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, 2007 through June 30, 2008
Company Mtg Matter Who Mgmt Vote
Symbol/Cusip Date Voted On From Rec Cast
- -------------- ---- --------------- ---- ---- ----
Emmis Communications 07/11 Directors CO For For
EMMS 291525103 07/11 Ratify Accountants CO For For
07/11 Other issues proxy CO For For
Cogent, Inc. 07/30 Directors CO For For
COGT 19239Y108 07/30 Ratify Accountants CO For For
07/30 2004 Equity Incent plan CO For For
Pioneer Drilling Co 08/03 Directors CO For For
PDC 723655106 08/03 Ratify Accountants CO For For
08/03 2007 Equity Incent plan CO For For
JAKK'S Pacific, Inc. 08/17 Directors CO For For
PDC 723655106 08/17 Ratify Accountants CO For For
08/17 Other Measures CO For For
Palm, Inc. 09/12 Directors CO For For
PALM 696643105 09/12 Series B Stock CO For For
09/12 Purchase Agreement CO For For
09/12 Amend Cert of Inc. CO For For
09/12 Handspring 1998 inc pl CO For For
09/12 Handspring 1999 inc pl CO For For
09/12 Handspring 2000 inc pl CO For For
08/03 Palm 2001 stock opt pl CO For For
08/03 Ratify Auditors CO For For
China Bak Battery, Inc. 09/21 Directors CO For For
CBAK 16936Y100 09/21 Ratify Accountants CO For For
Worthington Industries 09/26 Directors CO For For
WOR 981811102 09/26 Ratify Accountants CO For For
09/26 Adopt Shareholder prop CO Against Against
Omnivision Technologies 09/26 Directors CO For For
OVTI 682128103 09/26 Ratify Accountants CO For For
09/26 2007 Equity Incent plan CO For
For
Genesis Microchip 10/09 Directors CO For For
GNSS 37184C103 10/09 Ratify Auditors CO For For
10/09 2007 Equity Inc Plan CO For For
10/09 2007 Emp Sock Plan CO For For
10/09 Amend Stock Option Plan CO For For
Hi-Tech Pharmacal 11/15 Directors CO For For
HITK 42840B101 11/15 1994 Directors Plan CO For For
11/15 Ratify Auditors CO For For
BeBe Stores, Inc 11/16 Directors CO For For
BEBE 075571109 11/16 Ratify Auditors CO For For
The Dress Barn, Inc
DBRN 261570105 11/28 Directors CO For For
Insteel Industries
IIIN 45774W108 2/19 Directors CO For For
Charlotte Russe
CHIC 161048103 2/13 Directors CO For For
2/13 Approval of Perf. Plan CO For For
2/13 Ratify Auditors CO For For
Mesa Air Group, Inc 4/17 Directors CO For For
MESA 590479101 4/17 Ratify Accountants CO For For
Pacer International 5/6 Elect Directors CO For For
PACR 69373H106 5/6 Ratify Appointment CO For For
5/6 Transact such other bus CO For For
Universal Forest Prod 4/16 Vote on Directors CO For For
UFPI 913543104 4/16 Approve Employee Stock CO For For
4/16 Ratify Appointment CO For For
Arkansas Best Corp 4/22 Elect Directors CO For For
ABFS 040790107 4/22 Ratify Appointment CO For For
4/22 Shareholder Proposal CO Abstain Abstain
Louisianna-Pacific Corp 5/1 Elect Directors Co For For
LPX 546347105 5/1 Ratify selection CO For For
Odyssey Healthcare Inc. 5/1 Election of Directors CO For For
ODSY 67611V101 5/1 Rat. Ernst&Young as Aud.CO For For
Aventine Renewable Ener.5/2 Election of Directors CO For For
AVR 05356X403 5/2 Rat. Ernst&Young as Aud.Co For For
K-Swiss Inc. 5/20 Election of Directors Co For For
KSWS 482686102 5/20 Rat. App of Gr. ThorntonCO For For
5/20 Apprvl of Stk Opt RepricCo For For
USG Corporation 5/14 Election of Directors Co For For
USG 903293405 5/14 Ratify Deloitte as AccouCO For For
ExpressJet Holdings 5/22 Election of Directors Co For For
XJT 30218U108 5/22 Rat. Appt. of Ern&Youn Co For For
Building Materials 5/06 Election of Directors Co For For
BLG 120113105 5/06 Apprv 08 Stk Incentives Co For For
5/06 Apprv Employ. Stk Purch Co For For
5/06 Rat. Indep. Accountants Co For For
FreightCar America Inc 5/14 Directors Recommend Co For For
RAIL 357023100 5/14 Apprv LT Incentive Plan CO For For
5/14 Rat. Appt. of Del&Touch Co For For
Builders Firstsource 5/22 Election of Directors Co For For
BLDR 12008R107 5/22 Apprv Exch OutStdng Stk Co For For
5/22 Ratify Prcewtrhscoopers Co For For
Viropharma Inc. 5/23 Election of Directors CO For For
VPHM 928241108 5/23 Amend 05 Equity Plan Co For For
5/23 Rat. KPMG as Accout.FirmCO For For
Mesa Air Group Inc. 5/13 Iss. stock for convt.repco For For
MESA 590479101
Pioneer Drilling Co 5/16 Apt. KPMG as auditor co For For
PDC 723655106 5/16 Vote for director co For For
Western Refining Inc. 5/22 Vote for directors co For For
WNR 959319104 5/22 Ratify Deloitte auditor co For For
Steven Madden LTD. 5/23 Election of Directors co For For
SHOO 556269108 5/23 Ratify Eisner auditor co For For
Kenneth Cole Production 5/29 Election of Directors co For For
KCP 193294105 5/29 Ratify E & Y accountant co For For
Rackable Systems Inc. 5/29 Election of directors co For For
RACK 750077109 5/29 Ratify Deloitte auditor co For For
5/29 proposal re:say-on pay co Against Against
5/29 Election of Directors SH For Against
5/29 Ratify Delliotte auditorSH For Against
5/29 proposal re: say-on pay SH For Against
Skechers U.S.A. Inc. 5/30 Election of directors co For For
SKX 830566105
H&E Equipment Services 6/03 Election of directors co For For
HEES 404030108 6/03 Ratify BDO Seid. accountco For For
Patterson-Uti Energy 6/05 Election of directors co For For
PTEN 703481101 6/05 Amendment to inc. sharesco For For
6/05 Ratify accounting firm co For For
ExpressJet Holdings 6/30 Issue shares to rep.bondco For For
XJET 30218U108 6/30 Authorize 200 addit sharco For For
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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: 08/04/08