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, 2006 through June 30, 2007
PROXY VOTING FROM 6/30/06 TO 6/30/07
Company Mtg Matter Who Mgmt Vote
Symbol/Cusip Date Voted On From Rec Cast
- -------------- ---- --------------- ---- ---- ----
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
RSA Security Inc 09/14 Merger CO For For
RSAS 749719100 09/14 Adjourn if necessary CO For For
Bebe Stores,Inc 11/17 Directors CO For For
BEBE 075571109 11/17 1997 Stock Plan CO For For
11/17 Ratify Auditors CO For For
Portal Player, Inc 01/07 Directors CO For For
PLAY 0736187204 01/07 Merger Agrmnt CO For For
01/07 Approve postponement CO For For
Schnitzer Steel Ind 01/31 Directors CO For For
SCHN 806882106
Emmis Communications 02/13 Directors CO For For
EMMS 291525103 02/13 Accountants CO For For
02/13 Recap Plan CO For For
Universal Tech Inst,Inc 02/28 Directors CO For For
UTI 913915104 02/28 Accountants CO For For
02/28 Incentive Comp Plan CO For For
Olin Corporation 04/26 Directors CO For For
OLN 680665205 04/26 Accounting Firm CO For For
Arkansas Best Corp 04/24 Directors CO For For
ABFS 040790107 04/24 Accountants CO For For
04/24 Declass Directors CO Against Against
Universal Forest Prod 04/18 Directors CO For For
UFPI 913543104 04/18 Accountants CO For For
04/18 Director Stock Plan CO For For
Louisiana Pacific Corp. 05/03 Directors CO For For
LPX 546347105 05/03 Accounting Firm CO For For
Building Materials 05/01 Directors CO For For
BLG 120113105 05/01 Ratify Accountants CO For For
05/01 2004 Incentive Plan CO For For
Olympic Steel, Inc. 04/27 Directors CO For For
ZEUS 68162K106 04/27 Omnibus Inc Plan CO For For
04/27 Code of Regulations CO For For
Earthlink, Inc. 05/01 Directors CO For For
ELNK 270321102 05/01 Accounting Firm CO For For
Journal register 05/02 Directors CO For For
JRN 481138105 05/02 Ratify Accountants CO For For
05/02 1997 Incentive Plan CO For For
Belo Corp 05/08 Directors CO For For
BLC 080555105 05/08 Ratify Accountants CO For For
05/08 Repeal class board SHAR Against Against
Symbion, Inc 05/08 Directors CO For For
SMBI 871507109 05/08 Ratify Accountants CO For For
Lojack Corp 05/17 Directors CO For For
LOJN 539451104 05/17 Ratify Accountants CO For For
Stone Energy Corp 05/17 Directors CO For For
SGY 861642106 05/17 Ratify Accountants CO For For
Odyssey Healthcare, Inc.05/03 Directors CO For For
ODSY 67611V101 05/03 Ratify Accountants CO For For
Polaris Industries Inc. 04/19 Directors CO For For
JRN 481138105 04/19 Omnibus Incentive CO For For
04/19 Other Business CO For For
Georgia Gulf Corp 05/15 Directors CO For For
GGC 373200203 05/15 2002 Incentive Plan CO For For
05/15 Auditor Ratify CO For For
Rackable Systems Inc 05/23 Directors CO For For
RACK 750077109 05/23 Ratify Auditors CO For For
Komag, Inc 05/23 Directors CO For For
KOMG 500453204 05/23 Ratify Auditors CO For For
Furniture Brands, Inc 05/03 Directors CO For For
FBN 360921100 05/03 Ratify Auditors CO For For
Labor Ready, Inc. 05/16 Directors CO For For
LRW 505401208 05/16 Ratify Auditors CO For For
A.S.V. Inc. 06/01 Directors CO For For
ASVI 001963107 06/01 Ratify Auditors CO For For
H&E Equipment Svs, Inc 06/05 Directors CO For For
HEES 404030108 06/05 Ratify Auditors CO For For
Patterson-UTI , Inc 06/07 Directors CO For For
PTEN 703481101 06/07 Ratify Auditors CO For For
Cavco Industries, Inc. 06/26 Directors CO For For
CVCO 149568107 06/26 Ratify Auditors CO For For
Pier 1 Imports, Inc. 06/28 Directors CO For For
PIR 720279108 06/28 Pay for Perf SHAR Against Against
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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: 08/27/07