UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-07717
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TRANSAMERICA ASSET ALLOCATION VARIABLE FUNDS
(Exact name of registrant as specified in charter)
570 Carillon Parkway, St. Petersburg, Florida 33716
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(Address of principal executive offices) (Zip code)
Dennis P. Gallagher, P.O. Box 9012, Clearwater, Florida 33758-9771
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(Name and address of agent for service)
Registrant's telephone number, including area code: (727) 299-1800
Date of fiscal year end: December 31
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Date of reporting period: July 1, 2007 - June 30, 2008
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******************************* FORM N-PX REPORT *******************************
ICA File Number: 811-07717
Reporting Period: 07/01/2007 - 06/30/2008
Transamerica Asset Allocation Variable Funds
Transamerica Asset Allocation - Short Horizon Subaccount
Transamerica Asset Allocation - Intermediate Horizon Subaccount
Transamerica Asset Allocation - Intermediate/Long Horizon Subaccount
The above funds are "funds-of-funds" which are, indirectly, fully invested
in various funds listed under the filing for Transamerica Partners Portfolios.
Each fund voted as follows on matters presented to Transamerica Partners
Portfolios shareholders during the reporting period:
TRANSAMERICA PARTNERS PORTFOLIOS
Ticker: None Security ID:
Meeting Date: October 30, 2007 Meeting Type: Special
Record Date: August 15, 2007
# Proposal Mgmt. Rec. Vote Cast Sponsor
1.1 Elect Director Neal M. Jewell For For Management
1.2 Elect Director Eugene M. Mannella For For Management
1.3 Elect Director Joyce Galpern Norden For For Management
1.4 Elect Director Patricia L. Sawyer For For Management
1.5 Elect Director Leo J. Hill For For Management
1.6 Elect Director Russell A. Kimball, Jr. For For Management
1.7 Elect Director Norm R. Nielsen For For Management
1.8 Elect Director John W. Waechter For For Management
1.9 Elect Director John K. Carter For For Management
2.0 To approve a new Investment
Advisory Agreement with
Transamerica Fund Advisors, Inc. For For Management
3.0 To approve an amendment to the
Declaration of Trust For For Management
4.0 To approve changes to the
fundamental investment policies
of each Fund For For Management
5.0 Approval of Amended Plan of
Distribution Pursuant to Rule 12b-1 For For Management
To view each underlying portfolio's voting record for the reporting period,
please refer to the Form N-PX filed August 28, 2008 for Transamerica Partners
Portfolios, Investment Company Act # 811-08272; CIK # 0000917153.
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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.
TRANSAMERICA ASSET ALLOCATION VARIABLE FUNDS
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(Registrant)
By: /s/ John K. Carter
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John K. Carter
President and Chief Executive Officer
Date: September 2, 2008
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