FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER: 811-03114

EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Select Portfolios

Fund Name: Select Insurance Portfolio

82 DEVONSHIRE STREET, BOSTON, MA 02109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

ERIC D. ROITER, SECRETARY, 82 DEVONSHIRE STREET, BOSTON, MA 02109
(NAME AND ADDRESS OF AGENT FOR SERVICE)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 617-563-7000

DATE OF FISCAL YEAR END: FEBRUARY 28

DATE OF REPORTING PERIOD: 06/30/2005

SIGNATURES

PURSUANT TO THE REQUIREMENTS OF THE INVESTMENT COMPANY ACT OF 1940, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THERE UNTO DULY AUTHORIZED.

Fidelity Select Portfolios

BY:  /s/ CHRISTINE REYNOLDS
-----------------------------------------------------
CHRISTINE REYNOLDS, TREASURER, FIDELITY MANAGEMENT & RESEARCH COMPANY
DATE: 08/09/2005 05:23:48 PM

EXHIBIT A

VOTE SUMMARY REPORT
Select Insurance Portfolio
07/01/2004 - 06/30/2005

Note: The Security ID will be the CUSIP (Committee on Uniform Securities Identification Procedures) when available. When CUSIP is not available, an alternate identifier, e.g., CINS, will be provided.

ISSUER NAME: ACE LIMITED MEETING DATE: 05/26/2005
TICKER: ACE     SECURITY ID: G0070K103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT EVAN G. GREENBERG AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN A. KROL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT AUDITORS OF ACE LIMITED FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: AFLAC INCORPORATED MEETING DATE: 05/02/2005
TICKER: AFL     SECURITY ID: 001055102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DANIEL P. AMOS AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN SHELBY AMOS II AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL H. ARMACOST AS A DIRECTOR	Management	For	For
1.4	ELECT KRISS CLONINGER III AS A DIRECTOR	Management	For	For
1.5	ELECT JOE FRANK HARRIS AS A DIRECTOR	Management	For	For
1.6	ELECT ELIZABETH J. HUDSON AS A DIRECTOR	Management	For	For
1.7	ELECT KENNETH S. JANKE SR. AS A DIRECTOR	Management	For	For
1.8	ELECT DOUGLAS W. JOHNSON AS A DIRECTOR	Management	For	For
1.9	ELECT ROBERT B. JOHNSON AS A DIRECTOR	Management	For	For
1.10	ELECT CHARLES B. KNAPP AS A DIRECTOR	Management	For	For
1.11	ELECT HIDEFUMI MATSUI AS A DIRECTOR	Management	For	For
1.12	ELECT E. STEPHEN PURDOM, M.D. AS A DIRECTOR	Management	For	For
1.13	ELECT BARBARA K. RIMER, PH.D. AS A DIRECTOR	Management	For	For
1.14	ELECT MARVIN R. SCHUSTER AS A DIRECTOR	Management	For	For
1.15	ELECT DAVID GARY THOMPSON AS A DIRECTOR	Management	For	For
1.16	ELECT TOHRU TONOIKE AS A DIRECTOR	Management	For	For
1.17	ELECT ROBERT L. WRIGHT AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Management	For	For

ISSUER NAME: ALLEGHANY CORPORATION MEETING DATE: 04/22/2005
TICKER: Y     SECURITY ID: 017175100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT F.M. KIRBY AS A DIRECTOR	Management	For	For
1.2	ELECT REX D. ADAMS AS A DIRECTOR	Management	For	For
1.3	ELECT WESTON M. HICKS AS A DIRECTOR	Management	For	For
1.4	ELECT ROGER NOALL AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE 2005 DIRECTORS STOCK PLAN OF ALLEGHANY CORPORATION.	Management	For	For
3	PROPOSAL TO APPROVE THE 2005 MANAGEMENT INCENTIVE PLAN OF ALLEGHANY CORPORATION.	Management	For	For
4	RATIFICATION OF KPMG LLP AS ALLEGHANY CORPORATION S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR 2005.	Management	For	For

ISSUER NAME: ALLMERICA FINANCIAL CORPORATION MEETING DATE: 05/17/2005
TICKER: AFC     SECURITY ID: 019754100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WENDELL J. KNOX AS A DIRECTOR	Management	For	For
1.2	ELECT NANCY L. LEAMING AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT J. MURRAY AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF ALLMERICA FINANCIAL CORPORATION.	Management	For	For

ISSUER NAME: AMBAC FINANCIAL GROUP, INC. MEETING DATE: 05/03/2005
TICKER: ABK     SECURITY ID: 023139108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PHILLIP B. LASSITER AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL A. CALLEN AS A DIRECTOR	Management	For	For
1.3	ELECT JILL M. CONSIDINE AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT J. GENADER AS A DIRECTOR	Management	For	For
1.5	ELECT W. GRANT GREGORY AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS C. THEOBALD AS A DIRECTOR	Management	For	For
1.7	ELECT LAURA S. UNGER AS A DIRECTOR	Management	For	For
1.8	ELECT HENRY D.G. WALLACE AS A DIRECTOR	Management	For	For
2	APPROVE AMENDMENTS TO THE AMBAC 1997 EXECUTIVE INCENTIVE PLAN.	Management	For	For
3	RATIFY SELECTION OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2005.	Management	For	For

ISSUER NAME: AMERICAN FINANCIAL GROUP, INC. MEETING DATE: 05/19/2005
TICKER: AFG     SECURITY ID: 025932104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CARL H. LINDNER AS A DIRECTOR	Management	For	For
1.2	ELECT CARL H. LINDNER III AS A DIRECTOR	Management	For	For
1.3	ELECT S. CRAIG LINDNER AS A DIRECTOR	Management	For	For
1.4	ELECT THEODORE H. EMMERICH AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES E. EVANS AS A DIRECTOR	Management	For	For
1.6	ELECT TERRY S. JACOBS AS A DIRECTOR	Management	For	For
1.7	ELECT WILLIAM R. MARTIN AS A DIRECTOR	Management	For	For
1.8	ELECT WILLIAM W. VERITY AS A DIRECTOR	Management	For	For
1.9	ELECT KENNETH C. AMBRECHT AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE COMPANY S 2005 STOCK INCENTIVE PLAN	Management	For	Against
3	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS FOR 20051	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: AMERUS GROUP CO. MEETING DATE: 04/28/2005
TICKER: AMH     SECURITY ID: 03072M108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT THOMAS F. GAFFNEY AS A DIRECTOR	Management	For	For
1.2	ELECT LOUIS A. HOLLAND AS A DIRECTOR	Management	For	For
1.3	ELECT WARD M. KLEIN AS A DIRECTOR	Management	For	For
1.4	ELECT ANDREW J. PAINE, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT JACK C. PESTER AS A DIRECTOR	Management	For	For
1.6	ELECT HEIDI L. STEIGER AS A DIRECTOR	Management	For	For
2	PROPOSAL TO AMEND THE COMPANY S 2003 STOCK INCENTIVE PLAN.	Management	For	Against
3	PROPOSAL TO APPROVE PERFORMANCE-BASED PROCEDURES TO BE FOLLOWED IN GRANTING INCENTIVE COMPENSATION AWARDS.	Management	For	For
4	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE 2005 FISCAL YEAR.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: AON CORPORATION MEETING DATE: 05/20/2005
TICKER: AOC     SECURITY ID: 037389103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PATRICK G. RYAN AS A DIRECTOR	Management	For	For
1.2	ELECT GREGORY C. CASE AS A DIRECTOR	Management	For	For
1.3	ELECT EDGAR D. JANNOTTA AS A DIRECTOR	Management	For	For
1.4	ELECT JAN KALFF AS A DIRECTOR	Management	For	For
1.5	ELECT LESTER B. KNIGHT AS A DIRECTOR	Management	For	For
1.6	ELECT J. MICHAEL LOSH AS A DIRECTOR	Management	For	For
1.7	ELECT R. EDEN MARTIN AS A DIRECTOR	Management	For	For
1.8	ELECT ANDREW J. MCKENNA AS A DIRECTOR	Management	For	For
1.9	ELECT ROBERT S. MORRISON AS A DIRECTOR	Management	For	For
1.10	ELECT RICHARD C. NOTEBAERT AS A DIRECTOR	Management	For	For
1.11	ELECT JOHN W. ROGERS, JR. AS A DIRECTOR	Management	For	For
1.12	ELECT GLORIA SANTONA AS A DIRECTOR	Management	For	For
1.13	ELECT CAROLYN Y. WOO AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS AON S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ARCH CAPITAL GROUP LTD. MEETING DATE: 04/28/2005
TICKER: ACGL     SECURITY ID: G0450A105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PAUL B. INGREY* AS A DIRECTOR1	Management	For	For
1.2	ELECT KEWSONG LEE* AS A DIRECTOR1	Management	For	For
1.3	ELECT DAVID R. TUNNELL* AS A DIRECTOR1	Management	For	For
1.4	ELECT ROBERT F. WORKS* AS A DIRECTOR1	Management	For	For
1.5	ELECT JAMES J. ANSALDI** AS A DIRECTOR1	Management	For	For
1.6	ELECT GRAHAM B. COLLIS** AS A DIRECTOR1	Management	For	For
1.7	ELECT DWIGHT R. EVANS** AS A DIRECTOR1	Management	For	For
1.8	ELECT MARC GRANDISSON** AS A DIRECTOR1	Management	For	For
1.9	ELECT RALPH E. JONES III** AS A DIRECTOR1	Management	For	For
1.10	ELECT THOMAS G. KAISER** AS A DIRECTOR1	Management	For	For
1.11	ELECT MARTIN J. NILSEN** AS A DIRECTOR1	Management	For	For
1.12	ELECT NICHOLAS PAPADOPOULO** AS A DIRECTOR1	Management	For	For
1.13	ELECT MICHAEL QUINN** AS A DIRECTOR1	Management	For	For
1.14	ELECT ROBERT T. VAN GIESON** AS A DIRECTOR1	Management	For	For
1.15	ELECT JOHN D. VOLLARO** AS A DIRECTOR1	Management	For	For
1.16	ELECT GRAHAM WARD** AS A DIRECTOR1	Management	For	For
2	TO APPROVE THE 2005 LONG TERM INCENTIVE AND SHARE AWARD PLAN AS SET FORTH IN AN APPENDIX TO, AND AS DESCRIBED IN, THE ENCLOSED PROXY STATEMENT.	Management	For	Against
3	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ARTHUR J. GALLAGHER & CO. MEETING DATE: 05/17/2005
TICKER: AJG     SECURITY ID: 363576109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GARY P. COUGHLAN AS A DIRECTOR	Management	For	For
1.2	ELECT ELBERT O. HAND AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR 2005.1	Management	For	For
3	APPROVAL OF THE ARTHUR J. GALLAGHER & CO. SENIOR MANAGEMENT INCENTIVE PLAN.1	Management	For	For
4	APPROVAL OF THE ARTHUR J. GALLAGHER & CO. 2005 LONG-TERM INCENTIVE PLAN.1	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ASPEN INSURANCE HOLDINGS MEETING DATE: 05/26/2005
TICKER: AHL     SECURITY ID: G05384105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CHRISTOPHER O'KANE-1 AS A DIRECTOR	Management	For	For
1.2	ELECT HEIDI HUTTER-1 AS A DIRECTOR	Management	For	For
1.3	ELECT PAUL MYNERS-5 AS A DIRECTOR	Management	For	For
1.4	ELECT CHRISTOPHER O'KANE-5 AS A DIRECTOR	Management	For	For
1.5	ELECT JULIAN CUSACK-5 AS A DIRECTOR	Management	For	For
1.6	ELECT DAVID MAY-5 AS A DIRECTOR	Management	For	For
1.7	ELECT IAN CORMACK-5 AS A DIRECTOR	Management	For	For
1.8	ELECT MAREK GUMIENNY-5 AS A DIRECTOR	Management	For	For
1.9	ELECT RICHARD KEELING-5 AS A DIRECTOR	Management	For	For
1.10	ELECT IAN CAMPBELL-5 AS A DIRECTOR	Management	For	For
1.11	ELECT SARAH DAVIES-5 AS A DIRECTOR	Management	For	For
1.12	ELECT HEIDI HUTTER-5 AS A DIRECTOR	Management	For	For
1.13	ELECT CHRISTOPHER O'KANE-9 AS A DIRECTOR	Management	For	For
1.14	ELECT JULIAN CUSACK-9 AS A DIRECTOR	Management	For	For
1.15	ELECT DAVID MAY-9 AS A DIRECTOR	Management	For	For
1.16	ELECT IAN CAMPBELL-9 AS A DIRECTOR	Management	For	For
1.17	ELECT SARAH DAVIES-9 AS A DIRECTOR	Management	For	For
1.18	ELECT CHRISTOPHER O'KANE-13 AS A DIRECTOR	Management	For	For
1.19	ELECT JULIAN CUSACK-13 AS A DIRECTOR	Management	For	For
1.20	ELECT IAN CAMPBELL-13 AS A DIRECTOR	Management	For	For
1.21	ELECT SARAH DAVIES-13 AS A DIRECTOR	Management	For	For
1.22	ELECT CHRISTOPHER O'KANE-17 AS A DIRECTOR	Management	For	For
1.23	ELECT JULIAN CUSACK-17 AS A DIRECTOR	Management	For	For
1.24	ELECT JAMES FEW-17 AS A DIRECTOR	Management	For	For
1.25	ELECT DAVID SKINNER-17 AS A DIRECTOR	Management	For	For
1.26	ELECT KATE VACHER-17 AS A DIRECTOR	Management	For	For
1.27	ELECT SARAH DAVIES-17 AS A DIRECTOR	Management	For	For
2	TO APPOINT KPMG AUDIT PLC, LONDON ENGLAND, TO ACT AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND TO SET THE REMUNERATION.	Management	For	For
3	TO AMEND BYE-LAW 1	Management	For	For
4	TO AMEND BYE-LAW 3	Management	For	For
5	TO AMEND BYE-LAW 12	Management	For	For
6	TO AMEND BYE-LAW 33	Management	For	For
7	TO AMEND BYE-LAW 85	Management	For	For
8	TO AMEND BYE-LAW 91	Management	For	For
9	TO AMEND BYE-LAW 100	Management	For	For
10	TO AMEND BYE-LAW 105	Management	For	For
11	TO AMEND BYE-LAW 109	Management	For	For
12	TO AMEND BYE-LAW 110	Management	For	For
13	TO AMEND BYE-LAW 115	Management	For	For
14	TO AMEND BYE-LAW 116	Management	For	For
15	TO AMEND BYE-LAW 119	Management	For	For
16	TO AMEND BYE-LAW 120	Management	For	For
17	TO AMEND BYE-LAW 142	Management	For	For
18	TO AMEND BYE-LAW 147	Management	For	For
19	TO AMEND BYE-LAW 148	Management	For	For
20	TO APPROVE AN AMENDMENT TO THE 2003 SHARE INCENTIVE PLAN.	Management	For	Against

ISSUER NAME: ASPEN INSURANCE HOLDINGS MEETING DATE: 05/26/2005
TICKER: AHL     SECURITY ID: G05384105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO AUTHORIZE THE DIRECTORS TO ALLOT SHARES	Management	For	For
2	TO AUTHORIZE THE RE-APPOINTMENT OF KPMG AUDIT PLC AS THE AUDITOR OF ASPEN INSURANCE UK LIMITED AND TO DETERMINE THEIR REMUNERATION	Management	For	For
3	TO AUTHORIZE THE AMENDMENT TO ASPEN INSURANCE UK LIMITED S ARTICLES RELATING TO INDEMNIFICATION OF DIRECTORS.	Management	For	Against
4	TO AUTHORIZE THE DIRECTORS OF ASPEN INSURANCE UK SERVICES LIMITED TO ALLOT SHARES	Management	For	For
5	TO AUTHORIZE RE-APPOINTMENT OF KPMG AUDIT PLC AS THE AUDITOR OF ASPEN INSURANCE UK SERVICES LIMITED FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005 AND TO DETERMINE THEIR REMUNERATION.	Management	For	For
6	TO AUTHORIZE THE AMENDMENT TO ASPEN INSURANCE UK SERVICES LIMITED S ARTICLES OF ASSOCIATION REGARDING INDEMNIFICATION.	Management	For	Against
7	TO AUTHORIZE THE DIRECTORS OF ASPEN (UK) HOLDINGS LIMITED TO ALLOT SHARES.1	Management	For	For
8	TO AUTHORIZE RE-APPOINTMENT OF KPMG AUDIT PLC AS THE AUDITOR OF ASPEN (UK) HOLDINGS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005 AND TO DETERMINE THEIR REMUNERATION.1	Management	For	For
9	TO AUTHORIZE THE AMENDMENT TO ASPEN (UK) HOLDINGS LIMITED S ARTICLES OF ASSOCIATION RELATING TO INDEMNIFICATION.1	Management	For	Against
10	TO AUTHORIZE THE APPOINTMENT OF KPMG AS THE AUDITOR OF ASPEN INSURANCE LIMITED FOR FISCAL YEAR ENDED DECEMBER 31, 2005 AND DETERMINE THEIR REMUNERATION.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: ASSURANT, INC. MEETING DATE: 06/02/2005
TICKER: AIZ     SECURITY ID: 04621X108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J.M. PALMS PHD, D. SC. AS A DIRECTOR	Management	For	For
1.2	ELECT J. KERRY CLAYTON AS A DIRECTOR	Management	For	For
1.3	ELECT DR. ROBERT J. BLENDON AS A DIRECTOR	Management	For	For
1.4	ELECT BETH L. BRONNER AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP, AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For

ISSUER NAME: AXIS CAPITAL HOLDINGS LTD. MEETING DATE: 12/09/2004
TICKER: AXS     SECURITY ID: G0692U109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO AMEND THE BYE-LAWS OF AXIS CAPITAL HOLDINGS LIMITED AS DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
2	TO AMEND THE BYE-LAWS OF AXIS SPECIALTY LIMITED AS DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
3	TO AMEND THE ARTICLES OF ASSOCIATION OF AXIS SPECIALTY HOLDINGS IRELAND LIMITED AS DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
4	TO AUTHORIZE THE ELECTIONS BY AXIS CAPITAL HOLDINGS LIMITED AND AXIS SPECIALTY HOLDINGS IRELAND LIMITED TO DISPENSE WITH THE ANNUAL GENERAL MEETINGS OF THE IRISH SUBSIDIARIES OF AXIS CAPITAL HOLDINGS LIMITED.	Management	For	For
5	TO AMEND THE ARTICLES OF ASSOCIATION OF AXIS SPECIALTY UK IRELAND LIMITED AS DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
6	TO AUTHORIZE THE LIQUIDATION OF AXIS SPECIALTY UK HOLDINGS LIMITED.	Management	For	For
7	TO AUTHORIZE THE DISSOLUTION OF AXIS SPECIALTY (BARBADOS) LIMITED.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: AXIS CAPITAL HOLDINGS LTD. MEETING DATE: 05/05/2005
TICKER: AXS     SECURITY ID: G0692U109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT L. FRIEDMAN AS A DIRECTOR	Management	For	For
1.2	ELECT DONALD J. GREENE AS A DIRECTOR	Management	For	For
1.3	ELECT JUERGEN GRUPE AS A DIRECTOR	Management	For	For
1.4	ELECT FRANK J. TASCO AS A DIRECTOR	Management	For	For
2	TO APPOINT DELOITTE & TOUCHE TO ACT AS THE INDEPENDENT AUDITORS OF AXIS CAPITAL HOLDINGS LIMITED FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005 AND TO AUTHORIZE THE BOARD OF DIRECTORS ACTING THROUGH THE AUDIT COMMITTEE TO SET THE FEES FOR THE INDEPENDENT AUDITORS.1	Management	For	For
3	TO AUTHORIZE THE ELECTION OF THREE NOMINEES AS DIRECTORS OF AXIS SPECIALTY LIMITED.	Management	For	For
4	TO AUTHORIZE THE LIQUIDATION OF AXIS SPECIALTY UK LIMITED.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: BERKSHIRE HATHAWAY INC. MEETING DATE: 04/30/2005
TICKER: BRKA     SECURITY ID: 084670108
TICKER: BRKB     SECURITY ID: 084670207
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WARREN E. BUFFETT AS A DIRECTOR	Management	For	For
1.2	ELECT CHARLES T. MUNGER AS A DIRECTOR	Management	For	For
1.3	ELECT HOWARD G. BUFFETT AS A DIRECTOR	Management	For	For
1.4	ELECT MALCOLM G. CHACE AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM H. GATES III AS A DIRECTOR	Management	For	For
1.6	ELECT DAVID S. GOTTESMAN AS A DIRECTOR	Management	For	For
1.7	ELECT CHARLOTTE GUYMAN AS A DIRECTOR	Management	For	For
1.8	ELECT DONALD R. KEOUGH AS A DIRECTOR	Management	For	For
1.9	ELECT THOMAS S. MURPHY AS A DIRECTOR	Management	For	For
1.10	ELECT RONALD L. OLSON AS A DIRECTOR	Management	For	For
1.11	ELECT WALTER SCOTT, JR. AS A DIRECTOR	Management	For	For
2	PROPOSED AMENDMENT OF THE CORPORATION S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD ADD TO THE VOTING RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN CERTAIN SITUATIONS.	Management	For	For
3	PROPOSED AMENDMENT OF THE CORPORATION S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD CLARIFY THE RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN A STOCK SPLIT OR STOCK DIVIDEND.	Management	For	For

ISSUER NAME: BROWN & BROWN, INC. MEETING DATE: 04/21/2005
TICKER: BRO     SECURITY ID: 115236101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J. HYATT BROWN AS A DIRECTOR	Management	For	For
1.2	ELECT SAMUEL P. BELL, III AS A DIRECTOR	Management	For	For
1.3	ELECT HUGH M. BROWN AS A DIRECTOR	Management	For	For
1.4	ELECT BRADLEY CURREY, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT JIM W. HENDERSON AS A DIRECTOR	Management	For	For
1.6	ELECT THEODORE J. HOEPNER AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID H. HUGHES AS A DIRECTOR	Management	For	For
1.8	ELECT JOHN R. RIEDMAN AS A DIRECTOR	Management	For	For
1.9	ELECT JAN E. SMITH AS A DIRECTOR	Management	For	For
1.10	ELECT CHILTON D. VARNER AS A DIRECTOR	Management	For	For
2	AMENDMENT TO STOCK PERFORMANCE PLAN	Management	For	For

ISSUER NAME: CHUBB CORPORATION MEETING DATE: 04/26/2005
TICKER: CB     SECURITY ID: 171232101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ZOE BAIRD AS A DIRECTOR	Management	For	For
1.2	ELECT SHEILA P. BURKE AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES I. CASH, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT JOEL J. COHEN AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES M. CORNELIUS AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN D. FINNEGAN AS A DIRECTOR	Management	For	For
1.7	ELECT KLAUS J. MANGOLD AS A DIRECTOR	Management	For	For
1.8	ELECT SIR DAVID G SCHOLEY CBE AS A DIRECTOR	Management	For	For
1.9	ELECT RAYMOND G.H. SEITZ AS A DIRECTOR	Management	For	For
1.10	ELECT LAWRENCE M. SMALL AS A DIRECTOR	Management	For	For
1.11	ELECT DANIEL E. SOMERS AS A DIRECTOR	Management	For	For
1.12	ELECT KAREN HASTIE WILLIAMS AS A DIRECTOR	Management	For	For
1.13	ELECT ALFRED W. ZOLLAR AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITOR1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CINCINNATI FINANCIAL CORPORATION MEETING DATE: 04/23/2005
TICKER: CINF     SECURITY ID: 172062101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KENNETH C. LICHTENDAHL AS A DIRECTOR	Management	For	For
1.2	ELECT W. RODNEY MCMULLEN AS A DIRECTOR	Management	For	For
1.3	ELECT THOMAS R. SCHIFF AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN F. STEELE, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT LARRY R. WEBB AS A DIRECTOR	Management	For	For
2	RATIFYING THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.1	Management	For	For
3	APPROVING AN INCREASE IN THE AUTHORIZED SHARES OF COMMON STOCK.	Management	For	For
4	ADOPTING CINCINNATI FINANCIAL CORPORATION STOCK OPTION PLAN NO. VIII.	Management	For	Against
5	APPROVING CINCINNATI FINANCIAL CORPORATION 2003 NON-EMPLOYEE DIRECTORS STOCK PLAN.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CNA FINANCIAL CORPORATION MEETING DATE: 04/27/2005
TICKER: CNA     SECURITY ID: 126117100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BRENDA J. GAINES AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN W. LILIENTHAL AS A DIRECTOR	Management	For	For
1.3	ELECT PAUL J. LISKA AS A DIRECTOR	Management	For	For
1.4	ELECT DON M. RANDEL AS A DIRECTOR	Management	For	For
1.5	ELECT JOSEPH ROSENBERG AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES S. TISCH AS A DIRECTOR	Management	For	For
1.7	ELECT PRESTON R. TISCH AS A DIRECTOR	Management	For	For
1.8	ELECT MARVIN ZONIS AS A DIRECTOR	Management	For	For
2	APPROVAL OF DELOITTE & TOUCHE, LLP, AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.1	Management	For	For
3	APPROVAL OF AMENDMENT TO THE CNA FINANCIAL CORPORATION 2000 INCENTIVE COMPENSATION PLAN.	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: CONSECO, INC. MEETING DATE: 08/24/2004
TICKER: CNO     SECURITY ID: 208464883
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DEBRA J. PERRY AS A DIRECTOR	Management	For	For
1.2	ELECT PHILIP R. ROBERTS AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM J. SHEA AS A DIRECTOR	Management	For	For
1.4	ELECT MICHAEL T. TOKARZ AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS OF CONSECO FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: ENDURANCE SPECIALTY HOLDINGS LTD. MEETING DATE: 04/27/2005
TICKER: ENH     SECURITY ID: G30397106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BARHAM (1) AS A DIRECTOR1	Management	For	For
1.2	ELECT BARNES (1) AS A DIRECTOR1	Management	For	For
1.3	ELECT BOLINDER (1) AS A DIRECTOR1	Management	For	For
1.4	ELECT O'NEILL (1) AS A DIRECTOR1	Management	For	For
1.5	ELECT PERRY (1) AS A DIRECTOR1	Management	For	For
1.6	ELECT SCHIFTER (1) AS A DIRECTOR1	Management	For	For
1.7	ELECT SPASS (1) AS A DIRECTOR1	Management	For	For
1.8	ELECT BAILY (2) AS A DIRECTOR1	Management	For	For
1.9	ELECT BARHAM (2) AS A DIRECTOR1	Management	For	For
1.10	ELECT BARNES (2) AS A DIRECTOR1	Management	For	For
1.11	ELECT BOLINDER (2) AS A DIRECTOR1	Management	For	For
1.12	ELECT DINOVI (2) AS A DIRECTOR1	Management	For	For
1.13	ELECT FROLAND AS A DIRECTOR	Management	For	For
1.14	ELECT LESTRANGE (2) AS A DIRECTOR1	Management	For	For
1.15	ELECT O'NEILL (2) AS A DIRECTOR1	Management	For	For
1.16	ELECT PERRY (2) AS A DIRECTOR1	Management	For	For
1.17	ELECT SCHIFTER (2) AS A DIRECTOR1	Management	For	For
1.18	ELECT SPASS (2) AS A DIRECTOR1	Management	For	For
1.19	ELECT BOLINDER (3) AS A DIRECTOR1	Management	For	For
1.20	ELECT BOUCHER (3) AS A DIRECTOR1	Management	For	For
1.21	ELECT DINOVI (3) AS A DIRECTOR1	Management	For	For
1.22	ELECT LESTRANGE (3) AS A DIRECTOR1	Management	For	For
1.23	ELECT MINSHALL (3) AS A DIRECTOR1	Management	For	For
1.24	ELECT SPASS (3) AS A DIRECTOR1	Management	For	For
1.25	ELECT BOLINDER (4) AS A DIRECTOR1	Management	For	For
1.26	ELECT BOUCHER (4) AS A DIRECTOR1	Management	For	For
1.27	ELECT DINOVI (3) AS A DIRECTOR1	Management	For	For
1.28	ELECT LESTRANGE (4) AS A DIRECTOR1	Management	For	For
1.29	ELECT MINSHALL (4) AS A DIRECTOR1	Management	For	For
1.30	ELECT SPASS (4) AS A DIRECTOR1	Management	For	For
1.31	ELECT BOLINDER (5) AS A DIRECTOR1	Management	For	For
1.32	ELECT CARLSEN (5) AS A DIRECTOR1	Management	For	For
1.33	ELECT LESTRANGE (5) AS A DIRECTOR1	Management	For	For
2	TO APPROVE THE COMPANY S AMENDED AND RESTATE BYE-LAWS.	Management	For	For
3	TO INCREASE THE CURRENT SIZE OF THE COMPANY S BOARD OF DIRECTORS FOR TWELVE (12) TO FIFTEEN (15).1	Management	For	For
4	TO ADOPT THE COMPANY S AMENDED AND RESTATED 2003 NON-EMPLOYEE DIRECTOR EQUITY INCENTIVE PLAN.	Management	For	Against
5	TO APPOINT ERNST & YOUNG AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE YEAR ENDING DECEMBER 31, 2005 AND TO AUTHORIZE THE BOARD OF DIRECTORS, ACTING THROUGH THE AUDIT COMMITTEE, TO SET THE FEES FOR THE INDEPENDENT AUDITORS.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: EVEREST RE GROUP, LTD. MEETING DATE: 05/25/2005
TICKER: RE     SECURITY ID: G3223R108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT THOMAS J. GALLAGHER AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM F. GALTNEY, JR. AS A DIRECTOR	Management	For	For
2	TO APPOINT PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2005 AND AUTHORIZE THE BOARD OF DIRECTORS ACTING BY THE AUDIT COMMITTEE OF THE BOARD TO SET THE FEES FOR THE INDEPENDENT AUDITORS.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE EVEREST RE GROUP, LTD. 2003 NON-EMPLOYEE DIRECTOR EQUITY COMPENSATION PLAN.	Management	For	Against
4	TO APPROVE AN AMENDMENT TO THE EVEREST RE GROUP, LTD. EXECUTIVE PERFORMANCE ANNUAL INCENTIVE PLAN.	Management	For	For

ISSUER NAME: FIDELITY NATIONAL FINANCIAL, INC. MEETING DATE: 12/16/2004
TICKER: FNF     SECURITY ID: 316326107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM A. IMPARATO AS A DIRECTOR	Management	For	For
1.2	ELECT DONALD M. KOLL AS A DIRECTOR	Management	For	For
1.3	ELECT GEN. WILLIAM LYON AS A DIRECTOR	Management	For	For
1.4	ELECT CARY H. THOMPSON AS A DIRECTOR	Management	For	For
2	TO APPROVE THE ADOPTION OF THE FIDELITY NATIONAL FINANCIAL, INC. 2004 OMNIBUS INCENTIVE PLAN.	Management	For	Against
3	TO APPROVE THE SECOND AMENDMENT AND RESTATEMENT OF THE FIDELITY NATIONAL FINANCIAL, INC. AMENDED AND RESTATED 2001 STOCK INCENTIVE PLAN.	Management	For	For
4	TO APPROVE THE SECOND AMENDMENT AND RESTATEMENT OF THE FIDELITY NATIONAL FINANCIAL, INC. AMENDED AND RESTATED 1998 STOCK INCENTIVE PLAN.	Management	For	For
5	TO APPROVE THE AMENDMENT AND RESTATEMENT OF THE FIDELITY NATIONAL FINANCIAL, INC. 1987 STOCK OPTION PLAN.	Management	For	For
6	TO RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT AUDITORS FOR THE 2004 FISCAL YEAR.	Management	For	For

ISSUER NAME: FIDELITY NATIONAL FINANCIAL, INC. MEETING DATE: 06/22/2005
TICKER: FNF     SECURITY ID: 316326107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM P. FOLEY, II AS A DIRECTOR	Management	For	For
1.2	ELECT FRANK P. WILLEY AS A DIRECTOR	Management	For	For
1.3	ELECT TERRY N. CHRISTENSEN AS A DIRECTOR	Management	For	For
1.4	ELECT THOMAS M. HAGERTY AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT AUDITORS FOR THE 2005 FISCAL YEAR.	Management	For	For

ISSUER NAME: GENWORTH FINANCIAL, INC. MEETING DATE: 05/19/2005
TICKER: GNW     SECURITY ID: 37247D106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRANK J. BORELLI AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL D. FRAIZER AS A DIRECTOR	Management	For	For
1.3	ELECT J. ROBERT "BOB" KERREY AS A DIRECTOR	Management	For	For
1.4	ELECT THOMAS B. WHEELER AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE 2004 GENWORTH FINANCIAL, INC. OMNIBUS INCENTIVE PLAN.	Management	For	Against
3	RATIFICATION OF THE SELECTION OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.	Management	For	For

ISSUER NAME: HCC INSURANCE HOLDINGS, INC. MEETING DATE: 05/12/2005
TICKER: HCC     SECURITY ID: 404132102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRANK J. BRAMANTI AS A DIRECTOR	Management	For	For
1.2	ELECT PATRICK B. COLLINS AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES R. CRANE AS A DIRECTOR	Management	For	For
1.4	ELECT J. ROBERT DICKERSON AS A DIRECTOR	Management	For	For
1.5	ELECT WALTER M. DUER AS A DIRECTOR	Management	For	For
1.6	ELECT EDWARD H. ELLIS, JR. AS A DIRECTOR	Management	For	For
1.7	ELECT JAMES C. FLAGG AS A DIRECTOR	Management	For	For
1.8	ELECT ALLAN W. FULKERSON AS A DIRECTOR	Management	For	For
1.9	ELECT WALTER J. LACK AS A DIRECTOR	Management	For	For
1.10	ELECT JOHN N. MOLBECK, JR. AS A DIRECTOR	Management	For	For
1.11	ELECT MICHAEL A.F. ROBERTS AS A DIRECTOR	Management	For	For
1.12	ELECT STEPHEN L. WAY AS A DIRECTOR	Management	For	For

ISSUER NAME: HILB, ROGAL AND HOBBS COMPANY MEETING DATE: 05/03/2005
TICKER: HRH     SECURITY ID: 431294107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT THEODORE L. CHANDLER JR AS A DIRECTOR	Management	For	For
1.2	ELECT NORWOOD H. DAVIS, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT TIMOTHY J. KORMAN AS A DIRECTOR	Management	For	For
1.4	ELECT THOMAS H. O'BRIEN AS A DIRECTOR	Management	For	For
1.5	ELECT WARREN M. THOMPSON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY S 2005 FINANCIAL STATEMENTS.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: INFINITY PROPERTY AND CASUALTY CORP. MEETING DATE: 05/10/2005
TICKER: IPCC     SECURITY ID: 45665Q103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JORGE G. CASTRO AS A DIRECTOR	Management	For	For
1.2	ELECT SAMUEL J. SIMON AS A DIRECTOR	Management	For	For
1.3	ELECT ROGER SMITH AS A DIRECTOR	Management	For	For
1.4	ELECT GREGORY C. THOMAS AS A DIRECTOR	Management	For	For
2	APPROVE NON-EMPLOYEE DIRECTORS STOCK OWNERSHIP PLAN.	Management	For	Against
3	RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INFINITY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: IPC HOLDINGS, LTD. MEETING DATE: 06/10/2005
TICKER: IPCR     SECURITY ID: G4933P101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH C.H. JOHNSON AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES P. BRYCE AS A DIRECTOR	Management	For	For
1.3	ELECT KENNETH L. HAMMOND AS A DIRECTOR	Management	For	For
1.4	ELECT DR. THE HON C.E. JAMES AS A DIRECTOR	Management	For	For
1.5	ELECT FRANK MUTCH AS A DIRECTOR	Management	For	For
1.6	ELECT ANTHONY M. PILLING AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDMENTS TO THE IPC HOLDINGS, LTD. STOCK OPTION PLAN.	Management	For	For
3	APPOINTMENT AND REMUNERATION OF INDEPENDENT AUDITORS: TO APPOINT THE FIRM OF KPMG AS THE COMPANY S INDEPENDENT AUDITORS TO SERVE UNTIL THE COMPANY S NEXT ANNUAL GENERAL MEETING OF SHAREHOLDERS AND TO AUTHORIZE THE AUDIT COMMITTEE TO SET THE COMPENSATION FOR THE COMPANY S INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: JEFFERSON-PILOT CORPORATION MEETING DATE: 05/02/2005
TICKER: JP     SECURITY ID: 475070108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM PORTER PAYNE AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID A. STONECIPHER AS A DIRECTOR	Management	For	For
1.3	ELECT ISAIAH TIDWELL AS A DIRECTOR	Management	For	For
2	RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: LEUCADIA NATIONAL CORPORATION MEETING DATE: 05/17/2005
TICKER: LUK     SECURITY ID: 527288104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT IAN M. CUMMING AS A DIRECTOR	Management	For	For
1.2	ELECT PAUL M. DOUGAN AS A DIRECTOR	Management	For	For
1.3	ELECT LAWRENCE D. GLAUBINGER AS A DIRECTOR	Management	For	For
1.4	ELECT ALAN J. HIRSCHFIELD AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES E. JORDAN AS A DIRECTOR	Management	For	For
1.6	ELECT JEFFREY C. KEIL AS A DIRECTOR	Management	For	For
1.7	ELECT JESSE CLYDE NICHOLS III AS A DIRECTOR	Management	For	For
1.8	ELECT JOSEPH S. STEINBERG AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE AMENDMENT TO THE COMPANY S CERTIFICATE OF INCORPORATION INCREASING THE NUMBER OF THE COMPANY S COMMON SHARES AUTHORIZED FOR ISSUANCE TO 300,000,000.	Management	For	For
3	APPROVAL OF THE AMENDMENT TO THE COMPANY S 2003 SENIOR EXECUTIVE ANNUAL INCENTIVE BONUS PLAN EXTENDING THE PLAN THROUGH FISCAL YEAR 2014.	Management	For	For
4	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS OF THE COMPANY FOR 2005.	Management	For	For

ISSUER NAME: LINCOLN NATIONAL CORPORATION MEETING DATE: 05/12/2005
TICKER: LNC     SECURITY ID: 534187109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARCIA J. AVEDON, PH.D. AS A DIRECTOR	Management	For	For
1.2	ELECT J. PATRICK BARRETT AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL F. MEE AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP, AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.1	Management	For	For
3	TO APPROVE THE AMENDED AND RESTATED INCENTIVE COMPENSATION PLAN.	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MANULIFE FINANCIAL CORPORATION MEETING DATE: 05/05/2005
TICKER: MFC     SECURITY ID: 56501R106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KEVIN E. BENSON AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN M. CASSADAY AS A DIRECTOR	Management	For	For
1.3	ELECT LINO J. CELESTE AS A DIRECTOR	Management	For	For
1.4	ELECT GAIL C. A. COOK-BENNETT AS A DIRECTOR	Management	For	For
1.5	ELECT DOMINIC D'ALESSANDRO AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS P. D'AQUINO AS A DIRECTOR	Management	For	For
1.7	ELECT RICHARD B. DEWOLFE AS A DIRECTOR	Management	For	For
1.8	ELECT ROBERT E. DINEEN, JR. AS A DIRECTOR	Management	For	For
1.9	ELECT PIERRE Y. DUCROS AS A DIRECTOR	Management	For	For
1.10	ELECT ALLISTER P. GRAHAM AS A DIRECTOR	Management	For	For
1.11	ELECT THOMAS E. KIERANS AS A DIRECTOR	Management	For	For
1.12	ELECT LORNA R. MARSDEN AS A DIRECTOR	Management	For	For
1.13	ELECT ARTHUR R. SAWCHUK AS A DIRECTOR	Management	For	For
1.14	ELECT HUGH W. SLOAN, JR. AS A DIRECTOR	Management	For	For
1.15	ELECT GORDON G. THIESSEN AS A DIRECTOR	Management	For	For
1.16	ELECT MICHAEL H. WILSON AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF ERNST & YOUNG LLP AS AUDITORS1	Management	For	For
3	SHAREHOLDER PROPOSAL NO. 1	Shareholder	Against	Against
4	SHAREHOLDER PROPOSAL NO. 2	Shareholder	Against	Against
5	SHAREHOLDER PROPOSAL NO. 3	Shareholder	Against	Against
6	SHAREHOLDER PROPOSAL NO. 4	Shareholder	Against	Against
7	SHAREHOLDER PROPOSAL NO. 5	Shareholder	Against	Against
8	SHAREHOLDER PROPOSAL NO. 6	Shareholder	Against	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MANULIFE FINL CORP MEETING DATE: 05/05/2005
TICKER: --     SECURITY ID: 56501R106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE YE 31 DEC 2004 TOGETHER WITH REPORTS OF THE AUDITOR AND THE ACTUARY ON THOSE STATEMENTS	N/A	N/A	N/A
2	ELECT MESSRS. KEVIN E. BENSON, JOHN M. CASSADAY, LINO J. CELESTE, GAIL C.A. COOK-BENNETT, DOMINIC D ALESSANDRO, THOMAS P. D AQUINO, RICHARD B. DEWOLFE, ROBERT E. DINEEN, PIERRE Y. DUCROS, ALLISTER P. GRAHAM, THOMAS E. KIERANS, LORNA R. MARSDEN, ARTHUR R. SAWCHUK, HUGH W. SLOAN, GORDON G. THIESSEN AND MICHAEL H. WILSON AS THE DIRECTORS OF THE COMPANY	Management	Unknown	For
3	APPOINT ERNST & YOUNG LLP AS THE AUDITORS OF THE COMPANY1	Management	Unknown	For
4	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS PROPOSAL: APPROVE THE MANULIFE FINANCIAL CORPORATION LIMIT TO 10 THE NUMBER OF YEARS DURING WHICH AN INDEPENDENT DIRECTOR MAY SIT ON THE BOARD OF DIRECTORS	Management	Unknown	Against
5	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS PROPOSAL: APPROVE THAT MANULIFE FINANCIAL CORPORATION INTRODUCE A CUMULATIVE VOTING MECHANISM FOR ELECTING THE MEMBERS OF THE BOARD OF DIRECTORS, THEREBY GIVING MINORITY SHAREHOLDERS A MUCH MORE ACTIVE ROLE IN APPOINTING DIRECTORS.	Management	Unknown	Against
6	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS PROPOSAL: APPROVE THAT THE MANULIFE FINANCIAL CORPORATION REPLACE THE SHARE OPTION PLAN FOR OFFICERS WITH A PLAN FOR GRANTING RESTRICTED SHARES THAT MUST BE HELD FOR AT LEAST 2 YEARS	Management	Unknown	Against
7	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS PROPOSAL: APPROVE THAT THECANDIDATES FOR THE DIRECTOR MUST RECEIVE AT LEAST 75% SUPPORT; SHAREHOLDERS ENCOURAGE THE BOARD AND MANAGEMENT TO APPLY INDUSTRY-LEADING STANDARDS TO ALL MATTERS RELATING TO CORPORATE GOVERNANCE; IN THIS CONTEXT, ALL CANDIDATES FOR ELECTION TO THE BOARD OF DIRECTORS MUST HENCEFORTH EARN AN A GRADE IN THE VOTING BY THE SHAREHOLDERS; SPECICALLY, NO CANDIDATE SHALL BE ELECTED TO THE BOARD OF DIRECTORS UNLESS THAT INDIVID...	Management	Unknown	Against
8	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS PROPOSAL: APPROVE THAT THEDIRECTORS WHO CHANGE PRINCIPAL OCCUPATION SHALL RESIGN; IT SHALL BE THE POLICY OF MANULIFE FINANCIAL CORPORATION TO REQUIRE ANY DIRECTOR WHO EXPERIENCES A SIGNIFICANT CHANGE IN PRINCIPAL OCCUPATION TO RESIGN AS SOON AS PRACTICAL; A PROMOTION WITHIN THE SAME COMPANY SHALL NOT CONSTITUTE A CHANGE FOR THE PURPOSE OF THIS POLICY ; A DIRECTOR WHO RESIGNS MAY RETURN TO THE BOARD IF HE OR SHE ACHIEVES THE NECESSARY LEVEL OF S...	Management	Unknown	Against
9	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDERS PROPOSAL: APPROVE THE MEANINGFUL QUORUMS: REGARDLESS OF ANY LOWER STANDARDS THAT MIGHT BE ALLOWED IN LEGISLATION, IT IS IN THE BEST INTERESTS OF ALL STAKEHOLDERSIN MANULIFE FINANCIAL CORPORATION TO HAVE A HIGH LEVEL OF PARTICIPATION IN THE ANNUAL MEETING; HENCEFORTH, THE QUORUM FOR THE ANNUAL MEETING SHALL BE THE PARTICIPATION IN PERSON OR BY PROXY OF THE OWNERS OF NOT LESS THAN 50% OF THE COMMON VOTING SHARES OF MANULIFE FINANCIAL CORPORATION ...	Management	Unknown	For
10	TRANSACT ANY OTHER BUSINESS	N/A	N/A	N/A
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MARKEL CORPORATION MEETING DATE: 05/23/2005
TICKER: MKL     SECURITY ID: 570535104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J. ALFRED BROADDUS, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT DOUGLAS C. EBY AS A DIRECTOR	Management	For	For
1.3	ELECT LESLIE A. GRANDIS AS A DIRECTOR	Management	For	For
1.4	ELECT STEWART M. KASEN AS A DIRECTOR	Management	For	For
1.5	ELECT ALAN I. KIRSHNER AS A DIRECTOR	Management	For	For
1.6	ELECT ANTHONY F. MARKEL AS A DIRECTOR	Management	For	For
1.7	ELECT STEVEN A. MARKEL AS A DIRECTOR	Management	For	For
1.8	ELECT JAY M. WEINBERG AS A DIRECTOR	Management	For	For
2	TO RATIFY OR REJECT THE SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2005.	Management	For	For
3	TO APPROVE THE MARKEL CORPORATION EXECUTIVE BONUS PLAN.	Management	For	For

ISSUER NAME: MAX RE CAPITAL LTD. MEETING DATE: 04/28/2005
TICKER: MXRE     SECURITY ID: G6052F103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO ELECT WILLIAM H. HEYMAN TO THE BOARD OF DIRECTORS OF MAX RE CAPITAL LTD.	Management	For	For
2	TO ELECT WILLIS T. KING, JR. TO THE BOARD OF DIRECTORS OF MAX RE CAPITAL LTD.	Management	For	For
3	TO ELECT PETER A. MINTON TO THE BOARD OF DIRECTORS OF MAX RE CAPITAL LTD.	Management	For	For
4	TO ELECT STEVEN M. SKALA TO THE BOARD OF DIRECTORS OF MAX RE CAPITAL LTD.	Management	For	For
5	TO APPROVE AN AMENDMENT TO THE MAX RE CAPITAL 2000 INCENTIVE PLAN, TO INCREASE THE NUMBER OF SHARES FROM 5,000,000 TO 8,000,000.	Management	For	Against
6	TO APPROVE AN AMENDMENT TO THE MAX RE CAPITAL 2000 INCENTIVE PLAN TO ALLOW FOR THE GRANTING OF AWARDS, AS DEFINED IN THE INCENTIVE PLAN, TO THE COMPANY S NON-EMPLOYEE DIRECTORS AS DEFINED IN THE INCENTIVE PLAN.	Management	For	Against
7	AUDITORS. APPOINTMENT OF KPMG, HAMILTON, BERMUDA, AS INDEPENDENT AUDITORS OF MAX RE CAPITAL LTD. FOR 2005.	Management	For	For
8	TO AUTHORIZE THE ELECTION OF WILLIAM H. HEYMAN TO THE BOARD OF DIRECTORS OF MAX RE LTD.	Management	For	For
9	TO AUTHORIZE THE ELECTION OF WILLIS T. KING, JR. TO THE BOARD OF DIRECTORS OF MAX RE LTD.	Management	For	For
10	TO AUTHORIZE THE ELECTION OF PETER A. MINTON TO THE BOARD OF DIRECTORS OF MAX RE LTD.	Management	For	For
11	TO AUTHORIZE THE ELECTION OF STEVEN M. SKALA TO THE BOARD OF DIRECTORS OF MAX RE LTD.	Management	For	For
12	AUDITORS. AUTHORIZE APPOINTMENT OF KPMG, HAMILTON, BERMUDA AS INDEPENDENT AUDITORS FOR MAX RE LTD. FOR 2005.	Management	For	For

ISSUER NAME: MBIA INC. MEETING DATE: 05/05/2005
TICKER: MBI     SECURITY ID: 55262C100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH W. BROWN AS A DIRECTOR	Management	For	For
1.2	ELECT C. EDWARD CHAPLIN AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID C. CLAPP AS A DIRECTOR	Management	For	For
1.4	ELECT GARY C. DUNTON AS A DIRECTOR	Management	For	For
1.5	ELECT CLAIRE L. GAUDIANI AS A DIRECTOR	Management	For	For
1.6	ELECT DANIEL P. KEARNEY AS A DIRECTOR	Management	For	For
1.7	ELECT LAURENCE H. MEYER AS A DIRECTOR	Management	For	For
1.8	ELECT DEBRA J. PERRY AS A DIRECTOR	Management	For	For
1.9	ELECT JOHN A. ROLLS AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE COMPANY S NEW ANNUAL INCENTIVE PLAN FOR PURPOSES OF SECTION 162(M) OF THE INTERNAL REVENUE CODE.1	Management	For	For
3	APPROVAL OF THE COMPANY S NEW OMNIBUS INCENTIVE PLAN.	Management	For	Against
4	APPROVAL OF AN AMENDMENT OF SECTION 8 OF THE COMPANY S CERTIFICATE OF INCORPORATION.	Management	For	For
5	APPROVAL OF AN AMENDMENT TO THE COMPANY S CERTIFICATE OF INCORPORATION TO PERMIT SHAREHOLDERS TO ACT BY MAJORITY WRITTEN CONSENT.	Management	For	For
6	APPROVAL OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MERCURY GENERAL CORPORATION MEETING DATE: 05/11/2005
TICKER: MCY     SECURITY ID: 589400100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GEORGE JOSEPH AS A DIRECTOR	Management	For	For
1.2	ELECT CHARLES E. MCCLUNG AS A DIRECTOR	Management	For	For
1.3	ELECT DONALD R. SPUEHLER AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD E. GRAYSON AS A DIRECTOR	Management	For	For
1.5	ELECT DONALD P. NEWELL AS A DIRECTOR	Management	For	For
1.6	ELECT BRUCE A. BUNNER AS A DIRECTOR	Management	For	For
1.7	ELECT NATHAN BESSIN AS A DIRECTOR	Management	For	For
1.8	ELECT MICHAEL D. CURTIUS AS A DIRECTOR	Management	For	For
1.9	ELECT GABRIEL TIRADOR AS A DIRECTOR	Management	For	For
2	TO APPROVE THE MERCURY GENERAL CORPORATION 2005 EQUITY INCENTIVE AWARD PLAN.	Management	For	Against

ISSUER NAME: METLIFE, INC. MEETING DATE: 04/26/2005
TICKER: MET     SECURITY ID: 59156R108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CHERYL W. GRISE AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES R. HOUGHTON AS A DIRECTOR	Management	For	For
1.3	ELECT HELENE L. KAPLAN AS A DIRECTOR	Management	For	For
1.4	ELECT SYLVIA M. MATHEWS AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM C. STEERE, JR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR FOR 20051	Management	For	For
3	SHAREHOLDER PROPOSAL TO ESTABLISH A BOARD COMMITTEE TO REVIEW SALES PRACTICES	Shareholder	Against	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: MGIC INVESTMENT CORPORATION MEETING DATE: 05/12/2005
TICKER: MTG     SECURITY ID: 552848103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARY K. BUSH AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID S. ENGELMAN AS A DIRECTOR	Management	For	For
1.3	ELECT KENNETH M. JASTROW, II AS A DIRECTOR	Management	For	For
1.4	ELECT DANIEL P. KEARNEY AS A DIRECTOR	Management	For	For
2	APPROVE AMENDMENTS TO THE MGIC INVESTMENT CORPORATION 2002 STOCK INCENTIVE PLAN.	Management	For	For
3	APPROVE A PERFORMANCE FORMULA FOR MAXIMUM ANNUAL BONUS AWARDS.	Management	For	For
4	RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT ACCOUNTANTS OF THE CORPORATION.	Management	For	For

ISSUER NAME: MONTPELIER RE HOLDINGS LTD MEETING DATE: 05/20/2005
TICKER: MRH     SECURITY ID: G62185106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RAYMOND BARRETTE* AS A DIRECTOR1	Management	For	For
1.2	ELECT STEVEN J. GILBERT* AS A DIRECTOR1	Management	For	For
1.3	ELECT JOHN D. GILLESPIE* AS A DIRECTOR1	Management	For	For
1.4	ELECT WILLIAM L. SPIEGEL* AS A DIRECTOR1	Management	For	For
1.5	ELECT ANTHONY TAYLOR** AS A DIRECTOR1	Management	For	For
1.6	ELECT T.G. STORY BUSHER** AS A DIRECTOR1	Management	For	For
1.7	ELECT C.R. FLETCHER, III** AS A DIRECTOR1	Management	For	For
1.8	ELECT KERNAN V. OBERTING** AS A DIRECTOR1	Management	For	For
2	TO APPOINT PRICEWATERHOUSECOOPERS OF HAMILTON, BERMUDA AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005 AND TO AUTHORIZE THE COMPANY S BOARD, ACTING BY THE COMPANY S AUDIT COMMITTEE, TO SET THEIR REMUNERATION.	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: NATIONAL FINANCIAL PARTNERS CORP. MEETING DATE: 05/10/2005
TICKER: NFP     SECURITY ID: 63607P208
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHANIE ABRAMSON AS A DIRECTOR	Management	For	For
1.2	ELECT ARTHUR AINSBERG AS A DIRECTOR	Management	For	For
1.3	ELECT MARC BECKER AS A DIRECTOR	Management	For	For
1.4	ELECT JESSICA BIBLIOWICZ AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN ELLIOTT AS A DIRECTOR	Management	For	For
1.6	ELECT SHARI LOESSBERG AS A DIRECTOR	Management	For	For
1.7	ELECT MARC ROWAN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: NATIONAL INTERSTATE CORPORATION MEETING DATE: 05/24/2005
TICKER: NATL     SECURITY ID: 63654U100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT T.H. ELLIOTT, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT GARY J. GRUBER AS A DIRECTOR	Management	For	For
1.3	ELECT DONALD D. LARSON AS A DIRECTOR	Management	For	For
1.4	ELECT K. BRENT SOMERS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG AS INDEPENDENT PUBLIC ACCOUNTANTS FOR 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: NATIONWIDE FINANCIAL SERVICES, INC. MEETING DATE: 05/04/2005
TICKER: NFS     SECURITY ID: 638612101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH A. ALUTTO AS A DIRECTOR	Management	For	For
1.2	ELECT DONALD L. MCWHORTER AS A DIRECTOR	Management	For	For
1.3	ELECT ARDEN L. SHISLER AS A DIRECTOR	Management	For	For
1.4	ELECT ALEX SHUMATE AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: ODYSSEY RE HOLDINGS CORP. MEETING DATE: 04/20/2005
TICKER: ORH     SECURITY ID: 67612W108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT V. PREM WATSA AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES F. DOWD AS A DIRECTOR	Management	For	For
1.3	ELECT ANDREW A. BARNARD AS A DIRECTOR	Management	For	For
1.4	ELECT FRANK B. BENNETT AS A DIRECTOR	Management	For	For
1.5	ELECT ANTHONY F. GRIFFITHS AS A DIRECTOR	Management	For	For
1.6	ELECT ROBBERT HARTOG AS A DIRECTOR	Management	For	For
1.7	ELECT SAMUEL A. MITCHELL AS A DIRECTOR	Management	For	For
1.8	ELECT BRANDON W. SWEITZER AS A DIRECTOR	Management	For	For

ISSUER NAME: OHIO CASUALTY CORPORATION MEETING DATE: 05/18/2005
TICKER: OCAS     SECURITY ID: 677240103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAN R. CARMICHAEL AS A DIRECTOR	Management	For	For
1.2	ELECT CATHERINE E. DOLAN AS A DIRECTOR	Management	For	For
1.3	ELECT PHILIP G. HEASLEY AS A DIRECTOR	Management	For	For
1.4	ELECT MICHAEL L. WRIGHT AS A DIRECTOR	Management	For	For
2	TO APPROVE THE OHIO CASUALTY CORPORATION 2005 INCENTIVE PLAN.	Management	For	Against

ISSUER NAME: OLD REPUBLIC INTERNATIONAL CORPORATI MEETING DATE: 05/27/2005
TICKER: ORI     SECURITY ID: 680223104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM A. SIMPSON AS A DIRECTOR	Management	For	For
1.2	ELECT ARNOLD L. STEINER AS A DIRECTOR	Management	For	For
1.3	ELECT FREDRICKA TAUBITZ AS A DIRECTOR	Management	For	For
1.4	ELECT A.C. ZUCARO AS A DIRECTOR	Management	For	For

ISSUER NAME: PARTNERRE LTD. MEETING DATE: 05/10/2005
TICKER: PRE     SECURITY ID: G6852T105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JUDITH HANRATTY AS A DIRECTOR	Management	For	For
1.2	ELECT REMY SAUTTER AS A DIRECTOR	Management	For	For
1.3	ELECT PATRICK A. THIELE AS A DIRECTOR	Management	For	For
1.4	ELECT JURGEN ZECH AS A DIRECTOR	Management	For	For
2	TO APPROVE THE PARTNERRE LTD. 2005 EMPLOYEE EQUITY PLAN AND THE RESERVATION OF 1,000,000 ADDITIONAL COMMON SHARES FOR ISSUANCE UNDER THE 2005 EMPLOYEE EQUITY PLAN.	Management	For	Against
3	TO APPROVE AN INCREASE IN THE AUTHORIZED SHARE CAPITAL OF THE COMPANY FROM US$150,000,000 TO US$200,000,000 BY THE CREATION OF 50,000,000 UNDESIGNATED SHARES PAR VALUE US$1.00 PER SHARE.	Management	For	For
4	TO RE-APPOINT DELOITTE & TOUCHE, THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, AS THE COMPANY S INDEPENDENT AUDITORS FOR THE ENSUING PERIOD ENDING WITH THE 2006 ANNUAL GENERAL MEETING AND TO REFER THE DETERMINATION OF AUDITORS REMUNERATION TO THE BOARD OF DIRECTORS.1	Management	For	For
5	TO CONSIDER AND TAKE ACTION WITH RESPECT TO SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE ANNUAL GENERAL MEETING OR ANY ADJOURNMENT OR ADJOURNMENTS THEREOF.	Management	For	Abstain
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: PHILADELPHIA CONSOLIDATED HOLDING CO MEETING DATE: 04/28/2005
TICKER: PHLY     SECURITY ID: 717528103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL J. CASCIO AS A DIRECTOR	Management	For	For
1.2	ELECT ELIZABETH H. GEMMILL AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES J. MAGUIRE AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES J. MAGUIRE, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT MARGARET M. MATTIX AS A DIRECTOR	Management	For	For
1.6	ELECT MICHAEL J. MORRIS AS A DIRECTOR	Management	For	For
1.7	ELECT DONALD A. PIZER AS A DIRECTOR	Management	For	For
1.8	ELECT DIRK A. STUUROP AS A DIRECTOR	Management	For	For
1.9	ELECT SEAN S. SWEENEY AS A DIRECTOR	Management	For	For
2	EMPLOYEES STOCK INCENTIVE AND PERFORMANCE BASED COMPENSATION PLAN: APPROVAL OF AN AMENDMENT AND RESTATEMENT OF THE COMPANY S PLAN.	Management	For	For
3	APPROVAL OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM: APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: PLATINUM UNDERWRITERS HOLDINGS, LTD. MEETING DATE: 04/26/2005
TICKER: PTP     SECURITY ID: G7127P100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT H. FURLONG BALDWIN AS A DIRECTOR	Management	For	For
1.2	ELECT JONATHAN F. BANK AS A DIRECTOR	Management	For	For
1.3	ELECT DAN R. CARMICHAEL AS A DIRECTOR	Management	For	For
1.4	ELECT NEILL A. CURRIE AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT V. DEUTSCH AS A DIRECTOR	Management	For	For
1.6	ELECT GREGORY E.A. MORRISON AS A DIRECTOR	Management	For	For
1.7	ELECT STEVEN H. NEWMAN AS A DIRECTOR	Management	For	For
1.8	ELECT PETER T. PRUITT AS A DIRECTOR	Management	For	For
2	TO CONSIDER AND TAKE ACTION UPON A PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2005 FISCAL YEAR.	Management	For	For

ISSUER NAME: PRINCIPAL FINANCIAL GROUP, INC. MEETING DATE: 05/17/2005
TICKER: PFG     SECURITY ID: 74251V102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BETSY J. BERNARD AS A DIRECTOR	Management	For	For
1.2	ELECT JOCELYN CARTER-MILLER AS A DIRECTOR	Management	For	For
1.3	ELECT GARY E. COSTLEY AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM T. KERR AS A DIRECTOR	Management	For	For
2	APPROVAL OF 2005 DIRECTORS STOCK PLAN	Management	For	Against
3	RATIFICATION OF AUDITORS	Management	For	For
4	APPROVAL OF 2005 STOCK INCENTIVE PLAN	Management	For	Against

ISSUER NAME: PROTECTIVE LIFE CORPORATION MEETING DATE: 05/02/2005
TICKER: PL     SECURITY ID: 743674103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN J. MCMAHON, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES S.M. FRENCH AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN D. JOHNS AS A DIRECTOR	Management	For	For
1.4	ELECT DONALD M. JAMES AS A DIRECTOR	Management	For	For
1.5	ELECT J. GARY COOPER AS A DIRECTOR	Management	For	For
1.6	ELECT H. CORBIN DAY AS A DIRECTOR	Management	For	For
1.7	ELECT W. MICHAEL WARREN, JR. AS A DIRECTOR	Management	For	For
1.8	ELECT MALCOLM PORTERA AS A DIRECTOR	Management	For	For
1.9	ELECT THOMAS L. HAMBY AS A DIRECTOR	Management	For	For
1.10	ELECT VANESSA LEONARD AS A DIRECTOR	Management	For	For
1.11	ELECT WILLIAM A. TERRY AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS.	Management	For	For

ISSUER NAME: PRUDENTIAL FINANCIAL, INC. MEETING DATE: 06/07/2005
TICKER: PRU     SECURITY ID: 744320102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES G. CULLEN AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES A. UNRUH AS A DIRECTOR	Management	For	For
1.3	ELECT GORDON M. BETHUNE AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2005.	Management	For	For
3	APPROVAL TO AMEND THE COMPANY S CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD OF DIRECTORS.	Management	For	For
4	APPROVAL OF THE PRUDENTIAL FINANCIAL, INC. EMPLOYEE STOCK PURCHASE PLAN.	Management	For	Against

ISSUER NAME: PXRE GROUP LTD. MEETING DATE: 04/26/2005
TICKER: PXT     SECURITY ID: G73018106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WENDY LUSCOMBE AS A DIRECTOR	Management	For	For
1.2	ELECT JEFFREY L. RADKE AS A DIRECTOR	Management	For	For
2	TO APPROVE THE RECOMMENDATION OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS THAT KPMG LLP BE APPOINTED AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005 AND TO REFER THE DETERMINATION OF THE INDEPENDENT AUDITORS REMUNERATION TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS.	Management	For	For
3	TO APPROVE CERTAIN AMENDMENTS TO THE COMPANY S BYE-LAWS.	Management	For	For

ISSUER NAME: RADIAN GROUP INC. MEETING DATE: 05/10/2005
TICKER: RDN     SECURITY ID: 750236101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID C. CARNEY AS A DIRECTOR	Management	For	For
1.2	ELECT HOWARD B. CULANG AS A DIRECTOR	Management	For	For
1.3	ELECT STEPHEN T. HOPKINS AS A DIRECTOR	Management	For	For
1.4	ELECT SANFORD A. IBRAHIM AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES W. JENNINGS AS A DIRECTOR	Management	For	For
1.6	ELECT ROY J. KASMAR AS A DIRECTOR	Management	For	For
1.7	ELECT RONALD W. MOORE AS A DIRECTOR	Management	For	For
1.8	ELECT JAN NICHOLSON AS A DIRECTOR	Management	For	For
1.9	ELECT ROBERT W. RICHARDS AS A DIRECTOR	Management	For	For
1.10	ELECT ANTHONY W. SCHWEIGER AS A DIRECTOR	Management	For	For
1.11	ELECT HERBERT WENDER AS A DIRECTOR	Management	For	For
2	TO CONSIDER AND VOTE ON A PROPOSAL TO APPROVE THE MATERIAL TERMS OF THE RADIAN GROUP INC. PERFORMANCE SHARE PLAN.	Management	For	For
3	TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS RADIAN S INDEPENDENT AUDITOR FOR THE YEAR ENDING DECEMBER 31, 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: REINSURANCE GROUP OF AMERICA, INC. MEETING DATE: 05/25/2005
TICKER: RGA     SECURITY ID: 759351109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J. CLIFF EASON AS A DIRECTOR	Management	For	For
1.2	ELECT JOSEPH A. REALI AS A DIRECTOR	Management	For	For

ISSUER NAME: RENAISSANCERE HOLDINGS LTD. MEETING DATE: 08/31/2004
TICKER: RNR     SECURITY ID: G7496G103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE THE RENAISSANCERE HOLDINGS LTD. 2004 STOCK INCENTIVE PLAN.	Management	For	For

ISSUER NAME: RLI CORP. MEETING DATE: 05/05/2005
TICKER: RLI     SECURITY ID: 749607107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN T. BAILY AS A DIRECTOR	Management	For	For
1.2	ELECT JORDAN W. GRAHAM AS A DIRECTOR	Management	For	For
1.3	ELECT GERALD I. LENROW AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE RLI CORP. OMNIBUS STOCK PLAN	Management	For	Against
3	RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For

ISSUER NAME: SAFECO CORPORATION MEETING DATE: 05/04/2005
TICKER: SAFC     SECURITY ID: 786429100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH W. BROWN AS A DIRECTOR	Management	For	For
1.2	ELECT PHYLLIS J. CAMPBELL AS A DIRECTOR	Management	For	For
1.3	ELECT KERRY KILLINGER AS A DIRECTOR	Management	For	For
1.4	ELECT GARY LOCKE AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS SAFECO S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.1	Management	For	For
3	APPROVE PROGRAM TO QUALIFY EXECUTIVE COMPENSATION FOR TAX DEDUCTIBILITY.	Management	For	For
4	APPROVE THE SAFECO LONG-TERM INCENTIVE PLAN OF 1997 AS AMENDED AND RESTATED FEBRUARY 2, 2005.	Management	For	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SCOTTISH RE GROUP LIMITED MEETING DATE: 04/07/2005
TICKER: SCT     SECURITY ID: G7885T104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	AMENDMENTS TO THE COMPANY S ARTICLES OF ASSOCIATION.	Management	For	For
2	ISSUANCE OF ORDINARY SHARES UPON CONVERSION OF CERTAIN NOTES WHICH WERE ISSUED TO THE CYPRESS ENTITIES ON DECEMBER 31, 2004 (OR UPON EXERCISE OF CERTAIN WARRANTS FOR WHICH THE NOTES ARE EXCHANGEABLE PURSUANT TO THEIR TERMS, AS APPLICABLE).1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: SCOTTISH RE GROUP LIMITED MEETING DATE: 05/04/2005
TICKER: SCT     SECURITY ID: G7885T104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BILL CAULFEILD-BROWNE* AS A DIRECTOR1	Management	For	For
1.2	ELECT ROBERT M. CHMELY* AS A DIRECTOR1	Management	For	For
1.3	ELECT WILLIAM SPIEGEL* AS A DIRECTOR1	Management	For	For
1.4	ELECT JEAN CLAUDE DAMERVAL** AS A DIRECTOR1	Management	For	For
2	RATIFICATION OF ERNST & YOUNG AS INDEPENDENT AUDITORS.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: STANCORP FINANCIAL GROUP, INC. MEETING DATE: 05/09/2005
TICKER: SFG     SECURITY ID: 852891100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FREDERICK W. BUCKMAN AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN E. CHAPOTON AS A DIRECTOR	Management	For	For
1.3	ELECT WANDA G. HENTON AS A DIRECTOR	Management	For	For
1.4	ELECT RONALD E. TIMPE AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Management	For	For

ISSUER NAME: THE ALLSTATE CORPORATION MEETING DATE: 05/17/2005
TICKER: ALL     SECURITY ID: 020002101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT F. DUANE ACKERMAN AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES G. ANDRESS AS A DIRECTOR	Management	For	For
1.3	ELECT EDWARD A. BRENNAN AS A DIRECTOR	Management	For	For
1.4	ELECT W. JAMES FARRELL AS A DIRECTOR	Management	For	For
1.5	ELECT JACK M. GREENBERG AS A DIRECTOR	Management	For	For
1.6	ELECT RONALD T. LEMAY AS A DIRECTOR	Management	For	For
1.7	ELECT EDWARD M. LIDDY AS A DIRECTOR	Management	For	For
1.8	ELECT J. CHRISTOPHER REYES AS A DIRECTOR	Management	For	For
1.9	ELECT H. JOHN RILEY, JR. AS A DIRECTOR	Management	For	For
1.10	ELECT JOSHUA I. SMITH AS A DIRECTOR	Management	For	For
1.11	ELECT JUDITH A. SPRIESER AS A DIRECTOR	Management	For	For
1.12	ELECT MARY ALICE TAYLOR AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS FOR 2005.1	Management	For	For
3	PROVIDE CUMULATIVE VOTING FOR BOARD OF DIRECTORS.	Shareholder	Against	Abstain
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE HARTFORD FINANCIAL SVCS GROUP, I MEETING DATE: 05/18/2005
TICKER: HIG     SECURITY ID: 416515104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RAMANI AYER AS A DIRECTOR	Management	For	For
1.2	ELECT RONALD E. FERGUSON AS A DIRECTOR	Management	For	For
1.3	ELECT EDWARD J. KELLY, III AS A DIRECTOR	Management	For	For
1.4	ELECT PAUL G. KIRK, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS M. MARRA AS A DIRECTOR	Management	For	For
1.6	ELECT GAIL J. MCGOVERN AS A DIRECTOR	Management	For	For
1.7	ELECT MICHAEL G. MORRIS AS A DIRECTOR	Management	For	For
1.8	ELECT ROBERT W. SELANDER AS A DIRECTOR	Management	For	For
1.9	ELECT CHARLES B. STRAUSS AS A DIRECTOR	Management	For	For
1.10	ELECT H. PATRICK SWYGERT AS A DIRECTOR	Management	For	For
1.11	ELECT DAVID K. ZWIENER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.1	Management	For	For
3	APPROVAL OF THE HARTFORD 2005 INCENTIVE STOCK PLAN	Management	For	For
4	APPROVAL OF MATERIAL TERMS OF EXECUTIVE OFFICER PERFORMANCE GOALS FOR INCENTIVE AWARDS	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE PHOENIX COMPANIES, INC. MEETING DATE: 04/28/2005
TICKER: PNX     SECURITY ID: 71902E109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT SAL H. ALFIERO AS A DIRECTOR	Management	For	For
1.2	ELECT MARTIN N. BAILY AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN H. FORSGREN AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN E. HAIRE AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS S. JOHNSON AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE PHOENIX COMPANIES, INC. ANNUAL INCENTIVE PLAN FOR EXECUTIVE OFFICERS.	Management	For	For
3	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITOR.	Management	For	For

ISSUER NAME: THE PMI GROUP, INC. MEETING DATE: 05/19/2005
TICKER: PMI     SECURITY ID: 69344M101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARIANN BYERWALTER AS A DIRECTOR	Management	For	For
1.2	ELECT DR. JAMES C. CASTLE AS A DIRECTOR	Management	For	For
1.3	ELECT CARMINE GUERRO AS A DIRECTOR	Management	For	For
1.4	ELECT W. ROGER HAUGHTON AS A DIRECTOR	Management	For	For
1.5	ELECT WAYNE E. HEDIEN AS A DIRECTOR	Management	For	For
1.6	ELECT LOUIS G. LOWER II AS A DIRECTOR	Management	For	For
1.7	ELECT RAYMOND L. OCAMPO JR. AS A DIRECTOR	Management	For	For
1.8	ELECT JOHN D. ROACH AS A DIRECTOR	Management	For	For
1.9	ELECT DR. KENNETH T. ROSEN AS A DIRECTOR	Management	For	For
1.10	ELECT STEVEN L. SCHEID AS A DIRECTOR	Management	For	For
1.11	ELECT L. STEPHEN SMITH AS A DIRECTOR	Management	For	For
1.12	ELECT RICHARD L. THOMAS AS A DIRECTOR	Management	For	For
1.13	ELECT JOSE H. VILLARREAL AS A DIRECTOR	Management	For	For
1.14	ELECT MARY LEE WIDENER AS A DIRECTOR	Management	For	For
1.15	ELECT RONALD H. ZECH AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2005.1	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: THE ST. PAUL TRAVELERS COMPANIES, IN MEETING DATE: 07/28/2004
TICKER: STA     SECURITY ID: 792860108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT H.P. BERKOWITZ AS A DIRECTOR	Management	For	For
1.2	ELECT K.J. BIALKIN AS A DIRECTOR	Management	For	For
1.3	ELECT C.H. BYRD AS A DIRECTOR	Management	For	For
1.4	ELECT J.H. DASBURG AS A DIRECTOR	Management	For	For
1.5	ELECT L.B. DISHAROON AS A DIRECTOR	Management	For	For
1.6	ELECT J.M. DOLAN AS A DIRECTOR	Management	For	For
1.7	ELECT K.M. DUBERSTEIN AS A DIRECTOR	Management	For	For
1.8	ELECT J.S. FISHMAN AS A DIRECTOR	Management	For	For
1.9	ELECT L.G. GRAEV AS A DIRECTOR	Management	For	For
1.10	ELECT M.D. HARTZBAND AS A DIRECTOR	Management	For	For
1.11	ELECT T.R. HODGSON AS A DIRECTOR	Management	For	For
1.12	ELECT W.H. KLING AS A DIRECTOR	Management	For	For
1.13	ELECT J.A. LAWRENCE AS A DIRECTOR	Management	For	For
1.14	ELECT R.I. LIPP AS A DIRECTOR	Management	For	For
1.15	ELECT B.J. MCGARVIE AS A DIRECTOR	Management	For	For
1.16	ELECT G.D. NELSON, MD AS A DIRECTOR	Management	For	For
1.17	ELECT C. OTIS, JR. AS A DIRECTOR	Management	For	For
1.18	ELECT J.M. PEEK AS A DIRECTOR	Management	For	For
1.19	ELECT N.A. ROSEMAN AS A DIRECTOR	Management	For	For
1.20	ELECT C.W. SCHARF AS A DIRECTOR	Management	For	For
1.21	ELECT G.M. SPRENGER AS A DIRECTOR	Management	For	For
1.22	ELECT F.J. TASCO AS A DIRECTOR	Management	For	For
1.23	ELECT L.J. THOMSEN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS ST. PAUL TRAVELERS INDEPENDENT AUDITORS FOR 2004.	Management	For	For
3	PROPOSAL TO APPROVE THE ST. PAUL TRAVELERS COMPANIES, INC. 2004 STOCK INCENTIVE PLAN.	Management	For	Against

ISSUER NAME: THE ST. PAUL TRAVELERS COMPANIES, IN MEETING DATE: 05/03/2005
TICKER: STA     SECURITY ID: 792860108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN H. DASBURG AS A DIRECTOR	Management	For	For
1.2	ELECT LESLIE B. DISHAROON AS A DIRECTOR	Management	For	For
1.3	ELECT JANET M. DOLAN AS A DIRECTOR	Management	For	For
1.4	ELECT KENNETH M. DUBERSTEIN AS A DIRECTOR	Management	For	For
1.5	ELECT JAY S. FISHMAN AS A DIRECTOR	Management	For	For
1.6	ELECT LAWRENCE G. GRAEV AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS R. HODGSON AS A DIRECTOR	Management	For	For
1.8	ELECT ROBERT I. LIPP AS A DIRECTOR	Management	For	For
1.9	ELECT BLYTHE J. MCGARVIE AS A DIRECTOR	Management	For	For
1.10	ELECT GLEN D. NELSON, MD AS A DIRECTOR	Management	For	For
1.11	ELECT CLARENCE OTIS, JR. AS A DIRECTOR	Management	For	For
1.12	ELECT CHARLES W. SCHARF AS A DIRECTOR	Management	For	For
1.13	ELECT LAURIE J. THOMSEN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS ST. PAUL TRAVELERS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.	Management	For	For

ISSUER NAME: TORCHMARK CORPORATION MEETING DATE: 04/28/2005
TICKER: TMK     SECURITY ID: 891027104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARK S. MCANDREW AS A DIRECTOR	Management	For	For
1.2	ELECT SAM R. PERRY AS A DIRECTOR	Management	For	For
1.3	ELECT LAMAR C. SMITH AS A DIRECTOR	Management	For	For
2	RATIFICATION OF AUDITORS	Management	For	For
3	2005 NON-EMPLOYEE DIRECTOR INCENTIVE PLAN	Management	For	Against
4	2005 INCENTIVE PLAN	Management	For	Against
5	SHAREHOLDER PROPOSAL	Shareholder	Against	Against

ISSUER NAME: TRANSATLANTIC HOLDINGS, INC. MEETING DATE: 05/19/2005
TICKER: TRH     SECURITY ID: 893521104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES BALOG AS A DIRECTOR	Management	For	For
1.2	ELECT STEVEN J. BENSINGER AS A DIRECTOR	Management	For	For
1.3	ELECT C. FRED BERGSTEN AS A DIRECTOR	Management	For	For
1.4	ELECT TOMIO HIGUCHI AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN J. MACKOWSKI AS A DIRECTOR	Management	For	For
1.6	ELECT ROBERT F. ORLICH AS A DIRECTOR	Management	For	For
1.7	ELECT MARTIN J. SULLIVAN AS A DIRECTOR	Management	For	For
1.8	ELECT THOMAS R. TIZZIO AS A DIRECTOR	Management	For	For
2	PROPOSAL TO SELECT PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS.	Management	For	For

ISSUER NAME: U.S.I. HOLDINGS CORPORATION MEETING DATE: 05/25/2005
TICKER: USIH     SECURITY ID: 90333H101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ESLICK, DAVID L. AS A DIRECTOR	Management	For	For
1.2	ELECT FRIEDEN, RONALD E. AS A DIRECTOR	Management	For	For
1.3	ELECT HAVERLAND, RICHARD M. AS A DIRECTOR	Management	For	For
1.4	ELECT HAYES, THOMAS A. AS A DIRECTOR	Management	For	For
1.5	ELECT LYTLE, L. BEN AS A DIRECTOR	Management	For	For
1.6	ELECT SPASS, ROBERT A. AS A DIRECTOR	Management	For	For
1.7	ELECT WRIGHT, ROBERT F. AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION	Management	For	For

ISSUER NAME: UICI MEETING DATE: 05/18/2005
TICKER: UCI     SECURITY ID: 902737105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RONALD L. JENSEN AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM J. GEDWED AS A DIRECTOR	Management	For	For
1.3	ELECT GLENN W. REED AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD T. MOCKLER AS A DIRECTOR	Management	For	For
1.5	ELECT MURAL R. JOSEPHSON AS A DIRECTOR	Management	For	For
1.6	ELECT R.H. MICK THOMPSON AS A DIRECTOR	Management	For	For
1.7	ELECT DENNIS C. MCCUISTION AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE 2005 RESTRICTED STOCK PLAN.	Management	For	For
3	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT AUDITORS FOR THE COMPANY.	Management	For	For

ISSUER NAME: UNUMPROVIDENT CORPORATION MEETING DATE: 05/12/2005
TICKER: UNM     SECURITY ID: 91529Y106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JON S. FOSSEL AS A DIRECTOR	Management	For	For
1.2	ELECT GLORIA C. LARSON AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM J. RYAN AS A DIRECTOR	Management	For	For
1.4	ELECT THOMAS R. WATJEN AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDMENTS TO THE STOCK PLAN OF 1999.	Management	For	For
3	RATIFICATION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS.1	Management	For	For
4	STOCKHOLDER PROPOSAL RE: AMENDMENT TO BYLAWS REQUIRING ELECTION OF DIRECTORS BY MAJORITY INSTEAD OF PLURALITY VOTE.	Management	Unknown	Against
5	STOCKHOLDER PROPOSAL RE: ESTABLISHMENT OF OFFICE OF BOARD OF DIRECTORS TO ENABLE DIRECT COMMUNICATIONS ON CORPORATE GOVERNANCE MATTERS.	Shareholder	Against	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: W. R. BERKLEY CORPORATION MEETING DATE: 05/10/2005
TICKER: BER     SECURITY ID: 084423102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RODNEY A. HAWES, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT JACK H. NUSBAUM AS A DIRECTOR	Management	For	For
1.3	ELECT MARK L. SHAPIRO AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR W.R. BERKLEY CORPORATION FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For

ISSUER NAME: WELLPOINT, INC. MEETING DATE: 05/10/2005
TICKER: WLP     SECURITY ID: 94973V107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM H.T. BUSH AS A DIRECTOR	Management	For	For
1.2	ELECT WARREN Y. JOBE AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM G. MAYS AS A DIRECTOR	Management	For	For
1.4	ELECT SEN. DONALD W RIEGLE JR AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM J. RYAN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR 2005.1	Management	For	For
3	TO ACT ON A SHAREHOLDER PROPOSAL ON PERFORMANCE BASED COMPENSATION, IF PROPERLY PRESENTED AT THE MEETING.	Shareholder	Against	Against
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: WILLIS GROUP HOLDINGS LIMITED MEETING DATE: 04/29/2005
TICKER: WSH     SECURITY ID: G96655108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GORDON M. BETHUNE AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM W. BRADLEY AS A DIRECTOR	Management	For	For
1.3	ELECT JOSEPH A. CALIFANO, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES R. FISHER AS A DIRECTOR	Management	For	For
1.5	ELECT PERRY GOLKIN AS A DIRECTOR	Management	For	For
1.6	ELECT PAUL M. HAZEN AS A DIRECTOR	Management	For	For
1.7	ELECT WENDY E. LANE AS A DIRECTOR	Management	For	For
1.8	ELECT JAMES F. MCCANN AS A DIRECTOR	Management	For	For
1.9	ELECT SCOTT C. NUTTALL AS A DIRECTOR	Management	For	For
1.10	ELECT JOSEPH J. PLUMERI AS A DIRECTOR	Management	For	For
1.11	ELECT DOUGLAS B. ROBERTS AS A DIRECTOR	Management	For	For
2	REAPPOINTMENT AND REMUNERATION OF DELOITTE & TOUCHE AS INDEPENDENT AUDITORS1	Management	For	For
3	AMENDMENTS TO THE 2001 SHARE PURCHASE AND OPTION PLAN: INCREASE IN THE NUMBER OF SHARES AVAILABLE	Management	For	Against
4	AMENDMENTS TO THE 2001 SHARE PURCHASE AND OPTION PLAN: INCLUSION OF NON-EMPLOYEE DIRECTORS IN THE 2001 PLAN	Management	For	Against
5	ADOPTION OF THE WILLIS GROUP SENIOR MANAGEMENT INCENTIVE PLAN	Management	For	For
6	AMENDMENTS TO THE COMPANY S BYE-LAWS: BYE-LAW 133(II), INCREASE IN MAXIMUM RECORD DATE PERIOD1	Management	For	For
7	AMENDMENTS TO THE COMPANY S BYE-LAWS: BYE-LAW 149 SUBSTITUTION OF MAY WITH SHALL TO THE MAXIMUM EXTENT PERMITTED BY LAW	Management	For	For
1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions.

ISSUER NAME: XL CAPITAL LTD MEETING DATE: 04/29/2005
TICKER: XL     SECURITY ID: G98255105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL P. ESPOSITO, JR AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT R. GLAUBER AS A DIRECTOR	Management	For	For
1.3	ELECT CYRIL RANCE AS A DIRECTOR	Management	For	For
1.4	ELECT ELLEN E. THROWER AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP, NEW YORK, NEW YORK, TO ACT AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005.	Management	For	For
3	TO APPROVE THE AMENDMENT AND RESTATEMENT OF THE COMPANY S 1991 PERFORMANCE INCENTIVE PROGRAM.	Management	For	Against

ISSUER NAME: ZENITH NATIONAL INSURANCE CORP. MEETING DATE: 05/18/2005
TICKER: ZNT     SECURITY ID: 989390109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MAX M. KAMPELMAN AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT J. MILLER AS A DIRECTOR	Management	For	For
1.3	ELECT LEON E. PANETTA AS A DIRECTOR	Management	For	For
1.4	ELECT CATHERINE B. REYNOLDS AS A DIRECTOR	Management	For	For
1.5	ELECT ALAN I. ROTHENBERG AS A DIRECTOR	Management	For	For
1.6	ELECT WILLIAM S. SESSIONS AS A DIRECTOR	Management	For	For
1.7	ELECT GERALD TSAI, JR. AS A DIRECTOR	Management	For	For
1.8	ELECT MICHAEL WM. ZAVIS AS A DIRECTOR	Management	For	For
1.9	ELECT STANLEY R. ZAX AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE AMENDED AND RESTATED 2004 RESTRICTED STOCK PLAN.	Management	For	Against
3	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS ZENITH S INDEPENDENT AUDITORS FOR 2005.	Management	For	For