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: 811-21584
NAME OF REGISTRANT: The Victory Institutional
Funds
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 3435 Stelzer Road
Columbus, Oh 43219
NAME AND ADDRESS OF AGENT FOR SERVICE: George Stevens - BISYS Fund
Services
3435 Stelzer Road
Columbus, Oh 43219
REGISTRANT'S TELEPHONE NUMBER: 800-362-5365
DATE OF FISCAL YEAR END: 10/31
DATE OF REPORTING PERIOD: 03/30/2005 - 06/30/2005
VIF Diversified Stock Fund
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The fund held no voting securities during the reporting period and did not vote any securities or have
any securities that were subject to a vote during the reporting period.
VIF Institutional Liquid Reserves Fund
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The fund did not own any voting securities for which proxies were received during the reporting period.
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) The Victory Institutional Funds
By (Signature) /s/ Kathleen A. Dennis
Name Kathleen A. Dennis
Title President
Date 08/18/2005