UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-09567
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Principal Partners Equity Growth Fund, Inc.
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(Exact name of registrant as specified in charter)
711 High Street, Des Moines, Iowa 50392-2080
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(Address of principal executive offices) (Zip code)
MICHAEL D. ROUGHTON Copy to:
The Principal Financial Group John W. Blouch, Esq.
Des Moines, Iowa 50392-0300 Dykema Gossett PLLC
Franklin Square, Suite 300 West
1300 I Street, N.W.
Washington, DC 20005-3306
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(Name and address of agent for service)
Registrant's telephone number, including area code: 515-248-3842
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Date of fiscal year end: 10/31/2003
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Date of reporting period: 07/01/2003 - 06/30/2004
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Item 1 Proxy Voting Record
Fund Name: Principal Partners Equity Growth Fund, Inc.
Sub-Advisor: Morgan Stanley
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Mgmt Rec - Company Management Recommended Vote
Vote Summary Report
Jul 01, 2003 - Jun 30, 2004
MSIM - PRIN PART AGRESS
Mtg Company/ Mgmt Vote Record Shares
Date/Type Ballot Issues Security Rec Cast Date Prpnent Voted
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07/18/03 - A Dell Inc. *DELL* 247025109 05/23/03 24,650
1 Elect Directors For For Mgmt
2 Declassify the Board of Directors For For Mgmt
3 Change Company Name For For Mgmt
4 Approve Executive Incentive Bonus Plan For For Mgmt
08/07/03 - A Xilinx, Inc. *XLNX* 983919101 06/09/03 7,000
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
08/11/03 - A Forest Laboratories, Inc. *FRX* 345838106 06/20/03 3,900
1 Elect Directors For For Mgmt
2 Increase Authorized Common Stock For Against Mgmt
Excessive capital increase of 300 percent.
3 Ratify Auditors For For Mgmt
08/21/03 - A Symantec Corp. *SYMC* 871503108 07/08/03 2,490
1 Elect Directors For For Mgmt
2 Increase Authorized Common Stock For For Mgmt
3 Amend Stock Option Plan For Against Mgmt
The plan includes change-in-control provisions.
Excessive dilution of 18.97%.
4 Approve Executive Incentive Bonus Plan For For Mgmt
5 Ratify Auditors For For Mgmt
08/28/03 - A Medtronic, Inc. *MDT* 585055106 07/03/03 15,375
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Approve Executive Incentive Bonus Plan For For Mgmt
09/24/03 - S UTStarcom, Inc. *UTSI* 918076100 08/15/03 3,200
1 Increase Authorized Common Stock For For Mgmt
09/30/03 - A Flextronics International Ltd. *FLEX* Y2573F102 None 11,700
1 Reelect Richard Sharp as Director For For Mgmt
2a Reelect James Davidson as Director For For Mgmt
2b Reelect Lip-Bu Tan as Director For For Mgmt
3 Reelect Patrick Foley as Director For For Mgmt
4 Reappoint Deloitte & Touche as Auditors and For For Mgmt
Authorize Board to Fix Their Remuneration
5 Amend 1997 Employee Share Purchase Plan For For Mgmt
6 Approve Issuance of Shares without For For Mgmt
Preemptive Rights
7 Approve Nonexecutive Directors' Fees For For Mgmt
8 Authorize Share Repurchase Program For For Mgmt
10/06/03 - S Boston Scientific Corp. *BSX* 101137107 08/27/03 5,240
1 Increase Authorized Common Stock For For Mgmt
10/13/03 - A Oracle Corp. *ORCL* 68389X105 08/21/03 54,600
1 Elect Directors For For Mgmt
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Amend Non-Employee Director Omnibus Stock For For Mgmt
Plan
Shareholder Proposal
5 Implement China Principles Against Against ShrHoldr
10/14/03 - A The Procter & Gamble Company *PG* 742718109 08/01/03 11,800
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Non-Employee Director Omnibus Stock For For Mgmt
Plan
Shareholder Proposals
4 Declassify the Board of Directors Against Against ShrHoldr
5 Label Genetically Engineered Foods Against Against ShrHoldr
10/28/03 - S First Data Corp. *FDC* 319963104 09/08/03 9,900
1 Approve Merger Agreement For For Mgmt
11/05/03 - A Linear Technology Corp. *LLTC* 535678106 09/08/03 5,650
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
11/11/03 - A Cisco Systems, Inc. *CSCO* 17275R102 09/12/03 82,325
1 Elect Directors For For Mgmt
2 Amend Employee Stock Purchase Plan For For Mgmt
3 Ratify Auditors For For Mgmt
Shareholder Proposals
4 Report on Company Products Used by the Against Against ShrHoldr
Government to Monitor the Internet
5 Report on Pay Disparity Against Against ShrHoldr
11/11/03 - A Microsoft Corp. *MSFT* 594918104 09/12/03 127,550
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Amend Non-Employee Director Stock Option For For Mgmt
Plan
Shareholder Proposal
4 Refrain from Giving Charitable Contributions Against Against ShrHoldr
11/12/03 - S BIOGEN IDEC INC *BIIB* 449370105 09/25/03 7,200
1 Approve Merger Agreement For Against Mgmt
2 Increase Authorized Common Stock For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Approve Executive Incentive Bonus Plan For For Mgmt
5 Adjourn Meeting For Against Mgmt
11/20/03 - A Emulex Corp. *ELX* 292475209 10/01/03 2,100
1 Elect Directors For For Mgmt
2 Approve Option Exchange Program For For Mgmt
3 Ratify Auditors For For Mgmt
12/10/03 - S Mercury Interactive Corp. *MERQ* 589405109 10/31/03 9,600
1 Amend Stock Option Plan For For Mgmt
2 Amend Employee Stock Purchase Plan For For Mgmt
01/13/04 - A Jabil Circuit, Inc. *JBL* 466313103 11/14/03 6,980
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Ratify Auditors For For Mgmt
01/14/04 - A Walgreen Co. *WAG* 931422109 11/17/03 7,975
1 Elect Directors For For Mgmt
2 Approve Non-Employee Director Omnibus Stock For For Mgmt
Plan
01/22/04 - A BJ Services Company *BJS* 055482103 12/05/03 8,200
1 Elect Directors For For Mgmt
2 Approve Omnibus Stock Plan For For Mgmt
Shareholder Proposal
3 Report on Foreign Operations Risk Against Against ShrHoldr
02/03/04 - A Emerson Electric Co. *EMR* 291011104 11/24/03 5,300
1 Elect Directors For For Mgmt
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Ratify Auditors For For Mgmt
02/05/04 - A ACCENTURE LTD BERMUDA *ACN* G1150G111 12/08/03 24,100
1 Appoint Dennis F. Hightower, William L. For For Mgmt
Kimsey, Robert I. Lipp, and Wulf von
Schimmelmann as Directors
2 Approve KPMG LLP as Independent Auditors For For Mgmt
and Authorize Board to Fix Their
Remuneration
3 Transact Other Business (Non-Voting) None None Mgmt
03/02/04 - A QUALCOMM Inc. *QCOM* 747525103 01/02/04 8,075
1 Elect Directors For Split Mgmt
1.1 Elect Director Adelia A. Coffman ---
Withhold
1.2 Elect Director Raymond V. Dittamore --- For
1.3 Elect Director Irwin Mark Jacobs --- For
1.4 Elect Director Richard Sulpizio --- For
2 Amend Stock Option Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Declassify the Board of Directors Against Against ShrHoldr
03/09/04 - A Analog Devices, Inc. *ADI* 032654105 01/16/04 21,800
1 Elect Directors For For Mgmt
2 Increase Authorized Common Stock For For Mgmt
3 Ratify Auditors For For Mgmt
03/24/04 - A Applied Materials, Inc. *AMAT* 038222105 01/30/04 26,725
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
03/31/04 - A The Goldman Sachs Group, Inc. *GS* 38141G104 02/02/04 5,775
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Declassify the Board of Directors Against Against ShrHoldr
04/02/04 - A Lehman Brothers Holdings Inc. *LEH* 524908100 02/13/04 5,600
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
04/13/04 - A The Bank Of New York Co., Inc. *BK* 064057102 02/23/04 27,050
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Amend Executive Incentive Bonus Plan For For Mgmt
4 Report on Political Contributions Against Against ShrHoldr
5 Limit Executive Compensation Against Against ShrHoldr
6 Limit Composition of Committee to Against Against ShrHoldr
Independent Directors
7 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
04/14/04 - A United Technologies Corp. *UTX* 913017109 02/17/04 4,990
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Disclosure of Executive Compensation Against Against ShrHoldr
4 Develop Ethical Criteria for Military Against Against ShrHoldr
Contracts
5 Performance-Based/Indexed Options Against Against ShrHoldr
6 Separate Chairman and CEO Positions Against Against ShrHoldr
04/15/04 - A Novell, Inc. *NOVL* 670006105 02/20/04 31,300
1 Elect Directors For For Mgmt
2 Expense Stock Options Against For ShrHoldr
3 Performance-Based/Indexed Options Against For ShrHoldr
4 Prohibit Auditor from Providing Non-Audit Against Against ShrHoldr
Services
04/15/04 - A Texas Instruments Inc. *TXN* 882508104 02/17/04 30,425
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Expense Stock Options Against For ShrHoldr
as advised by CGT
04/16/04 - S Juniper Networks, Inc. *JNPR* 48203R104 03/10/04 12,500
1 Issue Shares in Connection with an For For Mgmt
Acquisition
04/19/04 - A Eli Lilly and Co. *LLY* 532457108 02/13/04 8,200
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Executive Incentive Bonus Plan For For Mgmt
4 Limit Executive Compensation Against Against ShrHoldr
5 Report on Drug Pricing Against Against ShrHoldr
04/20/04 - A Citigroup Inc. *C* 172967101 02/27/04 43,666
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Limit Executive Compensation Against Against ShrHoldr
4 Report on Political Contributions/Activities Against Against ShrHoldr
5 Prohibit Awards to Executives Against Against ShrHoldr
6 Separate Chairman and CEO Positions Against Against ShrHoldr
04/21/04 - A The Coca-Cola Company *KO* 191216100 02/23/04 22,105
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Report on Operational Impact of HIV/AIDS For For ShrHoldr
Pandemic
4 Report on Stock Option Distribution by Race Against Against ShrHoldr
and Gender
5 Prohibit Awards to Executives Against Against ShrHoldr
6 Submit Executive Compensation to Vote Against Against ShrHoldr
7 Submit Executive Compensation to Vote Against Against ShrHoldr
8 Implement China Principles Against Against ShrHoldr
9 Separate Chairman and CEO Positions Against Against ShrHoldr
04/22/04 - A Carnival Corp. *CCL* 143658300 02/23/04 10,400
Meeting for Holders of ADRs
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 TO AUTHORIZE THE AUDIT COMMITTEE OF For For Mgmt
CARNIVAL PLC TO AGREE THE REMUNERATION OF
THE INDEPENDENT AUDITORS.
4 TO RECEIVE THE ACCOUNTS AND REPORTS FOR For For Mgmt
CARNIVAL PLC FOR THE FINANCIAL PERIOD ENDED
NOVEMBER 30, 2003.
5 TO APPROVE THE DIRECTORS REMUNERATION For For Mgmt
REPORT OF CARNIVAL PLC.
6 TO APPROVE LIMITS ON THE AUTHORITY TO ALLOT For For Mgmt
SHARES BY CARNIVAL PLC.
7 TO APPROVE THE DISAPPLICATION OF For For Mgmt
PRE-EMPTION RIGHTS FOR CARNIVAL PLC SHARES.
04/22/04 - A Johnson & Johnson *JNJ* 478160104 02/24/04 24,975
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Cease Charitable Contributions Against Against ShrHoldr
04/22/04 - A Pfizer Inc. *PFE* 717081103 02/27/04 72,295
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Report on Operational Impact of HIV/AIDS, Against Against ShrHoldr
TB, and Malaria Pandemic
5 Cease Political Contributions/Activities Against Against ShrHoldr
6 Report on Political Contributions/Activities Against Against ShrHoldr
7 Establish Term Limits for Directors Against Against ShrHoldr
8 Report on Drug Pricing Against Against ShrHoldr
9 Limit Awards to Executives Against Against ShrHoldr
10 Amend Animal Testing Policy Against Against ShrHoldr
04/26/04 - A American Express Co. *AXP* 025816109 02/27/04 19,000
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Establish Term Limits for Directors Against Against ShrHoldr
4 Report on Political Contributions/Activities Against Against ShrHoldr
04/27/04 - A International Business Machines Corp. 459200101 02/27/04 6,350
*IBM*
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Ratify Auditors for the Company's Business For For Mgmt
Consulting Services Unit
4 Approve Executive Incentive Bonus Plan For For Mgmt
5 Provide for Cumulative Voting Against Against ShrHoldr
6 Amend Pension and Retirement Medical Against Against ShrHoldr
Insurance Plans
7 Submit Executive Compensation to Vote Against Against ShrHoldr
8 Expense Stock Options Against Against ShrHoldr
9 Limit Awards to Executives Against Against ShrHoldr
10 China Principles Against Against ShrHoldr
11 Report on Political Contributions/Activities Against Against ShrHoldr
12 Report on Executive Compensation Against Against ShrHoldr
04/27/04 - A Wells Fargo & Company *WFC* 949746101 03/09/04 11,050
1 Elect Directors For For Mgmt
2 Approve Retirement Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Expense Stock Options Against For ShrHoldr
as advised by CGT
5 Limit Executive Compensation Against Against ShrHoldr
6 Link Executive Compensation to Social Issues Against Against ShrHoldr
7 Report on Political Contributions/Activities Against Against ShrHoldr
04/28/04 - A Adobe Systems Inc. *ADBE* 00724F101 03/03/04 6,500
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Expense Stock Options Against For ShrHoldr
4 Adopt a Plocy that will Committ Executives Against For ShrHoldr
to Hold a Significant Percentage of their
Shares
5 Ratify Auditors For For Mgmt
04/28/04 - A Allergan, Inc. *AGN* 018490102 03/08/04 2,800
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Expense Stock Options Against For ShrHoldr
4 Separate Chairman and CEO Positions Against Against ShrHoldr
04/28/04 - A Anheuser-Busch Companies, Inc. *BUD* 035229103 03/01/04 8,200
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
04/28/04 - A Clear Channel Communications, Inc. 184502102 03/08/04 20,800
*CCU*
1 Elect Directors For Split Mgmt
1.1 Elect Director Alan D. Feld --- Withhold
1.2 Elect Director Thomas O. Hicks --- For
1.3 Elect Director Perry J. Lewis --- For
1.4 Elect Director L. Lowry Mays --- For
1.5 Elect Director Mark P. Mays --- For
1.6 Elect Director Randall T. Mays --- For
1.7 Elect Director B.J. Mccombs --- For
1.8 Elect Director Phyllis B. Riggins --- For
1.9 Elect Director Theordore H. Strauss --- For
1.10 Elect Director J.C. Watts --- For
1.11 Elect Director John H. Williams --- For
2 Ratify Auditors For For Mgmt
04/28/04 - A General Electric Co. *GE* 369604103 03/01/04 86,450
1 Elect Directors For Split Mgmt
1.1 Elect Director James I. Cash, Jr. --- For
1.2 Elect Director Dennis D. Dammerman --- For
1.3 Elect Director Ann M. Fudge --- For
1.4 Elect Director Claudio X. Gonzalez ---
Withhold
1.5 Elect Director Jeffrey R. Immelt --- For
1.6 Elect Director Andrea Jung --- For
1.7 Elect Director Alan G. Lafley --- For
1.8 Elect Director Kenneth G. Langone --- For
1.9 Elect Director Ralph S. Larsen --- For
1.10 Elect Director Rochelle B. Lazarus --- For
1.11 Elect Director Sam Nunn --- For
1.12 Elect Director Roger S. Penske --- For
1.13 Elect Director Robert J. Swieringa --- For
1.14 Elect Director Douglas A. Warner III --- For
1.15 Elect Director Robert C. Wright --- For
2 Ratify Auditors For For Mgmt
3 Amend Omnibus Stock Plan For For Mgmt
4 Provide for Cumulative Voting Against Against ShrHoldr
5 Eliminate Animal Testing Against Against ShrHoldr
6 Report on Nuclear Fuel Storage Risks Against Against ShrHoldr
7 Report on PCB Clean-up Against Against ShrHoldr
8 Report on Foreign Outsourcing Against Against ShrHoldr
9 Prepare Sustainability Report Against Against ShrHoldr
10 Limit Composition of Management Development Against Against ShrHoldr
and Compensation Committee to Independent
Directors
11 Report on Pay Disparity Against Against ShrHoldr
12 Limit Awards to Executives Against Against ShrHoldr
13 Limit Board Service for Other Companies Against For ShrHoldr
14 Separate Chairman and CEO Positions Against Against ShrHoldr
15 Hire Advisor/Maximize Shareholder Value Against Against ShrHoldr
16 Adopt a Retention Ratio for Executives and Against Against ShrHoldr
Directors
17 Require 70% to 80% Independent Board Against Against ShrHoldr
18 Report on Political Contributions/Activities Against Against ShrHoldr
04/28/04 - A Kohl's Corp. *KSS* 500255104 03/03/04 6,700
1 Elect Directors For Split Mgmt
1.1 Elect Director Wayne Embry --- For
1.2 Elect Director John F. Herma --- Withhold
1.3 Elect Director R. Lawrence Montgomery ---
Withhold
1.4 Elect Director Frank V. Sica --- For
2 Ratify Auditors For For Mgmt
3 Performance-Based Stock/Indexed Options Against Against ShrHoldr
4 Separate Chairman and CEO Positions Against Against ShrHoldr
04/29/04 - A Altria Group, Inc. *MO* 02209S103 03/08/04 5,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Report on Product Warnings for Pregnant Against Against ShrHoldr
Women
4 Report on Health Risks Associated with Against Against ShrHoldr
Cigarette Filters
5 Political Contributions/Activities Against Against ShrHoldr
6 Cease Use of Light and Ultra Light in Against Against ShrHoldr
Cigarette Marketing
7 Place Canadian Style Warnings on Cigarette Against Against ShrHoldr
Packaging
8 Separate Chairman and CEO Positions Against Against ShrHoldr
04/29/04 - A Broadcom Corp. *BRCM* 111320107 03/05/04 6,100
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For Against Mgmt
The plan includes change-in-control provisions.
Dilution of 29.12%.
3 Ratify Auditors For For Mgmt
04/29/04 - A Capital One Financial Corp. *COF* 14040H105 02/29/04 5,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
04/29/04 - A Kimberly-Clark Corp. *KMB* 494368103 03/01/04 7,400
1 Elect Directors For Withhold Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
05/04/04 - A Bristol-Myers Squibb Co. *BMY* 110122108 03/08/04 15,600
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Report on Political Contributions/Activities Against Against ShrHoldr
4 Cease Political Contributions/Activities Against Against ShrHoldr
5 Separate Chairman and CEO Positions Against Against ShrHoldr
6 Report on Operational Impact of HIV/AIDS, Against Against ShrHoldr
TB, and Malaria Pandemic
7 Require Affirmative Vote of a Majority of Against Against ShrHoldr
the Shares to Elect Directors
05/04/04 - A Caremark Rx, Inc. *CMX* 141705103 04/01/04 13,250
1 Elect Directors For For Mgmt
05/05/04 - A EMC Corp. *EMC* 268648102 03/08/04 32,825
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Amend Employee Stock Purchase Plan For For Mgmt
4 Ratify Auditors For For Mgmt
5 Limit Executive Compensation Against Against ShrHoldr
05/05/04 - A PepsiCo, Inc. *PEP* 713448108 03/12/04 12,825
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Executive Incentive Bonus Plan For For Mgmt
4 Report on Political Contributions/Activities Against Against ShrHoldr
5 Report on Operational Impact of HIV/AIDS, Against Against ShrHoldr
TB, and Malaria Pandemic
05/06/04 - A United Parcel Service, Inc. *UPS* 911312106 03/08/04 7,100
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/11/04 - A 3M CO *MMM* 88579Y101 03/12/04 15,800
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Increase Authorized Common Stock For For Mgmt
4 Separate Chairman and CEO Positions Against Against ShrHoldr
05/11/04 - A Altera Corp. *ALTR* 021441100 03/16/04 15,200
1 Elect Directors For For Mgmt
2 Amend Stock Option Plan For For Mgmt
3 Amend Employee Stock Purchase Plan For For Mgmt
4 Ratify Auditors For For Mgmt
5 Approve Option Expensing Against For ShrHoldr
as
05/11/04 - A Boston Scientific Corp. *BSX* 101137107 03/19/04 13,500
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/12/04 - A St. Jude Medical, Inc. *STJ* 790849103 03/15/04 3,625
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Executive Incentive Bonus Plan For For Mgmt
4 Increase Authorized Common Stock For For Mgmt
5 Limit Executive Compensation Against Against ShrHoldr
05/12/04 - A UnitedHealth Group Incorporated *UNH* 91324P102 03/15/04 11,250
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Expense Stock Options Against For ShrHoldr
as advised by CGT
4 Limit Awards to Executives Against Against ShrHoldr
05/12/04 - A Univision Communications Inc. *UVN* 914906102 03/15/04 18,850
1 Elect Directors For Split Mgmt
1.1 Elect Director A. Jerrold Perenchio ---
Withhold
1.2 Elect Director Fernando Aguirre --- For
1.3 Elect Director Harold Gaba --- For
1.4 Elect Director Alan F. Horn --- For
1.5 Elect Director John G. Perenchio ---
Withhold
1.6 Elect Director Ray Rodriguez --- Withhold
1.7 Elect Director McHenry T. Tichenor, Jr. ---
Withhold
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
05/13/04 - A Amgen, Inc. *AMGN* 031162100 03/19/04 17,320
1 Elect Directors For Split Mgmt
1.1 Elect Director Frank J. Biondi, Jr. --- For
1.2 Elect Director Jerry D. Choate --- Withhold
1.3 Elect Director Frank C. Herringer --- For
1.4 Elect Director Gilbert S. Omenn --- For
2 Ratify Auditors For For Mgmt
3 Prepare Glass Ceiling Report Against Against ShrHoldr
4 Expense Stock Options Against For ShrHoldr
05/17/04 - A Anthem Inc. *ATH* 03674B104 03/19/04 6,810
1 Elect Directors For For Mgmt
05/18/04 - A Guidant Corp. *GDT* 401698105 03/11/04 4,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Expense Stock Options Against For ShrHoldr
as advised by CGT
05/19/04 - A American International Group, Inc. 026874107 03/26/04 16,875
*AIG*
1 Elect Directors For For Mgmt
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Approve Non-Employee Director Stock Option For For Mgmt
Plan
4 Ratify Auditors For For Mgmt
5 Report on Political Contributions/Activities Against Against ShrHoldr
6 Divest from Tobacco Equities Against Against ShrHoldr
7 Link Executive Compensation to Predatory Against Against ShrHoldr
Lending
05/19/04 - A Intel Corp. *INTC* 458140100 03/22/04 57,400
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Expense Stock Options Against For ShrHoldr
5 Limit/Prohibit Awards to Executives Against Against ShrHoldr
6 Performance- Based/Indexed Options Against Against ShrHoldr
05/19/04 - A Juniper Networks, Inc. *JNPR* 48203R104 03/22/04 4,209
1 Elect Directors For Split Mgmt
1.1 Elect Director Pradeep Sindhu --- For
1.2 Elect Director Robert M. Calderoni --- For
1.3 Elect Director Kenneth Levy --- Withhold
as advised by CGT
2 Ratify Auditors For For Mgmt
05/19/04 - A Mercury Interactive Corp. *MERQ* 589405109 03/22/04 12,700
1 Elect Directors For For Mgmt
2 Increase Authorized Common Stock For For Mgmt
3 Ratify Auditors For For Mgmt
05/19/04 - A Target Corporation *TGT* 87612E106 03/22/04 11,615
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Amend Omnibus Stock Plan For For Mgmt
05/20/04 - A C.H. Robinson Worldwide, Inc. *CHRW* 12541W100 03/22/04 9,495
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/20/04 - A McDonald's Corp. *MCD* 580135101 03/22/04 10,400
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Amend Omnibus Stock Plan For For Mgmt
4 Approve/Amend Executive Incentive Bonus Plan For For Mgmt
05/20/04 - A Tiffany & Co. *TIF* 886547108 03/25/04 7,997
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/20/04 - A Yum Brands, Inc. *YUM* 988498101 03/22/04 7,420
1 Elect Directors For For Mgmt
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Adopt Smoke-Free Restaurant Policy Against Against ShrHoldr
5 Prepare a Sustainability Report Against Against ShrHoldr
6 Adopt MacBride Principles Against Against ShrHoldr
7 Report on Genetically Modified Organisms Against Against ShrHoldr
(GMO)
8 Report on Animal Welfare Standards Against Against ShrHoldr
05/21/04 - A Yahoo!, Inc. *YHOO* 984332106 03/25/04 3,700
1 Elect Directors For Withhold Mgmt
1.1 Elect Director Terry S. Semel --- Withhold
As advised by the CGT.
1.2 Elect Director Jerry Yang --- Withhold
As advised by the CGT.
1.3 Elect Director Roy J. Bostock --- Withhold
As advised by the CGT.
1.4 Elect Director Ronald W. Burkle --- Withhold
As advised by the CGT.
1.5 Elect Director Eric Hippeau --- Withhold
As advised by the CGT.
1.6 Elect Director Arthur H. Kern --- Withhold
As advised by the CGT.
1.7 Elect Director Robert A. Kotick --- Withhold
As advised by the CGT.
1.8 Elect Director Edward R. Kozel --- Withhold
As advised by the CGT.
1.9 Elect Director Gary L. Wilson --- Withhold
As advised by the CGT.
2 Amend Employee Stock Purchase Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Expense Stock Options Against For ShrHoldr
As advised by the CGT.
05/25/04 - A Fannie Mae *FNM* 313586109 04/06/04 8,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Amend Employee Stock Purchase Plan For For Mgmt
4 Provide for Cumulative Voting Against Against ShrHoldr
05/25/04 - A Gilead Sciences, Inc. *GILD* 375558103 04/05/04 3,150
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Increase Authorized Common Stock For For Mgmt
05/26/04 - A Amphenol Corp. *APH* 032095101 03/29/04 7,100
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Increase Authorized Common Stock For For Mgmt
4 Approve Non-Employee Director Stock Option For For Mgmt
Plan
5 Approve Executive Incentive Bonus Plan For For Mgmt
05/26/04 - A Exxon Mobil Corp. *XOM* 30231G102 04/05/04 14,900
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Non-Employee Director Restricted For For Mgmt
Stock Plan
4 Affirm Political Nonpartisanship Against Against ShrHoldr
5 Report on Political Contributions/Activities Against Against ShrHoldr
6 Report on Equatorial Guinea Against Against ShrHoldr
7 Separate Chairman and CEO Positions Against Against ShrHoldr
8 Prohibit Awards to Executives Against Against ShrHoldr
9 Report on Stock Option Distribution by Race Against Against ShrHoldr
and Gender
10 Amend EEO Statement to Include Reference to Against For ShrHoldr
Sexual Orientation
as advised by cgt
11 Report on Climate Change Research Against Against ShrHoldr
05/27/04 - A Chiron Corp. *CHIR* 170040109 03/29/04 4,300
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For Against Mgmt
As advised by the CGT
3 Ratify Auditors For For Mgmt
05/27/04 - A Genzyme Corp. *GENZ* 372917104 03/31/04 3,000
1 Elect Directors For For Mgmt
2 Amend Employee Stock Purchase Plan For For Mgmt
3 Approve Stock Option Plan For For Mgmt
4 Amend Non-Employee Director Stock Option For For Mgmt
Plan
5 Increase Authorized Preferred Stock For Against Mgmt
As advised by the CGT
6 Ratify Auditors For For Mgmt
7 Limit Awards to Executives Against Against ShrHoldr
05/27/04 - A Home Depot, Inc. (The) *HD* 437076102 03/29/04 19,080
1 Elect Directors For Split Mgmt
1.1 Elect Director Gregory D. Brenneman --- For
1.2 Elect Director Richard H. Brown --- For
1.3 Elect Director John L. Clendenin --- For
1.4 Elect Director Berry R. Cox --- For
1.5 Elect Director Claudio X. Gonzalez ---
Withhold
As advised by the CGT
1.6 Elect Director Milledge A. Hart, III --- For
1.7 Elect Director Bonnie G. Hill --- For
1.8 Elect Director Kenneth G. Langone --- For
1.9 Elect Director Robert L. Nardelli --- For
1.10 Elect Director Roger S. Penske --- For
2 Ratify Auditors For For Mgmt
3 Establish Term Limits for Directors Against Against ShrHoldr
4 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
As advised by the CGT
5 Performance- Based/Indexed Options Against Against ShrHoldr
6 Adopt ILO Based Code of Conduct Against Against ShrHoldr
7 Submit Severance Agreement Against For ShrHoldr
(Change-in-Control) to Shareholder Vote
As advised by the CGT
8 Require Affirmative Vote of the Majority of Against Against ShrHoldr
the Shares to Elect Directors
05/27/04 - A Inamed Corp. *IMDC* 453235103 04/12/04 3,490
1 Elect Directors For Split Mgmt
1.1 Elect Director Nicholas L. Teti --- For
1.2 Elect Director James E. Bolin --- For
1.3 Elect Director Malcolm R. Currie, Ph.D. ---
Withhold
As advised by the CGT
1.4 Elect Director John C. Miles II --- For
1.5 Elect Director Mitchell S. Rosenthal, M.D.
--- For
1.6 Elect Director Joy A. Amundson --- For
1.7 Elect Director Terry E. Vandewarker --- For
2 Increase Authorized Common Stock For For Mgmt
3 Approve Stock Option Plan For For Mgmt
4 Amend Restricted Stock Plan For For Mgmt
5 Ratify Auditors For For Mgmt
6 Other Business For Against Mgmt
05/28/04 - A Lowe *LOW* 548661107 04/01/04 11,400
1 Elect Directors For Split Mgmt
1.1 Elect Director Leonard L. Berry --- For
1.2 Elect Director Paul Fulton --- For
1.3 Elect Director Dawn E. Hudson --- Withhold
1.4 Elect Director Marshall O. Larsen --- For
1.5 Elect Director Robert A. Niblock --- For
1.6 Elect Director Stephen F. Page --- For
1.7 Elect Director O. Temple Sloan, Jr. --- For
1.8 Elect Director Robert L. Tillman --- For
2 Ratify Auditors For For Mgmt
05/28/04 - A Marvell Technology Group Ltd *MRVL* G5876H105 04/14/04 10,100
Meeting for Holders of ADRs
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 TO AUTHORIZE THE BOARD OF DIRECTORS TO FIX For For Mgmt
THE AUDITORS REMUNERATION FOR THE 2005 FISCAL YEAR
ENDING JANUARY 29, 2005.
4 TO APPROVE AN INCREASE TO THE COMPANY S For For Mgmt
AUTHORIZED SHARE CAPITAL.
06/01/04 - A The TJX Companies, Inc. *TJX* 872540109 04/12/04 9,850
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Implement ILO Based Code of Conduct Against Against ShrHoldr
4 Report on Vendor Standards Against Against ShrHoldr
5 Declassify the Board of Directors Against Against ShrHoldr
06/04/04 - A Wal-Mart Stores, Inc. *WMT* 931142103 04/05/04 24,550
1 Elect Directors For For Mgmt
2 Approve Stock Option Plan For For Mgmt
3 Approve Stock Option Plan For For Mgmt
4 Amend Employee Stock Purchase Plan For For Mgmt
5 Ratify Auditors For For Mgmt
6 Separate Chairman and CEO Positions Against Against ShrHoldr
7 Prepare Sustainability Report Against Against ShrHoldr
8 Report on Stock Option Distribution by Race Against Against ShrHoldr
and Gender
9 Report on Genetically Modified Organisms Against Against ShrHoldr
(GMO)
10 Prepare Diversity Report Against Against ShrHoldr
11 Submit Executive Compensation to Vote Against Against ShrHoldr
06/10/04 - A PETsMART *PETM* 716768106 04/12/04 20,940
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
06/16/04 - A BIOGEN IDEC INC *BIIB* 09062X103 04/20/04 3,800
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
06/17/04 - A Staples, Inc. *SPLS* 855030102 04/19/04 13,400
1 Elect Directors For For Mgmt
2 Approve Omnibus Stock Plan For For Mgmt
3 Amend Employee Stock Purchase Plan For For Mgmt
4 Amend Employee Stock Purchase Plan For For Mgmt
5 Ratify Auditors For For Mgmt
6 Submit Shareholder Rights Plan (Poison Against Against ShrHoldr
Pill) to Shareholder Vote
7 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
as advised by CGT
8 Limit Executive Compensation Against Against ShrHoldr
9 Prohibit Auditor from Providing Non-Audit Against Against ShrHoldr
Services
06/22/04 - A Chico's FAS, Inc. *CHS* 168615102 04/26/04 1,400
1 Elect Directors For For Mgmt
2 Change Range for Size of the Board For For Mgmt
3 Amend Employee Stock Purchase Plan For For Mgmt
4 Ratify Auditors For For Mgmt
06/23/04 - A IAC / INTERACTIVECORP *IACI* 45840Q101 04/29/04 46,870
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
06/24/04 - A eBay Inc. *EBAY* 278642103 04/26/04 16,580
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Amend Stock Option Plan For For Mgmt
4 Increase Authorized Common Stock For Against Mgmt
5 Ratify Auditors For For Mgmt
6 Expense Stock Options Against For ShrHoldr
06/28/04 - S Anthem Inc. *ATH* 03674B104 05/10/04 5,710
1 Issue Shares in Connection with an For For Mgmt
Acquisition
2 Change Company Name For For Mgmt
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.
(Registrant) Principal Partners Equity Growth Fund, Inc.
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By (Signature and Title) /s/ Ralph C. Eucher
-------------------------------------------------------
Ralph C. Eucher
President and Chief Executive Officer
Date January 14, 2005
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