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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000922423-05-001386.txt : 20050823
<SEC-HEADER>0000922423-05-001386.hdr.sgml : 20050823
<ACCEPTANCE-DATETIME>20050823105104
ACCESSION NUMBER:		0000922423-05-001386
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050630
FILED AS OF DATE:		20050823
DATE AS OF CHANGE:		20050823
EFFECTIVENESS DATE:		20050823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Victory Institutional Funds
		CENTRAL INDEX KEY:			0001289876
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21584
		FILM NUMBER:		051042711

	BUSINESS ADDRESS:	
		STREET 1:		3435 STELZER ROAD
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
		BUSINESS PHONE:		800-362-5365

	MAIL ADDRESS:	
		STREET 1:		3435 STELZER ROAD
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>kl00880_formnpx.txt
<DESCRIPTION>FORM N-PX FOR PERIOD ENDED 6/30/05
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549

                                   FORM N-PX

    ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
                                     COMPANY

 INVESTMENT COMPANY ACT FILE NUMBER:     811-21584

 NAME OF REGISTRANT:                     The Victory Institutional
                                         Funds


 ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 3435 Stelzer Road
                                         Columbus, Oh 43219

 NAME AND ADDRESS OF AGENT FOR SERVICE:  George Stevens - BISYS Fund
                                         Services
                                         3435 Stelzer Road
                                         Columbus, Oh 43219

 REGISTRANT'S TELEPHONE NUMBER:          800-362-5365

 DATE OF FISCAL YEAR END:                10/31

 DATE OF REPORTING PERIOD:               03/30/2005 - 06/30/2005


<PAGE>

<TABLE>
<S>    <C>                                                       <C>           <C>                            <C>

VIF Diversified Stock Fund
- --------------------------------------------------------------------------------------------------------------------------
 The fund held no voting securities during the reporting period and did not vote any securities or have
 any securities that were subject to a vote during the reporting period.

VIF Institutional Liquid Reserves Fund
- --------------------------------------------------------------------------------------------------------------------------
The fund did not own any  voting  securities  for which  proxies  were  received during the reporting period.

</TABLE>

<PAGE>

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)         The Victory Institutional Funds
By (Signature)       /s/ Kathleen A. Dennis
Name                 Kathleen A. Dennis
Title                President
Date                 08/18/2005
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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