Form N-PX

Annual Report of Proxy Voting Record of
Bishop Street Funds

Investment Company Act File Number: 811-8572

Registrant
Bishop Street Funds
C/O SEI Investment Distribution Co.
One Freedom Valley Drive
Oaks, PA 19456
610.676.8438

Agent for Service
Bishop Street Funds
Robert Nesher
Trustee and President
SEI Investments
One Freedom Valley Drive
Oaks, PA 19456

Date of Reporting Period: July 1, 2005 to June 30, 2005

BSF-NC-001-0200

Non -Voting Funds

Hawaii Municipal Bond Fund
Hawaii Municipal Bond Portfolio invests in securities that do not have
voting rights. No votes have been cast on securities by this fund during the
reporting period.
High Grade Income Fund
High Grade Income Portfolio invests in securities that do not have voting
rights. No votes have been cast on securities by this fund during the reporting
period.
Money Market Fund
High Grade Income Portfolio invests in securities that do not have voting
rights. No votes have been cast on securities by this fund during the reporting
period.
Treasury Money Market Fund
Treasury Portfolio invests in securities that do not have voting rights. No
votes have been cast on securities by this fund during the reporting period.

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

3M CO

Ticker: MMM CUSIP/SEDOL: 88579Y101

Meeting Date: May 10, 2005

1.1. Elect Director Vance D. Coffman Issuer Voted - For For
1.2. Elect Director Rozanne L. Ridgway Issuer Voted - For For
1.3. Elect Director Louis W. Sullivan Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - For For
4. Eliminate Animal Testing Shareholder Voted - Against Against
5. Implement China Principles Shareholder Voted - Against Against

ALCOA INC.

Ticker: AA CUSIP/SEDOL: 13817101

Meeting Date: April 22, 2005

1.1. Elect Director Joseph T. Gorman Issuer Voted - For For
1.2. Elect Director Klaus Kleinfeld Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

AMERICAN EXPRESS CO.

Ticker: AXP CUSIP/SEDOL: 25816109

Meeting Date: April 27, 2005

1.1. Elect Director Daniel F. Akerson Issuer Voted - For For
1.2. Elect Director Charlene Barshefsky Issuer Voted - For For
1.3. Elect Director William G. Bowen Issuer Voted - For For
1.4. Elect Director Ursula M. Burns Issuer Voted - For For
1.5. Elect Director Kenneth I. Chenault Issuer Voted - For For
1.6. Elect Director Peter R. Dolan Issuer Voted - For For
1.7. Elect Director Vernon E. Jordan, Jr. Issuer Voted - For For
1.8. Elect Director Jan Leschly Issuer Voted - For For
1.9. Elect Director Richard A. McGinn Issuer Voted - For For
1.10. Elect Director Edward D. Miller Issuer Voted - For For
1.11. Elect Director Frank P. Popoff Issuer Voted - For For
1.12. Elect Director Robert D. Walter Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Company Specific Compensation Related Shareholder Voted - Against Against
4. Report on Political Contributions Shareholder Voted - Against Against

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

AMGEN, INC

Ticker: AMGN CUSIP/SEDOL: 31162100

Meeting Date: May 11, 2005

1.1. Elect Director Dr. David Baltimore Issuer Voted - For For
1.2. Elect Director Ms. Judith C. Pelham Issuer Voted - For For
1.3. Elect Director Mr. Kevin W. Sharer Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Eliminate Animal Testing Shareholder Voted - Against Against
4. Review/Limit Executive Compensation Shareholder Voted - Against Against
5. Adopt Retention Ratio for Executives Shareholder Voted - For Against

APPLIED MATERIALS INC

Ticker: AMAT CUSIP/SEDOL: 38222105

Meeting Date: March 23, 2005

1.1. Elect Director Michael H. Armacost Issuer Voted - For For
1.2. Elect Director Deborah E. Coleman Issuer Voted - For For
1.3. Elect Director Herbert M. Dwight, Jr. Issuer Voted - For For
1.4. Elect Director Philip V. Gerdine Issuer Voted - For For
1.5. Elect Director Paul R. Low Issuer Voted - For For
1.6. Elect Director Dan Maydan Issuer Voted - For For
1.7. Elect Director Steven L. Miller Issuer Voted - For For
1.8. Elect Director James C. Morgan Issuer Voted - For For
1.9. Elect Director Gerhard H. Parker Issuer Voted - For For
1.10. Elect Director Willem P. Roelandts Issuer Voted - For For
1.11. Elect Director Michael R. Splinter Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

BOSTON SCIENTIFIC CORP.

Ticker: BSX CUSIP/SEDOL: 101137107

Meeting Date: May 10, 2005

1.1. Elect Director Ray J. Groves Issuer Voted - For For
1.2. Elect Director Peter M. Nicholas Issuer Voted - For For
1.3. Elect Director Warren B. Rudman Issuer Voted - For For
1.4. Elect Director James R. Tobin Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

BRINKER INTL INC

Ticker: EAT CUSIP/SEDOL: 109641100

Meeting Date: November 04, 2004

1.1. Elect Director Douglas H. Brooks Issuer Voted - For For
1.2. Elect Director Dan W. Cook, III Issuer Voted - For For
1.3. Elect Director Robert M. Gates Issuer Voted - For For
1.4. Elect Director Marvin J. Girouard Issuer Voted - For For
1.5. Elect Director Ronald Kirk Issuer Voted - For For
1.6. Elect Director George R. Mrkonic Issuer Voted - For For
1.7. Elect Director Erle Nye Issuer Voted - For For
1.8. Elect Director James E. Oesterreicher Issuer Voted - For For
1.9. Elect Director Cece Smith Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Adopt Smoke-Free Policy at all company-
owned restaurants Shareholder Voted - Against Against

CISCO SYSTEMS INC

Ticker: CSCO CUSIP/SEDOL: 17275R102

Meeting Date: November 18, 2004

1.1. Elect Director Carol A. Bartz Issuer Voted - For For
1.2. Elect Director M. Michele Burns Issuer Voted - For For
1.3. Elect Director Larry R. Carter Issuer Voted - For For
1.4. Elect Director John T. Chambers Issuer Voted - For For
1.5. Elect Director Dr. James F. Gibbons Issuer Voted - For For
1.6. Elect Director Dr. John L. Hennessy Issuer Voted - For For
1.7. Elect Director Roderick C. McGeary Issuer Voted - For For
1.8. Elect Director James C. Morgan Issuer Voted - For For
1.9. Elect Director John P. Morgridge Issuer Voted - For For
1.10. Elect Director Donald T. Valentine Issuer Voted - For For
1.11. Elect Director Steven M. West Issuer Voted - For For
1.12. Elect Director Jerry Yang Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Pay Disparity Shareholder Voted - Against Against

CVS CORPORATION

Ticker: CVS CUSIP/SEDOL: 6734300540

Meeting Date: May 12, 2005

1.1. Elect Director W. Don Cornwell Issuer Voted - For For
1.2. Elect Director Thomas P. Gerrity Issuer Voted - For For
1.3. Elect Director Stanley P. Goldstein Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

CVS CORPORATION (continued)

1.4. Elect Director Marian L. Heard Issuer Voted - For For
1.5. Elect Director William H. Joyce Issuer Voted - Withhold For
1.6. Elect Director Terrence Murray Issuer Voted - For For
1.7. Elect Director Sheli Z. Rosenberg Issuer Voted - For For
1.8. Elect Director Thomas M. Ryan Issuer Voted - For For
1.9. Elect Director Alfred J. Verrecchia Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against
4. Performance- Based/Indexed Options Shareholder Voted - Against Against
5. Review/Limit Executive Compensation Shareholder Voted - Against Against

DELL INC

Ticker: DELL CUSIP/SEDOL: 24702R101

Meeting Date: July 16, 2004

1.1. Elect Director Donald J. Carty Issuer Voted - For For
1.2. Elect Director Michael S. Dell Issuer Voted - For For
1.3. Elect Director William H. Gray, III Issuer Voted - For For
1.4. Elect Director Judy C. Lewent Issuer Voted - For For
1.5. Elect Director Thomas W. Luce, III Issuer Voted - For For
1.6. Elect Director Klaus S. Luft Issuer Voted - For For
1.7. Elect Director Alex J. Mandl Issuer Voted - For For
1.8. Elect Director Michael A. Miles Issuer Voted - For For
1.9. Elect Director Samuel A. Nunn, Jr. Issuer Voted - For For
1.1. Elect Director Kevin B. Rollins Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Expense Stock Options Shareholder Voted - For Against

DEVON ENERGY CORP

Ticker: DVN CUSIP/SEDOL: 25179M103

Meeting Date: June 08, 2005

1.1. Elect Director John A. Hill Issuer Voted - For For
1.2. Elect Director William J. Johnson Issuer Voted - For For
1.3. Elect Director Robert A. Mosbacher Jr. Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - For For
4. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

ELI LILLY AND CO.

Ticker: LLY CUSIP/SEDOL: 532457108

Meeting Date: April 18, 2005

1.1. Elect Director G.M.C. Fisher Issuer Voted - Withhold For
1.2. Elect Director A.G. Gilman Issuer Voted - For For
1.3. Elect Director K.N. Horn Issuer Voted - Withhold For
1.4. Elect Director J. Rose Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Separate Chairman and CEO Positions Shareholder Voted - For Against
4. Review and Report on Drug Reimportation
Policy Shareholder Voted - Against Against
5. Report on Product Availability in Canada Shareholder Voted - For Against
6. Report on Political Contributions Shareholder Voted - Against Against
7. Adopt Policy on Performance-based Stock
Option Grants Shareholder Voted - For Against
8. Eliminate Animal Testing Shareholder Voted - Against Against

EMC CORP

Ticker: EMC CUSIP/SEDOL: 268648102

Meeting Date: May 05, 2005

1.1. Elect Director Michael J. Cronin Issuer Voted - For For
1.2. Elect Director W. Paul Fitzgerald Issuer Voted - Withhold For
1.3. Elect Director Joseph M. Tucci Issuer Voted - For For
2. Approve Omnibus Stock Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For
4. Performance- Based/Indexed Options Shareholder Voted - For Against
5. Creation of an Independent Audit Committee Shareholder Voted - Against Against

EXXON MOBIL CORP.

Ticker: XOM CUSIP/SEDOL: 30231G102

Meeting Date: May 25, 2005

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

EXXON MOBIL CORP. (continued)

1.9. Elect Director Lee R. Raymond Issuer Voted - For For
1.10. Elect Director Walter V. Shipley Issuer Voted - For For
1.11. Elect Director Rex W. Tillerson Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Political Contributions/Activities Shareholder Voted - Against Against
4. Review/Limit Executive Compensation Shareholder Voted - Against Against
5. Nominate Independent Directors with Industry
Experience Shareholder Voted - Against Against
6. Report on Payments to Indonesian Military Shareholder Voted - Against Against
7. Adopt Policy Prohibiting Discrimination based
on Sexual Orientation Shareholder Voted - For Against
8. Report on Potential Damage of Drilling in
Protected Regions Shareholder Voted - Against Against
9. Disclose Information Supporting the Company
Position on Climate Change Shareholder Voted - Against Against
10. Report on Company Policies for Compliance
with the Kyoto Protocol Shareholder Voted - For Against

FLEXTRONICS INTL LTD

Ticker: FLEX CUSIP/SEDOL: Y2573F102

Meeting Date: September 23, 2004

1.1. Elect Director Michael E. Marks Issuer Voted - For For
1.2. Elect Director Michael J. Moritz Issuer Voted - For For
2. Re-Appointment of Patrick Foley as a Director
of the Company Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For
4. To Approve an Amendment to the Company's
1997 Employee Share Purchase Plan Issuer Voted - For For
5. To Approve Amendments to the Company's 2001
Equity Incentive Plan Issuer Voted - For For
6. To Approve an Amendment to the Company's 2001
Equity Incentive Plan to Allow for Issurances of
Stock Bonuses Issuer Voted - For For
7. To Approve the Consolidation of Ordinary Shares
Available Under our Assumed Plans into our
2001 Equity Incentive Plan Issuer Voted - For For
8. To Approve the Authorization for the Directors
of the Company to Allot and Issue Ordinary
Shares Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

FLEXTRONICS INTL LTD (continued)

9. To Approve the Authorization for the Company to Provide $37,200 of
Annual Cash Compensation to Each of its Non-Employee
Directors Issuer Voted - For For
10. To Approve the Authorization for the Company to
Provide an Additional $10,000 of Annual Cash
Compensation for each of its Non-Employee
Directors for Committee Participation Issuer Voted - For For
11. To Approve the Authorization of the Proposed
Renewal of the Share Repurchase Mandate
Relating to Acquisitions by the Company of its
own Issued Ordinary Shares Issuer Voted - For For
12. To Approve the Authorization of the Proposal
Approval of a Bonus Issue Issuer Voted - For For

FOREST LABS INC

Ticker: FRX CUSIP/SEDOL: 345838106

Meeting Date: August 11, 2004

1.1. Elect Director Howard Solomon Issuer Voted - For For
1.2. Elect Director William J. Candee, III Issuer Voted - For For
1.3. Elect Director George S. Cohan Issuer Voted - For For
1.4. Elect Director Dan L. Goldwasser Issuer Voted - For For
1.5. Elect Director Lester B. Salans Issuer Voted - For For
1.6. Elect Director Kenneth E. Goodman Issuer Voted - For For
1.7. Elect Director Phillip M. Satow Issuer Voted - Withhold For
2. Increase Authorized Common Stock Issuer Voted - For For
3. Approve Stock Option Plan Issuer Voted - For For
4. Ratify Auditors Issuer Voted - For For

GENERAL ELECTRIC CO.

Ticker: GE CUSIP/SEDOL: 369604103

Meeting Date: April 27, 2005

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

GENERAL ELECTRIC CO. (continued)

1.10. Elect Director Rochelle B. Lazarus Issuer Voted - For For
1.11. Elect Director Sam Nunn Issuer Voted - For For
1.12. Elect Director Roger S. Penske Issuer Voted - For For
1.13. Elect Director Robert J. Swieringa Issuer Voted - For For
1.14. Elect Director Douglas A. Warner III Issuer Voted - For For
1.15. Elect Director Robert C. Wright Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Provide for Cumulative Voting Shareholder Voted - Against Against
4. Report on Nuclear Fuel Storage Risks Shareholder Voted - Against Against
5. Report on PCB Clean-up Costs Shareholder Voted - For Against
6. Adopt Policy on Overboarded Directors Shareholder Voted - For Against
7. Prepare a Sustainability Report Shareholder Voted - Against Against
8. Political Contributions/Activities Shareholder Voted - Against Against
9. Eliminate Animal Testing Shareholder Voted - Against Against

GENZYME CORP.

Ticker: GENZ CUSIP/SEDOL: 372917104

Meeting Date: May 26, 2005

1.1. Elect Director Robert J. Carpenter Issuer Voted - For For
1.2. Elect Director Charles L. Cooney Issuer Voted - For For
2. Amend Qualified Employee Stock Purchase
Plan Issuer Voted - For For
3. Amend Stock Option Plan Issuer Voted - For For
4. Ratify Auditors Issuer Voted - For For
5. Declassify the Board of Directors Shareholder Voted - For Against

GILEAD SCIENCES, INC.

Ticker: GILD CUSIP/SEDOL: 375558103

Meeting Date: May 10, 2005

1.1. Elect Director Paul Berg Issuer Voted - For For
1.2. Elect Director Etienne F. Davignon Issuer Voted - For For
1.3. Elect Director James M. Denny Issuer Voted - For For
1.4. Elect Director John C. Martin Issuer Voted - For For
1.5. Elect Director Gordon E. Moore Issuer Voted - For For
1.6. Elect Director Nicholas G. Moore Issuer Voted - For For
1.7. Elect Director George P. Shultz Issuer Voted - For For
1.8. Elect Director Gayle E. Wilson Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Amend Omnibus Stock Plan Issuer Voted - For For
4. Report on Impact of HIV/AIDS, TB, and
Malaria Pandemics Shareholder Voted - For Against

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

GOLDMAN SACHS GROUP INC

Ticker: GS CUSIP/SEDOL: 38141G104

Meeting Date: April 06, 2005

1.1. Elect Director John H. Bryan Issuer Voted - For For
1.2. Elect Director Stephen Friedman Issuer Voted - For For
1.3. Elect Director William W. George Issuer Voted - For For
1.4. Elect Director Henry M. Paulson, Jr. Issuer Voted - For For
2. Declassify the Board of Directors Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For

HALLIBURTON CO.

Ticker: HAL CUSIP/SEDOL: 406216101

Meeting Date: May 18, 2005

1.1. Elect Director Robert L. Crandall Issuer Voted - For For
1.2. Elect Director Kenneth T. Derr Issuer Voted - For For
1.3. Elect Director S. Malcolm Gillis Issuer Voted - For For
1.4. Elect Director W.R. Howell Issuer Voted - For For
1.5. Elect Director Ray L. Hunt Issuer Voted - For For
1.6. Elect Director David J. Lesar Issuer Voted - For For
1.7. Elect Director J. Landis Martin Issuer Voted - Withhold For
1.8. Elect Director Jay A. Precourt Issuer Voted - For For
1.9. Elect Director Debra L. Reed Issuer Voted - For For
2. Ratify Auditors Voted - For For
3. Submit Severance Agreement (Change-in-
Control) to Shareholder Vote Shareholder Voted - For Against
4. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against

HOME DEPOT, INC. (THE)

Ticker: HD CUSIP/SEDOL: 437076102

Meeting Date: May 26, 2005

1.1. Elect Director Gregory D. Brenneman Issuer Voted - For For
1.2. Elect Director Richard H. Brown Issuer Voted - For For
1.3. Elect Director John L. Clendenin Issuer Voted - For For
1.4. Elect Director Berry R. Cox Issuer Voted - For For
1.5. Elect Director Claudio X. Gonzalez Issuer Voted - Withhold For
1.6. Elect Director Milledge A. Hart, III Issuer Voted - For For
1.7. Elect Director Bonnie G. Hill Issuer Voted - For For
1.8. Elect Director Laban P. Jackson, Jr. Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

HOME DEPOT, INC. (THE) (continued)

1.9. Elect Director Lawrence R. Johnston Issuer Voted - For For
1.10. Elect Director Kenneth G. Langone Issuer Voted - For For
1.11. Elect Director Robert L. Nardelli Issuer Voted - For For
1.12. Elect Director Thomas J. Ridge Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Amend Nomination Procedures for the Board Issuer Voted - Against For
4. Approve Omnibus Stock Plan Issuer Voted - For For
5. Prepare Diversity Report Shareholder Voted - For Against
6. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against
7. Limit Executive Compensation Shareholder Voted - Against Against
8. Submit Severance Agreement (Change-in-
Control) to Shareholder Vote Shareholder Voted - For Against
9. Performance- Based/Indexed Options Shareholder Voted - Against Against
10. Performance- Based/Indexed Options Shareholder Voted - For Against
11. Affirm Political Nonpartisanship Shareholder Voted - Against Against

INTEL CORP.

Ticker: INTC CUSIP/SEDOL: 458140100

Meeting Date: May 18, 2005

1.1. Elect Director Craig R. Barrett Issuer Voted - For For
1.2. Elect Director Charlene Barshefsky Issuer Voted - For For
1.3. Elect Director E. John P. Browne Issuer Voted - For For
1.4. Elect Director D. James Guzy Issuer Voted - For For
1.5. Elect Director Reed E. Hundt Issuer Voted - For For
1.6. Elect Director Paul S. Otellini Issuer Voted - For For
1.7. Elect Director David S. Pottruck Issuer Voted - For For
1.8. Elect Director Jane E. Shaw Issuer Voted - For For
1.9. Elect Director John L. Thornton Issuer Voted - For For
1.10. Elect Director David B. Yoffie Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Amend Omnibus Stock Plan Issuer Voted - For For
4. Amend Executive Incentive Bonus Plan Issuer Voted - For For

JOHNSON & JOHNSON

Ticker: JNJ CUSIP/SEDOL: 478160104

Meeting Date: April 28, 2005

1.1. Elect Director Mary Sue Coleman Issuer Voted - For For
1.2. Elect Director James G. Cullen Issuer Voted - For For
1.3. Elect Director Robert J. Darretta Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

JOHNSON & JOHNSON (continued)

1.4. Elect Director Michael M. E. Johns Issuer Voted - For For
1.5. Elect Director Ann Dibble Jordan Issuer Voted - For For
1.6. Elect Director Arnold G. Langbo Issuer Voted - For For
1.7. Elect Director Susan L. Lindquist Issuer Voted - For For
1.8. Elect Director Leo F. Mullin Issuer Voted - For For
1.9. Elect Director Christine A. Poon Issuer Voted - For For
1.10. Elect Director Steven S. Reinemund Issuer Voted - For For
1.11. Elect Director David Satcher Issuer Voted - For For
1.12. Elect Director William C. Weldon Issuer Voted - For For
2. Approve Omnibus Stock Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For

JPMORGAN CHASE & CO

Ticker: JPM CUSIP/SEDOL: 46625H100

Meeting Date: May 17, 2005

1.1. Elect Director Director Hans W. Becherer Issuer Voted - For For
1.2. Elect Director Director John H. Biggs Issuer Voted - For For
1.3. Elect Director Director Lawrence A. Bossidy Issuer Voted - For For
1.4. Elect Director Director Stephen B. Burke Issuer Voted - For For
1.5. Elect Director Director James S. Crown Issuer Voted - For For
1.6. Elect Director Director James Dimon Issuer Voted - For For
1.7. Elect Director Director Ellen V. Futter Issuer Voted - For For
1.8. Elect Director Director William H. Gray, III Issuer Voted - For For
1.9. Elect Director Director William B. Harrison, Jr Issuer Voted - For For
1.10. Elect Director Director Laban P. Jackson, Jr. Issuer Voted - For For
1.11. Elect Director Director John W. Kessler Issuer Voted - For For
1.12. Elect Director Director Robert I. Lipp Issuer Voted - For For
1.13. Elect Director Director Richard A. Manoogian Issuer Voted - For For
1.14. Elect Director Director David C. Novak Issuer Voted - For For
1.15. Elect Director Director Lee R. Raymond Issuer Voted - For For
1.16. Elect Director Director William C. Weldon Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - Against For
4. Establish Term Limits for Directors Shareholder Voted - Against Against
5. Separate Chairman and CEO Positions Shareholder Voted - For Against
6. Limit Executive Compensation Shareholder Voted - Against Against
7. Adopt Executive Benefit Policy Shareholder Voted - For Against

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

KYPHON INC

Ticker: KYPHON CUSIP/SEDOL: 501577100

Meeting Date: June 16, 2005

1.1. Elect Director James T. Treace Issuer Voted - For For
1.2. Elect Director Elizabeth H. Weatherman Issuer Voted - For For
1.3. Elect Director Louis J. Lavigne, Jr. Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

LINEAR TECHNOLOGY CORP

Ticker: LLTC CUSIP/SEDOL: 535678106

Meeting Date: November 03, 2004

1.1. Elect Director Robert H. Swanson, Jr. Issuer Voted - For For
1.2. Elect Director David S. Lee Issuer Voted - For For
1.3. Elect Director Leo T. McCarthy Issuer Voted - For For
1.4. Elect Director Richard M. Moley Issuer Voted - For For
1.5. Elect Director Thomas S. Volpe Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

MOHAWK INDUSTRIES, INC

Ticker: MHK CUSIP/SEDOL: 608190104

Meeting Date: May 18, 2005

1.1. Elect Director John F. Fiedler Issuer Voted - For For
1.2. Elect Director Jeffrey S. Lorberbaum Issuer Voted - For For
1.3. Elect Director Robert N. Pokelwaldt Issuer Voted - For For

OMNICOM GROUP INC.

Ticker: OMC CUSIP/SEDOL: 681919106

Meeting Date: May 24, 2005

1.4. Elect Director John D. Wren Issuer Voted - For For
1.5. Elect Director Bruce Crawford Issuer Voted - For For
1.6. Elect Director Robert Charles Clark Issuer Voted - For For
1.7. Elect Director Leonard S. Coleman, Jr. Issuer Voted - For For
1.8. Elect Director Errol M. Cook Issuer Voted - For For
1.9. Elect Director Susan S. Denison Issuer Voted - For For
1.10. Elect Director Michael A. Henning Issuer Voted - For For
1.11. Elect Director John R. Murphy Issuer Voted - For For
1.12. Elect Director John R. Purcell Issuer Voted - For For
1.13. Elect Director Linda Johnson Rice Issuer Voted - For For
1.14. Elect Director Gary L. Roubos Issuer Voted - For For
2. Approve Executive Incentive Bonus Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

PAYCHEX INC

Ticker: PAYX CUSIP/SEDOL: 704326107

Meeting Date: October 06, 2004

1.1. Elect Director B. Thomas Golisano Issuer Voted - Withhold For
1.2. Elect Director G. Thomas Clark Issuer Voted - Withhold For
1.3. Elect Director David J. S. Flaschen Issuer Voted - For For
1.4. Elect Director Phillip Horsley Issuer Voted - For For
1.5. Elect Director Grant M. Inman Issuer Voted - For For
1.6. Elect Director J. Robert Sebo Issuer Voted - Withhold For
1.7. Elect Director Joseph M. Tucci Issuer Voted - Withhold For

PENTAIR, INC.

Ticker: PNR CUSIP/SEDOL: 709631105

Meeting Date: April 29, 2005

1.1. Elect Director Richard J. Cathcart Issuer Voted - For For
1.2. Elect Director Barbara B. Grogan Issuer Voted - Withhold For
1.3. Elect Director Augusto Meozzi Issuer Voted - Withhold For
1.4. Elect Director Ronald L. Merriman Issuer Voted - Withhold For
2. Ratify Auditors Issuer Voted - For For

PEPSICO, INC.

Ticker: PEP CUSIP/SEDOL: 713448108

Meeting Date: May 04, 2005

1.1. Elect Director John F. Akers Issuer Voted - For For
1.2. Elect Director Robert E. Allen Issuer Voted - For For
1.3. Elect Director Ray L. Hunt Issuer Voted - For For
1.4. Elect Director Arthur C. Martinez Issuer Voted - For For
1.5. Elect Director Indra K. Nooyi Issuer Voted - For For
1.6. Elect Director Steven's Reinemund Issuer Voted - For For
1.7. Elect Director Sharon P. Rockefeller Issuer Voted - For For
1.8. Elect Director James J. Schiro Issuer Voted - For For
1.9. Elect Director Franklin A. Thomas Issuer Voted - For For
1.10. Elect Director Cynthia M. Trudell Issuer Voted - For For
1.11. Elect Director Solomon D. Trujillo Issuer Voted - For For
1.12. Elect Director Daniel Vasella Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Corporate Political Contributions Shareholder Voted - Against Against

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

PFIZER INC

Ticker: PFE CUSIP/SEDOL: 717081103

Meeting Date: April 28, 2005

1.1. Elect Director Michael S. Brown Issuer Voted - For For
1.2. Elect Director M. Anthony Burns Issuer Voted - For For
1.3. Elect Director Robert N. Burt Issuer Voted - For For
1.4. Elect Director W. Don Cornwell Issuer Voted - For For
1.5. Elect Director William H. Gray III Issuer Voted - For For
1.6. Elect Director Constance J. Horner Issuer Voted - For For
1.7. Elect Director William R. Howell Issuer Voted - For For
1.8. Elect Director Stanley O. Ikenberry Issuer Voted - For For
1.9. Elect Director George A. Lorch Issuer Voted - For For
1.10. Elect Director Henry A. McKinnell Issuer Voted - For For
1.11. Elect Director Dana G. Mead Issuer Voted - For For
1.12. Elect Director Ruth J. Simmons Issuer Voted - For For
1.13. Elect Director William C. Steere, Jr. Issuer Voted - For For
1.14. Elect Director Jean-Paul Valles Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Establish Term Limits for Directors Shareholder Voted - Against Against
4. Report on Pharmaceutical Price Restraint Shareholder Voted - Against Against
5. Review and Report on Drug Reimportation
Policy Shareholder Voted - Against Against
6. Report on Political Contributions Shareholder Voted - Against Against
7. Report on Product Availability in Canada Shareholder Voted - For Against
8. Separate Chairman and CEO Positions Shareholder Voted - For Against

PRAXAIR, INC

Ticker: PX CUSIP/SEDOL: 74005P104

Meeting Date: April 26, 2005

1.1. Elect Director Jose Alves Issuer Voted - For For
1.2. Elect Director Ira D. Hall Issuer Voted - For For
1.3. Elect Director Raymond W. Leboeuf Issuer Voted - For For
1.4. Elect Director Wayne T. Smith Issuer Voted - For For
1.5. Elect Director Robert L. Wood Issuer Voted - For For
2. Amend Non-Employee Director Stock
Option Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

PROCTER & GAMBLE CO

Ticker: PG CUSIP/SEDOL: 742718109

Meeting Date: October 12, 2004

1.1. Elect Director R. Kerry Clark Issuer Voted - For For
1.2. Elect Director Joseph T. Gorman Issuer Voted - For For
1.3. Elect Director Lynn M. Martin Issuer Voted - For For
1.4. Elect Director Ralph Snyderman, M.D. Issuer Voted - For For
1.5. Elect Director Robert D. Storey Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Increase Authorized Common Stock Issuer Voted - For For
4. Declassify the Board of Directors Issuer Voted - Against For
5. Implement/ Report on Animal Welfare
Standards Shareholder Voted - Against Against

QUALCOMM INC

Ticker: QCOM CUSIP/SEDOL: 747525103

Meeting Date: March 08, 2005

1.1. Elect Director Robert E. Kahn Issuer Voted - For For
1.2. Elect Director Duane A. Nelles Issuer Voted - Withhold For
1.3. Elect Director Brent Scowcroft Issuer Voted - For For
2. Declassify the Board of Directors and
Eliminate Cumulative Voting Issuer Voted - For For
3. Increase Authorized Common Stock Issuer Voted - For For
4. Amend Articles Issuer Voted - For For
5. Ratify Auditors Issuer Voted - For For

SCHLUMBERGER LTD.

Ticker: SLB CUSIP/SEDOL: 806857108

Meeting Date: April 13, 2005

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

SCHLUMBERGER LTD. (continued)

1.10. Elect Director N. Seydoux Issuer Voted - For For
1.11. Elect Director L.G. Stuntz Issuer Voted - For For
1.12. Elect Director R. Talwar Issuer Voted - For For
2. Adoption and Approval of Financials and
Dividends Issuer Voted - For For
3. Adoptions of Mandatory Amendments to the
Articles of Incorporation Issuer Voted - For For
4. Adoption of Voluntary Amendments to the
Articles of Incorporation Issuer Voted - For For
5. Approval of Adoption of the Schlumberger
2005 Option Plan Issuer Voted - For For
6. Approval of Adoption of an Amendment to
the Schlumberger Discounted Stock
Purchase Plan Issuer Voted - For For
7. Approval of Independent Registered Public
Accounting Firm Issuer Voted - For For

SYMANTEC CORPORATION

Ticker: SYMC CUSIP/SEDOL: 871503108

Meeting Date: September 15, 2004

1.1. Elect Director Tania Amochaev Issuer Voted - For For
1.2. Elect Director William T. Coleman Issuer Voted - For For
1.3. Elect Director Franciscus Lion Issuer Voted - For For
1.4. Elect Director David Mahoney Issuer Voted - For For
1.5. Elect Director Robert S. Miller Issuer Voted - For For
1.6. Elect Director George Reyes Issuer Voted - For For
1.7. Elect Director Daniel H. Schulman Issuer Voted - For For
1.8. Elect Director John W. Thompson Issuer Voted - For For
2. Increase Authorized Common Stock Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - For For
4. Amend Outside Director Stock in Lieu of
Cash Plan Issuer Voted - For For
5. Ratify Auditors Issuer Voted - For For

THE DOW CHEMICAL COMPANY

Ticker: DOW CUSIP/SEDOL: 260543103

Meeting Date: May 12, 2005

1.1. Elect Director Jacqueline K. Barton Issuer Voted - For For
1.2. Elect Director Anthony J. Carbone Issuer Voted - For For
1.3. Elect Director Barbara H. Franklin Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

THE DOW CHEMICAL COMPANY (continued)

1.4. Elect Director Andrew N. Liveris Issuer Voted - For For
1.5. Elect Director Harold T. Shapiro Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Persistent Bioaccumulative and
Toxic Chemicals Shareholder Voted - Against Against

THE ST PAUL TRAVELERS COMPANIES INC

Ticker: STA CUSIP/SEDOL: 792860108

Meeting Date: July 28, 2004

1.1. Elect Director Howard P. Berkowitz Issuer Voted - For For
1.2. Elect Director Kenneth J. Bialkin Issuer Voted - For For
1.3. Elect Director Carolyn H. Byrd Issuer Voted - For For
1.4. Elect Director John H. Dasburg Issuer Voted - For For
1.5. Elect Director Leslie B. Disharoon Issuer Voted - For For
1.6. Elect Director Janet M. Dolan Issuer Voted - For For
1.7. Elect Director Kenneth M. Duberstein Issuer Voted - For For
1.8. Elect Director Jay S. Fishman Issuer Voted - For For
1.9. Elect Director Lawrence G. Graev Issuer Voted - For For
1.10. Elect Director Meryl D. Hartzband Issuer Voted - For For
1.11. Elect Director Thomas R. Hodgson Issuer Voted - For For
1.12. Elect Director William H. Kling Issuer Voted - For For
1.13. Elect Director James A. Lawrence Issuer Voted - For For
1.14. Elect Director Robert I. Lipp Issuer Voted - For For
1.15. Elect Director Blythe J. McGarvie Issuer Voted - For For
1.16. Elect Director Glen D. Nelson, M.D. Issuer Voted - For For
1.17. Elect Director Clarence Otis, Jr. Issuer Voted - For For
1.18. Elect Director Jeffrey M. Peek Issuer Voted - For For
1.19. Elect Director Nancy A. Roseman Issuer Voted - For For
1.20. Elect Director Charles W. Scharf Issuer Voted - For For
1.21. Elect Director Gordon M. Sprenger Issuer Voted - For For
1.22. Elect Director Frank J. Tasco Issuer Voted - For For
1.23. Elect Director Laurie J. Thomsen Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

UNION PACIFIC CORP.

Ticker: UNP CUSIP/SEDOL: 907818108

Meeting Date: May 05, 2005

1.1. Elect Director Philip F. Anschutz Issuer Voted - For For
1.2. Elect Director Erroll B. Davis, Jr. Issuer Voted - Withhold For
1.3. Elect Director Richard K. Davidson Issuer Voted - For For
1.4. Elect Director Thomas J. Donohue Issuer Voted - For For
1.5. Elect Director Archie W. Dunham Issuer Voted - For For
1.6. Elect Director Spencer F. Eccles Issuer Voted - For For
1.7. Elect Director Judith Richards Hope Issuer Voted - For For
1.8. Elect Director Michael W. McConnell Issuer Voted - For For
1.9. Elect Director Steven R. Rogel Issuer Voted - For For
1.10. Elect Director James R. Young Issuer Voted - For For
1.11. Elect Director Ernesto Zedillo Ponce de Leon Issuer Voted - For For
2. Approve Executive Incentive Bonus Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For
4. Performance- Based/Indexed Options Shareholder Voted - Against Against

UNITED PARCEL SERVICE, INC.

Ticker: UPS CUSIP/SEDOL: 6734300540

Meeting Date: May 05, 2005

1.1. Elect Director John J. Beystehner Issuer Voted - For For
1.2. Elect Director Michael L. Eskew Issuer Voted - For For
1.3. Elect Director James P. Kelly Issuer Voted - For For
1.4. Elect Director Ann M. Livermore Issuer Voted - For For
1.5. Elect Director Gary E. MacDougal Issuer Voted - For For
1.6. Elect Director Victor A. Pelson Issuer Voted - For For
1.7. Elect Director Lea N. Soupata Issuer Voted - For For
1.8. Elect Director John W. Thompson Issuer Voted - Withhold For
1.9. Elect Director Carol B. Tome Issuer Voted - For For
1.10. Elect Director Ben Verwaayen Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

UNITEDHEALTH GROUP INC

Ticker: UNH CUSIP/SEDOL: 91324P102

Meeting Date: May 03, 2005

1.1. Elect Director Thomas H. Kean Issuer Voted - For For
1.2. Elect Director Robert L. Ryan Issuer Voted - For For
1.3. Elect Director William G. Spears Issuer Voted - For For

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

UNITEDHEALTH GROUP INC (continued)

1.4. Elect Director Gail R. Wilensky, Ph.D. Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Performance- Based/Indexed Options Shareholder Voted - For Against
4. Performance- Based/Indexed Options Shareholder Voted - For Against

VERIZON COMMUNICATIONS

Ticker: VZ CUSIP/SEDOL: 9234V104

Meeting Date: May 05, 2005

1.1. Elect Director James R. Barker Issuer Voted - For For
1.2. Elect Director Richard L. Carrion Issuer Voted - For For
1.3. Elect Director Robert W. Lane Issuer Voted - For For
1.4. Elect Director Sandra O. Moose Issuer Voted - For For
1.5. Elect Director Joseph Neubauer Issuer Voted - Withhold For
1.6. Elect Director Thomas H. O' Brien Issuer Voted - For For
1.7. Elect Director Hugh B. Price Issuer Voted - For For
1.8. Elect Director Ivan G. Seidenberg Issuer Voted - For For
1.9. Elect Director Walter V. Shipley Issuer Voted - For For
1.10. Elect Director John R. Stafford Issuer Voted - For For
1.11. Elect Director Robert D. Storey Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Provide for Cumulative Voting Shareholder Voted - For Against
4. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against
5. Require Majority of Independent Directors
on Board Shareholder Voted - Against Against
6. Separate Chairman and CEO Positions Shareholder Voted - For Against
7. Amend Director/Officer Liability/
Indemnifications Provisions Shareholder Voted - Against Against
8. Report on Political Contributions Shareholder Voted - Against Against

VODAFONE GROUP PLC-ADR

Ticker: VOD CUSIP/SEDOL: 92857W100

Meeting Date: July 27, 2004

Bishop Street Equity Fund

Proposal Proposed by Registrant Voted Management Recommendation

VODAFONE GROUP PLC-ADR (continued)

5. To Re-Elect Sir David Scholey as a Director
(Member of the Nominations and Governance
and Audit Committee) Issuer Voted - For For
6. To Elect Luc Vandevelde as a Director (Member
of the Remuneration Committee) Issuer Voted - For For
7. To Approve a Final Dividend of 1.07800 Pence
Per Ordinary Share Issuer Voted - For For
8. Ratify Auditors Issuer Voted - For For
9. To Authorize the Audit Committee to Determine
the Auditors Remuneration Issuer Voted - For For
10. To Authorize Donations Under the Political
Parties, Elections and Referendums Act 2000 Issuer Voted - For For
11. To Renew Authority to Allot Shares Under
Article 16.2 of the Company's Articles of
Association Issuer Voted - For For
12. To Renew Authority to Disapply Pre-Emption
Rights Under Article 16.3 of the Company's
Articles of Association Issuer Voted - For For
13. To Authorize the Company's purchase of its
Own Shares Issuer Voted - For For
14. To Authorize the Company's Purchase of its own
Shares Pursuant to Contingent Purchase
Contracts and Off-Market Purchases Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

Accenture Ltd

CUSIP: G1150G111 Meeting Type: Annual

TICKER: ACN MEETING DATE: 2/2/2005

01 Director Issuer
1 Joe W. Forehand Issuer Voted - For For
2 Blythe J. Mcgarvie Issuer Voted - For For
3 Sir Mark Moody-Stuart Issuer Voted - For For
02 Approval Of Bye-Law Amendments To Relocate
Into The Bye-Laws Existing Contractual
Restrictions Applicable To Class A Common
Shares Of Partners And Former Partners
Beneficially Owned By Them Prior To
Accenture's Initial Public Offering. Issuer Voted - For For
03 Re-Appointment Of KPMG LLP As Independent
Auditors For The 2005 Fiscal Year And
Authorization Of The Audit Committee Of The
Board Of Directors To Determine
KPMG LLP's Remuneration. Issuer Voted - For For

Affiliated Computer Services, Inc.

CUSIP: 008190100 Meeting Type: Annual

TICKER: ACS MEETING DATE: 10/28/2004

01 Director Issuer
1 Darwin Deason Issuer Voted - For For
2 Jeffrey A. Rich Issuer Voted - For For
3 Mark A. King For
4 Joseph P. O'Neill Issuer Voted - For For
5 Frank A. Rossi Issuer Voted - For For
6 J. Livingston Kosberg Issuer Voted - For For
7 Dennis McCuistion Issuer Voted - For For
02 To Approve The Performance-Based Incentive
Compensation For The Corporation's Executive
Officers Issuer Voted - For For
03 To Ratify The Appointment Of
PriceWaterhouseCoopers LLP As The
Corporations Independent Registered Public
Accounting Firm For Fiscal Year 2005 Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

Avaya Inc.

CUSIP: 053499109 Meeting Type: Annual

TICKER: AV MEETING DATE: 2/15/2005

01 Director Issuer
1 Philip A. Odeen Issuer Voted - For For
2 Hellene S. Runtagh Issuer Voted - For For
3 Paula Stern Issuer Voted - For For
4 Richard F. Wallman Issuer Voted - For For

Bed Bath & Beyond Inc.

CUSIP: 075896100 Meeting Type: Annual

Ticker: Bbby Meeting Date: 7/1/2004

01 Director Issuer
1 Warren Eisenberg-3yr Issuer Voted - For For
2 Victoria A Morrison-3yr Issuer Voted - For For
3 Stanley Barshay-3yr Issuer Voted - For For
4 Fran Stoller-2yr Issuer Voted - For For
5 Jordan Heller-1yr Issuer Voted - For For
02 Ratification Of The Appointment Of
KPMG LLP Issuer Voted - Against For
03 Ratification Of The Adoption Of The 2004
Incentive Compensation Plan. Issuer Voted - For For
04 Shareholder Proposal; Glass Ceiling Report. Shareholder Voted - Against Against
05 Shareholder Proposal; Executive Stockholdings. Shareholder Abstain Against

BJ Services Company

CUSIP: 055482103 Meeting Type: Annual

TICKER: BJS MEETING DATE: 3/24/2005

01 Director Issuer
1 L. William Heiligbrodt Issuer Voted - For For
2 James L. Payne Issuer Voted - For For
3 J.W. Stewart Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

Coach, Inc.

CUSIP: 189754104 Meeting Type: Annual

TICKER: COH MEETING DATE: 11/3/2004

01 Director Issuer
1 Joseph Ellis Issuer Voted - For For
2 Lew Frankfort Issuer Voted - For For
3 Sally Frame Kasaks Issuer Voted - For For
4 Gary Loveman Issuer Voted - For For
5 Irene Miller Issuer Voted - For For
6 Keith Monda Issuer Voted - For For
7 Michael Murphy Issuer Voted - For For
02 Adoption Of The Coach, Inc. 2004 Stock
Incentive Plan Issuer Voted - For For

Colchester Street Trust

CUSIP: 316175207 Meeting Type: Special

TICKER: FMPXX MEETING DATE: 3/16/2005

01 To Amend The Trust Instrument To Allow The
Board Of Trustees, If Permitted By Applicable
Law, To Authorize Fund Mergers Without
Shareholder Approval. Issuer Did Not Vote N/A
02 Director Issuer
1 Laura B. Cronin Issuer Did Not Vote N/A
2 Dennis J. Dirks Issuer Did Not Vote N/A
3 Robert M. Gates Issuer Did Not Vote N/A
4 George H. Heilmeier Issuer Did Not Vote N/A
5 Abigail P. Johnson Issuer Did Not Vote N/A
6 Edward C. Johnson 3d Issuer Did Not Vote N/A
7 Marie L. Knowles Issuer Did Not Vote N/A
8 Ned C. Lautenbach Issuer Did Not Vote N/A
9 Marvin L. Mann Issuer Did Not Vote N/A
10 William O. McCoy Issuer Did Not Vote N/A
11 Robert L. Reynolds Issuer Did Not Vote N/A
12 Cornelia M. Small Issuer Did Not Vote N/A
13 William S. Stavropoulos Issuer Did Not Vote N/A
14 Kenneth L. Wolfe Issuer Did Not Vote N/A

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

Dell Inc.

CUSIP: 24702r101 Meeting Type: Annual

TICKER: DELL MEETING DATE: 7/16/2004

01 Director Issuer
1 Donald J. Carty Issuer Voted - For For
2 Michael S. Dell Issuer Voted - For For
3 William H. Gray, III Issuer Voted - For For
4 Judy C. Lewent Issuer Voted - For For
5 Thomas W. Luce, III Issuer Voted - For For
6 Klaus S. Luft Issuer Voted - For For
7 Alex J. Mandl Issuer Voted - For For
8 Michael A. Miles Issuer Voted - For For
9 Samuel A. Nunn, Jr. Issuer Voted - For For
10 Kevin B. Rollins Issuer Voted - For For
02 Ratification Of Independent Auditors Issuer Voted - For For
03 Stockholder Proposal Relating To Expensing
Stock Options Shareholder Abstain Against

Electronic Arts Inc.

CUSIP: 285512109 Meeting Type: Annual

TICKER: ERTS MEETING DATE: 7/29/2004

01 Director Issuer
1 M. Richard Asher Issuer Voted - For For
2 William J. Byron Issuer Voted - For For
3 Leonard S. Coleman Issuer Voted - For For
4 Gary M. Kusin Issuer Voted - For For
5 Gregory B. Maffei Issuer Voted - For For
6 Timothy Mott Issuer Voted - For For
7 Robert W. Pittman Issuer Voted - For For
8 Lawrence F. Probst III Issuer Voted - For For
9 Linda J. Srere Issuer Voted - For For
02 Amendments To The 2000 Equity Incentive
Plan Issuer Abstain Against
03 Amendment To The 2000 Employee Stock
Purchase Plan Issuer Voted - For For
04 Amendment Of The Certificate Of Incorporation
To Consolidate Common Stock Issuer Voted - For For
05 Amendment Of The Certificate Of Incorporation
To Increase The Number Of Authorized Shares
Of Common Stock Issuer Voted - Against For
06 Ratification Of Appointment Of Independent
Auditors Issuer Abstain Against

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

H&R Block, Inc.

CUSIP: 093671105 Meeting Type: Annual

TICKER: HRB MEETING DATE: 9/8/2004

01 Director Issuer
1 Donna R. Ecton Issuer Voted - For For
2 Louis W. Smith Issuer Voted - For For
3 Rayford Wilkins, Jr. Issuer Voted - For For
02 The Approval Of An Amendment To The
Company's Articles Of Incorporation To Increase
The Number Of Authorized Shares Of
Common Stock, Without Par Value, From
500,000,000 To 800,000,000shares. Issuer Voted - For For
03 The Approval Of An Amendment To The 1989
Stock Option Plan For Outside Directors To
Extend The Plan For Five Years, Such That It
Will Terminate, Unless Further Extended, On
December 5, 2009. Issuer Voted - For For
04 The Approval Of Amendments To The 1999
Stock Option Plan For Seasonal Employees To (I) Extendthe Plan For Two
Years, Such That It Will Terminate, Unless Further Extended, On
December 31, 2006 And (II) Increase The Aggregate Number Of Shares Of
Common Stock Issuable Under The Plan From
20,000,000 To 23,000,000. Issuer Voted - For For
05 Ratification Of The Appointment Of KPMG LLP
As The Company's Independent Accountants
For The Year Ending April 30, 2005. Issuer Voted - For For

International Game Technology

CUSIP: 459902102 Meeting Type: Annual

TICKER: IGT MEETING DATE: 3/1/2005

01 Director Issuer
1 Neil Barsky Issuer Voted - For For
2 Robert A. Bittman Issuer Voted - For For
3 Richard R. Burt Issuer Voted - For For
4 Leslie S. Heisz Issuer Voted - For For
5 Robert A. Mathewson Issuer Voted - For For
6 Thomas J. Matthews Issuer Voted - For For
7 Robert Miller Issuer Voted - For For
8 Frederick B. Rentschler Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

International Game Technology (continued)

02 Approval Of The Amendment To The
International Game Technology 2002 Stock
Incentive Plan. Issuer Voted - For For
03 Ratification Of Appointment Of Deloitte &
Touche LLP As IGT's Independent Auditors
For The Fiscal Year Ending
September 30, 2005. Issuer Voted - For For

Ivax Corporation

CUSIP: 465823102 Meeting Type: Annual

TICKER: IVX MEETING DATE: 7/15/2004

01 Director Issuer
1 Betty G. Amos Issuer Did Not Vote N/A
2 Mark Andrews Issuer Did Not Vote N/A
3 Ernst Biekert, Ph.D. Issuer Did Not Vote N/A
4 Paul L. Cejas Issuer Did Not Vote N/A
5 Jack Fishman, Ph.D. Issuer Did Not Vote N/A
6 Neil Flanzraich Issuer Did Not Vote N/A
7 Phillip Frost, M.D. Issuer Did Not Vote N/A
8 Bruce W. Greer Issuer Did Not Vote N/A
9 Jane Hsiao, Ph.D. Issuer Did Not Vote N/A
10 David A. Lieberman Issuer Did Not Vote N/A
11 Richard C. Pfenniger Jr Issuer Did Not Vote N/A
12 Bertram Pitt, M.D. Issuer Did Not Vote N/A
02 Approval Of 2004 Incentive Compensation Plan Issuer Did Not Vote N/A

Jabil Circuit, Inc.

CUSIP: 466313103 Meeting Type: Annual

TICKER: JBL MEETING DATE: 1/20/2005

01 Director Issuer
1 William D. Morean Issuer Voted - For For
2 Thomas A. Sansone Issuer Voted - For For
3 Timothy L. Main Issuer Voted - For For
4 Lawrence J. Murphy Issuer Voted - For For
5 Mel S. Lavitt Issuer Voted - For For
6 Steven A. Raymund Issuer Voted - For For
7 Frank A. Newman Issuer Voted - For For
8 Laurence S. Grafstein Issuer Voted - For For
02 To Ratify The Selection Of KPMG LLP As
Independent Registered Public Accountants
For Jabil. Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

Legg Mason, Inc.

CUSIP: 524901105 Meeting Type: Annual

TICKER: LM MEETING DATE: 7/20/2004

01 Director Issuer
1 Harold L. Adams Issuer Voted - For For
2 James W. Brinkley Issuer Voted - For For
3 Raymond A. Mason Issuer Voted - For For
4 Margaret M. Richardson Issuer Voted - For For
5 Kurt L. Schmoke Issuer Voted - For For
02 Amendment Of The Legg Mason, Inc. 1996
Equity Incentive Plan. Issuer Abstain Against
03 Amendment Of The Legg Mason, Inc. Stock
Option Plan For Non-Employee Directors. Issuer Voted - For For

Microchip Technology Incorporated

CUSIP: 595017104 Meeting Type: Annual

TICKER: MCHP MEETING DATE: 8/20/2004

01 Director Issuer
1 Steve Sanghi Issuer Voted - For For
2 Albert J. Hugo-Martinez Issuer Voted - For For
3 L.B. Day Issuer Voted - For For
4 Matthew W. Chapman Issuer Voted - For For
5 Wade F. Meyercord Issuer Voted - For For
02 Proposal To Amend Our 1994 International
Employee Stock Purchase Plan To Increase
By100,000 Shares The Number Of Shares
Reserved For Issuance Under Such Plan. Issuer Voted - For For
03 Proposal To Approve Our 2004 Equity Incentive
Plan, Including Approval Of Its Material
Terms And Performance Goals For Purposes
Of Internal Revenue Code Section 162(M). Issuer Voted - For For

Morgan Stanley

CUSIP: 617446448 Meeting Type: Annual

TICKER: MWD MEETING DATE: 3/15/2005

01 Director Issuer
1 John E. Jacob Issuer Voted - For For
2 Charles F. Knight Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

Morgan Stanley (continued)

3 Miles L. Marsh Issuer Voted - For For
4 Laura D'andrea Tyson Issuer Voted - For For
02 To Ratify The Appointment Of Deloitte &
Touche LLP As Independent Auditors. Issuer Voted - For For
03 To Amend The Certificate Of Incorporation To
Institute Annual Election Of Directors. Issuer Voted - For For
04 Shareholder Proposal To Limit CEO
Compensation. Shareholder Against For

National Semiconductor Corporation

CUSIP: 637640103 Meeting Type: Annual

TICKER: NSM MEETING DATE: 10/1/2004

01 Director Issuer
1 Brian L. Halla Issuer Did Not Vote N/A
2 Steven R. Appleton Issuer Did Not Vote N/A
3 Gary P. Arnold Issuer Did Not Vote N/A
4 Richard J. Danzig Issuer Did Not Vote N/A
5 Robert J. Frankenberg Issuer Did Not Vote N/A
6 E. Floyd Kvamme Issuer Did Not Vote N/A
7 Modesto A. Maidique Issuer Did Not Vote N/A
8 Edward R. Mccracken Issuer Did Not Vote N/A
02 To Approve KPMG LLP As Auditors Of The
Company. Issuer Did Not Vote N/A
03 To Approve The Adoption Of The Executive
Officer Incentive Plan, As Amended. Issuer Did Not Vote N/A
04 To Approve The Adoption Of The 2005 Executive
Officer Equity Plan. Issuer Did Not Vote N/A

RenaissanceRe Holdings Ltd.

CUSIP: G7496G103 Meeting Type: Special

TICKER: RNR MEETING DATE: 8/31/2004

01 To Approve The Renaissance Re Holdings Ltd.
2004 Stock Incentive Plan. Issuer Voted - For For

The Goldman Sachs Group, Inc.

CUSIP: 38141G104 Meeting Type: Annual

TICKER: GS MEETING DATE: 4/6/2005

01 Director Issuer
1 John H. Bryan Issuer Voted - For For
2 Stephen Friedman Issuer Voted - For For

Bishop Street Strategic Growth Fund

Proposal Proposed by Registrant Voted Management Recommendation

The Goldman Sachs Group, Inc. (continued)

3 William W. George Issuer Voted - For For
4 Henry M. Paulson, Jr. Issuer Voted - For For
02 Approval Of Amendments To Our Amended
And Restated Certificate Of Incorporation To
Provide For The Annual Election Of All Of
Our Directors. Issuer Voted - For For
03 Ratification Of The Appointment Of
PriceWaterhouseCoopers LLP As Our
Independent Auditors For Our 2005
Fiscal Year. Issuer Voted - For For

Tyco International Ltd.

CUSIP: 902124106 Meeting Type: Annual

TICKER: TYC MEETING DATE: 3/10/2005

01 Director Issuer
1 Dennis C. Blair Issuer Voted - For For
2 Edward D. Breen Issuer Voted - For For
3 George W. Buckley Issuer Voted - For For
4 Brian Duperreault Issuer Voted - For For
5 Bruce S. Gordon Issuer Voted - For For
6 Rajiv L. Gupta Issuer Voted - For For
7 John A. Krol Issuer Voted - For For
8 Mackey J. McDonald Issuer Voted - For For
9 H. Carl Mccall Issuer Voted - For For
10 Brendan R. O'Neill Issuer Voted - For For
11 Sandra S. Wijnberg Issuer Voted - For For
12 Jerome B. York Issuer Voted - For For
02 Re-Appointment Of Deloitte & Touche LLP As
Tyco's Independent Auditors And Authorization
For The Audit Committee Of The Board Of
Directors To Set The Auditors' Remuneration. Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

3M CO

Ticker: MMM CUSIP/SEDOL: 88579Y101

Meeting Date: May 10, 2005

ALCOA INC.

Ticker: AA CUSIP/SEDOL: 13817101

Meeting Date: April 22, 2005

1.1. Elect Director Joseph T. Gorman Issuer Voted - For For
1.2. Elect Director Klaus Kleinfeld Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

ALTRIA GROUP, INC.

Ticker: MO CUSIP/SEDOL: 02209S103

Meeting Date: April 28, 2005

1.1. Elect Director Elizabeth E. Bailey Issuer Voted - For For
1.2. Elect Director Harold Brown Issuer Voted - For For
1.3. Elect Director Mathis Cabiallavetta Issuer Voted - For For
1.4. Elect Director Louis C. Camilleri Issuer Voted - For For
1.5. Elect Director J. Dudley Fishburn Issuer Voted - For For
1.6. Elect Director Robert E. R. Huntley Issuer Voted - For For
1.7. Elect Director Thomas W. Jones Issuer Voted - Withhold For
1.8. Elect Director George Munoz Issuer Voted - For For
1.9. Elect Director Lucio A. Noto Issuer Voted - For For
1.10. Elect Director John S. Reed Issuer Voted - For For
1.11. Elect Director Carlos Slim Helu Issuer Voted - For For
1.12. Elect Director Stephen M. Wolf Issuer Voted - For For
2. Approve Omnibus Stock Plan Issuer Voted - For For
3. Amend Non-Employee Director Stock Option
Plan Issuer Voted - For For
4. Ratify Auditors Issuer Voted - For For
5. Eliminate Animal Testing Shareholder Voted - Against Against
6. Product Warnings for Pregnant Women Shareholder Voted - Against Against
7. Cease Use of Light and Ultra Light in Cigarette
Marketing Shareholder Voted - Against Against
8. Apply Fire Safety Standards for Cigarettes Shareholder Voted - Against Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

AMERICAN EXPRESS CO.

Ticker: AXP CUSIP/SEDOL: 25816109

Meeting Date: April 27, 2005

APPLIED MATERIALS INC

Ticker: AMAT CUSIP/SEDOL: 38222105

Meeting Date: March 23, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

AVON PRODUCTS, INC.

Ticker: AVP CUSIP/SEDOL: 54303102

Meeting Date: May 05, 2005

1.1. Elect Director Fred Hassan Issuer Voted - For For
1.2. Elect Director Ann S. Moore Issuer Voted - For For
1.3. Elect Director Lawrence A. Weinbach Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Declassify the Board of Directors Issuer Voted - For For
4. Amend Omnibus Stock Plan Issuer Voted - For For
5. Disclose Charitable Contributions and
Fundraising Efforts Shareholder Voted - Against Against
6. Reformulate Products to Remove Chemicals
Banned by EU Shareholder Voted - Against Against

BED BATH & BEYOND INC

Ticker: BBBY CUSIP/SEDOL: 75896100

Meeting Date: July 01, 2004

1.1. Elect Director Warren Eisenberg Issuer Voted - For For
1.2. Elect Director Victoria A. Morrison Issuer Voted - For For
1.3. Elect Director Stanley Barshay Issuer Voted - For For
1.4. Elect Director Fran Stoller Issuer Voted - For For
1.5. Elect Director Jordan Heller Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - For For
4. Glass Ceiling Shareholder Voted - Against Against
5. Adopt Retention Ratio for Executives Shareholder Voted - For Against

BOSTON SCIENTIFIC CORP.

Ticker: BSX CUSIP/SEDOL: 101137107

Meeting Date: May 10, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

BRINKER INTL INC

Ticker: EAT CUSIP/SEDOL: 109641100

Meeting Date: November 04, 2004

CARNIVAL CORP.

Ticker: CCL CUSIP/SEDOL: 143658300

Meeting Date: April 13, 2005

1.1. Elect Director Micky Arison Issuer Voted - For For
1.2. Elect Director Amb Richard G. Capen Jr Issuer Voted - For For
1.3. Elect Director Robert H. Dickinson Issuer Voted - For For
1.4. Elect Director Arnold W. Donald Issuer Voted - For For
1.5. Elect Director Pier Luigi Foschi Issuer Voted - For For
1.6. Elect Director Howard S. Frank Issuer Voted - For For
1.7. Elect Director Richard J. Glasier Issuer Voted - For For
1.8. Elect Director Baroness Hogg Issuer Voted - For For
1.9. Elect Director A. Kirk Lanterman Issuer Voted - For For
1.10. Elect Director Modesto A. Maidique Issuer Voted - For For
1.11. Elect Director John P. Mcnulty Issuer Voted - For For
1.12. Elect Director Sir John Parker Issuer Voted - For For
1.13. Elect Director Peter G. Ratcliffe Issuer Voted - For For
1.14. Elect Director Stuart Subotnick Issuer Voted - For For
1.15. Elect Director Uzi Zucker Issuer Voted - For For
2. To Approve the Amend and Restated Carnival
Corporation 2001 Outside Director Stock Plan Issuer Voted - For For
3. To Approve the Carnival PLC 2005 Employee
Share Plan Issuer Voted - For For
4. To Approve the Carnival PLC 2005 Employee
Stock Purchase Plan Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

CARNIVAL CORP. (continued)

5. Ratify Auditors Issuer Voted - For For
6. To Authorize the Audit Committee of
Carnival PLC to Agree the Remuneration of the
Independent Auditors Issuer Voted - For For
7. To Receive the Accounts and Reports for
Carnival PLC for the Financial Year Ended
November 30, 2004 Issuer Voted - For For
8. To Approve the Directors Remuneration Report
of Carnival PLC Issuer Voted - For For
9. To Approve Limits on the Authority to Allot
Shares by Carnival PLC Issuer Voted - For For
10. To Approve the Disapplication of Pre-Emption
Rights for Carnival PLC Issuer Voted - For For
11. To Approve a General Authority for
Carnival PLC to Buy Back Carnival PLC
Ordinary Shares in the Open Market Issuer Voted - For For

CISCO SYSTEMS INC

Ticker: CSCO CUSIP/SEDOL: 17275R102

Meeting Date: November 18, 2004

CVS CORPORATION

Ticker: CVS CUSIP/SEDOL: 6734300540

Meeting Date: May 12, 2005

1.1. Elect Director W. Don Cornwell Issuer Voted - For For
1.2. Elect Director Thomas P. Gerrity Issuer Voted - For For
1.3. Elect Director Stanley P. Goldstein Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

CVS CORPORATION (continued)

DELL INC

Ticker: DELL CUSIP/SEDOL: 24702R101

Meeting Date: July 16, 2004

DEVON ENERGY CORP

Ticker: DVN CUSIP/SEDOL: 25179M103

Meeting Date: June 08, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

E.I. DU PONT DE NEMOURS & CO.

Ticker: DD CUSIP/SEDOL: 263534109

Meeting Date: April 27, 2005

1.1. Elect Director Alain J.P. Belda Issuer Voted - For For
1.2. Elect Director Richard H. Brown Issuer Voted - For For
1.3. Elect Director Curtis J. Crawford Issuer Voted - For For
1.4. Elect Director John T. Dillon Issuer Voted - For For
1.5. Elect Director Louisa C. Duemling Issuer Voted - For For
1.6. Elect Director Charles O. Holliday, Jr. Issuer Voted - For For
1.7. Elect Director Lois D. Juliber Issuer Voted - For For
1.8. Elect Director Masahisa Naitoh Issuer Voted - For For
1.9. Elect Director William K. Reilly Issuer Voted - For For
1.10. Elect Director H. Rodney Sharp, III Issuer Voted - For For
1.11. Elect Director Charles M. Vest Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Government Service of Employees Shareholder Voted - Against Against
4. Implement ILO Code of Conduct Shareholder Voted - Against Against
5. Executive Compensation Shareholder Voted - Against Against
6. Eliminate Animal Testing Shareholder Voted - Against Against
7. Report on Genetically Modified Organisms Shareholder Voted - Against Against
8. Performance- Based/Indexed Options Shareholder Voted - Against Against
9. Report on PFOA Chemical Remediation Shareholder Voted - Against Against

EXXON MOBIL CORP.

Ticker: XOM CUSIP/SEDOL: 30231G102

Meeting Date: May 25, 2005

1.1. Elect Director Michael J. Boskin Issuer Voted - For For
1.2. Elect Director William W. George Issuer Voted - For For
1.3. Elect Director James R. Houghton Issuer Voted - For For
1.4. Elect Director William R. Howell Issuer Voted - For For
1.5. Elect Director Reatha Clark King Issuer Voted - For For
1.6. Elect Director Philip E. Lippincott Issuer Voted - For For
1.7. Elect Director Henry A. McKinnell, Jr. Issuer Voted - For For
1.8. Elect Director Marilyn Carlson Nelson Issuer Voted - For For
1.9. Elect Director Lee R. Raymond Issuer Voted - For For
1.10. Elect Director Walter V. Shipley Issuer Voted - For For
1.11. Elect Director Rex W. Tillerson Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Political Contributions/Activities Shareholder Voted - Against Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

EXXON MOBIL CORP. (continued)

4. Review/Limit Executive Compensation Shareholder Voted - Against Against
5. Nominate Independent Directors with Industry
Experience Shareholder Voted - Against Against
6. Report on Payments to Indonesian Military Shareholder Voted - Against Against
7. Adopt Policy Prohibiting Discrimination based
on Sexual Orientation Shareholder Voted - For Against
8. Report on Potential Damage of Drilling in
Protected Regions Shareholder Voted - Against Against
9. Disclose Information Supporting the Company
Position on Climate Change Shareholder Voted - Against Against
10. Report on Company Policies for Compliance
with the Kyoto Protocol Shareholder Voted - For Against

FOREST LABS INC

Ticker: FRX CUSIP/SEDOL: 345838106

Meeting Date: August 11, 2004

GENERAL DYNAMICS CORP.

Ticker: GD CUSIP/SEDOL: 369550108

Meeting Date: May 04, 2005

1.1. Elect Director Nicholas D. Chabraja Issuer Voted - Withhold For
1.2. Elect Director James S. Crown Issuer Voted - Withhold For
1.3. Elect Director Lester Crown Issuer Voted - Withhold For
1.4. Elect Director William P. Fricks Issuer Voted - Withhold For
1.5. Elect Director Charles H. Goodman Issuer Voted - Withhold For
1.6. Elect Director Jay L. Johnson Issuer Voted - Withhold For
1.7. Elect Director George A. Joulwan Issuer Voted - Withhold For
1.8. Elect Director Paul G. Kaminski Issuer Voted - Withhold For
1.9. Elect Director John M. Keane Issuer Voted - Withhold For
1.10. Elect Director Lester L. Lyles Issuer Voted - Withhold For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

GENERAL DYNAMICS CORP. (continued)

1.11. Elect Director Carl E. Mundy, Jr Issuer Voted - Withhold For
1.12. Elect Director Robert Walmsley Issuer Voted - Withhold For
2. Ratify Auditors Issuer Voted - For For
3. Limit Executive Compensation Shareholder Voted - For Against
4. Report on Foreign Weapons Sales Shareholder Voted - Against Against

GENERAL ELECTRIC CO.

Ticker: GE CUSIP/SEDOL: 369604103

Meeting Date: April 27, 2005

1.1. Elect Director James I. Cash, Jr. Issuer Voted - For For
1.2. Elect Director William M. Castell Issuer Voted - For For
1.3. Elect Director Dennis D. Dammerman Issuer Voted - For For
1.4. Elect Director Ann M. Fudge Issuer Voted - For For
1.5. Elect Director Claudio X. Gonzalez Issuer Voted - Withhold For
1.6. Elect Director Jeffrey R. Immelt Issuer Voted - For For
1.7. Elect Director Andrea Jung Issuer Voted - For For
1.8. Elect Director Alan G. Lafley Issuer Voted - For For
1.9. Elect Director Ralph S. Larsen Issuer Voted - For For
1.10. Elect Director Rochelle B. Lazarus Issuer Voted - For For
1.11. Elect Director Sam Nunn Issuer Voted - For For
1.12. Elect Director Roger S. Penske Issuer Voted - For For
1.13. Elect Director Robert J. Swieringa Issuer Voted - For For
1.14. Elect Director Douglas A. Warner III Issuer Voted - For For
1.15. Elect Director Robert C. Wright Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Provide for Cumulative Voting Shareholder Voted - Against Against
4. Report on Nuclear Fuel Storage Risks Shareholder Voted - Against Against
5. Report on PCB Clean-up Costs Shareholder Voted - For Against
6. Adopt Policy on Overboarded Directors Shareholder Voted - For Against
7. Prepare a Sustainability Report Shareholder Voted - Against Against
8. Political Contributions/Activities Shareholder Voted - Against Against
9. Eliminate Animal Testing Shareholder Voted - Against Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

GENZYME CORP.

Ticker: GENZ CUSIP/SEDOL: 372917104

Meeting Date: May 26, 2005

GILEAD SCIENCES, INC.

Ticker: GILD CUSIP/SEDOL: 375558103

Meeting Date: May 10, 2005

GLOBAL SANTA FE CORP

Ticker: GSF CUSIP/SEDOL: G3930E101

Meeting Date: June 07, 2005

1.1. Elect Director Richard L. George Issuer Voted - For For
1.2. Elect Director Robert E. Rose Issuer Voted - For For
1.3. Elect Director Stephen J. Solarz Issuer Voted - For For
1.4. Elect Director Nader H. Shultan Issuer Voted - Withhold For
1.5. Proposal to Amend the Company's 2003 Long-
Term Incentive Plan to Reduce the Number of
Shares Authorized for Issuance Under the Plan
and Increase the Number of Such Shares
Available for Full-Value Stock Awards Issuer Voted - For For
1.6. Ratify Auditors Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

GOLDMAN SACHS GROUP INC

Ticker: GS CUSIP/SEDOL: 38141G104

Meeting Date: April 06, 2005

HALLIBURTON CO.

Ticker: HAL CUSIP/SEDOL: 406216101

Meeting Date: May 18, 2005

1.1. Elect Director Robert L. Crandall Issuer Voted - For For
1.2. Elect Director Kenneth T. Derr Issuer Voted - For For
1.3. Elect Director S. Malcolm Gillis Issuer Voted - For For
1.4. Elect Director W.R. Howell Issuer Voted - For For
1.5. Elect Director Ray L. Hunt Issuer Voted - For For
1.6. Elect Director David J. Lesar Issuer Voted - For For
1.7. Elect Director J. Landis Martin Issuer Voted - Withhold For
1.8. Elect Director Jay A. Precourt Issuer Voted - For For
1.9. Elect Director Debra L. Reed Issuer Voted - For For
1.10. Ratify Auditors Voted - For For
2. Submit Severance Agreement (Change-in-
Control) to Shareholder Vote Shareholder Voted - For Against
3. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against

HOME DEPOT, INC. (THE)

Ticker: HD CUSIP/SEDOL: 437076102

Meeting Date: May 26, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

HOME DEPOT, INC. (THE) (continued)

ILLINOIS TOOL WORKS INC.

Ticker: ITW CUSIP/SEDOL: 452308109

Meeting Date: May 06, 2005

1.1. Elect Director William F. Aldinger Issuer Voted - For For
1.2. Elect Director Michael J. Birck Issuer Voted - For For
1.3. Elect Director Marvin D. Brailsford Issuer Voted - For For
1.4. Elect Director Susan Crown Issuer Voted - For For
1.5. Elect Director Don H. Davis, Jr. Issuer Voted - For For
1.6. Elect Director W. James Farrell Issuer Voted - For For
1.7. Elect Director Robert C. McCormack Issuer Voted - For For
1.8. Elect Director Robert S. Morrison Issuer Voted - For For
1.9. Elect Director Harold B. Smith Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Implement China Principles Shareholder Voted - Against Against
4. Require a Majority Vote for the Election of
Directors Shareholder Voted - For Against

INTEL CORP.

Ticker: INTC CUSIP/SEDOL: 458140100

Meeting Date: May 18, 2005

1.1. Elect Director Craig R. Barrett Issuer Voted - For For
1.2. Elect Director Charlene Barshefsky Issuer Voted - For For
1.3. Elect Director E. John P. Browne Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

INTEL CORP. (continued)

1.4. Elect Director D. James Guzy Issuer Voted - For For
1.5. Elect Director Reed E. Hundt Issuer Voted - For For
1.6. Elect Director Paul S. Otellini Issuer Voted - For For
1.7. Elect Director David S. Pottruck Issuer Voted - For For
1.8. Elect Director Jane E. Shaw Issuer Voted - For For
1.9. Elect Director John L. Thornton Issuer Voted - For For
1.10. Elect Director David B. Yoffie Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Amend Omnibus Stock Plan Issuer Voted - For For
4. Amend Executive Incentive Bonus Plan Issuer Voted - For For

JOHNSON & JOHNSON

Ticker: JNJ CUSIP/SEDOL: 478160104

Meeting Date: April 28, 2005

1.1. Elect Director Mary Sue Coleman Issuer Voted - For For
1.2. Elect Director James G. Cullen Issuer Voted - For For
1.3. Elect Director Robert J. Darretta Issuer Voted - For For
1.4. Elect Director Michael M. E. Johns Issuer Voted - For For
1.5. Elect Director Ann Dibble Jordan Issuer Voted - For For
1.6. Elect Director Arnold G. Langbo Issuer Voted - For For
1.7. Elect Director Susan L. Lindquist Issuer Voted - For For
1.8. Elect Director Leo F. Mullin Issuer Voted - For For
1.9. Elect Director Christine A. Poon Issuer Voted - For For
1.10. Elect Director Steven S. Reinemund Issuer Voted - For For
1.11. Elect Director David Satcher Issuer Voted - For For
1.12. Elect Director William C. Weldon Issuer Voted - For For
2. Approve Omnibus Stock Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For

JPMORGAN CHASE & CO

Ticker: JPM CUSIP/SEDOL: 46625H100

Meeting Date: May 17, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

JPMORGAN CHASE & CO (continued)

1.8. Elect Director Director William H. Gray, III Issuer Voted - For For
1.9. Elect Director Director William B. Harrison, Jr Issuer Voted - For For
1.10. Elect Director Director Laban P. Jackson, Jr. Issuer Voted - For For
1.11. Elect Director Director John W. Kessler Issuer Voted - For For
1.12. Elect Director Director Robert I. Lipp Issuer Voted - For For
1.13. Elect Director Director Richard A. Manoogian Issuer Voted - For For
1.14. Elect Director Director David C. Novak Issuer Voted - For For
1.15. Elect Director Director Lee R. Raymond Issuer Voted - For For
1.16. Elect Director Director William C. Weldon Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Omnibus Stock Plan Issuer Voted - Against For
4. Establish Term Limits for Directors Shareholder Voted - Against Against
5. Separate Chairman and CEO Positions Shareholder Voted - For Against
6. Limit Executive Compensation Shareholder Voted - Against Against
7. Adopt Executive Benefit Policy Shareholder Voted - For Against

LINEAR TECHNOLOGY CORP

Ticker: LLTC CUSIP/SEDOL: 535678106

Meeting Date: November 03, 2004

MBIA INC.

Ticker: MBI CUSIP/SEDOL: 55262C100

Meeting Date: May 05, 2005

1.1. Elect Director Joseph W. Brown Issuer Voted - For For
1.2. Elect Director C. Edward Chaplin Issuer Voted - For For
1.3. Elect Director David C. Clapp Issuer Voted - For For
1.4. Elect Director Gary C. Dunton Issuer Voted - For For
1.5. Elect Director Claire L. Gaudiani Issuer Voted - For For
1.6. Elect Director Daniel P. Kearney Issuer Voted - For For
1.7. Elect Director Laurence H. Meyer Issuer Voted - For For
1.8. Elect Director Debra J. Perry Issuer Voted - For For
1.9. Elect Director John A. Rolls Issuer Voted - For For
2. Approve Executive Incentive Bonus Plan Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

MBIA INC. (continued)

3. Approve Omnibus Stock Plan Issuer Voted - For For
4. Remove Supermajority Vote Requirement Issuer Voted - For For
5. Permit to Act by Written Consent Issuer Voted - For For
6. Ratify Auditors Issuer Voted - For For

MEDTRONIC INC

Ticker: MDT CUSIP/SEDOL: 585055106

Meeting Date: August 26, 2004

1.1. Elect Director William R. Brody, M.D., Ph.D. Issuer Voted - For For
1.2. Elect Director Arthur D. Collins, Jr. Issuer Voted - For For
1.3. Elect Director Antonio M. Gotto, Jr., M.D.,
D. Phil. Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Charitable Contributions Shareholder Voted - Against Against

MERRILL LYNCH & CO., INC.

Ticker: MER CUSIP/SEDOL: 590188108

Meeting Date: April 22, 2005

1.1. Elect Director Jill K. Conway Issuer Voted - For For
1.2. Elect Director Heinz-Joachim Neuburger Issuer Voted - For For
1.3. Elect Director E. Stanley O'Neal Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Approve Non-Employee Director Restricted
Stock Plan Issuer Voted - For For
4. Provide for Cumulative Voting Shareholder Voted - For Against
5. Limit Executive Compensation Shareholder Voted - Against Against

MOHAWK INDUSTRIES, INC

Ticker: MHK CUSIP/SEDOL: 608190104

Meeting Date: May 18, 2005

1.1. Elect Director John F. Fiedler Issuer Voted - For For
1.2. Elect Director Jeffrey S. Lorberbaum Issuer Voted - For For
1.3. Elect Director Robert N. Pokelwaldt Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

MONTPELIER RE HOLDINGS LTD

Ticker: MRH CUSIP/SEDOL: G62185106

Meeting Date: May 20, 2005

1.1. Elect Director Raymond Barrette Issuer Voted - For For
1.2. Elect Director Steven J. Gilbert Issuer Voted - For For
1.3. Elect Director John D. Gillespie Issuer Voted - For For
1.4. Elect Director William L. Spiegel Issuer Voted - For For
1.5. Elect Director Anthony Taylor Issuer Voted - For For
1.6. Elect Director T.G. Story Busher Issuer Voted - For For
1.7. Elect Director C.R. Fletcher, III Issuer Voted - For For
1.8. Elect Director Kernan V. Oberting Issuer Voted - For For

MORGAN STANLEY

Ticker: MWD CUSIP/SEDOL: 617446448

Meeting Date: March 15, 2005

1.1. Elect Director John E. Jacob Issuer Voted - For For
1.2. Elect Director Charles F. Knight Issuer Voted - For For
1.3. Elect Director Miles L. Marsh Issuer Voted - For For
1.4. Elect Director Laura D'Andrea Tyson Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Declassify the Board of Directors Issuer Voted - For For
4. Limit Executive Compensation Shareholder Voted - Against Against

OMNICOM GROUP INC.

Ticker: OMC CUSIP/SEDOL: 681919106

Meeting Date: May 24, 2005

1.1. Elect Director John D. Wren Issuer Voted - For For
1.2. Elect Director Bruce Crawford Issuer Voted - For For
1.3. Elect Director Robert Charles Clark Issuer Voted - For For
1.4. Elect Director Leonard S. Coleman, Jr. Issuer Voted - For For
1.5. Elect Director Errol M. Cook Issuer Voted - For For
1.6. Elect Director Susan S. Denison Issuer Voted - For For
1.7. Elect Director Michael A. Henning Issuer Voted - For For
1.8. Elect Director John R. Murphy Issuer Voted - For For
1.9. Elect Director John R. Purcell Issuer Voted - For For
1.10. Elect Director Linda Johnson Rice Issuer Voted - For For
1.11. Elect Director Gary L. Roubos Issuer Voted - For For
2. Approve Executive Incentive Bonus Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

PAYCHEX INC

Ticker: PAYX CUSIP/SEDOL: 704326107

Meeting Date: October 06, 2004

PENTAIR, INC.

Ticker: PNR CUSIP/SEDOL: 709631105

Meeting Date: April 29, 2005

PEPSICO, INC.

Ticker: PEP CUSIP/SEDOL: 713448108

Meeting Date: May 04, 2005

1.1. Elect Director John F. Akers Issuer Voted - For For
1.2. Elect Director Robert E. Allen Issuer Voted - For For
1.3. Elect Director Ray L. Hunt Issuer Voted - For For
1.4. Elect Director Arthur C. Martinez Issuer Voted - For For
1.5. Elect Director Indra K. Nooyi Issuer Voted - For For
1.6. Elect Director Steven S Reinemund Issuer Voted - For For
1.7. Elect Director Sharon P. Rockefeller Issuer Voted - For For
1.8. Elect Director James J. Schiro Issuer Voted - For For
1.9. Elect Director Franklin A. Thomas Issuer Voted - For For
1.10. Elect Director Cynthia M. Trudell Issuer Voted - For For
1.11. Elect Director Solomon D. Trujillo Issuer Voted - For For
1.12. Elect Director Daniel Vasella Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Corporate Political Contributions Shareholder Voted - Against Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

PFIZER INC

Ticker: PFE CUSIP/SEDOL: 717081103

Meeting Date: April 28, 2005

PRAXAIR, INC

Ticker: PX CUSIP/SEDOL: 74005P104

Meeting Date: April 26, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

PROCTER & GAMBLE CO

Ticker: PG CUSIP/SEDOL: 742718109

Meeting Date: October 12, 2004

QUALCOMM INC

Ticker: QCOM CUSIP/SEDOL: 747525103

Meeting Date: March 08, 2005

1.1. Elect Director Robert E. Kahn Issuer Voted - For For
1.2. Elect Director Duane A. Nelles Issuer Voted - Withhold For
1.3. Elect Director Brent Scowcroft Issuer Voted - For For
2. Declassify the Board of Directors and Eliminate
Cumulative Voting Issuer Voted - For For
3. Increase Authorized Common Stock Issuer Voted - For For
4. Amend Articles Issuer Voted - For For
5. Ratify Auditors Issuer Voted - For For

SAP AG

Ticker: SAP CUSIP/SEDOL: 803054204

Meeting Date: May 12, 2005

1. Resolution on the Appropriation of the
Retained Earnings of the Fiscal Year 2004 Issuer Voted - For For
2. Resolution on the Formal Approval of the Acts of
the Executive Board in the Fiscal Year 2004 Issuer Voted - For For
3. Resolution on the Formal Approval of the Acts
of the Supervisory Board in the Fiscal
Year 2004 Issuer Voted - For For
4. Ratify Auditors Issuer Voted - For For
5. Elections of Members of the Supervisory Board Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

SAP AG (continued)

6. Resolution on the Adjustment of the Amounts and Figures Stated in
Section 4 (1) of the Articles of
Association (Capital Stock) Issuer Voted - For For
7. Resolution on the Cancellation of the Contingent
Capital IIA and on the Deletion of Section 4 (5)
of the Articles of Association Issuer Voted - For For
8. Reduction of Contingent Capital IIIA and
Adjustment of the Amounts and Figures Stated
in Section 4 (7) of the Articles Issuer Voted - For For
9. Resolution on the Amendment of Section 1(1) of
the Articles of Association (Corporate Name) Issuer Voted - For For
10. Resolution on the Adjustment of the Articles of
Association to Reflect the Provisions of the
German Act Issuer Voted - For For
11. Cancellation of Authorized Capital I and Creation
of a New Authorized Capital I Issuer Voted - For For
12. Cancellation of Authorized Capital II and Creation
of a New Authorized Capital Issuer Voted - For For
13. Resolution on the Authorization to Acquire and
use Treasury Shares Pursuant to the German
Stock Corporation Act Issuer Voted - For For
14. Resolution on the Authorization to use Equity
Derivatives in Connection with the Acquisition
of Treasury Shares Issuer Voted - Against For

SBC COMMUNICATIONS INC.

Ticker: SBC CUSIP/SEDOL: 78387G103

Meeting Date: April 29, 2005

1.1. Elect Director Gilbert F. Amelio Issuer Voted - For For
1.2. Elect Director August A. Busch III Issuer Voted - For For
1.3. Elect Director Martin K. Eby, Jr. Issuer Voted - For For
1.4. Elect Director James A. Henderson Issuer Voted - For For
1.5. Elect Director Charles F. Knight Issuer Voted - For For
1.6. Elect Director Lynn M. Martin Issuer Voted - For For
1.7. Elect Director John B. McCoy Issuer Voted - For For
1.8. Elect Director Mary S. Metz Issuer Voted - For For
1.9. Elect Director Toni Rembe Issuer Voted - For For
1.10. Elect Director S. Donley Ritchey Issuer Voted - For For
1.11. Elect Director Joyce M. Roche Issuer Voted - For For
1.12. Elect Director Laura D'Andrea Tyson Issuer Voted - For For
1.13. Elect Director Patricia P. Upton Issuer Voted - For For
1.14. Elect Director Edward E. Whitacre, Jr Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

SBC COMMUNICATIONS INC. (continued)

2. Ratify Auditors Issuer Voted - For For
3. Approve Nonqualified Employee Stock
Purchase Plan Issuer Voted - For For
4. Report on Political Contributions Shareholder Voted - Against Against
5. Report on Executive Compensation Shareholder Voted - Against Against
6. Performance- Based/Indexed Options Shareholder Voted - Against Against
7. Adopt Simple Majority Vote Shareholder Voted - For Against

SCHLUMBERGER LTD.

Ticker: SLB CUSIP/SEDOL: 806857108

Meeting Date: April 13, 2005

1.1. Elect Director J. Deutch Issuer Voted - Withhold For
1.2. Elect Director J.S. Gorelick Issuer Voted - For For
1.3. Elect Director A. Gould Issuer Voted - For For
1.4. Elect Director T. Isaac Issuer Voted - For For
1.5. Elect Director A. Lajous Issuer Voted - For For
1.6. Elect Director A. Levy-Lang Issuer Voted - For For
1.7. Elect Director M.E. Marks Issuer Voted - For For
1.8. Elect Director D. Primat Issuer Voted - For For
1.9. Elect Director T.I. Sandvold Issuer Voted - For For
1.10. Elect Director N. Seydoux Issuer Voted - For For
1.11. Elect Director L.G. Stuntz Issuer Voted - For For
1.12. Elect Director R. Talwar Issuer Voted - For For
2. Adoption and Approval of Financials and
Dividends Issuer Voted - For For
3. Adoptions of Mandatory Amendments to the
Articles of Incorporation Issuer Voted - For For
4. Adoption of Voluntary Amendments to the
Articles of Incorporation Issuer Voted - For For
5. Approval of Adoption of the Schlumberger
2005 Option Plan Issuer Voted - For For
6. Approval of Adoption of an Amendment to the
Schlumberger Discounted Stock Purchase Plan Issuer Voted - For For
7. Approval of Independent Registered Public
Accounting Firm Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

SYMANTEC CORPORATION

Ticker: SYMC CUSIP/SEDOL: 871503108

Meeting Date: September 15, 2004

THE ALLSTATE CORP.

Ticker: ALL CUSIP/SEDOL: 20002101

Meeting Date: May 17, 2005

1.1. Elect Director F. Duane Ackerman Issuer Voted - For For
1.2. Elect Director James G. Andress Issuer Voted - For For
1.3. Elect Director Edward A. Brennan Issuer Voted - For For
1.4. Elect Director W. James Farrell Issuer Voted - For For
1.5. Elect Director Jack M. Greenberg Issuer Voted - For For
1.6. Elect Director Ronald T. LeMay Issuer Voted - For For
1.7. Elect Director Edward M. Liddy Issuer Voted - For For
1.8. Elect Director J. Christopher Reyes Issuer Voted - For For
1.9. Elect Director H. John Riley, Jr. Issuer Voted - For For
1.10. Elect Director Joshua I. Smith Issuer Voted - For For
1.11. Elect Director Judith A. Sprieser Issuer Voted - For For
1.12. Elect Director Mary Alice Taylor Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Provide for Cumulative Voting Shareholder Voted - For Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

THE DOW CHEMICAL COMPANY

Ticker: DOW CUSIP/SEDOL: 260543103

Meeting Date: May 12, 2005

1.1. Elect Director Jacqueline K. Barton Issuer Voted - For For
1.2. Elect Director Anthony J. Carbone Issuer Voted - For For
1.3. Elect Director Barbara H. Franklin Issuer Voted - For For
1.4. Elect Director Andrew N. Liveris Issuer Voted - For For
1.5. Elect Director Harold T. Shapiro Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Persistent Bioaccumulative and
Toxic Chemicals Shareholder Voted - Against Against

THE ST PAUL TRAVELERS COMPANIES INC

Ticker: STA CUSIP/SEDOL: 792860108

Meeting Date: July 28, 2004

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

THE ST. PAUL TRAVELERS COMPANIES, INC.

Ticker: STA CUSIP/SEDOL: 792860108

Meeting Date: May 03, 2005

1.1. Elect Director John H. Dasburg Issuer Voted - For For
1.2. Elect Director Leslie B. Disharoon Issuer Voted - For For
1.3. Elect Director Janet M. Dolan Issuer Voted - For For
1.4. Elect Director Kenneth M. Duberstein Issuer Voted - For For
1.5. Elect Director Jay S. Fishman Issuer Voted - For For
1.6. Elect Director Lawrence G. Graev Issuer Voted - Withhold For
1.7. Elect Director Thomas R. Hodgson Issuer Voted - For For
1.8. Elect Director Robert I. Lipp Issuer Voted - For For
1.9. Elect Director Blythe J. McGarvie Issuer Voted - For For
1.10. Elect Director Glen D. Nelson, M.D. Issuer Voted - For For
1.11. Elect Director Clarence Otis, Jr. Issuer Voted - For For
1.12. Elect Director Charles W. Scharf Issuer Voted - For For
1.13. Elect Director Laurie J. Thomsen Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

TIME WARNER INC

Ticker: TWX CUSIP/SEDOL: 887317105

Meeting Date: May 20, 2005

1.1. Elect Director James L. Barksdale Issuer Voted - For For
1.2. Elect Director Stephen F. Bollenbach Issuer Voted - For For
1.3. Elect Director Stephen M. Case Issuer Voted - For For
1.4. Elect Director Frank J. Caufield Issuer Voted - For For
1.5. Elect Director Robert C. Clark Issuer Voted - For For
1.6. Elect Director Jessica P. Einhorn Issuer Voted - For For
1.7. Elect Director Miles R. Gilburne Issuer Voted - For For
1.8. Elect Director Carla A. Hills Issuer Voted - For For
1.9. Elect Director Reuben Mark Issuer Voted - For For
1.10. Elect Director Michael A. Miles Issuer Voted - For For
1.11. Elect Director Kenneth J. Novack Issuer Voted - For For
1.12. Elect Director Richard D. Parsons Issuer Voted - For For
1.14. Elect Director Francis T. Vincent, Jr Issuer Voted - For For
1.15. Elect Director Deborah C. Wright Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Report on Pay Disparity Shareholder Voted - Against Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

TYCO INTERNATIONAL LTD

Ticker: TYC CUSIP/SEDOL: 902124106

Meeting Date: March 10, 2005

1.1. Elect Director Dennis C. Blair Issuer Voted - For For
1.2. Elect Director Edward D. Breen Issuer Voted - For For
1.3. Elect Director George W. Buckley Issuer Voted - For For
1.4. Elect Director Brian Duperreault Issuer Voted - For For
1.5. Elect Director Bruce S. Gordon Issuer Voted - For For
1.6. Elect Director Rajiv L. Gupta Issuer Voted - For For
1.7. Elect Director John A. Krol Issuer Voted - For For
1.8. Elect Director Mackey J. Mcdonald Issuer Voted - Withhold For
1.9. Elect Director H. Carl Mccall Issuer Voted - For For
1.10. Elect Director Brendan R. O'Neill Issuer Voted - For For
1.11. Elect Director Sandra S. Wijnberg Issuer Voted - For For
1.12. Elect Director Jerome B. York Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

UNION PACIFIC CORP.

Ticker: UNP CUSIP/SEDOL: 907818108

Meeting Date: May 05, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

UNITED PARCEL SERVICE, INC.

Ticker: UPS CUSIP/SEDOL: 6734300540

Meeting Date: May 05, 2005

1.1. Elect Director John J. Beystehner Issuer Voted - For For
1.2. Elect Director Michael L. Eskew Issuer Voted - For For
1.3. Elect Director James P. Kelly Issuer Voted - For For
1.4. Elect Director Ann M. Livermore Issuer Voted - For For
1.5. Elect Director Gary E. Macdougal Issuer Voted - For For
1.6. Elect Director Victor A. Pelson Issuer Voted - For For
1.7. Elect Director Lea N. Soupata Issuer Voted - For For
1.8. Elect Director John W. Thompson Issuer Voted - Withhold For
1.9. Elect Director Carol B. Tome Issuer Voted - For For
1.10. Elect Director Ben Verwaayen Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

UNITED TECHNOLOGIES CORP.

Ticker: UTX CUSIP/SEDOL: 913017109

Meeting Date: April 13, 2005

1.1. Elect Director George David Issuer Voted - For For
1.2. Elect Director Jean-Pierre Garnier Issuer Voted - For For
1.3. Elect Director Jamie S. Gorelick Issuer Voted - For For
1.4. Elect Director Charles R. Lee Issuer Voted - For For
1.5. Elect Director Richard D. McCormick Issuer Voted - For For
1.6. Elect Director Harold McGraw III Issuer Voted - For For
1.7. Elect Director Frank P. Popoff Issuer Voted - For For
1.8. Elect Director H. Patrick Swygert Issuer Voted - For For
1.9. Elect Director Andre Villeneuve Issuer Voted - For For
1.10. Elect Director H. A. Wagner Issuer Voted - For For
2. Elect Director Christine Todd Whitman Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For
4. Approve Omnibus Stock Plan Issuer Voted - For For
5. Increase Disclosure of Executive Compensation Shareholder Voted - Against Against
6. Adopt Ethical Criteria for Military Contracts Shareholder Voted - Against Against
7. Limit Executive Compensation Shareholder Voted - Against Against

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

UNITEDHEALTH GROUP INC

Ticker: UNH CUSIP/SEDOL: 91324P102

Meeting Date: May 03, 2005

1.1. Elect Director Thomas H. Kean Issuer Voted - For For
1.2. Elect Director Robert L. Ryan Issuer Voted - For For
1.3. Elect Director William G. Spears Issuer Voted - For For
1.4. Elect Director Gail R. Wilensky, Ph.D. Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For
3. Performance- Based/Indexed Options Shareholder Voted - For Against
4. Performance- Based/Indexed Options Shareholder Voted - For Against

VERIZON COMMUNICATIONS

Ticker: VZ CUSIP/SEDOL: 9234V104

Meeting Date: May 05, 2005

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

VODAFONE GROUP PLC-ADR

Ticker: VOD CUSIP/SEDOL: 92857W100

Meeting Date: July 27, 2004

1. To Receive the Report of the Directors and
Financial Statements Issuer Voted - For For
2. To Approve the Remuneration Report Issuer Voted - For For
3. To Re-Elect Peter Bamford as a Director Issuer Voted - For For
4. To Re-Elect Julian Horn-Smith as a Director Issuer Voted - For For
5. To Re-Elect Sir David Scholey as a Director
(Member of the Nominations and Governance
and Audit Committee) Issuer Voted - For For
6. To Elect Luc Vandevelde as a Director (Member
of the Remuneration Committee) Issuer Voted - For For
7. To Approve a Final Dividend of 1.07800 Pence
Per Ordinary Share Issuer Voted - For For
8. Ratify Auditors Issuer Voted - For For
9. To Authorize the Audit Committee to Determine
the Auditors Remuneration Issuer Voted - For For
10. To Authorize Donations Under the Political
Parties, Elections and Referendums Act 2000 Issuer Voted - For For
11. To Renew Authority to Allot Shares Under
Article 16.2 of the Company's Articles of
Association Issuer Voted - For For
12. To Renew Authority to Disapply Pre-Emption
Rights Under Article 16.3 of the Company's
Articles of Association+ Issuer Voted - For For
13. To Authroize the Company's Purchase of its
Own Shares+ Issuer Voted - For For
14. To Authorize the Company's Purchase of its own
Shares Pursuant to Contingent Purchase
Contracts and Off-Market Purchases+ Issuer Voted - For For

WACHOVIA CORP

Ticker: WB CUSIP/SEDOL: 929903102

Meeting Date: October 28, 2004

1. Approve Merger Agreement Issuer Voted - For For

Bishop Street Tax Managed Fund

Proposal Proposed by Registrant Voted Management Recommendation

WASHINGTON MUTUAL, INC

Ticker: WM CUSIP/SEDOL: 939322103

Meeting Date: April 19, 2005

1.1. Elect Director Phillip D. Matthews Issuer Voted - For For
1.2. Elect Director Mary E. Pugh Issuer Voted - For For
1.3. Elect Director William G. Reed, Jr. Issuer Voted - For For
1.4. Elect Director James H. Stever Issuer Voted - For For
2. Ratify Auditors Issuer Voted - For For

WELLS FARGO & COMPANY

Ticker: WFC CUSIP/SEDOL: 949746101

Meeting Date: April 26, 2005

1.1. Elect Director J.A. Blanchard III Issuer Voted - For For
1.2. Elect Director Susan E. Engel Issuer Voted - For For
1.3. Elect Director Enrique Hernandez, Jr. Issuer Voted - For For
1.4. Elect Director Robert L. Joss Issuer Voted - For For
1.5. Elect Director Reatha Clark King Issuer Voted - For For
1.6. Elect Director Richard M. Kovacevich Issuer Voted - For For
1.7. Elect Director Richard D. McCormick Issuer Voted - For For
1.8. Elect Director Cynthia H. Milligan Issuer Voted - Withhold For
1.9. Elect Director Philip J. Quigley Issuer Voted - For For
1.10. Elect Director Donald B. Rice Issuer Voted - Withhold For
1.11. Elect Director Judith M. Runstad Issuer Voted - Withhold For
1.12. Elect Director Stephen W. Sanger Issuer Voted - For For
1.13. Elect Director Susan G. Swenson Issuer Voted - For For
1.14. Elect Director Michael W. Wright Issuer Voted - Withhold For
2. Amend Omnibus Stock Plan Issuer Voted - For For
3. Ratify Auditors Issuer Voted - For For
4. Adopt Policy on Payday Lenders Shareholder Voted - Against Against
5. Link Executive Compensation to Predatory
Lending Shareholder Voted - Against Against
6. Performance- Based/Indexed Options Shareholder Voted - For Against
7. Limit Executive Compensation Shareholder Voted - Against Against
8. Separate Chairman and CEO Positions Shareholder Voted - For Against

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.

Bishop Street Funds
By: /s/ Robert Nesher
Trustee and President
Date: June 30, 2005