.
                                                                               .
                                                                               .

                                                                     
                                  UNITED STATES                             OMB APPROVAL
                       SECURITIES AND EXCHANGE COMMISSION               OMB Number:    3235-0582
                              WASHINGTON, DC 20549                      Expires:  March 31, 2006
                                                                        Estimated average burden
                                    FORM N-PX                           hours per response..14.4



          ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY


Investment Company Act file number     811-06221
                                  ---------------------------------------------
                          Brandywine Blue Fund, Inc.
- -------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

3711 Kennett Pike, Greenville, DE                                   19807
- -------------------------------------------------------------------------------
   (Address of principal executive offices)                      (Zip code)


William F. D'Alonzo, 3711 Kennett Pike, Greenville, DE 19807
- -------------------------------------------------------------------------------
                     (Name and address of agent for service)

Registrant's telephone number, including area code:  302-656-3017
                                                    ---------------------------
Date of fiscal year end: September 30
                        -------------------
Date of reporting period:   06/30/2005
                         ------------------

         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 (Sections
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 the 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. Section 3507.





******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-06221
Reporting Period: 07/01/2004 - 06/30/2005
Brandywine Blue Fund Inc









=========================== BRANDYWINE ADVISORS FUND ===========================


AFFILIATED COMPUTER SERVICES, INC.

Ticker:       ACS            Security ID:  008190100
Meeting Date: OCT 28, 2004   Meeting Type: Annual
Record Date:  SEP 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Darwin Deason             For       For        Management
1.2   Elect  Director Jeffrey A. Rich           For       For        Management
1.3   Elect  Director Mark A. King              For       For        Management
1.4   Elect  Director Joseph P. O'Neill         For       For        Management
1.5   Elect  Director Frank A. Rossi            For       For        Management
1.6   Elect  Director J. Livingston Kosberg     For       For        Management
1.7   Elect  Director Dennis Mccuistion         For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

AMERICAN PHARMACEUTICALS PARTNERS INC.

Ticker:       APPX           Security ID:  02886P109
Meeting Date: JUN 17, 2005   Meeting Type: Annual
Record Date:  APR 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director P. Soon-Shiong, M.D.      For       For        Management
1.2   Elect  Director Alan L. Heller            For       For        Management
1.3   Elect  Director David S. Chen, Ph.D.      For       For        Management
1.4   Elect  Director Stephen D. Nimer, M.D.    For       For        Management
1.5   Elect  Director Leonard Shapiro           For       For        Management
1.6   Elect  Director Kirk K. Calhoun           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

AMETEK, INC.

Ticker:       AME            Security ID:  031100100
Meeting Date: APR 26, 2005   Meeting Type: Annual
Record Date:  MAR 11, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Sheldon S. Gordon         For       For        Management
1.2   Elect  Director Frank S. Hermance         For       For        Management
1.3   Elect  Director David P. Steinmann        For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

ANDREW CORP.

Ticker:       ANDW           Security ID:  034425108
Meeting Date: FEB 8, 2005    Meeting Type: Annual
Record Date:  DEC 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director T.A. Donahoe              For       For        Management
1.2   Elect  Director R.E. Faison               For       For        Management
1.3   Elect  Director J.D. Fluno                For       For        Management
1.4   Elect  Director W.O. Hunt                 For       For        Management
1.5   Elect  Director C.R. Nicholas             For       For        Management
1.6   Elect  Director R.G. Paul                 For       For        Management
1.7   Elect  Director G.A. Poch                 For       For        Management
1.8   Elect  Director A.F. Pollack              For       For        Management
1.9   Elect  Director G.O. Toney                For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Ratify Auditors                           For       For        Management
5     Other Business                            For       For        Management


- --------------------------------------------------------------------------------

ARCH COAL, INC.

Ticker:       ACI            Security ID:  039380100
Meeting Date: APR 28, 2005   Meeting Type: Annual
Record Date:  MAR 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James R. Boyd             For       For        Management
1.2   Elect  Director Douglas H. Hunt           For       For        Management
1.3   Elect  Director A. Michael Perry          For       For        Management
1.4   Elect  Director Patricia F. Godley        For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management


- --------------------------------------------------------------------------------

AVAYA INC

Ticker:       AV             Security ID:  053499109
Meeting Date: FEB 15, 2005   Meeting Type: Annual
Record Date:  DEC 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Philip A. Odeen           For       For        Management
1.2   Elect  Director Hellene S. Runtagh        For       For        Management
1.3   Elect  Director Paula Stern               For       For        Management
1.4   Elect  Director Richard F. Wallman        For       For        Management


- --------------------------------------------------------------------------------

BMC SOFTWARE, INC.

Ticker:       BMC            Security ID:  055921100
Meeting Date: AUG 24, 2004   Meeting Type: Annual
Record Date:  JUL 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director B. Garland Cupp           For       For        Management
1.2   Elect  Director Robert E. Beauchamp       For       For        Management
1.3   Elect  Director Jon E. Barfield           For       For        Management
1.4   Elect  Director John W. Barter            For       For        Management
1.5   Elect  Director Meldon K. Gafner          For       For        Management
1.6   Elect  Director Lew W. Gray               For       For        Management
1.7   Elect  Director Kathleen A. O'Neil        For       For        Management
1.8   Elect  Director George F. Raymond         For       For        Management
1.9   Elect  Director Tom C. Tinsley            For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

CANADIAN PACIFIC RAILWAY LTD (FORMERLY CANADIAN PACIFIC LTD.

Ticker:       CP.            Security ID:  13645T100
Meeting Date: MAY 5, 2005    Meeting Type: Annual/Special
Record Date:  MAR 11, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stephen E. Bachand         For       For        Management
1.2   Elect Director John E. Cleghorn           For       For        Management
1.3   Elect Director Tim W. Faithfull           For       For        Management
1.4   Elect Director James E. Newall            For       For        Management
1.5   Elect Director James R. Nininger          For       For        Management
1.6   Elect Director Madeleine Paquin           For       For        Management
1.7   Elect Director Michael E.J. Phelps        For       For        Management
1.8   Elect Director Roger Phillips             For       For        Management
1.9   Elect Director Robert J. Ritchie          For       For        Management
1.10  Elect Director Michael W. Wright          For       For        Management
2     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
3     Approve Shareholder Rights Plan (Poison   For       For        Management
      Pill)


- --------------------------------------------------------------------------------

CARLISLE COMPANIES INC.

Ticker:       CSL            Security ID:  142339100
Meeting Date: APR 20, 2005   Meeting Type: Annual
Record Date:  FEB 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Peter L.A. Jamieson       For       For        Management
1.2   Elect  Director Peter F. Krogh            For       For        Management
1.3   Elect  Director Richmond D. McKinnish     For       For        Management
1.4   Elect  Director Anthony W. Ruggiero       For       For        Management
2     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan


- --------------------------------------------------------------------------------

CB RICHARD ELLIS GROUP INC

Ticker:       CBG            Security ID:  12497T101
Meeting Date: JUN 2, 2005    Meeting Type: Annual
Record Date:  APR 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Richard C. Blum           For       For        Management
1.2   Elect  Director Jeffrey A. Cozad          For       For        Management
1.3   Elect  Director Patrice Marie Daniels     For       For        Management
1.4   Elect  Director Bradford M. Freeman       For       For        Management
1.5   Elect  Director Michael Kantor            For       For        Management
1.6   Elect  Director Frederic V. Malek         For       For        Management
1.7   Elect  Director John G. Nugent            For       For        Management
1.8   Elect  Director Brett White               For       For        Management
1.9   Elect  Director Gary L. Wilson            For       For        Management
1.10  Elect  Director Ray Wirta                 For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


- --------------------------------------------------------------------------------

CELGENE CORP.

Ticker:       CELG           Security ID:  151020104
Meeting Date: JUN 15, 2005   Meeting Type: Annual
Record Date:  APR 28, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John W. Jackson           For       For        Management
1.2   Elect  Director Sol J. Barer, Ph.D.       For       For        Management
1.3   Elect  Director Robert J. Hugin           For       For        Management
1.4   Elect  Director Jack L. Bowman            For       For        Management
1.5   Elect  Director Frank T. Cary             For       For        Management
1.6   Elect  Director Michael D. Casey          For       For        Management
1.7   Elect  Director Arthur Hull Hayes, Jr.,   For       For        Management
      M.D.
1.8   Elect  Director Gilla Kaplan, Ph.D.       For       For        Management
1.9   Elect  Director Richard C.E. Morgan       For       For        Management
1.10  Elect  Director Walter L. Robb, Ph.D.     For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Non-Employee Director Stock Option  For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

CHESAPEAKE ENERGY CORP.

Ticker:       CHK            Security ID:  165167107
Meeting Date: JUN 10, 2005   Meeting Type: Annual
Record Date:  APR 26, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Aubrey K. McClendon       For       For        Management
1.2   Elect  Director Donald L. Nickles         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Stock Option Plan                 For       For        Management


- --------------------------------------------------------------------------------

CITRIX SYSTEMS, INC.

Ticker:       CTXS           Security ID:  177376100
Meeting Date: MAY 5, 2005    Meeting Type: Annual
Record Date:  MAR 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Murray J. Demo             For       For        Management
1.2   Elect Director John W. White              For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Qualified Employee Stock Purchase For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

COMMUNITY HEALTH SYSTEMS, INC.

Ticker:       CYH            Security ID:  203668108
Meeting Date: MAY 25, 2005   Meeting Type: Annual
Record Date:  MAR 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dale F. Frey              For       For        Management
1.2   Elect  Director John A. Fry               For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Expense Stock Options                     Against   Against    Shareholder


- --------------------------------------------------------------------------------

COMPUWARE CORP.

Ticker:       CPWR           Security ID:  205638109
Meeting Date: AUG 24, 2004   Meeting Type: Annual
Record Date:  JUL 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis W. Archer          For       Withhold   Management
1.2   Elect  Director Gurminder S. Bedi         For       For        Management
1.3   Elect  Director Elaine K. Didier          For       For        Management
1.4   Elect  Director William O. Grabe          For       For        Management
1.5   Elect  Director William R. Halling        For       For        Management
1.6   Elect  Director Peter Karmanos, Jr.       For       For        Management
1.7   Elect  Director Faye Alexander Nelson     For       For        Management
1.8   Elect  Director Glenda D. Price           For       For        Management
1.9   Elect  Director W. James Prowse           For       Withhold   Management
1.10  Elect  Director G. Scott Romney           For       For        Management
1.11  Elect  Director Lowell P. Weicker, Jr.    For       For        Management


- --------------------------------------------------------------------------------

COVANCE INC.

Ticker:       CVD            Security ID:  222816100
Meeting Date: APR 28, 2005   Meeting Type: Annual
Record Date:  MAR 10, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J. Randall Macdonald      For       For        Management
1.2   Elect  Director Kathleen G. Murray        For       For        Management
1.3   Elect  Director William C. Ughetta        For       For        Management


- --------------------------------------------------------------------------------

E*TRADE FINANCIAL CORP.

Ticker:       ET             Security ID:  269246104
Meeting Date: MAY 26, 2005   Meeting Type: Annual
Record Date:  APR 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mitchell H. Caplan         For       For        Management
1.2   Elect Director C. Cathleen Raffaeli       For       For        Management
1.3   Elect Director Daryl G. Brewster          For       For        Management
1.4   Elect Director Stephen H. Willard         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

FISHER SCIENTIFIC INTERNATIONAL INC.

Ticker:       FSH            Security ID:  338032204
Meeting Date: AUG 2, 2004    Meeting Type: Annual
Record Date:  MAY 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition
2.1   Elect  Director Michael D. Dingman        For       For        Management
2.2   Elect  Director Charles A. Sanders M.D.   For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adjourn Meeting                           For       Against    Management


- --------------------------------------------------------------------------------

FISHER SCIENTIFIC INTERNATIONAL INC.

Ticker:       FSH            Security ID:  338032204
Meeting Date: MAY 6, 2005    Meeting Type: Annual
Record Date:  MAR 22, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Rosanne F. Coppola         For       For        Management
1.2   Elect Director Bruce L. Koepfgen          For       For        Management
1.3   Elect Director Paul M. Meister            For       For        Management
1.4   Elect Director W. Clayton Stephens        For       For        Management
1.5   Elect Director Richard W. Vieser          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

FLIR SYSTEMS, INC.

Ticker:       FLIR           Security ID:  302445101
Meeting Date: APR 20, 2005   Meeting Type: Annual
Record Date:  FEB 28, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John C. Hart              For       For        Management
1.2   Elect  Director Angus L. Macdonald        For       For        Management
2     Increase Authorized Common Stock          For       For        Management


- --------------------------------------------------------------------------------

GARMIN LTD

Ticker:       GRMN           Security ID:  G37260109
Meeting Date: JUN 3, 2005    Meeting Type: Annual
Record Date:  APR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald H. Eller*          For       For        Management
1.2   Elect  Director Clifton A. Pemble*        For       For        Management
1.3   Elect  Director Charles W. Peffer**       For       For        Management
2     APPROVAL OF THE GARMIN LTD. 2005 EQUITY   For       For        Management
      INCENTIVE PLAN


- --------------------------------------------------------------------------------

GRANT PRIDECO INC

Ticker:       GRP            Security ID:  38821G101
Meeting Date: MAY 11, 2005   Meeting Type: Annual
Record Date:  MAR 23, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David J. Butters          For       For        Management
1.2   Elect  Director Eliot M. Fried            For       For        Management
1.3   Elect  Director Dennis R. Hendrix         For       For        Management
1.4   Elect  Director Harold E. Layman          For       For        Management
1.5   Elect  Director Sheldon B. Lubar          For       For        Management
1.6   Elect  Director Michael McShane           For       For        Management
1.7   Elect  Director Robert K. Moses, Jr.      For       For        Management
1.8   Elect  Director Joseph E. Reid            For       For        Management
1.9   Elect  Director David A. Trice            For       For        Management


- --------------------------------------------------------------------------------

HARMAN INTERNATIONAL INDUSTRIES, INC.

Ticker:       HAR            Security ID:  413086109
Meeting Date: NOV 10, 2004   Meeting Type: Annual
Record Date:  SEP 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Bernard A. Girod          For       For        Management
1.2   Elect  Director Ann Korologos             For       For        Management


- --------------------------------------------------------------------------------

HOST MARRIOTT CORP.

Ticker:       HMT            Security ID:  44107P104
Meeting Date: MAY 19, 2005   Meeting Type: Annual
Record Date:  MAR 30, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert M. Baylis          For       For        Management
1.2   Elect  Director Terence C. Golden         For       For        Management
1.3   Elect  Director Ann McLaughlin Korologos  For       For        Management
1.4   Elect  Director Richard E. Marriott       For       For        Management
1.5   Elect  Director Judith A. McHale          For       For        Management
1.6   Elect  Director John B. Morse, Jr.        For       For        Management
1.7   Elect  Director Christopher J. Nassetta   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors


- --------------------------------------------------------------------------------

HUGHES SUPPLY, INC.

Ticker:       HUG            Security ID:  444482103
Meeting Date: MAY 19, 2005   Meeting Type: Annual
Record Date:  MAR 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David H. Hughes           For       For        Management
1.2   Elect  Director Vincent S. Hughes         For       For        Management
1.3   Elect  Director Amos R. McMullian         For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Executive Incentive Bonus Plan    For       For        Management
5     Other Business                            For       For        Management


- --------------------------------------------------------------------------------

INVESTORS FINANCIAL SERVICES CORP.

Ticker:       IFIN           Security ID:  461915100
Meeting Date: APR 14, 2005   Meeting Type: Annual
Record Date:  FEB 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Phyllis S. Swersky        For       For        Management
1.2   Elect  Director Edward F. Hines, Jr.      For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

IPSCO INC.

Ticker:       IPS.           Security ID:  462622101
Meeting Date: APR 28, 2005   Meeting Type: Annual/Special
Record Date:  MAR 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Michael Grandin, Juanita Hinshaw,   For       For        Management
      Burton Joyce, Jack Michaels, Bernard
      Michel, Allan Olson, Arthur Price,
      Richard Sim, David Sutherland, Roger
      Tetrault, Gordon Thiessen, Murray
      Wallace, John Zaozirny as Directors
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Amend Incentive Share Option Plan         For       For        Management


- --------------------------------------------------------------------------------

KB HOME

Ticker:       KBH            Security ID:  48666K109
Meeting Date: APR 7, 2005    Meeting Type: Annual
Record Date:  FEB 14, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James A. Johnson           For       For        Management
1.2   Elect Director J. Terrence Lanni          For       For        Management
1.3   Elect Director Barry Munitz               For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

KINETIC CONCEPTS, INC.

Ticker:       KCI            Security ID:  49460W208
Meeting Date: MAY 24, 2005   Meeting Type: Annual
Record Date:  APR 22, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James R. Leininger, M.D.  For       For        Management
1.2   Elect  Director Dennert O. Ware           For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

LAUREATE EDUCATION INC.

Ticker:       LAUR           Security ID:  518613104
Meeting Date: JUN 21, 2005   Meeting Type: Annual
Record Date:  APR 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director R.C. Hoehn-Saric          For       For        Management
1.2   Elect  Director John A. Miller            For       For        Management
1.3   Elect  Director David A. Wilson           For       For        Management
1.4   Elect  Director Isabel Aguilera           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

MARTIN MARIETTA MATERIALS, INC.

Ticker:       MLM            Security ID:  573284106
Meeting Date: MAY 24, 2005   Meeting Type: Annual
Record Date:  MAR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Sue W. Cole               For       For        Management
1.2   Elect  Director Laree E. Perez            For       For        Management
1.3   Elect  Director William B. Sansom         For       For        Management
1.4   Elect  Director Stephen P. Zelnak, Jr.    For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

MICHAELS STORES, INC.

Ticker:       MIK            Security ID:  594087108
Meeting Date: JUN 16, 2005   Meeting Type: Annual
Record Date:  APR 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles J. Wyly, Jr.      For       For        Management
1.2   Elect  Director Sam Wyly                  For       For        Management
1.3   Elect  Director Richard E. Hanlon         For       For        Management
1.4   Elect  Director Richard C. Marcus         For       For        Management
1.5   Elect  Director Liz Minyard               For       For        Management
1.6   Elect  Director Cece Smith                For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


- --------------------------------------------------------------------------------

MONSTER WORLDWIDE, INC.

Ticker:       MNST           Security ID:  611742107
Meeting Date: JUN 16, 2005   Meeting Type: Annual
Record Date:  MAY 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Andrew J. McKelvey         For       For        Management
1.2   Elect Director George R. Eisele           For       For        Management
1.3   Elect Director John Gaulding              For       For        Management
1.4   Elect Director Michael Kaufman            For       For        Management
1.5   Elect Director Ronald J. Kramer           For       For        Management
1.6   Elect Director David A. Stein             For       For        Management
1.7   Elect Director John Swann                 For       For        Management
2     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan


- --------------------------------------------------------------------------------

MSC INDUSTRIAL DIRECT CO., INC.

Ticker:       MSM            Security ID:  553530106
Meeting Date: JAN 4, 2005    Meeting Type: Annual
Record Date:  NOV 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mitchell Jacobson         For       For        Management
1.2   Elect  Director David Sandler             For       For        Management
1.3   Elect  Director Charles Boehlke           For       For        Management
1.4   Elect  Director Roger Fradin              For       For        Management
1.5   Elect  Director Denis Kelly               For       For        Management
1.6   Elect  Director Raymond Langton           For       For        Management
1.7   Elect  Director Philip Peller             For       For        Management
2     Amend Restricted Stock Plan               For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management
5     Other Business                            For       For        Management


- --------------------------------------------------------------------------------

NABORS INDUSTRIES, LTD.

Ticker:       NBR            Security ID:  G6359F103
Meeting Date: JUN 7, 2005    Meeting Type: Annual
Record Date:  APR 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Anthony G. Petrello       For       For        Management
1.2   Elect  Director Myron M. Sheinfeld        For       For        Management
1.3   Elect  Director Martin J. Whitman         For       For        Management
2     Ratify Auditors                           For       For        Management
3     AMENDMENT TO AMENDED AND RESTATED         For       For        Management
      BYE-LAWS TO REQUIRE SHAREHOLDER APPROVAL
      OF CERTAIN DISPOSITIONS OF COMPANY S
      ASSETS.
4     AMENDMENT TO 2003 EMPLOYEE STOCK PLAN TO  For       For        Management
      MAKE NONEMPLOYEE DIRECTORS ELIGIBLE
      PARTICIPANTS.
5     SHAREHOLDER PROPOSAL TO REQUIRE THE       Against   Against    Shareholder
      COMPANY TO ADOPT A POLICY THAT A
      SIGNIFICANT AMOUNT OF FUTURE STOCK GRANTS
      TO SENIOR EXECUTIVES BE PERFORMANCE
      BASED.


- --------------------------------------------------------------------------------

NATIONAL OILWELL VARCO INC.

Ticker:       NOV            Security ID:  637071101
Meeting Date: MAR 11, 2005   Meeting Type: Special
Record Date:  FEB 3, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Adjourn Meeting                           For       For        Management
4     Other Business                            For       For        Management


- --------------------------------------------------------------------------------

PATTERSON-UTI  ENERGY INC.

Ticker:       PTEN           Security ID:  703481101
Meeting Date: JUN 15, 2005   Meeting Type: Annual
Record Date:  APR 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mark S. Siegel            For       For        Management
1.2   Elect  Director Cloyce A. Talbott         For       For        Management
1.3   Elect  Director A. Glenn Patterson        For       For        Management
1.4   Elect  Director Kenneth N. Berns          For       For        Management
1.5   Elect  Director Robert C. Gist            For       For        Management
1.6   Elect  Director Curtis W. Huff            For       For        Management
1.7   Elect  Director Terry H. Hunt             For       For        Management
1.8   Elect  Director Kenneth R. Peak           For       For        Management
1.9   Elect  Director Nadine C. Smith           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

PENTAIR, INC.

Ticker:       PNR            Security ID:  709631105
Meeting Date: APR 29, 2005   Meeting Type: Annual
Record Date:  MAR 1, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Richard J. Cathcart       For       For        Management
1.2   Elect  Director Barbara B. Grogan         For       For        Management
1.3   Elect  Director Augusto Meozzi            For       For        Management
1.4   Elect  Director Ronald L. Merriman        For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

PERKINELMER INC.

Ticker:       PKI            Security ID:  714046109
Meeting Date: APR 26, 2005   Meeting Type: Annual
Record Date:  FEB 28, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Tamara J. Erickson         For       For        Management
1.2   Elect Director Nicholas A. Lopardo        For       For        Management
1.3   Elect Director Alexis P. Michas           For       For        Management
1.4   Elect Director James C. Mullen            For       For        Management
1.5   Elect Director Vicki L. Sato              For       For        Management
1.6   Elect Director Gabriel Schmergel          For       For        Management
1.7   Elect Director Kenton J. Sicchitano       For       For        Management
1.8   Elect Director Gregory L. Summe           For       For        Management
1.9   Elect Director G. Robert Tod              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


- --------------------------------------------------------------------------------

PHELPS DODGE CORP.

Ticker:       PD             Security ID:  717265102
Meeting Date: MAY 27, 2005   Meeting Type: Annual
Record Date:  APR 7, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director A. Dunham                  For       For        Management
1.2   Elect Director W. Franke                  For       For        Management
1.3   Elect Director R. Johnson                 For       For        Management
1.4   Elect Director J. Steven Whisler          For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

R. R. DONNELLEY & SONS CO.

Ticker:       RRD            Security ID:  257867101
Meeting Date: MAY 26, 2005   Meeting Type: Annual
Record Date:  APR 1, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Judith H. Hamilton         For       For        Management
1.2   Elect Director Michael T. Riordan         For       For        Management
1.3   Elect Director Bide L. Thomas             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder


- --------------------------------------------------------------------------------

ROCKWELL AUTOMATION INC

Ticker:       ROK            Security ID:  773903109
Meeting Date: FEB 2, 2005    Meeting Type: Annual
Record Date:  DEC 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Bruce M. Rockwell         For       For        Management
1.2   Elect  Director Joseph F. Toot, Jr.       For       For        Management
1.3   Elect  Director Kenneth F. Yontz          For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

RYDER SYSTEM, INC.

Ticker:       R              Security ID:  783549108
Meeting Date: MAY 6, 2005    Meeting Type: Annual
Record Date:  MAR 11, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Hansel E. Tookes II       For       For        Management
1.2   Elect  Director Lynn M. Martin            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan


- --------------------------------------------------------------------------------

SMITHFIELD FOODS, INC.

Ticker:       SFD            Security ID:  832248108
Meeting Date: SEP 1, 2004    Meeting Type: Annual
Record Date:  JUL 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ray A. Goldberg           For       For        Management
1.2   Elect  Director John T. Schwieters        For       For        Management
1.3   Elect  Director Melvin O. Wright          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Corporate Political             Against   Against    Shareholder
      Contributions
4     Environmental Performance                 Against   Against    Shareholder


- --------------------------------------------------------------------------------

SOUTHWESTERN ENERGY CO.

Ticker:       SWN            Security ID:  845467109
Meeting Date: MAY 11, 2005   Meeting Type: Annual
Record Date:  MAR 3, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lewis E. Epley, Jr.       For       For        Management
1.2   Elect  Director John Paul Hammerschmidt   For       For        Management
1.3   Elect  Director Robert L. Howard          For       For        Management
1.4   Elect  Director Harold M. Korell          For       For        Management
1.5   Elect  Director Vello A. Kuuskraa         For       For        Management
1.6   Elect  Director Kenneth R. Mourton        For       For        Management
1.7   Elect  Director Charles E. Scharlau       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Approve Increase Bond Indebtedness        For       For        Management


- --------------------------------------------------------------------------------

STANDARD PACIFIC CORP.

Ticker:       SPF            Security ID:  85375C101
Meeting Date: MAY 10, 2005   Meeting Type: Annual
Record Date:  MAR 11, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Stephen J. Scarborough    For       For        Management
1.2   Elect  Director Douglas C. Jacobs         For       For        Management
1.3   Elect  Director Larry D. McNabb           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


- --------------------------------------------------------------------------------

STEEL DYNAMICS, INC.

Ticker:       STLD           Security ID:  858119100
Meeting Date: MAY 19, 2005   Meeting Type: Annual
Record Date:  MAR 21, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Keith E. Busse            For       For        Management
1.2   Elect  Director Mark D. Millett           For       For        Management
1.3   Elect  Director Richard P. Teets, Jr.     For       For        Management
1.4   Elect  Director John C. Bates             For       For        Management
1.5   Elect  Director Dr. Frank D. Byrne        For       For        Management
1.6   Elect  Director Paul B. Edgerley          For       For        Management
1.7   Elect  Director Richard J. Freeland       For       For        Management
1.8   Elect  Director Naoki Hidaka              For       For        Management
1.9   Elect  Director Dr. Jurgen Kolb           For       For        Management
1.10  Elect  Director James C. Marcuccilli      For       For        Management
1.11  Elect  Director Joseph D. Ruffolo         For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

TIMKEN CO. (THE)

Ticker:       TKR            Security ID:  887389104
Meeting Date: APR 19, 2005   Meeting Type: Annual
Record Date:  FEB 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Phillip R. Cox            For       For        Management
1.2   Elect  Director Robert W. Mahoney         For       For        Management
1.3   Elect  Director Ward J. Timken, Jr.       For       For        Management
1.4   Elect  Director Joseph F. Toot, Jr.       For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management


- --------------------------------------------------------------------------------

UNITED STATES STEEL CORP.

Ticker:       X              Security ID:  912909108
Meeting Date: APR 26, 2005   Meeting Type: Annual
Record Date:  FEB 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Richard A. Gephardt       For       For        Management
1.2   Elect  Director Shirley Ann Jackson       For       For        Management
1.3   Elect  Director Dan D. Sandman            For       For        Management
1.4   Elect  Director Thomas J. Usher           For       For        Management
1.5   Elect  Director Douglas C. Yearley        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Executive Incentive Bonus Plan    For       For        Management


- --------------------------------------------------------------------------------

WEATHERFORD INTL LTD

Ticker:       WFT            Security ID:  G95089101
Meeting Date: MAY 13, 2005   Meeting Type: Annual
Record Date:  MAR 23, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Nicholas F. Brady         For       For        Management
1.2   Elect  Director David J. Butters          For       For        Management
1.3   Elect  Director Bernard J. Duroc-Danner   For       For        Management
1.4   Elect  Director Sheldon B. Lubar          For       For        Management
1.5   Elect  Director William E. Macaulay       For       For        Management
1.6   Elect  Director Robert B. Millard         For       For        Management
1.7   Elect  Director Robert K. Moses, Jr.      For       For        Management
1.8   Elect  Director Robert A. Rayne           For       For        Management
2     APPOINTMENT OF ERNST & YOUNG LLP AS       For       For        Management
      INDEPENDENT REGISTERED PUBLIC ACCOUNTING
      FIRM FOR THE YEAR ENDING DECEMBER 31,
      2005, AND AUTHORIZATION OF THE AUDIT
      COMMITTEE OF THE BOARD OF DIRECTORS TO
      SET ERNST & YOUNG LLP S REMUNERATION.


- --------------------------------------------------------------------------------

YELLOW ROADWAY CORP.

Ticker:       YELL           Security ID:  985577105
Meeting Date: MAY 19, 2005   Meeting Type: Annual
Record Date:  MAR 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Cassandra C. Carr         For       For        Management
1.2   Elect  Director Howard M. Dean            For       For        Management
1.3   Elect  Director Frank P. Doyle            For       For        Management
1.4   Elect  Director John F. Fiedler           For       For        Management
1.5   Elect  Director Dennis E. Foster          For       For        Management
1.6   Elect  Director John C. McKelvey          For       For        Management
1.7   Elect  Director Phillip J. Meek           For       For        Management
1.8   Elect  Director William L. Trubeck        For       For        Management
1.9   Elect  Director Carl W. Vogt              For       For        Management
1.10  Elect  Director William D. Zollars        For       For        Management
2     Ratify Auditors                           For       For        Management




============================= BRANDYWINE BLUE FUND =============================


AFFILIATED COMPUTER SERVICES, INC.

Ticker:       ACS            Security ID:  008190100
Meeting Date: OCT 28, 2004   Meeting Type: Annual
Record Date:  SEP 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Darwin Deason             For       For        Management
1.2   Elect  Director Jeffrey A. Rich           For       For        Management
1.3   Elect  Director Mark A. King              For       For        Management
1.4   Elect  Director Joseph P. O'Neill         For       For        Management
1.5   Elect  Director Frank A. Rossi            For       For        Management
1.6   Elect  Director J. Livingston Kosberg     For       For        Management
1.7   Elect  Director Dennis Mccuistion         For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

ALLSTATE CORP., THE

Ticker:       ALL            Security ID:  020002101
Meeting Date: MAY 17, 2005   Meeting Type: Annual
Record Date:  MAR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director F. Duane Ackerman         For       For        Management
1.2   Elect  Director James G. Andress          For       For        Management
1.3   Elect  Director Edward A. Brennan         For       For        Management
1.4   Elect  Director W. James Farrell          For       For        Management
1.5   Elect  Director Jack M. Greenberg         For       For        Management
1.6   Elect  Director Ronald T. LeMay           For       For        Management
1.7   Elect  Director Edward M. Liddy           For       For        Management
1.8   Elect  Director J. Christopher Reyes      For       For        Management
1.9   Elect  Director H. John Riley, Jr.        For       For        Management
1.10  Elect  Director Joshua I. Smith           For       For        Management
1.11  Elect  Director Judith A. Sprieser        For       For        Management
1.12  Elect  Director Mary Alice Taylor         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Provide for Cumulative Voting             Against   Against    Shareholder


- --------------------------------------------------------------------------------

AMGEN, INC.

Ticker:       AMGN           Security ID:  031162100
Meeting Date: MAY 11, 2005   Meeting Type: Annual
Record Date:  MAR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dr. David Baltimore       For       For        Management
1.2   Elect  Director Ms. Judith C. Pelham      For       For        Management
1.3   Elect  Director Mr. Kevin W. Sharer       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Eliminate Animal Testing                  Against   Against    Shareholder
4     Review/Limit Executive Compensation       Against   Against    Shareholder
5     Adopt Retention Ratio for Executives      Against   Against    Shareholder


- --------------------------------------------------------------------------------

AVAYA INC

Ticker:       AV             Security ID:  053499109
Meeting Date: FEB 15, 2005   Meeting Type: Annual
Record Date:  DEC 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Philip A. Odeen           For       For        Management
1.2   Elect  Director Hellene S. Runtagh        For       For        Management
1.3   Elect  Director Paula Stern               For       For        Management
1.4   Elect  Director Richard F. Wallman        For       For        Management


- --------------------------------------------------------------------------------

BED BATH & BEYOND INC.

Ticker:       BBBY           Security ID:  075896100
Meeting Date: JUN 30, 2005   Meeting Type: Annual
Record Date:  MAY 5, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Leonard Feinstein         For       For        Management
1.2   Elect  Director Robert Kaplan             For       For        Management
1.3   Elect  Director Dean S. Adler             For       For        Management
1.4   Elect  Director Jordan Heller             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Adopt ILO-based Code of Conduct           Against   Against    Shareholder
4     Review/Limit Executive Compensation       Against   Against    Shareholder
5     Declassify the Board of Directors         Against   Against    Shareholder


- --------------------------------------------------------------------------------

BURLINGTON NORTHERN SANTA FE CORP.

Ticker:       BNI            Security ID:  12189T104
Meeting Date: APR 20, 2005   Meeting Type: Annual
Record Date:  FEB 22, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director A.L. Boeckmann            For       For        Management
1.2   Elect  Director V.S. Martinez             For       For        Management
1.3   Elect  Director M.F. Racicot              For       For        Management
1.4   Elect  Director R.S. Roberts              For       For        Management
1.5   Elect  Director M.K. Rose                 For       For        Management
1.6   Elect  Director M.J. Shapiro              For       For        Management
1.7   Elect  Director J.C. Watts, Jr.           For       For        Management
1.8   Elect  Director R.H. West                 For       For        Management
1.9   Elect  Director J.S. Whisler              For       For        Management
1.10  Elect  Director E.E. Whitacre, Jr.        For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

CHESAPEAKE ENERGY CORP.

Ticker:       CHK            Security ID:  165167107
Meeting Date: JUN 10, 2005   Meeting Type: Annual
Record Date:  APR 26, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Aubrey K. McClendon       For       For        Management
1.2   Elect  Director Donald L. Nickles         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Stock Option Plan                 For       For        Management


- --------------------------------------------------------------------------------

COMPANHIA VALE DO RIO DOCE

Ticker:       RIO.PR         Security ID:  204412209
Meeting Date: APR 27, 2005   Meeting Type: Annual
Record Date:  MAR 29, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPRECIATION OF THE MANAGEMENT S REPORT   For       For        Management
      AND ANALYSIS, DISCUSSION AND VOTE ON THE
      FINANCIAL STATEMENTS FOR THE FISCAL YEAR
      ENDING DECEMBER 31, 2004.
2     PROPOSAL FOR THE DESTINATION OF THE       For       For        Management
      PROFITS OF THE SAID FISCAL YEAR AND
      APPROVAL OF THE INVESTMENT BUDGET OF THE
      COMPANY.
3     ELECTION OF THE MEMBERS OF THE BOARD OF   For       For        Management
      DIRECTORS.
4     ELECTION OF THE MEMBERS OF THE FISCAL     For       For        Management
      COUNCIL.
5     ESTABLISHMENT OF THE REMUNERATION OF THE  For       For        Management
      SENIOR MANAGEMENT AND FISCAL COUNCIL
      MEMBERS.
6     PROPOSAL FOR THE INCREASE OF CAPITAL, VIA For       For        Management
      CAPITALIZATION OF RESERVES, WITHOUT ISSUE
      OF SHARES, AND WITH THE CONSEQUENT
      ALTERATION OF THE MAIN SECTION OF ARTICLE
      5 OF THE COMPANY BYLAWS.
7     NEW VERSION OF CVRD S DIVIDEND POLICY.    For       For        Management


- --------------------------------------------------------------------------------

CORNING INC.

Ticker:       GLW            Security ID:  219350105
Meeting Date: APR 28, 2005   Meeting Type: Annual
Record Date:  MAR 1, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John Seely Brown           For       For        Management
1.2   Elect Director Gordon Gund                For       For        Management
1.3   Elect Director John M. Hennessy           For       For        Management
1.4   Elect Director H. Onno Ruding             For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

CVS CORPORATION

Ticker:       CVS            Security ID:  126650100
Meeting Date: MAY 12, 2005   Meeting Type: Annual
Record Date:  MAR 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director W. Don Cornwell            For       For        Management
1.2   Elect Director Thomas P. Gerrity          For       For        Management
1.3   Elect Director Stanley P. Goldstein       For       For        Management
1.4   Elect Director Marian L. Heard            For       For        Management
1.5   Elect Director William H. Joyce           For       For        Management
1.6   Elect Director Terrence Murray            For       For        Management
1.7   Elect Director Sheli Z. Rosenberg         For       For        Management
1.8   Elect Director Thomas M. Ryan             For       For        Management
1.9   Elect Director Alfred J. Verrecchia       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors
4     Performance- Based/Indexed Options        Against   Against    Shareholder
5     Review/Limit Executive Compensation       Against   Against    Shareholder


- --------------------------------------------------------------------------------

DANAHER CORP.

Ticker:       DHR            Security ID:  235851102
Meeting Date: MAY 4, 2005    Meeting Type: Annual
Record Date:  MAR 7, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director H. Lawrence Culp, Jr.      For       For        Management
1.2   Elect Director Mitchell P. Rales          For       For        Management
1.3   Elect Director A. Emmet Stephenson, Jr.   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors


- --------------------------------------------------------------------------------

E*TRADE FINANCIAL CORP.

Ticker:       ET             Security ID:  269246104
Meeting Date: MAY 26, 2005   Meeting Type: Annual
Record Date:  APR 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mitchell H. Caplan         For       For        Management
1.2   Elect Director C. Cathleen Raffaeli       For       For        Management
1.3   Elect Director Daryl G. Brewster          For       For        Management
1.4   Elect Director Stephen H. Willard         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

FISHER SCIENTIFIC INTERNATIONAL INC.

Ticker:       FSH            Security ID:  338032204
Meeting Date: MAY 6, 2005    Meeting Type: Annual
Record Date:  MAR 22, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Rosanne F. Coppola         For       For        Management
1.2   Elect Director Bruce L. Koepfgen          For       For        Management
1.3   Elect Director Paul M. Meister            For       For        Management
1.4   Elect Director W. Clayton Stephens        For       For        Management
1.5   Elect Director Richard W. Vieser          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

GARMIN LTD

Ticker:       GRMN           Security ID:  G37260109
Meeting Date: JUN 3, 2005    Meeting Type: Annual
Record Date:  APR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald H. Eller*          For       For        Management
1.2   Elect  Director Clifton A. Pemble*        For       For        Management
1.3   Elect  Director Charles W. Peffer**       For       For        Management
2     APPROVAL OF THE GARMIN LTD. 2005 EQUITY   For       For        Management
      INCENTIVE PLAN


- --------------------------------------------------------------------------------

GENERAL ELECTRIC CO.

Ticker:       GE             Security ID:  369604103
Meeting Date: APR 27, 2005   Meeting Type: Annual
Record Date:  FEB 28, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James I. Cash, Jr.        For       For        Management
1.2   Elect  Director William M. Castell        For       For        Management
1.3   Elect  Director Dennis D. Dammerman       For       For        Management
1.4   Elect  Director Ann M. Fudge              For       For        Management
1.5   Elect  Director Claudio X. Gonzalez       For       For        Management
1.6   Elect  Director Jeffrey R. Immelt         For       For        Management
1.7   Elect  Director Andrea Jung               For       For        Management
1.8   Elect  Director Alan G. Lafley            For       For        Management
1.9   Elect  Director Ralph S. Larsen           For       For        Management
1.10  Elect  Director Rochelle B. Lazarus       For       For        Management
1.11  Elect  Director Sam Nunn                  For       For        Management
1.12  Elect  Director Roger S. Penske           For       For        Management
1.13  Elect  Director Robert J. Swieringa       For       For        Management
1.14  Elect  Director Douglas A. Warner III     For       For        Management
1.15  Elect  Director Robert C. Wright          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Provide for Cumulative Voting             Against   Against    Shareholder
4     Report on Nuclear Fuel Storage Risks      Against   Against    Shareholder
5     Report on PCB Clean-up Costs              Against   Against    Shareholder
6     Adopt Policy on Overboarded Directors     Against   Against    Shareholder
7     Prepare a Sustainability Report           Against   Against    Shareholder
8     Political Contributions/Activities        Against   Against    Shareholder
9     Eliminate Animal Testing                  Against   Against    Shareholder


- --------------------------------------------------------------------------------

HALLIBURTON CO.

Ticker:       HAL            Security ID:  406216101
Meeting Date: MAY 18, 2005   Meeting Type: Annual
Record Date:  MAR 21, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert L. Crandall        For       For        Management
1.2   Elect  Director Kenneth T. Derr           For       For        Management
1.3   Elect  Director S. Malcolm Gillis         For       For        Management
1.4   Elect  Director W.R. Howell               For       For        Management
1.5   Elect  Director Ray L. Hunt               For       For        Management
1.6   Elect  Director David J. Lesar            For       For        Management
1.7   Elect  Director J. Landis Martin          For       For        Management
1.8   Elect  Director Jay A. Precourt           For       For        Management
1.9   Elect  Director Debra L. Reed             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit Severance Agreement                Against   Against    Shareholder
      (Change-in-Control) to Shareholder Vote
4     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors


- --------------------------------------------------------------------------------

HOST MARRIOTT CORP.

Ticker:       HMT            Security ID:  44107P104
Meeting Date: MAY 19, 2005   Meeting Type: Annual
Record Date:  MAR 30, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert M. Baylis          For       For        Management
1.2   Elect  Director Terence C. Golden         For       For        Management
1.3   Elect  Director Ann McLaughlin Korologos  For       For        Management
1.4   Elect  Director Richard E. Marriott       For       For        Management
1.5   Elect  Director Judith A. McHale          For       For        Management
1.6   Elect  Director John B. Morse, Jr.        For       For        Management
1.7   Elect  Director Christopher J. Nassetta   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors


- --------------------------------------------------------------------------------

INGERSOLL-RAND COMPANY LIMITED

Ticker:       IR             Security ID:  G4776G101
Meeting Date: JUN 1, 2005    Meeting Type: Annual
Record Date:  APR 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director A.C. Berzin               For       For        Management
1.2   Elect  Director H.L. Henkel               For       For        Management
1.3   Elect  Director H.W. Lichtenberger        For       For        Management
1.4   Elect  Director T.L. White                For       For        Management
2     APPROVAL OF AMENDMENT TO BYE-LAW 10 OF    For       For        Management
      THE BYE-LAWS TO ELIMINATE THE
      CLASSIFICATION OF THE BOARD OF DIRECTORS.
3     APPROVAL OF AMENDMENT TO BYE-LAW 10 OF    For       For        Management
      THE BYE-LAWS TO ELIMINATE CUMULATIVE
      VOTING IN THE ELECTION OF DIRECTORS.
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

ITT INDUSTRIES, INC.

Ticker:       ITT            Security ID:  450911102
Meeting Date: MAY 10, 2005   Meeting Type: Annual
Record Date:  MAR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven R. Loranger         For       For        Management
1.2   Elect Director Curtis J. Crawford         For       For        Management
1.3   Elect Director Christina A. Gold          For       For        Management
1.4   Elect Director Ralph F. Hake              For       For        Management
1.5   Elect Director John J. Hamre              For       For        Management
1.6   Elect Director Raymond W. LeBoeuf         For       For        Management
1.7   Elect Director Frank T. MacInnis          For       For        Management
1.8   Elect Director Linda S. Sanford           For       For        Management
1.9   Elect Director Markos I. Tambakeras       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management


- --------------------------------------------------------------------------------

MBNA CORP.

Ticker:       KRB            Security ID:  55262L100
Meeting Date: MAY 2, 2005    Meeting Type: Annual
Record Date:  FEB 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James H. Berick           For       For        Management
1.2   Elect  Director Mary M. Boies             For       For        Management
1.3   Elect  Director Benjamin R. Civiletti     For       For        Management
1.4   Elect  Director Bruce L. Hammonds         For       For        Management
1.5   Elect  Director William L. Jews           For       For        Management
1.6   Elect  Director Randolph D. Lerner        For       For        Management
1.7   Elect  Director Stuart L. Markowitz, M.D. For       For        Management
1.8   Elect  Director William B. Milstead       For       For        Management
1.9   Elect  Director Thomas G. Murdough, Jr.   For       For        Management
1.10  Elect  Director Laura S. Unger            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   Against    Shareholder
4     Performance- Based/Indexed Options        Against   Against    Shareholder


- --------------------------------------------------------------------------------

MCGRAW-HILL COMPANIES, INC., THE

Ticker:       MHP            Security ID:  580645109
Meeting Date: APR 27, 2005   Meeting Type: Annual
Record Date:  MAR 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Sir Winfried Bischoff      For       For        Management
1.2   Elect Director Douglas N. Daft            For       For        Management
1.3   Elect Director Linda Koch Lorimer         For       For        Management
1.4   Elect Director Harold McGraw III          For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Ratify Auditors                           For       For        Management
5     Submit Shareholder Rights Plan (Poison    Against   Against    Shareholder
      Pill) to Shareholder Vote


- --------------------------------------------------------------------------------

NABORS INDUSTRIES, LTD.

Ticker:       NBR            Security ID:  G6359F103
Meeting Date: JUN 7, 2005    Meeting Type: Annual
Record Date:  APR 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Anthony G. Petrello       For       For        Management
1.2   Elect  Director Myron M. Sheinfeld        For       For        Management
1.3   Elect  Director Martin J. Whitman         For       For        Management
2     Ratify Auditors                           For       For        Management
3     AMENDMENT TO AMENDED AND RESTATED         For       For        Management
      BYE-LAWS TO REQUIRE SHAREHOLDER APPROVAL
      OF CERTAIN DISPOSITIONS OF COMPANY S
      ASSETS.
4     AMENDMENT TO 2003 EMPLOYEE STOCK PLAN TO  For       For        Management
      MAKE NONEMPLOYEE DIRECTORS ELIGIBLE
      PARTICIPANTS.
5     SHAREHOLDER PROPOSAL TO REQUIRE THE       Against   Against    Shareholder
      COMPANY TO ADOPT A POLICY THAT A
      SIGNIFICANT AMOUNT OF FUTURE STOCK GRANTS
      TO SENIOR EXECUTIVES BE PERFORMANCE
      BASED.


- --------------------------------------------------------------------------------

NORTH FORK BANCORPORATION, INC.

Ticker:       NFB            Security ID:  659424105
Meeting Date: MAY 3, 2005    Meeting Type: Annual
Record Date:  MAR 4, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John Bohlsen               For       For        Management
1.2   Elect Director Daniel M. Healy            For       For        Management
1.3   Elect Director Katherine Heaviside        For       For        Management
1.4   Elect Director Thomas S. Johnson          For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

PHELPS DODGE CORP.

Ticker:       PD             Security ID:  717265102
Meeting Date: MAY 27, 2005   Meeting Type: Annual
Record Date:  APR 7, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director A. Dunham                  For       For        Management
1.2   Elect Director W. Franke                  For       For        Management
1.3   Elect Director R. Johnson                 For       For        Management
1.4   Elect Director J. Steven Whisler          For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

PULTE HOMES INC.

Ticker:       PHM            Security ID:  745867101
Meeting Date: MAY 12, 2005   Meeting Type: Annual
Record Date:  MAR 22, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director D. Kent Anderson          For       For        Management
1.2   Elect  Director John J. Shea              For       For        Management
1.3   Elect  Director William B. Smith          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management
5     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors


- --------------------------------------------------------------------------------

R. R. DONNELLEY & SONS CO.

Ticker:       RRD            Security ID:  257867101
Meeting Date: MAY 26, 2005   Meeting Type: Annual
Record Date:  APR 1, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Judith H. Hamilton         For       For        Management
1.2   Elect Director Michael T. Riordan         For       For        Management
1.3   Elect Director Bide L. Thomas             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder


- --------------------------------------------------------------------------------

ROCKWELL AUTOMATION INC

Ticker:       ROK            Security ID:  773903109
Meeting Date: FEB 2, 2005    Meeting Type: Annual
Record Date:  DEC 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Bruce M. Rockwell         For       For        Management
1.2   Elect  Director Joseph F. Toot, Jr.       For       For        Management
1.3   Elect  Director Kenneth F. Yontz          For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.

Ticker:       HOT            Security ID:  85590A203
Meeting Date: MAY 5, 2005    Meeting Type: Annual
Record Date:  MAR 17, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Charlene Barshefsky        For       For        Management
1.2   Elect Director Jean-Marc Chapus           For       For        Management
1.3   Elect Director Bruce W. Duncan            For       For        Management
1.4   Elect Director Steven J. Heyer            For       For        Management
1.5   Elect Director Eric Hippeau               For       For        Management
1.6   Elect Director Steven Quazzo              For       For        Management
1.7   Elect Director Thomas O. Ryder            For       For        Management
1.8   Elect Director Barry S. Sternlicht        For       For        Management
1.9   Elect Director Daniel W. Yih              For       For        Management
1.10  Elect Director Kneeland C. Youngblood     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Provide for Confidential Voting           Against   Against    Shareholder
5     Expense Stock Options                     Against   Against    Shareholder


- --------------------------------------------------------------------------------

TALISMAN ENERGY INC.

Ticker:       TLM.           Security ID:  87425E103
Meeting Date: MAY 3, 2005    Meeting Type: Annual/Special
Record Date:  MAR 18, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Douglas D. Balwin          For       For        Management
1.2   Elect Director James W. Buckee            For       For        Management
1.3   Elect Director Kevin S. Dunne             For       For        Management
1.4   Elect Director Al L. Flood                For       For        Management
1.5   Elect Director Dale G. Parker             For       For        Management
1.6   Elect Director Lawrence G. Tapp           For       For        Management
1.7   Elect Director Stella M. Thompson         For       For        Management
1.8   Elect Director Robert G. Welty            For       For        Management
1.9   Elect Director Charles W. Wilson          For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Amend Shareholder Rights Plan (Poison     For       For        Management
      Pill)


- --------------------------------------------------------------------------------

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  902124106
Meeting Date: MAR 10, 2005   Meeting Type: Annual
Record Date:  JAN 10, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director George W. Buckley         For       For        Management
1.4   Elect  Director Brian Duperreault         For       For        Management
1.5   Elect  Director Bruce S. Gordon           For       For        Management
1.6   Elect  Director Rajiv L. Gupta            For       For        Management
1.7   Elect  Director John A. Krol              For       For        Management
1.8   Elect  Director Mackey J. Mcdonald        For       For        Management
1.9   Elect  Director H. Carl Mccall            For       For        Management
1.10  Elect  Director Brendan R. O'Neill        For       For        Management
1.11  Elect  Director Sandra S. Wijnberg        For       For        Management
1.12  Elect  Director Jerome B. York            For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

UNION PACIFIC CORP.

Ticker:       UNP            Security ID:  907818108
Meeting Date: MAY 5, 2005    Meeting Type: Annual
Record Date:  FEB 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Philip F. Anschutz         For       For        Management
1.2   Elect Director Erroll B. Davis, Jr.       For       For        Management
1.3   Elect Director Richard K. Davidson        For       For        Management
1.4   Elect Director Thomas J. Donohue          For       For        Management
1.5   Elect Director Archie W. Dunham           For       For        Management
1.6   Elect Director Spencer F. Eccles          For       For        Management
1.7   Elect Director Judith Richards Hope       For       For        Management
1.8   Elect Director Michael W. McConnell       For       For        Management
1.9   Elect Director Steven R. Rogel            For       For        Management
1.10  Elect Director James R. Young             For       For        Management
1.11  Elect Director Ernesto Zedillo Ponce de   For       For        Management
      Leon
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management
4     Performance- Based/Indexed Options        Against   Against    Shareholder


- --------------------------------------------------------------------------------

WEATHERFORD INTL LTD

Ticker:       WFT            Security ID:  G95089101
Meeting Date: MAY 13, 2005   Meeting Type: Annual
Record Date:  MAR 23, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Nicholas F. Brady         For       For        Management
1.2   Elect  Director David J. Butters          For       For        Management
1.3   Elect  Director Bernard J. Duroc-Danner   For       For        Management
1.4   Elect  Director Sheldon B. Lubar          For       For        Management
1.5   Elect  Director William E. Macaulay       For       For        Management
1.6   Elect  Director Robert B. Millard         For       For        Management
1.7   Elect  Director Robert K. Moses, Jr.      For       For        Management
1.8   Elect  Director Robert A. Rayne           For       For        Management
2     APPOINTMENT OF ERNST & YOUNG LLP AS       For       For        Management
      INDEPENDENT REGISTERED PUBLIC ACCOUNTING
      FIRM FOR THE YEAR ENDING DECEMBER 31,
      2005, AND AUTHORIZATION OF THE AUDIT
      COMMITTEE OF THE BOARD OF DIRECTORS TO
      SET ERNST & YOUNG LLP S REMUNERATION.

========== END NPX REPORT



                                 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)   Brandywine Blue Fund, Inc.
             ------------------------------------------------------------------
By (Signature and Title)*  William F. D'Alonzo, President
                         ------------------------------------------------------
Date  August 29, 2005
    --------------------------------------------------------------------------

                                       3