UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF Scudder Focus Value Plus Growth Fund Investment Company Act file number 811-7331 Scudder Focus Value Plus Growth Fund (Exact name of registrant as specified in charter) 222 South Riverside Plaza Chicago, IL 60606 (Address of principal executive offices) (Zip code) John Millette Secretary Two International Place Boston, MA 02110 (Name and address of agent for service) Registrant's telephone number, including area code: 617-295-1000 Date of fiscal year end: 11/30 ------- Date of reporting period: 7/1/03-6/30/04 ---------------- Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ProxyEdge - Investment Company Report Report Date: 08/03/2004 Meeting Date Range: 07/01/2003 to 06/30/2004 Selected Accounts: Scudder Focus Value + Growth - ------------------------------------------------------------------------------------------------------------------------------------ DELL COMPUTER CORPORATION DELL Annual Meeting Date: 07/18/2003 Issuer: 247025 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 DECLASSIFY BOARD Management For No 03 APPROVE COMPANY NAME CHANGE Management For No 04 ADOPT OMNIBUS STOCK OPTION PLAN Management For No - ------------------------------------------------------------------------------------------------------------------------------------ XILINX, INC. XLNX Annual Meeting Date: 08/07/2003 Issuer: 983919 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ KLA-TENCOR CORPORATION KLAC Annual Meeting Date: 11/05/2003 Issuer: 482480 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ CISCO SYSTEMS, INC. CSCO Annual Meeting Date: 11/11/2003 Issuer: 17275R ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 AMEND STOCK PURCHASE PLAN TO INCREASE SHARES Management For No 03 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 04 S/H PROPOSAL - BUSINESS/INVESTMENT Shareholder Against No 05 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ MICROSOFT CORPORATION MSFT Annual Meeting Date: 11/11/2003 Issuer: 594918 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 AMEND OMNIBUS STOCK OPTION PLAN Management Against Yes 03 AMEND NON-EMPLOYEE DIRECTOR PLAN Management Against Yes 04 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ BJ SERVICES COMPANY BJS Annual Meeting Date: 01/22/2004 Issuer: 055482 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 ADOPT INCENTIVE STOCK OPTION PLAN Management For No 03 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL RECTIFIER CORPORATION IRF Special Meeting Date: 01/26/2004 Issuer: 460254 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 APPROVE AUTHORIZED COMMON STOCK INCREASE Shareholder Against Yes - ------------------------------------------------------------------------------------------------------------------------------------ BECTON, DICKINSON AND COMPANY BDX Annual Meeting Date: 02/11/2004 Issuer: 075887 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT OMNIBUS STOCK OPTION PLAN Management For No 04 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ AGILENT TECHNOLOGIES, INC. A Annual Meeting Date: 03/02/2004 Issuer: 00846U ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ FLEETBOSTON FINANCIAL CORPORATION FBF Special Meeting Date: 03/17/2004 Issuer: 339030 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 APPROVE MERGER AGREEMENT Management 02 APPROVE MOTION TO ADJOURN MEETING Management - ------------------------------------------------------------------------------------------------------------------------------------ TYCO INTERNATIONAL LTD. TYC Annual Meeting Date: 03/25/2004 Issuer: 902124 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 AMEND ARTICLES/BYLAW/CHARTER-ORGANIZATION RELATED Management For No 04 ADOPT OMNIBUS STOCK OPTION PLAN Management For No 05 S/H PROPOSAL - REQUIRE ENVIRONMENTAL REPORTING Shareholder For No 06 S/H PROPOSAL - REINCORPORATE IN OTHER STATE Shareholder Against No 07 S/H PROPOSAL - CHANGE COMPENSATION STRUCTURE Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ STARBUCKS CORPORATION SBUX Annual Meeting Date: 03/30/2004 Issuer: 855244 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ FEDERAL HOME LOAN MORTGAGE CORPORATI FRE Annual Meeting Date: 03/31/2004 Issuer: 313400 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ TEXAS INSTRUMENTS INCORPORATED TXN Annual Meeting Date: 04/15/2004 Issuer: 882508 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - FORM SHAREHOLDER ADVISORY COMMITTEE Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ GENENTECH, INC. DNA Consent Meeting Date: 04/16/2004 Issuer: 368710 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 APPROVE CHARTER AMENDMENT Management Against Yes 02 ELECTION OF DIRECTORS Management For No 2B1 CHANGE STOCK EXCHANGE LISTING Management Abstain 2B2 CHANGE STOCK EXCHANGE LISTING Management Abstain 2B3 CHANGE STOCK EXCHANGE LISTING Management Abstain 03 APPROVE AUTHORIZED COMMON STOCK INCREASE Shareholder For No 04 ADOPT OMNIBUS STOCK OPTION PLAN Management Against Yes 05 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ CITIGROUP INC. C Annual Meeting Date: 04/20/2004 Issuer: 172967 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - LIMIT COMPENSATION Shareholder Against No 04 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 05 S/H PROPOSAL - DECLASSIFY BOARD Shareholder Against No 06 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ U.S. BANCORP USB Annual Meeting Date: 04/20/2004 Issuer: 902973 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No 04 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No 05 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ WASHINGTON MUTUAL, INC. WM Annual Meeting Date: 04/20/2004 Issuer: 939322 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ MEDCO HEALTH SOLUTIONS, INC. MHS Annual Meeting Date: 04/21/2004 Issuer: 58405U ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ STATE STREET CORPORATION STT Annual Meeting Date: 04/21/2004 Issuer: 857477 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ PFIZER INC. PFE Annual Meeting Date: 04/22/2004 Issuer: 717081 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT STOCK OPTION PLAN Management For No 04 S/H PROPOSAL - HEALTH ISSUES Shareholder Against No 05 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 06 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 07 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No 08 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 09 S/H PROPOSAL - FORM SHAREHOLDER ADVISORY COMMITTEE Shareholder Against No 10 S/H PROPOSAL - HEALTH ISSUES Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ SOVEREIGN BANCORP, INC. SOV Annual Meeting Date: 04/22/2004 Issuer: 845905 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 APPROVE AUTHORIZED COMMON STOCK INCREASE Shareholder For No 04 ADOPT OMNIBUS STOCK OPTION PLAN Management For No 05 ADOPT OMNIBUS STOCK OPTION PLAN Management For No - ------------------------------------------------------------------------------------------------------------------------------------ MERRILL LYNCH & CO., INC. MER Annual Meeting Date: 04/23/2004 Issuer: 590188 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - ADOPT CUMULATIVE VOTING Shareholder Against No 04 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN EXPRESS COMPANY AXP Annual Meeting Date: 04/26/2004 Issuer: 025816 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No 04 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ MERCK & CO., INC. MRK Annual Meeting Date: 04/27/2004 Issuer: 589331 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 DECLASSIFY BOARD Management For No 04 S/H PROPOSAL - LIMIT COMPENSATION Shareholder Against No 05 S/H PROPOSAL - HEALTH ISSUES Shareholder Against No 06 S/H PROPOSAL - REQUIRE SHAREHOLDER APPROVAL OF Shareholder Against No BUSINESS COMBINATION 07 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 08 S/H PROPOSAL - HEALTH ISSUES Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ SCHERING-PLOUGH CORPORATION SGP Annual Meeting Date: 04/27/2004 Issuer: 806605 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT INCENTIVE STOCK OPTION PLAN Management For No - ------------------------------------------------------------------------------------------------------------------------------------ THE PNC FINANCIAL SERVICES GROUP, IN PNC Annual Meeting Date: 04/27/2004 Issuer: 693475 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ GENERAL ELECTRIC COMPANY GE Annual Meeting Date: 04/28/2004 Issuer: 369604 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 0A ELECTION OF DIRECTORS Management For No 0B RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 0C ADOPT/AMEND EXECUTIVE INCENTIVE BONUS PLAN Management For No 01 S/H PROPOSAL - ADOPT CUMULATIVE VOTING Shareholder For Yes 02 S/H PROPOSAL - ANIMAL RIGHTS Shareholder Against No 03 S/H PROPOSAL - OPT OUT OF ANTI-TAKEOVER STATUTE Shareholder Against No 04 S/H PROPOSAL - HEALTH ISSUES Shareholder Against No 05 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 06 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 07 S/H PROPOSAL - ELIMINATE CUMULATIVE VOTING Shareholder For Yes 08 S/H PROPOSAL - RESCIND OR ALLOW SHAREHOLDER TO Shareholder Against No RATIFY POISON PILL 09 S/H PROPOSAL - LIMIT COMPENSATION Shareholder Against No 10 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 11 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder For Yes 12 S/H PROPOSAL - ENHANCE STOCK VALUE VIA MERGER/SALE Shareholder Against No 13 S/H PROPOSAL - OVERRIDE CSA VOTE RESTRICTIONS Shareholder Against No 14 S/H PROPOSAL - REQUIRE MAJORITY OF DIRECTORS Shareholder Against No TO BE INDEPENDENT 15 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ PIPER JAFFRAY COMPANIES Annual Meeting Date: 04/28/2004 Issuer: 724078 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 AMEND LONG TERM INCENTIVE PLAN Management Against Yes 03 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ ALTRIA GROUP, INC. MO Annual Meeting Date: 04/29/2004 Issuer: 02209S ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - TOBACCO Shareholder Against No 04 S/H PROPOSAL - TOBACCO Shareholder Against No 05 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 06 S/H PROPOSAL - TOBACCO Shareholder Against No 07 S/H PROPOSAL - TOBACCO Shareholder Against No 08 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ BRISTOL-MYERS SQUIBB COMPANY BMY Annual Meeting Date: 05/04/2004 Issuer: 110122 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 04 S/H PROPOSAL - POLITICAL/GOVERNMENT Shareholder Against No 05 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder For Yes 06 S/H PROPOSAL - HEALTH ISSUES Shareholder Against No 07 S/H PROPOSAL - PROXY PROCESS/STATEMENT Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ QUEST DIAGNOSTICS INCORPORATED DGX Annual Meeting Date: 05/04/2004 Issuer: 74834L ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ UST INC. UST Annual Meeting Date: 05/04/2004 Issuer: 902911 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 CHANGE STOCK EXCHANGE LISTING Management For 04 S/H PROPOSAL - TOBACCO Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ KERR-MCGEE CORPORATION KMG Annual Meeting Date: 05/11/2004 Issuer: 492386 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ LABORATORY CORP. OF AMERICA HOLDINGS LH Annual Meeting Date: 05/12/2004 Issuer: 50540R ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 AMEND STOCK PURCHASE PLAN Management For No 03 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ UNIVISION COMMUNICATIONS INC. UVN Annual Meeting Date: 05/12/2004 Issuer: 914906 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT OMNIBUS STOCK OPTION PLAN Management For No - ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN INTERNATIONAL GROUP, INC. AIG Annual Meeting Date: 05/19/2004 Issuer: 026874 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 ADOPT OMNIBUS STOCK OPTION PLAN Management For No 03 ADOPT DIRECTOR STOCK OPTION PLAN Management For No 04 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 05 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 06 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 07 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ INTEL CORPORATION INTC Annual Meeting Date: 05/19/2004 Issuer: 458140 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT INCENTIVE STOCK OPTION PLAN Management For No 04 S/H PROPOSAL - FORM SHAREHOLDER ADVISORY COMMITTEE Shareholder For Yes 05 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No 06 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ BORDERS GROUP, INC. BGP Annual Meeting Date: 05/20/2004 Issuer: 099709 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 ADOPT OMNIBUS STOCK OPTION PLAN Management Against Yes 03 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ TIFFANY & CO. TIF Annual Meeting Date: 05/20/2004 Issuer: 886547 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No - ------------------------------------------------------------------------------------------------------------------------------------ ELECTRONIC DATA SYSTEMS CORPORATION EDS Annual Meeting Date: 05/25/2004 Issuer: 285661 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes 04 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes 05 S/H PROPOSAL - PROXY PROCESS/STATEMENT Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ FANNIE MAE FNM Annual Meeting Date: 05/25/2004 Issuer: 313586 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 AMEND STOCK PURCHASE PLAN Management For No 04 S/H PROPOSAL - ADOPT CUMULATIVE VOTING Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ GILEAD SCIENCES, INC. GILD Annual Meeting Date: 05/25/2004 Issuer: 375558 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT INCENTIVE STOCK OPTION PLAN Management For No 04 APPROVE AUTHORIZED COMMON STOCK INCREASE Shareholder Against Yes - ------------------------------------------------------------------------------------------------------------------------------------ J.P. MORGAN CHASE & CO. JPM Annual Meeting Date: 05/25/2004 Issuer: 46625H ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 APPROVE MERGER AGREEMENT Management For No 02 ELECTION OF DIRECTORS Management For No 03 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 04 ADOPT OMNIBUS STOCK OPTION PLAN Management For No 05 APPROVE MOTION TO ADJOURN MEETING Management Against Yes 06 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No 07 S/H PROPOSAL - ESTABLISH NOMINATING COMMITTEE Shareholder Against No 08 S/H PROPOSAL - REPORT ON CHARITABLE DONATIONS Shareholder Against No 09 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder For Yes 10 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 11 S/H PROPOSAL - RESTORE PREEMPTIVE RIGHTS Shareholder Against No 12 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No 13 S/H PROPOSAL - ELIMINATE PREEMPTIVE RIGHTS Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ BANK OF AMERICA CORPORATION BAC Annual Meeting Date: 05/26/2004 Issuer: 060505 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 04 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No 05 S/H PROPOSAL - ESTABLISH NOMINATING COMMITTEE Shareholder Against No 06 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No 07 MISCELLANEOUS SHAREHOLDER PROPOSAL Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ HCA INC. HCA Annual Meeting Date: 05/27/2004 Issuer: 404119 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 AMEND STOCK PURCHASE PLAN Management For No - ------------------------------------------------------------------------------------------------------------------------------------ THE HOME DEPOT, INC. HD Annual Meeting Date: 05/27/2004 Issuer: 437076 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No 04 S/H PROPOSAL - RESCIND OR ALLOW SHAREHOLDER TO Shareholder For Yes RATIFY POISON PILL 05 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder Against No 06 S/H PROPOSAL - HUMAN RIGHTS RELATED Shareholder Against No 07 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes 08 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ DEVON ENERGY CORPORATION DVN Annual Meeting Date: 06/08/2004 Issuer: 25179M ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 S/H PROPOSAL - BOARD OF DIRECTORS Shareholder Against No - ------------------------------------------------------------------------------------------------------------------------------------ STAPLES, INC. SPLS Annual Meeting Date: 06/17/2004 Issuer: 855030 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: MUTUAL FUNDS Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 INCENTIVE STOCK OPTIONS Management Against Yes 03 AMEND STOCK PURCHASE PLAN Management For No 04 AMEND STOCK PURCHASE PLAN Management For No 05 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 06 S/H PROPOSAL - CORPORATE GOVERNANCE Shareholder For Yes 07 S/H PROPOSAL - RESCIND OR ALLOW SHAREHOLDER TO Shareholder For Yes RATIFY POISON PILL 08 S/H PROPOSAL - REINCORPORATE OUT OF DELAWARE Shareholder Against No 09 S/H PROPOSAL - RESTORE PREEMPTIVE RIGHTS Shareholder Abstain Yes - ------------------------------------------------------------------------------------------------------------------------------------ BEST BUY CO., INC. BBY Annual Meeting Date: 06/24/2004 Issuer: 086516 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 03 ADOPT OMNIBUS STOCK OPTION PLAN Management For No - ------------------------------------------------------------------------------------------------------------------------------------ EBAY INC. EBAY Annual Meeting Date: 06/24/2004 Issuer: 278642 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 ELECTION OF DIRECTORS Management For No 02 AMEND INCENTIVE STOCK OPTION PLAN TO INCREASE Management Against Yes SHARES 03 AMEND INCENTIVE STOCK OPTION PLAN TO INCREASE Management Against Yes SHARES 04 APPROVE AUTHORIZED COMMON STOCK INCREASE Shareholder For No 05 RATIFY APPOINTMENT OF INDEPENDENT AUDITORS Management For No 06 S/H PROPOSAL - FORM SHAREHOLDER ADVISORY COMMITTEE Shareholder For Yes - ------------------------------------------------------------------------------------------------------------------------------------ KERR-MCGEE CORPORATION KMG Special Meeting Date: 06/25/2004 Issuer: 492386 ISIN: SEDOL: - ------------------------------------------------------------------------------------------------------------------------------------ Vote Group: UNASSIGNED Proposal Proposal Vote Against Number Proposal Type Cast Mgmt. - ------------------------------------------------------------------------------------------------------------------------------------ 01 APPROVE MERGER AGREEMENT Management For No SIGNATURES [See General Instruction F] 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) Scudder Focus Value Plus Growth Fund By (Signature and Title)* /s/Julian Sluyters ----------------------------------------------- Julian Sluyters, Chief Executive Officer Date 8/18/04 --------- * Print the name and title of each signing officer under his or her signature.