FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-1

Federated Stock and Bond Fund, Inc.
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  (Exact name of registrant as specified in charter)

5800 Corporate Drive
Pittsburgh, PA  15237-7000
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  (Address of principal executive offices)

John W. McGonigle, Esquire
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA  15222-3779
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  (Name and address of agent for service)


Registrant's telephone number, including area code: 412-288-1900

Date of Fiscal year-end: 11/30/2004

Date of reporting period: 7/1/2003 - 6/30/2004

Item 1. Proxy Voting Record

Account Number: Federated Stock and Bond Fund, Inc.

ISSUER NAME		TICKER	CUSIP	MTG DATE	MTG TYPE
				Proposal Type	Voted?	Vote	For/Agnst Mgmt
Abbott Laboratories		ABT	002824100	4/23/04	Annual
1.01	Elect Roxanne S. Austin			MGMT	YES	FOR	FOR
1.02	Elect H. Laurance Fuller			MGMT	YES	FOR	FOR
1.03	Elect Richard A. Gonzalez			MGMT	YES	FOR	FOR
1.04	Elect Jack M. Greenberg			MGMT	YES	FOR	FOR
1.05	Elect Jeffrey M. Leiden			MGMT	YES	FOR	FOR
1.06	Elect David Owen			MGMT	YES	FOR	FOR
1.07	Elect Boone Powell Jr.			MGMT	YES	FOR	FOR
1.08	Elect Addison Barry Rand			MGMT	YES	FOR	FOR
1.09	Elect W. Ann Reynolds			MGMT	YES	FOR	FOR
1.10	Elect Roy S. Roberts			MGMT	YES	FOR	FOR
1.11	Elect William D. Smithburg			MGMT	YES	FOR	FOR
1.12	Elect John R. Walter			MGMT	YES	FOR	FOR
1.13	Elect Miles D. White			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review Drug Pricing or Distribution			SHLDR	YES	AGNST	FOR
4.00	Review Political Spending			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
AES		AES	00130H105	4/28/04	Annual
1.01	Elect Richard Darman			MGMT	YES	FOR	FOR
1.02	Elect Alice F. Emerson			MGMT	YES	FOR	FOR
1.03	Elect Paul T. Hanrahan			MGMT	YES	FOR	FOR
1.04	Elect Kristina M. Johnson			MGMT	YES	FOR	FOR
1.05	Elect John A. Koskinen			MGMT	YES	FOR	FOR
1.06	Elect Philip Lader			MGMT	YES	FOR	FOR
1.07	Elect John H. McArthur			MGMT	YES	FOR	FOR
1.08	Elect Sandra O. Moose			MGMT	YES	FOR	FOR
1.09	Elect Phillip A. Odeen			MGMT	YES	FOR	FOR
1.10	Elect Charles O. Rossotti			MGMT	YES	FOR	FOR
1.11	Elect Sven Sandstrom			MGMT	YES	FOR	FOR
1.12	Elect Roger W. Sant			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Alcoa		AA	013817101	4/30/04	Annual
1.01	Elect Alain J.P. Belda			MGMT	YES	FOR	FOR
1.02	Elect Carlos Ghosn			MGMT	YES	FOR	FOR
1.03	Elect Henry B. Schacht			MGMT	YES	FOR	FOR
1.04	Elect Franklin A. Thomas			MGMT	YES	FOR	FOR
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
3.01	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
3.02	Golden Parachutes			SHLDR	YES	AGNST	FOR
Allstate Corp		ALL	020002101	5/18/04	Annual
1.01	Elect F. Duane Ackerman			MGMT	YES	FOR	FOR
1.02	Elect James G. Andress			MGMT	YES	FOR	FOR
1.03	Elect Edward A. Brennan			MGMT	YES	FOR	FOR
1.04	Elect W. James Farrell			MGMT	YES	FOR	FOR
1.05	Elect Jack M. Greenberg			MGMT	YES	FOR	FOR
1.06	Elect Ronald T. LeMay			MGMT	YES	FOR	FOR
1.07	Elect Edward M. Liddy			MGMT	YES	FOR	FOR
1.08	Elect J. Christopher Reyes			MGMT	YES	FOR	FOR
1.09	Elect H. John Riley Jr.			MGMT	YES	FOR	FOR
1.10	Elect Joshua I. Smith			MGMT	YES	FOR	FOR
1.11	Elect Judith A. Sprieser			MGMT	YES	FOR	FOR
1.12	Elect Mary Alice Taylor			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
4.00	Approve Long-Term Bonus Plan			MGMT	YES	FOR	FOR
5.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
Altria Group		MO	02209S103	4/29/04	Annual
1.01	Elect Elizabeth E. Bailey			MGMT	YES	FOR	FOR
1.02	Elect Mathis Cabiallavetta			MGMT	YES	FOR	FOR
1.03	Elect Loius C. Camilleri			MGMT	YES	FOR	FOR
1.04	Elect Dudley Fishburn			MGMT	YES	FOR	FOR
1.05	Elect Robert E.R. Huntley			MGMT	YES	FOR	FOR
1.06	Elect Thomas W. Jones			MGMT	YES	FOR	FOR
1.07	Elect Lucio A. Noto			MGMT	YES	FOR	FOR
1.08	Elect John S. Reed			MGMT	YES	FOR	FOR
1.09	Elect Carlos Slim Helu			MGMT	YES	FOR	FOR
1.10	Elect Stephen M. Wolf			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review or Reduce Tobacco Harm to Health			SHLDR	YES	AGNST	FOR
4.00	Review or Reduce Tobacco Harm to Health			SHLDR	YES	AGNST	FOR
5.00	Review Political Spending			SHLDR	YES	AGNST	FOR
6.00	Review or Reduce Tobacco Harm to Health			SHLDR	YES	AGNST	FOR
7.00	Review or Reduce Tobacco Harm to Health			SHLDR	YES	AGNST	FOR
8.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
American International Group		AIG	026874107	5/19/04	Annual
1.01	Elect M. Bernard Aidinoff			MGMT	YES	FOR	FOR
1.02	Elect Pei-Yuan Chia			MGMT	YES	FOR	FOR
1.03	Elect Marshall A. Cohen			MGMT	YES	FOR	FOR
1.04	Elect William S. Cohen			MGMT	YES	FOR	FOR
1.05	Elect Martin S. Feldstein			MGMT	YES	FOR	FOR
1.06	Elect Ellen V. Futter			MGMT	YES	FOR	FOR
1.07	Elect Maurice R. Greenberg			MGMT	YES	FOR	FOR
1.08	Elect Carla A. Hills			MGMT	YES	FOR	FOR
1.09	Elect Frank J. Hoenemeyer			MGMT	YES	FOR	FOR
1.10	Elect Richard C. Holbrooke			MGMT	YES	FOR	FOR
1.11	Elect Donald P. Kanak			MGMT	YES	FOR	FOR
1.12	Elect Howard I. Smith			MGMT	YES	FOR	FOR
1.13	Elect Martin J. Sullivan			MGMT	YES	FOR	FOR
1.14	Elect Edmund S.W. Tse			MGMT	YES	FOR	FOR
1.15	Elect Frank G. Zarb			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Adopt Director Stock Award Plan			MGMT	YES	FOR	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
5.00	Review Political Spending			SHLDR	YES	AGNST	FOR
6.00	Sever Links with Tobacco Industry			SHLDR	YES	AGNST	FOR
7.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
Amgen Inc		AMGN	031162100	5/13/04	Annual
1.01	Elect Frank J. Biondi Jr.			MGMT	YES	FOR	FOR
1.02	Elect Jerry D. Choate			MGMT	YES	FOR	FOR
1.03	Elect Frank C. Herringer			MGMT	YES	FOR	FOR
1.04	Elect Gilbert S. Omenn			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Report on EEO			SHLDR	YES	AGNST	FOR
4.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
Apple Computer		AAPL	037833100	4/22/04	Annual
1.01	Elect William V. Campbell			MGMT	YES	FOR	FOR
1.02	Elect Millard S. Drexler			MGMT	YES	FOR	FOR
1.03	Elect Albert Gore Jr.			MGMT	YES	FOR	FOR
1.04	Elect Steven P. Jobs			MGMT	YES	FOR	FOR
1.05	Elect Jerome B. York			MGMT	YES	FOR	FOR
1.06	Elect Arthur D. Levinson			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Implement Executive Compensation Plan			SHLDR	YES	AGNST	FOR
AT&T Corp		T	001957505	5/19/04	Annual
1.01	Elect William F. Aldinger III			MGMT	YES	FOR	FOR
1.02	Elect Kenneth T. Derr			MGMT	YES	FOR	FOR
1.03	Elect David W. Dorman			MGMT	YES	FOR	FOR
1.04	Elect M. Kathryn Eickhoff			MGMT	YES	FOR	FOR
1.05	Elect Herbert L. Henkel			MGMT	YES	FOR	FOR
1.06	Elect Frank C. Herringer			MGMT	YES	FOR	FOR
1.07	Elect Shirley A. Jackson			MGMT	YES	FOR	FOR
1.08	Elect Jon C. Madonna			MGMT	YES	FOR	FOR
1.09	Elect Donald F. McHenry			MGMT	YES	FOR	FOR
1.10	Elect Tony L. White			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Director Tenure/Retirement Age			SHLDR	YES	AGNST	FOR
5.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
6.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
7.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
Bank Of America		BAC	060505104	3/17/04	Special
1.00	Approve Merger/Acquisition			MGMT	YES	FOR	FOR
	Approve Common Stock Issuance
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Increase Authorized Common Stock			MGMT	YES	AGNST	AGNST
4.00	Adjourn Meeting			MGMT	YES	FOR	FOR
Bank of America Corp		BAC	060505104	5/26/04	Annual
1.01	Elect William Barnet III			MGMT	YES	FOR	FOR
1.02	Elect Charles W. Coker			MGMT	YES	FOR	FOR
1.03	Elect John T. Collins			MGMT	YES	FOR	FOR
1.04	Elect Gary L. Countryman			MGMT	YES	FOR	FOR
1.05	Elect Paul Fulton			MGMT	YES	FOR	FOR
1.06	Elect Charles K. Gifford			MGMT	YES	FOR	FOR
1.07	Elect Donald E. Guinn			MGMT	YES	FOR	FOR
1.08	Elect James H. Hance Jr.			MGMT	YES	FOR	FOR
1.09	Elect Kenneth D. Lewis			MGMT	YES	FOR	FOR
1.10	Elect Walter E. Massey			MGMT	YES	FOR	FOR
1.11	Elect J. Thomas May			MGMT	YES	FOR	FOR
1.12	Elect C. Steven McMillan			MGMT	YES	FOR	FOR
1.13	Elect Eugene M. McQuade			MGMT	YES	FOR	FOR
1.14	Elect Patricia E. Mitchell			MGMT	YES	FOR	FOR
1.15	Elect Edward L. Romero			MGMT	YES	FOR	FOR
1.16	Elect Thomas M. Ryan			MGMT	YES	FOR	FOR
1.17	Elect O. Temple Sloan Jr.			MGMT	YES	FOR	FOR
1.18	Elect Meredith R. Spangler			MGMT	YES	FOR	FOR
1.19	Elect Jackie M. Ward			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Change Annual Meeting Date			SHLDR	YES	AGNST	FOR
4.00	Double Board Nominees			SHLDR	YES	AGNST	FOR
5.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR
6.00	Mutual Funds Review Committee			SHLDR	YES	AGNST	FOR
7.00	Ensure Customer Privacy			SHLDR	YES	AGNST	FOR
Bank Of New York		BK	064057102	4/13/04	Annual
1.01	Elect Frank J. Biondi Jr.			MGMT	YES	FOR	FOR
1.02	Elect Nicholas M. Donofrio			MGMT	YES	FOR	FOR
1.03	Elect Alan R. Griffith			MGMT	YES	FOR	FOR
1.04	Elect Gerald L. Hassell			MGMT	YES	FOR	FOR
1.05	Elect Richard J. Kogan			MGMT	YES	FOR	FOR
1.06	Elect Michael J. Kowalski			MGMT	YES	FOR	FOR
1.07	Elect John A. Luke Jr.			MGMT	YES	FOR	FOR
1.08	Elect John C. Malone			MGMT	YES	FOR	FOR
1.09	Elect Paul Myners			MGMT	YES	FOR	FOR
1.10	Elect Robert C. Pozen			MGMT	YES	FOR	FOR
1.11	Elect Catherine A. Rein			MGMT	YES	FOR	FOR
1.12	Elect Thomas A. Renyi			MGMT	YES	FOR	FOR
1.13	Elect William C. Richardson			MGMT	YES	FOR	FOR
1.14	Elect Brian L. Roberts			MGMT	YES	FOR	FOR
1.15	Elect Samuel C. Scott III			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Amend Annual Bonus Plan			MGMT	YES	FOR	FOR
4.00	Review Political Spending			SHLDR	YES	AGNST	FOR
5.00	Implement Executive Compensation Plan			SHLDR	YES	AGNST	FOR
6.00	Increase Risk Committee Independence			SHLDR	YES	AGNST	FOR
7.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
Baxter International		BAX	071813109	5/4/04	Annual
1.01	Elect John D. Forsyth			MGMT	YES	FOR	FOR
1.02	Elect Gail D. Fosler			MGMT	YES	FOR	FOR
1.03	Elect Carole J. Uhrich			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
3.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
Biogen		BGEN	090597105	11/12/03	Special
1.00	Approve Merger/Acquisition			MGMT	YES	FOR	FOR
2.00	Adjourn Meeting			MGMT	YES	FOR	FOR
Biogen Idec Inc		BIIB	09062X103	6/16/04	Annual
1.01	Elect Alan Belzer			MGMT	YES	FOR	FOR
1.02	Elect Mary L. Good			MGMT	YES	FOR	FOR
1.03	Elect James C. Mullen			MGMT	YES	FOR	FOR
1.04	Elect Bruce R. Ross			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Boston Scientific Corp		BSX	101137107	5/11/04	Annual
1.01	Elect Ursula M. Burns			MGMT	YES	FOR	FOR
1.02	Elect Marye Anne Fox			MGMT	YES	FOR	FOR
1.03	Elect N. J. Nicholas, Jr.			MGMT	YES	FOR	FOR
1.04	Elect John E. Pepper, Jr.			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Bristol-Myers Squibb		BMY	110122108	5/4/04	Annual
1.01	Elect Peter R. Dolan			MGMT	YES	FOR	FOR
1.02	Elect Louis V. Gerstner Jr.			MGMT	YES	FOR	FOR
1.03	Elect Leif Johansson			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review Political Spending			SHLDR	YES	AGNST	FOR
4.00	Limit or End Political Spending			SHLDR	YES	AGNST	FOR
5.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
6.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
7.00	Require Majority Vote to Elect Directors			SHLDR	YES	AGNST	FOR
Caterpillar		CAT	149123101	4/14/04	Annual
1.01	Elect John T. Dillon			MGMT	YES	FOR	FOR
1.02	Elect Juan Gallardo			MGMT	YES	FOR	FOR
1.03	Elect William A. Osborn			MGMT	YES	FOR	FOR
1.04	Elect Gordon R. Parker			MGMT	YES	FOR	FOR
1.05	Elect Edward B. Rust Jr.			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Option Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Option Plan
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
5.00	Review Operations' Impact on Local Groups			SHLDR	YES	AGNST	FOR
6.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
Cendant		CD	151313103	4/20/04	Annual
1.01	Elect M. Brian Mulroney			MGMT	YES	FOR	FOR
1.02	Elect Ronald L. Nelson			MGMT	YES	FOR	FOR
1.03	Elect Robert W. Pittman			MGMT	YES	FOR	FOR
1.04	Elect Myra J. Biblowit			MGMT	YES	FOR	FOR
1.05	Elect Sheli Z. Rosenberg			MGMT	YES	FOR	FOR
2.00	Repeal Classified Board			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
5.00	Cap Executive Pay			SHLDR	YES	AGNST	FOR
ChevronTexaco		CVX	166764100	4/28/04	Annual
1.01	Elect Samuel H. Armacost			MGMT	YES	FOR	FOR
1.02	Elect Robert E. Denham			MGMT	YES	FOR	FOR
1.03	Elect Robert J. Eaton			MGMT	YES	FOR	FOR
1.04	Elect Samuel L. Ginn			MGMT	YES	FOR	FOR
1.05	Elect Carla A. Hills			MGMT	YES	FOR	FOR
1.06	Elect Franklyn G. Jenifer			MGMT	YES	FOR	FOR
1.07	Elect J. Bennett Johnston			MGMT	YES	FOR	FOR
1.08	Elect Samuel A. Nunn Jr.			MGMT	YES	FOR	FOR
1.09	Elect David J. O'Reilly			MGMT	YES	FOR	FOR
1.10	Elect Peter J. Robertson			MGMT	YES	FOR	FOR
1.11	Elect Charles R. Shoemate			MGMT	YES	FOR	FOR
1.12	Elect Carl Ware			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Poison Pill Policy			MGMT	YES	AGNST	AGNST
4.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
5.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
6.00	Review Political Spending			SHLDR	YES	AGNST	FOR
7.00	Require Majority Vote to Elect Directors			SHLDR	YES	AGNST	FOR
8.00	Control Generation of Pollutants			SHLDR	YES	AGNST	FOR
9.00	Review Energy Efficiency & Renewables			SHLDR	YES	AGNST	FOR
Cisco Systems		CSCO	17275R102	11/11/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Adopt Employee Stock Purchase Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
4.00	Misc. Human/Political Rights Proposal			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
Citigroup		C	172967101	4/20/04	Annual
1.01	Elect C. Michael Armstrong			MGMT	YES	FOR	FOR
1.02	Elect Alain J.P. Belda			MGMT	YES	FOR	FOR
1.03	Elect George David			MGMT	YES	FOR	FOR
1.04	Elect Kenneth T. Derr			MGMT	YES	FOR	FOR
1.05	Elect John M. Deutch			MGMT	YES	FOR	FOR
1.06	Elect Roberto H. Ramirez			MGMT	YES	FOR	FOR
1.07	Elect Ann Dibble Jordan			MGMT	YES	FOR	FOR
1.08	Elect Dudley C. Mecum II			MGMT	YES	FOR	FOR
1.09	Elect Richard D. Parsons			MGMT	YES	FOR	FOR
1.10	Elect Andrall E. Pearson			MGMT	YES	FOR	FOR
1.11	Elect Charles Prince			MGMT	YES	FOR	FOR
1.12	Elect Robert E. Rubin			MGMT	YES	FOR	FOR
1.13	Elect Franklin A. Thomas			MGMT	YES	FOR	FOR
1.14	Elect Sanford I. Weill			MGMT	YES	FOR	FOR
1.15	Elect Robert B. Willumstad			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
4.00	Review Political Spending			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
Clear Channel Communications		CCU	184502102	4/28/04	Annual
1.01	Elect L. Lowry Mays			MGMT	YES	FOR	FOR
1.02	Elect Phyllis B. Riggins			MGMT	YES	FOR	FOR
1.03	Elect Alan D. Feld			MGMT	YES	FOR	FOR
1.04	Elect Mark P. Mays			MGMT	YES	FOR	FOR
1.05	Elect Theodore H. Strauss			MGMT	YES	FOR	FOR
1.06	Elect Thomas O. Hicks			MGMT	YES	FOR	FOR
1.07	Elect Randall T. Mays			MGMT	YES	FOR	FOR
1.08	Elect J.C. Watts Jr.			MGMT	YES	FOR	FOR
1.09	Elect Perry J. Lewis			MGMT	YES	FOR	FOR
1.10	Elect B. J. McCombs			MGMT	YES	FOR	FOR
1.11	Elect John H. Williams			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Coca-Cola		KO	191216100	4/21/04	Annual
1.01	Elect Herbert A. Allen			MGMT	YES	FOR	FOR
1.02	Elect Ronald W. Allen			MGMT	YES	FOR	FOR
1.03	Elect Cathleen P. Black			MGMT	YES	FOR	FOR
1.04	Elect Warren E. Buffett			MGMT	YES	FOR	FOR
1.05	Elect Douglas N. Daft			MGMT	YES	FOR	FOR
1.06	Elect Barry Diller			MGMT	YES	FOR	FOR
1.07	Elect Donald R. Keough			MGMT	YES	FOR	FOR
1.08	Elect Susan B. King			MGMT	YES	FOR	FOR
1.09	Elect Maria Elena Lagomasino			MGMT	YES	FOR	FOR
1.10	Elect Donald F. McHenry			MGMT	YES	FOR	FOR
1.11	Elect Robert L. Nardelli			MGMT	YES	FOR	FOR
1.12	Elect Samuel A. Nunn Jr.			MGMT	YES	FOR	FOR
1.13	Elect J. Pedro Reinhard			MGMT	YES	FOR	FOR
1.14	Elect James D. Robinson III			MGMT	YES	FOR	FOR
1.15	Elect Peter V. Ueberroth			MGMT	YES	FOR	FOR
1.16	Elect James B. Williams			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	AGNST
4.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
7.00	Shareholder Approval of Deferred Plan			SHLDR	YES	AGNST	FOR
8.00	China--Adopt Code of Conduct			SHLDR	YES	AGNST	FOR
9.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
ConocoPhillips		COP	20825C104	5/5/04	Annual
1.01	Elect David L. Boren			MGMT	YES	FOR	FOR
1.02	Elect James E. Copeland Jr.			MGMT	YES	FOR	FOR
1.03	Elect Kenneth M. Duberstein			MGMT	YES	FOR	FOR
1.04	Elect Ruth R. Harkin			MGMT	YES	FOR	FOR
1.05	Elect William R. Rhodes			MGMT	YES	FOR	FOR
1.06	Elect J. Stapleton Roy			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Preserve/Report on Natural Habitat			SHLDR	YES	AGNST	FOR
Costco Wholesale		COST	22160K105	1/29/04	Annual
1.01	Elect Benjamin S. Carson			MGMT	YES	FOR	FOR
1.02	Elect Hamilton E. James			MGMT	YES	FOR	FOR
1.03	Elect Jill A. Ruckelshaus			MGMT	YES	FOR	FOR
1.04	Elect William H. Gates			MGMT	YES	FOR	FOR
1.05	Elect Daniel J. Evans			MGMT	YES	FOR	FOR
2.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
3.00	Report On Land Development Policy			SHLDR	YES	AGNST	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Danaher		DHR	235851102	5/4/04	Annual
1.01	Elect Steven M. Rales			MGMT	YES	FOR	FOR
1.02	Elect John T. Schwieters			MGMT	YES	FOR	FOR
1.03	Elect Alan G. Spoon			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Amend Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Board Inclusiveness			SHLDR	YES	AGNST	FOR
Deere		DE	244199105	2/25/04	Annual
1.01	Elect Robert W. Lane			MGMT	YES	FOR	FOR
1.02	Elect Antonio Madero			MGMT	YES	FOR	FOR
1.03	Elect Aulana L. Peters			MGMT	YES	FOR	FOR
1.04	Elect John R. Walter			MGMT	YES	FOR	FOR
Dell		DELL	24702R101	7/18/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Repeal Classified Board			MGMT	YES	FOR	FOR
3.00	Approve Name Change			MGMT	YES	FOR	FOR
4.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
Disney (Walt)		DIS	254687106	3/3/04	Annual
1.01	Elect John E. Bryson			MGMT	YES	WHOLD	AGNST
1.02	Elect John S. Chen			MGMT	YES	WHOLD	AGNST
1.03	Elect Michael D. Eisner			MGMT	YES	WHOLD	AGNST
1.04	Elect Judith L. Estrin			MGMT	YES	WHOLD	AGNST
1.05	Elect Robert A. Iger			MGMT	YES	WHOLD	AGNST
1.06	Elect Aylwin B. Lewis			MGMT	YES	WHOLD	AGNST
1.07	Elect Monica C. Lozano			MGMT	YES	WHOLD	AGNST
1.08	Elect Robert W. Matschullat			MGMT	YES	WHOLD	AGNST
1.09	Elect George J. Mitchell			MGMT	YES	WHOLD	AGNST
1.10	Elect Leo J. O'Donovan			MGMT	YES	WHOLD	AGNST
1.11	Elect Gary L. Wilson			MGMT	YES	WHOLD	AGNST
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Code of Conduct for China Operations			SHLDR	YES	AGNST	FOR
4.00	Review Labor Standards in China Operations			SHLDR	YES	AGNST	FOR
5.00	Report on Amusement Park Safety Policy			SHLDR	YES	AGNST	FOR
Du Pont (E.I.) de Nemours		DD	263534109	4/28/04	Annual
1.01	Elect Alain J.P. Belda			MGMT	YES	FOR	FOR
1.02	Elect Richard H. Brown			MGMT	YES	FOR	FOR
1.03	Elect Curtis J. Crawford			MGMT	YES	FOR	FOR
1.04	Elect John T. Dillon			MGMT	YES	FOR	FOR
1.05	Elect Louisa C. Duemling			MGMT	YES	FOR	FOR
1.06	Elect Charles O. Holliday Jr.			MGMT	YES	FOR	FOR
1.07	Elect Deborah C. Hopkins			MGMT	YES	FOR	FOR
1.08	Elect Lois D. Juliber			MGMT	YES	FOR	FOR
1.09	Elect Masahisa Naitoh			MGMT	YES	FOR	FOR
1.10	Elect William K. Reilly			MGMT	YES	FOR	FOR
1.11	Elect H. Rodney Sharp III			MGMT	YES	FOR	FOR
1.12	Elect Charles M. Vest			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Disclose Prior Government Service			SHLDR	YES	AGNST	FOR
4.00	Monitor/Adopt ILO Conventions			SHLDR	YES	AGNST	FOR
5.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
Exxon Mobil Corp				5/26/04	Annual
1.01	Elect Michael J. Boskin			MGMT	YES	FOR	FOR
1.02	Elect James R. Houghton			MGMT	YES	FOR	FOR
1.03	Elect William R. Howell			MGMT	YES	FOR	FOR
1.04	Elect Reatha Clark King			MGMT	YES	FOR	FOR
1.05	Elect Philip E. Lippincott			MGMT	YES	FOR	FOR
1.06	Elect Harry J. Longwell			MGMT	YES	FOR	FOR
1.07	Elect Henry A. McKinnell Jr.			MGMT	YES	FOR	FOR
1.08	Elect Marilyn Carlson Nelson			MGMT	YES	FOR	FOR
1.09	Elect Lee R. Raymond			MGMT	YES	FOR	FOR
1.10	Elect Walter V. Shipley			MGMT	YES	FOR	FOR
1.11	Elect Rex W. Tillerson			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Director Stock Award Plan			MGMT	YES	FOR	FOR
4.00	Affirm Political Nonpartisanship			SHLDR	YES	AGNST	FOR
5.00	Review Political Spending			SHLDR	YES	AGNST	FOR
6.00	Review Operations' Impact on Local Groups			SHLDR	YES	AGNST	FOR
7.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
8.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
9.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
10.00	Adopt Sexual Orientation Anti-Bias Policy			SHLDR	YES	AGNST	FOR
11.00	Report or Take Action on Climate Change			SHLDR	YES	AGNST	FOR
Fannie Mae		FNM	313586109	5/25/04	Annual
1.01	Elect Stephen B. Ashley			MGMT	YES	FOR	FOR
1.02	Elect Kenneth M. Duberstein			MGMT	YES	FOR	FOR
1.03	Elect Thomas P. Gerrity			MGMT	YES	FOR	FOR
1.04	Elect Timothy Howard			MGMT	YES	FOR	FOR
1.05	Elect Ann McLaughlin Korologos			MGMT	YES	FOR	FOR
1.06	Elect Frederic V. Malek			MGMT	YES	FOR	FOR
1.07	Elect Donald B. Marron			MGMT	YES	FOR	FOR
1.08	Elect Daniel H. Mudd			MGMT	YES	FOR	FOR
1.09	Elect Anne M. Mulcahy			MGMT	YES	FOR	FOR
1.10	Elect Joe K. Pickett			MGMT	YES	FOR	FOR
1.11	Elect Leslie Rahl			MGMT	YES	FOR	FOR
1.12	Elect Franklin D. Raines			MGMT	YES	FOR	FOR
1.13	Elect H. Patrick Swygert			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Employee Stock Purchase Plan			MGMT	YES	AGNST	AGNST
4.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
First Data Corp		FDC	319963104	5/19/04	Annual
1.01	Elect Henry C. Duques			MGMT	YES	FOR	FOR
1.02	Elect Charles T. Fote			MGMT	YES	FOR	FOR
1.03	Elect Richard P. Kiphart			MGMT	YES	FOR	FOR
1.04	Elect Joan E. Spero			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
General Electric		GE	369604103	4/28/04	Annual
1.01	Elect James I. Cash Jr.			MGMT	YES	FOR	FOR
1.02	Elect Dennis D. Dammerman			MGMT	YES	FOR	FOR
1.03	Elect Ann M. Fudge			MGMT	YES	FOR	FOR
1.04	Elect Claudio X. Gonzalez Laporte			MGMT	YES	FOR	FOR
1.05	Elect Jeffrey R. Immelt			MGMT	YES	FOR	FOR
1.06	Elect Andrea Jung			MGMT	YES	FOR	FOR
1.07	Elect Alan G. Lafley			MGMT	YES	FOR	FOR
1.08	Elect Kenneth G. Langone			MGMT	YES	FOR	FOR
1.09	Elect Ralph S. Larsen			MGMT	YES	FOR	FOR
1.10	Elect Rochelle B. Lazarus			MGMT	YES	FOR	FOR
1.11	Elect Samuel A. Nunn Jr.			MGMT	YES	FOR	FOR
1.12	Elect Roger S. Penske			MGMT	YES	FOR	FOR
1.13	Elect Robert J. Swieringa			MGMT	YES	FOR	FOR
1.14	Elect Douglas A. Warner III			MGMT	YES	FOR	FOR
1.15	Elect Robert C. Wright			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Amend Long-term Bonus Plan			MGMT	YES	FOR	FOR
4.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
5.00	Review or Promote Animal Welfare			SHLDR	YES	AGNST	FOR
6.00	Review Nuclear Facility/Waste			SHLDR	YES	AGNST	FOR
7.00	Report on Environmental Impact or Plans			SHLDR	YES	AGNST	FOR
8.00	Report on Risk to Image of Globalization Strate			SHLDR	YES	AGNST	FOR
9.00	Report on Sustainability			SHLDR	YES	AGNST	FOR
10.00	Increase Comp Committee Independence			SHLDR	YES	AGNST	FOR
11.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
12.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
13.00	Limit Number of Directorships			SHLDR	YES	AGNST	FOR
14.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
15.00	Study Sale or Spin-off			SHLDR	YES	AGNST	FOR
16.00	Require Option Shares to Be Held			SHLDR	YES	AGNST	FOR
17.00	Increase Board Independence			SHLDR	YES	AGNST	FOR
18.00	Review Political Spending			SHLDR	YES	AGNST	FOR
Gillette Co		G	375766102	5/20/04	Annual
1.01	Elect Edward F. DeGraan			MGMT	YES	FOR	FOR
1.02	Elect Wilbur H. Gantz			MGMT	YES	FOR	FOR
1.03	Elect James M. Kilts			MGMT	YES	FOR	FOR
1.04	Elect Jorge Paulo Lemann			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
5.00	Limit Consulting by Auditors			SHLDR	YES	AGNST	FOR
6.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
Guidant Corp		GDT	401698105	5/18/04	Annual
1.01	Elect Maurice A. Cox Jr.			MGMT	YES	FOR	FOR
1.02	Elect Nancy-Ann DeParle			MGMT	YES	FOR	FOR
1.03	Elect Ronald W. Dollens			MGMT	YES	FOR	FOR
1.04	Elect Enrique C. Falla			MGMT	YES	FOR	FOR
1.05	Elect Kristina M. Johnson			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
3.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
Halliburton Co		HAL	406216101	5/19/04	Annual
1.01	Elect Robert L. Crandall			MGMT	YES	FOR	FOR
1.02	Elect Kenneth T. Derr			MGMT	YES	FOR	FOR
1.03	Elect Charles J. DiBona			MGMT	YES	FOR	FOR
1.04	Elect William R. Howell			MGMT	YES	FOR	FOR
1.05	Elect Ray L. Hunt			MGMT	YES	FOR	FOR
1.06	Elect David J. Lesar			MGMT	YES	FOR	FOR
1.07	Elect Aylwin B. Lewis			MGMT	YES	FOR	FOR
1.08	Elect J. Landis Martin			MGMT	YES	FOR	FOR
1.09	Elect Jay A. Precourt			MGMT	YES	FOR	FOR
1.10	Elect Debra L. Reed			MGMT	YES	FOR	FOR
1.11	Elect C. J. Silas			MGMT	YES	FOR	FOR
2.00	Increase Authorized Common Stock			MGMT	YES	AGNST	AGNST
3.00	Report on Ties to State Sponsors of Terror			SHLDR	YES	AGNST	FOR
4.00	Require Majority Vote to Elect Directors			SHLDR	YES	AGNST	FOR
5.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
Hewlett-Packard		HPQ	428236103	3/17/04	Annual
1.01	Elect Lawrence T. Babbio Jr.			MGMT	YES	FOR	FOR
1.02	Elect Patricia C. Dunn			MGMT	YES	FOR	FOR
1.03	Elect Carleton S. Fiorina			MGMT	YES	FOR	FOR
1.04	Elect Richard A. Hackborn			MGMT	YES	FOR	FOR
1.05	Elect George A. Keyworth II			MGMT	YES	FOR	FOR
1.06	Elect Robert E. Knowling Jr.			MGMT	YES	FOR	FOR
1.07	Elect Sanford M. Litvack			MGMT	YES	FOR	FOR
1.08	Elect Robert L. Ryan			MGMT	YES	FOR	FOR
1.09	Elect Lucille S. Salhany			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
Home Depot Inc		HD	437076102	5/27/04	Annual
1.01	Elect Gregory D. Brenneman			MGMT	YES	FOR	FOR
1.02	Elect Richard H. Brown			MGMT	YES	FOR	FOR
1.03	Elect John L. Clendenin			MGMT	YES	FOR	FOR
1.04	Elect Berry R. Cox			MGMT	YES	FOR	FOR
1.05	Elect Claudio X. Gonzalez Laporte			MGMT	YES	FOR	FOR
1.06	Elect Milledge A. Hart III			MGMT	YES	FOR	FOR
1.07	Elect Bonnie Guiton Hill			MGMT	YES	FOR	FOR
1.08	Elect Kenneth G. Langone			MGMT	YES	FOR	FOR
1.09	Elect Robert L. Nardelli			MGMT	YES	FOR	FOR
1.10	Elect Roger S. Penske			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Director Tenure/Retirement Age			SHLDR	YES	AGNST	FOR
4.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Monitor/Adopt ILO Conventions			SHLDR	YES	AGNST	FOR
7.00	Golden Parachutes			SHLDR	YES	FOR	AGNST
8.00	Require Majority Vote to Elect Directors			SHLDR	YES	AGNST	FOR
Ingersoll-Rand Co Ltd		IR	G4776G101	6/2/04	Annual
1.01	Elect Peter C. Godsoe			MGMT	YES	FOR	FOR
1.02	Elect Constance J. Horner			MGMT	YES	FOR	FOR
1.03	Elect Orin R. Smith			MGMT	YES	FOR	FOR
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Approve Non-Technical Bylaw Amendments			MGMT	YES	FOR	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
5.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
6.00	Reincorporation			SHLDR	YES	AGNST	FOR
7.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
Intel Corp		INTC	458140100	5/19/04	Annual
1.01	Elect Craig R. Barrett			MGMT	YES	FOR	FOR
1.02	Elect Charlene Barshefsky			MGMT	YES	FOR	FOR
1.03	Elect E. John P. Browne			MGMT	YES	FOR	FOR
1.04	Elect Andrew S. Grove			MGMT	YES	FOR	FOR
1.05	Elect D. James Guzy			MGMT	YES	FOR	FOR
1.06	Elect Reed E. Hundt			MGMT	YES	FOR	FOR
1.07	Elect Paul S. Otellini			MGMT	YES	FOR	FOR
1.08	Elect David S. Pottruck			MGMT	YES	FOR	FOR
1.09	Elect Jane E. Shaw			MGMT	YES	FOR	FOR
1.10	Elect John L. Thornton			MGMT	YES	FOR	FOR
1.11	Elect David B. Yoffie			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Award Performance-based Stock Options			SHLDR	YES	AGNST	FOR
International Business Machines		IBM	459200101	4/27/04	Annual
1.01	Elect Cathleen P. Black			MGMT	YES	FOR	FOR
1.02	Elect Kenneth I. Chenault			MGMT	YES	FOR	FOR
1.03	Elect Carlos Ghosn			MGMT	YES	FOR	FOR
1.04	Elect Nannerl O. Keohane			MGMT	YES	FOR	FOR
1.05	Elect Charles F. Knight			MGMT	YES	FOR	FOR
1.06	Elect Lucio A. Noto			MGMT	YES	FOR	FOR
1.07	Elect Samuel J. Palmisano			MGMT	YES	FOR	FOR
1.08	Elect John B. Slaughter			MGMT	YES	FOR	FOR
1.09	Elect Joan E. Spero			MGMT	YES	FOR	FOR
1.10	Elect Sidney Taurel			MGMT	YES	FOR	FOR
1.11	Elect Charles M. Vest			MGMT	YES	FOR	FOR
1.12	Elect Lorenzo H. Zambrano			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Ratify Auditors for Business Unit			MGMT	YES	FOR	FOR
4.00	Reapprove Option/Bonus Plan for OBRA			MGMT	YES	FOR	FOR
5.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
6.00	Provide Pension Choices			SHLDR	YES	AGNST	FOR
7.00	Pension Fund Surplus			SHLDR	YES	AGNST	FOR
8.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
9.00	Disclose Executive Compensation			SHLDR	YES	AGNST	FOR
10.00	China--Adopt Code of Conduct			SHLDR	YES	AGNST	FOR
11.00	Review Political Spending			SHLDR	YES	AGNST	FOR
12.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
Intuit		INTU	461202103	10/30/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Add Shares to Employee Stock Purchase Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
J P Morgan Chase & Co		JPM	46625H100	5/25/04	Annual
1.00	Approve Merger/Acquisition			MGMT	YES	FOR	FOR
	Approve Common Stock Issuance
2.01	Elect Hans W. Becherer			MGMT	YES	FOR	FOR
2.02	Elect Frank A. Bennack Jr.			MGMT	YES	FOR	FOR
2.03	Elect John H. Biggs			MGMT	YES	FOR	FOR
2.04	Elect Lawrence A. Bossidy			MGMT	YES	FOR	FOR
2.05	Elect Ellen V. Futter			MGMT	YES	FOR	FOR
2.06	Elect William H. Gray III			MGMT	YES	FOR	FOR
2.07	Elect William B. Harrison Jr.			MGMT	YES	FOR	FOR
2.08	Elect Helene L. Kaplan			MGMT	YES	FOR	FOR
2.09	Elect Lee R. Raymond			MGMT	YES	FOR	FOR
2.10	Elect John R. Stafford			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Reapprove Option/Bonus Plan for OBRA			MGMT	YES	FOR	FOR
5.00	Adjourn Meeting			MGMT	YES	FOR	FOR
6.00	Director Tenure/Retirement Age			SHLDR	YES	AGNST	FOR
7.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR
8.00	Review Political Spending			SHLDR	YES	AGNST	FOR
9.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
10.00	Failure to Disclose Derivatives			SHLDR	YES	AGNST	FOR
11.00	Limit Consulting by Auditors			SHLDR	YES	AGNST	FOR
12.00	Restrict Director Compensation			SHLDR	YES	AGNST	FOR
13.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
Johnson & Johnson		JNJ	478160104	4/22/04	Annual
1.01	Elect Gerard N. Burrow			MGMT	YES	FOR	FOR
1.02	Elect Mary S. Coleman			MGMT	YES	FOR	FOR
1.03	Elect James G. Cullen			MGMT	YES	FOR	FOR
1.04	Elect Robert J. Darretta			MGMT	YES	FOR	FOR
1.05	Elect M. Judah Folkman			MGMT	YES	FOR	FOR
1.06	Elect Ann Dibble Jordan			MGMT	YES	FOR	FOR
1.07	Elect Arnold G. Langbo			MGMT	YES	FOR	FOR
1.08	Elect Susan L. Lindquist			MGMT	YES	FOR	FOR
1.09	Elect Leo F. Mullin			MGMT	YES	FOR	FOR
1.10	Elect Steven S. Reinemund			MGMT	YES	FOR	FOR
1.11	Elect David Satcher			MGMT	YES	FOR	FOR
1.12	Elect Henry B. Schacht			MGMT	YES	FOR	FOR
1.13	Elect William C. Weldon			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
3.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR
Johnson Controls		JCI	478366107	1/28/04	Annual
1.01	Elect Robert L. Barnett			MGMT	YES	FOR	FOR
1.02	Elect Willie D. Davis			MGMT	YES	FOR	FOR
1.03	Elect Jeffrey A. Joerres			MGMT	YES	FOR	FOR
1.04	Elect Richard F. Teerlink			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Long-Term Bonus Plan			MGMT	YES	FOR	FOR
4.00	Amend Annual Bonus Plan			MGMT	YES	FOR	FOR
5.00	Adopt Director Stock Award Plan			MGMT	YES	FOR	FOR
6.00	Add Shares to Stock Award Plan			MGMT	YES	FOR	FOR
KLA-Tencor		KLAC	482480100	11/5/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
Kroger Co		KR	501044101	6/24/04	Annual
1.01	Elect John L. Clendenin			MGMT	YES	FOR	FOR
1.02	Elect David B. Dillon			MGMT	YES	FOR	FOR
1.03	Elect David B. Lewis			MGMT	YES	FOR	FOR
1.04	Elect Don W. McGeorge			MGMT	YES	FOR	FOR
1.05	Elect W. Rodney McMullen			MGMT	YES	FOR	FOR
1.06	Elect Susan M. Phillips			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
4.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
5.00	Golden Parachutes			SHLDR	YES	AGNST	FOR
Lehman Brothers Holdings		LEH	524908100	4/2/04	Annual
1.01	Elect Roger S. Berlind			MGMT	YES	FOR	FOR
1.02	Elect Marsha J. Evans			MGMT	YES	FOR	FOR
1.03	Elect Christopher Gent			MGMT	YES	FOR	FOR
1.04	Elect Dina Merrill			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Other Business			MGMT	YES	AGNST	AGNST
Lexmark International		LXK	529771107	4/22/04	Annual
1.01	Elect Frank T. Cary			MGMT	YES	FOR	FOR
1.02	Elect Paul J. Curlander			MGMT	YES	FOR	FOR
1.03	Elect Martin D. Walker			MGMT	YES	FOR	FOR
1.04	Elect James F. Hardymon			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Lilly (Eli)		LLY	532457108	4/19/04	Annual
1.01	Elect Steven C. Beering			MGMT	YES	FOR	FOR
1.02	Elect Winfried F.W. Bischoff			MGMT	YES	FOR	FOR
1.03	Elect Franklyn G. Prendergast			MGMT	YES	FOR	FOR
1.04	Elect Kathi P. Seifert			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
4.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
5.00	Review Drug Pricing or Distribution			SHLDR	YES	AGNST	FOR
Masco Corp		MAS	574599106	5/11/04	Annual
1.01	Elect Peter A. Dow			MGMT	YES	FOR	FOR
1.02	Elect Anthony F. Earley Jr.			MGMT	YES	FOR	FOR
1.03	Elect Wayne B. Lyon			MGMT	YES	FOR	FOR
1.04	Elect David L. Johnston			MGMT	YES	FOR	FOR
1.05	Elect J. Michael Losh			MGMT	YES	FOR	FOR
2.00	Reapprove Option/Bonus Plan for OBRA			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Maxim Integrated Products		MXIM	57772K101	11/13/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Add Shares to Employee Stock Purchase Plan			MGMT	YES	AGNST	AGNST
4.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
MBNA		KRB	55262L100	5/3/04	Annual
1.01	Elect James H. Berick			MGMT	YES	FOR	FOR
1.02	Elect Benjamin R. Civiletti			MGMT	YES	FOR	FOR
1.03	Elect Bruce L. Hammonds			MGMT	YES	FOR	FOR
1.04	Elect William L. Jews			MGMT	YES	FOR	FOR
1.05	Elect Randolph D. Lerner			MGMT	YES	FOR	FOR
1.06	Elect Stuart L. Markowitz			MGMT	YES	FOR	FOR
1.07	Elect William B. Milstead			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
4.00	Increase Board Independence			SHLDR	YES	AGNST	FOR
McDonald's Corp		MCD	580135101	5/20/04	Annual
1.01	Elect Edward A. Brennan			MGMT	YES	FOR	FOR
1.02	Elect Walter E. Massey			MGMT	YES	FOR	FOR
1.03	Elect John W. Rogers Jr.			MGMT	YES	FOR	FOR
1.04	Elect Anne-Marie Slaughter			MGMT	YES	FOR	FOR
1.05	Elect Roger W. Stone			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Option Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Option Plan
4.00	Approve Long-Term Bonus Plan			MGMT	YES	FOR	FOR
	Approve Annual Bonus Plan
MedImmune Inc		MEDI	584699102	5/20/04	Annual
1.01	Elect Wayne T. Hockmeyer			MGMT	YES	FOR	FOR
1.02	Elect David M. Mott			MGMT	YES	FOR	FOR
1.03	Elect David Baltimore			MGMT	YES	FOR	FOR
1.04	Elect M. James Barrett			MGMT	YES	FOR	FOR
1.05	Elect Melvin D. Booth			MGMT	YES	FOR	FOR
1.06	Elect James H. Cavanaugh			MGMT	YES	FOR	FOR
1.07	Elect Barbara Hackman Franklin			MGMT	YES	FOR	FOR
1.08	Elect Gordon S. Macklin			MGMT	YES	FOR	FOR
1.09	Elect Elizabeth Wyatt			MGMT	YES	FOR	FOR
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Medtronic		MDT	585055106	8/28/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
3.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
Merck		MRK	589331107	4/27/04	Annual
1.01	Elect Peter C. Wendell			MGMT	YES	FOR	FOR
1.02	Elect William G. Bowen			MGMT	YES	FOR	FOR
1.03	Elect William M. Daley			MGMT	YES	FOR	FOR
1.04	Elect Thomas E. Shenk			MGMT	YES	FOR	FOR
1.05	Elect Wendell P. Weeks			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Repeal Classified Board			MGMT	YES	FOR	FOR
4.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
5.00	Develop Ethical Criteria for Patent Extension			SHLDR	YES	AGNST	FOR
6.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
7.00	Review Political Spending			SHLDR	YES	AGNST	FOR
8.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
Merrill Lynch		MER	590188108	4/23/04	Annual
1.01	Elect David K. Newbigging			MGMT	YES	FOR	FOR
1.02	Elect J.W. Prueher			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
4.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
Microsoft		MSFT	594918104	11/11/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Amend Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Amend Director Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR
Morgan Stanley		MWD	617446448	4/20/04	Annual
1.01	Elect John W. Madigan			MGMT	YES	FOR	FOR
1.02	Elect Klaus Zumwinkel			MGMT	YES	FOR	FOR
1.03	Elect Howard Davies			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
4.00	Golden Parachutes			SHLDR	YES	AGNST	FOR
5.00	Review Political Spending			SHLDR	YES	AGNST	FOR
Mylan Laboratories		MYL	628530107	7/25/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Increase Authorized Common Stock			MGMT	YES	AGNST	AGNST
3.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
Nike -Cl B		NKE	654106103	9/22/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
Omnicom Group		OMC	681919106	5/25/04	Annual
1.01	Elect John D. Wren			MGMT	YES	FOR	FOR
1.02	Elect Bruce Crawford			MGMT	YES	FOR	FOR
1.03	Elect Robert Charles Clark			MGMT	YES	FOR	FOR
1.04	Elect Leonard S. Coleman Jr.			MGMT	YES	FOR	FOR
1.05	Elect Errol M. Cook			MGMT	YES	FOR	FOR
1.06	Elect Susan S. Denison			MGMT	YES	FOR	FOR
1.07	Elect Michael A. Henning			MGMT	YES	FOR	FOR
1.08	Elect John R. Murphy			MGMT	YES	FOR	FOR
1.09	Elect John R. Purcell			MGMT	YES	FOR	FOR
1.10	Elect Linda Johnson Rice			MGMT	YES	FOR	FOR
1.11	Elect Gary L. Roubos			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Director Stock Award Plan			MGMT	YES	FOR	FOR
Oracle		ORCL	68389X105	10/13/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Adopt Director Stock Option Plan			MGMT	YES	AGNST	AGNST
5.00	China--Adopt Code of Conduct			SHLDR	YES	AGNST	FOR
PepsiCo		PEP	713448108	5/5/04	Annual
1.01	Elect John F. Akers			MGMT	YES	FOR	FOR
1.02	Elect Robert E. Allen			MGMT	YES	FOR	FOR
1.03	Elect Ray L. Hunt			MGMT	YES	FOR	FOR
1.04	Elect Arthur C. Martinez			MGMT	YES	FOR	FOR
1.05	Elect Indra K. Nooyi			MGMT	YES	FOR	FOR
1.06	Elect Franklin D. Raines			MGMT	YES	FOR	FOR
1.07	Elect Steven S. Reinemund			MGMT	YES	FOR	FOR
1.08	Elect Sharon Percy Rockefeller			MGMT	YES	FOR	FOR
1.09	Elect James J. Schiro			MGMT	YES	FOR	FOR
1.10	Elect Franklin A. Thomas			MGMT	YES	FOR	FOR
1.11	Elect Cynthia M. Trudell			MGMT	YES	FOR	FOR
1.12	Elect Solomon D. Trujillo			MGMT	YES	FOR	FOR
1.13	Elect Daniel Vasella			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
4.00	Review Political Spending			SHLDR	YES	AGNST	FOR
5.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
Pfizer		PFE	717081103	4/22/04	Annual
1.01	Elect Michael S. Brown			MGMT	YES	FOR	FOR
1.02	Elect M. Anthony Burns			MGMT	YES	FOR	FOR
1.03	Elect Robert N. Burt			MGMT	YES	FOR	FOR
1.04	Elect W. Don Cornwell			MGMT	YES	FOR	FOR
1.05	Elect William H. Gray III			MGMT	YES	FOR	FOR
1.06	Elect Constance J. Horner			MGMT	YES	FOR	FOR
1.07	Elect William R. Howell			MGMT	YES	FOR	FOR
1.08	Elect Stanley O. Ikenberry			MGMT	YES	FOR	FOR
1.09	Elect George A. Lorch			MGMT	YES	FOR	FOR
1.10	Elect Henry A. McKinnell Jr.			MGMT	YES	FOR	FOR
1.11	Elect Dana G. Mead			MGMT	YES	FOR	FOR
1.12	Elect Franklin D. Raines			MGMT	YES	FOR	FOR
1.13	Elect Ruth J. Simmons			MGMT	YES	FOR	FOR
1.14	Elect William C. Steere Jr.			MGMT	YES	FOR	FOR
1.15	Elect Jean-Paul Valles			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Review AIDS Pandemic's Impact on Company			SHLDR	YES	AGNST	FOR
5.00	Limit or End Political Spending			SHLDR	YES	AGNST	FOR
6.00	Review Political Spending			SHLDR	YES	AGNST	FOR
7.00	Director Tenure/Retirement Age			SHLDR	YES	AGNST	FOR
8.00	Review Drug Pricing or Distribution			SHLDR	YES	AGNST	FOR
9.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
10.00	Review or Promote Animal Welfare			SHLDR	YES	AGNST	FOR
PG&E		PCG	69331C108	4/21/04	Annual
1.01	Elect David R. Andrews			MGMT	YES	FOR	FOR
1.02	Elect Leslie S. Biller			MGMT	YES	FOR	FOR
1.03	Elect David A. Coulter			MGMT	YES	FOR	FOR
1.04	Elect C. Lee Cox			MGMT	YES	FOR	FOR
1.05	Elect Robert D. Glynn Jr.			MGMT	YES	FOR	FOR
1.06	Elect David M. Lawrence			MGMT	YES	FOR	FOR
1.07	Elect Mary S. Metz			MGMT	YES	FOR	FOR
1.08	Elect Barry L. Williams			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
4.00	Golden Parachutes			SHLDR	YES	FOR	AGNST
5.00	Increase Board Independence			SHLDR	YES	AGNST	FOR
6.00	Review Nuclear Facility/Waste			SHLDR	YES	AGNST	FOR
7.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
8.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
Procter & Gamble		PG	742718109	10/14/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Director Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
5.00	Review or Curb Bioengineering			SHLDR	YES	AGNST	FOR
Raytheon		RTN	755111507	5/5/04	Annual
1.01	Elect John M. Deutch			MGMT	YES	FOR	FOR
1.02	Elect Michael C. Ruettgers			MGMT	YES	FOR	FOR
1.03	Elect William R. Spivey			MGMT	YES	FOR	FOR
1.04	Elect William H. Swanson			MGMT	YES	FOR	FOR
1.05	Elect Linda Gillespie Stuntz			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review Military Contracting Criteria			SHLDR	YES	AGNST	FOR
4.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
5.00	Repeal Classified Board			SHLDR	YES	AGNST	FOR
6.00	Review or Implement MacBride Principles			SHLDR	YES	AGNST	FOR
7.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
8.00	Approve Extra Benefits Under Serps			SHLDR	YES	AGNST	FOR
9.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
Sara Lee		SLE	803111103	10/30/03	Annual
1.00	Elect Directors			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review Charitable Giving Policy			SHLDR	YES	AGNST	FOR
4.00	Monitor/Adopt ILO Conventions			SHLDR	YES	AGNST	FOR
SBC Communications		SBC	78387G103	4/30/04	Annual
1.01	Elect James E. Barnes			MGMT	YES	FOR	FOR
1.02	Elect James A. Henderson			MGMT	YES	FOR	FOR
1.03	Elect John B. McCoy			MGMT	YES	FOR	FOR
1.04	Elect S. Donley Ritchey			MGMT	YES	FOR	FOR
1.05	Elect Joyce M. Roche			MGMT	YES	FOR	FOR
1.06	Elect Patricia P. Upton			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Repeal Classified Board			MGMT	YES	FOR	FOR
4.00	Review Political Spending			SHLDR	YES	AGNST	FOR
5.00	Reduce Board Size			SHLDR	YES	AGNST	FOR
Schering-Plough		SGP	806605101	4/27/04	Annual
1.01	Elect Fred Hassan			MGMT	YES	FOR	FOR
1.02	Elect Philip Leder			MGMT	YES	FOR	FOR
1.03	Elect Eugene R. McGrath			MGMT	YES	FOR	FOR
1.04	Elect Richard de J. Osborne			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
Schlumberger Ltd.		SLB	806857108	4/14/04	Annual
1.01	Elect John M. Deutch			MGMT	YES	FOR	FOR
1.02	Elect Jamie S. Gorelick			MGMT	YES	FOR	FOR
1.03	Elect Andrew Gould			MGMT	YES	FOR	FOR
1.04	Elect Tony Isaac			MGMT	YES	FOR	FOR
1.05	Elect Adrian Lajous			MGMT	YES	FOR	FOR
1.06	Elect Andre Levy-Lang			MGMT	YES	FOR	FOR
1.07	Elect Didier Primat			MGMT	YES	FOR	FOR
1.08	Elect Tore I. Sandvold			MGMT	YES	FOR	FOR
1.09	Elect Nicolas Seydoux			MGMT	YES	FOR	FOR
1.10	Elect Linda Gillespie Stuntz			MGMT	YES	FOR	FOR
2.00	Approve Financial Statements			MGMT	YES	FOR	FOR
3.00	Adopt Director Stock Award Plan			MGMT	YES	FOR	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Target Corp		TGT	87612E106	5/19/04	Annual
1.01	Elect Calvin Darden			MGMT	YES	FOR	FOR
1.02	Elect Michele J. Hooper			MGMT	YES	FOR	FOR
1.03	Elect Anne M. Mulcahy			MGMT	YES	FOR	FOR
1.04	Elect Stephen W. Sanger			MGMT	YES	FOR	FOR
1.05	Elect Warren R. Staley			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
Tenet Healthcare		THC	88033G100	5/6/04	Annual
1.01	Elect Trevor Fetter			MGMT	YES	FOR	FOR
1.02	Elect Van B. Honeycutt			MGMT	YES	FOR	FOR
1.03	Elect John C. Kane			MGMT	YES	FOR	FOR
1.04	Elect Edward A. Kangas			MGMT	YES	FOR	FOR
1.05	Elect J. Robert Kerrey			MGMT	YES	FOR	FOR
1.06	Elect Richard R. Pettingill			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Texas Instruments		TXN	882508104	4/15/04	Annual
1.01	Elect James R. Adams			MGMT	YES	FOR	FOR
1.02	Elect David L. Boren			MGMT	YES	FOR	FOR
1.03	Elect Daniel A. Carp			MGMT	YES	FOR	FOR
1.04	Elect Thomas J. Engibous			MGMT	YES	FOR	FOR
1.05	Elect Gerald W. Fronterhouse			MGMT	YES	FOR	FOR
1.06	Elect David R. Goode			MGMT	YES	FOR	FOR
1.07	Elect Wayne R. Sanders			MGMT	YES	FOR	FOR
1.08	Elect Ruth J. Simmons			MGMT	YES	FOR	FOR
1.09	Elect Richard K. Templeton			MGMT	YES	FOR	FOR
1.10	Elect Christine Todd Whitman			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
Textron		TXT	883203101	4/28/04	Annual
1.01	Elect Kathleen M. Bader			MGMT	YES	FOR	FOR
1.02	Elect R. Kerry Clark			MGMT	YES	FOR	FOR
1.03	Elect Ivor J. Evans			MGMT	YES	FOR	FOR
1.04	Elect Charles D. Powell			MGMT	YES	FOR	FOR
2.00	Amend Stock Option Plan			MGMT	YES	AGNST	AGNST
	Add Shares to Stock Option Plan
3.00	Adopt Director Stock Award Plan			MGMT	YES	AGNST	AGNST
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
5.00	Review Foreign Military Sales			SHLDR	YES	AGNST	FOR
6.00	Review Political Spending			SHLDR	YES	AGNST	FOR
7.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR
Transocean Inc		RIG	G90078109	5/13/04	Annual
1.01	Elect Robert L. Long			MGMT	YES	FOR	FOR
1.02	Elect Martin B. McNamara			MGMT	YES	FOR	FOR
1.03	Elect Robert M. Sprague			MGMT	YES	FOR	FOR
1.04	Elect J. Michael Talbert			MGMT	YES	FOR	FOR
2.00	Amend Stock Option Plan			MGMT	YES	FOR	FOR
	Add Shares to Stock Option Plan
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Tyco International		TYC	902124106	3/25/04	Annual
1.01	Elect Dennis C. Blair			MGMT	YES	FOR	FOR
1.02	Elect Edward D. Breen			MGMT	YES	FOR	FOR
1.03	Elect George W. Buckley			MGMT	YES	FOR	FOR
1.04	Elect Bruce S. Gordon			MGMT	YES	FOR	FOR
1.05	Elect John A. Krol			MGMT	YES	FOR	FOR
1.06	Elect H. Carl McCall			MGMT	YES	FOR	FOR
1.07	Elect Mackey J. McDonald			MGMT	YES	FOR	FOR
1.08	Elect Brendan R. O'Neill			MGMT	YES	FOR	FOR
1.09	Elect Sandra S. Wijnberg			MGMT	YES	FOR	FOR
1.10	Elect Jerome B. York			MGMT	YES	FOR	FOR
1.11	Elect Brian Duperreault			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST
	Authorize Committee to Set Auditors' Fees
3.00	Adopt New Bylaws			MGMT	YES	FOR	FOR
4.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
5.00	Review and reduce toxic emissions			SHLDR	YES	AGNST	AGNST
6.00	Reincorporate to U.S. State			SHLDR	YES	AGNST	FOR
7.00	Implement Executive Compensation Plan			SHLDR	YES	AGNST	FOR
Verizon Communications		VZ	92343V104	4/28/04	Annual
1.01	Elect James R. Barker			MGMT	YES	FOR	FOR
1.02	Elect Richard L. Carrion			MGMT	YES	FOR	FOR
1.03	Elect Robert W. Lane			MGMT	YES	FOR	FOR
1.04	Elect Sandra O. Moose			MGMT	YES	FOR	FOR
1.05	Elect Joseph Neubauer			MGMT	YES	FOR	FOR
1.06	Elect Thomas H. O'Brien			MGMT	YES	FOR	FOR
1.07	Elect Hugh B. Price			MGMT	YES	FOR	FOR
1.08	Elect Ivan G. Seidenberg			MGMT	YES	FOR	FOR
1.09	Elect Walter V. Shipley			MGMT	YES	FOR	FOR
1.10	Elect John R. Stafford			MGMT	YES	FOR	FOR
1.11	Elect Robert D. Storey			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Cumulative Voting			SHLDR	YES	AGNST	FOR
4.00	Increase Board Independence			SHLDR	YES	AGNST	FOR
5.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
6.00	Redeem or Vote on Poison Pill			SHLDR	YES	FOR	AGNST
7.00	Approve Extra Benefits Under Serps			SHLDR	YES	AGNST	FOR
8.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
9.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
10.00	Review Political Spending			SHLDR	YES	AGNST	FOR
11.00	Collecting Service Fees			SHLDR	YES	AGNST	FOR
Wachovia		WB	929903102	4/20/04	Annual
1.01	Elect James S. Balloun			MGMT	YES	FOR	FOR
1.02	Elect John T. Casteen III			MGMT	YES	FOR	FOR
1.03	Elect Joseph Neubauer			MGMT	YES	FOR	FOR
1.04	Elect Lanty L. Smith			MGMT	YES	FOR	FOR
1.05	Elect Dona Davis Young			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Double Board Nominees			SHLDR	YES	AGNST	FOR
4.00	Review Political Spending			SHLDR	YES	AGNST	FOR
5.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
Wal-Mart Stores		WMT	931142103	6/4/04	Annual
1.01	Elect James W. Breyer			MGMT	YES	FOR	FOR
1.02	Elect M. Michele Burns			MGMT	YES	FOR	FOR
1.03	Elect Thomas M. Coughlin			MGMT	YES	FOR	FOR
1.04	Elect David D. Glass			MGMT	YES	FOR	FOR
1.05	Elect Roland A. Hernandez			MGMT	YES	FOR	FOR
1.06	Elect Dawn G. Lepore			MGMT	YES	FOR	FOR
1.07	Elect John D. Opie			MGMT	YES	FOR	FOR
1.08	Elect J. Paul Reason			MGMT	YES	FOR	FOR
1.09	Elect H. Lee Scott Jr.			MGMT	YES	FOR	FOR
1.10	Elect Jack C. Shewmaker			MGMT	YES	FOR	FOR
1.11	Elect Jose H. Villarreal			MGMT	YES	FOR	FOR
1.12	Elect John T. Walton			MGMT	YES	FOR	FOR
1.13	Elect S. Robson Walton			MGMT	YES	FOR	FOR
1.14	Elect Christopher J. Williams			MGMT	YES	FOR	FOR
2.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
3.00	Adopt Employee Stock Purchase Plan			MGMT	YES	AGNST	AGNST
4.00	Adopt Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
5.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
6.00	Independent Board Chairman			SHLDR	YES	AGNST	FOR
7.00	Report on Sustainability			SHLDR	YES	AGNST	FOR
8.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
9.00	Review or Curb Bioengineering			SHLDR	YES	AGNST	FOR
10.00	Report on EEO			SHLDR	YES	AGNST	FOR
11.00	Approve Extra Benefits Under Serps			SHLDR	YES	AGNST	FOR
Walgreen		WAG	931422109	1/14/04	Annual
1.01	Elect David W. Bernauer			MGMT	YES	FOR	FOR
1.02	Elect William C. Foote			MGMT	YES	FOR	FOR
1.03	Elect James J. Howard			MGMT	YES	FOR	FOR
1.04	Elect Alan G. McNally			MGMT	YES	FOR	FOR
1.05	Elect Cordell Reed			MGMT	YES	FOR	FOR
1.06	Elect Jeffrey A. Rein			MGMT	YES	FOR	FOR
1.07	Elect David Y. Schwartz			MGMT	YES	FOR	FOR
1.08	Elect John B. Schwemm			MGMT	YES	FOR	FOR
1.09	Elect Marilou M. von Ferstel			MGMT	YES	FOR	FOR
1.10	Elect Charles R. Walgreen III			MGMT	YES	FOR	FOR
2.00	Adopt Director Stock Award Plan			MGMT	YES	AGNST	AGNST
Waste Management Inc		WMI	94106L109	5/14/04	Annual
1.01	Elect Pastora San Juan Cafferty			MGMT	YES	FOR	FOR
1.02	Elect Frank M. Clark Jr.			MGMT	YES	FOR	FOR
1.03	Elect Robert Stevens Miller Jr.			MGMT	YES	FOR	FOR
1.04	Elect A. Maurice Myers			MGMT	YES	FOR	FOR
1.05	Elect John C. Pope			MGMT	YES	FOR	FOR
1.06	Elect W. Robert Reum			MGMT	YES	FOR	FOR
1.07	Elect Steven G. Rothmeier			MGMT	YES	FOR	FOR
1.08	Elect David P. Steiner			MGMT	YES	FOR	FOR
1.09	Elect Carl W. Vogt			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
Weatherford International Ltd		WFT	G95089101	5/25/04	Annual
1.01	Elect Philip J. Burguieres			MGMT	YES	FOR	FOR
1.02	Elect Nicholas F. Brady			MGMT	YES	FOR	FOR
1.03	Elect David J. Butters			MGMT	YES	FOR	FOR
1.04	Elect Bernard J. Duroc-Danner			MGMT	YES	FOR	FOR
1.05	Elect Sheldon B. Lubar			MGMT	YES	FOR	FOR
1.06	Elect William E. Macaulay			MGMT	YES	FOR	FOR
1.07	Elect Robert B. Millard			MGMT	YES	FOR	FOR
1.08	Elect Robert K. Moses, Jr.			MGMT	YES	FOR	FOR
1.09	Elect Robert A. Rayne			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Wells Fargo		WFC	949746101	4/27/04	Annual
1.01	Elect John A. Blanchard III			MGMT	YES	FOR	FOR
1.02	Elect Susan E. Engel			MGMT	YES	FOR	FOR
1.03	Elect Enrique Hernandez Jr.			MGMT	YES	FOR	FOR
1.04	Elect Robert L. Joss			MGMT	YES	FOR	FOR
1.05	Elect Reatha Clark King			MGMT	YES	FOR	FOR
1.06	Elect Richard M. Kovacevich			MGMT	YES	FOR	FOR
1.07	Elect Richard D. McCormick			MGMT	YES	FOR	FOR
1.08	Elect Cynthia H. Milligan			MGMT	YES	FOR	FOR
1.09	Elect Philip J. Quigley			MGMT	YES	FOR	FOR
1.10	Elect Donald B. Rice			MGMT	YES	FOR	FOR
1.11	Elect Judith M. Runstad			MGMT	YES	FOR	FOR
1.12	Elect Stephen W. Sanger			MGMT	YES	FOR	FOR
1.13	Elect Susan G. Swenson			MGMT	YES	FOR	FOR
1.14	Elect Michael W. Wright			MGMT	YES	FOR	FOR
2.00	Approve Savings Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
5.00	Restrict Executive Compensation			SHLDR	YES	AGNST	FOR
6.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
7.00	Review Political Spending			SHLDR	YES	AGNST	FOR
Wyeth		WYE	983024100	4/22/04	Annual
1.01	Elect Clifford L. Alexander Jr.			MGMT	YES	FOR	FOR
1.02	Elect Frank A. Bennack Jr.			MGMT	YES	FOR	FOR
1.03	Elect Richard L. Carrion			MGMT	YES	FOR	FOR
1.04	Elect Robert Essner			MGMT	YES	FOR	FOR
1.05	Elect John D. Feerick			MGMT	YES	FOR	FOR
1.06	Elect Robert S. Langer			MGMT	YES	FOR	FOR
1.07	Elect John P. Mascotte			MGMT	YES	FOR	FOR
1.08	Elect Mary Lake Polan			MGMT	YES	FOR	FOR
1.09	Elect Ivan G. Seidenberg			MGMT	YES	FOR	FOR
1.10	Elect Walter V. Shipley			MGMT	YES	FOR	FOR
1.11	Elect John R. Torell III			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Review Drug Pricing or Distribution			SHLDR	YES	AGNST	FOR
4.00	Review or Promote Animal Welfare			SHLDR	YES	AGNST	FOR

Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to be have been voted against management's recommendation, regardless of whether the recommendation is 'For' or 'Against,' except where management has made no recommendation or has recommended that shareholders 'Abstain.'

Where management has recommended that shareholders 'Abstain' from voting on a ballot item: 1) a ballot market 'Abstain' is considered to have been voted for management's recommendation to 'Abstain' and 2) a ballot voted '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, the abbreviation "N/A" is used to denote that there is no applicable recommendation compared to which a vote may be 'For' or 'Against' the recommendation of management.




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)	Federated Stock and Bond Fund, Inc.
By (Signature and Title)	/s/ J. Christopher Donahue President - Principal Executive Officer

Insert printed name and title of signing officer    J. Christopher Donahue, President - Principal Executive Officer

Date   August 25, 2004