UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX 	ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED 	 MANAGEMENT INVESTMENT COMPANY Investment Company Act File number 811-05240_____________________ 		 SELECTED CAPITAL PRESERVATION TRUST ________________________________________________________________ (Exact name of registrant as specified in charter) SELECTED CAPITAL PRESERVATION TRUST 2949 East Elvira Road, Suite 101 Tucson, Arizona 85706 _________________________________________________________________ (Address of principal executive offices)			(Zip code) Registrant's telephone number, including area code: (520) 806-7600 Date of fiscal year end: December 31____________ Date of reporting period: 07/01/2003-06/30/2004_ 				SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly casued this report to be signed on its behalf by the undersigned, thereunto duly authorized. SELECTED CAPITAL PRESERVATION TRUST ____________________________________________________________________ (Registrant) Name: Sharra Reed Title: Chief Compliance Officer Phone: (520)806-7600 Signature, Place, and Date of Signing: Sharra Reed Tucson, AZ October 27, 2004 ____________________________________________________________________ By (Signature and Title) ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-05240 Reporting Period: 07/01/2003 - 06/30/2004 SELECTED CAPITAL PRESERVATION TRUST ============================ SELECTED DAILY GOVERNMENT FUND=================== The Fund held no securities entitled to vote at a meeting of shareholders during the reporting period. ============================ SELECTED U.S.GOVERNMENT INCOME FUND============== The Fund held no securities entitled to vote at a meeting of shareholders during the reporting period.