Form N-PX

Annual Report of Proxy Voting Record of

SEI Institutional International Trust

Investment Company Act File Number: 811-3451

Registrant
SEI International Trust
One Freedom Valley Drive
Oaks, PA 19456
(800) 342-5734

Agent for Service

CT Corporation System
101 Federal Street
Boston, MA 02110

Date of Reporting Period: July 1, 2003 to June 30, 2004

International Fixed Income Fund

The International Fixed Income Fund invests in securities that do not have
voting rights. No votes have been cast on securities by this fund during the
reporting period.

Emerging Markets Debt Fund

The Emerging Markets Debt Fund invests in securities that do not have voting
rights. No votes have been cast on securities by this fund during the reporting
period.

Emerging Markets Equity Fund

Proposal Management Position Registrant Voted Proposed by

ABSA Group Ltd (formerly Amalgamated Banks of South Africa)

S0269H108

08/22/03 - Annual Meeting

1 Accept Company and Group Financial Statements and
Statutory Reports For For Management
2 Approve Current Remuneration of Directors For For Management
3 Approve Proposed Remuneration of Directors For For Management
4 Approve Simultaneous Re-Appointment of Retiring Directors For Against Management
5 Elect Directors For For Management
6 Elect Directors For For Management
7 Approve Increase in Authorized Capital to ZAR 1.6 Billion For For Management
8 Place Authorized But Unissued Shares under Control of
Directors Pursuant to ABSA Share Incentive Scheme For For Management
9 Place Authorized But Unissued Shares under Control
of Directors For For Management
10 Approve Issuance of Shares without Preemptive Rights up to a
Maximum of 15 Percent of Issued Capital For Against Management
11 Authorize Repurchase of Up to 20 Percent of Issued
Share Capital For For Management

08/22/03 - Special Meeting

1 Amend Articles Re: Odd Lot Offers For For Management
2 Authorize Repurchase of Shares Pursuant to Odd-Lot Offer For For Management
3 Approve Odd-Lot Offer For For Management
4 Approve Issuance of Shares with Preemptive Rights
Pursuant to Odd-Lot Offer For For Management
5 Authorize Board to Ratify and Execute Approved Resolutions For For Management

Remgro Ltd

S6873K106

08/26/03 - Annual Meeting

Ordinary Business
1 Accept Financial Statements and Statutory Reports for
Year Ended Mar. 31, 2003 For For Management
2 Approve Remuneration of Directors for Past Fiscal Year in the
Aggregate Amount of ZAR 900,420 For For Management
3 Elect Directors For Split Management
3.1 Reelect D.M. Falck as Director For For Management
3.2 Reelect J.F. Mouton as Director For For Management
3.3 Reelect F. Robertson as Director For For Management
3.4 Reelect J.P. Rupert as Director --- Against
3.5 Reelect P.G. Steyn as Director For For Management
4 Place Authorized But Unissued Shares under Control
of Directors For For Management
5 Authorize Repurchase of Up to 20 Percent of Issued
Share Capital For For Management

Emerging Markets Equity Fund

Proposal Management Position Registrant Voted Proposed by

Naspers Ltd (formerly Nasionale Pers Beperk)

S5340H118

08/29/03 - Annual Meeting

Ordinary Business
1 Accept Financial Statements and Statutory Reports for Year
Ended Mar. 31, 2003 For For Management
2 Approve Dividends for N-Ordinary and A-Ordinary Shares For For Management
3 Approve Remuneration of Directors For For Management
4 Reappoint PricewaterhouseCoopers Inc. as Auditors For Against Management
5 Reelect T. Vosloo as Director For For Management
6 Place Authorized But Unissued Shares under Control
of Directors For For Management
7 Approve Issuance of Shares without Preemptive Rights up to a
Maximum of 15 Percent of Issued Capital For Against Management
8 Approve Grant of Nonrenouncable Offers to Welkom
Debenture Holders Re: Subscription for Naspers N
Ordinary Shares For For Management
9 Authorize Repurchase of Up to 20 Percent of Issued
Share Capital For For Management
10 Authorize Board to Ratify and Execute Approved Resolutions For For Management

Grupo Financiero Banorte S.A.

P49501201

10/16/03 - Special Meeting

1 Approve Cash Dividend For For Management
2 Designate Inspector or Shareholder Represntative(s) to
Execute Dividend Distribution For For Management
3 Approve Minutes of Meeting For For Management

Impala Platinum Holdings Ltd.

S37840105

10/22/03 - Annual Meeting

Ordinary Business
1 Accept Financial Statements and Statutory Reports for
Year Ended June 30, 2003 For For Management
2 Confirm Appointment of T.V. Mokgatlha and L.J. Paton
as Directors For Against Management
3 Reelect M.V. Mennell, D.H. Brown, K.C. Rumble, and
D.M. O'Connor as Directors For Against Management
4 Approve Remuneration of Directors For Against Management
5 Place Authorized But Unissued Shares under Control
of Directors For For Management

Emerging Markets Equity Fund

Proposal Management Position Registrant Voted Proposed by

Impala Platinum Holdings Ltd. (continued)

6 Approve Issuance of Shares without Preemptive Rights up to
a Maximum of 15 Percent of Issued Capital For Against Management
7 Approve Amendments to Deed of Implats Share Incentive Trust
Re: Deed of Agreements Entered into Between Impala
Platinum Ltd. and Implats Share Incentive Trust For For Management
8 Amend Articles of Association Re: Board Size and
Board Decisions For Against Management
9 Authorize Repurchase of Up to 20 Percent of Issued
Share Capital For For Management

Bank Hapoalim B.M.

M1586M115

11/17/03 - Special Meeting

1 Approve Merger Agreement with Mishkan, a Wholly-Owned
Subsidiary of the Company For For Management

Gold Fields Limited

S31755101

11/18/03 - Annual Meeting

1 Accept Financial Statements and Statutory Reports for the
Year Ended June 30, 2003 For For Management
2 Elect Directors For Split Management
2.1 Reelect J.M. McMahon as Director For For Management
2.2 Reelect B.R. Van Rooyen as Director For For Management
2.3 Reelect C.I. Von Christierson as Director For For Management
2.4 Reelect A.J. Wright as Director --- Against
3 Place Authorized But Unissued Shares under Control
of Directors For For Management
4 Approve Issuance of Shares without Preemptive Rights up to a
Maximum of 15 Percent of Issued Capital For Against Management
5 Authorize the Company and Any of Its Subsidiaries to
Repurchase Up to 20 Percent of the Company's Issued
Share Capital For For Management

Iscor Ltd.

S7815D119

11/24/03 - Annual Meeting

1 Accept Financial Statements and Statutory Reports for the
Year Ended June 30 , 2003 For For Management
2 Reelect R.G. Cottrell as Director For Against Management
3 Reelect S. Maheshwari as Director For Against Management
4 Reelect K.D.K. Mokhele as Director For Against Management

Emerging Markets Equity Fund

Proposal Management Position Registrant Voted Proposed by

Iscor Ltd. (continued)

5 Reelect A.M. Thebyane as Director For Against Management
6 Reelect M.J.U.T. Van Wijngaarden as Director For Against Management
7 Approve Non-Executive Directors Fees for the Year
Ended June 30, 2003 For For Management
8 Approve Remuneration of Non- Executive Directors for the
Period of Jan. 1, 2004 to June 30, 2004 For For Management
9 Place Authorized But Unissued Shares under Control
of Directors For For Management
10 Approve Issuance of Shares without Preemptive Rights up to
a Maximum of 15 Percent of Issued Capital For Against Management

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Acs, Actividades De Construcciones (Formerly Gines Navarro C

CUSIP: E7813W106 Ticker UNKNOWN

Special Meeting October 13, 2003

1. Approve Merger Balance Sheet Dated 4-30-03 Management For Voted - For
2. Approve Acquisition of Grupo Dragados SA Management For Voted - For
3. Issue 54.5 Million Shares in Connection with Acquisition;
Amend Articles Re: Share Capital and Board Size Management For Voted - For
4. Fix Number of Directors (18); Approve Resignation of
Francisco Pons; Reelect Torrego, Viguri, Jimenez,
Rodriguez, Vadell, and Perez; Elect Ferrer, Parra, Barreiro,
Terre, and Junyent as New Directors (All Directors
Serve 5-Year Terms) Management For Voted - For
5. Authorize Board to Ratify and Execute Approved Resolutions Management For Voted - For
6. Approve Minutes of Meeting Management For Voted - For

Annual Meeting May 19, 2004

1. Approve Individual and Group Financial Statements,
Allocation of Income; Present Corporate Governance Report Management For Voted - For
2. Approve Discharge of Management Board Management For Voted - For
3. Elect Management Board Management For Voted - For
4. Authorize Repurchase of Shares Management For Voted - For
5. Approve Auditors Management For Voted - For
6. Approve Reduction in Share Capital via Cancellation of
902,453 Treasury Shares; Amend Articles Accordingly Management For Voted - For
7. Approve 3:1 Stock Split and Subsequent Reduction in
Par Value to EUR 0.50 from EUR 1.50 Management For Voted - For
8. Amend Articles 13, 15, 20b, 22, 26, and 28 Re: Board
Numbers, Composition, Functions, and General Meetings
Attendance and Information Management For Voted - For
9. Approve Stock Option Plan Management For Voted - For
10. Approve General Meeting Guidelines; Present Report
Re: Board Guidelines Management For Voted - For
11. Authorize Board to Ratify and Execute Approved Resolutions Management For Voted - For
12. Approve Minutes of Meeting Management For Voted - For

AGF (Assurances Generales de France)

CUSIP: F14868180 Ticker UNKNOWN

Annual Meeting May 25, 2004

1. Approve Financial Statements and Statutory Reports Management For Voted - For
2. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
3. Approve Allocation of Income and Dividends of
EUR 1.80 per Share Management For Voted - For
4. Approve Special Auditors' Report Regarding
Related-Party Transactions Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

AGF (continued)

5. Approve Discharge of Directors Management For Voted - For
6. Reelect Jean-Philippe Thierry as Director Management For Voted - Against
7. Reelect Beatrice Majnoni d'Intignano as Director Management For Voted - For
8. Reelect Yves Cannac as Director Management For Voted - For
9. Elect Herve de Veyrac as Director Management For Voted - Against
10. Elect Representative of Employee Shareholders to the Board Management For Voted - For
11. Ratify Ernst & Young as Auditors Management For Voted - For
12. Ratify KPMG S.A. as Auditors Management For Voted - For
13. Ratify Christian de Chastellux as Alternate Auditor Management For Voted - For
14. Ratify Gerard Riviere as Alternate Auditor Management For Voted - For
15. Authorize Repurchase of Up to Ten Percent of Issued
Share Capital Management For Voted - For
16. Approve Capital Increase Reserved for Employees
Participating in Savings-Related Share Purchase Plan Management For Voted - Against
17. Approve Stock Option Plan Grants Management For Voted - Against
18. Approve Reduction in Share Capital via Cancellation
of Repurchased Shares Management For Voted - For
19. Authorize Filing of Required Documents/Other Formalities Management For Voted - For

Amcor Ltd.

CUSIP: Q03080100 Ticker UNKNOWN

Annual Meeting October 23, 2003

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2a. Elect Ronald Keith Barton as Director Management For Voted - For
2b. Elect George John Pizzey as Director Management For Voted - For
3. Approve Increase in Aggregate Remuneration of Directors
in the Amount of Not Exceeding AUD 2,000,000 Management For Voted - For

Amdocs Limited

CUSIP: G02602103 Ticker: DOX

Annual Meeting January 22, 2004

1. Elect Directors Management For Voted - Withhold
2. Accept Financial Statements For Fiscal Year 2003 Management For Voted - For
3. Amend 1998 Stock Option and Incentive Plan Management For Voted - Against
4. Approve Ernst & Young Auditors and Authorize Audit
Committee of Board to Fix Their Remuneration Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Anglo Irish Bank Corporation Plc

CUSIP: G03808105 Ticker UNKNOWN

Annual Meeting January 23, 2004

1. Receive and Consider Financial Statements and
Statutory Reports Management For Voted - For
2. Confirm and Declare a Final Dividend Management For Voted - For
3a. Reelect Tiarnan O Mahoney as a Director Management For Voted - Against
3b. Reelect John Rowan as a Director Management For Voted - Against
3c. Reelect Patrick Wright as a Director Management For Voted - Against
3d. Elect Patricia Jamal as a Director Management For Voted - Against
4. Authorize Board to Fix Remuneration of the Auditors Management For Voted - For
5. Authorize Repurchase Program Management For Voted - For
6. Authorize Board to Allot Equity Securities for Cash
without Preemptive Rights Management For Voted - For
7. Approve Increase in Non-Executive Aggregate
Remuneration up to EUR 1,000,000 Management For Voted - For

Banca Popolare di MilaNo

CUSIP: T15120107 Ticker UNKNOWN

Annual Meeting April 23, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Elect External Auditors For The Three-Year Term
2004-2006 and Fix Remuneration of Auditors Management For Voted - For
3. Approve Closing of the Fund for Low Income Housing
'Istituzione Francesco Isolani'; Approve Transfer of the
Entire Remaining Assets of the Fund Management For Voted - For
4. Approve Acquisition of Carinord 1 Spa Management For Voted - For
5. Authorize Issuance of Convertible Bonds without
Preemptive Rights; Amend Bylaws Accordingly Management For Voted - Against
6. Amend Articles 31 and 32 of the Company's Bylaws Management For Voted - Against
7. Elect One Director Subject to Approval of Item 6 Above Management For Voted - Against

Bouygues SA

CUSIP: F11487125 Ticker UNKNOWN

Annual Meeting April 22, 2004

1. Approve Financial Statements and Discharge Directors Management For Voted - For
2. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
3. Approve Allocation of Income and Dividends of
EUR 0.75 per Share Management For Voted - For
4. Approve Special Auditors' Report Regarding
Related-Party Transactions Management For Voted - For
5. Ratify Cooptation of Charles de Croisset as Director Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Bouygues SA (continued)

6. Ratify Cooptation of Thierry Jourdaine as Director Management For Voted - For
7. Reelect Charles de Croisset as Director Management For Voted - For
8. Reelect Yves Gabriel as Director Management For Voted - Against
9. Reelect Financiere Pinault as Director Management For Voted - Against
10. Elect Alain Pouyat as Director Management For Voted - Against
11. Reappoint Mazars & Guerard as Auditors Management For Voted - For
12. Reappoint Thierry Colin as Alternate Auditor Management For Voted - For
13. Authorize Issuance of Bonds/Debentures in the Aggregate
Value of up to EUR 4 Billion Management For Voted - For
14. Authorize Repurchase of Up to Ten Percent of Issued Capital Management For Voted - For
15. Authorize Issuance of Equity or Equity-Linked Securities
with Preemptive Rights up to Aggregate Nominal Amount
of EUR 150 Million Management For Voted - For
16. Authorize Issuance of Equity or Equity-Linked Securities
without Preemptive Rights up to Aggregate Nominal Amount
of EUR 150 Million Management For Voted - Against
17. Allow Board to Use All Outstanding Capital Authorizations
in the Event of a Public Tender Offer or Share
Exchange Offer Management For Voted - Against
18. Approve Capital Increase Reserved for Employees
Participating in Savings-Related Share Purchase Plan Management For Voted - Against
19. Approve Reduction in Share Capital via Cancellation of
Repurchased Shares Management For Voted - For
20. Approve Stock Option Plan Grants Management For Voted - Against
21. Amend Articles to Reflect 2003 Financial Security
Legislation Re: Responsibilities of the Chairman Management For Voted - For
22. Amend Articles to Reflect 2003 Financial Security
Legislation Re: Access to Company Information Management For Voted - For
23. Authorize Filing of Required Documents/Other Formalities Management For Voted - For

Christian Dior

CUSIP: F26334106 Ticker UNKNOWN

Annual Meeting May 13, 2004

1. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
2. Approve Financial Statements and Discharge Directors Management For Voted - For
3. Approve Special Auditors' Report Regarding
Related-Party Transactions Management For Voted - For
4. Approve Allocation of Income and Dividends of
EUR 1.305 per Share Management For Voted - For
5. Reelect Antoine Bernheim as Director Management For Voted - Against
6. Reelect Raymond Wibaux as Director Management For Voted - Against
7. Authorize Repurchase of Up to 0.5 Percent of Issued
Share Capital Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Christian Dior (continued)

8. Amend Articles of Asociation Re: Shareholding Disclosure Requirement,
Board Size and Terms of Directors, Minimum Share Ownership by Board
Members, Role of
Chairman, and Auditor Attendance at Board Meetings Management For Voted - For

Cnooc Ltd

CUSIP: Y1662W109 Ticker UNKNOWN

Special Meeting March 16, 2004

1. Approve Subdivision of Every Issued and Unissued Share
of HK$0.10 Each Into Five Shares of HK$0.02 Each Management For Voted - For

Annual Meeting April 28, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Approve Final and Special Cash Dividends Management For Voted - For
3. Reelect Directors and Fix Their Remuneration Management For Voted - For
4. Reappoint Auditors and Authorize Board to Fix Their
Remuneration Management For Voted - For
5. Approve Repurchase of Up to 10 Percent of Issued Capital Management For Voted - For
6. Approve Issuance of Equity or Equity-Linked Securities
without Preemptive Rights Management For Voted - Against
7. Authorize Reissuance of Repurchased Shares Management For Voted - For
8. Other Business (Voting) Management For Voted - Against
9. Amend Articles Re: Voting at General Meetings,
Nomination of Directors, Material Interest of Directors in
Contracts Entered into by the Company Management For Voted - For

Annual Meeting June 14, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2a. Reelect Shouwei Zhou as Executive Director Management For Voted - For
2b. Reelect Kenneth S. Courtis as Independent
Non-Executive Director Management For Voted - For
2c. Reelect Erwin Schurtenberger as Independent
Non-Executive Director Management For Voted - For
2d. Reelect Evert Henkes as Independent Non-Executive
Director Management For Voted - For
3. Reappoint Ernst & Young as Auditors and Authorize
Board to Fix Their Remuneration Management For Voted - For
4. Approve Repurchase of Up to 10 Percent of Issued Capital Management For Voted - For
5. Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights Management For Voted - Against
6. Authorize Reissuance of Repurchased Shares Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

CSK Corp.

CUSIP: J08442105 Ticker UNKNOWN

Annual Meeting June 25, 2004

1. Approve Allocation of Income, Including the Following Dividends:
Interim JY 6, Final JY 9,
Special JY 0 Management For Voted - For
2. Amend Articles to: Expand Business Lines - Authorize
Share Repurchases at Board's Discretion Management For Voted - Against
3. Elect Directors Management For Voted - For
4.1. Appoint Internal Statutory Auditor Management For Voted - For
4.2. Appoint Internal Statutory Auditor Management For Voted - For
5. Approve Executive Stock Option Plan Management For Voted - Against
6. Approve Retirement Bonuses for Directors Management For Voted - Against

Denway Motors Ltd. (formerly Denway Investment)

CUSIP: Y2032Y106 Ticker UNKNOWN

Annual Meeting May 10, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Approve Final Dividend of HK$0.06 Per Share and
Special Dividend of HK$0.08 Per Share Management For Voted - For
3. Reelect Zhang Fangyou, Chen Xuejun and Zeng Qinghong
as Directors and Authorize Board to Fix Their Remuneration Management For Voted - For
4. Reappoint PricewaterhouseCoopers as Auditors and
Authorize Board to Fix Their Remuneration Management For Voted - For
5. Approve Increase in Authorized Capital from HK$400
Million to HK$1 Billion by the Creation of 6 Billion
Shares of HK$0.10 Each Management For Voted - For
6. Authorize Capitalization of Reserves for Bonus Issue Management For Voted - For
7. Approve Repurchase of Up to 10 Percent of Issued Capital Management For Voted - For
8. Approve Issuance of Equity or Equity-Linked Securities
without Preemptive Rights Management For Voted - Against
9. Authorize Reissuance of Repurchased Shares Management For Voted - For
10. Amend Articles Re: Voting at General Meetings, Material
Interest of Directors in Contracts Entered into by the
Company, Nomination and Removal of Directors Management For Voted - For

Esprit Holdings

CUSIP: G3122U129 Ticker UNKNOWN

Annual Meeting November 26, 2003

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Approve Final Dividend Management For Voted - For
3. Approve Special Dividend Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Esprit Holdings
4. Reelect Directors Management For Voted - Against
5. Reappoint Auditors and Authorize Board to Fix
Their Remuneration Management For Voted - For
6. Approve Repurchase of Up to 10 Percent of Issued Capital Management For Voted - For
7. Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights Management For Voted - Against
8. Authorize Reissuance of Repurchased Shares Management For Voted - For

Goodwill Group

CUSIP: J1756Q106 Ticker UNKNOWN

Annual Meeting September 10, 2003

1. Approve Allocation of Income, Including the Following
Dividends: Interim JY 1000, Final JY 1000, Special JY 0 Management For Voted - For
2. Amend Articles to: Change Location of Head Office -
Increase Number of Internal Auditors - Expand Board
Eligibility - Lower Quorum Requirement for
Special Business Management For Voted - Against
3. Elect Directors Management For Voted - For
4.1. Appoint Internal Statutory Auditor Management For Voted - For
4.2. Appoint Internal Statutory Auditor Management For Voted - For
4.3. Appoint Internal Statutory Auditor Management For Voted - Against

HSBC Holdings Plc

CUSIP: G4634U169 Ticker UNKNOWN

Annual Meeting May 28, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2a. Re-elect Lord Butler as Director Management For Voted - For
2b. Re-elect Baroness Lydia Dunn as Director Management For Voted - Against
2c. Elect Rona Fairhead as Director Management For Voted - For
2d. Re-elect William Fung as Director Management For Voted - For
2e. Elect Michael Geoghegan as Director Management For Voted - For
2f. Re-elect Sharon Hintze as Director Management For Voted - For
2g. Re-elect John Kemp-Welch as Director Management For Voted - For
2h. Re-elect Sir Mark Moody-Stuart as Director Management For Voted - For
2i. Re-elect Helmut Sohmen as Director Management For Voted - For
3. Re-appoint KPMG Audit Plc as Auditors and Authorise
Board to Fix Remuneration of Auditors Management For Voted - Against
4. Approve Remuneration Report Management For Voted - For
5. Authorise 1,099,900,000 Ordinary Shares for Market Purchase Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

HSBC Holdings Plc (continued)

6. Auth. Issuance of Non-Cumulative Pref. Shares with Pre-emptive Rights
up to Aggregate Nominal Amount
of GBP 100,000, USD 100,000 and EUR 100,000; and
Auth. Issuance of Ord. Shares with Pre-emptive Rights
up to Aggregate Nominal Amount of USD 1,099,900,0 Management For Voted - For
7. Authorise Issuance of Equity or Equity-Linked Securities
without Pre-emptive Rights up to Aggregate
Nominal Amount of USD 274,975,000 Management For Voted - For
8. Approve Increase in Remuneration of Non-Executive
Directors from GBP 35,000 to GBP 55,000 Per Annum Management For Voted - For

Huaneng Power International Inc.

CUSIP: Y3744A105 Ticker UNKNOWN

Annual Meeting May 11, 2004

1. Accept Directors' Report Management For Voted - For
2. Accept Supervisors' Report Management For Voted - For
3. Accept Financial Statements Management For Voted - For
4. Approve PricewaterhouseCoopers Zhong Tien CPAs and
PricewaterhouseCoopers as Domestic and International
Auditors Respectively and Authorize Board to
Fix Their Remuneration Management For Voted - For
5. Approve Remuneration of Independent Directors Management For Voted - For
6. Approve Allocation of Income and Dividends Management For Voted - For
7. Approve Capitalization of Capital Reserve and
Retained Earning Management For Voted - For
8. Amend Articles of Association Management For Voted - For

Special Meeting June 15, 2004

1. Approve Acquisition of 40 Percent Interest in Hebei Hanfeng Power
Generation Limited Liability Co. and 90 Percent Interest in
Jinggangshan Huaneng Power Generation Limited Liability Co. and
Agreement for the Transfer of
Huaneng Group Interest Management For Voted - For
2. Approve Acquisition of Huaneng Hunan Yueyang Power
Generation Limited Liability Co., Huaneng Chongqing
Luohuang Power Generation Limited Liability Co. and the
Entire Assets and Liabilities of Huaneng Intl. Power Devt.
Corp. Yingkou Branch Co. Management For Voted - For
3. Approve Guarantee Arrangements and Agreements Between
Hebei Hanfeng Power Generation Limited Liability Co.,
Jinggangshan Huaneng Power Generation Limited
Liability Co. and China Huaneng Group Management For Voted - Against
4. Approve Entrusted Loan Arrangement Between Huaneng
Hunan Yueyang Power Generation Limited Liability Co.,
Huaneng Intl. Power Devt. Corp. and China
Huaneng Finance Co. Management For Voted - Against
5. Approve Loan and Deposit Arrangement Between Jinggangshan
Huaneng Power Generation Limited Liability Co. and
China Huaneng Finance Co. Management For Voted - Against

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

KDDI Corporation (frm. DDI Corp.)

CUSIP: J31843105 Ticker UNKNOWN

Annual Meeting June 24, 2004

1. Approve Allocation of Income, Including the Following
Dividends: Interim JY 1200, Final JY 2400, Special JY 0 Management For Voted - For
2. Amend Articles to: Abolish Retirement Bonus System -
Authorize Share Repurchases at Board's Discretion Management For Voted - Against
3. Approve Executive Stock Option Plan Management For Voted - For
4. Amend Stock Option Plans Approved at
2002 and 2003 AGMs Management For Voted - For
5.1. Appoint Internal Statutory Auditor Management For Voted - For
5.2. Appoint Internal Statutory Auditor Management For Voted - For
5.3. Appoint Internal Statutory Auditor Management For Voted - Against
5.4. Appoint Internal Statutory Auditor Management For Voted - Against
6. Approve Retirement Bonuses for Statutory Auditors Management For Voted - For
7. Approve Special Payments to Directors and Statutory
Auditor in Connection with the Abolition of
Retirement Bonus System Management For Voted - For

Kesko

CUSIP: X44874109 Ticker UNKNOWN

Annual Meeting March 29, 2004

1.1. Receive Financial Statements and Statutory Reports Management None Did not vote
1.2. Receive Auditor's Report Management None Did not vote
1.3. Accept Financial Statements and Statutory Reports Management For Voted - For
1.4. Approve Allocation of Income and Dividends of
EUR 2 Per Share Management For Voted - For
1.5. Approve Discharge of Board and President Management For Voted - For
1.6. Approve Remuneration of Directors and Auditors Management For Voted - For
1.7. Fix Number of Directors Management For Voted - For
1. Elect Directors Management For Voted - For
1.9. Appoint Auditors and Deputy Auditors Management For Voted - For
2. Shareholder Proposal: Terminate Executive Stock Option Plan Shareholder Against Voted - Against

Lagardere S.C.A.

CUSIP: F5485U100 Ticker UNKNOWN

Annual Meeting May 11, 2004

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Lagardere S.C.A. (continued)

4. Approve Special Auditors' Report Regarding
Related-Party Transactions Management For Voted - For
5. Authorize Repurchase of Up to Ten Percent of
Issued Share Capital Management For Voted - For
6. Reelect Raymond H. Levy as Supervisory Board Member Management For Voted - Against
7. Reelect Pehr G. Gyllenhammar as Supervisory
Board Member Management For Voted - For
8. Reelect Pierre Lescure as Supervisory Board Member Management For Voted - For
9. Reelect Didier Pineau-Valencienne as Supervisory
Board Member Management For Voted - For
10. Reelect Felix G. Rohatyn as Supervisory Board Member Management For Voted - For
11. Reelect Groupama S.A. as Supervisory Board Member Management For Voted - For
12. Reelect Manfred Bischoff as Supervisory Board Member Management For Voted - Against
13. Reelect George Chaudron de Courcel as Supervisory
Board Member Management For Voted - Against
14. Reelect Christian Marbach as Supervisory Board Member Management For Voted - For
15. Reelect Bernard Mirat as Supervisory Board Member Management For Voted - For
16. Elect Bernard Arnaud as Supervisory Board Member Management For Voted - Against
17. Elect Dr. Hubert Burda as Supervisory Board Member Management For Voted - Against
18. Elect Rene Carron as Supervisory Board Member Management For Voted - Against
19. Elect Henri Proglio as Supervisory Board Member Management For Voted - Against
20. Elect Francois Roussely as Supervisory Board Member Management For Voted - Against
21. Appoint Bernard Esambert as Censor Management For Voted - For
22. Approve Remuneration of Directors in the Aggregate
Amount of EUR 600,000 Management For Voted - For
23. Authorize Issuance of Bonds/Debentures in the Aggregate
Nominal Value of EUR 3 Billion Management For Voted - For
24. Authorize Issuance of Equity or Equity-Linked Securities
with Preemptive Rights up to Aggregate Nominal
Amount of EUR 300 Million Management For Voted - For
25. Authorize Issuance of Equity or Equity-Linked Securities
without Preemptive Rights up to Aggregate Nominal Amount
of EUR 300 Million Management For Voted - Against
26. Authorize Capital Increase of Up to EUR 300 Million for
Future Exchange Offers Management For Voted - Against
27. Authorize Capitalization of Reserves of Up to
EUR 300 Million for Bonus Issue or Increase in Par Value Management For Voted - For
28. Set Global Limit for Capital Increase to Result from Issuance
Requests Pursuant to Items 24, 25 and 26 at
EUR 300 Million Management For Voted - Against
29. Allow Board to Issue Shares in the Event of a Public Tender
Offer or Share Exchange Offer Management For Voted - Against
30. Approve Capital Increase Reserved for Employees
Participating in Savings-Related Share Purchase Plan Management For Voted - Against
31. Approve Stock Option Plan Grants Management For Voted - Against
32. Amend Articles of Association to Reflect 2003 Legal Changes
to French Commercial Code Re: Related-Party Transactions Management For Voted - Against
33. Authorize Filing of Required Documents/Other Formalities Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Metro Ag

CUSIP: D53968125 Ticker UNKNOWN

Annual Meeting June 04, 2004

1. Receive Financial Statements and Statutory Reports Management None Did not vote
2. Approve Allocation of Income and Dividends of
EUR 1.02 per Common Share and
EUR 1.12 per Preference Share Management For Voted - For
3. Approve Discharge of Management Board Management For Voted - For
4. Approve Discharge of Supervisory Board Management For Voted - For
5. Ratify Fasselt & Partner Wirtschaftspruefungsgesellschaft
as Auditors Management For Voted - For
6. Authorize Share Repurchase Program and Reissuance of
Repurchased Shares Management For Voted - For
7. Approve Creation of EUR 100 Million Pool of Conditional
Capital with Preemptive Rights Management For Voted - For
8. Approve Creation of EUR 125 Million Pool of Conditional
Capital without Preemptive Rights Management For Voted - Against
9. Approve Issuance of Convertible Bonds and/or Bonds with
Warrants Attached up to Aggregate Nominal Amount of
EUR 1 billion with Preemptive Rights; Approve Creation of
EUR 127.8 Million Pool of Conditional Capital to
Guarantee Conversion Rights Management For Voted - For
10. Amend Articles Re: Changes to the Remuneration of the
Supervisory Board Members Management For Voted - For

Mitsubishi Tokyo Financial Group Inc

CUSIP: J44497105 Ticker UNKNOWN

Annual Meeting June 29, 2004

1. Approve Allocation of Income, Including the Following Dividends on
Ordinary Shares: Interim JY 0,
Final JY 6000, Special JY
0 Management For Voted - For
2. Amend Articles to: Authorize Share Repurchases at
Board's Discretion Management For Voted - For
3. Elect Directors Management For Voted - For
4. Appoint Internal Statutory Auditor Management For Voted - For
5. Approve Retirement Bonuses for Directors and
Statutory Auditor Management For Voted - Against

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Mitsui O.S.K. Lines Ltd.

CUSIP: J45013109 Ticker UNKNOWN

Annual Meeting June 24, 2004

1. Approve Allocation of Income, Including the Following
Dividends: Interim JY 4, Final JY 6, Special JY 1 Management For Voted - For
2. Amend Articles to: Expand Board Eligibility - Authorize
Share Repurchases at Board's Discretion Management For Voted - For
3. Elect Directors Management For Voted - For
4. Approve Retirement Bonus for Director Management For Voted - For
5. Approve Executive Stock Option Plan Management For Voted - For

Nestle SA

CUSIP: H57312466 Ticker UNKNOWN

Annual Meeting April 22, 2004

1a. Accept Financial Statements and Statutory Reports Management For Voted - For
1b. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
2. Approve Discharge of Board and Senior Management Management For Voted - For
3. Approve Allocation of Income and Dividends of
CHF 7.20 per Share Management For Voted - For
4a. Elect Edward George as Directors Management For Voted - For
4b. Elect Kaspar Villiger as Directors Management For Voted - For
4c. Elect Rolf Haenggi as Directors Management For Voted - For
4d. Elect Daniel Borel as Directors Management For Voted - For
4e. Elect Carolina Mueller as Directors Management For Voted - For

Newcrest Mining Ltd.

CUSIP: Q6651B114 Ticker UNKNOWN

Annual Meeting October 29, 2003

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2a. Elect Mick O'Leary as Director Management For Voted - For
2b. Elect Ian Johnson as Director Management For Voted - Against
2c. Elect Bryan Davis as Director Management For Voted - Against
3. Approve Increase in Aggregate Remuneration of Directors
in the Amount of AUD 200,000 From AUD 800,000
to AUD 1 Million Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

News Corporation Ltd.

CUSIP: Q67027112 Ticker UNKNOWN

Annual Meeting October 15, 2003

1. Elect Lachlan Murdoch as Director Management For Voted - Against
2. Elect Thomas Perkins as Director Management For Voted - Against
3. Elect Stanley Shuman as Director Management For Voted - Against
4. Elect Arthur Siskind as Director Management For Voted - Against
5. Approve Stock Option Plan Grants to Executive Directors Management For Voted - Against
6. Approve Remuneration of Directors in the Amount of
Up to AUD 1.85 Million Management For Voted - For

Nitto Denko Corp.

CUSIP: J58472119 Ticker UNKNOWN

Annual Meeting June 24, 2004

1. Approve Allocation of Income, Including the Following
Dividends: Interim JY 17, Final JY 23, Special JY 0 Management For Voted - For
2. Amend Articles to: Reduce Board Size - Increase Number of
Internal Auditors - Abolish Retirement Bonus System -
Authorize Share Repurchases at Board's Discretion -
Streamline Board Structure Management For Voted - For
3. Approve Executive Stock Option Plan Management For Voted - For
4. Elect Directors Management For Voted - For
5.1. Appoint Internal Statutory Auditor Management For Voted - For
5.2. Appoint Internal Statutory Auditor Management For Voted - For
5.3. Appoint Internal Statutory Auditor Management For Voted - Against
5.4. Appoint Internal Statutory Auditor Management For Voted - Against
6. Approve Deep Discount Stock Option Plan Management For Voted - For
7. Approve Adjustment to Aggregate Compensation
Ceiling for Statutory Auditors Management For Voted - For
8. Approve Retirement Bonuses for Directors and
Statutory Auditors Management For Voted - For
9. Approve Special Payments to Directors and Statutory
Auditors in Connection with the Abolition of
Retirement Bonus System Management For Voted - Against

Portugal Telecom, SGPS, S.A.

CUSIP: X6769Q104 Ticker UNKNOWN

Annual Meeting April 02, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
3. Approve Allocation of Income Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Portugal Telecom, SGPS, S.A. (continued)

4. Approve Discharge of Management and Supervisory Boards Management For Voted - For
5. Ratify Appointment of Board Members Management For Voted - For
6. Authorize Repurchase of Shares and Reissuance of
Repurchased Shares Management For Voted - For
7. Approve EUR 125.4 Million Reduction in Share
Capital via Cancellation of 125.4 Million Shares Management For Voted - For
8. Authorize Issuance of Convertible Bonds without
Preemptive Rights Management For Voted - Against
9. Eliminate Preemptive Rights in Connection with Proposed
Issuance of Convertible Bonds Management For Voted - Against
10. Authorize Issuance of Bonds or Other Securities Management For Voted - For
11. Approve Bond Repurchase and Reissuance Management For Voted - For

POSCO (formerly Pohang Iron & Steel)

CUSIP: Y70334100 Ticker UNKNOWN

Annual Meeting March 12, 2004

1. Approve Appropriation of Income, with a Year-End
Dividend of KRW 5000 Per Share Management For Voted - For
2.1. Amend Articles of Incorporation Re: Cumulative Voting Management For Voted - For
2.2. Amend Articles of Incorporation Re: Corporate Governance Management For Voted - For
3. Elect Directors Management For Voted - For
3.2.1. Elect Member of Audit Committee Management For Voted - For
3.2.2. Elect Member of Audit Committee Management For Voted - For
4. Approve Limit on Remuneration of Directors Management For Voted - For

QBE Insurance Group Ltd.

CUSIP: Q78063114 Ticker UNKNOWN

Annual Meeting April 02, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2a. Elect L. F. Bleasel as Director Management For Voted - For
2b. Elect N. F. Greiner as Director Management For Voted - Against
3. Approve Remuneration of Directors in the Amount
of AUD 2.2 Million Per Annum Management For Voted - For
4. Amend Constitution Re: Non-Executive Directors'
Retirement Allowances Management For Voted - For
5. Approve Issue of Conditional Rights and Options
Under the Senior Executive Equity Scheme to
F. M. O'Halloran, Chief Executive Officer Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Reckitt Benckiser

CUSIP: G7420A107 Ticker: RKBKF

Annual Meeting May 13, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Approve Remuneration Report Management For Voted - For
3. Approve Final Dividend of 14 Pence Per Ordinary Share Management For Voted - For
4. Re-elect George Greener as Director Management For Voted - For
5. Re-elect Peter White as Director Management For Voted - For
6. Re-elect Colin Day as Director Management For Voted - For
7. Elect Judith Sprieser as Director Management For Voted - For
8. Elect Kenneth Hydon as Director Management For Voted - For
9. Re-appoint PricewaterhouseCoopers LLP as Auditors and
Authorise Board to Fix Remuneration of Auditors Management For Voted - Against
10. Authorise Issuance of Equity or Equity-Linked Securities
with Pre-emptive Rights up to Aggregate Nominal Amount
of GBP 24,842,000 Management For Voted - For
11. Authorise Issuance of Equity or Equity-Linked Securities
without Pre-emptive Rights up to Aggregate Nominal Amount
of GBP 3,726,000 Management For Voted - For
12. Authorise 70,800,000 Ordinary Shares for Market Purchase Management For Voted - For

Smith & Nephew PLC

CUSIP: G82343164 Ticker UNKNOWN

Annual Meeting May 06, 2004

1. Accept Financial Statements and Statutory Reports Management For Voted - For
2. Approve Final Dividend of 3.1 Pence Per Share Management For Voted - For
3. Re-elect Warren Knowlton as Director Management For Voted - For
4. Re-elect Christopher O'Donnell as Director Management For Voted - Against
5. Re-elect Richard De Schutter as Director Management For Voted - For
6. Re-elect Rolf Stomberg as Director Management For Voted - For
7. Re-appoint Ernst and Young LLP as Auditors and Authorise
Board to Fix Remuneration of Auditors Management For Voted - Against
8. Authorise Issuance of Equity or Equity-Linked Securities with
Pre-emptive Rights up to Aggregate Nominal Amount
of GBP 33,321,078 Management For Voted - For
9. Approve Remuneration Report Management For Voted - For
10. Approve the Smith and Nephew 2004 Performance Share Plan Management For Voted - For
11. Approve the Smith and Nephew 2004 Executive Share
Option Plan Management For Voted - For
12. Approve the Smith and Nephew 2004 Co-investment Plan Management For Voted - For
13. Authorise the Directors to Establish Overseas Share Schemes Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Smith & Nephew PLC (continued)

14. Authorise the Directors to Establish the New
Discretionary Trust Management For Voted - For
15. Amend the Smith and Nephew 2001 UK Approved Share
Option Plan Management For Voted - For
16. Amend the Smith and Nephew 2001 UK Unapproved
Share Option Plan Management For Voted - For
17. Approve Reclassification of the One Issued 'B' Ordinary
Share of 12 2/9 Pence as an Ordinary Share Having the
Same Rights and Subject to the Same Restrictions as
Existing Ordinary Shares Management For Voted - For
18. Authorise 93,486,408 Shares for Market Purchase Management For Voted - For
19. Adopt New Articles of Association Management For Voted - For
20. Authorise Issuance of Equity or Equity-Linked Securities
without Pre-emptive Rights up to Aggregate Nominal Amount
of GBP 5,713,057 Management For Voted - For
21. Approve Increase in Remuneration of Non-Executive
Directors to GBP 900,000 Per Year Management For Voted - For

Statoil Asa

CUSIP: R17207102 Ticker UNKNOWN

Annual Meeting May 05, 2004

1. Open Meeting Management None Did not vote
2. Prepare List of Shareholders Management None Did not vote
3. Elect Chairman of Meeting Management For Voted - For
4. Designate Inspector or Shareholder Representative(s) of
Minutes of Meeting Management For Voted - For
5. Approve Notice of Meeting and Agenda Management For Voted - For
6. Approve Financial Statements, Allocation of Income and
Dividends of NOK 2.95 Per Share Management For Voted - For
7. Approve Remuneration of Auditors Management For Voted - For
8. Approve Remuneration of Members of Corporate Assembly Management For Voted - For
9. Approve Remuneration of Members of Election Committee Management For Voted - For
10. Elect Members and Deputy Members of Corporate Assembly Management For Voted - For
11. Elect Members of Election Committee Management For Voted - For
12. Authorize Repurchase of Issued Shares Up to NOK 10 Million
Nominal Value for Employee Share Investment Plan Management For Voted - For

Taiwan Semiconductor Manufacturing Co.

CUSIP: Y84629107 Ticker UNKNOWN

Annual Meeting May 11, 2004

1.1. Receive Report on Business Operation Results for
Fiscal Year 2003 Management None Did not vote
1.2. Receive Supervisors' Report Management None Did not vote

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Taiwan Semiconductor Manufacturing Co. (continued)

1.3. Receive Report on the Acquisition and Disposal of Assets Management None Did not vote
1.4. Receive Report on Endorsments and Guarantees Management None Did not vote
2.1. Accept Financial Statements and Statutory Reports Management For Voted - For
2.2. Approve Allocation of Income and Cash Dividend of
NTD 0.60 per Share and Stock Dividend of 140 Shares
per 1000 Shares Held Management For Voted - For
2.3. Approve Capitalization of 2003 Dividends and
Employee Profit Sharing Management For Voted - For
3. Other Business Management None Did not vote

Tandberg ASA

CUSIP: R88391108 Ticker UNKNOWN

Annual Meeting April 15, 2004

1. Open Meeting; Prepare and Approve List of Shareholders Management For Voted - For
2. Elect Chairman of Meeting; Designate Inspector or Shareholder
Representative(s) of Minutes of Meeting Management For Voted - For
3. Approve Notice of Meeting and Agenda Management For Voted - For
4. Receive Management Report Management None Did not vote
5. Accept Financial Statements and Statutory Reports;
Approve Allocation of Income and Dividends of
NOK 0.40 Per Share Management For Voted - For
6. Approve Remuneration of Directors (NOK 450,000 for
Chairman, NOK 250,000 for Non-Executive Directors,
and NOK 150,000 for Executive Directors); Approve
Remuneration for Nomination Committee
(NOK 20,000 Per Member); Approve Remuneration
of Auditors Management For Voted - For
7. Reelect Jan Opsahl, Amund Skarholt, Andrew Miller, and
Grace Skaugen as Directors; Elect Joergen-Ole Haslestad
as New Director; Elect Halvor Loeken, Aage Korsvold,
and Jan Penne as Members of Nominating Committee Management For Voted - For
8.1. Approve Creation of NOK 13 Million Pool of Conditional
Capital without Preemptive Rights Management For Voted - For
8.2. Approve Stock Option Plan for Employees; Approve
Creation of NOK 3.5 Million Pool of Conditional
Capital to Guarantee Conversion Rights Management For Voted - For
8.3. Approve Stock Option Plan for CEO; Approve Creation
of NOK 250,000 Pool of Conditional Capital to Guarantee
Conversion Rights; Extend Term of Existing Stock Option
Plan for CEO until April 15, 2006 Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Telefonica S.A. (Formerly Telefonica De Espana, S.A.)

CUSIP: E90183182 Ticker UNKNOWN

Annual Meeting April 30, 2004

1. Approve Financial Statements, Allocation of Income,
and Discharge Directors Management For Voted - For
2. Approve Dividend Per Share Management For Voted - For
3. Approve Auditors Management For Voted - For
4. Authorize Repurchase of Shares Management For Voted - For
5. Approve General Meeting Guidelines Management For Voted - For
6. Authorize Board to Ratify and Execute Approved Resolutions Management For Voted - For

Vinci (Formerly Societe Generale d'Entreprises)

CUSIP: F5879X108 Ticker UNKNOWN

Annual Meeting April 23, 2004

1. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
2. Approve Financial Statements and Statutory Reports Management For Voted - For
3. Approve Allocation of Income and Dividends of
EUR 3.54 per Share Management For Voted - For
4. Approve Special Auditors' Report Regarding
Related-Party Transactions Management For Voted - For
5. Approve Discharge of Directors Management For Voted - For
6. Ratify Cooptation of Quentin Davies as Director Management For Voted - For
7. Approve Remuneration of Directors in the Aggregate
Amount of EUR 800,000 Management For Voted - For
8. Authorize Repurchase of Up to Ten Percent of Issued
Share Capital Management For Voted - For
9. Approve Reduction in Share Capital via Cancellation of
Repurchased Shares Management For Voted - For
10. Authorize Issuance of Equity or Equity-Linked Securities
with Preemptive Rights up to Aggregate Nominal Amount
of EUR 600 Million Management For Voted - Against
11. Authorize Issuance of Equity or Equity-Linked Securities
without Preemptive Rights up to Aggregate Nominal Amount
of EUR 600 Million Management For Voted - Against
12. Approve Capital Increase Reserved for Employees of
International Subsidiaries Participating in Share Purchase
Plan Management For Voted - Against
13. Approve Capital Increase Reserved for Employees
Participating in Savings-Related Share Purchase Plan Management For Voted - Against
14. Authorize Filing of Required Documents/Other Formalities Management For Voted - For

International Equity Fund

Proposal Proposed by Management Position Registrant Voted

Vinci (continued)

Annual Meeting May 04, 2004

1. Accept Consolidated Financial Statements and
Statutory Reports Management For Voted - For
2. Approve Financial Statements and Statutory Reports Management For Voted - For
3. Approve Allocation of Income and Dividends of
EUR 3.54 per Share Management For Voted - For
4. Approve Special Auditors' Report Regarding
Related-Party Transactions Management For Voted - For
5. Approve Discharge of Directors Management For Voted - For
6. Ratify Cooptation of Quentin Davies as Director Management For Voted - For
7. Approve Remuneration of Directors in the Aggregate
Amount of EUR 800,000 Management For Voted - For
8. Authorize Repurchase of Up to Ten Percent of Issued
Share Capital Management For Voted - For
9. Approve Reduction in Share Capital via Cancellation of
Repurchased Shares Management For Voted - For
10. Authorize Issuance of Equity or Equity-Linked Securities
with Preemptive Rights up to Aggregate Nominal Amount
of EUR 600 Million Management For Voted - Against
11. Authorize Issuance of Equity or Equity-Linked Securities
without Preemptive Rights up to Aggregate Nominal Amount
of EUR 600 Million Management For Voted - Against
12. Approve Capital Increase Reserved for Employees of
International Subsidiaries Participating in Share
Purchase Plan Management For Voted - Against
13. Approve Capital Increase Reserved for Employees
Participating in Savings-Related Share Purchase Plan Management For Voted - Against
14. Authorize Filing of Required Documents/Other Formalities Management For Voted - For

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.

By: /s/ Edward D. Loughlin
President
Date: August 31, 2004