UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act File Number:	811-00750
Exact Name of Registrant as Specified in Charter:	Delaware Group Equity Funds II
Address of principal executive offices:	2005 Market Street
	Philadelphia, PA 19103
Name and address of agent for service:	David F. Connor, Esq. 2005 Market Street Philadelphia, PA 19103
Registrant’s telephone number:	(800) 523-1918
Date of fiscal year end:	November 30
Date of reporting period:	July 1, 2007 – June 30, 2008

ITEM 1. PROXY VOTING RECORD.

======================== DELAWARE LARGE CAP VALUE FUND =========================

ABBOTT LABORATORIES                                                            

Ticker:       ABT            Security ID:  002824100                           

Meeting Date: APR 25, 2008   Meeting Type: Annual                              

Record Date:  FEB 26, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director R.S. Austin                For       For        Management

1.2   Elect Director W.M. Daley                 For       For        Management

1.3   Elect Director W.J. Farrell               For       For        Management

1.4   Elect Director H.L. Fuller                For       For        Management

1.5   Elect Director W.A. Osborn                For       For        Management

1.6   Elect Director D.A.L. Owen                For       For        Management

1.7   Elect Director B. Powell, Jr.             For       For        Management

1.8   Elect Director W.A. Reynolds              For       For        Management

1.9   Elect Director R.S. Roberts               For       For        Management

1.10  Elect Director S.C. Scott, III            For       For        Management

1.11  Elect Director W.D. Smithburg             For       For        Management

1.12  Elect Director G.F. Tilton                For       For        Management

1.13  Elect Director M.D. White                 For       For        Management

2     Ratify Auditors                           For       For        Management

3     Amend Human Rights Policy to Address      Against   Against    Shareholder

      Access to Medicines                                                      

4     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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ALLSTATE CORP., THE                                                            

Ticker:       ALL            Security ID:  020002101                           

Meeting Date: MAY 20, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director F. Duane Ackerman          For       For        Management

2     Elect Director Robert D. Beyer            For       For        Management

3     Elect Director W. James Farrell           For       For        Management

4     Elect Director Jack M. Greenberg          For       For        Management

5     Elect Director Ronald T. LeMay            For       For        Management

6     Elect Director J. Christopher Reyes       For       For        Management

7     Elect Director H. John Riley, Jr.         For       For        Management

8     Elect Director Joshua I. Smith            For       For        Management

9     Elect Director Judith A. Sprieser         For       For        Management

10    Elect Director Mary Alice Taylor          For       For        Management

11    Elect Director Thomas J. Wilson           For       For        Management

12    Ratify Auditors                           For       For        Management

13    Provide for Cumulative Voting             Against   For        Shareholder

14    Amend Articles/Bylaws/Charter -- Call     Against   For        Shareholder

      Special Meetings                                                         

15    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

AT&T INC                                                                       

Ticker:       T              Security ID:  00206R102                           

Meeting Date: APR 25, 2008   Meeting Type: Annual                              

Record Date:  FEB 27, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Randall L. Stephenson      For       For        Management

2     Elect Director William F. Aldinger III    For       For        Management

3     Elect Director Gilbert F. Amelio          For       For        Management

4     Elect Director Reuben V. Anderson         For       For        Management

5     Elect Director James H. Blanchard         For       For        Management

6     Elect Director August A. Busch III        For       For        Management

7     Elect Director James P. Kelly             For       For        Management

8     Elect Director Jon C. Madonna             For       For        Management

9     Elect Director Lynn M. Martin             For       For        Management

10    Elect Director John B. McCoy              For       For        Management

11    Elect Director Mary S. Metz               For       For        Management

12    Elect Director Joyce M. Roche             For       For        Management

13    Elect Director Laura D' Andrea Tyson      For       For        Management

14    Elect Director Patricia P. Upton          For       For        Management

15    Ratify Auditors                           For       For        Management

16    Report on Political Contributions         Against   For        Shareholder

17    Exclude Pension Credits from Earnings     Against   For        Shareholder

      Performance Measure                                                      

18    Require Independent Lead Director         Against   For        Shareholder

19    Establish SERP Policy                     Against   For        Shareholder

20    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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BAXTER INTERNATIONAL INC.                                                      

Ticker:       BAX            Security ID:  071813109                           

Meeting Date: MAY 6, 2008    Meeting Type: Annual                               

Record Date:  MAR 7, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Wayne T. Hockmeyer         For       For        Management

2     Elect Director Joseph B. Martin           For       For        Management

3     Elect Director Robert L. Parkinson        For       For        Management

4     Elect Director Thomas T. Stallkamp        For       For        Management

5     Elect Director Albert P.L. Stroucken      For       For        Management

6     Ratify Auditors                           For       For        Management

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BRISTOL-MYERS SQUIBB CO.                                                       

Ticker:       BMY            Security ID:  110122108                           

Meeting Date: MAY 6, 2008    Meeting Type: Annual                              

Record Date:  MAR 10, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Lewis B. Campbell          For       For        Management

2     Elect Director James M. Cornelius         For       For        Management

3     Elect Director Louis J. Freeh             For       For        Management

4     Elect Director Laurie H. Glimcher         For       For        Management

5     Elect Director Michael Grobstein          For       For        Management

6     Elect Director Leif Johansson             For       For        Management

7     Elect Director Alan J. Lacey              For       For        Management

8     Elect Director Vicki L. Sato              For       For        Management

9     Elect Director Togo D. West, Jr.          For       For        Management

10    Elect Director R. Sanders Williams        For       For        Management

11    Ratify Auditors                           For       For        Management

12    Increase Disclosure of Executive          Against   Against    Shareholder

      Compensation                                                             

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

CHEVRON CORPORATION                                                            

Ticker:       CVX            Security ID:  166764100                           

Meeting Date: MAY 28, 2008   Meeting Type: Annual                              

Record Date:  MAR 31, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director S. H. Armacost             For       For        Management

2     Elect Director L. F. Deily                For       For        Management

3     Elect Director R. E. Denham               For       For        Management

4     Elect Director R. J. Eaton                For       For        Management

5     Elect Director S. Ginn                    For       For        Management

6     Elect Director F. G. Jenifer              For       For        Management

7     Elect Director J. L. Jones                For       For        Management

8     Elect Director S. Nunn                    For       For        Management

9     Elect Director D. J. O'Reilly             For       For        Management

10    Elect Director D. B. Rice                 For       For        Management

11    Elect Director P. J. Robertson            For       For        Management

12    Elect Director K. W. Sharer               For       For        Management

13    Elect Director C. R. Shoemate             For       For        Management

14    Elect Director R. D. Sugar                For       For        Management

15    Elect Director C. Ware                    For       For        Management

16    Ratify Auditors                           For       For        Management

17    Increase Authorized Common Stock          For       For        Management

18    Require Independent Board Chairman        Against   Against    Shareholder

19    Adopt Human Rights Policy                 Against   For        Shareholder

20    Report on Environmental Impact of Oil     Against   For        Shareholder

      Sands Operations in Canada                                               

21    Adopt Quantitative GHG Goals for Products Against   Against    Shareholder

      and Operations                                                           

22    Adopt Guidelines for Country Selection    Against   Against    Shareholder

23    Report on Market Specific Environmental   Against   Against    Shareholder

      Laws                                                                     

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

CHUBB CORP., THE                                                               

Ticker:       CB             Security ID:  171232101                           

Meeting Date: APR 29, 2008   Meeting Type: Annual                               

Record Date:  MAR 10, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Zoe Baird                  For       For        Management

2     Elect Director Sheila P. Burke            For       For        Management

3     Elect Director James I. Cash, Jr.         For       For        Management

4     Elect Director Joel J. Cohen              For       For        Management

5     Elect Director John D. Finnegan           For       For        Management

6     Elect Director Klaus J. Mangold           For       For        Management

7     Elect Director Martin G. McGuinn          For       For        Management

8     Elect Director Lawrence M. Small          For       For        Management

9     Elect Director Jess Soderberg             For       For        Management

10    Elect Director Daniel E. Somers           For       For        Management

11    Elect Director Karen Hastie Williams      For       For        Management

12    Elect Director Alfred W. Zollar           For       For        Management

13    Ratify Auditors                           For       For        Management

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CONOCOPHILLIPS                                                                 

Ticker:       COP            Security ID:  20825C104                           

Meeting Date: MAY 14, 2008   Meeting Type: Annual                               

Record Date:  MAR 17, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Harold W. McGraw III       For       For        Management

2     Elect Director James J. Mulva             For       For        Management

3     Elect Director Bobby S. Shackouls         For       For        Management

4     Declassify the Board of Directors         For       For        Management

5     Ratify Auditors                           For       For        Management

6     Require Director Nominee Qualifications   Against   Against    Shareholder

7     Report on Indigenous Peoples Rights       Against   Against    Shareholder

      Policies                                                                 

8     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

9     Report on Political Contributions         Against   For        Shareholder

10    Adopt Greenhouse Gas Emissions Goals for  Against   For        Shareholder

      Products and Operations                                                  

11    Report on Community Environmental Impacts Against   Against    Shareholder

      of Operations                                                            

12    Report on Environmental Damage from       Against   For        Shareholder

      Drilling in the National Petroleum                                        

      Reserve                                                                  

13    Report on Environmental Impact of Oil     Against   For        Shareholder

      Sands Operations in Canada                                                

14    Report on Global Warming                  Against   Against    Shareholder

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DISCOVER FINANCIAL SERVICES                                                     

Ticker:       DFS            Security ID:  254709108                           

Meeting Date: APR 10, 2008   Meeting Type: Annual                              

Record Date:  FEB 11, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Jeffrey S. Aronin          For       For        Management

2     Elect Director Mary K. Bush               For       For        Management

3     Elect Director Gregory C. Case            For       For        Management

4     Elect Director Dennis D. Dammerman        For       For        Management

5     Elect Director Robert M. Devlin           For       For        Management

6     Elect Director Philip A. Laskawy          For       For        Management

7     Elect Director Michael H. Moskow          For       For        Management

8     Elect Director David W. Nelms             For       For        Management

9     Elect Director Michael L. Rankowitz       For       For        Management

10    Elect Director E. Follin Smith            For       For        Management

11    Elect Director Lawrence A. Weinbach       For       For        Management

12    Ratify Auditors                           For       For        Management

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E.I. DU PONT DE NEMOURS & CO.                                                  

Ticker:       DD             Security ID:  263534109                            

Meeting Date: APR 30, 2008   Meeting Type: Annual                              

Record Date:  MAR 5, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    

1.1   Elect Director Richard H. Brown           For       For        Management

1.2   Elect Director Robert A. Brown            For       For        Management

1.3   Elect Director Bertrand P. Collomb        For       For        Management

1.4   Elect Director Curtis J. Crawford         For       For        Management

1.5   Elect Director Alexander M. Cutler        For       For        Management

1.6   Elect Director John T. Dillon             For       For        Management

1.7   Elect Director Eleuthere I. du Pont       For       For        Management

1.8   Elect Director Marillyn A. Hewson         For       For        Management

1.9   Elect Director Charles O. Holliday, Jr.   For       For        Management

1.10  Elect Director Lois D. Juliber            For       For        Management

1.11  Elect Director Sean O'Keefe               For       For        Management

1.12  Elect Director William K. Reilly          For       For        Management

2     Ratify Auditors                           For       For        Management

3     Report on Plant Closures                  Against   Against    Shareholder

4     Require Independent Board Chairman        Against   For        Shareholder

5     Report on Global Warming                  Against   Against    Shareholder

6     Amend Human Rights Policies               Against   Against    Shareholder

7     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                    

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

GAP, INC., THE                                                                 

Ticker:       GPS            Security ID:  364760108                           

Meeting Date: JUN 2, 2008    Meeting Type: Annual                              

Record Date:  APR 7, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Howard P. Behar            For       For        Management

1.2   Elect Director Adrian D.P. Bellamy        For       For        Management

1.3   Elect Director Domenico De Sole           For       For        Management

1.4   Elect Director Donald G. Fisher           For       For        Management

1.5   Elect Director Doris F. Fisher            For       For        Management

1.6   Elect Director Robert J. Fisher           For       For        Management

1.7   Elect Director Penelope L. Hughes         For       For        Management

1.8   Elect Director Bob L. Martin              For       For        Management

1.9   Elect Director Jorge P. Montoya           For       For        Management

1.10  Elect Director Glenn K. Murphy            For       For        Management

1.11  Elect Director James M. Schneider         For       For        Management

1.12  Elect Director Mayo A. Shattuck, III      For       For        Management

1.13  Elect Director Kneeland C. Youngblood     For       For        Management

2     Ratify Auditors                           For       For        Management

3     Amend Qualified Employee Stock Purchase   For       For        Management

      Plan                                                                     

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

H. J. HEINZ CO.                                                                

Ticker:       HNZ            Security ID:  423074103                           

Meeting Date: AUG 15, 2007   Meeting Type: Annual                              

Record Date:  JUN 6, 2007                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director W.R. Johnson               For       For        Management

1.2   Elect Director C.E. Bunch                 For       For        Management

1.3   Elect Director L.S. Coleman, Jr.          For       For        Management

1.4   Elect Director J.G. Drosdick              For       For        Management

1.5   Elect Director E.E. Holiday               For       For        Management

1.6   Elect Director C. Kendle                  For       For        Management

1.7   Elect Director D.R. O'Hare                For       For        Management

1.8   Elect Director N. Peltz                   For       For        Management

1.9   Elect Director D.H. Reilley               For       For        Management

1.10  Elect Director L.C. Swann                 For       For        Management

1.11  Elect Director T.J. Usher                 For       For        Management

1.12  Elect Director M.F. Weinstein             For       For        Management

2     Ratify Auditors                           For       For        Management

3     Amend Nonqualified Employee Stock         For       For        Management

      Purchase Plan                                                            

4     Approve Executive Incentive Bonus Plan    For       For        Management

5     Reduce Supermajority Vote Requirement     For       For        Management

6     Reduce Supermajority Vote Requirement     For       For        Management

7     Company Specific--Provide Majority Vote   For       For        Management

      for the Election of Directors                                            

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

HARTFORD FINANCIAL SERVICES GROUP, INC., THE                                   

Ticker:       HIG            Security ID:  416515104                           

Meeting Date: MAY 21, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Ramani Ayer                For       For        Management

2     Elect Director Ramon de Oliveira          For       For        Management

3     Elect Director Trevor Fetter              For       For        Management

4     Elect Director Edward J. Kelly, III       For       For        Management

5     Elect Director Paul G. Kirk, Jr.          For       For        Management

6     Elect Director Thomas M. Marra            For       For        Management

7     Elect Director Gail J. McGovern           For       For        Management

8     Elect Director Michael G. Morris          For       For        Management

9     Elect Director Charles B. Strauss         For       For        Management

10    Elect Director H. Patrick Swygert         For       For        Management

11    Ratify Auditors                           For       For        Management

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

HUNTINGTON BANCSHARES INC.                                                     

Ticker:       HBAN           Security ID:  446150104                           

Meeting Date: APR 23, 2008   Meeting Type: Annual                              

Record Date:  FEB 20, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Don M. Casto, III          For       For        Management

1.2   Elect Director Michael J. Endres          For       For        Management

1.3   Elect Director Wm. J. Lhota               For       For        Management

1.4   Elect Director David L. Porteous          For       For        Management

2     Declassify the Board of Directors         For       For        Management

3     Ratify Auditors                           For       For        Management

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

INTEL CORP.                                                                     

Ticker:       INTC           Security ID:  458140100                           

Meeting Date: MAY 21, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Craig R. Barrett           For       For        Management

2     Elect Director Charlene Barshefsky        For       For        Management

3     Elect Director Carol A. Bartz             For       For        Management

4     Elect Director Susan L. Decker            For       For        Management

5     Elect Director Reed E. Hundt              For       For        Management

6     Elect Director Paul S. Otellini           For       For        Management

7     Elect Director James D. Plummer           For       For        Management

8     Elect Director David S. Pottruck          For       For        Management

9     Elect Director Jane E. Shaw               For       For        Management

10    Elect Director John L. Thornton           For       For        Management

11    Elect Director David B. Yoffie            For       For        Management

12    Ratify Auditors                           For       For        Management

13    Amend Bylaws to Establish a Board         Against   Against    Shareholder

      Committee on Sustainability                                              

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

INTERNATIONAL BUSINESS MACHINES CORP.                                          

Ticker:       IBM            Security ID:  459200101                           

Meeting Date: APR 29, 2008   Meeting Type: Annual                               

Record Date:  FEB 29, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director C. Black                   For       For        Management

1.2   Elect Director W.R. Brody                 For       For        Management

1.3   Elect Director K.I. Chenault              For       For        Management

1.4   Elect Director M.L. Eskew                 For       For        Management

1.5   Elect Director S.A. Jackson               For       For        Management

1.6   Elect Director L.A. Noto                  For       For        Management

1.7   Elect Director J.W. Owens                 For       For        Management

1.8   Elect Director S.J. Palmisano             For       For        Management

1.9   Elect Director J.E. Spero                 For       For        Management

1.10  Elect Director S. Taurel                  For       For        Management

1.11  Elect Director L.H. Zambrano              For       For        Management

2     Ratify Auditors                           For       For        Management

3     Restore or Provide for Cumulative Voting  Against   For        Shareholder

4     Review Executive Compensation             Against   For        Shareholder

5     Amend Bylaws to Establish a Board         Against   Against    Shareholder

      Committee on Human Rights                                                

6     Amend Bylaw -- Call Special Meetings      Against   For        Shareholder

7     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

JOHNSON & JOHNSON                                                              

Ticker:       JNJ            Security ID:  478160104                           

Meeting Date: APR 24, 2008   Meeting Type: Annual                               

Record Date:  FEB 26, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Mary Sue Coleman           For       For        Management

1.2   Elect Director James G. Cullen            For       For        Management

1.3   Elect Director Michael M.E. Johns         For       Withhold   Management

1.4   Elect Director Arnold G. Langbo           For       Withhold   Management

1.5   Elect Director Susan L. Lindquist         For       For        Management

1.6   Elect Director Leo F. Mullin              For       For        Management

1.7   Elect Director Wiliam D. Perez            For       Withhold   Management

1.8   Elect Director Christine A. Poon          For       For        Management

1.9   Elect Director Charles Prince             For       Withhold   Management

1.10  Elect Director Steven S. Reinemund        For       For        Management

1.11  Elect Director David Satcher              For       For        Management

1.12  Elect Director William C. Weldon          For       For        Management

2     Ratify Auditors                           For       For        Management

3     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

KRAFT FOODS INC                                                                 

Ticker:       KFT            Security ID:  50075N104                           

Meeting Date: MAY 13, 2008   Meeting Type: Annual                              

Record Date:  MAR 10, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Ajay Banga                 For       For        Management

1.2   Elect Director Jan Bennink                For       For        Management

1.3   Elect Director Myra M. Hart               For       For        Management

1.4   Elect Director Lois D. Juliber            For       For        Management

1.5   Elect Director  Mark D. Ketchum           For       For        Management

1.6   Elect Director Richard A. Lerner          For       For        Management

1.7   Elect Director John C. Pope               For       For        Management

1.8   Elect Director Fredric G. Reynolds        For       For        Management

1.9   Elect Director Irene B. Rosenfeld         For       For        Management

1.10  Elect Director Mary L. Schapiro           For       For        Management

1.11  Elect Director Deborah C. Wright          For       For        Management

1.12  Elect Director Frank G. Zarb              For       For        Management

2     Ratify Auditors                           For       For        Management

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

LIMITED BRANDS                                                                  

Ticker:       LTD            Security ID:  532716107                           

Meeting Date: MAY 19, 2008   Meeting Type: Annual                              

Record Date:  MAR 26, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Donna A. James             For       Withhold   Management

1.2   Elect Director Jeffrey H. Miro            For       Withhold   Management

1.3   Elect Director Jeffrey B. Swartz          For       Withhold   Management

1.4   Elect Director Raymond Zimmerman          For       Withhold   Management

2     Ratify Auditors                           For       For        Management

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

MATTEL, INC.                                                                   

Ticker:       MAT            Security ID:  577081102                           

Meeting Date: MAY 29, 2008   Meeting Type: Annual                              

Record Date:  APR 4, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Michael J. Dolan           For       For        Management

2     Elect Director Robert A. Eckert           For       For        Management

3     Elect Director Frances D. Fergusson       For       For        Management

4     Elect Director Tully M. Friedman          For       For        Management

5     Elect Director Dominic Ng                 For       For        Management

6     Elect Director Vasant M. Prabhu           For       For        Management

7     Elect Director Andrea L. Rich             For       For        Management

8     Elect Director Ronald L. Sargent          For       For        Management

9     Elect Director Dean A. Scarborough        For       For        Management

10    Elect Director Christopher A. Sinclair    For       For        Management

11    Elect Director G. Craig Sullivan          For       For        Management

12    Elect Director Kathy Brittain White       For       For        Management

13    Ratify Auditors                           For       For        Management

14    Report on Product Safety and Working      Against   Against    Shareholder

      Conditions                                                               

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

MORGAN STANLEY                                                                  

Ticker:       MS             Security ID:  617446448                           

Meeting Date: APR 8, 2008    Meeting Type: Annual                              

Record Date:  FEB 8, 2008                                                       

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Roy J. Bostock             For       For        Management

2     Elect Director Erskine B. Bowles          For       For        Management

3     Elect Director Howard J. Davies           For       For        Management

4     Elect Director C. Robert Kidder           For       For        Management

5     Elect Director John J. Mack               For       For        Management

6     Elect Director Donald T. Nicolaisen       For       For        Management

7     Elect Director Charles H. Noski           For       For        Management

8     Elect Director Hutham S. Olayan           For       For        Management

9     Elect Director Charles E. Phillips, Jr.   For       For        Management

10    Elect Director Griffith Sexton            For       For        Management

11    Elect Director Laura D. Tyson             For       For        Management

12    Ratify Auditors                           For       For        Management

13    Eliminate Supermajority Vote Requirement  For       For        Management

14    Approve Report of the Compensation        Against   For        Shareholder

      Committee                                                                

15    Report on Human Rights Investment         Against   Against    Shareholder

      Policies                                                                 

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MOTOROLA, INC.                                                                 

Ticker:       MOT            Security ID:  620076109                           

Meeting Date: MAY 5, 2008    Meeting Type: Annual                              

Record Date:  MAR 14, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director G. Brown                   For       For        Management

1.2   Elect Director D. Dorman                  For       For        Management

1.3   Elect Director W. Hambrecht               For       For        Management

1.4   Elect Director J. Lewent                  For       For        Management

1.5   Elect Director K. Meister                 For       For        Management

1.6   Elect Director T. Meredith                For       For        Management

1.7   Elect Director N. Negroponte              For       For        Management

1.8   Elect Director S. Scott III               For       For        Management

1.9   Elect Director R. Sommer                  For       For        Management

1.10  Elect Director J. Stengel                 For       For        Management

1.11  Elect Director A. Vinciquerra             For       For        Management

1.12  Elect Director D. Warner III              For       For        Management

1.13  Elect Director J. White                   For       For        Management

1.14  Elect Director M. White                   For       For        Management

2     Ratify Auditors                           For       For        Management

3     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                    

4     Claw-back of Payments under Restatements  Against   Against    Shareholder

5     Amend Human Rights Policies               Against   Against    Shareholder

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PFIZER INC.                                                                    

Ticker:       PFE            Security ID:  717081103                           

Meeting Date: APR 24, 2008   Meeting Type: Annual                               

Record Date:  FEB 28, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Dennis A. Ausiello         For       For        Management

2     Elect Director Michael S. Brown           For       For        Management

3     Elect Director M. Anthony Burns           For       For        Management

4     Elect Director Robert N. Burt             For       For        Management

5     Elect Director W. Don Cornwell            For       For        Management

6     Elect Director William H. Gray, III       For       For        Management

7     Elect Director Constance J. Horner        For       For        Management

8     Elect Director William R. Howell          For       For        Management

9     Elect Director James M. Kilts             For       For        Management

10    Elect Director Jeffrey B. Kindler         For       For        Management

11    Elect Director George A. Lorch            For       For        Management

12    Elect Director Dana G. Mead               For       For        Management

13    Elect Director Suzanne Nora Johnson       For       For        Management

14    Elect Director William C. Steere, Jr.     For       For        Management

15    Ratify Auditors                           For       For        Management

16    Prohibit Executive Stock-Based Awards     Against   Against    Shareholder

17    Require Independent Board Chairman        Against   For        Shareholder

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PROGRESS ENERGY, INC.                                                          

Ticker:       PGN            Security ID:  743263105                            

Meeting Date: MAY 14, 2008   Meeting Type: Annual                              

Record Date:  MAR 7, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director James E. Bostic            For       For        Management

2     Elect Director David L. Burner            For       For        Management

3     Elect Director Harris E. DeLoach, Jr.     For       For        Management

4     Elect Director William D. Johnson         For       For        Management

5     Elect Director Robert W. Jones            For       For        Management

6     Elect Director W. Steven Jones            For       For        Management

7     Elect Director E. Marie McKee             For       For        Management

8     Elect Director John H. Mullin, III        For       For        Management

9     Elect Director Charles W. Pryor, Jr.      For       For        Management

10    Elect Director Carlos A. Saladrigas       For       For        Management

11    Elect Director Theresa M. Stone           For       For        Management

12    Elect Director Alfred C. Tollison, Jr.    For       For        Management

13    Ratify Auditors                           For       For        Management

14    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

R. R. DONNELLEY & SONS CO.                                                     

Ticker:       RRD            Security ID:  257867101                           

Meeting Date: MAY 28, 2008   Meeting Type: Annual                               

Record Date:  APR 2, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Thomas J. Quinlan, III     For       For        Management

2     Elect Director Stephen M. Wolf            For       For        Management

3     Elect Director Lee A. Chaden              For       For        Management

4     Elect Director E.V. (Rick) Goings         For       For        Management

5     Elect Director Judith H. Hamilton         For       For        Management

6     Elect Director Thomas S. Johnson          For       For        Management

7     Elect Director John C. Pope               For       For        Management

8     Elect Director Michael T. Riordan         For       For        Management

9     Elect Director Oliver R. Sockwell         For       For        Management

10    Ratify Auditors                           For       For        Management

11    Amend Omnibus Stock Plan                  For       For        Management

12    Report on Sustainable Forestry            Against   Against    Shareholder

13    Amend Articles/Bylaws/Charter -- Call     Against   For        Shareholder

      Special Meetings                                                          

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SAFEWAY INC.                                                                   

Ticker:       SWY            Security ID:  786514208                            

Meeting Date: MAY 14, 2008   Meeting Type: Annual                              

Record Date:  MAR 17, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Steven A. Burd             For       For        Management

2     Elect Director Janet E. Grove             For       For        Management

3     Elect Director Mohan Gyani                For       For        Management

4     Elect Director Paul Hazen                 For       For        Management

5     Elect Director Frank C. Herringer         For       For        Management

6     Elect Director Robert I. MacDonnell       For       For        Management

7     Elect Director Douglas J. MacKenzie       For       For        Management

8     Elect Director Kenneth W. Oder            For       For        Management

9     Elect Director Rebecca A. Stirn           For       For        Management

10    Elect Director William Y. Tauscher        For       For        Management

11    Elect Director Raymond G. Viault          For       For        Management

12    Ratify Auditors                           For       For        Management

13    Provide for Cumulative Voting             Against   For        Shareholder

14    Submit SERP to Shareholder Vote           Against   For        Shareholder

15    Adopt Policy on 10b5-1 Plans              Against   For        Shareholder

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

VERIZON COMMUNICATIONS                                                         

Ticker:       VZ             Security ID:  92343V104                           

Meeting Date: MAY 1, 2008    Meeting Type: Annual                               

Record Date:  MAR 3, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Richard L. Carrion         For       For        Management

2     Elect Director M. Frances Keeth           For       For        Management

3     Elect Director Robert W. Lane             For       For        Management

4     Elect Director Sandra O. Moose            For       For        Management

5     Elect Director Joseph Neubauer            For       For        Management

6     Elect Director Donald T. Nicolaisen       For       For        Management

7     Elect Director Thomas H. O'Brien          For       For        Management

8     Elect Director Clarence Otis, Jr.         For       For        Management

9     Elect Director Hugh B. Price              For       For        Management

10    Elect Director Ivan G. Seidenberg         For       For        Management

11    Elect Director John W. Snow               For       For        Management

12    Elect Director John R. Stafford           For       For        Management

13    Ratify Auditors                           For       For        Management

14    Prohibit Executive Stock-Based Awards     Against   Against    Shareholder

15    Amend EEO Policy to Prohibit              Against   Against    Shareholder

      Discrimination based on Gender Identity                                  

16    Require Independent Board Chairman        Against   Against    Shareholder

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

WACHOVIA CORP.                                                                 

Ticker:       WB             Security ID:  929903102                            

Meeting Date: APR 22, 2008   Meeting Type: Annual                              

Record Date:  FEB 14, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    

1     Elect Director John D. Baker, II          For       For        Management

2     Elect Director Peter C. Browning          For       For        Management

3     Elect Director John T. Casteen, III       For       For        Management

4     Elect Director Jerry Gitt                 For       For        Management

5     Elect Director William H. Goodwin, Jr.    For       For        Management

6     Elect Director Maryellen C. Herringer     For       For        Management

7     Elect Director Robert A. Ingram           For       For        Management

8     Elect Director Donald M. James            For       For        Management

9     Elect Director Mackey J. McDonald         For       For        Management

10    Elect Director Joseph Neubauer            For       For        Management

11    Elect Director Timothy D. Proctor         For       For        Management

12    Elect Director Ernest S. Rady             For       For        Management

13    Elect Director Van L. Richey              For       For        Management

14    Elect Director Ruth G. Shaw               For       For        Management

15    Elect Director Lanty L. Smith             For       For        Management

16    Elect Director G. Kennedy Thompson        For       For        Management

17    Elect Director Dona Davis Young           For       For        Management

18    Ratify Auditors                           For       For        Management

19    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

20    Report on Political Contributions         Against   For        Shareholder

21    Require Two Candidates for Each Board     Against   Against    Shareholder

      Seat                                                                     

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WASTE MANAGEMENT, INC.                                                         

Ticker:       WMI            Security ID:  94106L109                           

Meeting Date: MAY 9, 2008    Meeting Type: Annual                              

Record Date:  MAR 12, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Pastora San Juan Cafferty  For       For        Management

2     Elect Director Frank M. Clark, Jr.        For       For        Management

3     Elect Director Patrick W. Gross           For       For        Management

4     Elect Director Thomas I. Morgan           For       For        Management

5     Elect Director John C. Pope               For       For        Management

6     Elect Director W. Robert Reum             For       For        Management

7     Elect Director Steven G. Rothmeier        For       For        Management

8     Elect Director David P. Steiner           For       For        Management

9     Elect Director Thomas H. Weidemeyer       For       For        Management

10    Ratify Auditors                           For       For        Management

11    Repot on Political Contributions          Against   For        Shareholder

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WYETH                                                                          

Ticker:       WYE            Security ID:  983024100                           

Meeting Date: APR 24, 2008   Meeting Type: Annual                              

Record Date:  MAR 3, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Robert M. Amen             For       For        Management

2     Elect Director Michael J. Critelli        For       For        Management

3     Elect Director Robert Essner              For       For        Management

4     Elect Director John D. Feerick            For       For        Management

5     Elect Director Frances D. Fergusson       For       For        Management

6     Elect Director Victor F. Ganzi            For       For        Management

7     Elect Director Robert Langer              For       For        Management

8     Elect Director John P. Mascotte           For       For        Management

9     Elect Director Raymond J. McGuire         For       For        Management

10    Elect Director Mary Lake Polan            For       For        Management

11    Elect Director Bernard Poussot            For       For        Management

12    Elect Director Gary L. Rogers             For       For        Management

13    Elect Director John R. Torell III         For       For        Management

14    Ratify Auditors                           For       For        Management

15    Amend Omnibus Stock Plan                  For       For        Management

16    Amend Non-Employee Director Restricted    For       For        Management

      Stock Plan                                                               

17    Report on Political Contributions         Against   For        Shareholder

18    Claw-back of Payments under Restatements  Against   Against    Shareholder

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XEROX CORP.                                                                     

Ticker:       XRX            Security ID:  984121103                           

Meeting Date: MAY 22, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Glenn A. Britt             For       For        Management

1.2   Elect Director Ursula M. Burns            For       For        Management

1.3   Elect Director Richard J. Harrington      For       For        Management

1.4   Elect Director William Curt Hunter        For       For        Management

1.5   Elect Director Vernon E. Jordan, Jr.      For       For        Management

1.6   Elect Director Robert A. McDonald         For       For        Management

1.7   Elect Director Anne M. Mulcahy            For       For        Management

1.8   Elect Director N. J. Nicholas, Jr.        For       For        Management

1.9   Elect Director Ann N. Reese               For       For        Management

1.10  Elect Director Mary Agnes Wilderotter     For       For        Management

2     Ratify Auditors                           For       For        Management

3     Adopt Majority Voting for Uncontested     For       For        Management

      Election of Directors                                                    

4     Report on Vendor Human Rights Standards   Against   Against    Shareholder

============================= DELAWARE VALUE FUND ==============================

ABBOTT LABORATORIES                                                            

Ticker:       ABT            Security ID:  002824100                           

Meeting Date: APR 25, 2008   Meeting Type: Annual                              

Record Date:  FEB 26, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director R.S. Austin                For       For        Management

1.2   Elect Director W.M. Daley                 For       For        Management

1.3   Elect Director W.J. Farrell               For       For        Management

1.4   Elect Director H.L. Fuller                For       For        Management

1.5   Elect Director W.A. Osborn                For       For        Management

1.6   Elect Director D.A.L. Owen                For       For        Management

1.7   Elect Director B. Powell, Jr.             For       For        Management

1.8   Elect Director W.A. Reynolds              For       For        Management

1.9   Elect Director R.S. Roberts               For       For        Management

1.10  Elect Director S.C. Scott, III            For       For        Management

1.11  Elect Director W.D. Smithburg             For       For        Management

1.12  Elect Director G.F. Tilton                For       For        Management

1.13  Elect Director M.D. White                 For       For        Management

2     Ratify Auditors                           For       For        Management

3     Amend Human Rights Policy to Address      Against   Against    Shareholder

      Access to Medicines                                                      

4     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

ALLSTATE CORP., THE                                                             

Ticker:       ALL            Security ID:  020002101                           

Meeting Date: MAY 20, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director F. Duane Ackerman          For       For        Management

2     Elect Director Robert D. Beyer            For       For        Management

3     Elect Director W. James Farrell           For       For        Management

4     Elect Director Jack M. Greenberg          For       For        Management

5     Elect Director Ronald T. LeMay            For       For        Management

6     Elect Director J. Christopher Reyes       For       For        Management

7     Elect Director H. John Riley, Jr.         For       For        Management

8     Elect Director Joshua I. Smith            For       For        Management

9     Elect Director Judith A. Sprieser         For       For        Management

10    Elect Director Mary Alice Taylor          For       For        Management

11    Elect Director Thomas J. Wilson           For       For        Management

12    Ratify Auditors                           For       For        Management

13    Provide for Cumulative Voting             Against   For        Shareholder

14    Amend Articles/Bylaws/Charter -- Call     Against   For        Shareholder

      Special Meetings                                                         

15    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

AT&T INC                                                                       

Ticker:       T              Security ID:  00206R102                           

Meeting Date: APR 25, 2008   Meeting Type: Annual                              

Record Date:  FEB 27, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Randall L. Stephenson      For       For        Management

2     Elect Director William F. Aldinger III    For       For        Management

3     Elect Director Gilbert F. Amelio          For       For        Management

4     Elect Director Reuben V. Anderson         For       For        Management

5     Elect Director James H. Blanchard         For       For        Management

6     Elect Director August A. Busch III        For       For        Management

7     Elect Director James P. Kelly             For       For        Management

8     Elect Director Jon C. Madonna             For       For        Management

9     Elect Director Lynn M. Martin             For       For        Management

10    Elect Director John B. McCoy              For       For        Management

11    Elect Director Mary S. Metz               For       For        Management

12    Elect Director Joyce M. Roche             For       For        Management

13    Elect Director Laura D' Andrea Tyson      For       For        Management

14    Elect Director Patricia P. Upton          For       For        Management

15    Ratify Auditors                           For       For        Management

16    Report on Political Contributions         Against   For        Shareholder

17    Exclude Pension Credits from Earnings     Against   For        Shareholder

      Performance Measure                                                      

18    Require Independent Lead Director         Against   For        Shareholder

19    Establish SERP Policy                     Against   For        Shareholder

20    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

BAXTER INTERNATIONAL INC.                                                      

Ticker:       BAX            Security ID:  071813109                           

Meeting Date: MAY 6, 2008    Meeting Type: Annual                               

Record Date:  MAR 7, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Wayne T. Hockmeyer         For       For        Management

2     Elect Director Joseph B. Martin           For       For        Management

3     Elect Director Robert L. Parkinson        For       For        Management

4     Elect Director Thomas T. Stallkamp        For       For        Management

5     Elect Director Albert P.L. Stroucken      For       For        Management

6     Ratify Auditors                           For       For        Management

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

BRISTOL-MYERS SQUIBB CO.                                                       

Ticker:       BMY            Security ID:  110122108                           

Meeting Date: MAY 6, 2008    Meeting Type: Annual                              

Record Date:  MAR 10, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Lewis B. Campbell          For       For        Management

2     Elect Director James M. Cornelius         For       For        Management

3     Elect Director Louis J. Freeh             For       For        Management

4     Elect Director Laurie H. Glimcher         For       For        Management

5     Elect Director Michael Grobstein          For       For        Management

6     Elect Director Leif Johansson             For       For        Management

7     Elect Director Alan J. Lacey              For       For        Management

8     Elect Director Vicki L. Sato              For       For        Management

9     Elect Director Togo D. West, Jr.          For       For        Management

10    Elect Director R. Sanders Williams        For       For        Management

11    Ratify Auditors                           For       For        Management

12    Increase Disclosure of Executive          Against   Against    Shareholder

      Compensation                                                             

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

CHEVRON CORPORATION                                                            

Ticker:       CVX            Security ID:  166764100                           

Meeting Date: MAY 28, 2008   Meeting Type: Annual                              

Record Date:  MAR 31, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director S. H. Armacost             For       For        Management

2     Elect Director L. F. Deily                For       For        Management

3     Elect Director R. E. Denham               For       For        Management

4     Elect Director R. J. Eaton                For       For        Management

5     Elect Director S. Ginn                    For       For        Management

6     Elect Director F. G. Jenifer              For       For        Management

7     Elect Director J. L. Jones                For       For        Management

8     Elect Director S. Nunn                    For       For        Management

9     Elect Director D. J. O'Reilly             For       For        Management

10    Elect Director D. B. Rice                 For       For        Management

11    Elect Director P. J. Robertson            For       For        Management

12    Elect Director K. W. Sharer               For       For        Management

13    Elect Director C. R. Shoemate             For       For        Management

14    Elect Director R. D. Sugar                For       For        Management

15    Elect Director C. Ware                    For       For        Management

16    Ratify Auditors                           For       For        Management

17    Increase Authorized Common Stock          For       For        Management

18    Require Independent Board Chairman        Against   Against    Shareholder

19    Adopt Human Rights Policy                 Against   For        Shareholder

20    Report on Environmental Impact of Oil     Against   For        Shareholder

      Sands Operations in Canada                                                

21    Adopt Quantitative GHG Goals for Products Against   Against    Shareholder

      and Operations                                                           

22    Adopt Guidelines for Country Selection    Against   Against    Shareholder

23    Report on Market Specific Environmental   Against   Against    Shareholder

      Laws                                                                     

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

CHUBB CORP., THE                                                               

Ticker:       CB             Security ID:  171232101                           

Meeting Date: APR 29, 2008   Meeting Type: Annual                               

Record Date:  MAR 10, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Zoe Baird                  For       For        Management

2     Elect Director Sheila P. Burke            For       For        Management

3     Elect Director James I. Cash, Jr.         For       For        Management

4     Elect Director Joel J. Cohen              For       For        Management

5     Elect Director John D. Finnegan           For       For        Management

6     Elect Director Klaus J. Mangold           For       For        Management

7     Elect Director Martin G. McGuinn          For       For        Management

8     Elect Director Lawrence M. Small          For       For        Management

9     Elect Director Jess Soderberg             For       For        Management

10    Elect Director Daniel E. Somers           For       For        Management

11    Elect Director Karen Hastie Williams      For       For        Management

12    Elect Director Alfred W. Zollar           For       For        Management

13    Ratify Auditors                           For       For        Management

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

CONOCOPHILLIPS                                                                 

Ticker:       COP            Security ID:  20825C104                           

Meeting Date: MAY 14, 2008   Meeting Type: Annual                               

Record Date:  MAR 17, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Harold W. McGraw III       For       For        Management

2     Elect Director James J. Mulva             For       For        Management

3     Elect Director Bobby S. Shackouls         For       For        Management

4     Declassify the Board of Directors         For       For        Management

5     Ratify Auditors                           For       For        Management

6     Require Director Nominee Qualifications   Against   Against    Shareholder

7     Report on Indigenous Peoples Rights       Against   Against    Shareholder

      Policies                                                                  

8     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

9     Report on Political Contributions         Against   For        Shareholder

10    Adopt Greenhouse Gas Emissions Goals for  Against   For        Shareholder

      Products and Operations                                                  

11    Report on Community Environmental Impacts Against   Against    Shareholder

      of Operations                                                            

12    Report on Environmental Damage from       Against   For        Shareholder

      Drilling in the National Petroleum                                        

      Reserve                                                                  

13    Report on Environmental Impact of Oil     Against   For        Shareholder

      Sands Operations in Canada                                                

14    Report on Global Warming                  Against   Against    Shareholder

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

DISCOVER FINANCIAL SERVICES                                                    

Ticker:       DFS            Security ID:  254709108                           

Meeting Date: APR 10, 2008   Meeting Type: Annual                              

Record Date:  FEB 11, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Jeffrey S. Aronin          For       For        Management

2     Elect Director Mary K. Bush               For       For        Management

3     Elect Director Gregory C. Case            For       For        Management

4     Elect Director Dennis D. Dammerman        For       For        Management

5     Elect Director Robert M. Devlin           For       For        Management

6     Elect Director Philip A. Laskawy          For       For        Management

7     Elect Director Michael H. Moskow          For       For        Management

8     Elect Director David W. Nelms             For       For        Management

9     Elect Director Michael L. Rankowitz       For       For        Management

10    Elect Director E. Follin Smith            For       For        Management

11    Elect Director Lawrence A. Weinbach       For       For        Management

12    Ratify Auditors                           For       For        Management

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

E.I. DU PONT DE NEMOURS & CO.                                                  

Ticker:       DD             Security ID:  263534109                            

Meeting Date: APR 30, 2008   Meeting Type: Annual                              

Record Date:  MAR 5, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Richard H. Brown           For       For        Management

1.2   Elect Director Robert A. Brown            For       For        Management

1.3   Elect Director Bertrand P. Collomb        For       For        Management

1.4   Elect Director Curtis J. Crawford         For       For        Management

1.5   Elect Director Alexander M. Cutler        For       For        Management

1.6   Elect Director John T. Dillon             For       For        Management

1.7   Elect Director Eleuthere I. du Pont       For       For        Management

1.8   Elect Director Marillyn A. Hewson         For       For        Management

1.9   Elect Director Charles O. Holliday, Jr.   For       For        Management

1.10  Elect Director Lois D. Juliber            For       For        Management

1.11  Elect Director Sean O'Keefe               For       For        Management

1.12  Elect Director William K. Reilly          For       For        Management

2     Ratify Auditors                           For       For        Management

3     Report on Plant Closures                  Against   Against    Shareholder

4     Require Independent Board Chairman        Against   For        Shareholder

5     Report on Global Warming                  Against   Against    Shareholder

6     Amend Human Rights Policies               Against   Against    Shareholder

7     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

GAP, INC., THE                                                                 

Ticker:       GPS            Security ID:  364760108                           

Meeting Date: JUN 2, 2008    Meeting Type: Annual                              

Record Date:  APR 7, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Howard P. Behar            For       For        Management

1.2   Elect Director Adrian D.P. Bellamy        For       For        Management

1.3   Elect Director Domenico De Sole           For       For        Management

1.4   Elect Director Donald G. Fisher           For       For        Management

1.5   Elect Director Doris F. Fisher            For       For        Management

1.6   Elect Director Robert J. Fisher           For       For        Management

1.7   Elect Director Penelope L. Hughes         For       For        Management

1.8   Elect Director Bob L. Martin              For       For        Management

1.9   Elect Director Jorge P. Montoya           For       For        Management

1.10  Elect Director Glenn K. Murphy            For       For        Management

1.11  Elect Director James M. Schneider         For       For        Management

1.12  Elect Director Mayo A. Shattuck, III      For       For        Management

1.13  Elect Director Kneeland C. Youngblood     For       For        Management

2     Ratify Auditors                           For       For        Management

3     Amend Qualified Employee Stock Purchase   For       For        Management

      Plan                                                                     

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

H. J. HEINZ CO.                                                                

Ticker:       HNZ            Security ID:  423074103                           

Meeting Date: AUG 15, 2007   Meeting Type: Annual                              

Record Date:  JUN 6, 2007                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director W.R. Johnson               For       For        Management

1.2   Elect Director C.E. Bunch                 For       For        Management

1.3   Elect Director L.S. Coleman, Jr.          For       For        Management

1.4   Elect Director J.G. Drosdick              For       For        Management

1.5   Elect Director E.E. Holiday               For       For        Management

1.6   Elect Director C. Kendle                  For       For        Management

1.7   Elect Director D.R. O'Hare                For       For        Management

1.8   Elect Director N. Peltz                   For       For        Management

1.9   Elect Director D.H. Reilley               For       For        Management

1.10  Elect Director L.C. Swann                 For       For        Management

1.11  Elect Director T.J. Usher                 For       For        Management

1.12  Elect Director M.F. Weinstein             For       For        Management

2     Ratify Auditors                           For       For        Management

3     Amend Nonqualified Employee Stock         For       For        Management

      Purchase Plan                                                            

4     Approve Executive Incentive Bonus Plan    For       For        Management

5     Reduce Supermajority Vote Requirement     For       For        Management

6     Reduce Supermajority Vote Requirement     For       For        Management

7     Company Specific--Provide Majority Vote   For       For        Management

      for the Election of Directors                                            

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

HARTFORD FINANCIAL SERVICES GROUP, INC., THE                                   

Ticker:       HIG            Security ID:  416515104                           

Meeting Date: MAY 21, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Ramani Ayer                For       For        Management

2     Elect Director Ramon de Oliveira          For       For        Management

3     Elect Director Trevor Fetter              For       For        Management

4     Elect Director Edward J. Kelly, III       For       For        Management

5     Elect Director Paul G. Kirk, Jr.          For       For        Management

6     Elect Director Thomas M. Marra            For       For        Management

7     Elect Director Gail J. McGovern           For       For        Management

8     Elect Director Michael G. Morris          For       For        Management

9     Elect Director Charles B. Strauss         For       For        Management

10    Elect Director H. Patrick Swygert         For       For        Management

11    Ratify Auditors                           For       For        Management

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

HUNTINGTON BANCSHARES INC.                                                     

Ticker:       HBAN           Security ID:  446150104                           

Meeting Date: APR 23, 2008   Meeting Type: Annual                              

Record Date:  FEB 20, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Don M. Casto, III          For       For        Management

1.2   Elect Director Michael J. Endres          For       For        Management

1.3   Elect Director Wm. J. Lhota               For       For        Management

1.4   Elect Director David L. Porteous          For       For        Management

2     Declassify the Board of Directors         For       For        Management

3     Ratify Auditors                           For       For        Management

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

INTEL CORP.                                                                     

Ticker:       INTC           Security ID:  458140100                           

Meeting Date: MAY 21, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Craig R. Barrett           For       For        Management

2     Elect Director Charlene Barshefsky        For       For        Management

3     Elect Director Carol A. Bartz             For       For        Management

4     Elect Director Susan L. Decker            For       For        Management

5     Elect Director Reed E. Hundt              For       For        Management

6     Elect Director Paul S. Otellini           For       For        Management

7     Elect Director James D. Plummer           For       For        Management

8     Elect Director David S. Pottruck          For       For        Management

9     Elect Director Jane E. Shaw               For       For        Management

10    Elect Director John L. Thornton           For       For        Management

11    Elect Director David B. Yoffie            For       For        Management

12    Ratify Auditors                           For       For        Management

13    Amend Bylaws to Establish a Board         Against   Against    Shareholder

      Committee on Sustainability                                              

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

INTERNATIONAL BUSINESS MACHINES CORP.                                          

Ticker:       IBM            Security ID:  459200101                           

Meeting Date: APR 29, 2008   Meeting Type: Annual                               

Record Date:  FEB 29, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director C. Black                   For       For        Management

1.2   Elect Director W.R. Brody                 For       For        Management

1.3   Elect Director K.I. Chenault              For       For        Management

1.4   Elect Director M.L. Eskew                 For       For        Management

1.5   Elect Director S.A. Jackson               For       For        Management

1.6   Elect Director L.A. Noto                  For       For        Management

1.7   Elect Director J.W. Owens                 For       For        Management

1.8   Elect Director S.J. Palmisano             For       For        Management

1.9   Elect Director J.E. Spero                 For       For        Management

1.10  Elect Director S. Taurel                  For       For        Management

1.11  Elect Director L.H. Zambrano              For       For        Management

2     Ratify Auditors                           For       For        Management

3     Restore or Provide for Cumulative Voting  Against   For        Shareholder

4     Review Executive Compensation             Against   For        Shareholder

5     Amend Bylaws to Establish a Board         Against   Against    Shareholder

      Committee on Human Rights                                                

6     Amend Bylaw -- Call Special Meetings      Against   For        Shareholder

7     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

JOHNSON & JOHNSON                                                              

Ticker:       JNJ            Security ID:  478160104                           

Meeting Date: APR 24, 2008   Meeting Type: Annual                              

Record Date:  FEB 26, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Mary Sue Coleman           For       For        Management

1.2   Elect Director James G. Cullen            For       For        Management

1.3   Elect Director Michael M.E. Johns         For       Withhold   Management

1.4   Elect Director Arnold G. Langbo           For       Withhold   Management

1.5   Elect Director Susan L. Lindquist         For       For        Management

1.6   Elect Director Leo F. Mullin              For       For        Management

1.7   Elect Director Wiliam D. Perez            For       Withhold   Management

1.8   Elect Director Christine A. Poon          For       For        Management

1.9   Elect Director Charles Prince             For       Withhold   Management

1.10  Elect Director Steven S. Reinemund        For       For        Management

1.11  Elect Director David Satcher              For       For        Management

1.12  Elect Director William C. Weldon          For       For        Management

2     Ratify Auditors                           For       For        Management

3     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

KRAFT FOODS INC                                                                 

Ticker:       KFT            Security ID:  50075N104                           

Meeting Date: MAY 13, 2008   Meeting Type: Annual                              

Record Date:  MAR 10, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Ajay Banga                 For       For        Management

1.2   Elect Director Jan Bennink                For       For        Management

1.3   Elect Director Myra M. Hart               For       For        Management

1.4   Elect Director Lois D. Juliber            For       For        Management

1.5   Elect Director  Mark D. Ketchum           For       For        Management

1.6   Elect Director Richard A. Lerner          For       For        Management

1.7   Elect Director John C. Pope               For       For        Management

1.8   Elect Director Fredric G. Reynolds        For       For        Management

1.9   Elect Director Irene B. Rosenfeld         For       For        Management

1.10  Elect Director Mary L. Schapiro           For       For        Management

1.11  Elect Director Deborah C. Wright          For       For        Management

1.12  Elect Director Frank G. Zarb              For       For        Management

2     Ratify Auditors                           For       For        Management

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

LIMITED BRANDS                                                                  

Ticker:       LTD            Security ID:  532716107                           

Meeting Date: MAY 19, 2008   Meeting Type: Annual                              

Record Date:  MAR 26, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Donna A. James             For       Withhold   Management

1.2   Elect Director Jeffrey H. Miro            For       Withhold   Management

1.3   Elect Director Jeffrey B. Swartz          For       Withhold   Management

1.4   Elect Director Raymond Zimmerman          For       Withhold   Management

2     Ratify Auditors                           For       For        Management

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

MATTEL, INC.                                                                   

Ticker:       MAT            Security ID:  577081102                           

Meeting Date: MAY 29, 2008   Meeting Type: Annual                              

Record Date:  APR 4, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Michael J. Dolan           For       For        Management

2     Elect Director Robert A. Eckert           For       For        Management

3     Elect Director Frances D. Fergusson       For       For        Management

4     Elect Director Tully M. Friedman          For       For        Management

5     Elect Director Dominic Ng                 For       For        Management

6     Elect Director Vasant M. Prabhu           For       For        Management

7     Elect Director Andrea L. Rich             For       For        Management

8     Elect Director Ronald L. Sargent          For       For        Management

9     Elect Director Dean A. Scarborough        For       For        Management

10    Elect Director Christopher A. Sinclair    For       For        Management

11    Elect Director G. Craig Sullivan          For       For        Management

12    Elect Director Kathy Brittain White       For       For        Management

13    Ratify Auditors                           For       For        Management

14    Report on Product Safety and Working      Against   Against    Shareholder

      Conditions                                                               

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

MORGAN STANLEY                                                                  

Ticker:       MS             Security ID:  617446448                           

Meeting Date: APR 8, 2008    Meeting Type: Annual                              

Record Date:  FEB 8, 2008                                                       

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Roy J. Bostock             For       For        Management

2     Elect Director Erskine B. Bowles          For       For        Management

3     Elect Director Howard J. Davies           For       For        Management

4     Elect Director C. Robert Kidder           For       For        Management

5     Elect Director John J. Mack               For       For        Management

6     Elect Director Donald T. Nicolaisen       For       For        Management

7     Elect Director Charles H. Noski           For       For        Management

8     Elect Director Hutham S. Olayan           For       For        Management

9     Elect Director Charles E. Phillips, Jr.   For       For        Management

10    Elect Director Griffith Sexton            For       For        Management

11    Elect Director Laura D. Tyson             For       For        Management

12    Ratify Auditors                           For       For        Management

13    Eliminate Supermajority Vote Requirement  For       For        Management

14    Approve Report of the Compensation        Against   For        Shareholder

      Committee                                                                 

15    Report on Human Rights Investment         Against   Against    Shareholder

      Policies                                                                 

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

MOTOROLA, INC.                                                                 

Ticker:       MOT            Security ID:  620076109                           

Meeting Date: MAY 5, 2008    Meeting Type: Annual                              

Record Date:  MAR 14, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director G. Brown                   For       For        Management

1.2   Elect Director D. Dorman                  For       For        Management

1.3   Elect Director W. Hambrecht               For       For        Management

1.4   Elect Director J. Lewent                  For       For        Management

1.5   Elect Director K. Meister                 For       For        Management

1.6   Elect Director T. Meredith                For       For        Management

1.7   Elect Director N. Negroponte              For       For        Management

1.8   Elect Director S. Scott III               For       For        Management

1.9   Elect Director R. Sommer                  For       For        Management

1.10  Elect Director J. Stengel                 For       For        Management

1.11  Elect Director A. Vinciquerra             For       For        Management

1.12  Elect Director D. Warner III              For       For        Management

1.13  Elect Director J. White                   For       For        Management

1.14  Elect Director M. White                   For       For        Management

2     Ratify Auditors                           For       For        Management

3     Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                    

4     Claw-back of Payments under Restatements  Against   Against    Shareholder

5     Amend Human Rights Policies               Against   Against    Shareholder

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

PFIZER INC.                                                                    

Ticker:       PFE            Security ID:  717081103                           

Meeting Date: APR 24, 2008   Meeting Type: Annual                               

Record Date:  FEB 28, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Dennis A. Ausiello         For       For        Management

2     Elect Director Michael S. Brown           For       For        Management

3     Elect Director M. Anthony Burns           For       For        Management

4     Elect Director Robert N. Burt             For       For        Management

5     Elect Director W. Don Cornwell            For       For        Management

6     Elect Director William H. Gray, III       For       For        Management

7     Elect Director Constance J. Horner        For       For        Management

8     Elect Director William R. Howell          For       For        Management

9     Elect Director James M. Kilts             For       For        Management

10    Elect Director Jeffrey B. Kindler         For       For        Management

11    Elect Director George A. Lorch            For       For        Management

12    Elect Director Dana G. Mead               For       For        Management

13    Elect Director Suzanne Nora Johnson       For       For        Management

14    Elect Director William C. Steere, Jr.     For       For        Management

15    Ratify Auditors                           For       For        Management

16    Prohibit Executive Stock-Based Awards     Against   Against    Shareholder

17    Require Independent Board Chairman        Against   For        Shareholder

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

PROGRESS ENERGY, INC.                                                          

Ticker:       PGN            Security ID:  743263105                            

Meeting Date: MAY 14, 2008   Meeting Type: Annual                              

Record Date:  MAR 7, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    

1     Elect Director James E. Bostic            For       For        Management

2     Elect Director David L. Burner            For       For        Management

3     Elect Director Harris E. DeLoach, Jr.     For       For        Management

4     Elect Director William D. Johnson         For       For        Management

5     Elect Director Robert W. Jones            For       For        Management

6     Elect Director W. Steven Jones            For       For        Management

7     Elect Director E. Marie McKee             For       For        Management

8     Elect Director John H. Mullin, III        For       For        Management

9     Elect Director Charles W. Pryor, Jr.      For       For        Management

10    Elect Director Carlos A. Saladrigas       For       For        Management

11    Elect Director Theresa M. Stone           For       For        Management

12    Elect Director Alfred C. Tollison, Jr.    For       For        Management

13    Ratify Auditors                           For       For        Management

14    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

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

R. R. DONNELLEY & SONS CO.                                                     

Ticker:       RRD            Security ID:  257867101                           

Meeting Date: MAY 28, 2008   Meeting Type: Annual                               

Record Date:  APR 2, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Thomas J. Quinlan, III     For       For        Management

2     Elect Director Stephen M. Wolf            For       For        Management

3     Elect Director Lee A. Chaden              For       For        Management

4     Elect Director E.V. (Rick) Goings         For       For        Management

5     Elect Director Judith H. Hamilton         For       For        Management

6     Elect Director Thomas S. Johnson          For       For        Management

7     Elect Director John C. Pope               For       For        Management

8     Elect Director Michael T. Riordan         For       For        Management

9     Elect Director Oliver R. Sockwell         For       For        Management

10    Ratify Auditors                           For       For        Management

11    Amend Omnibus Stock Plan                  For       For        Management

12    Report on Sustainable Forestry            Against   Against    Shareholder

13    Amend Articles/Bylaws/Charter -- Call     Against   For        Shareholder

      Special Meetings                                                          

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

SAFEWAY INC.                                                                   

Ticker:       SWY            Security ID:  786514208                            

Meeting Date: MAY 14, 2008   Meeting Type: Annual                              

Record Date:  MAR 17, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Steven A. Burd             For       For        Management

2     Elect Director Janet E. Grove             For       For        Management

3     Elect Director Mohan Gyani                For       For        Management

4     Elect Director Paul Hazen                 For       For        Management

5     Elect Director Frank C. Herringer         For       For        Management

6     Elect Director Robert I. MacDonnell       For       For        Management

7     Elect Director Douglas J. MacKenzie       For       For        Management

8     Elect Director Kenneth W. Oder            For       For        Management

9     Elect Director Rebecca A. Stirn           For       For        Management

10    Elect Director William Y. Tauscher        For       For        Management

11    Elect Director Raymond G. Viault          For       For        Management

12    Ratify Auditors                           For       For        Management

13    Provide for Cumulative Voting             Against   For        Shareholder

14    Submit SERP to Shareholder Vote           Against   For        Shareholder

15    Adopt Policy on 10b5-1 Plans              Against   For        Shareholder

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

VERIZON COMMUNICATIONS                                                         

Ticker:       VZ             Security ID:  92343V104                           

Meeting Date: MAY 1, 2008    Meeting Type: Annual                               

Record Date:  MAR 3, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Richard L. Carrion         For       For        Management

2     Elect Director M. Frances Keeth           For       For        Management

3     Elect Director Robert W. Lane             For       For        Management

4     Elect Director Sandra O. Moose            For       For        Management

5     Elect Director Joseph Neubauer            For       For        Management

6     Elect Director Donald T. Nicolaisen       For       For        Management

7     Elect Director Thomas H. O'Brien          For       For        Management

8     Elect Director Clarence Otis, Jr.         For       For        Management

9     Elect Director Hugh B. Price              For       For        Management

10    Elect Director Ivan G. Seidenberg         For       For        Management

11    Elect Director John W. Snow               For       For        Management

12    Elect Director John R. Stafford           For       For        Management

13    Ratify Auditors                           For       For        Management

14    Prohibit Executive Stock-Based Awards     Against   Against    Shareholder

15    Amend EEO Policy to Prohibit              Against   Against    Shareholder

      Discrimination based on Gender Identity                                  

16    Require Independent Board Chairman        Against   Against    Shareholder

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

WACHOVIA CORP.                                                                 

Ticker:       WB             Security ID:  929903102                            

Meeting Date: APR 22, 2008   Meeting Type: Annual                              

Record Date:  FEB 14, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director John D. Baker, II          For       For        Management

2     Elect Director Peter C. Browning          For       For        Management

3     Elect Director John T. Casteen, III       For       For        Management

4     Elect Director Jerry Gitt                 For       For        Management

5     Elect Director William H. Goodwin, Jr.    For       For        Management

6     Elect Director Maryellen C. Herringer     For       For        Management

7     Elect Director Robert A. Ingram           For       For        Management

8     Elect Director Donald M. James            For       For        Management

9     Elect Director Mackey J. McDonald         For       For        Management

10    Elect Director Joseph Neubauer            For       For        Management

11    Elect Director Timothy D. Proctor         For       For        Management

12    Elect Director Ernest S. Rady             For       For        Management

13    Elect Director Van L. Richey              For       For        Management

14    Elect Director Ruth G. Shaw               For       For        Management

15    Elect Director Lanty L. Smith             For       For        Management

16    Elect Director G. Kennedy Thompson        For       For        Management

17    Elect Director Dona Davis Young           For       For        Management

18    Ratify Auditors                           For       For        Management

19    Advisory Vote to Ratify Named Executive   Against   For        Shareholder

      Officers' Compensation                                                   

20    Report on Political Contributions         Against   For        Shareholder

21    Require Two Candidates for Each Board     Against   Against    Shareholder

      Seat                                                                      

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

WASHINGTON MUTUAL, INC                                                         

Ticker:       WM             Security ID:  939322103                           

Meeting Date: JUN 24, 2008   Meeting Type: Special                             

Record Date:  APR 15, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Increase Authorized Common Stock          For       For        Management

2     Approve Conversion of Securities          For       For        Management

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

WASTE MANAGEMENT, INC.                                                         

Ticker:       WMI            Security ID:  94106L109                           

Meeting Date: MAY 9, 2008    Meeting Type: Annual                               

Record Date:  MAR 12, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Pastora San Juan Cafferty  For       For        Management

2     Elect Director Frank M. Clark, Jr.        For       For        Management

3     Elect Director Patrick W. Gross           For       For        Management

4     Elect Director Thomas I. Morgan           For       For        Management

5     Elect Director John C. Pope               For       For        Management

6     Elect Director W. Robert Reum             For       For        Management

7     Elect Director Steven G. Rothmeier        For       For        Management

8     Elect Director David P. Steiner           For       For        Management

9     Elect Director Thomas H. Weidemeyer       For       For        Management

10    Ratify Auditors                           For       For        Management

11    Repot on Political Contributions          Against   For        Shareholder

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

WYETH                                                                          

Ticker:       WYE            Security ID:  983024100                           

Meeting Date: APR 24, 2008   Meeting Type: Annual                              

Record Date:  MAR 3, 2008                                                      

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1     Elect Director Robert M. Amen             For       For        Management

2     Elect Director Michael J. Critelli        For       For        Management

3     Elect Director Robert Essner              For       For        Management

4     Elect Director John D. Feerick            For       For        Management

5     Elect Director Frances D. Fergusson       For       For        Management

6     Elect Director Victor F. Ganzi            For       For        Management

7     Elect Director Robert Langer              For       For        Management

8     Elect Director John P. Mascotte           For       For        Management

9     Elect Director Raymond J. McGuire         For       For        Management

10    Elect Director Mary Lake Polan            For       For        Management

11    Elect Director Bernard Poussot            For       For        Management

12    Elect Director Gary L. Rogers             For       For        Management

13    Elect Director John R. Torell III         For       For        Management

14    Ratify Auditors                           For       For        Management

15    Amend Omnibus Stock Plan                  For       For        Management

16    Amend Non-Employee Director Restricted    For       For        Management

      Stock Plan                                                               

17    Report on Political Contributions         Against   For        Shareholder

18    Claw-back of Payments under Restatements  Against   Against    Shareholder

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XEROX CORP.                                                                    

Ticker:       XRX            Security ID:  984121103                            

Meeting Date: MAY 22, 2008   Meeting Type: Annual                              

Record Date:  MAR 24, 2008                                                     

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   

1.1   Elect Director Glenn A. Britt             For       For        Management

1.2   Elect Director Ursula M. Burns            For       For        Management

1.3   Elect Director Richard J. Harrington      For       For        Management

1.4   Elect Director William Curt Hunter        For       For        Management

1.5   Elect Director Vernon E. Jordan, Jr.      For       For        Management

1.6   Elect Director Robert A. McDonald         For       For        Management

1.7   Elect Director Anne M. Mulcahy            For       For        Management

1.8   Elect Director N. J. Nicholas, Jr.        For       For        Management

1.9   Elect Director Ann N. Reese               For       For        Management

1.10  Elect Director Mary Agnes Wilderotter     For       For        Management

2     Ratify Auditors                           For       For        Management

3     Adopt Majority Voting for Uncontested     For       For        Management

      Election of Directors                                                     

4     Report on Vendor Human Rights Standards   Against   Against    Shareholder

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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.

DELAWARE GROUP EQUITY FUNDS II

By:	Patrick P. Coyne
Name:	Patrick P. Coyne
Title:	Chairman/President/
	Chief Executive Officer
Date:	August 25, 2008