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 _______811-05631________________
__________First Pacific Mutual Fund, Inc.__________
(Exact name of registrant as specified in charter)
2756 Woodlawn Drive, Suite #6-201
___________Honolulu, HI 96822-1856__________
(Address of principal executive offices) (Zip code)
Audrey C. Talley
Drinker Biddle & Reath LLP
One Logan Square, 18th and Cherry Streets
__________Philadelphia, PA 19103-6996__________
(Name and address of agent for service)
Registrant's telephone number, including area code: 808-988-8088
Date of fiscal year end: September 30
Date of reporting period: June 30, 2008
Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 ( 239.24 and
274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609. The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. 3507.
Item 1. Proxy Voting Record
Disclose the following information for each matter relating to a portfolio
security considered at any shareholder meeting held during the period covered by
the report and with respect to which the registrant was entitled to vote:
Hawaii Intermediate Fund Investor Class:
(a) The name of the issuer of the portfolio security;
City and County of Honolulu - Multifamily Housing Revenue Bonds
(GNMA Collateralized - Maunakea Tower Apartments) Series 2000.
(b) The exchange ticker symbol of the portfolio security;
None.
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
438697-BG-8.
(d) The shareholder meeting date;
Bondholder consent response date was February 29, 2008.
(e) A brief identification of the matter voted on;
To approve amendment to Regulatory Agreement and Declaration of
Restrictive Covenants to permit subordinate loan on project financed
by Multifamily Housing Revenue Bond Series 2000.
(f) Whether the matter was proposed by the issuer or by a security
holder;
Registrant does not have this information.
(g) Whether the registrant cast its vote on the matter;
Registrant did not cast its vote on the matter.
(h) How the registrant cast its vote (e.g., for or against proposal, or
abstain; for or withhold regarding election of directors); and
Registrant did not cast its vote on the matter.
(i) Whether the registrant cast its vote for or against management.
Registrant did not cast its vote on the matter.
Hawaii Municipal Fund Investor Class:
(a) The name of the issuer of the portfolio security;
City and County of Honolulu - Multifamily Housing Revenue Bonds
(GNMA Collateralized - Maunakea Tower Apartments) Series 2000.
(b) The exchange ticker symbol of the portfolio security;
None.
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
438697-BF-0.
438697-BG-8.
(d) The shareholder meeting date;
Bondholder consent response date was February 29, 2008.
(e) A brief identification of the matter voted on;
To approve amendment to Regulatory Agreement and Declaration of
Restrictive Covenants to permit subordinate loan on project financed
by Multifamily Housing Revenue Bond Series 2000.
(f) Whether the matter was proposed by the issuer or by a security
holder;
Registrant does not have this information.
(g) Whether the registrant cast its vote on the matter;
Registrant did not cast its vote on the matter.
(h) How the registrant cast its vote (e.g., for or against proposal, or
abstain; for or withhold regarding election of directors); and
Registrant did not cast its vote on the matter.
(i) Whether the registrant cast its vote for or against management.
Registrant did not cast its vote on the matter.
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)_________First Pacific Mutual Fund, Inc._______________________
By (Signature and Title)____/s/ Terrence K.H. Lee__________________________
Terrence K.H. Lee, President and CEO
Date__________August 19, 2008______________________________________________