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 Biotechnology 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 29

DATE OF REPORTING PERIOD: 06/30/2004

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: 08/25/2004 09:54:31 AM

EXHIBIT A

VOTE SUMMARY REPORT
Select Biotechnology Portfolio
07/01/2003 - 06/30/2004

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: ABGENIX, INC. MEETING DATE: 06/07/2004
TICKER: ABGX     SECURITY ID: 00339B107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT R. SCOTT GREER AS A DIRECTOR	Management	For	For
1.2	ELECT M.K. BEHRENS, PH.D. AS A DIRECTOR	Management	For	For
1.3	ELECT R.S. KUCHERLAPATI, PHD AS A DIRECTOR	Management	For	For
1.4	ELECT KENNETH B. LEE, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT MARK B. LOGAN AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS G. WIGGANS AS A DIRECTOR	Management	For	For
1.7	ELECT RAYMOND M. WITHY, PH.D. AS A DIRECTOR	Management	For	For

ISSUER NAME: ACTELION LTD., ALLSCHWIL MEETING DATE: 04/30/2004
TICKER: --     SECURITY ID: H0032X135
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PLEASE NOTE THIS IS PART II OF MEETING NOTICE SENT UNDER MEETING #125009, INCLUDING THE AGENDA. TO VOTE IN THE UPCOMING MEETING, YOUR NAME MUST BE NOTIFIED TO THE COMPANY REGISTRAR AS BENEFICIAL OWNER BEFORE THE RE-REGISTRATION DEADLINE. THEREFORE, ADP CUTOFF DATE FOR THIS MEETING IS CALCULATED BASED ON THE RE-REGISTRATION DEADLINE SET BY THE MARKET. HOWEVER, SHAREHOLDERS THAT ARE ALREADY REGISTERED AT THE COMPANY BOOKS ARE ENTITLED TO SUBMIT THEIR VOTING INSTRUCTIONS UP UNTIL 04/19/2004 (ADP ...	N/A	N/A	N/A
2	THE PRACTICE OF SHARE BLOCKING VARIES WIDELY IN THIS MARKET. PLEASE CONTACT YOUR ADP CLIENT SERVICE REPRESENTATIVE TO OBTAIN BLOCKING INFORMATION FOR YOUR ACCOUNTS.	N/A	N/A	N/A
3	RECEIVE THE BUSINESS REPORT OF THE BOARD OF DIRECTORS WITH ANNUAL REPORT, THEANNUAL ACCOUNTS AND THE ACCOUNTS OF THE GROUP 2003	Management	Unknown	Take No Action
4	RECEIVE THE REPORTS OF THE AUDITORS AND THE GROUP AUDITOR	Management	Unknown	Take No Action
5	APPROVE THE BUSINESS REPORT WITH ANNUAL ACCOUNTS AND THE ACCOUNTS OF THE GROUP 2003	Management	Unknown	Take No Action
6	APPROVE THE APPROPRIATION OF THE BUSINESS RESULT	Management	Unknown	Take No Action
7	GRANT DISCHARGE TO THE BOARD OF DIRECTORS AND MANAGEMENT	Management	Unknown	Take No Action
8	ELECT THE BOARD OF DIRECTORS	Management	Unknown	Take No Action
9	ELECT THE AUDITORS AND THE GROUP AUDITOR	Management	Unknown	Take No Action
10	APPROVE THE MODIFICATION OF THE SHARE CAPITAL STRUCTURE AND THE MODIFICATION OF THE BY-LAWS	Management	Unknown	Take No Action
11	MISCELLANEOUS	Management	Unknown	Take No Action

ISSUER NAME: AFFYMETRIX, INC. MEETING DATE: 06/10/2004
TICKER: AFFX     SECURITY ID: 00826T108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHEN P.A. FODOR, PHD AS A DIRECTOR	Management	For	For
1.2	ELECT PAUL BERG, PH.D. AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN D. DIEKMAN, PH.D. AS A DIRECTOR	Management	For	For
1.4	ELECT VERNON R. LOUCKS, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT SUSAN E. SIEGEL AS A DIRECTOR	Management	For	For
1.6	ELECT DAVID B. SINGER AS A DIRECTOR	Management	For	For
1.7	ELECT JOHN A. YOUNG AS A DIRECTOR	Management	For	For
2	TO APPROVE OUR AMENDED AND RESTATED 2000 EQUITY INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: ALKERMES, INC. MEETING DATE: 09/09/2003
TICKER: ALKS     SECURITY ID: 01642T108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FLOYD E. BLOOM AS A DIRECTOR	Management	For	Withhold
1.2	ELECT ROBERT A. BREYER AS A DIRECTOR	Management	For	Withhold
1.3	ELECT GERRI HENWOOD AS A DIRECTOR	Management	For	Withhold
1.4	ELECT PAUL J. MITCHELL AS A DIRECTOR	Management	For	Withhold
1.5	ELECT RICHARD F. POPS AS A DIRECTOR	Management	For	Withhold
1.6	ELECT ALEXANDER RICH AS A DIRECTOR	Management	For	Withhold
1.7	ELECT PAUL SCHIMMEL AS A DIRECTOR	Management	For	Withhold
1.8	ELECT MICHAEL A. WALL AS A DIRECTOR	Management	For	Withhold
2	TO APPROVE AN AMENDMENT TO THE 1999 STOCK OPTION PLAN TO INCREASE TO 14,400,000 THE NUMBER OF SHARES ISSUABLE UPON EXERCISE OF OPTIONS GRANTED THEREUNDER, AN INCREASE OF 3,000,000 SHARES.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS TO INCREASE TO 1,000,000 THE NUMBER OF SHARES ISSUABLE UPON EXERCISE OF OPTIONS GRANTED THEREUNDER, AN INCREASE OF 500,000 SHARES.	Management	For	For

ISSUER NAME: AMGEN INC. MEETING DATE: 05/13/2004
TICKER: AMGN     SECURITY ID: 031162100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MR. FRANK J. BIONDI, JR AS A DIRECTOR	Management	For	For
1.2	ELECT MR. JERRY D. CHOATE AS A DIRECTOR	Management	For	For
1.3	ELECT MR. FRANK C. HERRINGER AS A DIRECTOR	Management	For	For
1.4	ELECT DR. GILBERT S. OMENN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	STOCKHOLDER PROPOSAL #1 (EEO-1 REPORT).	Shareholder	Against	Against
4	STOCKHOLDER PROPOSAL #2 (STOCK OPTION EXPENSING).	Shareholder	Against	Against

ISSUER NAME: AMYLIN PHARMACEUTICALS, INC. MEETING DATE: 05/05/2004
TICKER: AMLN     SECURITY ID: 032346108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT VAUGHN D. BRYSON AS A DIRECTOR	Management	For	For
1.2	ELECT JOSEPH C. COOK, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT GINGER L. GRAHAM AS A DIRECTOR	Management	For	For
1.4	ELECT HOWARD E. GREENE, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT TERRANCE H. GREGG AS A DIRECTOR	Management	For	For
1.6	ELECT JAY S. SKYLER AS A DIRECTOR	Management	For	For
1.7	ELECT JOSEPH P. SULLIVAN AS A DIRECTOR	Management	For	For
1.8	ELECT THOMAS R. TESTMAN AS A DIRECTOR	Management	For	For
1.9	ELECT JAMES N. WILSON AS A DIRECTOR	Management	For	For
2	TO APPROVE AN INCREASE IN THE AGGREGATE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE COMPANY S 2001 EMPLOYEE STOCK PURCHASE PLAN BY 750,000 SHARES.	Management	For	For
3	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR ITS FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: BARR LABORATORIES, INC. MEETING DATE: 10/23/2003
TICKER: BRL     SECURITY ID: 068306109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BRUCE L. DOWNEY AS A DIRECTOR	Management	For	For
1.2	ELECT PAUL M. BISARO AS A DIRECTOR	Management	For	For
1.3	ELECT CAROLE S. BEN-MAIMON AS A DIRECTOR	Management	For	For
1.4	ELECT GEORGE P. STEPHAN AS A DIRECTOR	Management	For	For
1.5	ELECT JACK M. KAY AS A DIRECTOR	Management	For	For
1.6	ELECT HAROLD N. CHEFITZ AS A DIRECTOR	Management	For	For
1.7	ELECT RICHARD R. FRANKOVIC AS A DIRECTOR	Management	For	For
1.8	ELECT PETER R. SEAVER AS A DIRECTOR	Management	For	For
1.9	ELECT JAMES S. GILMORE, III AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE REINCORPORATION OF THE COMPANY IN THE STATE OF DELAWARE.	Management	For	For
3	APPROVAL OF AN INCREASE IN THE NUMBER OF AUTHORIZED SHARES OF THE COMPANY S COMMON STOCK FROM 100,000,000 TO 200,000,000.	Management	For	For

ISSUER NAME: BIOGEN IDEC INC. MEETING DATE: 06/16/2004
TICKER: BIIB     SECURITY ID: 09062X103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ALAN BELZER AS A DIRECTOR	Management	For	For
1.2	ELECT MARY L. GOOD AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES C. MULLEN AS A DIRECTOR	Management	For	For
1.4	ELECT BRUCE R. ROSS AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: BIOGEN, INC. MEETING DATE: 11/12/2003
TICKER: BGEN     SECURITY ID: 090597105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JUNE 20, 2003, BY AND AMONG IDEC PHARMACEUTICALS CORPORATION, BRIDGES MERGER CORPORATION AND BIOGEN.	Management	For	For
2	TO APPROVE ANY PROPOSAL TO ADJOURN THE MEETING TO A LATER DATE, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES IN FAVOR OF APPROVAL OF THE AGREEMENT AND PLAN OF MERGER.	Management	For	For

ISSUER NAME: BIOMARIN PHARMACEUTICAL INC. MEETING DATE: 05/05/2004
TICKER: BMRN     SECURITY ID: 09061G101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FREDRIC D. PRICE AS A DIRECTOR	Management	For	For
1.2	ELECT FRANZ L. CRISTIANI AS A DIRECTOR	Management	For	For
1.3	ELECT ELAINE J. HERON AS A DIRECTOR	Management	For	For
1.4	ELECT PIERRE LAPALME AS A DIRECTOR	Management	For	For
1.5	ELECT ERICH SAGER AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN URQUHART AS A DIRECTOR	Management	For	For
1.7	ELECT GWYNN R. WILLIAMS AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION BY THE BOARD OF DIRECTORS OF KPMG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: BOSTON SCIENTIFIC CORPORATION MEETING DATE: 10/06/2003
TICKER: BSX     SECURITY ID: 101137107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE AN AMENDMENT TO THE COMPANY S SECOND RESTATED CERTIFICATE OF INCORPORATION.	Management	For	For

ISSUER NAME: CELGENE CORPORATION MEETING DATE: 06/15/2004
TICKER: CELG     SECURITY ID: 151020104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN W. JACKSON AS A DIRECTOR	Management	For	For
1.2	ELECT SOL J. BARER, PH.D. AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT J. HUGIN AS A DIRECTOR	Management	For	For
1.4	ELECT JACK L. BOWMAN AS A DIRECTOR	Management	For	For
1.5	ELECT FRANK T. CARY AS A DIRECTOR	Management	For	For
1.6	ELECT MICHAEL D. CASEY AS A DIRECTOR	Management	For	For
1.7	ELECT A. HULL HAYES, JR, M.D. AS A DIRECTOR	Management	For	For
1.8	ELECT GILLA KAPLAN, PH.D. AS A DIRECTOR	Management	For	For
1.9	ELECT RICHARD C.E. MORGAN AS A DIRECTOR	Management	For	For
1.10	ELECT WALTER L. ROBB, PH.D. AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE THE TOTAL NUMBER OF SHARES OF STOCK THAT WE ARE AUTHORIZED TO ISSUE TO 280,000,000	Management	For	For
3	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004	Management	For	For

ISSUER NAME: CELL GENESYS, INC. MEETING DATE: 06/10/2004
TICKER: CEGE     SECURITY ID: 150921104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHEN A. SHERWIN, MD AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID W. CARTER AS A DIRECTOR	Management	For	For
1.3	ELECT NANCY M. CROWELL AS A DIRECTOR	Management	For	For
1.4	ELECT JAMES M. GOWER AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN T. POTTS, JR, MD AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS E. SHENK, PH.D. AS A DIRECTOR	Management	For	For
1.7	ELECT EUGENE L. STEP AS A DIRECTOR	Management	For	For
1.8	ELECT INDER M. VERMA, PH.D. AS A DIRECTOR	Management	For	For
1.9	ELECT DENNIS L. WINGER AS A DIRECTOR	Management	For	For
2	TO APPROVE THE AMENDMENT OF THE COMPANY S 2001 NONSTATUTORY STOCK OPTION PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK RESERVED FOR FUTURE ISSUANCE BY 500,000 SHARES AND TO PROHIBIT FUTURE OPTION REPRICINGS UNDER THE 2001 NONSTATUTORY STOCK OPTION PLAN WITHOUT THE APPROVAL OF THE COMPANY S STOCKHOLDERS.	Management	For	Against
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
4	TO TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT THEREOF.	Management	For	Abstain

ISSUER NAME: CELL THERAPEUTICS, INC. MEETING DATE: 10/23/2003
TICKER: CTIC     SECURITY ID: 150934107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE MERGER BETWEEN CELL THERAPEUTICS, INC. AND NOVUSPHARMA S.P.A. AND THE TRANSACTIONS CONTEMPLATED THEREBY AS SET FORTH IN THE MERGER AGREEMENT DATED AS OF JUNE 16, 2003 BETWEEN CTI AND NOVUSPHARMA.	Management	For	For

ISSUER NAME: CELLTECH GROUP PLC MEETING DATE: 05/27/2004
TICKER: --     SECURITY ID: G1990W102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE REPORT OF THE DIRECTORS AND THE AUDITED ACCOUNTS FOR THE PERIOD ENDED 31 DEC 20032	Management	Unknown	For
2	APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE YE 31 DEC 2003	Management	Unknown	For
3	ELECT DR. GORAN ANDO AS A DIRECTOR	Management	Unknown	For
4	ELECT MR. PETER CADBURY AS A DIRECTOR	Management	Unknown	For
5	ELECT MRS. INGELISE SAUNDERS AS A DIRECTOR	Management	Unknown	For
6	RE-APPOINT KPMG AUDIT PLC AS THE AUDITOR AND TO AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION	Management	Unknown	For
7	APPROVE TO RENEW THE DIRECTORS POWER TO ALLOT RELEVANT SECURITIES	Management	Unknown	For
8	APPROVE TO RENEW THE DIRECTORS POWER TO ALLOT EQUITY SECURITIES	Management	Unknown	For
9	AUTHORIZE THE COMPANY TO PURCHASE ITS OWN SHARES	Management	Unknown	For

ISSUER NAME: CEPHALON, INC. MEETING DATE: 05/13/2004
TICKER: CEPH     SECURITY ID: 156708109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRANK BALDINO,JR. PH.D. AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM P. EGAN AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT J. FEENEY, PH.D. AS A DIRECTOR	Management	For	For
1.4	ELECT MARTYN D. GREENACRE AS A DIRECTOR	Management	For	For
1.5	ELECT CHARLES A. SANDERS, M.D AS A DIRECTOR	Management	For	For
1.6	ELECT GAIL R. WILENSKY, PH.D. AS A DIRECTOR	Management	For	For
1.7	ELECT DENNIS L. WINGER AS A DIRECTOR	Management	For	For
1.8	ELECT HORST WITZEL, DR.-ING. AS A DIRECTOR	Management	For	For
2	APPROVAL OF AN INCREASE IN THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE COMPANY S 2004 EQUITY COMPENSATION PLAN (PREVIOUSLY KNOWN AS THE COMPANY S 1995 EQUITY COMPENSATION PLAN), THE EXTENSION OF THE TERM OF THE COMPANY S 2004 EQUITY COMPENSATION PLAN AND THE 2004 EQUITY COMPENSATION PLAN, AS AMENDED.	Management	For	For

ISSUER NAME: CHIRON CORPORATION MEETING DATE: 05/27/2004
TICKER: CHIR     SECURITY ID: 170040109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT VAUGHN D. BRYSON AS A DIRECTOR	Management	For	For
1.2	ELECT PIERRE E. DOUAZE AS A DIRECTOR	Management	For	For
1.3	ELECT EDWARD E. PENHOET AS A DIRECTOR	Management	For	For
2	TO APPROVE THE AMENDED AND RESTATED CHIRON 1991 STOCK OPTION PLAN, RENAMED THE CHIRON 2004 STOCK COMPENSATION PLAN.	Management	For	Against
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS CHIRON S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: DENDREON CORPORATION MEETING DATE: 06/16/2004
TICKER: DNDN     SECURITY ID: 24823Q107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GERARDO CANET AS A DIRECTOR	Management	For	For
1.2	ELECT BOGDAN DZIURZYNSKI AS A DIRECTOR	Management	For	For
1.3	ELECT DOUGLAS WATSON AS A DIRECTOR	Management	For	For

ISSUER NAME: ELAN CORPORATION, PLC MEETING DATE: 06/17/2004
TICKER: ELN     SECURITY ID: 284131208
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE AND CONSIDER THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2003 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON.	Management	For	For
2	TO RE-ELECT MR. BRENDAN BOUSHEL WHO RETIRES FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY.	Management	For	For
3	TO RE-ELECT MR. JOHN GROOM WHO RETIRES FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY.	Management	For	For
4	TO RE-ELECT MR. KYRAN MCLAUGHLIN WHO RETIRES FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY.	Management	For	For
5	TO RE-ELECT DR. DENNIS SELKOE WHO RETIRES FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY.	Management	For	For
6	TO RE-ELECT MR. DANIEL TULLY WHO RETIRES FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY.	Management	For	For
7	TO AUTHORISE THE DIRECTORS TO FIX THE REMUNERATION OF THE AUDITORS.	Management	For	For
8	THAT THE BOARD OF DIRECTORS BE AUTHORISED TO ISSUE SHARE OPTIONS TO NON-EXECUTIVE DIRECTORS IN ACCORDANCE WITH THE TERMS OF THE ELAN CORPORATION, PLC 1996 CONSULTANT OPTION PLAN.	Management	For	Abstain
9	THAT THE ELAN CORPORATION, PLC 2004 RESTRICTED STOCK PLAN ( THE RSU PLAN ) BE APPROVED AND ADOPTED.	Management	For	Abstain
10	THAT THE ELAN CORPORATION, PLC EMPLOYEE EQUITY PURCHASE PLAN ( THE ESPP ) BE APPROVED AND ADOPTED.	Management	For	For
11	THAT THE DIRECTORS BE AND ARE HEREBY GENERALLY AND UNCONDITIONALLY AUTHORISED TO ALLOT AND ISSUE ALL RELEVANT SECURITIES OF THE COMPANY.	Management	For	For
12	THAT THE AUTHORISED SHARE CAPITAL OF THE COMPANY BE INCREASED FROM 30,002,500 TO 33,502,500.	Management	For	For
13	THAT, SUBJECT TO THE PASSING OF RESOLUTION 12 IN THE NOTICE OF THIS MEETING, THE ARTICLES OF ASSOCIATION BE AMENDED.	Management	For	For
14	THAT, SUBJECT TO THE PASSING OF RESOLUTION 11 IN THE NOTICE OF THE MEETING, THE DIRECTORS BE AND ARE HEREBY EMPOWERED TO ALLOT SECURITIES FOR CASH.	Management	For	For
15	THAT THE COMPANY AND/OR ANY SUBSIDIARY OF THE COMPANY BE AND IS HEREBY GENERALLY AUTHORIZED TO MAKE MARKET PURCHASES OF SHARES OF ANY CLASS OF THE COMPANY.	Management	For	For
16	THAT THE RE-ISSUE PRICE RANGE AT WHICH ANY TREASURY SHARES FOR THE TIME BEING HELD BY THE COMPANY MAY BE RE-ISSUED OFF-MARKET SHALL BE THE MAXIMUM PRICE EQUAL TO 120 PER CENT OF THE RELEVANT PRICE; AND THE MINIMUM PRICE EQUAL TO 95 PER CENT OF THE RELEVANT PRICE.	Management	For	For

ISSUER NAME: EPIX MEDICAL, INC. MEETING DATE: 05/26/2004
TICKER: EPIX     SECURITY ID: 26881Q101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STANLEY T CROOKE MD PHD AS A DIRECTOR	Management	For	For
2	PROPOSAL TO AMEND THE COMPANY S AMENDED AND RESTATED 1992 EQUITY INCENTIVE PLAN TO INCREASE THE AGGREGATE NUMBER OF SHARES OF THE COMPANY S COMMON STOCK AS TO WHICH AWARDS MAY BE GRANTED UNDER SUCH PLAN BY 500,000 SHARES.	Management	For	Against
3	PROPOSAL TO AMEND THE COMPANY S CERTIFICATE OF INCORPORATION TO CHANGE THE NAME OF THE COMPANY FROM EPIX MEDICAL, INC. TO EPIX PHARMACEUTICALS, INC.	Management	For	For
4	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: FIDELITY SECURITIES LENDING CASH CENTRAL FUND MEETING DATE: 04/14/2004
TICKER: --     SECURITY ID: 31635A303
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO AMEND THE DECLARATION OF TRUST TO ALLOW THE BOARD OF TRUSTEES, IF PERMITTED BY APPLICABLE LAW, TO AUTHORIZE FUND MERGERS WITHOUT SHAREHOLDER APPROVAL.	Management	For	For
2.1	ELECT J. MICHAEL COOK AS A DIRECTOR	Management	For	For
2.2	ELECT RALPH F. COX AS A DIRECTOR	Management	For	For
2.3	ELECT LAURA B. CRONIN AS A DIRECTOR	Management	For	For
2.4	ELECT ROBERT M. GATES AS A DIRECTOR	Management	For	For
2.5	ELECT GEORGE H. HEILMEIER AS A DIRECTOR	Management	For	For
2.6	ELECT ABIGAIL P. JOHNSON AS A DIRECTOR	Management	For	For
2.7	ELECT EDWARD C. JOHNSON 3D AS A DIRECTOR	Management	For	For
2.8	ELECT DONALD J. KIRK AS A DIRECTOR	Management	For	For
2.9	ELECT MARIE L. KNOWLES AS A DIRECTOR	Management	For	For
2.10	ELECT NED C. LAUTENBACH AS A DIRECTOR	Management	For	For
2.11	ELECT MARVIN L. MANN AS A DIRECTOR	Management	For	For
2.12	ELECT WILLIAM O. MCCOY AS A DIRECTOR	Management	For	For
2.13	ELECT ROBERT L. REYNOLDS AS A DIRECTOR	Management	For	For
2.14	ELECT WILLIAM S. STAVROPOULOS AS A DIRECTOR	Management	For	For

ISSUER NAME: GENENTECH, INC. MEETING DATE: 04/16/2004
TICKER: DNA     SECURITY ID: 368710406
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE AN AMENDMENT TO THE BYLAWS WITH RESPECT TO THE NUMBER OF AUTHORIZED DIRECTORS.	Management	For	For
2.1	DIRECTORS	Management	For	For
2.2	DIRECTORS	Management	For	For
2.3	DIRECTORS	Management	For	For
2.4	DIRECTORS	Management	For	For
2.5	DIRECTORS	Management	For	For
2.6	DIRECTORS	Management	For	For
2.7	DIRECTORS	Management	For	For
3	ELECT WILLIAM M. BURNS AS DIRECTOR	Management	Unknown	For
4	ELECT ERICH HUNZIKER AS DIRECTOR	Management	Unknown	For
5	ELECT JONATHAN K.C. KNOWLES AS DIRECTOR	Management	Unknown	None
6	TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE AUTHORIZED SHARES OF COMMON STOCK	Management	For	For
7	TO APPROVE THE 2004 EQUITY INCENTIVE PLAN	Management	For	Against
8	TO RATIFY ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR 2004.	Management	For	For

ISSUER NAME: GENZYME CORPORATION MEETING DATE: 05/27/2004
TICKER: GENZ     SECURITY ID: 372917104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DOUGLAS A. BERTHIAUME AS A DIRECTOR	Management	For	For
1.2	ELECT HENRY E. BLAIR AS A DIRECTOR	Management	For	For
1.3	ELECT GAIL K. BOUDREAUX AS A DIRECTOR	Management	For	For
2	A PROPOSAL TO AMEND THE 1999 EMPLOYEE STOCK PURCHASE PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK COVERED BY THE PLAN BY 1,500,000 SHARES.	Management	For	For
3	A PROPOSAL TO APPROVE THE 2004 EQUITY INCENTIVE PLAN.	Management	For	For
4	A PROPOSAL TO AMEND THE 1998 DIRECTORS STOCK OPTION PLAN TO (I) INCREASE THE NUMBER OF SHARES OF GENZYME GENERAL STOCK COVERED BY THE PLAN BY 200,000 SHARES AND (II) CHANGE THE FORMULA FOR MAKING ANNUAL OPTION GRANTS TO DIRECTORS.	Management	For	For
5	A PROPOSAL TO AMEND AND RESTATE OUR RESTATED ARTICLES OF ORGANIZATION.	Management	For	For
6	A PROPOSAL TO RATIFY OUR SELECTION OF INDEPENDENT AUDITORS.	Management	For	For
7	A SHAREHOLDER PROPOSAL TO REQUIRE THE GRANTING OF RESTRICTED STOCK IN LIEU OF STOCK OPTIONS.	Shareholder	Against	Against

ISSUER NAME: GILEAD SCIENCES, INC. MEETING DATE: 05/25/2004
TICKER: GILD     SECURITY ID: 375558103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PAUL BERG AS A DIRECTOR	Management	For	Withhold
1.2	ELECT ETIENNE F. DAVIGNON AS A DIRECTOR	Management	For	Withhold
1.3	ELECT JAMES M. DENNY AS A DIRECTOR	Management	For	Withhold
1.4	ELECT JOHN C. MARTIN AS A DIRECTOR	Management	For	Withhold
1.5	ELECT GORDON E. MOORE AS A DIRECTOR	Management	For	Withhold
1.6	ELECT NICHOLAS G. MOORE AS A DIRECTOR	Management	For	Withhold
1.7	ELECT GEORGE P. SHULTZ AS A DIRECTOR	Management	For	Withhold
1.8	ELECT GAYLE E. WILSON AS A DIRECTOR	Management	For	Withhold
2	TO RATIFY THE SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF GILEAD FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	TO APPROVE THE ADOPTION OF GILEAD S 2004 EQUITY INCENTIVE PLAN.	Management	For	For
4	TO APPROVE AN AMENDMENT TO GILEAD S RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE AUTHORIZED NUMBER OF SHARES OF GILEAD COMMON STOCK FROM 500,000,000 TO 700,000,000 SHARES.	Management	For	For

ISSUER NAME: GUILFORD PHARMACEUTICALS INC. MEETING DATE: 05/05/2004
TICKER: GLFD     SECURITY ID: 401829106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CRAIG R. SMITH, M.D. AS A DIRECTOR	Management	For	For
1.2	ELECT GEORGE L. BUNTING, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT JOSEPH R. CHINNICI AS A DIRECTOR	Management	For	For
1.4	ELECT BARRY M. FOX AS A DIRECTOR	Management	For	For
1.5	ELECT ELIZABETH M. GREETHAM AS A DIRECTOR	Management	For	For
1.6	ELECT JOSEPH KLEIN, III AS A DIRECTOR	Management	For	For
1.7	ELECT RONALD M. NORDMANN AS A DIRECTOR	Management	For	For
1.8	ELECT SOLOMON H. SNYDER, M.D. AS A DIRECTOR	Management	For	For
1.9	ELECT DAVID C. U'PRICHARD PHD AS A DIRECTOR	Management	For	For
2	THE RATIFICATION OF THE SELECTION OF KPMG LLP AS THE COMPANY S INDEPENDENT AUDITOR FOR 2004.	Management	For	For
3	THE AMENDMENT OF THE COMPANY S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION, AS AMENDED, TO INCREASE THE AUTHORIZED NUMBER OF SHARES OF OUR COMMON STOCK FROM 75,000,000 TO 125,000,000.	Management	For	For

ISSUER NAME: HARVARD BIOSCIENCE, INC. MEETING DATE: 05/27/2004
TICKER: HBIO     SECURITY ID: 416906105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT DISHMAN AS A DIRECTOR	Management	For	For
1.2	ELECT NEAL J. HARTE AS A DIRECTOR	Management	For	For

ISSUER NAME: HUMAN GENOME SCIENCES, INC. MEETING DATE: 05/20/2004
TICKER: HGSI     SECURITY ID: 444903108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD J DANZIG AS A DIRECTOR	Management	For	For
1.2	ELECT JURGEN DREWS MD AS A DIRECTOR	Management	For	For
1.3	ELECT KATHRYN E FALBERG AS A DIRECTOR	Management	For	For
1.4	ELECT ARGERIS N KARABELAS PHD AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	TO APPROVE AMENDMENT NO. 1 TO THE COMPANY S AMENDED AND RESTATED 2000 STOCK INCENTIVE PLAN (THE STOCK INCENTIVE PLAN ).	Management	For	For
4	TO APPROVE AMENDMENT NO. 2 TO THE STOCK INCENTIVE PLAN.	Management	For	For
5	TO APPROVE AN OPTION EXCHANGE PROGRAM FOR THE COMPANY S EMPLOYEES, OTHER THAN THE COMPANY S SEVEN EXECUTIVE OFFICERS.	Management	For	For

ISSUER NAME: ICOS CORPORATION MEETING DATE: 05/14/2004
TICKER: ICOS     SECURITY ID: 449295104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PAUL N. CLARK AS A DIRECTOR	Management	For	For
1.2	ELECT VAUGHN D. BRYSON AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM H. GATES III AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT W. PANGIA AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS ICOS INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING PERFORMANCE AND TIME-BASED RESTRICTED SHARES.	Shareholder	Against	Against

ISSUER NAME: IDEC PHARMACEUTICALS CORPORATION MEETING DATE: 11/12/2003
TICKER: IDPH     SECURITY ID: 449370105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PROPOSAL TO APPROVE THE ISSUANCE OF SHARES OF IDEC PHARMACEUTICALS CORPORATION COMMON STOCK UNDER THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JUNE 20, 2003, BY AND AMONG IDEC, BRIDGES MERGER CORPORATION AND BIOGEN, INC.	Management	For	For
2	PROPOSAL TO AMEND IDEC PHARMACEUTICAL CORPORATION S CERTIFICATE OF INCORPORATION TO INCREASE THE AUTHORIZED SHARES OF COMMON STOCK FROM 500,000,000 TO 1,000,000,000 AND TO CHANGE THE NAME OF THE CORPORATION TO BIOGEN IDEC INC., EFFECTIVE UPON COMPLETION OF THE MERGER.	Management	For	For
3	PROPOSAL TO APPROVE THE 2003 OMNIBUS EQUITY PLAN, EFFECTIVE UPON COMPLETION OF THE MERGER.	Management	For	For
4	PROPOSAL TO APPROVE THE PERFORMANCE BASED MANAGEMENT INCENTIVE PLAN, EFFECTIVE UPON COMPLETION OF THE MERGER.	Management	For	For
5	PROPOSAL TO ADJOURN THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES IN FAVOR OF THE FOREGOING PROPOSALS.	Management	For	Abstain

ISSUER NAME: IMCLONE SYSTEMS INCORPORATED MEETING DATE: 09/15/2003
TICKER: IMCL     SECURITY ID: 45245W109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ANDREW G. BODNAR AS A DIRECTOR	Management	For	For
1.2	ELECT VINCENT T. DEVITA, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN A. FAZIO AS A DIRECTOR	Management	For	For
1.4	ELECT DAVID M. KIES AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM R. MILLER AS A DIRECTOR	Management	For	For
2	APPROVAL OF AN AMENDMENT TO THE IMCLONE SYSTEMS INCORPORATED 2002 STOCK OPTION PLAN (THE 2002 OPTION PLAN ) TO INCREASE THE NUMBER OF SHARES AUTHORIZED TO BE ISSUED UNDER THE 2002 OPTION PLAN.	Management	For	Against
3	APPROVAL OF THE IMCLONE SYSTEMS INCORPORATED ANNUAL INCENTIVE PLAN.	Management	For	For
4	RATIFICATION OF THE APPOINTMENT OF KPMG LLP TO SERVE AS THE COMPANY S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003.	Management	For	For

ISSUER NAME: IMCLONE SYSTEMS INCORPORATED MEETING DATE: 06/17/2004
TICKER: IMCL     SECURITY ID: 45245W109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ANDREW G. BODNAR AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM W. CROUSE AS A DIRECTOR	Management	For	For
1.3	ELECT VINCENT T. DEVITA, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT JOHN A. FAZIO AS A DIRECTOR	Management	For	For
1.5	ELECT JOSEPH L. FISCHER AS A DIRECTOR	Management	For	For
1.6	ELECT DAVID M. KIES AS A DIRECTOR	Management	For	For
1.7	ELECT DANIEL S. LYNCH AS A DIRECTOR	Management	For	For
1.8	ELECT WILLIAM R. MILLER AS A DIRECTOR	Management	For	For
1.9	ELECT DAVID SIDRANSKY AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF KPMG LLP TO SERVE AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: IMMUNOMEDICS, INC. MEETING DATE: 12/03/2003
TICKER: IMMU     SECURITY ID: 452907108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID M. GOLDENBERG AS A DIRECTOR	Management	For	For
1.2	ELECT CYNTHIA L. SULLIVAN AS A DIRECTOR	Management	For	For
1.3	ELECT MORTON COLEMAN AS A DIRECTOR	Management	For	For
1.4	ELECT MARVIN E. JAFFE AS A DIRECTOR	Management	For	For
1.5	ELECT MARY E. PAETZOLD AS A DIRECTOR	Management	For	For
1.6	ELECT RICHARD R. PIVIROTTO AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING JUNE 30, 2004.	Management	For	For

ISSUER NAME: INVITROGEN CORPORATION MEETING DATE: 04/29/2004
TICKER: IVGN     SECURITY ID: 46185R100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RAYMOND V. DITTAMORE AS A DIRECTOR	Management	For	For
1.2	ELECT BRADLEY G. LORIMIER AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID U'PRICHARD, PH.D. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR FISCAL YEAR 2004	Management	For	For
3	ADOPTION OF THE COMPANY S 2004 EQUITY INCENTIVE PLAN	Management	For	For
4	AMENDMENT OF THE COMPANY S 1998 EMPLOYEE STOCK PURCHASE PLAN	Management	For	For

ISSUER NAME: KERYX BIOPHARMACEUTICALS, INC. MEETING DATE: 06/10/2004
TICKER: KERX     SECURITY ID: 492515101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL S. WEISS AS A DIRECTOR	Management	For	For
1.2	ELECT I.C. HENDERSON, M.D. AS A DIRECTOR	Management	For	For
1.3	ELECT MALCOLM HOENLEIN AS A DIRECTOR	Management	For	For
1.4	ELECT PETER M. KASH AS A DIRECTOR	Management	For	For
1.5	ELECT L. JAY KESSEL, M.D. AS A DIRECTOR	Management	For	For
1.6	ELECT L.A. ROSENWALD, M.D. AS A DIRECTOR	Management	For	For
1.7	ELECT PETER SALOMON, M.D. AS A DIRECTOR	Management	For	For
2	SUBJECT TO THE ACHIEVEMENT OF CERTAIN MILESTONES, THE ISSUANCE OF UP TO 3,372,422 SHARES OF COMMON STOCK TO THE FORMER STOCKHOLDERS OF ACCESS ONCOLOGY, INC. (IN LIEU OF CASH HAVING AN EQUIVALENT VALUE THAT WILL OTHERWISE BE DELIVERABLE).	Management	For	For
3	APPROVAL OF OUR 2004 LONG-TERM INCENTIVE PLAN.	Management	For	Against
4	APPROVAL OF THE DELISTING OF OUR COMMON STOCK FROM THE ALTERNATIVE INVESTMENT MARKET OF THE LONDON STOCK EXCHANGE.	Management	For	For
5	APPROVAL OF THE AMENDMENT OF OUR CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF OUR COMMON STOCK.	Management	For	For

ISSUER NAME: LIGAND PHARMACEUTICALS INCORPORATED MEETING DATE: 06/11/2004
TICKER: LGND     SECURITY ID: 53220K207
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HENRY F. BLISSENBACH AS A DIRECTOR	Management	For	For
1.2	ELECT ALEXANDER D. CROSS AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN GROOM AS A DIRECTOR	Management	For	For
1.4	ELECT IRVING S. JOHNSON AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN W. KOZARICH AS A DIRECTOR	Management	For	For
1.6	ELECT CARL PECK AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID E. ROBINSON AS A DIRECTOR	Management	For	For
1.8	ELECT MICHAEL A. ROCCA AS A DIRECTOR	Management	For	For
2	AMENDMENT OF 2002 STOCK OPTION/STOCK ISSUANCE PLAN.	Management	For	Against
3	AMENDMENT TO COMPANY S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION.	Management	For	For
4	APPOINTMENT OF INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: MEDAREX, INC. MEETING DATE: 05/19/2004
TICKER: MEDX     SECURITY ID: 583916101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MR. IRWIN LERNER AS A DIRECTOR	Management	For	For
1.2	ELECT DR. JULIUS A. VIDA AS A DIRECTOR	Management	For	For
2	THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE CURRENT FISCAL YEAR.	Management	For	For

ISSUER NAME: MEDIMMUNE, INC. MEETING DATE: 05/20/2004
TICKER: MEDI     SECURITY ID: 584699102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WAYNE T. HOCKMEYER AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID M. MOTT AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID BALTIMORE AS A DIRECTOR	Management	For	For
1.4	ELECT M. JAMES BARRETT AS A DIRECTOR	Management	For	For
1.5	ELECT MELVIN D. BOOTH AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES H. CAVANAUGH AS A DIRECTOR	Management	For	For
1.7	ELECT BARBARA H. FRANKLIN AS A DIRECTOR	Management	For	For
1.8	ELECT GORDON S. MACKLIN AS A DIRECTOR	Management	For	For
1.9	ELECT ELIZABETH H.S. WYATT AS A DIRECTOR	Management	For	For
2	TO APPROVE THE 2004 STOCK INCENTIVE PLAN	Management	For	Against
3	TO APPROVE AND RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR 2004	Management	For	For

ISSUER NAME: MGI PHARMA, INC. MEETING DATE: 05/11/2004
TICKER: MOGN     SECURITY ID: 552880106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ANDREW J. FERRARA AS A DIRECTOR	Management	For	For
1.2	ELECT GILLA KAPLAN, PH.D. AS A DIRECTOR	Management	For	For
1.3	ELECT EDWARD W. MEHRER AS A DIRECTOR	Management	For	For
1.4	ELECT HUGH E. MILLER AS A DIRECTOR	Management	For	For
1.5	ELECT LEON O. MOULDER, JR. AS A DIRECTOR	Management	For	For
1.6	ELECT LEE J. SCHROEDER AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID B. SHARROCK AS A DIRECTOR	Management	For	For
1.8	ELECT WANETA C. TUTTLE, PH.D. AS A DIRECTOR	Management	For	For
1.9	ELECT ARTHUR L. WEAVER, M.D. AS A DIRECTOR	Management	For	For
2	TO AMEND THE 1997 STOCK INCENTIVE PLAN TO EXTEND THE TERM OF THIS PLAN THROUGH MAY 31, 2008 AND TO INCREASE THE NUMBER OF SHARES AVAILABLE FOR AWARDS GRANTED UNDER THE PLAN BY 2,055,000 SHARES.	Management	For	For
3	TO AMEND THE AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN TO INCREASE THE NUMBER OF SHARES WHICH MAY BE PURCHASED UNDER THE PLAN BY 500,000 SHARES.	Management	For	For
4	TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: MILLENNIUM PHARMACEUTICALS, INC. MEETING DATE: 05/07/2004
TICKER: MLNM     SECURITY ID: 599902103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CHARLES J. HOMCY, M.D. AS A DIRECTOR	Management	For	For
1.2	ELECT RAJU S KUCHERLAPATI PHD AS A DIRECTOR	Management	For	For
1.3	ELECT ERIC S. LANDER, PH.D. AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: MYOGEN, INC. MEETING DATE: 05/12/2004
TICKER: MYOG     SECURITY ID: 62856E104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J. WILLIAM FREYTAG AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL R. BRISTOW AS A DIRECTOR	Management	For	For
1.3	ELECT KIRK K. CALHOUN AS A DIRECTOR	Management	For	For
1.4	ELECT JERRY T. JACKSON AS A DIRECTOR	Management	For	For
1.5	ELECT DANIEL J. MITCHELL AS A DIRECTOR	Management	For	For
1.6	ELECT ARNOLD L. ORONSKY AS A DIRECTOR	Management	For	For
1.7	ELECT ANDREW N. SCHIFF AS A DIRECTOR	Management	For	For
1.8	ELECT SIGRID VAN BLADEL AS A DIRECTOR	Management	For	For
2	TO RATIFY SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR ITS FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: NEUROCRINE BIOSCIENCES, INC. MEETING DATE: 05/26/2004
TICKER: NBIX     SECURITY ID: 64125C109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD F. POPS AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN A. SHERWIN, MD AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	TO APPROVE AN AMENDMENT TO THE COMPANY S 2003 INCENTIVE STOCK PLAN INCREASING THE NUMBER OF SHARES OF COMMON STOCK RESERVED FOR ISSUANCE FROM 1,100,000 TO 2,300,000 SHARES.	Management	For	Against

ISSUER NAME: NPS PHARMACEUTICALS, INC. MEETING DATE: 05/20/2004
TICKER: NPSP     SECURITY ID: 62936P103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT SANTO J. COSTA AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN R. EVANS AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES G. GRONINGER AS A DIRECTOR	Management	For	For
1.4	ELECT HUNTER JACKSON AS A DIRECTOR	Management	For	For
1.5	ELECT JOSEPH KLEIN III AS A DIRECTOR	Management	For	For
1.6	ELECT DONALD E. KUHLA AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS N. PARKS AS A DIRECTOR	Management	For	For
1.8	ELECT CALVIN R. STILLER AS A DIRECTOR	Management	For	For
1.9	ELECT PETER G. TOMBROS AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR ITS FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: NUVELO, INC. MEETING DATE: 05/06/2004
TICKER: NUVO     SECURITY ID: 67072M301
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARK L. PERRY AS A DIRECTOR	Management	For	For
1.2	ELECT BARRY L. ZUBROW AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE 2004 EQUITY INCENTIVE PLAN	Management	For	For
3	RATIFICATION OF THE SELECTION OF KPMG LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR 2004	Management	For	For

ISSUER NAME: PHARMION CORPORATION MEETING DATE: 06/02/2004
TICKER: PHRM     SECURITY ID: 71715B409
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BRIAN ATWOOD AS A DIRECTOR	Management	For	For
1.2	ELECT M. JAMES BARRETT AS A DIRECTOR	Management	For	For
1.3	ELECT JAY MOORIN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: PROTEIN DESIGN LABS, INC. MEETING DATE: 06/30/2004
TICKER: PDLI     SECURITY ID: 74369L103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LAURENCE JAY KORN, PHD AS A DIRECTOR	Management	For	For
1.2	ELECT MAX LINK, PHD AS A DIRECTOR	Management	For	For
2	TO APPROVE THE 2004 EQUITY INCENTIVE PLAN.	Management	For	Against
3	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: REGENERON PHARMACEUTICALS, INC. MEETING DATE: 06/11/2004
TICKER: REGN     SECURITY ID: 75886F107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT L S SCHLEIFER MD PHD AS A DIRECTOR	Management	For	For
1.2	ELECT ERIC M SHOOTER PHD AS A DIRECTOR	Management	For	For
1.3	ELECT G D YANCOPOULOS MD PHD AS A DIRECTOR	Management	For	For
2	TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	TO AMEND THE 2000 LONG-TERM INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES RESERVED FOR ISSUANCE THEREUNDER BY 7,500,000 SHARES.	Management	For	Against

ISSUER NAME: SEATTLE GENETICS, INC. MEETING DATE: 05/17/2004
TICKER: SGEN     SECURITY ID: 812578102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARC E. LIPPMAN, M.D. AS A DIRECTOR	Management	For	For
1.2	ELECT DOUGLAS G. SOUTHERN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT ACCOUNTANTS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: SEPRACOR INC. MEETING DATE: 05/19/2004
TICKER: SEPR     SECURITY ID: 817315104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DIGBY W. BARRIOS AS A DIRECTOR	Management	For	For
1.2	ELECT ALAN A. STEIGROD AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT TO OUR 2000 STOCK INCENTIVE PLAN INCREASING FROM 5,500,000 TO 8,000,000 THE NUMBER OF SHARES OF OUR COMMON STOCK RESERVED FOR ISSUANCE UNDER THE 2000 PLAN.	Management	For	For
3	TO RATIFY THE SELECTION BY OUR BOARD OF DIRECTORS OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT AUDITORS FOR THE CURRENT FISCAL YEAR.	Management	For	For

ISSUER NAME: SEROLOGICALS CORPORATION MEETING DATE: 05/12/2004
TICKER: SERO     SECURITY ID: 817523103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT R E CHRISTOFFERSEN, PHD AS A DIRECTOR	Management	For	For
1.2	ELECT DESMOND H. O'CONNELL JR AS A DIRECTOR	Management	For	For
1.3	ELECT GEORGE M. SHAW, MD, PHD AS A DIRECTOR	Management	For	For

ISSUER NAME: SHIRE PHARMACEUTICALS GROUP PLC MEETING DATE: 06/16/2004
TICKER: SHPGY     SECURITY ID: 82481R106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE AND CONSIDER THE DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED DECEMBER 31, 2003.	Management	For	For
2	TO RE-ELECT DR JAMES HENRY CAVANAUGH AS A DIRECTOR.	Management	For	For
3	TO RE-ELECT DR BARRY JOHN PRICE AS A DIRECTOR.	Management	For	For
4	TO ELECT MR ROBIN WILLIAM TURNBULL BUCHANAN AS A DIRECTOR.	Management	For	For
5	TO ELECT MR DAVID JOHN KAPPLER AS A DIRECTOR.	Management	For	For
6	TO RE-APPOINT DELOITTE & TOUCHE LLP AS AUDITORS AND AUTHORIZE THE AUDIT COMMITTEE TO FIX THEIR REMUNERATION.	Management	For	For
7	TO APPROVE THE DIRECTORS REMUNERATION REPORT.	Management	For	For
8	TO AUTHORIZE THE ALLOTMENT OF SHARES.	Management	For	For
9	TO AUTHORIZE THE DISAPPLICATION OF PRE-EMPTION RIGHTS.	Management	For	For
10	TO AUTHORIZE MARKET PURCHASES.	Management	For	For
11	TO AUTHORIZE DONATIONS TO EU POLITICAL ORGANIZATIONS AND EU POLITICAL EXPENDITURE.	Management	For	For

ISSUER NAME: SKYEPHARMA PLC MEETING DATE: 06/23/2004
TICKER: --     SECURITY ID: G1145K144
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE AND ADOPT THE ANNUAL REPORT AND ACCOUNTS FOR THE YE 31 DEC 2003	Management	Unknown	For
2	APPROVE THE DIRECTORS REMUNERATION REPORT CONTAINED IN THE ANNUAL REPORT AND THE ACCOUNTS FOR THE FYE 31 DEC 2003	Management	Unknown	For
3	APPROVE THE REMUNERATION COMMITTEE S POLICY FOR EXECUTIVE REMUNERATION FOR 2004 DESCRIBED FULLY IN THIS DOCUMENT	Management	Unknown	For
4	APPROVE THE ADDITION AND NATURE OF THE PERFORMANCE CONDITIONS TO BE ATTACHED TO FUTURE AWARDS OF MATCHING SHARES PROVIDED UNDER THE SKYEPHARMA PLC DEFERRED SHARE BONUS PLAN AS DESCRIBED FULLY IN THIS DOCUMENT	Management	Unknown	For
5	APPROVE THE OPERATION OF THE LONG-TERM INCENTIVE ELEMENT OF THE SKYEPHARMA PLC DEFERRED SHARE BONUS PLAN AS DESCRIBED FULLY IN THIS DOCUMENT	Management	Unknown	For
6	RE-APPOINT PRICEWATERHOUSECOOPERS LLP AS THE AUDITORS OF THE COMPANY UNTIL THE CONCLUSION OF THE NEXT GENERAL MEETING AT WHICH THE ACCOUNTS ARE LAID BEFORE THE COMPANY AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION	Management	Unknown	For
7	RE-ELECT MR. IAN GOWRIE-SMITH AS A DIRECTOR, WHO RETIRES BY ROTATION IN ACCORDANCE WITH THE ARTICLES OF ASSOCIATION OF THE COMPANY	Management	Unknown	For
8	RE-ELECT MR. DONALD NICHOLSON AS A DIRECTOR, WHO RETIRES BY ROTATION IN ACCORDANCE WITH THE ARTICLES OF ASSOCIATION OF THE COMPANY	Management	Unknown	For
9	RE-ELECT MR. DAVID EBSWORTH AS A DIRECTOR, WHO RETIRES BY ROTATION IN ACCORDANCE WITH THE ARTICLES OF ASSOCIATION OF THE COMPANY	Management	Unknown	For
10	RE-ELECT SIR MICHAEL BEAVIS AS A DIRECTOR, WHO RETIRES IN ACCORDANCE WITH SECTION 293 OF THE COMPANIES ACT 1985 THE ACT	Management	Unknown	For
11	RE-ELECT DR. KEITH MANSFORD AS A DIRECTOR, WHO RETIRES IN ACCORDANCE WITH SECTION 293 OF THE ACT	Management	Unknown	For
12	AUTHORIZE THE DIRECTORS, PURSUANT TO SECTION 80 OF THE ACT, TO ALLOT RELEVANT SECURITIES SECTION 80 UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 20,622,331, WHICH REPRESENTS APPROXIMATELY 1/3RD OF THE COMPANY S ISSUED ORDINARY SHARE CAPITAL AS AT 31 DEC 2003; AUTHORITY EXPIRES AT THE CONCLUSION OF THE NEXT AGM OF THE COMPANY AFTER THE DATE OF PASSING OF THIS RESOLUTION ; AND THE DIRECTORS MAY ALLOT RELEVANT SECURITIES AFTER THE EXPIRY OF THIS AUTHORITY IN PURSUANCE OF SUCH AN OFFER OR AGREEMENT M...	Management	Unknown	For
13	AUTHORIZE THE DIRECTORS TO ALLOT EQUITY SECURITIES SECTION 89 OF THE ACT FOR CASH PURSUANT TO THE AUTHORITY CONFERRED ON THEM UNDER SECTION 80 OF THE ACT AND TO SELL OR MAKE OFFERS OR AGREEMENTS TO SELL EQUITY SECURITIES WHICH IMMEDIATELY BEFORE THE SALE ARE HELD BY THE COMPANY AS TREASURY SHARES SECTION 162A OF THE ACT IN EACH CASE, DISAPPLYING THE STATUTORY PRE-EMPTION RIGHTS SECTION 89(1) , PROVIDED THAT THIS POWER IS LIMITED TO THE ALLOTMENT OF EQUITY SECURITIES: 1) WHETHER BY WAY OF RI...	Management	Unknown	For
14	AUTHORIZE THE COMPANY TO MAKE MARKET PURCHASES SECTION 163 OF THE ACT OF UP TO 6,186,699 OF ITS ORDINARY SHARES, THE COMPANY SHALL NOT PAY LESS THAN 10P FOR EACH ORDINARY SHARE AND THE COMPANY SHALL NOT PAY MORE FOR EACH ORDINARY SHARE THAN 105% THE AVERAGE OF THE MIDDLE MARKET PRICE OF AN ORDINARY SHARE AS DERIVED FROM THE LONDON STOCK EXCHANGE DAILY OFFICIAL LIST, OVER THE PREVIOUS 5 BUSINESS DAYS; AUTHORITY EXPIRES AT THE CONCLUSION OF THE NEXT AGM OF THE COMPANY ; THE COMPANY, PURSUANT TO...	Management	Unknown	For

ISSUER NAME: TANOX, INC. MEETING DATE: 06/04/2004
TICKER: TNOX     SECURITY ID: 87588Q109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT OSAMA I. MIKHAIL AS A DIRECTOR	Management	For	For
1.2	ELECT PETER G. TRABER AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT TO THE 2000 NON-EMPLOYEE DIRECTORS STOCK OPTION PLAN.	Management	For	For
3	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR 2004.	Management	For	For

ISSUER NAME: TECHNE CORPORATION MEETING DATE: 10/23/2003
TICKER: TECH     SECURITY ID: 878377100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO SET THE NUMBER OF DIRECTORS AT SEVEN.	Management	For	For
2.1	ELECT THOMAS E. OLAND AS A DIRECTOR	Management	For	For
2.2	ELECT ROGER C. LUCAS, PH.D. AS A DIRECTOR	Management	For	For
2.3	ELECT HOWARD V. O'CONNELL AS A DIRECTOR	Management	For	For
2.4	ELECT G. ARTHUR HERBERT AS A DIRECTOR	Management	For	For
2.5	ELECT RANDOLPH C. STEER AS A DIRECTOR	Management	For	For
2.6	ELECT CHRISTOPHER S. HENNEY AS A DIRECTOR	Management	For	For
2.7	ELECT ROBERT V. BAUMGARTNER AS A DIRECTOR	Management	For	For

ISSUER NAME: TELIK, INC. MEETING DATE: 05/12/2004
TICKER: TELK     SECURITY ID: 87959M109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT M.M. WICK, M.D., PH.D. AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD NEWMAN, ESQ. AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR ITS FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: THE MEDICINES COMPANY MEETING DATE: 05/27/2004
TICKER: MDCO     SECURITY ID: 584688105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM W. CROUSE AS A DIRECTOR	Management	For	For
1.2	ELECT T. SCOTT JOHNSON AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID M. STACK AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	APPROVE THE COMPANY S 2004 STOCK INCENTIVE PLAN.	Management	For	Against

ISSUER NAME: TRANSKARYOTIC THERAPIES, INC. MEETING DATE: 06/22/2004
TICKER: TKTX     SECURITY ID: 893735100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL J. ASTRUE AS A DIRECTOR	Management	For	For
1.2	ELECT WALTER GILBERT AS A DIRECTOR	Management	For	For
1.3	ELECT DENNIS H. LANGER AS A DIRECTOR	Management	For	For
1.4	ELECT JONATHAN S. LEFF AS A DIRECTOR	Management	For	For
1.5	ELECT RODMAN W. MOORHEAD, III AS A DIRECTOR	Management	For	For
1.6	ELECT LYDIA VILLA-KOMAROFF AS A DIRECTOR	Management	For	For
1.7	ELECT WAYNE P. YETTER AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: XOMA LTD. MEETING DATE: 05/19/2004
TICKER: XOMA     SECURITY ID: G9825R107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES G. ANDRESS AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM K. BOWES, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN L. CASTELLO AS A DIRECTOR	Management	For	For
1.4	ELECT ARTHUR KORNBERG, M.D. AS A DIRECTOR	Management	For	For
1.5	ELECT STEVEN C. MENDELL AS A DIRECTOR	Management	For	For
1.6	ELECT P.J. SCANNON, MD, PH.D AS A DIRECTOR	Management	For	For
1.7	ELECT W. DENMAN VAN NESS AS A DIRECTOR	Management	For	For
1.8	ELECT PATRICK J. ZENNER AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPOINT ERNST & YOUNG LLP TO ACT AS THE COMPANY S INDEPENDENT AUDITORS FOR THE 2004 FISCAL YEAR AND AUTHORIZE THE BOARD TO AGREE TO SUCH AUDITORS FEE.	Management	For	For
3	PROPOSAL TO AMEND THE TERMS OF THE COMPANY S 1992 DIRECTORS PLAN, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	Against
4	PROPOSAL TO AMEND THE TERMS OF THE COMPANY S MANAGEMENT INCENTIVE COMPENSATION PLAN, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
5	PROPOSAL TO APPROVE THE ADOPTION OF THE COMPANY S CEO INCENTIVE COMPENSATION PLAN.	Management	For	For