FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
COMPANY
Investment Company Act file number: 811-568
Value Line Fund, Inc.
- -------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
220 E. 42 Street, New York, NY 10017
- -------------------------------------------------------------------------
(Address of principal executive offices)
David T. Henigson
- -------------------------------------------------------------------------
(Name and address of agent for service)
Registrant's telephone number, including area code:212-907-1500
Date of Fiscal year-end: 12/31/2004
Date of reporting period: 7/1/2003 - 6/30/2004
Item 1. Proxy Voting Record
Account Number: 25
ISSUER NAME
TICKER
CUSIP
MTG DATE
MTG TYPE
Proposal
Type
Vote
d?
Vote
For/Agnst
Mgmt
Affymetrix
AFFX
00826T108
6/10/04
Annual
1.01
Elect Stephen P.A. Fodor
MGMT
YES
FOR
FOR
1.02
Elect Paul Berg
MGMT
YES
FOR
FOR
1.03
Elect John D. Diekman
MGMT
YES
FOR
FOR
1.04
Elect Vernon R. Loucks Jr.
MGMT
YES
FOR
FOR
1.05
Elect Susan E. Siegel
MGMT
YES
FOR
FOR
1.06
Elect David B. Singer
MGMT
YES
FOR
FOR
1.07
Elect John A. Young
MGMT
YES
FOR
FOR
2.00
Amend Stock Option Plan
MGMT
YES
ABST
AIN
AGNST
Add Shares to Stock Option Plan
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Agilent Technologies
A
00846U101
3/2/04
Annual
1.01
Elect James G. Cullen
MGMT
YES
FOR
FOR
1.02
Elect Robert L. Joss
MGMT
YES
FOR
FOR
1.03
Elect Walter B. Hewlett
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Airgas
ARG
009363102
7/29/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Adopt Employee Stock Purchase
Plan
MGMT
YES
AGNS
T
AGNST
3.00
Approve Annual Bonus Plan
MGMT
YES
FOR
FOR
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
American International
Group
AIG
026874107
5/19/04
Annual
1.01
Elect M. Bernard Aidinoff
MGMT
YES
FOR
FOR
1.02
Elect Pei-Yuan Chia
MGMT
YES
FOR
FOR
1.03
Elect Marshall A. Cohen
MGMT
YES
FOR
FOR
1.04
Elect William S. Cohen
MGMT
YES
FOR
FOR
1.05
Elect Martin S. Feldstein
MGMT
YES
FOR
FOR
1.06
Elect Ellen V. Futter
MGMT
YES
FOR
FOR
1.07
Elect Maurice R. Greenberg
MGMT
YES
FOR
FOR
1.08
Elect Carla A. Hills
MGMT
YES
FOR
FOR
1.09
Elect Frank J. Hoenemeyer
MGMT
YES
FOR
FOR
1.10
Elect Richard C. Holbrooke
MGMT
YES
FOR
FOR
1.11
Elect Donald P. Kanak
MGMT
YES
FOR
FOR
1.12
Elect Howard I. Smith
MGMT
YES
FOR
FOR
1.13
Elect Martin J. Sullivan
MGMT
YES
FOR
FOR
1.14
Elect Edmund S.W. Tse
MGMT
YES
FOR
FOR
1.15
Elect Frank G. Zarb
MGMT
YES
FOR
FOR
2.00
Approve Annual Bonus Plan
MGMT
YES
FOR
FOR
3.00
Adopt Director Stock Award Plan
MGMT
YES
FOR
FOR
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
5.00
Review Political Spending
SHLDR
YES
FOR
AGNST
6.00
Sever Links with Tobacco
Industry
SHLDR
YES
AGNS
T
FOR
7.00
Link Executive Pay to Social
Criteria
SHLDR
YES
AGNS
T
FOR
Apache
APA
037411105
12/18/03
Special
1.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
Applied Materials
AMAT
038222105
3/24/04
Annual
1.01
Elect Michael H. Armacost
MGMT
YES
FOR
FOR
1.02
Elect Deborah A. Coleman
MGMT
YES
FOR
FOR
1.03
Elect Herbert M. Dwight Jr.
MGMT
YES
FOR
FOR
1.04
Elect Philip V. Gerdine
MGMT
YES
FOR
FOR
1.05
Elect Paul R. Low
MGMT
YES
FOR
FOR
1.06
Elect Dan Maydan
MGMT
YES
FOR
FOR
1.07
Elect Steven L. Miller
MGMT
YES
FOR
FOR
1.08
Elect James C. Morgan
MGMT
YES
FOR
FOR
1.09
Elect Gerhard Parker
MGMT
YES
FOR
FOR
1.10
Elect Michael R. Splinter
MGMT
YES
FOR
FOR
2.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
Amend Stock Option Plan
Amend Director Stock Option Plan
Armor Holdings Inc
AH
042260109
6/22/04
Annual
1.01
Elect Warren B. Kanders
MGMT
YES
FOR
FOR
1.02
Elect Burtt R. Ehrlich
MGMT
YES
FOR
FOR
1.03
Elect David R. Haas
MGMT
YES
FOR
FOR
1.04
Elect Nicholas Sokolow
MGMT
YES
FOR
FOR
1.05
Elect Thomas W. Strauss
MGMT
YES
FOR
FOR
1.06
Elect Deborah Zoullas
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
Autodesk Inc
ADSK
052769106
6/17/04
Annual
1.01
Elect Carol A. Bartz
MGMT
YES
FOR
FOR
1.02
Elect Mark A. Bertelsen
MGMT
YES
FOR
FOR
1.03
Elect Crawford W. Beveridge
MGMT
YES
FOR
FOR
1.04
Elect J. Hallam Dawson
MGMT
YES
FOR
FOR
1.05
Elect Michael J. Fister
MGMT
YES
FOR
FOR
1.06
Elect Per-Kristian Halvorsen
MGMT
YES
FOR
FOR
1.07
Elect Steven L. Scheid
MGMT
YES
FOR
FOR
1.08
Elect Mary Alice Taylor
MGMT
YES
FOR
FOR
1.09
Elect Larry W. Wangberg
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Require Option Shares to Be Held
SHLDR
YES
ABST
AIN
AGNST
Autoliv
ALV
052800109
4/27/04
Annual
1.01
Elect Per Olof Aronson
MGMT
YES
FOR
FOR
1.02
Elect Walter Kunerth
MGMT
YES
FOR
FOR
1.03
Elect Lars Westerberg
MGMT
YES
FOR
FOR
2.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Barnes & Noble Inc
BKS
067774109
6/2/04
Annual
1.01
Elect Leonard Riggio
MGMT
YES
FOR
FOR
1.02
Elect Michael J. Del Giudice
MGMT
YES
FOR
FOR
1.03
Elect William Sheluck Jr.
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Approve Annual Bonus Plan
MGMT
YES
FOR
FOR
4.00
Give Board Authority to Set
Board Size
MGMT
YES
AGNS
T
AGNST
5.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Cerner Corp
CERN
156782104
5/28/04
Annual
1.01
Elect Gerald E. Bisbee Jr.
MGMT
YES
FOR
FOR
1.02
Elect Michael E. Herman
MGMT
YES
FOR
FOR
1.03
Elect Nancy-Ann DeParle
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Cisco Systems
CSCO
17275R102
11/11/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Adopt Employee Stock Purchase
Plan
MGMT
YES
AGNS
T
AGNST
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
4.00
Misc. Human/Political Rights
Proposal
SHLDR
YES
ABST
AIN
AGNST
5.00
Restrict Executive Compensation
SHLDR
YES
AGNS
T
FOR
Citigroup
C
172967101
4/20/04
Annual
1.01
Elect C. Michael Armstrong
MGMT
YES
FOR
FOR
1.02
Elect Alain J.P. Belda
MGMT
YES
FOR
FOR
1.03
Elect George David
MGMT
YES
FOR
FOR
1.04
Elect Kenneth T. Derr
MGMT
YES
FOR
FOR
1.05
Elect John M. Deutch
MGMT
YES
FOR
FOR
1.06
Elect Roberto H. Ramirez
MGMT
YES
FOR
FOR
1.07
Elect Ann Dibble Jordan
MGMT
YES
FOR
FOR
1.08
Elect Dudley C. Mecum II
MGMT
YES
FOR
FOR
1.09
Elect Richard D. Parsons
MGMT
YES
FOR
FOR
1.10
Elect Andrall E. Pearson
MGMT
YES
FOR
FOR
1.11
Elect Charles Prince
MGMT
YES
FOR
FOR
1.12
Elect Robert E. Rubin
MGMT
YES
FOR
FOR
1.13
Elect Franklin A. Thomas
MGMT
YES
FOR
FOR
1.14
Elect Sanford I. Weill
MGMT
YES
FOR
FOR
1.15
Elect Robert B. Willumstad
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Restrict Executive Compensation
SHLDR
YES
AGNS
T
FOR
4.00
Review Political Spending
SHLDR
YES
FOR
AGNST
5.00
Restrict Executive Compensation
SHLDR
YES
AGNS
T
FOR
6.00
Independent Board Chairman
SHLDR
YES
AGNS
T
FOR
CNET Networks
CNET
12613R104
5/4/04
Annual
1.01
Elect John C. Colligan
MGMT
YES
FOR
FOR
1.02
Elect Jarl Mohn
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Cognizant Technology
Solutions
CTSH
192446102
5/26/04
Annual
1.01
Elect Lakshmi Narayanan
MGMT
YES
FOR
FOR
1.02
Elect John E. Klein
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
Eliminate Dual Class Stock
3.00
Amend Stock Option Plan
MGMT
YES
ABST
AIN
AGNST
Add Shares to Stock Option Plan
4.00
Adopt Employee Stock Purchase
Plan
MGMT
YES
AGNS
T
AGNST
5.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Cott
COT
22163N106
4/27/04
Annual
1.00
Elect Colin J. Adair
MGMT
YES
FOR
FOR
2.00
Elect W. John Bennett
MGMT
YES
FOR
FOR
3.00
Elect C. Hunter Boll
MGMT
YES
FOR
FOR
4.00
Elect Serge Gouin
MGMT
YES
FOR
FOR
5.00
Elect Thomas M. Hagerty
MGMT
YES
FOR
FOR
6.00
Elect Stephen H. Halperin
MGMT
YES
FOR
FOR
7.00
Elect David V. Harkins
MGMT
YES
FOR
FOR
8.00
Elect Philip B. Livingston
MGMT
YES
FOR
FOR
9.00
Elect Christine Magee
MGMT
YES
FOR
FOR
10.00
Elect John K. Sheppard
MGMT
YES
FOR
FOR
11.00
Elect Donald G. Watt
MGMT
YES
FOR
FOR
12.00
Elect Frank E. Weiss III
MGMT
YES
FOR
FOR
13.00
Appoint Outside Auditors
MGMT
YES
FOR
FOR
14.00
Approve Executive Profit
Sharing/Bonus Plan
MGMT
YES
ABST
AIN
AGNST
15.00
Amend Stock Option Plan
MGMT
YES
ABST
AIN
AGNST
DAVITA Inc
DVA
23918K108
5/24/04
Annual
1.01
Elect Nancy-Ann DeParle
MGMT
YES
FOR
FOR
1.02
Elect Richard B. Fontaine
MGMT
YES
FOR
FOR
1.03
Elect Peter T. Grauer
MGMT
YES
FOR
FOR
1.04
Elect Michele J. Hooper
MGMT
YES
FOR
FOR
1.05
Elect C. Raymond Larkin Jr.
MGMT
YES
FOR
FOR
1.06
Elect John M. Nehra
MGMT
YES
FOR
FOR
1.07
Elect William L. Roper
MGMT
YES
FOR
FOR
1.08
Elect Kent J. Thiry
MGMT
YES
FOR
FOR
2.00
Approve Other Business
MGMT
YES
FOR
FOR
E Trade Financial Corp
ET
269246104
5/27/04
Annual
1.01
Elect Ronald D. Fisher
MGMT
YES
FOR
FOR
1.02
Elect George Hayter
MGMT
YES
FOR
FOR
1.03
Elect Donna L. Weaver
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Education Management
EDMC
28139T101
11/20/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Electronic Arts
ERTS
285512109
7/31/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Add Shares to Employee Stock
Purchase Plan
MGMT
YES
AGNS
T
AGNST
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Engineered Support Systems
EASI
292866100
3/2/04
Annual
1.01
Elect William H.T. Bush
MGMT
YES
FOR
FOR
1.02
Elect Gerald E. Daniels
MGMT
YES
FOR
FOR
1.03
Elect Ronald W. Davis
MGMT
YES
FOR
FOR
1.04
Elect S. Lee Kling
MGMT
YES
FOR
FOR
1.05
Elect Crosbie E. Saint
MGMT
YES
FOR
FOR
1.06
Elect Earl W. Wims
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
EResearchTechnology
ERES
29481V108
4/20/04
Annual
1.01
Elect Sheldon M. Bonovitz
MGMT
YES
FOR
FOR
1.02
Elect Gerald A. Faich
MGMT
YES
FOR
FOR
1.03
Elect Elam M. Hitchner, III
MGMT
YES
FOR
FOR
2.00
Increase Authorized Shares of
Common Stock
MGMT
YES
FOR
FOR
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Factset Research Systems
FDS
303075105
1/8/04
Annual
1.01
Elect Scott A. Billeadeau
MGMT
YES
FOR
FOR
1.02
Elect Philip A. Hadley
MGMT
YES
FOR
FOR
1.03
Elect John C. Mickle
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Fair, Isaac
FIC
303250104
2/2/04
Annual
1.01
Elect A. George Battle
MGMT
YES
FOR
FOR
1.02
Elect Anton J. Christianson
MGMT
YES
FOR
FOR
1.03
Elect Thomas G. Grudnowski
MGMT
YES
FOR
FOR
1.04
Elect Alex W. Hart
MGMT
YES
FOR
FOR
1.05
Elect Philip G. Heasley
MGMT
YES
FOR
FOR
1.06
Elect Guy R. Henshaw
MGMT
YES
FOR
FOR
1.07
Elect David S.P. Hopkins
MGMT
YES
FOR
FOR
1.08
Elect Magaret L. Taylor
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Fairchild Semiconductor
International
FCS
303726103
5/4/04
Annual
1.01
Elect Kirk P. Pond
MGMT
YES
FOR
FOR
1.02
Elect Joseph R. Martin
MGMT
YES
FOR
FOR
1.03
Elect Charles P. Carinalli
MGMT
YES
FOR
FOR
1.04
Elect Richard M. Cashin Jr.
MGMT
YES
FOR
FOR
1.05
Elect Charles M. Clough
MGMT
YES
FOR
FOR
1.06
Elect Robert F. Friel
MGMT
YES
FOR
FOR
1.07
Elect Thomas L. Magnanti
MGMT
YES
FOR
FOR
1.08
Elect Bryan R. Roub
MGMT
YES
FOR
FOR
1.09
Elect Paul C. Schorr IV
MGMT
YES
FOR
FOR
1.10
Elect Ronald W. Shelly
MGMT
YES
FOR
FOR
1.11
Elect William N. Stout
MGMT
YES
FOR
FOR
2.00
Add Shares to Stock Option Plan
MGMT
YES
ABST
AIN
AGNST
Amend Stock Option Plan
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
First Data
FDC
319963104
10/28/03
Special
1.00
Approve Common Stock Issuance
MGMT
YES
FOR
FOR
Approve Merger/Acquisition
Foot Locker Inc
FL
344849104
5/26/04
Annual
1.01
Elect James E. Preston
MGMT
YES
FOR
FOR
1.02
Elect Matthew D. Serra
MGMT
YES
FOR
FOR
1.03
Elect Christopher A. Sinclair
MGMT
YES
FOR
FOR
1.04
Elect Dona Davis Young
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Forest Laboratories -Cl A
FRX
345838106
8/11/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Fortune Brands
FO
349631101
4/27/04
Annual
1.01
Elect Anne M. Tatlock
MGMT
YES
FOR
FOR
1.02
Elect Norman H. Wesley
MGMT
YES
FOR
FOR
1.03
Elect Peter M. Wilson
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Redeem or Vote on Poison Pill
SHLDR
YES
FOR
AGNST
Genentech
DNA
368710406
4/16/04
Annual
1.00
Approve Board Size
MGMT
YES
FOR
FOR
2.01
Elect Herbert W. Boyer
MGMT
YES
FOR
FOR
2.02
Elect Arthur D. Levinson
MGMT
YES
FOR
FOR
2.03
Elect Mark Richmond
MGMT
YES
FOR
FOR
2.04
Elect Charles A. Sanders
MGMT
YES
FOR
FOR
2.05
Elect William M. Burns
MGMT
YES
FOR
FOR
2.06
Elect Erich Hunziker
MGMT
YES
FOR
FOR
2.07
Elect Jonathan K. C. Knowles
MGMT
YES
FOR
FOR
3.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
4.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
5.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Guess
GES
401617105
5/10/04
Annual
1.01
Elect Paul Marciano
MGMT
YES
FOR
FOR
1.02
Elect Anthony Chidoni
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Home Depot Inc
HD
437076102
5/27/04
Annual
1.01
Elect Gregory D. Brenneman
MGMT
YES
FOR
FOR
1.02
Elect Richard H. Brown
MGMT
YES
FOR
FOR
1.03
Elect John L. Clendenin
MGMT
YES
FOR
FOR
1.04
Elect Berry R. Cox
MGMT
YES
FOR
FOR
1.05
Elect Claudio X. Gonzalez
Laporte
MGMT
YES
FOR
FOR
1.06
Elect Milledge A. Hart III
MGMT
YES
FOR
FOR
1.07
Elect Bonnie Guiton Hill
MGMT
YES
FOR
FOR
1.08
Elect Kenneth G. Langone
MGMT
YES
FOR
FOR
1.09
Elect Robert L. Nardelli
MGMT
YES
FOR
FOR
1.10
Elect Roger S. Penske
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Director Tenure/Retirement Age
SHLDR
YES
AGNS
T
FOR
4.00
Redeem or Vote on Poison Pill
SHLDR
YES
FOR
AGNST
5.00
Restrict Executive Compensation
SHLDR
YES
AGNS
T
FOR
6.00
Monitor/Adopt ILO Conventions
SHLDR
YES
AGNS
T
FOR
7.00
Golden Parachutes
SHLDR
YES
AGNS
T
FOR
8.00
Require Majority Vote to Elect
Directors
SHLDR
YES
ABST
AIN
AGNST
Hunt (J.B.) Transportation
Services
JBHT
445658107
4/22/04
Annual
1.01
Elect John A. Cooper Jr.
MGMT
YES
FOR
FOR
1.02
Elect Wayne Garrison
MGMT
YES
FOR
FOR
1.03
Elect Bryan Hunt
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
IDX Systems
IDXC
449491109
5/18/04
Annual
1.01
Elect Robert H. Hoehl
MGMT
YES
FOR
FOR
1.02
Elect Stuart H. Altman
MGMT
YES
FOR
FOR
1.03
Elect Mark F. Wheeler
MGMT
YES
FOR
FOR
Inco
N
453258402
4/21/04
Annual
1.00
Declassify Board
MGMT
YES
FOR
FOR
2.01
Elect Ronald C. Cambre
MGMT
YES
FOR
FOR
2.02
Elect Scott M. Hand
MGMT
YES
FOR
FOR
2.03
Elect Chaviva Hosek
MGMT
YES
FOR
FOR
2.04
Elect David P. O'Brien
MGMT
YES
FOR
FOR
2.05
Elect Glen A. Barton
MGMT
YES
FOR
FOR
2.06
Elect Angus Bruneau
MGMT
YES
FOR
FOR
2.07
Elect Peter C. Jones
MGMT
YES
FOR
FOR
2.08
Elect John T. Mayberry
MGMT
YES
FOR
FOR
2.09
Elect Roger Phillips
MGMT
YES
FOR
FOR
2.10
Elect James M. Stanford
MGMT
YES
FOR
FOR
3.00
Appoint Auditors and Set Their
Fees
MGMT
YES
FOR
FOR
Ingram Micro Inc
IM
457153104
5/25/04
Annual
1.01
Elect Orrin H. Ingram II
MGMT
YES
FOR
FOR
1.02
Elect Michael T. Smith
MGMT
YES
FOR
FOR
1.03
Elect Joe B. Wyatt
MGMT
YES
FOR
FOR
1.04
Elect Howard I. Atkins
MGMT
YES
FOR
FOR
International Game
Technology
IGT
459902102
3/2/04
Annual
1.01
Elect G. Thomas Baker
MGMT
YES
FOR
FOR
1.02
Elect Neil Barsky
MGMT
YES
FOR
FOR
1.03
Elect Robert A. Bittman
MGMT
YES
FOR
FOR
1.04
Elect Richard R. Burt
MGMT
YES
FOR
FOR
1.05
Elect Leslie S Heisz
MGMT
YES
FOR
FOR
1.06
Elect Robert A Matthewson
MGMT
YES
FOR
FOR
1.07
Elect Thomas J. Matthews
MGMT
YES
FOR
FOR
1.08
Elect Robert J. Miller
MGMT
YES
FOR
FOR
1.09
Elect Frederick B. Rentschler
MGMT
YES
FOR
FOR
2.00
Add Shares to Employee Stock
Purchase Plan
MGMT
YES
FOR
FOR
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Jacobs Engineering Group
JEC
469814107
2/10/04
Annual
1.01
Elect Robert C. Davidson Jr.
MGMT
YES
FOR
FOR
1.02
Elect Edward V. Fritzky
MGMT
YES
FOR
FOR
1.03
Elect Robert B. Gwyn
MGMT
YES
FOR
FOR
1.04
Elect Linda K. Jacobs
MGMT
YES
FOR
FOR
1.05
Elect Benjamin F. Montoya
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Juniper Networks
JNPR
48203R104
4/16/04
Special
1.00
Approve Common Stock Issuance
MGMT
YES
FOR
FOR
Approve Merger/Acquisition
Juniper Networks Inc
JNPR
48203R104
5/19/04
Annual
1.01
Elect Pradeep Sindhu
MGMT
YES
FOR
FOR
1.02
Elect Robert M. Calderoni
MGMT
YES
FOR
FOR
1.03
Elect Kenneth Levy
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
K-Swiss
KSWS
482686102
5/6/04
Annual
1.01
Elect David Lewin
MGMT
YES
FOR
FOR
1.02
Elect Mark Louie
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Kronos
KRON
501052104
2/12/04
Annual
1.01
Elect Richard J. Dumler
MGMT
YES
FOR
FOR
1.02
Elect Samuel Rubinovitz
MGMT
YES
FOR
FOR
2.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
4.00
Approve Other Business
MGMT
YES
FOR
FOR
Lehman Brothers Holdings
LEH
524908100
4/2/04
Annual
1.01
Elect Roger S. Berlind
MGMT
YES
FOR
FOR
1.02
Elect Marsha J. Evans
MGMT
YES
FOR
FOR
1.03
Elect Christopher Gent
MGMT
YES
FOR
FOR
1.04
Elect Dina Merrill
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Approve Other Business
MGMT
YES
FOR
FOR
Lennar
LEN
526057104
3/30/04
Annual
1.01
Elect Irving Bolotin
MGMT
YES
FOR
FOR
1.02
Elect R. Kirk Landon
MGMT
YES
FOR
FOR
1.03
Elect Donna E. Shalala
MGMT
YES
FOR
FOR
2.00
Approve Other Business
MGMT
YES
FOR
FOR
Martek Biosciences
MATK
572901106
3/18/04
Annual
1.01
Elect Douglas J. MacMaster Jr.
MGMT
YES
FOR
FOR
1.02
Elect John H. Mahar
MGMT
YES
FOR
FOR
1.03
Elect Eugene H. Rotberg
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
Marvell Technology Group
5/28/04
Annual
1.01
Elect Dr. John M. Cioffi
MGMT
YES
FOR
FOR
1.02
Elect Dr. Paul R. Gray
MGMT
YES
FOR
FOR
1.03
Elect Douglas King
MGMT
YES
FOR
FOR
2.00
Appoint Outside Auditors
MGMT
YES
ABST
AIN
AGNST
3.00
Set Auditors' Fees
MGMT
YES
ABST
AIN
AGNST
MBNA
KRB
55262L100
5/3/04
Annual
1.01
Elect James H. Berick
MGMT
YES
FOR
FOR
1.02
Elect Benjamin R. Civiletti
MGMT
YES
FOR
FOR
1.03
Elect Bruce L. Hammonds
MGMT
YES
FOR
FOR
1.04
Elect William L. Jews
MGMT
YES
FOR
FOR
1.05
Elect Randolph D. Lerner
MGMT
YES
FOR
FOR
1.06
Elect Stuart L. Markowitz
MGMT
YES
FOR
FOR
1.07
Elect William B. Milstead
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Expense Stock Options
SHLDR
YES
ABST
AIN
AGNST
4.00
Increase Board Independence
SHLDR
YES
FOR
AGNST
Medtronic
MDT
585055106
8/28/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Adopt Stock Option Plan
MGMT
YES
FOR
FOR
4.00
Approve Annual Bonus Plan
MGMT
YES
FOR
FOR
Mercury Interactive
MERQ
589405109
12/10/03
Special
1.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
2.00
Add Shares to Employee Stock
Purchase Plan
MGMT
YES
AGNS
T
AGNST
Merrill Lynch
MER
590188108
4/23/04
Annual
1.01
Elect David K. Newbigging
MGMT
YES
FOR
FOR
1.02
Elect J.W. Prueher
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Adopt Cumulative Voting
SHLDR
YES
AGNS
T
FOR
4.00
Independent Board Chairman
SHLDR
YES
AGNS
T
FOR
Microsoft
MSFT
594918104
11/11/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Amend Stock Option Plan
MGMT
YES
FOR
FOR
3.00
Amend Director Stock Option Plan
MGMT
YES
AGNS
T
AGNST
4.00
Limit or End Charitable Giving
SHLDR
YES
AGNS
T
FOR
NBTY
NTY
628782104
4/26/04
Annual
1.01
Elect Arthur Rudolph
MGMT
YES
FOR
FOR
1.02
Elect Glenn Cohen
MGMT
YES
FOR
FOR
1.03
Elect Michael L. Ashner
MGMT
YES
FOR
FOR
1.04
Elect Michael Slade
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
New York Community Bancorp
NYB
649445103
10/29/03
Special
1.00
Approve Common Stock Issuance
MGMT
YES
FOR
FOR
Approve Merger/Acquisition
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
New York Community Bancorp
Inc
NYB
649445103
5/19/04
Annual
1.01
Elect Donald M. Blake
MGMT
YES
FOR
FOR
1.02
Elect Thomas A. Doherty
MGMT
YES
FOR
FOR
1.03
Elect Michael J. Levine
MGMT
YES
FOR
FOR
1.04
Elect Guy V. Molinari
MGMT
YES
FOR
FOR
1.05
Elect John A. Pileski
MGMT
YES
FOR
FOR
1.06
Elect John M. Tsimbinos
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Newmont Mining
NEM
651639106
4/28/04
Annual
1.01
Elect Glen A. Barton
MGMT
YES
FOR
FOR
1.02
Elect Vincent A. Calarco
MGMT
YES
FOR
FOR
1.03
Elect Michael S. Hamson
MGMT
YES
FOR
FOR
1.04
Elect Leo I. Higdon, Jr.
MGMT
YES
FOR
FOR
1.05
Elect Pierre Lassonde
MGMT
YES
FOR
FOR
1.06
Elect Robert J. Miller
MGMT
YES
FOR
FOR
1.07
Elect Wayne W. Murdy
MGMT
YES
FOR
FOR
1.08
Elect Robin A. Plumbridge
MGMT
YES
FOR
FOR
1.09
Elect John B. Prescott
MGMT
YES
FOR
FOR
1.10
Elect Michael K. Reilly
MGMT
YES
FOR
FOR
1.11
Elect Seymour Schulich
MGMT
YES
FOR
FOR
1.12
Elect James V. Taranik
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Redeem or Vote on Poison Pill
SHLDR
YES
FOR
AGNST
Nextel Communications
NXTL
65332V103
5/27/04
Annual
1.01
Elect Keith Bane
MGMT
YES
FOR
FOR
1.02
Elect Janet Hill
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Adopt Employee Stock Purchase
Plan
MGMT
YES
FOR
FOR
Nokia
NOK
654902204
3/25/04
Annual
1.01
Approve Financial Statements
MGMT
YES
ABST
AIN
AGNST
1.02
Set Dividend/Allocate Profits
MGMT
YES
ABST
AIN
AGNST
1.03
Ratify Management Acts-Legal
MGMT
YES
ABST
AIN
AGNST
Ratify Board Acts-Legal
1.04
Approve Directors' Fees
MGMT
YES
ABST
AIN
AGNST
1.05
Election of Directors by Slate
MGMT
YES
FOR
FOR
1.06
Set Auditors' Fees
MGMT
YES
ABST
AIN
AGNST
1.07
Appoint Outside Auditors
MGMT
YES
FOR
FOR
2.00
Reduce Authorized Capital
MGMT
YES
ABST
AIN
AGNST
Cancel Authorized Stock
3.00
Increase Authorized Capital
MGMT
YES
ABST
AIN
AGNST
Issue Stock w/o Preemptive Rights
4.00
Authorize Share Repurchase
MGMT
YES
ABST
AIN
AGNST
5.00
Authorize Trade in Company Stock
MGMT
YES
ABST
AIN
AGNST
6.00
Authorize Charitable Donations
MGMT
YES
ABST
AIN
AGNST
Nordstrom Inc
JWN
655664100
5/25/04
Annual
1.01
Elect D. Wayne Gittinger
MGMT
YES
FOR
FOR
1.02
Elect Enrique Hernandez Jr.
MGMT
YES
FOR
FOR
1.03
Elect Jeanne P. Jackson
MGMT
YES
FOR
FOR
1.04
Elect Bruce A. Nordstrom
MGMT
YES
FOR
FOR
1.05
Elect John N. Nordstrom
MGMT
YES
FOR
FOR
1.06
Elect Alfred E. Osborne Jr.
MGMT
YES
FOR
FOR
1.07
Elect William D. Ruckelshaus
MGMT
YES
FOR
FOR
1.08
Elect Alison A. Winter
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Approve Annual Bonus Plan
MGMT
YES
FOR
FOR
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Nu Skin Enterprises
NUS
67018T105
5/17/04
Annual
1.01
Elect Blake M. Roney
MGMT
YES
FOR
FOR
1.02
Elect M. Truman Hunt
MGMT
YES
FOR
FOR
1.03
Elect Sandra N. Tillotson
MGMT
YES
FOR
FOR
1.04
Elect Edwin J. Garn
MGMT
YES
FOR
FOR
1.05
Elect Paula Hawkins
MGMT
YES
FOR
FOR
1.06
Elect Daniel W. Campbell
MGMT
YES
FOR
FOR
1.07
Elect Andrew D. Lipman
MGMT
YES
FOR
FOR
1.08
Elect Jose Ferreira, Jr.
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Patina Oil & Gas Corp
POG
703224105
5/20/04
Annual
1.01
Elect Charles E. Bayless
MGMT
YES
FOR
FOR
1.02
Elect Jeffrey L. Berenson
MGMT
YES
FOR
FOR
1.03
Elect Robert J. Clark
MGMT
YES
FOR
FOR
1.04
Elect Jay W. Decker
MGMT
YES
FOR
FOR
1.05
Elect Thomas J. Edelman
MGMT
YES
FOR
FOR
1.06
Elect Elizabeth K. Lanier
MGMT
YES
FOR
FOR
1.07
Elect Alexander P. Lynch
MGMT
YES
FOR
FOR
1.08
Elect Paul M. Rady
MGMT
YES
FOR
FOR
1.09
Elect Jon R. Whitney
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
4.00
Approve Other Business
MGMT
YES
FOR
FOR
Pfizer
PFE
717081103
4/22/04
Annual
1.01
Elect Michael S. Brown
MGMT
YES
FOR
FOR
1.02
Elect M. Anthony Burns
MGMT
YES
FOR
FOR
1.03
Elect Robert N. Burt
MGMT
YES
FOR
FOR
1.04
Elect W. Don Cornwell
MGMT
YES
FOR
FOR
1.05
Elect William H. Gray III
MGMT
YES
FOR
FOR
1.06
Elect Constance J. Horner
MGMT
YES
FOR
FOR
1.07
Elect William R. Howell
MGMT
YES
FOR
FOR
1.08
Elect Stanley O. Ikenberry
MGMT
YES
FOR
FOR
1.09
Elect George A. Lorch
MGMT
YES
FOR
FOR
1.10
Elect Henry A. McKinnell Jr.
MGMT
YES
FOR
FOR
1.11
Elect Dana G. Mead
MGMT
YES
FOR
FOR
1.12
Elect Franklin D. Raines
MGMT
YES
FOR
FOR
1.13
Elect Ruth J. Simmons
MGMT
YES
FOR
FOR
1.14
Elect William C. Steere Jr.
MGMT
YES
FOR
FOR
1.15
Elect Jean-Paul Valles
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Adopt Stock Option Plan
MGMT
YES
FOR
FOR
4.00
Review AIDS Pandemic's Impact on
Company
SHLDR
YES
ABST
AIN
AGNST
5.00
Limit or End Political Spending
SHLDR
YES
AGNS
T
FOR
6.00
Review Political Spending
SHLDR
YES
FOR
AGNST
7.00
Director Tenure/Retirement Age
SHLDR
YES
AGNS
T
FOR
8.00
Review Drug Pricing or
Distribution
SHLDR
YES
AGNS
T
FOR
9.00
Restrict Executive Compensation
SHLDR
YES
AGNS
T
FOR
10.00
Review or Promote Animal Welfare
SHLDR
YES
AGNS
T
FOR
Phelps Dodge Corp
PD
717265102
5/28/04
Annual
1.01
Elect Marie L. Knowles
MGMT
YES
FOR
FOR
1.02
Elect Jon C. Madonna
MGMT
YES
FOR
FOR
1.03
Elect Gordon R. Parker
MGMT
YES
FOR
FOR
1.04
Elect Robert D. Johnson
MGMT
YES
FOR
FOR
2.00
Limit or End Charitable Giving
SHLDR
YES
AGNS
T
FOR
Pixelworks
PXLW
72581M107
5/25/04
Annual
1.01
Elect Allen H. Alley
MGMT
YES
FOR
FOR
1.02
Elect Oliver D. Curme
MGMT
YES
FOR
FOR
1.03
Elect C. Scott Gibson
MGMT
YES
FOR
FOR
1.04
Elect Frank C. Gill
MGMT
YES
FOR
FOR
1.05
Elect Steven J. Sharp
MGMT
YES
FOR
FOR
2.00
Approve Non-Technical Charter
Amendments
MGMT
YES
FOR
FOR
3.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
4.00
Amend Employee Stock Purchase
Plan
MGMT
YES
FOR
FOR
Potlatch
PCH
737628107
5/3/04
Annual
1.01
Elect Gregory L. Quesnel
MGMT
YES
FOR
FOR
1.02
Elect Michael T. Riordan
MGMT
YES
FOR
FOR
1.03
Elect L. Pendleton Siegel
MGMT
YES
FOR
FOR
2.00
Report on Dividend Policy
SHLDR
YES
ABST
AIN
AGNST
3.00
Time-Phased Voting Rights
SHLDR
YES
ABST
AIN
AGNST
Procter & Gamble
PG
742718109
10/14/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Adopt Director Stock Option Plan
MGMT
YES
AGNS
T
AGNST
4.00
Repeal Classified Board
SHLDR
YES
FOR
AGNST
5.00
Review or Curb Bioengineering
SHLDR
YES
AGNS
T
FOR
Pulte Homes Inc
PHM
745867101
5/13/04
Annual
1.01
Elect Richard J. Dugas Jr.
MGMT
YES
FOR
FOR
1.02
Elect David N. McCammon
MGMT
YES
FOR
FOR
1.03
Elect William J. Pulte
MGMT
YES
FOR
FOR
1.04
Elect Francis J. Sehn
MGMT
YES
FOR
FOR
1.05
Elect Michael E. Rossi
MGMT
YES
FOR
FOR
2.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
3.00
Shareholder Approval of Auditors
SHLDR
YES
FOR
AGNST
Radio One
ROIAK
75040P405
5/26/04
Annual
1.01
Elect Brian R. McNeill
MGMT
YES
FOR
FOR
1.02
Elect Terry L. Jones
MGMT
YES
FOR
FOR
2.01
Elect Catherine L. Hughes
MGMT
YES
FOR
FOR
2.02
Elect Alfred C. Liggins III
MGMT
YES
FOR
FOR
2.03
Elect D. Geoffrey Armstrong
MGMT
YES
FOR
FOR
2.04
Elect L. Ross Love
MGMT
YES
FOR
FOR
2.05
Elect Ronald E. Blaylock
MGMT
YES
FOR
FOR
3.00
Add Shares to Stock Option Plan
MGMT
YES
AGNS
T
AGNST
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Rockwell Automation
ROK
773903109
2/4/04
Annual
1.01
Elect Don H. Davis Jr.
MGMT
YES
FOR
FOR
1.02
Elect William H. Gray III
MGMT
YES
FOR
FOR
1.03
Elect William T. McCormick Jr.
MGMT
YES
FOR
FOR
1.04
Elect Keith D. Nosbusch
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Amend Stock Option Plan
MGMT
YES
AGNS
T
AGNST
Add Shares to Stock Option Plan
Sapient Corp
SAPE
803062108
5/25/04
Annual
1.01
Elect Darius W. Gaskins, Jr.
MGMT
YES
FOR
FOR
1.02
Elect Gary S. McKissock
MGMT
YES
FOR
FOR
1.03
Elect J. Stuart Moore
MGMT
YES
FOR
FOR
2.00
Repeal Classified Board
MGMT
YES
FOR
FOR
3.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Schlumberger Ltd.
SLB
806857108
4/14/04
Annual
1.01
Elect John M. Deutch
MGMT
YES
FOR
FOR
1.02
Elect Jamie S. Gorelick
MGMT
YES
FOR
FOR
1.03
Elect Andrew Gould
MGMT
YES
FOR
FOR
1.04
Elect Tony Isaac
MGMT
YES
FOR
FOR
1.05
Elect Adrian Lajous
MGMT
YES
FOR
FOR
1.06
Elect Andre Levy-Lang
MGMT
YES
FOR
FOR
1.07
Elect Didier Primat
MGMT
YES
FOR
FOR
1.08
Elect Tore I. Sandvold
MGMT
YES
FOR
FOR
1.09
Elect Nicolas Seydoux
MGMT
YES
FOR
FOR
1.10
Elect Linda Gillespie Stuntz
MGMT
YES
FOR
FOR
2.00
Approve Financial Statements
MGMT
YES
FOR
FOR
3.00
Adopt Director Stock Award Plan
MGMT
YES
FOR
FOR
4.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Smart & Final Inc
SMF
831683107
5/19/04
Annual
1.01
Elect Pierre B. Bouchut
MGMT
YES
FOR
FOR
1.02
Elect David J. McLaughlin
MGMT
YES
FOR
FOR
1.03
Elect Thomas G. Plaskett
MGMT
YES
FOR
FOR
1.04
Elect Etienne Snollaerts
MGMT
YES
FOR
FOR
2.00
Repeal Classified Board
MGMT
YES
FOR
FOR
State Street
STT
857477103
4/21/04
Annual
1.01
Elect Kennett F. Burnes
MGMT
YES
FOR
FOR
1.02
Elect David P. Gruber
MGMT
YES
FOR
FOR
1.03
Elect Linda A. Hill
MGMT
YES
FOR
FOR
1.04
Elect Charles R. Lamantia
MGMT
YES
FOR
FOR
1.05
Elect Robert E. Weissman
MGMT
YES
FOR
FOR
2.00
Opt Out of State Takeover
Statute
SHLDR
YES
FOR
AGNST
Symantec
SYMC
871503108
8/21/03
Annual
1.00
Elect Directors
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Amend Stock Option Plan
MGMT
YES
AGNS
T
AGNST
4.00
Approve Annual Bonus Plan
MGMT
YES
FOR
FOR
5.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Thermo Electron Corp
TMO
883556102
5/18/04
Annual
1.01
Elect Marijn E. Dekkers
MGMT
YES
FOR
FOR
1.02
Elect Robert A. McCabe
MGMT
YES
FOR
FOR
1.03
Elect Robert W. O'Leary
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Restrict Executive Compensation
SHLDR
YES
AGNS
T
FOR
United States Steel
X
912909108
4/27/04
Annual
1.01
Elect Robert J. Darnall
MGMT
YES
FOR
FOR
1.02
Elect Roy G. Dorrance
MGMT
YES
FOR
FOR
1.03
Elect Charles R. Lee
MGMT
YES
FOR
FOR
1.04
Elect John G. Drosdick
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Urban Outfitters Inc
URBN
917047102
6/1/04
Annual
1.01
Elect Richard A. Hayne
MGMT
YES
FOR
FOR
1.02
Elect Scott A. Belair
MGMT
YES
FOR
FOR
1.03
Elect Harry S. Cherken Jr.
MGMT
YES
FOR
FOR
1.04
Elect Joel S. Lawson, III
MGMT
YES
FOR
FOR
1.05
Elect Glen T. Senk
MGMT
YES
FOR
FOR
1.06
Elect Robert H. Strouse
MGMT
YES
FOR
FOR
2.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
3.00
Adopt Stock Option Plan
MGMT
YES
AGNS
T
AGNST
Varian
VARI
922206107
2/4/04
Annual
1.01
Elect John G. McDonald
MGMT
YES
FOR
FOR
1.02
Elect Wayne R. Moon
MGMT
YES
FOR
FOR
2.00
Reapprove Option/Bonus Plan for
OBRA
MGMT
YES
FOR
FOR
Varian Medical Systems
VAR
92220P105
6/10/04
Special
1.00
Increase Authorized Common Stock
MGMT
YES
FOR
FOR
Waters
WAT
941848103
5/4/04
Annual
1.01
Elect Douglas A. Berthiaume
MGMT
YES
FOR
FOR
1.02
Elect Joshua Bekenstein
MGMT
YES
FOR
FOR
1.03
Elect Michael J. Berendt
MGMT
YES
FOR
FOR
1.04
Elect Phillip Caldwell
MGMT
YES
FOR
FOR
1.05
Elect Edward Conard
MGMT
YES
FOR
FOR
1.06
Elect Laurie H. Glimcher
MGMT
YES
FOR
FOR
1.07
Elect William J. Miller
MGMT
YES
FOR
FOR
1.08
Elect Thomas P. Salice
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
3.00
Approve Other Business
MGMT
YES
FOR
FOR
WebEx Communications Inc.
WEBX
94767L109
5/19/04
Annual
1.01
Elect Michael T. Flynn
MGMT
YES
FOR
FOR
1.02
Elect Casimir S. Skrzypczak
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Websense Inc
WBSN
947684106
6/2/04
Annual
1.01
Elect John B. Carrington
MGMT
YES
FOR
FOR
1.02
Elect Gary E. Sutton
MGMT
YES
FOR
FOR
2.00
Ratify Selection of Auditors
MGMT
YES
FOR
FOR
Zimmer Holdings
ZMH
98956P102
5/10/04
Annual
1.01
Elect Larry C. Glasscock
MGMT
YES
FOR
FOR
1.02
Elect John L. McGoldrick
MGMT
YES
FOR
FOR
2.00
Redeem or Vote on Poison Pill
SHLDR
YES
FOR
AGNST
3.00
Shareholder Approval of Auditors
SHLDR
YES
FOR
AGNST
Any ballot marked 'Abstain' is considered to have been voted. Ballots marked
'Abstain' are considered to be have been voted against management's
recommendation, regardless of whether the recommendation is 'For' or
'Against,' except where management has made no recommendation or has
recommended that shareholders 'Abstain.'
Where management has recommended that shareholders 'Abstain' from voting on a
ballot item: 1) a ballot market 'Abstain' is considered to have been voted for
management's recommendation to 'Abstain' and 2) a ballot voted 'For" or
'Against' is considered to have been voted against management's recommendation
to 'Abstain.'
Where management has made no recommendation on a ballot item, the abbreviation
"N/A" is used to denote that there is no applicable recommendation compared to
which a vote may be 'For' or 'Against' the recommendation of management.
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.
Value Line Fund, Inc.
- -------------------------------------------------------------
(Registrant)
By _David T. Henigson, Vice President and Secretary/Treasurer_
(Signature & Title)
Date _August 9, 2004__________________________________________