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 811-10571

BLUE CHIP INVESTOR FUNDS

(Exact name of registrant as specified in charter)

480 N. Magnolia Avenue, Suite 103, El Cajon, CA 92020

(Address of principal executive offices)              (Zip code)

Ross C. Provence

Blue Chip Investor Funds

11995 El Camino Real, Suite 303, San Diego Ca, 92130

(Name and address of agent for service)

Registrant's telephone number, including area code: (619) 588-9700

Date of fiscal year end: December 31

Date of reporting period: June 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 (§§ 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 notes.

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. § 3507.

ITEM 1. PROXY VOTING RECORD:

Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:

(a). The name of the issuer of the portfolio security;

(b). The exchange ticker symbol of the portfolio security;

(c). The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;

(d). The shareholder meeting date;

(e). A brief identification of the matter voted on;

 (f). Whether the matter was proposed by the issuer or by a security holder;

(g). Whether the Registrant cast its vote on the matter;

(h). How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding   

       election of directors); and

 (i). Whether the Registrant cast its vote for or against management.

Blue Chip Investor Fund Vote Summary

7/1/04 to 6/30/05

AFLAC INCORPORATED

Security

001055102

Meeting Type

Contested Annual

Ticker Symbol

AFL

Meeting Date

5/2/2005

ISIN

Agenda

932268534 - Management

City

Holdings Recon Date

2/23/2005

Country

UNITED STATES

Vote Deadline Date

4/29/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

DANIEL P. AMOS

For

For

2

JOHN SHELBY AMOS II

For

For

For

3

MICHAEL H. ARMACOST

For

4

KRISS CLONINGER III

For

For

5

JOE FRANK HARRIS

For

For

For

6

ELIZABETH J. HUDSON

For

7

KENNETH S. JANKE SR.

For

For

8

DOUGLAS W. JOHNSON

For

For

9

ROBERT B. JOHNSON

For

For

For

10

CHARLES B. KNAPP

For

11

HIDEFUMI MATSUI

For

For

12

E. STEPHEN PURDOM, M.D.

For

For

13

BARBARA K. RIMER, PH.D.

For

For

For

14

MARVIN R. SCHUSTER

For

15

DAVID GARY THOMPSON

For

For

16

TOHRU TONOIKE

For

For

17

ROBERT L. WRIGHT

For

For

02

RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

Mgmt

For

For

ANHEUSER-BUSCH COMPANIES, INC.

Security

035229103

Meeting Type

Annual

Ticker Symbol

BUD

Meeting Date

4/27/2005

ISIN

Agenda

932267657 - Management

City

Holdings Recon Date

2/28/2005

Country

UNITED STATES

Vote Deadline Date

4/26/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

JOHN E. JACOB

For

For

2

CHARLES F. KNIGHT

For

For

For

3

JOYCE M. ROCHE

For

4

HENRY HUGH SHELTON

For

For

5

PATRICK T. STOKES

For

For

02

APPROVE THE OFFICER BONUS PLAN, AS AMENDED

Mgmt

For

For

03

APPROVE THE 1998 INCENTIVE STOCK PLAN, AS AMENDED

Mgmt

For

For

04

APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Mgmt

For

For

ARTHUR J. GALLAGHER & CO.

Security

363576109

Meeting Type

Annual

Ticker Symbol

AJG

Meeting Date

5/17/2005

ISIN

Agenda

932308821 - Management

City

Holdings Recon Date

3/21/2005

Country

UNITED STATES

Vote Deadline Date

5/16/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

GARY P. COUGHLAN

For

For

2

ELBERT O. HAND

For

For

02

RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR 2005.

Mgmt

For

For

03

APPROVAL OF THE ARTHUR J. GALLAGHER & CO. SENIORMANAGEMENT INCENTIVE PLAN.

Mgmt

For

For

04

APPROVAL OF THE ARTHUR J. GALLAGHER & CO. 2005LONG-TERM INCENTIVE PLAN.

Mgmt

For

For

BERKSHIRE HATHAWAY INC.

Security

084670108

Meeting Type

Annual

Ticker Symbol

BRKA

Meeting Date

4/30/2005

ISIN

Agenda

932270476 - Management

City

Holdings Recon Date

3/2/2005

Country

UNITED STATES

Vote Deadline Date

4/29/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

WARREN E. BUFFETT

For

For

2

CHARLES T. MUNGER

For

For

For

3

HOWARD G. BUFFETT

For

4

MALCOLM G. CHACE

For

For

5

WILLIAM H. GATES III

For

For

6

DAVID S. GOTTESMAN

For

For

For

7

CHARLOTTE GUYMAN

For

8

DONALD R. KEOUGH

For

For

9

THOMAS S. MURPHY

For

For

10

RONALD L. OLSON

For

For

11

WALTER SCOTT, JR.

For

For

02

PROPOSED AMENDMENT OF THE CORPORATION'S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD ADD TO THE VOTING RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN CERTAIN SITUATIONS.

Mgmt

For

For

03

PROPOSED AMENDMENT OF THE CORPORATION'S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD CLARIFY THE RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN A STOCK SPLIT OR STOCK DIVIDEND.

Mgmt

For

For

CARDINAL HEALTH, INC.

Security

14149Y108

Meeting Type

Annual

Ticker Symbol

CAH

Meeting Date

12/8/2004

ISIN

Agenda

932238884 - Management

City

Holdings Recon Date

10/25/2004

Country

UNITED STATES

Vote Deadline Date

12/8/2004

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

GEORGE H. CONRADES

For

For

2

ROBERT L. GERBIG

For

For

3

RICHARD C. NOTEBAERT

For

For

02

PROPOSAL TO AMEND THE COMPANY S PERFORMANCE-BASED INCENTIVE COMPENSATION PLAN AND APPROVE THE MATERIAL TERMS OF THE PERFORMANCE GOALS UNDER SUCH PLAN, AS AMENDED.

Mgmt

For

For

03

PROPOSAL FROM A SHAREHOLDER ON ANNUAL ELECTION OF DIRECTORS, IF PRESENTED PROPERLY.

Shr

Against

For

FIFTH THIRD BANCORP

Security

316773100

Meeting Type

Annual

Ticker Symbol

FITB

Meeting Date

3/22/2005

ISIN

Agenda

932262380 - Management

City

Holdings Recon Date

1/31/2005

Country

UNITED STATES

Vote Deadline Date

3/21/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

JAMES P. HACKETT

For

For

2

JOAN R. HERSCHEDE

For

For

For

3

ROBERT L. KOCH II

For

4

KENNETH W. LOWE

For

For

5

THOMAS W. TRAYLOR

For

For

02

PROPOSAL TO AMEND THE CODE OR REGULATIONS TO REDUCE THE DEFAULT NUMBER OF DIRECTORS AND TO REDUCE THE MINIMUM NUMBER OF DIRECTORS THE BOARD MAY SET WITHOUT SHAREHOLDER APPROVAL.

Mgmt

For

For

03

PROPOSAL TO APPROVE THE APPOINTMENT OF DELOITTE& TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE YEAR 2005.

Mgmt

For

For

FIRST DATA CORPORATION

Security

319963104

Meeting Type

Annual

Ticker Symbol

FDC

Meeting Date

5/11/2005

ISIN

Agenda

932283500 - Management

City

Holdings Recon Date

3/14/2005

Country

UNITED STATES

Vote Deadline Date

5/10/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

ALISON DAVIS

For

For

2

JAMES D. ROBINSON III

For

For

For

3

BERNARD L. SCHWARTZ

For

4

ARTHUR F. WEINBACH

For

For

02

THE APPROVAL OF AN INCREASE IN THE NUMBER OF SHARES ISSUABLE UNDER THE COMPANY'S EMPLOYEES TOCK PURCHASE PLAN BY 6,000,000 SHARES OF THE COMPANY'S COMMON STOCK.

Mgmt

Abstain

Against

03

THE APPROVAL OF AMENDMENTS TO THE COMPANY'S SENIOR EXECUTIVE INCENTIVE PLAN.

Mgmt

For

For

04

THE RATIFICATION OF THE SELECTION OF ERNST &YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR 2005.

Mgmt

For

For

05

SHAREHOLDER PROPOSAL ON JOB LOSS AND DISLOCATION IMPACT STATEMENT.

Shr

Against

For

06

SHAREHOLDER PROPOSAL ON DIRECTOR LIABILITY.

Shr

Against

For

FIRST HORIZON NATIONAL CORPORATION

Security

320517105

Meeting Type

Annual

Ticker Symbol

FHN

Meeting Date

4/19/2005

ISIN

Agenda

932272595 - Management

City

Holdings Recon Date

2/25/2005

Country

UNITED STATES

Vote Deadline Date

4/18/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

SIMON F. COOPER

For

For

2

JAMES A. HASLAM, III

For

For

3

MARY F. SAMMONS

For

For

02

RATIFICATION OF APPOINTMENT OF KPMG LLP AS AUDITORS.

Mgmt

For

For

FISERV, INC.

Security

337738108

Meeting Type

Annual

Ticker Symbol

FISV

Meeting Date

4/6/2005

ISIN

Agenda

932267760 - Management

City

Holdings Recon Date

2/14/2005

Country

UNITED STATES

Vote Deadline Date

4/5/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

D.F. DILLON

For

For

2

G.J. LEVY

For

For

3

G.M. RENWICK

For

For

02

TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS THE REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM OF FISERV, INC. FOR 2005.

Mgmt

For

For

03

TO APPROVE THE FISERV, INC. EXECUTIVE INCENTIVE COMPENSATION PLAN, AS AMENDED AND RESTATED.

Mgmt

For

For

04

TO APPROVE THE FISERV, INC. STOCK OPTION AND RESTRICTED STOCK PLAN, AS AMENDED AND RESTATED.

Mgmt

For

For

LIMITED BRANDS, INC.

Security

532716107

Meeting Type

Annual

Ticker Symbol

LTD

Meeting Date

5/16/2005

ISIN

Agenda

932303465 - Management

City

Holdings Recon Date

3/31/2005

Country

UNITED STATES

Vote Deadline Date

5/13/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

DONNA A. JAMES

For

For

2

LEONARD A. SCHLESINGER

For

For

For

3

JEFFREY B. SWARTZ

For

4

RAYMOND ZIMMERMAN

For

For

M&T BANK CORPORATION

Security

55261F104

Meeting Type

Annual

Ticker Symbol

MTB

Meeting Date

4/19/2005

ISIN

Agenda

932268508 - Management

City

Holdings Recon Date

2/28/2005

Country

UNITED STATES

Vote Deadline Date

4/18/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

W.F. ALLYN

For

For

2

B.D. BAIRD

For

For

For

3

R.J. BENNETT

For

4

C.A. BONTEMPO

For

For

5

R.T. BRADY

For

For

6

E.L. BRUMBACK

For

For

For

7

M.D. BUCKLEY

For

8

P.J. CALLAN

For

For

9

R.C. CARBALLADA

For

For

10

T.J. CUNNINGHAM III

For

For

For

11

R.E. GARMAN

For

12

D.C. HATHAWAY

For

For

13

D.R. HAWBAKER

For

For

For

14

P.W.E. HODGSON

For

15

G. KENNEDY

For

For

16

R.G. KING

For

For

17

R.B. NEWMAN, II

For

For

For

18

J.G. PEREIRA

For

19

M.P. PINTO

For

For

20

R.E. SADLER, JR.

For

For

For

21

E.J. SHEEHY

For

22

S.G. SHEETZ

For

For

23

H.L. WASHINGTON

For

For

24

R.G. WILMERS

For

For

02

TO APPROVE THE M&T BANK CORPORATION 2005INCENTIVE COMPENSATION PLAN DESCRIBED IN THE PROXY STATEMENT.

Mgmt

For

For

03

TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT PUBLIC ACCOUNTANT OF M&T BANK CORPORATION FOR THE YEAR ENDING DECEMBER 31, 2005.

Mgmt

For

For

MBIA INC.

Security

55262C100

Meeting Type

Annual

Ticker Symbol

MBI

Meeting Date

5/5/2005

ISIN

Agenda

932300104 - Management

City

Holdings Recon Date

3/11/2005

Country

UNITED STATES

Vote Deadline Date

5/4/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

JOSEPH W. BROWN

For

For

2

C. EDWARD CHAPLIN

For

For

For

3

DAVID C. CLAPP

For

4

GARY C. DUNTON

For

For

5

CLAIRE L. GAUDIANI

For

For

6

DANIEL P. KEARNEY

For

For

For

7

LAURENCE H. MEYER

For

8

DEBRA J. PERRY

For

For

9

JOHN A. ROLLS

For

For

02

APPROVAL OF THE COMPANY'S NEW ANNUAL INCENTIVE PLAN FOR PURPOSES OF SECTION 162(M) OF THE INTERNAL REVENUE CODE.

Mgmt

For

For

03

APPROVAL OF THE COMPANY'S NEW OMNIBUS INCENTIVE PLAN.

Mgmt

For

For

04

APPROVAL OF AN AMENDMENT OF SECTION 8 OF THE COMPANY'S CERTIFICATE OF INCORPORATION.

Mgmt

For

For

05

APPROVAL OF AN AMENDMENT TO THE COMPANY'S CERTIFICATE OF INCORPORATION TO PERMIT SHAREHOLDERS TO ACT BY MAJORITY WRITTEN CONSENT.

Mgmt

For

For

06

APPROVAL OF APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS.

Mgmt

For

For

MBNA CORPORATION

Security

55262L100

Meeting Type

Annual

Ticker Symbol

KRB

Meeting Date

5/2/2005

ISIN

Agenda

932268902 - Management

City

Holdings Recon Date

2/4/2005

Country

UNITED STATES

Vote Deadline Date

4/29/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

JAMES H. BERICK

For

For

2

MARY M. BOIES

For

For

For

3

BENJAMIN R. CIVILETTI

For

4

BRUCE L. HAMMONDS

For

For

5

WILLIAM L. JEWS

For

For

6

RANDOLPH D. LERNER

For

For

For

7

STUART L. MARKOWITZ

For

8

WILLIAM B. MILSTEAD

For

For

9

THOMAS G. MURDOUGH, JR.

For

For

10

LAURA S. UNGER

For

For

02

RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS

Mgmt

For

For

03

STOCKHOLDER PROPOSAL

Shr

Against

For

04

STOCKHOLDER PROPOSAL

Shr

Against

For

MELLON FINANCIAL CORPORATION

Security

58551A108

Meeting Type

Annual

Ticker Symbol

MEL

Meeting Date

4/19/2005

ISIN

Agenda

932268899 - Management

City

Holdings Recon Date

2/11/2005

Country

UNITED STATES

Vote Deadline Date

4/18/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

RUTH E. BRUCH

For

For

2

STEVEN G. ELLIOTT

For

For

For

3

EDMUND F. KELLY

For

4

ROBERT MEHRABIAN

For

For

5

WESLEY W. VON SCHACK

For

For

02

RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPENDENT PUBLIC ACCOUNTANTS.

Mgmt

For

For

MERCURY GENERAL CORPORATION

Security

589400100

Meeting Type

Annual

Ticker Symbol

MCY

Meeting Date

5/11/2005

ISIN

Agenda

932307615 - Management

City

Holdings Recon Date

3/15/2005

Country

UNITED STATES

Vote Deadline Date

5/10/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

GEORGE JOSEPH

For

For

2

CHARLES E. MCCLUNG

For

For

For

3

DONALD R. SPUEHLER

For

4

RICHARD E. GRAYSON

For

For

5

DONALD P. NEWELL

For

For

6

BRUCE A. BUNNER

For

For

For

7

NATHAN BESSIN

For

8

MICHAEL D. CURTIUS

For

For

9

GABRIEL TIRADOR

For

For

02

TO APPROVE THE MERCURY GENERAL CORPORATION2005 EQUITY INCENTIVE AWARD PLAN.

Mgmt

For

For

PFIZER INC.

Security

717081103

Meeting Type

Annual

Ticker Symbol

PFE

Meeting Date

4/28/2005

ISIN

Agenda

932269423 - Management

City

Holdings Recon Date

3/2/2005

Country

UNITED STATES

Vote Deadline Date

4/27/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

MICHAEL S. BROWN

For

For

2

M. ANTHONY BURNS

For

For

For

3

ROBERT N. BURT

For

4

W. DON CORNWELL

For

For

5

WILLIAM H. GRAY III

For

For

6

CONSTANCE J. HORNER

For

For

For

7

WILLIAM R. HOWELL

For

8

STANLEY O. IKENBERRY

For

For

9

GEORGE A. LORCH

For

For

10

HENRY A. MCKINNELL

For

For

For

11

DANA G. MEAD

For

12

RUTH J. SIMMONS

For

For

13

WILLIAM C. STEERE, JR.

For

For

14

JEAN-PAUL VALLES

For

For

02

A PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.

Mgmt

For

For

03

SHAREHOLDER PROPOSAL RELATING TO TERM LIMITS FOR DIRECTORS.

Shr

Against

For

04

SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS.

Shr

Against

For

05

SHAREHOLDER PROPOSAL RELATING TO IMPORTATION OF PRESCRIPTION DRUGS.

Shr

Against

For

06

SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS.

Shr

Against

For

07

SHAREHOLDER PROPOSAL RELATING TO PRODUCT AVAILABILITY IN CANADA.

Shr

Against

For

08

SHAREHOLDER PROPOSAL RELATING TO THE SEPARATION OF THE ROLES OF CHAIR AND CEO AND ACCESS TO PHARMACEUTICAL PRODUCTS.

Shr

Against

For

THE PROGRESSIVE CORPORATION

Security

743315103

Meeting Type

Annual

Ticker Symbol

PGR

Meeting Date

4/15/2005

ISIN

Agenda

932271048 - Management

City

Holdings Recon Date

2/17/2005

Country

UNITED STATES

Vote Deadline Date

4/14/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

CHARLES A. DAVIS

For

For

2

BERNADINE P. HEALY, MD

For

For

3

JEFFREY D. KELLY

For

For

02

PROPOSAL TO APPROVE AMENDMENTS TO THE COMPANY'S CODE OF REGULATIONS TO PROVIDE THAT AN INDIVIDUAL ELECTED BY THE DIRECTORS TO FILL A VACANCY ON THE BOARD WILL SERVE FOR A TERM ENDING AT THE NEXT SHAREHOLDERS MEETING AT WHICH AN ELECTION OF DIRECTORS WILL OCCUR. PROPOSAL TO APPROVE AMENDMENTS TO THE COMPANY'S CODE OF REGULATIONS TO PROVIDE THAT AN INDIVIDUAL ELECTED BY THE DIRECTORS TO FILL A VACANCY ON THE BOARD WILL SERVE FOR A TERM ENDING AT THE NEXT SHAREHOLDERS MEETING AT WHICH AN ELECTION OF DIRECTORS WILL OCCUR. PROPOSAL TO APPROVE AMENDMENTS TO THE COMPANY'S CODE OF REGULATIONS TO PROVIDE THAT AN INDIVIDUAL ELECTED BY THE DIRECTORS TO FILL A VACANCY ON THE BOARD WILL SERVE FOR A TERM ENDING AT THE NEXT SHAREHOLDERS MEETING AT WHICH AN ELECTION OF DIRECTORS WILL OCCUR. PROPOSAL TO APPROVE AMENDMENTS TO THE COMPANY'S CODE OF REGULATIONS TO PROVIDE THAT AN INDIVIDUAL ELECTED BY THE DIRECTORS TO FILL A VACANCY ON THE BOARD WILL SERVE FOR A TERM ENDING AT THE NEXT SHAREHOLDERS MEETING AT WHICH AN ELECTION OF DIRECTORS WILL OCCUR.

Mgmt

For

For

03

PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.

Mgmt

For

For

WELLS FARGO & COMPANY

Security

949746101

Meeting Type

Annual

Ticker Symbol

WFC

Meeting Date

4/26/2005

ISIN

Agenda

932269055 - Management

City

Holdings Recon Date

3/8/2005

Country

UNITED STATES

Vote Deadline Date

4/25/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

J.A. BLANCHARD III

For

For

2

SUSAN E. ENGEL

For

For

For

3

ENRIQUE HERNANDEZ, JR.

For

4

ROBERT L. JOSS

For

For

5

REATHA CLARK KING

For

For

6

RICHARD M. KOVACEVICH

For

For

For

7

RICHARD D. MCCORMICK

For

8

CYNTHIA H. MILLIGAN

For

For

9

PHILIP J. QUIGLEY

For

For

10

DONALD B. RICE

For

For

For

11

JUDITH M. RUNSTAD

For

12

STEPHEN W. SANGER

For

For

13

SUSAN G. SWENSON

For

For

For

14

MICHAEL W. WRIGHT

For

02

PROPOSAL TO APPROVE THE COMPANY'S AMENDED AND RESTATED LONG-TERM INCENTIVE COMPENSATION PLAN.

Mgmt

For

For

03

PROPOSAL TO RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2005.

Mgmt

For

For

04

STOCKHOLDER PROPOSAL REGARDING PAYDAY LENDING.

Shr

Against

For

05

STOCKHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND PREDATORY LENDING.

Shr

Against

For

06

STOCKHOLDER PROPOSAL REGARDING PERFORMANCE SHARES.

Shr

Against

For

07

STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION.

Shr

Against

For

08

STOCKHOLDER PROPOSAL REGARDING SEPARATION OF BOARD CHAIR AND CEO POSITIONS.

Shr

Against

For

Blue Chip Investor Horizon Fund Vote Summary

7/1/04 to 6/30/05

AFLAC INCORPORATED

Security

001055102

Meeting Type

Contested Annual

Ticker Symbol

AFL

Meeting Date

5/2/2005

ISIN

Agenda

932268534 - Management

City

Holdings Recon Date

2/23/2005

Country

UNITED STATES

Vote Deadline Date

4/29/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

DANIEL P. AMOS

For

For

2

JOHN SHELBY AMOS II

For

For

For

3

MICHAEL H. ARMACOST

For

4

KRISS CLONINGER III

For

For

5

JOE FRANK HARRIS

For

For

For

6

ELIZABETH J. HUDSON

For

7

KENNETH S. JANKE SR.

For

For

8

DOUGLAS W. JOHNSON

For

For

9

ROBERT B. JOHNSON

For

For

For

10

CHARLES B. KNAPP

For

11

HIDEFUMI MATSUI

For

For

12

E. STEPHEN PURDOM, M.D.

For

For

13

BARBARA K. RIMER, PH.D.

For

For

For

14

MARVIN R. SCHUSTER

For

15

DAVID GARY THOMPSON

For

For

16

TOHRU TONOIKE

For

For

For

17

ROBERT L. WRIGHT

For

02

RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

Mgmt

For

For

ARTHUR J. GALLAGHER & CO.

Security

363576109

Meeting Type

Annual

Ticker Symbol

AJG

Meeting Date

5/17/2005

ISIN

Agenda

932308821 - Management

City

Holdings Recon Date

3/21/2005

Country

UNITED STATES

Vote Deadline Date

5/16/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

GARY P. COUGHLAN

For

For

2

ELBERT O. HAND

For

For

02

RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR 2005.

Mgmt

For

For

03

APPROVAL OF THE ARTHUR J. GALLAGHER & CO. SENIOR MANAGEMENT INCENTIVE PLAN.

Mgmt

For

For

04

APPROVAL OF THE ARTHUR J. GALLAGHER & CO. 2005LONG-TERM INCENTIVE PLAN.

Mgmt

For

For

BERKSHIRE HATHAWAY INC.

Security

084670207

Meeting Type

Annual

Ticker Symbol

BRKB

Meeting Date

4/30/2005

ISIN

Agenda

932270476 - Management

City

Holdings Recon Date

3/2/2005

Country

UNITED STATES

Vote Deadline Date

4/29/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

WARREN E. BUFFETT

For

For

2

CHARLES T. MUNGER

For

For

For

3

HOWARD G. BUFFETT

For

4

MALCOLM G. CHACE

For

For

5

WILLIAM H. GATES III

For

For

6

DAVID S. GOTTESMAN

For

For

For

7

CHARLOTTE GUYMAN

For

8

DONALD R. KEOUGH

For

For

9

THOMAS S. MURPHY

For

For

10

RONALD L. OLSON

For

For

11

WALTER SCOTT, JR.

For

For

02

PROPOSED AMENDMENT OF THE CORPORATION'S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD ADD TO THE VOTING RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN CERTAIN SITUATIONS.

Mgmt

For

For

03

PROPOSED AMENDMENT OF THE CORPORATION'S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD CLARIFY THE RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN A STOCK SPLIT OR STOCK DIVIDEND.

Mgmt

For

For

CARDINAL HEALTH, INC.

Security

14149Y108

Meeting Type

Annual

Ticker Symbol

CAH

Meeting Date

12/8/2004

ISIN

Agenda

932238884 - Management

City

Holdings Recon Date

10/25/2004

Country

UNITED STATES

Vote Deadline Date

12/8/2004

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

GEORGE H. CONRADES

For

For

2

ROBERT L. GERBIG

For

For

3

RICHARD C. NOTEBAERT

For

For

02

PROPOSAL TO AMEND THE COMPANY S PERFORMANCE-BASED INCENTIVE COMPENSATION PLAN AND APPROVE THE MATERIAL TERMS OF THE PERFORMANCE GOALS UNDER SUCH PLAN, AS AMENDED.

Mgmt

For

For

03

PROPOSAL FROM A SHAREHOLDER ON ANNUAL ELECTION OF DIRECTORS, IF PRESENTED PROPERLY.

Shr

Against

For

CITIGROUP INC.

Security

172967101

Meeting Type

Annual

Ticker Symbol

C

Meeting Date

4/19/2005

ISIN

Agenda

932272608 - Management

City

Holdings Recon Date

2/25/2005

Country

UNITED STATES

Vote Deadline Date

4/18/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

C. MICHAEL ARMSTRONG

For

For

2

ALAIN J.P. BELDA

For

For

For

3

GEORGE DAVID

For

4

KENNETH T. DERR

For

For

5

JOHN M. DEUTCH

For

For

6

R. HERNANDEZ RAMIREZ

For

For

For

7

ANN DIBBLE JORDAN

For

8

KLAUS KLEINFELD

For

For

9

DUDLEY C. MECUM

For

For

10

ANNE MULCAHY

For

For

For

11

RICHARD D. PARSONS

For

12

CHARLES PRINCE

For

For

13

JUDITH RODIN

For

For

For

14

ROBERT E. RUBIN

For

15

FRANKLIN A. THOMAS

For

For

16

SANFORD I. WEILL

For

For

17

ROBERT B. WILLUMSTAD

For

For

02

PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.

Mgmt

For

For

03

PROPOSAL TO APPROVE THE AMENDED AND RESTATED CITIGROUP 1999 STOCK INCENTIVE PLAN. THE BOARD OF DIRECTORS RECOMMENDS A VOTE AGAINST PROPOSALS4-10

Mgmt

For

For

04

STOCKHOLDER PROPOSAL REQUESTING A CURB ON EXECUTIVE COMPENSATION, NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS.

Shr

Against

For

05

STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS.

Shr

Against

For

06

STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT  DUTIES, TITLES OR RESPONSIBILITIES.

Shr

Against

For

07

STOCKHOLDER PROPOSAL REQUESTING THAT CEO COMPENSATION BE LIMITED TO NO MORE THAN 100 TIMES THE AVERAGE COMPENSATION PAID TO THE COMPANY'S NON-MANAGERIAL WORKERS UNLESS PRIOR STOCKHOLDER APPROVAL IS GRANTED.

Shr

Against

For

08

STOCKHOLDER PROPOSAL REQUESTING ELECTION OF DIRECTOR NOMINEES BY A MAJORITY OF VOTES CAST.

Shr

Against

For

09

STOCKHOLDER PROPOSAL REQUESTING A BY-LAW AMENDMENT PROHIBITING THE PAYMENT OF NON-DEDUCTIBLE COMPENSATION TO ANY OFFICER UNLESS PRIOR STOCKHOLDER APPROVAL IS GRANTED.

Shr

Against

For

10

STOCKHOLDER PROPOSAL REQUESTING THAT A SIMPLE MAJORITY VOTE APPLY ON EACH ISSUE THAT CAN BE SUBJECT TO A SHAREHOLDER VOTE.

Shr

Against

For

FIFTH THIRD BANCORP

Security

316773100

Meeting Type

Annual

Ticker Symbol

FITB

Meeting Date

3/22/2005

ISIN

Agenda

932262380 - Management

City

Holdings Recon Date

1/31/2005

Country

UNITED STATES

Vote Deadline Date

3/21/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

JAMES P. HACKETT

For

For

2

JOAN R. HERSCHEDE

For

For

For

3

ROBERT L. KOCH II

For

4

KENNETH W. LOWE

For

For

5

THOMAS W. TRAYLOR

For

For

02

PROPOSAL TO AMEND THE CODE OR REGULATIONS TO REDUCE THE DEFAULT NUMBER OF DIRECTORS AND TO REDUCE THE MINIMUM NUMBER OF DIRECTORS THE BOARD MAY SET WITHOUT SHAREHOLDER APPROVAL.

Mgmt

For

For

03

PROPOSAL TO APPROVE THE APPOINTMENT OF DELOITTE& TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR THE YEAR 2005.

Mgmt

For

For

FIRST DATA CORPORATION

Security

319963104

Meeting Type

Annual

Ticker Symbol

FDC

Meeting Date

5/11/2005

ISIN

Agenda

932283500 - Management

City

Holdings Recon Date

3/14/2005

Country

UNITED STATES

Vote Deadline Date

5/10/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

ALISON DAVIS

For

For

2

JAMES D. ROBINSON III

For

For

For

3

BERNARD L. SCHWARTZ

For

4

ARTHUR F. WEINBACH

For

For

02

THE APPROVAL OF AN INCREASE IN THE NUMBER OF SHARES ISSUABLE UNDER THE COMPANY'S EMPLOYEE STOCK PURCHASE PLAN BY 6,000,000 SHARES OF THE COMPANY'S COMMON STOCK.

Mgmt

Abstain

Against

03

THE APPROVAL OF AMENDMENTS TO THE COMPANY'SSENIOR EXECUTIVE INCENTIVE PLAN.

Mgmt

For

For

04

THE RATIFICATION OF THE SELECTION OF ERNST &YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR 2005.

Mgmt

For

For

05

SHAREHOLDER PROPOSAL ON JOB LOSS AND DISLOCATION IMPACT STATEMENT.

Shr

Against

For

06

SHAREHOLDER PROPOSAL ON DIRECTOR LIABILITY.

Shr

Against

For

FISERV, INC.

Security

337738108

Meeting Type

Annual

Ticker Symbol

FISV

Meeting Date

4/6/2005

ISIN

Agenda

932267760 - Management

City

Holdings Recon Date

2/14/2005

Country

UNITED STATES

Vote Deadline Date

4/5/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

D.F. DILLON

For

For

2

G.J. LEVY

For

For

3

G.M. RENWICK

For

For

02

TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLPAS THE REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM OF FISERV, INC. FOR 2005.

Mgmt

For

For

03

TO APPROVE THE FISERV, INC. EXECUTIVE INCENTIVE COMPENSATION PLAN, AS AMENDED AND RESTATED.

Mgmt

For

For

04

TO APPROVE THE FISERV, INC. STOCK OPTION AND RESTRICTED STOCK PLAN, AS AMENDED AND RESTATED.

Mgmt

For

For

JEFFERSON-PILOT CORPORATION

Security

475070108

Meeting Type

Annual

Ticker Symbol

JP

Meeting Date

5/2/2005

ISIN

Agenda

932286328 - Management

City

Holdings Recon Date

3/1/2005

Country

UNITED STATES

Vote Deadline Date

4/29/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

WILLIAM PORTER PAYNE

For

For

2

DAVID A. STONECIPHER

For

For

3

ISAIAH TIDWELL

For

For

02

RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.

Mgmt

For

For

LIMITED BRANDS, INC.

Security

532716107

Meeting Type

Annual

Ticker Symbol

LTD

Meeting Date

5/16/2005

ISIN

Agenda

932303465 - Management

City

Holdings Recon Date

3/31/2005

Country

UNITED STATES

Vote Deadline Date

5/13/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

DONNA A. JAMES

For

For

2

LEONARD A. SCHLESINGER

For

For

For

3

JEFFREY B. SWARTZ

For

4

RAYMOND ZIMMERMAN

For

For

M&T BANK CORPORATION

Security

55261F104

Meeting Type

Annual

Ticker Symbol

MTB

Meeting Date

4/19/2005

ISIN

Agenda

932268508 - Management

City

Holdings Recon Date

2/28/2005

Country

UNITED STATES

Vote Deadline Date

4/18/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

W.F. ALLYN

For

For

2

B.D. BAIRD

For

For

For

3

R.J. BENNETT

For

4

C.A. BONTEMPO

For

For

5

R.T. BRADY

For

For

6

E.L. BRUMBACK

For

For

For

7

M.D. BUCKLEY

For

8

P.J. CALLAN

For

For

9

R.C. CARBALLADA

For

For

10

T.J. CUNNINGHAM III

For

For

For

11

R.E. GARMAN

For

12

D.C. HATHAWAY

For

For

13

D.R. HAWBAKER

For

For

For

14

P.W.E. HODGSON

For

15

G. KENNEDY

For

For

16

R.G. KING

For

For

17

R.B. NEWMAN, II

For

For

For

18

J.G. PEREIRA

For

19

M.P. PINTO

For

For

20

R.E. SADLER, JR.

For

For

For

21

E.J. SHEEHY

For

22

S.G. SHEETZ

For

For

23

H.L. WASHINGTON

For

For

24

R.G. WILMERS

For

For

02

TO APPROVE THE M&T BANK CORPORATION 2005INCENTIVE COMPENSATION PLAN DESCRIBED IN THE PROXY STATEMENT.

Mgmt

For

For

03

TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT PUBLIC ACCOUNTANT OF M&T BANK CORPORATION FOR THE YEAR ENDING DECEMBER 31, 2005.

Mgmt

For

For

MBIA INC.

Security

55262C100

Meeting Type

Annual

Ticker Symbol

MBI

Meeting Date

5/5/2005

ISIN

Agenda

932300104 - Management

City

Holdings Recon Date

3/11/2005

Country

UNITED STATES

Vote Deadline Date

5/4/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

JOSEPH W. BROWN

For

For

2

C. EDWARD CHAPLIN

For

For

For

3

DAVID C. CLAPP

For

4

GARY C. DUNTON

For

For

5

CLAIRE L. GAUDIANI

For

For

6

DANIEL P. KEARNEY

For

For

For

7

LAURENCE H. MEYER

For

8

DEBRA J. PERRY

For

For

9

JOHN A. ROLLS

For

For

02

APPROVAL OF THE COMPANY'S NEW ANNUAL INCENTIVE PLAN FOR PURPOSES OF SECTION 162(M) OF THE INTERNAL REVENUE CODE.

Mgmt

For

For

03

APPROVAL OF THE COMPANY'S NEW OMNIBUS INCENTIVE PLAN.

Mgmt

For

For

04

APPROVAL OF AN AMENDMENT OF SECTION 8 OF THE COMPANY'S CERTIFICATE OF INCORPORATION.

Mgmt

For

For

05

APPROVAL OF AN AMENDMENT TO THE COMPANY'S CERTIFICATE OF INCORPORATION TO PERMIT SHAREHOLDERS TO ACT BY MAJORITY WRITTEN CONSENT.

Mgmt

For

For

06

APPROVAL OF APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS.

Mgmt

For

For

MELLON FINANCIAL CORPORATION

Security

58551A108

Meeting Type

Annual

Ticker Symbol

MEL

Meeting Date

4/19/2005

ISIN

Agenda

932268899 - Management

City

Holdings Recon Date

2/11/2005

Country

UNITED STATES

Vote Deadline Date

4/18/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

RUTH E. BRUCH

For

For

2

STEVEN G. ELLIOTT

For

For

For

3

EDMUND F. KELLY

For

4

ROBERT MEHRABIAN

For

For

5

WESLEY W. VON SCHACK

For

For

02

RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPENDENT PUBLIC ACCOUNTANTS.

Mgmt

For

For

MERCURY GENERAL CORPORATION

Security

589400100

Meeting Type

Annual

Ticker Symbol

MCY

Meeting Date

5/11/2005

ISIN

Agenda

932307615 - Management

City

Holdings Recon Date

3/15/2005

Country

UNITED STATES

Vote Deadline Date

5/10/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

GEORGE JOSEPH

For

For

2

CHARLES E. MCCLUNG

For

For

For

3

DONALD R. SPUEHLER

For

4

RICHARD E. GRAYSON

For

For

5

DONALD P. NEWELL

For

For

6

BRUCE A. BUNNER

For

For

For

7

NATHAN BESSIN

For

8

MICHAEL D. CURTIUS

For

For

9

GABRIEL TIRADOR

For

For

02

TO APPROVE THE MERCURY GENERAL CORPORATION2005 EQUITY INCENTIVE AWARD PLAN.

Mgmt

For

For

PFIZER INC.

Security

717081103

Meeting Type

Annual

Ticker Symbol

PFE

Meeting Date

4/28/2005

ISIN

Agenda

932269423 - Management

City

Holdings Recon Date

3/2/2005

Country

UNITED STATES

Vote Deadline Date

4/27/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

MICHAEL S. BROWN

For

For

2

M. ANTHONY BURNS

For

For

For

3

ROBERT N. BURT

For

4

W. DON CORNWELL

For

For

5

WILLIAM H. GRAY III

For

For

6

CONSTANCE J. HORNER

For

For

For

7

WILLIAM R. HOWELL

For

8

STANLEY O. IKENBERRY

For

For

9

GEORGE A. LORCH

For

For

10

HENRY A. MCKINNELL

For

For

For

11

DANA G. MEAD

For

12

RUTH J. SIMMONS

For

For

13

WILLIAM C. STEERE, JR.

For

For

For

14

JEAN-PAUL VALLES

For

02

A PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLPAS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.

Mgmt

For

For

03

SHAREHOLDER PROPOSAL RELATING TO TERM LIMITS FOR DIRECTORS.

Shr

Against

For

04

SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS.

Shr

Against

For

05

SHAREHOLDER PROPOSAL RELATING TO IMPORTATION OF PRESCRIPTION DRUGS.

Shr

Against

For

06

SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS.

Shr

Against

For

07

SHAREHOLDER PROPOSAL RELATING TO PRODUCT AVAILABILITY IN CANADA.

Shr

Against

For

08

SHAREHOLDER PROPOSAL RELATING TO THE SEPARATION OF THE ROLES OF CHAIR AND CEO AND ACCESS TO PHARMACEUTICAL PRODUCTS.

Shr

Against

For

WELLS FARGO & COMPANY

Security

949746101

Meeting Type

Annual

Ticker Symbol

WFC

Meeting Date

4/26/2005

ISIN

Agenda

932269055 - Management

City

Holdings Recon Date

3/8/2005

Country

UNITED STATES

Vote Deadline Date

4/25/2005

SEDOL(s)

For/Against Management

Item

Proposal

Type

Vote

01

DIRECTOR

Mgmt

1

J.A. BLANCHARD III

For

For

2

SUSAN E. ENGEL

For

For

For

3

ENRIQUE HERNANDEZ, JR.

For

4

ROBERT L. JOSS

For

For

5

REATHA CLARK KING

For

For

6

RICHARD M. KOVACEVICH

For

For

For

7

RICHARD D. MCCORMICK

For

8

CYNTHIA H. MILLIGAN

For

For

9

PHILIP J. QUIGLEY

For

For

10

DONALD B. RICE

For

For

For

11

JUDITH M. RUNSTAD

For

12

STEPHEN W. SANGER

For

For

13

SUSAN G. SWENSON

For

For

14

MICHAEL W. WRIGHT

For

For

02

PROPOSAL TO APPROVE THE COMPANY'S AMENDED AND RESTATED LONG-TERM INCENTIVE COMPENSATION PLAN.

Mgmt

For

For

03

PROPOSAL TO RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2005.

Mgmt

For

For

04

STOCKHOLDER PROPOSAL REGARDING PAYDAY LENDING.

Shr

Against

For

05

STOCKHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND PREDATORY LENDING.

Shr

Against

For

06

STOCKHOLDER PROPOSAL REGARDING PERFORMANCE SHARES.

Shr

Against

For

07

STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION.

Shr

Against

For

08

STOCKHOLDER PROPOSAL REGARDING SEPARATION OF BOARD CHAIR AND CEO POSITIONS.

Shr

Against

For

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.

BLUE CHIP INVESTOR  FUNDS

By:  /s/ Ross C. Provence, President                                        

          (Signature, Title)

Date:  1/13/06