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 Multimedia 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 12:27:41 PM

EXHIBIT A

VOTE SUMMARY REPORT
Select Multimedia 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: BELO CORP. MEETING DATE: 05/11/2004
TICKER: BLC     SECURITY ID: 080555105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LOUIS E. CALDERA AS A DIRECTOR	Management	For	For
1.2	ELECT J. L. CRAVEN, M.D., MPH AS A DIRECTOR	Management	For	For
1.3	ELECT STEPHEN HAMBLETT AS A DIRECTOR	Management	For	For
1.4	ELECT DEALEY D. HERNDON AS A DIRECTOR	Management	For	For
1.5	ELECT WAYNE R. SANDERS AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE BELO 2004 EXECUTIVE COMPENSATION PLAN.	Management	For	Against

ISSUER NAME: BRITISH SKY BROADCASTING GROUP PLC MEETING DATE: 11/14/2003
TICKER: BSY     SECURITY ID: 111013108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO ADOPT THE REPORT AND FINANCIAL STATEMENTS	Management	For	For
2	TO ELECT LORD WILSON OF DINTON AS A DIRECTOR	Management	For	For
3	TO ELECT JAMES MURDOCH AS A DIRECTOR	Management	For	For
4	TO ELECT CHASE CAREY AS A DIRECTOR	Management	For	For
5	TO RE-APPOINT DAVID EVANS AS A DIRECTOR	Management	For	For
6	TO RE-APPOINT LORD ST. JOHN OF FAWSLEY AS A DIRECTOR	Management	For	For
7	TO RE-APPOINT MARTIN STEWART AS A DIRECTOR	Management	For	For
8	TO RE-APPOINT DELOITTE & TOUCHE LLP AS AUDITORS	Management	For	For
9	TO RECEIVE THE REMUNERATION REPORT OF THE DIRECTORS	Management	For	For
10	TO AUTHORISE THE DIRECTORS TO MAKE EU POLITICAL DONATIONS UNDER THE PPER ACT 2000	Management	For	For
11	TO AUTHORISE THE DIRECTORS TO ALLOT SHARES UNDER SECTION 80 COMPANIES ACT 1985	Management	For	For
12	TO DISAPPLY STATUTORY PRE-EMPTION RIGHTS (SPECIAL RESOLUTION)	Management	For	For
13	TO REDUCE THE SHARE PREMIUM ACCOUNT (SPECIAL RESOLUTION)	Management	For	For

ISSUER NAME: CABLEVISION SYSTEMS CORPORATION MEETING DATE: 05/25/2004
TICKER: CVC     SECURITY ID: 12686C109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT CHARLES D. FERRIS AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD H. HOCHMAN AS A DIRECTOR	Management	For	For
1.3	ELECT VICTOR ORISTANO AS A DIRECTOR	Management	For	For
1.4	ELECT VINCENT TESE AS A DIRECTOR	Management	For	For
1.5	ELECT THOMAS V. REIFENHEISER AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN R. RYAN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY AND APPROVE THE APPOINTMENT OF KPMG LLP, AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR 2004.	Management	For	For

ISSUER NAME: CENTRAL EUROPEAN MEDIA ENTERPRISES L MEETING DATE: 06/02/2004
TICKER: CETV     SECURITY ID: G20045202
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RONALD S. LAUDER AS A DIRECTOR	Management	For	For
1.2	ELECT FREDERIC T. KLINKHAMMER AS A DIRECTOR	Management	For	For
1.3	ELECT CHARLES R. FRANK, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT MICHAEL GARIN AS A DIRECTOR	Management	For	For
1.5	ELECT HERBERT A. GRANATH AS A DIRECTOR	Management	For	For
1.6	ELECT ALFRED W. LANGER AS A DIRECTOR	Management	For	For
1.7	ELECT BRUCE MAGGIN AS A DIRECTOR	Management	For	For
1.8	ELECT ANN MATHER AS A DIRECTOR	Management	For	For
1.9	ELECT ERIC ZINTERHOFER AS A DIRECTOR	Management	For	For
2	THE ADOPTION OF THE FINANCIAL STATEMENTS OF THE COMPANY AND THE AUDITORS REPORT THEREON FOR THE COMPANY S FISCAL YEAR ENDED DECEMBER 31, 2003.	Management	For	For
3	THE APPOINTMENT OF DELOITTE & TOUCHE AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE 2004 FISCAL YEAR AND THE AUTHORIZATION OF THE BOARD OF DIRECTORS TO APPROVE THE AUDITORS FEE.	Management	For	For

ISSUER NAME: CHARTER COMMUNICATIONS, INC. MEETING DATE: 07/23/2003
TICKER: CHTR     SECURITY ID: 16117M107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT NANCY B. PERETSMAN AS A DIRECTOR	Management	For	For
2	AMENDMENT TO THE COMPANY S 2001 STOCK INCENTIVE PLAN TO INCREASE BY 30,000,000 SHARES THE NUMBER OF SHARES OF CLASS A COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE PLAN	Management	For	Against
3	AMENDMENTS TO THE 1999 OPTION PLAN AND THE 2001 STOCK INCENTIVE PLAN TO AUTHORIZE THE REPRICING OF OUTSTANDING STOCK OPTIONS	Management	For	Against
4	RATIFICATION OF KPMG LLP AS INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For

ISSUER NAME: CHEIL COMMUNICATIONS INC MEETING DATE: 02/27/2004
TICKER: --     SECURITY ID: Y1296G108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE THE BALANCE SHEET, STATEMENT OF INCOME AND THE DISPOSITION OF RETAINED EARNING OF KRW 3,000 PER 1 COMMON SHARE	Management	Unknown	For
2	APPOINT THE DIRECTORS	Management	Unknown	For
3	APPOINT THE AUDIT DIRECTORS	Management	Unknown	For
4	APPROVE THE CEILING AMOUNT OF REMUNERATION FOR THE DIRECTORS	Management	Unknown	For
5	APPROVE THE CEILING AMOUNT OF REMUNERATION FOR THE AUDIT DIRECTORS	Management	Unknown	For

ISSUER NAME: CINRAM LTD MEETING DATE: 06/16/2004
TICKER: --     SECURITY ID: 17252T105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE ANNUAL REPORT AND THE FINANCIAL STATEMENTS FOR THE YE 31 DEC 2003AND THE REPORT OF THE AUDITORS THEREON	N/A	N/A	N/A
2	APPOINT KPMG LLP AS THE AUDITORS OF THE CORPORATION AND AUTHORIZE THE DIRECTORS OF THE CORPORATION TO FIX THEIR REMUNERATION	Management	Unknown	For
3	ELECT MR. ISIDORE PHILOSOPHE AS A DIRECTOR	Management	Unknown	For
4	ELECT MR. LEWIS RITCHIE AS A DIRECTOR	Management	Unknown	For
5	ELECT MR. NORMAN MAY AS A DIRECTOR	Management	Unknown	For
6	ELECT MR. HENRI A. ABOUTBOUL AS A DIRECTOR	Management	Unknown	For
7	ELECT MR. PETER G. WHITE AS A DIRECTOR	Management	Unknown	For
8	ELECT MR. DAVID RUBENSTEIN AS A DIRECTOR	Management	Unknown	For
9	ELECT MR. JOHN PRESTON AS A DIRECTOR	Management	Unknown	For
10	ELECT MR. NADIR MOHAMED AS A DIRECTOR	Management	Unknown	For
11	APPROVE: A) TO AMEND THE CORPORATION S STOCK OPTION INCENTIVE PLAN BY; I) LIMITING THE NUMBER OF OPTIONS WHICH MAY BE GRANTED TO EACH ELIGIBLE PARTICIPANT WHO IS THE DIRECTOR OF THE CORPORATION OR ONE OF ITS SUBSIDIARIES BUT NOT AN EMPLOYEE OR OFFICER OF THE CORPORATION OR ON OF ITS SUBSIDIARIES TO 10,000 OPTIONS PER FY; II) INCREASING THE MAXIMUM NUMBER OF COMMON SHARES OF THE CORPORATION RESERVED FOR ISSUANCE PURSUANT TO THE SAID PLAN FROM 4,000,000 COMMON SHARES TO 5,500,000; B) TO AUTHORIZE ...	Management	Unknown	For
12	TRANSACT ANY OTHER BUSINESS	N/A	N/A	N/A

ISSUER NAME: CLEAR CHANNEL COMMUNICATIONS, INC. MEETING DATE: 04/28/2004
TICKER: CCU     SECURITY ID: 184502102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ALAN D. FELD AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS O. HICKS AS A DIRECTOR	Management	For	For
1.3	ELECT PERRY J. LEWIS AS A DIRECTOR	Management	For	For
1.4	ELECT L. LOWRY MAYS AS A DIRECTOR	Management	For	For
1.5	ELECT MARK P. MAYS AS A DIRECTOR	Management	For	For
1.6	ELECT RANDALL T. MAYS AS A DIRECTOR	Management	For	For
1.7	ELECT B.J. MCCOMBS AS A DIRECTOR	Management	For	For
1.8	ELECT PHYLLIS B. RIGGINS AS A DIRECTOR	Management	For	For
1.9	ELECT THEORDORE H. STRAUSS AS A DIRECTOR	Management	For	For
1.10	ELECT J.C. WATTS AS A DIRECTOR	Management	For	For
1.11	ELECT JOHN H. WILLIAMS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: COVAD COMMUNICATIONS GROUP, INC. MEETING DATE: 08/14/2003
TICKER: COVD     SECURITY ID: 222814204
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LARRY IRVING AS A DIRECTOR	Management	For	For
1.2	ELECT RICHARD A. JALKUT AS A DIRECTOR	Management	For	For
1.3	ELECT DANIEL C. LYNCH AS A DIRECTOR	Management	For	For
2	APPROVAL OF COVAD S 2003 EMPLOYEE STOCK PURCHASE PLAN	Management	For	For
3	RATIFICATION OF INDEPENDENT AUDITORS, ERNST & YOUNG LLP, FOR THE 2003 FISCAL YEAR	Management	For	For

ISSUER NAME: DOW JONES & COMPANY, INC. MEETING DATE: 04/21/2004
TICKER: DJ     SECURITY ID: 260561105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT IRVINE O. HOCKADAY, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT VERNON E. JORDAN, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT LEWIS B. CAMPBELL AS A DIRECTOR	Management	For	For
1.4	ELECT DIETER VON HOLTZBRINCK AS A DIRECTOR	Management	For	For
1.5	ELECT ELIZABETH STEELE AS A DIRECTOR	Management	For	For
2	APPROVAL OF AUDITORS FOR 2004.	Management	For	For
3	AMENDMENT TO THE COMPANY S 2001 LONG-TERM INCENTIVE PLAN TO INCREASE THE SHARES RESERVED FOR ISSUANCE FROM 7,000,000 TO 9,000,000 SHARES.	Management	For	Against
4	STOCKHOLDER PROPOSAL TO SEPARATE THE POSITIONS OF CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER.	Shareholder	Against	Against

ISSUER NAME: DYCOM INDUSTRIES, INC. MEETING DATE: 11/25/2003
TICKER: DY     SECURITY ID: 267475101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEVEN E. NIELSEN AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN C. COLEY AS A DIRECTOR	Management	For	For
2	THE APPROVAL OF THE COMPANY S 2003 LONG-TERM INCENTIVE PLAN.	Management	For	For

ISSUER NAME: ECHOSTAR COMMUNICATIONS CORPORATION MEETING DATE: 05/06/2004
TICKER: DISH     SECURITY ID: 278762109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL T. DUGAN AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES DEFRANCO AS A DIRECTOR	Management	For	For
1.3	ELECT CANTEY ERGEN AS A DIRECTOR	Management	For	For
1.4	ELECT CHARLES W. ERGEN AS A DIRECTOR	Management	For	For
1.5	ELECT RAYMOND L. FRIEDLOB AS A DIRECTOR	Management	For	For
1.6	ELECT STEVEN R. GOODBARN AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID K. MOSKOWITZ AS A DIRECTOR	Management	For	For
1.8	ELECT C. MICHAEL SCHROEDER AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS.	Management	For	For
3	TO TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT THEREOF.	Management	For	Abstain

ISSUER NAME: EMMIS COMMUNICATIONS CORPORATION MEETING DATE: 06/30/2004
TICKER: EMMS     SECURITY ID: 291525103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JEFFREY H. SMULYAN AS A DIRECTOR	Management	For	For
1.2	ELECT WALTER Z. BERGER AS A DIRECTOR	Management	For	For
1.3	ELECT GREG A. NATHANSON AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.	Management	For	For
3	PROPOSAL TO APPROVE THE EMMIS COMMUNICATIONS CORPORATION 2004 EQUITY COMPENSATION PLAN.	Management	For	Against

ISSUER NAME: ENTRAVISION COMMUNICATIONS CORPORATI MEETING DATE: 05/26/2004
TICKER: EVC     SECURITY ID: 29382R107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WALTER F. ULLOA AS A DIRECTOR	Management	For	For
1.2	ELECT PHILIP C. WILKINSON AS A DIRECTOR	Management	For	For
1.3	ELECT PAUL A. ZEVNIK AS A DIRECTOR	Management	For	For
1.4	ELECT DARRYL B. THOMPSON AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL S. ROSEN AS A DIRECTOR	Management	For	For
1.6	ELECT ESTEBAN E. TORRES AS A DIRECTOR	Management	For	For
1.7	ELECT PATRICIA DIAZ DENNIS AS A DIRECTOR	Management	For	For
1.8	ELECT JESSE CASSO, JR. AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT AND RESTATEMENT OF THE COMPANY S CERTIFICATE OF INCORPORATION.	Management	For	Against
3	TO APPROVE THE ADOPTION OF THE COMPANY S 2004 EQUITY INCENTIVE PLAN.	Management	For	Against
4	TO RATIFY THE APPOINTMENT OF MCGLADREY & PULLEN, LLP AS INDEPENDENT AUDITOR OF THE COMPANY FOR THE 2004 FISCAL YEAR.	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: FOX ENTERTAINMENT GROUP, INC. MEETING DATE: 11/25/2003
TICKER: FOX     SECURITY ID: 35138T107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT K. RUPERT MURDOCH AS A DIRECTOR	Management	For	For
1.2	ELECT PETER CHERNIN AS A DIRECTOR	Management	For	For
1.3	ELECT DAVID F. DEVOE AS A DIRECTOR	Management	For	For
1.4	ELECT ARTHUR M. SISKIND AS A DIRECTOR	Management	For	For
1.5	ELECT LACHLAN K. MURDOCH AS A DIRECTOR	Management	For	For
1.6	ELECT CHRISTOS M. COTSAKOS AS A DIRECTOR	Management	For	For
1.7	ELECT THOMAS W. JONES AS A DIRECTOR	Management	For	For
1.8	ELECT PETER POWERS AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT ACCOUNTANTS.	Management	For	For

ISSUER NAME: GANNETT CO., INC. MEETING DATE: 05/04/2004
TICKER: GCI     SECURITY ID: 364730101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES A. JOHNSON AS A DIRECTOR	Management	For	Withhold
1.2	ELECT DOUGLAS H. MCCORKINDALE AS A DIRECTOR	Management	For	Withhold
1.3	ELECT STEPHEN P. MUNN AS A DIRECTOR	Management	For	Withhold
2	PROPOSAL TO RATIFY PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S AUDITORS.	Management	For	For
3	PROPOSAL TO AMEND 2001 OMNIBUS INCENTIVE COMPENSATION PLAN.	Management	For	Against
4	SHAREHOLDER PROPOSAL CONCERNING EXECUTIVE COMPENSATION.	Shareholder	Against	For

ISSUER NAME: GEMSTAR-TV GUIDE INTERNATIONAL, INC. MEETING DATE: 06/03/2004
TICKER: GMST     SECURITY ID: 36866W106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT NICHOLAS DONATIELLO, JR AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES E. MEYER AS A DIRECTOR	Management	For	For
1.3	ELECT LACHLAN K. MURDOCH AS A DIRECTOR	Management	For	For
2	RATIFICATION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: GENERAL MOTORS CORPORATION MEETING DATE: 10/03/2003
TICKER: GMH     SECURITY ID: 370442832
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE FIRST GM CHARTER AMENDMENT	Management	For	For
2	RATIFICATION OF THE NEW HUGHES CERTIFICATE OF INCORPORATION	Management	For	For
3	RATIFICATION OF THE HUGHES SPLIT-OFF, INCLUDING THE SPECIAL DIVIDEND	Management	For	For
4	RATIFICATION OF THE GM/NEWS STOCK SALE	Management	For	For
5	RATIFICATION OF THE NEWS STOCK ACQUISITION	Management	For	For
6	APPROVAL OF THE SECOND GM CHARTER AMENDMENT	Management	For	For

ISSUER NAME: INFOUSA INC. MEETING DATE: 05/04/2004
TICKER: IUSA     SECURITY ID: 456818301
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HAROLD W. ANDERSON AS A DIRECTOR	Management	For	For
1.2	ELECT ELLIOT S. KAPLAN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY S INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: INTERACTIVECORP MEETING DATE: 06/23/2004
TICKER: IACI     SECURITY ID: 45840Q101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RICHARD N. BARTON AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT R. BENNETT AS A DIRECTOR	Management	For	For
1.3	ELECT EDGAR BRONFMAN, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT BARRY DILLER AS A DIRECTOR	Management	For	For
1.5	ELECT VICTOR A. KAUFMAN AS A DIRECTOR	Management	For	For
1.6	ELECT DONALD R. KEOUGH* AS A DIRECTOR	Management	For	For
1.7	ELECT MARIE-JOSEE KRAVIS AS A DIRECTOR	Management	For	For
1.8	ELECT JOHN C. MALONE AS A DIRECTOR	Management	For	For
1.9	ELECT STEVEN RATTNER AS A DIRECTOR	Management	For	For
1.10	ELECT GEN. H.N. SCHWARZKOPF* AS A DIRECTOR	Management	For	For
1.11	ELECT ALAN G. SPOON* AS A DIRECTOR	Management	For	For
1.12	ELECT DIANE VON FURSTENBERG AS A DIRECTOR	Management	For	For
2	THE PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE YEAR ENDING DECEMBER 31, 2004	Management	For	For

ISSUER NAME: ITV PLC MEETING DATE: 04/19/2004
TICKER: --     SECURITY ID: G4984A110
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RE-APPOINT SIR PETER BURT AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
2	RE-APPOINT MR. DAVID CHANCE AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
3	RE-APPOINT MR. JAMES CROSBY AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
4	RE-APPOINT MR. JOHN MCGRATH AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
5	RE-APPOINT SIR BRIAN PITMAN AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
6	RE-APPOINT SIR GEORGE RUSSELL AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
7	RE-APPOINT MR. ETIENNE DE VILLIERS AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
8	RE-APPOINT MR. CHARLES ALLEN AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
9	RE-APPOINT MR. HENRY STAUNTON AS A NON-EXECUTIVE DIRECTOR	Management	Unknown	For
10	AUTHORIZE THE DIRECTORS, IN SUBSTITUTION FOR ANY EXISTING AUTHORITY AND FOR THE PURPOSE OF SECTION 80 OF THE COMPANIES ACT 1985, TO ALLOT RELEVANT SECURITIES UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 140 MILLION CONSISTING OF 1.36 BILLION ORDINARY SHARES AND 41 MILLION CONVERTIBLE SHARES; AUTHORITY EXPIRES THE EARLIER OF THE CONCLUSION OF THE AGM OF THE COMPANY IN 2009 OR 18 APR 2009 ; AND THE DIRECTORS MAY ALLOT RELEVANT SECURITIES AFTER THE EXPIRY OF THIS AUTHORITY IN PURSUANCE OF SUCH AN OFFE...	Management	Unknown	For
11	AUTHORIZE THE DIRECTORS, PURSUANT TO SECTION 95(1) OF THE COMPANIES ACT 1985, TO ALLOT EQUITY SECURITIES SECTION 94 WHOLLY FOR CASH HELD BY THE COMPANY AS TREASURY SHARES PURSUANT TO THE AUTHORITY CONFERRED BY RESOLUTION 10, DISAPPLYING THE STATUTORY PRE-EMPTION RIGHTS SECTION 89(1) , PROVIDED THAT THIS POWER IS LIMITED TO THE ALLOTMENT OF EQUITY SECURITIES: A) IN CONNECTION WITH A RIGHTS ISSUE IN FAVOR OF ORDINARY SHAREHOLDERS; B) UP TO AN AGGREGATE NOMINAL AMOUNT OF GBP 21 MILLION CONSISTIN...	Management	Unknown	For
12	AUTHORIZE THE COMPANY AND ANY COMPANY THAT IS OR BECOMES THE SUBSIDIARY OF THE COMPANY, FOR THE PURPOSES OF PART XA OF THE COMPANIES ACT 1985 AS AMENDED , TO MAKE DONATIONS TO EU POLITICAL ORGANIZATION AND TO INCUR EU POLITICAL EXPENDITURE UP TO A MAXIMUM AGGREGATE AMOUNT OF GBP 160,000; AUTHORITY EXPIRES AT THE CONCLUSION OF THE NEXT AGM	Management	Unknown	For
13	AUTHORIZE THE COMPANY, FOR THE PURPOSE OF SECTION 166 OF THE COMPANIES ACT 1985 AND ARTICLE 49 OF THE ARTICLES OF ASSOCIATION AND CHAPTER VII OF PART V OF THE COMPANIES ACT, TO MAKE MARKET PURCHASES SECTION 163 OF UP TO 408 MILLION ORDINARY SHARES AND 112 MILLION CONVERTIBLE SHARES, AT A MINIMUM PRICE EQUAL TO 10 CENTS AND NOT MORE THAN 5% ABOVE THE AVERAGE MIDDLE MARKET QUOTATIONS FOR SUCH SHARES DERIVED FROM THE LONDON STOCK EXCHANGE DAILY OFFICIAL LIST, OVER THE PREVIOUS 5 BUSINESS DAYS; A...	Management	Unknown	For
14	APPROVE THE PERFORMANCE SHARE PLAN PSP AS PRESCRIBED AND AUTHORIZE THE DIRECTORS TO DO ALL SUCH ACTS AND THINGS AS MAY BE NECESSARY OR DESIRABLE TO CARRY THE PSP INTO EFFECT OR TO COMPLY WITH THE UK LISTING AUTHORITY AND/OR INSTITUTIONAL REQUIREMENTS	Management	Unknown	For

ISSUER NAME: JC DECAUX SA MEETING DATE: 05/12/2004
TICKER: --     SECURITY ID: F5333N100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE ACCOUNTS AND THE BALANCE SHEET FOR THE FY 2003 AND APPROVE THE PROFITS FOR THE FY EUR 215,836,943.00	Management	Unknown	Take No Action
2	RECEIVE THE CONSOLIDATED ACCOUNTS FOR THE FY 2003	Management	Unknown	Take No Action
3	APPROVE THE SPECIAL AUDITORS REPORT, IN ACCORDANCE WITH THE PROVISIONS OF ARTICLE L. 225-86 OF THE FRENCH TRADE LAW AND ACKNOWLEDGE THAT NO SUCH AGREEMENTS WERE CONCLUDED DURING THE FY	Management	Unknown	Take No Action
4	APPROVE THE APPROPRIATION OF PROFITS AS FOLLOWS: NET PROFITS FOR THE FY EUR 215,836,943.00 PLUS PRIOR RETAINED EARNINGS EUR 318,699,967.00 TOTAL EUR 534,536,910.00 IS ENTIRELY APPROPRIATED TO BALANCE CARRY FORWARD	Management	Unknown	Take No Action
5	APPROVE THE AMOUNT OF NON-DEDUCTIBLE EXPENSES FOR THE FY 2003 EUR 68,180.83 AND ACKNOWLEDGE THAT THEY DID NOT GENERATE ANY TAX	Management	Unknown	Take No Action
6	AUTHORIZE THE EXECUTIVE BOARD TO TRADE THE COMPANY SHARES ON THE STOCK EXCHANGE, PER THE FOLLOWING CONDITIONS: MAXIMUM PURCHASE PRICE: EUR 20.00; MINIMUM SELLING PRICE: EUR 10.00; MAXIMUM NUMBER OF TREASURY SHARES 10% OF THE SHARE CAPITAL; SUCH TRADING SHALL BE USED, BY PRIORITY ORDER: TO BALANCE THE SHARE PRICE, IMPLEMENT A STOCK OPTIONS PLAN, GRANT SHARES TO EMPLOYEES, OR ANSWER TO A PUBLIC OFFERING; AUTHORITY EXPIRES AT THE END OF 18 MONTHS	Management	Unknown	Take No Action
7	AUTHORIZE THE EXECUTIVE BOARD TO ISSUE BONDS AND OTHER DEBT SECURITIES FOR A MAXIMUM NOMINAL AMOUNT OF EUR 2,500,000,000.00; SUCH AMOUNT INCLUDES ALL DEBT SECURITIES ISSUED DIRECTLY OR RESULTING FROM EXERCISE OF WARRANTS, EXCEPT SECURITIES RELATED TO NEGOTIABLE DEBTS; AUTHORITY EXPIRES AT THE END OF 26 MONTHS	Management	Unknown	Take No Action
8	AUTHORIZE THE EXECUTIVE BOARD TO INCREASE THE SHARE CAPITAL BY ISSUING SHARES AND SECURITIES WITH PREFERENTIAL SUBSCRIPTION RIGHT, TO BE SUBSCRIBED IN CASH, BY DEBT COMPENSATION OR INCORPORATION OF RESERVES; SUCH SHARE CAPITAL INCREASE SHALL NOT INCLUDE PREFERRED SHARES AND SHALL NOT EXCEED EUR 2,350,000.00; THIS LIMIT IS VALID FOR RESOLUTIONS 8, 9 AND 10; THE DEBT SECURITIES ISSUED SHALL NOT EXCEED EUR 2,500,000,000.00; SUCH AMOUNT IS ALSO VALID FOR RESOLUTION 9 BUT IS SEPARATE FROM THE LIMIT S...	Management	Unknown	Take No Action
9	AUTHORIZE THE EXECUTIVE BOARD TO INCREASE THE SHARE CAPITAL BY ISSUING SHARES AND SECURITIES WITHOUT PREFERENTIAL SUBSCRIPTION RIGHT, TO BE SUBSCRIBED IN CASH, BY DEBT COMPENSATION OR INCORPORATION OF RESERVES; THE SECURITIES ISSUED MAY BE USED TO REMUNERATE OTHER SECURITIES BROUGHT TO THE COMPANY THROUGH A PUBLIC EXCHANGE OFFER; SUCH SHARE CAPITAL INCREASE SHALL NOT INCLUDE PREFERRED SHARES AND SHALL NOT EXCEED EUR 2,350,000.00; THIS LIMIT INCLUDES RESOLUTIONS 8 AND 10; THE SHARE CAPITAL INCREA...	Management	Unknown	Take No Action
10	AUTHORIZE THE EXECUTIVE BOARD TO INCREASE THE COMPANY SHARE CAPITAL BY INCORPORATING RESERVES, NOT EXCEEDING EUR 2,350,000.00; THIS LIMIT IS COMMON TO RESOLUTIONS 8, 9 AND 10; AUTHORITY EXPIRES AT THE END OF 26 MONTHS	Management	Unknown	Take No Action
11	AUTHORIZE THE EXECUTIVE BOARD TO INCREASE THE SHARE CAPITAL BY EUR 20,000.00 BY ISSUING SECURITIES GIVING ACCESS TO THE SHARE CAPITAL RESERVED TO THE EMPLOYEES WHO SUBSCRIBED TO AN ENTERPRISE SAVINGS PLAN; AUTHORITY EXPIRES AT THE END OF 26 MONTHS	Management	Unknown	Take No Action
12	GRANT ALL POWERS TO THE EXECUTIVE BOARD TO DECREASE THE SHARE CAPITAL BY CANCELING THE SHARES HELD BY THE COMPANY IN ACCORDANCE WITH THE LIMITS SPECIFIED IN ARTICLE L. 225-209 OF THE FRENCH TRADE CODE, NOT EXCEEDING 10% OF THE SHARE CAPITAL IN 24 MONTHS; AUTHORITY EXPIRES AT THE END OF 26 MONTHS	Management	Unknown	Take No Action
13	APPROVE TO UPDATE THE ARTICLES OF ASSOCIATION AND HARMONIZE THEM WITH THE FRENCH FINANCIAL SECURITY LAW OF 01 AUG 2003; THE FOLLOWING ARTICLES ARE AMENDED ARTICLE 9: SHAREHOLDING FORM: THE COMPANY MAY ASK AT ANY TIME THE IDENTITY OF OWNERS OF BEARER SHARES, THE NUMBER OF SHARES THEY OWN AND THEIR POSSIBLE RESTRICTIONS, THRESHOLD TRESPASSING: IS SET AT 2% OF THE SHARE CAPITAL AND EVERY EXTRA 1%; IT MUST BE SIGNIFIED TO THE COMPANY BY REGISTERED MAIL, WHETHER TRESPASSING IS UPWARDS OR DOWNWARDS; A...	Management	Unknown	Take No Action
14	GRANT AUTHORITY FOR FORMALITIES	Management	Unknown	Take No Action
15	A VERIFICATION PERIOD EXISTS IN FRANCE. PLEASE SEE HTTP://ICS.ADP.COM/MARKETGUIDE FOR COMPLETE INFORMATION. VERIFICATION PERIOD: REGISTERED SHARES: 1 TO 5 DAYS PRIOR TO THE MEETING DATE, DEPENDS ON COMPANY S BY-LAWS. BEARER SHARES: 6 DAYS PRIOR TO THE MEETING DATE. FRENCH RESIDENT SHAREOWNERS MUST COMPLETE, SIGN AND FORWARD THE PROXY CARD DIRECTLY TO THE SUB CUSTODIAN. PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE TO OBTAIN THE NECESSARY CARD, ACCOUNT DETAILS AND DIRECTIONS. ...	N/A	N/A	N/A

ISSUER NAME: LAMAR ADVERTISING COMPANY MEETING DATE: 05/27/2004
TICKER: LAMR     SECURITY ID: 512815101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ANNA REILLY CULLINAN AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN MAXWELL HAMILTON AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT M. JELENIC AS A DIRECTOR	Management	For	For
1.4	ELECT CHARLES W. LAMAR, III AS A DIRECTOR	Management	For	For
1.5	ELECT STEPHEN P. MUMBLOW AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS V. REIFENHEISER AS A DIRECTOR	Management	For	For
1.7	ELECT KEVIN P. REILLY, JR. AS A DIRECTOR	Management	For	For
2	PROPOSAL TO AMEND THE 1996 EQUITY INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES OF CLASS A COMMON STOCK AVAILABLE FOR ISSUANCE BY 2,000,000 SHARES, FROM 8,000,000 TO 10,000,000 SHARES.	Management	For	Against

ISSUER NAME: LIBERTY MEDIA CORPORATION MEETING DATE: 06/09/2004
TICKER: L     SECURITY ID: 530718105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT R. BENNETT AS A DIRECTOR	Management	For	For
1.2	ELECT PAUL A. GOULD AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN C. MALONE AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE LIBERTY MEDIA CORPORATION 2000 INCENTIVE PLAN (AS AMENDED AND RESTATED EFFECTIVE APRIL 19, 2004)	Management	For	Against
3	RATIFICATION OF KPMG LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: MACROVISION CORPORATION MEETING DATE: 05/25/2004
TICKER: MVSN     SECURITY ID: 555904101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN O. RYAN AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM A. KREPICK AS A DIRECTOR	Management	For	For
1.3	ELECT MATT CHRISTIANO AS A DIRECTOR	Management	For	For
1.4	ELECT DONNA S. BIRKS AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM N. STIRLEN AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS WERTHEIMER AS A DIRECTOR	Management	For	For
1.7	ELECT STEVEN G. BLANK AS A DIRECTOR	Management	For	For
2	TO RATIFY THE SELECTION OF KPMG LLP AS MACROVISION S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: MEREDITH CORPORATION MEETING DATE: 11/10/2003
TICKER: MDP     SECURITY ID: 589433101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HERBERT M. BAUM AS A DIRECTOR	Management	For	For
1.2	ELECT FREDERICK B. HENRY AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM T. KERR AS A DIRECTOR	Management	For	For
1.4	ELECT NICHOLAS L. REDING AS A DIRECTOR	Management	For	For
2	TO ADOPT AMENDMENTS TO THE RESTATED ARTICLES OF INCORPORATION RELATING TO LIMITATION OF LIABILITY OF DIRECTORS FOR MONETARY DAMAGES AND INDEMNIFICATION OF DIRECTORS AS PERMITTED UNDER THE RECENTLY AMENDED IOWA BUSINESS CORPORATION ACT.	Management	For	For

ISSUER NAME: MONSTER WORLDWIDE, INC. MEETING DATE: 06/16/2004
TICKER: MNST     SECURITY ID: 611742107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ANDREW J. MCKELVEY AS A DIRECTOR	Management	For	For
1.2	ELECT GEORGE R. EISELE AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN GAULDING AS A DIRECTOR	Management	For	For
1.4	ELECT RONALD J. KRAMER AS A DIRECTOR	Management	For	For
1.5	ELECT MICHAEL KAUFMAN AS A DIRECTOR	Management	For	For
1.6	ELECT JOHN SWANN AS A DIRECTOR	Management	For	For
1.7	ELECT DAVID A. STEIN AS A DIRECTOR	Management	For	For
2	RE-APPROVAL OF THE MATERIAL TERMS OF THE PERFORMANCE GOALS UNDER THE MONSTER WORLDWIDE, INC. 1999 LONG TERM INCENTIVE PLAN	Management	For	For

ISSUER NAME: NETFLIX, INC. MEETING DATE: 04/28/2004
TICKER: NFLX     SECURITY ID: 64110L106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT TIMOTHY HALEY AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL RAMSAY AS A DIRECTOR	Management	For	For
1.3	ELECT MICHAEL SCHUH AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	TO AMEND THE COMPANY S CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF SHARES OF CAPITAL STOCK THE COMPANY IS AUTHORIZED TO ISSUE FROM 90,000,000 (80,000,000 SHARES OF COMMON STOCK AND 10,000,000 SHARES OF PREFERRED STOCK), PAR VALUE $0.001 TO 170,000,000 (160,000,000 SHARES OF COMMON STOCK AND 10,000,000 SHARES OF PREFERRED STOCK), PAR VALUE $0.001.	Management	For	For

ISSUER NAME: NTL INCORPORATED MEETING DATE: 05/06/2004
TICKER: NTLI     SECURITY ID: 62940M104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JEFFREY D. BENJAMIN AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID ELSTEIN AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	APPROVAL OF THE AMENDMENT AND RESTATEMENT OF THE NTL 2003 STOCK OPTION PLAN.	Management	For	Against
4	ADOPTION OF SHARE ISSUANCE FEATURE OF THE NTL GROUP 2004 BONUS SCHEME.	Management	For	For
5	ADOPTION OF NTL INCORPORATED SHARESAVE PLAN.	Management	For	For

ISSUER NAME: OMNICOM GROUP INC. MEETING DATE: 05/25/2004
TICKER: OMC     SECURITY ID: 681919106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN D. WREN AS A DIRECTOR	Management	For	For
1.2	ELECT BRUCE CRAWFORD AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT CHARLES CLARK AS A DIRECTOR	Management	For	For
1.4	ELECT LEONARD S. COLEMAN, JR. AS A DIRECTOR	Management	For	For
1.5	ELECT ERROL M. COOK AS A DIRECTOR	Management	For	For
1.6	ELECT SUSAN S. DENISON AS A DIRECTOR	Management	For	For
1.7	ELECT MICHAEL A. HENNING AS A DIRECTOR	Management	For	For
1.8	ELECT JOHN R. MURPHY AS A DIRECTOR	Management	For	For
1.9	ELECT JOHN R. PURCELL AS A DIRECTOR	Management	For	For
1.10	ELECT LINDA JOHNSON RICE AS A DIRECTOR	Management	For	For
1.11	ELECT GARY L. ROUBOS AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF KPMG AS OUR INDEPENDENT AUDITORS FOR FISCAL YEAR 2004	Management	For	For
3	TO APPROVE OUR DIRECTOR EQUITY PLAN.	Management	For	For

ISSUER NAME: OPENTV CORP. MEETING DATE: 06/23/2004
TICKER: OPTV     SECURITY ID: G67543101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT R. BENNETT AS A DIRECTOR	Management	For	For
1.2	ELECT J. TIMOTHY BRYAN AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES A. CHIDDIX AS A DIRECTOR	Management	For	For
1.4	ELECT JERRY MACHOVINA AS A DIRECTOR	Management	For	For
1.5	ELECT J. DAVID WARGO AS A DIRECTOR	Management	For	For
1.6	ELECT ANTHONY G. WERNER AS A DIRECTOR	Management	For	For
1.7	ELECT MICHAEL ZEISSER AS A DIRECTOR	Management	For	For
2	RATIFY OUR BOARD OF DIRECTORS SELECTION OF KPMG LLP AS OUR INDEPENDENT ACCOUNTANTS FOR OUR 2004 FISCAL YEAR.	Management	For	For

ISSUER NAME: OVERTURE SERVICES, INC. MEETING DATE: 10/07/2003
TICKER: OVER     SECURITY ID: 69039R100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PROPOSAL TO APPROVE AND ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JULY 14, 2003, AMONG OVERTURE SERVICES, INC., YAHOO] INC. AND JULY 2003 MERGER CORP., AND APPROVE THE MERGER CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER.	Management	For	For

ISSUER NAME: PLAYBOY ENTERPRISES, INC. MEETING DATE: 05/13/2004
TICKER: PLA     SECURITY ID: 728117300
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO CONSIDER AND VOTE ON A PROPOSAL TO AMEND THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF PLAYBOY ENTERPRISES, INC., AS AMENDED, TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF OUR CLASS B COMMON STOCK FROM 30,000,000 TO 75,000,000.	Management	For	For

ISSUER NAME: POINT.360 MEETING DATE: 05/10/2004
TICKER: PTSX     SECURITY ID: 730698107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HAIG S. BAGERDJIAN AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT A. BAKER AS A DIRECTOR	Management	For	For
1.3	ELECT GREGGORY J. HUTCHINS AS A DIRECTOR	Management	For	For
1.4	ELECT SAM P. BELL AS A DIRECTOR	Management	For	For
1.5	ELECT G. SAMUEL OKI AS A DIRECTOR	Management	For	For
2	TO RATIFY AND APPROVE SINGER LEWAK GREENBAUM & GOLDSTEIN LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: R.H. DONNELLEY CORPORATION MEETING DATE: 05/05/2004
TICKER: RHD     SECURITY ID: 74955W307
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KENNETH G. CAMPBELL AS A DIRECTOR	Management	For	For
1.2	ELECT CAROL J. PARRY AS A DIRECTOR	Management	For	For
1.3	ELECT BARRY LAWSON WILLIAMS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT ACCOUNTANTS FOR 2004.	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING REDEMPTION OF RIGHTS UNDER THE COMPANY S RIGHTS PLAN.	Shareholder	Against	For

ISSUER NAME: R.R. DONNELLEY & SONS COMPANY MEETING DATE: 04/14/2004
TICKER: RRD     SECURITY ID: 257867101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARK A. ANGELSON AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT F. CUMMINGS, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT ALFRED C. ECKERT III AS A DIRECTOR	Management	For	For
1.4	ELECT OLIVER R. SOCKWELL AS A DIRECTOR	Management	For	For
1.5	ELECT STEPHEN M. WOLF AS A DIRECTOR	Management	For	For
2	STOCKHOLDER PROPOSAL REGARDING THE SALE OF THE COMPANY.	Shareholder	Against	Against
3	STOCKHOLDER PROPOSAL REGARDING THE ESTABLISHMENT OF A POLICY OF EXPENSING COSTS OF OPTIONS.	Shareholder	Against	Against

ISSUER NAME: ROXIO, INC. MEETING DATE: 09/18/2003
TICKER: ROXI     SECURITY ID: 780008108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSEPH C. KACZOROWSKI AS A DIRECTOR	Management	For	None
1.2	ELECT BRIAN C. MULLIGAN AS A DIRECTOR	Management	For	None
2	APPROVAL OF ADOPTION OF 2003 STOCK PLAN.	Management	For	None
3	APPROVAL OF AMENDMENT TO THE 2001 EMPLOYEE STOCK PURCHASE PLAN TO AUTHORIZE ADDITIONAL 250,000 SHARES UNDER SUCH PLAN.	Management	For	None
4	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS ROXIO S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING MARCH 31, 2004.	Management	For	None

ISSUER NAME: SBS BROADCASTING S.A. MEETING DATE: 12/05/2003
TICKER: SBTV     SECURITY ID: L8137F102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HARRY EVANS SLOAN AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL FINKELSTEIN AS A DIRECTOR	Management	For	For
1.3	ELECT ANTHONY GHEE AS A DIRECTOR	Management	For	For
1.4	ELECT DR. HERBERT G. KLOIBER AS A DIRECTOR	Management	For	For
1.5	ELECT BENJAMIN H. LORENZ AS A DIRECTOR	Management	For	For
1.6	ELECT EDWARD MCKINLEY AS A DIRECTOR	Management	For	For
1.7	ELECT JAMES MCNAMARA AS A DIRECTOR	Management	For	For
1.8	ELECT SHANE O'NEILL AS A DIRECTOR	Management	For	For
1.9	ELECT MARK SCHNEIDER AS A DIRECTOR	Management	For	For
1.10	ELECT MARKUS TELLENBACH AS A DIRECTOR	Management	For	For
2	PROPOSAL 3.	Management	For	For
3	PROPOSAL 4.	Management	For	For
4	PROPOSAL 5.	Management	For	For
5	PROPOSAL 6.	Management	For	For
6	PROPOSAL 7.	Management	For	For
7	PROPOSAL 8.	Management	For	Against
8	PROPOSAL 1A.	Management	For	For

ISSUER NAME: SCIENTIFIC-ATLANTA, INC. MEETING DATE: 11/07/2003
TICKER: SFA     SECURITY ID: 808655104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MARION H. ANTONINI AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID J. MCLAUGHLIN AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES V. NAPIER AS A DIRECTOR	Management	For	For
1.4	ELECT SAM NUNN AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE 2003 LONG-TERM INCENTIVE PLAN.	Management	For	Against

ISSUER NAME: SINA CORPORATION MEETING DATE: 09/26/2003
TICKER: SINA     SECURITY ID: G81477104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT YONGJI DUAN AS A DIRECTOR	Management	For	For
1.2	ELECT YAN WANG AS A DIRECTOR	Management	For	For
2	ORDINARY RESOLUTION TO INCREASE THE NUMBER OF AUTHORIZED ORDINARY SHARES FROM 75,000,000 TO 150,000,000.	Management	For	For
3	PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS AS THE INDEPENDENT AUDITORS OF THE COMPANY.	Management	For	For

ISSUER NAME: SINCLAIR BROADCAST GROUP, INC. MEETING DATE: 08/07/2003
TICKER: SBGI     SECURITY ID: 829226109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID D. SMITH AS A DIRECTOR	Management	For	For
1.2	ELECT FREDERICK G. SMITH AS A DIRECTOR	Management	For	For
1.3	ELECT J. DUNCAN SMITH AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT E. SMITH AS A DIRECTOR	Management	For	For
1.5	ELECT BASIL A. THOMAS AS A DIRECTOR	Management	For	For
1.6	ELECT LAWRENCE E. MCCANNA AS A DIRECTOR	Management	For	For
1.7	ELECT DANIEL C. KEITH AS A DIRECTOR	Management	For	For
1.8	ELECT MARTIN R. LEADER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS	Management	For	For

ISSUER NAME: SIRIUS SATELLITE RADIO INC. MEETING DATE: 05/25/2004
TICKER: SIRI     SECURITY ID: 82966U103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LEON D. BLACK AS A DIRECTOR	Management	For	Withhold
1.2	ELECT JOSEPH P. CLAYTON AS A DIRECTOR	Management	For	Withhold
1.3	ELECT LAWRENCE F. GILBERTI AS A DIRECTOR	Management	For	Withhold
1.4	ELECT JAMES P. HOLDEN AS A DIRECTOR	Management	For	Withhold
1.5	ELECT WARREN N. LIEBERFARB AS A DIRECTOR	Management	For	Withhold
1.6	ELECT MICHAEL J. MCGUINESS AS A DIRECTOR	Management	For	Withhold
1.7	ELECT JAMES F. MOONEY AS A DIRECTOR	Management	For	Withhold
2	TO AMEND THE SIRIUS SATELLITE RADIO 2003 LONG-TERM STOCK INCENTIVE PLAN	Management	For	Against
3	TO APPROVE THE SIRIUS SATELLITE RADIO 2004 EMPLOYEE STOCK PURCHASE PLAN	Management	For	For

ISSUER NAME: SOGECABLE SA MEETING DATE: 03/15/2004
TICKER: --     SECURITY ID: E8900A114
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE AND APPROVE THE ANNUAL STATEMENTS, THE BALANCE SHEET, THE LOSS AND PROFIT ACCOUNT AND THE ANNUAL MANAGEMENT REPORT OF THE COMPANY MPANYAND ITS CONSOLIDATED GROUP REFERRING TO FY 2003 AND TO ALLOCATE EARNINGS	Management	Unknown	For
2	APPROVE THE MANAGEMENT OF THE BOARD OF DIRECTORS	Management	Unknown	For
3	APPROVE TO CEASE AND RENEW THE APPOINTMENT OF DIRECTORS	Management	Unknown	For
4	APPROVE TO ADOPT THE APPROPRIATE AGREEMENTS IN RELATION TO THE AUDITOR OF THE COMPANY AND ITS CONSOLIDATED GROUP, IN ACCORDANCE TO ARTICLE 42 OF THE CODE OF COMMERCE AND ARTICLE 204 OF THE SPANISH COMPANY LAW	Management	Unknown	For
5	AMEND ARTICLES 17, 18 AND 33 BIS AND ADD A NEW ARTICLE 18 BIS IN THE CORPORATE BYE-LAWS	Management	Unknown	Abstain
6	APPROVE THE LIMIT OF THE TOTAL ANNUAL SALARIES OF THE COMPANY DIRECTORS, IN ACCORDANCE WITH THE PROVISIONS OF ARTICLE 28 OF THE CORPORATE BYE-LAWS	Management	Unknown	For
7	AUTHORIZE THE BOARD OF ADMINISTRATION TO ISSUE CONVERTIBLE BONDS, WARRANTS AND OTHER FINANCIAL INSTRUMENTS WHICH COULD GIVE ENTITLEMENT, DIRECTLY OR INDIRECTLY, TO THE SUBSCRIPTION OR ACQUISITION OF THE COMPANY SHARES AND DETERMINE THE GUIDELINES OF THE AFORESAID SUBSCRIPTIONS AND CONVERT AND DELEGATE POWERS TO THE BOARD OF ADMINISTRATION TO INCREASE THE SHARE CAPITAL ACCORDINGLY AND EXCLUDE THE HOLDERS OF THE SHARES, BONDS, WARRANTS AND OTHER FINANCIAL INSTRUMENTS OF THE RIGHT OF PREFERENTIAL S...	Management	Unknown	For
8	AUTHORIZE THE BOARD OF ADMINISTRATION TO ISSUE CONVERTIBLE BONDS, WARRANTS AND OTHER FINANCIAL INSTRUMENTS WHICH COULD GIVE ENTITLEMENT, DIRECTLY OR INDIRECTLY, TO THE SUBSCRIPTION OR ACQUISITION OF THE COMPANY SHARES AND DETERMINE THE GUIDELINES OF THE AFORESAID SUBSCRIPTIONS AND CONVERT AND DELEGATE POWERS TO THE BOARD OF ADMINISTRATION TO INCREASE THE SHARE CAPITAL ACCORDINGLY	Management	Unknown	For
9	GRANT AUTHORITY, IN SUBSTITUTION OF THE AUTHORITY GRANTED BY THE GENERAL MEETING ON 13 MAY 2003, TO ACQUIRE ITS TREASURY STOCK, DIRECTLY OR INDIRECTLY, IN ACCORDANCE WITH THE LIMITS AND LEGAL REQUIREMENTS	Management	Unknown	For
10	APPROVE THE REGULATIONS OF THE GENERAL MEETING	Management	Unknown	For
11	AUTHORIZE TO THE BOARD OF DIRECTORS TO DEVELOP AND EXECUTE THE AFORESAID AGREEMENTS, INCLUDING THE POWER TO INTERPRET, CORRECT, AND COMPLETE THE RESOLUTIONS ADOPTED AND TO RAISE THEIR STATUS TO PUBLIC DEED	Management	Unknown	For

ISSUER NAME: SPANISH BROADCASTING SYSTEM, INC. MEETING DATE: 07/10/2003
TICKER: SBSA     SECURITY ID: 846425882
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT RAUL ALARCON, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT PABLO RAUL ALARCON, SR. AS A DIRECTOR	Management	For	For
1.3	ELECT JASON L. SHRINSKY AS A DIRECTOR	Management	For	For
1.4	ELECT CARL PARMER AS A DIRECTOR	Management	For	For
1.5	ELECT JACK LANGER AS A DIRECTOR	Management	For	For
1.6	ELECT DAN MASON AS A DIRECTOR	Management	For	For

ISSUER NAME: SPECTRASITE, INC. MEETING DATE: 05/25/2004
TICKER: SSI     SECURITY ID: 84761M104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT STEPHEN H. CLARK AS A DIRECTOR	Management	For	For
1.2	ELECT PAUL M. ALBERT, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT KATZ AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD MASSON AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: THE DIRECTV GROUP, INC. MEETING DATE: 06/02/2004
TICKER: DTV     SECURITY ID: 25459L106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT K. RUPERT MURDOCH AS A DIRECTOR	Management	For	For
1.2	ELECT NEIL R. AUSTRIAN AS A DIRECTOR	Management	For	For
1.3	ELECT CHARLES R. LEE AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE 2004 STOCK PLAN	Management	For	Against
3	APPROVAL OF THE EXECUTIVE OFFICER CASH BONUS PLAN	Management	For	For
4	RATIFICATION OF THE APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For

ISSUER NAME: THE E.W. SCRIPPS COMPANY MEETING DATE: 04/15/2004
TICKER: SSP     SECURITY ID: 811054204
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID A. GALLOWAY AS A DIRECTOR	Management	For	For
1.2	ELECT NICHOLAS B. PAUMGARTEN AS A DIRECTOR	Management	For	For
1.3	ELECT RONALD W. TYSOE AS A DIRECTOR	Management	For	For
1.4	ELECT JULIE A. WRIGLEY AS A DIRECTOR	Management	For	For

ISSUER NAME: THE MCGRAW-HILL COMPANIES, INC. MEETING DATE: 04/28/2004
TICKER: MHP     SECURITY ID: 580645109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PEDRO ASPE AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT P. MCGRAW AS A DIRECTOR	Management	For	For
1.3	ELECT H. OCHOA-BRILLEMBOURG AS A DIRECTOR	Management	For	For
1.4	ELECT EDWARD B. RUST, JR. AS A DIRECTOR	Management	For	For
2	APPROVAL OF AMENDED AND RESTATED 2002 STOCK INCENTIVE PLAN.	Management	For	For
3	RATIFICATION OF THE APPOINTMENT OF INDEPENDENT AUDITORS FOR 2004.	Management	For	For
4	SHAREHOLDER PROPOSAL REQUESTING SHAREHOLDER VOTE ON POISON PILLS .	Shareholder	Against	For

ISSUER NAME: THE NEWS CORPORATION LIMITED MEETING DATE: 10/15/2003
TICKER: NWS     SECURITY ID: 652487703
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE RE-ELECTION OF MR. LACHLAN MURDOCH, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.	Management	For	For
2	APPROVAL OF THE RE-ELECTION OF MR. THOMAS PERKINS, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.	Management	For	For
3	APPROVAL OF THE RE-ELECTION OF MR. STANLEY SHUMAN, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.	Management	For	For
4	APPROVAL OF THE RE-ELECTION OF MR. ARTHUR SISKIND, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.	Management	For	For
5	APPROVAL OF AN ORDINARY RESOLUTION TO GRANT OPTIONS TO CERTAIN EXECUTIVE DIRECTORS, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.	Management	For	For
6	APPROVAL OF AN ORDINARY RESOLUTION THAT THE COMPANY APPROVES PAYMENT OF AN AGGREGATE OF UP TO A$1.85 MILLION (APPROXIMATELY US$1.2 MILLION) PER ANNUM TO THE DIRECTORS, OTHER THAN ANY IN FULL-TIME EMPLOYMENT OF THE COMPANY OR ANY OF ITS SUBSIDIARIES, FOR THEIR SERVICES AS DIRECTORS, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.	Management	For	For

ISSUER NAME: THE WALT DISNEY COMPANY MEETING DATE: 03/03/2004
TICKER: DIS     SECURITY ID: 254687106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN E. BRYSON AS A DIRECTOR	Management	For	Withhold
1.2	ELECT JOHN S. CHEN AS A DIRECTOR	Management	For	Withhold
1.3	ELECT MICHAEL D. EISNER AS A DIRECTOR	Management	For	Withhold
1.4	ELECT JUDITH L. ESTRIN AS A DIRECTOR	Management	For	Withhold
1.5	ELECT ROBERT A. IGER AS A DIRECTOR	Management	For	Withhold
1.6	ELECT AYLWIN B. LEWIS AS A DIRECTOR	Management	For	Withhold
1.7	ELECT MONICA C. LOZANO AS A DIRECTOR	Management	For	Withhold
1.8	ELECT ROBERT W. MATSCHULLAT AS A DIRECTOR	Management	For	Withhold
1.9	ELECT GEORGE J. MITCHELL AS A DIRECTOR	Management	For	Withhold
1.10	ELECT LEO J. O'DONOVAN, S.J. AS A DIRECTOR	Management	For	Withhold
1.11	ELECT GARY L. WILSON AS A DIRECTOR	Management	For	Withhold
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR 2004.	Management	For	For
3	TO APPROVE THE HARRINGTON INVESTMENTS SHAREHOLDER PROPOSAL RELATING TO LABOR STANDARDS FOR CHINA.	Shareholder	Against	Against
4	TO APPROVE THE NEW YORK CITY RETIREMENT SYSTEMS AND PENSION FUNDS PROPOSAL RELATING TO LABOR STANDARDS IN CHINA.	Shareholder	Against	Against
5	TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO THEME PARK SAFETY REPORTING.	Shareholder	Against	Against

ISSUER NAME: THE WASHINGTON POST COMPANY MEETING DATE: 05/13/2004
TICKER: WPO     SECURITY ID: 939640108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN L. DOTSON, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT RONALD L. OLSON AS A DIRECTOR	Management	For	For
1.3	ELECT ALICE M. RIVLIN AS A DIRECTOR	Management	For	For
2	TO TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE SAID MEETING OR ANY ADJOURNMENT THEREOF.	Management	For	Abstain

ISSUER NAME: TIME WARNER INC. MEETING DATE: 05/21/2004
TICKER: TWX     SECURITY ID: 887317105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JAMES L. BARKSDALE AS A DIRECTOR	Management	For	For
1.2	ELECT STEPHEN F. BOLLENBACH AS A DIRECTOR	Management	For	For
1.3	ELECT STEPHEN M. CASE AS A DIRECTOR	Management	For	For
1.4	ELECT FRANK J. CAUFIELD AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT C. CLARK AS A DIRECTOR	Management	For	For
1.6	ELECT MILES R. GILBURNE AS A DIRECTOR	Management	For	For
1.7	ELECT CARLA A. HILLS AS A DIRECTOR	Management	For	For
1.8	ELECT REUBEN MARK AS A DIRECTOR	Management	For	For
1.9	ELECT MICHAEL A. MILES AS A DIRECTOR	Management	For	For
1.10	ELECT KENNETH J. NOVACK AS A DIRECTOR	Management	For	For
1.11	ELECT RICHARD D. PARSONS AS A DIRECTOR	Management	For	For
1.12	ELECT R.E. TURNER AS A DIRECTOR	Management	For	For
1.13	ELECT FRANCIS T. VINCENT, JR. AS A DIRECTOR	Management	For	For
2	RATIFICATION OF AUDITORS.	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING CHINA BUSINESS PRINCIPLES.	Shareholder	Against	Against
4	STOCKHOLDER PROPOSAL REGARDING REPORT ON PAY DISPARITY.	Shareholder	Against	Against

ISSUER NAME: TRIBUNE COMPANY MEETING DATE: 05/12/2004
TICKER: TRB     SECURITY ID: 896047107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JEFFREY CHANDLER AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM A. OSBORN AS A DIRECTOR	Management	For	For
1.3	ELECT KATHRYN C. TURNER AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS.	Management	For	For
3	APPROVAL OF AMENDMENTS TO THE TRIBUNE COMPANY 1997 INCENTIVE COMPENSATION PLAN.	Management	For	Against

ISSUER NAME: UNITED ONLINE, INC. MEETING DATE: 05/06/2004
TICKER: UNTD     SECURITY ID: 911268100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ROBERT BERGLASS AS A DIRECTOR	Management	For	For
1.2	ELECT KENNETH L. COLEMAN AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS OF UNITED ONLINE, INC. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For
3	IN ACCORDANCE WITH THE DISCRETION OF THE PROXY HOLDERS, TO ACT UPON ALL MATTERS INCIDENT TO THE CONDUCT OF THE MEETING AND UPON OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING.	Management	For	Abstain

ISSUER NAME: UNIVISION COMMUNICATIONS INC. MEETING DATE: 05/12/2004
TICKER: UVN     SECURITY ID: 914906102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT A. JERROLD PERENCHIO AS A DIRECTOR	Management	For	For
1.2	ELECT FERNANDO AGUIRRE AS A DIRECTOR	Management	For	For
1.3	ELECT HAROLD GABA AS A DIRECTOR	Management	For	For
1.4	ELECT ALAN F. HORN AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN G. PERENCHIO AS A DIRECTOR	Management	For	For
1.6	ELECT RAY RODRIGUEZ AS A DIRECTOR	Management	For	For
1.7	ELECT MCHENRY T. TICHENOR, JR AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR FISCAL 2004.	Management	For	For
3	PROPOSAL TO ADOPT THE 2004 PERFORMANCE AWARD PLAN.	Management	For	Against

ISSUER NAME: WPP GROUP PLC MEETING DATE: 04/16/2004
TICKER: WPPGY     SECURITY ID: 929309300
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ORDINARY RESOLUTION TO APPROVE THE ADOPTION OF THE DRAFT RULES OF THE WPP GROUP PLC 2004 LEADERSHIP EQUITY ACQUISITION PLAN.	Management	For	For

ISSUER NAME: WPP GROUP PLC MEETING DATE: 06/28/2004
TICKER: WPPGY     SECURITY ID: 929309300
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE AND APPROVE THE AUDITED ACCOUNTS. VOTE FOR OR AGAINST ONLY	Management	For	For
2	TO DECLARE A FINAL DIVIDEND. VOTE FOR OR AGAINST ONLY	Management	For	For
3.1	ELECT ORIT GADIESH AS A DIRECTOR	Management	For	For
3.2	ELECT KOICHIRO NAGANUMA AS A DIRECTOR	Management	For	For
3.3	ELECT PAUL SPENCER AS A DIRECTOR	Management	For	For
3.4	ELECT PHILIP LADER AS A DIRECTOR	Management	For	For
3.5	ELECT JEREMY BULLMORE AS A DIRECTOR	Management	For	For
3.6	ELECT JOHN JACKSON AS A DIRECTOR	Management	For	For
3.7	ELECT STANLEY MORTEN AS A DIRECTOR	Management	For	For
3.8	ELECT JOHN QUELCH AS A DIRECTOR	Management	For	For
4	TO RE-APPOINT THE AUDITORS AND TO AUTHORIZE THE DIRECTORS TO DETERMINE THEIR REMUNERATION. VOTE FOR OR AGAINST ONLY	Management	For	For
5	TO AUTHORIZE THE DIRECTORS TO ALLOT RELEVANT SECURITIES. VOTE FOR OR AGAINST ONLY	Management	For	For
6	TO AUTHORIZE THE DIRECTORS TO ALLOT EQUITY SECURITIES. VOTE FOR OR AGAINST ONLY	Management	For	For
7	TO AUTHORIZE THE COMPANY TO PURCHASE ITS OWN SHARES. VOTE FOR OR AGAINST ONLY	Management	For	For
8	TO APPROVE THE REMUNERATION REPORT OF THE DIRECTORS. VOTE FOR OR AGAINST ONLY	Management	For	For
9	TO APPROVE AMENDMENTS TO AND THE PARTIAL DEFERRAL OF THE AWARDS UNDER THE CAPITAL INVESTMENT PLAN. VOTE FOR OR AGAINST ONLY	Management	For	For
10	TO APPROVE THE AMENDMENT TO THE EXERCISE PERIOD UNDER THE NOTIONAL SHARE AWARD PLAN. VOTE FOR OR AGAINST ONLY	Management	For	For
11	TO INCREASE THE TOTAL AGGREGATE ANNUAL REMUNERATION FOR NON-EXECUTIVE DIRECTORS AS SPECIFIED IN ARTICLE 73(1) OF THE ARTICLES OF ASSOCIATION. VOTE FOR OR AGAINST ONLY	Management	For	For

ISSUER NAME: YAHOO JAPAN CORP, TOKYO MEETING DATE: 06/17/2004
TICKER: --     SECURITY ID: J95402103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE ALLOCATION OF INCOME, WITH NO DIVIDENDS	Management	Unknown	For
2	AMEND ARTICLES TO: EXPAND BUSINESS LINES - INCREASE AUTHORIZED CAPITAL FROM7.52 MILLION TO 15.08 MILLION SHARES - AUTHORIZE SHARE REPURCHASES AT BOARD S DISCRETION	Management	Unknown	For
3	ELECT DIRECTOR	Management	Unknown	For
4	ELECT DIRECTOR	Management	Unknown	For
5	ELECT DIRECTOR	Management	Unknown	For
6	ELECT DIRECTOR	Management	Unknown	For
7	ELECT DIRECTOR	Management	Unknown	For
8	APPOINT INTERNAL STATUTORY AUDITOR	Management	Unknown	For
9	APPOINT INTERNAL STATUTORY AUDITOR	Management	Unknown	For
10	APPROVE EXECUTIVE STOCK OPTION PLAN	Management	Unknown	For

ISSUER NAME: YAHOO! INC. MEETING DATE: 05/21/2004
TICKER: YHOO     SECURITY ID: 984332106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT TERRY S. SEMEL AS A DIRECTOR	Management	For	For
1.2	ELECT JERRY YANG AS A DIRECTOR	Management	For	For
1.3	ELECT ROY J. BOSTOCK AS A DIRECTOR	Management	For	For
1.4	ELECT RONALD W. BURKLE AS A DIRECTOR	Management	For	For
1.5	ELECT ERIC HIPPEAU AS A DIRECTOR	Management	For	For
1.6	ELECT ARTHUR H. KERN AS A DIRECTOR	Management	For	For
1.7	ELECT ROBERT A. KOTICK AS A DIRECTOR	Management	For	For
1.8	ELECT EDWARD R. KOZEL AS A DIRECTOR	Management	For	For
1.9	ELECT GARY L. WILSON AS A DIRECTOR	Management	For	For
2	AMENDMENT OF THE AMENDED AND RESTATED 1996 EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For
3	RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS.	Management	For	For
4	STOCKHOLDER PROPOSAL REGARDING EXPENSING OF OPTIONS.	Shareholder	Against	Against