UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number : 811-2742

Name of Registrant: Putnam Equity Income Fund

Address of Principal Executive Offices:
One Post Office Square
Boston, Massachusetts 02109

Name and address of agent of service:
Beth S. Mazor, Vice President
Putnam Equity Income Fund
One Post Office Square
Boston, Massachusetts 02109

Copy to:
John W. Gerstmayr, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110

Registrant's telephone number including area code:
(617) 292-1000

Date of fiscal year end:
11/30

Date of Reporting Period:
07/01/2005 - 06/30/2006

Item 1. Proxy Voting Record

========================== PUTNAM EQUITY INCOME FUND ===========================
ACE LTD.
Ticker:		ACE	Security ID:	G0070K103
Meeting Date: MAY 18,  2006 Meeting Type: Annual
Record Date:  MAR 31,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Michael G. Atieh		For	For	Management
1.2	Elect	Director Mary A. Cirillo		For	For	Management
1.3	Elect	Director Bruce L. Crockett		For	For	Management
1.4	Elect	Director Thomas J. Neff		For	For	Management
1.5	Elect	Director Gary M. Stuart		For	For	Management
2	APPROVAL OF AMENDMENT TO ACE LIMITED			For	For	Management
	EMPLOYEE STOCK PURCHASE PLAN.
3	RATIFICATION OF THE APPOINTMENT OF			For	For	Management
	PRICEWATERHOUSECOOPERS LLP AS THE
	INDEPENDENT REGISTERED PUBLIC ACCOUNTING
	FIRM OF ACE LIMITED FOR THE FISCAL YEAR
	ENDING DECEMBER  31, 2006.
--------------------------------------------------------------------------------
ALCOA INC.
Ticker:		AA	Security ID:	013817101
Meeting Date: APR 21,  2006 Meeting Type: Annual
Record Date:  JAN 23,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kathryn S. Fuller			For	For	Management
1.2	Elect Director Judith M. Gueron			For	For	Management
1.3	Elect Director Ernesto Zedillo			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
ALTRIA GROUP, INC.
Ticker:		MO	Security ID:	02209S103
Meeting Date: APR 27,  2006 Meeting Type: Annual
Record Date:  MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Elizabeth E. Bailey			For	For	Management
1.2	Elect Director Harold Brown			For	For	Management
1.3	Elect Director Mathis Cabiallavetta			For	For	Management
1.4	Elect Director Louis C. Camilleri			For	For	Management

1.5	Elect Director J. Dudley Fishburn			For	For	Management
1.6	Elect Director Robert E. R. Huntley			For	For	Management
1.7	Elect Director Thomas W. Jones			For	For	Management
1.8	Elect Director George Munoz			For	For	Management
1.9	Elect Director Lucio A. Noto			For	For	Management
1.10	Elect Director John S. Reed			For	For	Management
1.11	Elect Director Stephen M. Wolf			For	For	Management
2	Ratify Auditors			For	For	Management
3	Separate Chairman and CEO Positions			Against	Against	Shareholder
4	Adopt ILO Standards			Against	Against	Shareholder
5	Inform African Americans of Health Risks			Against	Against	Shareholder
	Associated with Menthol Cigarettes
6	Establish Fire Safety Standards for			Against	Against	Shareholder
	Cigarettes
7	Adopt Animal Welfare Policy			Against	Against	Shareholder
8	Support Legislation to Reduce Smoking			Against	Against	Shareholder
9	Provide Information on Second Hand Smoke			Against	Against	Shareholder
--------------------------------------------------------------------------------
AMERICAN INTERNATIONAL GROUP
Ticker:		AIG	Security ID: 026874107
Meeting Date: AUG 11, 2005			Meeting Type: A
Record Date: JUN 24, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect M. Bernard Aidinoff			For	For	Management
1.02	Elect Chia Pei-Yuan			For	For	Management
1.03	Elect Marshall A. Cohen			For	Withhold	Management
1.04	Elect William S. Cohen			For	For	Management
1.05	Elect Martin S. Feldstein			For	For	Management
1.06	Elect Ellen V. Futter			For	For	Management
1.07	Elect Stephen L. Hammerman			For	For	Management
1.08	Elect Carla A. Hills			For	For	Management
1.09	Elect Richard C. Holbrooke			For	For	Management
1.10	Elect Donald P. Kanak			For	For	Management
1.11	Elect George L. Miles Jr.			For	For	Management
1.12	Elect Morris W Offit			For	For	Management
1.13	Elect Martin J. Sullivan			For	For	Management
1.14	Elect Edmund Tse Sze-Wing			For	For	Management
1.15	Elect Frank G. Zarb			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
--------------------------------------------------------------------------------
AMERICAN INTERNATIONAL GROUP, INC.
Ticker:		AIG	Security ID: 026874107
Meeting Date: MAY 17, 2006			Meeting Type: Annual
Record Date: MAR 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Pei-yuan Chia			For	For	Management
1.2	Elect Director Marshall A. Cohen			For	Withhold	Management

1.3	Elect Director Martin S. Feldstein				For	For	Management
1.4	Elect Director Ellen V. Futter				For	For	Management
1.5	Elect Director Stephen L. Hammerman				For	Withhold	Management
1.6	Elect Director Richard C. Holbrooke				For	For	Management
1.7	Elect Director Fred H. Langhammer				For	For	Management
1.8	Elect Director George L. Miles, Jr.				For	For	Management
1.9	Elect Director Morris W. Offit				For	For	Management
1.10	Elect Director James F. Orr, III				For	For	Management
1.11	Elect Director Martin J. Sullivan				For	For	Management
1.12	Elect Director Michael H. Sutton				For	For	Management
1.13	Elect Director Edmund S.W. Tse				For	For	Management
1.14	Elect Director Robert B. Willumstad				For	For	Management
1.15	Elect Director Frank G. Zarb				For	For	Management
2	Ratify Auditors				For	For	Management
3	Approve Executive Incentive Bonus Plan				For	For	Management
--------------------------------------------------------------------------------
AUTOZONE, INC.
Ticker:		AZO	Security ID:	053332102
Meeting Date: DEC 14, 2005			Meeting Type: A
Record Date: OCT 17, 2005
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.01	Elect Charles M. Elson				For	For	Management
1.02	Elect Sue E. Gove				For	For	Management
1.03	Elect Earl G. Graves Jr.				For	For	Management
1.04	Elect N. Gerry House				For	For	Management
1.05	Elect J.R. Hyde III				For	For	Management
1.06	Elect Edward S. Lampert				For	For	Management
1.07	Elect W. Andrew McKenna				For	For	Management
1.08	Elect William C. Rhodes				For	For	Management
2.00	Ratify selection of auditors				For	For	Management
--------------------------------------------------------------------------------
AVNET INC
Ticker:		AVT	Security ID:	053807103
Meeting Date: NOV 10, 2005			Meeting Type: A
Record Date: SEP 12, 2005
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.01	Elect Eleanor Baum				For	For	Management
1.02	Elect J. Veronica Biggins				For	For	Management
1.03	Elect Lawrence W. Clarkson				For	For	Management
1.04	Elect Ehud Houminer				For	For	Management
1.05	Elect James A. Lawrence				For	For	Management
1.06	Elect Frank R. Noonan				For	For	Management
1.07	Elect Ray M. Robinson				For	Withhold	Management
1.08	Elect Peter M. Smitham				For	For	Management
1.09	Elect Gary L. Tooker				For	For	Management
1.10	Elect Roy Vallee				For	For	Management
2.00	Ratify selection of auditors				For	For	Management

--------------------------------------------------------------------------------
AXIS CAPITAL HOLDINGS LTD
Ticker:		AXS	Security ID: G0692U109
Meeting Date: MAY 12, 2006			Meeting Type: Annual
Record Date:  MAR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Michael A. Butt as Director		For	Did Not	Management
					Vote
1.2	Elect	John R. Charman as Director		For	Did Not	Management
					Vote
1.3	Elect	Charles A. Davis as Director		For	Did Not	Management
					Vote
2	Ratify Deloitte Touche LLP as Auditor and			For	Did Not	Management
	Authorize the Board to Fix their				Vote
	Remuneration
--------------------------------------------------------------------------------
BANK OF AMERICA CORP.
Ticker:		BAC	Security ID: 060505104
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date:  MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William Barnet, III			For	For	Management
1.2	Elect Director Frank P. Bramble, Sr.			For	For	Management
1.3	Elect Director John T. Collins			For	For	Management
1.4	Elect Director Gary L. Countryman			For	Withhold	Management
1.5	Elect Director Tommy R. Franks			For	For	Management
1.6	Elect Director Paul Fulton			For	For	Management
1.7	Elect Director Charles K. Gifford			For	Withhold	Management
1.8	Elect Director W. Steven Jones			For	For	Management
1.9	Elect Director Kenneth D. Lewis			For	For	Management
1.10	Elect Director Monica C. Lozano			For	For	Management
1.11	Elect Director Walter E. Massey			For	For	Management
1.12	Elect Director Thomas J. May			For	For	Management
1.13	Elect Director Patricia E. Mitchell			For	For	Management
1.14	Elect Director Thomas M. Ryan			For	For	Management
1.15	Elect Director O. Temple Sloan, Jr.			For	For	Management
1.16	Elect Director Meredith R. Spangler			For	For	Management
1.17	Elect Director Robert L. Tillman			For	For	Management
1.18	Elect Director Jackie M. Ward			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	Against	Management
4	Publish Political Contributions			Against	Against	Shareholder
5	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
6	Provide for an Independent Chairman			Against	Against	Shareholder
7	Exclude Reference to Sexual Orientation			Against	Against	Shareholder
	from the Company's EEO Statement

--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
BERKSHIRE HATHAWAY INC.
Ticker:		BRK.A	Security ID:	084670207
Meeting Date: MAY 6, 2006			Meeting Type: Annual
Record Date: MAR 8, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Warren E. Buffett				For	For	Management
1.2	Elect Director Charles T. Munger				For	For	Management
1.3	Elect Director Howard G. Buffett				For	For	Management
1.4	Elect Director Malcolm G. Chace				For	For	Management
1.5	Elect Director William H. Gates, III				For	For	Management
1.6	Elect Director David S. Gottesman				For	For	Management
1.7	Elect Director Charlotte Guyman				For	For	Management
1.8	Elect Director Donald R. Keough				For	For	Management
1.9	Elect Director Thomas S. Murphy				For	For	Management
1.10	Elect Director Ronald L. Olson				For	Withhold	Management
1.11	Elect Director Walter Scott, Jr.				For	For	Management
--------------------------------------------------------------------------------
BOEING CO., THE
Ticker:		BA	Security ID:	097023105
Meeting Date: MAY 1, 2006			Meeting Type: Annual
Record Date: MAR 3, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John H. Biggs				For	For	Management
1.2	Elect Director John E. Bryson				For	For	Management
1.3	Elect Director Linda Z. Cook				For	For	Management
1.4	Elect Director William M. Daley				For	For	Management

1.5	Elect Director Kenneth M. Duberstein			For	For	Management
1.6	Elect Director John F. McDonnell			For	For	Management
1.7	Elect Director W. James McNerney, Jr.			For	For	Management
1.8	Elect Director Richard D. Nanula			For	For	Management
1.9	Elect Director Rozanne L. Ridgway			For	For	Management
1.10	Elect Director Mike S. Zafirovski			For	For	Management
2	Approve Executive Incentive Bonus Plan			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Reduce Supermajority Vote Requirement			For	For	Management
5	Ratify Auditors			For	For	Management
6	Develop a Human Rights Policy			Against	Against	Shareholder
7	Develop Ethical Criteria for Military			Against	Against	Shareholder
	Contracts
8	Report on Charitable Contributions			Against	Against	Shareholder
9	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
10	Separate Chairman and CEO Positions			Against	Against	Shareholder
--------------------------------------------------------------------------------
BRISTOL-MYERS SQUIBB CO.
Ticker:		BMY	Security ID: 110122108
Meeting Date: MAY 2, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert E. Allen			For	For	Management
1.2	Elect Director Lewis B. Campbell			For	For	Management
1.3	Elect Director Vance D. Coffman			For	For	Management
1.4	Elect Director James M. Cornelius			For	For	Management
1.5	Elect Director Peter R. Dolan			For	For	Management
1.6	Elect Director Louis J. Freeh			For	For	Management
1.7	Elect Director Laurie H. Glimcher, M.D.			For	For	Management
1.8	Elect Director Leif Johansson			For	For	Management
1.9	Elect Director James D. Robinson, III			For	For	Management
2	Ratify Auditor			For	For	Management
3	Increase Disclosure of Executive			Against	Against	Shareholder
	Compensation
4	Provide for Cumulative Voting			Against	Against	Shareholder
5	Claw-back of Payments under Restatements			Against	Against	Shareholder
6	Report on Animal Welfare			Against	Against	Shareholder
7	Establish Term Limits for Directors			Against	Against	Shareholder
--------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP.
Ticker:		COF	Security ID: 14040H105
Meeting Date: APR 27, 2006			Meeting Type: Annual
Record Date: FEB 28, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard D. Fairbank			For	For	Management
1.2	Elect Director E.R. Campbell			For	For	Management

1.3	Elect Director Stanley Westreich			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
CARDINAL HEALTH INC
Ticker:		CAH	Security ID: 14149Y108
Meeting Date: NOV 2, 2005			Meeting Type: A
Record Date: SEP 9, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect J. Michael Losh			For	For	Management
1.02	Elect John B. McCoy			For	For	Management
1.03	Elect Michael D. O''Halleran			For	For	Management
1.04	Elect Jean G. Spaulding			For	For	Management
1.05	Elect Matthew D. Walter			For	For	Management
2.00	Adopt the 2005 Long Term Incentive Plan			For	Against	Management
3.00	Repeal classified board			For	For	Management
--------------------------------------------------------------------------------
CHEVRON CORPORATION
Ticker:		CVX	Security ID: 166764100
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Samuel H. Armacost			For	For	Management
1.2	Elect Director Linnet F. Deily			For	For	Management
1.3	Elect Director Robert E. Denham			For	For	Management
1.4	Elect Director Robert J. Eaton			For	For	Management
1.5	Elect Director Sam Ginn			For	For	Management
1.6	Elect Director Franklyn G. Jenifer			For	For	Management
1.7	Elect Director Sam Nunn			For	Withhold	Management
1.8	Elect Director David J. O'Reilly			For	For	Management
1.9	Elect Director Donald B. Rice			For	For	Management
1.10	Elect Director Peter J. Robertson			For	For	Management
1.11	Elect Director Charles R. Shoemate			For	For	Management
1.12	Elect Director Ronald D. Sugar			For	For	Management
1.13	Elect Director Carl Ware			For	For	Management
2	Ratify Auditors			For	For	Management
3	Company-Specific-Reimbursement of			Against	Against	Shareholder
	Stockholder Proposal
4	Report on Environmental Impact of			Against	Against	Shareholder
	Drilling in Sensitive Areas
5	Report on Political Contributions			Against	Against	Shareholder
6	Adopt an Animal Welfare Policy			Against	Against	Shareholder
7	Adopt a Human Rights Policy			Against	Against	Shareholder
8	Report on Remediation Expenses in Ecuador			Against	Against	Shareholder

--------------------------------------------------------------------------------
CHUBB CORP., THE
Ticker:		CB	Security ID:	171232101
Meeting Date: APR 25, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Zoe Baird				For	For	Management
1.2	Elect Director Sheila P. Burke				For	For	Management
1.3	Elect Director James I. Cash, Jr.				For	For	Management
1.4	Elect Director Joel J. Cohen				For	For	Management
1.5	Elect Director James M. Cornelius				For	For	Management
1.6	Elect Director John D. Finnegan				For	For	Management
1.7	Elect Director Klaus J. Mangold				For	For	Management
1.8	Elect Director Sir David G. Scholey				For	For	Management
1.9	Elect Director Raymond G.H. Seitz				For	For	Management
1.10	Elect Director Lawrence M. Small				For	For	Management
1.11	Elect Director Daniel E. Somers				For	For	Management
1.12	Elect Director Karen Hastie Williams				For	For	Management
1.13	Elect Director Alfred W. Zollar				For	For	Management
2	Approve Executive Incentive Bonus Plan				For	For	Management
3	Ratify Auditors				For	For	Management
4	Require a Majority Vote for the Election				Against	Against	Shareholder
	of Directors
5	Report on Political Contributions				Against	Against	Shareholder
--------------------------------------------------------------------------------
CIGNA CORP.
Ticker:		CI	Security ID:	125509109
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: FEB 28, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director H. Edward Hanway				For	For	Management
1.2	Elect Director Harold A. Wagner				For	For	Management
2	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
CITIGROUP INC.
Ticker:		C	Security ID:	172967101
Meeting Date: APR 18, 2006			Meeting Type: Annual
Record Date: FEB 24, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director C. Michael Armstrong				For	For	Management
1.2	Elect Director Alain J.P. Belda				For	For	Management
1.3	Elect Director George David				For	For	Management
1.4	Elect Director Kenneth T. Derr				For	For	Management

1.5	Elect Director John M. Deutch			For	For	Management
1.6	Elect Director Roberto Hernandez Ramirez			For	For	Management
1.7	Elect Director Ann Dibble Jordan			For	For	Management
1.8	Elect Director Klaus Kleinfeld			For	For	Management
1.9	Elect Director Andrew N. Liveris			For	For	Management
1.10	Elect Director Dudley C. Mecum			For	For	Management
1.11	Elect Director Anne M. Mulcahy			For	For	Management
1.12	Elect Director Richard D. Parsons			For	For	Management
1.13	Elect Director Charles Prince			For	For	Management
1.14	Elect Director Dr. Judith Rodin			For	For	Management
1.15	Elect Director Robert E. Rubin			For	For	Management
1.16	Elect Director Franklin A. Thomas			For	For	Management
2	Ratify Auditors			For	For	Management
3	Reduce Supermajority Vote Requirement			For	For	Management
4	Reduce Supermajority Vote Requirement			For	For	Management
5	Reduce Supermajority Vote Requirement			For	For	Management
6	End Issuance of Options and Prohibit			Against	Against	Shareholder
	Repricing
7	Report on Political Contributions			Against	Against	Shareholder
8	Report on Charitable Contributions			Against	Against	Shareholder
9	Performance-Based Equity Awards			Against	Against	Shareholder
10	Reimbursement of Expenses Incurred by			Against	Against	Shareholder
	Shareholder(s)
11	Separate Chairman and CEO Positions			Against	Against	Shareholder
12	Clawback of Payments Under Restatement			Against	Against	Shareholder
--------------------------------------------------------------------------------
COCA-COLA COMPANY, THE
Ticker:		KO	Security ID: 191216100
Meeting Date: APR 19, 2006			Meeting Type: Annual
Record Date: FEB 21, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Herbert A. Allen			For	For	Management
1.2	Elect Director Ronald W. Allen			For	For	Management
1.3	Elect Director Cathleen P. Black			For	For	Management
1.4	Elect Director Barry Diller			For	For	Management
1.5	Elect Director E. Neville Isdell			For	For	Management
1.6	Elect Director Donald R. Keough			For	For	Management
1.7	Elect Director Donald F. McHenry			For	For	Management
1.8	Elect Director Sam Nunn			For	Withhold	Management
1.9	Elect Director James D. Robinson, III			For	For	Management
1.10	Elect Director Peter V. Ueberroth			For	For	Management
1.11	Elect Director James B. Williams			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Restricted Stock Plan			For	For	Management
4	Report on Charitable Contributions			Against	Against	Shareholder
5	Review/ Report on Recycling Policy			Against	Against	Shareholder
6	Performance-Based and/or Time-Based			Against	Against	Shareholder
	Equity Awards
7	Report on Environmental Liabilities in			Against	Against	Shareholder
	India
8	Sponsor Independent Inquiry into			Against	Against	Shareholder
	Operations in Columbia

--------------------------------------------------------------------------------
COCA-COLA ENTERPRISES INC.
Ticker:		CCE	Security ID: 191219104
Meeting Date: APR 28, 2006			Meeting Type: Annual
Record Date: MAR 1, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Calvin Darden			For	For	Management
1.2	Elect Director J. Alexander M. Douglas			For	For	Management
	Jr.
1.3	Elect Director Marvin J. Herb			For	For	Management
1.4	Elect Director Donna A. James			For	For	Management
1.5	Elect Director Lowry F. Kline			For	For	Management
2	Ratify Auditors			For	For	Management
3	Eliminate or Restrict Severance			Against	Against	Shareholder
	Agreements (Change-in-Control)
--------------------------------------------------------------------------------
COMCAST CORP.
Ticker:		CMCSA	Security ID: 20030N101
Meeting Date: MAY 18, 2006			Meeting Type: Annual
Record Date: MAR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director S. Decker Anstrom			For	For	Management
1.2	Elect Director Kenneth J. Bacon			For	For	Management
1.3	Elect Director Sheldon M. Bonovitz			For	For	Management
1.4	Elect Director Edward D. Breen			For	For	Management
1.5	Elect Director Julian A. Brodsky			For	For	Management
1.6	Elect Director Joseph J. Collins			For	For	Management
1.7	Elect Director J. Michael Cook			For	For	Management
1.8	Elect Director Jeffrey A. Honickman			For	For	Management
1.9	Elect Director Brian L. Roberts			For	For	Management
1.10	Elect Director Ralph J. Roberts			For	For	Management
1.11	Elect Director Judith Rodin			For	For	Management
1.12	Elect Director Michael I. Sovern			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
4	Amend Restricted Stock Plan			For	For	Management
5	Approve Executive Incentive Bonus Plan			For	For	Management
6	Put Repricing of Stock Options to			Against	Against	Shareholder
	Shareholder Vote
7	Separate Chairman and CEO Positions			Against	Against	Shareholder
8	Limit Executive Compensation			Against	Against	Shareholder
9	Company-Specific-Adopt Recapitalization			Against	For	Shareholder
	Plan
10	Establish Other Board Committee			Against	Against	Shareholder

--------------------------------------------------------------------------------
COUNTRYWIDE FINANCIAL CORP.
Ticker:		CFC	Security ID: 222372104
Meeting Date: JUN 14, 2006			Meeting Type: Annual
Record Date: APR 17, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kathleen Brown			For	Withhold	Management
1.2	Elect Director Jeffrey M. Cunningham			For	Withhold	Management
1.3	Elect Director Martin R. Melone			For	Withhold	Management
1.4	Elect Director Robert T. Parry			For	Withhold	Management
2	Approve Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management
4	Approve Report of the Compensation			Against	Against	Shareholder
	Committee
--------------------------------------------------------------------------------
DOMINION RESOURCES, INC.
Ticker:		D	Security ID: 25746U109
Meeting Date: APR 28, 2006			Meeting Type: Annual
Record Date: FEB 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter W. Brown			For	For	Management
1.2	Elect Director Ronald J. Calise			For	For	Management
1.3	Elect Director Thos. E. Capps			For	For	Management
1.4	Elect Director George A. Davidson, Jr.			For	For	Management
1.5	Elect Director Thomas F. Farrell, II			For	For	Management
1.6	Elect Director John W. Harris			For	For	Management
1.7	Elect Director Robert S. Jepson, Jr.			For	For	Management
1.8	Elect Director Mark J. Kington			For	For	Management
1.9	Elect Director Benjamin J. Lambert, III			For	For	Management
1.10	Elect Director Richard L. Leatherwood			For	For	Management
1.11	Elect Director Margaret A. McKenna			For	For	Management
1.12	Elect Director Frank S. Royal, M.D.			For	Withhold	Management
1.13	Elect Director S. Dallas Simmons			For	For	Management
1.14	Elect Director David A. Wollard			For	For	Management
2	Ratify Auditors			For	For	Management
3	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
4	Report on Greenhouse Gas Emissions			Against	Against	Shareholder
5	Submit Supplemental Executive Retirement			Against	Against	Shareholder
	Plans to Shareholder vote
--------------------------------------------------------------------------------
DOW CHEMICAL COMPANY, THE
Ticker:		DOW	Security ID: 260543103
Meeting Date: MAY 11, 2006			Meeting Type: Annual
Record Date: MAR 13, 2006

#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jacqueline K. Barton			For	For	Management
1.2	Elect Director James A. Bell			For	For	Management
1.3	Elect Director Barbara Hackman Franklin			For	For	Management
1.4	Elect Director Andrew N. Liveris			For	For	Management
1.5	Elect Director Geoffery E. Merszei			For	For	Management
1.6	Elect Director J. Pedro Reinhard			For	For	Management
1.7	Elect Director Ruth G. Shaw			For	For	Management
1.8	Elect Director Paul G. Stern			For	For	Management
2	Ratify Auditors			For	For	Management
3	Report on Remediation Policies in Bhopal			Against	Against	Shareholder
4	Report on Genetically Modified Organisms			Against	Against	Shareholder
5	Evaluate Potential Links Between Company			Against	Against	Shareholder
	Products and Asthma
6	Report on Security of Chemical Facilities			Against	Against	Shareholder
--------------------------------------------------------------------------------
DPL INC.
Ticker:		DPL	Security ID: 233293109
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Paul R. Bishop			For	For	Management
1.2	Elect Director Ernie Green			For	For	Management
1.3	Elect Director Lester L. Lyles			For	Withhold	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
E.I. DU PONT DE NEMOURS & CO.
Ticker:		DD	Security ID: 263534109
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Alain J.P. Belda			For	For	Management
1.2	Elect Director Richard H. Brown			For	For	Management
1.3	Elect Director Curtis J. Crawford			For	For	Management
1.4	Elect Director John T. Dillon			For	For	Management
1.5	Elect Director Eleuthere I. du Pont			For	For	Management
1.6	Elect Director Charles O. Holliday, Jr.			For	For	Management
1.7	Elect Director Lois D. Juliber			For	For	Management
1.8	Elect Director Masahisa Naitoh			For	For	Management
1.9	Elect Director Sean O'Keefe			For	For	Management
1.10	Elect Director William K. Reilly			For	For	Management
1.11	Elect Director Charles M. Vest			For	For	Management
2	Ratify Auditors			For	For	Management
3	Review Executive Compensation			Against	Against	Shareholder
4	Report on Genetically Modified Organisms			Against	Against	Shareholder

5	Performance-Based			Against	Against	Shareholder
6	Report on Feasibility of Phasing out PFOA			Against	Against	Shareholder
7	Report on Security of Chemical Facilities			Against	Against	Shareholder
--------------------------------------------------------------------------------
ENDURANCE SPECIALTY HOLDINGS
Ticker:		ENH	Security ID: G30397106
Meeting Date: MAY 3, 2006			Meeting Type: Annual
Record Date:  MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Steven W. Carlsen		For	Did Not	Management
					Vote
1.2	Elect	Director Kenneth J. Lestrange		For	Did Not	Management
					Vote
1.3	Elect	Director Therese M. Vaughan		For	Did Not	Management
					Vote
1.4	Elect	Director R. Max Williamson		For	Did Not	Management
					Vote
1.5	Elect	Director John T. Baily		For	Did Not	Management
					Vote
1.6	Elect	Director Norman Barham		For	Did Not	Management
					Vote
1.7	Elect	Director Galen R. Barnes		For	Did Not	Management
					Vote
1.8	Elect	Director William H. Bolinder		For	Did Not	Management
					Vote
1.9	Elect	Director Steven W. Carlsen		For	Did Not	Management
					Vote
1.10	Elect	Director Kenneth J. Lestrange		For	Did Not	Management
					Vote
1.11	Elect	Director Brendan R. O'Neill		For	Did Not	Management
					Vote
1.12	Elect	Director Richard C. Perry		For	Did Not	Management
					Vote
1.13	Elect	Director Robert A. Spass		For	Did Not	Management
					Vote
1.14	Elect	Director Therese M. Vaughan		For	Did Not	Management
					Vote
1.15	Elect	Director R. Max Williamson		For	Did Not	Management
					Vote
1.16	Elect	Director William H. Bolinder		For	Did Not	Management
					Vote
1.17	Elect	Director Mark W. Boucher		For	Did Not	Management
					Vote
1.18	Elect	Director Kenneth J. Lestrange		For	Did Not	Management
					Vote
1.19	Elect	Director Simon Minshall		For	Did Not	Management
					Vote
1.20	Elect	Director Brendan R. O'Neill		For	Did Not	Management
					Vote
1.21	Elect	Director William H. Bolinder		For	Did Not	Management
					Vote
1.22	Elect	Director Mark W. Boucher		For	Did Not	Management

						Vote
1.23	Elect	Director Kenneth J. Lestrange			For	Did Not	Management
						Vote
1.24	Elect	Director Simon Minshall			For	Did Not	Management
						Vote
1.25	Elect	Director Brendan R. O'Neill			For	Did Not	Management
						Vote
2	Ratify Auditors				For	Did Not	Management
						Vote
--------------------------------------------------------------------------------
ENDURANCE SPECIALTY HOLDINGS
Ticker:		ENH	Security ID:	G30397106
Meeting Date: OCT 26, 2005			Meeting Type: S
Record Date:  SEP 8, 2005
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.00	Adopt the Employee Share Purchase Plan				For	For	Management
2.00	Adopt the 2005 Sharesave Scheme				For	For	Management
--------------------------------------------------------------------------------
ENERGY EAST CORPORATION
Ticker:		EAS	Security ID:	29266M109
Meeting Date: JUN 8, 2006			Meeting Type: Annual
Record Date:  APR 17, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James H. Brandi				For	For	Management
1.2	Elect Director John T. Cardis				For	For	Management
1.3	Elect Director Joseph J. Castiglia				For	For	Management
1.4	Elect Director Lois B. DeFleur				For	For	Management
1.5	Elect Director G. Jean Howard				For	For	Management
1.6	Elect Director David M. Jagger				For	For	Management
1.7	Elect Director Seth A. Kaplan				For	For	Management
1.8	Elect Director Ben E. Lynch				For	For	Management
1.9	Elect Director Peter J. Moynihan				For	For	Management
1.10	Elect Director Walter G. Rich				For	For	Management
1.11	Elect Director Wesley W. von Schack				For	For	Management
2	Reduce Supermajority Vote Requirement				For	For	Management
3	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
ENTERGY CORP.
Ticker:		ETR	Security ID:	29364G103
Meeting Date: MAY 12, 2006			Meeting Type: Annual
Record Date:  MAR 14, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor

1.1	Elect Director Maureen Scannell Bateman			For	For	Management
1.2	Elect Director W. Frank Blount			For	For	Management
1.3	Elect Director Simon D. Debree			For	For	Management
1.4	Elect Director Gary W. Edwards			For	For	Management
1.5	Elect Director Alexis Herman			For	For	Management
1.6	Elect Director Donald C. Hintz			For	For	Management
1.7	Elect Director J. Wayne Leonard			For	For	Management
1.8	Elect Director Stuart L. Levenick			For	For	Management
1.9	Elect Director Robert v.d. Luft			For	For	Management
1.10	Elect Director James R. Nichols			For	For	Management
1.11	Elect Director William A. Percy, II			For	For	Management
1.12	Elect Director W. J. Tauzin			For	For	Management
1.13	Elect Director Steven V. Wilkinson			For	For	Management
2	Reduce Supermajority Vote Requirement			For	For	Management
3	Approve Omnibus Stock Plan			For	For	Management
4	Ratify Auditors			For	For	Management
5	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
EVEREST RE GROUP LTD
Ticker:		RE	Security ID: G3223R108
Meeting Date: MAY 23, 2006			Meeting Type: Annual
Record Date:  MAR 27, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Martin Abrahams		For	Did Not	Management
					Vote
1.2	Elect	Director John R. Dunne		For	Did Not	Management
					Vote
1.3	Elect	Director John A. Weber		For	Did Not	Management
					Vote
2	Ratify Auditors			For	Did Not	Management
					Vote
3	TO APPROVE AN AMENDMENT TO THE EVEREST RE			For	Did Not	Management
	GROUP, LTD. 2002 STOCK INCENTIVE PLAN.				Vote
--------------------------------------------------------------------------------
EXELON CORP
Ticker:		EXC	Security ID: 30161N101
Meeting Date: JUL 22, 2005			Meeting Type: A
Record Date:  MAY 2, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.00	Approve merger/acquisition			For	For	Management
2.01	Elect Edward A. Brennan			For	For	Management
2.02	Elect Bruce DeMars			For	For	Management
2.03	Elect Nelson A. Diaz			For	For	Management
2.04	Elect John W. Rowe			For	For	Management
2.05	Elect Ronald Rubin			For	For	Management
3.00	Increase authorized common stock			For	For	Management

4.00	Ratify selection of auditors			For	For	Management
5.00	Adopt the 2006 Long-Term Incentive Plan			For	For	Management
6.00	Adopt the Employee Stock Purchase Plan			For	For	Management
	For Unincorporated Subsidiaries
7.00	Adjourn meeting			For	For	Management
--------------------------------------------------------------------------------
EXELON CORP.
Ticker:		EXC	Security ID: 30161N101
Meeting Date: JUN 27, 2006			Meeting Type: Annual
Record Date: MAY 12, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director M.W. D'Alessio			For	For	Management
1.2	Elect Director R.B. Greco			For	For	Management
1.3	Elect Director J.M. Palms			For	For	Management
1.4	Elect Director J.W. Rogers			For	For	Management
1.5	Elect Director R.L. Thomas			For	For	Management
2	Ratify Auditors			For	For	Management
3	Submit Severance Agreement (Change in			Against	Against	Shareholder
	Control) to shareholder Vote
--------------------------------------------------------------------------------
EXXON MOBIL CORP.
Ticker:		XOM	Security ID: 30231G102
Meeting Date: MAY 31, 2006			Meeting Type: Annual
Record Date: APR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael J. Boskin			For	For	Management
1.2	Elect Director William W. George			For	For	Management
1.3	Elect Director James R. Houghton			For	For	Management
1.4	Elect Director William R. Howell			For	For	Management
1.5	Elect Director Reatha Clark King			For	For	Management
1.6	Elect Director Philip E. Lippincott			For	For	Management
1.7	Elect Director Henry A. McKinnell, Jr.			For	For	Management
1.8	Elect Director Marilyn Carlson Nelson			For	For	Management
1.9	Elect Director Samuel J. Palmisano			For	For	Management
1.10	Elect Director Walter V. Shipley			For	For	Management
1.11	Elect Director J. Stephen Simon			For	For	Management
1.12	Elect Director Rex W. Tillerson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Provide for Cumulative Voting			Against	Against	Shareholder
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
5	Company-Specific-Nominate Independent			Against	Against	Shareholder
	Director with Industry Experience
6	Require Director Nominee Qualifications			Against	Against	Shareholder
7	Non-Employee Director Compensation			Against	Against	Shareholder
8	Separate Chairman and CEO Positions			Against	Against	Shareholder
9	Review Executive Compensation			Against	Against	Shareholder

10	Link Executive Compensation to Social			Against	Against	Shareholder
	Issues
11	Report on Political Contributions			Against	Against	Shareholder
12	Report on Charitable Contributions			Against	Against	Shareholder
13	Amend Equal Employment Opportunity Policy			Against	Against	Shareholder
	to Prohibit Discrimination Based on
	Sexual Orientation
14	Report on Damage Resulting from Drilling			Against	Against	Shareholder
	for Oil and gas in Protected Areas
15	Report Accountability for Company's			Against	Against	Shareholder
	Environmental Impacts due to Operation
--------------------------------------------------------------------------------
FEDERAL HOME LOAN MORTGAGE CORP
Ticker:		FRE	Security ID:	313400301
Meeting Date: JUL 15, 2005			Meeting Type: A
Record Date: MAY 27, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect Barbara T. Alexander			For	For	Management
1.02	Elect Geoffrey T. Boisi			For	For	Management
1.03	Elect Joan E. Donoghue			For	For	Management
1.04	Elect Michelle Engler			For	For	Management
1.05	Elect Richard Karl Goeltz			For	For	Management
1.06	Elect Thomas S. Johnson			For	For	Management
1.07	Elect William M. Lewis Jr			For	For	Management
1.08	Elect Eugene M. McQuade			For	For	Management
1.09	Elect Shaun F. O'Malley			For	For	Management
1.10	Elect Ronald F. Poe			For	For	Management
1.11	Elect Stephen A. Ross			For	For	Management
1.12	Elect Richard F. Syron			For	For	Management
1.13	Elect William J. Turner			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
--------------------------------------------------------------------------------
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	Withhold	Management
1.2	Elect Director Jarobin Gilbert, Jr.			For	Withhold	Management
1.3	Elect Director David Y. Schwartz			For	Withhold	Management
1.4	Elect Director Cheryl Nido Turpin			For	For	Management
1.5	Elect Director Matthew M. McKenna			For	Withhold	Management
2	Ratify Auditors			For	For	Management
3	Amend Executive Incentive Bonus Plan			For	For	Management
--------------------------------------------------------------------------------

GENERAL ELECTRIC CO.
Ticker:		GE	Security ID: 369604103
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: FEB 27, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James I. Cash, Jr.			For	For	Management
1.2	Elect Director Sir William M. Castell			For	For	Management
1.3	Elect Director Ann M. Fudge			For	For	Management
1.4	Elect Director Claudio X. Gonzalez			For	Withhold	Management
1.5	Elect Director Jeffrey R. Immelt			For	For	Management
1.6	Elect Director Andrea Jung			For	Withhold	Management
1.7	Elect Director Alan G. Lafley			For	For	Management
1.8	Elect Director Robert W. Lane			For	For	Management
1.9	Elect Director Ralph S. Larsen			For	For	Management
1.10	Elect Director Rochelle B. Lazarus			For	For	Management
1.11	Elect Director Sam Nunn			For	For	Management
1.12	Elect Director Roger S. Penske			For	For	Management
1.13	Elect Director Robert J. Swieringa			For	For	Management
1.14	Elect Director Douglas A. Warner, III			For	For	Management
1.15	Elect Director Robert C. Wright			For	For	Management
2	Ratify Auditors			For	For	Management
3	Restore or Provide for Cumulative Voting			Against	Against	Shareholder
4	Adopt Policy on Overboarded Directors			Against	Against	Shareholder
5	Company-Specific -- One Director from the			Against	Against	Shareholder
	Ranks of the Retirees
6	Separate Chairman and CEO Positions			Against	Against	Shareholder
7	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
8	Report on Environmental Policies			Against	Against	Shareholder
--------------------------------------------------------------------------------
GENERAL MILLS INC
Ticker:		GIS	Security ID: 370334104
Meeting Date: SEP 26, 2005			Meeting Type: A
Record Date: JUL 28, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect Paul Danos			For	For	Management
1.02	Elect William T. Esrey			For	For	Management
1.03	Elect Raymond V. Gilmartin			For	For	Management
1.04	Elect Judith R. Hope			For	For	Management
1.05	Elect Heidi G. Miller			For	For	Management
1.06	Elect Hilda Ochoa-Brillembourg			For	For	Management
1.07	Elect Steve Odland			For	For	Management
1.08	Elect Michael D. Rose			For	Withhold	Management
1.09	Elect Robert L. Ryan			For	For	Management
1.10	Elect Stephen W. Sanger			For	For	Management
1.11	Elect A. Michael Spence			For	For	Management
1.12	Elect Dorothy A. Terrell			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
3.00	Adopt the 2005 Stock Compensation Plan			For	Against	Management

4.00	SP-Study sale or spin-off			Against	Against	Shareholder
--------------------------------------------------------------------------------
GENWORTH FINANCIAL, INC.
Ticker:		GNW	Security ID: 37247D106
Meeting Date: MAY 17, 2006			Meeting Type: Annual
Record Date: MAR 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frank J. Borelli			For	For	Management
1.2	Elect Director Michael D. Fraizer			For	For	Management
1.3	Elect Director Nancy J. Karch			For	For	Management
1.4	Elect Director J. Robert Bob Kerrey			For	For	Management
1.5	Elect Director Saiyid T. Naqvi			For	For	Management
1.6	Elect Director James A. Parke			For	For	Management
1.7	Elect Director James S. Riepe			For	For	Management
1.8	Elect Director Thomas B. Wheeler			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
GOLDMAN SACHS GROUP, INC., THE
Ticker:		GS	Security ID: 38141G104
Meeting Date: MAR 31, 2006			Meeting Type: Annual
Record Date: JAN 30, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Lloyd C. Blankfein			For	For	Management
1.2	Elect Director Lord Browne Ofmadingley			For	For	Management
1.3	Elect Director John H. Bryan			For	For	Management
1.4	Elect Director Claes Dahlback			For	For	Management
1.5	Elect Director Stephen Friedman			For	For	Management
1.6	Elect Director William W. George			For	For	Management
1.7	Elect Director James A. Johnson			For	Withhold	Management
1.8	Elect Director Lois D. Juliber			For	For	Management
1.9	Elect Director Edward M. Liddy			For	For	Management
1.10	Elect Director Henry M. Paulson, Jr.			For	For	Management
1.11	Elect Director Ruth J. Simmons			For	For	Management
2	Amend Restricted Partner Compensation			For	For	Management
	Plan
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
HESS CORP
Ticker:		HES	Security ID: 023551104
Meeting Date: MAY 3, 2006			Meeting Type: Annual
Record Date: MAR 13, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1.1	Elect Director J.B. Hess			For	For	Management
1.2	Elect Director C.G. Matthews			For	For	Management
1.3	Elect Director R. Lavizzo Mourey			For	For	Management
1.4	Elect Director E.H. von Metzsch			For	For	Management
2	Ratify Auditors			For	For	Management
3	Change Company Name			For	For	Management
4	Increase Authorized Common Stock			For	For	Management
5	Approve Executive Incentive Bonus Plan			For	For	Management
--------------------------------------------------------------------------------
HEWLETT-PACKARD CO.
Ticker:		HPQ	Security ID: 428236103
Meeting Date: MAR 15, 2006			Meeting Type: Annual
Record Date: JAN 17, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director P.C. Dunn			For	For	Management
1.2	Elect Director L.T. Babbio, Jr.			For	For	Management
1.3	Elect Director S.M. Baldauf			For	For	Management
1.4	Elect Director R.A. Hackborn			For	For	Management
1.5	Elect Director J.H. Hammergren			For	For	Management
1.6	Elect Director M.V. Hurd			For	For	Management
1.7	Elect Director G.A. Keyworth Ii			For	For	Management
1.8	Elect Director T.J. Perkins			For	For	Management
1.9	Elect Director R.L. Ryan			For	For	Management
1.10	Elect Director L.S. Salhany			For	For	Management
1.11	Elect Director R.P. Wayman			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Executive Incentive Bonus Plan			For	For	Management
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
5	Claw-Back of Payments under Restatement			Against	Against	Shareholder
--------------------------------------------------------------------------------
HONEYWELL INTERNATIONAL, INC.
Ticker:		HON	Security ID: 438516106
Meeting Date: APR 24, 2006			Meeting Type: Annual
Record Date: FEB 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gordon M. Bethune			For	For	Management
1.2	Elect Director Jaime Chico Pardo			For	For	Management
1.3	Elect Director David M. Cote			For	For	Management
1.4	Elect Director D. Scott Davis			For	For	Management
1.5	Elect Director Linnet F. Deily			For	For	Management
1.6	Elect Director Clive R. Hollick			For	For	Management
1.7	Elect Director James J. Howard			For	For	Management
1.8	Elect Director Bruce Karatz			For	For	Management
1.9	Elect Director Russell E. Palmer			For	For	Management
1.10	Elect Director Ivan G. Seidenberg			For	For	Management
1.11	Elect Director Bradley T. Sheares			For	For	Management

1.12	Elect Director Eric K. Shinseki				For	For	Management
1.13	Elect Director John R. Stafford				For	For	Management
1.14	Elect Director Michael W. Wright				For	For	Management
2	Ratify Auditors				For	For	Management
3	Approve Omnibus Stock Plan				For	For	Management
4	Approve Non-Employee Director Omnibus				For	For	Management
	Stock Plan
5	Require a Majority Vote for the Election				Against	Against	Shareholder
	of Directors
6	Compensation- Director Compensation				Against	Against	Shareholder
7	Claw-back of Payments under Restatements				Against	Against	Shareholder
8	Report on Public Welfare Initiative				Against	Against	Shareholder
9	Eliminate or Restrict Severance				Against	Against	Shareholder
	Agreements (Change-in-Control)
--------------------------------------------------------------------------------
HUNTSMAN CORP
Ticker:		HUN	Security ID:	447011107
Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date: MAR 16, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter R. Huntsman				For	Withhold	Management
1.2	Elect Director Wayne A. Reaud				For	Withhold	Management
1.3	Elect Director Alvin V. Shoemaker				For	Withhold	Management
2	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
HUNTSMAN CORP
Ticker:		HUN	Security ID:	447011206
Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date: MAR 16, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter R. Huntsman				For	Withhold	Management
1.2	Elect Director Wayne A. Reaud				For	Withhold	Management
1.3	Elect Director Alvin V. Shoemaker				For	Withhold	Management
2	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
HUNTSMAN CORP
Ticker:		HUN	Security ID:	447011107
Meeting Date: NOV 2, 2005			Meeting Type: A
Record Date: SEP 13, 2005
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.01	Elect Jon M. Huntsman				For	Withhold	Management
1.02	Elect Marsha J. Evans				For	For	Management

1.03	Elect David J. Matlin			For	For	Management
1.04	Elect Christopher R. Pechok			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
--------------------------------------------------------------------------------
INGERSOLL-RAND COMPANY LIMITED
Ticker:		IR	Security ID: G4776G101
Meeting Date: JUN 7, 2006			Meeting Type: Annual
Record Date:  APR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director T.E. Martin		For	Did Not	Management
					Vote
1.2	Elect	Director P. Nachtigal		For	Did Not	Management
					Vote
1.3	Elect	Director R.J. Swift		For	Did Not	Management
					Vote
2	Ratify Auditors			For	Did Not	Management
					Vote
--------------------------------------------------------------------------------
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	Against	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	Against	Management
16	Approve Qualified Employee Stock Purchase			For	For	Management
	Plan
--------------------------------------------------------------------------------
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	For	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	Against	Shareholder
4	Evaluate Age Discrimination in Retirement			Against	Against	Shareholder
	Plans
5	Time-Based Equity Awards			Against	Against	Shareholder
6	Increase Disclosure of Executive			Against	Against	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	Against	Shareholder
	of Directors
11	Adopt Simple Majority Vote			Against	For	Shareholder
--------------------------------------------------------------------------------
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	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
LENNAR CORP.
Ticker:		LEN	Security ID: 526057104
Meeting Date: MAR 30, 2006			Meeting Type: Annual
Record Date: FEB 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Steven L. Gerard			For	For	Management
1.2	Elect Director Sidney Lapidus			For	For	Management
2	Declassify the Board of Directors			Against	For	Shareholder
3	Performance-Based and/or Time-Based			Against	Against	Shareholder
	Equity Awards
--------------------------------------------------------------------------------
LOCKHEED MARTIN CORP.
Ticker:		LMT	Security ID: 539830109
Meeting Date: APR 27, 2006			Meeting Type: Annual
Record Date: MAR 1, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director E.C. Aldridge, Jr.			For	For	Management
1.2	Elect Director Nolan D. Archibald			For	For	Management
1.3	Elect Director Marcus C. Bennett			For	For	Management
1.4	Elect Director James O. Ellis, Jr.			For	For	Management
1.5	Elect Director Gwendolyn S. King			For	For	Management
1.6	Elect Director James M. Loy			For	Withhold	Management
1.7	Elect Director Douglas H. McCorkindale			For	For	Management
1.8	Elect Director Eugene F. Murphy			For	For	Management
1.9	Elect Director Joseph W. Ralston			For	Withhold	Management
1.10	Elect Director Frank Savage			For	For	Management
1.11	Elect Director James M. Schneider			For	For	Management
1.12	Elect Director Anne Stevens			For	For	Management
1.13	Elect Director Robert J. Stevens			For	For	Management
1.14	Elect Director James R. Ukropina			For	For	Management
1.15	Elect Director Douglas C. Yearley			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Executive Incentive Bonus Plan			For	For	Management
4	Amend Articles/Bylaws/Charter-Non-Routine			For	For	Management
5	Increase Disclosure of Executive			Against	Against	Shareholder
	Compensation
6	Adopt Simple Majority Vote Requirement			Against	For	Shareholder
7	Report Equal Employment Opportunity			Against	Against	Shareholder
	Information
8	Report on Depleted Uranium Weapons			Against	Against	Shareholder
	Components

--------------------------------------------------------------------------------
MARATHON OIL CORP
Ticker:		MRO	Security ID: 565849106
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: FEB 27,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Clarence P. Cazalot			For	For	Management
1.2	Elect Director David A. Daberko			For	For	Management
1.3	Elect Director William L. Davis			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			For	For	Management
4	Eliminate Class of Preferred Stock			For	For	Management
5	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
6	Adopt Simple Majority Vote Requirement			Against	For	Shareholder
--------------------------------------------------------------------------------
MASCO CORP.
Ticker:		MAS	Security ID: 574599106
Meeting Date: MAY 9, 2006			Meeting Type: Annual
Record Date: MAR 15,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Thomas G. Denomme			For	For	Management
1.2	Elect Director Richard A. Manoogian			For	For	Management
1.3	Elect Director Mary Ann Van Lokeren			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
MCDONALD'S CORP.
Ticker:		MCD	Security ID: 580135101
Meeting Date: MAY 25,  2006			Meeting Type: Annual
Record Date: MAR 27,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert A. Eckert			For	For	Management
1.2	Elect Director Enrique Hernandez, Jr.			For	For	Management
1.3	Elect Director Jeanne P. Jackson			For	For	Management
1.4	Elect Director Richard H. Lenny			For	For	Management
1.5	Elect Director Andrew J. McKenna			For	For	Management
1.6	Elect Director Sheila A. Penrose			For	For	Management
2	Ratify Auditors			For	For	Management
3	Submit Severance Agreement (Change in			Against	Against	Shareholder
	Control) to shareholder Vote
4	Identify Food Products Manufactured or			Against	Against	Shareholder
	Sold that Contain Genetically Engineered

	Ingredients
--------------------------------------------------------------------------------
METLIFE, INC
Ticker:		MET	Security ID:	59156R108
Meeting Date: APR 25, 2006			Meeting Type: Annual
Record Date: MAR 1, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director C. Robert Henrikson			For	Withhold	Management
1.2	Elect Director John M. Keane			For	Withhold	Management
1.3	Elect Director Hugh B. Price			For	Withhold	Management
1.4	Elect Director Kenton J. Sicchitano			For	Withhold	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
MICROSOFT CORP
Ticker:		MSFT	Security ID:	594918104
Meeting Date: NOV 9, 2005			Meeting Type: A
Record Date: SEP 9, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect William H. Gates III			For	For	Management
1.02	Elect Steven A. Ballmer			For	For	Management
1.03	Elect James I. Cash Jr.			For	For	Management
1.04	Elect Dina Dublon			For	For	Management
1.05	Elect Raymond V. Gilmartin			For	For	Management
1.06	Elect Ann McLaughlin Korologos			For	Withhold	Management
1.07	Elect David F. Marquardt			For	For	Management
1.08	Elect Charles H. Noski			For	For	Management
1.09	Elect Helmut Panke			For	For	Management
1.10	Elect Jon A. Shirley			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
--------------------------------------------------------------------------------
MORGAN STANLEY
Ticker:		MS	Security ID:	617446448
Meeting Date: APR 4, 2006			Meeting Type: Annual
Record Date: FEB 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Roy J. Bostock			For	For	Management
1.2	Elect Director Erskine B. Bowles			For	For	Management
1.3	Elect Director C. Robert Kidder			For	For	Management
1.4	Elect Director John J. Mack			For	For	Management
1.5	Elect Director Donald T. Nicolaisen			For	For	Management
1.6	Elect Director Hutham S. Olayan			For	For	Management
1.7	Elect Director O. Griffith Sexton			For	For	Management

1.8	Elect Director Howard J. Davies			For	For	Management
1.9	Elect Director Charles H. Noski			For	For	Management
1.10	Elect Director Laura D'Andrea Tyson			For	For	Management
1.11	Elect Director Klaus Zumwinkel			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			For	For	Management
4	Amend Articles/Bylaws/Remove plurality			For	For	Management
	voting for directors
5	Amend Articles/Bylaws/Eliminate			For	For	Management
	supermajority voting requirements
6	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
7	Amend Vote Requirements to Amend			Against	Against	Shareholder
	Articles/Bylaws/Charter
8	Submit Severance Agreement (Change in			Against	For	Shareholder
	Control) to shareholder Vote
--------------------------------------------------------------------------------
NORFOLK SOUTHERN CORP.
Ticker:		NSC	Security ID: 655844108
Meeting Date: MAY 11, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Daniel A. Carp			For	Withhold	Management
1.2	Elect Director Steven F. Leer			For	Withhold	Management
1.3	Elect Director Charles W. Moorman			For	Withhold	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM CORP.
Ticker:		OXY	Security ID: 674599105
Meeting Date: MAY 5, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Spencer Abraham			For	For	Management
1.2	Elect Director Ronald W. Burkle			For	Withhold	Management
1.3	Elect Director John S. Chalsty			For	For	Management
1.4	Elect Director Edward P. Djerejian			For	For	Management
1.5	Elect Director R. Chad Dreier			For	For	Management
1.6	Elect Director John E. Feick			For	For	Management
1.7	Elect Director Ray R. Irani			For	For	Management
1.8	Elect Director Irvin W. Maloney			For	For	Management
1.9	Elect Director Rodolfo Segovia			For	For	Management
1.10	Elect Director Aziz D. Syriani			For	For	Management
1.11	Elect Director Rosemary Tomich			For	For	Management
1.12	Elect Director Walter L. Weisman			For	For	Management
2	Ratify Auditors			For	For	Management
3	Increase Authorized Common Stock			For	For	Management
4	Limit Executive Compensation			Against	Against	Shareholder

5	Report on Global Warming			Against	Against	Shareholder
6	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
OFFICE DEPOT, INC.
Ticker:		ODP	Security ID: 676220106
Meeting Date: MAY 12,  2006			Meeting Type: Annual
Record Date: MAR 10,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Lee A. Ault, III			For	For	Management
1.2	Elect Director Neil R. Austrian			For	For	Management
1.3	Elect Director David W. Bernauer			For	For	Management
1.4	Elect Director Abelardo E. Bru			For	For	Management
1.5	Elect Director David I. Fuente			For	For	Management
1.6	Elect Director Brenda J. Gaines			For	For	Management
1.7	Elect Director Myra M. Hart			For	For	Management
1.8	Elect Director W. Scott Hedrick			For	For	Management
1.9	Elect Director Michael J. Myers			For	For	Management
1.10	Elect Director Steve Odland			For	For	Management
2	Ratify Auditors			For	For	Management
3	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
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	Against	Shareholder
--------------------------------------------------------------------------------
ORACLE CORP
Ticker:		ORCL	Security ID: 68389X105
Meeting Date: OCT 10,  2005			Meeting Type: A
Record Date: AUG 15,  2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect Jeffrey O. Henley			For	For	Management
1.02	Elect Lawrence J. Ellison			For	For	Management

1.03	Elect Donald L. Lucas			For	For	Management
1.04	Elect Michael J. Boskin			For	For	Management
1.05	Elect Jack F. Kemp			For	For	Management
1.06	Elect Jeffrey Berg			For	For	Management
1.07	Elect Safra Catz			For	For	Management
1.08	Elect Hector Garcia-Molina			For	For	Management
1.09	Elect Joseph Grundfest			For	For	Management
1.10	Elect H. Raymond Bingham			For	For	Management
1.11	Elect Charles E. Phillips Jr.			For	For	Management
2.00	Adopt the 2006 Executive Bonus Plan			For	For	Management
3.00	Ratify selection of auditors			For	For	Management
--------------------------------------------------------------------------------
PARKER-HANNIFIN CORP
Ticker:		PH	Security ID:	701094104
Meeting Date: OCT 26, 2005			Meeting Type: A
Record Date: AUG 31, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect William E. Kassling			For	For	Management
1.02	Elect Peter W. Likins			For	For	Management
1.03	Elect Joseph M. Scaminace			For	For	Management
1.04	Elect Wolfgang R. Schmitt			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
3.00	Adopt the Performance Bonus Plan			For	For	Management
4.00	SP-Repeal classified board			Against	For	Shareholder
--------------------------------------------------------------------------------
PERKINELMER INC.
Ticker:		PKI	Security ID:	714046109
Meeting Date: APR 25, 2006			Meeting Type: Annual
Record Date: FEB 27, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Tamara J. Erickson			For	For	Management
1.2	Elect Director Robert F. Friel			For	For	Management
1.3	Elect Director Nicholas A. Lopardo			For	For	Management
1.4	Elect Director Alexis P. Michas			For	For	Management
1.5	Elect Director James C. Mullen			For	For	Management
1.6	Elect Director Vicki L. Sato			For	For	Management
1.7	Elect Director Gabriel Schmergel			For	For	Management
1.8	Elect Director Kenton J. Sicchitano			For	For	Management
1.9	Elect Director Gregory L. Summe			For	For	Management
1.10	Elect Director G. Robert Tod			For	For	Management
2	Ratify Auditors			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	Withhold	Management
1.2	Elect Director M. Anthony Burns			For	Withhold	Management
1.3	Elect Director Robert N. Burt			For	Withhold	Management
1.4	Elect Director W. Don Cornwell			For	Withhold	Management
1.5	Elect Director William H. Gray, III			For	Withhold	Management
1.6	Elect Director Constance J. Horner			For	Withhold	Management
1.7	Elect Director William R. Howell			For	Withhold	Management
1.8	Elect Director Stanley O. Ikenberry			For	Withhold	Management
1.9	Elect Director George A. Lorch			For	Withhold	Management
1.10	Elect Director Henry A. McKinnell			For	Withhold	Management
1.11	Elect Director Dana G. Mead			For	Withhold	Management
1.12	Elect Director Ruth J. Simmons			For	Withhold	Management
1.13	Elect Director William C. Steere, Jr.			For	Withhold	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	Against	Shareholder
7	Separate Chairman and CEO Positions			Against	Against	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
--------------------------------------------------------------------------------
PG&E CORP.
Ticker:		PCG	Security ID: 69331C108
Meeting Date: APR 19, 2006			Meeting Type: Annual
Record Date: FEB 21, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director David R. Andrews			For	Withhold	Management
1.2	Elect Director Leslie S. Biller			For	Withhold	Management
1.3	Elect Director David A. Coulter			For	Withhold	Management
1.4	Elect Director C. Lee Cox			For	Withhold	Management
1.5	Elect Director Peter A. Darbee			For	Withhold	Management
1.6	Elect Director Maryellen C. Herringer			For	Withhold	Management
1.7	Elect Director Mary S. Metz			For	Withhold	Management
1.8	Elect Director Barbara L. Rambo			For	Withhold	Management
1.9	Elect Director Barry Lawson Williams			For	Withhold	Management
2	Ratify Auditors			For	For	Management
3	Submit Shareholder Rights Plan (Poison			Against	For	Shareholder
	Pill) to Shareholder Vote
4	Provide for an Independent Chairman			Against	Against	Shareholder
--------------------------------------------------------------------------------

PMI GROUP, INC., THE
Ticker:		PMI	Security ID: 69344M101
Meeting Date: MAY 18,  2006			Meeting Type: Annual
Record Date: MAR 31,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Mariann Byerwalter			For	For	Management
1.2	Elect Director James C. Castle			For	For	Management
1.3	Elect Director Carmine Guerro			For	For	Management
1.4	Elect Director W. Roger Haughton			For	For	Management
1.5	Elect Director Wayne E. Hedien			For	For	Management
1.6	Elect Director Louis G. Lower, II			For	For	Management
1.7	Elect Director Raymond L. Ocampo, Jr.			For	For	Management
1.8	Elect Director John D. Roach			For	For	Management
1.9	Elect Director Kenneth T. Rosen			For	For	Management
1.10	Elect Director Steven L. Scheid			For	For	Management
1.11	Elect Director L. Stephen Smith			For	For	Management
1.12	Elect Director Jose H. Villarreal			For	For	Management
1.13	Elect Director Mary Lee Widener			For	For	Management
1.14	Elect Director Ronald H. Zech			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
--------------------------------------------------------------------------------
PPG INDUSTRIES, INC.
Ticker:		PPG	Security ID:	693506107
Meeting Date: APR 20,  2006			Meeting Type: Annual
Record Date: FEB 17,  2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Charles E. Bunch			For	For	Management
1.2	Elect Director Robert Ripp			For	For	Management
1.3	Elect Director Thomas J.Usher			For	For	Management
1.4	Elect Director David R. Whitwam			For	For	Management
2	Approve Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
PROCTER & GAMBLE CO
Ticker:		PG	Security ID:	742718109
Meeting Date: JUL 12,  2005			Meeting Type: S
Record Date: MAY 19,  2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.00	Approve merger/acquisition			For	For	Management
2.00	Adjourn meeting			For	For	Management
--------------------------------------------------------------------------------

PROCTER & GAMBLE CO
Ticker:		PG	Security ID:	742718109
Meeting Date: OCT 11, 2005			Meeting Type: A
Record Date: AUG 12, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.01	Elect Bruce L. Byrnes			For	For	Management
1.02	Elect Scott D. Cook			For	For	Management
1.03	Elect Charles R. Lee			For	For	Management
1.04	Elect W. James McNerney Jr.			For	For	Management
1.05	Elect Ernesto Zedillo			For	For	Management
2.00	Ratify selection of auditors			For	For	Management
3.00	Approve technical amendments			For	For	Management
4.00	Repeal classified board			For	For	Management
5.00	SP-Review or promote animal welfare			Against	Against	Shareholder
6.00	SP-Study sale or spin-off			Against	Against	Shareholder
7.00	SP-Review political spending or lobbying			Against	Against	Shareholder
--------------------------------------------------------------------------------
PROVIDIAN FINANCIAL CORP
Ticker:		PVN	Security ID:	74406A102
Meeting Date: AUG 31, 2005			Meeting Type: S
Record Date: AUG 1, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.00	Approve merger/acquisition			For	Against	Management
2.00	Adjourn meeting			For	Against	Management
--------------------------------------------------------------------------------
PUBLIC SERVICE ENTERPRISE GROUP
Ticker:		PEG	Security ID:	744573106
Meeting Date: JUL 19, 2005			Meeting Type: A
Record Date: MAY 27, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.00	Approve merger/acquisition			For	For	Management
2.01	Elect Conrad K. Harper			For	For	Management
2.02	Elect Shirley A. Jackson			For	For	Management
2.03	Elect Thomas A. Renyi			For	For	Management
3.00	Ratify selection of auditors			For	For	Management
4.00	Adjourn meeting			For	For	Management
5.00	SP-Restrict executive compensation			Against	Against	Shareholder
--------------------------------------------------------------------------------
R. R. DONNELLEY & SONS CO.
Ticker:		RRD	Security ID:	257867101

Meeting Date: MAY 25, 2006			Meeting Type: Annual
Record Date: APR 1, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Thomas S. Johnson			For	For	Management
1.2	Elect Director John C. Pope			For	For	Management
1.3	Elect Director Lionel H. Schipper, C.M.			For	For	Management
1.4	Elect Director Norman H. Wesley			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			Against	For	Shareholder
--------------------------------------------------------------------------------
RADIAN GROUP INC.
Ticker:		RDN	Security ID: 750236101
Meeting Date: MAY 9, 2006			Meeting Type: Annual
Record Date: MAR 14, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Herbert Wender			For	For	Management
1.2	Elect Director David C. Carney			For	For	Management
1.3	Elect Director Howard B. Culang			For	For	Management
1.4	Elect Director Stephen T. Hopkins			For	For	Management
1.5	Elect Director Sanford A. Ibrahim			For	For	Management
1.6	Elect Director James W. Jennings			For	For	Management
1.7	Elect Director Ronald W. Moore			For	For	Management
1.8	Elect Director Jan Nicholson			For	For	Management
1.9	Elect Director Robert W. Richards			For	For	Management
1.10	Elect Director Anthony W. Schweiger			For	For	Management
2	Amend Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
SEMPRA ENERGY
Ticker:		SRE	Security ID: 816851109
Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date: MAR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James G. Brocksmith, Jr.			For	For	Management
1.2	Elect Director Donald E. Felsinger			For	For	Management
1.3	Elect Director William D. Jones			For	For	Management
1.4	Elect Director William G. Ouchi, Ph.D.			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			For	For	Management
4	Performance-Based and/or Time-Based			Against	Against	Shareholder
	Equity Awards
--------------------------------------------------------------------------------
SHERWIN-WILLIAMS CO., THE

Ticker:		SHW	Security ID:	824348106
Meeting Date: APR 19, 2006			Meeting Type: Annual
Record Date: MAR 3, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Fix Number of and Elect Director A.F.				For	For	Management
	ANTON
1.2	Elect Director J.C. Boland				For	For	Management
1.3	Elect Director C.M. Connor				For	For	Management
1.4	Elect Director D.E. Evans				For	For	Management
1.5	Elect Director D.F. Hodnik				For	For	Management
1.6	Elect Director S.J. Kropt				For	For	Management
1.7	Elect Director R.W. Mahoney				For	For	Management
1.8	Elect Director G.E. McCullough				For	For	Management
1.9	Elect Director A.M. Mixon, III				For	For	Management
1.10	Elect Director C.E. Moll				For	For	Management
1.11	Elect Director R.K. Smucker				For	For	Management
2	Approve Omnibus Stock Plan				For	For	Management
3	Approve Non-Employee Director Omnibus				For	For	Management
	Stock Plan
4	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
SPRINT NEXTEL CORP
Ticker:		S	Security ID:	852061100
Meeting Date: APR 18, 2006			Meeting Type: Annual
Record Date: FEB 28, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Keith J. Bane				For	For	Management
1.2	Elect Director Gordon M. Bethune				For	For	Management
1.3	Elect Director Timothy M. Donahue				For	For	Management
1.4	Elect Director Frank M. Drendel				For	For	Management
1.5	Elect Director Gary D. Forsee				For	For	Management
1.6	Elect Director James H. Hance, Jr.				For	For	Management
1.7	Elect Director V. Janet Hill				For	For	Management
1.8	Elect Director Irvine O. Hockaday, Jr				For	Withhold	Management
1.9	Elect Director William E. Kennard				For	For	Management
1.10	Elect Director Linda Koch Lorimer				For	For	Management
1.11	Elect Director Stephanie M. Shern				For	For	Management
1.12	Elect Director William H. Swanson				For	For	Management
2	Ratify Auditors				For	For	Management
3	Require a Majority Vote for the Election				Against	Against	Shareholder
	of Directors
4	Restore or Provide for Cumulative Voting				Against	Against	Shareholder
--------------------------------------------------------------------------------
STATE STREET CORP. (BOSTON)
Ticker:		STT	Security ID:	857477103
Meeting Date: APR 19, 2006			Meeting Type: Annual

Record Date: FEB 24, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director T. Albright				For	For	Management
1.2	Elect Director K. Burnes				For	For	Management
1.3	Elect Director N. Darehshori				For	For	Management
1.4	Elect Director A. Goldstein				For	For	Management
1.5	Elect Director D. Gruber				For	For	Management
1.6	Elect Director L. Hill				For	For	Management
1.7	Elect Director C. LaMantia				For	For	Management
1.8	Elect Director R. Logue				For	For	Management
1.9	Elect Director R. Sergel				For	For	Management
1.10	Elect Director R. Skates				For	For	Management
1.11	Elect Director G. Summe				For	For	Management
1.12	Elect Director D. Walsh				For	For	Management
1.13	Elect Director R. Weissman				For	For	Management
2	Ratify Auditors				For	For	Management
3	Approve Omnibus Stock Plan				For	For	Management
4	Amend Executive Incentive Bonus Plan				For	For	Management
5	Submit Shareholder Rights Plan (Poison				Against	For	Shareholder
	Pill) to Shareholder Vote
--------------------------------------------------------------------------------
SUPERVALU INC.
Ticker:		SVU	Security ID:	868536103
Meeting Date: JUN 28, 2006			Meeting Type: Annual
Record Date: MAY 19, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Elect Director Irwin Cohen				For	For	Management
2	Elect Director Ronald E. Daly				For	For	Management
3	Elect Director Lawrence A. Del Santo				For	For	Management
4	Elect Director Susan E. Engel				For	For	Management
5	Elect Director Philip L. Francis				For	For	Management
6	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
SUPERVALU INC.
Ticker:		SVU	Security ID:	868536103
Meeting Date: MAY 30, 2006			Meeting Type: Special
Record Date: APR 21, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Issue Shares in Connection with an				For	For	Management
	Acquisition
2	Adjourn Meeting				For	For	Management
--------------------------------------------------------------------------------
TEXTRON INC.

Ticker:		TXT	Security ID: 883203101
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date:  MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Lewis B. Campbell			For	For	Management
1.2	Elect Director Lawrence K. Fish			For	For	Management
1.3	Elect Director Joe T. Ford			For	For	Management
2	Ratify Auditors			For	For	Management
3	Report on Depleted Uranium Weapons			Against	Against	Shareholder
	Components
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD.
Ticker:		TYC	Security ID: 902124106
Meeting Date: MAR 9, 2006			Meeting Type: Annual
Record Date:  JAN 9, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	SET THE MAXIMUM NUMBER OF DIRECTORS AT 12			For	Did Not	Management
					Vote
2.1	Elect	Director Dennis C. Blair		For	Did Not	Management
					Vote
2.2	Elect	Director Edward D. Breen		For	Did Not	Management
					Vote
2.3	Elect	Director Brian Duperreault		For	Did Not	Management
					Vote
2.4	Elect	Director Bruce S. Gordon		For	Did Not	Management
					Vote
2.5	Elect	Director Rajiv L. Gupta		For	Did Not	Management
					Vote
2.6	Elect	Director John A. Krol		For	Did Not	Management
					Vote
2.7	Elect	Director Mackey J. Mcdonald		For	Did Not	Management
					Vote
2.8	Elect	Director H. Carl Mccall		For	Did Not	Management
					Vote
2.9	Elect	Director Brendan R. O'Neill		For	Did Not	Management
					Vote
2.10	Elect	Director Sandra S. Wijnberg		For	Did Not	Management
					Vote
2.11	Elect	Director Jerome B. York		For	Did Not	Management
					Vote
3	AUTHORIZATION FOR THE BOARD OF DIRECTORS			For	Did Not	Management
	TO APPOINT AN ADDITIONAL DIRECTOR TO FILL				Vote
	THE VACANCY PROPOSED TO BE CREATED ON THE
	BOARD
4	Ratify Auditors			For	Did Not	Management
					Vote

--------------------------------------------------------------------------------
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	Against	Management
4	Declassify the Board of Directors				Against	For	Shareholder
5	Approve Report of the Compensation				Against	For	Shareholder
	Committee
--------------------------------------------------------------------------------
UNOCAL CORP
Ticker:		UCL	Security ID:	915289102
Meeting Date: AUG  10, 2005			Meeting Type: S
Record Date: JUN  29, 2005
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.00	Approve merger/acquisition				For	For	Management
2.00	Adjourn meeting				For	Against	Management
--------------------------------------------------------------------------------
VALERO ENERGY CORP
Ticker:		VLO	Security ID:	91913Y100
Meeting Date: DEC  1, 2005			Meeting Type: S
Record Date: NOV  2, 2005
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.00	Increase authorized common stock				For	For	Management
--------------------------------------------------------------------------------
VALERO ENERGY CORP.
Ticker:		VLO	Security ID:	91913Y100
Meeting Date: APR  27, 2006			Meeting Type: Annual
Record Date: MAR  1, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jerry D. Choate				For	For	Management
1.2	Elect Director William R. Klesse				For	For	Management
1.3	Elect Director Donald L. Nickles				For	For	Management
1.4	Elect Director Susan Kaufman Purcell				For	For	Management

2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
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	For	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	Against	Shareholder
4	Require a Majority Vote for the Election			Against	Against	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	Against	Shareholder
8	Performance-Based and/or Time-Based			Against	Against	Shareholder
	Equity Awards
9	Report on Political Contributions			Against	Against	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	Withhold	Management
1.3	Elect Director Mackey J. McDonald			For	For	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	Against	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	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
WALT DISNEY COMPANY, THE
Ticker:		DIS	Security ID: 254687106
Meeting Date: MAR 10, 2006			Meeting Type: Annual
Record Date: JAN 9, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John E. Bryson			For	For	Management
1.2	Elect Director John S. Chen			For	For	Management
1.3	Elect Director Judith L. Estrin			For	For	Management
1.4	Elect Director Robert A. Iger			For	For	Management
1.5	Elect Director Fred H. Langhammer			For	For	Management
1.6	Elect Director Aylin B. Lewis			For	For	Management
1.7	Elect Director Monica C. Lozano			For	For	Management
1.8	Elect Director Robert W. Matschullat			For	For	Management
1.9	Elect Director George J. Mitchell			For	For	Management
1.10	Elect Director Leo J. O' Donovan, S.J.			For	For	Management
1.11	Elect Director John E. Pepper, Jr.			For	For	Management
1.12	Elect Director Orin C. Smith			For	For	Management
1.13	Elect Director Gary L. Wilson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Company-Specific -- Shareholder			Against	Against	Shareholder
	Miscellaneous
4	Report on Vendor Standards in China			Against	Against	Shareholder
--------------------------------------------------------------------------------
WASHINGTON MUTUAL, INC
Ticker:		WM	Security ID: 939322103
Meeting Date: APR 18, 2006			Meeting Type: Annual
Record Date: FEB 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kerry K. Killinger			For	For	Management
1.2	Elect Director Thomas C. Leppert			For	For	Management
1.3	Elect Director Charles M. Lillis			For	For	Management
1.4	Elect Director Michael K. Murphy			For	For	Management
1.5	Elect Director Orin C. Smith			For	For	Management
1.6	Elect Director Regina Montoya			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	Against	Management
4	Approve Executive Incentive Bonus Plan			For	For	Management
5	Declassify the Board of Directors			For	For	Management
6	Report on Political Contributions			Against	Against	Shareholder
--------------------------------------------------------------------------------

WASTE MANAGEMENT, INC.
Ticker:		WMI	Security ID: 94106L109
Meeting Date: MAY 5, 2006			Meeting Type: Annual
Record Date: MAR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Pastora San Juan Cafferty			For	For	Management
1.2	Elect Director Frank M. Clark, Jr.			For	For	Management
1.3	Elect Director Thomas I. Morgan			For	For	Management
1.4	Elect Director John C. Pope			For	For	Management
1.5	Elect Director W. Robert Reum			For	For	Management
1.6	Elect Director Steven G. Rothmeier			For	For	Management
1.7	Elect Director David P. Steiner			For	For	Management
1.8	Elect Director Thomas H. Weidemeyer			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
WESTAR ENERGY, INC.
Ticker:		WR	Security ID: 95709T100
Meeting Date: MAY 16, 2006			Meeting Type: Annual
Record Date: MAR 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Charles Q. Chandler, IV			For	For	Management
1.2	Elect Director R. A. Edwards			For	For	Management
1.3	Elect Director Sandra A. J. Lawrence			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
WHIRLPOOL CORP.
Ticker:		WHR	Security ID: 963320106
Meeting Date: APR 18, 2006			Meeting Type: Annual
Record Date: MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gary T. DiCamillo			For	For	Management
1.2	Elect Director Kathleen J. Hempel			For	For	Management
1.3	Elect Director Arnold G. Langbo			For	For	Management
1.4	Elect Director David L. Swift			For	For	Management
1.5	Elect Director Michael A. Todman			For	For	Management
--------------------------------------------------------------------------------
WILLIS GROUP HOLDINGS LTD

Ticker:		WSH	Security ID: G96655108
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date:  FEB 28, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Gordon M. Bethune		For	Did Not	Management
					Vote
1.2	Elect	Director William W. Bradley		For	Did Not	Management
					Vote
1.3	Elect	Director Joseph A. Califano, Jr.		For	Did Not	Management
					Vote
1.4	Elect	Director Eric G. Friberg		For	Did Not	Management
					Vote
1.5	Elect	Director Sir Roy Gardner		For	Did Not	Management
					Vote
1.6	Elect	Director Perry Golkin		For	Did Not	Management
					Vote
1.7	Elect	Director Sir Jeremy Hanley		For	Did Not	Management
					Vote
1.8	Elect	Director Paul M. Hazen		For	Did Not	Management
					Vote
1.9	Elect	Director Wendy E. Lane		For	Did Not	Management
					Vote
1.10	Elect	Director James F. Mccann		For	Did Not	Management
					Vote
1.11	Elect	Director Joseph J. Plumeri		For	Did Not	Management
					Vote
1.12	Elect	Director Douglas B. Roberts		For	Did Not	Management
					Vote
2	Ratify Auditors			For	Did Not	Management
					Vote
--------------------------------------------------------------------------------
WISCONSIN ENERGY CORP.
Ticker:		WEC	Security ID: 976657106
Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date:  FEB 24, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John F. Ahearne			For	For	Management
1.2	Elect Director John F. Bergstrom			For	For	Management
1.3	Elect Director Barbara L. Bowles			For	For	Management
1.4	Elect Director Robert A. Cornog			For	For	Management
1.5	Elect Director Curt S. Culver			For	For	Management
1.6	Elect Director Thomas J. Fischer			For	For	Management
1.7	Elect Director Gale E. Klappa			For	For	Management
1.8	Elect Director Ulice Payne, Jr.			For	For	Management
1.9	Elect Director F.P. Stratton, Jr.			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------

WYETH
Ticker:		WYE	Security ID: 983024100
Meeting Date: APR 27, 2006			Meeting Type: Annual
Record Date: MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert Essner			For	For	Management
1.2	Elect Director John D. Feerick			For	For	Management
1.3	Elect Director Frances D. Fergusson,			For	For	Management
	Ph.D.
1.4	Elect Director Victor F. Ganzi			For	For	Management
1.5	Elect Director Robert Langer			For	For	Management
1.6	Elect Director John P. Mascotte			For	For	Management
1.7	Elect Director Mary Lake Polan, M.D.,			For	For	Management
	Ph.D.
1.8	Elect Director Gary L. Rogers			For	For	Management
1.9	Elect Director Ivan G. Seidenberg			For	For	Management
1.10	Elect Director Walter V. Shipley			For	Withhold	Management
1.11	Elect Director John R. Torell, III			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Non-Employee Director Omnibus			For	Against	Management
	Stock Plan
4	Report on Product Availability in Canada			Against	Against	Shareholder
5	Report on Political Contributions			Against	Against	Shareholder
6	Report on Animal welfare Policy			Against	Against	Shareholder
7	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
8	Separate Chairman and CEO Positions			Against	Against	Shareholder
9	Adopt Simple Majority Vote Requirement			Against	For	Shareholder

Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to have been voted against management's recommendation if management's recommendation is 'For' or 'Against,' and for management's recommendation if management's recommendation is 'Abstain.' Where management has recommended that shareholders 'Abstain' from voting on a ballot item, a ballot marked 'For' or 'Against' is considered to have been voted against management's recommendation to 'Abstain.'

Where management has made no recommendation on a ballot item, 'None' is used to indicate that there is no management recommendation that a shareholder may vote 'For' or '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.

PUTNAM EQUITY INCOME FUND
__________________________________________________________________________
(Registrant)

By /s/ Charles E. Porter, Executive Vice President, Associate Treasurer
and Principal Executive Officer
_______________________________________________________________________
(Signature & Title)

Date: August 11, 2006