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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 811-03626
---------------------------------------------
CITIZENS FUNDS*
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)

One Harbour Place, Portsmouth, New Hampshire 03801
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)

Sophia Collier, Citizens Advisers, Inc.,
One Harbour Place, Portsmouth, NH 03801
- -------------------------------------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: (603) 436-5152
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Date of fiscal year end: June 30, 2004
-------------------
Date of reporting period: July 1, 2003 through June 30, 2004
------------------------------------

* This filing applies only to the following series of the Registrant:

Citizens Small Cap Core Growth Fund
Citizens Emerging Growth Fund
Citizens Core Growth Fund
Citizens 300 Fund
Citizens Small Cap Value Fund
Citizens Value Fund
Citizens Global Equity Fund
Citizens Balanced Fund
Citizens International Growth Fund
Citizens Income Fund
Citizens Ultra Short Bond Fund
Citizens Money Market Fund
Citizens Prime Money Market Fund
Citizens Government Obligation Fund

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.

Citizens Small Cap Core Growth Fund

Item 1. Proxy Voting Record
Account Number: 010033767548

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
Able Laboratories ABRX 00371N407 6/23/04 Annual
1.01 Elect Elliot F. Hahn MGMT YES WHOLD AGNST
1.02 Elect Robert J. Mauro MGMT YES WHOLD AGNST
1.03 Elect Harry J. Silverman MGMT YES WHOLD AGNST
1.04 Elect David S. Tierney MGMT YES WHOLD AGNST
1.05 Elect Jerry I. Treppel MGMT YES WHOLD AGNST
1.06 Elect Dhananjay G. Wadekar MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Advancis AVNC 00764L109 6/3/04 Annual
1.01 Elect Director Nominee MGMT YES WHOLD AGNST
1.02 Elect Director Nominee MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST

Affiliated Managers Group AMG 008252108 6/8/04 Annual
1.01 Elect William J. Nutt MGMT YES WHOLD AGNST
1.02 Elect Sean M. Healey MGMT YES WHOLD AGNST
1.03 Elect Richard E. Floor MGMT YES WHOLD AGNST
1.04 Elect Stephen J. Lockwood MGMT YES WHOLD AGNST
1.05 Elect Harold J. Meyerman MGMT YES WHOLD AGNST
1.06 Elect Robert C. Puff Jr MGMT YES WHOLD AGNST
1.07 Elect Rita M. Rodriguez MGMT YES WHOLD AGNST

American Medical Systems Holdings AMMD 02744M108 5/6/04 Annual
1.01 Elect Albert Jay Graf MGMT YES WHOLD AGNST

Amerigroup Corp AGP 03073T102 5/12/04 Annual
1.01 Elect Jeffrey L. McWaters MGMT YES WHOLD AGNST
1.02 Elect Uwe E. Reinhardt MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Angiotech Pharmaceuticals ANPI 034918102 1/20/04 Special
1.00 Approve Stock Split MGMT YES FOR FOR
2.00 Approve Stock Option Plan MGMT YES FOR FOR
Approve Outside Directors Stock Option Plan

Angiotech Pharmaceuticals ANPI 034918102 6/10/04 Annual
1.00 Amend Board/Supervisory Board Size MGMT YES FOR FOR
2.01 Elect William L. Hunter MGMT YES FOR FOR
2.02 Elect David T. Howard MGMT YES FOR FOR
2.03 Elect Hartley T. Richardson MGMT YES FOR FOR
2.04 Elect Edward M. Brown MGMT YES FOR FOR
2.05 Elect Arthur H. Willms MGMT YES FOR FOR
2.06 Elect Glen D. Nelson MGMT YES FOR FOR
3.00 Appoint Outside Auditors MGMT YES AGNST AGNST
4.00 Set Auditors' Fees MGMT YES AGNST AGNST
5.00 Amend Supermajority Requirement MGMT YES AGNST AGNST
Amend Share Repurchase Authority
6.00 Increase Authorized Capital MGMT YES FOR FOR
7.00 Amend Articles--Technical MGMT YES FOR FOR
Amend Borrowing Powers
Amend Board Powers/Procedures/Qualifications

Aphton Corp APHT 03759P101 6/16/04 Annual
1.01 Elect Philip C. Gevas MGMT YES WHOLD AGNST
1.02 Elect William A. Hasler MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Applied Films AFCO 038197109 10/22/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Elect Secretary MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Other Business MGMT YES FOR FOR

Ask Jeeves ASKJ 045174109 5/19/04 Annual
1.01 Elect A. George Battle MGMT YES WHOLD AGNST
1.02 Elect Steven Berkowitz MGMT YES WHOLD AGNST
1.03 Elect Garrett P. Gruener MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Benchmark Electronics Inc BHE 08160H101 5/11/04 Annual
1.01 Elect Donald E. Nigbor MGMT YES FOR FOR
1.02 Elect Cary T. Fu MGMT YES FOR FOR
1.03 Elect Steven A. Barton MGMT YES FOR FOR
1.04 Elect John W. Cox MGMT YES WHOLD AGNST
1.05 Elect John C. Custer MGMT YES WHOLD AGNST
1.06 Elect Peter G. Dorflinger MGMT YES WHOLD AGNST
1.07 Elect Bernee D.L. Strom MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Big 5 Sporting Goods BGFV 08915P101 6/2/04 Annual
1.01 Elect Sandra N. Bane MGMT YES WHOLD AGNST
1.02 Elect Michael D. Miller MGMT YES WHOLD AGNST

Bright Horizons Family Solutions Inc BFAM 109195107 5/27/04 Annual
1.01 Elect Fred K. Foulkes MGMT YES WHOLD AGNST
1.02 Elect Linda A. Mason MGMT YES WHOLD AGNST
1.03 Elect Ian M. Rolland MGMT YES WHOLD AGNST
1.04 Elect Mary Ann Tocio MGMT YES WHOLD AGNST
1.05 Elect David Gergen MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Cabot Microelectronics CCMP 12709P103 3/9/04 Annual
1.01 Elect Juan Enriquez-Cabot MGMT YES WHOLD AGNST
1.02 Elect H. Laurance Fuller MGMT YES WHOLD AGNST
2.00 Elect William P. Noglows MGMT YES WHOLD AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Stock Option Plan

Captiva Software CPTV 14073T109 5/26/04 Annual
1.01 Elect Reynolds C. Bish MGMT YES WHOLD AGNST
1.02 Elect James H. Berglund MGMT YES WHOLD AGNST
1.03 Elect Patrick L. Edsell MGMT YES WHOLD AGNST
1.04 Elect Bruce Silver MGMT YES WHOLD AGNST
1.05 Elect Jeffrey J. Lenches MGMT YES WHOLD AGNST
1.06 Elect Mel S. Lavitt MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Cardiac Science DFIB 141410209 11/17/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

CEC Entertainment Inc CEC 125137109 5/20/04 Annual
1.01 Elect Michael H. Magusiak MGMT YES WHOLD AGNST
1.02 Elect Walter Tyree MGMT YES WHOLD AGNST
2.00 Adopt Stock Award Plan MGMT YES AGNST AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Amend Director Stock Option Plan MGMT YES AGNST AGNST
5.00 Add Shares to Director Stock Option Plan MGMT YES AGNST AGNST

Choice Hotels International CHH 169905106 5/4/04 Annual
1.01 Elect Jerry E. Robertson MGMT YES WHOLD AGNST
1.02 Elect Raymond E. Schultz MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Claire's Stores Inc CLE 179584107 6/23/04 Annual
1.01 Elect Marla L. Schaefer MGMT YES WHOLD AGNST
1.02 Elect Ira D. Kaplan MGMT YES WHOLD AGNST
1.03 Elect Steven H. Tishman MGMT YES WHOLD AGNST
1.04 Elect Ann Spector Lieff MGMT YES WHOLD AGNST
1.05 Elect E. Bonnie Schaefer MGMT YES WHOLD AGNST
1.06 Elect Bruce G. Miller MGMT YES WHOLD AGNST
1.07 Elect Todd D. Jick MGMT YES WHOLD AGNST
2.00 Review or Implement MacBride Principles SHLDR YES FOR AGNST

Clarcor CLC 179895107 3/22/04 Annual
1.01 Elect Robert J. Burgstahler MGMT YES WHOLD AGNST
1.02 Elect Paul Donovan MGMT YES WHOLD AGNST
1.03 Elect Norman E. Johnson MGMT YES WHOLD AGNST
2.00 Adopt Employee Stock Purchase Plan MGMT YES FOR FOR

Coeur d'Alene Mines Corp CDE 192108108 5/20/04 Annual
1.01 Elect Cecil D. Andrus MGMT YES WHOLD AGNST
1.02 Elect James J. Curran MGMT YES WHOLD AGNST
1.03 Elect James A. McClure MGMT YES WHOLD AGNST
1.04 Elect Robert E. Mellor MGMT YES WHOLD AGNST
1.05 Elect John H. Robinson Jr. MGMT YES WHOLD AGNST
1.06 Elect J. Kenneth Thompson MGMT YES WHOLD AGNST
1.07 Elect Timothy R. Winterer MGMT YES WHOLD AGNST
1.08 Elect Dennis E. Wheeler MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Approve Other Business MGMT YES FOR FOR

Commonwealth Telephone Enterprises CTCO 203349105 9/3/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Eliminate Dual Class Stock MGMT YES FOR FOR
4.00 Adjourn Meeting MGMT YES FOR FOR

Computer Horizons CHRZ 205908106 5/19/04 Annual
1.01 Elect William M. Duncan MGMT YES WHOLD AGNST
1.02 Elect Eric P. Edelstein MGMT YES WHOLD AGNST
1.03 Elect William J. Marino MGMT YES WHOLD AGNST
1.04 Elect Earl L. Mason MGMT YES WHOLD AGNST
1.05 Elect L. White Matthews III MGMT YES WHOLD AGNST
1.06 Elect William J. Murphy MGMT YES WHOLD AGNST
1.07 Elect Edward J. Obuchowski 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 Other Business MGMT YES FOR FOR

Cytyc Corp CYTC 232946103 5/26/04 Annual
1.01 Elect Walter E. Boomer MGMT YES WHOLD AGNST
1.02 Elect Daniel J. Levangie MGMT YES WHOLD AGNST
1.03 Elect Joseph B. Martin MGMT YES WHOLD AGNST
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 AGNST AGNST

D & K Healthcare Resources DKHR 232861104 11/12/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Approve Other Business MGMT YES FOR FOR

Daktronics DAKT 234264109 8/20/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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

Digital River DRIV 25388B104 5/24/04 Annual
1.01 Elect Joel A. Ronning MGMT YES WHOLD AGNST
1.02 Elect Perry W. Steiner MGMT YES WHOLD AGNST
1.03 Elect J. Paul Thorin MGMT YES WHOLD AGNST
2.00 Extend Term of Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Extend Term of Stock Option Plan
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Embarcadero Technologies EMBT 290787100 6/15/04 Annual
1.01 Elect Timothy C. K. Chou MGMT YES WHOLD AGNST
1.02 Elect Frank M. Polestra MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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

Exact Sciences EXAS 30063P105 6/9/04 Annual
1.01 Elect Don M. Hardison MGMT YES WHOLD AGNST
1.02 Elect Connie Mack III MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

F5 Networks FFIV 315616102 4/29/04 Annual
1.01 Elect John McAdam MGMT YES WHOLD AGNST
1.02 Elect Alan J. Higginson MGMT YES WHOLD AGNST
2.01 Elect Rich Malone MGMT YES WHOLD AGNST
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

FileNet Corp FILE 316869106 5/7/04 Annual
1.01 Elect L. George Klaus MGMT YES WHOLD AGNST
1.02 Elect William P. Lyons MGMT YES WHOLD AGNST
1.03 Elect Lee D. Roberts MGMT YES WHOLD AGNST
1.04 Elect John C. Savage MGMT YES WHOLD AGNST
1.05 Elect Roger S. Siboni MGMT YES WHOLD AGNST
1.06 Elect Theodore J. Smith MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Financial Federal FIF 317492106 12/9/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

FINDWHAT.COM FWAT 317794105 12/15/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Franklin Bank Corp. FTBX 352451 5/5/04 Annual
1.00 Elect Director Nominee MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Getty Images GYI 374276103 5/17/04 Annual
1.01 Elect James N. Bailey MGMT YES WHOLD AGNST
1.02 Elect Andrew S. Garb MGMT YES WHOLD AGNST
1.03 Elect David Landau MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

GlobeSpan Virata GSPN 37957V106 10/16/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Adopt Director Stock Award Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Gymboree Corp GYMB 403777105 6/16/04 Annual
1.01 Elect Lisa M. Harper MGMT YES WHOLD AGNST
1.02 Elect Barbara L. Rambo MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Hecla Mining HL 422704106 5/7/04 Annual
1.01 Elect Ted Crumley MGMT YES WHOLD AGNST
1.02 Elect Charles L. McAlpine MGMT YES WHOLD AGNST
1.03 Elect Jorge E. Ordonez MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Hyperion Solutions HYSL 44914M104 11/10/03 Annual
1.00 Elect Directors 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 AGNST AGNST

Intermune ITMN 45884X103 5/27/04 Annual
1.01 Elect Michael L. Smith MGMT YES WHOLD AGNST
1.02 Elect Daniel G. Welch MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Stock Option Plan
4.00 Amend Director Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Director Stock Option Plan
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Jos A Bank Clothiers JOSB 480838101 6/25/04 Annual
1.01 Elect Gary S. Gladstein MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Kroll Inc KROL 501049100 5/26/04 Annual
1.01 Elect Michael G Cherkasky MGMT YES WHOLD AGNST
1.02 Elect Simon V. Freakley MGMT YES WHOLD AGNST
1.03 Elect Raymond E. Mabus MGMT YES WHOLD AGNST
1.04 Elect Joseph R. Wright MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Labor Ready Inc LRW 505401208 6/2/04 Annual
1.01 Elect Robert J. Sullivan MGMT YES WHOLD AGNST
1.02 Elect Carl W. Schafer MGMT YES WHOLD AGNST
1.03 Elect William W. Steele MGMT YES WHOLD AGNST
1.04 Elect Joseph P. Sambataro Jr. MGMT YES WHOLD AGNST
1.05 Elect Gates McKibbin MGMT YES WHOLD AGNST
1.06 Elect Thomas E. McChesney MGMT YES WHOLD AGNST
1.07 Elect Mark R. Beatty MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Landstar System Inc LSTR 515098101 5/13/04 Annual
1.01 Elect William S. Elston MGMT YES WHOLD AGNST
1.02 Elect Merritt J. Mott MGMT YES WHOLD AGNST
1.03 Elect Diana M. Murphy MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Lifepoint Hospitals Inc LPNT 53219L109 6/15/04 Annual
1.01 Elect DeWitt Ezell Jr. MGMT YES WHOLD AGNST
1.02 Elect William V. Lapham MGMT YES WHOLD AGNST
2.00 Amend Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Stock Option Plan
3.00 Amend Director Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Director Stock Option Plan
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Magma Design Automation LAVA 559181102 8/29/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Amend Director Stock Option Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Manitowoc MTW 563571108 5/4/04 Annual
1.01 Elect Robert C. Stift MGMT YES WHOLD AGNST
1.02 Elect Virgis W. Colbert MGMT YES WHOLD AGNST
1.03 Elect Kenneth W. Krueger MGMT YES WHOLD AGNST
2.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST

Medicis Pharmaceuticals -Cl A MRX 584690309 11/19/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Merit Medical Systems MMSI 589889104 5/25/04 Annual
1.01 Elect Rex C. Bean MGMT YES WHOLD AGNST
1.02 Elect Richard W. Edelman 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 AGNST AGNST

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

Newfield Exploration NFX 651290108 5/6/04 Annual
1.01 Elect Joe B. Foster MGMT YES FOR FOR
1.02 Elect David A. Trice MGMT YES FOR FOR
1.03 Elect David F. Schaible MGMT YES FOR FOR
1.04 Elect Charles W. Duncan Jr. MGMT YES FOR FOR
1.05 Elect Howard H. Newman MGMT YES WHOLD AGNST
1.06 Elect Thomas G. Ricks MGMT YES FOR FOR
1.07 Elect Dennis R. Hendrix MGMT YES FOR FOR
1.08 Elect Charles E. Shultz MGMT YES FOR FOR
1.09 Elect Philip J. Burguieres MGMT YES WHOLD AGNST
1.10 Elect Claire S. Farley MGMT YES FOR FOR
1.11 Elect John R. Kemp III MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

NII Holdings NIHD 62913F201 4/28/04 Annual
1.01 Elect Steven P. Dussek MGMT YES WHOLD AGNST
1.02 Elect Steven M. Shindler MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Adjourn Meeting MGMT YES FOR FOR

Oshkosh Truck OSK 688239201 2/3/04 Annual
1.01 Elect J. William Andersen MGMT YES WHOLD AGNST
1.02 Elect Robert G. Bohn MGMT YES WHOLD AGNST
1.03 Elect Frederick M. Franks Jr. MGMT YES WHOLD AGNST
1.04 Elect Michael W. Grebe MGMT YES WHOLD AGNST
1.05 Elect Kathleen J. Hempel MGMT YES WHOLD AGNST
1.06 Elect J. Peter Mosling Jr. MGMT YES WHOLD AGNST
1.07 Elect Stephen P. Mosling MGMT YES WHOLD AGNST
1.08 Elect Richard M. Donnelly MGMT YES WHOLD AGNST
1.09 Elect Donald V. Fites MGMT YES WHOLD AGNST
1.10 Elect Richard G. Sim MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Patina Oil & Gas Corp POG 703224105 5/20/04 Annual
1.01 Elect Charles E. Bayless MGMT YES WHOLD AGNST
1.02 Elect Jeffrey L. Berenson MGMT YES WHOLD AGNST
1.03 Elect Robert J. Clark MGMT YES WHOLD AGNST
1.04 Elect Jay W. Decker MGMT YES WHOLD AGNST
1.05 Elect Thomas J. Edelman MGMT YES WHOLD AGNST
1.06 Elect Elizabeth K. Lanier MGMT YES WHOLD AGNST
1.07 Elect Alexander P. Lynch MGMT YES WHOLD AGNST
1.08 Elect Paul M. Rady MGMT YES WHOLD AGNST
1.09 Elect Jon R. Whitney MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Approve Other Business MGMT YES FOR FOR

Photon Dynamics PHTN 719364101 1/26/04 Annual
1.01 Elect Malcolm J. Thompson MGMT YES WHOLD AGNST
1.02 Elect E. Floyd Kvamme MGMT YES WHOLD AGNST
1.03 Elect Elwood Spedden MGMT YES WHOLD AGNST
1.04 Elect Richard P. Beck MGMT YES WHOLD AGNST
1.05 Elect Nicholas E. Brathwaite MGMT YES WHOLD AGNST
1.06 Elect Michael J. Kim MGMT YES WHOLD AGNST
1.07 Elect Jeffrey A Hawthorne MGMT YES WHOLD AGNST
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

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

Power Integrations Inc POWI 739276103 6/3/04 Annual
1.01 Elect R. Scott Brown MGMT YES WHOLD AGNST
1.02 Elect Steven J. Sharp MGMT YES WHOLD AGNST
2.00 Amend 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

Powerwave Technologies PWAV 739363109 4/27/04 Special
1.00 Approve Common Stock Issuance MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR

Precision Drilling PDS 74022D100 5/11/04 Annual
1.01 Elect W.C. Dunn MGMT YES AGNST AGNST
1.02 Elect Robert J. S. Gibson MGMT YES AGNST AGNST
1.03 Elect Murray K. Mullen MGMT YES AGNST AGNST
1.04 Elect Patrick M. Murray MGMT YES AGNST AGNST
1.05 Elect Frederick W. Pheasey MGMT YES AGNST AGNST
1.06 Elect Robert L. Phillips MGMT YES AGNST AGNST
1.07 Elect Hank B. Swartout MGMT YES AGNST AGNST
1.08 Elect Garth H. Wiggins MGMT YES AGNST AGNST
2.00 Appoint Outside Auditors MGMT YES AGNST AGNST
3.00 Approve Stock Option Plan MGMT YES AGNST AGNST

Prosperity Bancshares PRSP 743606105 4/20/04 Annual
1.01 Elect Charles A. Davis Jr. MGMT YES WHOLD AGNST
1.02 Elect Ned S. Holmes MGMT YES WHOLD AGNST
1.03 Elect Tracy T. Rudolph MGMT YES WHOLD AGNST
1.04 Elect David Zalman MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Quest Software QSFT 74834T103 6/9/04 Annual
1.01 Elect Vincent C. Smith MGMT YES WHOLD AGNST
1.02 Elect Doran G. Machin MGMT YES WHOLD AGNST
1.03 Elect Jerry Murdock Jr. MGMT YES WHOLD AGNST
1.04 Elect Raymond J. Lane MGMT YES WHOLD AGNST
1.05 Elect Augustine L. Nieto II MGMT YES WHOLD AGNST
1.06 Elect Kevin M. Klausmeyer MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Board Size MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Roper Industries Inc ROP 776696106 5/26/04 Annual
1.01 Elect Brian D. Jellison MGMT YES WHOLD AGNST
1.02 Elect W. Lawrence Banks MGMT YES WHOLD AGNST
1.03 Elect David W. Devonshire MGMT YES WHOLD AGNST
1.04 Elect John F. Fort III MGMT YES WHOLD AGNST
2.00 Amend Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Other Business MGMT YES FOR FOR

Roto-Rooter Inc RRR 778787101 5/17/04 Annual
1.01 Elect Edward L. Hutton MGMT YES WHOLD AGNST
1.02 Elect Kevin J. McNamara MGMT YES WHOLD AGNST
1.03 Elect Donald Breen MGMT YES WHOLD AGNST
1.04 Elect Charles H. Erhart Jr. MGMT YES WHOLD AGNST
1.05 Elect Joel F. Gemunder MGMT YES WHOLD AGNST
1.06 Elect Patrick P. Grace MGMT YES WHOLD AGNST
1.07 Elect Thomas C. Hutton MGMT YES WHOLD AGNST
1.08 Elect Sandra E. Laney MGMT YES WHOLD AGNST
1.09 Elect Timothy S. O'Toole MGMT YES WHOLD AGNST
1.10 Elect Donald E. Saunders MGMT YES WHOLD AGNST
1.11 Elect George J. Walsh III MGMT YES WHOLD AGNST
1.12 Elect Frank E. Wood MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Amend Long-term Bonus Plan MGMT YES FOR FOR
4.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
5.00 Approve Name Change MGMT YES FOR FOR

Sierra Health Services SIE 826322109 5/20/04 Annual
1.01 Elect Albert L. Greene MGMT YES WHOLD AGNST
1.02 Elect Erin E. MacDonald MGMT YES WHOLD AGNST
1.03 Elect William J. Raggio MGMT YES WHOLD AGNST
1.04 Elect Charles L. Ruthe 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

Southwest Bancorporation of Texas SWBT 84476R109 5/5/04 Annual
1.01 Elect Ernest H. Cockrell MGMT YES WHOLD AGNST
1.02 Elect Fred R. Lummis MGMT YES WHOLD AGNST
1.03 Elect Paul B. Murphy Jr. MGMT YES WHOLD AGNST
1.04 Elect Thomas F. Soriero MGMT YES WHOLD AGNST
2.00 Amend Deferred Compensation 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

Spanish Broadcasting System SBSA 846425882 6/30/04 Annual
1.01 Elect Raul Alarcon Jr. MGMT YES WHOLD AGNST
1.02 Elect Pablo Raul Alarcon Sr. MGMT YES WHOLD AGNST
1.03 Elect Dan Mason MGMT YES WHOLD AGNST
1.04 Elect Jason L. Shrinsky MGMT YES WHOLD AGNST
1.05 Elect Antonio S. Fernandez MGMT YES WHOLD AGNST
1.06 Elect Jose A. Villamil MGMT YES WHOLD AGNST

Stone Energy Corp SGY 861642106 5/20/04 Annual
1.01 Elect George R. Christmas MGMT YES WHOLD AGNST
1.02 Elect B.J. Duplantis MGMT YES WHOLD AGNST
1.03 Elect John P. Laborde MGMT YES WHOLD AGNST
1.04 Elect Richard A. Pattarozzi MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Strayer Education STRA 863236105 5/4/04 Annual
1.01 Elect Robert S. Silberman MGMT YES FOR FOR
1.02 Elect Charlotte Beason MGMT YES FOR FOR
1.03 Elect William E. Brock MGMT YES FOR FOR
1.04 Elect David A. Coulter MGMT YES FOR FOR
1.05 Elect Gary S. Gensler MGMT YES FOR FOR
1.06 Elect Robert R. Grusky MGMT YES FOR FOR
1.07 Elect Todd A. Milano MGMT YES FOR FOR
1.08 Elect Robert L. Johnson MGMT YES WHOLD AGNST
1.09 Elect G. Thomas Waite III MGMT YES FOR FOR
1.10 Elect J. David Wargo MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Synaptics SYNA 87157D109 10/21/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors 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 AGNST AGNST
4.00 Amend Director Stock Option Plan MGMT YES AGNST AGNST
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 WHOLD AGNST
1.02 Elect G. Chris Andersen MGMT YES WHOLD AGNST
1.03 Elect Don DeFosset MGMT YES WHOLD AGNST
1.04 Elect William H. Fike MGMT YES WHOLD AGNST
1.05 Elect Donald P. Jacobs MGMT YES WHOLD AGNST
1.06 Elect David A. Sachs MGMT YES WHOLD AGNST
1.07 Elect J.C. Watts Jr. MGMT YES WHOLD AGNST
1.08 Elect Helge H. Wehmeier 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 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

Thor Industries THO 885160101 12/9/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Thoratec THOR 885175307 5/21/04 Annual
1.01 Elect J. Donald Hill MGMT YES WHOLD AGNST
1.02 Elect J. Daniel Cole MGMT YES WHOLD AGNST
1.03 Elect George W. Holbrook Jr. MGMT YES WHOLD AGNST
1.04 Elect D. Keith Grossman MGMT YES WHOLD AGNST
1.05 Elect Neil F. Dimick MGMT YES WHOLD AGNST
1.06 Elect Daniel M. Mulvena MGMT YES WHOLD AGNST
1.07 Elect Howard E. Chase MGMT YES WHOLD AGNST
1.08 Elect William M. Hitchcock MGMT YES WHOLD AGNST

Trident Microsystems TRID 895919108 12/16/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Trident Microsystems TRID 895919108 3/17/04 Special
1.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

UCBH Holdings UCBH 90262T308 4/29/04 Annual
1.01 Elect Anthony Y. Chan MGMT YES WHOLD AGNST
1.02 Elect Joseph J. Jou MGMT YES WHOLD AGNST
1.03 Elect Godwin Wong MGMT YES WHOLD AGNST
1.04 Elect Thomas S. Wu MGMT YES WHOLD AGNST
2.00 Approve Non-Technical Charter Amendments MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

USF USFC 91729Q101 5/4/04 Annual
1.01 Elect Richard P. DiStasio MGMT YES WHOLD AGNST
1.02 Elect Neil A. Springer MGMT YES WHOLD AGNST

Vitesse Semiconductor VTSS 928497106 1/26/04 Annual
1.01 Elect Vincent Chan MGMT YES WHOLD AGNST
1.02 Elect James A. Cole MGMT YES WHOLD AGNST
1.03 Elect Alex Daly MGMT YES WHOLD AGNST
1.04 Elect John C. Lewis MGMT YES WHOLD AGNST
1.05 Elect Louis R. Tomasetta 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 AGNST AGNST

Western Wireless Corp WWCA 95988E204 5/26/04 Annual
1.01 Elect John W. Stanton MGMT YES WHOLD AGNST
1.02 Elect John L. Bunce Jr. MGMT YES WHOLD AGNST
1.03 Elect Mitchell R. Cohen MGMT YES WHOLD AGNST
1.04 Elect Daniel J. Evans MGMT YES WHOLD AGNST
1.05 Elect Theresa E. Gillespie MGMT YES WHOLD AGNST
1.06 Elect Jonathan M. Nelson MGMT YES WHOLD AGNST
1.07 Elect Peggy V. Phillips MGMT YES WHOLD AGNST
1.08 Elect Mikal J. Thomsen MGMT YES WHOLD AGNST
1.09 Elect Peter H. van Oppen MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES FOR FOR

Zoran ZRAN 98975F101 8/8/03 Annual
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance
2.00 Elect Directors MGMT YES WHOLD AGNST
3.00 Increase Authorized Common Stock MGMT YES FOR FOR
4.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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.

Citizens Emerging Growth Fund

Item 1. Proxy Voting Record
Account Number: 010033767506

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
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 FOR AGNST
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Advance Auto Parts AAP 00751Y106 5/19/04 Annual
1.01 Elect Lawrence P. Castellani MGMT YES WHOLD AGNST
1.02 Elect John C. Brouillard MGMT YES FOR FOR
1.03 Elect Gilbert T. Ray MGMT YES FOR FOR
1.04 Elect John M. Roth MGMT YES WHOLD AGNST
1.05 Elect Carlos A. Saladrigas MGMT YES WHOLD AGNST
1.06 Elect William L. Salter MGMT YES FOR FOR
1.07 Elect Francesca Spinelli MGMT YES FOR FOR
1.08 Elect Nicholas F. Taubman MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

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 AGNST AGNST
3.00 Expense Stock Options SHLDR YES FOR AGNST
4.00 Independent Board Chairman SHLDR YES FOR AGNST

Altera Corp ALTR 021441100 5/11/04 Annual
1.01 Elect John P. Daane MGMT YES FOR FOR
1.02 Elect Robert W. Reed MGMT YES WHOLD AGNST
1.03 Elect Charles M. Clough MGMT YES FOR FOR
1.04 Elect Robert J. Finocchio Jr. MGMT YES WHOLD AGNST
1.05 Elect Kevin J. McGarity MGMT YES FOR FOR
1.06 Elect Paul Newhagen MGMT YES FOR FOR
1.07 Elect William E. Terry MGMT YES FOR FOR
1.08 Elect Susan Wang MGMT YES WHOLD AGNST
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 AGNST AGNST
5.00 Expense Stock Options SHLDR YES FOR AGNST

American Standard ASD 029712106 5/4/04 Annual
1.01 Elect Steven E. Anderson MGMT YES WHOLD AGNST
1.02 Elect James F. Hardymon MGMT YES WHOLD AGNST
1.03 Elect Ruth Ann Marshall MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

American Tower AMT 029912201 5/6/04 Annual
1.01 Elect Raymond P. Dolan MGMT YES WHOLD AGNST
1.02 Elect Carolyn F. Katz MGMT YES WHOLD AGNST
1.03 Elect Fred R. Lummis MGMT YES WHOLD AGNST
1.04 Elect Pamela D. A. Reeve MGMT YES WHOLD AGNST
1.05 Elect James D. Taiclet Jr. MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Angiotech Pharmaceuticals ANPI 034918102 1/20/04 Special
1.00 Approve Stock Split MGMT YES FOR FOR
2.00 Approve Stock Option Plan MGMT YES FOR FOR
Approve Outside Directors Stock Option Plan

Aramark RMK 038521100 2/3/04 Annual
1.01 Elect Joseph Neubauer MGMT YES WHOLD AGNST
1.02 Elect Lawrence T. Babbio Jr. MGMT YES WHOLD AGNST
1.03 Elect William Leonard MGMT YES WHOLD AGNST
1.04 Elect Karl M. von der Heyden MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Barr Laboratories BRL 068306109 10/23/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Approve Reincorporation MGMT YES FOR FOR
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Biogen Idec Inc BIIB 09062X103 6/16/04 Annual
1.01 Elect Alan Belzer MGMT YES WHOLD AGNST
1.02 Elect Mary L. Good MGMT YES WHOLD AGNST
1.03 Elect James C. Mullen MGMT YES WHOLD AGNST
1.04 Elect Bruce R. Ross MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Borders Group Inc BGP 099709107 5/20/04 Annual
1.01 Elect Joel J. Cohen MGMT YES FOR FOR
1.02 Elect Robert F. DiRomualdo MGMT YES FOR FOR
1.03 Elect Gregory P. Josefowicz MGMT YES FOR FOR
1.04 Elect Amy B. Lane MGMT YES WHOLD AGNST
1.05 Elect Victor L. Lund MGMT YES WHOLD AGNST
1.06 Elect Edna Greene Medford MGMT YES FOR FOR
1.07 Elect George R. Mrkonic Jr. MGMT YES FOR FOR
1.08 Elect Lawrence I. Pollock MGMT YES WHOLD AGNST
1.09 Elect Beth M. Pritchard MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Brinker International EAT 109641100 11/13/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Review or Curb Bioengineering SHLDR YES FOR AGNST

Bunge Ltd BG G16962105 5/28/04 Annual
1.00 Elect Jorge Born, Jr. MGMT YES AGNST AGNST
2.00 Elect Octavio Caraballo MGMT YES AGNST AGNST
3.00 Elect Bernard de La Tour d'Auvergne Lauraguais MGMT YES AGNST
AGNST
4.00 Elect William Engels MGMT YES AGNST AGNST
5.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
6.00 Amend Outside Directors Stock Option Plan MGMT YES FOR FOR

Callidus Software CALD 13123E500 5/27/04 Annual
1.01 Elect George James MGMT YES WHOLD AGNST
1.02 Elect Reed D. Taussig MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Career Education Corp CECO 141665109 5/21/04 Annual
1.01 Elect Thomas B. Lally MGMT YES WHOLD AGNST
1.02 Elect John M. Larson MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Cheesecake Factory Inc CAKE 163072101 5/18/04 Annual
1.01 Elect Thomas L. Gregory 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 Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
4.00 Add Shares to Director Stock Option Plan MGMT YES AGNST AGNST

Chico's FAS Inc CHS 168615102 6/22/04 Annual
1.01 Elect Helene B. Gralnick MGMT YES WHOLD AGNST
1.02 Elect Verna K. Gibson MGMT YES WHOLD AGNST
1.03 Elect Betsy S. Atkins MGMT YES WHOLD AGNST
1.04 Elect Scott A. Edmonds MGMT YES WHOLD AGNST
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 AGNST AGNST

Citrix Systems Inc CTXS 177376100 5/13/04 Annual
1.01 Elect Mark B. Templeton MGMT YES WHOLD AGNST
1.02 Elect Kevin R. Compton MGMT YES WHOLD AGNST
1.03 Elect Stephen M. Dow MGMT YES WHOLD AGNST
2.00 Expense Stock Options SHLDR YES FOR AGNST

Commerce Bancorp Inc CBH 200519106 6/11/04 Annual
1.01 Elect Vernon W. Hill II MGMT YES WHOLD AGNST
1.02 Elect Robert C. Beck MGMT YES WHOLD AGNST
1.03 Elect Jack R. Bershad MGMT YES WHOLD AGNST
1.04 Elect Joseph E. Buckelew MGMT YES WHOLD AGNST
1.05 Elect Donald T. DiFrancesco MGMT YES WHOLD AGNST
1.06 Elect John P. Ferguson MGMT YES WHOLD AGNST
1.07 Elect Morton N. Kerr MGMT YES WHOLD AGNST
1.08 Elect Steven M. Lewis MGMT YES WHOLD AGNST
1.09 Elect George E. Norcross III MGMT YES WHOLD AGNST
1.10 Elect Joseph J. Plumeri, II MGMT YES WHOLD AGNST
1.11 Elect Daniel J. Ragone MGMT YES WHOLD AGNST
1.12 Elect William A. Schwartz Jr. MGMT YES WHOLD AGNST
1.13 Elect Joseph T. Tarquini Jr. MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
4.00 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 AGNST AGNST
3.00 Golden Parachutes SHLDR YES AGNST FOR

Cox Radio CXR 224051102 5/11/04 Annual
1.01 Elect Juanita P. Baranco MGMT YES WHOLD AGNST
1.02 Elect G. Dennis Berry MGMT YES WHOLD AGNST
1.03 Elect Richard A Ferguson MGMT YES WHOLD AGNST
1.04 Elect Paul M. Hughes MGMT YES WHOLD AGNST
1.05 Elect James C. Kennedy MGMT YES WHOLD AGNST
1.06 Elect Marc W. Morgan MGMT YES WHOLD AGNST
1.07 Elect Robert F. Neil MGMT YES WHOLD AGNST
1.08 Elect Nicholas D. Trigony MGMT YES WHOLD AGNST
2.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Devon Energy Corp DVN 25179M103 6/8/04 Annual
1.01 Elect Thomas F. Ferguson MGMT YES WHOLD AGNST
1.02 Elect Peter J. Fluor MGMT YES WHOLD AGNST
1.03 Elect David M. Gavrin MGMT YES WHOLD AGNST
1.04 Elect Michael E. Gellert MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Require Majority Vote to Elect Directors SHLDR YES FOR AGNST

Dollar General Corp DG 256669102 5/25/04 Annual
1.01 Elect David L. Bere MGMT YES FOR FOR
1.02 Elect Dennis C. Bottorff MGMT YES FOR FOR
1.03 Elect Barbara L. Bowles MGMT YES WHOLD AGNST
1.04 Elect James L. Clayton MGMT YES FOR FOR
1.05 Elect Reginald D. Dickson MGMT YES FOR FOR
1.06 Elect E. Gordon Gee MGMT YES WHOLD AGNST
1.07 Elect Barbara M. Knuckles MGMT YES FOR FOR
1.08 Elect David A. Perdue Jr. MGMT YES FOR FOR
1.09 Elect James D. Robbins MGMT YES FOR FOR
1.10 Elect David M. Wilds MGMT YES WHOLD AGNST
1.11 Elect J. Neal Purcell MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Dollar Tree Stores Inc DLTR 256747106 6/17/04 Annual
1.00 Approve Board Size MGMT YES AGNST AGNST
2.01 Elect H. Ray Compton MGMT YES WHOLD AGNST
2.02 Elect John F. Megrue MGMT YES WHOLD AGNST
2.03 Elect Alan L. Wurtzel MGMT YES WHOLD AGNST
2.04 Elect Bob Sasser MGMT YES WHOLD AGNST
2.05 Elect T.E. Whiddon MGMT YES WHOLD AGNST
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Donaldson DCI 257651109 11/21/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Dun & Bradstreet DNB 26483E100 5/4/04 Annual
1.01 Elect John W. Alden MGMT YES WHOLD AGNST
1.02 Elect Allan Z. Loren MGMT YES WHOLD AGNST
1.03 Elect Victor A. Pelson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

E Trade Financial Corp ET 269246104 5/27/04 Annual
1.01 Elect Ronald D. Fisher MGMT YES WHOLD AGNST
1.02 Elect George Hayter MGMT YES WHOLD AGNST
1.03 Elect Donna L. Weaver MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Ecolab Inc ECL 278865100 5/7/04 Annual
1.01 Elect Richard U. De Schutter MGMT YES WHOLD AGNST
1.02 Elect William L. Jews MGMT YES WHOLD AGNST
1.03 Elect Joel W. Johnson MGMT YES WHOLD AGNST
1.04 Elect Ulrich Lehner MGMT YES WHOLD AGNST
1.05 Elect Beth M. Pritchard MGMT YES WHOLD AGNST
2.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Fairchild Semiconductor International FCS 303726103 5/4/04 Annual
1.01 Elect Kirk P. Pond MGMT YES WHOLD AGNST
1.02 Elect Joseph R. Martin MGMT YES WHOLD AGNST
1.03 Elect Charles P. Carinalli MGMT YES WHOLD AGNST
1.04 Elect Richard M. Cashin Jr. MGMT YES WHOLD AGNST
1.05 Elect Charles M. Clough MGMT YES WHOLD AGNST
1.06 Elect Robert F. Friel MGMT YES WHOLD AGNST
1.07 Elect Thomas L. Magnanti MGMT YES WHOLD AGNST
1.08 Elect Bryan R. Roub MGMT YES WHOLD AGNST
1.09 Elect Paul C. Schorr IV MGMT YES WHOLD AGNST
1.10 Elect Ronald W. Shelly MGMT YES WHOLD AGNST
1.11 Elect William N. Stout 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

Fairmont Hotels & Resorts FHR 305204109 4/27/04 Annual
1.01 Elect Stephen E. Bachand MGMT YES FOR FOR
1.02 Elect William R. Fatt MGMT YES AGNST AGNST
1.03 Elect Peter C. Godsoe MGMT YES FOR FOR
1.04 Elect Michael J. Kowalski MGMT YES FOR FOR
1.05 Elect David P. O'Brien MGMT YES FOR FOR
1.06 Elect Karen M. Rose MGMT YES FOR FOR
1.07 Elect John L. Sharpe MGMT YES FOR FOR
1.08 Elect L. Peter Sharpe MGMT YES FOR FOR
1.09 Elect Robert S. Singer MGMT YES FOR FOR
1.10 Elect Carole S. Taylor MGMT YES FOR FOR
2.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST
3.00 Amend Poison-Pill-Style Defense MGMT YES FOR FOR

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

Flextronics International FLEX Y2573F102 9/30/03 Annual
1.00 Election of Directors by Nominee 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
3.00 Election of Directors by Nominee MGMT YES FOR FOR
4.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST
5.00 Amend Stock Purchase Plan/SAYE/AESOP MGMT YES FOR FOR
6.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
7.00 Approve Directors' Fees MGMT YES FOR FOR
8.00 Authorize Share Repurchase MGMT YES FOR FOR

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

Friedman, Billings, Ramsey Group FBR 358434108 5/19/04 Annual
1.01 Elect Emanuel J. Friedman MGMT YES WHOLD AGNST
1.02 Elect Eric F. Billings MGMT YES WHOLD AGNST
1.03 Elect W. Russell Ramsey MGMT YES WHOLD AGNST
1.04 Elect Daniel J. Altobello MGMT YES WHOLD AGNST
1.05 Elect Peter A. Gallagher MGMT YES WHOLD AGNST
1.06 Elect Stephen D. Harlan MGMT YES WHOLD AGNST
1.07 Elect Russell C. Lindner MGMT YES WHOLD AGNST
1.08 Elect Wallace L. Timmeny MGMT YES WHOLD AGNST
1.09 Elect John T. Wall MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Approve Other Business MGMT YES FOR 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 AGNST AGNST
4.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
5.00 Performance/Time-Based Restricted Shares SHLDR YES FOR AGNST

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

Health Management Associates HMA 421933102 2/17/04 Annual
1.01 Elect William J. Schoen MGMT YES WHOLD AGNST
1.02 Elect Joseph V. Vumbacco MGMT YES WHOLD AGNST
1.03 Elect Kent P. Dauten MGMT YES WHOLD AGNST
1.04 Elect Donald E. Kiernan MGMT YES WHOLD AGNST
1.05 Elect Robert Knox MGMT YES WHOLD AGNST
1.06 Elect William E. Mayberry MGMT YES WHOLD AGNST
1.07 Elect William C. Steere Jr. MGMT YES WHOLD AGNST
1.08 Elect Randolph W. Westerfield MGMT YES WHOLD AGNST

Health Net Inc HNT 42222G108 5/13/04 Annual
1.01 Elect J. Thomas Bouchard MGMT YES WHOLD AGNST
1.02 Elect Theodore F. Craver Jr. MGMT YES WHOLD AGNST
1.03 Elect Thomas T. Farley MGMT YES WHOLD AGNST
1.04 Elect Gale S. Fitzgerald MGMT YES WHOLD AGNST
1.05 Elect Patrick Foley MGMT YES WHOLD AGNST
1.06 Elect Jay M. Gellert MGMT YES WHOLD AGNST
1.07 Elect Roger F. Greaves MGMT YES WHOLD AGNST
1.08 Elect Richard W. Hanselman MGMT YES WHOLD AGNST
1.09 Elect Richard J. Stegemeier MGMT YES WHOLD AGNST
1.10 Elect Bruce G. Willison MGMT YES WHOLD AGNST
1.11 Elect Frederick C. Yeager MGMT YES WHOLD AGNST
2.00 Eliminate Dual Class Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

IMS Health RX 449934108 5/7/04 Annual
1.01 Elect James D. Edwards MGMT YES WHOLD AGNST
1.02 Elect David M. Thomas MGMT YES WHOLD AGNST
1.03 Elect William C. Van Faasen MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES FOR AGNST
4.00 Golden Parachutes SHLDR YES FOR AGNST

Integrated Circuit Systems ICST 45811K208 10/29/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST

International Rectifier IRF 460254105 1/26/04 Special
1.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

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 AGNST AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Iron Mountain Inc IRM 462846106 5/27/04 Annual
1.01 Elect Clarke H. Bailey MGMT YES WHOLD AGNST
1.02 Elect Constantin R. Boden MGMT YES WHOLD AGNST
1.03 Elect Kent P. Dauten MGMT YES WHOLD AGNST
1.04 Elect B. Thomas Golisano MGMT YES WHOLD AGNST
1.05 Elect John F. Kenny Jr. MGMT YES WHOLD AGNST
1.06 Elect Arthur D. Little MGMT YES WHOLD AGNST
1.07 Elect C. Richard Reese MGMT YES WHOLD AGNST
1.08 Elect Vincent J. Ryan MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST

Jabil Circuit JBL 466313103 1/13/04 Annual
1.01 Elect William D. Morean MGMT YES WHOLD AGNST
1.02 Elect Thomas A. Sansone MGMT YES WHOLD AGNST
1.03 Elect Timothy L. Main MGMT YES WHOLD AGNST
1.04 Elect Lawrence J. Murphy MGMT YES WHOLD AGNST
1.05 Elect Mel S. Lavitt MGMT YES WHOLD AGNST
1.06 Elect Steven A. Raymund MGMT YES WHOLD AGNST
1.07 Elect Frank A. Newman MGMT YES WHOLD AGNST
1.08 Elect Laurence S. Grafstein 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 AGNST AGNST

Jefferies Group Inc JEF 472319102 5/24/04 Annual
1.01 Elect W. Patrick Campbell MGMT YES WHOLD AGNST
1.02 Elect Richard G. Dooley MGMT YES WHOLD AGNST
1.03 Elect Richard B. Handler MGMT YES WHOLD AGNST
1.04 Elect Frank J. Macchiarola MGMT YES WHOLD AGNST
1.05 Elect John C. Shaw, Jr. MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

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

Johnson Controls JCI 478366107 1/28/04 Annual
1.01 Elect Robert L. Barnett MGMT YES WHOLD AGNST
1.02 Elect Willie D. Davis MGMT YES WHOLD AGNST
1.03 Elect Jeffrey A. Joerres MGMT YES WHOLD AGNST
1.04 Elect Richard F. Teerlink MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Approve Long-Term Bonus Plan MGMT YES FOR FOR
4.00 Amend Annual Bonus Plan MGMT YES FOR FOR
5.00 Adopt Director Stock Award Plan MGMT YES AGNST AGNST
6.00 Add Shares to Stock Award Plan MGMT YES AGNST AGNST

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

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 AGNST 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 AGNST AGNST
3.00 Review or Curb Bioengineering SHLDR YES FOR AGNST

KeySpan Corp KSE 49337W100 5/20/04 Annual
1.01 Elect Robert B. Catell MGMT YES FOR FOR
1.02 Elect Andrea S. Christensen MGMT YES WHOLD AGNST
1.03 Elect Alan H. Fishman MGMT YES WHOLD AGNST
1.04 Elect J. Atwood Ives MGMT YES FOR FOR
1.05 Elect James R. Jones MGMT YES FOR FOR
1.06 Elect James L. Larocca MGMT YES WHOLD AGNST
1.07 Elect Gloria C. Larson MGMT YES FOR FOR
1.08 Elect Stephen W. McKessy MGMT YES WHOLD AGNST
1.09 Elect Edward D. Miller MGMT YES FOR FOR
1.10 Elect Vikki L. Pryor MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST

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

Laboratory Corp of America Holdings LH 50540R409 5/12/04 Annual
1.01 Elect Thomas P. Mac Mahon MGMT YES FOR FOR
1.02 Elect Jean-Luc Belingard MGMT YES FOR FOR
1.03 Elect Wendy E. Lane MGMT YES FOR FOR
1.04 Elect Robert E. Mittelstaedt Jr. MGMT YES FOR FOR
1.05 Elect Andrew G. Wallace MGMT YES FOR FOR
1.06 Elect M. Keith Weikel MGMT YES FOR FOR
1.07 Elect Craig M. Watson MGMT YES FOR FOR
2.00 Adopt Employee Stock Purchase Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Leggett & Platt LEG 524660107 5/5/04 Annual
1.01 Elect Raymond F. Bentele MGMT YES WHOLD AGNST
1.02 Elect Ralph W. Clark MGMT YES WHOLD AGNST
1.03 Elect Harry M. Cornell Jr. MGMT YES WHOLD AGNST
1.04 Elect Robert Ted Enloe III MGMT YES WHOLD AGNST
1.05 Elect Richard T. Fisher MGMT YES WHOLD AGNST
1.06 Elect Karl G. Glassman MGMT YES WHOLD AGNST
1.07 Elect David S. Haffner MGMT YES WHOLD AGNST
1.08 Elect Judy C. Odom MGMT YES WHOLD AGNST
1.09 Elect Maurice E. Purnell Jr. MGMT YES WHOLD AGNST
1.10 Elect Felix E. Wright MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Marvell Technology Group MRVL G5876H105 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

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

Maxim Integrated Products MXIM 57772K101 11/13/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
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 AGNST AGNST

MedImmune Inc MEDI 584699102 5/20/04 Annual
1.01 Elect Wayne T. Hockmeyer MGMT YES WHOLD AGNST
1.02 Elect David M. Mott MGMT YES WHOLD AGNST
1.03 Elect David Baltimore MGMT YES WHOLD AGNST
1.04 Elect M. James Barrett MGMT YES WHOLD AGNST
1.05 Elect Melvin D. Booth MGMT YES WHOLD AGNST
1.06 Elect James H. Cavanaugh MGMT YES WHOLD AGNST
1.07 Elect Barbara Hackman Franklin MGMT YES WHOLD AGNST
1.08 Elect Gordon S. Macklin MGMT YES WHOLD AGNST
1.09 Elect Elizabeth Wyatt MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Mercury Interactive MERQ 589405109 12/10/03 Special
1.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST

Mercury Interactive Corp MERQ 589405109 5/19/04 Annual
1.01 Elect Amnon Landan MGMT YES WHOLD AGNST
1.02 Elect Igal Kohavi MGMT YES WHOLD AGNST
1.03 Elect Clyde W. Ostler MGMT YES WHOLD AGNST
1.04 Elect Yair Shamir MGMT YES WHOLD AGNST
1.05 Elect Giora Yaron MGMT YES WHOLD AGNST
1.06 Elect Anthony Zingale MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Michaels Stores Inc MIK 594087108 6/17/04 Annual
1.01 Elect Charles J. Wyly Jr. MGMT YES WHOLD AGNST
1.02 Elect Sam Wyly MGMT YES WHOLD AGNST
1.03 Elect Richard E. Hanlon MGMT YES WHOLD AGNST
1.04 Elect Richard C. Marcus MGMT YES WHOLD AGNST
1.05 Elect Liz Minyard MGMT YES WHOLD AGNST
1.06 Elect Cece Smith MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Monster Worldwide Inc MNST 611742107 6/16/04 Annual
1.01 Elect Andrew J. McKelvey MGMT YES WHOLD AGNST
1.02 Elect George R. Eisele MGMT YES WHOLD AGNST
1.03 Elect John Gaulding MGMT YES WHOLD AGNST
1.04 Elect Ronald J. Kramer MGMT YES WHOLD AGNST
1.05 Elect Michael Kaufman MGMT YES WHOLD AGNST
1.06 Elect John Swann MGMT YES WHOLD AGNST
1.07 Elect David A. Stein MGMT YES WHOLD AGNST
2.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR

New York Community Bancorp Inc NYB 649445103 5/19/04 Annual
1.01 Elect Donald M. Blake MGMT YES WHOLD AGNST
1.02 Elect Thomas A. Doherty MGMT YES WHOLD AGNST
1.03 Elect Michael J. Levine MGMT YES WHOLD AGNST
1.04 Elect Guy V. Molinari MGMT YES WHOLD AGNST
1.05 Elect John A. Pileski MGMT YES WHOLD AGNST
1.06 Elect John M. Tsimbinos MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Nextel Partners NXTP 65333F107 5/18/04 Annual
1.01 Elect Adam M. Aron MGMT YES WHOLD AGNST
1.02 Elect John Chapple MGMT YES WHOLD AGNST
1.03 Elect Steven B. Dodge MGMT YES WHOLD AGNST
1.04 Elect Timothy M. Donahue MGMT YES WHOLD AGNST
1.05 Elect Caroline H. Rapking MGMT YES WHOLD AGNST
1.06 Elect James N. Perry MGMT YES WHOLD AGNST
1.07 Elect Dennis M. Weibling MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES ABSTAIN AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Increase Authorized Dual Class Stock MGMT YES FOR FOR
5.00 Approve Non-Technical Charter Amendments MGMT YES AGNST AGNST

Noble Energy NBL 655044105 4/27/04 Annual
1.01 Elect Michael A. Cawley MGMT YES WHOLD AGNST
1.02 Elect Edward F. Cox MGMT YES WHOLD AGNST
1.03 Elect Charles D. Davidson MGMT YES WHOLD AGNST
1.04 Elect Kirby L. Hedrick MGMT YES WHOLD AGNST
1.05 Elect Dale P. Jones MGMT YES WHOLD AGNST
1.06 Elect Bruce A. Smith MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Director Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Long-Term Bonus Plan MGMT YES FOR FOR

Norfolk Southern Corp NSC 655844108 5/13/04 Annual
1.01 Elect Alston D. Correll Jr. MGMT YES WHOLD AGNST
1.02 Elect Landon Hilliard MGMT YES WHOLD AGNST
1.03 Elect Burton M. Joyce MGMT YES WHOLD AGNST
1.04 Elect Jane Margaret O'Brien MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Novell NOVL 670006105 4/15/04 Annual
1.01 Elect Albert Aiello MGMT YES WHOLD AGNST
1.02 Elect Fred Corrado MGMT YES WHOLD AGNST
1.03 Elect Richard L. Crandall MGMT YES WHOLD AGNST
1.04 Elect Wayne Mackie MGMT YES WHOLD AGNST
1.05 Elect Claudine B. Malone MGMT YES WHOLD AGNST
1.06 Elect Jack L. Messman MGMT YES WHOLD AGNST
1.07 Elect Richard L. Nolan MGMT YES WHOLD AGNST
1.08 Elect Thomas G. Plaskett MGMT YES WHOLD AGNST
1.09 Elect John W. Poduska Sr. MGMT YES WHOLD AGNST
1.10 Elect James D. Robinson III MGMT YES WHOLD AGNST
1.11 Elect Kathy Brittain White MGMT YES WHOLD AGNST
2.00 Expense Option Value At Time of Grant SHLDR YES FOR AGNST
3.00 Award Performance-Based Stock Options SHLDR YES FOR AGNST
4.00 Limit Consulting By Auditors SHLDR YES FOR AGNST

Oneok Inc OKE 682680103 5/20/04 Annual
1.01 Elect William M. Bell MGMT YES WHOLD AGNST
1.02 Elect Julie H. Edwards MGMT YES WHOLD AGNST
1.03 Elect Pattye L. Moore MGMT YES WHOLD AGNST
1.04 Elect J.D. Scott MGMT YES WHOLD AGNST
1.05 Elect James C. Day MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

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

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

Penwest Pharmaceuticals PPCO 709754105 6/2/04 Annual
1.01 Elect Paul E. Freiman MGMT YES WHOLD AGNST
1.02 Elect Rolf H. Henel MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Pepsi Bottling Group Inc PBG 713409100 5/26/04 Annual
1.01 Elect Linda G. Alvarado MGMT YES WHOLD AGNST
1.02 Elect Barry H. Beracha MGMT YES FOR FOR
1.03 Elect John T. Cahill MGMT YES FOR FOR
1.04 Elect Ira D. Hall MGMT YES FOR FOR
1.05 Elect Thomas H. Kean MGMT YES WHOLD AGNST
1.06 Elect Susan D. Kronick MGMT YES FOR FOR
1.07 Elect Blythe J. McGarvie MGMT YES WHOLD AGNST
1.08 Elect Margaret D. Moore MGMT YES FOR FOR
1.09 Elect Rogelio Rebolledo MGMT YES FOR FOR
1.10 Elect Clay G. Small MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Pixar PIXR 725811103 9/5/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Price (T. Rowe) Group TROW 74144T108 4/8/04 Annual
1.01 Elect Edward C. Bernard MGMT YES WHOLD AGNST
1.02 Elect James T. Brady MGMT YES WHOLD AGNST
1.03 Elect D. William J. Garrett MGMT YES WHOLD AGNST
1.04 Elect Donald B. Hebb Jr. MGMT YES WHOLD AGNST
1.05 Elect James A.C. Kennedy MGMT YES WHOLD AGNST
1.06 Elect James S. Riepe MGMT YES WHOLD AGNST
1.07 Elect George A. Roche MGMT YES WHOLD AGNST
1.08 Elect Brian C. Rogers MGMT YES WHOLD AGNST
1.09 Elect Alfred Sommer MGMT YES WHOLD AGNST
1.10 Elect Dwight S. Taylor MGMT YES WHOLD AGNST
1.11 Elect Anne Marie Whittemore MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Other Business MGMT YES FOR FOR

QLogic QLGC 747277101 8/26/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Extend Term of Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Quest Diagnostics DGX 74834L100 5/4/04 Annual
1.01 Elect William R. Grant MGMT YES WHOLD AGNST
1.02 Elect Surya N. Mohapatra MGMT YES WHOLD AGNST
1.03 Elect John C. Baldwin MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

RadioShack Corp RSH 750438103 5/20/04 Annual
1.01 Elect Frank J. Belatti MGMT YES WHOLD AGNST
1.02 Elect Ronald E. Elmquist MGMT YES WHOLD AGNST
1.03 Elect Robert S. Falcone MGMT YES WHOLD AGNST
1.04 Elect Daniel R. Feehan MGMT YES WHOLD AGNST
1.05 Elect Richard J. Hernandez MGMT YES WHOLD AGNST
1.06 Elect Lawrence V. Jackson MGMT YES WHOLD AGNST
1.07 Elect Robert J. Kamerschen MGMT YES WHOLD AGNST
1.08 Elect H. Eugene Lockhart MGMT YES WHOLD AGNST
1.09 Elect Jack L. Messman MGMT YES WHOLD AGNST
1.10 Elect William G. Morton Jr. MGMT YES WHOLD AGNST
1.11 Elect Thomas G. Plaskett MGMT YES WHOLD AGNST
1.12 Elect Leonard H. Roberts MGMT YES WHOLD AGNST
1.13 Elect Edwina D. Woodbury MGMT YES WHOLD AGNST
2.00 Adopt Deferred Compensation Plan MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
Approve Long-Term Bonus Plan

SanDisk Corp SNDK 80004C101 5/20/04 Annual
1.01 Elect Eli Harari MGMT YES WHOLD AGNST
1.02 Elect Irwin Federman MGMT YES WHOLD AGNST
1.03 Elect Judy Bruner MGMT YES WHOLD AGNST
1.04 Elect Michael E. Marks MGMT YES WHOLD AGNST
1.05 Elect James D. Meindl MGMT YES WHOLD AGNST
1.06 Elect Alan F. Shugart MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Seagate Technology STX 811804103 10/29/03 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 AGNST AGNST

Sicor SCRI 825846108 1/16/04 Special
1.00 Approve Merger/Acquisition 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

Staples Inc SPLS 855030102 6/17/04 Annual
1.01 Elect Arthur M. Blank MGMT YES WHOLD AGNST
1.02 Elect Gary L. Crittenden MGMT YES WHOLD AGNST
1.03 Elect Martin Trust MGMT YES WHOLD AGNST
1.04 Elect Paul F. Walsh MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Add Shares to Employee Stock Purchase 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 AGNST AGNST
6.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
7.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
8.00 Restrict Executive Compensation SHLDR YES AGNST FOR
9.00 Limit Consulting by Auditors SHLDR YES FOR AGNST

Starbucks SBUX 855244109 3/30/04 Annual
1.01 Elect William W. Bradley MGMT YES WHOLD AGNST
1.02 Elect Gregory B. Maffei MGMT YES WHOLD AGNST
1.03 Elect Orin C. Smith MGMT YES WHOLD AGNST
1.04 Elect Olden Lee MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Sungard Data Systems Inc SDS 867363103 5/14/04 Annual
1.01 Elect Gregory S. Bentley MGMT YES WHOLD AGNST
1.02 Elect Michael C. Brooks MGMT YES FOR FOR
1.03 Elect Cristobal Conde MGMT YES FOR FOR
1.04 Elect Ramon de Oliveira MGMT YES WHOLD AGNST
1.05 Elect Henry C. Duques MGMT YES FOR FOR
1.06 Elect Albert A. Eisenstat MGMT YES FOR FOR
1.07 Elect Bernard Goldstein MGMT YES FOR FOR
1.08 Elect Janet B. Haugen MGMT YES WHOLD AGNST
1.09 Elect James L. Mann MGMT YES FOR FOR
1.10 Elect Malcolm I. Ruddock MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Symantec SYMC 871503108 8/21/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST
4.00 Approve Annual Bonus Plan MGMT YES FOR FOR
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Symbol Technologies SBL 871508107 4/26/04 Annual
1.01 Elect William R. Nuti MGMT YES WHOLD AGNST
1.02 Elect Robert J. Chrenc MGMT YES WHOLD AGNST
1.03 Elect Edward R. Kozel MGMT YES WHOLD AGNST
1.04 Elect Salvatore Iannuzzi MGMT YES WHOLD AGNST
1.05 Elect George Samenuk MGMT YES WHOLD AGNST
1.06 Elect Melvin A. Yellin MGMT YES WHOLD AGNST
2.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

Tiffany & Co TIF 886547108 5/20/04 Annual
1.01 Elect Michael J. Kowalski MGMT YES WHOLD AGNST
1.02 Elect Rose Marie Bravo MGMT YES WHOLD AGNST
1.03 Elect William R. Chaney MGMT YES WHOLD AGNST
1.04 Elect Samuel L. Hayes III MGMT YES WHOLD AGNST
1.05 Elect Abby F. Kohnstamm MGMT YES WHOLD AGNST
1.06 Elect Charles K. Marquis MGMT YES WHOLD AGNST
1.07 Elect J. Thomas Presby MGMT YES WHOLD AGNST
1.08 Elect James E. Quinn MGMT YES WHOLD AGNST
1.09 Elect William A. Shutzer MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

TJX Companies Inc TJX 872540109 6/1/04 Annual
1.01 Elect Gary L. Crittenden MGMT YES WHOLD AGNST
1.02 Elect Edmond J. English MGMT YES WHOLD AGNST
1.03 Elect Richard G. Lesser MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Monitor/Adopt ILO Conventions SHLDR YES FOR AGNST
4.00 Review Global Labor Practices SHLDR YES FOR AGNST
5.00 Repeal Classified Board SHLDR YES FOR AGNST

UTStarcom UTSI 918076100 9/24/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

UTStarcom UTSI 918076100 5/14/04 Annual
1.01 Elect Thomas J. Toy MGMT YES WHOLD AGNST
1.02 Elect Ying Wu MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Wellchoice WC 949475107 5/19/04 Annual
1.01 Elect Philip Briggs MGMT YES WHOLD AGNST
1.02 Elect Faye Wattleton MGMT YES WHOLD AGNST
1.03 Elect Stephen Scheidt MGMT YES WHOLD AGNST
1.04 Elect Edward J. Malloy MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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

Wilmington Trust WL 971807102 4/15/04 Annual
1.01 Elect Charles S. Crompton Jr. MGMT YES WHOLD AGNST
1.02 Elect R. Keith Elliott MGMT YES WHOLD AGNST
1.03 Elect Stacey J. Mobley MGMT YES WHOLD AGNST
1.04 Elect H. Rodney Sharp III MGMT YES WHOLD AGNST
2.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Yum Brands Inc YUM 988498101 5/20/04 Annual
1.01 Elect Robert J. Holland Jr. MGMT YES WHOLD AGNST
1.02 Elect David C. Novak MGMT YES WHOLD AGNST
1.03 Elect Jackie Trujilo MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Review or Reduce Tobacco Harm to Health SHLDR YES FOR AGNST
5.00 Report on Sustainability SHLDR YES FOR AGNST
6.00 Urge MacBride on Contractor/Franchisee SHLDR YES FOR AGNST
7.00 Review or Curb Bioengineering SHLDR YES FOR AGNST
8.00 Review or Promote Animal Welfare SHLDR YES FOR AGNST

Zebra Technologies Corp ZBRA 989207105 6/3/04 Annual
1.01 Elect Gerhard Cless MGMT YES WHOLD AGNST
1.02 Elect Michael A. Smith MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Board Inclusiveness SHLDR YES FOR AGNST

Citizens Core Growth Fund

Item 1. Proxy Voting Record
Account Number: 010033700598

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 AGNST AGNST
4.00 Independent Board Chairman SHLDR YES FOR AGNST

Ace Ltd ACE G0070K103 5/27/04 Annual
1.01 Elect Brian Duperreault MGMT YES WHOLD AGNST
1.02 Elect Robert M. Hernandez MGMT YES WHOLD AGNST
1.03 Elect Peter Menikoff MGMT YES WHOLD AGNST
1.04 Elect Robert Ripp MGMT YES WHOLD AGNST
1.05 Elect Dermot F. Smurfit MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

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

American International Group AIG 026874107 5/19/04 Annual
1.01 Elect M. Bernard Aidinoff MGMT YES FOR FOR
1.02 Elect Pei-Yuan Chia MGMT YES FOR FOR
1.03 Elect Marshall A. Cohen MGMT YES WHOLD AGNST
1.04 Elect William S. Cohen MGMT YES FOR FOR
1.05 Elect Martin S. Feldstein MGMT YES FOR FOR
1.06 Elect Ellen V. Futter MGMT YES WHOLD AGNST
1.07 Elect Maurice R. Greenberg MGMT YES FOR FOR
1.08 Elect Carla A. Hills MGMT YES WHOLD AGNST
1.09 Elect Frank J. Hoenemeyer MGMT YES FOR FOR
1.10 Elect Richard C. Holbrooke MGMT YES FOR FOR
1.11 Elect Donald P. Kanak MGMT YES FOR FOR
1.12 Elect Howard I. Smith MGMT YES FOR FOR
1.13 Elect Martin J. Sullivan MGMT YES FOR FOR
1.14 Elect Edmund S.W. Tse MGMT YES FOR FOR
1.15 Elect Frank G. Zarb MGMT YES FOR FOR
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Adopt Director Stock Award Plan MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR
5.00 Review Political Spending SHLDR YES FOR AGNST
6.00 Sever Links with Tobacco Industry SHLDR YES FOR AGNST
7.00 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST

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 AGNST AGNST
3.00 Report on EEO SHLDR YES FOR AGNST
4.00 Expense Stock Options SHLDR YES FOR AGNST

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

Apache APA 037411105 12/18/03 Special
1.00 Increase Authorized Common Stock 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 Amend Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Stock Option Plan
Amend Director Stock Option Plan

Avaya AV 053499109 2/26/04 Annual
1.01 Elect Joseph P. Landy MGMT YES WHOLD AGNST
1.02 Elect Mark Leslie MGMT YES WHOLD AGNST
1.03 Elect Donald K. Peterson MGMT YES WHOLD AGNST
1.04 Elect Anthony P. Terracciano MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Cap Executive Pay SHLDR YES FOR AGNST

Avon Products AVP 054303102 5/6/04 Annual
1.01 Elect Edward T. Fogarty MGMT YES WHOLD AGNST
1.02 Elect Susan J. Kropf MGMT YES WHOLD AGNST
1.03 Elect Maria Elena Lagomasino 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 Repeal Classified Board SHLDR YES FOR AGNST
5.00 Control Generation of Pollutants SHLDR YES FOR AGNST
6.00 Control Generation of Pollutants SHLDR YES FOR AGNST

Bank of America Corp BAC 060505104 5/26/04 Annual
1.01 Elect William Barnet III MGMT YES WHOLD AGNST
1.02 Elect Charles W. Coker MGMT YES WHOLD AGNST
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 WHOLD AGNST
1.06 Elect Charles K. Gifford MGMT YES FOR FOR
1.07 Elect Donald E. Guinn MGMT YES WHOLD AGNST
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 WHOLD AGNST
1.12 Elect C. Steven McMillan MGMT YES WHOLD AGNST
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 WHOLD AGNST
1.17 Elect O. Temple Sloan Jr. MGMT YES WHOLD AGNST
1.18 Elect Meredith R. Spangler MGMT YES FOR FOR
1.19 Elect Jackie M. Ward MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Change Annual Meeting Date SHLDR YES FOR AGNST
4.00 Double Board Nominees SHLDR YES FOR AGNST
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 FOR AGNST

Barr Laboratories BRL 068306109 10/23/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Approve Reincorporation MGMT YES FOR FOR
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

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 AGNST AGNST

Cendant CD 151313103 4/20/04 Annual
1.01 Elect M. Brian Mulroney MGMT YES WHOLD AGNST
1.02 Elect Ronald L. Nelson MGMT YES WHOLD AGNST
1.03 Elect Robert W. Pittman MGMT YES WHOLD AGNST
1.04 Elect Myra J. Biblowit MGMT YES WHOLD AGNST
1.05 Elect Sheli Z. Rosenberg MGMT YES WHOLD AGNST
2.00 Repeal Classified Board MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Independent Board Chairman SHLDR YES FOR AGNST
5.00 Cap Executive Pay SHLDR YES FOR AGNST

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 AGNST AGNST
4.00 Misc. Human/Political Rights Proposal SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

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 WHOLD AGNST
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 WHOLD AGNST
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 FOR AGNST
4.00 Review Political Spending SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Independent Board Chairman SHLDR YES FOR AGNST

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 WHOLD AGNST
1.03 Elect Cathleen P. Black MGMT YES WHOLD AGNST
1.04 Elect Warren E. Buffett MGMT YES WHOLD AGNST
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 WHOLD AGNST
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 WHOLD AGNST
1.11 Elect Robert L. Nardelli MGMT YES WHOLD AGNST
1.12 Elect Samuel A. Nunn Jr. MGMT YES FOR FOR
1.13 Elect J. Pedro Reinhard MGMT YES WHOLD AGNST
1.14 Elect James D. Robinson III MGMT YES WHOLD AGNST
1.15 Elect Peter V. Ueberroth MGMT YES WHOLD AGNST
1.16 Elect James B. Williams MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Review AIDS Pandemic's Impact on Company SHLDR YES FOR FOR
4.00 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Restrict Executive Compensation SHLDR YES FOR AGNST
7.00 Shareholder Approval of Deferred Plan SHLDR YES FOR AGNST
8.00 China--Adopt Code of Conduct SHLDR YES FOR AGNST
9.00 Independent Board Chairman SHLDR YES FOR AGNST

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 FOR FOR
1.07 Elect Delano E. Lewis MGMT YES FOR FOR
1.08 Elect Reuben Mark MGMT YES FOR FOR
1.09 Elect Elizabeth A. Monrad MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
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 FOR AGNST
6.00 Independent Board Chairman SHLDR YES FOR AGNST

Comcast Corp CMCSA 20030N101 5/26/04 Annual
1.01 Elect Decker Anstrom MGMT YES WHOLD AGNST
1.02 Elect C. Michael Armstrong MGMT YES WHOLD AGNST
1.03 Elect Kenneth J. Bacon MGMT YES FOR FOR
1.04 Elect Sheldon M. Bonovitz MGMT YES WHOLD AGNST
1.05 Elect Julian A. Brodsky MGMT YES WHOLD AGNST
1.06 Elect Joseph L. Castle II MGMT YES FOR FOR
1.07 Elect J. Michael Cook MGMT YES FOR FOR
1.08 Elect Brian L. Roberts MGMT YES WHOLD AGNST
1.09 Elect Ralph J. Roberts MGMT YES WHOLD AGNST
1.10 Elect Judith Rodin MGMT YES WHOLD AGNST
1.11 Elect Michael I. Sovern MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Add Shares to Stock Award Plan MGMT YES AGNST AGNST
Amend Stock Award Plan
4.00 Approve Non-Technical Charter Amendments MGMT YES FOR FOR
5.00 Increase Board Independence SHLDR YES FOR AGNST
6.00 Review Political Spending SHLDR YES FOR AGNST
7.00 Double Board Nominees SHLDR YES FOR AGNST
8.00 Restrict Executive Compensation SHLDR YES AGNST FOR
9.00 Eliminate Dual Class Stock SHLDR YES FOR AGNST

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 AGNST AGNST

ConocoPhillips COP 20825C104 5/5/04 Annual
1.01 Elect David L. Boren MGMT YES WHOLD AGNST
1.02 Elect James E. Copeland Jr. MGMT YES WHOLD AGNST
1.03 Elect Kenneth M. Duberstein MGMT YES WHOLD AGNST
1.04 Elect Ruth R. Harkin MGMT YES WHOLD AGNST
1.05 Elect William R. Rhodes MGMT YES WHOLD AGNST
1.06 Elect J. Stapleton Roy 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 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Preserve/Report on Natural Habitat SHLDR YES AGNST FOR

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

CVS Corp CVS 126650100 5/12/04 Annual
1.01 Elect W. Don Cornwell MGMT YES WHOLD AGNST
1.02 Elect Thomas P. Gerrity MGMT YES WHOLD AGNST
1.03 Elect Stanley P. Goldstein MGMT YES FOR FOR
1.04 Elect Marian L. Heard MGMT YES WHOLD AGNST
1.05 Elect William H. Joyce MGMT YES FOR FOR
1.06 Elect Terry R. Lautenbach MGMT YES WHOLD AGNST
1.07 Elect Terrence Murray MGMT YES FOR FOR
1.08 Elect Sheli Z. Rosenberg MGMT YES FOR FOR
1.09 Elect Thomas M. Ryan MGMT YES WHOLD AGNST
2.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Dell DELL 24702R101 7/18/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
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

Electronic Arts ERTS 285512109 7/31/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
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

Fannie Mae FNM 313586109 5/25/04 Annual
1.01 Elect Stephen B. Ashley MGMT YES FOR FOR
1.02 Elect Kenneth M. Duberstein MGMT YES WHOLD AGNST
1.03 Elect Thomas P. Gerrity MGMT YES WHOLD AGNST
1.04 Elect Timothy Howard MGMT YES FOR FOR
1.05 Elect Ann McLaughlin Korologos MGMT YES WHOLD AGNST
1.06 Elect Frederic V. Malek MGMT YES WHOLD AGNST
1.07 Elect Donald B. Marron MGMT YES FOR FOR
1.08 Elect Daniel H. Mudd MGMT YES FOR FOR
1.09 Elect Anne M. Mulcahy MGMT YES WHOLD AGNST
1.10 Elect Joe K. Pickett MGMT YES WHOLD AGNST
1.11 Elect Leslie Rahl MGMT YES FOR FOR
1.12 Elect Franklin D. Raines MGMT YES FOR FOR
1.13 Elect H. Patrick Swygert MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Add Shares to Employee Stock Purchase Plan MGMT YES FOR FOR
4.00 Adopt Cumulative Voting SHLDR YES FOR AGNST

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

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

First Data Corp FDC 319963104 5/19/04 Annual
1.01 Elect Henry C. Duques MGMT YES WHOLD AGNST
1.02 Elect Charles T. Fote MGMT YES WHOLD AGNST
1.03 Elect Richard P. Kiphart MGMT YES WHOLD AGNST
1.04 Elect Joan E. Spero MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Gap Inc GPS 364760108 5/12/04 Annual
1.01 Elect Adrian D.P. Bellamy MGMT YES FOR FOR
1.02 Elect Donald G. Fisher MGMT YES FOR FOR
1.03 Elect Doris F. Fisher MGMT YES FOR FOR
1.04 Elect Robert J. Fisher MGMT YES FOR FOR
1.05 Elect Glenda A. Hatchett MGMT YES FOR FOR
1.06 Elect Penelope L. Hughes MGMT YES FOR FOR
1.07 Elect Bob L. Martin MGMT YES WHOLD AGNST
1.08 Elect Jorge P. Montoya MGMT YES FOR FOR
1.09 Elect Paul S. Pressler MGMT YES FOR FOR
1.10 Elect James M. Schneider MGMT YES FOR FOR
1.11 Elect Mayo A. Shattuck III MGMT YES FOR FOR
1.12 Elect Howard P. Behar MGMT YES FOR FOR
1.13 Elect Margaret C. Whitman MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Amend Annual Bonus Plan MGMT YES AGNST AGNST
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Gillette Co G 375766102 5/20/04 Annual
1.01 Elect Edward F. DeGraan MGMT YES WHOLD AGNST
1.02 Elect Wilbur H. Gantz MGMT YES WHOLD AGNST
1.03 Elect James M. Kilts MGMT YES WHOLD AGNST
1.04 Elect Jorge Paulo Lemann MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Repeal Classified Board SHLDR YES FOR AGNST
5.00 Limit Consulting by Auditors SHLDR YES FOR AGNST
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 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 WHOLD AGNST
1.06 Elect Milledge A. Hart III MGMT YES FOR FOR
1.07 Elect Bonnie Guiton Hill MGMT YES WHOLD AGNST
1.08 Elect Kenneth G. Langone MGMT YES WHOLD AGNST
1.09 Elect Robert L. Nardelli MGMT YES FOR FOR
1.10 Elect Roger S. Penske 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 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Monitor/Adopt ILO Conventions SHLDR YES FOR AGNST
7.00 Golden Parachutes SHLDR YES FOR AGNST
8.00 Require Majority Vote to Elect Directors SHLDR YES FOR AGNST

Intel Corp INTC 458140100 5/19/04 Annual
1.01 Elect Craig R. Barrett MGMT YES WHOLD AGNST
1.02 Elect Charlene Barshefsky MGMT YES WHOLD AGNST
1.03 Elect E. John P. Browne MGMT YES WHOLD AGNST
1.04 Elect Andrew S. Grove MGMT YES WHOLD AGNST
1.05 Elect D. James Guzy MGMT YES WHOLD AGNST
1.06 Elect Reed E. Hundt MGMT YES WHOLD AGNST
1.07 Elect Paul S. Otellini MGMT YES WHOLD AGNST
1.08 Elect David S. Pottruck MGMT YES WHOLD AGNST
1.09 Elect Jane E. Shaw MGMT YES WHOLD AGNST
1.10 Elect John L. Thornton MGMT YES WHOLD AGNST
1.11 Elect David B. Yoffie 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 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 FOR AGNST

International Business Machines IBM 459200101 4/27/04 Annual
1.01 Elect Cathleen P. Black MGMT YES FOR FOR
1.02 Elect Kenneth I. Chenault MGMT YES FOR FOR
1.03 Elect Carlos Ghosn MGMT YES FOR FOR
1.04 Elect Nannerl O. Keohane MGMT YES FOR FOR
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 FOR FOR
1.08 Elect John B. Slaughter MGMT YES WHOLD AGNST
1.09 Elect Joan E. Spero MGMT YES FOR FOR
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 FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
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 FOR AGNST
6.00 Provide Pension Choices SHLDR YES FOR AGNST
7.00 Pension Fund Surplus SHLDR YES FOR AGNST
8.00 Expense Stock Options SHLDR YES FOR AGNST
9.00 Disclose Executive Compensation SHLDR YES FOR AGNST
10.00 China--Adopt Code of Conduct SHLDR YES FOR AGNST
11.00 Review Political Spending SHLDR YES FOR AGNST
12.00 Restrict Executive Compensation SHLDR YES AGNST FOR

International Rectifier IRF 460254105 1/26/04 Special
1.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

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 WHOLD AGNST
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 WHOLD AGNST
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 FOR AGNST
9.00 Independent Board Chairman SHLDR YES FOR AGNST
10.00 Failure to Disclose Derivatives SHLDR YES AGNST FOR
11.00 Limit Consulting by Auditors SHLDR YES FOR AGNST
12.00 Restrict Director Compensation SHLDR YES FOR AGNST
13.00 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST

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

Krispy Kreme Doughnuts Inc KKD 501014104 5/26/04 Annual
1.01 Elect Scott A. Livengood MGMT YES WHOLD AGNST
1.02 Elect Robert S. McCoy, Jr. MGMT YES WHOLD AGNST
1.03 Elect Su Hua Newton MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Legg Mason LM 524901105 7/22/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST

Lowe's Companies Inc LOW 548661107 5/28/04 Annual
1.01 Elect Leonard L. Berry MGMT YES WHOLD AGNST
1.02 Elect Paul Fulton MGMT YES WHOLD AGNST
1.03 Elect Dawn E. Hudson MGMT YES WHOLD AGNST
1.04 Elect Marshall O. Larsen MGMT YES WHOLD AGNST
1.05 Elect Robert A. Niblock MGMT YES WHOLD AGNST
1.06 Elect Stephen F. Page MGMT YES WHOLD AGNST
1.07 Elect O. Temple Sloan Jr. MGMT YES WHOLD AGNST
1.08 Elect Robert L. Tillman MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Manpower MAN 56418H100 4/27/04 Annual
1.01 Elect Stephanie A. Burns MGMT YES WHOLD AGNST
1.02 Elect Willie D. Davis MGMT YES WHOLD AGNST
1.03 Elect Jack M. Greenberg MGMT YES WHOLD AGNST
1.04 Elect Terry A. Hueneke MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

MBNA KRB 55262L100 5/3/04 Annual
1.01 Elect James H. Berick MGMT YES WHOLD AGNST
1.02 Elect Benjamin R. Civiletti MGMT YES WHOLD AGNST
1.03 Elect Bruce L. Hammonds MGMT YES WHOLD AGNST
1.04 Elect William L. Jews MGMT YES WHOLD AGNST
1.05 Elect Randolph D. Lerner MGMT YES WHOLD AGNST
1.06 Elect Stuart L. Markowitz MGMT YES WHOLD AGNST
1.07 Elect William B. Milstead 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 Increase Board Independence SHLDR YES FOR AGNST

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

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 AGNST AGNST
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Amend Deferred Compensation Plan MGMT YES FOR 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 AGNST AGNST
3.00 Adopt Cumulative Voting SHLDR YES FOR AGNST
4.00 Independent Board Chairman SHLDR YES FOR AGNST

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

Netflix NFLX 64110L106 4/28/04 Annual
1.01 Elect Timothy M. Haley MGMT YES WHOLD AGNST
1.02 Elect Michael Ramsay MGMT YES WHOLD AGNST
1.03 Elect Michael Schuh MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

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

Oracle ORCL 68389X105 10/13/03 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
4.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
5.00 China--Adopt Code of Conduct SHLDR YES FOR AGNST

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

PepsiCo PEP 713448108 5/5/04 Annual
1.01 Elect John F. Akers MGMT YES FOR FOR
1.02 Elect Robert E. Allen MGMT YES FOR FOR
1.03 Elect Ray L. Hunt MGMT YES FOR FOR
1.04 Elect Arthur C. Martinez MGMT YES FOR FOR
1.05 Elect Indra K. Nooyi MGMT YES FOR FOR
1.06 Elect Franklin D. Raines MGMT YES WHOLD AGNST
1.07 Elect Steven S. Reinemund MGMT YES FOR FOR
1.08 Elect Sharon Percy Rockefeller MGMT YES FOR FOR
1.09 Elect James J. Schiro MGMT YES FOR FOR
1.10 Elect Franklin A. Thomas MGMT YES WHOLD AGNST
1.11 Elect Cynthia M. Trudell MGMT YES FOR FOR
1.12 Elect Solomon D. Trujillo MGMT YES FOR FOR
1.13 Elect Daniel Vasella MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Review Political Spending SHLDR YES FOR AGNST
5.00 Review AIDS Pandemic's Impact on Company SHLDR YES FOR AGNST

Pfizer PFE 717081103 4/22/04 Annual
1.01 Elect Michael S. Brown MGMT YES FOR FOR
1.02 Elect M. Anthony Burns MGMT YES FOR FOR
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 FOR FOR
1.07 Elect William R. Howell MGMT YES WHOLD AGNST
1.08 Elect Stanley O. Ikenberry MGMT YES FOR FOR
1.09 Elect George A. Lorch MGMT YES FOR FOR
1.10 Elect Henry A. McKinnell Jr. MGMT YES WHOLD AGNST
1.11 Elect Dana G. Mead MGMT YES FOR FOR
1.12 Elect Franklin D. Raines MGMT YES WHOLD AGNST
1.13 Elect Ruth J. Simmons MGMT YES FOR FOR
1.14 Elect William C. Steere Jr. MGMT YES FOR FOR
1.15 Elect Jean-Paul Valles MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Review AIDS Pandemic's Impact on Company SHLDR YES FOR AGNST
5.00 Limit or End Political Spending SHLDR YES AGNST FOR
6.00 Review Political Spending SHLDR YES FOR AGNST
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 AGNST FOR
10.00 Review or Promote Animal Welfare SHLDR YES FOR AGNST

Praxair PX 74005P104 4/27/04 Annual
1.01 Elect Alejandro Achaval MGMT YES WHOLD AGNST
1.02 Elect Ronald L. Kuehn Jr. MGMT YES WHOLD AGNST
1.03 Elect H. Mitchell Watson Jr. MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
4.00 Adopt Poison Pill MGMT YES AGNST AGNST

Qualcomm QCOM 747525103 3/2/04 Annual
1.01 Elect Adelia A. Coffman MGMT YES WHOLD AGNST
1.02 Elect Raymond V. Dittamore MGMT YES WHOLD AGNST
1.03 Elect Irwin Mark Jacobs MGMT YES WHOLD AGNST
1.04 Elect Richard Sulpizio MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR
4.00 Repeal Classified Board SHLDR YES FOR AGNST

Seagate Technology STX 811804103 10/29/03 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 AGNST AGNST

Sigma-Aldrich SIAL 826552101 5/4/04 Annual
1.01 Elect Nina V. Fedoroff MGMT YES FOR FOR
1.02 Elect David R. Harvey MGMT YES FOR FOR
1.03 Elect W. Lee McCollum MGMT YES FOR FOR
1.04 Elect William C. O'Neil, Jr. MGMT YES FOR FOR
1.05 Elect J. Pedro Reinhard MGMT YES FOR FOR
1.06 Elect Jerome W. Sandweiss MGMT YES FOR FOR
1.07 Elect D. Dean Spatz MGMT YES FOR FOR
1.08 Elect Barrett A. Toan MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Southwest Airlines LUV 844741108 5/19/04 Annual
1.01 Elect Herbert D. Kelleher MGMT YES WHOLD AGNST
1.02 Elect Rollin W. King MGMT YES WHOLD AGNST
1.03 Elect June M. Morris MGMT YES WHOLD AGNST
1.04 Elect C. Webb Crockett MGMT YES WHOLD AGNST
1.05 Elect William P. Hobby Jr. MGMT YES WHOLD AGNST
1.06 Elect Travis C. Johnson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

SPX SPW 784635104 4/28/04 Annual
1.01 Elect Sarah R. Coffin MGMT YES WHOLD AGNST
1.02 Elect Charles E. Johnson II MGMT YES WHOLD AGNST
1.03 Elect David P. Williams MGMT YES WHOLD 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 AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

St. Paul SPC 792860108 3/19/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance
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

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

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 FOR FOR
1.04 Elect Thomas J. Engibous MGMT YES FOR FOR
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 FOR FOR
1.08 Elect Ruth J. Simmons MGMT YES WHOLD AGNST
1.09 Elect Richard K. Templeton MGMT YES FOR FOR
1.10 Elect Christine Todd Whitman MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Expense Stock Options SHLDR YES FOR AGNST

United Parcel Service UPS 911312106 5/6/04 Annual
1.01 Elect Calvin Darden MGMT YES FOR FOR
1.02 Elect Michael L. Eskew MGMT YES FOR FOR
1.03 Elect James P. Kelly MGMT YES FOR FOR
1.04 Elect Ann M. Livermore MGMT YES WHOLD AGNST
1.05 Elect Gary E. MacDougal MGMT YES FOR FOR
1.06 Elect Victor A. Pelson MGMT YES FOR FOR
1.07 Elect Lea N. Soupata MGMT YES FOR FOR
1.08 Elect Robert M. Teeter MGMT YES FOR FOR
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 AGNST AGNST

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 AGNST FOR

UTStarcom UTSI 918076100 5/14/04 Annual
1.01 Elect Thomas J. Toy MGMT YES WHOLD AGNST
1.02 Elect Ying Wu MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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 AGNST AGNST
3.00 Double Board Nominees SHLDR YES FOR AGNST
4.00 Review Political Spending SHLDR YES FOR AGNST
5.00 Independent Board Chairman SHLDR YES FOR AGNST

Walgreen WAG 931422109 1/14/04 Annual
1.01 Elect David W. Bernauer MGMT YES FOR FOR
1.02 Elect William C. Foote MGMT YES WHOLD AGNST
1.03 Elect James J. Howard MGMT YES FOR FOR
1.04 Elect Alan G. McNally MGMT YES FOR FOR
1.05 Elect Cordell Reed MGMT YES FOR FOR
1.06 Elect Jeffrey A. Rein MGMT YES FOR FOR
1.07 Elect David Y. Schwartz MGMT YES WHOLD AGNST
1.08 Elect John B. Schwemm MGMT YES WHOLD AGNST
1.09 Elect Marilou M. von Ferstel MGMT YES WHOLD AGNST
1.10 Elect Charles R. Walgreen III MGMT YES FOR FOR
2.00 Adopt Director Stock Award Plan MGMT YES AGNST AGNST

Washington Mutual WM 939322103 4/20/04 Annual
1.01 Elect Anne V. Farrell MGMT YES WHOLD AGNST
1.02 Elect Stephen E. Frank MGMT YES WHOLD AGNST
1.03 Elect Margaret G. Osmer-McQuade MGMT YES WHOLD AGNST
1.04 Elect William D. Schulte MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Implement Executive Compensation Plan SHLDR YES FOR AGNST

WellPoint Health Networks WLP 94973H108 6/28/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR

Western Digital WDC 958102105 11/20/03 Annual
1.00 Elect Directors 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 AGNST AGNST

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

Citizens 300 Fund

Item 1. Proxy Voting Record
Account Number: 010034079943

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 FOR AGNST
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

AES AES 00130H105 4/28/04 Annual
1.01 Elect Richard Darman MGMT YES WHOLD AGNST
1.02 Elect Alice F. Emerson MGMT YES WHOLD AGNST
1.03 Elect Paul T. Hanrahan MGMT YES WHOLD AGNST
1.04 Elect Kristina M. Johnson MGMT YES WHOLD AGNST
1.05 Elect John A. Koskinen MGMT YES WHOLD AGNST
1.06 Elect Philip Lader MGMT YES WHOLD AGNST
1.07 Elect John H. McArthur MGMT YES WHOLD AGNST
1.08 Elect Sandra O. Moose MGMT YES WHOLD AGNST
1.09 Elect Phillip A. Odeen MGMT YES WHOLD AGNST
1.10 Elect Charles O. Rossotti MGMT YES WHOLD AGNST
1.11 Elect Sven Sandstrom MGMT YES WHOLD AGNST
1.12 Elect Roger W. Sant MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Air Products and Chemicals APD 009158106 1/22/04 Annual
1.01 Elect W. Douglas Ford MGMT YES WHOLD AGNST
1.02 Elect James F. Hardymon MGMT YES WHOLD AGNST
1.03 Elect Paula G. Rosput MGMT YES WHOLD AGNST
1.04 Elect Lawrason D. Thomas MGMT YES WHOLD AGNST
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 FOR FOR
1.02 Elect James G. Andress MGMT YES FOR FOR
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 FOR FOR
1.06 Elect Ronald T. LeMay MGMT YES FOR FOR
1.07 Elect Edward M. Liddy MGMT YES WHOLD AGNST
1.08 Elect J. Christopher Reyes MGMT YES FOR FOR
1.09 Elect H. John Riley Jr. MGMT YES FOR FOR
1.10 Elect Joshua I. Smith MGMT YES FOR FOR
1.11 Elect Judith A. Sprieser MGMT YES FOR FOR
1.12 Elect Mary Alice Taylor MGMT YES FOR FOR
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 FOR AGNST

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 AGNST AGNST
3.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

American Power Conversion APCC 029066107 6/10/04 Annual
1.00 Approve Board Size MGMT YES AGNST AGNST
2.01 Elect Rodger B. Dowdell Jr. MGMT YES WHOLD AGNST
2.02 Elect Emanuel E. Landsman MGMT YES WHOLD AGNST
2.03 Elect Neil E. Rasmussen MGMT YES WHOLD AGNST
2.04 Elect Ervin F. Lyon MGMT YES WHOLD AGNST
2.05 Elect James D. Gerson MGMT YES WHOLD AGNST
2.06 Elect John G. Kassakian MGMT YES WHOLD AGNST
2.07 Elect John F. Keane MGMT YES WHOLD AGNST
2.08 Elect Ellen B. Richstone MGMT YES WHOLD AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

AmerisourceBergen ABC 03073E105 3/5/04 Annual
1.01 Elect Edward E. Hagenlocker MGMT YES WHOLD AGNST
1.02 Elect Kurt J Hilzinger MGMT YES WHOLD AGNST

AmSouth Bancorporation ASO 032165102 4/15/04 Annual
1.01 Elect Claude B. Nielsen MGMT YES WHOLD AGNST
1.02 Elect Cleophus Thomas MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
5.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
6.00 Report on Political Donations and Policy SHLDR YES FOR AGNST

Anadarko Petroleum APC 032511107 5/6/04 Annual
1.01 Elect Larry Barcus MGMT YES WHOLD AGNST
1.02 Elect James L. Bryan MGMT YES WHOLD AGNST
1.03 Elect James T. Hackett MGMT YES WHOLD AGNST
2.00 Amend Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Report or Take Action on Climate Change 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

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

Apache APA 037411105 5/6/04 Annual
1.01 Elect Eugene C. Fiedorek MGMT YES WHOLD AGNST
1.02 Elect Patricia Albjerg Graham MGMT YES WHOLD AGNST
1.03 Elect F.H. Merelli MGMT YES WHOLD AGNST
1.04 Elect Raymond Plank MGMT YES WHOLD AGNST
2.00 Report or Take Action on Climate Change SHLDR YES FOR AGNST

AutoZone AZO 053332102 12/11/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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 AGNST AGNST
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR

Baker Hughes BHI 057224107 4/28/04 Annual
1.01 Elect Edward P. Djerejian MGMT YES WHOLD AGNST
1.02 Elect H. John Riley Jr. MGMT YES WHOLD AGNST
1.03 Elect Charles L. Watson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES FOR AGNST
4.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST

Bank Of New York BK 064057102 4/13/04 Annual
1.01 Elect Frank J. Biondi Jr. MGMT YES WHOLD AGNST
1.02 Elect Nicholas M. Donofrio MGMT YES WHOLD AGNST
1.03 Elect Alan R. Griffith MGMT YES WHOLD AGNST
1.04 Elect Gerald L. Hassell MGMT YES WHOLD AGNST
1.05 Elect Richard J. Kogan MGMT YES WHOLD AGNST
1.06 Elect Michael J. Kowalski MGMT YES WHOLD AGNST
1.07 Elect John A. Luke Jr. MGMT YES WHOLD AGNST
1.08 Elect John C. Malone MGMT YES WHOLD AGNST
1.09 Elect Paul Myners MGMT YES WHOLD AGNST
1.10 Elect Robert C. Pozen MGMT YES WHOLD AGNST
1.11 Elect Catherine A. Rein MGMT YES WHOLD AGNST
1.12 Elect Thomas A. Renyi MGMT YES WHOLD AGNST
1.13 Elect William C. Richardson MGMT YES WHOLD AGNST
1.14 Elect Brian L. Roberts MGMT YES WHOLD AGNST
1.15 Elect Samuel C. Scott III MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Amend Annual Bonus Plan MGMT YES FOR FOR
4.00 Review Political Spending SHLDR YES FOR AGNST
5.00 Implement Executive Compensation Plan SHLDR YES FOR AGNST
6.00 Increase Risk Committee Independence SHLDR YES FOR AGNST
7.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST

Bank One Corp ONE 06423A103 5/25/04 Annual
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
2.01 Elect John H. Bryan MGMT YES FOR FOR
2.02 Elect Stephen B. Burke MGMT YES FOR FOR
2.03 Elect James S. Crown MGMT YES FOR FOR
2.04 Elect James Dimon MGMT YES FOR FOR
2.05 Elect Maureen A. Fay MGMT YES FOR FOR
2.06 Elect Laban P. Jackson, Jr. MGMT YES FOR FOR
2.07 Elect John W. Kessler MGMT YES FOR FOR
2.08 Elect Robert I. Lipp MGMT YES FOR FOR
2.09 Elect Richard A. Manoogian MGMT YES FOR FOR
2.10 Elect David C. Novak MGMT YES WHOLD AGNST
2.11 Elect John W. Rogers Jr. MGMT YES WHOLD AGNST
2.12 Elect Frederick P. Stratton Jr. MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Baxter International BAX 071813109 5/4/04 Annual
1.01 Elect John D. Forsyth MGMT YES WHOLD AGNST
1.02 Elect Gail D. Fosler MGMT YES WHOLD AGNST
1.03 Elect Carole J. Uhrich MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Cumulative Voting SHLDR YES FOR AGNST

BB&T BBT 054937107 4/27/04 Annual
1.00 Repeal Classified Board MGMT YES FOR FOR
2.00 Repeal Classified Board MGMT YES AGNST AGNST
Approve Non-Technical Bylaw Amendments
3.01 Elect John A. Allison IV MGMT YES WHOLD AGNST
3.02 Elect Ronald E. Deal MGMT YES WHOLD AGNST
3.03 Elect Tom D. Efird MGMT YES WHOLD AGNST
3.04 Elect Albert O. McCauley MGMT YES WHOLD AGNST
3.05 Elect Barry J. Fitzpatrick MGMT YES WHOLD AGNST
3.06 Elect J. Holmes Morrison MGMT YES WHOLD AGNST
3.07 Elect Jennifer S. Banner MGMT YES WHOLD AGNST
3.08 Elect Albert F. Zettlemoyer MGMT YES WHOLD AGNST
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES FOR FOR
6.00 Restrict Executive Compensation SHLDR YES AGNST FOR

Becton Dickinson BDX 075887109 2/11/04 Annual
1.01 Elect Henry P. Becton Jr. MGMT YES WHOLD AGNST
1.02 Elect Edward F. DeGraan MGMT YES WHOLD AGNST
1.03 Elect James F. Orr MGMT YES WHOLD AGNST
1.04 Elect Margaretha Af Ugglas MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Adopt Cumulative Voting SHLDR YES FOR AGNST

Best Buy Co Inc BBY 086516101 6/24/04 Annual
1.01 Elect Bradbury H. Anderson MGMT YES WHOLD AGNST
1.02 Elect Kathy J. Higgins Victor MGMT YES WHOLD AGNST
1.03 Elect Allen U. Lenzmeier MGMT YES WHOLD AGNST
1.04 Elect Frank D. Trestman MGMT YES WHOLD AGNST
1.05 Elect James C. Wetherbe MGMT YES WHOLD AGNST
1.06 Elect Ronald James MGMT YES WHOLD AGNST
1.07 Elect Mathew H. Paull MGMT YES WHOLD AGNST
1.08 Elect Mary A. Tolan MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

BJ Services BJS 055482103 1/22/04 Annual
1.01 Elect Don D. Jordan MGMT YES WHOLD AGNST
1.02 Elect William H. White MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 develop/report on country selection standards SHLDR YES FOR
AGNST

Black & Decker BDK 091797100 4/27/04 Annual
1.01 Elect Nolan D. Archibald MGMT YES FOR FOR
1.02 Elect Norman R. Augustine MGMT YES WHOLD AGNST
1.03 Elect Barbara L. Bowles MGMT YES WHOLD AGNST
1.04 Elect M. Anthony Burns MGMT YES WHOLD AGNST
1.05 Elect Kim B. Clark MGMT YES FOR FOR
1.06 Elect Manuel A. Fernandez MGMT YES FOR FOR
1.07 Elect Benjamin H. Griswold IV MGMT YES FOR FOR
1.08 Elect Anthony Luiso MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Award Plan MGMT YES AGNST AGNST
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Broadcom BRCM 111320107 4/29/04 Annual
1.01 Elect George L. Farinsky MGMT YES WHOLD AGNST
1.02 Elect John E. Major MGMT YES WHOLD AGNST
1.03 Elect Alan E. Ross MGMT YES WHOLD AGNST
1.04 Elect Henry Samueli MGMT YES WHOLD AGNST
1.05 Elect Robert E. Switz MGMT YES WHOLD AGNST
1.06 Elect Werner F. Wolfen MGMT YES WHOLD AGNST
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 FOR FOR
1.02 Elect Reuben V. Anderson MGMT YES WHOLD AGNST
1.03 Elect Laird I. Grant MGMT YES FOR FOR
1.04 Elect Robert J. Harding MGMT YES FOR FOR
1.05 Elect John T. LaMacchia MGMT YES FOR FOR
1.06 Elect Randy L. Limbacher MGMT YES FOR FOR
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 FOR FOR
1.10 Elect James A. Runde MGMT YES FOR FOR
1.11 Elect John F. Schwarz MGMT YES FOR FOR
1.12 Elect Walter Scott Jr. MGMT YES WHOLD AGNST
1.13 Elect Bobby S. Shackouls MGMT YES FOR FOR
1.14 Elect Steven J. Shapiro MGMT YES FOR FOR
1.15 Elect William E. Wade Jr. MGMT YES FOR FOR
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Calpine Corp CPN 131347106 5/26/04 Annual
1.01 Elect Ann B. Curtis MGMT YES WHOLD AGNST
1.02 Elect Kenneth T. Derr MGMT YES WHOLD AGNST
1.03 Elect Gerald Greenwald MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
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 Review Operations' Impact on Local Groups SHLDR YES FOR AGNST
6.00 Restrict Executive Compensation SHLDR YES FOR AGNST
7.00 Voting Leverage SHLDR YES AGNST FOR
8.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Cardinal Health CAH 14149Y108 11/5/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST

Centex CTX 152312104 2/25/04 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR
2.00 Terminate Nominee Agreement MGMT YES FOR FOR
3.00 Approve Restructuring/Recapitalization MGMT YES FOR FOR

Chiron Corp CHIR 170040109 5/27/04 Annual
1.01 Elect Vaughn D. Bryson MGMT YES WHOLD AGNST
1.02 Elect Pierre E. Douaze MGMT YES WHOLD AGNST
1.03 Elect Edward E. Penhoet MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Clear Channel Communications CCU 184502102 4/28/04 Annual
1.01 Elect L. Lowry Mays MGMT YES FOR FOR
1.02 Elect Phyllis B. Riggins MGMT YES FOR FOR
1.03 Elect Alan D. Feld MGMT YES WHOLD AGNST
1.04 Elect Mark P. Mays MGMT YES FOR FOR
1.05 Elect Theodore H. Strauss MGMT YES FOR FOR
1.06 Elect Thomas O. Hicks MGMT YES FOR FOR
1.07 Elect Randall T. Mays MGMT YES FOR FOR
1.08 Elect J.C. Watts Jr. MGMT YES WHOLD AGNST
1.09 Elect Perry J. Lewis MGMT YES FOR FOR
1.10 Elect B. J. McCombs MGMT YES WHOLD AGNST
1.11 Elect John H. Williams MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Conexant Systems CNXT 207142100 2/25/04 Annual
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance
2.00 Add Shares to Director Stock Option Plan MGMT YES AGNST AGNST
Amend Director Stock Option Plan
3.00 Assume/Approve Stock Plans MGMT YES FOR FOR
4.01 Elect Donald R. Beall MGMT YES WHOLD AGNST
4.02 Elect Balakrishnan S. Iyer MGMT YES WHOLD AGNST
4.03 Elect Jerre L. Stead MGMT YES WHOLD AGNST
5.00 Ratify Selection of Auditors MGMT YES FOR FOR

Costco Wholesale COST 22160K105 1/29/04 Annual
1.01 Elect Benjamin S. Carson MGMT YES WHOLD AGNST
1.02 Elect Hamilton E. James MGMT YES WHOLD AGNST
1.03 Elect Jill A. Ruckelshaus MGMT YES WHOLD AGNST
1.04 Elect William H. Gates MGMT YES WHOLD AGNST
1.05 Elect Daniel J. Evans MGMT YES WHOLD AGNST
2.00 Repeal Classified Board SHLDR YES FOR AGNST
3.00 Report On Land Development Policy SHLDR YES FOR AGNST
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

D. R. Horton DHI 23331A109 1/29/04 Annual
1.01 Elect Donald R. Horton MGMT YES WHOLD AGNST
1.02 Elect Bradley S. Anderson MGMT YES WHOLD AGNST
1.03 Elect Michael R. Buchanan MGMT YES WHOLD AGNST
1.04 Elect Richard I. Galland MGMT YES WHOLD AGNST
1.05 Elect Francine I. Neff MGMT YES WHOLD AGNST
1.06 Elect Donald J. Tomnitz MGMT YES WHOLD AGNST
1.07 Elect Bill W. Wheat MGMT YES WHOLD AGNST
2.00 Amend Annual Bonus Plan MGMT YES FOR FOR
3.00 Approve Other Business MGMT YES FOR FOR

Dana DCN 235811106 4/19/04 Annual
1.01 Elect Benjamin F. Bailar MGMT YES WHOLD AGNST
1.02 Elect A. Charles Baillie MGMT YES WHOLD AGNST
1.03 Elect David E. Berges MGMT YES WHOLD AGNST
1.04 Elect Michael J. Burns MGMT YES WHOLD AGNST
1.05 Elect Edmund M. Carpenter MGMT YES WHOLD AGNST
1.06 Elect Samir G. Gibara MGMT YES WHOLD AGNST
1.07 Elect Cheryl W. Grise MGMT YES WHOLD AGNST
1.08 Elect Glen H. Hiner MGMT YES WHOLD AGNST
1.09 Elect James P. Kelly MGMT YES WHOLD AGNST
1.10 Elect Marilyn R. Marks MGMT YES WHOLD AGNST
1.11 Elect Richard B. Priory MGMT YES WHOLD AGNST
2.00 Amend Annual Bonus Plan MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
4.00 Amend Stock Option Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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

Delphi DPH 247126105 5/6/04 Annual
1.01 Elect Oscar de Paula Bernardes Neto MGMT YES WHOLD AGNST
1.02 Elect Bernd Gottschalk MGMT YES WHOLD AGNST
1.03 Elect John D. Opie 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 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
6.00 Repeal Classified Board SHLDR YES FOR AGNST
7.00 Review Global Labor Practices SHLDR YES FOR AGNST

Diamond Offshre Drilling Inc DO 25271C102 5/18/04 Annual
1.01 Elect James S. Tisch MGMT YES WHOLD AGNST
1.02 Elect Lawrence R. Dickerson MGMT YES WHOLD AGNST
1.03 Elect Alan R. Batkin MGMT YES WHOLD AGNST
1.04 Elect Charles L. Fabrikant MGMT YES WHOLD AGNST
1.05 Elect Herbert C. Hofmann MGMT YES WHOLD AGNST
1.06 Elect Arthur L. Rebell MGMT YES WHOLD AGNST
1.07 Elect Raymond S. Troubh MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Dover DOV 260003108 4/20/04 Annual
1.01 Elect David H. Benson MGMT YES WHOLD AGNST
1.02 Elect Jean-Pierre M. Ergas MGMT YES WHOLD AGNST
1.03 Elect Kristiane C. Graham MGMT YES WHOLD AGNST
1.04 Elect Ronald L. Hoffman MGMT YES WHOLD AGNST
1.05 Elect James L. Koley MGMT YES WHOLD AGNST
1.06 Elect Richard K. Lochridge MGMT YES WHOLD AGNST
1.07 Elect Thomas L. Reece MGMT YES WHOLD AGNST
1.08 Elect Bernard G. Rethore MGMT YES WHOLD AGNST
1.09 Elect Gary L. Roubos MGMT YES WHOLD AGNST
1.10 Elect Michael B. Stubbs MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Other Business MGMT YES FOR FOR

Eaton ETN 278058102 4/28/04 Annual
1.01 Elect Michael J. Critelli MGMT YES WHOLD AGNST
1.02 Elect Ernest Green MGMT YES WHOLD AGNST
1.03 Elect Kiran M. Patel MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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

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

Engelhard EC 292845104 5/6/04 Annual
1.01 Elect David L. Burner MGMT YES WHOLD AGNST
1.02 Elect James V. Napier MGMT YES WHOLD AGNST

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

Expeditors International of Washington EXPD 302130109 5/5/04
Annual
1.01 Elect Peter J. Rose MGMT YES WHOLD AGNST
1.02 Elect James L.K. Wang MGMT YES WHOLD AGNST
1.03 Elect R. Jordan Gates MGMT YES WHOLD AGNST
1.04 Elect James J. Casey MGMT YES WHOLD AGNST
1.05 Elect Dan Plato Kourkoumelis MGMT YES WHOLD AGNST
1.06 Elect Michael J. Malone MGMT YES WHOLD AGNST
1.07 Elect John W. Meisenbach MGMT YES WHOLD AGNST

Express Scripts Inc ESRX 302182100 5/26/04 Annual
1.01 Elect Gary G. Benanav MGMT YES WHOLD AGNST
1.02 Elect Frank J. Borelli MGMT YES WHOLD AGNST
1.03 Elect Nicholas J. LaHowchic MGMT YES WHOLD AGNST
1.04 Elect Thomas P. Mac Mahon MGMT YES WHOLD AGNST
1.05 Elect John O. Parker Jr. MGMT YES WHOLD AGNST
1.06 Elect George Paz MGMT YES WHOLD AGNST
1.07 Elect Samuel K. Skinner MGMT YES WHOLD AGNST
1.08 Elect Seymour Sternberg MGMT YES WHOLD AGNST
1.09 Elect Barrett A. Toan MGMT YES WHOLD AGNST
1.10 Elect Howard L. Waltman MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Fifth Third Bancorp FITB 316773100 3/23/04 Annual
1.01 Elect Darryl F. Allen MGMT YES WHOLD AGNST
1.02 Elect Allen M. Hill MGMT YES WHOLD AGNST
1.03 Elect Mitchel D. Livingston MGMT YES WHOLD AGNST
1.04 Elect Hendrick G. Meijer MGMT YES WHOLD AGNST
1.05 Elect James E. Rogers MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Adopt Sexual Orientation Anti-Bias Policy SHLDR YES FOR AGNST

First Data FDC 319963104 10/28/03 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
Approve Common Stock Issuance

Genzyme Corp GENZ 372917104 5/27/04 Annual
1.01 Elect Douglas A. Berthiaume MGMT YES WHOLD AGNST
1.02 Elect Henry E. Blair MGMT YES WHOLD AGNST
1.03 Elect Gail K. Boudreaux MGMT YES WHOLD AGNST
2.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Amend Director Stock Option Plan MGMT YES AGNST AGNST
Add Shares to Director Stock Option Plan
5.00 Cancel Series of Preferred Stock MGMT YES FOR FOR
Eliminate Dual Class Stock
6.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
7.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Golden West Financial GDW 381317106 4/27/04 Annual
1.01 Elect Patricia A. King MGMT YES WHOLD AGNST
1.02 Elect Marion O. Sandler MGMT YES WHOLD AGNST
1.03 Elect Leslie Tang Schilling MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Grainger (W.W.) GWW 384802104 4/28/04 Annual
1.01 Elect Brian P. Anderson MGMT YES FOR FOR
1.02 Elect Wesley M. Clark MGMT YES FOR FOR
1.03 Elect Wilbur H. Gantz MGMT YES FOR FOR
1.04 Elect David W. Grainger MGMT YES FOR FOR
1.05 Elect Richard L. Keyser MGMT YES FOR FOR
1.06 Elect Frederick A. Krehbiel MGMT YES WHOLD AGNST
1.07 Elect John W. McCarter Jr. MGMT YES FOR FOR
1.08 Elect Neil S. Novich MGMT YES FOR FOR
1.09 Elect James D. Slavik MGMT YES FOR FOR
1.10 Elect Harold B. Smith MGMT YES FOR FOR
1.11 Elect Janiece S. Webb MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR 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 AGNST AGNST
3.00 Expense Stock Options SHLDR YES FOR AGNST

Harley-Davidson HDI 412822108 4/24/04 Annual
1.01 Elect Barry K. Allen MGMT YES WHOLD AGNST
1.02 Elect Richard I. Beattie MGMT YES WHOLD AGNST
2.00 Amend 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

Hartford Financial Services Group Inc HIG 416515104 5/20/04 Annual
1.01 Elect Ramani Ayer MGMT YES FOR FOR
1.02 Elect Ronald E. Ferguson MGMT YES FOR FOR
1.03 Elect Edward J. Kelly III MGMT YES WHOLD AGNST
1.04 Elect Paul G. Kirk Jr. MGMT YES FOR FOR
1.05 Elect Thomas M. Marra MGMT YES FOR FOR
1.06 Elect Gail J. McGovern MGMT YES FOR FOR
1.07 Elect Robert W. Selander MGMT YES FOR FOR
1.08 Elect Charles B. Strauss MGMT YES FOR FOR
1.09 Elect H. Patrick Swygert MGMT YES FOR FOR
1.10 Elect Gordon I. Ulmer MGMT YES FOR FOR
1.11 Elect David K. Zwiener MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST

Hasbro Inc HAS 418056107 5/20/04 Annual
1.01 Elect Alan R. Batkin MGMT YES WHOLD AGNST
1.02 Elect Frank J. Biondi Jr. MGMT YES WHOLD AGNST
1.03 Elect John M. Connors Jr. MGMT YES FOR FOR
1.04 Elect Jack M. Greenberg MGMT YES FOR FOR
1.05 Elect Alan G. Hassenfeld MGMT YES FOR FOR
1.06 Elect Claudine B. Malone MGMT YES WHOLD AGNST
1.07 Elect Edward M. Philip MGMT YES WHOLD AGNST
1.08 Elect Paula Stern MGMT YES WHOLD AGNST
1.09 Elect Alfred J. Verrecchia MGMT YES FOR FOR
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Monitor/Adopt ILO Conventions SHLDR YES FOR AGNST

Hershey Foods HSY 427866108 4/28/04 Annual
1.01 Elect Jon A. Boscia MGMT YES FOR FOR
1.02 Elect Robert H. Campbell MGMT YES FOR FOR
1.03 Elect Robert F. Cavanaugh MGMT YES WHOLD AGNST
1.04 Elect Gary P. Coughlan MGMT YES FOR FOR
1.05 Elect Harriet Edelman MGMT YES FOR FOR
1.06 Elect Bonnie Guiton Hill MGMT YES WHOLD AGNST
1.07 Elect Richard H. Lenny MGMT YES FOR FOR
1.08 Elect Mackey J. McDonald MGMT YES WHOLD AGNST
1.09 Elect Marie J. Toulantis MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Huntington Bancshares HBAN 446150104 4/27/04 Annual
1.01 Elect Karen A. Holbrook MGMT YES WHOLD AGNST
1.02 Elect David P. Lauer MGMT YES WHOLD AGNST
1.03 Elect Kathleen H. Ransier MGMT YES WHOLD AGNST
1.04 Elect David L. Porteous 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

Illinois Tool Works ITW 452308109 5/7/04 Annual
1.01 Elect William F. Aldinger III MGMT YES WHOLD AGNST
1.02 Elect Michael J. Birck MGMT YES WHOLD AGNST
1.03 Elect Marvin D. Brailsford MGMT YES WHOLD AGNST
1.04 Elect James R. Cantalupo MGMT YES WHOLD AGNST
1.05 Elect Susan Crown MGMT YES FOR FOR
1.06 Elect Don H. Davis Jr. MGMT YES WHOLD AGNST
1.07 Elect W. James Farrell MGMT YES WHOLD AGNST
1.08 Elect Robert C. McCormack MGMT YES WHOLD AGNST
1.09 Elect Robert S. Morrison MGMT YES FOR FOR
1.10 Elect Harold B. Smith MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Ingersoll-Rand Co Ltd IR G4776G101 6/2/04 Annual
1.01 Elect Peter C. Godsoe MGMT YES WHOLD AGNST
1.02 Elect Constance J. Horner MGMT YES WHOLD AGNST
1.03 Elect Orin R. Smith MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Approve Non-Technical Bylaw Amendments MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
5.00 Repeal Classified Board SHLDR YES FOR AGNST
6.00 Reincorporation SHLDR YES FOR AGNST
7.00 Independent Board Chairman SHLDR YES FOR AGNST

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 AGNST AGNST

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 WHOLD AGNST
1.03 Elect James G. Cullen MGMT YES WHOLD AGNST
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 WHOLD AGNST
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 WHOLD AGNST
1.13 Elect William C. Weldon MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Limit or End Charitable Giving SHLDR YES AGNST FOR

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

Kinder Morgan Inc KMI 49455P101 5/11/04 Annual
1.01 Elect Charles W. Battey MGMT YES WHOLD AGNST
1.02 Elect H. A. True III MGMT YES WHOLD AGNST
1.03 Elect Fayez S. Sarofim 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 Sustainability SHLDR YES FOR AGNST
5.00 Expense Stock Options SHLDR YES FOR AGNST

Kohl's KSS 500255104 4/28/04 Annual
1.01 Elect Wayne R. Embry MGMT YES WHOLD AGNST
1.02 Elect John F. Herma MGMT YES WHOLD AGNST
1.03 Elect R. Lawrence Montgomery MGMT YES WHOLD AGNST
1.04 Elect Frank V. Sica MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST
4.00 Independent Board Chairman SHLDR YES FOR AGNST

Lennar LEN 526057104 3/30/04 Annual
1.01 Elect Irving Bolotin MGMT YES WHOLD AGNST
1.02 Elect R. Kirk Landon MGMT YES WHOLD AGNST
1.03 Elect Donna E. Shalala MGMT YES WHOLD AGNST
2.00 Approve Other Business MGMT YES FOR FOR

Linear Technology LLTC 535678106 11/5/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

M & T Bank MTB 55261F104 4/20/04 Annual
1.01 Elect William F. Allyn MGMT YES WHOLD AGNST
1.02 Elect Brent D. Baird MGMT YES WHOLD AGNST
1.03 Elect Robert J. Bennett MGMT YES FOR FOR
1.04 Elect C. Angela Bontempo MGMT YES WHOLD AGNST
1.05 Elect Robert T. Brady MGMT YES WHOLD AGNST
1.06 Elect Emerson L. Brumback MGMT YES FOR FOR
1.07 Elect Michael D. Buckley MGMT YES WHOLD AGNST
1.08 Elect Patrick J. Callan MGMT YES FOR FOR
1.09 Elect R. Carlos Carballada MGMT YES FOR FOR
1.10 Elect T. Jefferson Cunningham III MGMT YES FOR FOR
1.11 Elect Donald Devorris MGMT YES FOR FOR
1.12 Elect Richard E. Garman MGMT YES WHOLD AGNST
1.13 Elect James V. Glynn MGMT YES WHOLD AGNST
1.14 Elect Derek C. Hathaway MGMT YES WHOLD AGNST
1.15 Elect Daniel R. Hawbaker MGMT YES FOR FOR
1.16 Elect Patrick W.E. Hodgson MGMT YES WHOLD AGNST
1.17 Elect Gary Kennedy MGMT YES FOR FOR
1.18 Elect Richard G. King MGMT YES FOR FOR
1.19 Elect Reginald B. Newman II MGMT YES FOR FOR
1.20 Elect Jorge G. Pereira MGMT YES FOR FOR
1.21 Elect Michael P. Pinto MGMT YES FOR FOR
1.22 Elect Robert E. Sadler Jr. MGMT YES FOR FOR
1.23 Elect Eugene J. Sheehy MGMT YES FOR FOR
1.24 Elect Stephen G. Sheetz MGMT YES FOR FOR
1.25 Elect Herbert L. Washington MGMT YES FOR FOR
1.26 Elect Robert G. Wilmers MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Marriott International MAR 571903202 4/30/04 Annual
1.01 Elect Lawrence W. Kellner MGMT YES WHOLD AGNST
1.02 Elect John W. Marriott III MGMT YES WHOLD AGNST
1.03 Elect Harry J. Pearce MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Cumulative Voting SHLDR YES FOR 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

Marshall & Ilsley MI 571834100 4/27/04 Annual
1.01 Elect Jon F. Chait MGMT YES WHOLD AGNST
1.02 Elect Bruce E. Jacobs MGMT YES WHOLD AGNST
1.03 Elect Dennis J. Kuester MGMT YES WHOLD AGNST
1.04 Elect Edward L. Meyer Jr. MGMT YES WHOLD AGNST
1.05 Elect San W. Orr Jr. MGMT YES WHOLD AGNST
1.06 Elect Debra S. Waller MGMT YES WHOLD AGNST
1.07 Elect George E. Wardeberg MGMT YES WHOLD AGNST

Masco Corp MAS 574599106 5/11/04 Annual
1.01 Elect Peter A. Dow MGMT YES WHOLD AGNST
1.02 Elect Anthony F. Earley Jr. MGMT YES WHOLD AGNST
1.03 Elect Wayne B. Lyon MGMT YES WHOLD AGNST
1.04 Elect David L. Johnston MGMT YES WHOLD AGNST
1.05 Elect J. Michael Losh MGMT YES WHOLD AGNST
2.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

MBIA MBI 55262C100 5/6/04 Annual
1.01 Elect Joseph W. Brown MGMT YES WHOLD AGNST
1.02 Elect C. Edward Chaplin MGMT YES WHOLD AGNST
1.03 Elect David C. Clapp MGMT YES WHOLD AGNST
1.04 Elect Gary C. Dunton MGMT YES WHOLD AGNST
1.05 Elect Claire L. Gaudiani MGMT YES WHOLD AGNST
1.06 Elect Freda S. Johnson MGMT YES WHOLD AGNST
1.07 Elect Daniel P. Kearney MGMT YES WHOLD AGNST
1.08 Elect James A. Lebenthal MGMT YES WHOLD AGNST
1.09 Elect Debra J. Perry MGMT YES WHOLD AGNST
1.10 Elect John A. Rolls MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

McGraw-Hill MHP 580645109 4/28/04 Annual
1.01 Elect Pedro Aspe MGMT YES WHOLD AGNST
1.02 Elect Robert P. McGraw MGMT YES WHOLD AGNST
1.03 Elect Hilda Ochoa-Brillembourg MGMT YES WHOLD AGNST
1.04 Elect Edward B. Rust Jr. MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST

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

Metlife MET 59156R108 4/27/04 Annual
1.01 Elect Curtis H. Barnette MGMT YES WHOLD AGNST
1.02 Elect John C. Danforth MGMT YES WHOLD AGNST
1.03 Elect Burton A. Dole Jr. MGMT YES WHOLD AGNST
1.04 Elect Harry P. Kamen MGMT YES WHOLD AGNST
1.05 Elect Charles M. Leighton 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 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES FOR FOR
6.00 Cap Executive Pay SHLDR YES FOR AGNST

Moody's MCO 615369105 4/27/04 Annual
1.01 Elect Basil L. Anderson MGMT YES WHOLD AGNST
1.02 Elect Raymond W. McDaniel Jr. MGMT YES WHOLD AGNST
1.03 Elect John Rutherfurd Jr. MGMT YES WHOLD AGNST
1.04 Elect John K. Wulff 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 Ratify Selection of Auditors MGMT YES FOR FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

National City NCC 635405103 4/27/04 Annual
1.01 Elect Jon E. Barfield MGMT YES FOR FOR
1.02 Elect James S. Broadhurst MGMT YES FOR FOR
1.03 Elect John W. Brown MGMT YES FOR FOR
1.04 Elect Christopher M. Connor MGMT YES FOR FOR
1.05 Elect David A. Daberko MGMT YES FOR FOR
1.06 Elect Joseph T. Gorman MGMT YES FOR FOR
1.07 Elect Bernadine P. Healy MGMT YES WHOLD AGNST
1.08 Elect Paul A. Ormond MGMT YES FOR FOR
1.09 Elect Robert A. Paul MGMT YES FOR FOR
1.10 Elect Gerald L. Shaheen MGMT YES FOR FOR
1.11 Elect Jerry Sue Thornton MGMT YES WHOLD AGNST
1.12 Elect Morry Weiss MGMT YES FOR FOR
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES FOR FOR

National Instruments Corp NATI 636518102 5/11/04 Annual
1.01 Elect James J. Truchard MGMT YES WHOLD AGNST
1.02 Elect Charles J. Roesslein MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

New York Times NYT 650111107 4/13/04 Annual
1.01 Elect Raul E. Cesan MGMT YES FOR FOR
1.02 Elect William E. Kennard MGMT YES FOR FOR
1.03 Elect Thomas Middelhoff MGMT YES FOR FOR
1.04 Elect Henry B. Schacht MGMT YES FOR FOR
1.05 Elect Donald M. Stewart MGMT YES FOR FOR
2.00 Adopt Director Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Newell Rubbermaid Inc NWL 651229106 5/12/04 Annual
1.01 Elect Scott S. Cowen MGMT YES WHOLD AGNST
1.02 Elect Cynthia A. Montgomery MGMT YES WHOLD AGNST
1.03 Elect Allan P. Newell MGMT YES WHOLD AGNST
1.04 Elect Gordon R. Sullivan MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

NiSource Inc NI 65473P105 5/11/04 Annual
1.01 Elect Steven C. Beering MGMT YES WHOLD AGNST
1.02 Elect Dennis E. Foster MGMT YES WHOLD AGNST
1.03 Elect Richard L. Thompson MGMT YES WHOLD AGNST
1.04 Elect Carolyn Y. Woo MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Noble NE G65422100 4/22/04 Annual
1.01 Elect Michael A. Cawley MGMT YES WHOLD AGNST
1.02 Elect Luke R. Corbett MGMT YES WHOLD AGNST
1.03 Elect Jack E. Little MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Northern Trust NTRS 665859104 4/20/04 Annual
1.01 Elect Duane L. Burnham MGMT YES FOR FOR
1.02 Elect Dolores E. Cross MGMT YES FOR FOR
1.03 Elect Susan Crown MGMT YES FOR FOR
1.04 Elect Robert S. Hamada MGMT YES FOR FOR
1.05 Elect Robert A. Helman MGMT YES WHOLD AGNST
1.06 Elect Dipak C. Jain MGMT YES WHOLD AGNST
1.07 Elect Arthur L. Kelly MGMT YES FOR FOR
1.08 Elect Robert C. McCormack MGMT YES WHOLD AGNST
1.09 Elect Edward J. Mooney MGMT YES FOR FOR
1.10 Elect William A. Osborn MGMT YES WHOLD AGNST
1.11 Elect John W. Rowe MGMT YES WHOLD AGNST
1.12 Elect Harold B. Smith MGMT YES FOR FOR
1.13 Elect William D. Smithburg MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

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 WHOLD AGNST
1.07 Elect Ann D. Rhoads MGMT YES WHOLD AGNST
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 AGNST AGNST
3.00 Limit Consulting By Auditors SHLDR YES FOR AGNST
4.00 Implement Executive Compensation Plan SHLDR YES FOR AGNST

Nucor Corp NUE 670346105 5/13/04 Annual
1.01 Elect Daniel R. DiMicco MGMT YES WHOLD AGNST
1.02 Elect James D. Hlavacek MGMT YES WHOLD AGNST
1.03 Elect Raymond J. Milchovich MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Omnicom Group OMC 681919106 5/25/04 Annual
1.01 Elect John D. Wren MGMT YES FOR FOR
1.02 Elect Bruce Crawford MGMT YES FOR FOR
1.03 Elect Robert Charles Clark MGMT YES FOR FOR
1.04 Elect Leonard S. Coleman Jr. MGMT YES WHOLD AGNST
1.05 Elect Errol M. Cook MGMT YES FOR FOR
1.06 Elect Susan S. Denison MGMT YES FOR FOR
1.07 Elect Michael A. Henning MGMT YES FOR FOR
1.08 Elect John R. Murphy MGMT YES WHOLD AGNST
1.09 Elect John R. Purcell MGMT YES FOR FOR
1.10 Elect Linda Johnson Rice MGMT YES WHOLD AGNST
1.11 Elect Gary L. Roubos 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

Paccar PCAR 693718108 4/27/04 Annual
1.01 Elect David K. Newbigging MGMT YES WHOLD AGNST
1.02 Elect Harry C. Stonecipher MGMT YES WHOLD AGNST
1.03 Elect Harold A. Wagner MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES FOR FOR
3.00 Amend Director Stock Award Plan MGMT YES FOR FOR
Add Shares to Director Stock Award Plan
4.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

PEPCO Holdings Inc POM 713291102 5/21/04 Annual
1.01 Elect Jack B. Dunn, IV MGMT YES WHOLD AGNST
1.02 Elect Richard B. McGlynn MGMT YES WHOLD AGNST
1.03 Elect Peter F. O'Malley MGMT YES WHOLD AGNST
1.04 Elect Frank K. Ross MGMT YES WHOLD AGNST
1.05 Elect William T. Torgerson MGMT YES WHOLD AGNST
2.00 Repeal Classified Board SHLDR YES FOR AGNST

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 FOR AGNST

Pogo Producing PPP 730448107 4/27/04 Annual
1.01 Elect Jerry M. Armstrong MGMT YES WHOLD AGNST
1.02 Elect Paul G. Van Wagenen MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Principal Financial Group Inc PFG 74251V102 5/18/04 Annual
1.01 Elect David J. Drury MGMT YES WHOLD AGNST
1.02 Elect C. Daniel Gelatt MGMT YES WHOLD AGNST
1.03 Elect Sandra L. Helton MGMT YES WHOLD AGNST
1.04 Elect Federico F. Pena MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR

Progressive PGR 743315103 4/16/04 Annual
1.01 Elect Peter B. Lewis MGMT YES WHOLD AGNST
1.02 Elect Glenn M. Renwick MGMT YES WHOLD AGNST
1.03 Elect Donald B. Shackelford MGMT YES WHOLD AGNST
2.00 Approve Non-Technical Charter Amendments MGMT YES FOR FOR
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Puget Energy PSD 745310102 5/4/04 Annual
1.01 Elect Phyllis J. Campbell MGMT YES WHOLD AGNST
1.02 Elect Stephen E. Frank MGMT YES WHOLD AGNST
1.03 Elect Kenneth P. Mortimer MGMT YES WHOLD AGNST
1.04 Elect Stephen P. Reynolds MGMT YES WHOLD AGNST

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

Sanmina-SCI SANM 800907107 1/26/04 Annual
1.01 Elect John C. Bolger MGMT YES WHOLD AGNST
1.02 Elect Neil R. Bonke MGMT YES FOR FOR
1.03 Elect Randy W. Furr MGMT YES FOR FOR
1.04 Elect Mario M. Rosati MGMT YES WHOLD AGNST
1.05 Elect A. Eugene Sapp Jr. MGMT YES FOR FOR
1.06 Elect Wayne Shortridge MGMT YES FOR FOR
1.07 Elect Peter J. Simone MGMT YES FOR FOR
1.08 Elect Jure Sola MGMT YES FOR FOR
1.09 Elect Bernard V. Vonderschmitt MGMT YES FOR FOR
1.10 Elect Jackie M. Ward MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Schwab (Charles) Corp SCH 808513105 5/17/04 Annual
1.01 Elect Donald G. Fisher MGMT YES WHOLD AGNST
1.02 Elect Paula A. Sneed MGMT YES WHOLD AGNST
1.03 Elect David B. Yoffie MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Sealed Air SEE 81211K100 5/5/04 Annual
1.01 Elect Hank Brown MGMT YES WHOLD AGNST
1.02 Elect Michael Chu MGMT YES WHOLD AGNST
1.03 Elect Lawrence R. Codey MGMT YES WHOLD AGNST
1.04 Elect T.J. Dermot Dunphy MGMT YES WHOLD AGNST
1.05 Elect Charles F. Farrell, Jr. MGMT YES WHOLD AGNST
1.06 Elect William V. Hickey MGMT YES WHOLD AGNST
1.07 Elect Kenneth P. Manning MGMT YES WHOLD AGNST
1.08 Elect William J. Marino MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Simon Property Group SPG 828806109 5/5/04 Annual
1.01 Elect Birch E. Bayh Jr. MGMT YES FOR FOR
1.02 Elect Melvyn E. Bergstein MGMT YES FOR FOR
1.03 Elect Linda Walker Bynoe MGMT YES FOR FOR
1.04 Elect Karen N. Horn MGMT YES FOR FOR
1.05 Elect G. William Miller MGMT YES FOR FOR
1.06 Elect J. Albert Smith Jr. MGMT YES FOR FOR
1.07 Elect Pieter S. van den Berg MGMT YES FOR FOR
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Independent Board Chairman SHLDR YES FOR AGNST

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 WHOLD AGNST
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

Smurfit-Stone Container Corp SSCC 832727101 5/12/04 Annual
1.01 Elect James R. Boris MGMT YES WHOLD AGNST
1.02 Elect Alan E. Goldberg MGMT YES WHOLD AGNST
1.03 Elect William T. Lynch Jr. MGMT YES WHOLD AGNST
1.04 Elect Patrick J. Moore MGMT YES WHOLD AGNST
1.05 Elect James J. O'Connor MGMT YES WHOLD AGNST
1.06 Elect Jerry K. Pearlman MGMT YES WHOLD AGNST
1.07 Elect Thomas A. Reynolds III MGMT YES WHOLD AGNST
1.08 Elect William D. Smithburg MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Adopt Deferred Compensation Plan MGMT YES FOR FOR
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

SouthTrust SOTR 844730101 4/21/04 Annual
1.01 Elect Carl F. Bailey MGMT YES WHOLD AGNST
1.02 Elect John M. Bradford MGMT YES WHOLD AGNST
1.03 Elect William C. Hulsey MGMT YES WHOLD AGNST
1.04 Elect Wallace D. Malone Jr. MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
4.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

SPX SPW 784635104 4/28/04 Annual
1.01 Elect Sarah R. Coffin MGMT YES WHOLD AGNST
1.02 Elect Charles E. Johnson II MGMT YES WHOLD AGNST
1.03 Elect David P. Williams MGMT YES WHOLD AGNST

St. Joe Co JOE 790148100 5/18/04 Annual
1.01 Elect Michael L. Ainslie MGMT YES WHOLD AGNST
1.02 Elect Hugh M. Durden MGMT YES WHOLD AGNST
1.03 Elect Adam W. Herbert Jr. MGMT YES WHOLD AGNST
1.04 Elect Delores P. Kesler MGMT YES WHOLD AGNST
1.05 Elect John S. Lord MGMT YES WHOLD AGNST
1.06 Elect Walter L. Revell MGMT YES WHOLD AGNST
1.07 Elect Peter S. Rummell MGMT YES WHOLD AGNST
1.08 Elect Winfred L. Thornton MGMT YES WHOLD AGNST
1.09 Elect William H. Walton III MGMT YES WHOLD AGNST
2.00 Eliminate Preemptive Rights MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

State Street STT 857477103 4/21/04 Annual
1.01 Elect Kennett F. Burnes MGMT YES WHOLD AGNST
1.02 Elect David P. Gruber MGMT YES WHOLD AGNST
1.03 Elect Linda A. Hill MGMT YES WHOLD AGNST
1.04 Elect Charles R. Lamantia MGMT YES WHOLD AGNST
1.05 Elect Robert E. Weissman MGMT YES WHOLD AGNST
2.00 Opt Out of State Takeover Statute SHLDR YES FOR AGNST

Stryker SYK 863667101 4/20/04 Annual
1.01 Elect John W. Brown MGMT YES WHOLD AGNST
1.02 Elect Howard E. Cox Jr. MGMT YES WHOLD AGNST
1.03 Elect Donald M. Engelman MGMT YES WHOLD AGNST
1.04 Elect Jerome H. Grossman MGMT YES WHOLD AGNST
1.05 Elect John S. Lillard MGMT YES WHOLD AGNST
1.06 Elect Ronda E. Stryker MGMT YES WHOLD AGNST
1.07 Elect William U. Parfet MGMT YES WHOLD AGNST
2.00 Increase in authorized shares of common stock MGMT YES AGNST
AGNST

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

SuperValu Inc SVU 868536103 5/26/04 Annual
1.01 Elect Charles M. Lillis MGMT YES WHOLD AGNST
1.02 Elect Jeffrey Noddle MGMT YES WHOLD AGNST
1.03 Elect Steven S. Rogers MGMT YES WHOLD AGNST
1.04 Elect Ronald E. Daly MGMT YES WHOLD AGNST
1.05 Elect Marissa Peterson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Require Majority Vote to Elect Directors SHLDR YES FOR AGNST

Synovus Financial SNV 87161C105 4/22/04 Annual
1.01 Elect James H. Blanchard MGMT YES WHOLD AGNST
1.02 Elect C. Edward Floyd MGMT YES WHOLD AGNST
1.03 Elect Gardiner W. Garrard Jr. MGMT YES WHOLD AGNST
1.04 Elect V. Nathaniel Hansford MGMT YES WHOLD AGNST
1.05 Elect Alfred W. Jones III MGMT YES WHOLD AGNST
1.06 Elect H. Lynn Page MGMT YES WHOLD AGNST
1.07 Elect James D. Yancey MGMT YES WHOLD AGNST
1.08 Elect Frank W. Brumley MGMT YES WHOLD AGNST
1.09 Elect Elizabeth W. Camp MGMT YES WHOLD AGNST
1.10 Elect T. Michael Goodrich MGMT YES WHOLD AGNST
1.11 Elect J. Neal Purcell MGMT YES WHOLD AGNST
1.12 Elect William B. Turner MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Sysco SYY 871829107 11/7/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Review or Curb Bioengineering 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 WHOLD AGNST
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 WHOLD AGNST
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 FOR AGNST
4.00 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST

Transocean Inc RIG G90078109 5/13/04 Annual
1.01 Elect Robert L. Long MGMT YES WHOLD AGNST
1.02 Elect Martin B. McNamara MGMT YES WHOLD AGNST
1.03 Elect Robert M. Sprague MGMT YES WHOLD AGNST
1.04 Elect J. Michael Talbert 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 AGNST AGNST

Tribune Co TRB 896047107 5/12/04 Annual
1.01 Elect Jeffrey Chandler MGMT YES WHOLD AGNST
1.02 Elect William A. Osborn MGMT YES WHOLD AGNST
1.03 Elect Kathryn C. Turner MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Amend Stock Option Plan MGMT YES AGNST AGNST

Univision Communications Inc UVN 914906102 5/12/04 Annual
1.01 Elect A. Jerrold Perenchio MGMT YES WHOLD AGNST
1.02 Elect Fernando Aguirre MGMT YES WHOLD AGNST
1.03 Elect Harold Gaba MGMT YES WHOLD AGNST
1.04 Elect Alan F. Horn MGMT YES WHOLD AGNST
1.05 Elect John G. Perenchio MGMT YES WHOLD AGNST
1.06 Elect Ray Rodriguez MGMT YES WHOLD AGNST
1.07 Elect McHenry T. Tichenor Jr. MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

UTStarcom UTSI 918076100 5/14/04 Annual
1.01 Elect Thomas J. Toy MGMT YES WHOLD AGNST
1.02 Elect Ying Wu MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Valero Energy VLO 91913Y100 4/29/04 Annual
1.01 Elect E. Glenn Biggs MGMT YES WHOLD AGNST
1.02 Elect Ruben M. Escobedo MGMT YES WHOLD AGNST
1.03 Elect Bob Marbut 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 FOR AGNST

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

Viacom Inc VIA 925524308 5/19/04 Annual
1.01 Elect George S. Abrams MGMT NO TAKE NO ACTION
1.02 Elect David R. Andelman MGMT NO TAKE NO ACTION
1.03 Elect Joseph A. Califano Jr. MGMT NO TAKE NO ACTION
1.04 Elect William S. Cohen MGMT NO TAKE NO ACTION
1.05 Elect Philippe P. Dauman MGMT NO TAKE NO ACTION
1.06 Elect Alan C. Greenberg MGMT NO TAKE NO ACTION
1.07 Elect Mel Karmazin MGMT NO TAKE NO ACTION
1.08 Elect Jan Leschly MGMT NO TAKE NO ACTION
1.09 Elect David T. McLaughlin MGMT NO TAKE NO ACTION
1.10 Elect Shari Redstone MGMT NO TAKE NO ACTION
1.11 Elect Sumner M. Redstone MGMT NO TAKE NO ACTION
1.12 Elect Frederic V. Salerno MGMT NO TAKE NO ACTION
1.13 Elect William Schwartz MGMT NO TAKE NO ACTION
1.14 Elect Patricia Q. Stonesifer MGMT NO TAKE NO ACTION
1.15 Elect Robert D. Walter MGMT NO TAKE NO ACTION
2.00 Ratify Selection of Auditors MGMT NO TAKE NO ACTION
3.00 Adopt Stock Option Plan MGMT NO TAKE NO ACTION
4.00 Amend Director Stock Option Plan MGMT NO TAKE NO ACTION

WellPoint Health Networks WLP 94973H108 6/28/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR

Whirlpool WHR 963320106 4/20/04 Annual
1.01 Elect Allan D. Gilmour MGMT YES WHOLD AGNST
1.02 Elect Michael F. Johnston MGMT YES WHOLD AGNST
1.03 Elect Janice D. Stoney MGMT YES WHOLD AGNST
1.04 Elect David R. Whitwam MGMT YES WHOLD AGNST
2.00 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR

Williams Cos Inc WMB 969457100 5/20/04 Annual
1.01 Elect Charles M. Lillis MGMT YES WHOLD AGNST
1.02 Elect Wiliam G. Lowrie MGMT YES WHOLD AGNST
1.03 Elect Joseph H. Williams MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Restrict Executive Compensation SHLDR YES FOR AGNST

XTO Energy Inc XTO 98385X106 5/18/04 Annual
1.01 Elect Scott G. Sherman MGMT YES WHOLD AGNST
1.02 Elect Bob R. Simpson MGMT YES WHOLD AGNST
1.03 Elect Phillip R. Kevil MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

Zimmer Holdings ZMH 98956P102 5/10/04 Annual
1.01 Elect Larry C. Glasscock MGMT YES WHOLD AGNST
1.02 Elect John L. McGoldrick MGMT YES WHOLD AGNST
2.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
3.00 Shareholder Approval of Auditors SHLDR YES FOR AGNST

Citizens Small Cap Value Fund

Item 1. Proxy Voting Record
Account Number: 010034178349

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
American Financial Realty AFR 02607P305 6/9/04 Annual
1.01 Elect Glenn Blumenthal MGMT YES WHOLD AGNST
1.02 Elect John M. Eggemeyer III MGMT YES WHOLD AGNST
1.03 Elect Raymond Garea MGMT YES WHOLD AGNST
1.04 Elect Michael J. Hagan MGMT YES WHOLD AGNST
1.05 Elect John P. Hollihan, III MGMT YES WHOLD AGNST
1.06 Elect William M. Kahane MGMT YES WHOLD AGNST
1.07 Elect Richard A. Kraemer MGMT YES WHOLD AGNST
1.08 Elect Lewis S. Ranieri MGMT YES WHOLD AGNST
1.09 Elect Nicholas S. Schorsch MGMT YES WHOLD AGNST

Edgewater Technology Inc EDGW 280358102 6/2/04 Annual
1.01 Elect Shirley E. Singleton MGMT YES WHOLD AGNST
1.02 Elect William J. Lynch MGMT YES WHOLD AGNST
1.03 Elect Clete T. Brewer MGMT YES WHOLD AGNST
1.04 Elect Paul Guzzi MGMT YES WHOLD AGNST
1.05 Elect Michael R. Loeb MGMT YES WHOLD AGNST
1.06 Elect Bob L. Martin MGMT YES WHOLD AGNST
1.07 Elect Wayne Wilson MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

FreeMarkets FMKT 356602102 6/28/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR

Input/Output Inc IO 457652105 6/22/04 Annual
1.01 Elect Franklin Myers MGMT YES WHOLD AGNST
1.02 Elect Bruce S. Appelbaum MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

MDSI Mobile Data Solutions MDSI 55268N100 6/14/04 Annual
1.00 Elect Erik Dysthe MGMT YES AGNST AGNST
2.00 Elect Robert C. Harris, Jr. MGMT YES FOR FOR
3.00 Elect Marc Rochefort MGMT YES FOR FOR
4.00 Elect Peter Ciceri MGMT YES FOR FOR
5.00 Elect David R. Van Valkenburg MGMT YES FOR FOR
6.00 Appoint Outside Auditors MGMT YES FOR FOR
7.00 Set Auditors' Fees MGMT YES FOR FOR
8.00 Adopt Poison-Pill-Style Defense MGMT YES AGNST AGNST

On Assignment Inc ASGN 682159108 6/15/04 Annual
1.01 Elect William E. Brock MGMT YES WHOLD AGNST
1.02 Elect Elliot Ettenberg MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Onyx Software ONXS 683402200 6/3/04 Annual
1.01 Elect Teresa A. Dial MGMT YES WHOLD AGNST
1.02 Elect William B. Elmore MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Per-Se Technologies Inc PSTIE 713569309 6/7/04 Annual
1.01 Elect Steven A. George MGMT YES WHOLD AGNST
1.02 Elect David R. Holbrooke MGMT YES WHOLD AGNST
1.03 Elect Craig Macnab MGMT YES WHOLD AGNST
1.04 Elect David E. McDowell MGMT YES WHOLD AGNST
1.05 Elect Philip M. Pead MGMT YES WHOLD AGNST
1.06 Elect John C. Pope MGMT YES WHOLD AGNST
1.07 Elect C. Christopher Trower MGMT YES WHOLD AGNST
1.08 Elect Jeffrey W. Ubben MGMT YES WHOLD AGNST

Citizens Value Fund

Item 1. Proxy Voting Record
Account Number: 010033840345

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
Ace Ltd ACE G0070K103 5/27/04 Annual
1.01 Elect Brian Duperreault MGMT YES WHOLD AGNST
1.02 Elect Robert M. Hernandez MGMT YES WHOLD AGNST
1.03 Elect Peter Menikoff MGMT YES WHOLD AGNST
1.04 Elect Robert Ripp MGMT YES WHOLD AGNST
1.05 Elect Dermot F. Smurfit MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES FOR FOR

Affiliated Computer Services -Cl A ACS 008190100 10/30/03 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 AGNST AGNST

Amdocs DOX G02602103 1/22/04 Annual
1.00 Election of Directors by Slate MGMT YES AGNST AGNST
2.00 Approve Financial Statements MGMT YES AGNST AGNST
3.00 Amend Stock Option Plan MGMT YES FOR FOR
4.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST

AmerisourceBergen ABC 03073E105 3/5/04 Annual
1.01 Elect Edward E. Hagenlocker MGMT YES WHOLD AGNST
1.02 Elect Kurt J Hilzinger 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

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

Apogent Technologies Inc AOT 03760A101 6/28/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
2.00 Adjourn Meeting MGMT YES FOR FOR

AT&T Corp T 001957505 5/19/04 Annual
1.01 Elect William F. Aldinger III MGMT YES WHOLD AGNST
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 WHOLD AGNST
1.05 Elect Herbert L. Henkel MGMT YES WHOLD AGNST
1.06 Elect Frank C. Herringer MGMT YES WHOLD AGNST
1.07 Elect Shirley A. Jackson MGMT YES WHOLD AGNST
1.08 Elect Jon C. Madonna MGMT YES WHOLD AGNST
1.09 Elect Donald F. McHenry MGMT YES WHOLD AGNST
1.10 Elect Tony L. White 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 Director Tenure/Retirement Age SHLDR YES AGNST FOR
5.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST
6.00 Independent Board Chairman SHLDR YES FOR AGNST
7.00 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST

Automatic Data Processing ADP 053015103 11/11/03 Annual
1.00 Elect Directors 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 Adopt Director Stock Award Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

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

Bard (C.R.) BCR 067383109 4/21/04 Annual
1.01 Elect Anthony Welters MGMT YES WHOLD AGNST
1.02 Elect Tony L. White MGMT YES WHOLD AGNST
1.03 Elect Theodore E. Martin MGMT YES WHOLD AGNST
1.04 Elect Timothy M. Ring MGMT YES WHOLD AGNST
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Amend Annual Bonus Plan MGMT YES FOR FOR
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Bausch & Lomb BOL 071707103 4/27/04 Annual
1.01 Elect Alan M. Bennett MGMT YES WHOLD AGNST
1.02 Elect Domenico De Sole MGMT YES WHOLD AGNST
1.03 Elect Kenneth L. Wolfe MGMT YES WHOLD AGNST
1.04 Elect Ronald L. Zarrella MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Bear Stearns BSC 073902108 3/31/04 Annual
1.01 Elect James E. Cayne MGMT YES WHOLD AGNST
1.02 Elect Carl D. Glickman MGMT YES WHOLD AGNST
1.03 Elect Alan C. Greenberg MGMT YES WHOLD AGNST
1.04 Elect Donald J. Harrington MGMT YES WHOLD AGNST
1.05 Elect William L. Mack MGMT YES WHOLD AGNST
1.06 Elect Fred T. Nickell MGMT YES WHOLD AGNST
1.07 Elect Paul A. Novelly MGMT YES WHOLD AGNST
1.08 Elect Frederic V. Salerno MGMT YES WHOLD AGNST
1.09 Elect Alan D. Schwartz MGMT YES WHOLD AGNST
1.10 Elect Warren J. Spector MGMT YES WHOLD AGNST
1.11 Elect Vincent Tese MGMT YES WHOLD AGNST
2.00 Adopt Stock Award Plan MGMT YES AGNST AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Adopt Stock Award Plan MGMT YES AGNST AGNST
5.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Beckman Coulter BEC 075811109 4/1/04 Annual
1.01 Elect Ronald W. Dollens MGMT YES WHOLD AGNST
1.02 Elect Charles A. Haggerty MGMT YES WHOLD AGNST
1.03 Elect William N. Kelley MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

BellSouth BLS 079860102 4/26/04 Annual
1.01 Elect James H. Blanchard MGMT YES WHOLD AGNST
1.02 Elect Armando M. Codina MGMT YES FOR FOR
1.03 Elect Leo F. Mullin 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 Adopt Stock Option Plan MGMT YES AGNST AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST
6.00 Cap Executive Pay SHLDR YES AGNST FOR
7.00 Review Political Spending SHLDR YES FOR AGNST

Biogen BGEN 090597105 11/12/03 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR
2.00 Adjourn Meeting 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 AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST

Chesapeake Energy CHK 165167107 6/4/04 Annual
1.01 Elect Frank A. Keating MGMT YES WHOLD AGNST
1.02 Elect Tom L. Ward MGMT YES WHOLD AGNST
1.03 Elect Frederick B. Whittemore MGMT YES WHOLD AGNST
2.00 Increase Authorized Common Stock MGMT YES AGNST AGNST
3.00 Increase Authorized Preferred Stock MGMT YES FOR FOR

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

Darden Restaurants DRI 237194105 9/25/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Dentsply International Inc XRAY 249030107 5/10/04 Annual
1.01 Elect Paula H. Cholmondeley MGMT YES WHOLD AGNST
1.02 Elect Michael J. Coleman MGMT YES WHOLD AGNST
1.03 Elect John C. Miles II MGMT YES WHOLD AGNST
1.04 Elect W. Keith Smith MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Energizer Holdings ENR 29266R108 1/26/04 Annual
1.01 Elect John R. Roberts MGMT YES WHOLD AGNST
1.02 Elect John E. Klein MGMT YES WHOLD AGNST
1.03 Elect R. David Hoover MGMT YES WHOLD AGNST
1.04 Elect W. Patrick McGinnis MGMT YES WHOLD AGNST

Engelhard EC 292845104 5/6/04 Annual
1.01 Elect David L. Burner MGMT YES WHOLD AGNST
1.02 Elect James V. Napier MGMT YES WHOLD AGNST

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 FOR AGNST

Fidelity National Financial FNF 316326107 9/29/03 Annual
1.00 Increase Authorized Common Stock MGMT YES FOR FOR
2.00 Elect Directors MGMT YES WHOLD AGNST

First Tennessee National FTN 337162101 4/20/04 Annual
1.01 Elect Robert C. Blattberg MGMT YES WHOLD AGNST
1.02 Elect J. Kenneth Glass MGMT YES WHOLD AGNST
1.03 Elect Michael D. Rose MGMT YES WHOLD AGNST
1.04 Elect Luke Yancy III MGMT YES WHOLD AGNST
2.00 Approve Name Change MGMT YES FOR FOR
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
4.00 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 AGNST AGNST

Gannett GCI 364730101 5/4/04 Annual
1.01 Elect James A. Johnson MGMT YES WHOLD AGNST
1.02 Elect Douglas H. McCorkindale MGMT YES WHOLD AGNST
1.03 Elect Stephen P. Munn 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
Amend Stock Option Plan
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST

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

Hewlett-Packard HPQ 428236103 3/17/04 Annual
1.01 Elect Lawrence T. Babbio Jr. MGMT YES WHOLD AGNST
1.02 Elect Patricia C. Dunn MGMT YES WHOLD AGNST
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 WHOLD AGNST
1.06 Elect Robert E. Knowling Jr. MGMT YES WHOLD AGNST
1.07 Elect Sanford M. Litvack MGMT YES WHOLD AGNST
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 AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Expense Stock Options SHLDR YES FOR AGNST

International Rectifier IRF 460254105 11/24/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

International Rectifier IRF 460254105 1/26/04 Special
1.00 Increase Authorized Common Stock MGMT YES AGNST AGNST

KeyCorp KEY 493267108 5/13/04 Annual
1.01 Elect Alexander M. Cutler MGMT YES WHOLD AGNST
1.02 Elect Douglas J. McGregor MGMT YES WHOLD AGNST
1.03 Elect Eduardo R. Menasce MGMT YES WHOLD AGNST
1.04 Elect Henry L. Meyer III MGMT YES WHOLD AGNST
1.05 Elect Peter G. Ten Eyck II 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 Ratify Selection of Auditors MGMT YES AGNST AGNST

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 AGNST AGNST
Amend Stock Option Plan
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Redeem or Vote on Poison Pill SHLDR YES FOR AGNST

Kroger Co KR 501044101 6/24/04 Annual
1.01 Elect John L. Clendenin MGMT YES WHOLD AGNST
1.02 Elect David B. Dillon MGMT YES WHOLD AGNST
1.03 Elect David B. Lewis MGMT YES WHOLD AGNST
1.04 Elect Don W. McGeorge MGMT YES WHOLD AGNST
1.05 Elect W. Rodney McMullen MGMT YES WHOLD AGNST
1.06 Elect Susan M. Phillips MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Repeal Classified Board SHLDR YES FOR AGNST
4.00 Independent Board Chairman SHLDR YES FOR AGNST
5.00 Golden Parachutes SHLDR YES AGNST FOR

Lafarge North America LAF 505862102 5/4/04 Annual
1.01 Elect Marshall A. Cohen MGMT YES WHOLD AGNST
1.02 Elect Bertrand P. Collomb MGMT YES WHOLD AGNST
1.03 Elect Philippe P. Dauman MGMT YES WHOLD AGNST
1.04 Elect Bernard L. Kasriel MGMT YES WHOLD AGNST
1.05 Elect Bruno Lafont MGMT YES WHOLD AGNST
1.06 Elect Claudine B. Malone MGMT YES WHOLD AGNST
1.07 Elect Blythe J. McGarvie MGMT YES WHOLD AGNST
1.08 Elect J.M. Micali MGMT YES WHOLD AGNST
1.09 Elect Gwyn Morgan MGMT YES WHOLD AGNST
1.10 Elect Robert W. Murdoch MGMT YES WHOLD AGNST
1.11 Elect Bertin F. Nadeau MGMT YES WHOLD AGNST
1.12 Elect John D. Redfern MGMT YES WHOLD AGNST
1.13 Elect Philippe R. Rollier MGMT YES WHOLD AGNST
1.14 Elect Michel Rose MGMT YES WHOLD AGNST
1.15 Elect Lawrence M. Tanenbaum MGMT YES WHOLD AGNST
1.16 Elect Gerald H. Taylor MGMT YES WHOLD AGNST

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

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

Maxtor Corp MXO 577729205 5/20/04 Annual
1.01 Elect Paul J. Tufano MGMT YES WHOLD AGNST
1.02 Elect Charles M. Boesenberg MGMT YES WHOLD AGNST
1.03 Elect Michael R. Cannon MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

McKesson MCK 58155Q103 7/30/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Golden Parachutes SHLDR YES FOR AGNST

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 FOR
AGNST
6.00 Link Executive Pay to Social Criteria SHLDR YES FOR AGNST
7.00 Review Political Spending SHLDR YES FOR AGNST
8.00 Review AIDS Pandemic's Impact on Company SHLDR YES FOR AGNST

National Semiconductor NSM 637640103 9/26/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR
3.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST

National-Oilwell Inc NOI 637071101 5/19/04 Annual
1.01 Elect Roger L. Jarvis MGMT YES WHOLD AGNST
1.02 Elect Merill A. Miller, Jr. MGMT YES WHOLD AGNST
1.03 Elect Frederick W. Pheasey MGMT YES WHOLD AGNST

NVidia NVDA 67066G104 7/10/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Office Depot Inc ODP 676220106 5/14/04 Annual
1.01 Elect Lee A. Ault III MGMT YES FOR FOR
1.02 Elect Neil R. Austrian MGMT YES FOR FOR
1.03 Elect David W. Bernauer MGMT YES FOR FOR
1.04 Elect Abelardo E. Bru MGMT YES FOR FOR
1.05 Elect David I. Fuente MGMT YES FOR FOR
1.06 Elect Brenda J. Gaines MGMT YES WHOLD AGNST
1.07 Elect Myra M. Hart MGMT YES FOR FOR
1.08 Elect W. Scott Hedrick MGMT YES FOR FOR
1.09 Elect James L. Heskett MGMT YES WHOLD AGNST
1.10 Elect Patricia H. McKay MGMT YES WHOLD AGNST
1.11 Elect Michael J. Myers MGMT YES WHOLD AGNST
1.12 Elect M. Bruce Nelson MGMT YES FOR FOR
2.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Pactiv Corp PTV 695257105 5/14/04 Annual
1.01 Elect Larry D. Brady MGMT YES WHOLD AGNST
1.02 Elect K. Dane Brooksher MGMT YES WHOLD AGNST
1.03 Elect Robert J. Darnall MGMT YES WHOLD AGNST
1.04 Elect Mary R. (Nina) Henderson MGMT YES WHOLD AGNST
1.05 Elect Roger B. Porter MGMT YES WHOLD AGNST
1.06 Elect Richard L. Wambold MGMT YES WHOLD AGNST
1.07 Elect Norman H. Wesley MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Pall PLL 696429307 11/19/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Approve Annual Bonus Plan MGMT YES FOR FOR
3.00 Add Shares to Stock Award Plan MGMT YES AGNST AGNST
4.00 Add Shares to Employee Stock Purchase Plan MGMT YES FOR FOR

Pentair PNR 709631105 4/30/04 Annual
1.01 Elect Glynis A. Bryan MGMT YES WHOLD AGNST
1.02 Elect David A. Jones MGMT YES WHOLD AGNST
1.03 Elect William T. Monahan MGMT YES WHOLD AGNST
1.04 Elect Karen E. Welke MGMT YES WHOLD AGNST
2.00 Adopt Director Stock Award Plan MGMT YES AGNST AGNST
3.00 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
Amend Stock Option Plan
4.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
5.00 Adopt Employee Stock Purchase Plan MGMT YES AGNST AGNST
6.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Polo Ralph Lauren -Cl A RL 731572103 8/14/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Amend Annual Bonus Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Reebok International RBK 758110100 5/4/04 Annual
1.01 Elect Norman Axelrod MGMT YES WHOLD AGNST
1.02 Elect Paul R. Duncan MGMT YES WHOLD AGNST
1.03 Elect Richard G. Lesser MGMT YES WHOLD AGNST
1.04 Elect Deval L. Patrick MGMT YES WHOLD AGNST
2.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Ryder System R 783549108 5/7/04 Annual
1.01 Elect John M. Berra MGMT YES WHOLD AGNST
1.02 Elect David I. Fuente MGMT YES WHOLD AGNST
1.03 Elect Eugene A. Renna MGMT YES WHOLD AGNST
1.04 Elect Abbie J. Smith MGMT YES WHOLD AGNST
1.05 Elect Christine A. Varney MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Sara Lee SLE 803111103 10/30/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Review Charitable Giving Policy SHLDR YES AGNST FOR
4.00 Monitor/Adopt ILO Conventions SHLDR YES FOR AGNST

SPX SPW 784635104 4/28/04 Annual
1.01 Elect Sarah R. Coffin MGMT YES WHOLD AGNST
1.02 Elect Charles E. Johnson II MGMT YES WHOLD AGNST
1.03 Elect David P. Williams MGMT YES WHOLD AGNST

Storage Technology Corp STK 862111200 5/20/04 Annual
1.01 Elect James R. Adams MGMT YES WHOLD AGNST
1.02 Elect Charles E. Foster MGMT YES WHOLD AGNST
1.03 Elect Mercedes Johnson MGMT YES WHOLD AGNST
1.04 Elect William T. Kerr MGMT YES WHOLD AGNST
1.05 Elect Robert E. Lee MGMT YES WHOLD AGNST
1.06 Elect Patrick J. Martin MGMT YES WHOLD AGNST
1.07 Elect Judy C. Odom 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 Adopt Cumulative Voting SHLDR YES FOR AGNST

Tenet Healthcare THC 88033G100 7/23/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Repeal Classified Board MGMT YES FOR FOR
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Increase Board Independence SHLDR YES FOR AGNST

Unisys UIS 909214108 4/22/04 Annual
1.01 Elect Henry C. Duques MGMT YES WHOLD AGNST
1.02 Elect Clayton M. Jones MGMT YES WHOLD AGNST
1.03 Elect Theodore E. Martin MGMT YES WHOLD AGNST
1.04 Elect Lawrence A. Weinbach MGMT YES WHOLD AGNST

UTStarcom UTSI 918076100 9/24/03 Special
1.00 Increase Authorized Common Stock MGMT YES FOR FOR

UTStarcom UTSI 918076100 5/14/04 Annual
1.01 Elect Thomas J. Toy MGMT YES WHOLD AGNST
1.02 Elect Ying Wu MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Citizens Global Equity Fund

Item 1. Proxy Voting Record
Account Number: 010033767514

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
Air Products and Chemicals APD 009158106 1/22/04 Annual
1.01 Elect W. Douglas Ford MGMT YES WHOLD AGNST
1.02 Elect James F. Hardymon MGMT YES WHOLD AGNST
1.03 Elect Paula G. Rosput MGMT YES WHOLD AGNST
1.04 Elect Lawrason D. Thomas MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES FOR FOR

Applera ABI 038020103 10/16/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST

Assa Abloy ASSAB_SS 5698789 4/27/04 Annual
1.01 Approve Financial Statements MGMT YES AGNST AGNST
1.02 Set Dividend at 1.25 MGMT YES FOR FOR
1.03 Set Dividend Record Date MGMT YES FOR FOR
1.04 Ratify Management Acts-Legal MGMT YES AGNST AGNST
Ratify Board Acts-Legal
2.00 Set Board/Supervisory Board Size Limits MGMT YES FOR FOR
3.00 Approve Directors' Fees MGMT YES FOR FOR
4.00 Election of Directors by Slate MGMT YES FOR FOR
5.01 Establish Board Committee SHLDR YES FOR AGNST
5.02 Elect Board Committee MGMT YES FOR FOR
6.00 Adopt UN Principles on Human Rights SHLDR YES FOR AGNST
7.00 Issue Bonds with Warrants MGMT YES FOR FOR
Approve Stock Purchase Plan/SAYE/AESOP

AXA AXA 054536107 4/21/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Approve Financial Statements MGMT YES AGNST AGNST
3.00 Set Dividend at 0.57 MGMT YES FOR FOR
4.00 Approve Related Party Transactions MGMT YES FOR FOR
5.00 Elect Supervisory Board/Corporate Assembly MGMT YES AGNST AGNST
6.00 Appoint Outside Auditors MGMT YES FOR FOR
7.00 Appoint Outside Auditors MGMT YES FOR FOR
8.00 Elect Supervisory Board/Corporate Assembly MGMT YES AGNST AGNST
9.00 Elect Supervisory Board/Corporate Assembly MGMT YES AGNST AGNST
10.00 Elect Supervisory Board/Corporate Assembly MGMT YES AGNST
AGNST
11.00 Authorize Trade in Company Stock MGMT YES FOR FOR
12.00 Adopt Poison-Pill-Style Defense MGMT YES AGNST AGNST
13.00 Amend Board Election Rules MGMT YES FOR FOR
14.00 Amend Board Election Rules SHLDR YES AGNST FOR
15.00 Reduce Auth'zed Capital if Shares Repurchased MGMT YES FOR FOR
16.00 Authorize Legal Formalities 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 AGNST AGNST
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 AGNST AGNST
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 AGNST AGNST
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 AGNST AGNST
17.00 Report on Environmental Performance SHLDR YES FOR AGNST

British Sky Broadcasting BSY_LN 111013108 11/14/03 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
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

Canon CAJ 138006309 3/30/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES AGNST AGNST
3.01 Elect Nominee No. 1 MGMT YES AGNST AGNST
3.02 Elect Nominee No. 2 MGMT YES AGNST AGNST
3.03 Elect Nominee No. 3 MGMT YES AGNST AGNST
3.04 Elect Nominee No. 4 MGMT YES AGNST AGNST
3.05 Elect Nominee No. 5 MGMT YES AGNST AGNST
3.06 Elect Nominee No. 6 MGMT YES AGNST AGNST
3.07 Elect Nominee No. 7 MGMT YES AGNST AGNST
3.08 Elect Nominee No. 8 MGMT YES AGNST AGNST
3.09 Elect Nominee No. 9 MGMT YES AGNST AGNST
3.10 Elect Nominee No. 10 MGMT YES AGNST AGNST
3.11 Elect Nominee No. 11 MGMT YES AGNST AGNST
3.12 Elect Nominee No. 12 MGMT YES AGNST AGNST
3.13 Elect Nominee No. 13 MGMT YES AGNST AGNST
3.14 Elect Nominee No. 14 MGMT YES AGNST AGNST
3.15 Elect Nominee No. 15 MGMT YES AGNST AGNST
3.16 Elect Nominee No. 16 MGMT YES AGNST AGNST
3.17 Elect Nominee No. 17 MGMT YES AGNST AGNST
3.18 Elect Nominee No. 18 MGMT YES AGNST AGNST
3.19 Elect Nominee No. 19 MGMT YES AGNST AGNST
3.20 Elect Nominee No. 20 MGMT YES AGNST AGNST
3.21 Elect Nominee No. 21 MGMT YES AGNST AGNST
3.22 Elect Nominee No. 22 MGMT YES AGNST AGNST
3.23 Elect Nominee No. 23 MGMT YES AGNST AGNST
3.24 Elect Nominee No. 24 MGMT YES AGNST AGNST
3.25 Elect Nominee No. 25 MGMT YES AGNST AGNST
3.26 Elect Nominee No. 26 MGMT YES AGNST AGNST
3.27 Elect Nominee No. 27 MGMT YES AGNST AGNST
4.00 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST
6.00 Approve Bonuses for Retiring Statutory Auditors MGMT YES AGNST
AGNST
Approve Bonuses for Retiring Directors
7.00 Approve Directors' Fees MGMT YES FOR FOR
Approve Maximum Statutory Auditor Fees

COMPASS GROUP CMPGY 20449X 2/16/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
4.00 Elect Michael J. Bailey MGMT YES AGNST AGNST
5.00 Elect Denis P. Cassidy MGMT YES AGNST AGNST
6.00 Elect Francis H. Mackay MGMT YES AGNST AGNST
7.00 Appoint Outside Auditors MGMT YES AGNST AGNST
8.00 Set Auditors' Fees MGMT YES AGNST AGNST
9.00 Approve Political Donation MGMT YES AGNST AGNST
10.00 Amend Stock Option Plan 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

Cox Communications COX 224044107 5/18/04 Annual
1.01 Elect G. Dennis Berry MGMT YES WHOLD AGNST
1.02 Elect Janet M. Clarke MGMT YES WHOLD AGNST
1.03 Elect James C. Kennedy MGMT YES WHOLD AGNST
1.04 Elect Robert C. O'Leary MGMT YES WHOLD AGNST
1.05 Elect James O. Robbins MGMT YES WHOLD AGNST
1.06 Elect Rodney W. Schrock MGMT YES WHOLD AGNST
1.07 Elect Andrew J. Young MGMT YES WHOLD AGNST
2.00 Adopt Employee Stock Purchase Plan MGMT YES FOR FOR

CRH CRHCY 12626K203 5/5/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Set Final Dividend at 19.90 MGMT YES FOR FOR
3.01 Elect David M. Kennedy MGMT YES FOR FOR
3.02 Elect Pat J. Molloy MGMT YES FOR FOR
3.03 Elect W.I. (Liam) O'Mahony MGMT YES FOR FOR
3.04 Elect Declan W. Doyle MGMT YES FOR FOR
3.05 Elect J.M. de Jong MGMT YES FOR FOR
3.06 Elect Myles Lee MGMT YES FOR FOR
3.07 Elect Terry V. Neill MGMT YES FOR FOR
4.00 Set Auditors' Fees MGMT YES FOR FOR
5.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
6.00 Approve Scrip Dividend/Dividend Reinvestment Plan MGMT YES FOR
FOR
7.00 Amend Articles--Technical MGMT YES FOR FOR
8.00 Amend Terms of Indemnification MGMT YES FOR FOR
9.00 Amend Articles Re: Share Repurchases MGMT YES FOR FOR
10.00 Authorize Share Repurchase MGMT YES FOR FOR
11.00 Reissuance of Shares/Treasury Stock MGMT YES AGNST AGNST

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 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 Ratify Selection of Auditors MGMT YES AGNST AGNST
5.00 Restrict Executive Compensation SHLDR YES FOR AGNST

GlaxoSmithKline PLC GSK 37733W105 5/17/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Approve Remuneration Policy MGMT YES AGNST AGNST
3.00 Elect H. Lawrence Culp Jr. MGMT YES FOR FOR
4.00 Elect Crispin H.L. Davis MGMT YES FOR FOR
5.00 Elect Robert Peter Wilson MGMT YES FOR FOR
6.00 Elect Tadataka (Tachi) Yamada MGMT YES FOR FOR
7.00 Elect Christopher A. Hogg MGMT YES FOR FOR
8.00 Appoint Outside Auditors MGMT YES FOR FOR
9.00 Set Auditors' Fees MGMT YES FOR FOR
10.00 Approve Political Donation MGMT YES AGNST AGNST
11.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
12.00 Authorize Share Repurchase MGMT YES FOR FOR

HBOS HBOOY 42205M106 4/27/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Set Dividend at 20.60p MGMT YES FOR FOR
4.00 Elect Kate Nealon MGMT YES FOR FOR
5.00 Elect David Shearer MGMT YES FOR FOR
6.00 Elect James Crosby MGMT YES FOR FOR
7.00 Elect Phil Hodkinson MGMT YES FOR FOR
8.00 Elect Brian Ivory MGMT YES FOR FOR
9.00 Appoint Auditors and Set Their Fees 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 Political Donation MGMT YES AGNST AGNST
13.00 Amend Articles--Technical MGMT YES FOR FOR

Hilton Hotels Corp HLT 432848109 5/27/04 Annual
1.01 Elect A. Steven Crown MGMT YES WHOLD AGNST
1.02 Elect David Michels MGMT YES WHOLD AGNST
1.03 Elect John H. Myers MGMT YES WHOLD AGNST
1.04 Elect Donna F. Tuttle 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
5.00 Repeal Classified Board SHLDR YES FOR AGNST
6.00 Increase Board Independence SHLDR YES FOR AGNST

Honda Motor Co HMC 438128308 6/23/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES AGNST AGNST
3.01 Elect Nominee No. 3.1 MGMT YES AGNST AGNST
3.02 Elect Nominee No. 3.2 MGMT YES AGNST AGNST
3.03 Elect Nominee No. 3.3 MGMT YES AGNST AGNST
3.04 Elect Nominee No. 3.4 MGMT YES AGNST AGNST
3.05 Elect Nominee No. 3.5 MGMT YES AGNST AGNST
3.06 Elect Nominee No. 3.6 MGMT YES AGNST AGNST
3.07 Elect Nominee No. 3.7 MGMT YES AGNST AGNST
3.08 Elect Nominee No. 3.8 MGMT YES AGNST AGNST
3.09 Elect Nominee No. 3.9 MGMT YES AGNST AGNST
3.10 Elect Nominee No. 3.10 MGMT YES AGNST AGNST
3.11 Elect Nominee No. 3.11 MGMT YES AGNST AGNST
3.12 Elect Nominee No. 3.12 MGMT YES AGNST AGNST
3.13 Elect Nominee No. 3.13 MGMT YES AGNST AGNST
3.14 Elect Nominee No. 3.14 MGMT YES AGNST AGNST
3.15 Elect Nominee No. 3.15 MGMT YES AGNST AGNST
3.16 Elect Nominee No. 3.16 MGMT YES AGNST AGNST
3.17 Elect Nominee No. 3.17 MGMT YES AGNST AGNST
3.18 Elect Nominee No. 3.18 MGMT YES AGNST AGNST
3.19 Elect Nominee No. 3.19 MGMT YES AGNST AGNST
3.20 Elect Nominee No. 3.20 MGMT YES AGNST AGNST
3.21 Elect Nominee No. 3.21 MGMT YES AGNST AGNST
3.22 Elect Nominee No. 3.22 MGMT YES AGNST AGNST
3.23 Elect Nominee No. 3.23 MGMT YES AGNST AGNST
3.24 Elect Nominee No. 3.24 MGMT YES AGNST AGNST
3.25 Elect Nominee No. 3.25 MGMT YES AGNST AGNST
3.26 Elect Nominee No. 3.26 MGMT YES AGNST AGNST
3.27 Elect Nominee No. 3.27 MGMT YES AGNST AGNST
3.28 Elect Nominee No. 3.28 MGMT YES AGNST AGNST
3.29 Elect Nominee No. 3.29 MGMT YES AGNST AGNST
3.30 Elect Nominee No. 3.30 MGMT YES AGNST AGNST
3.31 Elect Nominee No. 3.31 MGMT YES AGNST AGNST
3.32 Elect Nominee No. 3.32 MGMT YES AGNST AGNST
3.33 Elect Nominee No. 3.33 MGMT YES AGNST AGNST
3.34 Elect Nominee No. 3.34 MGMT YES AGNST AGNST
3.35 Elect Nominee No. 3.35 MGMT YES AGNST AGNST
3.36 Elect Nominee No. 3.36 MGMT YES AGNST AGNST
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
5.00 Approve Directors' Fees MGMT YES FOR FOR
6.00 Approve Bonus MGMT YES AGNST AGNST
7.00 Approve Bonuses for Retiring Directors MGMT YES AGNST AGNST
Approve Bonuses for Retiring Statutory Auditors

HSBC Holdings PLC HBC 404280406 5/28/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.01 Elect The Rt. Hon. Lord Butler of Brockwell MGMT YES FOR FOR
2.02 Elect Baroness Lydia Dunn MGMT YES FOR FOR
2.03 Elect Rona A. Fairhead MGMT YES FOR FOR
2.04 Elect William Kwok Lun Fung MGMT YES FOR FOR
2.05 Elect Michael F. Geoghegan MGMT YES FOR FOR
2.06 Elect Sharon Hintze MGMT YES FOR FOR
2.07 Elect Sir John Kemp-Welch MGMT YES FOR FOR
2.08 Elect Sir Mark Moody-Stuart MGMT YES FOR FOR
2.09 Elect Helmut Sohmen MGMT YES FOR FOR
3.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
4.00 Approve Remuneration Policy MGMT YES FOR FOR
5.00 Authorize Share Repurchase MGMT YES FOR FOR
6.00 Issue Stock w/ Preemptive Rights MGMT YES AGNST AGNST
Approve Issue of Preferred Stock
7.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
8.00 Approve Directors' Fees MGMT YES FOR FOR

ING Groep ING 456837103 4/27/04 Annual
1.01 Approve Financial Statements MGMT YES AGNST AGNST
1.02 Set Dividend at 0.97 MGMT YES FOR FOR
2.00 Appoint Outside Auditors MGMT YES AGNST AGNST
3.01 Ratify Management Acts-Legal MGMT YES AGNST AGNST
3.02 Ratify Board Acts-Legal MGMT YES AGNST AGNST
4.01 Approve Remuneration Policy MGMT YES FOR FOR
4.02 Approve Executive Profit Sharing/Bonus Plan MGMT YES AGNST
AGNST
5.00 Amend Meeting Procedures/Change Date MGMT YES FOR FOR
Amend Board Powers/Procedures/Qualifications
6.01 Elect Eric Boyer de la Giroday MGMT YES FOR FOR
6.02 Elect Eli Leenaars MGMT YES FOR FOR
6.03 Elect Hans Verkoren MGMT YES FOR FOR
7.00 Elect Supervisory Board/Corporate Assembly MGMT YES FOR FOR
8.00 Issue Stock w/ or w/o Preemptive Rights MGMT YES FOR FOR
Approve Issue of Preferred Stock
9.00 Authorize Share Repurchase MGMT YES FOR FOR

Interpublic Group of Cos IPG 460690100 5/18/04 Annual
1.01 Elect David A. Bell MGMT YES WHOLD AGNST
1.02 Elect Frank J. Borelli MGMT YES WHOLD AGNST
1.03 Elect Reginald K. Brack Jr. MGMT YES WHOLD AGNST
1.04 Elect Jill M. Considine MGMT YES WHOLD AGNST
1.05 Elect Christopher J. Coughlin MGMT YES WHOLD AGNST
1.06 Elect John J. Dooner Jr. MGMT YES WHOLD AGNST
1.07 Elect Richard A. Goldstein MGMT YES WHOLD AGNST
1.08 Elect H. John Greeniaus MGMT YES WHOLD AGNST
1.09 Elect Michael I. Roth MGMT YES WHOLD AGNST
1.10 Elect J. Phillip Samper MGMT YES WHOLD AGNST
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 FOR AGNST

Invitrogen IVGN 46185R100 4/29/04 Annual
1.01 Elect Raymond V. Dittamore MGMT YES WHOLD AGNST
1.02 Elect Bradley G. Lorimier MGMT YES WHOLD AGNST
1.03 Elect David C. U'Prichard MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Adopt Stock Option Plan MGMT YES AGNST AGNST
4.00 Add Shares to Employee Stock Purchase Plan MGMT YES AGNST AGNST

Komatsu Ltd KMTUY 500458401 6/25/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Waive Approval of Share Repurchase MGMT YES AGNST AGNST
3.01 Elect Nominee No. 3.1 MGMT YES AGNST AGNST
3.02 Elect Nominee No. 3.2 MGMT YES AGNST AGNST
3.03 Elect Nominee No. 3.3 MGMT YES AGNST AGNST
3.04 Elect Nominee No. 3.4 MGMT YES AGNST AGNST
3.05 Elect Nominee No. 3.5 MGMT YES AGNST AGNST
3.06 Elect Nominee No. 3.6 MGMT YES AGNST AGNST
3.07 Elect Nominee No. 3.7 MGMT YES AGNST AGNST
3.08 Elect Nominee No. 3.8 MGMT YES AGNST AGNST
3.09 Elect Nominee No. 3.9 MGMT YES AGNST AGNST
3.10 Elect Nominee No. 3.10 MGMT YES AGNST AGNST
4.01 Elect Statutory Auditors MGMT YES FOR FOR
5.00 Approve Stock Option Grants MGMT YES AGNST AGNST
6.00 Approve Directors' Fees MGMT YES FOR FOR
Approve Maximum Statutory Auditors' Fee
7.00 Approve Bonuses for Retiring Statutory Auditors MGMT YES AGNST
AGNST

L'Oreal LORLY 502117203 4/29/04 Annual
1.00 Approve Financial Statements MGMT YES FOR FOR
Ratify Board Acts-Symbolic
2.00 Approve Financial Statements MGMT YES AGNST AGNST
3.00 Set Dividend at 1.10 MGMT YES FOR FOR
4.00 Approve Related Party Transactions MGMT YES FOR FOR
5.00 Elect Rainer E. Gut MGMT YES AGNST AGNST
6.00 Elect Bernard L. Kasriel MGMT YES AGNST AGNST
7.00 Approve Directors' Fees MGMT YES FOR FOR
8.00 Appoint Outside Auditors MGMT YES FOR FOR
9.00 Appoint Outside Auditors MGMT YES FOR FOR
10.00 Authorize Trade in Company Stock MGMT YES FOR FOR
11.00 Authorize Legal Formalities MGMT YES FOR FOR

L'Oreal LORLY 502117203 4/29/04 Special
1.00 Remove Multiple-voting Rights MGMT YES FOR FOR
2.00 Amend Meeting Procedures/Change Date MGMT YES FOR FOR
3.00 Approve Merger/Acquisition MGMT YES FOR FOR
Increase Authorized Capital
4.00 Cancel Authorized Stock MGMT YES FOR FOR
5.00 Authorize Legal Formalities MGMT YES FOR FOR

Li & Fung Ltd 494_HK 6286257 5/11/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Set Final Dividend at 25.00 MGMT YES FOR FOR
3.01 Elect Danny Lau Sai Wing MGMT YES FOR FOR
3.02 Elect Annabella Leung Wai Ping MGMT YES FOR FOR
3.03 Elect Paul E. Selway-Swift MGMT YES FOR FOR
4.00 Approve Directors' Fees MGMT YES FOR FOR
5.00 Appoint Auditors and Set Their Fees MGMT YES FOR FOR
6.00 Authorize Share Repurchase MGMT YES FOR FOR
7.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
8.00 Reissuance of Shares/Treasury Stock MGMT YES AGNST AGNST
9.00 Amend Meeting Procedures/Change Date MGMT YES FOR FOR
Amend Articles--Technical
Amend Board Powers/Procedures/Qualifications
Amend Board Election Rules

Lilly (Eli) LLY 532457108 4/19/04 Annual
1.01 Elect Steven C. Beering MGMT YES WHOLD AGNST
1.02 Elect Winfried F.W. Bischoff MGMT YES WHOLD AGNST
1.03 Elect Franklyn G. Prendergast MGMT YES WHOLD AGNST
1.04 Elect Kathi P. Seifert MGMT YES WHOLD AGNST
2.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
3.00 Approve Annual Bonus Plan MGMT YES FOR FOR
4.00 Restrict Executive Compensation SHLDR YES FOR AGNST
5.00 Review Drug Pricing or Distribution SHLDR YES AGNST FOR

Nestle 3NSRGY 641069406 4/22/04 Annual
1.01 Approve Financial Statements MGMT YES AGNST AGNST
1.02 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Ratify Board Acts-Legal MGMT YES AGNST AGNST
3.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
4.01 Elect Edward George MGMT YES FOR FOR
4.02 Elect Kaspar Villiger MGMT YES FOR FOR
4.03 Elect Rolf Hanggi MGMT YES FOR FOR
4.04 Elect Baniel Borel MGMT YES FOR FOR
4.05 Elect Carolina Muller MGMT YES FOR FOR

Nokia NOK 654902204 3/25/04 Annual
1.01 Approve Financial Statements MGMT YES AGNST AGNST
1.02 Set Dividend/Allocate Profits MGMT YES FOR FOR
1.03 Ratify Board Acts-Legal MGMT YES AGNST AGNST
Ratify Management 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 AGNST AGNST
1.07 Appoint Outside Auditors MGMT YES AGNST AGNST
2.00 Cancel Authorized Stock MGMT YES FOR FOR
Reduce Authorized Capital
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

Novartis NVS 66987V109 2/24/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Ratify Board Acts-Legal MGMT YES AGNST AGNST
3.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
4.00 Approve Use/Transfer of Reserves MGMT YES FOR FOR
5.00 Reduce Authorized Capital MGMT YES FOR FOR
Cancel Authorized Stock
6.00 Authorize Share Repurchase MGMT YES FOR FOR
7.00 Amend Board Election Rules MGMT YES FOR FOR
8.00 Election of Directors by Slate MGMT YES AGNST AGNST
9.00 Appoint Outside Auditors MGMT YES FOR FOR

NTT DoCoMo Inc 9437_JP 6129277 6/18/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Authorize Share Repurchase MGMT YES FOR FOR
3.00 Waive Approval of Share Repurchase MGMT YES AGNST AGNST
4.01 Elect Nominee No. 4.1 MGMT YES AGNST AGNST
4.02 Elect Nominee No. 4.2 MGMT YES AGNST AGNST
4.03 Elect Nominee No. 4.3 MGMT YES AGNST AGNST
4.04 Elect Nominee No. 4.4 MGMT YES AGNST AGNST
4.05 Elect Nominee No. 4.5 MGMT YES AGNST AGNST
4.06 Elect Nominee No. 4.6 MGMT YES AGNST AGNST
4.07 Elect Nominee No. 4.7 MGMT YES AGNST AGNST
4.08 Elect Nominee No. 4.8 MGMT YES AGNST AGNST
4.09 Elect Nominee No. 4.9 MGMT YES AGNST AGNST
4.10 Elect Nominee No. 4.10 MGMT YES AGNST AGNST
4.11 Elect Nominee No. 4.11 MGMT YES AGNST AGNST
4.12 Elect Nominee No. 4.12 MGMT YES AGNST AGNST
4.13 Elect Nominee No. 4.13 MGMT YES AGNST AGNST
4.14 Elect Nominee No. 4.14 MGMT YES AGNST AGNST
4.15 Elect Nominee No. 4.15 MGMT YES AGNST AGNST
4.16 Elect Nominee No. 4.16 MGMT YES AGNST AGNST
4.17 Elect Nominee No. 4.17 MGMT YES AGNST AGNST
4.18 Elect Nominee No. 4.18 MGMT YES AGNST AGNST
4.19 Elect Nominee No. 4.19 MGMT YES AGNST AGNST
4.20 Elect Nominee No. 4.20 MGMT YES AGNST AGNST
4.21 Elect Nominee No. 4.21 MGMT YES AGNST AGNST
4.22 Elect Nominee No. 4.22 MGMT YES AGNST AGNST
4.23 Elect Nominee No. 4.23 MGMT YES AGNST AGNST
4.24 Elect Nominee No. 4.24 MGMT YES AGNST AGNST
4.25 Elect Nominee No. 4.25 MGMT YES AGNST AGNST
5.01 Elect Statutory Auditors MGMT YES FOR FOR
6.00 Approve Bonuses for Retiring Directors MGMT YES AGNST AGNST
Approve Bonuses for Retiring Statutory Auditors

Royal Bank of Scotland RBS 780097887 4/29/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Approve Remuneration Policy MGMT YES FOR FOR
3.00 Set Final Dividend at 35.70p MGMT YES FOR FOR
4.00 Elect Emilio Botin MGMT YES AGNST AGNST
5.00 Elect Lawrence K. Fish MGMT YES AGNST AGNST
6.00 Elect Sir Angus Grossart MGMT YES AGNST AGNST
7.00 Elect Sir George R. Mathewson MGMT YES AGNST AGNST
8.00 Elect Gordon F. Pell MGMT YES AGNST AGNST
9.00 Elect Iain S. Robertson MGMT YES AGNST AGNST
10.00 Elect Iain Vallance MGMT YES AGNST AGNST
11.00 Appoint Outside Auditors MGMT YES FOR FOR
12.00 Set Auditors' Fees 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
16.00 Approve Issue of Preferred Stock MGMT YES AGNST AGNST
Increase Authorized Capital
17.00 Amend Dividend Distribution Rules MGMT YES FOR FOR

Sanofi-Synthelabo SASY 5671735 6/23/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Approve Financial Statements MGMT YES AGNST AGNST
3.00 Set Final Dividend at 1.53 MGMT YES FOR FOR
4.00 Approve Related Party Transactions MGMT YES FOR FOR
5.00 Authorize Trade in Company Stock MGMT YES FOR FOR
6.00 Issue Debt Instruments MGMT YES FOR FOR
7.00 Issue Stock w/ Preemptive Rights MGMT YES AGNST AGNST
Increase Authorized Capital
8.00 Issue Stock w/o Preemptive Rights MGMT YES AGNST AGNST
Increase Authorized Capital
9.00 Adopt Poison-Pill-Style Defense MGMT YES AGNST AGNST
10.00 Increase Authorized Capital MGMT YES FOR FOR
Approve Use/Transfer of Reserves
11.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
Increase Authorized Capital
12.00 Approve Stock Option Plan MGMT YES AGNST AGNST
13.00 Reduce Authorized Capital MGMT YES FOR FOR
14.00 Issue Stock w/o Preemptive Rights MGMT YES AGNST AGNST
Increase Authorized Capital
15.00 Change Company Name MGMT YES FOR FOR
16.00 Amend Board Election Rules MGMT YES ABSTAIN AGNST
17.00 Amend Board Powers/Procedures/Qualifications MGMT YES ABSTAIN
AGNST
18.00 Elect Jean-Francois Dehecq MGMT YES ABSTAIN AGNST
19.00 Elect Rene Barbier de la Serre MGMT YES ABSTAIN AGNST
20.00 Elect Robert Castaigne MGMT YES ABSTAIN AGNST
21.00 Elect Thierry Desmarest MGMT YES ABSTAIN AGNST
22.00 Elect Lindsay Owen-Jones MGMT YES ABSTAIN AGNST
23.00 Elect Bruno Weymuller MGMT YES ABSTAIN AGNST
24.00 Elect Lord Douro MGMT YES ABSTAIN AGNST
25.00 Elect Gerard Van Kemmel MGMT YES ABSTAIN AGNST
26.00 Elect Christian Mulliez MGMT YES ABSTAIN AGNST
27.00 Elect Jean-Marc Bruel MGMT YES ABSTAIN AGNST
28.00 Elect Juergen Dormann MGMT YES ABSTAIN AGNST
29.00 Elect Jean-Rene Fourtou MGMT YES ABSTAIN AGNST
30.00 Elect Serge Kampf MGMT YES ABSTAIN AGNST
31.00 Elect Igor Landau MGMT YES ABSTAIN AGNST
32.00 Elect Hubert Markl MGMT YES ABSTAIN AGNST
33.00 Elect Klaus Pohle MGMT YES ABSTAIN AGNST
34.00 Elect Hermann Scholl MGMT YES ABSTAIN AGNST
35.00 Authorize Legal Formalities MGMT YES FOR FOR
36.00 Approve Directors' Fees MGMT YES FOR FOR
37.00 Authorize Legal Formalities MGMT YES FOR FOR

SAP SAP_GR 4846288 5/6/04 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 FOR FOR
5.00 Amend Articles for Capital Increase/Decrease MGMT YES FOR FOR
6.00 Reissuance of Shares/Treasury Stock MGMT YES AGNST AGNST
Authorize Share Repurchase
7.00 Approve Use of Equity Derivatives MGMT YES AGNST AGNST

Seven-Eleven Japan 8183_JP 6797179 5/28/04 Annual
1.00 Allocate Dividend MGMT YES FOR FOR
2.00 Amend Company Purpose MGMT YES AGNST AGNST
Waive Approval of Share Repurchase
Indemnify Directors/Officers
3.01 Elect Nominee No. 3.1 MGMT YES AGNST AGNST
3.02 Elect Nominee No. 3.2 MGMT YES AGNST AGNST
3.03 Elect Nominee No. 3.3 MGMT YES AGNST AGNST
3.04 Elect Nominee No. 3.4 MGMT YES AGNST AGNST
3.05 Elect Nominee No. 3.5 MGMT YES AGNST AGNST
3.06 Elect Nominee No. 3.6 MGMT YES AGNST AGNST
3.07 Elect Nominee No. 3.7 MGMT YES AGNST AGNST
3.08 Elect Nominee No. 3.8 MGMT YES AGNST AGNST
3.09 Elect Nominee No. 3.9 MGMT YES AGNST AGNST
3.10 Elect Nominee No. 3.10 MGMT YES AGNST AGNST
3.11 Elect Nominee No. 3.11 MGMT YES AGNST AGNST
3.12 Elect Nominee No. 3.12 MGMT YES AGNST AGNST
3.13 Elect Nominee No. 3.13 MGMT YES AGNST AGNST
3.14 Elect Nominee No. 3.14 MGMT YES AGNST AGNST
3.15 Elect Nominee No. 3.15 MGMT YES AGNST AGNST
3.16 Elect Nominee No. 3.16 MGMT YES AGNST AGNST
3.17 Elect Nominee No. 3.17 MGMT YES AGNST AGNST
3.18 Elect Nominee No. 3.18 MGMT YES AGNST AGNST
3.19 Elect Nominee No. 3.19 MGMT YES AGNST AGNST
4.00 Approve Bonuses for Retiring Directors MGMT YES AGNST AGNST

Taiwan Semiconductor Manufacturing 2330_TT 6889106 5/11/04 Annual
1.01 Approve Financial Statements MGMT YES AGNST AGNST
1.02 Set Final Dividend at 0.60 MGMT YES FOR FOR
1.03 Approve Bonus Dividend/Bonus Share Issue MGMT YES FOR FOR
Issue Stock w/o Preemptive Rights

Telefonica TEF 879382208 4/29/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Set Final Dividend at 0.40 MGMT YES FOR FOR
3.00 Appoint Outside Auditors MGMT YES FOR FOR
4.00 Authorize Trade in Company Stock MGMT YES FOR FOR
5.00 Amend Board Powers/Procedures/Qualifications MGMT YES FOR FOR
6.00 Authorize Legal Formalities MGMT YES FOR FOR

Teradyne Inc TER 880770102 5/27/04 Annual
1.01 Elect John P. Mulroney MGMT YES WHOLD AGNST
1.02 Elect Patricia S. Wolpert 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 AGNST AGNST

UBS UBSN_SW 7126114 4/15/04 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
2.00 Set Dividend/Allocate Profits MGMT YES FOR FOR
3.00 Ratify Board Acts-Legal MGMT YES AGNST AGNST
4.01 Election of Directors by Slate MGMT YES FOR FOR
4.02 Appoint Outside Auditors MGMT YES FOR FOR
5.01 Cancel Authorized Stock MGMT YES FOR FOR
Reduce Authorized Capital
5.02 Authorize Share Repurchase MGMT YES FOR 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 AGNST AGNST
Amend Stock Option Plan
3.00 Ratify Selection of Auditors MGMT YES AGNST AGNST
4.00 Repeal Classified Board SHLDR YES FOR AGNST
5.00 Monitor/Adopt ILO Conventions SHLDR YES FOR AGNST

Volkswagen VLKAY 928662303 4/22/04 Annual
1.00 Set Dividend at 2.40 MGMT YES FOR FOR
2.00 Ratify Board Acts-Symbolic MGMT YES FOR FOR
3.00 Ratify Management Acts-Symbolic MGMT YES FOR FOR
4.00 Increase Authorized Capital MGMT YES FOR FOR
Issue Stock w/o Preemptive Rights
Amend Articles for Capital Increase/Decrease
Issue Stock w/ Preemptive Rights
5.00 Issue Convertible Debt Instruments MGMT YES FOR FOR
Increase Authorized Capital
Issue Stock w/ Preemptive Rights
Amend Articles for Capital Increase/Decrease
6.00 Authorize Share Repurchase MGMT YES FOR FOR
Reissuance of Shares/Treasury Stock
7.00 Approve Intra-company Contracts MGMT YES FOR FOR
8.00 Appoint Outside Auditors MGMT YES AGNST AGNST

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 FOR FOR
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 FOR FOR
1.07 Elect Richard D. McCormick MGMT YES FOR FOR
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 FOR FOR
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 AGNST AGNST
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 FOR AGNST
7.00 Review Political Spending SHLDR YES FOR AGNST

Citizens Balanced Fund

Item 1. Proxy Voting Record
Account Number: 010034078531

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

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

Legg Mason LM 524901105 7/22/03 Annual
1.00 Elect Directors MGMT YES WHOLD AGNST

LSI Logic LSI 502161102 5/6/04 Annual
1.01 Elect Wilfred J. Corrigan MGMT YES WHOLD AGNST
1.02 Elect T. Z. Chu MGMT YES WHOLD AGNST
1.03 Elect Malcolm R. Currie MGMT YES WHOLD AGNST
1.04 Elect James H. Keyes MGMT YES WHOLD AGNST
1.05 Elect R. Douglas Norby MGMT YES WHOLD AGNST
1.06 Elect Matthew J. O'Rourke MGMT YES WHOLD AGNST
1.07 Elect Gregorio Reyes MGMT YES WHOLD AGNST
1.08 Elect Larry W. Sonsini MGMT YES WHOLD AGNST
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 AGNST AGNST

Seagate Technology STX 811804103 10/29/03 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 AGNST AGNST

WellPoint Health Networks WLP 94973H108 6/28/04 Special
1.00 Approve Merger/Acquisition MGMT YES FOR FOR

Citizens International Growth Fund

Item 1. Proxy Voting Record
Account Number: 010033767878

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
British Sky Broadcasting 111013108 11/14/03 Annual
1.00 Approve Financial Statements MGMT YES AGNST AGNST
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

Flextronics International Y2573F102 9/30/03 Annual
1.00 Election of Directors by Nominee 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
3.00 Election of Directors by Nominee MGMT YES FOR FOR
4.00 Appoint Auditors and Set Their Fees MGMT YES AGNST AGNST
5.00 Amend Stock Purchase Plan/SAYE/AESOP MGMT YES FOR FOR
6.00 Issue Stock w/o Preemptive Rights MGMT YES FOR FOR
7.00 Approve Directors' Fees MGMT YES FOR FOR
8.00 Authorize Share Repurchase MGMT YES FOR FOR

Citizens Income Fund invests in securities that do not have voting rights. No
votes have been cast on securities by the fund during the reporting period.

Citizens Ultra Short Bond Fund invests in securities that do not have voting
rights. No votes have been cast on securities by the fund during the reporting
period.

Citizens Money Market Fund invests in securities that do not have voting rights.
No votes have been cast on securities by the fund during the reporting period.

Citizens Prime Money Market Fund invested in securities that do not have voting
rights. No votes have been cast on securities by the fund during the reporting
period.

Citizens Government Obligations Fund was not in operation during the reporting
period and, in addition, the fund only would invest in securities that do not
have voting rights. No votes have been cast on securities by the fund during
the reporting period.

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

(Registrant) CITIZENS FUNDS
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By (Signature and Title)* /s/ Sophia Collier, Chief Executive Officer
------------------------------------------------------
Date August 12, 2004
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