--------------------------
                                                             OMB APPROVAL
                                                      --------------------------
                                                      OMB Number:      3235-0582
                                                      Expires:    April 30, 2009
                                                      Estimated average burden
                                                      hours per response    14.4
                                                      --------------------------


                                  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    811-07242
                                    --------------------------------

                                The Cutler Trust
- --------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


   525 Bigham Knoll           Jacksonville, Oregon                97530
- --------------------------------------------------------------------------------
          (Address of principal executive offices)          (Zip code)


                                 Erich M. Patten

Cutler Investment Counsel, LLC   525 Bigham Knoll   Jacksonville, Oregon   97530
- --------------------------------------------------------------------------------
                     (Name and address of agent for service)


Registrant's telephone number, including area code:  (541) 770-9000
                                                     ---------------------------

Date of fiscal year end:     June 30, 2009
                          ------------------------------------

Date of reporting period:    July 1, 2008 - June 30, 2009
                          ------------------------------------

      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.




ITEM 1. PROXY VOTING RECORD.

      Disclose the following information for each matter relating to a portfolio
security considered at any shareholder meeting held during the period covered by
the report and with respect to which the registrant was entitled to vote:

      (a)   The name of the issuer of the portfolio security;

      (b)   The exchange ticker symbol of the portfolio security;

      (c)   The  Council  on  Uniform   Securities   Identification   Procedures
            ("CUSIP") number for the portfolio security;

      (d)   The shareholder meeting date;

      (e)   A brief identification of the matter voted on;

      (f)   Whether  the  matter  was  proposed  by the  issuer or by a security
            holder;

      (g)   Whether the registrant cast its vote on the matter;

      (h)   How the registrant cast its vote (e.g., for or against proposal,  or
            abstain; for or withhold regarding election of directors); and

      (i)   Whether the registrant cast its vote for or against management.




                                   SIGNATURES
                                   ----------

                           [See General Instruction F]

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)                 The Cutler Trust
            --------------------------------------------------------------------

By (Signature and Title)*         /s/ Erich M. Patten
                         -------------------------------------------------------
                               Erich M. Patten, President
Date    July 13, 2009
     ---------------------------------------------------------------------------

* Print the name and title of each signing officer under his or her signature.




                                    EXHIBIT A
                                    ---------

1) I = Issuer; S = Stockholder
2) F = For; A = Against; AB = Abstain
3) W = With Mgmt; A = Against Mgmt



                                                                                                               VOTE
                                                                                                               FOR
                                                                                                              AGAINST    WITH OR
                                                                                                                OR       AGAINST
                                                                                               VOTED   TYPE   ABSTAIN   MANAGEMENT
                                                   ANNUAL                                       Y/N    I/S    F/A/AB      W/A
          NAME             TICKER     CUSIP      MEETING DATE               ITEM                       (1)      (2)        (3)
- ------------------------------------------------------------------------------------------------------------------------------------
7/1/08 - 6/30/09
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
EMERSON ELECTRIC             EMR    291011104     3-Feb-09     ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFICATION OF KPMG AS AUDITOR   Y       I        F         W
- ------------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS, CO        NFG    636180101     12-Mar-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFICATION OF PWC               Y       I        F         W
                                                               2009 NON-EMPLOYEE DIRECTOR        Y       I        F         W
                                                               EQUITY COMPENSATION
- ------------------------------------------------------------------------------------------------------------------------------------
BECTON-DICKINSON             BDX    075887109     3-Feb-09     ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFICATION OF E&Y AS AUDITOR    Y       I        F         W
                                                               ALLOW FOR ANNUAL ELECTION OF      Y       I        F         W
                                                               DIRECTORS
                                                               AMEND 2004 EMPLOYEE AND           Y       I        F         W
                                                               DIRECTOR EQUITY COMPENSATION
                                                               MATERIAL TERMS OF PERFORMANCE     Y       I        F         W
                                                               GOALS
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP.                  NUE    670346105     14-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               MAJORITY VOTE OF DIRECTORS        Y       S        A         W
                                                               DECLASSIFICATION OF BOARD         Y       S        A         W
                                                               HUMAN RIGHTS                      Y       S        A         W
                                                               HEALTH CARE REFORM                Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
UNION PACIFIC CORP.          UNP    907818108     14-May-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               POLITICAL CONTRIBUTIONS REPORT    Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
CONOCOPHILLIPS               COP    20825C104     13-May-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               OMNIBUS STOCK AND PERFORMANCE     Y       I        F         W
                                                               PLAN
                                                               HEALTH CARE PRINCIPLES            Y       S        A         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
                                                               POLITICAL CONTRIBUTIONS REPORT    Y       S        A         W
                                                               GREENHOUSE GAS REDUCTION          Y       S        A         W
                                                               OIL SANDS DRILLING                Y       S        A         W
                                                               DIRECTOR QUALIFICATIONS           Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
VULCAN MATERIALS             VMC    929160109     8-May-09     ELECTION OF DIRECTORS             Y       I        F         W
                                                               EXECUTIVE INCENTIVE PLAN          Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               EXECUTIVE SHARE RETENTION         Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
ALCOA INC.                   AA     013817101     8-May-09     ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               STOCK INCENTIVE PLAN              Y       I        F         W
                                                               MAJORITY VOTE                     Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATION INC.   VZ     92343V104     7-May-09     ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               EXECUTIVE COMP ADVISORY VOTE      Y       I        F         W
                                                               LONG-TERM INCENTIVE PLAN          Y       I        F         W
                                                               SHORT-TERM INCENTIVE PLAN         Y       I        F         W
                                                               PROHIBIT STOCK OPTION             Y       S        A         W
                                                               CALL SPECIAL MEETING              Y       S        A         W
                                                               SEPARATE CHAIRMAN AND CEO         Y       S        A         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               AFTER DEATH BENEFITS APPROVAL     Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
DUPONT DE NEMOURS AND CO.    DD     263534109     29-Apr-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               SAY ON EXECUTIVE PAY              Y       S        F         A
- ------------------------------------------------------------------------------------------------------------------------------------
MCGRAW-HILL COS., INC.       MHP    580645109     29-Apr-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               PERFORMANCE GOALS FOR 2002        Y       I        F         W
                                                               STOCK PLAN
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               ANNUAL ELECTION OF DIRECTORS      Y       S        A         W
                                                               SIMPLE MAJORITY VOTE              Y       S        A         W
                                                               POLITICAL CONTRIBUTIONS REPORT    Y       S        A         W
                                                               ELECTION OF DIRECTORS BY SIMPLE   Y       S        A         W
                                                               MAJORITY
                                                               INDEPENDENT BOARD CHAIR           Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS       IBM    459200101     28-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
MACHINES
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               LONG-TERM INCENTIVE PLAN          Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               EXECUTIVE COMP AND PENSION        Y       S        A         W
                                                               INCOME
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
- ------------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO & CO.            WFC    949746101     28-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               LONG-TERM INCENTIVE PLAN          Y       I        F         W
                                                               INDEPENDENT BOARD CHAIR           Y       S        A         W
                                                               POLITICAL CONTRIBUTIONS REPORT    Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO.         GE     369604103     22-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
                                                               STUDY TO BREAK UP COMPANY         Y       S        A         W
                                                               DIVIDEND POLICY                   Y       S        A         W
                                                               GOLDEN PARACHUTES                 Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS COMPANY     AXP    025816109     27-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               CALL SPECIAL MEETING              Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
AT&T INC.                    T      00206R102     24-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
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                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               POLITICAL CONTRIBUTIONS REPORT    Y       S        A         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
                                                               PENSION CREDIT POLICY             Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON            JNJ    478160104     23-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
- ------------------------------------------------------------------------------------------------------------------------------------
PEPSICO., INC.               PEP    713448108     6-May-09     ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
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                                                               ELECTION OF DIRECTOR              Y       I        F         W
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                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               EXEC INCENTIVE COMP PLAN          Y       I        F         W
                                                               RECYCLING                         Y       S        A         W
                                                               GENETICALLY ENGINEERED PRODUCTS   Y       S        A         W
                                                               CHARITABLE CONTRIBUTIONS REPORT   Y       S        A         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
- ------------------------------------------------------------------------------------------------------------------------------------
KIMBERLY-CLARK CORP.         KMB    494368103     30-Apr-09    ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
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                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               ELECTION OF DIRECTOR              Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       I        F         W
                                                               REAPPROVE 2001 PERFORMANCE GOALS  Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
THE HOME DEPOT, INC.         HD     437076102     28-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
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                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               EMPLOYMENT DIVERSITY REPORT       Y       S        A         W
                                                               EXECUTIVE OFFICER COMPENSATION    Y       S        A         W
                                                               ENERGY USE                        Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP.            XOM    30231G102     27-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               INCORPORATE IN NORTH DAKOTA       Y       S        A         W
                                                               CHAIRMAN AND CEO                  Y       S        A         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
                                                               EXECUTIVE COMPENSATION REPORT     Y       S        A         W
                                                               CORPORATE SPONSPORSHIPS REPORT    Y       S        A         W
                                                               GREENHOUSE GAS EMISSIONS GOALS    Y       S        A         W
                                                               CLIMATE CHANGE REPORT             Y       S        A         W
                                                               RENEWABLE ENERGY POLICY           Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
CHEVRON CORP.                CVX    166764100     27-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
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                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFY THE APPOINTMENT OF         Y       I        F         W
                                                               AUDITORS
                                                               APPROVE PERFORMANCE GOALS         Y       I        F         W
                                                               LONG-TERM INCENTIVE PLAN          Y       I        F         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       S        F         A
                                                               GREENHOUSE GAS EMISSIONS GOALS    Y       S        A         W
                                                               COUNTY SELECTION GUIDELINES       Y       S        A         W
                                                               HUMAN RIGHTS POLICY               Y       S        A         W
                                                               HOST COUNTRY LAWS                 Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
PFIZER INC                   PFE    717081103     23-Apr-09    DIRECTORS                         Y       I        A         A
                                                               RATIFY INDEPENDENT ACCOUNTING     Y       I        F         W
                                                               FIRM
                                                               APPROVAL OF 2004 STOCK PLAN       Y       I        A         A
                                                               STOCK OPTIONS                     Y       S        A         W
                                                               EXECUTIVE COMPENSATION            Y       S        F         A
                                                               CUMULATIVE VOTING                 Y       S        F         A
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
- ------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MEYERS SQUIBB        BMY    110122108     5-May-09     DIRECTORS                         Y       I        A         A
                                                               RATIFY INDEPENDENT ACCOUNTING     Y       I        A         A
                                                               FIRM
                                                               EXECUTIVE COMPENSATION            Y       S        A         W
                                                               DISCLOSURE
                                                               SIMPLE MAJORITY VOTE              Y       S        F         A
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               EXECUTIVE COMPENSATION ADVISORY   Y       S        F         A
                                                               VOTE
- ------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED EDISON          ED     209115104     18-May-09    DIRECTORS                         Y       I        F         W
                                                               RATIFY INDEPENDENT ACCOUNTING     Y       I        F         W
                                                               FIRM
                                                               ADDITIONAL COMPENSATION           Y       S        A         W
                                                               INFORMATION
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CATERPILLAR INC.             CAT    149123101     10-Jun-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFY AUDITOR                    Y       I        F         W
                                                               ANNUAL ELECTION OF DIRECTORS      Y       S        A         W
                                                               MAJORITY VOTE                     Y       S        A         W
                                                               FOREIGN MILITARY SALES            Y       S        A         W
                                                               SIMPLE MAJORITY VOTE              Y       S        A         W
                                                               INDEPENDENT COMPENSATION          Y       S        A         W
                                                               CONSULTANT
                                                               INDEPENDENT BOARD CHAIR           Y       S        A         W
                                                               LOBBYING PRIORITIES               Y       S        A         W
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JP MORGAN CHASE & CO.        JPM    46625H100     19-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               ADVISORY VOTE ON COMPENSATION     Y       I        F         W
                                                               GOVERNMENTAL SERVICE REPORT       Y       S        A         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
                                                               CREDIT CARD LENDING               Y       S        A         W
                                                               CHANGES TO KEPP                   Y       S        A         W
                                                               SHARE RETENTION                   Y       S        A         W
                                                               CARBON PRINCIPLES REPORT          Y       S        A         W
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INTEL CORP.                  INTC   458140100     20-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFICATION OF AUDITOR           Y       I        F         W
                                                               AMEND 2006 EQUITY INCENTIVE PLAN  Y       I        F         W
                                                               APPROVAL OF EMPLOYEE STOCK        Y       I        F         W
                                                               OPTION EXCHANGE
                                                               ADVISORY VOTE ON COMPENSATION     Y       I        F         W
                                                               CUMULATIVE VOTING                 Y       S        A         W
                                                               HUMAN RIGHT TO WATER              Y       S        A         W
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HALLIBURTON COMPANY          HAL    406216101     20-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFICATION OF AUDITOR           Y       I        F         W
                                                               AMEND 1993 STOCK INCENTIVE PLAN   Y       I        F         W
                                                               AMEND 2002 EMPLOYEE STOCK         Y       I        F         W
                                                               PURCHASE PLAN
                                                               HUMAN RIGHTS POLICY               Y       S        A         W
                                                               POLITICAL CONTRIBUTIONS           Y       S        A         W
                                                               ADDITIONAL COMPENSATION           Y       S        A         W
                                                               INFORMATION
                                                               SPECIAL SHAREHOLDER MEETINGS      Y       S        A         W
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NORDSTROM, INC.              JWN    655664100     19-May-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFICATION OF AUDITOR           Y       I        F         W
                                                               EXEUTIVE MANAGEMENT BONUS PLAN    Y       I        F         W
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TEXAS INSTRUMENTS INC.       TXN    882508104     16-Apr-09    ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               ELECTION OF DIRECTORS             Y       I        F         W
                                                               RATIFY AUDITOR                    Y       I        F         W
                                                               APPROVE 2009 LONG-TERM            Y       I        F         W
                                                               INCENTIVE PLAN
                                                               APPROVE 2009 DIRECTOR             Y       I        F         W
                                                               COMPENSATION PLAN
                                                               SEPARATE CHAIRMAN AND CEO         Y       S        A         W
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UNITED TECHNOLOGIES CORP.    UTX    913017109     8-Apr-09     ELECTION OF DIRECTORS             Y       I        F         W
                                                               APPOINTMENT OF AUDITOR            Y       I        F         W
                                                               FOREIGN MILITARY SALES            Y       S        A         W
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