FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-08587 Jennison 20/20 Focus Fund (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) Registrant's telephone number, including area code: 973-802-6469 Date of fiscal year-end: January 31 Date of reporting period: June 30, 2009 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: 811-08587 Reporting Period: 07/01/2008 - 06/30/2009 Jennison 20/20 Focus Fund ========== JENNISON 20/20 FOCUS FUND - GROWTH - SUB-ADVISER: JENNISON ========== ADOBE SYSTEMS INC Ticker: ADBE Security ID: 00724F101 Meeting Date: APR 1, 2009 Meeting Type: A Record Date: FEB 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Add Shares/Amend 2003 Equity Incentive For Against Management Plan 3 Ratify Appointment of Auditors For For Management 1A Elect Nominee: ROBERT K. BURGESS For For Management 1B Elect Nominee: CAROL MILLS For For Management 1C Elect Nominee: DANIEL ROSENSWEIG For For Management 1D Elect Nominee: ROBERT SEDGEWICK For For Management 1E Elect Nominee: JOHN E. WARNOCK For For Management - -------------------------------------------------------------------------------- ALCON INC Ticker: ACL Security ID: H01301102 Meeting Date: MAY 5, 2009 Meeting Type: A Record Date: MAR 19, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements/Reports For For Management 2 Approve Appropriation of For For Management Earnings/Dividend 3 Ratify Board Actions For For Management 4 Approve Appointment of Auditors For For Management 5 Appoint Special Auditor For For Management 7 Cancel Class of Stock For For Management 8 Amend Governing Documents - For For Management Modernize/Clarify 6A Elect/Appoint Director For For Management 6B Elect/Appoint Director For For Management 6C Elect/Appoint Director For For Management 6D Elect/Appoint Director For For Management - -------------------------------------------------------------------------------- AMAZON.COM INC Ticker: AMZN Security ID: 023135106 Meeting Date: MAY 28, 2009 Meeting Type: A Record Date: APR 1, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 1A Elect Nominee - JEFFREY P. BEZOS For For Management 1B Elect Nominee - TOM A. ALBERG For For Management 1C Elect Nominee - JOHN SEELY BROWN For For Management 1D Elect Nominee - L. JOHN DOERR For For Management 1E Elect Nominee - WILLIAM B. GORDON For For Management 1F Elect Nominee - ALAIN MONIE For For Management 1G Elect Nominee - THOMAS O. RYDER For For Management 1H Elect Nominee - PATRICIA Q. STONESIFER For For Management - -------------------------------------------------------------------------------- APPLE INC Ticker: AAPL Security ID: 037833100 Meeting Date: FEB 25, 2009 Meeting Type: A Record Date: DEC 29, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - WILLIAM V. CAMPBELL For For Management 1.2 Elect Nominee - MILLARD S. DREXLER For For Management 1.3 Elect Nominee - ALBERT A. GORE, JR. For For Management 1.4 Elect Nominee - STEVEN P. JOBS For For Management 1.5 Elect Nominee - ANDREA JUNG For For Management 1.6 Elect Nominee - A.D. LEVINSON, PH.D. For For Management 1.7 Elect Nominee - ERIC E. SCHMIDT, PH.D. For For Management 1.8 Elect Nominee - JEROME B. YORK For For Management 2 Review/Report on Political Against Against Shareholder Contributions 3 Review/Report on Healthcare Related Against Against Shareholder Issues 4 Report on Sustainability Against Against Shareholder 5 Allow Advisory Vote on Executive Against Against Shareholder Compensation - -------------------------------------------------------------------------------- BAXTER INTERNATIONAL INC Ticker: BAX Security ID: 071813109 Meeting Date: MAY 5, 2009 Meeting Type: A Record Date: MAR 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Review/Report on Animal Welfare Against Against Shareholder 1A Elect Nominee - WALTER E. BOOMER For For Management 1B Elect Nominee - JAMES R. GAVIN III, For For Management M.D., PH.D. 1C Elect Nominee - PETER S. HELLMAN For For Management 1D Elect Nominee - K.J. STORM For For Management - -------------------------------------------------------------------------------- CELGENE CORP Ticker: CELG Security ID: 151020104 Meeting Date: JUN 17, 2009 Meeting Type: A Record Date: APR 21, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - SOL J. BARER, PH.D. For For Management 1.2 Elect Nominee - ROBERT J. HUGIN For For Management 1.3 Elect Nominee - MICHAEL D. CASEY For For Management 1.4 Elect Nominee - RODMAN L. DRAKE For For Management 1.5 Elect Nominee - A.H. HAYES, JR., M.D. For For Management 1.6 Elect Nominee - GILLA KAPLAN, PH.D. For For Management 1.7 Elect Nominee - JAMES J. LOUGHLIN For For Management 1.8 Elect Nominee - ERNEST MARIO, PH.D. For For Management 1.9 Elect Nominee - WALTER L. ROBB, PH.D. For For Management 2 Ratify Appointment of Auditors For For Management 3 Add Shares/Amend 2008 Stock Incentive For For Management Plan 4 Adopt Majority Vote to Elect Directors Against For Shareholder - -------------------------------------------------------------------------------- COLGATE-PALMOLIVE CO Ticker: CL Security ID: 194162103 Meeting Date: MAY 8, 2009 Meeting Type: A Record Date: MAR 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Approve the 2009 Executive Incentive For For Management Compensation Plan 4 Allow Advisory Vote on Executive Against Against Shareholder Compensation 1A Elect Nominee - JOHN T. CAHILL For For Management 1B Elect Nominee - JILL K. CONWAY For For Management 1C Elect Nominee - IAN M. COOK For For Management 1D Elect Nominee - ELLEN M. HANCOCK For For Management 1E Elect Nominee - DAVID W. JOHNSON For For Management 1F Elect Nominee - RICHARD J. KOGAN For For Management 1G Elect Nominee - DELANO E. LEWIS For For Management 1H Elect Nominee - J. PEDRO REINHARD For For Management 1I Elect Nominee - STEPHEN I. SADOVE For For Management - -------------------------------------------------------------------------------- GILEAD SCIENCES INC Ticker: GILD Security ID: 375558103 Meeting Date: MAY 6, 2009 Meeting Type: A Record Date: MAR 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - PAUL BERG For For Management 1.10 Elect Nominee - RICHARD J. WHITLEY For For Management 1.11 Elect Nominee - GAYLE E. WILSON For For Management 1.2 Elect Nominee - JOHN F. COGAN For For Management 1.3 Elect Nominee - ETIENNE F. DAVIGNON For For Management 1.4 Elect Nominee - JAMES M. DENNY For For Management 1.5 Elect Nominee - CARLA A. HILLS For For Management 1.6 Elect Nominee - JOHN W. MADIGAN For For Management 1.7 Elect Nominee - JOHN C. MARTIN For For Management 1.8 Elect Nominee - GORDON E. MOORE For For Management 1.9 Elect Nominee - NICHOLAS G. MOORE For For Management 2 Ratify Appointment of Auditors For For Management 3 Add Shares/Amend 2004 Equity Incentive For For Management Plan - -------------------------------------------------------------------------------- GOOGLE INC Ticker: GOOG Security ID: 38259P508 Meeting Date: MAY 7, 2009 Meeting Type: A Record Date: MAR 10, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - ERIC SCHMIDT For For Management 1.10 Elect Nominee - SHIRLEY M. TILGHMAN For For Management 1.2 Elect Nominee - SERGEY BRIN For For Management 1.3 Elect Nominee - LARRY PAGE For For Management 1.4 Elect Nominee - L. JOHN DOERR For For Management 1.5 Elect Nominee - JOHN L. HENNESSY For For Management 1.6 Elect Nominee - ARTHUR D. LEVINSON For For Management 1.7 Elect Nominee - ANN MATHER For For Management 1.8 Elect Nominee - PAUL S. OTELLINI For For Management 1.9 Elect Nominee - K. RAM SHRIRAM For For Management 2 Ratify Appointment of Auditors For For Management 3 Add Shares to 2004 Stock Plan For For Management 4 Review/Report on Political For Against Shareholder Contributions 5 Adopt Freedom of Access Principles Against Against Shareholder 6 Review/Report on Healthcare Related Against Against Shareholder Issues - -------------------------------------------------------------------------------- MASTERCARD INC Ticker: MA Security ID: 57636Q104 Meeting Date: JUN 9, 2009 Meeting Type: A Record Date: APR 13, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - RICHARD HAYTHORNTHWAITE For For Management 1.2 Elect Nominee - DAVID R. CARLUCCI For For Management 1.3 Elect Nominee - ROBERT W. SELANDER For For Management 2 Approve Board Size For For Management 3 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- MEDCO HEALTH SOLUTIONS INC Ticker: MHS Security ID: 58405U102 Meeting Date: MAY 21, 2009 Meeting Type: A Record Date: MAR 26, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Approve Executive Annual Incentive Plan For For Management 1A Elect Nominee - CHARLES M. LILLIS For For Management 1B Elect Nominee - WILLIAM L. ROPER For For Management 1C Elect Nominee - DAVID D. STEVENS For For Management - -------------------------------------------------------------------------------- MONSANTO CO Ticker: MON Security ID: 61166W101 Meeting Date: JAN 14, 2009 Meeting Type: A Record Date: NOV 17, 2008 # Proposal Mgt Rec Vote Cast Sponsor 1A Elect Nominee - JANICE L. FIELDS For For Management 1B Elect Nominee - HUGH GRANT For For Management 1C Elect Nominee - C. STEVEN MCMILLAN For For Management 1D Elect Nominee - ROBERT J. STEVENS For For Management 2 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- OCCIDENTAL PETROLEUM CORP Ticker: OXY Security ID: 674599105 Meeting Date: MAY 1, 2009 Meeting Type: A Record Date: MAR 11, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Approve Shareholders' Right to Call For For Management Special Meeting 4 Report on Assessment of Host Country Against Against Shareholder Laws 1A Elect Nominee - SPENCER ABRAHAM For For Management 1B Elect Nominee - RONALD W. BURKLE For For Management 1C Elect Nominee - JOHN S. CHALSTY For For Management 1D Elect Nominee - EDWARD P. DJEREJIAN For For Management 1E Elect Nominee - JOHN E. FEICK For For Management 1F Elect Nominee - RAY R. IRANI For For Management 1G Elect Nominee - IRVIN W. MALONEY For For Management 1H Elect Nominee - AVEDICK B. POLADIAN For For Management 1I Elect Nominee - RODOLFO SEGOVIA For For Management 1J Elect Nominee - AZIZ D. SYRIANI For For Management 1K Elect Nominee - ROSEMARY TOMICH For For Management 1L Elect Nominee - WALTER L. WEISMAN For For Management - -------------------------------------------------------------------------------- QUALCOMM INC Ticker: QCOM Security ID: 747525103 Meeting Date: MAR 3, 2009 Meeting Type: A Record Date: JAN 2, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - BARBARA T. ALEXANDER For For Management 1.2 Elect Nominee - STEPHEN M. BENNETT For For Management 1.3 Elect Nominee - DONALD G. CRUICKSHANK For For Management 1.4 Elect Nominee - RAYMOND V. DITTAMORE For For Management 1.5 Elect Nominee - THOMAS W. HORTON For For Management 1.6 Elect Nominee - IRWIN MARK JACOBS For For Management 1.7 Elect Nominee - PAUL E. JACOBS For For Management 1.8 Elect Nominee - ROBERT E. KAHN For For Management 1.9 Elect Nominee - SHERRY LANSING For For Management 1.10 Elect Nominee - DUANE A. NELLES For For Management 1.11 Elect Nominee - MARC I. STERN For For Management 1.12 Elect Nominee - BRENT SCOWCROFT For For Management 2 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- SCHWAB (CHARLES) CORP Ticker: SCHW Security ID: 808513105 Meeting Date: MAY 14, 2009 Meeting Type: A Record Date: MAR 16, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Review/Report on Political Against Against Shareholder Contributions 3 Allow Shareholder Approval of Death Against Against Shareholder Benefits 4 Limit Executive Compensation - Bonus Against Against Shareholder Payouts 1A Elect Nominee - NANCY H. BECHTLE For For Management 1B Elect Nominee - WALTER W. BETTINGER II For For Management 1C Elect Nominee - C. PRESTON BUTCHER For For Management - -------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDS-ADR Ticker: TEVA Security ID: 881624209 Meeting Date: JUN 22, 2009 Meeting Type: A Record Date: MAY 13, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of For For Management Earnings/Dividend 3 Approve Appointment/Remuneration of For For Management Auditors 2A Elect/Appoint Director For For Management 2B Elect/Appoint Director For For Management 2C Elect/Appoint Director For For Management 2D Elect/Appoint Director For For Management 2E Elect/Appoint Director For For Management - -------------------------------------------------------------------------------- VISA INC Ticker: V Security ID: 92826C839 Meeting Date: APR 21, 2009 Meeting Type: A Record Date: FEB 26, 2009 # Proposal Mgt Rec Vote Cast Sponsor 3 Ratify Appointment of Auditors For For Management 1A Elect Nominee: HANI AL-QADI For For Management 1B Elect Nominee: CHARLES T. DOYLE For For Management 1C Elect Nominee: PETER HAWKINS For For Management 1D Elect Nominee: DAVID I. MCKAY For For Management 1E Elect Nominee: CHARLES W. SCHARF For For Management 1F Elect Nominee: SEGISMUNDO For For Management SCHULIN-ZEUTHEN 2A Elect Nominee: THOMAS J. CAMPBELL For For Management 2B Elect Nominee: GARY P. COUGHLAN For For Management 2C Elect Nominee: MARY B. CRANSTON For For Management 2D Elect Nominee: FRANCISCO JAVIER For For Management FERNANDEZ-CARBAJAL 2E Elect Nominee: SUZANNE NORA JOHNSON For For Management 2F Elect Nominee: JOSEPH W. SAUNDERS For For Management - -------------------------------------------------------------------------------- WAL-MART STORES INC Ticker: WMT Security ID: 931142103 Meeting Date: JUN 5, 2009 Meeting Type: A Record Date: APR 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Amend EEO Policy to Include Sexual Against Against Shareholder Orientation 4 Award Performance-Based Compensation Against Against Shareholder 5 Allow Advisory Vote on Executive Against Against Shareholder Compensation 6 Review/Report on Political Against Against Shareholder Contributions 7 Allow Shareholders to Call Special Against For Shareholder Meeting 8 Limit Executive Compensation Against Against Shareholder 1A Elect Nominee - AIDA M. ALVAREZ For For Management 1B Elect Nominee - JAMES W. BREYER For For Management 1C Elect Nominee - M. MICHELE BURNS For For Management 1D Elect Nominee - JAMES I. CASH, JR. For For Management 1E Elect Nominee - ROGER C. CORBETT For For Management 1F Elect Nominee - DOUGLAS N. DAFT For For Management 1G Elect Nominee - MICHAEL T. DUKE For For Management 1H Elect Nominee - GREGORY B. PENNER For For Management 1I Elect Nominee - ALLEN I. QUESTROM For For Management 1J Elect Nominee - H. LEE SCOTT, JR. For For Management 1K Elect Nominee - ARNE M. SORENSON For For Management 1L Elect Nominee - JIM C. WALTON For For Management 1M Elect Nominee - S. ROBSON WALTON For For Management 1N Elect Nominee - CHRISTOPHER J. WILLIAMS For For Management 1O Elect Nominee - LINDA S. WOLF For For Management - -------------------------------------------------------------------------------- XTO ENERGY INC Ticker: XTO Security ID: 98385X106 Meeting Date: MAY 19, 2009 Meeting Type: A Record Date: MAR 31, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Eliminate Classified Board For For Management 3 Approve 2009 Executive Incentive For Against Management Compensation Plan 4 Ratify Appointment of Auditors For For Management 5 Allow Advisory Vote on Executive Against Against Shareholder Compensation 6 Allow Shareholder Approval of Death Against For Shareholder Benefits 2A Elect Nominee: PHILLIP R. KEVIL For For Management 2B Elect Nominee: HERBERT D. SIMONS For Against Management 2C Elect Nominee: VAUGHN O. VENNERBERG II For For Management ========== JENNISON 20/20 FOCUS FUND - VALUE - SUB-ADVISER: JENNISON =========== AETNA INC Ticker: AET Security ID: 00817Y108 Meeting Date: MAY 29, 2009 Meeting Type: A Record Date: MAR 27, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Adopt Cumulative Voting Against Against Shareholder 4 Appoint Management Retiree to Board Against Against Shareholder 1A Elect Nominee - FRANK M. CLARK For For Management 1B Elect Nominee - BETSY Z. COHEN For For Management 1C Elect Nominee - MOLLY J. COYE, M.D. For For Management 1D Elect Nominee - ROGER N. FARAH For For Management 1E Elect Nominee - BARBARA HACKMAN For For Management FRANKLIN 1F Elect Nominee - JEFFREY E. GARTEN For For Management 1G Elect Nominee - EARL G. GRAVES For For Management 1H Elect Nominee - GERALD GREENWALD For For Management 1I Elect Nominee - ELLEN M. HANCOCK For For Management 1J Elect Nominee - RICHARD J. HARRINGTON For For Management 1K Elect Nominee - EDWARD J. LUDWIG For For Management 1L Elect Nominee - JOSEPH P. NEWHOUSE For For Management 1M Elect Nominee - RONALD A. WILLIAMS For For Management - -------------------------------------------------------------------------------- CADBURY PLC Ticker: CBY Security ID: 12721E102 Meeting Date: MAY 14, 2009 Meeting Type: A Record Date: APR 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor O1 Approve Financial Statements/Reports For For Management O10 Approve Auditors Remuneration For For Management O11 Approve Political Donations For For Management O12 Approve Share Issue For For Management O2 Approve Dividend For For Management O3 Approve Remuneration Report For For Management O4 Elect/Appoint Director For For Management O5 Elect/Appoint Director For For Management O6 Elect/Appoint Director For For Management O7 Elect/Appoint Director For For Management O8 Elect/Appoint Director For For Management O9 Approve Appointment of Auditors For For Management S13 Approve Share Issue - Disapplication of For For Management Preemptive Rights S14 Approve Share Buyback For For Management S15 Amend Governing Documents - For For Management Modernize/Clarify - -------------------------------------------------------------------------------- CAREER EDUCATION CORP Ticker: CECO Security ID: 141665109 Meeting Date: APR 30, 2009 Meeting Type: A Record Date: MAR 18, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 1A Elect Nominee - DENNIS H. CHOOKASZIAN For For Management 1B Elect Nominee - DAVID W. DEVONSHIRE For For Management 1C Elect Nominee - PATRICK W. GROSS For For Management 1D Elect Nominee - GREGORY L. JACKSON For For Management 1E Elect Nominee - THOMAS B. LALLY For For Management 1F Elect Nominee - STEVEN H. LESNIK For For Management 1G Elect Nominee - GARY E. MCCULLOUGH For For Management 1H Elect Nominee - EDWARD A. SNYDER For For Management 1I Elect Nominee - LESLIE T. THORNTON For For Management - -------------------------------------------------------------------------------- CENTURY ALUMINUM CO Ticker: CENX Security ID: 156431108 Meeting Date: MAY 27, 2009 Meeting Type: A Record Date: MAR 31, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - LOGAN W. KRUGER For For Management 1.2 Elect Nominee - WILLY R. STROTHOTTE For For Management 1.3 Elect Nominee - JARL BERNTZEN For For Management 2 Increase Common Stock For For Management 3 Add Shares/Amend 1996 Stock Incentive For For Management Plan 4 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER & GO Ticker: FCX Security ID: 35671D857 Meeting Date: JUN 11, 2009 Meeting Type: A Record Date: APR 14, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - RICHARD C. ADKERSON For For Management 1.10 Elect Nominee - DUSTAN E. MCCOY For For Management 1.11 Elect Nominee - GABRIELLE K. MCDONALD For For Management 1.12 Elect Nominee - JAMES R. MOFFETT For For Management 1.13 Elect Nominee - B. M. RANKIN, JR. For For Management 1.14 Elect Nominee - J. STAPLETON ROY For For Management 1.15 Elect Nominee - STEPHEN H. SIEGELE For For Management 1.16 Elect Nominee - J. TAYLOR WHARTON For For Management 1.2 Elect Nominee - ROBERT J. ALLISON, JR. For For Management 1.3 Elect Nominee - ROBERT A. DAY For For Management 1.4 Elect Nominee - GERALD J. FORD For For Management 1.5 Elect Nominee - H. DEVON GRAHAM, JR. For For Management 1.6 Elect Nominee - J. BENNETT JOHNSTON For For Management 1.7 Elect Nominee - CHARLES C. KRULAK For For Management 1.8 Elect Nominee - BOBBY LEE LACKEY For For Management 1.9 Elect Nominee - JON C. MADONNA For For Management 2 Ratify Appointment of Auditors For For Management 3 Approve 2009 Annual Incentive Plan For For Management 4 Appoint Director with Environmental Against Against Shareholder Expertise - -------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC Ticker: GS Security ID: 38141G104 Meeting Date: MAY 8, 2009 Meeting Type: A Record Date: MAR 9, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Ratify Executive Compensation For For Management 4 Adopt Cumulative Voting Against Against Shareholder 5 Eliminate Supermajority Vote Against For Shareholder 6 Create Board Committee on U.S. Economic Against Against Shareholder Security 7 Review/Report on Political Against Against Shareholder Contributions 1A Elect Nominee - LLOYD C. BLANKFEIN For For Management 1B Elect Nominee - JOHN H. BRYAN For For Management 1C Elect Nominee - GARY D. COHN For For Management 1D Elect Nominee - CLAES DAHLBACK For For Management 1E Elect Nominee - STEPHEN FRIEDMAN For For Management 1F Elect Nominee - WILLIAM W. GEORGE For For Management 1G Elect Nominee - RAJAT K. GUPTA For For Management 1H Elect Nominee - JAMES A. JOHNSON For For Management 1I Elect Nominee - LOIS D. JULIBER For For Management 1J Elect Nominee - LAKSHMI N. MITTAL For For Management 1K Elect Nominee - JAMES J. SCHIRO For For Management 1L Elect Nominee - RUTH J. SIMMONS For For Management - -------------------------------------------------------------------------------- IAC INTERACTIVECORP Ticker: IACI Security ID: 44919P508 Meeting Date: JUN 15, 2009 Meeting Type: A Record Date: MAY 4, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - EDGAR BRONFMAN, JR. For For Management 1.10 Elect Nominee - A. VON FURSTENBERG For Withhold Management 1.11 Elect Nominee - MICHAEL P. ZEISSER For For Management 1.2 Elect Nominee - BARRY DILLER For For Management 1.3 Elect Nominee - VICTOR A. KAUFMAN For For Management 1.4 Elect Nominee - DONALD R. KEOUGH* For For Management 1.5 Elect Nominee - BRYAN LOURD* For For Management 1.6 Elect Nominee - JOHN C. MALONE For For Management 1.7 Elect Nominee - ARTHUR C. MARTINEZ For For Management 1.8 Elect Nominee - DAVID ROSENBLATT For For Management 1.9 Elect Nominee - ALAN G. SPOON* For For Management 2 Approve Stock Grants For Against Management 3 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- KROGER CO Ticker: KR Security ID: 501044101 Meeting Date: JUN 25, 2009 Meeting Type: A Record Date: APR 27, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Review/Report on Animal Welfare Against Against Shareholder 4 Adopt Majority Vote to Elect Directors Against For Shareholder 1A Elect Nominee - REUBEN V. ANDERSON For For Management 1B Elect Nominee - ROBERT D. BEYER For For Management 1C Elect Nominee - DAVID B. DILLON For For Management 1D Elect Nominee - SUSAN J. KROPF For For Management 1E Elect Nominee - JOHN T. LAMACCHIA For For Management 1F Elect Nominee - DAVID B. LEWIS For For Management 1G Elect Nominee - DON W. MCGEORGE For For Management 1H Elect Nominee - W. RODNEY MCMULLEN For For Management 1I Elect Nominee - JORGE P. MONTOYA For For Management 1J Elect Nominee - CLYDE R. MOORE For For Management 1K Elect Nominee - SUSAN M. PHILLIPS For For Management 1L Elect Nominee - STEVEN R. ROGEL For For Management 1M Elect Nominee - JAMES A. RUNDE For For Management 1N Elect Nominee - RONALD L. SARGENT For For Management 1O Elect Nominee - BOBBY S. SHACKOULS For For Management - -------------------------------------------------------------------------------- NII HOLDINGS INC Ticker: NIHD Security ID: 62913F201 Meeting Date: MAY 12, 2009 Meeting Type: A Record Date: MAR 20, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - GEORGE A. COPE For For Management 1.2 Elect Nominee - RAYMOND P. DOLAN For For Management 1.3 Elect Nominee - CAROLYN KATZ For For Management 2 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- PETROLEO BRASILEIRO SA PETRO Ticker: PBR Security ID: 71654V408 Meeting Date: APR 8, 2009 Meeting Type: A Record Date: MAR 23, 2009 # Proposal Mgt Rec Vote Cast Sponsor I Approve Management Report For For Management II Approve Financial Statements/Reports For For Management III Approve Financial Statements/Reports For For Management IV Elect/Appoint Board Slate For For Management V Appoint Chairman For For Management VI Approve Appointment of Audit Committee For For Management Members VII Approve Directors' Remuneration For For Management - -------------------------------------------------------------------------------- SEMPRA ENERGY Ticker: SRE Security ID: 816851109 Meeting Date: APR 30, 2009 Meeting Type: A Record Date: MAR 2, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Nominee - JAMES G. BROCKSMITH JR. For For Management 2 Elect Nominee - RICHARD A. COLLATO For For Management 3 Elect Nominee - DONALD E. FELSINGER For For Management 4 Elect Nominee - WILFORD D. GODBOLD JR. For For Management 5 Elect Nominee - WILLIAM D. JONES For For Management 6 Elect Nominee - RICHARD G. NEWMAN For For Management 7 Elect Nominee - WILLIAM G. OUCHI For For Management 8 Elect Nominee - CARLOS RUIZ For For Management 9 Elect Nominee - WILLIAM C. RUSNACK For For Management 10 Elect Nominee - WILLIAM P. RUTLEDGE For For Management 11 Elect Nominee - LYNN SCHENK For For Management 12 Elect Nominee - NEAL E. SCHMALE For For Management 13 Ratify Appointment of Auditors For For Management 14 Allow Advisory Vote on Executive Against Against Shareholder Compensation 15 Approve Reincorporation Against Against Shareholder - -------------------------------------------------------------------------------- SIRIUS XM RADIO INC Ticker: SIRI Security ID: 82967N108 Meeting Date: MAY 27, 2009 Meeting Type: A Record Date: MAR 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Increase Common Stock For For Management 3 Approve Reverse Stock Split For For Management 4 Approve 2009 Long-Term Stock Incentive For Against Management Plan 5 Ratify Appointment of Auditors For For Management 6 Allow Advisory Vote on Executive Against Against Shareholder Compensation 1A Elect Nominee - JOAN L. AMBLE For For Management 1B Elect Nominee - LEON D. BLACK For Against Management 1C Elect Nominee - LAWRENCE F. GILBERTI For For Management 1D Elect Nominee - EDDY W. HARTENSTEIN For For Management 1E Elect Nominee - JAMES P. HOLDEN For For Management 1F Elect Nominee - CHESTER A. HUBER, JR. For For Management 1G Elect Nominee - MEL KARMAZIN For For Management 1H Elect Nominee - JOHN W. MENDEL For For Management 1I Elect Nominee - JAMES F. MOONEY For Abstain Management 1J Elect Nominee - GARY M. PARSONS For For Management 1K Elect Nominee - JACK SHAW For For Management 1L Elect Nominee - JEFFREY D. ZIENTS For For Management - -------------------------------------------------------------------------------- SLM CORP Ticker: SLM Security ID: 78442P106 Meeting Date: MAY 22, 2009 Meeting Type: A Record Date: MAR 23, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Approve Directors Equity Plan For For Management 3 Approve 2009-2012 Incentive Plan For For Management 4 Ratify Appointment of Auditors For For Management 1A Elect Nominee - ANN TORRE BATES For For Management 1B Elect Nominee - WILLIAM M. For For Management DIEFENDERFER, III 1C Elect Nominee - DIANE SUITT GILLELAND For For Management 1D Elect Nominee - EARL A. GOODE For For Management 1E Elect Nominee - RONALD F. HUNT For For Management 1F Elect Nominee - ALBERT L. LORD For For Management 1G Elect Nominee - MICHAEL E. MARTIN For For Management 1H Elect Nominee - BARRY A. MUNITZ For For Management 1I Elect Nominee - HOWARD H. NEWMAN For For Management 1J Elect Nominee - A. ALEXANDER PORTER, For For Management JR. 1K Elect Nominee - FRANK C. PULEO For For Management 1L Elect Nominee - WOLFGANG SCHOELLKOPF For For Management 1M Elect Nominee - STEVEN L. SHAPIRO For For Management 1N Elect Nominee - J. TERRY STRANGE For For Management 1O Elect Nominee - ANTHONY P. TERRACCIANO For For Management 1P Elect Nominee - BARRY L. WILLIAMS For For Management - -------------------------------------------------------------------------------- SOUTHWESTERN ENERGY CO Ticker: SWN Security ID: 845467109 Meeting Date: MAY 19, 2009 Meeting Type: A Record Date: MAR 23, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Nominee - LEWIS E. EPLEY, JR. For For Management 1.2 Elect Nominee - ROBERT L. HOWARD For For Management 1.3 Elect Nominee - HAROLD M. KORELL For For Management 1.4 Elect Nominee - VELLO A. KUUSKRAA For For Management 1.5 Elect Nominee - KENNETH R. MOURTON For For Management 1.6 Elect Nominee - CHARLES E. SCHARLAU For For Management 2 Ratify Appointment of Auditors For For Management - -------------------------------------------------------------------------------- WASTE MANAGEMENT INC Ticker: WMI Security ID: 94106L109 Meeting Date: MAY 8, 2009 Meeting Type: A Record Date: MAR 11, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Add Shares to Employee Stock Purchase For For Management Plan 4 Approve 2009 Stock Incentive Plan For For Management 5 Review/Report on Political Against Against Shareholder Contributions 6 Eliminate Supermajority Vote Against For Shareholder 1A Elect Nominee - PASTORA SAN JUAN For For Management CAFFERTY 1B Elect Nominee - FRANK M. CLARK, JR. For For Management 1C Elect Nominee - PATRICK W. GROSS For For Management 1D Elect Nominee - JOHN C. POPE For For Management 1E Elect Nominee - W. ROBERT REUM For For Management 1F Elect Nominee - STEVEN G. ROTHMEIER For For Management 1G Elect Nominee - DAVID P. STEINER For For Management 1H Elect Nominee - THOMAS H. WEIDEMEYER For For Management - -------------------------------------------------------------------------------- WILLIAMS COS INC Ticker: WMB Security ID: 969457100 Meeting Date: MAY 21, 2009 Meeting Type: A Record Date: MAR 30, 2009 # Proposal Mgt Rec Vote Cast Sponsor 2 Ratify Appointment of Auditors For For Management 3 Eliminate Classified Board Against For Shareholder 1A Elect Nominee - IRL F. ENGELHARDT For For Management 1B Elect Nominee - WILLIAM E. GREEN For For Management 1C Elect Nominee - W.R. HOWELL For For Management 1D Elect Nominee - GEORGE A. LORCH 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 20/20 Focus Fund By /s/ Judy A. Rice* (Jonathan D. Shain) Judy A. Rice, President *By 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 27, 2009