N-PX 1 npx2005.txt NPX 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 811-09277 Viking Mutual Funds -------------------------------------------------------------------------------- Exact name of registrant as specified in charter) 1400 14th Ave. SW Minot, ND 58701 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Viking Fund Management, LLC 1400 14th Ave. SW, Minot, ND 58701 -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 1-800-933-8413 Date of fiscal year end: 12/31/04 Date of reporting period: 6/30/2005 Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. SEC 2451 (4-03) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Viking Small-Cap Value Fund -------------------------------------------------------------------------------- ACTEL CORPORATION Ticker: ACTL Security ID: 004934105 Meeting Date: October 15, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify Appointment of independent For For Management auditors -------------------------------------------------------------------------------- ALBANY INTERNATIONAL GROUP Ticker: AIN Security ID: 012348108 Meeting Date: May 12, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Incentive Stock Option Plan For For Management -------------------------------------------------------------------------------- A.O. SMITH CORPORATION Ticker: AOS Security ID: 831865209 Meeting Date: April 11, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify Appointment of independent For For Management auditors -------------------------------------------------------------------------------- APPLEBEE'S INTERNATIONAL Ticker: APPB Security ID: 037899101 Meeting Date: May 12, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Amend Incentive Stock Option Plan For Against Management 3 Amend stock purchase plan For For Management 4 Ratify appointment of independent For For Management auditors 5 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- APTARGROUP, INC. Ticker: ATR Security ID: 038336103 Meeting Date: May 4, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management -------------------------------------------------------------------------------- ARKANSAS BEST CORPORATION Ticker: ABFS Security ID: 040790107 Meeting Date: April 20, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Adopt/Amend Executive Incentive For For Management Bonus Plan 4 Adopt Omnibus Stock Option Plan For For Management -------------------------------------------------------------------------------- BELDEN INC. Ticker: BWC Security ID: 077459105 Meeting Date: July 15,2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Election of Directors For For Management 3 Approve Motion to Adjourn Meeting For For Management -------------------------------------------------------------------------------- BELDEN CDT INC Ticker: BDC Security ID: 077454106 Meeting Date: May 17, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Omnibus Stock Option Plan For For Management -------------------------------------------------------------------------------- BJ'S WHOLESALE Ticker: BJ Security ID: 05548J106 Meeting Date: May 26, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- BORGWARNER INC. Ticker: BWA Security ID: 099724106 Meeting Date: April 27, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt/Amend Executive Incentive For For Management Bonus Plan 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- CABLE DESIGN TECHNOLOGIES CORP Ticker: CDT Security ID: 126924109 Meeting Date: July 15, 2004 Meeting Type: Special # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Amend Articles/By Law/Charter- For For Management Organization Related 3 Approve Reverse Stock Split For For Shareholder 4 Approve Motion to Adjourn Meeting For For Management -------------------------------------------------------------------------------- CBRL GROUP, INC. Ticker: CBRL Security ID: 12489V106 Meeting Date: November 23, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt/Amend Executive Incentive For For Management Bonus Plan 3 Ratify Appointment of Independent For For Management Auditors -------------------------------------------------------------------------------- CHURCH & DWIGHT Ticker: CHD Security ID: 171340102 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Approve Authorized Common Stock For For Shareholder Increase 3 Adopt Stock Purchase Plan For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- CLAIRE'S STORES, INC. Ticker: CLE Security ID: 179584107 Meeting Date: June 28, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Incentive Stock Option Plan For For Management 3 S/H Proposal Northern Ireland Against Against Shareholder -------------------------------------------------------------------------------- CLARCOR INC. Ticker: CLC Security ID: 179895107 Meeting Date: March 21, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Approve Authorized Common Stock For For Shareholder Increase -------------------------------------------------------------------------------- CONMED CORPORATION Ticker: CNMD Security ID: 207410101 Meeting Date: May 17, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- GRANITE CONSTRUCTION INCORPORATED Ticker: GVA Security ID: 387328107 Meeting Date: May 23, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Miscellaneous Corporate Governance- For For Management Global 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- INTERNATIONAL RECTIFIER CORPORATION Ticker: IRF Security ID: 460254105 Meeting Date: November 22, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Miscellaneous Shareholder Equity For For Shareholder 3 Amend incentive stock option plan For For Management 4 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- JAKKS PACIFIC, INC. Ticker: JAKK Security ID: 47012E106 Meeting Date: September 10, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Transact other business For For Management -------------------------------------------------------------------------------- LANDRY'S RESTAURANTS, INC. Ticker: LNY Security ID: 51508L103 Meeting Date: June 2, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management -------------------------------------------------------------------------------- LAFARGE NORTH AMERICA INC. Ticker: LAF Security ID: 505862102 Meeting Date: April 26, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Incentive Stock Option Plan For For Management 3 Amend Stock Purchase Plan For For Management -------------------------------------------------------------------------------- LIBBEY INC. Ticker: LBY Security ID: 529898108 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management -------------------------------------------------------------------------------- MIM CORPORATION Ticker: MIMS Security ID: 553044108 Meeting Date: March 9, 2005 Meeting Type: Special # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Amend Articles/By Law/Charter- For For Management Organization Related 3 Amend Incentive Stock Option Plan For For Management to Increase Shares 4 Amend Incentive Stock Option Plan For For Management to Increase Shares -------------------------------------------------------------------------------- MENTOR CORPORATION Ticker: MNT Security ID: 587188103 Meeting Date: September 15, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Set/Change Number of Directors on For For Management Board 2 Election of Directors For For Management 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- NEWIELD EXPLORATION COMPANY Ticker: NFX Security ID: 651290108 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- OUTBACK STEAKHOUSE, INC. Ticker: OSI Security ID: 689899102 Meeting Date: April 27, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Amend omnibus stock option plan For For Management 3 Transact other business For For Management -------------------------------------------------------------------------------- OWENS & MINOR, INC. Ticker: OMI Security ID: 690732102 Meeting Date: April 28, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Incentive Stock Option Plan For For Management 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- PAR PHARMACEUTICAL COMPANIES, INC. Ticker: PRX Security ID: 69888P106 Meeting Date: May 24, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Stock Performance Plan Against Against Management -------------------------------------------------------------------------------- PERFORMANCE FOOD GROUP COMPANY Ticker: PFGC Security ID: 713755106 Meeting Date: May 18, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management -------------------------------------------------------------------------------- PIEDMONT NATURAL GAS COMPANY, INC. Ticker: PNY Security ID: 720186105 Meeting Date: March 4, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- POLYMEDICA CORPORATION Ticker: PLMD Security ID: 731738100 Meeting Date: September 17, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Amend Incentive Stock Option Plan For Against Management to Increase Shares 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- PROTECTIVE LIFE CORPORATION Ticker: PL Security ID: 743674103 Meeting Date: May 2, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- QUESTAR CORPORATION Ticker: STR Security ID: 748356102 Meeting Date: May 17, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Management Incentive Plan For For Management -------------------------------------------------------------------------------- RC2 CORPORATION Ticker: RCRC Security ID: 749388106 Meeting Date: May 6, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Incentive Stock Option Plan For For Management 3 Adopt Omnibus Stock Option Plan For For Management -------------------------------------------------------------------------------- RPM INTERNATIONAL INC. Ticker: RPM Security ID: 749685103 Meeting Date: October 8, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt omnibus stock option plan For For Management 3 Adopt incentive stock option plan For For Management -------------------------------------------------------------------------------- SCOTTISH RE GROUP LIMITED Ticker: SCT Security ID: G7885T104 Meeting Date: April 7, 2005 Meeting Type: Special # Proposal Mgt Rec Vote Cast Sponsor 1 Articles of Association For For Management 2 Bonds/Notes For For Shareholder -------------------------------------------------------------------------------- SCOTTISH RE GROUP LIMITED Ticker: SCT Security ID: G7885T104 Meeting Date: May 4, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify Appointment of Auditors For For Management -------------------------------------------------------------------------------- SPINNAKER EXPLORATION COMPANY Ticker: SKE Security ID: 84855W10 Meeting Date: May 4, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Incentive Stock Option Plan For For Management 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- SUPERVALU INC. Ticker: SVU Security ID: 868536103 Meeting Date: June 15, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Amend Stock Option Plan For For Mangement 4 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- TECHNITROL, INC. Ticker: TNL Security ID: 878555101 Meeting Date: May 18, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Amend Director Stock Option Plan For For Management -------------------------------------------------------------------------------- TELEFLEX INCORPORATED Ticker: TFX Security ID: 879369106 Meeting Date: April 29, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- WEST PHARMACEUTICAL SERVICES, INC. Ticker: WST Security ID: 955306105 Meeting Date: April 26, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management -------------------------------------------------------------------------------- XTO ENERGY INC. Ticker: XTO Security ID: 98385X106 Meeting Date: November 16, 2004 Meeting Type: Special # Proposal Mgt Rec Vote Cast Sponsor 1 Adopt Incentive Stock Option Plan For For Management -------------------------------------------------------------------------------- YELLOW ROADWAY CORPORATION Ticker: YELL Security ID: 985577105 Meeting Date: May 19, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- Viking Large-Cap Value Fund -------------------------------------------------------------------------------- ALCOA Ticker: AA Security ID: 013817101 Meeting Date: April 22, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- AMERICAN ELECTRIC POWER, INC. Ticker: AEP Security ID: 025537101 Meeting Date: April 26, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Amend Long Term Incentive Plan For For Management 4 S/H Proposal-Corporate Governance Against Against Shareholder -------------------------------------------------------------------------------- AMERISOURCEBERGEN CORPORATION Ticker: ABC Security ID: 03073E105 Meeting Date: March 4, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify Appointment of Independent For For Management Auditors -------------------------------------------------------------------------------- ANADARKO PETROLEUM CORPORATION Ticker: APC Security ID: 032511107 Meeting Date: May 12, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt incentive stock option plan For For Management 3 Ratify appointment of independent For For Management auditors 4 S/H Proposal-Establish Nominating Against Against Shareholder Committee -------------------------------------------------------------------------------- APACHE CORPORATION Ticker: APA Security ID: 037411105 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Stock Option Plan For For Management 3 Adopt Omnibus Stock Option Plan For Against Management 4 S/H Proposal-Board of Directors Against Against Shareholder 5 S/H Proposal-Corporate Governance Against Against Shareholder -------------------------------------------------------------------------------- BANK OF AMERICA CORPORATION Ticker: BAC Security ID: 060505104 Meeting Date: April 27, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 S/H Proposal-Establish Nominating Against Against Shareholder Committee 4 S/H Proposal-Board of Directors Against Against Shareholder -------------------------------------------------------------------------------- CANADIAN PACIFIC CORPORATION Ticker: CP Security ID: 13645T100 Meeting Date: May 5, 2005 Meeting Type: Special # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Appoint Auditors For For Management 3 Shareholder Rights Plan For Against Management -------------------------------------------------------------------------------- CHEVRONTEXACO CORPORATION Ticker: CVX Security ID: 166764100 Meeting Date: April 27, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 S/H Proposal-Corporate Governance Against Against Shareholder 4 S/H Proposal-Corporate Governance Against Against Shareholder 5 S/H Proposal-Form Shareholder Against Against Shareholder Advisory Committee 6 S/H Proposal-Animal Rights Against Against Shareholder 7 Miscellaneous Shareholder Proposal Against Against Shareholder 8 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- CITIGROUP INC. Ticker: C Security ID: 172967101 Meeting Date: April 19, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Amend Incentive Stock Option Plan For For Management 4 S/H Proposal-Limit Compensation Against Against Shareholder 5 S/H Proposal-Political/Government Against Against Shareholder 6 S/H Proposal-Board of Directors Against Against Shareholder 7 S/H Proposal-Corporate Governance Against Against Shareholder 8 S/H Proposal-Board of Directors Against Against Shareholder 9 S/H Proposal-Corporate Governance Against Against Shareholder 10 S/H Proposal-Board of Directors Against Against Shareholder -------------------------------------------------------------------------------- CONOCOPHILLIPS Ticker: COP Security ID: 20825C104 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 S/H Proposal-Corporate Governance Against Against Shareholder 4 S/H Proposal-Board of Directors Against Against Shareholder -------------------------------------------------------------------------------- CVS CORPORATION Ticker: CVS Security ID: 126650100 Meeting Date: May 12, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 S/H Proposal-Board of Directors Against For Shareholder 4 S/H Proposal-Corporate governance Against Against Shareholder 5 S/H Proposal-Corporate governance Against Against Shareholder -------------------------------------------------------------------------------- DEAN FOODS COMPANY Ticker: DF Security ID: 242370104 Meeting Date: May 24, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- DOMINION RESOURCES, INC. Ticker: D Security ID: 25746U109 Meeting Date: April 22, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Non-Employee Director Plan For For Management 3 Adopt Omnibus Stock Option Plan For For Management 4 Ratify appointment of independent For For Management auditors 5 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- THE DOW CHEMICAL COMPANY Ticker: DOW Security ID: 260543103 Meeting Date: May 12, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- THE HARTFORD FINANCIAL SVCS GROUP Ticker: HIG Security ID: 416515104 Meeting Date: May 18, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Adopt Incentive Stock Option Plan For For Management 4 Incentive Stock Options For For Management -------------------------------------------------------------------------------- HEALTH MANAGEMENT ASSOCIATES, INC. Ticker: HMA Security ID: 421933102 Meeting Date: February 15, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management -------------------------------------------------------------------------------- HEWLETT-PACKARD CO. Ticker: HPQ Security ID: 428236103 Meeting Date: March 16, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Amend Stock Purchase Plan For For Management -------------------------------------------------------------------------------- HONEYWELL INTERNATIONAL INC. Ticker: HON Security ID: 438516106 Meeting Date: April 25, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Declassify Board For For Management 4 Supermajority For For Management 5 S/H Proposal-Proxy Process/StatementAgainst Against Shareholder 6 S/H Proposal-Board of Directors Against Against Shareholder 7 S/H Proposal-Corporate Governance Against Against Shareholder 8 S/H Proposal-Corporate Governance Against Against Shareholder 9 S/H Proposal-Corporate Governance Against Against Shareholder -------------------------------------------------------------------------------- INGERSOLL-RAND COMPANY LIMITED Ticker: IR Security ID: G4776G101 Meeting Date: June 1, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Eliminate Cumulative Voting For For Management 4 Appoint Auditors and Approve For For Management Remuneration -------------------------------------------------------------------------------- ITT INDUSTRIES, INC. Ticker: ITT Security ID: 450911102 Meeting Date: May 10, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor A Election of Directors For For Management B Ratify appointment of independent For For Management Auditors C Approve Authorized Common Stock For For Shareholder Increase -------------------------------------------------------------------------------- JPMORGAN CHASE & CO. Ticker: JPM Security ID: 46625H100 Meeting Date: May 17, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management Auditors 3 Adopt Omnibus Stock Option Plan For For Management 4 S/H Proposal-Board of Directors Against Against Shareholder 5 S/H Proposal-Board of Directors Against Against Shareholder 6 S/H Proposal-Corporate Governance Against Against Shareholder 7 S/H Proposal-Corporate Governance Against Against Shareholder -------------------------------------------------------------------------------- KIMBERLY-CLARK CORPORATION Ticker: KMB Security ID: 494368103 Meeting Date: April 28, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Miscellaneous Shareholder Proposal Against Against Shareholder -------------------------------------------------------------------------------- MASCO CORPORATION Ticker: MAS Security ID: 574599106 Meeting Date: May 10, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt omnibus stock option plan For For Management 3 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- MBIA INC. Ticker: MBI Security ID: 55262C100 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Omnibus Stock Option Plan For Against Management 3 Adopt Omnibus Stock Option Plan For Against Management 4 Approve Charter Amendment For Against Management 5 Approve Charter Amendment For For Management 6 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- MCKESSON CORPORATION Ticker: MCK Security ID: 58155Q103 Meeting Date: July 28, 2004 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- MERCK & CO. Ticker: MRK Security ID: 589331107 Meeting Date: April 26, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 S/H Proposal-Corporate Governance Against Against Shareholder 4 S/H Proposal-Corporate Governance Against Against Shareholder 5 S/H Proposal-Animal Rights Against Against Shareholder 6 S/H Proposal-Board of Directors Against Against Shareholder 7 S/H Proposal-Board of Directors Against Against Shareholder 8 S/H Proposal-Political/Government Against Against Shareholder 9 S/H Proposal-Health Issues Against Against Shareholder -------------------------------------------------------------------------------- MERRILL LYNCH & CO., INC. Ticker: MER Security ID: 590188108 Meeting Date: April 22, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Adopt Director Stock Option Plan For For Management 4 S/H Proposal-Adopt Cumulative Against Against Shareholder Voting 5 S/H Proposal-Corporate Governance Against Against Shareholder -------------------------------------------------------------------------------- MORGAN STANLEY Ticker: MWD Security ID: 617446448 Meeting Date: March 15, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Classify/Stagger Board of Directors For For Management 4 S/H Proposal-Board of Directors Against Against Shareholder -------------------------------------------------------------------------------- NATIONAL CITY CORPORATION Ticker: NCC Security ID: 635405103 Meeting Date: April 26, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- PARTNERRE LTD Ticker: PRE Security ID: G6852T105 Meeting Date: May 10, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Omnibus Stock Option Plan For For Management 3 Approve Allotment of Equity For For Management Securities 4 Ratify appointment of independent For For Management auditors 6 Transact other business For For Management -------------------------------------------------------------------------------- PFIZER INC. Ticker: PFE Security ID: 717081103 Meeting Date: April 28, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Board of Directors Against Against Shareholder 4 Health issues Against Against Shareholder 5 Political/government Against Against Shareholder 6 Health issues Against Against Shareholder 7 Board of Directors Against Against Shareholder 8 Miscellaneous Against Against Shareholder -------------------------------------------------------------------------------- RIO TINTO PLC Ticker: RTP Security ID: 767204100 Meeting Date: April 14, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Allotment of Relevant For For Shareholder Securities 2 Approve Allotment of Equity For For Shareholder Securities 3 Authorize Directors to Repurchase For For Management Shares 4 Authorize Directors to Repurchase For For Management Shares 5 Articles of Association For For Management 6 Merger Plan For For Management 7 Adopt Omnibus Stock Option Plan For For Management 8 Miscellaneous Corporate Governance- For For Management Global 9 Miscellaneous Corporate Governance- For For Management Global 10 Miscellaneous Corporate Governance- For For Management Global 11 Miscellaneous Corporate Governance- For For Management Global 12 Appoint Auditors and Approve For For Management Remuneration 13 Miscellaneous Corporate Governance- For For Management Global 14 Miscellaneous Corporate Governance- For For Management Global -------------------------------------------------------------------------------- SEALED AIR CORPORATION Ticker: SEE Security ID: 81211K100 Meeting Date: May 20, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Omnibus Stock Option Plan For For Management 3 Adopt Omnibus Stock Option Plan For For Management 4 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- TRIAD HOSPITALS, INC. Ticker: TRI Security ID: 89579K109 Meeting Date: May 24, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Amend long term incentive plan For For Management 4 Amend stock purchase plan to For For Management increase shares -------------------------------------------------------------------------------- UNION PACIFIC CORPORATION Ticker: UNP Security ID: 907818108 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Omnibus stock option plan For For Management 3 Ratify appointment of independent For For Management auditors 4 S/H Proposal-Proxy Process/ Against Against Shareholder Statement -------------------------------------------------------------------------------- U.S. BANCORP Ticker: USB Security ID: 902973106 Meeting Date: April 19, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Supermajority For For Management 4 Corporate governance Against Against Shareholder 5 Corporate governance Against Against Shareholder -------------------------------------------------------------------------------- VERIZON COMMUNICATIONS INC. Ticker: VZ Security ID: 92343V104 Meeting Date: May 5, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Adopt cumulative voting Against For Shareholder 4 Proxy process/statement Against For Shareholder 5 Board of Directors Against Against Shareholder 6 Board of Directors Against Against Shareholder 7 Board of Directors Against Against Shareholder 8 Establish Nominating Committee Against Against Shareholder -------------------------------------------------------------------------------- THE WALT DISNEY COMPANY Ticker: DIS Security ID: 254687106 Meeting Date: February 11, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors 3 Adopt Incentive Stock Option Plan For For Management 4 Miscellaneous Shareholder Proposal Against Against Shareholder 5 S/H Proposal-Third World Issues Against Against Shareholder -------------------------------------------------------------------------------- WASHINGTON MUTUAL Ticker: WM Security ID: 939322103 Meeting Date: April 19, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Ratify appointment of independent For For Management auditors -------------------------------------------------------------------------------- WHIRLPOOL Ticker: WHR Security ID: 963320106 Meeting Date: April 19, 2005 Meeting Type: Annual # Proposal Mgt Rec Vote Cast Sponsor 1 Election of Directors For For Management 2 Adopt Non-Employee Director Plan For For Management -------------------------------------------------------------------------------- Viking Tax-Free Fund for Montana -------------------------------------------------------------------------------- The Viking Tax-Free Fund for Montana did not hold any portfolio securities with respect to which the Fund was entitled to vote during the period from July 1, 2004 through June 30, 2005. -------------------------------------------------------------------------------- Viking Tax-Free Fund for North Dakota -------------------------------------------------------------------------------- The Viking Tax-Free Fund for North Dakota did not hold any portfolio securities with respect to which the Fund was entitled to vote during the period from July 1, 2004 through June 30, 2005. -------------------------------------------------------------------------------- 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. (Registrant) Viking Mutual Funds ------------------------------------------------------------------- By (Signature and Title)* /s/ Douglas P. Miller, Vice President ------------------------------------------------------ Date August 16, 2005 ---------------------------------------------------------------------------