FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-05206 Jennison Natural Resources Fund, Inc. (Exact name of registrant as specified in charter) 100 Mulberry Street, Gateway Center Three, 4 th Floor, Newark, NJ 07102 (Address of principal executive offices) (Zip Code) Jonathan D. Shain, Esq. 100 Mulberry Street, Gateway Center Three, 4 th Floor, Newark, NJ 07102 (Name and address of agent for service) Registrants telephone number, including area code: 973-802-6469 Date of fiscal year-end: May 31 Date of reporting period: June 30, 2008 Item 1. Proxy Voting Record In determining votes against management, any ballot that management did not make a recommendation is considered to be "FOR" regardless of the vote cast. Any "Abstain" vote cast is considered as voted, and to be against the management recommendation. ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-05206 Reporting Period: 07/01/2007 - 06/30/2008 Jennison Natural Resources Fund, Inc. =========== JENNISON NATURAL RESOURCES FUND - SUB-ADVISER: JENNISON ============ AGNICO EAGLE MINES LTD Ticker: AEM Security ID: 008474108 Meeting Date: MAY 9, 2008 Meeting Type: S Record Date: MAR 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - LEANNE M. BAKER FOR FOR Management 1.2 Elect Nominee - DOUGLAS R. BEAUMONT FOR FOR Management 1.3 Elect Nominee - SEAN BOYD FOR FOR Management 1.4 Elect Nominee - BERNARD KRAFT FOR FOR Management 1.5 Elect Nominee - MEL LEIDERMAN FOR FOR Management 1.6 Elect Nominee - JAMES D. NASSO FOR FOR Management 1.7 Elect Nominee - EBERHARD SCHERKUS FOR FOR Management 1.8 Elect Nominee - HOWARD R. STOCKFORD FOR FOR Management 1.9 Elect Nominee - PERTTI VOUTILAINEN FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management 3 Add Shares to Employee Share Purchase FOR FOR Management Plan 4 Add Shares/Amend Stock Plan for FOR FOR Management Employees/Directors 5 Amend Governing Documents - FOR FOR Management Modernize/Clarify - -------------------------------------------------------------------------------- ARCHIPELAGO RESOURCES PLC, LONDON Ticker: Security ID: G0453N104 Meeting Date: APR 15, 2008 Meeting Type: W Record Date: MAR 26, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1. Approve Share Issue - FOR Management S.2 Approve Share Issue - Disapplication of - FOR Management Preemptive Rights - -------------------------------------------------------------------------------- AXMIN INC Ticker: Security ID: 05461V102 Meeting Date: JUN 24, 2008 Meeting Type: Z Record Date: MAY 20, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1. Approve Stock Option Plan FOR AGAINST Management 2. Elect Board Slate FOR FOR Management 3. Approve Appointment/Remuneration of FOR FOR Management Auditors - -------------------------------------------------------------------------------- CABOT OIL & GAS CORP Ticker: COG Security ID: 127097103 Meeting Date: APR 30, 2008 Meeting Type: A Record Date: MAR 11, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - DAN O. DINGES FOR FOR Management 1.2 Elect Nominee - WILLIAM P. VITITOE FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- CAIRN ENERGY PLC, EDINBURGH Ticker: Security ID: G17528236 Meeting Date: MAY 23, 2008 Meeting Type: R Record Date: APR 25, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1. Approve Financial Statements/Reports - FOR Management 2. Approve Remuneration Report - FOR Management 3. Approve Appointment/Remuneration of - FOR Management Auditors 4. Elect/Appoint Director: Norman Murray - ABSTAIN Management 5. Elect/Appoint Director: Sir Bill Gammell - FOR Management 6. Elect/Appoint Director: Hamish Grossart - ABSTAIN Management 7. Elect/Appoint Director: Mr. Story - ABSTAIN Management 8. Approve Share Issue - FOR Management S.9 Approve Share Issue - Disapplication of - ABSTAIN Management Preemptive Rights S.10 Approve Share Buyback - FOR Management S.11 Amend Articles - ABSTAIN Management - -------------------------------------------------------------------------------- CAMERON INTERNATIONAL CORP Ticker: Security ID: 13342B105 Meeting Date: DEC 7, 2007 Meeting Type: S Record Date: NOV 1, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Common Stock For For Management - -------------------------------------------------------------------------------- CAMERON INTERNATIONAL CORP Ticker: Security ID: 13342B105 Meeting Date: DEC 7, 2007 Meeting Type: S Record Date: NOV 1, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Common Stock For For Management - -------------------------------------------------------------------------------- CLEVELAND-CLIFFS INC Ticker: CLF Security ID: 185896107 Meeting Date: MAY 13, 2008 Meeting Type: A Record Date: MAR 17, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1A Elect Nominee - R.C. CAMBRE FOR FOR Management 1B Elect Nominee - J.A. CARRABBA FOR FOR Management 1C Elect Nominee - S.M. CUNNINGHAM FOR FOR Management 1D Elect Nominee - B.J. ELDRIDGE FOR FOR Management 1E Elect Nominee - S.M. GREEN FOR FOR Management 1F Elect Nominee - J.D. IRELAND III FOR FOR Management 1G Elect Nominee - F.R. MCALLISTER FOR FOR Management 1H Elect Nominee - R. PHILLIPS FOR FOR Management 1I Elect Nominee - R.K. RIEDERER FOR FOR Management 1J Elect Nominee - A. SCHWARTZ FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- CLEVELAND-CLIFFS INC. Ticker: CLF Security ID: 185896107 Meeting Date: JUL 27, 2007 Meeting Type: Annual Record Date: JUN 7, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Ronald C. Cambre For For Management 1.2 Elect Director Joseph A. Carrabba For For Management 1.3 Elect Director Susan M. Cunningham For For Management 1.4 Elect Director Barry J. Eldridge For For Management 1.5 Elect Director Susan M. Green For For Management 1.6 Elect Director James D. Ireland, III For For Management 1.7 Elect Director Francis R. McAllister For For Management 1.8 Elect Director Roger Phillips For For Management 1.9 Elect Director Richard K. Riederer For For Management 1.10 Elect Director Alan Schwartz For For Management 2 Approve Omnibus Stock Plan For For Management 3 Approve Executive Incentive Bonus Plan For For Management 4 Ratify Auditors For For Management - -------------------------------------------------------------------------------- CNX GAS CORP Ticker: CXG Security ID: 12618H309 Meeting Date: APR 21, 2008 Meeting Type: A Record Date: MAR 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - PHILIP W. BAXTER FOR FOR Management 1.2 Elect Nominee - JAMES E. ALTMEYER, SR. FOR FOR Management 1.3 Elect Nominee - NICHOLAS J. DELULIIS FOR FOR Management 1.4 Elect Nominee - RAJ K. GUPTA FOR FOR Management 1.5 Elect Nominee - J. BRETT HARVEY FOR FOR Management 1.6 Elect Nominee - WILLIAM J. LYONS FOR FOR Management 1.7 Elect Nominee - JOHN R. PIPSKI FOR FOR Management 1.8 Elect Nominee - JOSEPH T. WILLIAMS FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- COEUR D'ALENE MINES CORP Ticker: Security ID: 192108108 Meeting Date: DEC 7, 2007 Meeting Type: S Record Date: OCT 19, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Common Stock For For Management 2 Approve Stock Issuance to Complete Merger For Against Management 3 Approve Adjournment of Meeting For For Management - -------------------------------------------------------------------------------- COEUR D'ALENE MINES CORP Ticker: Security ID: 192108108 Meeting Date: DEC 7, 2007 Meeting Type: S Record Date: OCT 19, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Common Stock For For Management 2 Approve Stock Issuance to Complete Merger For Against Management 3 Approve Adjournment of Meeting For For Management - -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO.PR Security ID: 204412209 Meeting Date: AUG 30, 2007 Meeting Type: Special Record Date: AUG 10, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 PROPOSAL TO AMEND THE COMPANYS BY-LAWS. For For Management 2 PROPOSAL FOR A FORWARD STOCK SPLIT, For For Management PURSUANT TO WHICH EACH AND EVERY CURRENT SHARE ISSUED BY THE COMPANY, BOTH COMMON AND PREFERRED, SHALL BECOME TWO SHARES OF THE SAME TYPE AND CLASS, AS THE CASE MAY BE, AND THE CORRESPONDING ADJUSTMENT OF ARTICLE 5 AND 3 CONSOLIDATION OF THE AMENDMENTS TO THE For For Management COMPANY S BY-LAWS, MENTIONED ABOVE IN ITEMS I AND II HEREIN, IF SUCH PROPOSED MODIFICATIONS ARE APPROVED. 4 RATIFICATION OF CVRD S ACQUISITION OF THE For For Management CONTROLLING SHARE OF AMCI HOLDINGS AUSTRALIA, AS REQUIRED BY ARTICLE 256 SECTION 1 OF THE BRAZILIAN CORPORATE LAW. 5 REPLACEMENT OF A BOARD MEMBER. For Against Management - -------------------------------------------------------------------------------- COMPNIA MINAS BUENVNTR -ADR Ticker: Security ID: 204448104 Meeting Date: MAR 27, 2008 Meeting Type: A Record Date: MAR 10, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements/Reports / FOR Management 2 Elect Board Slate / FOR Management 3 Approve Appointment of Auditors / FOR Management 4 Approve Dividend / FOR Management 5 Increase Share Capital / FOR Management 6 Approve Stock Split / FOR Management - -------------------------------------------------------------------------------- CRYSTALLEX INTERNATIONAL CP Ticker: KRY Security ID: 22942F101 Meeting Date: JUN 25, 2008 Meeting Type: S Record Date: MAY 15, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appointment/Remuneration of FOR FOR Management Auditors 2 Elect Board Slate FOR FOR Management 3 Approve Incentive Share Option Plan FOR AGAINST Management 4 Approve Other Business FOR AGAINST Management - -------------------------------------------------------------------------------- DENBURY RESOURCES INC Ticker: Security ID: 247916208 Meeting Date: NOV 19, 2007 Meeting Type: S Record Date: OCT 8, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Common Stock For For Management 2 Approve Stock Split For For Management 3 Approve Adjournment of Meeting For For Management - -------------------------------------------------------------------------------- DENBURY RESOURCES INC Ticker: Security ID: 247916208 Meeting Date: NOV 19, 2007 Meeting Type: S Record Date: OCT 8, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Increase Common Stock For For Management 2 Approve Stock Split For For Management 3 Approve Adjournment of Meeting For For Management - -------------------------------------------------------------------------------- ELDORADO GOLD CORP Ticker: EGO Security ID: 284902103 Meeting Date: MAY 1, 2008 Meeting Type: Z Record Date: MAR 19, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee: John S. Auston FOR FOR Management 1.2 Elect Nominee: K. Ross Cory FOR FOR Management 1.3 Elect Nominee: Robert R. Gilmore FOR FOR Management 1.4 Elect Nominee: Geoffrey A. Handley FOR FOR Management 1.5 Elect Nominee: Wayne D. Lenton FOR FOR Management 1.6 Elect Nominee: Hugh C. Morris FOR FOR Management 1.7 Elect Nominee: Donald M. Shumka FOR FOR Management 1.8 Elect Nominee: Paul N. Wright FOR FOR Management 2. Ratify Appointment of Auditors FOR FOR Management 3. Approve Auditors Remuneration FOR FOR Management 4. Amend Incentive Stock Option Plans for FOR FOR Management Officers/Directors 5. Amend Incentive Stock Option Plans for FOR FOR Management Employees/Consultants/Advisors - -------------------------------------------------------------------------------- EQUITABLE RESOURCES INC Ticker: EQT Security ID: 294549100 Meeting Date: APR 23, 2008 Meeting Type: A Record Date: FEB 11, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - PHYLLIS A. DOMM, ED.D. FOR FOR Management 1.2 Elect Nominee - DAVID L. PORGES FOR FOR Management 1.3 Elect Nominee - JAMES E. ROHR FOR FOR Management 1.4 Elect Nominee - DAVID S. SHAPIRA FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- FIRST QUANTUM MINERALS LTD. Ticker: Security ID: 335934105 Meeting Date: MAY 13, 2008 Meeting Type: R Record Date: APR 7, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee: Philip K. R. Pascall FOR FOR Management 1.2 Elect Nominee: G. Clive Newall FOR FOR Management 1.3 Elect Nominee: Martin R. Rowley FOR FOR Management 1.4 Elect Nominee: Rupert Pennant-Rea FOR FOR Management 1.5 Elect Nominee: Andrew Adams FOR FOR Management 1.6 Elect Nominee: Peter St. George FOR FOR Management 1.7 Elect Nominee: Michael Martineau FOR FOR Management 2. Approve Appointment/Remuneration of FOR FOR Management Auditors - -------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER & GOLD INC. Ticker: FCX Security ID: 35671D857 Meeting Date: JUL 10, 2007 Meeting Type: Annual Record Date: MAY 25, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Richard C. Adkerson For For Management 1.2 Elect Director Robert J. Allison, Jr. For For Management 1.3 Elect Director Robert A. Day For For Management 1.4 Elect Director Gerald J. Ford For For Management 1.5 Elect Director H. Devon Graham, Jr. For For Management 1.6 Elect Director J. Bennett Johnston For For Management 1.7 Elect Director Charles C. Krulak For For Management 1.8 Elect Director Bobby Lee Lackey For For Management 1.9 Elect Director Jon C. Madonna For For Management 1.10 Elect Director Dustan E. McCoy For For Management 1.11 Elect Director Gabrielle K. McDonald For For Management 1.12 Elect Director James R. Moffett For For Management 1.13 Elect Director B.M. Rankin, Jr. For For Management 1.14 Elect Director J. Stapleton Roy For For Management 1.15 Elect Director Stephen H. Siegele For For Management 1.16 Elect Director J. Taylor Wharton For For Management 2 Ratify Auditors For For Management 3 Amend Omnibus Stock Plan For For Management - -------------------------------------------------------------------------------- GLOBALSANTAFE CORP Ticker: Security ID: G3930E101 Meeting Date: NOV 9, 2007 Meeting Type: S Record Date: OCT 1, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger with Transocean For For Management 2 Approve Merger with Transocean For For Management - -------------------------------------------------------------------------------- GLOBALSANTAFE CORP Ticker: Security ID: G3930E101 Meeting Date: NOV 9, 2007 Meeting Type: S Record Date: OCT 1, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger with Transocean For For Management 2 Approve Merger with Transocean For For Management - -------------------------------------------------------------------------------- GOLD RESERVE INC Ticker: GRZ Security ID: 38068N108 Meeting Date: JUN 10, 2008 Meeting Type: Z Record Date: MAY 2, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1. Elect Board Slate FOR FOR Management 2. Approve Appointment/Remuneration of FOR FOR Management Auditors 3. Add Shares to Stock Purchase Plan FOR FOR Management 4. Approve Equity Incentive Plan FOR FOR Management - -------------------------------------------------------------------------------- GREYSTAR RES LTD NEW Ticker: Security ID: 397913203 Meeting Date: MAY 2, 2008 Meeting Type: R Record Date: MAR 28, 2008 # Proposal Mgt Rec Vote Cast Sponsor N/A Agenda Update - Due to Receipt of - NON-VOTING Management Directors Names A. Receive Financial Statements - NON-VOTING Management B. Ratify Appointment of Auditors - FOR Management C.1 Elect Nominee: Brian E. Bayley - FOR Management C.2 Elect Nominee: David B. Rovig - FOR Management C.3 Elect Nominee: Emil M. Morfett - FOR Management C.4 Elect Nominee: Geoff Chater - FOR Management C.5 Elect Nominee: German Del Corral - FOR Management D. Extend Term of Incentive Share Option - FOR Management Plan N/A Approve Other Business - NON-VOTING Management - -------------------------------------------------------------------------------- HESS CORP Ticker: HES Security ID: 42809H107 Meeting Date: MAY 7, 2008 Meeting Type: A Record Date: MAR 17, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - E.E. HOLIDAY FOR FOR Management 1.2 Elect Nominee - J.H. MULLIN FOR FOR Management 1.3 Elect Nominee - J.J. O'CONNOR FOR FOR Management 1.4 Elect Nominee - F.B. WALKER FOR FOR Management 1.5 Elect Nominee - R.N. WILSON FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management 3 Eliminate Classified Board FOR FOR Management 4 Approve 2008 Long-Term Incentive Plan FOR FOR Management - -------------------------------------------------------------------------------- HIGHLAND GOLD MINING LTD Ticker: Security ID: G4472X101 Meeting Date: JAN 14, 2008 Meeting Type: T Record Date: DEC 24, 2007 # Proposal Mgt Rec Vote Cast Sponsor S.1 Increase Share Capital - FOR Management S.2 Approve Share Issue - Disapplication of - FOR Management Preemptive Rights - -------------------------------------------------------------------------------- IMPALA PLATINUM HOLDINGS LTD Ticker: Security ID: 452553308 Meeting Date: OCT 25, 2007 Meeting Type: A Record Date: SEP 13, 2007 # Proposal Mgt Rec Vote Cast Sponsor 2A Elect Nominee - FJP ROUX / For Management 2B Elect Nominee - JM MCMAHON / For Management 2C Elect Nominee - D. EARP / For Management 2D Elect Nominee - F JAKOET / For Management 2E Elect Nominee - DS PHIRI / For Management 3 Approve Directors' Remuneration / For Management S4 Approve Share Buyback / For Management S5 Amend Articles / For Management - -------------------------------------------------------------------------------- IMPALA PLATINUM HOLDINGS LTD Ticker: Security ID: 452553308 Meeting Date: OCT 25, 2007 Meeting Type: A Record Date: SEP 13, 2007 # Proposal Mgt Rec Vote Cast Sponsor 2A Elect Nominee - FJP ROUX / For Management 2B Elect Nominee - JM MCMAHON / For Management 2C Elect Nominee - D. EARP / For Management 2D Elect Nominee - F JAKOET / For Management 2E Elect Nominee - DS PHIRI / For Management 3 Approve Directors' Remuneration / For Management S4 Approve Share Buyback / For Management S5 Amend Articles / For Management - -------------------------------------------------------------------------------- KINROSS GOLD CORP Ticker: KGC Security ID: 496902404 Meeting Date: MAY 7, 2008 Meeting Type: S Record Date: MAR 18, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - JOHN A. BROUGH FOR FOR Management 1.2 Elect Nominee - TYE W. BURT FOR FOR Management 1.3 Elect Nominee - JOHN K. CARRINGTON FOR FOR Management 1.4 Elect Nominee - RICHARD S. HALLISEY FOR FOR Management 1.5 Elect Nominee - JOHN M.H. HUXLEY FOR FOR Management 1.6 Elect Nominee - JOHN A. KEYES FOR FOR Management 1.7 Elect Nominee - C. MCLEOD-SELTZER FOR FOR Management 1.8 Elect Nominee - GEORGE F. MICHALS FOR FOR Management 1.9 Elect Nominee - JOHN E. OLIVER FOR FOR Management 1.10 Elect Nominee - TERENCE C.W. REID FOR FOR Management 2 Approve Appointment/Remuneration of FOR FOR Management Auditors 3 Add Shares to Share Incentive Plan FOR FOR Management 4 Add Shares to Restricted Share Plan FOR FOR Management - -------------------------------------------------------------------------------- MMX MINERACAO E METALICOS SA, BRASIL Ticker: Security ID: P6829U102 Meeting Date: APR 7, 2008 Meeting Type: T Record Date: MAR 6, 2008 # Proposal Mgt Rec Vote Cast Sponsor N/A Beneficial Owner Signed Power of Attorney - NON-VOTING Management Required to Vote 1. Approve Stock Split - FOR Management - -------------------------------------------------------------------------------- NABORS INDUSTRIES LTD Ticker: NBR Security ID: G6359F103 Meeting Date: JUN 3, 2008 Meeting Type: A Record Date: APR 4, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - ANTHONY G. PETRELLO FOR FOR Management 1.2 Elect Nominee - MYRON M. SHEINFELD FOR FOR Management 1.3 Elect Nominee - MARTIN J. WHITMAN FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management 3 Award Pay for Superior Performance AGAINST AGAINST Shareholder 4 Limit Executive Compensation - Tax AGAINST AGAINST Shareholder Gross-up Payments - -------------------------------------------------------------------------------- NEVSUN RESOURCES LTD Ticker: NSU Security ID: 64156L101 Meeting Date: APR 25, 2008 Meeting Type: R Record Date: MAR 17, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee: R. Stuart Angus FOR FOR Management 1.2 Elect Nominee: John A. Clarke FOR FOR Management 1.3 Elect Nominee: Clifford T. Divas FOR FOR Management 1.4 Elect Nominee: Robert J. Gayton FOR FOR Management 1.5 Elect Nominee: Gary E. German FOR FOR Management 1.6 Elect Nominee: Gerard E. Munera FOR FOR Management 2 Approve Appointment/Remuneration of FOR FOR Management Auditors - -------------------------------------------------------------------------------- NORTHERN DYNASTY MINERAL LTD Ticker: NAK Security ID: 66510M204 Meeting Date: JUN 17, 2008 Meeting Type: A Record Date: MAY 12, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - DAVID COPELAND FOR WITHHOLD Management 1.2 Elect Nominee - SCOTT COUSENS FOR FOR Management 1.3 Elect Nominee - ROBERT DICKINSON FOR FOR Management 1.4 Elect Nominee - DAVID ELLIOTT FOR FOR Management 1.5 Elect Nominee - GORDON FRETWELL FOR FOR Management 1.6 Elect Nominee - WAYNE KIRK FOR FOR Management 1.7 Elect Nominee - JEFFREY MASON FOR FOR Management 1.8 Elect Nominee - STEPHEN SCOTT FOR FOR Management 1.9 Elect Nominee - RONALD THIESSEN FOR WITHHOLD Management 1.10 Elect Nominee - RUSSELL E. HALLBAUER FOR FOR Management 2 Approve Appointment/Remuneration of FOR FOR Management Auditors 3 Amend Share Option Plan FOR AGAINST Management - -------------------------------------------------------------------------------- NUCOR CORP Ticker: NUE Security ID: 670346105 Meeting Date: MAY 9, 2008 Meeting Type: A Record Date: MAR 11, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - PETER C. BROWNING FOR FOR Management 1.2 Elect Nominee - V.F. HAYNES, PH.D. FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management 3 Reapprove Annual and Long-Term Senior FOR FOR Management Officers Incentive Compensation Plans 4 Adopt Majority Vote to Elect Directors AGAINST FOR Shareholder - -------------------------------------------------------------------------------- OGX PETROLEO E GAS PARTICIPACOES SA, BRAZIL Ticker: Security ID: P7356Y103 Meeting Date: APR 30, 2008 Meeting Type: Z Record Date: APR 17, 2008 # Proposal Mgt Rec Vote Cast Sponsor N/A Beneficial Owner Signed Power of Attorney - NON-VOTING Management Required to Vote A.I Approve Financial Statements/Reports - FOR Management A.II Approve Directors' Remuneration - FOR Management E.I Amend Articles to Reflect Changes in - FOR Management Capital E.II Amend Governing Documents - - FOR Management Modernize/Clarify E.III Ratify the decisions of the EGM held at - FOR Management 28 JAN 2008 E.IV Approve to decide regarding new business - ABSTAIN Management opportunities E.V Approve Other Business - NON-VOTING Management - -------------------------------------------------------------------------------- OREZONE RESOURCES INC Ticker: OZN Security ID: 685921108 Meeting Date: MAY 29, 2008 Meeting Type: Z Record Date: APR 22, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee: Ronald Little FOR FOR Management 1.2 Elect Nominee: Michael Halvorson FOR FOR Management 1.3 Elect Nominee: Paul Carmel FOR FOR Management 1.4 Elect Nominee: David Netherway FOR FOR Management 1.5 Elect Nominee: Alain Krushnisky FOR FOR Management 2. Approve Appointment/Remuneration of FOR FOR Management Auditors 3. Approve Stock Option Plan FOR AGAINST Management - -------------------------------------------------------------------------------- PAN AMERICAN SILVER CORP Ticker: PAAS Security ID: 697900108 Meeting Date: MAY 13, 2008 Meeting Type: A Record Date: APR 2, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - ROSS J. BEATY FOR FOR Management 1.2 Elect Nominee - GEOFFREY A. BURNS FOR FOR Management 1.3 Elect Nominee - WILLIAM A. FLECKENSTEIN FOR FOR Management 1.4 Elect Nominee - MICHAEL LARSON FOR FOR Management 1.5 Elect Nominee - MICHAEL J.J. MALONEY FOR FOR Management 1.6 Elect Nominee - ROBERT P. PIROOZ FOR FOR Management 1.7 Elect Nominee - PAUL B. SWEENEY FOR FOR Management 1.8 Elect Nominee - DAVID C. PRESS FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management 3 Approve Auditors Remuneration FOR FOR Management 4 Approve Stock Plan for Employees FOR FOR Management - -------------------------------------------------------------------------------- PAN AMERICAN SILVER CORP Ticker: PAAS Security ID: 697900108 Meeting Date: MAY 13, 2008 Meeting Type: R Record Date: APR 2, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee: Ross J. Beaty FOR FOR Management 1.2 Elect Nominee: Geoffrey A. Burns FOR FOR Management 1.3 Elect Nominee: William A. Fleckenstein FOR FOR Management 1.4 Elect Nominee: Michael Larson FOR FOR Management 1.5 Elect Nominee: Michael J.J. Maloney FOR FOR Management 1.6 Elect Nominee: Robert P. Pirooz FOR FOR Management 1.7 Elect Nominee: Paul B. Sweeney FOR FOR Management 1.8 Elect Nominee: David C. Press FOR FOR Management 2. Ratify Appointment of Auditors FOR FOR Management 3. Approve Auditors Remuneration FOR FOR Management 4. Approve Stock Plan for Employees FOR FOR Management - -------------------------------------------------------------------------------- PETROHAWK ENERGY CORPORATION Ticker: HK Security ID: 716495106 Meeting Date: JUL 18, 2007 Meeting Type: Annual Record Date: MAY 21, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Thomas R. Fuller For For Management 1.2 Elect Director Robert G. Raynolds For For Management 1.3 Elect Director Christopher A. Viggiano For For Management 2 Amend Omnibus Stock Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- PETROLEO BRASILEIRO SA PETRO Ticker: Security ID: 71654V408 Meeting Date: OCT 29, 2007 Meeting Type: S Record Date: OCT 12, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger/Acquisition For Against Management - -------------------------------------------------------------------------------- PETROLEO BRASILEIRO SA PETRO Ticker: Security ID: 71654V408 Meeting Date: OCT 29, 2007 Meeting Type: S Record Date: OCT 12, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger/Acquisition For Against Management - -------------------------------------------------------------------------------- PETROLEUM GEO-SERVICES ASA Ticker: Security ID: 716599105 Meeting Date: MAY 7, 2008 Meeting Type: A Record Date: APR 2, 2008 # Proposal Mgt Rec Vote Cast Sponsor 2 Approve Financial Statements/Reports FOR FOR Management 3 Approve Appointment of Auditors FOR FOR Management 4 Approve Appointment of Auditors FOR FOR Management 5A Appoint Chairman: JENS ULLTVEIT-MOE FOR FOR Management 5B Elect/Appoint Director: FRANCIS ROBERT FOR FOR Management GUGEN 5C Elect/Appoint Director: HARALD NORVIK FOR FOR Management 5D Elect/Appoint Director: WENCHE KJOLAS FOR FOR Management 5E Elect/Appoint Director: DANIEL J. PIETTE FOR FOR Management 5F Elect/Appoint Director: HOLLY VAN DEURSEN FOR FOR Management 5G Elect/Appoint Director: ANETTE MALM FOR FOR Management JUSTAD 6A Approve Appointment of Nomination FOR FOR Management Committee Member: ROGER O NIEL 6B Approve Appointment of Nomination FOR FOR Management Committee Member: C. MAURY DEVINE 6C Approve Appointment of Nomination FOR FOR Management Committee Member: HANNE HARLEM 7A Approve Directors' Remuneration FOR FOR Management 7B Approve Remuneration Policy FOR FOR Management 7C Approve Remuneration Policy FOR FOR Management 8 Approve Management Report FOR FOR Management 9 Approve Share Buyback FOR FOR Management 10 Approve Stock Plan FOR FOR Management 11A Approve Share Issue FOR FOR Management 11B Approve Share Grants FOR FOR Management 12 Issue Debt Instruments FOR FOR Management 13 Amend Articles FOR FOR Management 14 Approve Accelerated Vesting of Options FOR FOR Management 15 Ratify Board Actions FOR FOR Management - -------------------------------------------------------------------------------- RANGE RESOURCES CORP Ticker: RRC Security ID: 75281A109 Meeting Date: MAY 20, 2008 Meeting Type: A Record Date: MAR 27, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - CHARLES L. BLACKBURN FOR FOR Management 1.2 Elect Nominee - ANTHONY V. DUB FOR FOR Management 1.3 Elect Nominee - V. RICHARD EALES FOR FOR Management 1.4 Elect Nominee - ALLEN FINKELSON FOR FOR Management 1.5 Elect Nominee - JONATHAN S. LINKER FOR FOR Management 1.6 Elect Nominee - KEVIN S. MCCARTHY FOR FOR Management 1.7 Elect Nominee - JOHN H. PINKERTON FOR FOR Management 1.8 Elect Nominee - JEFFREY L. VENTURA FOR FOR Management 2 Increase Common Stock FOR FOR Management 3 Add Shares/Amend 2005 Equity-Based FOR FOR Management Compensation Plan 4 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- SANDRIDGE ENERGY INC Ticker: SD Security ID: 80007P307 Meeting Date: JUN 6, 2008 Meeting Type: A Record Date: APR 9, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - TOM L. WARD FOR FOR Management 1.2 Elect Nominee - ROY T. OLIVER, JR. FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- SASOL LTD -ADR Ticker: Security ID: 803866300 Meeting Date: NOV 30, 2007 Meeting Type: A Record Date: OCT 22, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements/Reports / For Management 2A Appoint Director: E LE R BRADLEY / For Management 2B Appoint Director: V N FAKUDE / For Management 2C Appoint Director: A JAIN / For Management 2D Appoint Director: I N MKHIZE / For Management 2E Appoint Director: S MONTSI / For Management 3 Appoint Director: T A WIXLEY / For Management 4 Approve Appointment of Auditors / For Management 5S1 Approve English Translation of Articles / For Management 6S2 Authorize Electronic Transmission of / For Management Information to Shareholders 7S3 Approve Share Buyback / For Management 8O1 Approve Directors' Remuneration / For Management - -------------------------------------------------------------------------------- SASOL LTD -ADR Ticker: Security ID: 803866300 Meeting Date: NOV 30, 2007 Meeting Type: A Record Date: OCT 22, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements/Reports / For Management 2A Appoint Director: E LE R BRADLEY / For Management 2B Appoint Director: V N FAKUDE / For Management 2C Appoint Director: A JAIN / For Management 2D Appoint Director: I N MKHIZE / For Management 2E Appoint Director: S MONTSI / For Management 3 Appoint Director: T A WIXLEY / For Management 4 Approve Appointment of Auditors / For Management 5S1 Approve English Translation of Articles / For Management 6S2 Authorize Electronic Transmission of / For Management Information to Shareholders 7S3 Approve Share Buyback / For Management 8O1 Approve Directors' Remuneration / For Management - -------------------------------------------------------------------------------- SEABRIDGE GOLD INC Ticker: SA Security ID: 811916105 Meeting Date: JUN 18, 2008 Meeting Type: A Record Date: APR 25, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - JAMES S. ANTHONY FOR FOR Management 1.2 Elect Nominee - A. FREDERICK BANFIELD FOR FOR Management 1.3 Elect Nominee - WILLIAM M. CALHOUN FOR FOR Management 1.4 Elect Nominee - THOMAS C. DAWSON FOR FOR Management 1.5 Elect Nominee - LOUIS J. FOX FOR FOR Management 1.6 Elect Nominee - RUDI P. FRONK FOR FOR Management 1.7 Elect Nominee - ELISEO GONZALEZ-URIEN FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management 3 Approve Auditors Remuneration FOR FOR Management 4 Amend Governing Documents - FOR FOR Management Modernize/Clarify 5 Add Shares to Stock Option Plan FOR FOR Management 6 Amend Stock Option Plan FOR FOR Management 7 Approve Stock Grants FOR FOR Management 8 Approve Stock Plan FOR AGAINST Management 9 Approve Other Business FOR AGAINST Management - -------------------------------------------------------------------------------- SEMAFO INC Ticker: Security ID: 816922108 Meeting Date: JUN 18, 2008 Meeting Type: R Record Date: MAY 15, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee: Bryan A. Coates - FOR Management 1.2 Elect Nominee: Jean Lamarre - FOR Management 1.3 Elect Nominee: Benoit La Salle - FOR Management 1.4 Elect Nominee: John Leboutillier - FOR Management 1.5 Elect Nominee: Jean-Pierre Lefebvre - FOR Management 1.6 Elect Nominee: Gilles Masson - FOR Management 1.7 Elect Nominee: G. Douglas Stanley - FOR Management 2. Approve Appointment/Remuneration of - FOR Management Auditors - -------------------------------------------------------------------------------- SMITH INTERNATIONAL INC Ticker: SII Security ID: 832110100 Meeting Date: MAY 13, 2008 Meeting Type: A Record Date: MAR 14, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - LOREN K. CARROLL FOR FOR Management 1.2 Elect Nominee - DOD A. FRASER FOR FOR Management 2 Add Shares/Amend 1989 Long-Term Incentive FOR FOR Management Compensation Plan 3 Increase Common Stock FOR FOR Management 4 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- SOUTHERN COPPER CORP Ticker: PCU Security ID: 84265V105 Meeting Date: MAY 28, 2008 Meeting Type: A Record Date: MAY 5, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - G. LARREA MOTA-VELASCO FOR FOR Management 1.2 Elect Nominee - OSCAR GONZALEZ ROCHA FOR FOR Management 1.3 Elect Nominee - EMILIO CARRILLO GAMBOA FOR FOR Management 1.4 Elect Nominee - ALFREDO CASAR PEREZ FOR FOR Management 1.5 Elect Nominee - A. DE LA PARRA ZAVALA FOR FOR Management 1.6 Elect Nominee - X.G. DE QUEVEDO TOPETE FOR FOR Management 1.7 Elect Nominee - HAROLD S. HANDELSMAN FOR FOR Management 1.8 Elect Nominee - G. LARREA MOTA-VELASCO FOR FOR Management 1.9 Elect Nominee - D. MUNIZ QUINTANILLA FOR FOR Management 1.10 Elect Nominee - ARMANDO ORTEGA GOMEZ FOR FOR Management 1.11 Elect Nominee - L.M. PALOMINO BONILLA FOR FOR Management 1.12 Elect Nominee - G.P. CIFUENTES FOR FOR Management 1.13 Elect Nominee - JUAN REBOLLEDO GOUT FOR FOR Management 1.14 Elect Nominee - CARLOS RUIZ SACRISTAN FOR FOR Management 2 Increase Common Stock FOR AGAINST Management 3 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- STERLITE INDUSTRIES (INDIA) LTD. Ticker: SLT Security ID: 859737207 Meeting Date: SEP 28, 2007 Meeting Type: Annual Record Date: SEP 4, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL AND ADOPTION OF THE BALANCE For For Management SHEET AS AT MARCH 31, 2007 AND THE PROFIT AND LOSS ACCOUNT OF THE COMPANY FOR THE YEAR ENDED ON THAT DATE AND THE REPORT OF THE DIRECTORS AND AUDITORS THEREON. 2 APPROVAL TO CONFIRM THE DIVIDEND PAID ON For For Management PREFERENCE SHARES. 3 APPROVAL FOR RE-APPOINTMENT OF MR. GAUTAM For For Management DOSHI AS A DIRECTOR OF THE COMPANY, WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT. 4 APPROVAL FOR RE-APPOINTMENT OF MR. For For Management SANDEEP JUNNARKAR AS A DIRECTOR OF THE COMPANY, WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT. 5 Ratify Auditors For For Management - -------------------------------------------------------------------------------- SUPERIOR ENERGY SERVICES INC Ticker: SPN Security ID: 868157108 Meeting Date: MAY 21, 2008 Meeting Type: A Record Date: MAR 31, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - HAROLD J. BOUILLION FOR FOR Management 1.2 Elect Nominee - ENOCH L. DAWKINS FOR FOR Management 1.3 Elect Nominee - JAMES M. FUNK FOR FOR Management 1.4 Elect Nominee - TERENCE E. HALL FOR FOR Management 1.5 Elect Nominee - E.E. 'WYN' HOWARD, III FOR FOR Management 1.6 Elect Nominee - RICHARD A. PATTAROZZI FOR FOR Management 1.7 Elect Nominee - JUSTIN L. SULLIVAN FOR FOR Management 2 Ratify Appointment of Auditors FOR FOR Management - -------------------------------------------------------------------------------- TRANSOCEAN INC Ticker: Security ID: G90078109 Meeting Date: NOV 9, 2007 Meeting Type: S Record Date: OCT 1, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger with GlobalSantaFe For For Management Corporation 2 Approve Stock Issuance to Complete Merger For For Management 3 Increase Board Size For For Management - -------------------------------------------------------------------------------- TRANSOCEAN INC Ticker: Security ID: G90078109 Meeting Date: NOV 9, 2007 Meeting Type: S Record Date: OCT 1, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger with GlobalSantaFe For For Management Corporation 2 Approve Stock Issuance to Complete Merger For For Management 3 Increase Board Size For For Management - -------------------------------------------------------------------------------- UNIVERSAL COMPRESSION HOLDINGS, INC. Ticker: UCO Security ID: 913431102 Meeting Date: AUG 16, 2007 Meeting Type: Annual Record Date: JUN 28, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Approve Omnibus Stock Plan For For Management 3 Approve Qualified Employee Stock Purchase For For Management Plan 4.1 Elect Director Thomas C. Case For For Management 4.2 Elect Director Janet F. Clark For For Management 4.3 Elect Director Uriel E. Dutton For For Management 5 Ratify Auditors For For Management ========== END NPX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Jennison Natural Resources Fund, Inc. By /s/ Judy A. Rice* (Jonathan D. Shain) Judy A. Rice, President (q) Power of Attorney dated July 1, 2008. Incorporated by reference to corresponding exhibit to Post-Effective Amendment No. 33 to the Registration Statement on Form N1-A for Jennison Natural Resources Fund, Inc. (File No. 33-15166) filed via EDGAR on July 31, 2008. Date: August 25, 2008