******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-06673
Reporting Period: 07/01/2005 - 06/30/2006
The Parnassus Income Funds

                                    FORM N-PX

         ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

Investment Company Act file number    811-06673

Parnassus Income Funds
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               (Exact name of registrant as specified in charter)

One Market - Steuart Tower #1600  San Francisco, CA  94105
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(Address of principal executive offices)

Debra Early
Parnassus Income Funds
One Market - Steuart Tower #1600  San Francisco, CA  94105
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                    (Name and address of agent for service)

Registrant's telephone number, including area code:  (415) 778-0200

Date of fiscal year end:   December 31

Date of reporting period:   07/01/2005 to 06/30/2006







============================== EQUITY INCOME FUND ==============================


3M CO

Ticker:       MMM            Security ID:  88579Y101
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Linda G. Alvarado          For       For        Management
1.2   Elect Director Edward M. Liddy            For       For        Management
1.3   Elect Director Robert S. Morrison         For       For        Management
1.4   Elect Director Aulana L. Peters           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Performance-Based                         Against   For        Shareholder
5     Adopt Animal Welfare Policy               Against   Against    Shareholder
6     Implement China Principles                Against   Against    Shareholder


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AFLAC INCORPORATED

Ticker:       AFL            Security ID:  001055102
Meeting Date: MAY 1, 2006    Meeting Type: Annual
Record Date:  FEB 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Daniel P. Amos             For       For        Management
1.2   Elect Director John Shelby Amos, II       For       For        Management
1.3   Elect Director Michael H. Armacost        For       Withhold   Management
1.4   Elect Director Kriss Cloninger, III       For       For        Management
1.5   Elect Director Joe Frank Harris           For       For        Management
1.6   Elect Director Elizabeth J. Hudson        For       For        Management
1.7   Elect Director Kenneth S. Janke Sr.       For       For        Management
1.8   Elect Director Douglas W. Johnson         For       For        Management
1.9   Elect Director Robert B. Johnson          For       For        Management
1.10  Elect Director Charles B. Knapp           For       For        Management
1.11  Elect Director Hidefumi Matsui            For       For        Management
1.12  Elect Director E. Stephen Purdom, M.D.    For       For        Management
1.13  Elect Director Barbara K. Rimer, Dr. Ph   For       For        Management
1.14  Elect Director Marvin R. Schuster         For       For        Management
1.15  Elect Director David Gary Thompson        For       For        Management
1.16  Elect Director Tohru Tonoike              For       For        Management
1.17  Elect Director Robert L. Wright           For       For        Management
2     Ratify Auditors                           For       For        Management


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AMGEN, INC.

Ticker:       AMGN           Security ID:  031162100
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  MAR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Frederick W. Gluck         For       For        Management
1.2   Elect Director J. Paul Reason             For       For        Management
1.3   Elect Director Donald B. Rice             For       For        Management
1.4   Elect Director Leonard D. Schaeffer       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Stock Retention                           Against   For        Shareholder
4     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
5     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
6     Develop an Animal Welfare Policy          Against   Against    Shareholder
7     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors
8     Report on Political Contributions         For       For        Shareholder


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APACHE CORP.

Ticker:       APA            Security ID:  037411105
Meeting Date: MAY 4, 2006    Meeting Type: Annual
Record Date:  MAR 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Frederick M. Bohen         For       Withhold   Management
1.2   Elect Director George D. Lawrence         For       Withhold   Management
1.3   Elect Director Rodman D. Patton           For       For        Management
1.4   Elect Director Charles J. Pitman          For       For        Management
1.5   Elect Director Jay A. Precourt            For       For        Management
2     Amend Non-Employee Director Stock Option  For       For        Management
      Plan


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AUTOMATIC DATA PROCESSING, INC.

Ticker:       ADP            Security ID:  053015103
Meeting Date: NOV 8, 2005    Meeting Type: Annual
Record Date:  SEP 9, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Gregory D. Brenneman       For       For        Management
1.2   Elect Director Leslie A. Brun             For       For        Management
1.3   Elect Director Gary C. Butler             For       For        Management
1.4   Elect Director Leon G. Cooperman          For       For        Management
1.5   Elect Director R. Glenn Hubbard           For       For        Management
1.6   Elect Director John P. Jones              For       For        Management
1.7   Elect Director Ann Dibble Jordan          For       For        Management
1.8   Elect Director Harvey M. Krueger          For       For        Management
1.9   Elect Director Frederic V. Malek          For       For        Management
1.10  Elect Director Henry Taub                 For       For        Management
1.11  Elect Director Arthur F. Weinbach         For       For        Management
2     Ratify Auditors                           For       For        Management


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AVERY DENNISON CORP.

Ticker:       AVY            Security ID:  053611109
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John T. Cardis             For       For        Management
1.2   Elect Director David E.I. Pyott           For       For        Management
1.3   Elect Director Dean A. Scarborough        For       For        Management
1.4   Elect Director Julia A. Stewart           For       For        Management
2     Ratify Auditors                           For       For        Management


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BALDOR ELECTRIC CO.

Ticker:       BEZ            Security ID:  057741100
Meeting Date: APR 22, 2006   Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Merlin J. Augustine, Jr    For       For        Management
1.2   Elect Director John A. Mcfarland          For       For        Management
1.3   Elect Director Robert L. Proost           For       For        Management
2     Approve Omnibus Stock Plan                For       Against    Management


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BAXTER INTERNATIONAL INC.

Ticker:       BAX            Security ID:  071813109
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Walter E. Boomer           For       For        Management
1.2   Elect Director James R. Gavin, III        For       For        Management
1.3   Elect Director Peter S. Hellman           For       For        Management
1.4   Elect Director K.J. Storm                 For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Establish Range For Board Size            For       For        Management
5     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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BROOKS AUTOMATION, INC.

Ticker:       BRKS           Security ID:  114340102
Meeting Date: MAR 7, 2006    Meeting Type: Annual
Record Date:  JAN 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director A. Clinton Allen          For       For        Management
1.2   Elect  Director Roger D. Emerick          For       For        Management
1.3   Elect  Director Edward C. Grady           For       For        Management
1.4   Elect  Director Amin J. Khoury            For       For        Management
1.5   Elect  Director Robert J. Lepofsky        For       For        Management
1.6   Elect  Director Joseph R. Martin          For       For        Management
1.7   Elect  Director John K. Mcgillicuddy      For       For        Management
1.8   Elect  Director Krishna G. Palepu         For       For        Management
1.9   Elect  Director Alfred Woollacott, III    For       For        Management
1.10  Elect  Director Mark S. Wrighton          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan


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CANON INC.

Ticker:       7751           Security ID:  138006309
Meeting Date: MAR 30, 2006   Meeting Type: Annual
Record Date:  DEC 29, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE PROPOSAL OF PROFIT        For       For        Management
      APPROPRIATION FOR THE 105TH BUSINESS TERM
2     PARTIAL AMENDMENT OF THE ARTICLES OF      For       For        Management
      INCORPORATION. GIST OF THIS ITEM IS SET
      FORTH IN THE ENCLOSED  REFERENCE
      MATERIALS FOR EXERCISE OF VOTING RIGHTS.
3     ELECTION OF TWENTY-SIX DIRECTORS          For       For        Management
4     ELECTION OF TWO CORPORATE AUDITORS        For       Against    Management
5     GRANT OF RETIRING ALLOWANCE TO DIRECTORS  For       Against    Management
      AND CORPORATE AUDITOR TO BE RETIRED


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CEDAR FAIR, L.P.

Ticker:       FUN            Security ID:  150185106
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael D. Kwiatkowski     For       Withhold   Management
1.2   Elect Director Steven H. Tishman          For       For        Management


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CHEROKEE, INC.

Ticker:       CHKE           Security ID:  16444H102
Meeting Date: JUN 13, 2006   Meeting Type: Annual
Record Date:  APR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert Margolis            For       Withhold   Management
1.2   Elect Director Timothy Ewing              For       Withhold   Management
1.3   Elect Director David Mullen               For       Withhold   Management
1.4   Elect Director Jess Ravich                For       Withhold   Management
1.5   Elect Director Keith Hull                 For       Withhold   Management
2     Approve Omnibus Stock Plan                For       For        Management


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CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 15, 2005   Meeting Type: Annual
Record Date:  SEP 16, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Carol A. Bartz            For       For        Management
1.2   Elect  Director M. Michele Burns          For       For        Management
1.3   Elect  Director Larry R. Carter           For       For        Management
1.4   Elect  Director John T. Chambers          For       For        Management
1.5   Elect  Director Dr. John L. Hennessy      For       For        Management
1.6   Elect  Director Richard M. Kovacevich     For       For        Management
1.7   Elect  Director Roderick C. McGeary       For       For        Management
1.8   Elect  Director James C. Morgan           For       For        Management
1.9   Elect  Director John P. Morgridge         For       For        Management
1.10  Elect  Director Steven M. West            For       For        Management
1.11  Elect  Director Jerry Yang                For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Ratify Auditors                           For       For        Management
4     Review/Limit Executive Compensation       Against   For        Shareholder
5     Report on Pay Disparity                   Against   Against    Shareholder
6     Report on Human Rights Policy             Against   Against    Shareholder


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CREDENCE SYSTEMS CORP.

Ticker:       CMOS           Security ID:  225302108
Meeting Date: MAR 21, 2006   Meeting Type: Annual
Record Date:  FEB 16, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Dipanjan Deb               For       For        Management
1.2   Elect Director Henk J. Evenhuis           For       For        Management
1.3   Elect Director Bruce R. Wright            For       For        Management
1.4   Elect Director Dave House                 For       For        Management
2     Ratify Auditors                           For       For        Management


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CYMER, INC.

Ticker:       CYMI           Security ID:  232572107
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Charles J. Abbe            For       For        Management
1.2   Elect Director Robert P. Akins            For       For        Management
1.3   Elect Director Edward H. Braun            For       For        Management
1.4   Elect Director Michael R. Gaulke          For       For        Management
1.5   Elect Director William G. Oldham, Ph.D.   For       For        Management
1.6   Elect Director Peter J. Simone            For       For        Management
1.7   Elect Director Young K. Sohn              For       For        Management
1.8   Elect Director Jon D. Tompkins            For       For        Management
2     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management


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DENTSPLY INTERNATIONAL, INC.

Ticker:       XRAY           Security ID:  249030107
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Wendy L. Dixon             For       For        Management
1.2   Elect Director Leslie A. Jones            For       For        Management
1.3   Elect Director Gerald K. Kunkle, Jr.      For       For        Management
2     Ratify Auditors                           For       For        Management


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DEVON ENERGY CORP.

Ticker:       DVN            Security ID:  25179M103
Meeting Date: JUN 7, 2006    Meeting Type: Annual
Record Date:  APR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert L. Howard           For       For        Management
1.2   Elect Director Micheal M. Kanovsky        For       Withhold   Management
1.3   Elect Director J. Todd Mitchell           For       For        Management
1.4   Elect Director Larry Nichols              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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EBAY INC.

Ticker:       EBAY           Security ID:  278642103
Meeting Date: JUN 13, 2006   Meeting Type: Annual
Record Date:  APR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William C. Ford, Jr.       For       For        Management
1.2   Elect Director Dawn G. Lepore             For       For        Management
1.3   Elect Director Pierre M. Omidyar          For       For        Management
1.4   Elect Director Richard T. Sclosberg, III  For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Ratify Auditors                           For       For        Management


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ELECTRO SCIENTIFIC INDUSTRIES, INC.

Ticker:       ESIO           Security ID:  285229100
Meeting Date: OCT 20, 2005   Meeting Type: Annual
Record Date:  AUG 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Barry L. Harmon           For       For        Management
1.2   Elect  Director W. Arthur Porter          For       For        Management
1.3   Elect  Director Gerald F. Taylor          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       For        Management


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ENERGEN CORP.

Ticker:       EGN            Security ID:  29265N108
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Judy M. Merritt            For       For        Management
1.2   Elect Director Stephen A. Snider          For       For        Management
1.3   Elect Director Gary C. Youngblood         For       For        Management


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FOOT LOCKER INC

Ticker:       FL             Security ID:  344849104
Meeting Date: MAY 24, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Alan D. Feldman            For       For        Management
1.2   Elect Director Jarobin Gilbert, Jr.       For       For        Management
1.3   Elect Director David Y. Schwartz          For       For        Management
1.4   Elect Director Cheryl Nido Turpin         For       For        Management
1.5   Elect Director Matthew M. McKenna         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management


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FREDDIE MAC

Ticker:       FRE            Security ID:  313400301
Meeting Date: JUL 15, 2005   Meeting Type: Annual
Record Date:  MAY 27, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Barbara T. Alexander      For       For        Management
1.2   Elect  Director Geoffrey T. Boisi         For       For        Management
1.3   Elect  Director Joan E. Donoghue          For       For        Management
1.4   Elect  Director Michelle Engler           For       For        Management
1.5   Elect  Director Richard Karl Goeltz       For       For        Management
1.6   Elect  Director Thomas S. Johnson         For       For        Management
1.7   Elect  Director William M. Lewis, Jr.     For       For        Management
1.8   Elect  Director Eugene M. Mcquade         For       For        Management
1.9   Elect  Director Shaun F. O'Malley         For       For        Management
1.10  Elect  Director Ronald F. Poe             For       For        Management
1.11  Elect  Director Stephen A. Ross           For       For        Management
1.12  Elect  Director Richard F. Syron          For       For        Management
1.13  Elect  Director William J. Turner         For       For        Management
2     Ratify Auditors                           For       For        Management


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GAP, INC., THE

Ticker:       GPS            Security ID:  364760108
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Howard P. Behar            For       For        Management
1.2   Elect Director Adrian D. P. Bellamy       For       For        Management
1.3   Elect Director Domenico De Sole           For       For        Management
1.4   Elect Director Donald G. Fisher           For       For        Management
1.5   Elect Director Doris F. Fisher            For       For        Management
1.6   Elect Director Robert J. Fisher           For       For        Management
1.7   Elect Director Penelope L. Hughes         For       For        Management
1.8   Elect Director Bob L. Martin              For       For        Management
1.9   Elect Director Jorge P. Montoya           For       For        Management
1.10  Elect Director Paul S. Pressler           For       For        Management
1.11  Elect Director James M. Schneider         For       For        Management
1.12  Elect Director Mayo A. Shattuck, III      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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GENERAL MILLS, INC.

Ticker:       GIS            Security ID:  370334104
Meeting Date: SEP 26, 2005   Meeting Type: Annual
Record Date:  JUL 28, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Paul Danos                 For       For        Management
1.2   Elect Director William T. Esrey           For       For        Management
1.3   Elect Director Raymond V. Gilmartin       For       For        Management
1.4   Elect Director Judith Richards Hope       For       For        Management
1.5   Elect Director Heidi G. Miller            For       For        Management
1.6   Elect Director H. Ochoa-Brillembourg      For       For        Management
1.7   Elect Director Steve Odland               For       For        Management
1.8   Elect Director Michael D. Rose            For       For        Management
1.9   Elect Director Robert L. Ryan             For       For        Management
1.10  Elect Director Stephen W. Sanger          For       For        Management
1.11  Elect Director A. Michael Spence          For       For        Management
1.12  Elect Director Dorothy A. Terrell         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Hire Advisor/Maximize Shareholder Value   Against   Against    Shareholder


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GRACO INC.

Ticker:       GGG            Security ID:  384109104
Meeting Date: APR 21, 2006   Meeting Type: Annual
Record Date:  FEB 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert G. Bohn             For       For        Management
1.2   Elect Director William G. Carroll         For       For        Management
1.3   Elect Director Jack W. Eugster            For       For        Management
1.4   Elect Director R. William Van Sant        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Approve Qualified Employee Stock Purchase For       For        Management
      Plan


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H. J. HEINZ CO.

Ticker:       HNZ            Security ID:  423074103
Meeting Date: AUG 23, 2005   Meeting Type: Annual
Record Date:  JUN 3, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William R. Johnson         For       For        Management
1.2   Elect Director Charles E. Bunch           For       For        Management
1.3   Elect Director Mary C. Choksi             For       For        Management
1.4   Elect Director Leonard S. Coleman, Jr.    For       For        Management
1.5   Elect Director Peter H. Coors             For       For        Management
1.6   Elect Director Edith E. Holiday           For       For        Management
1.7   Elect Director Candace Kendle             For       For        Management
1.8   Elect Director Dean R. O' Hare            For       For        Management
1.9   Elect Director Lynn C. Swann              For       For        Management
1.10  Elect Director Thomas J. Usher            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Hire Advisor/Maximize Shareholder Value   Against   Against    Shareholder
4     Adopt Simple Majority Vote                Against   For        Shareholder


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HOME DEPOT, INC. (THE)

Ticker:       HD             Security ID:  437076102
Meeting Date: MAY 25, 2006   Meeting Type: Annual
Record Date:  MAR 28, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Gregory D. Brenneman       For       Withhold   Management
1.2   Elect Director John L. Clendenin          For       Withhold   Management
1.3   Elect Director Claudio X. Gonzalez        For       Withhold   Management
1.4   Elect Director Milledge A. Hart, III      For       Withhold   Management
1.5   Elect Director Bonnie G. Hill             For       Withhold   Management
1.6   Elect Director Laban P. Jackson, Jr.      For       Withhold   Management
1.7   Elect Director Lawrence R. Johnston       For       Withhold   Management
1.8   Elect Director Kenneth G. Langone         For       Withhold   Management
1.9   Elect Director Angelo R. Mozilo           For       For        Management
1.10  Elect Director Robert L. Nardelli         For       Withhold   Management
1.11  Elect Director Thomas J. Ridge            For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Increase Disclosure of Executive          Against   For        Shareholder
      Compensation
4     Report on EEOC-Related Activities         Against   For        Shareholder
5     Separate Chairman and CEO Positions       Against   For        Shareholder
6     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors
7     Submit Supplemental Executive Retirement  Against   For        Shareholder
      Plans to Shareholder vote
8     Report on Political Contributions         Against   For        Shareholder
9     Increase Disclosure of Executive          Against   For        Shareholder
      Compensation
10    Affirm Political Non-partisanship         Against   For        Shareholder


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INTEGRATED CIRCUIT SYSTEMS, INC.

Ticker:       ICST           Security ID:  45811K208
Meeting Date: SEP 15, 2005   Meeting Type: Special
Record Date:  AUG 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management
3     Other Business                            For       Against    Management


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INTEGRATED DEVICE TECHNOLOGY, INC.

Ticker:       IDTI           Security ID:  458118106
Meeting Date: SEP 15, 2005   Meeting Type: Annual
Record Date:  JUL 27, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ken Kannappan              For       For        Management
1.2   Elect Director John Schofield             For       For        Management
1.3   Elect Director Ron Smith                  For       For        Management
2     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management


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INTEL CORP.

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 17, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Craig R. Barrett           For       For        Management
2     Elect Director Charlene Barshefsky        For       For        Management
3     Elect Director E. John P. Browne          For       For        Management
4     Elect Director D. James Guzy              For       For        Management
5     Elect Director Reed E. Hundt              For       For        Management
6     Elect Director Paul S. Otellini           For       For        Management
7     Elect Director James D. Plummer           For       For        Management
8     Elect Director David S. Pottruck          For       For        Management
9     Elect Director Jane E. Shaw               For       For        Management
10    Elect Director John L. Thornton           For       For        Management
11    Elect Director David B. Yoffie            For       For        Management
12    Rescind Fair Price Provision              For       For        Management
13    Amend Articles/Bylaws/Repeal              For       For        Management
      Supermajority Vote
14    Ratify Auditors                           For       For        Management
15    Approve Omnibus Stock Plan                For       For        Management
16    Approve Qualified Employee Stock Purchase For       For        Management
      Plan


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INTERNATIONAL BUSINESS MACHINES CORP.

Ticker:       IBM            Security ID:  459200101
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  FEB 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Cathleen Black             For       For        Management
1.2   Elect Director Kenneth I. Chenault        For       For        Management
1.3   Elect Director Juergen Dormann            For       For        Management
1.4   Elect Director Michael L. Eskew           For       Withhold   Management
1.5   Elect Director Shirley Ann Jackson        For       For        Management
1.6   Elect Director Minoru Makihara            For       For        Management
1.7   Elect Director Lucio A. Noto              For       For        Management
1.8   Elect Director James W. Owens             For       For        Management
1.9   Elect Director Samuel J. Palmisano        For       For        Management
1.10  Elect Director Joan E. Spero              For       For        Management
1.11  Elect Director Sidney Taurel              For       For        Management
1.12  Elect Director Charles M. Vest            For       For        Management
1.13  Elect Director Lorenzo H. Zambrano        For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Provide for Cumulative Voting             Against   For        Shareholder
4     Evaluate Age Discrimination in Retirement Against   Against    Shareholder
      Plans
5     Time-Based Equity Awards                  Against   For        Shareholder
6     Increase Disclosure of Executive          Against   For        Shareholder
      Compensation
7     Report on Outsourcing                     Against   Against    Shareholder
8     Implement/ Increase Activity on the China Against   Against    Shareholder
      Principles
9     Report on Political Contributions         Against   Against    Shareholder
10    Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors
11    Adopt Simple Majority Vote                Against   For        Shareholder


- --------------------------------------------------------------------------------

INVITROGEN CORP.

Ticker:       IVGN           Security ID:  46185R100
Meeting Date: APR 21, 2006   Meeting Type: Annual
Record Date:  FEB 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Gregory T. Lucier          For       For        Management
1.2   Elect Director Donald W. Grimm            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
4     Increase Authorized Common Stock          For       For        Management


- --------------------------------------------------------------------------------

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  FEB 28, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mary S. Coleman            For       For        Management
1.2   Elect Director James G. Cullen            For       For        Management
1.3   Elect Director Robert J. Darretta         For       For        Management
1.4   Elect Director Michael M. E. Johns        For       For        Management
1.5   Elect Director Ann D. Jordan              For       For        Management
1.6   Elect Director Arnold G. Langbo           For       For        Management
1.7   Elect Director Susan L. Lindquist         For       For        Management
1.8   Elect Director Leo F. Mullin              For       For        Management
1.9   Elect Director Christine A. Poon          For       For        Management
1.10  Elect Director Charles Prince             For       For        Management
1.11  Elect Director Steven S. Reinemund        For       For        Management
1.12  Elect Director David Satcher              For       For        Management
1.13  Elect Director William C. Weldon          For       For        Management
2     Amend Articles to Remove Antitakeover     For       For        Management
      Provision
3     Ratify Auditors                           For       For        Management
4     Disclose Charitable Contributions         Against   Against    Shareholder
5     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors


- --------------------------------------------------------------------------------

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John H. Biggs              For       For        Management
1.2   Elect Director Stephen B. Burke           For       For        Management
1.3   Elect Director James S. Crown             For       For        Management
1.4   Elect Director James Dimon                For       For        Management
1.5   Elect Director Ellen V. Futter            For       For        Management
1.6   Elect Director William H. Gray, III       For       For        Management
1.7   Elect Director William B. Harrison, Jr.   For       For        Management
1.8   Elect Director Laban P. Jackson, Jr.      For       For        Management
1.9   Elect Director John W. Kessler            For       For        Management
1.10  Elect Director Robert I. Lipp             For       For        Management
1.11  Elect Director Richard A. Manoogian       For       For        Management
1.12  Elect Director David C. Novak             For       For        Management
1.13  Elect Director Lee R. Raymond             For       For        Management
1.14  Elect Director William C. Weldon          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Put Repricing of Stock Options to         Against   Against    Shareholder
      Shareholder Vote
4     Performance-Based Equity Awards           Against   For        Shareholder
5     Separate Chairman and CEO Positions       Against   For        Shareholder
6     Remove Reference to Sexual Orientation    Against   Against    Shareholder
      from EEO Statement
7     Amend Articles/Bylaws/Charter -- Call     Against   For        Shareholder
      Special Meetings
8     Report on Lobbying Activities             Against   For        Shareholder
9     Report on Political Contributions         Against   For        Shareholder
10    Approve Terms of Existing Poison Pill     Against   Against    Shareholder
11    Provide for Cumulative Voting             Against   For        Shareholder
12    Claw-back of Payments under Restatements  Against   Against    Shareholder
13    Require Director Nominee Qualifications   Against   Against    Shareholder


- --------------------------------------------------------------------------------

LEAP WIRELESS INTERNATIONAL, INC.

Ticker:       LEAP           Security ID:  521863308
Meeting Date: SEP 15, 2005   Meeting Type: Annual
Record Date:  AUG 1, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James D. Dondero           For       For        Management
1.2   Elect Director John D. Harkey, Jr.        For       For        Management
1.3   Elect Director S. Douglas Hutcheson       For       For        Management
1.4   Elect Director Robert V. Lapenta          For       For        Management
1.5   Elect Director Mark H. Rachesky           For       Withhold   Management
1.6   Elect Director Michael B. Targoff         For       For        Management
2     Approve Qualified Employee Stock Purchase For       For        Management
      Plan


- --------------------------------------------------------------------------------

NOKIA CORP.

Ticker:       NOK            Security ID:  654902204
Meeting Date: MAR 30, 2006   Meeting Type: Annual
Record Date:  FEB 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE INCOME STATEMENTS AND THE For       For        Management
      BALANCE SHEETS.
2     PROPOSAL TO THE ANNUAL GENERAL MEETING OF For       For        Management
      A DIVIDEND OF EUR 0.37 PER SHARE.
3     APPROVAL OF THE DISCHARGE OF THE          For       For        Management
      CHAIRMAN, THE MEMBERS OF THE BOARD OF
      DIRECTORS AND THE PRESIDENT FROM
      LIABILITY.
4     APPROVAL OF THE REMUNERATION TO BE PAID   For       For        Management
      TO THE MEMBERS OF THE BOARD OF DIRECTORS.
5     PROPOSAL ON THE NUMBER OF MEMBERS OF THE  For       For        Management
      BOARD OF DIRECTORS AS PROPOSED BY THE
      CORPORATE GOVERNANCE AND NOMINATION
      COMMITTEE.
6.1   Elect  Director Paul J. Collins           For       For        Management
6.2   Elect  Director Georg Ehrnrooth           For       For        Management
6.3   Elect  Director Daniel R. Hesse           For       For        Management
6.4   Elect  Director Bengt Holmstrom           For       For        Management
6.5   Elect  Director Per Karlsson              For       For        Management
6.6   Elect  Director Edouard Michelin          For       For        Management
6.7   Elect  Director Jorma Ollila              For       For        Management
6.8   Elect  Director Marjorie Scardino         For       For        Management
6.9   Elect  Director Keijo Suila               For       For        Management
6.10  Elect  Director Vesa Vainio               For       For        Management
7     APPROVAL OF THE REMUNERATION TO BE PAID   For       For        Management
      TO THE AUDITOR.
8     APPROVAL OF THE RE-ELECTION OF            For       For        Management
      PRICEWATERHOUSECOOPERS OY AS THE AUDITORS
      FOR FISCAL YEAR 2006.
9     PROPOSAL OF THE BOARD TO REDUCE THE SHARE For       For        Management
      CAPITAL THROUGH CANCELLATION OF NOKIA
      SHARES HELD BY COMPANY.
10    AUTHORIZATION TO THE BOARD TO INCREASE    For       For        Management
      THE SHARE CAPITAL OF THE COMPANY.
11    AUTHORIZATION TO THE BOARD TO REPURCHASE  For       For        Management
      NOKIA SHARES.
12    AUTHORIZATION TO THE BOARD TO DISPOSE     For       For        Management
      NOKIA SHARES HELD BY THE COMPANY.
13    MARK THE  FOR  BOX IF YOU WISH TO         For       Against    Management
      INSTRUCT NOKIA S LEGAL COUNSELS TO VOTE
      IN THEIR DISCRETION ON YOUR BEHALF ONLY
      UPON ITEM 13.


- --------------------------------------------------------------------------------

ONEOK, INC.

Ticker:       OKE            Security ID:  682680103
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William L. Ford            For       For        Management
1.2   Elect Director Douglas Ann Newsom, Ph.D.  For       For        Management
1.3   Elect Director Gary D. Parker             For       For        Management
1.4   Elect Director Eduardo A. Rodriguez       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Separate Chairman and CEO Positions       Against   For        Shareholder


- --------------------------------------------------------------------------------

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326107
Meeting Date: OCT 12, 2005   Meeting Type: Annual
Record Date:  AUG 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director B. Thomas Golisano        For       For        Management
1.2   Elect  Director David J. S. Flaschen      For       Withhold   Management
1.3   Elect  Director Phillip Horsley           For       Withhold   Management
1.4   Elect  Director Grant M. Inman            For       Withhold   Management
1.5   Elect  Director Jonathan J. Judge         For       For        Management
1.6   Elect  Director J. Robert Sebo            For       For        Management
1.7   Elect  Director Joseph M. Tucci           For       Withhold   Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors


- --------------------------------------------------------------------------------

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  MAR 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael S. Brown           For       For        Management
1.2   Elect Director M. Anthony Burns           For       For        Management
1.3   Elect Director Robert N. Burt             For       For        Management
1.4   Elect Director W. Don Cornwell            For       For        Management
1.5   Elect Director William H. Gray, III       For       For        Management
1.6   Elect Director Constance J. Horner        For       For        Management
1.7   Elect Director William R. Howell          For       For        Management
1.8   Elect Director Stanley O. Ikenberry       For       For        Management
1.9   Elect Director George A. Lorch            For       Withhold   Management
1.10  Elect Director Henry A. McKinnell         For       For        Management
1.11  Elect Director Dana G. Mead               For       Withhold   Management
1.12  Elect Director Ruth J. Simmons            For       For        Management
1.13  Elect Director William C. Steere, Jr.     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Reduce Supermajority Vote Requirement     For       For        Management
4     Establish Term Limits for Directors       Against   Against    Shareholder
5     Social Proposal                           Against   Against    Shareholder
6     Restore or Provide for Cumulative Voting  Against   For        Shareholder
7     Separate Chairman and CEO Positions       Against   For        Shareholder
8     Report on Political Contributions         Against   Against    Shareholder
9     Report on Animal Welfare Policy           Against   Against    Shareholder
10    Reort on Animal-based Testing             Against   Against    Shareholder


- --------------------------------------------------------------------------------

PITNEY BOWES INC.

Ticker:       PBI            Security ID:  724479100
Meeting Date: MAY 8, 2006    Meeting Type: Annual
Record Date:  MAR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Anne Sutherland Fuchs      For       For        Management
1.2   Elect Director James H. Keyes             For       For        Management
1.3   Elect Director David L. Shedlarz          For       For        Management
1.4   Elect Director David B. Snow, Jr.         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Approve Qualified Employee Stock Purchase For       For        Management
      Plan


- --------------------------------------------------------------------------------

PROCTER & GAMBLE COMPANY, THE

Ticker:       PG             Security ID:  742718109
Meeting Date: JUL 12, 2005   Meeting Type: Special
Record Date:  MAY 19, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


- --------------------------------------------------------------------------------

PROCTER & GAMBLE COMPANY, THE

Ticker:       PG             Security ID:  742718109
Meeting Date: OCT 11, 2005   Meeting Type: Annual
Record Date:  AUG 12, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Bruce L. Byrnes            For       For        Management
1.2   Elect Director Scott D. Cook              For       For        Management
1.3   Elect Director Charles R. Lee             For       For        Management
1.4   Elect Director W. James McNerney, Jr.     For       For        Management
1.5   Elect Director Ernesto Zedillo            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Articles                            For       For        Management
4     Declassify the Board of Directors         For       For        Management
5     Report on Animal Welfare Policy           Against   For        Shareholder
6     Seek Sale of Company/Assets               Against   Against    Shareholder
7     Report on Political Contributions         Against   For        Shareholder


- --------------------------------------------------------------------------------

ROSS STORES, INC.

Ticker:       ROST           Security ID:  778296103
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael Balmuth            For       For        Management
1.2   Elect Director K. Gunnar Bjorklund        For       For        Management
1.3   Elect Director Sharon D. Garrett          For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

SERVICEMASTER COMPANY, THE

Ticker:       SVM            Security ID:  81760N109
Meeting Date: MAY 5, 2006    Meeting Type: Annual
Record Date:  MAR 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Eileen A. Kamerick         For       For        Management
1.2   Elect Director J. Patrick Spainhour       For       For        Management
1.3   Elect Director David K. Wessner           For       For        Management
2     Approve/Amend Executive Incentive Bonus   For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management
4     Declassify the Board of Directors         None      For        Shareholder
5     Report on Toxic Substances                Against   Against    Shareholder


- --------------------------------------------------------------------------------

SOUTHERN UNION CO.

Ticker:       SUG            Security ID:  844030106
Meeting Date: MAY 2, 2006    Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David L. Brodsky           For       For        Management
1.2   Elect Director Frank W. Denius            For       Withhold   Management
1.3   Elect Director Kurt A. Gitter, M.D.       For       For        Management
1.4   Elect Director Herbert H. Jacobi          For       For        Management
1.5   Elect Director Adam M. Lindemann          For       For        Management
1.6   Elect Director George L. Lindemann        For       For        Management
1.7   Elect Director Thomas N. McCarter, III    For       For        Management
1.8   Elect Director George Rountree, III       For       For        Management
1.9   Elect Director Alan D. Scherer            For       For        Management
2     Approve Sale of Company Assets            For       Against    Management
3     Approve Restructuring Plan                For       For        Management
4     Amend Omnibus Stock Plan                  For       Against    Management
5     Amend Executive Incentive Bonus Plan      For       For        Management
6     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

TAIWAN SEMICONDUCTOR MANUFACTURING CO.

Ticker:       TSM            Security ID:  874039100
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO ACCEPT 2005 BUSINESS REPORT AND        For       Did Not    Management
      FINANCIAL STATEMENTS.                               Vote
2     TO APPROVE THE PROPOSAL FOR DISTRIBUTION  For       Did Not    Management
      OF 2005 PROFITS.                                    Vote
3     TO APPROVE THE CAPITALIZATION OF 2005     For       Did Not    Management
      DIVIDENDS, 2005 EMPLOYEE PROFIT SHARING,            Vote
      AND CAPITAL SURPLUS.
4     TO APPROVE REVISIONS TO THE ARTICLES OF   For       Did Not    Management
      INCORPORATION.                                      Vote
5.1   Elect  Director Morris Chang              For       Did Not    Management
                                                          Vote
5.2   Elect  Director J.C. Lobbezoo             For       Did Not    Management
                                                          Vote
5.3   Elect  Director F.C. Tseng                For       Did Not    Management
                                                          Vote
5.4   Elect  Director Stan Shih                 For       Did Not    Management
                                                          Vote
5.5   Elect  Director Chintay Shih              For       Did Not    Management
                                                          Vote
5.6   Elect  Director Sir Peter L. Bonfield     For       Did Not    Management
                                                          Vote
5.7   Elect  Director Lester Carl Thurow        For       Did Not    Management
                                                          Vote
5.8   Elect  Director Rick Tsai                 For       Did Not    Management
                                                          Vote
5.9   Elect  Director Carleton S. Fiorina       For       Did Not    Management
                                                          Vote
5.10  Elect  Director James C. Ho               For       Did Not    Management
                                                          Vote
5.11  Elect  Director Michael E. Porter         For       Did Not    Management
                                                          Vote


- --------------------------------------------------------------------------------

TELEFLEX INC.

Ticker:       TFX            Security ID:  879369106
Meeting Date: MAY 5, 2006    Meeting Type: Annual
Record Date:  MAR 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jeffrey P. Black           For       For        Management
1.2   Elect Director S. W. W. Lubsen            For       For        Management
1.3   Elect Director Judith M Von Seldeneck     For       For        Management
1.4   Elect Director Harold L. Yoh, III         For       For        Management
1.5   Elect Director John J. Sickler            For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

TOWER GROUP, INC

Ticker:       TWGP           Security ID:  891777104
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  APR 4, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven G. Fauth            For       Withhold   Management
1.2   Elect Director Austin P. Young, III       For       Withhold   Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

TUESDAY MORNING CORP.

Ticker:       TUES           Security ID:  899035505
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Benjamin D. Chereskin      For       For        Management
1.2   Elect Director Kathleen Mason             For       For        Management
1.3   Elect Director William J. Hunckler, III   For       For        Management
1.4   Elect Director Robin P. Selati            For       For        Management
1.5   Elect Director Henry F. Frigon            For       For        Management
1.6   Elect Director Giles H. Bateman           For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

U.S. BANCORP

Ticker:       USB            Security ID:  902973304
Meeting Date: APR 18, 2006   Meeting Type: Annual
Record Date:  FEB 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Peter H. Coors             For       For        Management
1.2   Elect Director Jerry A. Grundhofer        For       For        Management
1.3   Elect Director Patrick T. Stokes          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Declassify the Board of Directors         Against   For        Shareholder
5     Approve Report of the Compensation        Against   For        Shareholder
      Committee


- --------------------------------------------------------------------------------

VERIZON COMMUNICATIONS

Ticker:       VZ             Security ID:  92343V104
Meeting Date: MAY 4, 2006    Meeting Type: Annual
Record Date:  MAR 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James R. Barker            For       For        Management
1.2   Elect Director Richard L. Carrion         For       For        Management
1.3   Elect Director Robert W. Lane             For       For        Management
1.4   Elect Director Sandra O. Moose            For       For        Management
1.5   Elect Director Joseph Neubauer            For       Withhold   Management
1.6   Elect Director Donald T. Nicolaisen       For       For        Management
1.7   Elect Director Thomas H. O'Brien          For       For        Management
1.8   Elect Director Clarence Otis, Jr.         For       For        Management
1.9   Elect Director Hugh B. Price              For       For        Management
1.10  Elect Director Ivan G. Seidenberg         For       For        Management
1.11  Elect Director Walter V. Shipley          For       For        Management
1.12  Elect Director John R. Stafford           For       For        Management
1.13  Elect Director Robert D. Storey           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   For        Shareholder
4     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors
5     Require Majority of Independent Directors Against   Against    Shareholder
      on Board
6     Company-Specific-Directors on Common      Against   Against    Shareholder
      Boards
7     Separate Chairman and CEO Positions       Against   For        Shareholder
8     Performance-Based and/or Time-Based       Against   Against    Shareholder
      Equity Awards
9     Report on Political Contributions         Against   For        Shareholder


- --------------------------------------------------------------------------------

WACHOVIA CORP.

Ticker:       WB             Security ID:  929903102
Meeting Date: APR 18, 2006   Meeting Type: Annual
Record Date:  FEB 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William H. Goodwin, Jr.    For       For        Management
1.2   Elect Director Robert A. Ingram           For       For        Management
1.3   Elect Director Mackey J. McDonald         For       Withhold   Management
1.4   Elect Director Lanty L. Smith             For       For        Management
1.5   Elect Director Ruth G. Shaw               For       For        Management
1.6   Elect Director Ernest S. Rady             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit Severance Agreement (Change in     Against   For        Shareholder
      Control) to shareholder Vote
4     Report on Political Contributions         Against   Against    Shareholder
5     Separate Chairman and CEO Positions       Against   Against    Shareholder
6     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors


- --------------------------------------------------------------------------------

WD-40 COMPANY

Ticker:       WDFC           Security ID:  929236107
Meeting Date: DEC 13, 2005   Meeting Type: Annual
Record Date:  OCT 17, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John C. Adams Jr.          For       For        Management
1.2   Elect Director Giles H. Bateman           For       For        Management
1.3   Elect Director Peter D. Bewley            For       For        Management
1.4   Elect Director Richard A. Collato         For       For        Management
1.5   Elect Director Mario L. Crivello          For       For        Management
1.6   Elect Director Linda A. Lang              For       For        Management
1.7   Elect Director Gary L. Luick              For       For        Management
1.8   Elect Director Kenneth E. Olson           For       For        Management
1.9   Elect Director Garry O. Ridge             For       For        Management
1.10  Elect Director Neal E. Schmale            For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

WELLS FARGO & COMPANY

Ticker:       WFC            Security ID:  949746101
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  MAR 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Lloyd H. Dean              For       For        Management
1.2   Elect Director Susan E. Engel             For       For        Management
1.3   Elect Director Enrique Hernandez, Jr.     For       For        Management
1.4   Elect Director Robert L. Joss             For       For        Management
1.5   Elect Director Richard M. Kovacevich      For       For        Management
1.6   Elect Director Richard D. McCormick       For       For        Management
1.7   Elect Director Cynthia H. Milligan        For       Withhold   Management
1.8   Elect Director Nicholas G. Moore          For       For        Management
1.9   Elect Director Philip J. Quigley          For       Withhold   Management
1.10  Elect Director Donald B. Rice             For       Withhold   Management
1.11  Elect Director Judith M. Runstad          For       For        Management
1.12  Elect Director Stephen W. Sanger          For       For        Management
1.13  Elect Director Susan G. Swenson           For       For        Management
1.14  Elect Director Michael W. Wright          For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   For        Shareholder
      of Directors
4     Separate Chairman and CEO Positions       Against   For        Shareholder
5     Compensation- Director Compensation       Against   Against    Shareholder
6     Report on Discrimination in Lending       Against   For        Shareholder

- --------------------------------------------------------------------------------

                                 SIGNATURES

     Pursuant to the  requirements  of the  Investment  Company Act of 1940, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


(Registrant)                Parnassus Income Funds
             -------------------------------------------------------------------


By (Signature and Title)    /s/ Jerome L. Dodson
                         -------------------------------------------------------
                            Jerome L. Dodson
                            President

Date:  August 14, 2006
     ---------------------------------------------------------------------------


========== END NPX REPORT