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 811-09277
Viking Mutual Funds
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Exact name of registrant as specified in charter)
1400 14th Ave. SW Minot, ND 58701
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(Address of principal executive offices) (Zip code)
Viking Fund Management, LLC
1400 14th Ave. SW, Minot, ND 58701
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(Name and address of agent for service)
Registrant's telephone number, including area code: 1-800-933-8413
Date of fiscal year end: 12/31/03
Date of reporting period: 6/30/2004
Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 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. ss. 3507.
SEC 2451 (4-03) Persons who are to respond to the collection
of information contained in this form are not
required to respond unless the form displays
a currently valid OMB control number.
Viking Small-Cap Value Fund
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A.O. SMITH CORPORATION
Ticker: AOS Security ID: 831865209
Meeting Date: April 5, 2004 Meeting Type: Annual
Record Date: February 25, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of independent For For Management
auditors
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APPLEBEE'S INTERNATIONAL
Ticker: APPB Security ID: 037899101
Meeting Date: May 18, 2004 Meeting Type: Annual
Record Date: March 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3 Adopt stock purchase plan For For Management
4 Ratify appointment of independent For For Management
auditors
5 Allow shareholders to select Against Against Shareholder
auditors
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APTARGROUP, INC.
Ticker: ATR Security ID: 038336103
Meeting Date: May 5, 2004 Meeting Type: Annual
Record Date: March 11, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Adopt Director stock option plan For For Management
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ARKANSAS BEST CORPORATION
Ticker: ABFS Security ID: 040790107
Meeting Date: April 27, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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BJ'S WHOLESALE
Ticker: BJ Security ID: 05548J106
Meeting Date: May 20, 2004 Meeting Type: Annual
Record Date: April 5, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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BORGWARNER INC.
Ticker: BWA Security ID: 099724106
Meeting Date: April 21, 2004 Meeting Type: Annual
Record Date: March 5, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3 Approve authorized common stock For For Management
increase
4 Ratify appointment of independent For For Management
auditors
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CABLE DESIGN TECHNOLOGIES CORP
Ticker: CDT Security ID: 126924109
Meeting Date: December 9, 2003 Meeting Type: Annual
Record Date: October 22, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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CHURCH & DWIGHT
Ticker: CHD Security ID: 171340102
Meeting Date: May 6, 2004 Meeting Type: Annual
Record Date: March 12, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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CLAIRE'S STORES, INC.
Ticker: CLE Security ID: 179584107
Meeting Date: June 23, 2004 Meeting Type: Annual
Record Date: April 30, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Norther Irelenad Against Against Shareholder
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CLARCOR INC.
Ticker: CLC Security ID: 179895107
Meeting Date: March 22, 2004 Meeting Type: Annual
Record Date: February 4, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt stock purchase plan For For Management
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CONMED CORPORATION
Ticker: CNMD Security ID: 207410101
Meeting Date: May 18, 2004 Meeting Type: Annual
Record Date: March 31, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend long term incentive plan For For Management
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DENTSPLY INTERNATIONAL
Ticker: XRAY Security ID: 249030107
Meeting Date: May 10, 2004 Meeting Type: Annual
Record Date: March 25, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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GEORGIA GULF CORPORATION
Ticker: GGC Security ID: 373200203
Meeting Date: May 18, 2004 Meeting Type: Annual
Record Date: March 29, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Incentive stock options For For Management
4 Stock bonus plan For For Management
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GRANITE CONSTRUCTION INCORPORATED
Ticker: GVA Security ID: 387328107
Meeting Date: May 24, 2004 Meeting Type: Annual
Record Date: March 26, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Incentive stock options For Against Management
3 Corporate governance Against Against Shareholder
4 Ratify appointment of independent For For Management
auditors
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INSITUFORM TECHNOLOGIES, INC.
Ticker: INSU Security ID: 457667103
Meeting Date: April 28, 2004 Meeting Type: Annual
Record Date: March 3, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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INTERNATIONAL RECTIFIER CORPORATION
Ticker: IRF Security ID: 460254105
Meeting Date: December 8, 2003 Meeting Type: Annual
Record Date: September 26, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend omnibus stock option plan For For Management
3 Amend omnibus stock option plan For Against Management
4 Ratify appointment of independent For For Management
auditors
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INTERNATIONAL RECTIFIER CORPORATION
Ticker: IRF Security ID: 460254105
Meeting Date: January 26, 2004 Meeting Type: Special
Record Date: December 19, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve authorized common stock For Against Management
increase
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JAKKS PACIFIC, INC.
Ticker: JAKK Security ID: 47012E106
Meeting Date: September 3, 2003 Meeting Type: Annual
Record Date: July 8, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Transact other business For Against Management
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LAFARGE NORTH AMERICA INC.
Ticker: LAF Security ID: 505862102
Meeting Date: May 4, 2004 Meeting Type: Annual
Record Date: February 20, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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LIBBEY INC.
Ticker: LBY Security ID: 529898108
Meeting Date: May 6, 2004 Meeting Type: Annual
Record Date: March 17, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend omnibus stock option plan For For Management
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MACK-CALI REALTY CORPORATION
Ticker: CLI Security ID: 554489104
Meeting Date: May 20, 2004 Meeting Type: Annual
Record Date: April 6, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Incentive stock options For For Management
4 Corporate governance Against Against Shareholder
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MIM CORPORATION
Ticker: MIMS Security ID: 553044108
Meeting Date: May 25, 2004 Meeting Type: Annual
Record Date: April 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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NEWIELD EXPLORATION COMPANY
Ticker: NFX Security ID: 651290108
Meeting Date: May 6, 2004 Meeting Type: Annual
Record Date: March 19, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Approve authorized common stock For For Management
increase
4 Ratify appointment of independent For For Management
auditors
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OUTBACK STEAKHOUSE, INC.
Ticker: OSI Security ID: 689899102
Meeting Date: April 21, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend stock option plan For For Management
3 Transact other business For For Management
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OWENS & MINOR, INC.
Ticker: OMI Security ID: 690732102
Meeting Date: May 25, 2004 Meeting Type: Annual
Record Date: March 3, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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PIEDMONT NATURAL GAS COMPANY, INC.
Ticker: PNY Security ID: 720186105
Meeting Date: February 27, 2004 Meeting Type: Annual
Record Date: January 9, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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POLYMEDICA CORPORATION
Ticker: PLMD Security ID: 731738100
Meeting Date: September 26, 2003 Meeting Type: Annual
Record Date: August 8, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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PROTECTIVE LIFE CORPORATION
Ticker: PL Security ID: 743674103
Meeting Date: May 4, 2004 Meeting Type: Annual
Record Date: February 20, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt non-employee director plan For For Management
3 Ratify appointment of independent For For Management
auditors
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QUESTAR CORPORATION
Ticker: STR Security ID: 748356102
Meeting Date: May 18, 2004 Meeting Type: Annual
Record Date: March 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
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RC2 CORPORATION
Ticker: RCRC Security ID: 749388106
Meeting Date: May 7, 2004 Meeting Type: Annual
Record Date: March 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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RPM INTERNATIONAL INC.
Ticker: RPM Security ID: 749685103
Meeting Date: October 10, 2003 Meeting Type: Annual
Record Date: August 15, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
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ROADWAY CORPORATION
Ticker: ROAD Security ID: 769742107
Meeting Date: December 9, 2003 Meeting Type: Special
Record Date: October 16, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve merger agreement For For Management
2 Approve motion to adjourn meeting For For Managmeent
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SCOTTISH RE GROUP LIMITED
Ticker: SCT Security ID: G7885T104
Meeting Date: May 5, 2004 Meeting Type: Annual
Record Date: March 10, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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SHOPKO STORES, INC.
Ticker: SKO Security ID: 824911101
Meeting Date: May 26, 2004 Meeting Type: Annual
Record Date: April 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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SPINNAKER EXPLORATION COMPANY
Ticker: SKE Security ID: 84855W10
Meeting Date: May 5, 2004 Meeting Type: Annual
Record Date: March 12, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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SUPERIOR INDUSTRIES INTERNATIONAL
Ticker: SUP Security ID: 868168105
Meeting Date: May 10, 2004 Meeting Type: Annual
Record Date: March 29, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt/amend executive incentive For For Management
bonus plan
3 Adopt/amend executive incentive For For Management
bonus plan
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TECHNITROL, INC.
Ticker: TNL Security ID: 878555101
Meeting Date: May 19, 2004 Meeting Type: Annual
Record Date: March 5, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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TELEFLEX INCORPORATED
Ticker: TFX Security ID: 879369106
Meeting Date: April 30, 2004 Meeting Type: Annual
Record Date: March 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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WEST PHARMACEUTICAL SERVICES, INC.
Ticker: WST Security ID: 955306105
Meeting Date: May 4, 2004 Meeting Type: Annual
Record Date: March 25, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For Against Management
3 Ratify appointment of independent For For Management
auditors
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XTO ENERGY INC.
Ticker: XTO Security ID: 98385X106
Meeting Date: May 18, 2004 Meeting Type: Annual
Record Date: March 31, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve authorized common stock For For Management
increase
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YELLOW ROADWAY CORPORATION
Ticker: YELL Security ID: 985577105
Meeting Date: May 20, 2004 Meeting Type: Annual
Record Date: March 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For Against Management
3 Ratify appointment of independent For For Management
auditors
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Viking Large-Cap Value Fund
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ALCOA
Ticker: AA Security ID: 013817101
Meeting Date: April 30, 2004 Meeting Type: Annual
Record Date: February 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3A Miscellaneous Against Against Shareholder
3B Corporate governance Against Against Shareholder
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AMERISOURCEBERGEN CORPORATION
Ticker: ABC Security ID: 03073E105
Meeting Date: March 5, 2004 Meeting Type: Annual
Record Date: January 12, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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ANADARKO PETROLEUM CORPORATION
Ticker: APC Security ID: 032511107
Meeting Date: May 6, 2004 Meeting Type: Annual
Record Date: March 8, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Environmental Against Against Shareholder
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APACHE CORPORATION
Ticker: APA Security ID: 037411105
Meeting Date: May 6, 2004 Meeting Type: Annual
Record Date: March 17, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Political/government Against Against Shareholder
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BANK OF AMERICA CORPORATION
Ticker: BAC Security ID: 060505104
Meeting Date: May 26, 2004 Meeting Type: Annual
Record Date: April 7, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Miscellaneous Against Against Shareholder
4 Board of Directors Against Against Shareholder
5 Establish nominating committee Against Against Shareholder
6 Miscellaneous Against Against Shareholder
7 Miscellaneous Against Against Shareholder
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CANADIAN PACIFIC CORPORATION
Ticker: CP Security ID: 13645T100
Meeting Date: April 20, 2004 Meeting Type: Annual
Record Date: March 9, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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CHEVRONTEXACO CORPORATION
Ticker: CVX Security ID: 166764100
Meeting Date: April 28, 2004 Meeting Type: Annual
Record Date: March 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Shareholder rights plan For For Management
4 Adopt omnibus stock option plan For For Managment
5 Miscellaneous Against Against Shareholder
6 Political/government Against Against Shareholder
7 Board of Directors Against Against Shareholder
8 Miscellaneous Against Against Shareholder
9 Miscellaneous Against Against Shareholder
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CITIGROUP INC.
Ticker: C Security ID: 172967101
Meeting Date: April 20, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Limit compensation Against Against Shareholder
4 Political/government Against Against Shareholder
5 Declassify board Against Against Shareholder
6 Board of Directors Against Against Shareholder
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CONOCOPHILLIPS
Ticker: COP Security ID: 20825C104
Meeting Date: May 5, 2004 Meeting Type: Annual
Record Date: March 10, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt omnibus stock option plan For For Management
4 Corporate governance Against Against Shareholder
5 Corporate governance Against Against Shareholder
6 Environmental Against Against Shareholder
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CVS CORPORATION
Ticker: CVS Security ID: 126650100
Meeting Date: May 12, 2004 Meeting Type: Annual
Record Date: March 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Corporate governance Against Against Shareholder
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DEAN FOODS COMPANY
Ticker: DF Security ID: 242370104
Meeting Date: May 18, 2004 Meeting Type: Annual
Record Date: March 26, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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DOMINION RESOURCES, INC.
Ticker: D Security ID: 25746U109
Meeting Date: April 23, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Reincorporate out of Delaware Against Against Shareholder
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EMERSON ELECTRIC CO.
Ticker: EMR Security ID: 291011104
Meeting Date: February 3, 2004 Meeting Type: Annual
Record Date: November 24, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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THE HARTFORD FINANCIAL SVCS GROUP
Ticker: HIG Security ID: 416515104
Meeting Date: May 20, 2004 Meeting Type: Annual
Record Date: March 22, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Corporate governance Against Against Shareholder
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HCA INC.
Ticker: HCA Security ID: 404119109
Meeting Date: May 27, 2004 Meeting Type: Annual
Record Date: April 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend stock purchase plan For For Management
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HEALTH MANAGEMENT ASSOCIATES, INC.
Ticker: HMA Security ID: 421933102
Meeting Date: February 17, 2004 Meeting Type: Annual
Record Date: December 19, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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HONEYWELL INTERNATIONAL INC.
Ticker: HON Security ID: 438516106
Meeting Date: April 26, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Board of Directors Against For Shareholder
4 Proxy process/statement Against For Shareholder
5 Put golden parachute to Against For Shareholder
shareholder vote
6 Eliminate preemptive rights Against Against Shareholder
7 Adopt cumulative voting Against For Shareholder
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INGERSOLL-RAND COMPANY LIMITED
Ticker: IR Security ID: G4776G101
Meeting Date: June 2, 2004 Meeting Type: Annual
Record Date: April 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend incentive stock option plan For For Management
3 Approve charter amendment For For Management
4 Ratify appointment of independent For For Management
auditors
5 Board of Directors Against Against Shareholder
6 Reincorporate in other state Against Against Shareholder
7 Board of Directors Against Against Shareholder
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ITT INDUSTRIES, INC.
Ticker: ITT Security ID: 450911102
Meeting Date: May 11, 2004 Meeting Type: Annual
Record Date: March 19, 2004
# Proposal Mgt Rec Vote Cast Sponsor
B Ratify appointment of independent For For Management
auditors
A Election of Directors For For Management
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KIMBERLY-CLARK CORPORATION
Ticker: KMB Security ID: 494368103
Meeting Date: April 29, 2004 Meeting Type: Annual
Record Date: March 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Miscellaneous Against For Shareholder
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THE KROGER CO.
Ticker: KR Security ID: 501044101
Meeting Date: June 24, 2004 Meeting Type: Annual
Record Date: April 26, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Board of Directors Against Against Shareholder
4 Corporate governance Against Against Shareholder
5 Corporate governance Against Against Shareholder
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MASCO CORPORATION
Ticker: MAS Security ID: 574599106
Meeting Date: May 11, 2004 Meeting Type: Annual
Record Date: March 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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MBIA INC.
Ticker: MBI Security ID: 55262C100
Meeting Date: May 6, 2004 Meeting Type: Annual
Record Date: March 18, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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MERRILL LYNCH & CO., INC.
Ticker: MER Security ID: 590188108
Meeting Date: April 23, 2004 Meeting Type: Annual
Record Date: February 24, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt cumulative voting Against Against Shareholder
4 Board of Directors Against Against Shareholder
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MORGAN STANLEY
Ticker: MWD Security ID: 617446448
Meeting Date: April 20, 2004 Meeting Type: Annual
Record Date: February 20, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Report on employees earning over Against Against Shareholder
$100,000
4 Put golden parachute to Against Against Shareholder
shareholder vote
5 Miscellaneous Against Against Shareholder
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NATIONAL CITY CORPORATION
Ticker: NCC Security ID: 635405103
Meeting Date: April 27, 2004 Meeting Type: Annual
Record Date: March 5, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Adopt omnibus stock option plan For For Management
4 Ratify appointment of independent For For Management
auditors
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PARTNERRE LTD
Ticker: PRE Security ID: G6852T105
Meeting Date: May 13, 2004 Meeting Type: Annual
Record Date: March 19, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Fix number of Directors For For Management
3 Approve charter amendment For For Management
4 Amend incentive stock option plan For For Management
to increase shares
5 Ratify appointment of independent For For Management
auditors
6 Transact other business For For Management
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PFIZER INC.
Ticker: PFE Security ID: 717081103
Meeting Date: April 22, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt stock option plan For For Management
4 Health issues Against Against Shareholder
5 Political/government Against Against Shareholder
6 Political/government Against Against Shareholder
7 Board of Directors Against Against Shareholder
8 Miscellaneous Against Against Shareholder
9 Form shareholder advisory committee Against Against Shareholder
10 Health issues Against Against Shareholder
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MASCO CORPORATION
Ticker: MAS Security ID: 574599106
Meeting Date: May 11, 2004 Meeting Type: Annual
Record Date: March 15, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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PUBLIC SERVICE ENTERPRISE GROUP INC.
Ticker: PEG Security ID: 744573106
Meeting Date: April 20, 2004 Meeting Type: Annual
Record Date: February 20, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Allow shareholders to nominate Against Against Shareholder
directors
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RIO TINTO PLC
Ticker: RTP Security ID: 767204100
Meeting Date: April 7, 2004 Meeting Type: Annual
Record Date: March 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Change stock exchange listing For For Management
2 Change stock exchange listing For For Management
3 Change stock exchange listing For For Management
4 Change stock exchange listing For Aginst Management
5 Change stock exchange listing For For Management
6 Change stock exchange listing For For Management
7 Change stock exchange listing For For Management
8 Change stock exchange listing For For Management
9 Change stock exchange listing For For Management
10 Change stock exchange listing For For Management
11 Change stock exchange listing For Against Management
12 Change stock exchange listing For For Management
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SBC COMMUNICATIONS
Ticker: SBC Security ID: 78387G103
Meeting Date: April 30, 2004 Meeting Type: Annual
Record Date: March 2, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3A Miscellaneous Against Against Shareholder
3B Corporate governance Against Against Shareholder
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SEALED AIR CORPORATION
Ticker: SEE Security ID: 81211K100
Meeting Date: May 5, 2004 Meeting Type: Annual
Record Date: March 8, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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TRIAD HOSPITALS, INC.
Ticker: TRI Security ID: 89579K109
Meeting Date: May 25, 2004 Meeting Type: Annual
Record Date: April 8, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend long term incentive plan For For Management
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UNILEVER N.V.
Ticker: UN Security ID: 904784709
Meeting Date: May 12, 2004 Meeting Type: Annual
Record Date: March 24, 2004
# Proposal Mgt Rec Vote Cast Sponsor
2 Miscellaneous corporate governance For For Management
3 Approve previous board's actions For For Management
4 Articles of association For For Management
5,6 Election of Directors For For Management
7 Approve renumeration of Directors For For Management
8 Ratify appointment of independent For For Management
auditors
9 Articles of association For For Management
10 Authorize Directors to repurchase For For Management
shares
11 Articles of association For For Management
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UNION PACIFIC CORPORATION
Ticker: UNP Security ID: 907818108
Meeting Date: April 16, 2004 Meeting Type: Annual
Record Date: February 6, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Limit compensation Against Against Shareholder
5 Political/government Against Against Shareholder
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U.S. BANCORP
Ticker: USB Security ID: 902973106
Meeting Date: April 20, 2004 Meeting Type: Annual
Record Date: February 26, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Corporate governance Against Against Shareholder
4 Corporate governance Against Against Shareholder
5 Corporate governance Against Against Shareholder
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VERIZON COMMUNICATIONS INC.
Ticker: VZ Security ID: 92343V104
Meeting Date: April 28, 2004 Meeting Type: Annual
Record Date: March 1, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt cumulative voting Against For Shareholder
4 Limit compensation Against For Shareholder
5 Proxy process/statement Against Against Shareholder
6 Rescind or allow shareholder to Against For Shareholder
ratify poison pill
7 Proxy process/statement Against Against Shareholder
8 Stock transfer agreement Against Against Shareholder
9 Miscellaneous compensation plans Against Against Shareholder
10 Proxy process/statement Against Against Shareholder
11 Proxy process/statement Against Against Shareholder
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THE WALT DISNEY COMPANY
Ticker: DIS Security ID: 254687106
Meeting Date: March 3, 2004 Meeting Type: Annual
Record Date: January 16, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Human rights related Against Against Shareholder
4 Human rights related Against Against Shareholder
5 Business/investment Against Against Shareholder
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WASHINGTON MUTUAL
Ticker: WM Security ID: 939322103
Meeting Date: April 20, 2004 Meeting Type: Annual
Record Date: February 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Corporate governance Against Against Shareholder
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Viking Tax-Free Fund for Montana
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The Viking Tax-Free Fund for Montana did not hold any portfolio securities
With respect to which the Fund was entitled to vote during the period from
July 1, 2003 through June 30, 2004.
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Viking Tax-Free Fund for North Dakota
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The Viking Tax-Free Fund for North Dakota did not hold any portfolio securities
With respect to which the Fund was entitled to vote during the period from
July 1, 2003 through June 30, 2004.
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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.
(Registrant) Viking Mutual Funds
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By (Signature and Title)* /s/ Douglas P. Miller, Vice President
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Date August 17, 2004
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