UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act
file number: 811-21782
Name of registrant: Small Cap Value Fund
Address: 8150 N. Central Expwy #101, Dallas, Texas 75206
Agent for service: Laura S. Adams (same address)
Registrants phone number: 214-360-7410
Date of fiscal year end: December 31
Reporting period: June 30, 2005 through June 30, 2006
ABBREVIATIONS USED IN THIS REPORT
AGR AGREEMENT INDEP INDEPENDENCE
BD BOARD INDUS INDUSTRY
CERT CERTIFICATE INT INTERNATIONAL
CHAR CHAIRMAN MED MEDICINES
COMM COMMITTEE MGMT MANAGEMENT
CO COMPANY MODI MODIFIED
COMP COMPENSATION MTG MEETING
CONT CONTRIBUTION NONEMP NON-EMPLOYEE
CORP CORPORATION OPT STOCK OPTIONS
DECLS DECLASSIFY PERF PERFORMANCE
DEFER DEFERRED PL PLAN
DSHIPS DIRECTORSHIPS POL POLITICAL
ECON ECONOMIC PUR PURCHASE
EMP EMPLOYEE REP REPORT
EXEC EXECUTIVE REV REVENUES
EXP COSTS SHAR SHAREHOLDER
GOVT GOVERNMENT STD STANDARDS
INC INCORPORATED SKT STOCK
INCENT INCENTIVE SUST SUSTAINABILITY
PROXY VOTING FROM 6/30/05 TO 6/30/06
Company Mtg Matter Who Mgmt Vote
Symbol/Cusip Date Voted On From Rec Cast
- -------------- ---- --------------- ---- ---- ----
Sigmatel, Inc 04/26 Directors CO For For
SGTL 82661W107
Marine Products 04/25 Directors CO For For
MPX 568427108
Valassis Communications 04/09 Directors CO For For
VCI 918866104 04/09 IRS-Bonus Plan CO For For
04/09 Auditors CO For For
Deluxe Corporation 04/26 Directors CO For For
DLX 248019101 04/26 Auditors CO For For
Tempur-Pedic Int'l 04/28 Directors CO For For
TPX 88023U101 04/28 Auditors CO For For
Advance America Cash Adv05/18 Directors CO For For
AEA 00739W107 05/18 Auditors CO For For
4Kids Entertainment 05/25 Directors CO For For
KDE 350865101 05/25 Ratify Auditors CO For For
05/25 LT Comp Plan CO For For
Leadis Technology, Inc 06/09 Directors CO For For
LDIS 52171N103 06/09 Accounting Firm CO For For
Amerigroup Corporation 05/10 Directors CO For For
AGP 03073T102 05/10 Auditors CO For For
NU SKIN Enterprises, Inc05/25 Directors CO For For
NUS 67018T105 05/25 2006 Stock Incent Plan CO For For
05/25 2006 Sr. Exec Incent Pl CO For For
05/25 Ratify Auditors CO For For
DTS, Inc. 05/18 Directors CO For For
DTSI 23335C101 05/18 Auditors CO For For
RSA Security Inc 05/25 Directors CO For For
RSAS 749719100 05/25 Auditors CO For For
Plantronics, Inc. 07/26 Directors CO For For
PLT 727493108 07/26 2003 Stock Incent Plan CO For For
07/26 2002 Stock Purch Plan CO For For
07/26 Performance Bonus Plan CO For For
07/26 Ratify Auditors CO For For
- --------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940
Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
(Registrant) SMALL CAP VALUE FUND
Signature and Title
By: /s/ Laura S. Adams
President
Date: 07/14/06