FORM N-PX


ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number: 811-04692



Emerging Markets Growth Fund, Inc.
  (Exact name of registrant as specified in charter)

11100 Santa Monica Boulevard, 15th Floor, Los Angeles, CA90025
  (Address of principal executive offices)

Nelson N. Lee, 11100 Santa Monica Boulevard, 15th Floor, Los Angeles, CA90025
  (Name and address of agent for service)


Registrant's telephone number, including area code: 310-996-6000


Date of fiscal year-end:  6/30/2005

Date of reporting period: 7/1/2004 - 6/30/2005

Proxy Voting Record


                                                                                                             
                                                                                            MTG
                                                                                            DATE                               For/
ISSUER NAME                                                  TICKER            CUSIP        Proposal       MTG TYPE           Agnst
                                                                                            Type           Voted?      Vote    Mgmt

Advanced Info Service                                                          Y0014U183    3/30/05        Annual
                   1 Authorize legal formalities                                            MGMT            YES        FOR      FOR
                   2 Authorize legal formalities                                            MGMT            YES        FOR      FOR
                   3 Authorize legal formalities                                            MGMT            YES        FOR      FOR
                   4 Approve financial statements                                           MGMT            YES        FOR      FOR
                   5 Appoint auditors and set their fees                                    MGMT            YES        FOR      FOR
                   6 Set Final Dividend at 2.60                                             MGMT            YES        FOR      FOR
                   7 Election of directors by slate                                         MGMT            YES        FOR      FOR
                     Approve directors' fees
                   8 Issue warrants w/o preemptive rights                                   MGMT            YES        FOR      FOR
                   9 Issue stock w/o preemptive rights                                      MGMT            YES        FOR      FOR
                  10 Issue warrants in excess of individual limits                          MGMT            YES        FOR      FOR
                  11 Issue stock w/o preemptive rights                                      MGMT            YES        FOR      FOR
                  12 Consider other business                                                MGMT            YES        FOR      FOR

Advanced Semiconductor Engineering                                             Y00153109    6/30/05         Annual
                   1 Approve financial statements                                           MGMT            YES        FOR      FOR
                1.01 NV -  Receive statutory reports                                        MGMT            YES        FOR      FOR
                1.02 NV -  Receive statutory reports                                        MGMT            YES        FOR      FOR
                1.03 NV -  Receive statutory reports                                        MGMT            YES        FOR      FOR
                1.04 NV -  Receive statutory reports                                        MGMT            YES        FOR      FOR
                1.05 NV -  Receive statutory reports                                        MGMT            YES        FOR      FOR
                   2 Set Final Dividend at 0.10                                             MGMT            YES        FOR      FOR
                   3 Approve special dividend/bonus share issue                             MGMT            YES        FOR      FOR
                   4 Approve undisclosed article amendments                                 MGMT            YES        FOR      FOR
                   5 Issue debt instruments                                                 MGMT            YES       AGNST    AGNST
                     Issue stock w/o preemptive rights
                   6 Issue stock w/o preemptive rights                                      MGMT            YES        FOR      FOR
                   7 Approve investment in PRC                                              MGMT            YES        FOR      FOR
                   8 Elect undisclosed director                                             MGMT            YES        FOR      FOR
                   9 Consider other business                                                MGMT            YES        FOR      FOR

Akbank                                                       AKBNK             M0300L106    5/30/05         Special
                   1 Authorize legal formalities                                            MGMT            NO       TAKE NO ACTION
                   2 Approve financial statements                                           MGMT            NO       TAKE NO ACTION
                   3 Approve merger/acquisition                                             MGMT            NO       TAKE NO ACTION
                   4 Amend reporting currency                                               MGMT            NO       TAKE NO ACTION

Akbank                                                       AKBNK             M0300L106    6/23/05         Special
                   1 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                   2 Authorize share repurchase                                             MGMT            YES      FOR        FOR
                   3 Amend dividend distribution rules                                      MGMT            YES      FOR        FOR

ALL America Latina Logistica SA                                                B014709      11/30/04        Special
                   1 Appoint Officer(s) from Board                                          MGMT            YES      FOR        FOR
                   2 Election of Directors by Nominee                                       MGMT            YES      FOR        FOR
                3.01 Convert One Form of Stock to Another                                   MGMT            YES      FOR        FOR
                3.02 Convert One Form of Stock to Another                                   MGMT            YES      FOR        FOR
                   4 Establish Board Committees                                             MGMT            YES      FOR        FOR
                   5 Approve Directors' Fees                                                MGMT            YES      FOR        FOR

America Movil SA de CV                                                         02364W105    4/27/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                     Set Final Dividend at 0.21
                   2 Election of directors by slate                                         MGMT            YES      FOR        FOR
                     Elect shareholder representatives
                     Approve directors' fees
                     Approve shareholder representative fees
                     Ratify board acts-symbolic
                   3 Elect board committee                                                  MGMT            YES      FOR        FOR
                     Approve committee fees
                   4 Authorize share repurchase                                             MGMT            YES      FOR        FOR
                   5 Replace share certificates                                             MGMT            YES      FOR        FOR
                   6 Authorize legal formalities                                            MGMT            YES      FOR        FOR

America Movil SA de CV                                                         02364W105    4/27/05         Special
                   1 Approve stock split                                                    MGMT            YES      FOR        FOR
                   2 Amend articles to reflect capital inc/decrease                         MGMT            YES      FOR        FOR
                   3 Authorize legal formalities                                            MGMT            YES      FOR        FOR

AMMB Holdings                                                                  6047023      9/29/04         Annual
                   1 Approve Financial Statements                                           MGMT            YES      FOR        FOR
                   2 Set Final Dividend at 4.00                                             MGMT            YES      FOR        FOR
                   3 Approve Directors' Fees                                                MGMT            YES      FOR        FOR
                   4 Elect Y Bhg Tan Sri Dato' Azman Hashim                                 MGMT            YES      FOR        FOR
                   5 Elect Cheah Tek Kuang                                                  MGMT            YES      FOR        FOR
                   6 Elect Y Bhg Dato' Izham bin Mahmud                                     MGMT            YES      FOR        FOR
                   7 Elect Puan Shalina Azman                                               MGMT            YES      FOR        FOR
                   8 Elect Y Bhg Tan Sri Datuk Dr. Aris bin Othman                          MGMT            YES      FOR        FOR
                   9 Elect Clifford Francis Herbert                                         MGMT            YES      FOR        FOR
                  10 Elect Y Bhg Dato' Mohd Ibrahim bin Mohd Zain                           MGMT            YES      FOR        FOR
                  11 Appoint Auditors and Set Their Fees                                    MGMT            YES      FOR        FOR
                  12 Issue Stock w/o Preemptive Rights                                      MGMT            YES      FOR        FOR
                  13 Issue Stock w/o Preemptive Rights                                      MGMT            YES     AGNST      AGNST

AMMB Holdings                                                                  6047023      9/29/04         Special
                   1 Approve Merger/Acquisition                                             MGMT            YES      FOR        FOR
                     Approve Related Party Transactions
                   2 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   3 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   4 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   5 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   6 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   7 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR

AMMB Holdings                                                                  Y0122P100    1/31/05         Special
                   1 Approve merger/acquisition                                             MGMT            YES      FOR        FOR
                   2 Approve divestiture/spin-off                                           MGMT            YES      FOR        FOR
                   3 Approve stock split                                                    MGMT            YES      FOR        FOR
                   4 Allow subsidiaries to issue stock                                      MGMT            YES      FOR        FOR
                   5 Allow subsidiaries to issue stock                                      MGMT            YES      FOR        FOR
                   6 Allow subsidiaries to issue stock                                      MGMT            YES      FOR        FOR
                   7 Allow subsidiaries to issue stock                                      MGMT            YES      FOR        FOR
                   8 Amend articles--technical                                              MGMT            YES      FOR        FOR
                   9 Amend articles--technical                                              MGMT            YES      FOR        FOR
                  10 Set board/supervisory board size limits                                MGMT            YES      FOR        FOR

Anadolu Efes Biracilik ve Malt Sanayi AS                     AEFES             M10225106    5/16/05         Annual
                   1 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                   2 Approve financial statements                                           MGMT            YES      FOR        FOR
                   3 Ratify board acts-legal                                                MGMT            YES      FOR        FOR
                     Ratify statutory auditor acts - legal
                   4 Election of directors by slate                                         MGMT            YES      FOR        FOR
                     Approve directors' fees
                   5 Elect statutory auditors                                               MGMT            YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   6 Authorize charitable donations                                         MGMT            YES     AGNST      AGNST
                   7 Approve related party transactions                                     MGMT            YES      FOR        FOR
                   8 Appoint outside auditors                                               MGMT            YES      FOR        FOR
                   9 Consider other business                                                MGMT            YES      FOR        FOR

Anglo American PLC                                                             G03764100    4/20/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                   2 Set Final Dividend at 51.00p                                           MGMT            YES      FOR        FOR
                   3 Elect Rene Medori                                                      MGMT            YES      FOR        FOR
                   4 Elect Alexander Ralph                                                  MGMT            YES      FOR        FOR
                   5 Elect David Hathorn                                                    MGMT            YES      FOR        FOR
                   6 Elect Sir Simon Thompson                                               MGMT            YES      FOR        FOR
                   7 Elect Robert M. Godsell                                                MGMT            YES      FOR        FOR
                   8 Elect Anthony John Trahar                                              MGMT            YES      FOR        FOR
                   9 Elect Karel Van Miert                                                  MGMT            YES      FOR        FOR
                  10 Appoint outside auditors                                               MGMT            YES      FOR        FOR
                  11 Set auditors' fees                                                     MGMT            YES      FOR        FOR
                  12 Approve remuneration policy                                            MGMT            YES      FOR        FOR
                  13 Issue stock w/ preemptive rights                                       MGMT            YES      FOR        FOR
                  14 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                  15 Authorize share repurchase                                             MGMT            YES      FOR        FOR

AngloGold Ashanti Ltd                                                          S04255196    4/29/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                   2 Elect Colin Bertram Brayshaw                                           MGMT            YES      FOR        FOR
                   3 Elect Anthony W. Lea                                                   MGMT            YES      FOR        FOR
                   4 Elect William A. Nairn                                                 MGMT            YES      FOR        FOR
                   5 Elect Kelvin H. Williams                                               MGMT            YES      FOR        FOR
                   6 Elect Sir Samuel Jonah                                                 MGMT            YES      FOR        FOR
                   7 Elect Sir Simon R. Thompson                                            MGMT            YES      FOR        FOR
                   8 Elect Polelo Lazarus Zim                                               MGMT            YES      FOR        FOR
                   9 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                  10 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                  11 Authorize share repurchase                                             MGMT            YES      FOR        FOR
                  12 Approve executive profit sharing/bonus plan                            MGMT            YES      FOR        FOR
                  13 Approve executive profit sharing/bonus plan                            MGMT            YES      FOR        FOR

AngloGold Ashanti Ltd                                        AU                035128206    4/29/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                   2 Elect Colin Bertram Brayshaw                                           MGMT            YES      FOR        FOR
                   3 Elect Anthony W. Lea                                                   MGMT            YES      FOR        FOR
                   4 Elect William A. Nairn                                                 MGMT            YES      FOR        FOR
                   5 Elect Kelvin H. Williams                                               MGMT            YES      FOR        FOR
                   6 Elect Sir Samuel Jonah                                                 MGMT            YES      FOR        FOR
                   7 Elect Sir Simon R. Thompson                                            MGMT            YES      FOR        FOR
                   8 Elect Polelo Lazarus Zim                                               MGMT            YES      FOR        FOR
                   9 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                  10 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                  11 Authorize share repurchase                                             MGMT            YES      FOR        FOR
                  12 Approve executive profit sharing/bonus plan                            MGMT            YES      FOR        FOR
                  13 Approve executive profit sharing/bonus plan                            MGMT            YES      FOR        FOR

Anhui Conch Cement                                                             Y01373102    5/20/05         Annual
                   1 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                   2 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                   3 Approve financial statements                                           MGMT            YES      FOR        FOR
                   4 Set Dividend at 10.00                                                  MGMT            YES      FOR        FOR
                4.01 Appoint auditors and set their fees                                    MGMT            YES      FOR        FOR
                   5 Amend articles--technical                                              MGMT            YES      FOR        FOR
                6.01 Election of directors by slate                                         MGMT            YES      FOR        FOR
                     Elect supervisory board/corporate assembly
                  11 Issue stock w/o preemptive rights                                      MGMT            YES     AGNST      AGNST

Apollo Hospitals Enterprise                                                    6273583      9/2/04          Special
                   1 Issue Stock w/o Preemptive Rights                                      MGMT            YES      FOR        FOR

Apollo Hospitals Enterprise                                                    6273583      9/14/04         Annual
                   1 Approve Financial Statements                                           MGMT            YES      FOR        FOR
                   2 Set Dividend at Rs. 3.50                                               MGMT            YES      FOR        FOR
                   3 Elect P.O. Reddy                                                       MGMT            YES      FOR        FOR
                   4 Elect R. Ahamed                                                        MGMT            YES      FOR        FOR
                   5 Elect N. Vaghul                                                        MGMT            YES      FOR        FOR
                   6 Elect T.K. Balaji                                                      MGMT            YES      FOR        FOR
                   7 Appoint Auditors and Set Their Fees                                    MGMT            YES      FOR        FOR

Apollo Hospitals Enterprise                                                    Y0187F112    5/24/05         Special
                   1 Issue warrants w/o preemptive rights                                   MGMT            YES      FOR        FOR
                   2 Issue convertible debt instruments                                     MGMT            YES      FOR        FOR
                   3 Amend meeting procedures/change date                                   MGMT            YES      FOR        FOR
                   4 Amend foreign investor restrictions                                    MGMT            YES      FOR        FOR

AsiaInfo Holdings Inc                                        ASIA              04518A104    4/21/05         Annual
                1.01 Elect Edward S. Tian                                                   MGMT            YES      FOR        FOR
                1.02 Elect Chang Sun                                                        MGMT            YES      FOR        FOR
                1.03 Elect Davin A. Mackenzie                                               MGMT            YES      FOR        FOR
                   2 Ratify selection of auditors                                           MGMT            YES      FOR        FOR
                   3 Adopt Stock Incentive Plan                                             MGMT            YES      FOR        FOR

Astra International                                                            Y7117N149    5/26/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                   2 Set Final Dividend at 150.00                                           MGMT            YES      FOR        FOR
                   3 Election of directors by slate                                         MGMT            YES      FOR        FOR
                   4 Elect supervisory board/corporate assembly                             MGMT            YES      FOR        FOR
                   5 Approve directors' fees                                                MGMT            YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   6 Appoint outside auditors                                               MGMT            YES      FOR        FOR
                   7 Approve pension fund                                                   MGMT            YES      FOR        FOR

Astro All Asia Networks PLC                                  05076             6698120      7/13/04         Annual
                   1 Approve Financial Statements                                           MGMT            YES      FOR        FOR
                   2 Elect Dato' Haji Badri bin Haji Masri                                  MGMT            YES      FOR        FOR
                   3 Elect Augustus Ralph Marshall                                          MGMT            YES      FOR        FOR
                   4 Elect Tan Poh Ching                                                    MGMT            YES      FOR        FOR
                   5 Elect Mohamed Khadar bin Merican                                       MGMT            YES      FOR        FOR
                   6 Elect Kuok Khoon Ho                                                    MGMT            YES      FOR        FOR
                   7 Elect Bernard Anthony Cragg                                            MGMT            YES      FOR        FOR
                   8 Appoint Auditors and Set Their Fees                                    MGMT            YES      FOR        FOR
                   9 Issue Stock w/o Preemptive Rights                                      MGMT            YES      FOR        FOR
                  10 Issue Stock w/o Preemptive Rights                                      MGMT            YES      FOR        FOR
                  11 Issue Stock w/ Preemptive Rights                                       MGMT            YES      FOR        FOR

Astro All Asia Networks PLC                                  05076             6698120      7/13/04         Special
                   1 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   2 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   3 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   4 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   5 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR
                   6 Approve Related Party Transactions                                     MGMT            YES      FOR        FOR

Asustek Computer                                                               Y04327105    6/9/05          Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                   2 Set Final Dividend at 1.50                                             MGMT            YES      FOR        FOR
                   3 Approve special dividend/bonus share issue                             MGMT            YES      FOR        FOR
                   4 Amend articles--technical                                              MGMT            YES     AGNST      AGNST
                   5 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                6.01 Elect Cheng-Lai Shen                                                   MGMT            YES      FOR        FOR
                6.02 Elect Chiang-Sheng Tseng                                               MGMT            YES      FOR        FOR
                6.03 Elect Chung-Jen Cheng                                                  MGMT            YES      FOR        FOR
                6.04 Elect Hung-Chang Hung                                                  MGMT            YES      FOR        FOR
                6.05 Elect Jian-Jona Cheng                                                  MGMT            YES      FOR        FOR
                6.06 Elect Shih-Chang Hsu                                                   MGMT            YES      FOR        FOR
                6.07 Elect Tsung-Tang Shih                                                  MGMT            YES      FOR        FOR
                6.08 Elect Tze-Kaing Hung                                                   MGMT            YES      FOR        FOR
                6.09 Elect Tzu-Hsien Tung                                                   MGMT            YES      FOR        FOR
                   7 Consider other business                                                MGMT            YES      FOR        FOR
                   8 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                   9 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                  10 Authorize legal formalities                                            MGMT            YES      FOR        FOR
                  11 Authorize legal formalities                                            MGMT            YES      FOR        FOR

Au Optronics Corp                                            AUO               002255107    6/14/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                   2 Set Dividend at 1.20                                                   MGMT            YES      FOR        FOR
                   3 Approve special dividend/bonus share issue                             MGMT            YES      FOR        FOR
                   4 Amend articles--technical                                              MGMT            YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                   6 Approve to opt for tax benefits                                        MGMT            YES      FOR        FOR

Au Optronics Corp                                                              Y0451X104    6/14/05         Annual
                   1 Approve financial statements                                           MGMT            YES      FOR        FOR
                1.01 NV -  Receive statutory reports                                        MGMT            YES      FOR        FOR
                   2 Set Dividend at 1.20                                                   MGMT            YES      FOR        FOR
                   3 Approve special dividend/bonus share issue                             MGMT            YES      FOR        FOR
                   4 Amend articles--technical                                              MGMT            YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                      MGMT            YES      FOR        FOR
                   6 Approve to opt for tax benefits                                        MGMT            YES      FOR        FOR
                   7 NV -  Receive statutory reports                                        MGMT            YES      FOR        FOR

AVI Ltd                                                                        6040958      10/20/04        Annual
                   1 Approve Financial Statements                                           MGMT            YES      FOR        FOR
                   2 Appoint Outside Auditors                                               MGMT            YES      FOR        FOR
                   3 Elect Peter M. Bester                                                  MGMT            YES      FOR        FOR
                   4 Elect Roy C. Gordon                                                    MGMT            YES      FOR        FOR
                   5 Elect Sean D. Jagoe                                                    MGMT            YES      FOR        FOR
                   6 Elect Robert S. Katzen                                                 MGMT            YES      FOR        FOR
                   7 Elect Humphrey M. Buthelezi                                            MGMT            YES      FOR        FOR
                   8 Elect Nohmle J. Canca                                                  MGMT            YES      FOR        FOR
                   9 Elect Kenny A. Fihla                                                   MGMT            YES      FOR        FOR
                  10 Authorize Share Repurchase                                             MGMT            YES      FOR        FOR
                  11 Approve Directors' Fees                                                MGMT            YES      FOR        FOR
                  12 Authorize Legal Formalities                                            MGMT            YES      FOR        FOR

AVI Ltd                                                                        S0808A101   2/7/05           Special
                   1 Convert one form of stock to another                                  MGMT             YES      FOR        FOR
                   2 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   3 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                     Reduce share premium account
                   4 Approve restructuring/recapitalization                                MGMT             YES      FOR        FOR
                   5 Amend stock option plan                                               MGMT             YES      FOR        FOR
                   6 Amend stock option plan                                               MGMT             YES      FOR        FOR
                   7 Amend stock option plan                                               MGMT             YES      FOR        FOR
                   8 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   9 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Ayala Corp                                                                     Y0486V107   4/8/05           Annual
                   1 Determine quorum                                                      MGMT             YES      FOR        FOR
                   2 Approve the minutes of previous meeting                               MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Ratify management acts-symbolic                                       MGMT             YES      FOR        FOR
                     Ratify board acts-symbolic
                   5 Amend/remove par value                                                MGMT             YES      FOR        FOR
                   6 Amend stock option plan                                               MGMT             YES      FOR        FOR
                   7 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Consider other business                                               MGMT             YES      FOR        FOR
                  10 NV -  Closing of meeting                                              MGMT             YES      FOR        FOR

Ayala Land                                                                     Y0488F100   4/6/05           Annual
                   1 Approve notice and determine quorum                                   MGMT             YES      FOR        FOR
                   2 Approve minutes of previous annual meeting                            MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Ratify board acts-symbolic                                            MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   7 Consider other business                                               MGMT             YES      FOR        FOR
                   8 Adjourn meeting                                                       MGMT             YES      FOR        FOR

Bajaj Auto                                                                     6124142     7/31/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend/Allocate Profits                                         MGMT             YES      FOR        FOR
                   3 Elect Kantikumar R. Podar                                             MGMT             YES      FOR        FOR
                   4 Elect J.N. Godrej                                                     MGMT             YES      FOR        FOR
                   5 Elect Shekhar Bajaj                                                   MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR

Banco Bradesco SA                                            BBD               059460303   3/10/05          Annua   l
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Banco Itau Holding Financeira SA                                               P1391K111   4/27/05          Annual
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR

Banco Itau Holding Financeira SA                             ITU               059602201   4/27/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 9.72                                                  MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   5 Approve maximum statutory auditors' fee                               MGMT             YES      FOR        FOR
                     Approve directors' fees
                   6 Increase authorized capital                                           MGMT             YES      FOR        FOR
                   7 Reduce authorized capital                                             MGMT             YES      FOR        FOR
                   8 Establish board committees                                            MGMT             YES      FOR        FOR
                   9 Establish board committees                                            MGMT             YES      FOR        FOR
                  10 Amend board/supervisory board size                                    MGMT             YES      FOR        FOR
                  11 Amend articles--technical                                             MGMT             YES      FOR        FOR
                  12 Amend articles--technical                                             MGMT             YES      FOR        FOR

Banco Santander Chile                                        SAN               05965X109   4/19/05          Annual
                   1 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   2 Set Final Dividend at 1.05                                            MGMT             NO       TAKE NO ACTION
                   3 Appoint outside auditors                                              MGMT             NO       TAKE NO ACTION
                   4 Election of directors by slate                                        MGMT             NO       TAKE NO ACTION
                   5 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                   6 Approve committee budget                                              MGMT             NO       TAKE NO ACTION
                   7 Approve related party transactions                                    MGMT             NO       TAKE NO ACTION
                   8 Consider other business                                               MGMT             NO       TAKE NO ACTION

Bank Leumi                                                                     M16043107   2/1/05           Special
                   1 Approve interim dividend                                              MGMT             YES      FOR        FOR
                   2 Indemnify directors/officers                                          MGMT             YES      FOR        FOR
                   3 Elect Israel Galad                                                    MGMT             YES      FOR        FOR

Bank Leumi                                                                     M16043107   6/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Elect Itzhak Hoffi                                                    MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                6.01 Amend supermajority requirement                                       MGMT             YES      FOR        FOR
                6.02 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                6.03 Amend terms of indemnification                                        MGMT             YES      FOR        FOR
                6.04 Authorize charitable donations                                        MGMT             YES      FOR        FOR
                6.05 Amend board election rules                                            MGMT             YES      FOR        FOR
                6.06 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                6.07 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   8 Approve bonus                                                         MGMT             YES      FOR        FOR
                   9 Indemnify directors/officers                                          MGMT             YES      FOR        FOR

Bank Mandiri                                                                   Y7123S108   5/16/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   5 Approve stock option plan                                             MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR

Bank Rakyat Indonesia (Persero)                                                Y0697U104   5/17/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   5 Approve description of directors' duties and responsibilities         MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   7 Misc. non-U.S. mgt compensation                                       MGMT             YES     AGNST      AGNST
                   8 Misc. non-U.S. mgt capital                                            MGMT             YES      FOR        FOR

Barloworld                                                                     S08470189   1/20/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Elect P. John Blackbeard                                              MGMT             YES      FOR        FOR
                   3 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR
                   6 Allow company to give guarantees                                      MGMT             YES      FOR        FOR

Bezeq Israel Telecom                                         BEZQ              6098032     9/14/04          Special
                   1 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR
                   2 Elect Dissident Director(s)                                           SHLDR            YES    ABSTAIN    AGNST

Bezeq Israel Telecom                                         BEZQ              6098032     12/7/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   3 Election of Directors by Slate                                        MGMT             YES      FOR        FOR
                   4 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   5 Amend Board Election Rules                                            MGMT             YES      FOR        FOR
                   6 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Bezeq Israel Telecom                                         BEZQ              M2012Q100   3/1/05           Special
                   1 Elect Rachel Kremmerman-Meridor                                       MGMT             YES      FOR        FOR
                   2 Approve bonus                                                         MGMT             YES      FOR        FOR

Bezeq Israel Telecom                                         BEZQ              M2012Q100   3/22/05          Special
                   1 Election of directors by slate                                        MGMT             YES      FOR        FOR

Bezeq Israel Telecom                                         BEZQ              M2012Q100   4/6/05           Special
                   1 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   2 Indemnify directors/officers                                          MGMT             YES      FOR        FOR
                   3 Misc. non-U.S. mgt compensation                                       MGMT             YES      FOR        FOR

Bezeq Israel Telecom                                         BEZQ              M2012Q100   5/16/05          Special
                   1 Indemnify directors/officers                                          MGMT             YES      FOR        FOR
                   2 Indemnify directors/officers                                          MGMT             YES      FOR        FOR

Bezeq Israel Telecom                                         BEZQ              M2012Q100   6/22/05          Special
                   1 Election of directors by slate                                        MGMT             YES      FOR        FOR

Bharat Electronics Ltd                                                         6098593     9/20/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 10.00                                                 MGMT             YES      FOR        FOR
                   3 Elect Dr. M. Rammohan Rao                                             MGMT             YES      FOR        FOR
                   4 Elect Prof. N. Balakrishnan                                           MGMT             YES      FOR        FOR
                   5 Elect K.N. Gupta                                                      MGMT             YES      FOR        FOR
                   6 Elect K.U. Limaye                                                     MGMT             YES      FOR        FOR
                   7 Elect Mohd. Haleem Khan                                               MGMT             YES      FOR        FOR
                   8 Elect Vice Admiral P. Jaitly                                          MGMT             YES      FOR        FOR
                   9 Elect Lt. Gen. Davinder Kumar                                         MGMT             YES      FOR        FOR
                  10 Elect M.L. Shanmukh                                                   MGMT             YES      FOR        FOR

Bharat Heavy Electricals Ltd                                 BHEL IN           6129523     9/28/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 6.00                                                  MGMT             YES      FOR        FOR
                   3 Elect Harsh Wardhan Bhatnager                                         MGMT             YES      FOR        FOR
                   4 Elect Chinnasamy Iyengar Srinivasan                                   MGMT             YES      FOR        FOR
                   5 Elect Sharad Pandurang Upasani                                        MGMT             YES      FOR        FOR
                   6 Set Auditors' Fees                                                    MGMT             YES      FOR        FOR
                   7 Elect Ramji Rai                                                       MGMT             YES      FOR        FOR
                   8 Elect Santosh Kumar Jain                                              MGMT             YES      FOR        FOR
                   9 Elect Akbar Hameed Jung                                               MGMT             YES      FOR        FOR
                  10 Elect Sudhir Shridhar Supe                                            MGMT             YES      FOR        FOR
                  11 Elect Ranjan Pant                                                     MGMT             YES      FOR        FOR
                  12 Elect Vineet Nayyar                                                   MGMT             YES      FOR        FOR
                  13 Elect Ashok Kumar Puri                                                MGMT             YES      FOR        FOR
                  14 Elect Naresh Chaturvedi                                               MGMT             YES      FOR        FOR
                  15 Elect Dilip Raj Singh Chaudhary                                       MGMT             YES      FOR        FOR
                  16 Add or Remove Exchange Listing                                        MGMT             YES      FOR        FOR

Bharat Petroleum Ltd                                                           6099723     8/30/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at Rs.11.50                                        MGMT             YES      FOR        FOR
                   3 Elect Ashok Sinha                                                     MGMT             YES      FOR        FOR
                   4 Elect S. Radhakrishnan                                                MGMT             YES      FOR        FOR
                   5 Elect M. Rohatgi                                                      MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   7 Elect A.K. Srivastava                                                 MGMT             YES      FOR        FOR
                   8 Elect Prof. V.D. Gupta                                                MGMT             YES      FOR        FOR
                   9 Elect P.C. Sen                                                        MGMT             YES      FOR        FOR
                  10 Elect A.H. Kalro                                                      MGMT             YES      FOR        FOR

Bharti Tele-Ventures                                                           6442327     8/20/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect N. Kumar                                                        MGMT             YES      FOR        FOR
                   3 Elect P. O'Sullivan                                                   MGMT             YES      FOR        FOR
                   4 Elect P. Prasad                                                       MGMT             YES      FOR        FOR
                   5 Elect L.C. Lang                                                       MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   7 Elect Prof. V.S. Raju                                                 MGMT             YES      FOR        FOR
                   8 Elect K. Hellstrom                                                    MGMT             YES      FOR        FOR
                   9 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  10 Authorize Charitable Donations                                        MGMT             YES      FOR        FOR
                  11 Amend Stock Option Plan                                               MGMT             YES      FOR        FOR
                  12 Issue Convertible Debt Instruments                                    MGMT             YES      FOR        FOR

Bharti Tele-Ventures                                                           6442327     10/6/04           Special
                   1 Allow Company to Give Guarantees                                      MGMT              YES     FOR        FOR

Bharti Tele-Ventures                                                           6442327     10/9/04           Special
                   1 Issue Stock w/o Preemptive Rights                                     MGMT              YES     FOR        FOR
                     Approve Merger/Acquisition
                   2 Amend Borrowing Powers                                                MGMT              YES     FOR        FOR
                   3 Allow Company to Give Guarantees                                      MGMT              YES     FOR        FOR

Bharti Tele-Ventures                                                           6442327     10/9/04           Annual
                   1 Approve Scheme of Arrangement                                         MGMT              YES     FOR        FOR

Bisa Private Placement (ARS)                                 ECB255            ECB255      11/4/04           Annual
                   1 Authorize Legal Formalities                                           MGMT              YES     FOR        FOR
                   2 Approve Financial Statements                                          MGMT              YES     FOR        FOR
                   3 Ratify Board Acts-Legal                                               MGMT              YES     FOR        FOR
                     Ratify Statutory Auditor Acts -- Legal
                   4 Approve Directors' Fees                                               MGMT              YES     FOR        FOR
                     Approve Maximum Statutory Auditor Fees
                   5 Approve Financial Statements                                          MGMT              YES     FOR        FOR
                   6 Election of Directors by Slate                                        MGMT              YES     FOR        FOR
                   7 Elect Statutory Auditors                                              MGMT              YES     FOR        FOR
                   8 Authorize Legal Formalities                                           MGMT              YES     FOR        FOR

BYD Co                                                                         6536651     11/10/04          Special
                   1 Elect Lin You-ren                                                     MGMT              YES     FOR        FOR

BYD Co                                                                         Y1023R104   5/18/05           Annual
                   1 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   3 Approve financial statements                                          MGMT              YES     FOR        FOR
                   4 Set Final Dividend at 57.70                                           MGMT              YES     FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   6 Consider other business                                               MGMT              YES    AGNST      AGNST
                   7 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                   8 Consider other business                                               MGMT              YES    AGNST      AGNST

CANTV CA Nacional Telefonos de Venezuela                     VNT               204421101   12/7/04           Special
                   1 Approve Merger/Acquisition                                            MGMT              YES     FOR        FOR
                   2 Approve Bonus Dividend/Bonus Share Issue                              MGMT              YES     FOR        FOR

CANTV CA Nacional Telefonos de Venezuela                                       204421101   3/31/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set Final Dividend at 505.00                                          MGMT              YES     FOR        FOR
                3.01 Elect Gustavo Roosen                                                  MGMT              YES     FOR        FOR
                3.02 Elect Daniel C. Petri                                                 MGMT              YES     FOR        FOR
                3.03 Elect John Lack                                                       MGMT              YES     FOR        FOR
                3.04 Elect Edward McQuaid                                                  MGMT              YES     FOR        FOR
                3.05 Elect Ruth de Krivoy                                                  MGMT              YES     FOR        FOR
                3.06 Elect Ricardo Hausmann                                                MGMT              YES     FOR        FOR
                3.07 Elect Lorenzo Mendoza Gimemez                                         MGMT              YES     FOR        FOR
                   4 Appoint outside auditors                                              MGMT              YES     FOR        FOR
                   5 Elect statutory auditors                                              MGMT              YES     FOR        FOR
                     Approve maximum statutory auditors' fee
                   6 Issue debt instruments                                                MGMT              YES     FOR        FOR

Cathay Financial Holding Co                                                    Y11654103   6/3/05            Annual
                1.01 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                1.02 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Approve financial statements                                          MGMT              YES     FOR        FOR
                   3 Set Final Dividend at 2.50                                            MGMT              YES     FOR        FOR
                   4 Approve related party transactions                                    MGMT              YES     FOR        FOR
                   5 Amend articles--technical                                             MGMT              YES    AGNST      AGNST
                   6 Consider other business                                               MGMT              YES     FOR        FOR

Celular CRT Participacoes                                                      P2195N137   3/30/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT              YES    AGNST      AGNST
                   3 Increase authorized capital                                           MGMT              YES    AGNST      AGNST
                   4 Authorize legal formalities                                           MGMT              YES    AGNST      AGNST
                   5 Elect statutory auditors                                              MGMT              YES     FOR        FOR
                   6 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Approve maximum statutory auditors' fee
                   7 Amend articles to reflect capital inc/decrease                        MGMT              YES     FOR        FOR
                   8 Approve reverse stock split                                           MGMT              YES     FOR        FOR
                   9 Amend articles to reflect capital inc/decrease                        MGMT              YES     FOR        FOR

Cementos Argos                                               ARGOS             P2233P102   3/16/05           Annual
                   1 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   3 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   4 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   5 NV -  Receive statutory reports                                       MGMT              YES     FOR        FOR
                   6 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   7 Approve financial statements                                          MGMT              YES     FOR        FOR
                   8 Set dividend at 504.00                                                MGMT              YES     FOR        FOR
                   9 Approve directors' fees                                               MGMT              YES     FOR        FOR
                  10 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                  11 Consider other business                                               MGMT              YES     FOR        FOR

Cemex SA de CV                                                                 151290889   4/28/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT              YES     FOR        FOR
                     Authorize share repurchase
                   3 Approve scrip dividend/dividend reinvestment plan                     MGMT              YES     FOR        FOR
                   4 Elect shareholder representatives                                     MGMT              YES     FOR        FOR
                     Election of directors by slate
                   5 Approve shareholder representative fees                               MGMT              YES     FOR        FOR
                     Approve directors' fees
                   6 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   7 Approve stock split                                                   MGMT              YES     FOR        FOR
                   8 Authorize legal formalities                                           MGMT              YES     FOR        FOR

Cemex SA de CV                                                                 P22561321   4/28/05           Special
                   1 Approve stock split                                                   MGMT              YES     FOR        FOR
                   2 Authorize legal formalities                                           MGMT              YES     FOR        FOR

CEMIG (Companhia Energetica de Minas Gerais)                                   P2577R110   4/29/05           Annual
                   4 Elect statutory auditors                                              MGMT              YES     FOR        FOR
                     Approve maximum statutory auditors' fee

Centrais Eletricas Brasileiras (Eletrobras)                                    15234Q207   4/28/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   3 Set Final Dividend at 0.28                                            MGMT              YES     FOR        FOR
                   4 Elect statutory auditors                                              MGMT              YES     FOR        FOR
                   5 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Approve maximum statutory auditors' fee
                   6 Increase authorized capital                                           MGMT              YES     FOR        FOR
                   7 Increase authorized capital                                           MGMT              YES     FOR        FOR
                   8 Amend board election rules                                            MGMT              YES     FOR        FOR
                   9 Election of directors by slate                                        MGMT              YES     FOR        FOR

Centrais Eletricas Brasileiras (Eletrobras)                                    P22854122   6/30/05           Special
                   1 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Election of directors by slate                                        MGMT              YES     FOR        FOR

Cesky Telecom                                                                  15713M107   2/3/05            Special
                   1 Open meeting                                                          MGMT              NO      TAKE NO ACTION
                   2 Approve meeting formalities                                           MGMT              NO      TAKE NO ACTION
                   3 Amend executive profit sharing/bonus plan                             MGMT              NO      TAKE NO ACTION
                   4 End meeting                                                           MGMT              NO      TAKE NO ACTION

Cheil Communications                                         30000             Y1296G108   2/28/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Election of directors by slate                                        MGMT              YES     FOR        FOR
                   3 Approve directors' fees                                               MGMT              YES     FOR        FOR
                   4 Approve maximum statutory auditors' fee                               MGMT              YES     FOR        FOR

Chi Mei Optoelectronics Corp                                                   Y1371Q104   5/13/05           Annual
                1.01 Misc. non-U.S. mgt routine                                            MGMT              YES     FOR        FOR
                1.02 Misc. non-U.S. mgt routine                                            MGMT              YES     FOR        FOR
                1.03 Misc. non-U.S. mgt routine                                            MGMT              YES     FOR        FOR
                1.04 Misc. non-U.S. mgt routine                                            MGMT              YES     FOR        FOR
                2.01 Approve financial statements                                          MGMT              YES     FOR        FOR
                2.02 Set Final Dividend at 0.40                                            MGMT              YES     FOR        FOR
                3.01 Approve application for tax exemption                                 MGMT              YES     FOR        FOR
                3.02 Misc. non-U.S. mgt capital                                            MGMT              YES     FOR        FOR
                     Approve special dividend/bonus share issue
                3.03 Misc. non-U.S. mgt capital                                            MGMT              YES     FOR        FOR
                3.04 Approve Issue of preferred stock                                      MGMT              YES     FOR        FOR
                3.05 Amend articles--technical                                             MGMT              YES    AGNST      AGNST
                3.06 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                   4 Consider other business                                               MGMT              YES     FOR        FOR

China Life Insurance Co Ltd                                                    6718976     8/26/04           Special
                   1 Elect Shi Guoqing                                                     MGMT              YES     FOR        FOR

China Life Insurance Co Ltd                                  LFC               16939P106   8/26/04           Special
                   1 Elect Shi Guoqing                                                     MGMT              YES     FOR        FOR

China Life Insurance Co Ltd                                  02628             Y1477R204   6/16/05           Annual
                   1 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   3 Approve financial statements                                          MGMT              YES     FOR        FOR
                   4 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   5 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   6 Amend board powers/procedures/qualifications                          MGMT              YES     FOR        FOR
                     Amend meeting procedures/change date
                     Amend board/supervisory board size
                   7 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                     Amend articles to reflect capital inc/decrease

China Life Insurance Co Ltd                                  LFC               16939P106   6/16/05           Annual
                   1 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   3 Approve financial statements                                          MGMT              YES     FOR        FOR
                   4 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   5 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   6 Amend board powers/procedures/qualifications                          MGMT              YES     FOR        FOR
                     Amend meeting procedures/change date
                     Amend board/supervisory board size
                   7 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                     Amend articles to reflect capital inc/decrease

China Mengniu Dairy Co                                       02319             G21096105   6/28/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set Final Dividend at 0.06                                            MGMT              YES     FOR        FOR
                3.01 Elect Niu Gensheng                                                    MGMT              YES     FOR        FOR
                     Approve directors' fees
                3.02 Elect Sun Yubin                                                       MGMT              YES     FOR        FOR
                     Approve directors' fees
                3.03 Elect Li Jianxin                                                      MGMT              YES     FOR        FOR
                     Approve directors' fees
                   4 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   5 Authorize share repurchase                                            MGMT              YES     FOR        FOR
                   6 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                   7 Reissuance of shares/treasury stock                                   MGMT              YES    AGNST      AGNST
                   8 Approve stock option plan                                             MGMT              YES     FOR        FOR
                   9 Approve related party transactions                                    MGMT              YES     FOR        FOR
                  10 Amend articles--technical                                             MGMT              YES     FOR        FOR

China Merchants Holdings International                       00144             6416139     10/4/04           Special
                   1 Approve Divestiture/Spin-off                                          MGMT              YES     FOR        FOR

China Merchants Holdings International                       00144             Y1489Q103   5/10/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set Final Dividend at 30.00                                           MGMT              YES     FOR        FOR
                   3 Election of directors by slate                                        MGMT              YES     FOR        FOR
                     Approve directors' fees
                   4 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                5.01 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                5.02 Authorize share repurchase                                            MGMT              YES     FOR        FOR
                5.03 Reissuance of shares/treasury stock                                   MGMT              YES    AGNST      AGNST
                   6 Amend board election rules                                            MGMT              YES     FOR        FOR

China Mobile (Hong Kong) Ltd                                 00941             Y14965100   5/12/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set Final Dividend at 0.46                                            MGMT              YES     FOR        FOR
                   3 Election of directors by slate                                        MGMT              YES     FOR        FOR
                   4 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   5 Authorize share repurchase                                            MGMT              YES     FOR        FOR
                   6 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                   7 Reissuance of shares/treasury stock                                   MGMT              YES     FOR        FOR

China Netcom Group Corporation (Hong Kong) Ltd                                 Y1505N100   5/20/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT              YES     FOR        FOR
                   3 Election of directors by slate                                        MGMT              YES     FOR        FOR
                   4 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   5 Approve directors' fees                                               MGMT              YES     FOR        FOR
                   6 Authorize share repurchase                                            MGMT              YES     FOR        FOR
                   7 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                   8 Reissuance of shares/treasury stock                                   MGMT              YES    AGNST      AGNST

China Oilfield Services                                      02883             6560995     10/28/04          Special
                   1 Approve Bonus Dividend/Bonus Share Issue                              MGMT              YES     FOR        FOR
                   2 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST
                   3 Amend Board Election Rules                                            MGMT              YES     FOR        FOR
                     Amend Meeting Procedures/Change Date
                     Amend Articles--Technical
                     Amend Board Powers/Procedures/Qualifications

China Oilfield Services                                      02883             6560995     11/29/04          Special
                   1 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST
                   2 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST
                   3 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST
                   4 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST
                   5 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST
                   6 Approve Related Party Transactions                                    MGMT              YES    AGNST      AGNST

China Oilfield Services                                      02883             Y15002101   5/25/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set Dividend at 0.02                                                  MGMT              YES     FOR        FOR
                   3 Misc. non-U.S. mgt capital                                            MGMT              YES     FOR        FOR
                   4 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   5 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   6 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Elect Fu Chengyu
                   7 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Elect Yuan Guangyu
                   8 Elect Andrew Y. Yan                                                   MGMT              YES     FOR        FOR
                     Approve directors' fees
                   9 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Elect Gordon Kwong Che Keung
                  10 Elect Zhang Benchun                                                   MGMT              YES     FOR        FOR
                     Approve directors' fees
                  11 Approve directors' fees                                               MGMT              YES     FOR        FOR
                     Elect Xiao Jianwen
                  12 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR

China Petroleum & Chemical Co (Sinopec)                                        6291819     12/21/04          Special
                   1 Approve Merger/Acquisition                                            MGMT              YES     FOR        FOR
                     Approve Related Party Transactions
                   2 Approve Merger/Acquisition                                            MGMT              YES     FOR        FOR
                     Approve Related Party Transactions
                   3 Approve Merger/Acquisition                                            MGMT              YES     FOR        FOR
                     Approve Related Party Transactions
                   4 Approve Divestiture/Spin-off                                          MGMT              YES     FOR        FOR
                     Approve Related Party Transactions
                   5 Authorize Legal Formalities                                           MGMT              YES     FOR        FOR
                   6 Authorize Legal Formalities                                           MGMT              YES     FOR        FOR

China Shipping Development Co                                01138             6782045     8/17/04           Special
                   1 Elect Wong Kunhe                                                      MGMT              YES     FOR        FOR
                   2 Issue Convertible Debt Instruments                                    MGMT              YES     FOR        FOR
                     Increase Authorized Capital

China Shipping Development Co                                01138             Y1503Y108   3/1/05            Special
                   1 Approve related party transactions                                    MGMT              YES     FOR        FOR
                   2 Approve related party transactions                                    MGMT              YES     FOR        FOR
                   3 Approve related party transactions                                    MGMT              YES     FOR        FOR
                   4 Approve related party transactions                                    MGMT              YES    AGNST      AGNST
                   5 Approve related party transactions                                    MGMT              YES     FOR        FOR
                   6 Approve related party transactions                                    MGMT              YES     FOR        FOR
                   7 Approve property sale                                                 MGMT              YES   ABSTAIN     AGNST
                     Approve related party transactions
                   8 Elect Mao Shi Jia                                                     MGMT              YES     FOR        FOR
                   9 Elect supervisory board/corporate assembly                            MGMT              YES     FOR        FOR

China Telecom Corp Ltd                                       00728             6559335     10/20/04          Special
                1.01 Approve Directors' Fees                                               MGMT              YES     FOR        FOR
                     Elect Yang Jie
                1.02 Elect Sun Kangmin                                                     MGMT              YES     FOR        FOR
                     Approve Directors' Fees
                   2 Set Board/Supervisory Board Size Limits                               MGMT              YES     FOR        FOR
                     Amend Articles--Technical
                     Amend Articles for Capital Increase/Decrease
                     Amend Board Powers/Procedures/Qualifications

China Telecom Corp Ltd                                       00728             6559335     12/20/04          Special
                   1 Authorize Legal Formalities                                           MGMT              YES     FOR        FOR
                   2 Authorize Legal Formalities                                           MGMT              YES     FOR        FOR
                   3 Elect Wang Xiaochu                                                    MGMT              YES     FOR        FOR
                     Approve Directors' Fees
                   4 Elect Leng Rongquan                                                   MGMT              YES     FOR        FOR
                     Approve Directors' Fees
                   5 Elect Li Jinming                                                      MGMT              YES     FOR        FOR
                     Approve Directors' Fees

China Telecom Corp Ltd                                       00728             Y1505D102   5/25/05           Annual
                   1 Approve financial statements                                          MGMT              YES     FOR        FOR
                   2 Set Dividend at 6.89                                                  MGMT              YES     FOR        FOR
                   3 Appoint auditors and set their fees                                   MGMT              YES     FOR        FOR
                   4 Ratify board acts-legal                                               MGMT              YES     FOR        FOR
                   5 Issue stock w/o preemptive rights                                     MGMT              YES    AGNST      AGNST
                   6 Increase authorized capital                                           MGMT              YES    AGNST      AGNST

Chinadotcom                                                                    B00FV34     9/15/04           Annual
                   1 Elect Carrick John Clough                                             MGMT              YES     FOR        FOR
                2.01 Elect Thomas M. Britt, III                                            MGMT              YES     FOR        FOR
                2.02 Elect Kwong Ki Chi                                                    MGMT              YES     FOR        FOR
                   3 Elect William Fung Kwok Lun                                           MGMT              YES     FOR        FOR
                   4 Approve Stock Purchase Plan/SAYE/AESOP                                MGMT              YES     FOR        FOR
                   5 Approve Financial Statements                                          MGMT              YES     FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT              YES     FOR        FOR

chinadotcom                                                  CHINA             G2108N109   4/20/05           Special
                   1 Change company name                                                   MGMT              YES     FOR        FOR

Chinatrust Financial Holding                                                   Y15093100   6/10/05           Annual
                1.01 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                1.02 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                1.03 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                1.04 Authorize legal formalities                                           MGMT              YES     FOR        FOR
                   2 Approve financial statements                                          MGMT              YES     FOR        FOR
                   3 Set Final Dividend at 0.60                                            MGMT              YES     FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT              YES     FOR        FOR
                   5 Amend articles--technical                                             MGMT              YES     FOR        FOR
                6.01 Elect Jeffrey L.S. Koo                                                MGMT              YES     FOR        FOR
                6.02 Elect Jeffrey J.L. Koo                                                MGMT              YES     FOR        FOR
                6.03 Elect Yen Wen Long                                                    MGMT              YES     FOR        FOR
                6.04 Elect directors - other markets                                       MGMT              YES     FOR        FOR
                6.05 Elect directors - other markets                                       MGMT              YES     FOR        FOR
                6.06 Elect directors - other markets                                       MGMT              YES     FOR        FOR
                6.07 Elect directors - other markets                                       MGMT              YES     FOR        FOR

Chunghwa Telecom                                                               Y1613J108   6/21/05           Annual
                1.01 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.02 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.03 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.04 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.05 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 4.70                                            MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   5 Consider other business                                               MGMT             YES      FOR        FOR

CIMB Berhad                                                                    Y1633B101   4/15/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 11.00                                           MGMT             YES      FOR        FOR
                   3 Elect Dato' Nazir Razak                                               MGMT             YES      FOR        FOR
                   4 Elect Robert Cheim Dau Meng                                           MGMT             YES      FOR        FOR
                   5 Elect Zahardin Omardin                                                MGMT             YES      FOR        FOR
                   6 Elect Cesar P. Consing                                                MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                  10 Authorize share repurchase                                            MGMT             YES     AGNST      AGNST
                     Reissuance of shares/treasury stock

CIMB Berhad                                                                    Y1633B101   6/3/05           Special
                   1 Approve merger/acquisition                                            MGMT             YES      FOR        FOR
                   2 Issue stock w/ preemptive rights                                      MGMT             YES     AGNST      AGNST

CJ Home Shopping                                             035760            Y16608104   2/28/05          Annual
                   1 Set Dividend at 1750                                                  MGMT             YES      FOR        FOR
                     Approve financial statements
                   2 Elect directors - other markets                                       MGMT             YES      FOR        FOR
                   3 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Clear Media                                                  00100             G21990109   5/27/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Approve directors' fees
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   4 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   6 Reissuance of shares/treasury stock                                   MGMT             YES     AGNST      AGNST
                   7 Increase authorized capital                                           MGMT             YES      FOR        FOR

Coca-Cola FEMSA SA                                           KOF               191241108   3/8/05           Annual
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                     Approve directors' fees
                     Approve shareholder representative fees
                   6 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST

Comercial Siglo XXI                                          LA POLAR          P2935M100   4/27/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Consider other business                                               MGMT             YES      FOR        FOR

Comercial Siglo XXI                                          LA POLAR          P2935M100   4/27/05          Special
                   1 Change company name                                                   MGMT             YES      FOR        FOR
                   2 Amend company purpose                                                 MGMT             YES      FOR        FOR

Commerce Asset Holding Bhd                                   COMMERZ           6075745     8/23/04          Special
                   1 Amend Articles--Technical                                             MGMT             YES      FOR        FOR
                   2 Issue Convertible Debt Instruments                                    MGMT             YES      FOR        FOR
                   3 Amend Stock Option Plan                                               MGMT             YES     AGNST       FOR
                     Amend Articles--Technical
                   4 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   5 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   6 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   7 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   8 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   9 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST

Commerce Asset Holding Bhd                                   COMMERZ           Y16902101   4/18/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 15.00                                           MGMT             YES      FOR        FOR
                   3 Elect Dato' Mohd Desa Pachi                                           MGMT             YES      FOR        FOR
                   4 Elect Dato' Anwar Aji                                                 MGMT             YES      FOR        FOR
                   5 Elect Dr. Roslan A. Ghaffar                                           MGMT             YES      FOR        FOR
                   6 Elect Izlan Izhab                                                     MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                  10 Authorize share repurchase                                            MGMT             YES     AGNST      AGNST
                     Reissuance of shares/treasury stock

Commercial International Bank                                CIBEY             M25561107   3/29/05          Annual
                   1 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   3 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   4 Set dividend/allocate profits                                         MGMT             NO       TAKE NO ACTION
                   5 Ratify board acts-legal                                               MGMT             NO       TAKE NO ACTION
                   6 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                   7 Appoint auditors and set their fees                                   MGMT             NO       TAKE NO ACTION
                   8 Authorize charitable donations                                        MGMT             NO       TAKE NO ACTION
                   9 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                  10 Approve bonus                                                         MGMT             NO       TAKE NO ACTION

Companhia de Bebidas das Americas (AMBEV)                                      2361932     8/27/04          Special
                   1 Increase Authorized Capital                                           MGMT             YES     AGNST      AGNST
                   2 Increase Authorized Capital                                           MGMT             YES     AGNST      AGNST
                     Authorize Legal Formalities
                     Amend Articles for Capital Increase/Decrease

Companhia de Concessoes Rodoviarias                                            2840970     9/14/04          Special
                   1 Relocate Corporate Headquarters                                       MGMT             YES      FOR        FOR

Companhia de Concessoes Rodoviarias                                            2840970     11/25/04         Special
                   1 Election of Directors by Slate                                        MGMT             YES      FOR        FOR

Companhia de Concessoes Rodoviarias                                            P1413U105   3/31/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Approve capital budget                                                MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Set board/supervisory board size limits                               MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Appoint board commission                                              MGMT             YES      FOR        FOR

Companhia Vale do Rio Doce                                                     204412209   8/18/04          Special
                   1 Approve Stock Split                                                   MGMT             YES      FOR        FOR
                   2 Elect Statutory Auditors                                              MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Companhia Vale do Rio Doce                                   RIO               204412100   8/18/04          Special
                   1 Approve Stock Split                                                   MGMT             YES      FOR        FOR
                   2 Elect Statutory Auditors                                              MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Companhia Vale do Rio Doce                                                     2196286     8/18/04          Special
                   1 Approve Stock Split                                                   MGMT             YES      FOR        FOR
                   2 Elect Statutory Auditors                                              MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Companhia Vale do Rio Doce                                   RIO               204412209   4/27/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Increase authorized capital                                           MGMT             YES      FOR        FOR
                   7 Amend dividend distribution rules                                     MGMT             YES      FOR        FOR

Companhia Vale do Rio Doce                                                     204412100   4/27/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Increase authorized capital                                           MGMT             YES      FOR        FOR
                   7 Amend dividend distribution rules                                     MGMT             YES      FOR        FOR

Compania de Telecomunicaciones de Chile SA                                     204449300   7/15/04          Special
                   1 Approve Divestiture/Spin-off                                          MGMT             YES     AGNST      AGNST
                     Approve Related Party Transactions
                   2 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   3 Approve Bonus Dividend/Bonus Share Issue                              MGMT             YES     AGNST      AGNST

Compania de Telecomunicaciones de Chile SA                                     204449300   4/14/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 58.85                                           MGMT             YES      FOR        FOR
                   3 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Appoint risk-rating agency                                            MGMT             YES      FOR        FOR
                  10 Approve committee fees                                                MGMT             YES      FOR        FOR
                     Approve committee budget
                  12 Approve investment policies                                           MGMT             YES      FOR        FOR
                  15 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  16 Consider other business                                               MGMT             YES      FOR        FOR

Controladora Comercial Mexicana                                                P3097R168   4/7/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 0.03                                            MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                     Elect board committee
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve shareholder representative fees
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Credicorp                                                    BAP               G2519Y108   3/31/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Amend board election rules                                            MGMT             YES      FOR        FOR
                     Amend board/supervisory board size
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Approve directors' fees
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR

Crew Gold Corp                                                                 226534105   12/17/04         Annual
                   1 Set board/supervisory board size limits                               MGMT             YES      FOR        FOR
                2.01 Elect Hans Christian Qvist                                            MGMT             YES      FOR        FOR
                2.02 Elect Cameron G. Belsher                                              MGMT             YES      FOR        FOR
                2.03 Elect Brian C. Hosking                                                MGMT             YES      FOR        FOR
                2.04 Elect A. Simon Malone                                                 MGMT             YES      FOR        FOR
                2.05 Elect Michael A. Price                                                MGMT             YES      FOR        FOR
                2.06 Elect Jan A. Vestrum                                                  MGMT             YES      FOR        FOR
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   4 Increase authorized capital                                           MGMT             YES      FOR        FOR

Cummins India                                                                  6294863     7/29/04          Annual
                   2 Set Final Dividend at 2.00                                            MGMT             YES      FOR        FOR
                   3 Elect Rajeev Bakshi                                                   MGMT             YES      FOR        FOR
                   4 Elect N.M. Munjee                                                     MGMT             YES      FOR        FOR
                   5 Elect S.M. Chapman                                                    MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   7 Elect Dr. John Wall                                                   MGMT             YES      FOR        FOR
                   8 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                   9 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  10 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                  11 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Daewoo Heavy Industries & Machinery                                            Y1895N108   4/29/05          Special
                   1 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Daewoo Securities                                                              Y1916K109   5/27/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Dividend at 0.00
                   2 Amend articles--technical                                             MGMT             YES      FOR        FOR
                     Amend company purpose
                     Set board/supervisory board size limits
                3.01 Elect Boo Whan Han                                                    MGMT             YES      FOR        FOR
                3.02 Elect Yong Seok                                                       MGMT             YES      FOR        FOR
                3.03 Elect Ho Su Oh                                                        MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Elect board committee                                                 MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR

DBS Group Holdings                                                             Y20246107   4/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Set Final Dividend at 22.00                                           MGMT             YES      FOR        FOR
                2.02 Set Final Dividend at 12.00                                           MGMT             YES      FOR        FOR
                2.03 Set Final Dividend at 12.00                                           MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   4 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                5.01 Elect Jackson P. Tai                                                  MGMT             YES      FOR        FOR
                5.02 Elect Leung Chun Ying                                                 MGMT             YES      FOR        FOR
                5.03 Elect Peter Ong                                                       MGMT             YES      FOR        FOR
                5.04 Elect John A. Ross                                                    MGMT             YES      FOR        FOR
                5.05 Elect Ang Kong Hua                                                    MGMT             YES      FOR        FOR
                5.06 Elect Goh Geok Ling                                                   MGMT             YES      FOR        FOR
                5.07 Elect Wong Ngit Liong                                                 MGMT             YES      FOR        FOR
                6.01 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                6.02 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                6.03 Issue stock w/ preemptive rights                                      MGMT             YES     AGNST      AGNST
                     Issue stock w/o preemptive rights
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   8 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Delta Electronic                                                               Y20263102   5/19/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.04 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.05 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 2.50                                            MGMT             YES      FOR        FOR
                   4 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   5 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   6 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   7 Consider other business                                               MGMT             YES      FOR        FOR
                   8 Consider other business                                               MGMT             YES      FOR        FOR

Distribucion y Servicio (D&S)                                                  2253653     10/26/04         Special
                   1 Amend Articles for Capital Increase/Decrease                          MGMT             YES     AGNST      AGNST
                   2 Authorize Share Repurchase                                            MGMT             YES     AGNST      AGNST
                   3 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   4 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST

Dr. Reddy's Laboratories                                                       6410959     7/28/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 5.00                                                  MGMT             YES      FOR        FOR
                   3 Acknowledge Director Retirement                                       MGMT             YES      FOR        FOR
                   4 Elect Anupam Puri                                                     MGMT             YES      FOR        FOR
                   5 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                     Issue Convertible Debt Instruments
                   7 Amend Stock Option Plan                                               MGMT             YES     AGNST      AGNST
                   8 Amend Articles to Authorize Share Repurchase                          MGMT             YES      FOR        FOR

Egyptian Company for Mobile Services (MobiNiL)                                 6103925     7/29/04          Special
                   1 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Egyptian Company for Mobile Services (MobiNiL)                                 6103925     12/16/04         Special
                   1 Approve interim dividend                                              MGMT             NO       TAKE NO ACTION
                   2 Misc. Non-U.S. Mgt Board                                              MGMT             NO       TAKE NO ACTION

Egyptian Company for Mobile Services (MobiNiL)                                 M36763106   3/31/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   5 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Authorize charitable donations                                        MGMT             YES     AGNST      AGNST
                   9 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  10 Approve compensation contracts                                        MGMT             YES      FOR        FOR

Electricity Generating                                                         Y22834116   4/25/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 1.50                                            MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Consider other business                                               MGMT             YES      FOR        FOR

Embotelladora Andina                                         AKO               29081P204   4/19/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 4.80                                            MGMT             YES      FOR        FOR
                   3 Amend dividend distribution rules                                     MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   7 Appoint risk-rating agency                                            MGMT             YES      FOR        FOR
                   8 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   9 Consider other business                                               MGMT             YES      FOR        FOR

Empresas ICA Sociedad Controladora                                             2314334     11/19/04         Special
                   1 Approve Undisclosed Article Amendments                                MGMT             YES      FOR        FOR
                   2 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Empresas ICA Sociedad Controladora                           ICA               P37149104   4/21/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                   5 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve shareholder representative fees
                   8 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Empresas ICA Sociedad Controladora                           ICA               P37149104   4/21/05          Special
                   1 Require board approval for change in control                          MGMT             YES     AGNST      AGNST
                     Amend board powers/procedures/qualifications
                   2 Replace share certificates                                            MGMT             YES     AGNST      AGNST
                   3 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   4 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST

Enersis                                                                        29274F104   4/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 0.42                                            MGMT             YES      FOR        FOR
                   7 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   9 Approve investment policies                                           MGMT             YES      FOR        FOR

Enersis                                                      ENERSIS           P37186106   4/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 0.42                                            MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   4 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   5 Approve committee fees                                                MGMT             YES      FOR        FOR
                     Approve committee budget
                   6 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   7 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   8 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   9 Approve investment policies                                           MGMT             YES      FOR        FOR
                  10 Amend dividend distribution rules                                     MGMT             YES      FOR        FOR
                  11 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                  12 Appoint risk-rating agency                                            MGMT             YES      FOR        FOR
                  13 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  14 Consider other business                                               MGMT             YES      FOR        FOR

EON Capital BHD                                                                6602938     8/24/04          Special
                   1 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                     Approve Related Party Transactions

EON Capital BHD                                                                6602938     11/24/04         Special
                   1 Approve Property Purchase                                             MGMT             YES      FOR        FOR
                   2 Approve Property Sale                                                 MGMT             YES      FOR        FOR

EON Capital BHD                                                                Y2298A115   5/26/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 8.60                                            MGMT             YES      FOR        FOR
                   3 Elect Dato' Maznah binti Abdul Jalil                                  MGMT             YES      FOR        FOR
                   4 Elect Tiong Ik King                                                   MGMT             YES      FOR        FOR
                   5 Elect Rin Kei Mei                                                     MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR

Fomento Economico Mexicano SA (FEMSA)                        FMX               344419106   7/27/04          Special
                   1 Increase Authorized Capital                                           MGMT             YES     AGNST      AGNST
                     Issue Stock w/ Preemptive Rights
                   2 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   3 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   4 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   5 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   6 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   7 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   8 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Fomento Economico Mexicano SA (FEMSA)                                          2242059     7/27/04          Special
                   1 Increase Authorized Capital                                           MGMT             YES     AGNST      AGNST
                     Issue Stock w/ Preemptive Rights
                   2 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   3 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   4 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   5 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   6 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST
                   7 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   8 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Fomento Economico Mexicano SA (FEMSA)                        FMX               344419106   3/10/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                     Approve directors' fees
                     Approve shareholder representative fees
                   5 Elect board committee                                                 MGMT             YES      FOR        FOR
                   6 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Foxconn International Holdings Ltd                           02038             B05MBB8     6/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Dai Feng Shuh                                                   MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.02 Elect Jimmy Chang Ban Ja                                              MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.03 Elect Gou Hsiao Ling                                                  MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.04 Elect Lee Jin Ming                                                    MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.05 Elect Lu Fan Ming                                                     MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.06 Elect Kevin Lau Siu Ki                                                MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.07 Elect Edward Frederick Pensel                                         MGMT             YES      FOR        FOR
                     Approve directors' fees
                2.08 Elect Mao Yu Lang                                                     MGMT             YES      FOR        FOR
                     Approve directors' fees
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   4 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   6 Reissuance of shares/treasury stock                                   MGMT             YES     AGNST      AGNST
                   7 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR
                   8 Amend board election rules                                            MGMT             YES      FOR        FOR
                     Amend articles--technical

Fubon Financial Holdings Co                                                    Y26528102   6/3/05           Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.70                                            MGMT             YES      FOR        FOR
                4.01 Elect Barry Lam                                                       MGMT             YES      FOR        FOR
                4.02 Elect Yancey Hai                                                      MGMT             YES      FOR        FOR
                4.03 Elect Chang Hong                                                      MGMT             YES      FOR        FOR
                   5 Consider other business                                               MGMT             YES      FOR        FOR

Genting Bhd Malaysia                                                           Y26926116   6/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 16.00                                           MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   4 Elect Dato' Paduka Nik Hashim bin Nik Yusoff                          MGMT             YES      FOR        FOR
                   5 Elect Dr. Lin See-Yan                                                 MGMT             YES      FOR        FOR
                   6 Elect Tan Sri Mohd Amin bin Osman                                     MGMT             YES      FOR        FOR
                   7 Elect Tan Sri Dr. Gunn Chit Tuan                                      MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                  10 Authorize share repurchase                                            MGMT             YES     AGNST      AGNST
                     Reissuance of shares/treasury stock

Globe Telecom Inc                                                              Y27257149   4/4/05           Annual
                   1 Proof of notice and existence of quorum (nonvoting item)              MGMT             YES      FOR        N/A
                   2 Approve minutes of previous shareholders
                      meeting (nonvoting item)                                             MGMT             YES      FOR        N/A
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Ratify management acts-symbolic                                       MGMT             YES      FOR        FOR
                   5 Reduce authorized capital                                             MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Consideration of other business (nonvoting item)                      MGMT             YES      FOR        FOR
                   9 Adjournment (nonvoting item)                                          MGMT             YES      FOR        N/A

Gold Fields Ltd                                              GFI               38059T106   11/16/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect Kofi Ansah                                                      MGMT             YES      FOR        FOR
                   3 Elect Gordon R. Parker                                                MGMT             YES      FOR        FOR
                   4 Elect T. M. G. (Tokyo) Sexwale                                        MGMT             YES      FOR        FOR
                   5 Elect Christopher M.T. Thompson                                       MGMT             YES      FOR        FOR
                   6 Elect Patric J. Ryan                                                  MGMT             YES      FOR        FOR
                   7 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   8 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   9 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  10 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  11 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                  12 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR

Gold Fields Ltd                                                                6280215     11/16/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect Kofi Ansah                                                      MGMT             YES      FOR        FOR
                   3 Elect Gordon R. Parker                                                MGMT             YES      FOR        FOR
                   4 Elect T. M. G. (Tokyo) Sexwale                                        MGMT             YES      FOR        FOR
                   5 Elect Christopher M.T. Thompson                                       MGMT             YES      FOR        FOR
                   6 Elect Patric J. Ryan                                                  MGMT             YES      FOR        FOR
                   7 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   8 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   9 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  10 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  11 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                  12 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR

Gold Fields Ltd                                              GFI               38059T106   12/7/04          Special
                   1 Approve Merger/Acquisition                                            MGMT             YES     AGNST      AGNST
                   2 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST

Gold Fields Ltd                                                                6280215     12/7/04          Special
                   1 Approve Merger/Acquisition                                            MGMT             YES     AGNST      AGNST
                   2 Authorize Legal Formalities                                           MGMT             YES     AGNST      AGNST

GOME Electrical Appliances Holding                           00493             G3978C108   4/15/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Approve directors' fees
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   4 Approve stock option plan                                             MGMT             YES      FOR        FOR
                   5 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   6 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   7 Reissuance of shares/treasury stock                                   MGMT             YES     AGNST      AGNST

GOME Electrical Appliances Holding                           00493             G3978C108   4/15/05          Special
                   1 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   2 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   3 Set Dividend at 2.50                                                  MGMT             YES      FOR        FOR

Grasim Industries Ltd                                                          6099927     7/17/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend/Allocate Profits                                         MGMT             YES      FOR        FOR
                   3 Elect Kumar Mangalam Birla                                            MGMT             YES      FOR        FOR
                   4 Elect M.L. Apte                                                       MGMT             YES      FOR        FOR
                   5 Elect Cyril S. Shroff                                                 MGMT             YES      FOR        FOR
                   6 Elect Y.P. Gupta                                                      MGMT             YES      FOR        FOR
                7.01 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                7.02 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                7.03 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   8 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   9 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Grupo Bimbo                                                  BIMBO             2392471     11/11/04         Special
                   1 Approve interim dividend                                              MGMT             YES      FOR        FOR
                   2 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Grupo Financiero Inbursa                                     GFINBUR           P4950U165   4/13/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve shareholder representative fees
                   6 Elect board committee                                                 MGMT             YES      FOR        FOR
                   7 Approve committee fees                                                MGMT             YES      FOR        FOR
                   8 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   9 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  10 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                  11 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Grupo Financiero Inbursa                                     GFINBUR           P4950U165   5/25/05          Special
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve divestiture/spin-off                                          MGMT             YES      FOR        FOR
                   3 Approve listing of spinoff                                            MGMT             YES      FOR        FOR
                   4 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Grupo Imsa                                                   IMSA              2479415     9/29/04          Special
                   1 Approve Bonus Dividend/Bonus Share Issue                              MGMT             YES      FOR        FOR

Grupo Imsa                                                   IMSA              P4951V147   1/27/05          Special
                   1 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Grupo Imsa                                                   IMSA              P4951V147   4/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 0.14                                            MGMT             YES      FOR        FOR
                   3 Elect shareholder representatives                                     MGMT             YES      FOR        FOR
                     Election of directors by slate
                   4 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Grupo Industrial Saltillo                                    GISSA             P4740L111   4/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 1.00                                            MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.00                                            MGMT             YES      FOR        FOR
                     Approve scrip dividend/dividend reinvestment plan
                   4 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                     Elect board committee
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve committee fees
                     Approve shareholder representative fees
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Hanaro Telecom Inc                                           HANA              409649209   12/16/04         Special
                   1 Change Company Name                                                   MGMT             YES      FOR        FOR
                   2 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST

hanarotelecom inc                                            HANA              409649209   3/25/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve stock option grant                                            MGMT             YES      FOR        FOR

Hanjaya Mandala Sampoerna                                    HMSP              6404242     10/27/04         Special
                   1 Approve Bonus Dividend/Bonus Share Issue                              MGMT             YES      FOR        FOR

Hankook Tire Manufacturing Co                                                  Y30587102   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR

Hankook Tire Manufacturing Co                                                  Y30587102   5/12/05          Special
                   1 Elect directors - other markets                                       MGMT             YES      FOR        FOR

Harmony Gold Mining                                                            6410562     11/12/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   3 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                4.01 Elect Dr. Morley Nkosi                                                MGMT             YES      FOR        FOR
                4.02 Elect Richard Peter Menell                                            MGMT             YES      FOR        FOR
                4.03 Elect Modise Motloba                                                  MGMT             YES      FOR        FOR
                4.04 Elect Nomfundo Qangule                                                MGMT             YES      FOR        FOR
                5.01 Elect Ferdi Dippenaar                                                 MGMT             YES      FOR        FOR
                5.02 Elect Nolitha Fakude                                                  MGMT             YES      FOR        FOR
                5.03 Elect Dr. Simo Lushaba                                                MGMT             YES      FOR        FOR
                   6 Increase Authorized Capital                                           MGMT             YES      FOR        FOR
                   7 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   8 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   9 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Harmony Gold Mining                                          HMY               413216300   11/12/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   3 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                4.01 Elect Dr. Morley Nkosi                                                MGMT             YES      FOR        FOR
                4.02 Elect Richard Peter Menell                                            MGMT             YES      FOR        FOR
                4.03 Elect Modise Motloba                                                  MGMT             YES      FOR        FOR
                4.04 Elect Nomfundo Qangule                                                MGMT             YES      FOR        FOR
                5.01 Elect Ferdi Dippenaar                                                 MGMT             YES      FOR        FOR
                5.02 Elect Nolitha Fakude                                                  MGMT             YES      FOR        FOR
                5.03 Elect Dr. Simo Lushaba                                                MGMT             YES      FOR        FOR
                   6 Increase Authorized Capital                                           MGMT             YES      FOR        FOR
                   7 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   8 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   9 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Harmony Gold Mining                                                            6410562     11/12/04         Special
                   1 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                   2 Increase Authorized Capital                                           MGMT             YES      FOR        FOR
                   3 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES      FOR        FOR
                   4 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   5 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   7 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Harmony Gold Mining                                          HMY               413216300   11/12/04         Special
                   1 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                   2 Increase Authorized Capital                                           MGMT             YES      FOR        FOR
                   3 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES      FOR        FOR
                   4 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   5 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   7 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

HDFC Bank                                                                      6100131     11/30/04         Special
                   1 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

HDFC Bank                                                                      Y3119P117   6/17/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 4.50                                            MGMT             YES      FOR        FOR
                   3 Elect Vineet Jain                                                     MGMT             YES      FOR        FOR
                   4 Elect Arvind Pande                                                    MGMT             YES      FOR        FOR
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   7 Elect Ashim Samanta                                                   MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Approve stock option grant                                            MGMT             YES      FOR        FOR

Hidroneuquen                                                                   429522915   5/19/05          Annual
                   1 Appointment of 2 shareholder or approve and
                      sign minutes of shareholders                                         MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Ratify board acts-symbolic                                            MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Approve supervisory board/corp. assembly fees                         MGMT             YES      FOR        FOR
                   7 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Set board/supervisory board size limits
                   8 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                   9 Approve undisclosed article amendments                                MGMT             YES      FOR        FOR

High Tech Computer Corp                                                        Y3194T109   6/13/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 5.00                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   6 Consider other business                                               MGMT             YES      FOR        FOR

Hindustan Lever Ltd                                                            6261674     12/24/04         Annual
                   1 Approve Property Sale                                                 MGMT             YES      FOR        FOR
                   2 Approve Property Sale                                                 MGMT             YES      FOR        FOR

Hindustan Lever Ltd                                                            Y3218E138   5/12/05          Annual
                   1 Approve property sale                                                 MGMT             YES      FOR        FOR
                   2 Approve property sale                                                 MGMT             YES      FOR        FOR

Hindustan Lever Ltd                                                            Y3218E138   6/24/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 2.50                                            MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   5 Amend board/supervisory board size                                    MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR
                   8 Change stock exchange listing(s)                                      MGMT             YES      FOR        FOR
                   9 Elect Harish Manwani                                                  MGMT             YES      FOR        FOR

Hindustan Petroleum Corp                                                       6100476     9/9/04           Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 16.00                                           MGMT             YES      FOR        FOR
                   3 Elect Arun Balakrishnan                                               MGMT             YES      FOR        FOR
                   4 Elect Raja G. Kulkarni                                                MGMT             YES      FOR        FOR
                   5 Elect M. Nanadagopal                                                  MGMT             YES      FOR        FOR
                   6 Elect D.S. Mathur                                                     MGMT             YES      FOR        FOR
                   7 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   8 Elect A.K. Shrivastava                                                MGMT             YES      FOR        FOR
                   9 Elect S. Roy Choudhury                                                MGMT             YES      FOR        FOR

Hon Hai Precision Industry                                                     438090201   6/14/05          Annual
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 2.50                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   6 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   7 Approve revisions to derivatives procedures                           MGMT             YES     AGNST      AGNST

Hon Hai Precision Industry                                                     Y36861105   6/14/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.04 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 2.50                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   6 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   7 Approve revisions to derivatives procedures                           MGMT             YES     AGNST      AGNST
                   8 Consider other business                                               MGMT             YES      FOR        FOR

Hong Leong Bank Bhd                                                            6436892     11/2/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 11.20                                           MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                4.01 Elect Zulkiflee Hashim                                                MGMT             YES      FOR        FOR
                4.02 Elect Kwek Leng Hai                                                   MGMT             YES      FOR        FOR
                4.03 Elect Kwek Leng Seng                                                  MGMT             YES      FOR        FOR
                4.04 Elect David Tsui King Chung                                           MGMT             YES      FOR        FOR
                   5 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Hong Leong Bank Bhd                                                            6436892     11/2/04          Special
                   1 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   2 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                   3 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                   4 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Hopewell Holdings                                            00054             6140290     9/6/04           Special
                   1 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                   2 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Hopewell Holdings                                            00054             6140290     10/18/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 30.00                                           MGMT             YES      FOR        FOR
                3.01 Elect Sir Gordon Wu Ying Sheung                                       MGMT             YES      FOR        FOR
                3.02 Elect Thomas Jefferson Wu                                             MGMT             YES      FOR        FOR
                3.03 Elect Henry Lee Hin Moh                                               MGMT             YES      FOR        FOR
                3.04 Elect Robert Nien Van Jin                                             MGMT             YES      FOR        FOR
                3.05 Elect Carmelo Lee Ka Sze                                              MGMT             YES      FOR        FOR
                3.06 Elect Nam Lee Yick                                                    MGMT             YES      FOR        FOR
                3.07 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                5.01 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                5.02 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                5.03 Reissuance of Shares/Treasury Stock                                   MGMT             YES     AGNST      AGNST
                   6 Amend Board Election Rules                                            MGMT             YES      FOR        FOR
                     Amend Meeting Procedures/Change Date
                     Amend Articles--Technical
                     Amend Board Powers/Procedures/Qualifications

Hotai Motor Co                                                                 Y37225102   6/14/05          Annual
                1.01 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.02 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.03 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.04 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   5 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   6 Consider other business                                               MGMT             YES      FOR        FOR
                   7 Consider other business                                               MGMT             YES      FOR        FOR

Housing Development Finance Corporation Ltd                                    441816717   7/19/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 13.50                                                 MGMT             YES      FOR        FOR
                   3 Elect Keshub Mahindra                                                 MGMT             YES      FOR        FOR
                   4 Elect D.M. Sukthankar                                                 MGMT             YES      FOR        FOR
                   5 Elect N.M. Munjee                                                     MGMT             YES      FOR        FOR
                   6 Elect Deepak M. Satwalekar                                            MGMT             YES      FOR        FOR
                   7 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   8 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   9 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  10 Amend Borrowing Powers                                                MGMT             YES      FOR        FOR
                  11 Issue Convertible Debt Instruments                                    MGMT             YES      FOR        FOR

Huaneng Power International                                  00902             6099671     9/28/04          Special
                   1 Amend Board/Supervisory Board Size                                    MGMT             YES      FOR        FOR
                     Amend Articles for Capital Increase/Decrease
                     Amend Board Powers/Procedures/Qualifications
                2.01 Elect Huang Yongda                                                    MGMT             YES      FOR        FOR
                2.02 Elect Liu Shuyuan                                                     MGMT             YES      FOR        FOR
                2.03 Elect Liu Jipeng                                                      MGMT             YES      FOR        FOR
                3.01 Issue Convertible Debt Instruments                                    MGMT             YES      FOR        FOR
                3.02 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                3.03 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                3.04 Amend Articles for Capital Increase/Decrease                          MGMT             YES      FOR        FOR

Huaneng Power International                                  00902             6099671     9/28/04          Annual
                1.01 Issue Convertible Debt Instruments                                    MGMT             YES      FOR        FOR
                1.02 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                1.03 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                1.04 Amend Articles for Capital Increase/Decrease                          MGMT             YES      FOR        FOR

Huaneng Power International                                  00902             6099671     12/17/04         Special
                1.01 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                     Approve Related Party Transactions
                1.02 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                     Approve Related Party Transactions
                2.01 Allow Company to Give Guarantees                                      MGMT             YES     AGNST      AGNST
                     Approve Related Party Transactions
                2.02 Approve Property Purchase                                             MGMT             YES      FOR        FOR
                     Approve Related Party Transactions
                     Approve Property Sale
                2.03 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Huaneng Power International                                  00902             Y3744A105   5/11/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.25                                            MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                6.01 Elect Li Xiaopeng                                                     MGMT             YES      FOR        FOR
                6.02 Elect Huang Yongda                                                    MGMT             YES      FOR        FOR
                6.03 Elect Wang Xiaosong                                                   MGMT             YES      FOR        FOR
                6.04 Elect Na Xizhi                                                        MGMT             YES      FOR        FOR
                6.05 Elect Huang Long                                                      MGMT             YES      FOR        FOR
                6.06 Elect Wu Dawei                                                        MGMT             YES      FOR        FOR
                6.07 Elect Shan Qunying                                                    MGMT             YES      FOR        FOR
                6.08 Elect Yang Shengming                                                  MGMT             YES      FOR        FOR
                6.09 Elect Xu Zujian                                                       MGMT             YES      FOR        FOR
                 6.1 Elect Liu Shuyuan                                                     MGMT             YES      FOR        FOR
                6.11 Elect Qian Zhongwei                                                   MGMT             YES      FOR        FOR
                6.12 Elect Xia Donglin                                                     MGMT             YES      FOR        FOR
                6.13 Elect Liu Jipeng                                                      MGMT             YES      FOR        FOR
                6.14 Elect Wu Yusheng                                                      MGMT             YES      FOR        FOR
                6.15 Elect Yu Ning                                                         MGMT             YES      FOR        FOR
                7.01 Elect Ye Daji                                                         MGMT             YES      FOR        FOR
                7.02 Elect Shen Weibing                                                    MGMT             YES      FOR        FOR
                7.03 Elect Shen Zongmin                                                    MGMT             YES      FOR        FOR
                7.04 Elect Yu Ying                                                         MGMT             YES      FOR        FOR
                   8 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   9 Issue debt instruments                                                MGMT             YES      FOR        FOR

HVB Group (Bayerische Hypo-Und Vereinsbank)                  HVMGY             072735103   5/12/05          Annual
                   1 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 Ratify management acts-symbolic                                       MGMT             YES      FOR        FOR
                   3 Ratify board acts-symbolic                                            MGMT             YES      FOR        FOR
                4.01 Elect directors - other markets                                       MGMT             YES      FOR        FOR
                4.02 Elect directors - other markets                                       MGMT             YES      FOR        FOR
                4.03 Elect directors - other markets                                       MGMT             YES      FOR        FOR
                   5 Authorize trade in company stock                                      MGMT             YES      FOR        FOR
                   6 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   7 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                   8 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                   9 Amend articles to reflect regulatory changes                          MGMT             YES      FOR        FOR
                  10 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
                  11 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
                  12 Appoint outside auditors                                              MGMT             YES      FOR        FOR

Hyundai Development                                                            Y38397108   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Hyundai Marine & Fire Insurance                                                B01LXY6     12/1/04          Special
                   1 Elect Mong-Yoon Chung                                                 MGMT             YES      FOR        FOR
                   2 Elect Kyu-Sang Chung                                                  MGMT             YES      FOR        FOR

Hyundai Marine & Fire Insurance                                                Y3842K104   6/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Amend company purpose                                                 MGMT             YES      FOR        FOR
                3.01 Elect Kim Jong Sung                                                   MGMT             YES      FOR        FOR
                3.02 Elect Soon Seok Beak                                                  MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR

Hyundai Motor                                                005380            Y38472109   3/4/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST

ICICI Bank                                                                     6100368     9/20/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 7.50                                                  MGMT             YES      FOR        FOR
                   3 Set Dividend at 7.50                                                  MGMT             YES      FOR        FOR
                   4 Elect Uday M. Chitale                                                 MGMT             YES      FOR        FOR
                   5 Elect L.N. Mittal                                                     MGMT             YES      FOR        FOR
                   6 Elect P.M. Sinha                                                      MGMT             YES      FOR        FOR
                   7 Elect S.B. Mathur                                                     MGMT             YES      FOR        FOR
                   8 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                   9 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                  10 Elect V. Prem Watsa                                                   MGMT             YES      FOR        FOR
                  11 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  12 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  13 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  14 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  15 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  16 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                  17 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

ICICI Bank                                                                     6100368     1/24/05          Special
                   1 Sponsor ADS Issue                                                     MGMT             YES      FOR        FOR

IJM Corp                                                                       6455217     12/24/04         Special
                   1 Approve related party transactions                                    MGMT             YES      FOR        FOR
                     Approve divestiture/spin-off

IJM Corp                                                                       Y3882M101   3/22/05          Special
                   1 Issue warrants w/ preemptive rights                                   MGMT             YES      FOR        FOR
                     Issue warrants w/o preemptive rights
                   2 Issue warrants w/o preemptive rights                                  MGMT             YES      FOR        FOR
                   3 Issue warrants w/o preemptive rights                                  MGMT             YES      FOR        FOR
                   4 Issue warrants w/o preemptive rights                                  MGMT             YES      FOR        FOR

Impala Platinum Holdings                                     IMPO              6457804     10/29/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                2.01 Elect R.Sifiso Dabengwa                                               MGMT             YES      FOR        FOR
                2.02 Elect Khotso Mokhele                                                  MGMT             YES      FOR        FOR
                2.03 Elect Thandi Orleyn                                                   MGMT             YES      FOR        FOR
                2.04 Elect Frederik J. P. (Fred) Roux                                      MGMT             YES      FOR        FOR
                2.05 Elect L. C. (Lex) van Vught                                           MGMT             YES      FOR        FOR
                3.01 Elect Cathie Markus                                                   MGMT             YES      FOR        FOR
                3.02 Elect J. Michael McMahon                                              MGMT             YES      FOR        FOR
                3.03 Elect John V. Roberts                                                 MGMT             YES      FOR        FOR
                   4 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   5 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES      FOR        FOR
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   7 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR

Indosat                                                                        B00FYK2     9/30/04          Special
                   1 Approve Undisclosed Article Amendments                                MGMT             YES     AGNST      AGNST
                   2 Election of Directors by Slate                                        MGMT             YES     AGNST      AGNST

Indosat                                                                        Y7130D110   6/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve bonus
                   4 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect supervisory board/corporate assembly

Infosys Technologies                                                           6205122     12/18/04         Special
                   1 Approve ADS Issue                                                     MGMT             YES      FOR        FOR

Infosys Technologies                                                           Y4082C133   6/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 6.50                                            MGMT             YES      FOR        FOR
                   3 Elect Narayana Murthy                                                 MGMT             YES      FOR        FOR
                   4 Elect Nandan M. Nilekani                                              MGMT             YES      FOR        FOR
                   5 Elect K. Dinesh                                                       MGMT             YES      FOR        FOR
                   6 Elect Claude Smadja                                                   MGMT             YES      FOR        FOR
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Ratify executive board appointments                                   MGMT             YES      FOR        FOR
                     Approve directors' fees
                  10 Ratify executive board appointments                                   MGMT             YES      FOR        FOR
                     Approve directors' fees
                  11 Authorize legal formalities                                           MGMT             YES      FOR        FOR

INI Steel                                                                      Y3904R104   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve stock consolidation                                           MGMT             YES      FOR        FOR

IOI Corp                                                                       461990905   9/1/04           Special
                   1 Issue Convertible Debt Instruments                                    MGMT             YES      FOR        FOR

IOI Corp                                                                       461990905   10/21/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect Dato' Lee Yeow Chor                                             MGMT             YES      FOR        FOR
                   3 Elect Khalid b Hj Husin                                               MGMT             YES      FOR        FOR
                   4 Elect Chan Fong Ann                                                   MGMT             YES      FOR        FOR
                   5 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   7 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   8 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   9 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                  10 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Israel Chemicals                                             ICL               M5920A109   5/30/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Election of directors by slate                                        MGMT             YES      FOR        FOR
                2.02 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR

Itausa Investimentos Itau                                                      P58717102   4/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   6 Cancel authorized stock class                                         MGMT             YES      FOR        FOR
                   7 Increase authorized capital                                           MGMT             YES      FOR        FOR
                   8 Establish board committees                                            MGMT             YES      FOR        FOR
                   9 Amend articles--technical                                             MGMT             YES      FOR        FOR
                  10 Increase authorized capital                                           MGMT             YES      FOR        FOR
                     Issue stock w/ preemptive rights

ITC Ltd                                                                        6124614     7/30/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 20.00                                           MGMT             YES      FOR        FOR
                3.01 Elect Yogesh C. Deveshwar                                             MGMT             YES      FOR        FOR
                3.02 Elect Ajeet Prasad                                                    MGMT             YES      FOR        FOR
                3.03 Elect John B. Stevens                                                 MGMT             YES      FOR        FOR
                3.04 Elect Sahibzada Syed Habib-ur-Rehman                                  MGMT             YES      FOR        FOR
                   4 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   5 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                   6 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   7 Amend Stock Option Plan                                               MGMT             YES     AGNST      AGNST
                   8 Amend Stock Option Plan                                               MGMT             YES     AGNST      AGNST

ITC Ltd                                                                        6124614     11/19/04         Annual
                   1 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR

ITC Ltd                                                                        6124614     12/15/04         Special
                   1 Amend Articles--Technical                                             MGMT             YES      FOR        FOR
                   2 Amend Company Purpose                                                 MGMT             YES      FOR        FOR

JSC MMC Norilsk Nickel                                       NILSY             46626D108   11/23/04         Special
                   1 Approve interim dividend                                              MGMT             YES      FOR        FOR

Kasikornbank Pcl                                             KBANK             Y4591R118   4/8/05           Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 1.00                                            MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   6 Elect Edward Tian Suning                                              MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Issue debt instruments                                                MGMT             YES      FOR        FOR
                  10 Amend company purpose                                                 MGMT             YES      FOR        FOR
                  11 Consider other business                                               MGMT             YES      FOR        FOR

Kimberly Clark de Mexico                                                       P60694117   3/4/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 2.08                                            MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve shareholder representative fees
                   5 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                     Reduce authorized capital
                   6 Amend stock option plan                                               MGMT             YES     ABSTAIN    AGNST
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Kingway Brewery Holdings Ltd                                 00124             G5267L103   6/15/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 2.00                                            MGMT             YES      FOR        FOR
                3.01 Elect Ye Xuquan                                                       MGMT             YES      FOR        FOR
                3.02 Elect Jiang Guoqiang                                                  MGMT             YES      FOR        FOR
                3.03 Elect Stephen Fung Sing Hong                                          MGMT             YES      FOR        FOR
                3.04 Elect V-nee Yeh                                                       MGMT             YES      FOR        FOR
                3.05 Elect Rafael Gil-Tienda                                               MGMT             YES      FOR        FOR
                3.06 Approve directors' fees                                               MGMT             YES      FOR        FOR
                4.01 Set board/supervisory board size limits                               MGMT             YES      FOR        FOR
                4.02 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   7 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   8 Reissuance of shares/treasury stock                                   MGMT             YES     AGNST      AGNST

Kingway Brewery Holdings Ltd                                 00124             G5267L103   6/15/05          Special
                   1 Approve related party transactions                                    MGMT             YES      FOR        FOR

Koc Holding AS                                               KCHOL             M63751107   3/28/05          Special
                   1 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Approve undisclosed article amendments                                MGMT             NO       TAKE NO ACTION
                   3 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION

Koc Holding AS                                               KCHOL             M63751107   4/29/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   5 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   7 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Authorize charitable donations                                        MGMT             YES     AGNST      AGNST
                  10 Approve merger/acquisition                                            MGMT             YES      FOR        FOR
                  11 Approve related party transactions                                    MGMT             YES      FOR        FOR
                  12 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  13 Consider other business                                               MGMT             YES      FOR        FOR

Koc Holding AS                                                                 B06G4G5     4/29/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   5 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   7 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   9 Authorize charitable donations                                        MGMT             YES     AGNST      AGNST
                  10 Approve merger/acquisition                                            MGMT             YES      FOR        FOR
                  11 Approve related party transactions                                    MGMT             YES      FOR        FOR
                  12 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  13 Consider other business                                               MGMT             YES      FOR        FOR

Komercni Banka                                                                 4519449     4/28/05          Annual
                   1 Opening of meeting                                                    MGMT             NO       TAKE NO ACTION
                   2 Approve meeting formalities                                           MGMT             NO       TAKE NO ACTION
                   3 Approve board report on business activities                           MGMT             NO       TAKE NO ACTION
                   4 Discussion on regular financial statement and
                      proposed dividend                                                    MGMT             NO       TAKE NO ACTION
                   5 Approve supervisory board report on financial statements              MGMT             NO       TAKE NO ACTION
                   6 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   7 Set dividend/allocate profits                                         MGMT             NO       TAKE NO ACTION
                   8 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   9 Authorize share repurchase                                            MGMT             NO       TAKE NO ACTION
                  10 Elect supervisory board/corporate assembly                            MGMT             NO       TAKE NO ACTION
                  11 Ratify board acts-symbolic                                            MGMT             NO       TAKE NO ACTION
                  12 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION

Kook soon Dang Brewery Co                                    43650             Y4822K106   3/22/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Approve maximum statutory auditors' fee                               MGMT             YES      FOR        FOR

Kookmin Bank                                                                   6419365     10/29/04         Special
                   1 Elect Kang Chung Won                                                  MGMT             YES      FOR        FOR
                   2 Approve Stock Option Grants                                           MGMT             YES      FOR        FOR

Kookmin Bank                                                 KB                50049M109   10/29/04         Special
                   1 Elect Kang Chung Won                                                  MGMT             YES      FOR        FOR
                   2 Approve Stock Option Grants                                           MGMT             YES      FOR        FOR

Kookmin Bank                                                 060000            Y4822W100   3/18/05          Annual
                   1 Set Final Dividend at 550.00                                          MGMT             YES      FOR        FOR
                     Approve financial statements
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve stock option grant                                            MGMT             YES      FOR        FOR

Kookmin Bank                                                 KB                50049M109   3/18/05          Annual
                   1 Set Final Dividend at 550.00                                          MGMT             YES      FOR        FOR
                     Approve financial statements
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve stock option grant                                            MGMT             YES      FOR        FOR

Korea Electric Power Co (Kepco)                                                6495730     8/27/04          Special
                   1 Election of Directors by Slate                                        MGMT             YES      FOR        FOR

Korea Electric Power Co (Kepco)                              015760            Y48406105   3/18/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 1150.00

Korea Electric Power Co (Kepco)                              015760            Y48406105   6/10/05          Special
                   1 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                     Amend board powers/procedures/qualifications
                     Amend board election rules
                   2 Elect Oh Hyung Kwon                                                   MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR

Korea Gas Corp                                               036460            Y48861101   6/14/05          Special
                1.01 Elect In Hak You                                                      MGMT             YES      FOR        FOR
                1.02 Elect Chang Moo You                                                   MGMT             YES      FOR        FOR
                1.03 Elect Kyu-Sun Lee                                                     MGMT             YES      FOR        FOR
                   2 Approve directors' fees                                               MGMT             YES     AGNST      AGNST

Krung Thai Bank Co Ltd                                                         Y49885208   4/22/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.47                                            MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve bonus
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Issue debt instruments                                                MGMT             YES      FOR        FOR
                   9 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  10 Consider other business                                               MGMT             YES      FOR        FOR

KT Corp                                                      KTC               48268K101   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Dividend at 2000.00
                   2 Amend articles--technical                                             MGMT             YES      FOR        FOR
                3.01 Elect Jeong Soo Suh                                                   MGMT             YES      FOR        FOR
                3.02 Elect Solomon Stuart B.                                               MGMT             YES      FOR        FOR
                3.03 Elect Thae Surn Khwarg                                                MGMT             YES      FOR        FOR
                3.04 Elect dissident director(s)                                           SHLDR            YES     AGNST       FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Larsen & Toubro Ltd                                          500510            B0166K8     9/23/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 16.00                                           MGMT             YES      FOR        FOR
                   3 Elect A. Ramakrishna                                                  MGMT             YES      FOR        FOR
                   4 Elect K. Venkataramanan                                               MGMT             YES      FOR        FOR
                   5 Approve Board Vacany                                                  MGMT             YES      FOR        FOR
                   6 Approve Board Vacany                                                  MGMT             YES      FOR        FOR
                   7 Elect S. N. Talwar                                                    MGMT             YES      FOR        FOR
                   8 Elect A. B. Saharya                                                   MGMT             YES      FOR        FOR
                   9 Elect Vijay K. Magapu                                                 MGMT             YES      FOR        FOR
                  10 Elect Lt. Gen. Surinder Nath                                          MGMT             YES      FOR        FOR
                  11 Elect U. Sundararajan                                                 MGMT             YES      FOR        FOR
                  12 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  13 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  14 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  15 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  16 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                  17 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR

Lenovo Group Ltd                                             0992              Y5257Y107   5/13/05          Special
                   1 Issue warrants w/ preemptive rights                                   MGMT             YES      FOR        FOR
                     Issue stock w/ or w/o preemptive rights
                     Increase authorized capital
                   2 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR

LG Ad                                                                          6367077     8/20/04          Special
                   1 Approve Restructuring/Recapitalization                                MGMT             YES      FOR        FOR
                   2 Change Company Name                                                   MGMT             YES      FOR        FOR

LG Cable Co                                                                    Y5274S109   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Change company name                                                   MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR

LG Electronics Inc                                           066570            Y5275H177   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 1500.00
                   2 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

LG Engineering & Construction Co Ltd                         006360            Y5275B105   3/18/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set dividend/allocate profits
                   2 Approve undisclosed article amendments                                MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR

LG.Philips LCD Co                                            LPL               50186V102   3/23/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Amend articles regarding stock options                                MGMT             YES      FOR        FOR
                     Amend meeting procedures/change date
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR

Lianhua Supermarket Holdings                                 00980             6633563     9/30/04          Special
                   1 Amend Company Purpose                                                 MGMT             YES      FOR        FOR
                   2 Amend Board/Supervisory Board Size                                    MGMT             YES      FOR        FOR
                   3 Elect Cai Lan-ying                                                    MGMT             YES      FOR        FOR
                   4 Elect Xia Da-wei                                                      MGMT             YES      FOR        FOR
                   5 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   6 Approve interim dividend                                              MGMT             YES      FOR        FOR

Lianhua Supermarket Holdings                                 00980             Y5279F102   6/8/05           Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.07                                            MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Elect Wang Zong-nan                                                   MGMT             YES      FOR        FOR
                   7 Elect Liang Wei                                                       MGMT             YES      FOR        FOR
                   8 Elect Xu Ling-ling                                                    MGMT             YES      FOR        FOR
                   9 Elect Cai Lan-ying                                                    MGMT             YES      FOR        FOR
                  10 Elect Lu Ming Fang                                                    MGMT             YES      FOR        FOR
                  11 Elect Hua Guo-ping                                                    MGMT             YES      FOR        FOR
                  12 Elect Tsunao Kijima                                                   MGMT             YES      FOR        FOR
                  13 Elect Shi Zu-qi                                                       MGMT             YES      FOR        FOR
                  14 Elect Wong Tak Hung                                                   MGMT             YES      FOR        FOR
                  15 Elect Don Lee Kwok Ming                                               MGMT             YES      FOR        FOR
                  16 Elect Professor Zhang Huiming                                         MGMT             YES      FOR        FOR
                  17 Elect Xia Da-wei                                                      MGMT             YES      FOR        FOR
                  18 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                  19 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                  20 Approve directors' fees                                               MGMT             YES      FOR        FOR
                  21 Consider other business                                               MGMT             YES      FOR        FOR
               22.01 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
               22.02 Amend company purpose                                                 MGMT             YES      FOR        FOR
               22.03 Amend articles--technical                                             MGMT             YES      FOR        FOR
               22.04 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR

Light Servicos de Eletricidade                                                 P62751113   4/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Light Servicos de Eletricidade                                                 P62751113   6/29/05          Special
                   1 Increase authorized capital                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Malakoff Bhd                                                                   6555924     9/30/04          Special
                   1 Terminate Existing Stock Option Plan                                  MGMT             YES      FOR        FOR
                   2 Approve Stock Option Plan                                             MGMT             YES     AGNST      AGNST
                   3 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   4 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   5 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   6 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   7 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   8 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                   9 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                  10 Approve Stock Option Grants                                           MGMT             YES     AGNST      AGNST
                  11 Amend Articles--Technical                                             MGMT             YES     AGNST      AGNST
                  12 Amend Dividend Distribution Rules                                     MGMT             YES      FOR        FOR

Malayan Banking Bhd                                          MBKM              6556325     8/11/04          Special
                   1 Approve Stock Option Plan                                             MGMT             YES      AGNST      N/A
                   2 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   3 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   4 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   5 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   6 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   7 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   8 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                   9 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                  10 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                  11 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                  12 Approve Stock Option Grants                                           MGMT             YES      AGNST      N/A
                  13 Increase Authorized Capital                                           MGMT             YES     AGNST      AGNST
                  14 Amend Articles for Capital Increase/Decrease                          MGMT             YES     AGNST      AGNST
                     Approve Directors for Stock Opt/Purchase Plan
                  15 Amend Dividend Distribution Rules                                     MGMT             YES      FOR        FOR

Malayan Banking Bhd                                          MBKM              6556325     10/11/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 25.00                                           MGMT             YES      FOR        FOR
                   3 Elect Haji Mohd Hashir bin Haji Abdullah                              MGMT             YES      FOR        FOR
                   4 Elect Teh Soon Poh                                                    MGMT             YES      FOR        FOR
                   5 Elect Dato' Mohammed Hussein                                          MGMT             YES      FOR        FOR
                   6 Elect Datuk Megat Zaharuddin bin Megat Mohd Nor                       MGMT             YES      FOR        FOR
                   7 Elect MD Agil bin Mohd Natt                                           MGMT             YES      FOR        FOR
                   8 Elect Richard Ho Ung Hun                                              MGMT             YES      FOR        FOR
                   9 Elect Muhammad Alias bin Raja Muhammad Ali                            MGMT             YES      FOR        FOR
                  10 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                  11 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                  12 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Malaysian Pacific Industries                                                   6556693     10/18/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                3.01 Elect David Edward Comley                                             MGMT             YES      FOR        FOR
                3.02 Elect Tan Keok Yin                                                    MGMT             YES      FOR        FOR
                3.03 Elect YBhg Tan Sri Asmat bin Kamaludin                                MGMT             YES      FOR        FOR
                   4 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   5 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Malaysian Pacific Industries                                                   6556693     10/18/04         Special
                   1 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   2 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                   3 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Marakand Minerals Ltd                                        MKD               3388383     12/8/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect Alasdair Stuart                                                 MGMT             YES      FOR        FOR
                   3 Elect William Charter                                                 MGMT             YES      FOR        FOR
                   4 Elect Richard Lewes Robinson                                          MGMT             YES      FOR        FOR
                   5 Elect William Trew                                                    MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   7 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

Maruti Udyog REG S                                           ECM274            6633712     7/27/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend/Allocate Profits                                         MGMT             YES      FOR        FOR
                   3 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                   4 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                   5 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   6 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                   7 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                   8 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                   9 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                  10 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR
                  11 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  12 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Massmart                                                                       6268181     12/7/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect James Hodkinson                                                 MGMT             YES      FOR        FOR
                   3 Elect Phumzile Langeni                                                MGMT             YES      FOR        FOR
                   4 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   5 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                   6 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES      FOR        FOR
                   7 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   8 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR

Matav (Hungary)                                                                559776109   2/22/05          Special
                   1 NV -  Misc non-U.S. mgt. non-voting                                   MGMT             NO       TAKE NO ACTION
                   2 Change company name                                                   MGMT             NO       TAKE NO ACTION

Matav (Hungary)                                              MATAV             X5215H163   2/22/05          Special
                   1 NV -  Misc non-U.S. mgt. non-voting                                   MGMT             NO       TAKE NO ACTION
                   2 Change company name                                                   MGMT             NO       TAKE NO ACTION
                   3 Transact any other business                                           MGMT             NO       TAKE NO ACTION

Matav (Hungary)                                              MATAV             X5215H163   4/27/05          Annual
                   1 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   2 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   3 Set Final Dividend at 70.00                                           MGMT             NO       TAKE NO ACTION
                     Relocate corporate headquarters
                   4 Amend company purpose                                                 MGMT             NO       TAKE NO ACTION
                   5 Elect directors - other markets                                       MGMT             NO       TAKE NO ACTION
                   6 Election of directors by slate                                        MGMT             NO       TAKE NO ACTION
                   7 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                   8 Consider other business                                               MGMT             NO       TAKE NO ACTION

Media Tek Inc                                                                  Y5945U103   6/13/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 10.00                                           MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                6.01 Elect Hsieh Ching Jiang                                               MGMT             YES      FOR        FOR
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   8 Consider other business                                               MGMT             YES      FOR        FOR

Mega Financial Holding Co                                                      Y1822Y102   6/10/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.60                                            MGMT             YES      FOR        FOR
                   4 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   5 Consider other business                                               MGMT             YES      FOR        FOR

Migros Turk                                                  MIGRS             M7009U105   4/8/05           Annual
                   1 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                     Authorize legal formalities
                   3 Ratify board acts-legal                                               MGMT             NO       TAKE NO ACTION
                     Ratify statutory auditor acts - legal
                   4 Set dividend/allocate profits                                         MGMT             NO       TAKE NO ACTION
                   5 Election of directors by slate                                        MGMT             NO       TAKE NO ACTION
                   6 Elect statutory auditors                                              MGMT             NO       TAKE NO ACTION
                   7 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                     Approve maximum statutory auditors' fee
                   8 Authorize charitable donations                                        MGMT             NO       TAKE NO ACTION
                   9 Appoint outside auditors                                              MGMT             NO       TAKE NO ACTION
                  10 Amend company purpose                                                 MGMT             NO       TAKE NO ACTION
                     Amend articles--technical
                  11 Approve related party transactions                                    MGMT             NO       TAKE NO ACTION
                  12 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                  13 Consider other business                                               MGMT             NO       TAKE NO ACTION

MK Land Holdings BHD                                                           6680116     12/16/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   3 Elect Hj Mustapha Kamal bin Hj Abu Bakar                              MGMT             YES      FOR        FOR
                   4 Elect En Vernon Azhar bin Bryan Allen Edmett                          MGMT             YES      FOR        FOR
                   5 Set Final Dividend at 3.00                                            MGMT             YES      FOR        FOR
                   6 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   7 Elect Dato' Mohamad Nor bin Mohamad                                   MGMT             YES      FOR        FOR
                   8 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

MK Land Holdings BHD                                                           6680116     12/16/04         Special
                   1 Authorize Share Repurchase                                            MGMT             YES     AGNST      AGNST
                     Reissuance of Shares/Treasury Stock

Moscow City Telephone                                                          X5506V103   6/18/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 1.82                                            MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.82                                            MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   5 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                   6 Appoint outside auditors                                              MGMT             YES      FOR        FOR

Mvelaphanda Resources                                                          6301086     11/18/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Nthobi Angel                                                    MGMT             YES      FOR        FOR
                2.02 Elect Michael Beckett                                                 MGMT             YES      FOR        FOR
                2.03 Elect Clyde Johnson                                                   MGMT             YES      FOR        FOR
                2.04 Elect Oyama Mabandla                                                  MGMT             YES      FOR        FOR
                2.05 Elect Nomazizi Mtshotshisa                                            MGMT             YES      FOR        FOR
                2.06 Elect Paseka Ncholo                                                   MGMT             YES      FOR        FOR
                2.07 Elect Pine Pienaar                                                    MGMT             YES      FOR        FOR
                2.08 Elect Ramaite Robinson                                                MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Ratify Board Acts-Legal                                               MGMT             YES      FOR        FOR
                   5 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   7 Amend Stock Option Plan                                               MGMT             YES      FOR        FOR
                   8 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   9 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR

Naspers                                                                        6622691     8/10/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend/Allocate Profits                                         MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Election of Directors by Slate                                        MGMT             YES      FOR        FOR
                   5 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                   6 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST

Naspers                                                      NPN               6622691     9/3/04           Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 38.00                                                 MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                   5 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES     AGNST      AGNST
                   6 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                7.01 Elect Neil van Heerden                                                MGMT             YES      FOR        FOR
                7.02 Elect L. N. (Lourens) Jonker                                          MGMT             YES      FOR        FOR
                7.03 Elect Professor Jakes Gerwel                                          MGMT             YES      FOR        FOR
                8.01 Elect Fran du Plessis                                                 MGMT             YES      FOR        FOR
                8.02 Elect Rachel Jafta                                                    MGMT             YES      FOR        FOR
                8.03 Elect Fred Phaswana                                                   MGMT             YES      FOR        FOR
                   9 Amend Company's Group Share Schemes                                   MGMT             YES      FOR        FOR
                  10 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                  11 Authorize Share Repurchase                                            MGMT             YES     AGNST      AGNST
                  12 Amend Board Election Rules                                            MGMT             YES      FOR        FOR

National Thermal Power Corporation Ltd                                         B037HF1     5/23/05          Special
                   1 Amend company purpose                                                 MGMT             YES      FOR        FOR

Natura Cosmeticos SA                                                           P7088C106   3/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                   6 Amend stock option plan                                               MGMT             YES      FOR        FOR

Nedcor                                                       NED               S55000103   5/4/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 76.00                                           MGMT             YES      FOR        FOR
                3.01 Elect Nicholas Dennis                                                 MGMT             YES      FOR        FOR
                3.02 Elect Brian de Lacy Figaji                                            MGMT             YES      FOR        FOR
                3.03 Elect Maduke Lot Ndlovu                                               MGMT             YES      FOR        FOR
                3.04 Elect Phuthuma Freedom Nhleko                                         MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   5 Amend board election rules                                            MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   9 Set auditors' fees                                                    MGMT             YES      FOR        FOR
                  10 Issue stock w/ or w/o preemptive rights                               MGMT             YES     AGNST      AGNST
                  11 Amend stock purchase plan/SAYE/AESOP                                  MGMT             YES      FOR        FOR
                  12 Approve stock option plan                                             MGMT             YES      FOR        FOR
                  13 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                  14 Change company name                                                   MGMT             YES      FOR        FOR

NET Servicos de Comunicacao                                                    P7902J113   4/29/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Approve directors' fees
                   3 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

NETEASE.COM                                                  NTES              64110W102   8/31/04          Annual
                1.01 Elect Director Nominee William Ding                                   MGMT             YES      FOR        FOR
                1.02 Elect Director Nominee Ted Sun                                        MGMT             YES      FOR        FOR
                1.03 Elect Director Nominee Denny Lee                                      MGMT             YES      FOR        FOR
                1.04 Elect Director Nominee Michael Tong                                   MGMT             YES      FOR        FOR
                1.05 Elect Director Nominee Donghua Ding                                   MGMT             YES      FOR        FOR
                1.06 Elect Director Nominee Ronald Lee                                     MGMT             YES      FOR        FOR
                1.07 Elect Director Nominee Michael Leung                                  MGMT             YES      FOR        FOR
                1.08 Elect Director Nominee Joseph Tong                                    MGMT             YES      FOR        FOR
                   2 Ratify Selection of Auditors                                          MGMT             YES      FOR        FOR

NetEase.com                                                  NTES              64110W102   6/23/05          Annual
                1.01 Elect William Ding                                                    MGMT             YES      FOR        FOR
                1.02 Elect Ted Sun                                                         MGMT             YES      FOR        FOR
                1.03 Elect Denny Lee                                                       MGMT             YES      FOR        FOR
                1.04 Elect Michael Tong                                                    MGMT             YES      FOR        FOR
                1.05 Elect Donghua Ding                                                    MGMT             YES      FOR        FOR
                1.06 Elect Ronald Lee                                                      MGMT             YES      FOR        FOR
                1.07 Elect Michael Leung                                                   MGMT             YES      FOR        FOR
                1.08 Elect Joseph Tong                                                     MGMT             YES      FOR        FOR
                   2 Appoint outside auditors                                              MGMT             YES      FOR        FOR

NK Yukos OAO                                                 YUKOY             98849W108   12/20/04         Special
                   1 Dissolve Company/Approve Liquidation                                  MGMT             YES     AGNST      AGNST
                   2 Dissolve Company/Approve Liquidation                                  MGMT             YES     AGNST      AGNST

NK Yukos OAO                                                 YUKOY             98849W108   6/23/05          Annual
                   1 Approve statutory reports                                             MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 0.00                                            MGMT             YES      FOR        FOR
                   4 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                6.01 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.02 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.03 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                   7 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   8 Set auditors' fees                                                    MGMT             YES      FOR        FOR

Noble Group                                                                    G6542T119   1/17/05          Special
                   1 Approve stock option plan                                             MGMT             YES     AGNST      AGNST
                   2 Approve stock option grant                                            MGMT             YES     AGNST      AGNST

Nong Shim Co                                                                   Y63472107   3/11/05          Annual
                   1 Set Final Dividend at 4000.00                                         MGMT             YES      FOR        FOR
                     Approve financial statements
                   2 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   3 Elect Chun Kyung Sung                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve maximum statutory auditors' fee                               MGMT             YES      FOR        FOR

OAO Gazprom                                                                    368287207   11/16/04         Special
                   1 Waive Mandatory Takeover Requirement                                  MGMT             YES     AGNST      AGNST

OAO Gazprom                                                                    368287108   11/16/04         Special
                   1 Waive Mandatory Takeover Requirement                                  MGMT             YES     AGNST      AGNST

OAO Gazprom                                                                    368287207   6/24/05          Annual
                   1 Approve annual report                                                 MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.19                                            MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 1.19                                            MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve board commission fees
                   6 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   7 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   8 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   9 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                  10 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                  11 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                  12 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                  13 Amend board powers/procedures/qualifications                          MGMT             YES     AGNST      AGNST
               14.01 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.02 Approve loan transactions                                             MGMT             YES      FOR        FOR
               14.03 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.04 Approve loan transactions                                             MGMT             YES      FOR        FOR
               14.05 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.06 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.07 Approve intra-company contracts                                       MGMT             YES      FOR        FOR

OAO Gazprom                                                                    368287108   6/24/05          Annual
                   1 Approve annual report                                                 MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.19                                            MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 1.19                                            MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve board commission fees
                   6 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   7 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   8 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   9 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                  10 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                  11 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                  12 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                  13 Amend board powers/procedures/qualifications                          MGMT             YES     AGNST      AGNST
               14.01 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.02 Approve loan transactions                                             MGMT             YES      FOR        FOR
               14.03 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.04 Approve loan transactions                                             MGMT             YES      FOR        FOR
               14.05 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.06 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
               14.07 Approve intra-company contracts                                       MGMT             YES      FOR        FOR

OAO Gazprom                                                                    368287207   6/24/05          Annual
               14.08 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
                     Approve intra-company contracts
               14.09 Approve intra-company contracts                                       MGMT             YES      FOR        FOR
                     Approve intra-company contracts
                  15 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Election of directors by slate
               16.01 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.02 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.03 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.04 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.05 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.06 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.07 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.08 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.09 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
                16.1 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs
               16.11 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                     Appoint board advisors/deputy dirs/alternate dirs

OAO Lukoil                                                   LUKOY             677862104   1/24/05          Special
                1.01 Approve early termination of board                                    MGMT             YES      FOR        FOR
                1.02 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   2 Amend board powers/procedures/qualifications                          MGMT             YES     AGNST      AGNST

OAO Lukoil                                                   LUKOY             677862104   6/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 28.00
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                3.01 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                3.02 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                3.03 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   6 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   7 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                   8 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                   9 Approve related party transactions                                    MGMT             YES      FOR        FOR
                     Indemnify directors/officers
                     Approve intra-company contracts

Oil & Natural Gas Corp Ltd                                   500312            6139362     9/29/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 24.00                                           MGMT             YES      FOR        FOR
                   3 Elect U. Sundararajan                                                 MGMT             YES      FOR        FOR
                   4 Elect Rajesh V. Shah                                                  MGMT             YES      FOR        FOR
                   5 Elect M. M. Chitale                                                   MGMT             YES      FOR        FOR
                   6 Elect Y.B. Sinha                                                      MGMT             YES      FOR        FOR
                   7 Elect A.K. Balyan                                                     MGMT             YES      FOR        FOR
                   8 Set Auditors' Fees                                                    MGMT             YES      FOR        FOR
                   9 Add or Remove Exchange Listing                                        MGMT             YES      FOR        FOR
                  10 Amend Articles--Technical                                             MGMT             YES     AGNST      AGNST
                     Amend Articles on Capital Issues
                  11 Approve Share Transfer/Registration                                   MGMT             YES      FOR        FOR

Optimax Technology Corp                                                        Y64956108   6/27/05          Annual
                1.01 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.02 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   6 Consider other business                                               MGMT             YES      FOR        FOR

Orascom Constructions Industry                                                 68554N106   5/15/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   5 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Authorize charitable donations                                        MGMT             YES      FOR        FOR

Orascom Constructions Industry                                                 M7525D108   5/15/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   5 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Authorize charitable donations                                        MGMT             YES      FOR        FOR

Orascom Telecom Holdings Sae                                                   6269838     9/1/04           Special
                   1 Issue Debt Instruments                                                MGMT             NO       TAKE NO ACTION
                   2 Relocate Corporate Headquarters                                       MGMT             NO       TAKE NO ACTION
                   3 Amend Board/Supervisory Board Size                                    MGMT             NO       TAKE NO ACTION
                   4 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION
                   5 Approve Debt-for-Equity Arrangement                                   MGMT             NO       TAKE NO ACTION

Orascom Telecom Holdings Sae                                 ORASYP            68554W106   9/1/04           Special
                   1 Issue Debt Instruments                                                MGMT             NO       TAKE NO ACTION
                   2 Relocate Corporate Headquarters                                       MGMT             NO       TAKE NO ACTION
                   3 Amend Board/Supervisory Board Size                                    MGMT             NO       TAKE NO ACTION
                   4 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION
                   5 Approve Debt-for-Equity Arrangement                                   MGMT             NO       TAKE NO ACTION

Organizacion Soriana                                         SORIANA           P8728U167   4/15/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set dividend/allocate profits
                   5 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect shareholder representatives
                     Approve directors' fees
                     Approve shareholder representative fees
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Oriflame Cosmetics SA                                                          L7272A100   5/19/05          Annual
                   1 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   5 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                   6 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   9 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Oriflame Cosmetics SA                                                          L7272A100   5/19/05          Annual
                   1 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                  10 Amend articles--technical                                             MGMT             YES      FOR        FOR

Oxus Gold                                                                      3063271     12/8/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Elect Douglas Sutherland                                              MGMT             YES      FOR        FOR
                   3 Elect Oliver Prior                                                    MGMT             YES      FOR        FOR
                   4 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   5 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

Oxus Gold                                                                      3063271     12/16/04         Special
                   1 Increase Authorized Capital                                           MGMT             YES      FOR        FOR
                   2 Issue Stock w/ Preemptive Rights                                      MGMT             YES      FOR        FOR
                   3 Issue Stock w/ Preemptive Rights                                      MGMT             YES      FOR        FOR
                   4 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   5 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

Partner Communications Co Ltd                                                  70211M109   10/20/04         Annual
                   1 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                2.01 Elect Canning Fok Kin-ning                                            MGMT             YES      FOR        FOR
                2.02 Elect Chan Ting Yu                                                    MGMT             YES      FOR        FOR
                2.03 Elect Khoo Chek Ngee                                                  MGMT             YES      FOR        FOR
                2.04 Elect Susan Chow Woo Mo Fong                                          MGMT             YES      FOR        FOR
                2.05 Elect Uzia Galil                                                      MGMT             YES      FOR        FOR
                2.06 Elect Erez Gissin                                                     MGMT             YES      FOR        FOR
                2.07 Elect Tal Raz                                                         MGMT             YES      FOR        FOR
                2.08 Elect Frank John Sixt                                                 MGMT             YES      FOR        FOR
                2.09 Elect Pesach Shachar                                                  MGMT             YES      FOR        FOR
                 2.1 Elect Colin Tucker                                                    MGMT             YES      FOR        FOR
                2.11 Elect Mordechai Keret                                                 MGMT             YES      FOR        FOR
                2.12 Elect Dennis Lui Pok Man                                              MGMT             YES      FOR        FOR
                   3 Approve Financial Statements                                          MGMT             YES      FOR        FOR

Partner Communications Co Ltd                                                  70211M109   10/20/04         Special
                   1 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR
                   2 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR
                   3 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR
                   4 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Partner Communications Co Ltd                                                  M78465107   4/12/05          Special
                   1 Approve borrowing                                                     MGMT             YES      FOR        FOR
                     Approve related party transactions
                   2 Approve minimum shareholding requirement                              MGMT             YES      FOR        FOR
                     Amend articles--technical
                     Approve related party transactions
                     Amend board powers/procedures/qualifications
                     Establish board committees
                   3 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                     Approve related party transactions

Perusahaan Gas Negara                                                          Y7136Y100   6/1/05           Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   6 Approve stock option plan                                             MGMT             YES      FOR        FOR

Petrochina Co Ltd                                            00857             Y6883Q104   5/26/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.147511                                        MGMT             YES      FOR        FOR
                   5 Approve interim dividend                                              MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   7 Amend articles--technical                                             MGMT             YES      FOR        FOR
                     Amend board powers/procedures/qualifications
                     Amend board election rules
                   8 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   9 Consider other business                                               MGMT             YES      FOR        FOR

Petroleo Brasileiro (Petrobras)                                                P78331132   3/31/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Set Dividend at 4.60                                                  MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect statutory auditors
                   5 Elect board chairman                                                  MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee

PICC Property & Casualty Co                                  02328             Y6975Z103   4/29/05          Special
                   1 Elect Peter Luk Kin Yu                                                MGMT             YES      FOR        FOR

PICC Property & Casualty Co                                  02328             Y6975Z103   6/15/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.00                                            MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   7 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                     Amend articles to reflect capital inc/decrease

Porto Seguro SA                                                                B0498T7     12/20/04         Special
                   1 Election of directors by slate                                        MGMT             YES      FOR        FOR

President Chain Store Corp                                                     Y7082T105   6/14/05          Annual
                1.01 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.02 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.03 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.04 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.05 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.06 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 3.00                                            MGMT             YES      FOR        FOR
                   4 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   5 Consider other business                                               MGMT             YES      FOR        FOR
                   6 Consider other business                                               MGMT             YES      FOR        FOR

Public Bank                                                                    Y71497112   3/30/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 50.00                                           MGMT             YES      FOR        FOR
                   3 Elect Y.Bhg. Dato Lee Kong Lam                                        MGMT             YES      FOR        FOR
                   4 Elect Dato' Yeoh Chin Kee                                             MGMT             YES      FOR        FOR
                   5 Elect Lee Chin Guan                                                   MGMT             YES      FOR        FOR
                   6 Elect Tan Sri Dato' Sri Dr. Teh Hong Piow                             MGMT             YES      FOR        FOR
                   7 Elect Y.Bhg. Tan Sri Dato Thong Yaw Hong                              MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                  10 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST

Public Bank                                                                    Y71497112   3/30/05          Special
                   1 Increase authorized capital                                           MGMT             YES     AGNST      AGNST
                   2 Amend stock option plan                                               MGMT             YES      FOR        FOR
                   3 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   4 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   5 Amend articles to reflect capital inc/decrease                        MGMT             YES     AGNST      AGNST
                   6 Amend articles to reflect capital inc/decrease                        MGMT             YES     AGNST      AGNST
                     Amend articles--technical

Quanta Computer                                              QCI               Y7174J106   6/13/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 2.50                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   6 Consider other business                                               MGMT             YES      FOR        FOR

Ramayana Lestari Sentosa                                                       Y7134V157   6/17/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Appoint outside auditors                                              MGMT             YES      FOR        FOR

Ranbaxy Laboratories Ltd                                                       Y7187Y140   6/30/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 17.00                                                 MGMT             YES      FOR        FOR
                   3 Elect P.S. Joshi                                                      MGMT             YES      FOR        FOR
                   4 Elect Surendra Daulet-Singh                                           MGMT             YES      FOR        FOR
                   5 Elect J.W. Balani                                                     MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   7 Elect Ramesh L. Adige                                                 MGMT             YES      FOR        FOR
                   8 Ratify executive board appointments                                   MGMT             YES      FOR        FOR
                     Approve directors' fees
                   9 Approve stock option plan                                             MGMT             YES      FOR        FOR
                  10 Approve stock option grant                                            MGMT             YES      FOR        FOR
                  11 Approve stock split                                                   MGMT             YES      FOR        FOR
                  12 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR
                  13 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR

Reliance Energy                                                                Y09789127   1/17/05          Special
                   1 Amend board election rules                                            MGMT             YES     ABSTAIN    AGNST

Reliance Energy                                                                Y09789127   6/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 1.40                                            MGMT             YES      FOR        FOR
                   3 Elect General V.P. Malik                                              MGMT             YES      FOR        FOR
                   4 Elect S.L. Rao                                                        MGMT             YES      FOR        FOR
                   5 Elect Dr. Leena Shrivastava                                           MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR

Resorts World BHD                                                              Y7368M113   6/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 11.00                                           MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   4 Elect Lim Kok Thay                                                    MGMT             YES      FOR        FOR
                   5 Elect Clifford Francis Herbert                                        MGMT             YES      FOR        FOR
                   6 Elect Alwi Jantan                                                     MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   9 Authorize share repurchase                                            MGMT             YES     AGNST      AGNST

Resorts World BHD                                                              Y7368M113   6/28/05          Special
                   1 Approve divestiture/spin-off                                          MGMT             YES      FOR        FOR
                   2 Approve divestiture/spin-off                                          MGMT             YES      FOR        FOR

Richter Gedeon Vegyeszeti Gyar Rt                                              368467205   4/27/05          Annual
                1.01 Amend meeting procedures/change date                                  MGMT             NO       TAKE NO ACTION
                2.01 Amend meeting procedures/change date                                  MGMT             NO       TAKE NO ACTION
                   3 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   4 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                5.01 Set Dividend at 500.00                                                MGMT             NO       TAKE NO ACTION
                   6 Set Dividend at 500.00                                                MGMT             NO       TAKE NO ACTION
                7.01 Approve use/transfer of reserves                                      MGMT             NO       TAKE NO ACTION
                8.01 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   9 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                  10 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                  11 Authorize share repurchase                                            MGMT             NO       TAKE NO ACTION
                  12 Increase authorized capital                                           MGMT             NO       TAKE NO ACTION
               13.01 Increase authorized capital                                           MGMT             NO       TAKE NO ACTION
               14.01 Convert one form of stock to another                                  MGMT             NO       TAKE NO ACTION
               15.01 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
               16.01 Change stock exchange listing(s)                                      MGMT             NO       TAKE NO ACTION
               17.01 Amend articles--technical                                             MGMT             NO       TAKE NO ACTION
               18.01 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
               19.01 Election of directors by slate                                        MGMT             NO       TAKE NO ACTION
               20.01 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
               21.01 Approve stock option grant                                            MGMT             NO       TAKE NO ACTION
                     Approve stock option grant
               22.01 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                     Approve directors' fees
               23.01 Appoint outside auditors                                              MGMT             NO       TAKE NO ACTION
               24.01 Set auditors' fees                                                    MGMT             NO       TAKE NO ACTION

Road Builder                                                                   6745286     12/6/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 8.00                                                  MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Elect Tan Sri Dato' Sri (Dr.) Chua Hock Chin                          MGMT             YES      FOR        FOR
                   5 Elect Tan Sri Datuk Nasruddin bin Bahari                              MGMT             YES      FOR        FOR
                   6 Elect Ahmad bin Mohd Ali                                              MGMT             YES      FOR        FOR
                   7 Elect Ahmad Rithauddeen bin Tengku Ismail                             MGMT             YES      FOR        FOR
                   8 Elect Tan Sri Dato' Chen Wing Sum                                     MGMT             YES      FOR        FOR
                   9 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                  10 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

SABESP (Companhia de Saneamento Basico)                      SBS               20441A102   3/21/05          Special
                   1 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   2 Consider other business                                               MGMT             YES      FOR        FOR

Samsung Electronics Co Ltd                                   SEEPP             796050888   2/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 5000.00
                   2 Elect In-Joo Kim                                                      MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR

Samsung Fire & Marine                                                          Y7473H108   5/31/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 1000.00
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Samsung SDI                                                  006400            Y74866107   2/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set dividend/allocate profits
                   2 Amend board/supervisory board size                                    MGMT             YES      FOR        FOR
                3.01 Elect Chul Han Bae                                                    MGMT             YES      FOR        FOR
                3.02 Elect Joon Chul Jang                                                  MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Samsung Securities                                                             Y7486Y106   6/3/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 400.00
                   2 Amend company purpose                                                 MGMT             YES      FOR        FOR
                   3 Elect Seok Kim                                                        MGMT             YES      FOR        FOR
                   4 Elect board committee                                                 MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR

Sappi                                                        SAP               S73544108   3/7/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                3.01 Elect David Brink                                                     MGMT             YES      FOR        FOR
                3.02 Elect Meyer Feldberg                                                  MGMT             YES      FOR        FOR
                3.03 Elect Wolfgang Pfarl                                                  MGMT             YES      FOR        FOR
                3.04 Elect Dr. Franklin A. Sonn                                            MGMT             YES      FOR        FOR
                   4 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   5 Approve executive profit sharing/bonus plan                           MGMT             YES      FOR        FOR
                   6 Reissuance of shares/treasury stock                                   MGMT             YES      FOR        FOR
                   7 Issue stock w/ or w/o preemptive rights                               MGMT             YES     AGNST      AGNST
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                  10 Other business                                                        MGMT             YES      FOR        FOR

Sasol Ltd                                                                      6777450     11/30/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Paul Kruger                                                     MGMT             YES      FOR        FOR
                2.02 Elect Elisabeth Bradley                                               MGMT             YES      FOR        FOR
                2.03 Elect Brian P. Connellan                                              MGMT             YES      FOR        FOR
                2.04 Elect Pat Davies                                                      MGMT             YES      FOR        FOR
                2.05 Elect Jurgen Schrempp                                                 MGMT             YES      FOR        FOR
                   3 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                   4 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   5 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES      FOR        FOR
                   6 Approve Directors' Fees                                               MGMT             YES      FOR        FOR

Sberbank                                                                       80529Q205   6/24/05          Annual
                   1 Approve statutory reports                                             MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 173.90                                          MGMT             YES      FOR        FOR
                   4 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                5.01 Elect Sergei Ignatiev                                                 MGMT             YES      FOR        FOR
                5.02 Elect Alexei Ulukaev                                                  MGMT             YES      FOR        FOR
                5.03 Elect Tatyana Paramonova                                              MGMT             YES      FOR        FOR
                5.04 Elect Georgy Luntovsky                                                MGMT             YES      FOR        FOR
                5.05 Elect Victor Melnikov                                                 MGMT             YES      FOR        FOR
                5.06 Elect Nadezhda Ivanova                                                MGMT             YES      FOR        FOR
                5.07 Elect Valery Tkachenko                                                MGMT             YES      FOR        FOR
                5.08 Elect Konstantin B. Shor                                              MGMT             YES      FOR        FOR
                5.09 Elect Alexei Kudrin                                                   MGMT             YES      FOR        FOR
                 5.1 Elect Alexei Savatiugin                                               MGMT             YES      FOR        FOR
                5.11 Elect German Oskarovich Gref                                          MGMT             YES      FOR        FOR
                5.12 Elect Andrei Sharonov                                                 MGMT             YES      FOR        FOR
                5.13 Elect Arkady Dvorkovich                                               MGMT             YES      FOR        FOR
                5.14 Elect Andrei Kazmin                                                   MGMT             YES      FOR        FOR
                5.15 Elect Alla Aleshkina                                                  MGMT             YES      FOR        FOR
                5.16 Elect Bella Zlatkis                                                   MGMT             YES      FOR        FOR
                5.17 Elect Sergei Generalov                                                MGMT             YES      FOR        FOR
                5.18 Elect Dmitri Piatkin                                                  MGMT             YES      FOR        FOR
                5.19 Elect Boris Grigorievich Fyodorov                                     MGMT             YES      FOR        FOR
                   6 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.01 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.02 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.03 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.04 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.05 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.06 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                6.07 Appoint board advisors/deputy dirs/alternate dirs                     MGMT             YES      FOR        FOR
                   7 Authorize legal formalities                                           MGMT             YES      FOR        FOR

Semiconductor Manufacturing International                                      G8020E101   5/6/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Richard R. Chang                                                MGMT             YES      FOR        FOR
                2.02 Elect Henry Shaw                                                      MGMT             YES      FOR        FOR
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   4 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   5 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   6 Reissuance of shares/treasury stock                                   MGMT             YES      FOR        FOR
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR
                8.01 Amend articles--technical                                             MGMT             YES      FOR        FOR
                8.02 Amend articles--technical                                             MGMT             YES      FOR        FOR

Semiconductor Manufacturing International                    SMI               81663N206   5/6/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Richard R. Chang                                                MGMT             YES      FOR        FOR
                2.02 Elect Henry Shaw                                                      MGMT             YES      FOR        FOR
                2.03 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   4 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   5 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                   6 Reissuance of shares/treasury stock                                   MGMT             YES      FOR        FOR
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR
                7.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                7.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                8.01 Amend articles--technical                                             MGMT             YES      FOR        FOR

Shanghai Forte Land Co                                                         6589525     9/28/04          Special
                   1 Elect Wang Meijuan                                                    MGMT             YES      FOR        FOR
                   2 Amend Company Purpose                                                 MGMT             YES      FOR        FOR
                   3 Amend Board/Supervisory Board Size                                    MGMT             YES      FOR        FOR

Shangri-La Asia                                              00069             G8063F106   5/26/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 10.00                                           MGMT             YES      FOR        FOR
                3.01 Elect Alexander Reid Hamilton                                         MGMT             YES      FOR        FOR
                3.02 Elect Lee Yong Sun                                                    MGMT             YES      FOR        FOR
                3.03 Elect Tow Heng Tan                                                    MGMT             YES      FOR        FOR
                3.04 Elect Ye Longfei                                                      MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve committee fees
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                6.01 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                6.02 Authorize share repurchase                                            MGMT             YES      FOR        FOR
                6.03 Reissuance of shares/treasury stock                                   MGMT             YES     AGNST      AGNST
                   7 Amend board election rules                                            MGMT             YES      FOR        FOR
                     Amend meeting procedures/change date

Shinhan Financial Group                                      SHG               824596100   3/30/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Dividend at 750.00
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve stock option grant                                            MGMT             YES      FOR        FOR

Shinhan Financial Group                                                        Y7749X101   3/30/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Dividend at 750.00
                2.01 Elect Joo Pyung Kim                                                   MGMT             YES      FOR        FOR
                2.02 Elect Il Sup Kim                                                      MGMT             YES      FOR        FOR
                2.03 Elect Sang Yoon Lee                                                   MGMT             YES      FOR        FOR
                2.04 Elect Yoon Soo Yoon                                                   MGMT             YES      FOR        FOR
                2.05 Elect Shee Yul Ryoo                                                   MGMT             YES      FOR        FOR
                2.06 Elect Byung Hun Park                                                  MGMT             YES      FOR        FOR
                2.07 Elect Dong Hyun Kwon                                                  MGMT             YES      FOR        FOR
                2.08 Elect Young Hoon Choi                                                 MGMT             YES      FOR        FOR
                2.09 Elect Si Jong Kim                                                     MGMT             YES      FOR        FOR
                 2.1 Elect Phillipe Reynieix                                               MGMT             YES      FOR        FOR
                3.01 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.02 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.03 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.04 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.05 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve stock option grant                                            MGMT             YES      FOR        FOR

Siam City Cement                                             SCCC              Y7887N139   4/28/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                   5 Set Final Dividend at 7.00                                            MGMT             YES      FOR        FOR
                     Authorize legal formalities
                     Approve bonus
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Consider other business                                               MGMT             YES      FOR        FOR

Siliconware Precision Industries Co                                            Y7934R109   6/13/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 0.75                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES      FOR        FOR
                6.01 Elect Bough Lin                                                       MGMT             YES      FOR        FOR
                6.02 Elect Tsai Chi Wen                                                    MGMT             YES      FOR        FOR
                6.03 Elect Lin Wen Long                                                    MGMT             YES      FOR        FOR
                6.04 Elect Chang Yen Chung                                                 MGMT             YES      FOR        FOR
                6.05 Elect Lin Wen Jung                                                    MGMT             YES      FOR        FOR
                6.06 Elect Jerome Tsai                                                     MGMT             YES      FOR        FOR
                6.07 Elect Liu Hsiu Li                                                     MGMT             YES      FOR        FOR
                6.08 Elect Liu Ing Dar                                                     MGMT             YES      FOR        FOR
                6.09 Elect Aur Jing Shan                                                   MGMT             YES      FOR        FOR
                 6.1 Elect Cheng Wen Lung                                                  MGMT             YES      FOR        FOR
                6.11 Elect Tang Fu Mei                                                     MGMT             YES      FOR        FOR
                6.12 Elect Teresa Wang                                                     MGMT             YES      FOR        FOR
                   7 Consider other business                                               MGMT             YES      FOR        FOR

SK Telecom                                                   017670            Y4935N104   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 9300.00
                   2 Amend board/supervisory board size                                    MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                4.01 Elect Shin Bae Kim                                                    MGMT             YES      FOR        FOR
                4.02 Elect Bang Hyung Lee                                                  MGMT             YES      FOR        FOR
                4.03 Elect Dae Gyu Byun                                                    MGMT             YES      FOR        FOR
                4.04 Elect Seung Taek Yang                                                 MGMT             YES      FOR        FOR
                4.05 Elect Jae Seung Yoon                                                  MGMT             YES      FOR        FOR
                4.06 Elect Sang Chin Lee                                                   MGMT             YES      FOR        FOR
                   5 Elect board committee                                                 MGMT             YES      FOR        FOR

SK Telecom                                                                     78440P108   3/11/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set Final Dividend at 9300.00
                   2 Amend board/supervisory board size                                    MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   4 Election of directors by slate                                        MGMT             YES      FOR        FOR
                4.07 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   5 Elect board committee                                                 MGMT             YES      FOR        FOR

SM Prime Holdings Inc                                                          Y8076N112   4/25/05          Annual
                   1 Call to order                                                         MGMT             YES      FOR        FOR
                   2 Determine the existence of quorum                                     MGMT             YES      FOR        FOR
                   3 Approve the minutes of the previous shareholders meeting              MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                   5 Ratify board acts-symbolic                                            MGMT             YES      FOR        FOR
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   7 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   8 Consider other matters                                                MGMT             YES      FOR        FOR
                   9 Adjournment                                                           MGMT             YES      FOR        FOR

Sohu.com                                                                       83408W103   5/12/05          Annual
                1.01 Elect Charles Zhang                                                   MGMT             YES      FOR        FOR
                1.02 Elect Charles Huang                                                   MGMT             YES      FOR        FOR
                1.03 Elect Dave Qi                                                         MGMT             YES      FOR        FOR
                1.04 Elect Shi Wang                                                        MGMT             YES      FOR        FOR
                   2 Add shares to the 2000 Stock Incentive Plan                           MGMT             YES      FOR        FOR
                     Amend Stock Incentive Plan
                   3 Ratify selection of auditors                                          MGMT             YES      FOR        FOR

SP Setia Bhd                                                 SPSETIA           Y8132G101   2/24/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 14.00                                           MGMT             YES      FOR        FOR
                   3 Elect Tan Sri Dato Zaki bin Tun Azmi                                  MGMT             YES      FOR        FOR
                   4 Elect Datuk Ismail bin Adam                                           MGMT             YES      FOR        FOR
                   5 Elect David George Anthony Dass                                       MGMT             YES      FOR        FOR
                   6 Elect Kok Weng Yap                                                    MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   9 Approve related party transactions                                    MGMT             YES      FOR        FOR

SP Setia Bhd                                                 SPSETIA           Y8132G101   6/20/05          Special
                   1 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR
                     Amend/remove par value
                   2 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR

Spar Group Ltd                                                                 S8050H104   2/8/05           Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Michael John Hankinson                                          MGMT             YES      FOR        FOR
                2.02 Elect Gugu Moloi                                                      MGMT             YES      FOR        FOR
                2.03 Elect David B. Gibbon                                                 MGMT             YES      FOR        FOR
                2.04 Elect Harish Kantilal Mehta                                           MGMT             YES      FOR        FOR
                2.05 Elect Mziwakhe Phinda Madi                                            MGMT             YES      FOR        FOR
                2.06 Elect Rowan James Hutchison                                           MGMT             YES      FOR        FOR
                   3 Appoint outside auditors                                              MGMT             YES      FOR        FOR

Standard Bank Group                                                            6108005     9/13/04          Special
                   1 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   2 Reissuance of Shares/Treasury Stock                                   MGMT             YES      FOR        FOR
                   3 Reissuance of Shares/Treasury Stock                                   MGMT             YES      FOR        FOR
                   4 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Standard Bank Group                                                            6108005     9/13/04          Annual
                   1 Approve Scheme of Arrangement                                         MGMT             YES      FOR        FOR

Standard Bank Group                                                            B030GJ7     12/6/04          Special
                   1 Reissuance of Shares/Treasury Stock                                   MGMT             YES      FOR        FOR
                   2 Reissuance of Shares/Treasury Stock                                   MGMT             YES      FOR        FOR
                   3 Reissuance of Shares/Treasury Stock                                   MGMT             YES      FOR        FOR
                   4 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Standard Bank Group                                                            S80605132   5/25/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                2.01 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.02 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.03 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.04 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.05 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.06 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.07 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.08 Approve directors' fees                                               MGMT             YES      FOR        FOR
                2.09 Approve directors' fees                                               MGMT             YES      FOR        FOR
                 2.1 Approve directors' fees                                               MGMT             YES      FOR        FOR
                3.01 Elect Elisabeth Bradley                                               MGMT             YES      FOR        FOR
                3.02 Elect Derek Cooper                                                    MGMT             YES      FOR        FOR
                3.03 Elect Saki J Macozoma                                                 MGMT             YES      FOR        FOR
                3.04 Elect Richard Peter Menell                                            MGMT             YES      FOR        FOR
                3.05 Elect M. Cyril Ramaphosa                                              MGMT             YES      FOR        FOR
                3.06 Elect Mamphela Ramphele                                               MGMT             YES      FOR        FOR
                3.07 Elect Martin J. Shaw                                                  MGMT             YES      FOR        FOR
                3.08 Elect Conrad Strauss                                                  MGMT             YES      FOR        FOR
                4.01 Approve director participation in stock plan                          MGMT             YES      FOR        FOR
                4.02 Approve executive profit sharing/bonus plan                           MGMT             YES      FOR        FOR
                4.03 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR
                4.04 Amend executive profit sharing/bonus plan                             MGMT             YES      FOR        FOR
                4.05 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR
                4.06 Issue stock w/ or w/o preemptive rights                               MGMT             YES      FOR        FOR
                4.07 Approve Issue of preferred stock                                      MGMT             YES      FOR        FOR
                4.08 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   5 Authorize share repurchase                                            MGMT             YES      FOR        FOR

State Bank of India                                                            6100799     7/9/04           Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR

State Bank of India                                                            6100799     8/31/04          Special
                1.01 Elect A.G. Piramal                                                    MGMT             YES      FOR        FOR
                1.02 Elect I.G. Patel                                                      MGMT             YES      FOR        FOR
                1.03 Elect N.V. Rao                                                        MGMT             NO       TAKE NO ACTION

Sun Pharmaceuticals                                                            6582483     7/31/04          Special
                   1 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                     Increase Authorized Capital
                   2 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

Sun Pharmaceuticals                                                            6582483     12/30/04         Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Elect S. Mohanchand Dadha                                             MGMT             YES      FOR        FOR
                   4 Elect Sudhir V. Valia                                                 MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Convert one form of stock to another                                  MGMT             YES      FOR        FOR
                   7 Approve undisclosed article amendments                                MGMT             YES     ABSTAIN    AGNST
                   8 Change Stock Exchange Listing(s)                                      MGMT             YES      FOR        FOR

Sun Pharmaceuticals                                                            Y8523Y141   2/8/05           Special
                   1 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR

Sun Pharmaceuticals                                                            Y8523Y141   4/4/05           Annual
                   1 Approve merger/acquisition                                            MGMT             YES      FOR        FOR
                     Increase authorized capital

Super-Sol                                                                      M8710D119   5/17/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   3 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR

Taiwan Cement                                                                  Y8415D106   6/30/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 0.70                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Approve undisclosed article amendments                                MGMT             YES      FOR        FOR
                   6 Approve undisclosed article amendments                                MGMT             YES     AGNST      AGNST
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR

Taiwan Hon Chuan Enterprise                                                    Y8421M108   6/14/05          Annual
                   1 NV -  Receive statutory reports                                        MGMT             YES      FOR        FOR
                   2 NV -  Receive statutory reports                                        MGMT             YES      FOR        FOR
                     Authorize legal formalities
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 1.20                                            MGMT             YES      FOR        FOR
                   5 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   6 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   7 Issue stock w/ preemptive rights                                      MGMT             YES     AGNST      AGNST
                   8 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   9 Amend articles--technical                                             MGMT             YES      FOR        FOR
                  10 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                     Election of directors by slate
                  11 Approve related party transactions                                    MGMT             YES      FOR        FOR

Taiwan Semiconductor Manufacturing                           TSM               874039100   12/21/04         Special
                   1 Amend Dividend Distribution Rules                                     MGMT             YES      FOR        FOR

Taiwan Semiconductor Manufacturing                                             6889106     12/21/04         Special
                   1 Amend Dividend Distribution Rules                                     MGMT             YES      FOR        FOR

Taiwan Semiconductor Manufacturing                                             874039100   5/10/05          Annual
                   6 Approve financial statements                                          MGMT             YES      FOR        FOR
                   7 Set Final Dividend at 2.00                                            MGMT             YES      FOR        FOR
                   8 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   9 Amend articles--technical                                             MGMT             YES      FOR        FOR
                     Increase authorized capital

Taiwan Semiconductor Manufacturing                                             Y84629107   5/10/05          Annual
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   6 Approve financial statements                                          MGMT             YES      FOR        FOR
                   7 Set Final Dividend at 2.00                                            MGMT             YES      FOR        FOR
                   8 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   9 Amend articles--technical                                             MGMT             YES      FOR        FOR
                     Increase authorized capital
                  10 Consider other business                                               MGMT             YES      FOR        FOR

Tansas Perakende Magazacilik                                                   M8736Z110   3/25/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set dividend/allocate profits
                   5 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   6 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   7 Ratify statutory auditor acts - legal                                 MGMT             YES      FOR        FOR
                   8 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Approve directors' fees
                   9 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                  10 Authorize charitable donations                                        MGMT             YES     AGNST      AGNST
                  11 Approve related party transactions                                    MGMT             YES      FOR        FOR
                  12 Consider other business                                               MGMT             YES      FOR        FOR

Tele Celular Sul Participacoes                                                 2292560     8/19/04          Special
                   1 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   2 Appoint Appraiser/Special Auditor                                     MGMT             YES      FOR        FOR
                   3 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   4 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                   5 Change Company Name                                                   MGMT             YES      FOR        FOR
                   6 Increase Authorized Capital                                           MGMT             YES      FOR        FOR
                     Amend Articles for Capital Increase/Decrease
                   7 Amend Articles for Capital Increase/Decrease                          MGMT             YES      FOR        FOR
                   8 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Tele Centro Oeste Celular Participa                                            P9029W100   3/31/05          Annual
                   5 Elect statutory auditors                                              MGMT             YES      FOR        FOR

Tele Centro Oeste Celular Participacoes SA                                     P9029W118   3/31/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 0.32                                                  MGMT             YES     AGNST      AGNST
                   3 Approve use/transfer of reserves                                      MGMT             YES     AGNST      AGNST
                   4 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                   5 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   7 Reduce authorized capital                                             MGMT             YES      FOR        FOR
                   8 Approve reverse stock split                                           MGMT             YES      FOR        FOR
                   9 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR
                  10 Amend company purpose                                                 MGMT             YES      FOR        FOR
                  11 Amend articles--technical                                             MGMT             YES     ABSTAIN    AGNST
                  12 Authorize legal formalities                                           MGMT             YES     ABSTAIN    AGNST

Tele Leste Celular                                                             P90366108   3/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                   3 Approve maximum statutory auditors' fee                               MGMT             YES      FOR        FOR
                     Approve directors' fees

Tele Nordeste Celular Participacoes                                            2292786     8/19/04          Special
                   1 Approve Merger/Acquisition                                            MGMT             YES      FOR        FOR
                   2 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Tele Norte Celular Participacoes                                               P90369110   4/26/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR

Telecom Argentina                                            TEO               879273209   11/2/04          Special
                   1 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Approve Restructuring/Recapitalization                                MGMT             NO       TAKE NO ACTION
                     Ratify Management Acts-Legal
                     Ratify Board Acts-Legal
                   3 Issue Debt Instruments                                                MGMT             NO       TAKE NO ACTION
                   4 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION
                   5 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION

Telecom Argentina                                            TEO               879273209   11/26/04         Special
                   1 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Authorize Legal Formalities                                           MGMT             NO       TAKE NO ACTION

Telecom Argentina                                                              879273209   4/27/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES     ABSTAIN    AGNST
                   2 Approve financial statements                                          MGMT             YES     ABSTAIN    AGNST
                   3 Authorize legal formalities                                           MGMT             YES     ABSTAIN    AGNST
                   4 Ratify board acts-legal                                               MGMT             YES     ABSTAIN    AGNST
                   5 Approve directors' fees                                               MGMT             YES     ABSTAIN    AGNST
                   6 Approve directors' fees                                               MGMT             YES     ABSTAIN    AGNST
                   7 Approve supervisory board/corp. assembly fees                         MGMT             YES     ABSTAIN    AGNST
                   8 Amend board/supervisory board size                                    MGMT             YES     ABSTAIN    AGNST
                   9 Election of directors by slate                                        MGMT             YES     ABSTAIN    AGNST
                  10 Elect supervisory board/corporate assembly                            MGMT             YES     ABSTAIN    AGNST
                  11 Appoint outside auditors                                              MGMT             YES     ABSTAIN    AGNST
                  12 Approve committee budget                                              MGMT             YES     ABSTAIN    AGNST

Telecomunicacoes de Sao Paulo (Telesp)                                         2292708     9/2/04           Special
                   1 Authorize Securities Distribution Program                             MGMT             YES      FOR        FOR
                   2 Issue Debt Instruments                                                MGMT             YES      FOR        FOR

Telekom Malaysia                                                               Y8578H118   5/17/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 20.00                                           MGMT             YES      FOR        FOR
                   3 Elect Jazlan Tan Sri Mohamed                                          MGMT             YES      FOR        FOR
                   4 Elect Dato' Azman bin Mokhtar                                         MGMT             YES      FOR        FOR
                   5 Elect Dato' Abdul Wahid Omar                                          MGMT             YES      FOR        FOR
                   6 Elect Rahim Haji Abdul                                                MGMT             YES      FOR        FOR
                   7 Elect Dato' Dr. Abdul Rahim bin Haji Daud                             MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                  10 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST

Telekom Malaysia                                                               Y8578H118   5/17/05          Special
                   1 Approve merger/acquisition                                            MGMT             YES      FOR        FOR
                   2 Approve divestiture/spin-off                                          MGMT             YES      FOR        FOR
                   3 Amend stock option plan                                               MGMT             YES      FOR        FOR
                   4 Approve stock option grant                                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES      FOR        FOR

Telekomunikacja Polska                                                         X6669J101   4/26/05          Annual
                   1 Opening of meeting                                                    MGMT             NO       TAKE NO ACTION
                   2 Elect chairman                                                        MGMT             NO       TAKE NO ACTION
                   3 Confirm validity of meeting                                           MGMT             NO       TAKE NO ACTION
                   4 Approve agenda                                                        MGMT             NO       TAKE NO ACTION
                   5 Elect voting commission                                               MGMT             NO       TAKE NO ACTION
                6.01 Review of management board report on company activities               MGMT             NO       TAKE NO ACTION
                6.02 Review of management board motion on distribution of profi            MGMT             NO       TAKE NO ACTION
                6.03 Review report on the activities of the supervisory board              MGMT             NO       TAKE NO ACTION
                6.04 Review management board report on capital group activity              MGMT             NO       TAKE NO ACTION
                6.05 Review of supervisory board report on capital group activi            MGMT             NO       TAKE NO ACTION
                7.01 Approve management board report on corporate activities               MGMT             NO       TAKE NO ACTION
                7.02 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                7.03 Set Final Dividend at 0.33                                            MGMT             NO       TAKE NO ACTION
                7.04 Set Dividend at 0.12                                                  MGMT             NO       TAKE NO ACTION
                7.05 Approve management board report on capital group activity             MGMT             NO       TAKE NO ACTION
                7.06 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                7.07 Ratify management acts-symbolic                                       MGMT             NO       TAKE NO ACTION
                     Ratify board acts-symbolic
                   8 Amend board powers/procedures/qualifications                          MGMT             NO       TAKE NO ACTION
                   9 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                  10 Approve supervisory board/corp. assembly fees                         MGMT             NO       TAKE NO ACTION
                  11 Elect supervisory board/corporate assembly                            MGMT             NO       TAKE NO ACTION
                  12 Closing of meeting                                                    MGMT             NO       TAKE NO ACTION

Telekomunikasi Indonesia                                                       6291745     7/30/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                     Ratify Management Acts-Legal
                     Ratify Board Acts-Legal
                   2 Set Dividend/Allocate Profits                                         MGMT             YES      FOR        FOR
                   3 Appoint Outside Auditors                                              MGMT             YES      FOR        FOR
                   4 Approve Stock Split                                                   MGMT             YES      FOR        FOR
                   5 Amend Articles--Technical                                             MGMT             YES      FOR        FOR
                   6 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                     Approve Supervisory Board/Corp. Assembly Fees

Telekomunikasi Indonesia                                                       Y71474137   6/24/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR

Telemig Celular Participacoes                                                  P9036N119   4/26/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 0.12                                                  MGMT             YES      FOR        FOR
                   3 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   4 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   5 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   6 Increase authorized capital                                           MGMT             YES      FOR        FOR
                     Issue stock w/ or w/o preemptive rights
                   7 Increase authorized capital                                           MGMT             YES      FOR        FOR
                   8 Amend articles to reflect capital inc/decrease                        MGMT             YES      FOR        FOR

Telemig Celular SA                                                             P9035P107   4/26/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   3 Elect statutory auditors                                              MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR

Telesp (Telecomunicacoes de Sao Paulo)                                         2292708     10/15/04         Special
                   1 Election of Directors by Nominee                                      MGMT             YES      FOR        FOR

Tenaga Nasional                                                                6904612     12/23/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 10.00                                           MGMT             YES      FOR        FOR
                   3 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Elect Tan Sri Dato Hari Narayanan Govindasamy                         MGMT             YES      FOR        FOR
                   5 Elect Datuk Amar Leo Moggie                                           MGMT             YES      FOR        FOR
                   6 Elect Dato' Azman bin Mokhtar                                         MGMT             YES      FOR        FOR
                   7 Elect Datuk Mohd Zaid bin Ibrahim                                     MGMT             YES      FOR        FOR
                   8 Elect Dato' Che Khalib bin Mohamad Noh                                MGMT             YES      FOR        FOR
                   9 Elect Dato' Abdul Rahim bin Mokti                                     MGMT             YES      FOR        FOR
                  10 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                  11 Amend Stock Option Plan                                               MGMT             YES     AGNST      AGNST
                  12 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                  13 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  14 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  15 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  16 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  17 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  18 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  19 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  20 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  21 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                  22 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Tenaris SA                                                   TS                88031M109   5/25/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Dividend at 0.11                                                  MGMT             YES      FOR        FOR
                   4 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   5 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   6 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   7 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   8 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   9 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                  10 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                  11 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                  12 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                  13 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR

Test-Rite International                                                        Y85920109   6/14/05          Annual
                1.01 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.02 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.03 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.04 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                1.05 NV -  Receive statutory reports                                       MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 1.80                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Approve divestiture/spin-off                                          MGMT             YES      FOR        FOR
                   6 Amend the process procedures of lending funds to others               MGMT             YES      FOR        FOR
                   7 Amend the process procedures of endorsements/guarantees               MGMT             YES      FOR        FOR
                   8 Amend articles--technical                                             MGMT             YES      FOR        FOR

Texwinca Holdings                                                              6039558     8/26/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 12.00                                           MGMT             YES      FOR        FOR
                3.01 Elect Poon Bun Chak                                                   MGMT             YES      FOR        FOR
                3.02 Elect Poon Kai Chak                                                   MGMT             YES      FOR        FOR
                3.03 Elect Poon Kei Chak                                                   MGMT             YES      FOR        FOR
                3.04 Elect Poon Kwan Chak                                                  MGMT             YES      FOR        FOR
                3.05 Elect Ting Kit Chung                                                  MGMT             YES      FOR        FOR
                3.06 Elect Au Son Yiu                                                      MGMT             YES      FOR        FOR
                3.07 Elect Cheng Shu Wing                                                  MGMT             YES      FOR        FOR
                3.08 Elect David Wong Tze Kin                                              MGMT             YES      FOR        FOR
                3.09 Set Board/Supervisory Board Size Limits                               MGMT             YES      FOR        FOR
                 3.1 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                3.11 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   4 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   5 Amend Articles--Technical                                             MGMT             YES      FOR        FOR
                     Amend Meeting Procedures/Change Date
                     Amend Board Powers/Procedures/Qualifications
                     Amend Board Election Rules
                   6 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   7 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST
                   8 Reissuance of Shares/Treasury Stock                                   MGMT             YES     AGNST      AGNST

Tiger Brands                                                                   6891297     10/8/04          Special
                   1 Approve Divestiture/Spin-off                                          MGMT             YES      FOR        FOR
                     Approve Bonus Dividend/Bonus Share Issue
                     Reduce Share Premium Account
                   2 Amend Stock Option Plan                                               MGMT             YES      FOR        FOR
                     Amend Stock Purchase Plan/SAYE/AESOP

Tiger Brands                                                 TBS               S84594134   2/22/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Elect Susan Louise (Santie) Botha                                     MGMT             YES      FOR        FOR
                   3 Elect Nicholas Dennis                                                 MGMT             YES      FOR        FOR
                   4 Elect Michael Christian Norris                                        MGMT             YES      FOR        FOR
                   5 Elect Roy Vaughan Smither                                             MGMT             YES      FOR        FOR
                   6 Elect Clive Frederick Harold Vaux                                     MGMT             YES      FOR        FOR
                   7 Elect Jan Lois van den Berg                                           MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Authorize share repurchase                                            MGMT             YES      FOR        FOR

Tong Ren Tang Technologies                                   08069             6295048     9/8/04           Special
                   1 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                   2 Amend Articles--Technical                                             MGMT             YES      FOR        FOR
                     Amend Meeting Procedures/Change Date
                     Amend Board Powers/Procedures/Qualifications
                     Amend Board Election Rules

Tong Ren Tang Technologies                                   08069             Y8884M108   5/16/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 0.46                                            MGMT             YES      FOR        FOR
                   4 Elect Ding Yong Ling                                                  MGMT             YES      FOR        FOR
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   8 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                     Authorize legal formalities
                     Amend articles to reflect capital inc/decrease

Transmile Group BHD                                                            6905477     11/25/04         Special
                   1 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   2 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR

Transmile Group BHD                                                            Y89708104   6/21/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 3.00                                                  MGMT             YES      FOR        FOR
                   3 Elect Gan Boon Aun                                                    MGMT             YES      FOR        FOR
                   4 Elect Chin Keem Feung                                                 MGMT             YES      FOR        FOR
                   5 Elect Tan Sri A. Razak bin Ramli                                      MGMT             YES      FOR        FOR
                   6 Elect Abu Huraira bin Abu Yazid                                       MGMT             YES      FOR        FOR
                   7 Elect Datuk Mohamed Adnan bin Ali                                     MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                  10 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                  11 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                  12 Approve related party transactions                                    MGMT             YES      FOR        FOR

Truworths International                                      TRU               6113485     11/4/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                2.01 Elect Albert Edward (Eddie) Parfett                                   MGMT             YES      FOR        FOR
                2.02 Elect Anthony Joseph (Tony) Taylor                                    MGMT             YES      FOR        FOR
                2.03 Elect Wayne Martin van der Merwe                                      MGMT             YES      FOR        FOR
                2.04 Elect Michael Anthony Thompson                                        MGMT             YES      FOR        FOR
                   3 Issue Stock w/ or w/o Preemptive Rights                               MGMT             YES      FOR        FOR
                     Reissuance of Shares/Treasury Stock
                   4 Authorize Share Repurchase                                            MGMT             YES      FOR        FOR
                   5 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   6 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                   7 Approve Stock Option Grants                                           MGMT             YES      FOR        FOR

Tsingtao Brewery Co Ltd                                                        Y8997D102   6/23/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.15                                            MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                6.01 Elect Li Gui Rong                                                     MGMT             YES      FOR        FOR
                6.02 Elect Jin Zhi Guo                                                     MGMT             YES      FOR        FOR
                6.03 Elect Sun Ming Bo                                                     MGMT             YES      FOR        FOR
                6.04 Elect Liu Ying Di                                                     MGMT             YES      FOR        FOR
                6.05 Elect Sun Yu Guo                                                      MGMT             YES      FOR        FOR
                6.06 Elect Stephen J Burrows                                               MGMT             YES      FOR        FOR
                6.07 Elect Mark F Schumm                                                   MGMT             YES      FOR        FOR
                6.08 Elect Chu Zhen Gang                                                   MGMT             YES      FOR        FOR
                6.09 Elect Fu Yang                                                         MGMT             YES      FOR        FOR
                 6.1 Elect Li Yan                                                          MGMT             YES      FOR        FOR
                6.11 Elect Poon Chiu Kwok                                                  MGMT             YES      FOR        FOR
                7.01 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                7.02 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                7.03 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                7.04 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                7.05 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   9 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        N/A
                     Amend meeting procedures/change date
                     Amend articles--technical
                     Amend articles to reflect capital inc/decrease
                     Establish board committees

Turkcell Iletisim Hizmet                                     TCELL             M8903B102   4/29/05          Annual
                   1 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   3 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   4 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   5 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   6 Ratify board acts-legal                                               MGMT             NO       TAKE NO ACTION
                     Ratify statutory auditor acts - legal
                   7 Approve related party transactions                                    MGMT             NO       TAKE NO ACTION
                   8 Amend board powers/procedures/qualifications                          MGMT             NO       TAKE NO ACTION
                   9 Amend board powers/procedures/qualifications                          MGMT             NO       TAKE NO ACTION
                  10 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                     Election of directors by slate
                  11 Approve maximum statutory auditors' fee                               MGMT             NO       TAKE NO ACTION
                     Elect statutory auditors
                  12 Amend articles--technical                                             MGMT             NO       TAKE NO ACTION
                     Increase authorized capital
                     Amend/remove par value
                     Amend articles to reflect capital inc/decrease
                  13 Set dividend/allocate profits                                         MGMT             NO       TAKE NO ACTION
                     Approve special dividend/bonus share issue
                  14 Amend board powers/procedures/qualifications                          MGMT             NO       TAKE NO ACTION
                  15 Amend articles--technical                                             MGMT             NO       TAKE NO ACTION
                  16 Authorize charitable donations                                        MGMT             NO       TAKE NO ACTION
                  17 Appoint outside auditors                                              MGMT             NO       TAKE NO ACTION
                  18 Approve related party transactions                                    MGMT             NO       TAKE NO ACTION
                  19 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                  20 Consider other business                                               MGMT             NO       TAKE NO ACTION

Turkish Petroleum Refineries Corp (Tupras)                   TUPRS             M8966X108   4/12/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize charitable donations                                        MGMT             YES     AGNST      AGNST
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Ratify board acts-legal
                     Ratify statutory auditor acts - legal
                   5 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   6 Approve financial statements                                          MGMT             YES      FOR        FOR
                   7 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                   8 Amend articles--technical                                             MGMT             YES      FOR        FOR
                   9 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect statutory auditors
                  10 Consider other business                                               MGMT             YES      FOR        FOR

Turkiye Garanti Bankasi                                      GARAN             M4752S106   4/4/05           Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set dividend/allocate profits
                   5 Increase authorized capital                                           MGMT             YES     AGNST      AGNST
                     Amend articles to reflect capital inc/decrease
                   6 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                     Ratify statutory auditor acts - legal
                   7 Election of directors by slate                                        MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve maximum statutory auditors' fee
                   9 Authorize charitable donations                                        MGMT             YES     AGNST      AGNST
                  10 Appoint outside auditors                                              MGMT             YES      FOR        FOR
                  11 Approve related party transactions                                    MGMT             YES      FOR        FOR

Turkiye Is Bankasi                                           ISCTR             M8933F115   3/31/05          Annual
                   1 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   3 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                     Ratify board acts-legal
                     Ratify statutory auditor acts - legal
                   4 Set Final Dividend at 0.13                                            MGMT             NO       TAKE NO ACTION
                     Approve special dividend/bonus share issue
                   5 Election of directors by slate                                        MGMT             NO       TAKE NO ACTION
                   6 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                   7 Elect statutory auditors                                              MGMT             NO       TAKE NO ACTION
                   8 Approve maximum statutory auditors' fee                               MGMT             NO       TAKE NO ACTION

UltraTech Cemco Ltd                                                            B01F7X5     10/11/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 0.50                                                  MGMT             YES      FOR        FOR
                   3 Elect J.P. Nayek                                                      MGMT             YES      FOR        FOR
                   4 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   5 Amend Board/Supervisory Board Size                                    MGMT             YES      FOR        FOR
                   6 Elect Kumar Mangalam Birla                                            MGMT             YES      FOR        FOR
                   7 Elect Rajashee Birla                                                  MGMT             YES      FOR        FOR
                   8 Elect R.C. Bhargava                                                   MGMT             YES      FOR        FOR
                   9 Elect A.R. Gandhi                                                     MGMT             YES      FOR        FOR
                  10 Elect D.D. Rathi                                                      MGMT             YES      FOR        FOR
                  11 Elect S. Misra                                                        MGMT             YES      FOR        FOR
                  12 Elect Y.P. Gupta                                                      MGMT             YES      FOR        FOR
                  13 Ratify Executive Board Appointments                                   MGMT             YES      FOR        FOR
                     Approve Directors' Fees
                  14 Amend Articles--Technical                                             MGMT             YES     AGNST      AGNST
                     Amend Articles Regarding Capital Issues
                  15 Change Company Name                                                   MGMT             YES      FOR        FOR

UMW Holdings                                                                   Y90510101   6/16/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 10.00                                           MGMT             YES      FOR        FOR
                   3 Elect Lee Yee Cheong                                                  MGMT             YES      FOR        FOR
                   4 Elect Yusof bin Hussin                                                MGMT             YES      FOR        FOR
                   5 Elect Dato' Mohd Yusof bin Din                                        MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   8 Approve related party transactions                                    MGMT             YES      FOR        FOR

Unimicron Technology                                                           Y90668107   6/13/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.04 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.05 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.06 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                   3 Set Final Dividend at 0.60                                            MGMT             YES      FOR        FOR
                   4 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   6 Election of directors by slate                                        MGMT             YES      FOR        FOR
                     Elect supervisory board/corporate assembly
                   7 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   8 Consider other business                                               MGMT             YES      FOR        FOR

United Mizrahi Bank                                                            M9540S110   3/22/05          Special
                   1 Indemnify directors/officers                                          MGMT             YES      FOR        FOR
                     Approve related party transactions

Urbi Desarrollos Urbanos                                     URBI              B0126X9     7/19/04          Annual
                   1 Election of Directors by Slate                                        MGMT             YES      FOR        FOR
                   2 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR

Vanguard International Semiconductor                                           6109677     12/27/04         Special
                   1 Amend Dividend Distribution Rules                                     MGMT             YES      FOR        FOR

Vanguard International Semiconductor                                           Y9353N106   5/20/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve financial statements                                          MGMT             YES      FOR        FOR
                3.01 Set Final Dividend at 1.65                                            MGMT             YES      FOR        FOR
                3.02 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   4 Consider other business                                               MGMT             YES      FOR        FOR

Via Technologies                                                               6146823     12/22/04         Special
                1.01 Approve Scrip Dividend/Dividend Reinvestment Plan                     MGMT             YES      FOR        FOR
                1.02 Approve Bonus Dividend/Bonus Share Issue                              MGMT             YES      FOR        FOR

Via Technologies                                                               Y9363G109   6/13/05          Annual
                1.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.04 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.05 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.06 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                1.07 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Approve special dividend/bonus share issue                            MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Misc. non-U.S. mgt capital                                            MGMT             YES      FOR        FOR
                   5 Amend articles--technical                                             MGMT             YES     AGNST      AGNST
                   6 Consider other business                                               MGMT             YES      FOR        FOR

Vietnam Enterprise Investments                                                 0933010     11/10/04         Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Authorize Legal Formalities                                           MGMT             YES      FOR        FOR
                   3 Elect Andrew Korner                                                   MGMT             YES      FOR        FOR
                   4 Elect Richard McKegney                                                MGMT             YES      FOR        FOR
                   5 Elect Paul Serfaty                                                    MGMT             YES      FOR        FOR
                   6 Elect Peter Williams                                                  MGMT             YES      FOR        FOR
                   7 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   8 Issue Stock w/o Preemptive Rights                                     MGMT             YES      FOR        FOR
                   9 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR
                  10 Amend Foreign Investor Restrictions                                   MGMT             YES      FOR        FOR

Vimpel Communications                                        VIP               68370R109   10/8/04          Special
                   1 Amend Articles--Technical                                             MGMT             YES      FOR        FOR

Vodafone Egypt Telecommunications                                              M9760T103   6/21/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 1.75                                            MGMT             YES      FOR        FOR
                   5 Ratify board acts-legal                                               MGMT             YES      FOR        FOR
                   6 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   7 Authorize charitable donations                                        MGMT             YES      FOR        FOR
                   8 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   9 Election of directors by slate                                        MGMT             YES      FOR        FOR
                  10 Approve related party transactions                                    MGMT             YES     AGNST      AGNST

Weiqiao Textile Company                                      02698             6684594     4/25/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Set Final Dividend at 0.25                                            MGMT             YES      FOR        FOR
                   3 Approve directors' fees                                               MGMT             YES      FOR        FOR
                     Approve supervisory board/corp. assembly fees
                   4 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   5 Consider other business                                               MGMT             YES      FOR        FOR
                   6 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                   7 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                     Amend board election rules

Wimm Bill Dann Foods                                         WBD               97263M109   9/10/04          Special
                   1 Terminate Board Authority                                             MGMT             YES      AGNST      FOR
                   2 Election of Directors by Slate                                        MGMT             YES      AGNST      FOR
                3.01 Indemnify Directors/Officers                                          MGMT             YES      FOR        FOR
                3.02 Approve Directors' Fees                                               MGMT             YES      FOR        FOR
                3.03 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR

Woori Finance Holdings                                       053000            Y9695X119   3/28/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                     Set dividend/allocate profits
                   2 Elect Seung-Hee Park                                                  MGMT             YES      FOR        FOR
                3.01 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.02 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.03 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.04 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.05 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.06 Elect board committee                                                 MGMT             YES      FOR        FOR
                3.07 Elect board committee                                                 MGMT             YES      FOR        FOR
                   4 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   5 Approve stock option grant                                            MGMT             YES      FOR        FOR

Wumart Stores                                                                  6713164     9/24/04          Special
                   1 Elect Li Lu An                                                        MGMT             YES      FOR        FOR
                   2 Elect Lu Jiang                                                        MGMT             YES      FOR        FOR
                   3 Approve Related Party Transactions                                    MGMT             YES      FOR        FOR
                   4 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Wumart Stores                                                                  6713164     9/24/04          Annual
                   1 Issue Stock w/o Preemptive Rights                                     MGMT             YES     AGNST      AGNST

Wumart Stores                                                                  6713164     12/30/04         Special
                   1 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   2 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   3 Approve related party transactions                                    MGMT             YES      FOR        FOR
                   4 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR

Wumart Stores                                                                  6713164     12/30/04         Annual
                   1 Issue stock w/o preemptive rights                                     MGMT             YES      FOR        FOR

Wumart Stores                                                08277             Y97176104   4/29/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Set dividend/allocate profits                                         MGMT             YES      FOR        FOR
                   4 Approve financial statements                                          MGMT             YES      FOR        FOR
                   5 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                   6 Approve directors' fees                                               MGMT             YES      FOR        FOR
                   7 Approve merger/acquisition                                            MGMT             YES      FOR        FOR
                     Approve related party transactions
                   8 Issue stock w/o preemptive rights                                     MGMT             YES     AGNST      AGNST
                     Amend articles to reflect capital inc/decrease
                   9 Consider other business                                               MGMT             YES      FOR        N/A

Yapi Ve Kredi Bankasi                                                          M9869G101   3/31/05          Annual
                   1 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   2 Authorize legal formalities                                           MGMT             NO       TAKE NO ACTION
                   3 Approve financial statements                                          MGMT             NO       TAKE NO ACTION
                   4 Ratify board acts-legal                                               MGMT             NO       TAKE NO ACTION
                     Ratify statutory auditor acts - legal
                   5 Election of directors by slate                                        MGMT             NO       TAKE NO ACTION
                   6 Elect statutory auditors                                              MGMT             NO       TAKE NO ACTION
                   7 Approve directors' fees                                               MGMT             NO       TAKE NO ACTION
                     Approve maximum statutory auditors' fee
                   8 Approve legal proceedings                                             MGMT             NO       TAKE NO ACTION
                   9 Authorize charitable donations                                        MGMT             NO       TAKE NO ACTION
                  10 Appoint outside auditors                                              MGMT             NO       TAKE NO ACTION
                  11 Approve related party transactions                                    MGMT             NO       TAKE NO ACTION
                  12 Consider other business                                               MGMT             NO       TAKE NO ACTION

Zee Telefilms                                                                  989214903   9/28/04          Annual
                   1 Approve Financial Statements                                          MGMT             YES      FOR        FOR
                   2 Set Dividend at 1.00                                                  MGMT             YES      FOR        FOR
                   3 Elect Laxmi Narain Goel                                               MGMT             YES      FOR        FOR
                   4 Elect D.P. Naganand                                                   MGMT             YES      FOR        FOR
                   5 Appoint Auditors and Set Their Fees                                   MGMT             YES      FOR        FOR
                   6 Approve Subsidiary Appointment                                        MGMT             YES      FOR        FOR
                   7 Approve Subsidiary Appointment                                        MGMT             YES      FOR        FOR

Zhejiang Expressway                                          00576             6990763     10/12/04         Special
                   1 Approve interim dividend                                              MGMT             YES      FOR        FOR

Zhejiang Expressway                                          00576             Y9891F102   5/23/05          Annual
                   1 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Approve financial statements                                          MGMT             YES      FOR        FOR
                   4 Set Final Dividend at 0.15                                            MGMT             YES      FOR        FOR
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   6 Authorize legal formalities                                           MGMT             YES     AGNST      AGNST
                     Issue stock w/o preemptive rights
                     Amend articles to reflect capital inc/decrease

ZTE Corp                                                                       Y0004F105   5/31/05          Annual
                   1 Approve financial statements                                          MGMT             YES      FOR        FOR
                   2 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   3 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   4 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   5 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                   6 Set Final Dividend at 0.25                                            MGMT             YES      FOR        FOR
                7.01 Approve related party transactions                                    MGMT             YES     AGNST      AGNST
                7.02 Approve related party transactions                                    MGMT             YES     AGNST      AGNST
                7.03 Approve related party transactions                                    MGMT             YES     AGNST      AGNST
                7.04 Approve related party transactions                                    MGMT             YES     AGNST      AGNST
                7.05 Approve related party transactions                                    MGMT             YES     AGNST      AGNST
                8.01 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                8.02 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                8.03 Appoint auditors and set their fees                                   MGMT             YES      FOR        FOR
                9.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
                9.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
               10.01 Authorize legal formalities                                           MGMT             YES      FOR        FOR
               10.02 Authorize legal formalities                                           MGMT             YES      FOR        FOR
               10.03 Authorize legal formalities                                           MGMT             YES      FOR        FOR
               10.04 Authorize legal formalities                                           MGMT             YES      FOR        FOR
               10.05 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
               10.06 Elect supervisory board/corporate assembly                            MGMT             YES      FOR        FOR
                  11 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                     Amend dividend distribution rules
                     Amend articles--technical
                     Amend board/supervisory board size
                     Amend board powers/procedures/qualifications
                     Amend board election rules
                  12 Amend meeting procedures/change date                                  MGMT             YES      FOR        FOR
                  13 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR
                  14 Amend board powers/procedures/qualifications                          MGMT             YES      FOR        FOR




Any ballot  marked  "Abstain" is considered  to have been  voted.Ballots  marked
"Abstain" are considered to 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 marked  "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.

Any ballot marked "Take No Action" generally means the Registrant's  manager did
not vote the proxy because: 1) it wished to preserve its flexibility to sell the
shares in a  shareblocking  market;  or 2) the line of stock held in the account
was not  eligible  to vote on that  particular  proxy  issue.  In one case,  the
manager's  third party proxy  voting  service  provider  did not provide  timely
notice of a meeting.


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.

Emerging Markets Growth Fund, Inc.
   (Registrant)



By:                  /s/ Shaw B. Wagener
                     Shaw B. Wagener
Title:               President and Chief Executive Officer
Date:                38593