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 Chemicals 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: 08/26/2004 10:50:38 AM

EXHIBIT A

VOTE SUMMARY REPORT
Select Chemicals 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: 3M COMPANY MEETING DATE: 05/11/2004
TICKER: MMM     SECURITY ID: 88579Y101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT EDWARD A. BRENNAN AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL L. ESKEW AS A DIRECTOR	Management	For	For
1.3	ELECT W. JAMES MCNERNEY, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT KEVIN W. SHARER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT AUDITORS	Management	For	For
3	APPROVAL OF AN AMENDMENT TO THE CERTIFICATE OF INCORPORATION TO INCREASE THE AUTHORIZED COMMON STOCK	Management	For	For
4	STOCKHOLDER PROPOSAL RELATING TO SEPARATION OF THE ROLES OF CEO AND CHAIRMAN OF THE BOARD	Shareholder	Against	Against

ISSUER NAME: AIRGAS, INC. MEETING DATE: 07/29/2003
TICKER: ARG     SECURITY ID: 009363102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES W. HOVEY AS A DIRECTOR	Management	For	For
1.2	ELECT PAULA A. SNEED AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID M. STOUT AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM O. ALBERTINI AS A DIRECTOR	Management	For	For
2	APPROVE THE 2003 EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	APPROVE THE 2004 EXECUTIVE BONUS PLAN.	Management	For	For
4	RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: ALBEMARLE CORPORATION MEETING DATE: 03/31/2004
TICKER: ALB     SECURITY ID: 012653101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARK C. ROHR AS A DIRECTOR	Management	For	For
1.2	ELECT LLOYD B. ANDREW AS A DIRECTOR	Management	For	For
1.3	ELECT CHARLES E. STEWART AS A DIRECTOR	Management	For	For
1.4	ELECT WILLIAM M. GOTTWALD AS A DIRECTOR	Management	For	For
1.5	ELECT SEYMOUR S. PRESTON III AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN SHERMAN, JR. AS A DIRECTOR	Management	For	For
1.7	ELECT FLOYD D. GOTTWALD, JR. AS A DIRECTOR	Management	For	For
1.8	ELECT RICHARD L. MORRILL AS A DIRECTOR	Management	For	For
1.9	ELECT ANNE MARIE WHITTEMORE AS A DIRECTOR	Management	For	For
1.10	ELECT JOHN D. GOTTWALD AS A DIRECTOR	Management	For	For
2	THE PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: ARCH CHEMICALS, INC. MEETING DATE: 04/23/2004
TICKER: ARJ     SECURITY ID: 03937R102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD E. CAVANAGH AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL O. MAGDOL AS A DIRECTOR	Management	For	For
1.3	ELECT JANICE J. TEAL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS	Management	For	For

ISSUER NAME: BASF AKTIENGESELLSCHAFT MEETING DATE: 04/29/2004
TICKER: BF     SECURITY ID: 055262505
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPTION OF A RESOLUTION ON THE APPROPRIATION OF PROFIT	Management	For	None
2	ADOPTION OF A RESOLUTION GIVING FORMAL APPROVAL TO THE ACTIONS OF THE SUPERVISORY BOARD	Management	For	None
3	ADOPTION OF A RESOLUTION GIVING FORMAL APPROVAL TO THE ACTIONS OF THE BOARD OF EXECUTIVE DIRECTORS	Management	For	None
4	ELECTION OF AN AUDITOR FOR THE FINANCIAL YEAR 2004	Management	For	None
5	AUTHORIZATION TO BUY BACK SHARES AND TO PUT THEM TO FURTHER USE INCLUDING THE AUTHORIZATION TO REDEEM BOUGHT-BACK SHARES AND REDUCE CAPITAL	Management	For	None
6	AUTHORIZATION TO ACQUIRE OUR OWN SHARES USING DERIVATIVE FINANCIAL INSTRUMENTS	Management	For	None
7	RESOLUTION ON THE CANCELLATION OF EXISTING AND THE CREATION OF NEW AUTHORIZED CAPITAL AND AMENDMENT OF THE ARTICLES OF ASSOCIATION	Management	For	None
8	APPROVAL OF A CONTROL AND PROFIT AND LOSS TRANSFER AGREEMENT	Management	For	None

ISSUER NAME: CABOT MICROELECTRONICS CORPORATION MEETING DATE: 03/09/2004
TICKER: CCMP     SECURITY ID: 12709P103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JUAN ENRIQUEZ-CABOT AS A DIRECTOR	Management	For	None
1.2	ELECT H. LAURANCE FULLER AS A DIRECTOR	Management	For	None
2	RATIFICATION OF THE ELECTION OF WILLIAM P. NOGLOWS TO THE COMPANY S BOARD OF DIRECTORS FOR THE TERM EXPIRING IN 2006.	Management	For	None
3	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR FISCAL 2004.	Management	For	None
4	APPROVAL OF THE SECOND AMENDED AND RESTATED 2000 EQUITY INCENTIVE PLAN.	Management	For	None

ISSUER NAME: CHINA PETROLEUM & CHEMICAL CORPORATI MEETING DATE: 10/15/2003
TICKER: SNP     SECURITY ID: 16941R108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPROVE: TITLE OF THE BONDS	Management	For	For
2	TO APPROVE: TOTAL ISSUING AMOUNT	Management	For	For
3	TO APPROVE: BOND MATURITY	Management	For	For
4	TO APPROVE: ISSUE PRICE	Management	For	For
5	TO APPROVE: COUPON RATE	Management	For	For
6	TO APPROVE: FORM OF BONDS	Management	For	For
7	TO APPROVE: INTEREST AND PRINCIPAL REPAYMENT	Management	For	For
8	TO APPROVE: TARGET SUBSCRIBERS	Management	For	For
9	TO APPROVE: SCOPE OF ISSUANCE	Management	For	For
10	TO APPROVE: REASONS FOR BOND ISSUANCE	Management	For	For
11	TO APPROVE: USE OF PROCEEDS	Management	For	For
12	TO APPROVE: GUARANTOR	Management	For	For
13	TO APPROVE: LISTING OF BONDS	Management	For	For
14	TO AUTHORIZE THE BOARD TO DEAL WITH MATTERS, INCLUDING BUT NOT LIMITED TO: EXERCISING ALL THE POWERS	Management	For	For
15	TO AUTHORIZE THE BOARD TO DEAL WITH MATTERS, INCLUDING BUT NOT LIMITED TO: FORMULATING THE OFFERING PROSPECTUSES	Management	For	For
16	TO AUTHORIZE THE BOARD TO DEAL WITH MATTERS, INCLUDING BUT NOT LIMITED TO: SIGNING MATERIAL CONTRACTS	Management	For	For
17	TO AUTHORIZE THE BOARD TO DEAL WITH MATTERS, INCLUDING BUT NOT LIMITED TO: DEALING WITH ALL OTHER MATTERS	Management	For	For

ISSUER NAME: CHINA PETROLEUM & CHEMICAL CORPORATI MEETING DATE: 12/18/2003
TICKER: SNP     SECURITY ID: 16941R108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	THAT THE MAJOR ON-GOING CONNECTED TRANSACTIONS BE AND ARE HEREBY APPROVED AND THAT THE BOARD OF DIRECTORS OF SINOPEC CORP. BE AND IS HEREBY AUTHORIZED TO DO ALL SUCH FURTHER ACTS AND THINGS IN CONNECTION WITH THE MAJOR ON-GOING CONNECTED TRANSACTIONS.	Management	For	For
2	THAT THE DE-MINIMUS ON-GOING CONNECTED TRANSACTIONS BE AND ARE HEREBY APPROVED AND THAT THE BOARD OF DIRECTORS OF SINOPEC CORP. BE AND IS HEREBY AUTHORIZED TO DO ALL SUCH FURTHER ACTS AND THINGS IN CONNECTION WITH THE DE-MINIMUS ON-GOING CONNECTED TRANSACTIONS.	Management	For	For

ISSUER NAME: CHINA PETROLEUM & CHEMICAL CORPORATI MEETING DATE: 05/18/2004
TICKER: SNP     SECURITY ID: 16941R108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO CONSIDER AND APPROVE THE REPORT OF THE BOARD OF DIRECTORS OF SINOPEC CORP. FOR THE YEAR ENDED 31 DECEMBER 2003.	Management	For	For
2	TO CONSIDER AND APPROVE THE REPORT OF THE SUPERVISORY COMMITTEE OF SINOPEC CORP. FOR THE YEAR ENDED 31 DECEMBER 2003.	Management	For	For
3	TO CONSIDER AND APPROVE THE AUDITED ACCOUNTS AND AUDITED CONSOLIDATED ACCOUNTS OF SINOPEC CORP. FOR THE YEAR ENDED 31 DECEMBER 2003.	Management	For	For
4	TO CONSIDER AND APPROVE SINOPEC CORP. S 2003 PROFIT APPROPRIATION PLAN AND THE FINAL DIVIDEND.	Management	For	For
5	TO RE-APPOINT MESSRS. KPMG HUAZHEN AND KPMG AS THE PRC AND INTERNATIONAL AUDITORS, RESPECTIVELY, OF SINOPEC CORP. FOR THE YEAR 2004 AND TO AUTHORIZE THE BOARD OF DIRECTORS TO FIX THEIR REMUNERATION.	Management	For	For
6	TO AUTHORIZE THE BOARD OF DIRECTORS TO ALLOT AND ISSUE NEW FOREIGN SHARES LISTED OVERSEAS.	Management	For	For
7	TO AMEND THE ARTICLES OF ASSOCIATION AND ITS SCHEDULES.	Management	For	For

ISSUER NAME: CROMPTON CORPORATION MEETING DATE: 04/27/2004
TICKER: CK     SECURITY ID: 227116100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LEO I. HIGDON, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT C.A. (LANCE) PICCOLO AS A DIRECTOR	Management	For	For
1.3	ELECT BRUCE F. WESSON AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE SELECTION BY THE BOARD OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004.	Management	For	For

ISSUER NAME: CYTEC INDUSTRIES INC. MEETING DATE: 04/22/2004
TICKER: CYT     SECURITY ID: 232820100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT C.A. DAVIS AS A DIRECTOR	Management	For	For
1.2	ELECT W.P. POWELL AS A DIRECTOR	Management	For	For
2	RATIFICATION OF KPMG LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR 2004	Management	For	For

ISSUER NAME: DELTA AND PINE LAND COMPANY MEETING DATE: 01/15/2004
TICKER: DLP     SECURITY ID: 247357106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH M. MURPHY AS A DIRECTOR	Management	For	For
1.2	ELECT RUDI E. SCHEIDT AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE AUDITING FIRM OF KPMG, LLP.	Management	For	For

ISSUER NAME: EASTMAN CHEMICAL COMPANY MEETING DATE: 05/06/2004
TICKER: EMN     SECURITY ID: 277432100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RENEE J. HORNBAKER AS A DIRECTOR	Management	For	Withhold
1.2	ELECT THOMAS H. MCLAIN AS A DIRECTOR	Management	For	Withhold
1.3	ELECT PETER M. WOOD AS A DIRECTOR	Management	For	Withhold
2	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS	Management	For	For
3	ADOPTION OF STOCKHOLDER PROPOSAL TO UTILIZE RESTRICTED SHARES IN LIEU OF STOCK OPTIONS AS EXECUTIVE STOCK-BASED COMPENSATION	Shareholder	Against	Against

ISSUER NAME: ENCANA CORP MEETING DATE: 04/28/2004
TICKER: --     SECURITY ID: 292505104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE CONSOLIDATED FINANCIAL STATEMENTS AND THE AUDITORS REPORT FOR THE YE 31 DEC 2003	N/A	N/A	N/A
2	ELECT MR. MICHAEL N. CHERNOFF AS A DIRECTOR	Management	Unknown	For
3	ELECT MR. RALPH S. CUNNINGHAM AS A DIRECTOR	Management	Unknown	For
4	ELECT MR. PATRICK D. DANIEL AS A DIRECTOR	Management	Unknown	For
5	ELECT MR. IAN W. DELANEY AS A DIRECTOR	Management	Unknown	For
6	ELECT MR. WILLIAM R. FATT AS A DIRECTOR	Management	Unknown	For
7	ELECT MR. MICHAEL A. GRANDIN AS A DIRECTOR	Management	Unknown	For
8	ELECT MR. BARRY W. HARRISON AS A DIRECTOR	Management	Unknown	For
9	ELECT MR. RICHARD F. HASKAYNE AS A DIRECTOR	Management	Unknown	For
10	ELECT MR. DALE A. LUCAS AS A DIRECTOR	Management	Unknown	For
11	ELECT MR. KEN F. MCCREADY AS A DIRECTOR	Management	Unknown	For
12	ELECT MR. GWYN MORGAN AS A DIRECTOR	Management	Unknown	For
13	ELECT MR. VALERIE A.A. NIELSEN AS A DIRECTOR	Management	Unknown	For
14	ELECT MR. DAVID P. O BRIEN AS A DIRECTOR	Management	Unknown	For
15	ELECT MR. JANE L. PEVERETT AS A DIRECTOR	Management	Unknown	For
16	ELECT MR. DENNIS A. SHARP AS A DIRECTOR	Management	Unknown	For
17	ELECT MR. JAMES M. STANFORD AS A DIRECTOR	Management	Unknown	For
18	APPOINT PRICEWATERHOUSECOOPERS LLP, CHARTERED ACCOUNTANTS, AS THE AUDITORS OFTHE CORPORATION AND AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION	Management	Unknown	For
19	APPROVE THE NEW BY-LAW NO.1 NEW BY-LAW NO.1 WHICH REPLACED ENCANA S BY-LAWSIN EFFECT IMMEDIATELY PRIOR TO 18 FEB 2004; NEW BY-LAW NO.1 SETS FORTH THE GENERAL RULES WITH RESPECT TO THE BUSINESS AND AFFAIRS OF THE CORPORATION, INCLUDING THE FRAMEWORK FOR THE EXECUTION OF DOCUMENTS ON BEHALF OF THE CORPORATION, THE BORROWING POWERS OF THE BOARD, THE FORMALITIES ASSOCIATED WITH MEETINGS OF THE BOARD, THE FORMALITIES ASSOCIATED WITH SHAREHOLDER MEETINGS, THE APPOINTMENT OF OFFICERS, THE DIVISION O...	Management	Unknown	For
20	AMEND THE RIGHTS PLAN TO CONTINUE IN EFFECT AFTER THE MEETING, IT MUST BE RECONFIRMED BY A SIMPLE MAJORITY OF VOTES CAST BY THE INDEPENDENT SHAREHOLDERS AT THE MEETING; INDEPENDENT SHAREHOLDERS IS DEFINED IN THE RIGHTS PLAN, IN EFFECT, AS ALL HOLDERS OF COMMON SHARES, EXCLUDING ANY ACQUIRING PERSON AS SPECIFIED , ANY PERSON THAT IS MAKING OR HAS ANNOUNCED A CURRENT INTENTION TO MAKE A TAKE-OVER BID FOR THE COMMON SHARES, AFFILIATES, ASSOCIATES AND PERSONS ACTING JOINTLY OR IN CONCERT WITH SUCH ...	Management	Unknown	For
21	TRANSACT SUCH OTHER BUSINESS	N/A	N/A	N/A

ISSUER NAME: FERRO CORPORATION MEETING DATE: 04/30/2004
TICKER: FOE     SECURITY ID: 315405100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL H. BULKIN AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL F. MEE AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM J. SHARP AS A DIRECTOR	Management	For	For
1.4	ELECT ALBERTO WEISSER AS A DIRECTOR	Management	For	For

ISSUER NAME: FIDELITY CASH CENTRAL FUND MEETING DATE: 04/14/2004
TICKER: --     SECURITY ID: 31635A105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO AMEND THE TRUST INSTRUMENT 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: 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: FMC CORPORATION MEETING DATE: 04/27/2004
TICKER: FMC     SECURITY ID: 302491303
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM F. REILLY AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES R. THOMPSON AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM G. WALTER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS.	Management	For	For

ISSUER NAME: GEORGIA GULF CORPORATION MEETING DATE: 05/18/2004
TICKER: GGC     SECURITY ID: 373200203
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JERRY R. SATRUM AS A DIRECTOR	Management	For	For
1.2	ELECT EDWARD A. SCHMITT AS A DIRECTOR	Management	For	For
1.3	ELECT YOSHI KAWASHIMA AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP TO SERVE AS INDEPENDENT PUBLIC ACCOUNTANTS FOR GEORGIA GULF FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	TO APPROVE AND ADOPT THE AMENDED AND RESTATED 2002 EQUITY AND PERFORMANCE INCENTIVE PLAN.	Management	For	For
4	TO APPROVE AND ADOPT THE SENIOR EXECUTIVE BONUS PLAN.	Management	For	For

ISSUER NAME: HERCULES INCORPORATED MEETING DATE: 07/25/2003
TICKER: HPC     SECURITY ID: 427056106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PATRICK DUFF AS A DIRECTOR	Management	For	None
1.2	ELECT THOMAS P. GERRITY AS A DIRECTOR	Management	For	None
1.3	ELECT JOHN K. WULFF AS A DIRECTOR	Management	For	None
1.4	ELECT JOE B. WYATT AS A DIRECTOR	Management	For	None
2	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS	Management	For	None
3	APPROVAL OF THE HERCULES INCORPORATED OMNIBUS EQUITY COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS	Management	For	None
4	SHAREHOLDER PROPOSAL FOR REDEMPTION OF THE RIGHTS PLAN	Shareholder	Against	None
5	SHAREHOLDER PROPOSAL REQUESTING AMENDMENT OF THE COMPANY S CHARTER TO PROVIDE FOR THE RIGHTS OF SHAREHOLDERS TO TAKE ACTION BY WRITTEN CONSENT AND TO CALL SPECIAL MEETINGS	Shareholder	Against	None

ISSUER NAME: HERCULES INCORPORATED MEETING DATE: 07/25/2003
TICKER: HPC     SECURITY ID: 427056106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECTION OF DIRECTORS (OPPOSITION SLATE)	Management	For	For
1.2	ELECTION OF DIRECTORS (OPPOSITION SLATE)	Management	For	For
1.3	ELECTION OF DIRECTORS (OPPOSITION SLATE)	Management	For	For
1.4	ELECTION OF DIRECTORS (OPPOSITION SLATE)	Management	For	For
2	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For
3	APPROVAL OF THE HERCULES INCORPORATED OMNIBUS EQUITY COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS	Management	Against	Against
4	SHAREHOLDER PROPOSAL FOR REDEMPTION OF THE RIGHTS PLAN	Shareholder	For	For
5	SHAREHOLDER PROPOSAL REQUESTING AMENDMENT OF THE COMPANY S CHARTER TO PROVIDE FOR THE RIGHTS OF SHAREHOLDERS TO TAKE ACTION BY WRITTEN CONSENT AND TO CALL SPECIAL MEETINGS	Shareholder	For	For

ISSUER NAME: HERCULES INCORPORATED MEETING DATE: 05/12/2004
TICKER: HPC     SECURITY ID: 427056106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CRAIG A. ROGERSON AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN C. HUNTER, III AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT D. KENNEDY AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDMENTS TO THE HERCULES BY-LAWS TO PROVIDE THAT DIRECTORS BE ELECTED BY PLURALITY VOTE	Management	For	Against
3	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS	Management	For	For
4	APPROVAL OF AMENDMENTS TO THE HERCULES BY-LAWS AND RESTATED CERTIFICATE OF INCORPORATION TO REINSTATE THE RIGHTS OF THE SHAREHOLDERS TO TAKE ACTION BY WRITTEN CONSENT AND TO CALL SPECIAL MEETINGS	Management	For	For

ISSUER NAME: HEXCEL CORPORATION MEETING DATE: 06/03/2004
TICKER: HXL     SECURITY ID: 428291108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOEL S. BECKMAN AS A DIRECTOR	Management	For	For
1.2	ELECT H. ARTHUR BELLOWS, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID E. BERGES AS A DIRECTOR	Management	For	For
1.4	ELECT JEFFREY C. CAMPBELL AS A DIRECTOR	Management	For	For
1.5	ELECT SANDRA L. DERICKSON AS A DIRECTOR	Management	For	For
1.6	ELECT JAMES J. GAFFNEY AS A DIRECTOR	Management	For	For
1.7	ELECT SANJEEV K. MEHRA AS A DIRECTOR	Management	For	For
1.8	ELECT PETER M. SACERDOTE AS A DIRECTOR	Management	For	For
1.9	ELECT ROBERT J. SMALL AS A DIRECTOR	Management	For	For
1.10	ELECT MARTIN L. SOLOMON AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE HEXCEL CORPORATION MANAGEMENT INCENTIVE COMPENSATION PLAN.	Management	For	For
3	PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: IMC GLOBAL INC. MEETING DATE: 05/14/2004
TICKER: IGL     SECURITY ID: 449669100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DONALD F. MAZANKOWSKI AS A DIRECTOR	Management	For	For
1.2	ELECT DOUGLAS A. PERTZ AS A DIRECTOR	Management	For	For
1.3	ELECT RICHARD L. THOMAS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: LG PETROCHEMICAL CO LTD MEETING DATE: 03/17/2004
TICKER: --     SECURITY ID: Y5276X106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE THE 26TH FINANCIAL STATEMENT	Management	Unknown	For
2	APPOINT THE DIRECTORS	Management	Unknown	For
3	APPROVE THE REMUNERATION LIMIT FOR THE DIRECTORS	Management	Unknown	For

ISSUER NAME: LYONDELL CHEMICAL COMPANY MEETING DATE: 05/06/2004
TICKER: LYO     SECURITY ID: 552078107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CAROL A. ANDERSON AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM T. BUTLER AS A DIRECTOR	Management	For	For
1.3	ELECT STEPHEN I. CHAZEN AS A DIRECTOR	Management	For	For
1.4	ELECT TRAVIS ENGEN AS A DIRECTOR	Management	For	For
1.5	ELECT S.F. HINCHLIFFE, JR. AS A DIRECTOR	Management	For	For
1.6	ELECT DANNY W. HUFF AS A DIRECTOR	Management	For	For
1.7	ELECT RAY R. IRANI AS A DIRECTOR	Management	For	For
1.8	ELECT DAVID J. LESAR AS A DIRECTOR	Management	For	For
1.9	ELECT DUDLEY C. MECUM AS A DIRECTOR	Management	For	For
1.10	ELECT DAN F. SMITH AS A DIRECTOR	Management	For	For
1.11	ELECT WILLIAM R. SPIVEY AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP, INDEPENDENT AUDITORS, AS THE COMPANY S AUDITORS FOR THE YEAR 2004.	Management	For	For

ISSUER NAME: MONSANTO COMPANY MEETING DATE: 01/29/2004
TICKER: MON     SECURITY ID: 61166W101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRANK V. ATLEE III AS A DIRECTOR	Management	For	For
1.2	ELECT GWENDOLYN S. KING AS A DIRECTOR	Management	For	For
1.3	ELECT SHARON R. LONG AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT ACCOUNTANTS	Management	For	For
3	APPROVAL OF AMENDMENTS TO LONG-TERM INCENTIVE PLAN	Management	For	Against
4	APPROVAL OF SHAREOWNER PROPOSAL ONE	Shareholder	Against	Against
5	APPROVAL OF SHAREOWNER PROPOSAL TWO	Shareholder	Against	Against
6	APPROVAL OF SHAREOWNER PROPOSAL THREE	Shareholder	Against	For

ISSUER NAME: NOVA CHEMICALS CORPORATION MEETING DATE: 04/14/2004
TICKER: NCX     SECURITY ID: 66977W109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT J.A. BLUMBERG AS A DIRECTOR	Management	For	For
1.2	ELECT F.P. BOER AS A DIRECTOR	Management	For	For
1.3	ELECT J. BOUGIE AS A DIRECTOR	Management	For	For
1.4	ELECT J.V. CREIGHTON AS A DIRECTOR	Management	For	For
1.5	ELECT R.E. DINEEN, JR. AS A DIRECTOR	Management	For	For
1.6	ELECT L.Y. FORTIER AS A DIRECTOR	Management	For	For
1.7	ELECT K.L. HAWKINS AS A DIRECTOR	Management	For	For
1.8	ELECT J.M. LIPTON AS A DIRECTOR	Management	For	For
1.9	ELECT A.M. LUDWICK AS A DIRECTOR	Management	For	For
1.10	ELECT J.E. NEWALL AS A DIRECTOR	Management	For	For
1.11	ELECT J.G. RENNIE AS A DIRECTOR	Management	For	For
1.12	ELECT J.M. STANFORD AS A DIRECTOR	Management	For	For
2	THE APPOINTMENT OF ERNST & YOUNG LLP AS THE AUDITORS OF NOVA CHEMICALS AND THE AUTHORIZATION OF THE DIRECTORS TO FIX THEIR REMUNERATION.	Management	For	For
3	THE SPECIAL RESOLUTION TO APPROVE THE CONTINUANCE OF NOVA CHEMICALS UNDER THE CANADA BUSINESS CORPORATIONS ACT ( CBCA ) (THE CONTINUANCE ), IN THE FORM ATTACHED AS APPENDIX 1 TO THE MANAGEMENT INFORMATION CIRCULAR DATED FEBRUARY 12, 2004.	Management	For	For
4	THE RESOLUTION TO APPROVE NEW GENERAL BY-LAW NO. 2 OF NOVA CHEMICALS, CONDITIONAL UPON THE CONTINUANCE BECOMING EFFECTIVE, IN THE FORM ATTACHED AS APPENDIX 2 TO THE MANAGEMENT INFORMATION CIRCULAR DATED FEBRUARY 12, 2004.	Management	For	For

ISSUER NAME: NUCOR CORPORATION MEETING DATE: 05/13/2004
TICKER: NUE     SECURITY ID: 670346105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DANIEL R. DIMICCO AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES D. HLAVACEK AS A DIRECTOR	Management	For	For
1.3	ELECT RAYMOND J. MILCHOVICH AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS NUCOR S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004	Management	For	For

ISSUER NAME: OLIN CORPORATION MEETING DATE: 04/29/2004
TICKER: OLN     SECURITY ID: 680665205
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL COLEMAN AS A DIRECTOR	Management	For	For
1.2	ELECT DONALD W. GRIFFIN AS A DIRECTOR	Management	For	For
1.3	ELECT RANDALL W. LARRIMORE AS A DIRECTOR	Management	For	For
1.4	ELECT ANTHONY W. RUGGIERO AS A DIRECTOR	Management	For	For
1.5	ELECT PHILIP J. SCHULZ AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For

ISSUER NAME: POLYONE CORPORATION MEETING DATE: 05/20/2004
TICKER: POL     SECURITY ID: 73179P106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CAROL A. CARTWRIGHT AS A DIRECTOR	Management	For	For
1.2	ELECT GALE DUFF-BLOOM AS A DIRECTOR	Management	For	For
1.3	ELECT J. DOUGLAS CAMPBELL AS A DIRECTOR	Management	For	For
1.4	ELECT WAYNE R. EMBRY AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT A. GARDA AS A DIRECTOR	Management	For	For
1.6	ELECT GORDON D. HARNETT AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID H. HOAG AS A DIRECTOR	Management	For	For
1.8	ELECT WILLIAM F. PATIENT AS A DIRECTOR	Management	For	For
1.9	ELECT THOMAS A. WALTERMIRE AS A DIRECTOR	Management	For	For
1.10	ELECT FARAH M. WALTERS AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE POLYONE CORPORATION DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS.	Management	For	Against

ISSUER NAME: PPG INDUSTRIES, INC. MEETING DATE: 04/15/2004
TICKER: PPG     SECURITY ID: 693506107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES G. BERGES AS A DIRECTOR	Management	For	For
1.2	ELECT ERROLL B. DAVIS, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT VICTORIA F. HAYNES AS A DIRECTOR	Management	For	For
1.4	ELECT ALLEN J. KROWE AS A DIRECTOR	Management	For	For
2	PROPOSAL TO ENDORSE THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS AUDITORS FOR 2004.	Management	For	For

ISSUER NAME: PRAXAIR, INC. MEETING DATE: 04/27/2004
TICKER: PX     SECURITY ID: 74005P104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ALEJANDRO ACHAVAL AS A DIRECTOR	Management	For	For
1.2	ELECT RONALD L. KUEHN, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT H. MITCHELL WATSON, JR. AS A DIRECTOR	Management	For	For
2	PROPOSAL TO AMEND THE LONG TERM INCENTIVE PLAN.	Management	For	For
3	PROPOSAL TO AMEND THE CERTIFICATE OF INCORPORATION.	Management	For	For
4	PROPOSAL TO APPROVE A STOCKHOLDER PROTECTION RIGHTS AGREEMENT.	Management	For	For

ISSUER NAME: SCP POOL CORPORATION MEETING DATE: 05/06/2004
TICKER: POOL     SECURITY ID: 784028102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILSON B. SEXTON AS A DIRECTOR	Management	For	For
1.2	ELECT ANDREW W. CODE AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES J. GAFFNEY AS A DIRECTOR	Management	For	For
1.4	ELECT M.J. PEREZ DE LA MESA AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT C. SLEDD AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN E. STOKELY AS A DIRECTOR	Management	For	For
1.7	ELECT HARLAN F. SEYMOUR AS A DIRECTOR	Management	For	For
1.8	ELECT GEORGE T. HAYMAKER, JR. AS A DIRECTOR	Management	For	For
2	APPROVAL OF AN AMENDMENT TO THE COMPANY S AMENDED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF THE COMPANY S COMMON STOCK FROM 40,000,000 TO 100,000,000.	Management	For	For
3	APPROVAL OF AN AMENDMENT TO THE COMPANY S 2002 LONG-TERM INCENTIVE PLAN TO INCREASE THE MAXIMUM NUMBER OF SHARES OF THE COMPANY S COMMON STOCK AUTHORIZED FOR ISSUANCE THEREUNDER FROM 1,050,000 TO 1,800,000 SHARES.	Management	For	For
4	RATIFICATION OF THE RETENTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: SINOPEC SHANGHAI PETROCHEMICAL CO. L MEETING DATE: 11/21/2003
TICKER: SHI     SECURITY ID: 82935M109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ORDINARY RESOLUTION 1	Management	Unknown	For
2	ORDINARY RESOLUTION 2	Management	Unknown	For

ISSUER NAME: SINOPEC SHANGHAI PETROCHEMICAL CO. L MEETING DATE: 06/18/2004
TICKER: SHI     SECURITY ID: 82935M109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO CONSIDER AND APPROVE THE 2003 REPORT OF THE DIRECTORS.	Management	Unknown	For
2	TO CONSIDER AND APPROVE THE 2003 REPORT OF THE SUPERVISORY COMMITTEE.	Management	Unknown	For
3	TO CONSIDER AND APPROVE THE 2003 AUDITED STATEMENT OF ACCOUNTS AND THE 2004 BUDGET.	Management	Unknown	For
4	TO CONSIDER AND APPROVE THE 2003 PROFIT APPROPRIATION PLAN.	Management	Unknown	For
5	TO CONSIDER AND APPROVE THE RE-APPOINTMENT OF KPMG HAUZHEN AS THE COMPANY S DOMESTIC AUDITORS FOR THE YEAR 2004 AND KPMG AS THE COMPANY S INTERNATIONAL AUDITORS FOR THE YEAR 2004, AND TO AUTHORISE THE DIRECTORS TO FIX THEIR REMUNERATION.	Management	Unknown	For
6	TO REMOVE XU KAICHENG FROM THE LIST OF MEMBERS OF THE FOURTH SESSION OF THE BOARD OF DIRECTORS.	Management	Unknown	For
7	TO REMOVE FENG JIANPING FROM THE LIST OF MEMBERS OF THE FOURTH SESSION OF THE BOARD OF DIRECTORS.	Management	Unknown	For
8	TO REMOVE JIANG BAOXING FROM THE LIST OF MEMBERS OF THE FOURTH SESSION OF THE BOARD OF DIRECTORS.	Management	Unknown	For
9	TO REMOVE LI WEICHANG FROM THE LIST OF MEMBERS OF THE FOURTH SESSION OF THE BOARD OF DIRECTORS.	Management	Unknown	For
10.1	ELECT DU CHONGJUN AS A DIRECTOR	Management	For	For
10.2	ELECT HAN ZHIHAO AS A DIRECTOR	Management	For	For
10.3	ELECT WU HAIJUN AS A DIRECTOR	Management	For	For
10.4	ELECT GAO JINPING AS A DIRECTOR	Management	For	For
11	TO REMOVE THE FOLLOWING PERSON AS SUPERVISOR OF THE FOURTH SESSION OF THE SUPERVISORY COMMITTEE: DU CHONGJUN.	Management	Unknown	For
12	TO APPOINT THE FOLLOWING PERSON AS SUPERVISOR OF THE FOURTH SESSION OF THE SUPERVISORY COMMITTEE: DAI SHUMING.	Management	Unknown	For
13	THAT THE FOLLOWING AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY BE AND ARE HEREBY APPROVED.	Management	Unknown	For
14	THAT ARTICLE 2 OF APPENDIX 2 TO THE ARTICLES OF ASSOCIATION OF THE COMPANY BE DELETED AND REPLACED.	Management	Unknown	For

ISSUER NAME: SPARTECH CORPORATION MEETING DATE: 03/10/2004
TICKER: SEH     SECURITY ID: 847220209
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT BRADLEY B. BUECHLER AS A DIRECTOR	Management	For	For
1.2	ELECT RANDY C. MARTIN AS A DIRECTOR	Management	For	For
1.3	ELECT CALVIN J. O'CONNOR* AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT OF THE CERTIFICATE OF INCORPORATION OF THE COMPANY TO INCREASE THE AUTHORIZED NUMBER OF SHARES OF COMMON STOCK FROM 45,000,000 SHARES TO 55,000,000 SHARES	Management	For	For
3	TO APPROVE THE SPARTECH CORPORATION 2004 EQUITY COMPENSATION PLAN	Management	For	For
4	RATIFY INDEPENDENT AUDITORS	Management	For	For

ISSUER NAME: SYNGENTA AG MEETING DATE: 04/27/2004
TICKER: SYT     SECURITY ID: 87160A100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE ANNUAL REPORT, THE ANNUAL FINANCIAL STATEMENTS AND THE GROUP CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 2003.	Management	Unknown	None
2	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE.	Management	Unknown	None
3	APPROPRIATION OF BALANCE SHEET PROFIT 2003.	Management	Unknown	None
4	REDUCTION OF SHARE CAPITAL AND REPAYMENT OF NOMINAL VALUE OF SHARES.	Management	Unknown	None
5	AMENDMENT OF THE ARTICLES OF INCORPORATION.	Management	Unknown	None
6	APPROVAL OF SHARE REPURCHASE.	Management	Unknown	None
7	ELECTION TO THE BOARD OF DIRECTORS: RE-ELECTION OF: RUPERT GASSER	Management	Unknown	None
8	ELECTION TO THE BOARD OF DIRECTORS: RE-ELECTION OF: HEINZ IMHOF	Management	Unknown	None
9	ELECTION TO THE BOARD OF DIRECTORS: RE-ELECTION OF: MICHAEL PRAGNELL	Management	Unknown	None
10	RE-ELECTION OF ERNST & YOUNG AG AS AUDITORS OF SYNGENTA AG AND GROUP AUDITORS FOR THE BUSINESS YEAR 2004.	Management	Unknown	None

ISSUER NAME: THE DOW CHEMICAL COMPANY MEETING DATE: 05/13/2004
TICKER: DOW     SECURITY ID: 260543103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ARNOLD A. ALLEMANG AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN C. DANFORTH AS A DIRECTOR	Management	For	For
1.3	ELECT JEFF M. FETTIG AS A DIRECTOR	Management	For	For
1.4	ELECT ANDREW N. LIVERIS AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES M. RINGLER AS A DIRECTOR	Management	For	For
1.6	ELECT WILLIAM S. STAVROPOULOS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS DOW S INDEPENDENT AUDITORS FOR 2004.	Management	For	For
3	AMENDMENT OF THE RESTATED CERTIFICATE OF INCORPORATION FOR THE ANNUAL ELECTION OF DIRECTORS.	Management	For	For
4	STOCKHOLDER PROPOSAL ON BHOPAL.	Shareholder	Against	Against

ISSUER NAME: THE VALSPAR CORPORATION MEETING DATE: 02/25/2004
TICKER: VAL     SECURITY ID: 920355104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CHARLES W. GAILLARD AS A DIRECTOR	Management	For	For
1.2	ELECT MAE C. JEMISON AS A DIRECTOR	Management	For	For
1.3	ELECT GREGORY R. PALEN AS A DIRECTOR	Management	For	For
1.4	ELECT LAWRENCE PERLMAN AS A DIRECTOR	Management	For	For
2	TO APPROVE THE CORPORATION S AMENDED AND RESTATED KEY EMPLOYEE ANNUAL BONUS PLAN.	Management	For	For
3	TO APPROVE THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT PUBLIC ACCOUNTANTS OF THE CORPORATION.	Management	For	For