******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-07749
Reporting Period: 07/01/2003 - 06/30/2004
T. Rowe Price Financial Services Fund, Inc.
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-07749
T. Rowe Price Financial Services Fund, Inc.
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(Exact name of registrant as specified in charter)
100 East Pratt Street Baltimore, Maryland 21202
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(Address of principal executive offices)
Stephen V. Booth
100 East Pratt Street
Baltimore, Maryland 21202
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(Name and address of agent for service)
Registrant's telephone number, including area code: (410) 345-4762
Date of fiscal year end: 12/31
Date of reporting period: 7/1/03 to 6/30/04
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) T. Rowe Price Financial Services Fund, Inc.
By (Signature and Title) /s/ Stephen V. Booth
Stephen V. Booth, Vice-President
Date August 11, 2004
=========================== FINANCIAL SERVICES FUND ============================
ABBEY NATIONAL PLC
Ticker: ABYNY Security ID: GB0000044551
Meeting Date: APR 22, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Approve Remuneration Report For For Management
3 Approve Final Dividend of 16.67 Pence Per For For Management
Share
4.1 Elect Priscilla Vacassin as Director For For Management
4.2 Elect Angus Porter as Director For For Management
4.3 Elect Tony Wyatt as Director For For Management
4.4 Elect Gerard Murphy as Director For For Management
4.5 Elect Geoffrey Cooper as Director For For Management
5.1 Re-elect Yasmin Jetha as Director For For Management
5.2 Re-elect Mark Pain as Director For For Management
5.3 Re-elect Leon Allen as Director For For Management
6 Re-appoint Deloitte and Touche LLP as For For Management
Auditors of the Company
7 Authorise Board to Fix Remuneration of For For Management
the Auditors
8 Authorise EU Political Donations up to For For Management
GBP 150,000 and EU Political Expenditure
up to GBP 150,000
9 Authorise Issuance of Equity or For For Management
Equity-Linked Securities with Pre-emptive
Rights up to GBP 703,722,815; USD
9,820,000; and EUR 10,000,000
10 Approve Abbey Performance Share Plan For For Management
11 Authorise 146,277,184 Ordinary Shares for For For Management
Market Purchase
12.1 Authorise 125,000,000 8.625% Sterling For For Management
Preference Shares for Market Purchase
12.2 Authorise 200,000,000 10.375% Sterling For For Management
Preference Shares for Market Purchase
12.3 Authorise 18,000,000 Series B Dollar For For Management
Preference Shares for Market Purchase
13 Authorise Issuance of Equity or For For Management
Equity-Linked Securities without
Pre-emptive Rights up to Aggregate
Nominal Amount of GBP 7,313,859
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AFFILIATED MANAGERS GROUP, INC.
Ticker: AMG Security ID: 008252108
Meeting Date: JUN 8, 2004 Meeting Type: Annual
Record Date: APR 21, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director William J. Nutt For For Management
1.2 Elect Director Sean M. Healey For For Management
1.3 Elect Director Richard E. Floor For For Management
1.4 Elect Director Stephen J. Lockwood For For Management
1.5 Elect Director Harold J. Meyerman For For Management
1.6 Elect Director Robert C. Puff, Jr. For For Management
1.7 Elect Director Dr. Rita M. Rodriguez For For Management
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AMBAC FINANCIAL GROUP, INC.
Ticker: ABK Security ID: 023139108
Meeting Date: MAY 4, 2004 Meeting Type: Annual
Record Date: MAR 9, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Phillip B. Lassiter For For Management
1.2 Elect Director Michael A. Callen For For Management
1.3 Elect Director Renso L. Caporali For For Management
1.4 Elect Director Jill M. Considine For For Management
1.5 Elect Director Richard Dulude For For Management
1.6 Elect Director Robert J. Genader For For Management
1.7 Elect Director W. Grant Gregory For For Management
1.8 Elect Director Laura S. Unger For For Management
1.9 Elect Director Henry D. G. Wallace For For Management
2 Increase Authorized Common Stock For For Management
3 Amend Non-Employee Director Omnibus Stock For For Management
Plan
4 Ratify Auditors For For Management
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AMERICAN EXPRESS CO.
Ticker: AXP Security ID: 025816109
Meeting Date: APR 26, 2004 Meeting Type: Annual
Record Date: FEB 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Daniel F. Akerson For For Management
1.2 Elect Director Charlene Barshefsky For For Management
1.3 Elect Director William G. Bowen For For Management
1.4 Elect Director Ursula M. Burns For For Management
1.5 Elect Director Kenneth I. Chenault For For Management
1.6 Elect Director Peter R. Dolan For For Management
1.7 Elect Director Vernon E. Jordan, Jr. For For Management
1.8 Elect Director Jan Leschly For For Management
1.9 Elect Director Richard A. McGinn For For Management
1.10 Elect Director Edward D. Miller For For Management
1.11 Elect Director Frank P. Popoff For For Management
1.12 Elect Director Robert D. Walter For For Management
2 Ratify Auditors For For Management
3 Establish Term Limits for Directors Against Against Shareholder
4 Report on Political Against Against Shareholder
Contributions/Activities
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AMERICAN INTERNATIONAL GROUP, INC.
Ticker: AIG Security ID: 026874107
Meeting Date: MAY 19, 2004 Meeting Type: Annual
Record Date: MAR 26, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director M. Bernard Aidinoff For For Management
1.2 Elect Director Pei-Yuan Chia For For Management
1.3 Elect Director Marshall A. Cohen For For Management
1.4 Elect Director Willaim S. Cohen For For Management
1.5 Elect Director Martin S. Feldstein For For Management
1.6 Elect Director Ellen V. Futter For For Management
1.7 Elect Director Maurice R. Greenberg For For Management
1.8 Elect Director Carla A. Hills For For Management
1.9 Elect Director Frank J. Hoenemeyer For For Management
1.10 Elect Director Richard C. Holbrooke For For Management
1.11 Elect Director Donald P. Kanak For For Management
1.12 Elect Director Howard I. Smith For For Management
1.13 Elect Director Martin J. Sullivan For For Management
1.14 Elect Director Edmund S.W. Tse For For Management
1.15 Elect Director Frank G. Zarb For For Management
2 Approve Executive Incentive Bonus Plan For For Management
3 Approve Non-Employee Director Stock For For Management
Option Plan
4 Ratify Auditors For For Management
5 Report on Political Against Against Shareholder
Contributions/Activities
6 Divest from Tobacco Equities Against Against Shareholder
7 Link Executive Compensation to Predatory Against Against Shareholder
Lending
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AXIS CAPITAL HOLDINGS LTD
Ticker: AXS Security ID: G0692U109
Meeting Date: MAY 6, 2004 Meeting Type: Annual
Record Date: MAR 31, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Jurgen Grupe For For Management
1.2 Elect Director Maurice A. Keane For For Management
1.3 Elect Director Edward J. Kelly, III For For Management
1.4 Elect Director Andrew H. Rush For For Management
1.5 Elect Director Henry Smith For For Management
1.6 Elect Director Jeffrey C. Walker For For Management
1.7 Elect Director Michael A. Butt For For Management
1.8 Elect Director John R. Charman For For Management
1.9 Elect Director Andrew Cook For For Management
1.10 Elect Director John R. Charman* For For Management
1.11 Elect Director Andrew Cook* For For Management
1.12 Elect Director Michael J. Weetch For For Management
2 TO AMEND THE BY-LAWS OF AXIS CAPITAL For For Management
HOLDINGS LIMITED
3 Ratify Auditors For For Management
4 Ratify Auditors For For Management
5 TO AUTHORIZE THE BOARD OF DIRECTORS OF For For Management
AXIS SPECIALTY HOLDINGS IRELAND LIMITED
TO SET THE FEES FOR DELOITTE & TOUCHE
6 TO APPROVE THE FINANCIAL STATEMENTS OF For For Management
AXIS SPECIALTY HOLDINGS IRELAND LIMITED
7 TO AUTHORIZE AXIS SPECIALTY HOLDINGS For For Management
IRELAND LIMITED TO AUTHORIZE THE BOARD OF
AXIS SPECIALTY EUROPE LIMITED TO SET THE
FEES FOR DELOITTE & TOUCHE, INDEPENDENT
AUDITORS
8 TO AUTHORIZE AXIS SPECIALTY HOLDINGS For For Management
IRELAND LIMITED TO VOTE TO APPROVE THE
FINANCIAL STATEMENTS OF AXIS SPECIALTY
EUROPE LIMITED
9 TO AUTHORIZE AXIS SPECIALTY HOLDINGS For For Management
IRELAND LIMITED TO AUTHORIZE THE BOARD OF
AXIS RE LIMITED TO SET THE FEES FOR
DELOITTE & TOUCHE, INDEPENDENT AUDITORS
10 TO AUTHORIZE AXIS SPECIALTY HOLDINGS For For Management
IRELAND LIMITED TO VOTE TO APPROVE THE
FINANCIAL STATEMENTS OF AXIS RE LIMITED
11 Ratify Auditors For For Management
12 TO APPROVE THE FINANCIAL STATEMENTS OF For For Management
AXIS SPECIALTY UK LIMITED
13 Ratify Auditors For For Management
14 TO APPROVE THE FINANCIAL STATEMENTS OF For For Management
AXIS SPECIALTY UK HOLDINGS LIMITED
15 Ratify Auditors For For Management
16 TO APPROVE THE FINANCIAL STATEMENTS OF For For Management
AXIS SPECIALTY (BARBADOS) LIMITED
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BANK OF NEW YORK CO., INC., THE
Ticker: BK Security ID: 064057102
Meeting Date: APR 13, 2004 Meeting Type: Annual
Record Date: FEB 23, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Frank J. Biondi, Jr. For For Management
1.2 Elect Director Nicholas M. Donofrio For For Management
1.3 Elect Director Alan R. Griffith For For Management
1.4 Elect Director Gerald L. Hassell For For Management
1.5 Elect Director Richard J. Kogan For For Management
1.6 Elect Director Michael J. Kowalski For For Management
1.7 Elect Director John A. Luke, Jr. For For Management
1.8 Elect Director John C. Malone For For Management
1.9 Elect Director Paul Myners, CBE For For Management
1.10 Elect Director Robert C. Pozen For For Management
1.11 Elect Director Catherine A. Rein For For Management
1.12 Elect Director Thomas A. Renyi For For Management
1.13 Elect Director William C. Richardson For For Management
1.14 Elect Director Brian L. Roberts For For Management
1.15 Elect Director Samuel C. Scott III For For Management
2 Ratify Auditors For For Management
3 Amend Executive Incentive Bonus Plan For For Management
4 Report on Political Contributions Against Against Shareholder
5 Limit Executive Compensation Against Against Shareholder
6 Limit Composition of Committee to Against Against Shareholder
Independent Directors
7 Submit Shareholder Rights Plan (Poison Against For Shareholder
Pill) to Shareholder Vote
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BERKSHIRE HATHAWAY INC.
Ticker: BRK.A Security ID: 084670108
Meeting Date: MAY 1, 2004 Meeting Type: Annual
Record Date: MAR 3, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Warren E. Buffett For Withhold Management
1.2 Elect Director Charles T. Munger For Withhold Management
1.3 Elect Director Susan T. Buffett For Withhold Management
1.4 Elect Director Howard G. Buffett For Withhold Management
1.5 Elect Director Malcolm G. Chace For For Management
1.6 Elect Director David S. Gottesman For For Management
1.7 Elect Director Charlotte Guyman For For Management
1.8 Elect Director Donald R. Keough For For Management
1.9 Elect Director Thomas S. Murphy For For Management
1.10 Elect Director Ronald L. Olson For Withhold Management
1.11 Elect Director Walter Scott, Jr. For Withhold Management
2 Report on Political Against Against Shareholder
Contributions/Activities
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BOSTON PRIVATE FINANCIAL HOLDINGS, INC.
Ticker: BPFH Security ID: 101119105
Meeting Date: APR 29, 2004 Meeting Type: Annual
Record Date: MAR 3, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Eugene S. Colangelo For For Management
1.2 Elect Director Harold A. Fick For For Management
1.3 Elect Director Allen L. Sinai For For Management
1.4 Elect Director Timothy L. Vaill For For Management
2 Approve Omnibus Stock Plan For For Management
3 Approve Executive Incentive Bonus Plan For For Management
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CHARLES SCHWAB CORP., THE
Ticker: SCH Security ID: 808513105
Meeting Date: MAY 17, 2004 Meeting Type: Annual
Record Date: MAR 18, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Donald G. Fisher For For Management
1.2 Elect Director Paula A. Sneed For For Management
1.3 Elect Director David B. Yoffie For For Management
2 Approve Omnibus Stock Plan For For Management
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CITIGROUP INC.
Ticker: C Security ID: 172967101
Meeting Date: APR 20, 2004 Meeting Type: Annual
Record Date: FEB 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director C. Michael Armstrong For For Management
1.2 Elect Director Alain J.P. Belda For For Management
1.3 Elect Director George David For For Management
1.4 Elect Director Kenneth T. Derr For For Management
1.5 Elect Director John M. Deutch For For Management
1.6 Elect Director Roberto Hernandez Ramirez For For Management
1.7 Elect Director Ann Dibble Jordan For For Management
1.8 Elect Director Dudley C. Mecum For For Management
1.9 Elect Director Richard D. Parsons For For Management
1.10 Elect Director Andrall E. Pearson For For Management
1.11 Elect Director Charles Prince For For Management
1.12 Elect Director Robert E. Rubin For For Management
1.13 Elect Director Franklin A. Thomas For For Management
1.14 Elect Director Sanford I. Weill For For Management
1.15 Elect Director Robert B. Willumstad For For Management
2 Ratify Auditors For For Management
3 Limit Executive Compensation Against Against Shareholder
4 Report on Political Against Against Shareholder
Contributions/Activities
5 Prohibit Awards to Executives Against Against Shareholder
6 Separate Chairman and CEO Positions Against Against Shareholder
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CITIZENS BANKING CORP.
Ticker: CBCF Security ID: 174420109
Meeting Date: APR 22, 2004 Meeting Type: Annual
Record Date: FEB 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard J. Dolinski For For Management
1.2 Elect Director William R. Hartman For For Management
1.3 Elect Director Stephen J. Lazaroff For For Management
1.4 Elect Director Kendall B. Williams For For Management
1.5 Elect Director William C. Shedd For For Management
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COMERICA INC.
Ticker: CMA Security ID: 200340107
Meeting Date: MAY 18, 2004 Meeting Type: Annual
Record Date: MAR 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Ralph W. Babb, Jr. For For Management
1.2 Elect Director James F. Cordes For For Management
1.3 Elect Director Peter D. Cummings For For Management
1.4 Elect Director Todd W. Herrick For For Management
1.5 Elect Director William P. Vititoe For For Management
1.6 Elect Director Kenneth L. Way For For Management
2 Approve Employee Stock Purchase Plan For For Management
3 Approve Non-Employee Director Omnibus For For Management
Stock Plan
4 Ratify Auditors For For Management
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CREDIT SUISSE GROUP (FORMERLY CS HOLDING)
Ticker: CSR Security ID: CH0012138530
Meeting Date: APR 30, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Approve Discharge of Board and Senior For For Management
Management
3.1 Approve Allocation of Income and Omission For For Management
of Dividends
3.2 Approve CHF 597.5 Million Reduction in For For Management
Share Capital via Reduction in Par Value
and Repayment to Shareholders
4.1 Reelect Thomas Bell and Aziz Syriani as For For Management
Directors; Elect Peter Weibel, Noreen
Doyle, and David Syz as Directors
4.2 Reelect KPMG Klynveld Peat Marwick For For Management
Goerdeler SA as Auditors
4.3 Reelect BDO Sofirom as Special Auditors For For Management
5.1 Amend Articles Re: Submission of For For Management
Shareholder Proposals
5.2 Amend Articles Re: Delete Provisions For For Management
Concerning Contributions In Kind
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FANNIE MAE
Ticker: FNM Security ID: 313586109
Meeting Date: MAY 25, 2004 Meeting Type: Annual
Record Date: APR 6, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stephen B. Ashley For For Management
1.2 Elect Director Kenneth M. Duberstein For For Management
1.3 Elect Director Thomas P. Gerrity For For Management
1.4 Elect Director Timothy Howard For For Management
1.5 Elect Director Ann Korologos For For Management
1.6 Elect Director Frederic V. Malek For For Management
1.7 Elect Director Donald B. Marron For For Management
1.8 Elect Director Daniel H. Mudd For For Management
1.9 Elect Director Anne M. Mulcahy For For Management
1.10 Elect Director Joe K. Pickett For For Management
1.11 Elect Director Leslie Rahl For For Management
1.12 Elect Director Franklin D. Raines For For Management
1.13 Elect Director H. Patrick Swygert For For Management
2 Ratify Auditors For For Management
3 Amend Employee Stock Purchase Plan For For Management
4 Provide for Cumulative Voting Against For Shareholder
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FRANKLIN RESOURCES, INC.
Ticker: BEN Security ID: 354613101
Meeting Date: JAN 29, 2004 Meeting Type: Annual
Record Date: DEC 1, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Harmon E. Burns For For Management
1.2 Elect Director Charles Crocker For For Management
1.3 Elect Director Robert D. Joffe For For Management
1.4 Elect Director Charles B. Johnson For For Management
1.5 Elect Director Rupert H. Johnson, Jr. For For Management
1.6 Elect Director Thomas H. Kean For For Management
1.7 Elect Director James A. McCarthy For For Management
1.8 Elect Director Chutta Ratnathicam For For Management
1.9 Elect Director Peter M. Sacerdote For For Management
1.10 Elect Director Anne M. Tatlock For For Management
1.11 Elect Director Louis E. Woodworth For For Management
2 Ratify Auditors For For Management
3 Approve Executive Incentive Bonus Plan For For Management
4 Amend Executive Incentive Bonus Plan For For Management
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FREDDIE MAC
Ticker: FRE Security ID: 313400301
Meeting Date: MAR 31, 2004 Meeting Type: Annual
Record Date: FEB 20, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Joan E. Donoghue For For Management
1.2 Elect Director Michelle Engler For For Management
1.3 Elect Director Richard Karl Goeltz For For Management
1.4 Elect Director George D. Gould For For Management
1.5 Elect Director Henry Kaufman For For Management
1.6 Elect Director John B. Mccoy For For Management
1.7 Elect Director Shaun F. O'Malley For For Management
1.8 Elect Director Ronald F. Poe For For Management
1.9 Elect Director Stephen A. Ross For For Management
1.10 Elect Director Donald J. Schuenke For For Management
1.11 Elect Director Christina Seix For For Management
1.12 Elect Director Richard F. Syron For For Management
1.13 Elect Director William J. Turner For For Management
2 Ratify Auditors For For Management
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GOLDMAN SACHS GROUP, INC., THE
Ticker: GS Security ID: 38141G104
Meeting Date: MAR 31, 2004 Meeting Type: Annual
Record Date: FEB 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Lloyd C. Blankfein For For Management
1.2 Elect Director Lord Browne Of Madingley For For Management
1.3 Elect Director Claes Dahlback For For Management
1.4 Elect Director James A. Johnson For For Management
1.5 Elect Director Lois D. Juliber For For Management
2 Ratify Auditors For For Management
3 Declassify the Board of Directors Against For Shareholder
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HARTFORD FINANCIAL SERVICES GROUP, INC., THE
Ticker: HIG Security ID: 416515104
Meeting Date: MAY 20, 2004 Meeting Type: Annual
Record Date: MAR 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Ramani Ayer For For Management
1.2 Elect Director Ronald E. Ferguson For For Management
1.3 Elect Director Edward J. Kelly, III For For Management
1.4 Elect Director Paul G. Kirk, Jr. For For Management
1.5 Elect Director Thomas M. Marra For For Management
1.6 Elect Director Gail J. McGovern For For Management
1.7 Elect Director Robert W. Selander For For Management
1.8 Elect Director Charles B. Strauss For For Management
1.9 Elect Director H. Patrick Swygert For For Management
1.10 Elect Director Gordon I. Ulmer For For Management
1.11 Elect Director David K. Zwiener For For Management
2 Ratify Auditors For For Management
3 Limit Executive Compensation Against Against Shareholder
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JPMORGAN CHASE & CO.
Ticker: JPM Security ID: 46625H100
Meeting Date: MAY 25, 2004 Meeting Type: Annual
Record Date: APR 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2.1 Elect Director Hans W. Becherer For For Management
2.2 Elect Director Frank A. Bennack, Jr. For For Management
2.3 Elect Director John H. Biggs For For Management
2.4 Elect Director Lawrence A. Bossidy For For Management
2.5 Elect Director Ellen V. Futter For For Management
2.6 Elect Director William H. Gray, III For For Management
2.7 Elect Director William B. Harrison, Jr For For Management
2.8 Elect Director Helene L. Kaplan For For Management
2.9 Elect Director Lee R. Raymond For For Management
2.10 Elect Director John R. Stafford For For Management
3 Ratify Auditors For For Management
4 Amend Executive Incentive Bonus Plan For For Management
5 Adjourn Meeting For Against Management
6 Establish Term Limits for Directors Against Against Shareholder
7 Charitable Contributions Against Against Shareholder
8 Political Contributions Against Against Shareholder
9 Separate Chairman and CEO Positions Against For Shareholder
10 Provide Adequate Disclosure for over the Against Against Shareholder
counter Derivatives
11 Auditor Independence Against Against Shareholder
12 Submit Non-Employee Director Compensation Against Against Shareholder
to Vote
13 Report on Pay Disparity Against Against Shareholder
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KEYCORP
Ticker: KEY Security ID: 493267108
Meeting Date: MAY 13, 2004 Meeting Type: Annual
Record Date: MAR 16, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Alexander M. Cutler For For Management
1.2 Elect Director Douglas J. McGregor For For Management
1.3 Elect Director Eduardo R. Menasce For For Management
1.4 Elect Director Henry L. Meyer III For For Management
1.5 Elect Director Peter G. Ten Eyck, II For For Management
2 Approve Omnibus Stock Plan For For Management
3 Approve Executive Incentive Bonus Plan For For Management
4 Ratify Auditors For For Management
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LEGG MASON, INC.
Ticker: LM Security ID: 524901105
Meeting Date: JUL 22, 2003 Meeting Type: Annual
Record Date: MAY 23, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Carl Bildt For For Management
1.2 Elect Director Harry M. Ford, Jr. For For Management
1.3 Elect Director John E. Koerner, III For For Management
1.4 Elect Director Peter F. O'Malley For For Management
1.5 Elect Director James E. Ukrop For For Management
1.6 Elect Director Dennis R. Beresford For For Management
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LEHMAN BROTHERS HOLDINGS INC.
Ticker: LEH Security ID: 524908100
Meeting Date: APR 2, 2004 Meeting Type: Annual
Record Date: FEB 13, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Roger S. Berlind For For Management
1.2 Elect Director Marsha Johnson Evans For For Management
1.3 Elect Director Sir Christopher Gent For For Management
1.4 Elect Director Dina Merrill For For Management
2 Ratify Auditors For For Management
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MARSH & MCLENNAN COMPANIES, INC.
Ticker: MMC Security ID: 571748102
Meeting Date: MAY 20, 2004 Meeting Type: Annual
Record Date: MAR 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Lewis W. Bernard For For Management
1.2 Elect Director Mathis Cabiallavetta For For Management
1.3 Elect Director Zachary W. Carter For For Management
1.4 Elect Director Robert F. Erburu For For Management
1.5 Elect Director Oscar Fanjul For For Management
1.6 Elect Director Ray J. Groves For For Management
2 Ratify Auditors For For Management
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MELLON FINANCIAL CORP.
Ticker: MEL Security ID: 58551A108
Meeting Date: APR 20, 2004 Meeting Type: Annual
Record Date: FEB 6, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Jared L. Cohon For For Management
1.2 Elect Director Ira J. Gumberg For For Management
1.3 Elect Director Martin G. Mcguinn For For Management
1.4 Elect Director David S. Shapira For For Management
1.5 Elect Director John P. Surma For For Management
1.6 Elect Director Edward J. Mcaniff For For Management
2 Amend Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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MERRILL LYNCH & CO., INC.
Ticker: MER Security ID: 590188108
Meeting Date: APR 23, 2004 Meeting Type: Annual
Record Date: FEB 24, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director David K. Newbigging For For Management
1.2 Elect Director Joseph W. Prueher For For Management
2 Ratify Auditors For For Management
3 Restore or Provide for Cumulative Voting Against For Shareholder
4 Separate Chairman and CEO Positions Against For Shareholder
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MGIC INVESTMENT CORP.
Ticker: MTG Security ID: 552848103
Meeting Date: MAY 13, 2004 Meeting Type: Annual
Record Date: MAR 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James A. Abbott For For Management
1.2 Elect Director Thomas M. Hagerty For For Management
1.3 Elect Director Michael E. Lehman For For Management
2 Ratify Auditors For For Management
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MORGAN STANLEY
Ticker: MWD Security ID: 617446448
Meeting Date: APR 20, 2004 Meeting Type: Annual
Record Date: FEB 20, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John W. Madigan For For Management
1.2 Elect Director Dr. Klaus Zumwinkel For For Management
1.3 Elect Director Sir Howard Davies For For Management
2 Ratify Auditors For For Management
3 Declassify the Board of Directors Against Against Shareholder
4 Submit Severance Agreement Against For Shareholder
(Change-in-Control) to Shareholder Vote
5 Report on Political Against Against Shareholder
Contributions/Activities
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NATIONAL FINANCIAL PARTNERS CORP.
Ticker: NFP Security ID: 63607P208
Meeting Date: MAY 19, 2004 Meeting Type: Annual
Record Date: APR 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stephanie Abramson For For Management
1.2 Elect Director Arthur Ainsberg For For Management
1.3 Elect Director Marc Becker For For Management
1.4 Elect Director Jessica Bibliowicz For For Management
1.5 Elect Director Matthew Goldstein For For Management
1.6 Elect Director Shari Loessberg For For Management
1.7 Elect Director Marc Rowan For For Management
2 Approve Executive Incentive Bonus Plan For For Management
3 Ratify Auditors For For Management
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NELNET INC
Ticker: NNI Security ID: 64031N108
Meeting Date: MAY 27, 2004 Meeting Type: Annual
Record Date: APR 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James P. Abel For For Management
1.2 Elect Director Don R. Bouc For For Management
1.3 Elect Director Stephen F. Butterfield For For Management
1.4 Elect Director Michael S. Dunlap For For Management
1.5 Elect Director Thomas E. Henning For For Management
1.6 Elect Director Arturo R. Moreno For For Management
1.7 Elect Director Brian J. O'Connor For For Management
1.8 Elect Director Michael D. Reardon For For Management
1.9 Elect Director James H. Van Horn For For Management
2 Ratify Auditors For For Management
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OHIO CASUALTY CORP.
Ticker: OCAS Security ID: 677240103
Meeting Date: APR 21, 2004 Meeting Type: Annual
Record Date: MAR 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Terrence J. Baehr For For Management
1.2 Elect Director Ralph S. Michael III For For Management
1.3 Elect Director Stanley N. Pontius For For Management
2 Limit Executive Compensation Against Against Shareholder
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PIPER JAFFRAY COS
Ticker: PJC Security ID: 724078100
Meeting Date: APR 28, 2004 Meeting Type: Annual
Record Date: MAR 3, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Andrew S. Duff For For Management
1.2 Elect Director Samuel L. Kaplan For For Management
1.3 Elect Director Frank L. Sims For For Management
2 Approve Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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PRINCIPAL FINANCIAL GROUP, INC.
Ticker: PFG Security ID: 74251V102
Meeting Date: MAY 18, 2004 Meeting Type: Annual
Record Date: MAR 19, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director David J. Drury For For Management
1.2 Elect Director C. Daniel Gelatt For For Management
1.3 Elect Director Sandra L. Helton For For Management
1.4 Elect Director Federico F. Pena For For Management
2 Ratify Auditors For For Management
3 Approve Executive Incentive Bonus Plan For For Management
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PRUDENTIAL FINANCIAL INC
Ticker: PRU Security ID: 744320102
Meeting Date: JUN 8, 2004 Meeting Type: Annual
Record Date: APR 12, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Arthur F. Ryan For For Management
1.2 Elect Director Gaston Caperton For For Management
1.3 Elect Director Gilbert F. Casellas For For Management
1.4 Elect Director Karl J. Krapek For For Management
1.5 Elect Director Ida F.S. Schmertz For For Management
2 Ratify Auditors For For Management
3 Cease Charitable Contributions Against Against Shareholder
4 Declassify the Board of Directors Against For Shareholder
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RADIAN GROUP INC.
Ticker: RDN Security ID: 750236101
Meeting Date: MAY 11, 2004 Meeting Type: Annual
Record Date: MAR 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James W. Jennings For For Management
1.2 Elect Director Roy J. Kasmar For For Management
1.3 Elect Director Herbert Wender For For Management
1.4 Elect Director Jan Nicholson For For Management
2 Amend Omnibus Stock Plan For For Management
3 Amend Articles For For Management
4 Ratify Auditors For For Management
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ROYAL BANK OF SCOTLAND GROUP PLC
Ticker: RBS Security ID: GB0007547838
Meeting Date: APR 29, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Approve Remuneration Report For For Management
3 Approve Final Dividend of 35.7 Pence Per For For Management
Share
4 Re-elect Emilio Botin as Director For For Management
5 Re-elect Lawrence Fish as Director For For Management
6 Re-elect Sir Angus Grossart as Director For For Management
7 Re-elect Sir George Mathewson as Director For For Management
8 Re-elect Gordon Pell as Director For For Management
9 Re-elect Iain Robertson as Director For For Management
10 Re-elect Sir Iain Vallance as Director For For Management
11 Re-appoint Deloitte and Touche LLP as For For Management
Auditors of the Company
12 Authorise Board to Fix Remuneration of For For Management
the Auditors
13 Authorise Issuance of Equity or For For Management
Equity-Linked Securities with Pre-emptive
Rights up to Aggregate Nominal Amount of
GBP 247,120,127
14 Authorise Issuance of Equity or For For Management
Equity-Linked Securities without
Pre-emptive Rights up to Aggregate
Nominal Amount of GBP 37,068,019
15 Authorise 296,544,152 Ordinary Shares for For For Management
Market Purchase
16 Approve Increase in Authorised Capital by For For Management
Creation of 110 Million Category II
Non-cumulative Dollar Preference Shares;
Issue Equity with Pre-emptive Rights up
to All the Existing Preference Shares
17 Amend Articles Re: Preference Shares For For Management
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SAFECO CORP.
Ticker: SAFC Security ID: 786429100
Meeting Date: MAY 5, 2004 Meeting Type: Annual
Record Date: MAR 8, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert S. Cline For For Management
1.2 Elect Director G. Thompson Hutton For For Management
1.3 Elect Director William W. Krippaehne, For For Management
Jr.
1.4 Elect Director Michael S. McGavick For For Management
2 Ratify Auditors For For Management
3 Limit Executive Compensation Against Against Shareholder
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SCOTTISH RE GROUP LTD
Ticker: SCT Security ID: G7885T104
Meeting Date: MAY 5, 2004 Meeting Type: Annual
Record Date: MAR 10, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael C. French For For Management
1.2 Elect Director Hazel R. O'Leary For For Management
2 APPROVAL OF 2004 EQUITY INCENTIVE For For Management
COMPENSATION PLAN
3 Ratify Auditors For For Management
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SILICON VALLEY BANCSHARES
Ticker: SIVB Security ID: 827064106
Meeting Date: APR 22, 2004 Meeting Type: Annual
Record Date: FEB 24, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James F. Burns, Jr. For For Management
1.2 Elect Director G. Felda Hardymon For For Management
1.3 Elect Director Alex W. Hart For For Management
1.4 Elect Director James R. Porter For For Management
1.5 Elect Director Michaela K. Rodeno For For Management
1.6 Elect Director Larry W. Sonsini For For Management
1.7 Elect Director Kenneth P. Wilcox For For Management
2 Amend Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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SLM CORP.
Ticker: SLM Security ID: 78442P106
Meeting Date: MAY 13, 2004 Meeting Type: Annual
Record Date: MAR 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Charles L. Daley For For Management
1.2 Elect Director William M. Diefenderfer, For For Management
III
1.3 Elect Director Thomas J. Fitzpatrick For For Management
1.4 Elect Director Edward A. Fox For For Management
1.5 Elect Director Diane Suitt Gilleland For For Management
1.6 Elect Director Earl A. Goode For For Management
1.7 Elect Director Ann Torre Grant For For Management
1.8 Elect Director Ronald F. Hunt For For Management
1.9 Elect Director Benjamin J. Lambert, III For For Management
1.10 Elect Director Albert L. Lord For For Management
1.11 Elect Director Barry A. Munitz For For Management
1.12 Elect Director A. Alexander Porter, Jr. For For Management
1.13 Elect Director Wolfgang Schoellkopf For For Management
1.14 Elect Director Steven L. Shapiro For For Management
1.15 Elect Director Barry L. Williams For For Management
2 Approve Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
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STATE STREET CORP. (BOSTON)
Ticker: STT Security ID: 857477103
Meeting Date: APR 21, 2004 Meeting Type: Annual
Record Date: FEB 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Kennett Burnes For For Management
1.2 Elect Director David Gruber For For Management
1.3 Elect Director Linda Hill For For Management
1.4 Elect Director Charles Lamantia For For Management
1.5 Elect Director Robert Weissman For For Management
2 Exempt Board of Directors from Against For Shareholder
Massachusetts General Laws, Chapter 156B,
Section 50A(a)
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TCF FINANCIAL CORP.
Ticker: TCB Security ID: 872275102
Meeting Date: APR 28, 2004 Meeting Type: Annual
Record Date: MAR 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Luella G. Goldberg For For Management
1.2 Elect Director George G. Johnson For For Management
1.3 Elect Director Lynn A. Nagorske For For Management
1.4 Elect Director Ralph Strangis For For Management
2 Approve Executive Incentive Bonus Plan For For Management
3 Amend Omnibus Stock Plan For For Management
4 Approve Omnibus Stock Plan For For Management
5 Ratify Auditors For For Management
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TEXAS CAPITAL BANCSHARES INC
Ticker: TCBI Security ID: 88224Q107
Meeting Date: MAY 18, 2004 Meeting Type: Annual
Record Date: MAR 29, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Peter B. Bartholow For For Management
1.2 Elect Director Leo Corrigan, III For For Management
1.3 Elect Director James R. Erwin For For Management
1.4 Elect Director J. M. (jody) Grant For For Management
1.5 Elect Director Frederick B. Hegi, Jr. For For Management
1.6 Elect Director James R. Holland, Jr. For For Management
1.7 Elect Director George F. Jones, Jr. For For Management
1.8 Elect Director Larry A. Makel For For Management
1.9 Elect Director W.W. Mcallister III For For Management
1.10 Elect Director Lee Roy Mitchell For For Management
1.11 Elect Director Steven P. Rosenberg For For Management
1.12 Elect Director John C. Snyder For For Management
1.13 Elect Director Robert W. Stallings For For Management
1.14 Elect Director James C. Thompson, Jr. For For Management
1.15 Elect Director Ian J. Turpin For For Management
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U.S. BANCORP
Ticker: USB Security ID: 902973304
Meeting Date: APR 20, 2004 Meeting Type: Annual
Record Date: FEB 26, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Victoria Buyniski For For Management
Gluckman
1.2 Elect Director Arthur D. Collins, Jr. For For Management
1.3 Elect Director Jerry W. Levin For For Management
1.4 Elect Director Thomas E. Petry For For Management
1.5 Elect Director Richard G. Reiten For Withhold Management
2 Ratify Auditors For For Management
3 Limit Executive Compensation Against Against Shareholder
4 Submit Executive Compensation to Vote Against For Shareholder
5 Amend Vote Requirements to Amend Against For Shareholder
Articles/Bylaws/Charter
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UCBH HOLDINGS, INC.
Ticker: UCBH Security ID: 90262T308
Meeting Date: APR 29, 2004 Meeting Type: Annual
Record Date: FEB 29, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Anthony Y. Chan For For Management
1.2 Elect Director Joseph J. Jou For For Management
1.3 Elect Director Dr. Godwin Wong For For Management
1.4 Elect Director Thomas S. Wu For For Management
2 Amend Certificate to Remove Anti-Takeover For For Management
Provision
3 Ratify Auditors For For Management
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WACHOVIA CORP.
Ticker: WB Security ID: 929903102
Meeting Date: APR 20, 2004 Meeting Type: Annual
Record Date: FEB 18, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director James S. Balloun For For Management
1.2 Elect Director John T. Casteen, III For For Management
1.3 Elect Director Joseph Neubauer For For Management
1.4 Elect Director Lanty L. Smith For For Management
1.5 Elect Director Dona Davis Young For For Management
2 Ratify Auditors For For Management
3 Require Two Candidates for Each Board Against Against Shareholder
Seat
4 Report on Political Against Against Shareholder
Contributions/Activities
5 Separate Chairman and CEO Positions Against Against Shareholder
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WADDELL & REED FINANCIAL, INC.
Ticker: WDR Security ID: 930059100
Meeting Date: APR 28, 2004 Meeting Type: Annual
Record Date: MAR 3, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Henry J. Herrmann For For Management
1.2 Elect Director James M. Raines For For Management
1.3 Elect Director William L. Rogers For For Management
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XL CAPITAL LTD (FORMERLY EXEL LTD. )
Ticker: XL Security ID: G98255105
Meeting Date: APR 30, 2004 Meeting Type: Annual
Record Date: MAR 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John Loudon For For Management
1.2 Elect Director Robert S. Parker For For Management
1.3 Elect Director Alan Z. Senter For For Management
2 Ratify Auditors For For Management