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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 811-00082
--------------------------------------------
CGM TRUST
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
One International Place, Boston, MA 02110
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Jeremiah J. Bresnahan, Jr., Esq.
Bingham McCutchen LLP, 150 Federal St., Boston, MA 02110
- -------------------------------------------------------------------------------
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-737-3225
---------------------------
Date of fiscal year end: 12/31
-----------------------
Date of reporting period: 7/1/04 -- 6/30/04
----------------------
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.
PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS
SEC 2451 (4-03) THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
CGM TRUST -- fILE NO. 811-82
CGM MUTUAL FUND
Proposed
By
Issuer For
or Was or
Proxies Voted July 2003 thru June 2004 Meeting Matter Security Vote Actual Against
Issuer Ticker CUSIP Date Voted On Holder Cast? Vote Mgt.
------ ------ ----- ---- -------- ------ ----- ---- ----
Altria Group, Inc. MO 02209S103 4/29/04 1. Elect 10 directors Issuer Yes For For
2. Ratify selection of Issuer Yes For For
independent auditors
Pricewaterhouse-Coopers
LLP for fiscal year ending
December 31, 2004
3. Stockholder proposal Security
regarding Philip Morris Holder Yes Against For
and way of more adequately
warning pregnant women
4. Stockholder proposal Security
regarding health risks Holder Yes Against For
associated with filters
5. Stockholder proposal Security
regarding political Holder Yes Against For
disclosure resolution
6. Stockholder proposal Security
regarding ceasing to Holder Yes Against For
promote light and
ultralight brands
7. Stockholder proposal Security
regarding voluntarily Holder Yes Against For
placing Canadian-Type
warnings on all its
cigarette packs worldwide.
8. Stockholder proposal Security
regarding amending the Holder Yes Against For
by-laws to require that an
independent director who
has not served as the
chief executive of the
company serve as board
chair.
Amerada Hess Corporation AHC 023551104 5/5/04 1. Elect four directors Issuer Yes For For
2. Ratify the selection by Issuer Yes For For
the audit committee of the
board of directors of
Ernst & Young LLP as
independent auditors for
fiscal year ending
December 31, 2004
3. Approve the company's Issuer Yes Against Against
Second Amended and
Restated 1995 Long-Term
Incentive Plan
4. Stockholder proposal to Security
establish an office of the Holder Yes Against For
board of directors for
stockholder
communications.
Avon Products, Inc. AVP 054303102 5/6/04 1. Elect three directors Issuer Yes For For
2. Ratify the appointment Issuer Yes For For
of PricewaterhouseCoopers
LLP as independent
accountants for 2004
3. Amend Restated Issuer Yes For For
Certificate of
Incorporation to increase
the number of authorized
shares of common stock
4. Shareholder proposal Security
requesting the elimination Holder Yes Against For
of the classification of
the Board of Directors
5. Shareholder proposal Security
requesting a report on the Holder Yes Against For
removal of parabens from
the Company's products
6. Shareholder proposal Security
requesting a report on the Holder Yes Against For
removal of dibutyl
phthalate from the
Company's products
Chelsea Property Group, Inc. CPG 163421100 6/10/04 1. Elect one director Issuer Yes For For
2. Amend the Articles of Issuer Yes For For
Incorporation to increase
common stock
3. Amend the Articles of Issuer Yes For For
Incorporation to
declassify the Board of
Directors
4. Approve the amendment Issuer Yes For For
to the 2000 Stock Option
Plan
5. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors for
the fiscal year ending
December 31, 2004
ConocoPhillips COP 20825C104 5/5/04 1. Elect six directors Issuer Yes For For
2. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors for
the Company for 2004
3. Approve the 2004 Issuer Yes Against Against
Omnibus Stock and
Performance Incentive Plan
4. Shareholder proposal Security
regarding officer & Holder Yes Against For
director compensation
5. Shareholder proposal Security
regarding executive Holder Yes Against For
compensation
6. Shareholder proposal Security
regarding ANWR drilling Holder Yes Against For
D. R. Horton, Inc. DHI 23331A109 1/29/04 1. Elect seven directors Issuer Yes For For
2. Amend the D.R. Horton, Issuer Yes For For
Inc. 2000 Incentive Plan
Deere & Company DE 244199105 2/25/04 1. Elect four directors Issuer Yes For For
INCO Limited N 453258402 4/21/04 1. Elect ten directors Issuer Yes For For
2. Approve the by-law Issuer Yes For For
confirmation resolution
3. Appoint Issuer Yes For For
PricewaterhouseCoopers LLP
as auditors
Lennar Corporation LEN 526057104 3/30/04 1. Elect three directors Issuer Yes For For
McDonald's Corporation MCD 580135101 5/20/04 1. Elect five directors Issuer Yes For For
2. Approve Ernst & Young Issuer Yes For For
LLP as the company's
auditors for 2004
3. Approve McDonald's Issuer Yes Against Against
Corporation amended and
restated 2001 omnibus
stock ownership plan
4. Approve McDonald's Issuer Yes For For
Corporation 2004 cash
incentive plan
Mohawk Industries, Inc. MHK 608190104 5/19/04 1. Elect four directors Issuer Yes For For
Petrolio Brasileiro S.A. - A1. Approve management Issuer Yes For For
PETROBRAS PBR 71654V408 3/29/04 report, the financial
statements and Audit
Committee's Opinion for
the fiscal year 2003
A2. Approve Capital Issuer Yes For For
Expenditure Budget for the
fiscal year 2004
A3. Approve distribution Issuer Yes For For
of results for fiscal year
2003
A4. Approve election of Issuer Yes For For
members of the Board of
Directors, Audit Committee
and their respective
substitutes
E1. Approve increase of Issuer Yes For For
capital stock
E2. Approve increase in Issuer Yes For For
limit of authorized
capital
E3. Approve establishment Issuer Yes For For
of the compensation of
management and effective
members of the audit
committee, as well as
their participation in the
profits
Phelps Dodge Corporation PD 717265102 5/28/04 1. Elect four directors Issuer Yes For For
2. Shareholder proposal Security
regarding charitable Holder Yes Against For
contributions
Potash Corporation of 1. Elect 12 directors Issuer Yes For For
Saskachewan Inc POT 73755L107 5/6/04 2. Appoint Deloitte & Issuer Yes For For
Touche LLP as auditors of
the corporation
3. Shareholder proposal Security
regarding executive Holder Yes Against For
compensation
Seagate Technology STX G7945J104 10/28/03 1. Elect eleven directors Issuer Yes For For
for terms expiring at the
2004 Annual General
Meeting of Shareholders
2. Approve the material Issuer Yes For For
terms of Seagate
Technology's annual
incentive bonus plan
3. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors of
Seagate Technology for the
year ending July 2, 2004
Starwood Hotels & Resorts 1. Elect three directors Issuer Yes For For
Worldwide, Inc. HOT 85590A203 5/7/04 2. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors for
2004
3. Approve the 2004 Issuer Yes Against Against
Long-Term Incentive
Compensation Plan
4. Approve an amendment to Issuer Yes For For
the Company's Charter to
declassify the Board of
Directors and provide for
the annual election of
directors
United States Steel Corporation X 912909108 4/27/04 1. Elect four directors Issuer Yes For For
2. Elect Issuer Yes For For
PricewaterhouseCoopers LLP
as independent auditors
Valero Energy Corporation VLO 91913Y100 4/29/04 1. Elect three directors Issuer Yes For For
2. Ratify selection of Issuer Yes For For
KPMG LLP as auditors for
2004
3. Shareholder proposal Security
regarding climate change Holder Yes Against For
resolution
CGM TRUST - File No. 811-82
CGM REALTY FUND
Proposed
By
Issuer For
or Was or
Proxies Voted July 2003 thru June 2004 Meeting Matter Security Vote Actual Against
Issuer Ticker CUSIP Date Voted On Holder Cast? Vote Mgt.
------ ------ ----- ---- -------- ------ ----- ---- ----
Brookfield Homes Corporation BHS 112723101 5/4/04 1. Elect nine directors Issuer Yes For For
2. Ratify the appointment Issuer Yes For For
of Deloitte & Touche LLP
as independent auditors
Centex Corporation/3333 1. Elect four directors Issuer Yes For For
Holding Corp. CTX 152312104 7/17/03 comprising a class of
directors to serve until
the Annual Meeting of
Stockholders in 2006, or
until their successors are
elected and qualified.
2. Approve the Centex Issuer Yes For For
Corporation 2003 Annual
Incentive Compensation
Plan
3. Approve the Centex Issuer Yes Against Against
Corporation 2003 Equity
Incentive Plan
4. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
the independent auditors
of Centex Corporation for
fiscal year 2004
Centex Corporation/3333 1. Amend Restated Articles Issuer Yes For For
Holding Corp. CTX 152312104 2/23/04 of Incorporation of Centex
Corporation to increase
the authorized shares of
common stock of Centex
from 100,000,000 to
300,000,000
2. Approve termination of Issuer Yes For For
the Nominee Agreement by
which the beneficial
interests in the 3333
Holding Corporation common
stock and in the warrants
to purchase Class B Units
of limited partnership
interest in Centex
Development Company, L.P.
trade in tandem with the
Centex Corporation common
stock
Chelsea Property Group, Inc. CPG 163421100 6/10/04 1. Elect one director Issuer Yes For For
2. Amend the Articles of Issuer Yes For For
Incorporation to increase
common stock
3. Amend the Articles of Issuer Yes For For
Incorporation to
declassify the Board of
Directors
4. Approve the amendment Issuer Yes For For
to the 2000 Stock Option
Plan
5. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors for
the fiscal year ending
December 31, 2004
D. R. Horton, Inc. DHI 23331A109 1/29/04 1. Elect seven directors Issuer Yes For For
2. Amend the D.R. Horton, Issuer Yes For For
Inc. 2000 Incentive Plan
Equity Inns, Inc. ENN 294703103 5/13/04 1. Elect four directors Issuer Yes For For
FelCor Lodging Trust 1. Elect four directors Issuer Yes For For
Incorporated FCH 31430F101 5/18/04 2. Ratify the appointment Issuer Yes For For
of PricewaterhouseCoopers
LLP as independent
auditors
Host Marriott Corporation HMT 44107P104 5/20/04 1. Elect three directors Issuer Yes For For
2.Ratify the appointment Issuer Yes For For
of KPMG LLP as indepdent
auditors to serve for 2004
3. Amend the Company's Issuer Yes For For
articles of incorporation
to de-classify the board
of directors
Hovnanian Enterprises, Inc. HOV 442487203 3/5/04 1. Elect nine directors of Issuer Yes For For
the Company for the
ensuing year to serve
until the next Annual
Meeting
2. Ratification of the Issuer Yes For For
selection of Ernst & Young
LLP as independent
accountants to examine
financial statements for
the year ended October 31,
2004
3. Approve an amendment to Issuer Yes For For
the Company's amended
Certificate of
Incorporation to increase
the total number of
authorized shares of all
classes of stock from
100,100,000 to
230,100,000, of which
200,000,000 shares will be
Class A Common Stock and
30,000,000 shares will be
shares of Class B Common
Stock and 100,000 will be
Preferred Stock
4. Approve Amended and Issuer Yes For For
Restated Senior Executive
Short-Term Incentive Plan
5. Approve Amended and Issuer Yes Against Against
Restated 1999 Stock
Incentive Plan
Innkeepers USA Trust KPA 4576J0104 5/5/04 1. Elect three Class I Issuer Yes For For
trustees
LaSalle Hotel Properties LHO 517942108 4/22/04 1. Elect two Class III Issuer Yes For For
trustees to serve until
the 2007 Annual Meeting of
Shareholders and until
their successors are duly
elected and qualified
2. Ratify the selection of Issuer Yes For For
KPMG LLP as independent
auditors for the fiscal
year ending December 31,
2004
Lennar Corporation LEN 526057302 3/30/04 1. Elect three directors Issuer Yes For For
William Lyon Homes WLS 552074106 5/10/04 1. Elect nine directors Issuer Yes For For
2. Ratify Ernst & Young Issuer Yes For For
LLP as the company's
auditors for the fiscal
year ending December 31,
2004
M.D.C. Holdings, Inc. MDC 552676108 4/26/04 1. Elect two directors Issuer Yes For For
2. Shareowner proposal Security
regarding preparation of Holder Yes Against For
sustainability report
Meritage Corporation MTH 59001A102 5/12/04 1. Elect three directors Issuer Yes For For
2 Approve amendment to Issuer Yes Against Against
company's stock option
plan
Pulte Homes, Inc. PHM 745867101 5/13/04 1. Elect five directors Issuer Yes For For
2. Adopt the Pulte Homes Issuer Yes Against Against
Inc. 2004 Stock Incentive
Plan
3. Shareholder proposal Security
regarding the selection of Holder Yes Against For
independent auditor be
submitted to the
shareholders for
ratification at annual
meetings
The Ryland Group, Inc. RYL 783764103 4/21/04 1. Elect 11 directors Issuer Yes For For
2. Approve The Ryland Issuer Yes Against Against
Group, Inc. 2004
Non-employee Director
Equity Plan
3. Stockholder proposal Security
regarding the preparation Holder Yes Against For
of a GRI-based
sustainability report
Standard Pacific Corp. SPF 85375C101 5/12/04 1. Elect three directors Issuer Yes For For
2. Approve amendment and Issuer Yes Against Against
Restatement of 2000 Stock
Incentive Plan
Toll Brothers, Inc. TOL 889478103 1/23/04 1. Elect four directors to Issuer Yes For For
hold office until the 2007
Annual Meeting of
Stockholders and until
their respective
successors are duly
elected and qualified
2. Approve the Issuer Yes For For
re-appointment of Ernst &
Young LLP as the Company's
independent auditors for
the 2004 fiscal year
WCI Communities, Inc. WCI 92923C104 5/20/04 1. Elect three directors Issuer Yes For For
2. Approve the 2004 Stock Issuer Yes Against Against
Incentive Plan
Winston Hotels, Inc. WXH 97563A102 5/4/04 1. Elect seven directors Issuer Yes For For
2. Ratify appointment of Issuer Yes For For
PricewaterhouseCoopers LLP
as independent accountants
for fiscal year ending
December 31, 2004
CGM TRUST - File No. 811-82
CGM FOCUS FUND
Proposed
By
Issuer For
or Was or
Proxies Voted July 2003 thru June 2004 Meeting Matter Security Vote Actual Against
Issuer Ticker CUSIP Date Voted On Holder Cast? Vote Mgt.
------ ------ ----- ---- -------- ------ ----- ---- ----
Amerada Hess Corporation AHC 023551104 5/5/04 1. Elect four directors Issuer Yes For For
2. Ratify the selection by Issuer Yes For For
the audit committee of the
board of directors of
Ernst & Young LLP as
independent auditors for
fiscal year ending
December 31, 2004
3. Approve the company's Issuer Yes Against Against
Second Amended and
Restated 1995 Long-Term
Incentive Plan
4. Stockholder proposal to Security
establish an office of the Holder Yes Against For
board of directors for
stockholder
communications.
Companhia Siderurgica Nacional SID 20440W105 4/29/04 1. Confirmation of the Issuer Yes For For
reassessment of property,
plan and equipment
approved in the annual and
special shareholders
meeting held on April 29,
2003
2. Examining the managers' Issuer Yes For For
accounts, examine, discuss
and vote the financial
statements and
administration report
3. Approval of the Issuer Yes For For
destination of the 2003
business year's net profit
and distribution of
dividends
4. Approval of capital Issuer Yes For For
budget
5. Election of the board Issuer Yes For For
of director's members
6. Establishment of the Issuer Yes For For
annual global remuneration
of the board of directors
and of executives
7. Change of the Issuer Yes For For
newspapers in which the
company publishes its
legal matters
8A. Approval of the Issuer Yes For For
amendment of the 2nd
article of the bylaws
8B. Approval of the split Issuer Yes For For
of shares representing the
company's capital stock
ConocoPhillips COP 20825C104 5/5/04 1. Elect six directors Issuer Yes For For
2. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors for
the Company for 2004
3. Approve the 2004 Issuer Yes Against Against
Omnibus Stock and
Performance Incentive Plan
4. Shareholder proposal Security
regarding officer & Holder Yes Against For
director compensation
5. Shareholder proposal Security
regarding executive Holder Yes Against For
compensation
6. Shareholder proposal Security
regarding ANWR drilling Holder Yes Against For
D. R. Horton, Inc. DHI 23331A109 1/29/04 1. Elect seven directors Issuer Yes For For
2. Amend the D.R. Horton, Issuer Yes For For
Inc. 2000 Incentive Plan
Deere & Company DE 244199105 2/25/04 1. Elect four directors Issuer Yes For For
Emerson Radio Corp. MSN 291087203 9/4/03 1. Elect five directors to Issuer Yes For For
serve for a one-year term
Fleetwood Enterprises, Inc. FLE 339099103 9/9/03 1. Elect four directors to Issuer Yes For For
serve three-year terms
ending in the year 2006
and until their successors
are elected and qualified
2. Approval of shareholder Security
proposal regarding the Holder Yes Against For
annual election of the
entire Board of Directors
Hovnanian Enterprises, Inc. HOV 442487203 3/5/04 1. Elect nine directors of Issuer Yes For For
the Company for the
ensuing year to serve
until the next Annual
Meeting
2. Ratification of the Issuer Yes For For
selection of Ernst & Young
LLP as independent
accountants to examine
financial statements for
the year ended October 31,
2004
3. Approve an amendment to Issuer Yes For For
the Company's amended
Certificate of
Incorporation to increase
the total number of
authorized shares of all
classes of stock from
100,100,000 to
230,100,000, of which
200,000,000 shares will be
Class A Common Stock and
30,000,000 shares will be
shares of Class B Common
Stock and 100,000 will be
Preferred Stock
4. Approve Amended and Issuer Yes For For
Restated Senior Executive
Short-Term Incentive Plan
5. Approve Amended and Issuer Yes Against Against
Restated 1999 Stock
Incentive Plan
INCO Limited N 453258402 4/21/04 1. Elect ten directors Issuer Yes For For
2. Approve the by-law Issuer Yes For For
confirmation resolution
3. Appoint Issuer Yes For For
PricewaterhouseCoopers LLP
as auditors
International Steel Group Inc. ISG 460377104 5/26/04 1. Elect two directors Issuer Yes For For
2. Ratify the appointment Issuer Yes For For
of KPMG LLP as independent
auditors
Lennar Corporation LEN 526057104 3/30/04 1. Elect three directors Issuer Yes For For
Meritage Corporation MTH 59001A102 5/12/04 1. Elect three directors Issuer Yes For For
2 Approve amendment to Issuer Yes Against Against
company's stock option
plan
Mohawk Industries, Inc. MHK 608190104 5/19/04 1. Elect four directors Issuer Yes For For
Open Joint Stock Company VIP 68370R109 5/26/04 1. Elect nine directors Issuer Yes For For
"Vimpel-Communications" 2. Approve 2003 Vimpelcom Issuer Yes For For
Annual Report
3. Approve Vimpelcom's Issuer Yes For For
accounting statements,
including profit and loss
statement for 2003
4. Allocate profits and Issuer Yes For For
losses resulting from 2003
operations
5. Elect audit commission Issuer Yes For For
6. Approve amended and Issuer Yes For For
restated regulations of
the audit commission
7. Approve external Issuer Yes For For
auditors
8. Approve series of Issuer Yes For For
interested party
transactions relating to
debt financing and/or
leases to Vimpelcom-Region
9. Approve reorganization Issuer Yes For For
of Vimpelcom through
statutory merger of KB
Implus into Vimpelcom and
of the merger agreement
between Vimpelcom and KB
Impuls.
10. Approve statutory Issuer Yes For For
merger (including related
merger agreement between
Vimpelcom and KB Impuls),
as an interested party
transaction
Petrolio Brasileiro S.A. - A1. Approve management Issuer Yes For For
PETROBRAS PBR 71654V408 3/29/04 report, the financial
statements and Audit
Committee's Opinion for
the fiscal year 2003
A2. Approve Capital Issuer Yes For For
Expenditure Budget for the
fiscal year 2004
A3. Approve distribution Issuer Yes For For
of results for fiscal year
2003
A4. Approve election of Issuer Yes For For
members of the Board of
Directors, Audit Committee
and their respective
substitutes
E1. Approve increase of Issuer Yes For For
capital stock
E2. Approve increase in Issuer Yes For For
limit of authorized
capital
E3. Approve establishment Issuer Yes For For
of the compensation of
management and effective
members of the audit
committee, as well as
their participation in the
profits
Phelps Dodge Corporation PD 717265102 5/28/04 1. Elect four directors Issuer Yes For For
2. Shareholder proposal Security
regarding charitable Holder Yes Against For
contributions
Pulte Homes, Inc. PHM 745867101 5/13/04 1. Elect five directors Issuer Yes For For
2. Adopt the Pulte Homes Issuer Yes Against Against
Inc. 2004 Stock Incentive
Plan
3. Shareholder proposal Security
regarding the selection of Holder Yes Against For
independent auditor be
submitted to the
shareholders for
ratification at annual
meetings
Schnitzer Steel Industries, Inc. SCHN 806882106 1/26/04 1. Elect ten directors Issuer Yes For For
2. Shareholder proposal Security
regarding composition of Holder Yes Against For
the Board of Directors
Southern Peru Copper Corporation PCU 843611104 4/29/04 1. Elect two directors Issuer Yes For For
2. Ratify the audit Issuer Yes For For
committee's selection of
PricewaterhouseCoopers
LLP as the independent
accountants for 2004
Starwood Hotels & Resorts 1. Elect three directors Issuer Yes For For
Worldwide, Inc. HOT 85590A203 5/7/04 2. Ratify the appointment Issuer Yes For For
of Ernst & Young LLP as
independent auditors for
2004
3. Approve the 2004 Issuer Yes Against Against
Long-Term Incentive
Compensation Plan
4. Approve an amendment to Issuer Yes For For
the Company's Charter to
declassify the Board of
Directors and provide for
the annual election of
directors
Thor Industries, Inc. THO 885160101 12/5/03 1. Elect three directors Issuer Yes For For
2. Approve amendment to Issuer Yes For For
the Company's Certificate
of Incorporation to
increase the authorized
number of shares of common
stock from 40,000,000 to
250,000,000
3. Approve Thor Issuer Yes For For
Industries, Inc. Annual
Incentive Plan
Toll Brothers, Inc. TOL 889478103 1/23/04 1. Elect four directors to Issuer Yes For For
hold office until the 2007
Annual Meeting of
Stockholders and until
their respective
successors are duly
elected and qualified
2. Approve the Issuer Yes For For
re-appointment of Ernst &
Young LLP as the Company's
independent auditors for
the 2004 fiscal year
United States Steel Corporation X 912909108 4/27/04 1. Elect four directors Issuer Yes For For
2. Elect Issuer Yes For For
PricewaterhouseCoopers LLP
as independent auditors
Valero Energy Corporation VLO 91913Y100 4/29/04 1. Elect three directors Issuer Yes For For
2. Ratify selection of Issuer Yes For For
KPMG LLP as auditors for
2004
3. Shareholder proposal Security
regarding climate change Holder Yes Against For
resolution
Western Digital Corporation WDC 958102105 11/20/03 1. Elect nine directors to Issuer Yes For For
serve until the next
Annual Meeting of
Shareholders and until
their successors are duly
elected and qualified
2. Approve an amendment to Issuer Yes Against Against
the Company's 1993
Employee Stock Purchase
Plan to increase by
3,000,000 the number of
shares of common stock
available for issuance
under the plan
3. Ratify the selection of Issuer Yes For For
KPMG LLP as independent
accountants for the
Company for the fiscal
year ending July 2, 2004
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) CGM TRUST
------------------------------------------------------------------
By (Signature and Title)* Leslie A. Lake, Vice President & Secretary
-----------------------------------------------------
Date 8/30/04
--------------------------------------------------------------------------
* Print the name and title of each signing officer under his or her signature.