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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 811-4801
---------------------------------------------

SunAmerica Equity Funds
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)

Harborside Financial Center, 3200 Plaza 5, Jersey City, NJ 07311
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)

Robert M. Zakem ESQ
Senior Vice President and General Counsel
AIG SunAmerica Asset Management Corp.
Harborside Financial Center
3200 Plaza 5
Jersey City, NJ 07311-4992
- -------------------------------------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: 800-858-8850
---------------------------
Date of fiscal year end: 09/30
-----------------------
Date of reporting period: 7/1/2003-6/30/2004
----------------------

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.

Item 1. Proxy Voting Record
Account Number: JU52 Balanced Assets Fund

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
3M Co MMM 88579Y101 5/11/04 Annual
1.01 Elect Edward A. Brennan MGMT YES WHOLD AGNST
1.02 Elect Michael L. Eskew MGMT YES WHOLD AGNST
1.03 Elect W. James McNerney Jr. MGMT YES WHOLD AGNST
1.04 Elect Kevin W. Sharer MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Increase Authorized Common Stock MGMT YES FOR FOR
4.00 Independent Board Chairman SHLDR YES AGNST FOR

Adobe Systems ADBE 00724F101 4/28/04 Annual
1.01 Elect Michael R. Cannon MGMT YES WHOLD AGNST
1.02 Elect Bruce R. Chizen MGMT YES WHOLD AGNST
1.03 Elect James E. Daley MGMT YES WHOLD AGNST
1.04 Elect Charles M. Geschke MGMT YES WHOLD AGNST
1.05 Elect Delbert W. Yocam MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Expense Stock Options SHLDR YES FOR AGNST
4.00 Require Option Shares to Be Held SHLDR YES AGNST FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Aetna AET 00817Y108 4/30/04 Annual
1.01 Elect Betsy Z. Cohen MGMT YES FOR FOR
1.02 Elect Barbara Hackman Franklin MGMT YES FOR FOR
1.03 Elect Jeffery E. Garten MGMT YES FOR FOR
1.04 Elect Earl G. Graves Sr. MGMT YES FOR FOR
1.05 Elect Gerald Greenwald MGMT YES FOR FOR
1.06 Elect Ellen M. Hancock MGMT YES FOR FOR
1.07 Elect Michael H. Jordan MGMT YES FOR FOR
1.08 Elect Jack D. Kuehler MGMT YES FOR FOR
1.09 Elect Edward J. Ludwig MGMT YES FOR FOR
1.10 Elect Joseph P. Newhouse MGMT YES FOR FOR
1.11 Elect Judith Rodin MGMT YES FOR FOR
1.12 Elect John W. Rowe MGMT YES FOR FOR
1.13 Elect Ronald A. Williams MGMT YES FOR FOR
1.14 Elect R. David Yost MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Cumulative Voting SHLDR YES AGNST FOR
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Alcoa AA 013817101 4/30/04 Annual
1.01 Elect Alain J.P. Belda MGMT YES WHOLD AGNST
1.02 Elect Carlos Ghosn MGMT YES WHOLD AGNST
1.03 Elect Henry B. Schacht MGMT YES WHOLD AGNST
1.04 Elect Franklin A. Thomas MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.01 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
3.02 Golden Parachutes SHLDR YES FOR AGNST

Alkermes ALKS 01642T108 9/9/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Add Shares to Director Stock Option Plan MGMT YES AGNST AGNST

Allergan AGN 018490102 4/28/04 Annual
1.01 Elect Handel E. Evans MGMT YES WHOLD AGNST
1.02 Elect Michael R. Gallagher MGMT YES WHOLD AGNST
1.03 Elect Gavin S. Herbert MGMT YES WHOLD AGNST
1.04 Elect Stephen J. Ryan MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Expense Stock Options SHLDR YES FOR AGNST
4.00 Independent Board Chairman SHLDR YES AGNST FOR

Altria Group MO 02209S103 4/29/04 Annual
1.01 Elect Elizabeth E. Bailey MGMT YES FOR FOR
1.02 Elect Mathis Cabiallavetta MGMT YES FOR FOR
1.03 Elect Loius C. Camilleri MGMT YES FOR FOR
1.04 Elect Dudley Fishburn MGMT YES FOR FOR
1.05 Elect Robert E.R. Huntley MGMT YES FOR FOR
1.06 Elect Thomas W. Jones MGMT YES FOR FOR
1.07 Elect Lucio A. Noto MGMT YES FOR FOR
1.08 Elect John S. Reed MGMT YES FOR FOR
1.09 Elect Carlos Slim Helu MGMT YES FOR FOR
1.10 Elect Stephen M. Wolf MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review or Reduce Tobacco Harm to Health SHLDR YES AGNST FOR
4.00 Review or Reduce Tobacco Harm to Health SHLDR YES AGNST FOR
5.00 Review Political Spending SHLDR YES AGNST FOR
6.00 Review or Reduce Tobacco Harm to Health SHLDR YES AGNST FOR
7.00 Review or Reduce Tobacco Harm to Health SHLDR YES AGNST FOR
8.00 Independent Board Chairman SHLDR YES AGNST FOR

Ambac Financial Group ABK 023139108 5/4/04 Annual
1.01 Elect Phillip B. Lassiter MGMT YES WHOLD AGNST
1.02 Elect Michael A. Callen MGMT YES WHOLD AGNST
1.03 Elect Renso L. Caporali MGMT YES WHOLD AGNST
1.04 Elect Jill M. Considine MGMT YES WHOLD AGNST
1.05 Elect Richard Dulude MGMT YES WHOLD AGNST
1.06 Elect Robert j. Genader MGMT YES WHOLD AGNST
1.07 Elect W. Grant Gregory MGMT YES WHOLD AGNST
1.08 Elect Laura S. Unger MGMT YES WHOLD AGNST
1.09 Elect Henry D. G. Wallace MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

American Express AXP 025816109 4/26/04 Annual
1.01 Elect Daniel F. Akerson MGMT YES WHOLD AGNST
1.02 Elect Charlene Barshefsky MGMT YES WHOLD AGNST
1.03 Elect William G. Bowen MGMT YES WHOLD AGNST
1.04 Elect Ursula M. Burns MGMT YES WHOLD AGNST
1.05 Elect Kenneth I. Chenault MGMT YES WHOLD AGNST
1.06 Elect Peter R. Dolan MGMT YES WHOLD AGNST
1.07 Elect Vernon E. Jordan Jr. MGMT YES WHOLD AGNST
1.08 Elect Jan Leschly MGMT YES WHOLD AGNST
1.09 Elect Richard A. McGinn MGMT YES WHOLD AGNST
1.10 Elect Edward D. Miller MGMT YES WHOLD AGNST
1.11 Elect Frank P. Popoff MGMT YES WHOLD AGNST
1.12 Elect Robert D. Walter MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Director Tenure/Retirement Age SHLDR YES AGNST FOR
4.00 Review Political Spending SHLDR YES AGNST FOR

Amgen Inc AMGN 031162100 5/13/04 Annual
1.01 Elect Frank J. Biondi Jr. MGMT YES WHOLD AGNST
1.02 Elect Jerry D. Choate MGMT YES WHOLD AGNST
1.03 Elect Frank C. Herringer MGMT YES WHOLD AGNST
1.04 Elect Gilbert S. Omenn MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Report on EEO SHLDR YES AGNST FOR
4.00 Expense Stock Options SHLDR YES FOR AGNST

Anthem Inc ATH 03674B104 5/17/04 Annual
1.01 Elect Victor S. Liss MGMT YES WHOLD AGNST
1.02 Elect James W. McDowell, Jr. MGMT YES WHOLD AGNST
1.03 Elect George A. Schaefer Jr. MGMT YES WHOLD AGNST
1.04 Elect Jackie M. Ward MGMT YES WHOLD AGNST

Anthem Inc ATH 03674B104 6/28/04 Special
1.00 Approve Common Stock Issuance MGMT YES FOR FOR
Approve Merger/Acquisition
2.00 Approve Name Change MGMT YES FOR FOR

Applied Materials AMAT 038222105 3/24/04 Annual
1.01 Elect Michael H. Armacost MGMT YES WHOLD AGNST
1.02 Elect Deborah A. Coleman MGMT YES WHOLD AGNST
1.03 Elect Herbert M. Dwight Jr. MGMT YES WHOLD AGNST
1.04 Elect Philip V. Gerdine MGMT YES WHOLD AGNST
1.05 Elect Paul R. Low MGMT YES WHOLD AGNST
1.06 Elect Dan Maydan MGMT YES WHOLD AGNST
1.07 Elect Steven L. Miller MGMT YES WHOLD AGNST
1.08 Elect James C. Morgan MGMT YES WHOLD AGNST
1.09 Elect Gerhard Parker MGMT YES WHOLD AGNST
1.10 Elect Michael R. Splinter MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES FOR FOR
Amend Stock Option Plan
Amend Director Stock Option Plan

Bank Of America BAC 060505104 3/17/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES FOR FOR
4.00 Adjourn Meeting MGMT YES FOR FOR

Bank of America Corp BAC 060505104 5/26/04 Annual
1.01 Elect William Barnet III MGMT YES FOR FOR
1.02 Elect Charles W. Coker MGMT YES FOR FOR
1.03 Elect John T. Collins MGMT YES FOR FOR
1.04 Elect Gary L. Countryman MGMT YES FOR FOR
1.05 Elect Paul Fulton MGMT YES FOR FOR
1.06 Elect Charles K. Gifford MGMT YES FOR FOR
1.07 Elect Donald E. Guinn MGMT YES FOR FOR
1.08 Elect James H. Hance Jr. MGMT YES FOR FOR
1.09 Elect Kenneth D. Lewis MGMT YES FOR FOR
1.10 Elect Walter E. Massey MGMT YES FOR FOR
1.11 Elect J. Thomas May MGMT YES FOR FOR
1.12 Elect C. Steven McMillan MGMT YES FOR FOR
1.13 Elect Eugene M. McQuade MGMT YES FOR FOR
1.14 Elect Patricia E. Mitchell MGMT YES FOR FOR
1.15 Elect Edward L. Romero MGMT YES FOR FOR
1.16 Elect Thomas M. Ryan MGMT YES FOR FOR
1.17 Elect O. Temple Sloan Jr. MGMT YES FOR FOR
1.18 Elect Meredith R. Spangler MGMT YES FOR FOR
1.19 Elect Jackie M. Ward MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Change Annual Meeting Date SHLDR YES AGNST FOR
4.00 Double Board Nominees SHLDR YES AGNST FOR
5.00 Limit or End Charitable Giving SHLDR YES AGNST FOR
6.00 Mutual Funds Review Committee SHLDR YES AGNST FOR
7.00 Ensure Customer Privacy SHLDR YES AGNST FOR

Berkshire Hathaway 084670207 5/1/04 Annual
1.01 Elect Warren E. Buffett MGMT YES WHOLD AGNST
1.02 Elect Charles T. Munger MGMT YES WHOLD AGNST
1.03 Elect Susan T. Buffett MGMT YES WHOLD AGNST
1.04 Elect Howard G. Buffett MGMT YES WHOLD AGNST
1.05 Elect Malcolm G. Chace III MGMT YES WHOLD AGNST
1.06 Elect David S. Gottesman MGMT YES WHOLD AGNST
1.07 Elect Charlotte Guyman MGMT YES WHOLD AGNST
1.08 Elect Donald R. Keough MGMT YES WHOLD AGNST
1.09 Elect Thomas S. Murphy MGMT YES WHOLD AGNST
1.10 Elect Ronald L. Olson MGMT YES WHOLD AGNST
1.11 Elect Walter Scott Jr. MGMT YES WHOLD AGNST
2.00 Review Political Spending SHLDR YES AGNST FOR

Boeing BA 097023105 5/3/04 Annual
1.01 Elect John H. Biggs MGMT YES WHOLD AGNST
1.02 Elect John E. Bryson MGMT YES WHOLD AGNST
1.03 Elect Linda Z. Cook MGMT YES WHOLD AGNST
1.04 Elect Rozanne L. Ridgway MGMT YES WHOLD AGNST
2.00 Eliminate Supermajority Requirement MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Review Military Contracting Criteria SHLDR YES AGNST FOR
5.00 Develop/Report on Human Rights Policy SHLDR YES AGNST FOR
6.00 Repeal Classified Board SHLDR YES AGNST FOR
7.00 Eliminate Supermajority Provision SHLDR YES FOR AGNST
8.00 Golden Parachutes SHLDR YES AGNST FOR
9.00 Require Option Shares to Be Held SHLDR YES AGNST FOR
10.00 Provide Pension Choices SHLDR YES AGNST FOR

Boston Scientific BSX 101137107 10/6/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

Broadcom BRCM 111320107 4/29/04 Annual
1.01 Elect George L. Farinsky MGMT YES FOR FOR
1.02 Elect John E. Major MGMT YES FOR FOR
1.03 Elect Alan E. Ross MGMT YES FOR FOR
1.04 Elect Henry Samueli MGMT YES FOR FOR
1.05 Elect Robert E. Switz MGMT YES FOR FOR
1.06 Elect Werner F. Wolfen MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Burlington Resources BR 122014103 4/21/04 Annual
1.01 Elect Barbara T. Alexander MGMT YES WHOLD AGNST
1.02 Elect Reuben V. Anderson MGMT YES WHOLD AGNST
1.03 Elect Laird I. Grant MGMT YES WHOLD AGNST
1.04 Elect Robert J. Harding MGMT YES WHOLD AGNST
1.05 Elect John T. LaMacchia MGMT YES WHOLD AGNST
1.06 Elect Randy L. Limbacher MGMT YES WHOLD AGNST
1.07 Elect James F. McDonald MGMT YES WHOLD AGNST
1.08 Elect Kenneth W. Orce MGMT YES WHOLD AGNST
1.09 Elect Donald M. Roberts MGMT YES WHOLD AGNST
1.10 Elect James A. Runde MGMT YES WHOLD AGNST
1.11 Elect John F. Schwarz MGMT YES WHOLD AGNST
1.12 Elect Walter Scott Jr. MGMT YES WHOLD AGNST
1.13 Elect Bobby S. Shackouls MGMT YES WHOLD AGNST
1.14 Elect Steven J. Shapiro MGMT YES WHOLD AGNST
1.15 Elect William E. Wade Jr. MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Capital One Financial COF 14040H105 4/29/04 Annual
1.01 Elect W. Ronald Dietz MGMT YES WHOLD AGNST
1.02 Elect Lewis Hay III MGMT YES WHOLD AGNST
1.03 Elect Mayo A. Shattuck III MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Caremark Rx CMX 141705103 5/4/04 Annual
1.01 Elect Edwin M. Banks MGMT YES WHOLD AGNST
1.02 Elect Colleen Conway-Welch MGMT YES WHOLD AGNST
1.03 Elect Roger L. Headrick MGMT YES WHOLD AGNST
1.04 Elect Jean-Pierre Millon MGMT YES WHOLD AGNST

Carnival Corp CCL 143658300 4/22/04 Annual
1.01 Elect Micky Arison MGMT YES FOR FOR
1.02 Elect Richard G. Capen Jr. MGMT YES FOR FOR
1.03 Elect Robert H. Dickinson MGMT YES FOR FOR
1.04 Elect Arnold W. Donald MGMT YES FOR FOR
1.05 Elect Pier Luigi Foschi MGMT YES FOR FOR
1.06 Elect Howard S. Frank MGMT YES FOR FOR
1.07 Elect Sarah Hogg MGMT YES FOR FOR
1.08 Elect A. Kirk Lanterman MGMT YES FOR FOR
1.09 Elect Modesto A. Maidique MGMT YES FOR FOR
1.10 Elect John P. McNulty MGMT YES FOR FOR
1.11 Elect Peter Ratcliffe MGMT YES FOR FOR
1.12 Elect John Parker MGMT YES FOR FOR
1.13 Elect Stuart Subotnick MGMT YES FOR FOR
1.14 Elect Uzi Zucker MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Set Auditors' Fees MGMT YES FOR FOR
4.00 Approve Financial Statements MGMT YES FOR FOR
5.00 Approve Remuneration Policy MGMT YES FOR FOR
6.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
7.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR

Caterpillar CAT 149123101 4/14/04 Annual
1.01 Elect John T. Dillon MGMT YES WHOLD AGNST
1.02 Elect Juan Gallardo MGMT YES WHOLD AGNST
1.03 Elect William A. Osborn MGMT YES WHOLD AGNST
1.04 Elect Gordon R. Parker MGMT YES WHOLD AGNST
1.05 Elect Edward B. Rust Jr. MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES FOR FOR
Amend Stock Option Plan
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR
5.00 Review Operations' Impact on Local Groups SHLDR YES AGNST FOR
6.00 Review AIDS Pandemic's Impact on Company SHLDR YES AGNST FOR

Cisco Systems CSCO 17275R102 11/11/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Misc. Human/Political Rights Proposal SHLDR YES AGNST FOR
5.00 Restrict Executive Compensation SHLDR YES AGNST FOR

CIT Group Inc CIT 125581108 5/12/04 Annual
1.01 Elect Albert R. Gamper Jr. MGMT YES FOR FOR
1.02 Elect Gary C. Butler MGMT YES FOR FOR
1.03 Elect William A. Farlinger MGMT YES FOR FOR
1.04 Elect William M. Freeman MGMT YES FOR FOR
1.05 Elect Thomas H. Kean MGMT YES FOR FOR
1.06 Elect Edward J. Kelly III MGMT YES FOR FOR
1.07 Elect Marianne Miller Parrs MGMT YES FOR FOR
1.08 Elect Jeffrey M. Peek MGMT YES FOR FOR
1.09 Elect John R. Ryan MGMT YES FOR FOR
1.10 Elect Peter J. Tobin MGMT YES FOR FOR
1.11 Elect Lois M. Van Deusen MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Citigroup C 172967101 4/20/04 Annual
1.01 Elect C. Michael Armstrong MGMT YES FOR FOR
1.02 Elect Alain J.P. Belda MGMT YES FOR FOR
1.03 Elect George David MGMT YES FOR FOR
1.04 Elect Kenneth T. Derr MGMT YES FOR FOR
1.05 Elect John M. Deutch MGMT YES FOR FOR
1.06 Elect Roberto H. Ramirez MGMT YES FOR FOR
1.07 Elect Ann Dibble Jordan MGMT YES FOR FOR
1.08 Elect Dudley C. Mecum II MGMT YES FOR FOR
1.09 Elect Richard D. Parsons MGMT YES FOR FOR
1.10 Elect Andrall E. Pearson MGMT YES FOR FOR
1.11 Elect Charles Prince MGMT YES FOR FOR
1.12 Elect Robert E. Rubin MGMT YES FOR FOR
1.13 Elect Franklin A. Thomas MGMT YES FOR FOR
1.14 Elect Sanford I. Weill MGMT YES FOR FOR
1.15 Elect Robert B. Willumstad MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES AGNST FOR
4.00 Review Political Spending SHLDR YES AGNST FOR
5.00 Restrict Executive Compensation SHLDR YES AGNST FOR
6.00 Independent Board Chairman SHLDR YES AGNST FOR

Coach COH 189754104 11/5/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

Coca-Cola KO 191216100 4/21/04 Annual
1.01 Elect Herbert A. Allen MGMT YES FOR FOR
1.02 Elect Ronald W. Allen MGMT YES FOR FOR
1.03 Elect Cathleen P. Black MGMT YES FOR FOR
1.04 Elect Warren E. Buffett MGMT YES FOR FOR
1.05 Elect Douglas N. Daft MGMT YES FOR FOR
1.06 Elect Barry Diller MGMT YES FOR FOR
1.07 Elect Donald R. Keough MGMT YES FOR FOR
1.08 Elect Susan B. King MGMT YES FOR FOR
1.09 Elect Maria Elena Lagomasino MGMT YES FOR FOR
1.10 Elect Donald F. McHenry MGMT YES FOR FOR
1.11 Elect Robert L. Nardelli MGMT YES FOR FOR
1.12 Elect Samuel A. Nunn Jr. MGMT YES FOR FOR
1.13 Elect J. Pedro Reinhard MGMT YES FOR FOR
1.14 Elect James D. Robinson III MGMT YES FOR FOR
1.15 Elect Peter V. Ueberroth MGMT YES FOR FOR
1.16 Elect James B. Williams MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review AIDS Pandemic's Impact on Company SHLDR YES FOR FOR
4.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
5.00 Restrict Executive Compensation SHLDR YES AGNST FOR
6.00 Restrict Executive Compensation SHLDR YES FOR AGNST
7.00 Shareholder Approval of Deferred Plan SHLDR YES AGNST FOR
8.00 China--Adopt Code of Conduct SHLDR YES AGNST FOR
9.00 Independent Board Chairman SHLDR YES AGNST FOR

Computer Associates International CA 204912109 8/27/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Adopt Deferred Compensation Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Corning GLW 219350105 4/29/04 Annual
1.01 Elect Jeremy R. Knowles MGMT YES WHOLD AGNST
1.02 Elect Eugene C. Sit MGMT YES WHOLD AGNST
1.03 Elect William D. Smithburg MGMT YES WHOLD AGNST
1.04 Elect Hansel E. Tookes II MGMT YES WHOLD AGNST
1.05 Elect Wendell P. Weeks MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Golden Parachutes SHLDR YES FOR AGNST

Deere DE 244199105 2/25/04 Annual
1.01 Elect Robert W. Lane MGMT YES FOR FOR
1.02 Elect Antonio Madero MGMT YES FOR FOR
1.03 Elect Aulana L. Peters MGMT YES FOR FOR
1.04 Elect John R. Walter MGMT YES FOR FOR

Dell DELL 24702R101 7/18/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Repeal Classified Board MGMT YES FOR FOR
3.00 Approve Name Change MGMT YES FOR FOR
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Disney (Walt) DIS 254687106 3/3/04 Annual
1.01 Elect John E. Bryson MGMT YES FOR FOR
1.02 Elect John S. Chen MGMT YES FOR FOR
1.03 Elect Michael D. Eisner MGMT YES FOR FOR
1.04 Elect Judith L. Estrin MGMT YES FOR FOR
1.05 Elect Robert A. Iger MGMT YES FOR FOR
1.06 Elect Aylwin B. Lewis MGMT YES FOR FOR
1.07 Elect Monica C. Lozano MGMT YES FOR FOR
1.08 Elect Robert W. Matschullat MGMT YES FOR FOR
1.09 Elect George J. Mitchell MGMT YES FOR FOR
1.10 Elect Leo J. O'Donovan MGMT YES FOR FOR
1.11 Elect Gary L. Wilson MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Code of Conduct for China Operations SHLDR YES AGNST FOR
4.00 Review Labor Standards in China Operations SHLDR YES AGNST FOR
5.00 Report on Amusement Park Safety Policy SHLDR YES AGNST FOR

Dow Chemical DOW 260543103 5/13/04 Annual
1.01 Elect Arnold A. Allemang MGMT YES FOR FOR
1.02 Elect John C. Danforth MGMT YES FOR FOR
1.03 Elect Jeff M. Fettig MGMT YES FOR FOR
1.04 Elect Andrew N. Liveris MGMT YES FOR FOR
1.05 Elect James M. Ringler MGMT YES FOR FOR
1.06 Elect William S. Stavropoulos MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board MGMT YES FOR FOR
4.00 Report on Environmental Impact or Plans SHLDR YES AGNST FOR

EMC EMC 268648102 5/5/04 Annual
1.01 Elect John R. Egan MGMT YES WHOLD AGNST
1.02 Elect Michael C. Ruettgers MGMT YES WHOLD AGNST
1.03 Elect David N. Strohm MGMT YES WHOLD AGNST
2.00 Amend Stock Option Plan MGMT YES FOR FOR
Add Shares to Stock Option Plan
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

EOG Resources EOG 26875P101 5/4/04 Annual
1.01 Elect George A. Alcorn MGMT YES FOR FOR
1.02 Elect Charles R Crisp MGMT YES FOR FOR
1.03 Elect Mark G. Papa MGMT YES FOR FOR
1.04 Elect Edmund P. Segner III MGMT YES FOR FOR
1.05 Elect Donald F. Textor MGMT YES FOR FOR
1.06 Elect Frank G. Wisner MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Stock Option Plan
4.00 Approve Other Business MGMT YES FOR FOR

Exxon Mobil Corp XOM 30231G102 5/26/04 Annual
1.01 Elect Michael J. Boskin MGMT YES FOR FOR
1.02 Elect James R. Houghton MGMT YES FOR FOR
1.03 Elect William R. Howell MGMT YES FOR FOR
1.04 Elect Reatha Clark King MGMT YES FOR FOR
1.05 Elect Philip E. Lippincott MGMT YES FOR FOR
1.06 Elect Harry J. Longwell MGMT YES FOR FOR
1.07 Elect Henry A. McKinnell Jr. MGMT YES FOR FOR
1.08 Elect Marilyn Carlson Nelson MGMT YES FOR FOR
1.09 Elect Lee R. Raymond MGMT YES FOR FOR
1.10 Elect Walter V. Shipley MGMT YES FOR FOR
1.11 Elect Rex W. Tillerson MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Director Stock Award Plan MGMT YES FOR FOR
4.00 Affirm Political Nonpartisanship SHLDR YES AGNST FOR
5.00 Review Political Spending SHLDR YES AGNST FOR
6.00 Review Operations' Impact on Local Groups SHLDR YES AGNST FOR
7.00 Independent Board Chairman SHLDR YES AGNST FOR
8.00 Restrict Executive Compensation SHLDR YES FOR AGNST
9.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
10.00 Adopt Sexual Orientation Anti-Bias Policy SHLDR YES AGNST FOR
11.00 Report or Take Action on Climate Change SHLDR YES AGNST FOR

Federal Home Loan Mortgage FRE 313400301 3/31/04 Annual
1.01 Elect Joan E. Donaghue MGMT YES FOR FOR
1.02 Elect Michelle Engler MGMT YES FOR FOR
1.03 Elect Richard Karl Goeltz MGMT YES FOR FOR
1.04 Elect George D. Gould MGMT YES FOR FOR
1.05 Elect Henry Kaufman MGMT YES FOR FOR
1.06 Elect John B. McCoy MGMT YES FOR FOR
1.07 Elect Shaun F. O'Malley MGMT YES FOR FOR
1.08 Elect Ronald F. Poe MGMT YES FOR FOR
1.09 Elect Stephen A. Ross MGMT YES FOR FOR
1.10 Elect Donald J. Schuenke MGMT YES FOR FOR
1.11 Elect Christina Seix MGMT YES FOR FOR
1.12 Elect Richard F. Syron MGMT YES FOR FOR
1.13 Elect William J. Turner MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Federated Dept Stores FD 31410H101 5/21/04 Annual
1.01 Elect Sara L. Levinson MGMT YES WHOLD AGNST
1.02 Elect Joseph Neubauer MGMT YES WHOLD AGNST
1.03 Elect Joseph A. Pichler MGMT YES WHOLD AGNST
1.04 Elect Karl M. von der Heyden MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Repeal Classified Board SHLDR YES AGNST FOR

FedEx FDX 31428X106 9/29/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Repeal Classified Board SHLDR YES AGNST FOR

Genentech DNA 368710406 4/16/04 Annual
1.00 Approve Board Size MGMT YES FOR FOR
2.01 Elect Herbert W. Boyer MGMT YES WHOLD AGNST
2.02 Elect Arthur D. Levinson MGMT YES FOR FOR
2.03 Elect Mark Richmond MGMT YES FOR FOR
2.04 Elect Charles A. Sanders MGMT YES FOR FOR
2.05 Elect William M. Burns MGMT YES WHOLD AGNST
2.06 Elect Erich Hunziker MGMT YES WHOLD AGNST
2.07 Elect Jonathan K. C. Knowles MGMT YES WHOLD AGNST
3.00 Increase Authorized Common Stock MGMT YES FOR FOR
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

General Electric GE 369604103 4/28/04 Annual
1.01 Elect James I. Cash Jr. MGMT YES FOR FOR
1.02 Elect Dennis D. Dammerman MGMT YES FOR FOR
1.03 Elect Ann M. Fudge MGMT YES FOR FOR
1.04 Elect Claudio X. Gonzalez Laporte MGMT YES FOR FOR
1.05 Elect Jeffrey R. Immelt MGMT YES FOR FOR
1.06 Elect Andrea Jung MGMT YES FOR FOR
1.07 Elect Alan G. Lafley MGMT YES FOR FOR
1.08 Elect Kenneth G. Langone MGMT YES FOR FOR
1.09 Elect Ralph S. Larsen MGMT YES FOR FOR
1.10 Elect Rochelle B. Lazarus MGMT YES FOR FOR
1.11 Elect Samuel A. Nunn Jr. MGMT YES FOR FOR
1.12 Elect Roger S. Penske MGMT YES FOR FOR
1.13 Elect Robert J. Swieringa MGMT YES FOR FOR
1.14 Elect Douglas A. Warner III MGMT YES FOR FOR
1.15 Elect Robert C. Wright MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Amend Long-term Bonus Plan MGMT YES FOR FOR
4.00 Adopt Cumulative Voting SHLDR YES AGNST FOR
5.00 Review or Promote Animal Welfare SHLDR YES AGNST FOR
6.00 Review Nuclear Facility/Waste SHLDR YES AGNST FOR
7.00 Report on Environmental Impact or Plans SHLDR YES AGNST FOR
8.00 Report on Risk to Image of Globalization Strate SHLDR YES AGNST
FOR
9.00 Report on Sustainability SHLDR YES AGNST FOR
10.00 Increase Comp Committee Independence SHLDR YES FOR AGNST
11.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
12.00 Restrict Executive Compensation SHLDR YES FOR AGNST
13.00 Limit Number of Directorships SHLDR YES AGNST FOR
14.00 Independent Board Chairman SHLDR YES AGNST FOR
15.00 Study Sale or Spin-off SHLDR YES AGNST FOR
16.00 Require Option Shares to Be Held SHLDR YES AGNST FOR
17.00 Increase Board Independence SHLDR YES FOR AGNST
18.00 Review Political Spending SHLDR YES AGNST FOR

Gillette Co G 375766102 5/20/04 Annual
1.01 Elect Edward F. DeGraan MGMT YES FOR FOR
1.02 Elect Wilbur H. Gantz MGMT YES FOR FOR
1.03 Elect James M. Kilts MGMT YES FOR FOR
1.04 Elect Jorge Paulo Lemann MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Repeal Classified Board SHLDR YES AGNST FOR
5.00 Limit Consulting by Auditors SHLDR YES AGNST FOR
6.00 Expense Stock Options SHLDR YES FOR AGNST

Goldman Sachs Group GS 38141G104 3/31/04 Annual
1.01 Elect John P. Browne of Madingley MGMT YES WHOLD AGNST
1.02 Elect Claes Dahlback MGMT YES WHOLD AGNST
1.03 Elect James A. Johnson MGMT YES WHOLD AGNST
1.04 Elect Lois D. Juliber MGMT YES WHOLD AGNST
1.05 Elect Lloyd C. Blankfein MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES AGNST FOR

Guidant Corp GDT 401698105 5/18/04 Annual
1.01 Elect Maurice A. Cox Jr. MGMT YES WHOLD AGNST
1.02 Elect Nancy-Ann DeParle MGMT YES WHOLD AGNST
1.03 Elect Ronald W. Dollens MGMT YES WHOLD AGNST
1.04 Elect Enrique C. Falla MGMT YES WHOLD AGNST
1.05 Elect Kristina M. Johnson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Expense Stock Options SHLDR YES FOR AGNST

Hewlett-Packard HPQ 428236103 3/17/04 Annual
1.01 Elect Lawrence T. Babbio Jr. MGMT YES FOR FOR
1.02 Elect Patricia C. Dunn MGMT YES FOR FOR
1.03 Elect Carleton S. Fiorina MGMT YES FOR FOR
1.04 Elect Richard A. Hackborn MGMT YES FOR FOR
1.05 Elect George A. Keyworth II MGMT YES FOR FOR
1.06 Elect Robert E. Knowling Jr. MGMT YES FOR FOR
1.07 Elect Sanford M. Litvack MGMT YES FOR FOR
1.08 Elect Robert L. Ryan MGMT YES FOR FOR
1.09 Elect Lucille S. Salhany MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Expense Stock Options SHLDR YES FOR AGNST

Home Depot Inc HD 437076102 5/27/04 Annual
1.01 Elect Gregory D. Brenneman MGMT YES FOR FOR
1.02 Elect Richard H. Brown MGMT YES FOR FOR
1.03 Elect John L. Clendenin MGMT YES FOR FOR
1.04 Elect Berry R. Cox MGMT YES FOR FOR
1.05 Elect Claudio X. Gonzalez Laporte MGMT YES FOR FOR
1.06 Elect Milledge A. Hart III MGMT YES FOR FOR
1.07 Elect Bonnie Guiton Hill MGMT YES FOR FOR
1.08 Elect Kenneth G. Langone MGMT YES FOR FOR
1.09 Elect Robert L. Nardelli MGMT YES FOR FOR
1.10 Elect Roger S. Penske MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Director Tenure/Retirement Age SHLDR YES AGNST FOR
4.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Monitor/Adopt ILO Conventions SHLDR YES AGNST FOR
7.00 Golden Parachutes SHLDR YES AGNST FOR
8.00 Require Majority Vote to Elect Directors SHLDR YES AGNST FOR

Honeywell International HON 438516106 4/26/04 Annual
1.01 Elect James J. Howard MGMT YES WHOLD AGNST
1.02 Elect Bruce Karatz MGMT YES WHOLD AGNST
1.03 Elect Russell E. Palmer MGMT YES WHOLD AGNST
1.04 Elect Ivan G. Seidenberg MGMT YES WHOLD AGNST
1.05 Elect Eric K. Shinseki MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES AGNST FOR
4.00 Eliminate Supermajority Provision SHLDR YES FOR AGNST
5.00 Golden Parachutes SHLDR YES FOR AGNST
6.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
7.00 Adopt Cumulative Voting SHLDR YES AGNST FOR

Intel Corp INTC 458140100 5/19/04 Annual
1.01 Elect Craig R. Barrett MGMT YES FOR FOR
1.02 Elect Charlene Barshefsky MGMT YES FOR FOR
1.03 Elect E. John P. Browne MGMT YES FOR FOR
1.04 Elect Andrew S. Grove MGMT YES FOR FOR
1.05 Elect D. James Guzy MGMT YES FOR FOR
1.06 Elect Reed E. Hundt MGMT YES FOR FOR
1.07 Elect Paul S. Otellini MGMT YES FOR FOR
1.08 Elect David S. Pottruck MGMT YES FOR FOR
1.09 Elect Jane E. Shaw MGMT YES FOR FOR
1.10 Elect John L. Thornton MGMT YES FOR FOR
1.11 Elect David B. Yoffie MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Expense Stock Options SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Award Performance-based Stock Options SHLDR YES AGNST FOR

International Business Machines IBM 459200101 4/27/04 Annual
1.01 Elect Cathleen P. Black MGMT YES WHOLD AGNST
1.02 Elect Kenneth I. Chenault MGMT YES WHOLD AGNST
1.03 Elect Carlos Ghosn MGMT YES WHOLD AGNST
1.04 Elect Nannerl O. Keohane MGMT YES WHOLD AGNST
1.05 Elect Charles F. Knight MGMT YES WHOLD AGNST
1.06 Elect Lucio A. Noto MGMT YES WHOLD AGNST
1.07 Elect Samuel J. Palmisano MGMT YES WHOLD AGNST
1.08 Elect John B. Slaughter MGMT YES WHOLD AGNST
1.09 Elect Joan E. Spero MGMT YES WHOLD AGNST
1.10 Elect Sidney Taurel MGMT YES WHOLD AGNST
1.11 Elect Charles M. Vest MGMT YES WHOLD AGNST
1.12 Elect Lorenzo H. Zambrano MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Ratify Auditors for Business Unit MGMT YES FOR FOR
4.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
5.00 Adopt Cumulative Voting SHLDR YES AGNST FOR
6.00 Provide Pension Choices SHLDR YES AGNST FOR
7.00 Pension Fund Surplus SHLDR YES AGNST FOR
8.00 Expense Stock Options SHLDR YES FOR AGNST
9.00 Disclose Executive Compensation SHLDR YES AGNST FOR
10.00 China--Adopt Code of Conduct SHLDR YES AGNST FOR
11.00 Review Political Spending SHLDR YES AGNST FOR
12.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Interpublic Group of Cos IPG 460690100 5/18/04 Annual
1.01 Elect David A. Bell MGMT YES FOR FOR
1.02 Elect Frank J. Borelli MGMT YES FOR FOR
1.03 Elect Reginald K. Brack Jr. MGMT YES FOR FOR
1.04 Elect Jill M. Considine MGMT YES FOR FOR
1.05 Elect Christopher J. Coughlin MGMT YES FOR FOR
1.06 Elect John J. Dooner Jr. MGMT YES FOR FOR
1.07 Elect Richard A. Goldstein MGMT YES FOR FOR
1.08 Elect H. John Greeniaus MGMT YES FOR FOR
1.09 Elect Michael I. Roth MGMT YES FOR FOR
1.10 Elect J. Phillip Samper MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR
5.00 Review or Implement MacBride Principles SHLDR YES AGNST FOR

J P Morgan Chase & Co JPM 46625H100 5/25/04 Annual
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance
2.01 Elect Hans W. Becherer MGMT YES FOR FOR
2.02 Elect Frank A. Bennack Jr. MGMT YES FOR FOR
2.03 Elect John H. Biggs MGMT YES FOR FOR
2.04 Elect Lawrence A. Bossidy MGMT YES FOR FOR
2.05 Elect Ellen V. Futter MGMT YES FOR FOR
2.06 Elect William H. Gray III MGMT YES FOR FOR
2.07 Elect William B. Harrison Jr. MGMT YES FOR FOR
2.08 Elect Helene L. Kaplan MGMT YES FOR FOR
2.09 Elect Lee R. Raymond MGMT YES FOR FOR
2.10 Elect John R. Stafford MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
5.00 Adjourn Meeting MGMT YES FOR FOR
6.00 Director Tenure/Retirement Age SHLDR YES AGNST FOR
7.00 Limit or End Charitable Giving SHLDR YES AGNST FOR
8.00 Review Political Spending SHLDR YES AGNST FOR
9.00 Independent Board Chairman SHLDR YES AGNST FOR
10.00 Failure to Disclose Derivatives SHLDR YES AGNST FOR
11.00 Limit Consulting by Auditors SHLDR YES AGNST FOR
12.00 Restrict Director Compensation SHLDR YES AGNST FOR
13.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR

Johnson & Johnson JNJ 478160104 4/22/04 Annual
1.01 Elect Gerard N. Burrow MGMT YES FOR FOR
1.02 Elect Mary S. Coleman MGMT YES FOR FOR
1.03 Elect James G. Cullen MGMT YES FOR FOR
1.04 Elect Robert J. Darretta MGMT YES FOR FOR
1.05 Elect M. Judah Folkman MGMT YES FOR FOR
1.06 Elect Ann Dibble Jordan MGMT YES FOR FOR
1.07 Elect Arnold G. Langbo MGMT YES FOR FOR
1.08 Elect Susan L. Lindquist MGMT YES FOR FOR
1.09 Elect Leo F. Mullin MGMT YES FOR FOR
1.10 Elect Steven S. Reinemund MGMT YES FOR FOR
1.11 Elect David Satcher MGMT YES FOR FOR
1.12 Elect Henry B. Schacht MGMT YES FOR FOR
1.13 Elect William C. Weldon MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Limit or End Charitable Giving SHLDR YES AGNST FOR

Lauder (Estee) -Cl A EL 518439104 11/5/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Lexmark International LXK 529771107 4/22/04 Annual
1.01 Elect Frank T. Cary MGMT YES WHOLD AGNST
1.02 Elect Paul J. Curlander MGMT YES WHOLD AGNST
1.03 Elect Martin D. Walker MGMT YES WHOLD AGNST
1.04 Elect James F. Hardymon MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Marathon Oil MRO 565849106 4/28/04 Annual
1.01 Elect Charles F. Bolden Jr. MGMT YES WHOLD AGNST
1.02 Elect Charles R. Lee MGMT YES WHOLD AGNST
1.03 Elect Dennis H. Reilley MGMT YES WHOLD AGNST
1.04 Elect Thomas J. Usher MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Report or Take Action on Climate Change SHLDR YES AGNST FOR
4.00 Golden Parachutes SHLDR YES FOR AGNST

Maxim Integrated Products MXIM 57772K101 11/13/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

McDonald's Corp MCD 580135101 5/20/04 Annual
1.01 Elect Edward A. Brennan MGMT YES FOR FOR
1.02 Elect Walter E. Massey MGMT YES FOR FOR
1.03 Elect John W. Rogers Jr. MGMT YES FOR FOR
1.04 Elect Anne-Marie Slaughter MGMT YES FOR FOR
1.05 Elect Roger W. Stone MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES FOR FOR
Amend Stock Option Plan
4.00 Approve Long-Term Bonus Plan MGMT YES FOR FOR
Approve Annual Bonus Plan

MeadWestvaco MWV 583334107 4/27/04 Annual
1.01 Elect William E. Hoglund MGMT YES WHOLD AGNST
1.02 Elect Douglas S. Luke MGMT YES WHOLD AGNST
1.03 Elect Robert C. McCormack MGMT YES WHOLD AGNST
1.04 Elect Jane L. Warner MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Medtronic MDT 585055106 8/28/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Mellon Financial MEL 58551A108 4/20/04 Annual
1.01 Elect Jared L. Cohon MGMT YES WHOLD AGNST
1.02 Elect Ira J. Gumberg MGMT YES WHOLD AGNST
1.03 Elect Martin G. McGuinn MGMT YES WHOLD AGNST
1.04 Elect David S. Shapira MGMT YES WHOLD AGNST
1.05 Elect John P. Surma MGMT YES WHOLD AGNST
1.06 Elect Edward J. McAniff MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Merck MRK 589331107 4/27/04 Annual
1.01 Elect Peter C. Wendell MGMT YES WHOLD AGNST
1.02 Elect William G. Bowen MGMT YES WHOLD AGNST
1.03 Elect William M. Daley MGMT YES WHOLD AGNST
1.04 Elect Thomas E. Shenk MGMT YES WHOLD AGNST
1.05 Elect Wendell P. Weeks MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board MGMT YES FOR FOR
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST
5.00 Develop Ethical Criteria for Patent Extension SHLDR YES AGNST
FOR
6.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
7.00 Review Political Spending SHLDR YES AGNST FOR
8.00 Review AIDS Pandemic's Impact on Company SHLDR YES AGNST FOR

Merrill Lynch MER 590188108 4/23/04 Annual
1.01 Elect David K. Newbigging MGMT YES WHOLD AGNST
1.02 Elect J.W. Prueher MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Cumulative Voting SHLDR YES AGNST FOR
4.00 Independent Board Chairman SHLDR YES AGNST FOR

Microsoft MSFT 594918104 11/11/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Amend Stock Option Plan MGMT YES FOR FOR
3.00 Amend Director Stock Option Plan MGMT YES FOR FOR
4.00 Limit or End Charitable Giving SHLDR YES AGNST FOR

Monsanto MON 61166W101 1/29/04 Annual
1.01 Elect Frank V. Atlee III MGMT YES FOR FOR
1.02 Elect Gwendolyn S. King MGMT YES WHOLD AGNST
1.03 Elect Sharon R. Long MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES FOR FOR
4.00 Report On Gene-engineered Plants SHLDR YES AGNST FOR
5.00 Report On Pesticides Banned In U.s. SHLDR YES AGNST FOR
6.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST

Morgan Stanley MWD 617446448 4/20/04 Annual
1.01 Elect John W. Madigan MGMT YES WHOLD AGNST
1.02 Elect Klaus Zumwinkel MGMT YES WHOLD AGNST
1.03 Elect Howard Davies MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES AGNST FOR
4.00 Golden Parachutes SHLDR YES AGNST FOR
5.00 Review Political Spending SHLDR YES AGNST FOR

Motorola MOT 620076109 5/3/04 Annual
1.01 Elect Edward J. Zander MGMT YES WHOLD AGNST
1.02 Elect H. Laurance Fuller MGMT YES WHOLD AGNST
1.03 Elect Judy C. Lewent MGMT YES WHOLD AGNST
1.04 Elect Walter E. Massey MGMT YES WHOLD AGNST
1.05 Elect Nicholas Negroponte MGMT YES WHOLD AGNST
1.06 Elect Indra K. Nooyi MGMT YES WHOLD AGNST
1.07 Elect John E. Pepper Jr. MGMT YES WHOLD AGNST
1.08 Elect Samuel C. Scott III MGMT YES WHOLD AGNST
1.09 Elect Douglas A. Warner III MGMT YES WHOLD AGNST
1.10 Elect John A. White MGMT YES WHOLD AGNST
1.11 Elect Mike S. Zafirovski MGMT YES WHOLD AGNST
2.00 Restrict Executive Compensation SHLDR YES FOR AGNST
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Nextel Communications NXTL 65332V103 5/27/04 Annual
1.01 Elect Keith Bane MGMT YES FOR FOR
1.02 Elect Janet Hill MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST

Pfizer PFE 717081103 4/22/04 Annual
1.01 Elect Michael S. Brown MGMT YES WHOLD AGNST
1.02 Elect M. Anthony Burns MGMT YES WHOLD AGNST
1.03 Elect Robert N. Burt MGMT YES WHOLD AGNST
1.04 Elect W. Don Cornwell MGMT YES WHOLD AGNST
1.05 Elect William H. Gray III MGMT YES WHOLD AGNST
1.06 Elect Constance J. Horner MGMT YES WHOLD AGNST
1.07 Elect William R. Howell MGMT YES WHOLD AGNST
1.08 Elect Stanley O. Ikenberry MGMT YES WHOLD AGNST
1.09 Elect George A. Lorch MGMT YES WHOLD AGNST
1.10 Elect Henry A. McKinnell Jr. MGMT YES WHOLD AGNST
1.11 Elect Dana G. Mead MGMT YES WHOLD AGNST
1.12 Elect Franklin D. Raines MGMT YES WHOLD AGNST
1.13 Elect Ruth J. Simmons MGMT YES WHOLD AGNST
1.14 Elect William C. Steere Jr. MGMT YES WHOLD AGNST
1.15 Elect Jean-Paul Valles MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Review AIDS Pandemic's Impact on Company SHLDR YES AGNST FOR
5.00 Limit or End Political Spending SHLDR YES AGNST FOR
6.00 Review Political Spending SHLDR YES AGNST FOR
7.00 Director Tenure/Retirement Age SHLDR YES AGNST FOR
8.00 Review Drug Pricing or Distribution SHLDR YES AGNST FOR
9.00 Restrict Executive Compensation SHLDR YES FOR AGNST
10.00 Review or Promote Animal Welfare SHLDR YES AGNST FOR

Phelps Dodge Corp PD 717265102 5/28/04 Annual
1.01 Elect Marie L. Knowles MGMT YES FOR FOR
1.02 Elect Jon C. Madonna MGMT YES FOR FOR
1.03 Elect Gordon R. Parker MGMT YES FOR FOR
1.04 Elect Robert D. Johnson MGMT YES FOR FOR
2.00 Limit or End Charitable Giving SHLDR YES AGNST FOR

Ross Stores Inc ROST 778296103 5/20/04 Annual
1.01 Elect Michael J. Bush MGMT YES WHOLD AGNST
1.02 Elect Norman A. Ferber MGMT YES WHOLD AGNST
1.03 Elect James C. Peters MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Schering-Plough SGP 806605101 4/27/04 Annual
1.01 Elect Fred Hassan MGMT YES WHOLD AGNST
1.02 Elect Philip Leder MGMT YES WHOLD AGNST
1.03 Elect Eugene R. McGrath MGMT YES WHOLD AGNST
1.04 Elect Richard de J. Osborne MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR

SLM Corp SLM 78442P106 5/13/04 Annual
1.01 Elect Charles L. Daley MGMT YES FOR FOR
1.02 Elect William M. Diefenderfer III MGMT YES FOR FOR
1.03 Elect Thomas J. Fitzpatrick MGMT YES FOR FOR
1.04 Elect Edward A. Fox MGMT YES FOR FOR
1.05 Elect Diane S. Gilleland MGMT YES FOR FOR
1.06 Elect Earl A. Goode MGMT YES FOR FOR
1.07 Elect Anne Torre Grant MGMT YES FOR FOR
1.08 Elect Ronald F. Hunt MGMT YES FOR FOR
1.09 Elect Benjamin J. Lambert III MGMT YES FOR FOR
1.10 Elect Albert L. Lord MGMT YES FOR FOR
1.11 Elect Barry Munitz MGMT YES FOR FOR
1.12 Elect A. Alexander Porter Jr. MGMT YES FOR FOR
1.13 Elect Wolfgang Schoellkopf MGMT YES FOR FOR
1.14 Elect Steven L. Shapiro MGMT YES FOR FOR
1.15 Elect Barry L. Williams MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Smith International SII 832110100 4/20/04 Annual
1.01 Elect James R. Gibbs MGMT YES WHOLD AGNST
1.02 Elect Jerry W. Neely MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Southern Co SO 842587107 5/26/04 Annual
1.01 Elect Daniel P. Amos MGMT YES FOR FOR
1.02 Elect Dorrit J. Bern MGMT YES FOR FOR
1.03 Elect Francis S. Blake MGMT YES FOR FOR
1.04 Elect Thomas F. Chapman MGMT YES FOR FOR
1.05 Elect H. Allen Franklin MGMT YES FOR FOR
1.06 Elect Bruce S. Gordon MGMT YES FOR FOR
1.07 Elect Donald M. James MGMT YES FOR FOR
1.08 Elect Zack T. Pate MGMT YES FOR FOR
1.09 Elect J. Neal Purcell MGMT YES FOR FOR
1.10 Elect David M. Ratcliffe MGMT YES FOR FOR
1.11 Elect Gerald J. St. Pe MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Director Stock Award Plan MGMT YES AGNST AGNST

St Jude Medical Inc STJ 790849103 5/12/04 Annual
1.01 Elect Michael A. Rocca MGMT YES WHOLD AGNST
1.02 Elect David A. Thompson MGMT YES WHOLD AGNST
1.03 Elect Stefan K. Widensohler MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Increase Authorized Common Stock MGMT YES FOR FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Target Corp TGT 87612E106 5/19/04 Annual
1.01 Elect Calvin Darden MGMT YES WHOLD AGNST
1.02 Elect Michele J. Hooper MGMT YES WHOLD AGNST
1.03 Elect Anne M. Mulcahy MGMT YES WHOLD AGNST
1.04 Elect Stephen W. Sanger MGMT YES WHOLD AGNST
1.05 Elect Warren R. Staley MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Teva Pharmaceutical 881624209 10/27/03 Special
1.00 Election of Directors by Nominee MGMT YES FOR FOR
2.00 Approve Directors' Fees MGMT YES FOR FOR

Teva Pharmaceutical Industries TEVA 881624209 5/20/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Final Dividend at 0.00 MGMT YES FOR FOR
3.01 Elect Abraham E. Cohen MGMT YES FOR FOR
3.02 Elect Leslie Dan MGMT YES FOR FOR
3.03 Elect Meir Heth MGMT YES FOR FOR
3.04 Elect Moshe Many MGMT YES FOR FOR
3.05 Elect Dov Shafir MGMT YES FOR FOR
4.00 Indemnify Directors/Officers MGMT YES FOR FOR
5.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR

Texas Instruments TXN 882508104 4/15/04 Annual
1.01 Elect James R. Adams MGMT YES WHOLD AGNST
1.02 Elect David L. Boren MGMT YES WHOLD AGNST
1.03 Elect Daniel A. Carp MGMT YES WHOLD AGNST
1.04 Elect Thomas J. Engibous MGMT YES WHOLD AGNST
1.05 Elect Gerald W. Fronterhouse MGMT YES WHOLD AGNST
1.06 Elect David R. Goode MGMT YES WHOLD AGNST
1.07 Elect Wayne R. Sanders MGMT YES WHOLD AGNST
1.08 Elect Ruth J. Simmons MGMT YES WHOLD AGNST
1.09 Elect Richard K. Templeton MGMT YES WHOLD AGNST
1.10 Elect Christine Todd Whitman MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Expense Stock Options SHLDR YES FOR AGNST

Time Warner Inc TWX 887317105 5/21/04 Annual
1.01 Elect James L. Barksdale MGMT YES FOR FOR
1.02 Elect Stephen F. Bollenbach MGMT YES FOR FOR
1.03 Elect Stephen M. Case MGMT YES FOR FOR
1.04 Elect Frank J. Caufield MGMT YES FOR FOR
1.05 Elect Robert C. Clark MGMT YES FOR FOR
1.06 Elect Miles R. Gilburne MGMT YES FOR FOR
1.07 Elect Carla A. Hills MGMT YES FOR FOR
1.08 Elect Reuben Mark MGMT YES FOR FOR
1.09 Elect Michael A. Miles MGMT YES FOR FOR
1.10 Elect Kenneth J. Novack MGMT YES FOR FOR
1.11 Elect Richard D. Parsons MGMT YES FOR FOR
1.12 Elect Robert E. Turner MGMT YES FOR FOR
1.13 Elect Francis T. Vincent Jr. MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 China--Adopt Code of Conduct SHLDR YES AGNST FOR
4.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR

Tyco International TYC 902124106 3/25/04 Annual
1.01 Elect Dennis C. Blair MGMT YES FOR FOR
1.02 Elect Edward D. Breen MGMT YES FOR FOR
1.03 Elect George W. Buckley MGMT YES FOR FOR
1.04 Elect Bruce S. Gordon MGMT YES FOR FOR
1.05 Elect John A. Krol MGMT YES FOR FOR
1.06 Elect H. Carl McCall MGMT YES FOR FOR
1.07 Elect Mackey J. McDonald MGMT YES FOR FOR
1.08 Elect Brendan R. O'Neill MGMT YES FOR FOR
1.09 Elect Sandra S. Wijnberg MGMT YES FOR FOR
1.10 Elect Jerome B. York MGMT YES FOR FOR
1.11 Elect Brian Duperreault MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
Authorize Committee to Set Auditors' Fees
3.00 Adopt New Bylaws MGMT YES FOR FOR
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Review and reduce toxic emissions SHLDR YES AGNST AGNST
6.00 Reincorporate to U.S. State SHLDR YES AGNST FOR
7.00 Implement Executive Compensation Plan SHLDR YES FOR AGNST

United Parcel Service UPS 911312106 5/6/04 Annual
1.01 Elect Calvin Darden MGMT YES WHOLD AGNST
1.02 Elect Michael L. Eskew MGMT YES WHOLD AGNST
1.03 Elect James P. Kelly MGMT YES WHOLD AGNST
1.04 Elect Ann M. Livermore MGMT YES WHOLD AGNST
1.05 Elect Gary E. MacDougal MGMT YES WHOLD AGNST
1.06 Elect Victor A. Pelson MGMT YES WHOLD AGNST
1.07 Elect Lea N. Soupata MGMT YES WHOLD AGNST
1.08 Elect Robert M. Teeter MGMT YES WHOLD AGNST
1.09 Elect John W. Thompson MGMT YES WHOLD AGNST
1.10 Elect Carol B. Tome MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

United Technologies UTX 913017109 4/14/04 Annual
1.01 Elect Betsy J. Bernard MGMT YES FOR FOR
1.02 Elect George David MGMT YES FOR FOR
1.03 Elect Jean-Pierre Garnier MGMT YES FOR FOR
1.04 Elect Jamie S. Gorelick MGMT YES FOR FOR
1.05 Elect Charles R. Lee MGMT YES FOR FOR
1.06 Elect Richard D. McCormick MGMT YES FOR FOR
1.07 Elect Harold W. McGraw III MGMT YES FOR FOR
1.08 Elect Frank P. Popoff MGMT YES FOR FOR
1.09 Elect H. Patrick Swygert MGMT YES FOR FOR
1.10 Elect Andre Villeneuve MGMT YES FOR FOR
1.11 Elect Harold A. Wagner MGMT YES FOR FOR
1.12 Elect Christine Todd Whitman MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Disclose Executive Compensation SHLDR YES AGNST FOR
4.00 Develop Military Contracting Criteria SHLDR YES AGNST FOR
5.00 Award Performance-based Stock Options SHLDR YES AGNST FOR
6.00 Independent Board Chairman SHLDR YES AGNST FOR

Verizon Communications VZ 92343V104 4/28/04 Annual
1.01 Elect James R. Barker MGMT YES WHOLD AGNST
1.02 Elect Richard L. Carrion MGMT YES WHOLD AGNST
1.03 Elect Robert W. Lane MGMT YES WHOLD AGNST
1.04 Elect Sandra O. Moose MGMT YES WHOLD AGNST
1.05 Elect Joseph Neubauer MGMT YES WHOLD AGNST
1.06 Elect Thomas H. O'Brien MGMT YES WHOLD AGNST
1.07 Elect Hugh B. Price MGMT YES WHOLD AGNST
1.08 Elect Ivan G. Seidenberg MGMT YES WHOLD AGNST
1.09 Elect Walter V. Shipley MGMT YES WHOLD AGNST
1.10 Elect John R. Stafford MGMT YES WHOLD AGNST
1.11 Elect Robert D. Storey MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Cumulative Voting SHLDR YES AGNST FOR
4.00 Increase Board Independence SHLDR YES FOR AGNST
5.00 Independent Board Chairman SHLDR YES AGNST FOR
6.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR
7.00 Approve Extra Benefits Under Serps SHLDR YES AGNST FOR
8.00 Restrict Executive Compensation SHLDR YES FOR AGNST
9.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
10.00 Review Political Spending SHLDR YES AGNST FOR
11.00 Collecting Service Fees SHLDR YES AGNST FOR

Wal-Mart Stores WMT 931142103 6/4/04 Annual
1.01 Elect James W. Breyer MGMT YES FOR FOR
1.02 Elect M. Michele Burns MGMT YES FOR FOR
1.03 Elect Thomas M. Coughlin MGMT YES FOR FOR
1.04 Elect David D. Glass MGMT YES FOR FOR
1.05 Elect Roland A. Hernandez MGMT YES FOR FOR
1.06 Elect Dawn G. Lepore MGMT YES FOR FOR
1.07 Elect John D. Opie MGMT YES FOR FOR
1.08 Elect J. Paul Reason MGMT YES FOR FOR
1.09 Elect H. Lee Scott Jr. MGMT YES FOR FOR
1.10 Elect Jack C. Shewmaker MGMT YES FOR FOR
1.11 Elect Jose H. Villarreal MGMT YES FOR FOR
1.12 Elect John T. Walton MGMT YES FOR FOR
1.13 Elect S. Robson Walton MGMT YES FOR FOR
1.14 Elect Christopher J. Williams MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Adopt Employee Stock Purchase Plan MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR
6.00 Independent Board Chairman SHLDR YES AGNST FOR
7.00 Report on Sustainability SHLDR YES AGNST FOR
8.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
9.00 Review or Curb Bioengineering SHLDR YES AGNST FOR
10.00 Report on EEO SHLDR YES AGNST FOR
11.00 Approve Extra Benefits Under Serps SHLDR YES AGNST FOR

Wells Fargo WFC 949746101 4/27/04 Annual
1.01 Elect John A. Blanchard III MGMT YES WHOLD AGNST
1.02 Elect Susan E. Engel MGMT YES WHOLD AGNST
1.03 Elect Enrique Hernandez Jr. MGMT YES WHOLD AGNST
1.04 Elect Robert L. Joss MGMT YES WHOLD AGNST
1.05 Elect Reatha Clark King MGMT YES WHOLD AGNST
1.06 Elect Richard M. Kovacevich MGMT YES WHOLD AGNST
1.07 Elect Richard D. McCormick MGMT YES WHOLD AGNST
1.08 Elect Cynthia H. Milligan MGMT YES WHOLD AGNST
1.09 Elect Philip J. Quigley MGMT YES WHOLD AGNST
1.10 Elect Donald B. Rice MGMT YES WHOLD AGNST
1.11 Elect Judith M. Runstad MGMT YES WHOLD AGNST
1.12 Elect Stephen W. Sanger MGMT YES WHOLD AGNST
1.13 Elect Susan G. Swenson MGMT YES WHOLD AGNST
1.14 Elect Michael W. Wright MGMT YES WHOLD AGNST
2.00 Approve Savings Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Expense Stock Options SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
7.00 Review Political Spending SHLDR YES AGNST FOR

Williams-Sonoma Inc WSM 969904101 5/19/04 Annual
1.01 Elect W. Howard Lester MGMT YES WHOLD AGNST
1.02 Elect Edward A. Mueller MGMT YES WHOLD AGNST
1.03 Elect Sanjiv Ahuja MGMT YES WHOLD AGNST
1.04 Elect Adrian D.P. Bellamy MGMT YES WHOLD AGNST
1.05 Elect Patrick J. Connolly MGMT YES WHOLD AGNST
1.06 Elect Jeanne Jackson MGMT YES WHOLD AGNST
1.07 Elect Michael R. Lynch MGMT YES WHOLD AGNST
1.08 Elect Richard T. Robertson MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Xilinx XLNX 983919101 8/7/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Zimmer Holdings ZMH 98956P102 7/22/03 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance

Any ballot marked 'Abstain' is considered to have been voted. Ballots
marked 'Abstain' are considered to be have been voted against
management's recommendation, regardless of whether the recommendation
is 'For' or 'Against,' except where management has made no
recommendation or has recommended that shareholders 'Abstain.'
Where management has recommended that shareholders 'Abstain' from
voting on a ballot item: 1) a ballot market 'Abstain' is considered to
have been voted for management's recommendation to 'Abstain' and 2) a
ballot voted 'For" or 'Against' is considered to have been voted
against management's recommendation to 'Abstain.'
Where management has made no recommendation on a ballot item, the
abbreviation "N/A" is used to denote that there is no applicable
recommendation compared to which a vote may be 'For' or 'Against' the
recommendation of management.
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.

Item 1. Proxy Voting Record
Account Number: JU68 Focused Dividend Strategy

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
Abbott Laboratories ABT 002824100 4/23/04 Annual
1.01 Elect Roxanne S. Austin MGMT YES WHOLD AGNST
1.02 Elect H. Laurance Fuller MGMT YES WHOLD AGNST
1.03 Elect Richard A. Gonzalez MGMT YES WHOLD AGNST
1.04 Elect Jack M. Greenberg MGMT YES WHOLD AGNST
1.05 Elect Jeffrey M. Leiden MGMT YES WHOLD AGNST
1.06 Elect David Owen MGMT YES WHOLD AGNST
1.07 Elect Boone Powell Jr. MGMT YES WHOLD AGNST
1.08 Elect Addison Barry Rand MGMT YES WHOLD AGNST
1.09 Elect W. Ann Reynolds MGMT YES WHOLD AGNST
1.10 Elect Roy S. Roberts MGMT YES WHOLD AGNST
1.11 Elect William D. Smithburg MGMT YES WHOLD AGNST
1.12 Elect John R. Walter MGMT YES WHOLD AGNST
1.13 Elect Miles D. White MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review Drug Pricing or Distribution SHLDR YES AGNST FOR
4.00 Review Political Spending SHLDR YES AGNST FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Review AIDS Pandemic's Impact on Company SHLDR YES AGNST FOR

Albertson's Inc ABS 013104104 6/10/04 Annual
1.01 Elect Pamela G. Bailey MGMT YES FOR FOR
1.02 Elect Teresa Beck MGMT YES FOR FOR
1.03 Elect Beth M. Pritchard MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Require Majority Vote to Elect Directors SHLDR YES AGNST FOR
5.00 Eliminate Supermajority Provision SHLDR YES FOR AGNST
6.00 Golden Parachutes SHLDR YES FOR AGNST
7.00 Repeal Classified Board SHLDR YES AGNST FOR

Anheuser-Busch BUD 035229103 4/28/04 Annual
1.01 Elect August A. Busch III MGMT YES WHOLD AGNST
1.02 Elect Carlos Fernandez G. MGMT YES WHOLD AGNST
1.03 Elect James R. Jones MGMT YES WHOLD AGNST
1.04 Elect Andrew C. Taylor MGMT YES WHOLD AGNST
1.05 Elect Douglas A. Warner III MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

AT&T Corp T 001957505 5/19/04 Annual
1.01 Elect William F. Aldinger III MGMT YES FOR FOR
1.02 Elect Kenneth T. Derr MGMT YES FOR FOR
1.03 Elect David W. Dorman MGMT YES FOR FOR
1.04 Elect M. Kathryn Eickhoff MGMT YES FOR FOR
1.05 Elect Herbert L. Henkel MGMT YES FOR FOR
1.06 Elect Frank C. Herringer MGMT YES FOR FOR
1.07 Elect Shirley A. Jackson MGMT YES FOR FOR
1.08 Elect Jon C. Madonna MGMT YES FOR FOR
1.09 Elect Donald F. McHenry MGMT YES FOR FOR
1.10 Elect Tony L. White MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Director Tenure/Retirement Age SHLDR YES AGNST FOR
5.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR
6.00 Independent Board Chairman SHLDR YES AGNST FOR
7.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR

Avery Dennison AVY 053611109 4/22/04 Annual
1.01 Elect Philip M. Neal MGMT YES WHOLD AGNST
1.02 Elect Frank V. Cahouet MGMT YES WHOLD AGNST
1.03 Elect Peter W. Mullin MGMT YES WHOLD AGNST
1.04 Elect Bruce Karatz MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR

Bemis BMS 081437105 5/6/04 Annual
1.01 Elect Nancy Parsons McDonald MGMT YES WHOLD AGNST
1.02 Elect Jeffrey H. Curler MGMT YES WHOLD AGNST
1.03 Elect Roger D. O'Shaughnessy MGMT YES WHOLD AGNST
1.04 Elect David S. Haffner MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Increase Authorized Common Stock MGMT YES FOR FOR

Bristol-Myers Squibb BMY 110122108 5/4/04 Annual
1.01 Elect Peter R. Dolan MGMT YES FOR FOR
1.02 Elect Louis V. Gerstner Jr. MGMT YES FOR FOR
1.03 Elect Leif Johansson MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review Political Spending SHLDR YES AGNST FOR
4.00 Limit or End Political Spending SHLDR YES AGNST FOR
5.00 Independent Board Chairman SHLDR YES AGNST FOR
6.00 Review AIDS Pandemic's Impact on Company SHLDR YES AGNST FOR
7.00 Require Majority Vote to Elect Directors SHLDR YES AGNST FOR

Brown-Forman BF 115637209 1/8/04 Annual
1.00 Increase Authorized Common Stock MGMT YES FOR FOR
Increase Authorized Dual Class Stock

Clorox CLX 189054109 11/19/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Adopt Deferred Compensation Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Colgate-Palmolive CL 194162103 5/7/04 Annual
1.01 Elect Jill K. Conway MGMT YES WHOLD AGNST
1.02 Elect Ronald E. Ferguson MGMT YES WHOLD AGNST
1.03 Elect Carlos M. Gutierrez MGMT YES WHOLD AGNST
1.04 Elect Ellen M. Hancock MGMT YES WHOLD AGNST
1.05 Elect David W. Johnson MGMT YES WHOLD AGNST
1.06 Elect Richard J. Kogan MGMT YES WHOLD AGNST
1.07 Elect Delano E. Lewis MGMT YES WHOLD AGNST
1.08 Elect Reuben Mark MGMT YES WHOLD AGNST
1.09 Elect Elizabeth A. Monrad MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Golden Parachutes SHLDR YES FOR AGNST
5.00 Monitor/Adopt ILO Conventions SHLDR YES AGNST FOR
6.00 Independent Board Chairman SHLDR YES AGNST FOR

ConAgra Foods CAG 205887102 9/25/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review or Curb Bioengineering SHLDR YES AGNST FOR
4.00 Restrict Executive Compensation SHLDR YES AGNST FOR
5.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR

Du Pont (E.I.) de Nemours DD 263534109 4/28/04 Annual
1.01 Elect Alain J.P. Belda MGMT YES WHOLD AGNST
1.02 Elect Richard H. Brown MGMT YES WHOLD AGNST
1.03 Elect Curtis J. Crawford MGMT YES WHOLD AGNST
1.04 Elect John T. Dillon MGMT YES WHOLD AGNST
1.05 Elect Louisa C. Duemling MGMT YES WHOLD AGNST
1.06 Elect Charles O. Holliday Jr. MGMT YES WHOLD AGNST
1.07 Elect Deborah C. Hopkins MGMT YES WHOLD AGNST
1.08 Elect Lois D. Juliber MGMT YES WHOLD AGNST
1.09 Elect Masahisa Naitoh MGMT YES WHOLD AGNST
1.10 Elect William K. Reilly MGMT YES WHOLD AGNST
1.11 Elect H. Rodney Sharp III MGMT YES WHOLD AGNST
1.12 Elect Charles M. Vest MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Disclose Prior Government Service SHLDR YES AGNST FOR
4.00 Monitor/Adopt ILO Conventions SHLDR YES AGNST FOR
5.00 Link Executive Pay to Social Criteria SHLDR YES AGNST FOR

Emerson Electric EMR 291011104 2/3/04 Annual
1.01 Elect Carlos Fernandez G. MGMT YES FOR FOR
1.02 Elect Charles F. Knight MGMT YES FOR FOR
1.03 Elect G. A. Lodge MGMT YES FOR FOR
1.04 Elect Rozanne L. Ridgway MGMT YES FOR FOR
1.05 Elect Edward E. Whitacre Jr. MGMT YES FOR FOR
2.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

General Motors GM 370442105 10/3/03 Annual
1.00 Approve Non-Technical Charter Amendm MGMT YES AGNST AGNST
2.00 Ratify Spin-Off Company Charter MGMT YES FOR FOR
3.00 Approve Spin-off MGMT YES FOR FOR
4.00 Approve Sale of Assets MGMT YES FOR FOR
5.00 Approve Sale of Assets MGMT YES FOR FOR
6.00 Eliminate Dual Class Stock MGMT YES FOR FOR

General Motors Corp GM 370442105 6/2/04 Annual
1.01 Elect Percy N. Barnevik MGMT YES FOR FOR
1.02 Elect John H. Bryan MGMT YES FOR FOR
1.03 Elect Armando M. Codina MGMT YES FOR FOR
1.04 Elect George M.C. Fisher MGMT YES FOR FOR
1.05 Elect Karen Katen MGMT YES FOR FOR
1.06 Elect Kent Kresa MGMT YES FOR FOR
1.07 Elect Alan G. Lafley MGMT YES FOR FOR
1.08 Elect Philip A. Laskawy MGMT YES FOR FOR
1.09 Elect E. Stanley O'Neal MGMT YES FOR FOR
1.10 Elect Eckhard Pfeiffer MGMT YES FOR FOR
1.11 Elect G. Richard Wagoner Jr. MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES AGNST FOR
4.00 Restrict Executive Compensation SHLDR YES AGNST FOR
5.00 Independent Board Chairman SHLDR YES AGNST FOR
6.00 Increase Key Committee Independence SHLDR YES FOR AGNST
7.00 Report or Take Action on Climate Change SHLDR YES AGNST FOR
8.00 Golden Parachutes SHLDR YES FOR AGNST
9.00 Require Option Shares to Be Held SHLDR YES AGNST FOR

Genuine Parts GPC 372460105 4/19/04 Annual
1.01 Elect Jean Douville MGMT YES WHOLD AGNST
1.02 Elect Michael M. E. Johns MGMT YES WHOLD AGNST
1.03 Elect J. Hicks Lanier MGMT YES WHOLD AGNST
1.04 Elect Wendy B. Needham MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
5.00 Performance/Time-Based Restricted Shares SHLDR YES FOR AGNST

Rohm & Haas ROH 775371107 5/3/04 Annual
1.01 Elect William J. Avery MGMT YES WHOLD AGNST
1.02 Elect J. Michael Fitzpatrick MGMT YES WHOLD AGNST
1.03 Elect Earl G. Graves Sr. MGMT YES WHOLD AGNST
1.04 Elect Rajiv L. Gupta MGMT YES WHOLD AGNST
1.05 Elect David W. Haas MGMT YES WHOLD AGNST
1.06 Elect Thomas W. Haas MGMT YES WHOLD AGNST
1.07 Elect James A. Henderson MGMT YES WHOLD AGNST
1.08 Elect Richard L. Keyser MGMT YES WHOLD AGNST
1.09 Elect Jorge P. Montoya MGMT YES WHOLD AGNST
1.10 Elect Sandra O. Moose MGMT YES WHOLD AGNST
1.11 Elect Gilbert S. Omenn MGMT YES WHOLD AGNST
1.12 Elect Gary L. Rogers MGMT YES WHOLD AGNST
1.13 Elect Ronaldo H. Schmitz MGMT YES WHOLD AGNST
1.14 Elect Marna C. Whittington MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES AGNST AGNST
3.00 Approve Long-Term Bonus Plan MGMT YES FOR FOR
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

SBC Communications SBC 78387G103 4/30/04 Annual
1.01 Elect James E. Barnes MGMT YES FOR FOR
1.02 Elect James A. Henderson MGMT YES FOR FOR
1.03 Elect John B. McCoy MGMT YES FOR FOR
1.04 Elect S. Donley Ritchey MGMT YES FOR FOR
1.05 Elect Joyce M. Roche MGMT YES FOR FOR
1.06 Elect Patricia P. Upton MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board MGMT YES FOR FOR
4.00 Review Political Spending SHLDR YES AGNST FOR
5.00 Reduce Board Size SHLDR YES AGNST FOR

Sherwin-Williams SHW 824348106 4/28/04 Annual
1.01 Elect James C. Boland MGMT YES WHOLD AGNST
1.02 Elect John G. Breen MGMT YES WHOLD AGNST
1.03 Elect Duane E. Collins MGMT YES WHOLD AGNST
1.04 Elect Christopher M. Connor MGMT YES WHOLD AGNST
1.05 Elect Daniel E. Evans MGMT YES WHOLD AGNST
1.06 Elect Susan J. Kropf MGMT YES WHOLD AGNST
1.07 Elect Robert W. Mahoney MGMT YES WHOLD AGNST
1.08 Elect Gary E. McCullough MGMT YES WHOLD AGNST
1.09 Elect A. Malachi Mixon III MGMT YES WHOLD AGNST
1.10 Elect Curtis E. Moll MGMT YES WHOLD AGNST
1.11 Elect Joseph M. Scaminace MGMT YES WHOLD AGNST
1.12 Elect Richard K. Smucker MGMT YES WHOLD AGNST
2.00 Approve Non-Technical Charter Amendments MGMT YES AGNST AGNST
3.00 Adopt Advance Notice Requirement MGMT YES FOR FOR
4.00 Adopt Advance Notice Requirement MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Wrigley (Wm.) Jr. WWY 982526105 3/9/04 Annual
1.01 Elect Thomas A. Knowlton MGMT YES FOR FOR
1.02 Elect Steven B. Sample MGMT YES FOR FOR
1.03 Elect Alex Shumate MGMT YES FOR FOR
2.00 Amend Stock Option Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Item 1. Proxy Voting Record
Account Number: JU47 Growth and Income Fund

Anthem Inc ATH 03674B104 6/28/04 Special
1.00 Approve Common Stock Issuance MGMT YES FOR FOR
Approve Merger/Acquisition
2.00 Approve Name Change MGMT YES FOR FOR

Boston Scientific BSX 101137107 10/6/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

Coach COH 189754104 11/5/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

Lauder (Estee) -Cl A EL 518439104 11/5/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Smith International SII 832110100 4/20/04 Annual
1.01 Elect James R. Gibbs MGMT YES WHOLD AGNST
1.02 Elect Jerry W. Neely MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Teva Pharmaceutical 881624209 10/27/03 Special
1.00 Election of Directors by Nominee MGMT YES FOR FOR
2.00 Approve Directors' Fees MGMT YES FOR FOR

Zimmer Holdings ZMH 98956P102 7/22/03 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance

Item 1. Proxy Voting Record
Account Number: JU21 Growth Opportunities

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
Abgenix ABGX 00339B107 6/7/04 Annual
1.01 Elect R. Scott Greer MGMT YES FOR FOR
1.02 Elect M. Kathleen Behrens MGMT YES FOR FOR
1.03 Elect Raju Kucherlapati MGMT YES FOR FOR
1.04 Elect Kenneth B. Lee Jr. MGMT YES FOR FOR
1.05 Elect Mark B. Logan MGMT YES FOR FOR
1.06 Elect Thomas G. Wiggans MGMT YES FOR FOR
1.07 Elect Raymond M. Withy MGMT YES FOR FOR

Activision ATVI 004930202 12/29/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

Alvarion 4/28/04 Annual
1.01 Elect Zvi Slonimsky MGMT YES FOR FOR
1.02 Elect Amnon Yacoby MGMT YES FOR FOR
1.03 Elect David Kettler MGMT YES FOR FOR
2.00 Elect Robin Hacke MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES FOR FOR
4.00 Approve Stock Option Grants MGMT YES FOR FOR
5.00 Approve Stock Option Grants MGMT YES FOR FOR
6.00 Approve Directors' Fees MGMT YES FOR FOR
7.00 Approve Stock Option Grants MGMT YES FOR FOR
Approve Bonus
Approve Directors' Fees
Approve Executive Profit Sharing/Bonus Plan
8.00 Amend Terms of Indemnification MGMT YES FOR FOR
9.00 Indemnify Directors/Officers MGMT YES FOR FOR
10.00 Amend Stock Option Plan MGMT YES AGNST AGNST
11.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST

Ametek Inc AME 031100100 5/18/04 Annual
1.01 Elect Lewis G. Cole MGMT YES WHOLD AGNST
1.02 Elect Charles D. Klein MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Amis Holdings AMIS 031538101 6/10/04 Annual
1.01 Elect Dipanjan Deb MGMT YES WHOLD AGNST
1.02 Elect Christine King MGMT YES FOR FOR
1.03 Elect David M. Rickey MGMT YES FOR FOR
1.04 Elect Paul C. Schorr IV MGMT YES WHOLD AGNST
1.05 Elect Colin L. Slade MGMT YES FOR FOR
1.06 Elect David Stanton MGMT YES WHOLD AGNST
1.07 Elect James A. Urry MGMT YES WHOLD AGNST
1.08 Elect Gregory L. Williams MGMT YES FOR FOR
1.09 Elect S. Atiq Raza MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Analog Devices ADI 032654105 3/9/04 Annual
1.01 Elect Jerald G. Fishman MGMT YES FOR FOR
1.02 Elect F. Grant Saviers MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Applebee's International Inc APPB 037899101 5/13/04 Annual
1.01 Elect Jack P. Helms MGMT YES WHOLD AGNST
1.02 Elect Lloyd L. Hill MGMT YES WHOLD AGNST
1.03 Elect Burton M. Sack MGMT YES WHOLD AGNST
1.04 Elect Michael A. Volkema MGMT YES WHOLD AGNST
1.05 Elect Steven K. Lumpkin MGMT YES WHOLD AGNST
2.00 Amend Stock Option Plan MGMT YES FOR FOR
Amend Director Stock Option Plan
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR
5.00 Review or Curb Bioengineering SHLDR YES AGNST FOR

Argosy Gaming AGY 040228108 4/29/04 Annual
1.01 Elect F. Lance Callis MGMT YES WHOLD AGNST
1.02 Elect John B. Pratt, Sr. MGMT YES WHOLD AGNST
1.03 Elect Edward F. Brennan MGMT YES WHOLD AGNST
2.00 Approve Other Business MGMT YES FOR FOR

Arris Group Inc ARRS 04269Q100 5/26/04 Annual
1.01 Elect Alex B. Best MGMT YES FOR FOR
1.02 Elect Harry L. Bosco MGMT YES FOR FOR
1.03 Elect John (Ian) Anderson Craig MGMT YES FOR FOR
1.04 Elect Matthew B. Kearney MGMT YES FOR FOR
1.05 Elect William H. Lambert MGMT YES FOR FOR
1.06 Elect John R. Petty MGMT YES FOR FOR
1.07 Elect Robert J. Stanzione MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Ascential Software Corp ASCL 04362P207 6/18/04 Annual
1.01 Elect David J. Ellenberger MGMT YES FOR FOR
1.02 Elect William J. Weyand MGMT YES FOR FOR
2.00 Decrease Authorized Common Stock MGMT YES FOR FOR
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Avocent Corp AVCT 053893103 6/10/04 Annual
1.01 Elect William McAleer MGMT YES FOR FOR
1.02 Elect David P. Vieau MGMT YES FOR FOR
1.03 Elect Doyle C. Weeks MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

BEA Systems BEAS 073325102 7/11/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

C H Robinson Worldwide Inc CHRW 12541W100 5/20/04 Annual
1.01 Elect D.R. Verdoorn MGMT YES FOR FOR
1.02 Elect Michael W. Wickham MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Campbell Soup CPB 134429109 11/21/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Caremark Rx CMX 141705103 3/22/04 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR
2.00 Approve Common Stock Issuance MGMT YES FOR FOR
3.00 Increase Authorized Preferred Stock MGMT YES AGNST AGNST
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Adjourn Meeting MGMT YES FOR FOR

Celestica 15101Q108 5/5/04 Annual
1.01 Elect Robert L. Crandall MGMT YES FOR FOR
1.02 Elect William A. Etherington MGMT YES FOR FOR
1.03 Elect Richard S. Love MGMT YES FOR FOR
1.04 Elect Anthony R. Melman MGMT YES FOR FOR
1.05 Elect Gerald W. Schwartz MGMT YES FOR FOR
1.06 Elect Charles W. Szuluk MGMT YES FOR FOR
1.07 Elect Don Tapscott MGMT YES FOR FOR
2.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR

Centene CNC 15135B101 5/4/04 Annual
1.01 Elect Steve Bartlett MGMT YES WHOLD AGNST
1.02 Elect Richard P. Wiederhold MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR

Cephalon Inc CEPH 156708109 5/13/04 Annual
1.01 Elect Frank Baldino Jr. MGMT YES FOR FOR
1.02 Elect William P. Egan MGMT YES FOR FOR
1.03 Elect Robert J. Feeney MGMT YES FOR FOR
1.04 Elect Martyn D. Greenacre MGMT YES FOR FOR
1.05 Elect Charles A. Sanders MGMT YES FOR FOR
1.06 Elect Gail R. Wilensky MGMT YES FOR FOR
1.07 Elect Dennis Winger MGMT YES FOR FOR
1.08 Elect Horst Witzel MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Chicago Bridge & Iron Co CBI 167250109 5/13/04 Annual
1.01 Elect Supervisory Board/Corporate Assembly MGMT YES FOR FOR
1.02 Elect Supervisory Board/Corporate Assembly MGMT YES FOR FOR
1.03 Elect Supervisory Board/Corporate Assembly MGMT YES FOR FOR
1.04 Elect Supervisory Board/Corporate Assembly MGMT YES FOR FOR
2.00 Approve Financial Statements MGMT YES FOR FOR
3.00 Ratify Management Acts-Legal MGMT YES ABSTAIN AGNST
Ratify Board Acts-Legal
4.00 Set Dividend at 0.16 MGMT YES FOR FOR
5.00 Authorize Share Repurchase MGMT YES FOR FOR
6.00 Cancel Authorized Stock MGMT YES FOR FOR
7.00 Issue Stock w/ or w/o Preemptive Rights MGMT YES AGNST AGNST
8.00 Increase Authorized Capital MGMT YES FOR FOR
9.00 Appoint Outside Auditors MGMT YES FOR FOR

CNET Networks CNET 12613R104 5/4/04 Annual
1.01 Elect John C. Colligan MGMT YES WHOLD AGNST
1.02 Elect Jarl Mohn MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Coach COH 189754104 11/5/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

Cognos Inc 19244C109 6/23/04 Annual
1.01 Elect Robert G. Ashe MGMT YES FOR FOR
1.02 Elect John E. Caldwell MGMT YES FOR FOR
1.03 Elect Paul D. Damp MGMT YES FOR FOR
1.04 Elect Pierre Y. DuCros MGMT YES FOR FOR
1.05 Elect Robert W. Korthals MGMT YES FOR FOR
1.06 Elect John J. Rando MGMT YES FOR FOR
1.07 Elect Bill V. Russell MGMT YES FOR FOR
1.08 Elect James M. Tory MGMT YES FOR FOR
1.09 Elect Renato Zambonini MGMT YES FOR FOR
2.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST
3.00 Amend Stock Option Plan MGMT YES FOR FOR
4.00 Cancel Authorized Stock MGMT YES FOR FOR

Cooper Industries Ltd. CBE G24182100 4/27/04 Annual
1.01 Elect Stephen G. Butler MGMT YES WHOLD AGNST
1.02 Elect Dan F. Smith MGMT YES WHOLD AGNST
1.03 Elect Gerald B. Smith MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Report on Sustainability SHLDR YES AGNST FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Corinthian Colleges COCO 218868107 11/20/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Covance CVD 222816100 4/29/04 Annual
1.01 Elect Robert M. Baylis MGMT YES WHOLD AGNST
1.02 Elect Irwin Lerner MGMT YES WHOLD AGNST
2.00 Repeal Classified Board SHLDR YES AGNST FOR

Cumulus Media CMLS 231082108 4/30/04 Annual
1.01 Elect Eric P. Robison MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Cymer Inc CYMI 232572107 5/20/04 Annual
1.01 Elect Charles J. Abbe MGMT YES WHOLD AGNST
1.02 Elect Robert P. Akins MGMT YES WHOLD AGNST
1.03 Elect Edward H. Braun MGMT YES WHOLD AGNST
1.04 Elect Michael R. Gaulke MGMT YES WHOLD AGNST
1.05 Elect William G. Oldham MGMT YES WHOLD AGNST
1.06 Elect Peter J. Simone MGMT YES WHOLD AGNST
1.07 Elect Young K. Sohn MGMT YES WHOLD AGNST
1.08 Elect Jon D. Tompkins MGMT YES WHOLD AGNST
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Depfa Bank 4/26/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Dividend at 1.20 MGMT YES FOR FOR
3.01 Elect Reinhard Grzesik MGMT YES FOR FOR
3.02 Elect Thomas M. Kolbeck MGMT YES FOR FOR
3.03 Elect Jacques Poos MGMT YES FOR FOR
3.04 Elect Hans W. Reich MGMT YES FOR FOR
3.05 Elect Jurgen Karcher MGMT YES FOR FOR
4.00 Set Auditors' Fees MGMT YES AGNST AGNST
5.00 Approve Stock Split MGMT YES FOR FOR
6.00 Amend Articles Re: Preferred Shares MGMT YES FOR FOR
Authorize Creation of Preferred Stock
Increase Authorized Capital

Digital Insight DGIN 25385P106 5/24/04 Annual
1.01 Elect Michael R. Hallman MGMT YES FOR FOR
1.02 Elect Greg J. Santora MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Dime Community Bancshares DCOM 253922108 5/20/04 Annual
1.01 Elect Patrick E. Curtin MGMT YES WHOLD AGNST
1.02 Elect Fred P. Fehrenbach MGMT YES WHOLD AGNST
1.03 Elect Stanley Meisels MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

DST Systems DST 233326107 11/28/03 Special
1.00 Approve Sale of Assets MGMT YES FOR FOR

DST Systems Inc DST 233326107 5/11/04 Annual
1.01 Elect A. Edward Allinson MGMT YES WHOLD AGNST
1.02 Elect Michael G. Fitt MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR

EchoStar Communications DISH 278762109 5/6/04 Annual
1.01 Elect Michael T. Dugan MGMT YES WHOLD AGNST
1.02 Elect James DeFranco MGMT YES WHOLD AGNST
1.03 Elect Cantey Ergen MGMT YES WHOLD AGNST
1.04 Elect Charles W. Ergen MGMT YES WHOLD AGNST
1.05 Elect Raymond L. Friedlob MGMT YES WHOLD AGNST
1.06 Elect Steven R. Goodbarn MGMT YES WHOLD AGNST
1.07 Elect David K. Moskowitz MGMT YES WHOLD AGNST
1.08 Elect C. Michael Schroeder MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Emmis Communications Corp EMMS 291525103 6/30/04 Annual
1.01 Elect Jeffrey H. Smulyan MGMT YES FOR FOR
1.02 Elect Walter Z. Berger MGMT YES FOR FOR
1.03 Elect Greg A. Nathanson MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Encore Medical ENMC 29256E109 5/18/04 Annual
1.01 Elect Richard O. Martin MGMT YES WHOLD AGNST
1.02 Elect Zubeen Shroff MGMT YES WHOLD AGNST
1.03 Elect Bruce F. Wesson MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Fastenal FAST 311900104 4/20/04 Annual
1.01 Elect Robert A. Kierlin MGMT YES WHOLD AGNST
1.02 Elect Stephen M. Slaggie MGMT YES WHOLD AGNST
1.03 Elect Michael M. Gostomski MGMT YES WHOLD AGNST
1.04 Elect John D. Remick MGMT YES WHOLD AGNST
1.05 Elect Henry K. McConnon MGMT YES WHOLD AGNST
1.06 Elect Robert A. Hansen MGMT YES WHOLD AGNST
1.07 Elect Willard D. Oberton MGMT YES WHOLD AGNST
1.08 Elect Michael J. Dolan MGMT YES WHOLD AGNST
1.09 Elect Reyne K. Wisecup MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Fiserv FISV 337738108 4/6/04 Annual
1.01 Elect Kenneth R. Jensen MGMT YES WHOLD AGNST
1.02 Elect Kim M. Robak MGMT YES WHOLD AGNST
1.03 Elect Thomas C Wertheimer MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES FOR FOR

Foot Locker Inc FL 344849104 5/26/04 Annual
1.01 Elect James E. Preston MGMT YES FOR FOR
1.02 Elect Matthew D. Serra MGMT YES FOR FOR
1.03 Elect Christopher A. Sinclair MGMT YES FOR FOR
1.04 Elect Dona Davis Young MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Forest Laboratories -Cl A FRX 345838106 8/11/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Global Industries GLBL 379336100 5/11/04 Annual
1.01 Elect William J. Dore MGMT YES WHOLD AGNST
1.02 Elect James C. Day MGMT YES WHOLD AGNST
1.03 Elect Edward P. Djerejian MGMT YES WHOLD AGNST
1.04 Elect Edgar G. Hotard MGMT YES WHOLD AGNST
1.05 Elect Richard A. Pattarozzi MGMT YES WHOLD AGNST
1.06 Elect James L. Payne MGMT YES WHOLD AGNST
1.07 Elect Michael J. Pollock MGMT YES WHOLD AGNST
1.08 Elect Luis K. Tellez MGMT YES WHOLD AGNST

Graco GGG 384109104 4/23/04 Annual
1.01 Elect William G. Van Dyke MGMT YES WHOLD AGNST
1.02 Elect Mark H. Rauenhorst MGMT YES WHOLD AGNST
1.03 Elect J. Kevin Gilligan MGMT YES WHOLD AGNST
1.04 Elect R. William Van Sant MGMT YES WHOLD AGNST
1.05 Elect Jack W. Eugster MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Harrah's Entertainment HET 413619107 4/29/04 Annual
1.01 Elect Ralph Horn MGMT YES WHOLD AGNST
1.02 Elect Gary W. Loveman MGMT YES WHOLD AGNST
1.03 Elect Philip G. Satre MGMT YES WHOLD AGNST
1.04 Elect Boake A. Sells MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Review Political Spending SHLDR YES AGNST FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

HON Industries HNI 438092108 5/4/04 Annual
1.01 Elect John A. Halbrook MGMT YES WHOLD AGNST
1.02 Elect Dennis J. Martin MGMT YES WHOLD AGNST
1.03 Elect Jack D. Michaels MGMT YES WHOLD AGNST
1.04 Elect Abbie J. Smith MGMT YES WHOLD AGNST
2.00 Approve Name Change MGMT YES FOR FOR
3.00 Repeal Fair Price Provision MGMT YES AGNST AGNST

Hornbeck Offshore Services HON 440543106 6/30/04 Annual
1.01 Elect Bernie W. Stewart MGMT YES FOR FOR
1.02 Elect Bruce W. Hunt MGMT YES FOR FOR
1.03 Elect Andrew L. Waite MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Integra LifeSciences Holdings IART 457985208 5/17/04 Annual
1.01 Elect David C. Auth MGMT YES WHOLD AGNST
1.02 Elect Keith Bradley MGMT YES WHOLD AGNST
1.03 Elect Richard E. Caruso MGMT YES WHOLD AGNST
1.04 Elect Stuart M. Essig MGMT YES WHOLD AGNST
1.05 Elect Neal Moszkowski MGMT YES WHOLD AGNST
1.06 Elect James N. Sullivan MGMT YES WHOLD AGNST
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

International Game Technology IGT 459902102 3/2/04 Annual
1.01 Elect G. Thomas Baker MGMT YES WHOLD AGNST
1.02 Elect Neil Barsky MGMT YES FOR FOR
1.03 Elect Robert A. Bittman MGMT YES WHOLD AGNST
1.04 Elect Richard R. Burt MGMT YES FOR FOR
1.05 Elect Leslie S Heisz MGMT YES FOR FOR
1.06 Elect Robert A Matthewson MGMT YES WHOLD AGNST
1.07 Elect Thomas J. Matthews MGMT YES FOR FOR
1.08 Elect Robert J. Miller MGMT YES WHOLD AGNST
1.09 Elect Frederick B. Rentschler MGMT YES FOR FOR
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Intersil Corp ISIL 46069S109 5/12/04 Annual
1.01 Elect Gregory L. Williams MGMT YES WHOLD AGNST
1.02 Elect Richard M. Beyer MGMT YES WHOLD AGNST
1.03 Elect Robert W. Conn MGMT YES WHOLD AGNST
1.04 Elect James V. Diller MGMT YES WHOLD AGNST
1.05 Elect Gary E. Gist MGMT YES WHOLD AGNST
1.06 Elect Jan Peeters MGMT YES WHOLD AGNST
1.07 Elect Robert N. Pokelwaldt MGMT YES WHOLD AGNST
1.08 Elect James A. Urry MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Keane Inc KEA 486665102 5/27/04 Annual
1.01 Elect John H. Fain MGMT YES WHOLD AGNST
1.02 Elect John F. Keane MGMT YES WHOLD AGNST
1.03 Elect John F. Rockart MGMT YES FOR FOR
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Lam Research LRCX 512807108 11/6/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Amend Employee Stock Purchase Plan MGMT YES FOR FOR
Add Shares to Employee Stock Purchase Plan
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Landry's Restaurants Inc LNY 51508L103 6/3/04 Annual
1.01 Elect Tilman J. Fertitta MGMT YES FOR FOR
1.02 Elect Steven L. Scheinthal MGMT YES FOR FOR
1.03 Elect Paul S. West MGMT YES FOR FOR
1.04 Elect Michael S. Chadwick MGMT YES FOR FOR
1.05 Elect Michael Richmond MGMT YES FOR FOR
1.06 Elect Joe Max Taylor MGMT YES FOR FOR
1.07 Elect Kenneth Brimmer MGMT YES FOR FOR

LSI Logic LSI 502161102 5/6/04 Annual
1.01 Elect Wilfred J. Corrigan MGMT YES FOR FOR
1.02 Elect T. Z. Chu MGMT YES FOR FOR
1.03 Elect Malcolm R. Currie MGMT YES FOR FOR
1.04 Elect James H. Keyes MGMT YES FOR FOR
1.05 Elect R. Douglas Norby MGMT YES FOR FOR
1.06 Elect Matthew J. O'Rourke MGMT YES FOR FOR
1.07 Elect Gregorio Reyes MGMT YES FOR FOR
1.08 Elect Larry W. Sonsini MGMT YES FOR FOR
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Amend Annual Bonus Plan MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Marvel Enterprises MVL 57383M108 5/5/04 Annual
1.01 Elect Morton E. Handel MGMT YES WHOLD AGNST
1.02 Elect F. Peter Cuneo MGMT YES WHOLD AGNST
1.03 Elect Isaac Perlmutter MGMT YES WHOLD AGNST
2.00 Approve Technical Amendments MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Medicines MDCO 584688105 5/27/04 Annual
1.01 Elect William W. Crouse MGMT YES FOR FOR
1.02 Elect T. Scott Johnson MGMT YES FOR FOR
1.03 Elect David M. Stack MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

MEMC Electronic Materials WFR 552715104 4/27/04 Annual
1.01 Elect John Marren MGMT YES WHOLD AGNST
1.02 Elect William E. Stevens MGMT YES WHOLD AGNST
1.03 Elect William D. Watkins MGMT YES WHOLD AGNST
1.04 Elect James B. Williams MGMT YES WHOLD AGNST
2.00 Amend Stock Option Plan MGMT YES AGNST AGNST
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
4.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
5.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Montpelier Re Holdings MRH G62185106 5/20/04 Annual
1.01 Elect G. Thompson Hutton MGMT YES FOR FOR
1.02 Elect Kamil M. Salame MGMT YES FOR FOR
1.03 Elect Raymond M. Salter MGMT YES FOR FOR
1.04 Elect John F. Shettle Jr. MGMT YES FOR FOR
2.00 Elect Subsidiary Directors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

NeighborCare Inc NCRX 64015Y104 6/15/04 Annual
1.01 Elect Robert H. Fish MGMT YES FOR FOR
1.02 Elect Arthur J. Reimers MGMT YES FOR FOR
1.03 Elect John J. Arlotta MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Nelnet Inc NNI 64031N108 5/27/04 Annual
1.01 Elect James P. Abel MGMT YES FOR FOR
1.02 Elect Don R. Bouc MGMT YES FOR FOR
1.03 Elect Stephen F. Butterfield MGMT YES FOR FOR
1.04 Elect Michael S. Dunlap MGMT YES FOR FOR
1.05 Elect Thomas E. Henning MGMT YES FOR FOR
1.06 Elect Arturo R. Moreno MGMT YES WHOLD AGNST
1.07 Elect Brian J. O'Connor MGMT YES FOR FOR
1.08 Elect Micheal D. Reardon MGMT YES FOR FOR
1.09 Elect James H. Van Horn MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Netscreen Technologies NSCN 64117V107 3/5/04 Annual
1.01 Elect Michael L. Goguen MGMT YES FOR FOR
1.02 Elect Robert D. Thomas MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Network Appliance NTAP 64120L104 9/2/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Amend Stock Option Plan MGMT YES FOR FOR
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Nuvelo NUVO 67072M301 5/6/04 Annual
1.01 Elect Mark L. Perry MGMT YES WHOLD AGNST
1.02 Elect Barry L. Zubrow MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

On Semiconductor Corp ONNN 682189105 5/19/04 Annual
1.01 Elect J. Daniel McCranie MGMT YES WHOLD AGNST
1.02 Elect Kevin Burns MGMT YES WHOLD AGNST
1.03 Elect Justin T. Chang MGMT YES WHOLD AGNST
1.04 Elect Emmanuel T. Hernandez MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Amend Authorized Preferred Stock MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Parker-Hannifin PH 701094104 10/22/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Patterson-UTI Energy Inc PTEN 703481101 6/29/04 Annual
1.01 Elect Mark S. Siegel MGMT YES FOR FOR
1.02 Elect Cloyce A. Talbott MGMT YES FOR FOR
1.03 Elect A. Glenn Patterson MGMT YES FOR FOR
1.04 Elect Kenneth N. Berns MGMT YES FOR FOR
1.05 Elect Robert C. Gist MGMT YES FOR FOR
1.06 Elect Curtis W. Huff MGMT YES FOR FOR
1.07 Elect Terry H. Hunt MGMT YES FOR FOR
1.08 Elect Kenneth R. Peak MGMT YES FOR FOR
1.09 Elect Nadine C. Smith MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Amend Stock Option Plan MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Penn National Gaming Inc PENN 707569109 5/26/04 Annual
1.01 Elect Robert P. Levy MGMT YES FOR FOR
1.02 Elect Barbara Z. Shattuck MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Piper Jaffray Companies PJC 724078100 4/28/04 Annual
1.01 Elect Andrew S. Duff MGMT YES WHOLD AGNST
1.02 Elect Samuel L. Kaplan MGMT YES WHOLD AGNST
1.03 Elect Frank L. Sims MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Platinum Underwriters Holdings PTP G7127P100 9/17/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Elect Subsidiary Director MGMT YES FOR FOR
3.00 Elect Subsidiary Director MGMT YES FOR FOR
4.00 Elect Subsidiary Director MGMT YES FOR FOR
5.00 Ratify Appointment of Subsidiary Director MGMT YES FOR FOR
6.00 Ratify Appointment of Subsidiary Director MGMT YES FOR FOR
7.00 Ratify Appointment of Subsidiary Director MGMT YES FOR FOR
8.00 Approve Annual Bonus Plan MGMT YES FOR FOR
Approve Long-Term Bonus Plan
9.00 Ratify Selection of Auditors MGMT YES FOR FOR

Protein Design Labs Inc PDLI 74369L103 6/30/04 Annual
1.01 Elect Laurence Jay Korn MGMT YES FOR FOR
1.02 Elect Max E. Link MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Providian Financial Corp PVN 74406A102 5/13/04 Annual
1.01 Elect John L. Douglas MGMT YES WHOLD AGNST
1.02 Elect J. David Grissom MGMT YES WHOLD AGNST
1.03 Elect Robert J. Higgins MGMT YES WHOLD AGNST
1.04 Elect Francesca Ruiz De Luzuriaga MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Royal Caribbean Cruises Ltd RCL V7780T103 5/25/04 Annual
1.01 Elect Tor B. Arneberg MGMT YES AGNST AGNST
1.02 Elect William L. Kimsey MGMT YES AGNST AGNST
1.03 Elect Gert W. Munthe MGMT YES AGNST AGNST
1.04 Elect Thomas J. Pritzker MGMT YES AGNST AGNST
2.00 Amend Stock Option Plan MGMT YES FOR FOR
3.00 Appoint Outside Auditors MGMT YES FOR FOR

Safeco SAFC 786429100 5/5/04 Annual
1.01 Elect Robert S. Cline MGMT YES WHOLD AGNST
1.02 Elect G. Thompson Hutton MGMT YES WHOLD AGNST
1.03 Elect William W. Krippaehne Jr. MGMT YES WHOLD AGNST
1.04 Elect Michael S. McGavick MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Scottish Annuity & Life Holdings G7885T104 8/28/03 Special
1.00 Change Company Name MGMT YES FOR FOR
2.00 Amend Articles--Technical MGMT YES FOR FOR

Scottish Re Group Ltd G7885T104 5/5/04 Annual
1.01 Elect Michael C. French MGMT YES FOR FOR
1.02 Elect Hazel R. O'Leary MGMT YES FOR FOR
2.00 Approve Executive Profit Sharing/Bonus Plan MGMT YES FOR FOR
3.00 Appoint Outside Auditors MGMT YES FOR FOR

Secure Computing SCUR 813705100 5/5/04 Annual
1.01 Elect Stephen M. Puricelli MGMT YES WHOLD AGNST
1.02 Elect Timothy P. McGurran MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Semtech Corp SMTC 816850101 6/10/04 Annual
1.01 Elect John D. Poe MGMT YES FOR FOR
1.02 Elect Jason L. Carlson MGMT YES FOR FOR
1.03 Elect Rockell N. Hankin MGMT YES FOR FOR
1.04 Elect James T. Lindstrom MGMT YES FOR FOR
1.05 Elect Glen M. Antle MGMT YES FOR FOR
1.06 Elect John L. Piotrowski MGMT YES FOR FOR
1.07 Elect James P. Burra MGMT YES FOR FOR
1.08 Elect James T. Schraith MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Siebel Systems Inc SEBL 826170102 6/23/04 Annual
1.01 Elect C. Scott Hartz MGMT YES FOR FOR
1.02 Elect Charles R. Schwab MGMT YES WHOLD AGNST
1.03 Elect George T. Shaheen MGMT YES FOR FOR
1.04 Elect John W. White MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Expense Stock Options SHLDR YES FOR AGNST

Sigmatel SGTL 82661W107 4/21/04 Annual
1.01 Elect Ronald P. Edgerton MGMT YES WHOLD AGNST
1.02 Elect William P. Osborne MGMT YES WHOLD AGNST
2.00 Elect Robert T. Derby MGMT YES WHOLD AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

St. Paul SPC 792860108 3/19/04 Special
1.00 Approve Common Stock Issuance MGMT YES FOR FOR
Approve Merger/Acquisition
2.00 Approve Non-Technical Bylaw Amendments MGMT YES FOR FOR
3.00 Approve Name Change MGMT YES FOR FOR
Increase Authorized Common Stock
Approve Non-Technical Charter Amendments
4.00 Eliminate Supermajority Requirement MGMT YES FOR FOR

SunOpta Inc 5/13/04 Annual
1.01 Elect Dennis Anderson MGMT YES FOR FOR
1.02 Elect Stephen Bronfman MGMT YES FOR FOR
1.03 Elect Robert Fetherstonhaugh MGMT YES FOR FOR
1.04 Elect Katrina Houde MGMT YES FOR FOR
1.05 Elect Cyril A. Ing MGMT YES FOR FOR
1.06 Elect Jeremy N. Kendall MGMT YES FOR FOR
1.07 Elect Camillo Lisio MGMT YES FOR FOR
1.08 Elect James Rifenbergh MGMT YES FOR FOR
1.09 Elect Joseph Riz MGMT YES FOR FOR
1.10 Elect Allan Routh MGMT YES FOR FOR
2.00 Appoint Outside Auditors MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES FOR FOR
4.00 Amend Stock Option Plan MGMT YES FOR FOR

SupportSoft SPRT 868587106 5/25/04 Annual
1.01 Elect Radha Basu MGMT YES FOR FOR
1.02 Elect Manuel F. Diaz MGMT YES FOR FOR
1.03 Elect Kevin C. Eichler MGMT YES FOR FOR
1.04 Elect Claude M. Leglise MGMT YES FOR FOR
1.05 Elect Edward S. Russell MGMT YES FOR FOR
1.06 Elect James Thanos MGMT YES FOR FOR
1.07 Elect Dick Williams MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Tech Data Corp TECD 878237106 6/10/04 Annual
1.01 Elect Charles E. Adair MGMT YES FOR FOR
1.02 Elect Maximilian Ardelt MGMT YES FOR FOR
1.03 Elect John Y. Williams MGMT YES FOR FOR
2.00 Amend Stock Option Plan MGMT YES FOR FOR
3.00 Cancel Series of Preferred Stock MGMT YES FOR FOR

Tekelec TKLC 879101103 5/14/04 Annual
1.01 Elect Robert V. Adams MGMT YES WHOLD AGNST
1.02 Elect Jean-Claude Asscher MGMT YES WHOLD AGNST
1.03 Elect Daniel L. Brenner MGMT YES WHOLD AGNST
1.04 Elect Martin A. Kaplan MGMT YES WHOLD AGNST
1.05 Elect Frederick M. Lax MGMT YES WHOLD AGNST
1.06 Elect Jon F. Rager MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Amend Stock Option Plan MGMT YES FOR FOR
4.00 Amend Director Stock Option Plan MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Terex Corp TEX 880779103 5/25/04 Annual
1.01 Elect Ronald M. DeFeo MGMT YES FOR FOR
1.02 Elect G. Chris Andersen MGMT YES FOR FOR
1.03 Elect Don DeFosset MGMT YES FOR FOR
1.04 Elect William H. Fike MGMT YES FOR FOR
1.05 Elect Donald P. Jacobs MGMT YES FOR FOR
1.06 Elect David A. Sachs MGMT YES FOR FOR
1.07 Elect J.C. Watts Jr. MGMT YES FOR FOR
1.08 Elect Helge H. Wehmeier MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR
5.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
6.00 Adopt Deferred Compensation Plan MGMT YES FOR FOR
7.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
8.00 Approve Other Business MGMT YES FOR FOR

Tessera Technologies TSRA 88164L100 5/20/04 Annual
1.01 Elect Patricia M. Cloherty MGMT YES FOR FOR
1.02 Elect Borje Ekholm MGMT YES FOR FOR
1.03 Elect John B. Goodrich MGMT YES FOR FOR
1.04 Elect D. James Guzy MGMT YES FOR FOR
1.05 Elect Al S. Joseph MGMT YES FOR FOR
1.06 Elect Bruce M. McWilliams MGMT YES FOR FOR
1.07 Elect Henry R. Nothhaft MGMT YES FOR FOR
1.08 Elect Robert A. Young MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Toro TTC 891092108 3/12/04 Annual
1.01 Elect Robert C. Buhrmaster MGMT YES WHOLD AGNST
1.02 Elect Winslow H. Buxton MGMT YES WHOLD AGNST
1.03 Elect Robert H. Nassau MGMT YES WHOLD AGNST
1.04 Elect Christopher A. Twomey MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Vimpel Communications 5/26/04 Annual
1.00 Authorize Legal Formalities MGMT YES FOR FOR
2.00 Approve Financial Statements MGMT YES AGNST AGNST
3.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
4.00 Election of Directors by Slate MGMT YES FOR FOR
5.00 Appoint Board Commission MGMT YES FOR FOR
6.00 Amend Board Powers/Procedures/Qualifications MGMT YES FOR FOR
7.00 Appoint Outside Auditors MGMT YES AGNST AGNST
8.00 Approve Related Party Transactions MGMT YES FOR FOR
9.00 Approve Restructuring/Recapitalization MGMT YES FOR FOR
10.00 Approve Related Party Transactions MGMT YES FOR FOR

Watchguard Technologies WGRD 941105108 6/3/04 Annual
1.01 Elect Michael R. Hallman MGMT YES FOR FOR
1.02 Elect Richard A. LeFaivre MGMT YES FOR FOR
1.03 Elect William J. Schroeder MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Watson Pharmaceuticals Inc WPI 942683103 5/17/04 Annual
1.01 Elect Allen Y. Chao MGMT YES WHOLD AGNST
1.02 Elect Michel J. Feldman MGMT YES WHOLD AGNST
1.03 Elect Fred G. Weiss MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Westwood One Inc WON 961815107 5/13/04 Annual
1.01 Elect Norman J. Pattiz MGMT YES WHOLD AGNST
1.02 Elect Mel Karmazin MGMT YES WHOLD AGNST
1.03 Elect Joseph B. Smith MGMT YES WHOLD AGNST
1.04 Elect Dennis F. Holt MGMT YES WHOLD AGNST
1.05 Elect Shane Coppola MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Worthington Industries WOR 981811102 9/25/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Amend Director Stock Option Plan MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Xilinx XLNX 983919101 8/7/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Item 1. Proxy Voting Record
Account Number: JU22 New Century

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
Amazon.com Inc AMZN 023135106 5/25/04 Annual
1.01 Elect Jeffrey P. Bezos MGMT YES FOR FOR
1.02 Elect Tom A. Alberg MGMT YES FOR FOR
1.03 Elect L. John Doerr MGMT YES FOR FOR
1.04 Elect William B. Gordon MGMT YES FOR FOR
1.05 Elect Myrtle S. Potter MGMT YES FOR FOR
1.06 Elect Thomas O. Ryder MGMT YES FOR FOR
1.07 Elect Patricia Q. Stonesifer MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Ameritrade Holding AMTD 03074K100 2/10/04 Annual
1.01 Elect J. Peter Ricketts MGMT YES WHOLD AGNST
1.02 Elect C. Kevin Landry MGMT YES WHOLD AGNST
1.03 Elect Mark L. Mitchell MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Apache APA 037411105 12/18/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

BEA Systems BEAS 073325102 7/11/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

BJ Services BJS 055482103 1/22/04 Annual
1.01 Elect Don D. Jordan MGMT YES FOR FOR
1.02 Elect William H. White MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Develop/report On Country Selection Standards SHLDR YES AGNST
FOR

Boston Scientific BSX 101137107 10/6/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

Boston Scientific Corp BSX 101137107 5/11/04 Annual
1.01 Elect Ursula M. Burns MGMT YES WHOLD AGNST
1.02 Elect Marye Anne Fox MGMT YES WHOLD AGNST
1.03 Elect N. J. Nicholas, Jr. MGMT YES WHOLD AGNST
1.04 Elect John E. Pepper, Jr. MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

CACI International -Cl A CAI 127190304 11/20/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Centene CNC 15135B101 5/4/04 Annual
1.01 Elect Steve Bartlett MGMT YES WHOLD AGNST
1.02 Elect Richard P. Wiederhold MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR

Chico's FAS Inc CHS 168615102 6/22/04 Annual
1.01 Elect Helene B. Gralnick MGMT YES FOR FOR
1.02 Elect Verna K. Gibson MGMT YES FOR FOR
1.03 Elect Betsy S. Atkins MGMT YES FOR FOR
1.04 Elect Scott A. Edmonds MGMT YES FOR FOR
2.00 Approve Board Size MGMT YES AGNST AGNST
3.00 Amend Employee Stock Purchase Plan MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Cleveland-Cliffs Inc CLF 185896107 5/11/04 Annual
1.01 Elect John S. Brinzo MGMT YES FOR FOR
1.02 Elect Ronald C. Cambre MGMT YES FOR FOR
1.03 Elect Ranko Cucuz MGMT YES FOR FOR
1.04 Elect David H. Gunning MGMT YES FOR FOR
1.05 Elect James D. Ireland III MGMT YES FOR FOR
1.06 Elect Francis R. McAllister MGMT YES FOR FOR
1.07 Elect John C. Morley MGMT YES FOR FOR
1.08 Elect Stephen B. Oresman MGMT YES FOR FOR
1.09 Elect Roger Phillips MGMT YES FOR FOR
1.10 Elect Richard K. Riederer MGMT YES FOR FOR
1.11 Elect Alan Schwartz MGMT YES FOR FOR

Coach COH 189754104 11/5/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

Cubist Pharmaceuticals 6/10/04 Annual
1.01 Elect Michael W. Bonney MGMT YES FOR FOR
1.02 Elect Susan B. Bayh MGMT YES FOR FOR
1.03 Elect Walter Maupay MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Add Shares to Director Stock Option Plan MGMT YES AGNST AGNST

Cummins CUM 231021106 9/16/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Cummins CMI 231021106 4/6/04 Annual
1.01 Elect Theodore M. Solso MGMT YES WHOLD AGNST
1.02 Elect Robert J. Darnall MGMT YES WHOLD AGNST
1.03 Elect John M. Deutch MGMT YES WHOLD AGNST
1.04 Elect Alexis M. Herman MGMT YES WHOLD AGNST
1.05 Elect William I. Miller MGMT YES WHOLD AGNST
1.06 Elect William D. Ruckelshaus MGMT YES WHOLD AGNST
1.07 Elect J. Lawrence Wilson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Cytyc Corp CYTC 232946103 5/26/04 Annual
1.01 Elect Walter E. Boomer MGMT YES FOR FOR
1.02 Elect Daniel J. Levangie MGMT YES FOR FOR
1.03 Elect Joseph B. Martin MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

DIRECTV Group Inc DTV 25459L106 6/2/04 Annual
1.01 Elect K. Rupert Murdoch MGMT YES FOR FOR
1.02 Elect Neil R. Austrian MGMT YES FOR FOR
1.03 Elect Charles R. Lee MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Foundry Networks FDRY 35063R100 6/1/04 Annual
1.01 Elect Bobby R. Johnson Jr. MGMT YES FOR FOR
1.02 Elect Andrew K. Ludwick MGMT YES FOR FOR
1.03 Elect Alfred J. Amoroso MGMT YES FOR FOR
1.04 Elect C. Nicholas Keating Jr. MGMT YES FOR FOR
1.05 Elect J. Steven Young MGMT YES FOR FOR
1.06 Elect Alan L. Earhart MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Fox Entertainment Group FOX 35138T107 11/25/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Gilead Sciences Inc GILD 375558103 5/25/04 Annual
1.01 Elect Paul Berg MGMT YES FOR FOR
1.02 Elect Etienne Davignon MGMT YES FOR FOR
1.03 Elect James M. Denny MGMT YES FOR FOR
1.04 Elect John C. Martin MGMT YES FOR FOR
1.05 Elect Gordon E. Moore MGMT YES FOR FOR
1.06 Elect Nicholas G. Moore MGMT YES FOR FOR
1.07 Elect George P. Shultz MGMT YES FOR FOR
1.08 Elect Gayle E. Wilson MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Increase Authorized Common Stock MGMT YES FOR FOR

Heartland Express HTLD 422347104 5/6/04 Annual
1.01 Elect Michael J. Gerdin MGMT YES WHOLD AGNST
1.02 Elect Russell A. Gerdin MGMT YES WHOLD AGNST
1.03 Elect Richard O. Jacobson MGMT YES WHOLD AGNST
1.04 Elect Benjamin J. Allen MGMT YES WHOLD AGNST
1.05 Elect Lawrence D. Crouse MGMT YES WHOLD AGNST

Hibernia HIB 428656102 4/21/04 Annual
1.01 Elect E. R. Campbell MGMT YES WHOLD AGNST
1.02 Elect Richard W. Freeman Jr. MGMT YES WHOLD AGNST
1.03 Elect Randall E. Howard MGMT YES WHOLD AGNST
1.04 Elect Elton R. King MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Hunt (J.B.) Transportation Services JBHT 445658107 4/22/04 Annual
1.01 Elect John A. Cooper Jr. MGMT YES WHOLD AGNST
1.02 Elect Wayne Garrison MGMT YES WHOLD AGNST
1.03 Elect Bryan Hunt MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

JetBlue Airways Corp JBLU 477143101 5/26/04 Annual
1.01 Elect David Barger MGMT YES FOR FOR
1.02 Elect David Checketts MGMT YES FOR FOR
1.03 Elect Neal Moszkowski MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Juniper Networks JNPR 48203R104 4/16/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance

Juniper Networks Inc JNPR 48203R104 5/19/04 Annual
1.01 Elect Pradeep Sindhu MGMT YES WHOLD AGNST
1.02 Elect Robert M. Calderoni MGMT YES WHOLD AGNST
1.03 Elect Kenneth Levy MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

KLA-Tencor KLAC 482480100 11/5/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Knight Trading Group Inc NITE 499063105 5/12/04 Annual
1.01 Elect Thomas M. Joyce MGMT YES FOR FOR
1.02 Elect Charles V. Doherty MGMT YES FOR FOR
1.03 Elect William L. Bolster MGMT YES FOR FOR
1.04 Elect Gary R. Griffith MGMT YES FOR FOR
1.05 Elect Robert M. Lazarowitz MGMT YES FOR FOR
1.06 Elect Thomas C. Lockburner MGMT YES FOR FOR
1.07 Elect Rodger O. Riney MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Lehman Brothers Holdings LEH 524908100 4/2/04 Annual
1.01 Elect Roger S. Berlind MGMT YES WHOLD AGNST
1.02 Elect Marsha J. Evans MGMT YES WHOLD AGNST
1.03 Elect Christopher Gent MGMT YES WHOLD AGNST
1.04 Elect Dina Merrill MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Manhattan Associates Inc MANH 562750109 5/21/04 Annual
1.01 Elect John J. Huntz Jr. MGMT YES FOR FOR
1.02 Elect Thomas E. Noonan MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Marvell Technology Group 5/28/04 Annual
1.01 Elect Dr. John M. Cioffi MGMT YES FOR FOR
1.02 Elect Dr. Paul R. Gray MGMT YES FOR FOR
1.03 Elect Douglas King MGMT YES FOR FOR
2.00 Appoint Outside Auditors MGMT YES FOR FOR
3.00 Set Auditors' Fees MGMT YES FOR FOR
4.00 Increase Authorized Capital MGMT YES FOR FOR
Approve Bonus Dividend/Bonus Share Issue

Millennium Pharmaceuticals MLNM 599902103 5/7/04 Annual
1.01 Elect Charles J. Homcy MGMT YES WHOLD AGNST
1.02 Elect Raju Kucherlapati MGMT YES WHOLD AGNST
1.03 Elect Eric S. Lander MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Netscreen Technologies NSCN 64117V107 3/5/04 Annual
1.01 Elect Michael L. Goguen MGMT YES FOR FOR
1.02 Elect Robert D. Thomas MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Neurocrine Biosciences NBIX 64125C109 5/26/04 Annual
1.01 Elect Richard F. Pops MGMT YES FOR FOR
1.02 Elect Stephen A. Sherwin MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Novellus Systems NVLS 670008101 4/16/04 Annual
1.01 Elect Richard S. Hill MGMT YES FOR FOR
1.02 Elect Neil R. Bonke MGMT YES FOR FOR
1.03 Elect Youssef A. El-Mansey MGMT YES FOR FOR
1.04 Elect J. David Litster MGMT YES FOR FOR
1.05 Elect Yoshio Nishi MGMT YES FOR FOR
1.06 Elect Glen Possley MGMT YES FOR FOR
1.07 Elect Ann D. Rhoads MGMT YES FOR FOR
1.08 Elect William R. Spivey MGMT YES FOR FOR
1.09 Elect Delbert A. Whitaker MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Limit Consulting By Auditors SHLDR YES AGNST FOR
4.00 Implement Executive Compensation Plan SHLDR YES FOR AGNST

Orbitz Inc ORBZ 68556Y100 6/2/04 Annual
1.01 Elect Denise K. Fletcher MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Paychex PAYX 704326107 10/2/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST

Pride International Inc PDE 74153Q102 5/18/04 Annual
1.01 Elect Robert L. Barbanell MGMT YES WHOLD AGNST
1.02 Elect Paul A. Bragg MGMT YES WHOLD AGNST
1.03 Elect David A. B. Brown MGMT YES WHOLD AGNST
1.04 Elect J.C. Burton MGMT YES WHOLD AGNST
1.05 Elect Jorge E. Estrada MGMT YES WHOLD AGNST
1.06 Elect William E. Macaulay MGMT YES WHOLD AGNST
1.07 Elect Ralph D. McBride MGMT YES WHOLD AGNST
1.08 Elect David B. Robson MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Radio One ROIAK 75040P405 5/26/04 Annual
1.01 Elect Brian R. McNeill MGMT NO TAKE NO ACTION
1.02 Elect Terry L. Jones MGMT NO TAKE NO ACTION
2.01 Elect Catherine L. Hughes MGMT NO TAKE NO ACTION
2.02 Elect Alfred C. Liggins III MGMT NO TAKE NO ACTION
2.03 Elect D. Geoffrey Armstrong MGMT NO TAKE NO ACTION
2.04 Elect L. Ross Love MGMT NO TAKE NO ACTION
2.05 Elect Ronald E. Blaylock MGMT NO TAKE NO ACTION
3.00 Add Shares to Stock Option Plan MGMT NO TAKE NO ACTION
4.00 Ratify Selection of Auditors MGMT NO TAKE NO ACTION

Rockwell Automation ROK 773903109 2/4/04 Annual
1.01 Elect Don H. Davis Jr. MGMT YES FOR FOR
1.02 Elect William H. Gray III MGMT YES FOR FOR
1.03 Elect William T. McCormick Jr. MGMT YES FOR FOR
1.04 Elect Keith D. Nosbusch MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES FOR FOR
Add Shares to Stock Option Plan

Ruby Tuesday RI 781182100 10/7/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Review or Curb Bioengineering SHLDR YES AGNST FOR

Select Medical Corp SEM 816196109 5/10/04 Annual
1.01 Elect Russell L. Carson MGMT YES WHOLD AGNST
1.02 Elect Rocco A. Ortenzio MGMT YES WHOLD AGNST
1.03 Elect Leopold Swergold MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Smith International SII 832110100 4/20/04 Annual
1.01 Elect James R. Gibbs MGMT YES WHOLD AGNST
1.02 Elect Jerry W. Neely MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Stericycle Inc SRCL 858912108 5/11/04 Annual
1.01 Elect Jack W. Schuler MGMT YES FOR FOR
1.02 Elect Mark C. Miller MGMT YES FOR FOR
1.03 Elect John P. Connaughton MGMT YES FOR FOR
1.04 Elect Rodney F. Dammeyer MGMT YES FOR FOR
1.05 Elect Patrick F. Graham MGMT YES FOR FOR
1.06 Elect John Patience MGMT YES FOR FOR
1.07 Elect Thomas R. Reusche MGMT YES FOR FOR
1.08 Elect Peter Vardy MGMT YES FOR FOR
1.09 Elect L. John Wilkerson MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Control Generation of Pollutants SHLDR YES AGNST FOR

Teva Pharmaceutical 881624209 10/27/03 Special
1.00 Election of Directors by Nominee MGMT YES FOR FOR
2.00 Approve Directors' Fees MGMT YES FOR FOR

Tidewater TDW 886423102 7/31/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

VeriSign Inc VRSN 92343E102 5/27/04 Annual
1.01 Elect D. James Bidzos MGMT YES FOR FOR
1.02 Elect William L. Chenevich MGMT YES FOR FOR
1.03 Elect Gregory L. Reyes Jr. MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Wachovia WB 929903102 4/20/04 Annual
1.01 Elect James S. Balloun MGMT YES WHOLD AGNST
1.02 Elect John T. Casteen III MGMT YES WHOLD AGNST
1.03 Elect Joseph Neubauer MGMT YES WHOLD AGNST
1.04 Elect Lanty L. Smith MGMT YES WHOLD AGNST
1.05 Elect Dona Davis Young MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Double Board Nominees SHLDR YES AGNST FOR
4.00 Review Political Spending SHLDR YES AGNST FOR
5.00 Independent Board Chairman SHLDR YES AGNST FOR

Waste Connections Inc WCN 941053100 5/26/04 Annual
1.01 Elect Ronald J. Mittelstaedt MGMT YES FOR FOR
2.00 Cancel Series of Preferred Stock MGMT YES FOR FOR
Increase Authorized Common Stock
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

WebMD HLTH 94769M105 9/12/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES FOR FOR

Yahoo Inc YHOO 984332106 5/21/04 Annual
1.01 Elect Terry S. Semel MGMT YES FOR FOR
1.02 Elect Jerry Yang MGMT YES FOR FOR
1.03 Elect Roy J. Bostock MGMT YES FOR FOR
1.04 Elect Ronald W. Burkle MGMT YES FOR FOR
1.05 Elect Eric Hippeau MGMT YES FOR FOR
1.06 Elect Arthur H. Kern MGMT YES FOR FOR
1.07 Elect Robert A. Kotick MGMT YES FOR FOR
1.08 Elect Edward R. Kozel MGMT YES FOR FOR
1.09 Elect Gary L. Wilson MGMT YES FOR FOR
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Expense Stock Options SHLDR YES FOR AGNST

Yankee Candle YCC 984757104 6/16/04 Annual
1.01 Elect Dale F. Frey MGMT YES FOR FOR
1.02 Elect Michael F. Hines MGMT YES FOR FOR
1.03 Elect Ronald L. Sargent MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Item 1. Proxy Voting Record
Account Number: JUDE International Equities

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
ABSA Group 8/22/03 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Directors' Fees MGMT YES FOR FOR
3.00 Election of Directors by Slate MGMT YES FOR FOR
4.00 Election of Directors by Slate MGMT YES FOR FOR
5.00 Election of Directors by Slate MGMT YES FOR FOR
6.00 Issue Stock w/ or w/o Preemptive Rights MGMT YES FOR FOR
7.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
8.00 Amend Stock Option Plan MGMT YES FOR FOR
9.00 Amend Articles--Technical MGMT YES FOR FOR
10.00 Amend Articles--Technical MGMT YES FOR FOR

Allianz 5/5/04 Annual
1.00 Set Dividend at 1.50 MGMT YES FOR FOR
2.00 Ratify Management Acts-Symbolic MGMT YES FOR FOR
3.00 Ratify Board Acts-Symbolic MGMT YES FOR FOR
4.00 Increase Authorized Capital MGMT YES FOR FOR
Issue Stock w/ or w/o Preemptive Rights
5.00 Increase Authorized Capital MGMT YES FOR FOR
Issue Stock w/ or w/o Preemptive Rights
6.00 Issue Convertible Debt Instruments MGMT YES FOR FOR
Increase Authorized Capital
Issue Stock w/o Preemptive Rights
Amend Articles for Capital Increase/Decrease
7.00 Authorize Trade in Company Stock MGMT YES FOR FOR
8.00 Reissuance of Shares/Treasury Stock MGMT YES FOR FOR
Authorize Share Repurchase
9.00 Approve Intra-company Contracts MGMT YES FOR FOR

Aluminum Corporation of China 12/29/03 Special
1.00 Approve Related Party Transactions MGMT YES FOR FOR

Anglo Irish Bank 1/23/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
3.01 Elect Tiarnan O. Mahoney MGMT YES FOR FOR
3.02 Elect John Rowan MGMT YES FOR FOR
3.03 Elect Patrick Wright MGMT YES FOR FOR
3.04 Elect Patricia Jamal MGMT YES FOR FOR
4.00 Set Auditors' Fees MGMT YES FOR FOR
5.00 Authorize Share Repurchase MGMT YES FOR FOR
Set Price of Reissued Treasury Stock
6.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
7.00 Approve Directors' Fees MGMT YES FOR FOR

ANZ Banking Group 8/13/03 Special
1.00 Authorize Share Repurchase MGMT YES FOR FOR
2.00 Amend Share Class Rights MGMT YES FOR FOR
3.00 Approve Issue of Preferred Stock MGMT YES FOR FOR

ANZ Banking Group 12/19/03 Annual
1.10 Election of Directors by Nominee MGMT YES FOR FOR
1.20 Election of Directors by Nominee MGMT YES FOR FOR
1.30 Election of Directors by Nominee MGMT YES FOR AGNST

Astra International 5/27/04 Annual
1.00 Ratify Board Acts-Legal MGMT YES FOR FOR
Ratify Management Acts-Legal
Approve Financial Statements
2.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
3.01 Election of Directors by Slate MGMT YES FOR FOR
3.02 Elect Supervisory Board/Corporate Assembly MGMT YES AGNST AGNST
3.03 Approve Supervisory Board/Corp. Assembly Fees MGMT YES FOR FOR
Approve Directors' Fees
4.00 Appoint Outside Auditors MGMT YES AGNST AGNST

AstraZeneca 4/29/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Final Dividend at 0.54p MGMT YES FOR FOR
3.00 Appoint Outside Auditors MGMT YES FOR FOR
4.00 Set Auditors' Fees MGMT YES FOR FOR
5.01 Elect Percy N. Barnevik MGMT YES FOR FOR
5.02 Elect Hakan Mogren MGMT YES FOR FOR
5.03 Elect Sir Tom McKillop MGMT YES FOR FOR
5.04 Elect Jonathan Symonds MGMT YES FOR FOR
5.05 Elect Sir Peter Bonfield MGMT YES FOR FOR
5.06 Elect John Buchanan MGMT YES FOR FOR
5.07 Elect Jane E. Henney MGMT YES FOR FOR
5.08 Elect Michele J. Hooper MGMT YES FOR FOR
5.09 Elect Joe Jimenez MGMT YES FOR FOR
5.10 Elect Erna Moller MGMT YES FOR FOR
5.11 Elect Bridget Ogilvie MGMT YES FOR FOR
5.12 Elect Louis Schweitzer MGMT YES FOR FOR
5.13 Elect Marcus Wallenberg MGMT YES FOR FOR
6.00 Approve Remuneration Policy MGMT YES FOR FOR
7.00 Amend Articles Regarding Treasury Shares MGMT YES FOR FOR
8.00 Approve Political Donation MGMT YES FOR FOR
9.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
10.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
11.00 Authorize Share Repurchase MGMT YES FOR FOR
12.00 Approve Directors' Fees MGMT YES FOR FOR

Bangkok Bank Public 4/9/04 Annual
1.00 Authorize Legal Formalities MGMT YES FOR FOR
2.00 Approve Financial Statements MGMT YES FOR FOR
3.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
4.00 Approve Use/Transfer of Reserves MGMT YES FOR FOR
Reduce Share Premium Account
5.01 Elect Chatri Sophonpanich MGMT YES AGNST AGNST
5.02 Elect Piti Sithi-Amnuai MGMT YES AGNST AGNST
5.03 Elect Charn Sophonpanich MGMT YES AGNST AGNST
5.04 Elect Amorn Chandhara-Somboon MGMT YES AGNST AGNST
5.05 Elect Thamnoon Laukaikul MGMT YES AGNST AGNST
5.06 Elect Prasong Uthaisangchai MGMT YES AGNST AGNST
6.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
7.00 Issue Warrants w/o Preemptive Rights MGMT YES FOR FOR
Issue Convertible Debt Instruments
Issue Debt Instruments
Approve Issue of Preferred Stock
Issue Stock w/o Preemptive Rights
Issue Stock w/ or w/o Preemptive Rights

British Sky Broadcasting 11/14/03 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Elect Lord Wilson MGMT YES FOR FOR
3.00 Elect James Murdoch MGMT YES FOR FOR
4.00 Elect Chase Carey MGMT YES FOR FOR
5.00 Elect David Evan MGMT YES FOR FOR
6.00 Elect Lord St. John MGMT YES FOR FOR
7.00 Elect Martin Stewart MGMT YES FOR FOR
8.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST
9.00 Approve Remuneration Policy MGMT YES FOR FOR
10.00 Approve Political Donation MGMT YES FOR FOR
11.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
12.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
13.00 Reduce Share Premium Account MGMT YES FOR FOR

China Oilfield Services 10/22/03 Special
1.00 Authorize Legal Formalities MGMT YES FOR FOR
2.00 Election of Directors by Nominee MGMT YES AGNST AGNST

China Petroleum & Chemical Corp (Sinopec) 0386 10/15/03 Special
1.00 Issue Debt Instruments MGMT YES FOR FOR
2.00 Authorize Legal Formalities MGMT YES FOR FOR

China Petroleum & Chemical Corp (Sinopec) 0386 12/18/03 Special
1.00 Approve Related Party Transactions MGMT YES FOR FOR
2.00 Approve Related Party Transactions MGMT YES FOR FOR

Dah Sing Financial Holdings 4/28/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Final Dividend at 81.00 MGMT YES FOR FOR
3.01 Elect Shou-Yeh (David) Wong MGMT YES FOR FOR
3.02 Elect David Richard Hinde MGMT YES FOR FOR
3.03 Elect Wai-Wai (John) Chow MGMT YES FOR FOR
3.04 Elect Yiu-Ming Ng MGMT YES FOR FOR
3.05 Elect Kunio Suzuki MGMT YES FOR FOR
4.00 Approve Directors' Fees MGMT YES AGNST AGNST
5.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
6.00 Issue Stock w/o Preemptive Rights MGMT YES AGNST AGNST
7.00 Authorize Share Repurchase MGMT YES FOR FOR
8.00 Reissuance of Shares/Treasury Stock MGMT YES FOR FOR

Enterprise Inns 1/22/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
3.00 Elect David A. Harding MGMT YES FOR FOR
4.00 Elect Michael F. Garner MGMT YES FOR FOR
5.00 Elect W. Simon Townsend MGMT YES FOR FOR
6.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
7.00 Approve Remuneration Policy MGMT YES FOR FOR
8.00 Approve Stock Split MGMT YES FOR FOR
9.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
11.00 Authorize Share Repurchase MGMT YES FOR FOR
12.00 Amend Board Powers/Procedures/Qualifications MGMT YES FOR FOR
Amend Articles--Technical

Enterprise Inns 3/30/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Borrowing

FKI 7/23/03 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Set Final Dividend at 0.3 p MGMT YES FOR FOR
4.00 Elect Paul Heiden MGMT YES FOR FOR
5.00 Elect Keith Orrell-Jones MGMT YES FOR FOR
6.00 Elect Russell Edey MGMT YES FOR FOR
7.00 Elect Chris Clark MGMT YES FOR FOR
8.00 Elect Mike Hodgkinson MGMT YES FOR FOR
9.00 Elect John Rodewig MGMT YES FOR FOR
10.00 Appoint Outside Auditors MGMT YES FOR FOR
11.00 Set Auditors' Fees MGMT YES AGNST AGNST
12.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
13.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
14.00 Authorize Share Repurchase MGMT YES FOR FOR

Grupo Modelo GMODELO 4/19/04 Annual
1.00 Amend Articles--Technical MGMT YES FOR FOR
Amend Board Powers/Procedures/Qualifications
Misc. Non-U.S. Mgt Capital
2.00 Approve Financial Statements MGMT YES AGNST AGNST
3.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
4.00 Approve Directors' Fees MGMT YES AGNST AGNST
Approve Shareholder Representative Fees
5.00 Elect Shareholder Representatives MGMT YES FOR FOR
Election of Directors by Slate
6.00 Elect Board Committee MGMT YES FOR FOR
7.00 Authorize Legal Formalities MGMT YES FOR FOR

Hi-P International 4/29/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Set Final Dividend at 0.50 MGMT YES FOR FOR
3.00 Elect Yiao Tiong Eng MGMT YES AGNST AGNST
4.00 Elect Wong Huey Fang MGMT YES AGNST AGNST
5.00 Approve Directors' Fees MGMT YES FOR FOR
6.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
7.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
Issue Stock w/ Preemptive Rights
8.00 Issue Stock w/o Preemptive Rights MGMT YES AGNST AGNST

Hirose Electric 6806 6/29/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
4.01 Elect Statutory Auditors MGMT YES FOR FOR
4.02 Elect Statutory Auditors MGMT YES FOR FOR
4.03 Elect Statutory Auditors MGMT YES FOR FOR

Impala Platinum Holdings 10/22/03 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.10 Election of Directors by Nominee MGMT YES FOR FOR
2.20 Election of Directors by Nominee MGMT YES FOR FOR
3.10 Election of Directors by Nominee MGMT YES FOR FOR
3.20 Election of Directors by Nominee MGMT YES FOR FOR
3.30 Election of Directors by Nominee MGMT YES FOR FOR
3.40 Election of Directors by Nominee MGMT YES FOR FOR
4.00 Approve Directors' Fees MGMT YES FOR FOR
5.00 Issue Stock w/ or w/o Preemptive Rights MGMT YES AGNST AGNST
6.00 Issue Stock w/o Preemptive Rights MGMT YES AGNST AGNST
7.00 Amend Stock Option Plan MGMT YES FOR FOR
8.10 Amend Board/Supervisory Board Size MGMT YES FOR FOR
Amend Board Powers/Procedures/Qualifications
8.20 Authorize Share Repurchase MGMT YES FOR FOR

Jiangxi Copper 1/15/04 Special
1.00 Approve purchasing agreement MGMT YES FOR FOR
2.00 Approve processing agreement MGMT YES FOR FOR
3.00 Approve supply agreement MGMT YES FOR FOR
4.00 Approve supply and service agreement MGMT YES FOR FOR
5.00 Increase Authorized Capital MGMT YES FOR FOR
6.00 Amend Articles--Technical MGMT YES FOR FOR
7.00 Issue Stock w/o Preemptive Rights MGMT YES AGNST AGNST

Millea Holdings Inc 8766 6/29/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
3.06 Elect Nominee No. 3.6 MGMT YES FOR FOR
3.07 Elect Nominee No. 3.7 MGMT YES FOR FOR
3.08 Elect Nominee No. 3.8 MGMT YES FOR FOR
3.09 Elect Nominee No. 3.9 MGMT YES FOR FOR
3.10 Elect Nominee No. 3.10 MGMT YES FOR FOR
3.11 Elect Nominee No. 3.11 MGMT YES FOR FOR
3.12 Elect Nominee No. 3.12 MGMT YES FOR FOR
3.13 Elect Nominee No. 3.13 MGMT YES FOR FOR
4.01 Elect Statutory Auditors MGMT YES FOR FOR
4.02 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Approve Bonuses for Retiring Statutory Auditors MGMT YES
ABSTAIN AGNST
Approve Bonuses for Retiring Directors

Mitsubishi Corp 8058 6/24/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Reduce Board Term to One Year MGMT YES FOR FOR
Waive Approval of Share Repurchase
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
3.06 Elect Nominee No. 3.6 MGMT YES FOR FOR
3.07 Elect Nominee No. 3.7 MGMT YES FOR FOR
4.01 Elect Statutory Auditors MGMT YES FOR FOR
4.02 Elect Statutory Auditors MGMT YES FOR FOR
4.03 Elect Statutory Auditors MGMT YES FOR FOR
4.04 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Approve Stock Option Grants MGMT YES FOR FOR
6.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
Approve Bonuses for Retiring Statutory Auditors

Mitsui OSK Lines Ltd 9104 6/25/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
4.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
5.00 Approve Stock Option Grants MGMT YES FOR FOR

News Corporation 652487703 10/15/03 Annual
1.00 Election of Directors by Nominee MGMT YES FOR FOR
2.00 Election of Directors by Nominee MGMT YES FOR FOR
3.00 Election of Directors by Nominee MGMT YES FOR FOR
4.00 Election of Directors by Nominee MGMT YES FOR FOR
5.00 Approve Directors for Stock Opt/Purchase Plan MGMT YES FOR FOR
6.00 Approve Directors' Fees MGMT YES FOR FOR

Nomura Holdings Inc 8604 6/26/04 Annual
1.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
2.00 Approve Stock Option Grants MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
3.06 Elect Nominee No. 3.6 MGMT YES FOR FOR
3.07 Elect Nominee No. 3.7 MGMT YES FOR FOR
3.08 Elect Nominee No. 3.8 MGMT YES FOR FOR
3.09 Elect Nominee No. 3.9 MGMT YES FOR FOR
3.10 Elect Nominee No. 3.10 MGMT YES FOR FOR
3.11 Elect Nominee No. 3.11 MGMT YES FOR FOR

Obayashi Corp 1802 6/29/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Statutory Auditors MGMT YES FOR FOR
3.02 Elect Statutory Auditors MGMT YES FOR FOR
3.03 Elect Statutory Auditors MGMT YES FOR FOR
4.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
Approve Bonuses for Retiring Statutory Auditors

Osaka Gas 9532 6/29/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
3.06 Elect Nominee No. 3.6 MGMT YES FOR FOR
3.07 Elect Nominee No. 3.7 MGMT YES FOR FOR
3.08 Elect Nominee No. 3.8 MGMT YES FOR FOR
3.09 Elect Nominee No. 3.9 MGMT YES FOR FOR
3.10 Elect Nominee No. 3.10 MGMT YES FOR FOR
3.11 Elect Nominee No. 3.11 MGMT YES FOR FOR
3.12 Elect Nominee No. 3.12 MGMT YES FOR FOR
3.13 Elect Nominee No. 3.13 MGMT YES FOR FOR
3.14 Elect Nominee No. 3.14 MGMT YES FOR FOR
3.15 Elect Nominee No. 3.15 MGMT YES FOR FOR
3.16 Elect Nominee No. 3.16 MGMT YES FOR FOR
3.17 Elect Nominee No. 3.17 MGMT YES FOR FOR
3.18 Elect Nominee No. 3.18 MGMT YES FOR FOR
3.19 Elect Nominee No. 3.19 MGMT YES FOR FOR
3.20 Elect Nominee No. 3.20 MGMT YES FOR FOR
3.21 Elect Nominee No. 3.21 MGMT YES FOR FOR
4.01 Elect Statutory Auditors MGMT YES FOR FOR
4.02 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
Approve Bonuses for Retiring Statutory Auditors

Prudential 5/6/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Elect Jonathan W. Bloomer MGMT YES FOR FOR
4.00 Elect Philip A. Broadley MGMT YES FOR FOR
5.00 Elect Robert O. Rowley MGMT YES FOR FOR
6.00 Elect Kathleen A. O'Donovan MGMT YES FOR FOR
7.00 Elect Bridget A. Macaskill MGMT YES FOR FOR
8.00 Elect Mark Norbom MGMT YES FOR FOR
9.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
10.00 Approve Political Donation MGMT YES AGNST AGNST
11.00 Approve Political Donation MGMT YES AGNST AGNST
12.00 Authorize Creation of Preferred Stock MGMT YES FOR FOR
13.00 Approve Issue of Preferred Stock MGMT YES FOR FOR
14.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
15.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
16.00 Authorize Share Repurchase MGMT YES FOR FOR
17.00 Amend Share Class Rights MGMT YES FOR FOR
Amend Articles--Technical

Reuters Group 4/22/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Set Dividend at 6.15p MGMT YES FOR FOR
4.00 Elect Thomas H. Glocer MGMT YES FOR FOR
5.00 Elect David J. Grigson MGMT YES FOR FOR
6.00 Elect Christopher Hogg MGMT YES FOR FOR
7.00 Elect Ian Strachan MGMT YES FOR FOR
8.00 Elect Charles J. F. Sinclair MGMT YES FOR FOR
9.00 Appoint Outside Auditors MGMT YES FOR FOR
10.00 Set Auditors' Fees MGMT YES FOR FOR
11.00 Approve Directors' Fees MGMT YES FOR FOR
12.00 Amend Executive Profit Sharing/Bonus Plan MGMT YES AGNST AGNST
13.00 Amend Stock Option Plan MGMT YES FOR FOR
Approve Executive Profit Sharing/Bonus Plan
14.00 Approve Option/Purchase Plan - Overseas Employees MGMT YES FOR
FOR
15.00 Approve Executive Profit Sharing/Bonus Plan MGMT YES AGNST
AGNST
16.00 Approve Option/Purchase Plan - Overseas Employees MGMT YES FOR
FOR
17.00 Authorize Share Repurchase MGMT YES FOR FOR
18.00 Amend Articles--Technical MGMT YES FOR FOR
Amend Articles Re: Treasury Shares
19.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
20.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR

Samsung Electronics 05930 796050 2/27/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
Set Dividend/Allocate Profits
2.01 Election of Directors by Slate MGMT YES FOR FOR
2.02 Elect Board Committee MGMT YES FOR FOR
2.03 Election of Directors by Slate MGMT YES FOR FOR
3.00 Approve Directors' Fees MGMT YES FOR FOR

Sawai Pharmaceutical 4555 6/25/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.01 Elect Nominee No. 2.1 MGMT YES FOR FOR
2.02 Elect Nominee No. 2.2 MGMT YES FOR FOR
2.03 Elect Nominee No. 2.3 MGMT YES FOR FOR
2.04 Elect Nominee No. 2.4 MGMT YES FOR FOR
2.05 Elect Nominee No. 2.5 MGMT YES FOR FOR
2.06 Elect Nominee No. 2.6 MGMT YES FOR FOR
2.07 Elect Nominee No. 2.7 MGMT YES FOR FOR
2.08 Elect Nominee No. 2.8 MGMT YES FOR FOR
2.09 Elect Nominee No. 2.9 MGMT YES FOR FOR
2.10 Elect Nominee No. 2.10 MGMT YES FOR FOR
3.01 Elect Statutory Auditors MGMT YES FOR FOR
3.02 Elect Statutory Auditors MGMT YES FOR FOR
3.03 Elect Statutory Auditors MGMT YES FOR FOR
4.00 Approve Bonuses for Retiring Statutory Auditors MGMT YES
ABSTAIN AGNST

Siemens SI 826197501 1/22/04 Annual
1.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
2.00 Ratify Management Acts-Symbolic MGMT YES FOR FOR
3.00 Ratify Board Acts-Symbolic MGMT YES FOR FOR
4.00 Appoint Outside Auditors MGMT YES AGNST AGNST
5.00 Elect Supervisory Board/Corporate Assembly MGMT YES AGNST AGNST
6.00 Reissuance of Shares/Treasury Stock MGMT YES FOR FOR
Authorize Share Repurchase
7.00 Increase Authorized Capital MGMT YES FOR FOR
Issue Stock w/ or w/o Preemptive Rights
8.00 Amend Articles for Capital Increase/Decrease MGMT YES FOR FOR
Increase Authorized Capital
Issue Stock w/o Preemptive Rights
Issue Convertible Debt Instruments

Sony Corp 6758 6/22/04 Annual
1.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
2.01 Elect Nominee No. 2.1 MGMT YES FOR FOR
2.02 Elect Nominee No. 2.2 MGMT YES FOR FOR
2.03 Elect Nominee No. 2.3 MGMT YES FOR FOR
2.04 Elect Nominee No. 2.4 MGMT YES FOR FOR
2.05 Elect Nominee No. 2.5 MGMT YES FOR FOR
2.06 Elect Nominee No. 2.6 MGMT YES FOR FOR
2.07 Elect Nominee No. 2.7 MGMT YES FOR FOR
2.08 Elect Nominee No. 2.8 MGMT YES FOR FOR
2.09 Elect Nominee No. 2.9 MGMT YES FOR FOR
2.10 Elect Nominee No. 2.10 MGMT YES FOR FOR
2.11 Elect Nominee No. 2.11 MGMT YES FOR FOR
2.12 Elect Nominee No. 2.12 MGMT YES FOR FOR
2.13 Elect Nominee No. 2.13 MGMT YES FOR FOR
2.14 Elect Nominee No. 2.14 MGMT YES FOR FOR
2.15 Elect Nominee No. 2.15 MGMT YES FOR FOR
2.16 Elect Nominee No. 2.16 MGMT YES FOR FOR
3.00 Approve Stock Option Grants MGMT YES FOR FOR
4.00 Approve Stock Option Grants MGMT YES FOR FOR
5.00 Disclose Compensation of Each Board Member SHLDR YES AGNST FOR

Sumitomo Mitsui Financial Group 8316 6/29/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
4.01 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
Approve Bonuses for Retiring Statutory Auditors

Telekom Malaysia 5/18/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Bonus Dividend/Bonus Share Issue MGMT YES FOR FOR
Set Final Dividend at 10.00
3.00 Elect Muhammad Radzi bin Haji Mansor MGMT YES FOR FOR
4.00 Elect Ir. Prabahar N. K. Singam MGMT YES FOR FOR
5.00 Elect Dato' Lim Kheng Guan MGMT YES FOR FOR
6.00 Elect Rosli Bin Man MGMT YES FOR FOR
7.00 Elect Tan Poh Keat MGMT YES FOR FOR
8.00 Elect Datuk Dr. Halim bin Shafie MGMT YES FOR FOR
9.00 Elect Dato' Abdul Majid bin Haji Hussein MGMT YES FOR FOR
10.00 Approve Directors' Fees MGMT YES FOR FOR
11.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
12.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR

Tesco PLC TSCDY 881575302 6/18/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Set Final Dividend at 4.77p MGMT YES FOR FOR
4.00 Amend Board Election Rules MGMT YES FOR FOR
5.00 Elect Charles Allen MGMT YES FOR FOR
6.00 Elect Philip Clarke MGMT YES FOR FOR
7.00 Elect Harald Einsmann MGMT YES FOR FOR
8.00 Elect Veronique Morali MGMT YES FOR FOR
9.00 Elect Graham F. Pimlott MGMT YES FOR FOR
10.00 Elect Richard Brasher MGMT YES FOR FOR
11.00 Elect Kenneth Hydon MGMT YES FOR FOR
12.00 Elect E. Mervyn Davies MGMT YES FOR FOR
13.00 Elect David H. L. Reid MGMT YES FOR FOR
14.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
15.00 Increase Authorized Capital MGMT YES FOR FOR
16.00 Approve Scrip Dividend/Dividend Reinvestment Plan MGMT YES FOR
FOR
17.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
18.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
19.00 Authorize Share Repurchase MGMT YES FOR FOR
20.00 Approve Political Donation MGMT YES AGNST AGNST
21.00 Approve Political Donation MGMT YES AGNST AGNST
22.00 Approve Political Donation MGMT YES AGNST AGNST
23.00 Approve Political Donation MGMT YES AGNST AGNST
24.00 Approve Executive Profit Sharing/Bonus Plan MGMT YES FOR FOR
25.00 Approve Stock Option Plan MGMT YES FOR FOR

Teva Pharmaceutical 881624209 10/27/03 Special
1.00 Election of Directors by Nominee MGMT YES FOR FOR
2.00 Approve Directors' Fees MGMT YES FOR FOR

Toyota Motor Corp 7203 6/23/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
3.06 Elect Nominee No. 3.6 MGMT YES FOR FOR
3.07 Elect Nominee No. 3.7 MGMT YES FOR FOR
3.08 Elect Nominee No. 3.8 MGMT YES FOR FOR
3.09 Elect Nominee No. 3.9 MGMT YES FOR FOR
3.10 Elect Nominee No. 3.10 MGMT YES FOR FOR
3.11 Elect Nominee No. 3.11 MGMT YES FOR FOR
3.12 Elect Nominee No. 3.12 MGMT YES FOR FOR
3.13 Elect Nominee No. 3.13 MGMT YES FOR FOR
3.14 Elect Nominee No. 3.14 MGMT YES FOR FOR
3.15 Elect Nominee No. 3.15 MGMT YES FOR FOR
3.16 Elect Nominee No. 3.16 MGMT YES FOR FOR
3.17 Elect Nominee No. 3.17 MGMT YES FOR FOR
3.18 Elect Nominee No. 3.18 MGMT YES FOR FOR
3.19 Elect Nominee No. 3.19 MGMT YES FOR FOR
3.20 Elect Nominee No. 3.20 MGMT YES FOR FOR
3.21 Elect Nominee No. 3.21 MGMT YES FOR FOR
3.22 Elect Nominee No. 3.22 MGMT YES FOR FOR
3.23 Elect Nominee No. 3.23 MGMT YES FOR FOR
3.24 Elect Nominee No. 3.24 MGMT YES FOR FOR
3.25 Elect Nominee No. 3.25 MGMT YES FOR FOR
3.26 Elect Nominee No. 3.26 MGMT YES FOR FOR
3.27 Elect Nominee No. 3.27 MGMT YES FOR FOR
4.00 Approve Stock Option Grants MGMT YES FOR FOR
5.00 Authorize Share Repurchase MGMT YES FOR FOR
6.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
7.00 Increase Dividend SHLDR YES AGNST FOR
8.00 Disclose Compensation of Each Board Member SHLDR YES AGNST FOR
9.00 Ban Political Contributions SHLDR YES AGNST FOR

Vimpel Communications 68370R109 10/24/03 Special
1.00 Approve Restructuring/Recapitalization MGMT YES FOR FOR
2.00 Approve Related Party Transactions MGMT YES FOR FOR
3.00 Increase Authorized Capital MGMT YES FOR FOR
4.00 Convert Subsidiary Stock MGMT YES FOR FOR
Issue Stock w/o Preemptive Rights
5.00 Convert Subsidiary Stock MGMT YES FOR FOR
Issue Stock w/o Preemptive Rights

Vodafone Group 7/30/03 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Elect Lord Ian MacLaurin of Knebworth MGMT YES FOR FOR
4.00 Elect Kenneth Hydon MGMT YES FOR FOR
5.00 Elect Thomas Geitner MGMT YES FOR FOR
6.00 Elect Sir Alec Broers MGMT YES FOR FOR
7.00 Elect Jurgen Schrempp MGMT YES FOR FOR
8.00 Elect John Buchanan MGMT YES FOR FOR
9.00 Set Final Dividend at 0.8963 p MGMT YES FOR FOR
10.00 Appoint Outside Auditors MGMT YES FOR FOR
11.00 Set Auditors' Fees MGMT YES AGNST AGNST
12.00 Approve Political Donation MGMT YES FOR FOR
13.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
14.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
15.00 Authorize Share Repurchase MGMT YES FOR FOR

WPP Group WPPGY 929309300 4/16/04 Special
1.00 Approve Executive Profit Sharing/Bonus Plan MGMT YES AGNST
AGNST

Yaskawa Electric 6506 6/17/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES FOR FOR
3.01 Elect Nominee No. 3.1 MGMT YES FOR FOR
3.02 Elect Nominee No. 3.2 MGMT YES FOR FOR
3.03 Elect Nominee No. 3.3 MGMT YES FOR FOR
3.04 Elect Nominee No. 3.4 MGMT YES FOR FOR
3.05 Elect Nominee No. 3.5 MGMT YES FOR FOR
3.06 Elect Nominee No. 3.6 MGMT YES FOR FOR
3.07 Elect Nominee No. 3.7 MGMT YES FOR FOR
3.08 Elect Nominee No. 3.8 MGMT YES FOR FOR
3.09 Elect Nominee No. 3.9 MGMT YES FOR FOR
3.10 Elect Nominee No. 3.10 MGMT YES FOR FOR
3.11 Elect Nominee No. 3.11 MGMT YES FOR FOR
3.12 Elect Nominee No. 3.12 MGMT YES FOR FOR
3.13 Elect Nominee No. 3.13 MGMT YES FOR FOR
3.14 Elect Nominee No. 3.14 MGMT YES FOR FOR
3.15 Elect Nominee No. 3.15 MGMT YES FOR FOR
4.01 Elect Statutory Auditors MGMT YES FOR FOR
4.02 Elect Statutory Auditors MGMT YES FOR FOR
4.03 Elect Statutory Auditors MGMT YES FOR FOR
4.04 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Approve Bonuses for Retiring Directors MGMT YES ABSTAIN AGNST
Approve Bonuses for Retiring Statutory Auditors

Item 1. Proxy Voting Record
Account Number: JUBG SunAmerica Value Portfolio

AGL Resources ATG 001204106 4/28/04 Annual
1.01 Elect Thomas D. Bell Jr. MGMT YES WHOLD AGNST
1.02 Elect Michael J. Durham MGMT YES WHOLD AGNST
1.03 Elect D. Raymond Riddle MGMT YES WHOLD AGNST
1.04 Elect Felker W. Ward Jr. MGMT YES WHOLD AGNST
1.05 Elect Henry C. Wolf MGMT YES WHOLD AGNST

Air Products and Chemicals APD 009158106 1/22/04 Annual
1.01 Elect W. Douglas Ford MGMT YES FOR FOR
1.02 Elect James F. Hardymon MGMT YES FOR FOR
1.03 Elect Paula G. Rosput MGMT YES FOR FOR
1.04 Elect Lawrason D. Thomas MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Albemarle ALB 012653101 3/31/04 Annual
1.01 Elect Mark C. Rohr MGMT YES FOR FOR
1.02 Elect Lloyd B. Andrew MGMT YES FOR FOR
1.03 Elect Charles E. Stewart MGMT YES FOR FOR
1.04 Elect William M. Gottwald MGMT YES FOR FOR
1.05 Elect Seymour S. Preston III MGMT YES FOR FOR
1.06 Elect John Sherman Jr. MGMT YES FOR FOR
1.07 Elect Floyd D. Gottwald Jr. MGMT YES FOR FOR
1.08 Elect Richard L. Morrill MGMT YES FOR FOR
1.09 Elect Anne Marie Whittemore MGMT YES FOR FOR
1.10 Elect John D. Gottwald MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Allstate Corp ALL 020002101 5/18/04 Annual
1.01 Elect F. Duane Ackerman MGMT YES WHOLD AGNST
1.02 Elect James G. Andress MGMT YES WHOLD AGNST
1.03 Elect Edward A. Brennan MGMT YES WHOLD AGNST
1.04 Elect W. James Farrell MGMT YES WHOLD AGNST
1.05 Elect Jack M. Greenberg MGMT YES WHOLD AGNST
1.06 Elect Ronald T. LeMay MGMT YES WHOLD AGNST
1.07 Elect Edward M. Liddy MGMT YES WHOLD AGNST
1.08 Elect J. Christopher Reyes MGMT YES WHOLD AGNST
1.09 Elect H. John Riley Jr. MGMT YES WHOLD AGNST
1.10 Elect Joshua I. Smith MGMT YES WHOLD AGNST
1.11 Elect Judith A. Sprieser MGMT YES WHOLD AGNST
1.12 Elect Mary Alice Taylor MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Approve Long-Term Bonus Plan MGMT YES FOR FOR
5.00 Adopt Cumulative Voting SHLDR YES AGNST FOR

Ameren AEE 023608102 4/27/04 Annual
1.01 Elect Susan S. Elliott MGMT YES FOR FOR
1.02 Elect Clifford L. Greenwalt MGMT YES FOR FOR
1.03 Elect Thomas A. Hays MGMT YES FOR FOR
1.04 Elect Richard A. Liddy MGMT YES FOR FOR
1.05 Elect Gordon R. Lohman MGMT YES FOR FOR
1.06 Elect Richard A. Lumpkin MGMT YES FOR FOR
1.07 Elect John P. MacCarthy MGMT YES FOR FOR
1.08 Elect Paul L. Miller Jr. MGMT YES FOR FOR
1.09 Elect Charles W. Mueller MGMT YES FOR FOR
1.10 Elect Douglas R. Oberhelman MGMT YES FOR FOR
1.11 Elect Gary L. Rainwater MGMT YES FOR FOR
1.12 Elect Harvey Saligman MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review Nuclear Facility/Waste SHLDR YES AGNST FOR

Archer-Daniels-Midland ADM 039483102 11/6/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

BP BP 055622104 4/15/04 Annual
1.00 Elect John Browne of Madingley MGMT YES FOR FOR
2.00 Elect Byron E. Grote MGMT YES FOR FOR
3.00 Elect H.M. Miles MGMT YES FOR FOR
4.00 Elect Robin Nicholson MGMT YES FOR FOR
5.00 Elect Richard Olver MGMT YES FOR FOR
6.00 Elect Ian Prosser MGMT YES FOR FOR
7.00 Elect Antony Burgmans MGMT YES FOR FOR
8.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
9.00 Amend Board Election Rules MGMT YES FOR FOR
Amend Articles Regarding Treasury Shares
10.00 Issue Stock w/ Preemptive Rights MGMT YES FOR FOR
11.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
12.00 Authorize Share Repurchase MGMT YES FOR FOR
13.00 Reissuance of Shares/Treasury Stock MGMT YES FOR FOR
14.00 Approve Remuneration Policy MGMT YES FOR FOR
15.00 Approve Directors' Fees MGMT YES FOR FOR
16.00 Approve Financial Statements MGMT YES FOR FOR
17.00 Report on Environmental Performance SHLDR YES AGNST FOR

Burlington Northern Santa Fe BNI 12189T104 4/21/04 Annual
1.01 Elect Alan L. Boeckmann MGMT YES WHOLD AGNST
1.02 Elect Vilma S. Martinez MGMT YES WHOLD AGNST
1.03 Elect Marc F. Racicot MGMT YES WHOLD AGNST
1.04 Elect Roy S. Roberts MGMT YES WHOLD AGNST
1.05 Elect Matthew K. Rose MGMT YES WHOLD AGNST
1.06 Elect Marc J. Shapiro MGMT YES WHOLD AGNST
1.07 Elect J.C. Watts Jr. MGMT YES WHOLD AGNST
1.08 Elect Robert H. West MGMT YES WHOLD AGNST
1.09 Elect J. Steven Whisler MGMT YES WHOLD AGNST
1.10 Elect Edward E. Whitacre Jr. MGMT YES WHOLD AGNST
1.11 Elect Michael B. Yanney MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Campbell Soup CPB 134429109 11/21/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Cascade Natural Gas CGC 147339105 1/28/04 Annual
1.01 Elect Pirkko H. Borland MGMT YES FOR FOR
1.02 Elect Carl Burnham Jr. MGMT YES FOR FOR
1.03 Elect Thomas E. Cronin MGMT YES FOR FOR
1.04 Elect David A. Ederer MGMT YES FOR FOR
1.05 Elect W. Brian Matsuyama MGMT YES FOR FOR
1.06 Elect Mary E. Pugh MGMT YES FOR FOR
1.07 Elect Larry L. Pinnt MGMT YES FOR FOR
1.08 Elect Brooks G. Ragen MGMT YES FOR FOR
1.09 Elect Douglas G. Thomas MGMT YES FOR FOR
2.00 Adopt Director Stock Award Plan MGMT YES FOR FOR

CNA Surety SUR 12612L108 5/11/04 Annual
1.01 Elect Philip H. Britt MGMT YES WHOLD AGNST
1.02 Elect Roy E. Posner MGMT YES WHOLD AGNST
1.03 Elect Adrian M. Tocklin MGMT YES WHOLD AGNST
1.04 Elect James R. Lewis MGMT YES WHOLD AGNST
1.05 Elect Ken Miller MGMT YES WHOLD AGNST
1.06 Elect Thomas Pontarelli MGMT YES WHOLD AGNST
1.07 Elect John Welch MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Commerce Bancshares CBSH 200525103 4/21/04 Annual
1.01 Elect Thomas A. McDonnell MGMT YES WHOLD AGNST
1.02 Elect Benjamin F. Rassieur III MGMT YES WHOLD AGNST
1.03 Elect Andrew C. Taylor MGMT YES WHOLD AGNST
1.04 Elect Robert H. West MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Award Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Edwards (A G) Inc AGE 281760108 6/24/04 Annual
1.01 Elect Robert L. Bagby MGMT YES FOR FOR
1.02 Elect E. Eugene Carter MGMT YES FOR FOR
1.03 Elect Peter B. Madoff MGMT YES FOR FOR
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Heinz (H.J.) HNZ 423074103 9/12/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Hubbell HUB 443510201 5/3/04 Annual
1.01 Elect E. Richard Brooks MGMT YES FOR FOR
1.02 Elect George W. Edwards Jr. MGMT YES FOR FOR
1.03 Elect Andrew McNally IV MGMT YES FOR FOR
1.04 Elect Malcolm Wallop MGMT YES FOR FOR
1.05 Elect Daniel J. Meyer MGMT YES FOR FOR
1.06 Elect Daniel S. Van Riper MGMT YES FOR FOR
1.07 Elect Richard J. Swift MGMT YES FOR FOR
1.08 Elect Joel S. Hoffman MGMT YES FOR FOR
1.09 Elect G. Jackson Ratcliffe Jr. MGMT YES FOR FOR
1.10 Elect Timothy H. Powers MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Idacorp Inc IDA 451107106 5/20/04 Annual
1.01 Elect Rotchford L. Barker MGMT YES WHOLD AGNST
1.02 Elect Jon H. Miller MGMT YES WHOLD AGNST
1.03 Elect Robert A. Tinstman MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review Charitable Giving Policy SHLDR YES AGNST FOR

Jefferson-Pilot JP 475070108 5/3/04 Annual
1.01 Elect Dennis R. Glass MGMT YES WHOLD AGNST
1.02 Elect George W. Henderson III MGMT YES WHOLD AGNST
1.03 Elect Patrick S. Pittard MGMT YES WHOLD AGNST
2.01 Elect Robert G. Greer MGMT YES WHOLD AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Adopt Director Stock Option Plan MGMT YES FOR FOR

Kansas City Life Insurance KCLI 484836101 4/22/04 Annual
1.01 Elect William R. Blessing MGMT YES WHOLD AGNST
1.02 Elect Richard L. Finn MGMT YES WHOLD AGNST
1.03 Elect Bruce W. Gordon MGMT YES WHOLD AGNST
1.04 Elect Cecil R. Miller MGMT YES WHOLD AGNST
1.05 Elect Bradford T. Nordholm MGMT YES WHOLD AGNST

Kellogg K 487836108 4/23/04 Annual
1.01 Elect Benjamin S. Carson MGMT YES WHOLD AGNST
1.02 Elect Gordon Gund MGMT YES WHOLD AGNST
1.03 Elect Dorothy A. Johnson MGMT YES WHOLD AGNST
1.04 Elect Ann McLaughlin Korologos MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review or Curb Bioengineering SHLDR YES AGNST FOR

Kimberly-Clark KMB 494368103 4/29/04 Annual
1.01 Elect Pastora San Juan Cafferty MGMT YES WHOLD AGNST
1.02 Elect Claudio X. Gonzalez Laporte MGMT YES WHOLD AGNST
1.03 Elect Linda Johnson Rice MGMT YES WHOLD AGNST
1.04 Elect Marc J. Shapiro MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES FOR FOR
Amend Stock Option Plan
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR

Kraft Foods KFT 50075N104 4/27/04 Annual
1.01 Elect Loius C. Camilleri MGMT YES WHOLD AGNST
1.02 Elect Roger K. Deromedi MGMT YES WHOLD AGNST
1.03 Elect Dinyar S. Devitre MGMT YES WHOLD AGNST
1.04 Elect W. James Farrell MGMT YES WHOLD AGNST
1.05 Elect Betsy D. Holden MGMT YES WHOLD AGNST
1.06 Elect John C. Pope MGMT YES WHOLD AGNST
1.07 Elect Mary L. Shapiro MGMT YES WHOLD AGNST
1.08 Elect Charles R. Wall MGMT YES WHOLD AGNST
1.09 Elect Deborah C. Wright MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Limited Brands Inc LTD 532716107 5/17/04 Annual
1.01 Elect Eugene M. Freedman MGMT YES WHOLD AGNST
1.02 Elect V. Ann Hailey MGMT YES WHOLD AGNST
1.03 Elect David T. Kollat MGMT YES WHOLD AGNST
1.04 Elect Leslie H. Wexner MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Marsh & McLennan Cos MMC 571748102 5/20/04 Annual
1.01 Elect Lewis W. Bernard MGMT YES WHOLD AGNST
1.02 Elect Mathis Cabiallavetta MGMT YES WHOLD AGNST
1.03 Elect Zachary W. Carter MGMT YES WHOLD AGNST
1.04 Elect Robert F. Erburu MGMT YES WHOLD AGNST
1.05 Elect Oscar Fanjul MGMT YES WHOLD AGNST
1.06 Elect Ray J. Groves MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Mattel Inc MAT 577081102 5/13/04 Annual
1.01 Elect Eugene P. Beard MGMT YES FOR FOR
1.02 Elect Michael J. Dolan MGMT YES FOR FOR
1.03 Elect Robert A. Eckert MGMT YES FOR FOR
1.04 Elect Tully M. Friedman MGMT YES FOR FOR
1.05 Elect Ronald M. Loeb MGMT YES FOR FOR
1.06 Elect Andrea L. Rich MGMT YES FOR FOR
1.07 Elect Ronald L. Sargent MGMT YES FOR FOR
1.08 Elect Christopher A. Sinclair MGMT YES FOR FOR
1.09 Elect G. Craig Sullivan MGMT YES FOR FOR
1.10 Elect John L. Vogelstein MGMT YES FOR FOR
1.11 Elect Kathy Brittain White MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST
4.00 Limit Consulting by Auditors SHLDR YES AGNST FOR

Mercantile Bankshares Corp MRBK 587405101 5/11/04 Annual
1.01 Elect Cynthia A. Archer MGMT YES WHOLD AGNST
1.02 Elect Richard O. Berndt MGMT YES WHOLD AGNST
1.03 Elect Howard B. Bowen MGMT YES WHOLD AGNST
1.04 Elect William R. Brody MGMT YES WHOLD AGNST
1.05 Elect Edward J. Kelly III MGMT YES WHOLD AGNST
1.06 Elect Morton B. Plant MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Amend Deferred Compensation Plan MGMT YES FOR FOR

Nicor GAS 654086107 4/15/04 Annual
1.01 Elect Robert M. Beavers Jr. MGMT YES FOR FOR
1.02 Elect Bruce P. Bickner MGMT YES FOR FOR
1.03 Elect John H. Birdsall III MGMT YES FOR FOR
1.04 Elect Thomas A. Donahoe MGMT YES FOR FOR
1.05 Elect Thomas L. Fisher MGMT YES FOR FOR
1.06 Elect John E. Jones MGMT YES FOR FOR
1.07 Elect Dennis J. Keller MGMT YES FOR FOR
1.08 Elect William A. Osborn MGMT YES FOR FOR
1.09 Elect John Rau MGMT YES FOR FOR
1.10 Elect John F. Riordan MGMT YES FOR FOR
1.11 Elect Russ M. Strobel MGMT YES FOR FOR
1.12 Elect Patricia A. Wier MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Redeem or Vote on Poison Pill SHLDR YES AGNST FOR

Nordson NDSN 655663102 3/11/04 Annual
1.01 Elect William D. Ginn MGMT YES FOR FOR
1.02 Elect Stephen R. Hardis MGMT YES FOR FOR
1.03 Elect William L. Robinson MGMT YES FOR FOR
1.04 Elect Benedict P. Rosen MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Olin OLN 680665205 4/29/04 Annual
1.01 Elect Michael Coleman MGMT YES WHOLD AGNST
1.02 Elect Donald W. Griffin MGMT YES WHOLD AGNST
1.03 Elect Randall W. Larrimore MGMT YES WHOLD AGNST
1.04 Elect Anthony W. Ruggiero MGMT YES WHOLD AGNST
1.05 Elect Philip J. Schulz MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Piedmont Natural Gas PNY 720186105 2/27/04 Annual
1.01 Elect Jerry W. Amos MGMT YES FOR FOR
1.02 Elect D. Hayes Clement MGMT YES FOR FOR
1.03 Elect Thomas E. Skains MGMT YES FOR FOR
1.04 Elect Frank B. Holding Jr. MGMT YES FOR FOR
1.05 Elect David E. Shi MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Long-Term Bonus Plan MGMT YES FOR FOR

Pitney Bowes PBI 724479100 5/10/04 Annual
1.01 Elect Linda G. Alvarado MGMT YES WHOLD AGNST
1.02 Elect Ernest Green MGMT YES WHOLD AGNST
1.03 Elect John S. McFarlane MGMT YES WHOLD AGNST
1.04 Elect Eduardo R. Menasce MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Review Political Spending SHLDR YES AGNST FOR

Rayonier Inc RYN 754907103 5/20/04 Annual
1.01 Elect Ronald M. Gross MGMT YES FOR FOR
1.02 Elect Thomas I. Morgan MGMT YES FOR FOR
1.03 Elect Katherine D. Ortega MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES FOR FOR
Amend Stock Option Plan

Rockwell Collins COL 774341101 2/10/04 Annual
1.01 Elect Donald R. Beall MGMT YES FOR FOR
1.02 Elect Richard J. Ferris MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Snap-On SNA 833034101 4/22/04 Annual
1.01 Elect John F. Fiedler MGMT YES WHOLD AGNST
1.02 Elect W. Dudley Lehman MGMT YES WHOLD AGNST
1.03 Elect Frank S. Ptak MGMT YES WHOLD AGNST
1.04 Elect Edward H. Rensi MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Sonoco Products SON 835495102 4/21/04 Annual
1.01 Elect F.L.H. Coker MGMT YES WHOLD AGNST
1.02 Elect C. C. Fort MGMT YES WHOLD AGNST
1.03 Elect Bernard L. Kasriel MGMT YES WHOLD AGNST
1.04 Elect John H. Mullin III MGMT YES WHOLD AGNST
1.05 Elect T.E. Whiddon MGMT YES WHOLD AGNST
1.06 Elect J.M. Micali MGMT YES WHOLD AGNST
2.00 Sell The Company SHLDR YES AGNST FOR

Stanley Works SWK 854616109 4/23/04 Annual
1.01 Elect John G. Breen MGMT YES WHOLD AGNST
1.02 Elect Virgis W. Colbert MGMT YES WHOLD AGNST
1.03 Elect John F. Lundgren MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES AGNST FOR

Sun Communities SUI 866674104 5/20/04 Annual
1.01 Elect Clunet R. Lewis MGMT YES FOR FOR
1.02 Elect Arthur A. Weiss MGMT YES FOR FOR
2.00 Adopt Director Stock Option Plan MGMT YES FOR FOR

SunTrust Banks STI 867914103 4/20/04 Annual
1.01 Elect J. Hicks Lanier MGMT YES WHOLD AGNST
1.02 Elect Larry L. Prince MGMT YES WHOLD AGNST
1.03 Elect Frank S. Royal M.D. MGMT YES WHOLD AGNST
1.04 Elect Robert M. Beall II MGMT YES WHOLD AGNST
1.05 Elect Jeffrey C. Crowe MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

UMB Financial UMBF 902788108 4/29/04 Annual
1.01 Elect Paul D. Bartlett Jr. MGMT YES WHOLD AGNST
1.02 Elect William L. Bishop MGMT YES WHOLD AGNST
1.03 Elect David R. Bradley, Jr. MGMT YES WHOLD AGNST
1.04 Elect Newton A. Campbell MGMT YES WHOLD AGNST
1.05 Elect James R. Elsesser MGMT YES WHOLD AGNST
1.06 Elect Peter J. Genovese MGMT YES WHOLD AGNST
1.07 Elect C.N. Hoffman, III MGMT YES WHOLD AGNST
1.08 Elect Alexander C. Kemper MGMT YES WHOLD AGNST
1.09 Elect Mary Lynn Oliver MGMT YES WHOLD AGNST
1.10 Elect Kris A. Robbins MGMT YES WHOLD AGNST
1.11 Elect Terrence P. Dunn MGMT YES WHOLD AGNST
1.12 Elect Greg M. Graves MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

United Bankshares Inc UBSI 909907107 5/17/04 Annual
1.01 Elect Richard M. Adams MGMT YES WHOLD AGNST
1.02 Elect Robert G. Astorg MGMT YES WHOLD AGNST
1.03 Elect Thomas J. Blair III MGMT YES WHOLD AGNST
1.04 Elect Harry L. Buch MGMT YES WHOLD AGNST
1.05 Elect W. Gaston Caperton III MGMT YES WHOLD AGNST
1.06 Elect Lawrence K. Doll MGMT YES WHOLD AGNST
1.07 Elect H. Smoot Fahlgren MGMT YES WHOLD AGNST
1.08 Elect Theodore J. Georgelas MGMT YES WHOLD AGNST
1.09 Elect F.T. Graff Jr. MGMT YES WHOLD AGNST
1.10 Elect Russell L. Isaacs MGMT YES WHOLD AGNST
1.11 Elect John M. McMahon MGMT YES WHOLD AGNST
1.12 Elect J. Paul McNamara MGMT YES WHOLD AGNST
1.13 Elect G. Ogden Nutting MGMT YES WHOLD AGNST
1.14 Elect William C. Pitt III MGMT YES WHOLD AGNST
1.15 Elect I.N. Smith Jr. MGMT YES WHOLD AGNST
1.16 Elect James G. Tardiff MGMT YES WHOLD AGNST
1.17 Elect Mary K. Weddle MGMT YES WHOLD AGNST
1.18 Elect P. Clinton Winter Jr. MGMT YES WHOLD AGNST
2.00 Approve Other Business MGMT YES FOR FOR

UST UST 902911106 5/4/04 Annual
1.01 Elect John P. Clancey MGMT YES WHOLD AGNST
1.02 Elect Vincent A. Gierer, Jr. MGMT YES WHOLD AGNST
1.03 Elect Joseph E. Heid MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Redeem or Vote on Poison Pill SHLDR YES FOR N/A
4.00 Review or Reduce Tobacco Harm to Health SHLDR YES AGNST FOR

VF VFC 918204108 4/27/04 Annual
1.01 Elect Edward E. Crutchfield MGMT YES WHOLD AGNST
1.02 Elect George Fellows MGMT YES WHOLD AGNST
1.03 Elect Daniel R. Hesse MGMT YES WHOLD AGNST
1.04 Elect Clarence Otis Jr. MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES FOR FOR
Amend Stock Option Plan
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Repeal Classified Board SHLDR YES AGNST FOR
5.00 Monitor/Adopt ILO Conventions SHLDR YES AGNST FOR

Vulcan Materials Co VMC 929160109 5/14/04 Annual
1.01 Elect Orin R. Smith MGMT YES WHOLD AGNST
1.02 Elect Douglas J. McGregor MGMT YES WHOLD AGNST
1.03 Elect Donald B. Rice MGMT YES WHOLD AGNST
1.04 Elect Vincent J. Trosino MGMT YES WHOLD AGNST
2.00 Adopt Director Stock Award Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Washington Federal WFSL 938824109 1/21/04 Annual
1.01 Elect Thomas F Kenney MGMT YES FOR FOR
1.02 Elect Derek L Chinn MGMT YES FOR FOR
1.03 Elect W. Alden Harris MGMT YES FOR FOR
1.04 Elect Guy C. Pinkerton MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Waste Management Inc WMI 94106L109 5/14/04 Annual
1.01 Elect Pastora San Juan Cafferty MGMT YES FOR FOR
1.02 Elect Frank M. Clark Jr. MGMT YES FOR FOR
1.03 Elect Robert Stevens Miller Jr. MGMT YES FOR FOR
1.04 Elect A. Maurice Myers MGMT YES FOR FOR
1.05 Elect John C. Pope MGMT YES FOR FOR
1.06 Elect W. Robert Reum MGMT YES FOR FOR
1.07 Elect Steven G. Rothmeier MGMT YES FOR FOR
1.08 Elect David P. Steiner MGMT YES FOR FOR
1.09 Elect Carl W. Vogt MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR

WGL Holdings WGL 92924F106 3/2/04 Annual
1.01 Elect Michael D. Barnes MGMT YES FOR FOR
1.02 Elect Daniel J. Callahan III MGMT YES FOR FOR
1.03 Elect George Patrick Clancy Jr. MGMT YES FOR FOR
1.04 Elect James H. DeGraffenreidt Jr. MGMT YES FOR FOR
1.05 Elect James W Dyke Jr MGMT YES FOR FOR
1.06 Elect Melvyn J. Estrin MGMT YES FOR FOR
1.07 Elect James F LaFond MGMT YES FOR FOR
1.08 Elect Debra L. Lee MGMT YES FOR FOR
1.09 Elect Karen Hastie Williams MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Cumulative Voting SHLDR YES AGNST FOR

Whitney Holding WTNY 966612103 4/28/04 Annual
1.01 Elect Kathryn M. Sullivan MGMT YES WHOLD AGNST
1.02 Elect Harry J. Blumenthal Jr. MGMT YES WHOLD AGNST
1.03 Elect Joel B. Bullard Jr. MGMT YES WHOLD AGNST
1.04 Elect Angus R. Cooper II MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Repeal Fair Price Provision SHLDR YES AGNST FOR

Item 1. Proxy Voting Record
Account Number: JU11 Blue Chip Growth

Anthem Inc ATH 03674B104 6/28/04 Special
1.00 Approve Common Stock Issuance MGMT YES FOR FOR
Approve Merger/Acquisition
2.00 Approve Name Change MGMT YES FOR FOR

BEA Systems BEAS 073325102 7/11/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Boston Scientific BSX 101137107 10/6/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

Coach COH 189754104 11/5/03 Annual
1.00 Elect Directors MGMT YES FOR FOR

Ebay Inc EBAY 278642103 6/24/04 Annual
1.01 Elect Phillipe Bourguignon MGMT YES FOR FOR
1.02 Elect Tomas J. Tierney MGMT YES FOR FOR
1.03 Elect Margaret C. Whitman MGMT YES FOR FOR
2.00 Limit Per-Employee Awards MGMT YES FOR FOR
Add Shares to Stock Option Plan
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Increase Authorized Common Stock MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES FOR FOR
6.00 Expense Stock Options SHLDR YES FOR AGNST

Lauder (Estee) -Cl A EL 518439104 11/5/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Nokia NOK 654902204 3/25/04 Annual
1.01 Approve Financial Statements MGMT YES FOR FOR
1.02 Set Dividend/Allocate Profits MGMT YES FOR FOR
1.03 Ratify Management Acts-Legal MGMT YES ABSTAIN AGNST
Ratify Board Acts-Legal
1.04 Approve Directors' Fees MGMT YES AGNST AGNST
1.05 Election of Directors by Slate MGMT YES FOR FOR
1.06 Set Auditors' Fees MGMT YES FOR FOR
1.07 Appoint Outside Auditors MGMT YES FOR FOR
2.00 Reduce Authorized Capital MGMT YES FOR FOR
Cancel Authorized Stock
3.00 Increase Authorized Capital MGMT YES FOR FOR
Issue Stock w/o Preemptive Rights
4.00 Authorize Share Repurchase MGMT YES FOR FOR
5.00 Authorize Trade in Company Stock MGMT YES FOR FOR
6.00 Authorize Charitable Donations MGMT YES FOR FOR

Sharper Image SHRP 820013100 6/7/04 Annual
1.01 Elect Morton David MGMT YES FOR FOR
1.02 Elect George B. James MGMT YES FOR FOR
1.03 Elect Gerald Napier MGMT YES FOR FOR
1.04 Elect Alan Thalheimer MGMT YES FOR FOR
1.05 Elect Richard Thalheimer MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Smith International SII 832110100 4/20/04 Annual
1.01 Elect James R. Gibbs MGMT YES WHOLD AGNST
1.02 Elect Jerry W. Neely MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Teva Pharmaceutical 881624209 10/27/03 Special
1.00 Election of Directors by Nominee MGMT YES FOR FOR
2.00 Approve Directors' Fees MGMT YES FOR FOR

UnitedHealth Group Inc UNH 91324P102 5/12/04 Annual
1.01 Elect William C. Ballard Jr. MGMT YES WHOLD AGNST
1.02 Elect Richard T. Burke MGMT YES WHOLD AGNST
1.03 Elect Stephen J. Hemsley MGMT YES WHOLD AGNST
1.04 Elect Donna E. Shalala MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Expense Stock Options SHLDR YES FOR AGNST
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Xilinx XLNX 983919101 8/7/03 Annual
1.00 Elect Directors MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Zimmer Holdings ZMH 98956P102 7/22/03 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance

- -------------------------------------------------------------------------
(Registrant)

By _______________________________________________________________________
(Signature & Title)

Date _____________________________________________________________________

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) SunAmerica Equity Funds
------------------------------------------------------------------
By (Signature and Title)* Robert M. Zakem, Senior Vice President and
General Counsel
------------------------------------------------------
Date 8/20/04
--------------------------------------------------------------------------