	UNITED STATES	OMB APPROVAL
	SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB Number: 3235-0582
		Expires: April 30, 2009
		Estimated average burden hours per response......14.4

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08765

MANAGED HIGH YIELD PLUS FUND, INC.
(Exact name of registrant as specified in charter)

51 West 52nd Street, New York, New York			10019-6114
(Address of principal executive offices)			(Zip code)

Eric Sanders
UBS Global Asset Management (Americas) Inc.
51 West 52nd Street
New York, NY 10019-6114
(Name and address of agent for service)

Registrant’s telephone number, including area code:		888-793-8637

Date of fiscal year end:	5/31/06

Date of reporting period:	7/1/2005 - 6/30/2006

Item 1. Proxy Voting Record.

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

ICA File Number: 811-08765

Managed High Yield Plus Fund, Inc.

51 West 52nd Street

New York, New York 10019-6114

888-793-8637

Eric Sanders

UBS Global Asset Management (Americas) Inc.

51 West 52nd Street

New York, New York 10019-6114

Fiscal year end: 5/31

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

====================== MANAGED HIGH YIELD PLUS FUND, INC. ======================

ADELPHIA COMMUNICATIONS CORP.

Ticker: ADELQ Security ID: 006848303

Meeting Date: MAY 14, 2006 Meeting Type: Written Consent

Record Date: NOV 28, 2005

# Proposal Mgt Rec Vote Cast Sponsor

1 DEBTORS FOURTH AMENDED JOINT PLAN OF None Did Not Management

REORGANIZATION UNDER CHAPTER 11 OF THE 0; Vote

BANKRUPTCY CODE DATED NOVEMBER 21, 2005.M

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

AMERICAN TOWER CORP.

Ticker: AM T Security ID: 029912201

Meeting Date: MAY 11, 2006 Meeting Type: Annual

Record Date: MAR 23, 2006

# Proposal Mgt Rec Vote Cast Sponsor

1.1 Elect Director Raymond P. Dol an For For Management

1.2 Elect Director Carolyn F. Katz For For Management

1.3 Elect Director Gustavo Lara Cantu For For Management

1.4 Elect Director Fred R. Lummis For 0; For Management

1.5 Elect Director Pamela D.A. Reeve For For Management

1.6 Elect Director James D. Taiclet, Jr. For For Management

1.7 Elect Director Samme L. Thompson For For Management

2 Ratify Auditors For For Management

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

SPECTRASITE, INC.

Ticker: SSI Security ID: 84761M104

Meeting Date: AUG 3, 2005 Meeting Type: Special

Record Date: JUN 14, 2005

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Merger Agreement For For Management

2 Adjourn Meeting For For Management

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

US UNWIRED INC.

Ticker: Security ID: 90338RAG9

Meeting Date: FEB 27, 2006 Meeting Type: Written Consent

Record Date: FEB 9, 2006

# Proposal Mgt Rec Vote Cast Sponsor

1 PROPOSED AMENDMENTS None Did Not Management

& #160; Vote

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

XO HOLDINGS, INC.

Ticker: XOHO 0; Security ID: 98417K106

Meeting Date: JUN 21, 2006 Meeting Type: Annual

Record Date: MAY 22, 2006

# Proposal Mgt Rec Vote Cast Sponsor

1.1 Elect Director Carl C. Icahn For Withhold Management

1.2 Elect Director Carl J. Grivner For Withhold Management

1.3 Elect Director Jon F. Weber For Withhold Management

1.4 Elect Director Adam Dell For For Managemen t

1.5 Elect Director Fredrik C. Gradin For For Management

1.6 Elect Director Vincent J. Intrieri For Withhold Management

1.7 Elect Director Robert L. Knauss For For Management

1.8 Elect Director Keith Meister 60; For Withhold Management

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.

Managed High Yield Plus Fund, Inc.

W. Douglas Beck

President

Managed High Yield Plus Fund, Inc.

Executive Director

UBS Global Asset Management (Americas) Inc.

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

(Registrant)		Managed High Yield Plus Fund, Inc.

By (Signature and Title)*			/s/ W. Douglas Beck
				President
Date	August 17, 2006