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 Pharmaceuticals 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 10:52:49 AM

EXHIBIT A

VOTE SUMMARY REPORT
Select Pharmaceuticals 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: ADVANCED MEDICAL OPTICS, INC. MEETING DATE: 05/20/2004
TICKER: AVO     SECURITY ID: 00763M108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT W. GRANT AS A DIRECTOR	Management	For	For
1.2	ELECT C. CHAVEZ AS A DIRECTOR	Management	For	For
2	TO APPROVE AMENDMENT OF 2002 INCENTIVE COMPENSATION PLAN	Management	For	Against

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: ALLERGAN, INC. MEETING DATE: 04/28/2004
TICKER: AGN     SECURITY ID: 018490102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HANDEL E. EVANS AS A DIRECTOR	Management	For	For
1.2	ELECT MICHAEL R. GALLAGHER AS A DIRECTOR	Management	For	For
1.3	ELECT GAVIN S. HERBERT AS A DIRECTOR	Management	For	For
1.4	ELECT STEPHEN J. RYAN AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITOR.	Management	For	For
3	PROPOSAL RELATING TO THE ADOPTION OF A POLICY OF EXPENSING THE COST OF ALL FUTURE STOCK OPTIONS.	Shareholder	Against	Against
4	PROPOSAL TO BIFURCATE THE ROLES OF CHAIRMAN OF THE BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER.	Shareholder	Against	Against

ISSUER NAME: ALPHARMA INC. MEETING DATE: 05/25/2004
TICKER: ALO     SECURITY ID: 020813101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT WILLIAM I. JACOBS AS A DIRECTOR	Management	For	For
1.2	ELECT PETER G. TOMBROS AS A DIRECTOR	Management	For	For
1.3	ELECT FARAH M. WALTERS AS A DIRECTOR	Management	For	For

ISSUER NAME: ALTANA AG MEETING DATE: 05/05/2004
TICKER: AAA     SECURITY ID: 02143N103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROPRIATION OF EARNINGS FOR THE FISCAL YEAR 2003	Management	For	None
2	APPROVAL OF THE ACTIVITIES OF THE MANAGEMENT BOARD FOR THE FISCAL YEAR 2003	Management	For	None
3	APPROVAL OF THE ACTIVITIES OF THE SUPERVISORY BOARD FOR THE FISCAL YEAR 2003	Management	For	None
4	ELECTION OF THE SUPERVISORY BOARD	Management	For	None
5	APPOINTMENT OF THE AUDITORS FOR THE FISCAL YEAR 2004	Management	For	None
6	DECISION ON APPROVED CAPITAL - CHANGES OF ARTICLES OF ASSOCIATION	Management	For	None
7	DECISION ON THE AUTHORIZATION OF THE COMPANY TO ACQUIRE TREASURY SHARES	Management	For	None

ISSUER NAME: AMERISOURCEBERGEN CORPORATION MEETING DATE: 03/05/2004
TICKER: ABC     SECURITY ID: 03073E105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT EDWARD E. HAGENLOCKER AS A DIRECTOR	Management	For	For
1.2	ELECT KURT J. HILZINGER AS A DIRECTOR	Management	For	For

ISSUER NAME: ASTRAZENECA PLC MEETING DATE: 04/29/2004
TICKER: AZN     SECURITY ID: 046353108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE THE DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED DECEMBER 31, 2003	Management	For	For
2	TO CONFIRM DIVIDENDS	Management	For	For
3	TO RE-APPOINT KPMG AUDIT PLC, LONDON AS AUDITOR	Management	For	For
4	TO AUTHORIZE THE DIRECTORS TO AGREE THE REMUNERATION OF THE AUDITOR	Management	For	For
5.1	ELECT PERCY BARNEVIK AS A DIRECTOR	Management	For	For
5.2	ELECT HAKAN MOGREN AS A DIRECTOR	Management	For	For
5.3	ELECT SIR TOM MCKILLOP AS A DIRECTOR	Management	For	For
5.4	ELECT JONATHAN SYMONDS AS A DIRECTOR	Management	For	For
5.5	ELECT SIR PETER BONFIELD AS A DIRECTOR	Management	For	For
5.6	ELECT JOHN BUCHANAN AS A DIRECTOR	Management	For	For
5.7	ELECT JANE HENNEY AS A DIRECTOR	Management	For	For
5.8	ELECT MICHELE HOOPER AS A DIRECTOR	Management	For	For
5.9	ELECT JOE JIMENEZ AS A DIRECTOR	Management	For	For
5.10	ELECT ERNA MOLLER AS A DIRECTOR	Management	For	For
5.11	ELECT DAME BRIDGET OGILVIE AS A DIRECTOR	Management	For	For
5.12	ELECT LOUIS SCHWEITZER AS A DIRECTOR	Management	For	For
5.13	ELECT MARCUS WALLENBERG AS A DIRECTOR	Management	For	For
6	TO APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE YEAR ENDED DECEMBER 31, 2003	Management	For	For
7	TO ADOPT NEW ARTICLES OF ASSOCIATION	Management	For	For
8	TO AUTHORIZE LIMITED EU POLITICAL DONATIONS	Management	For	For
9	TO AUTHORIZE THE DIRECTORS TO ALLOT UNISSUED SHARES	Management	For	For
10	TO AUTHORIZE THE DIRECTORS TO DISAPPLY PRE-EMPTION RIGHTS	Management	For	For
11	TO AUTHORIZE THE COMPANY TO PURCHASE ITS OWN SHARES	Management	For	For
12	TO AUTHORIZE INCREASE OF CAP ON NON-EXECUTIVE DIRECTORS REMUNERATION	Management	For	For

ISSUER NAME: AVENTIS S.A. MEETING DATE: 06/11/2004
TICKER: AVE     SECURITY ID: 053561106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE 2003 PARENT-COMPANY FINANCIAL STATEMENTS	Management	For	None
2	APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS 2003	Management	For	None
3	APPROVAL OF THE APPROPRIATION OF EARNINGS AND APPROVAL OF A DIVIDEND OF EURO 0.82 FOR DISTRIBUTION	Management	For	None
4	APPROVAL OF REGULATED AGREEMENTS	Management	For	None
5	APPROVAL OF THE INSTITUTION OF A SHARE REPURCHASE PROGRAM	Management	For	None
6	APPROVAL OF THE APPOINTMENT OF MR. YVES NICOLAS 32 RUE GUERSANT - 75017 PARIS, AS SUBSTITUTE AUDITOR	Management	For	None
7	APPROVAL TO AMEND ARTICLE 7 OF THE ARTICLES OF ASSOCIATION AND BY-LAWS	Management	For	None
8	APPROVAL TO AMEND ARTICLE 11 OF THE ARTICLES OF ASSOCIATION AND BY-LAWS-MANAGEMENT BOARD	Management	For	None
9	APPROVAL TO AMEND ARTICLE 13 OF THE ARTICLES OF ASSOCIATION AND BY-LAWS-SUPERVISORY BOARD	Management	For	None
10	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. JEAN-MARC BRUEL	Management	For	None
11	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. MARTIN FRUEHAUF	Management	For	None
12	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. SERGE KAMPF	Management	For	None
13	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. HUBERT MARKL	Management	For	None
14	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. GUNTER METZ	Management	For	None
15	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. DIDIER PINEAU-VALENCIENNE	Management	For	None
16	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MS. SEHAM RAZZOUQI	Management	For	None
17	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. MICHEL RENAULT	Management	For	None
18	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. HANS-JUERGEN SCHINZLER	Management	For	None
19	APPROVAL OF THE RENEWAL OF THE MANDATE OF A SUPERVISORY BOARD MEMBER, MR. MARC VIENOT	Management	For	None
20	APPROVAL OF THE GRANTING OF POWER-OF-ATTORNEY FOR ALL FORMALITIES IN CONNECTION WITH THE ANNUAL GENERAL MEETING	Management	For	None

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: BAXTER INTERNATIONAL INC. MEETING DATE: 05/04/2004
TICKER: BAX     SECURITY ID: 071813109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOHN D. FORSYTH AS A DIRECTOR	Management	For	For
1.2	ELECT GAIL D. FOSLER AS A DIRECTOR	Management	For	For
1.3	ELECT CAROLE J. UHRICH AS A DIRECTOR	Management	For	For
2	RATIFICATION OF INDEPENDENT AUDITORS	Management	For	For
3	PROPOSAL RELATING TO CUMULATIVE VOTING IN THE ELECTION OF DIRECTORS	Shareholder	Against	Abstain

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: BIOVAIL CORPORATION MEETING DATE: 06/25/2004
TICKER: BVF     SECURITY ID: 09067J109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	THE ELECTION OF THE FOLLOWING PERSONS AS DIRECTORS OF THE COMPANY, TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF SHAREHOLDERS OR UNTIL THEIR SUCCESSORS ARE ELECTED: EUGENE N. MELNYK, ROLF K. REININGHAUS, WILFRED G. BRISTOW, ROGER ROWAN, LAURENCE E. PAUL, SHELDON PLENER AND MICHAEL VAN EVERY	Management	For	For
2	THE RE-APPOINTMENT OF ERNST & YOUNG LLP, CHARTERED ACCOUNTANTS AS THE AUDITORS OF THE COMPANY, AND THE AUTHORIZATION OF THE DIRECTORS TO FIX THEIR REMUNERATION.	Management	For	For
3	THE RESOLUTION APPROVING THE IMPLEMENTATION OF A NEW STOCK OPTION PLAN, THE FULL TEXT OF WHICH IS SET OUT AS SCHEDULE A TO THE MANAGEMENT INFORMATION CIRCULAR.	Management	For	Against

ISSUER NAME: BRISTOL-MYERS SQUIBB COMPANY MEETING DATE: 05/04/2004
TICKER: BMY     SECURITY ID: 110122108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT P.R. DOLAN AS A DIRECTOR	Management	For	For
1.2	ELECT L.V. GERSTNER, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT L. JOHANSSON AS A DIRECTOR	Management	For	For
2	APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	For
3	PUBLICATION OF POLITICAL CONTRIBUTIONS	Shareholder	Against	Against
4	PROHIBITION OF POLITICAL CONTRIBUTIONS	Shareholder	Against	Against
5	SEPARATION OF CHAIRMAN AND CEO POSITIONS	Shareholder	Against	Against
6	HIV/AIDS-TB-MALARIA	Shareholder	Against	Against
7	DIRECTOR VOTE THRESHOLD	Shareholder	Against	Against

ISSUER NAME: CARDINAL HEALTH, INC. MEETING DATE: 11/05/2003
TICKER: CAH     SECURITY ID: 14149Y108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVE BING AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN F. FINN AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN F. HAVENS AS A DIRECTOR	Management	For	For
1.4	ELECT DAVID W. RAISBECK AS A DIRECTOR	Management	For	For
1.5	ELECT ROBERT D. WALTER AS A DIRECTOR	Management	For	For

ISSUER NAME: CELL THERAPEUTICS, INC. MEETING DATE: 05/21/2004
TICKER: CTIC     SECURITY ID: 150934107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DR. P.M. NUDELMAN* AS A DIRECTOR	Management	For	For
1.2	ELECT MR. J.M. FLUKE, JR.* AS A DIRECTOR	Management	For	For
1.3	ELECT MR. S. SPINELLI* AS A DIRECTOR	Management	For	For
1.4	ELECT DR. E. PLATZER** AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE AMENDED AND RESTATED ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE FROM 100,000,000 TO 200,000,000.	Management	For	For
3	APPROVAL OF THE AMENDED AND RESTATED ARTICLES OF INCORPORATION TO REDUCE THE NUMBER OF SHARES REQUIRED TO CONSTITUTE A QUORUM FOR SHAREHOLDERS MEETINGS FROM A MAJORITY TO ONE-THIRD.	Management	For	Against
4	APPROVAL OF AN AMENDMENT TO THE CELL THERAPEUTICS, INC. 2003 EQUITY INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AVAILABLE FOR ISSUANCE UNDER THE PLAN BY 5,000,000 SHARES.	Management	For	Against
5	APPROVAL OF AN AMENDMENT TO THE 1996 EMPLOYEE STOCK PURCHASE PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AVAILABLE FOR ISSUANCE UNDER THE PLAN BY 100,000 SHARES.	Management	For	Against
6	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	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: CSL LTD MEETING DATE: 10/16/2003
TICKER: --     SECURITY ID: Q3018U109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE AND APPROVE THE FINANCIAL STATEMENTS AND THE REPORTS OF THE DIRECTORS AND THE AUDITORS FOR THE YE 30 JUN 2003 AND APPROVE THE FINAL DIVIDEND IN RESP ECT FOR THE YE 30 JUN 2003	Management	Unknown	None
2	RE-ELECT MR. PETER H. WADE AS A DIRECTOR OF THE COMPANY, WHO RETIRES BY ROTATI ON IN ACCORDANCE WITH RULE 99(A) OF THE CONSTITUTION	Management	Unknown	None
3	RE-ELECT MR. ARTHUR C. WEBSTER AS A DIRECTOR OF THE COMPANY, WHO RETIRES BY RO TATION IN ACCORDANCE WITH RULE 99(A) OF THE CONSTITUTION RE-ELECT MR. PETER H. WADE AS A DIRECTOR OF THE COMPANY, WHO RETIRES BY ROTATION IN ACCORDANCE WITH RULE 99(A) OF THE CONSTITUTION	Management	Unknown	None
4	APPROVE TO RENEW RULE 147 OF THE CONSTITUTION OF THE COMPANY, FOR A PERIOD OF THREE YEARS	Management	Unknown	None
5	APPROVE, FOR THE PURPOSES OF EXCEPTION 7 IN THE ASX LISTING RULE 7.2, EXCEPTIO N 3 IN THE ASX LISTING RULE 10.12 AND FOR ALL OTHER PURPOSES, THE TERMS OF THE COMPANY S DIVIDEND RE-INVESTMENT PLAN	Management	Unknown	None
6	APPROVE THE IMPLEMENTATION AND ADMINISTRATION OF THE PERFORMANCE RIGHTS PLAN I N ACCORDANCE WITH ITS RULES AND THE ISSUE OF PERFORMANCE RIGHTS AND SHARES UND ER THE PERFORMANCE RIGHTS PLAN AS AN EXCEPTION TO ASX LISTING RULE 7.1	Management	Unknown	None
7	APPROVE, FOR THE PURPOSES OF THE ASX LISTING RULE 10.14 AND IN ACCORDANCE WITH THE PERFORMANCE RIGHTS PLAN, TO ISSUE PERFORMANCE RIGHTS TO ANY OF THE EXECUT IVE DIRECTORS OF THE COMPANY; AUTHORITY EXPIRES AT THE END OF 3 YEARS AND TH E ISSUE OF SHARES TO THE EXECUTIVE DIRECTORS UPON THE EXERCISE OF ANY SUCH PER FORMANCE RIGHTS	Management	Unknown	None

ISSUER NAME: CV THERAPEUTICS, INC. MEETING DATE: 05/26/2004
TICKER: CVTX     SECURITY ID: 126667104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT THOMAS GUTSHALL AS A DIRECTOR	Management	For	For
1.2	ELECT KENNETH LEE, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT COSTA SEVASTOPOULOS AS A DIRECTOR	Management	For	For
2	TO APPROVE THE AMENDMENT AND RESTATEMENT OF THE COMPANY S 2000 EQUITY INCENTIVE PLAN.	Management	For	For
3	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR ITS FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: DOV PHARMACEUTICAL, INC. MEETING DATE: 05/24/2004
TICKER: DOVP     SECURITY ID: 259858108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DR. BERNARD BEER AS A DIRECTOR	Management	For	For
1.2	ELECT DR. ZOLA HOROVITZ AS A DIRECTOR	Management	For	For
1.3	ELECT MS. THERESA BISCHOFF AS A DIRECTOR	Management	For	For
2	TO APPROVE AN AMENDMENT TO THE COMPANY S 2000 STOCK OPTION AND GRANT PLAN TO INCREASE THE TOTAL NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE PLAN TO 2,942,090 FROM 2,192,090	Management	For	Against
3	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR ITS FISCAL YEAR ENDING DECEMBER 31, 2004	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: 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: FOREST LABORATORIES, INC. MEETING DATE: 08/11/2003
TICKER: FRX     SECURITY ID: 345838106
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT HOWARD SOLOMON AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM J. CANDEE, III AS A DIRECTOR	Management	For	For
1.3	ELECT GEORGE S. COHAN AS A DIRECTOR	Management	For	For
1.4	ELECT DAN L. GOLDWASSER AS A DIRECTOR	Management	For	For
1.5	ELECT LESTER B. SALANS AS A DIRECTOR	Management	For	For
1.6	ELECT KENNETH E. GOODMAN AS A DIRECTOR	Management	For	For
1.7	ELECT PHILLIP M. SATOW AS A DIRECTOR	Management	For	For
2	RATIFICATION OF AMENDMENT OF THE COMPANY S CERTIFICATE OF INCORPORATION TO AUTHORIZE ADDITIONAL SHARES OF THE COMPANY S COMMON STOCK.	Management	For	For
3	RATIFICATION OF BDO SEIDMAN, LLP AS INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: FUJISAWA PHARMACEUTICAL CO LTD MEETING DATE: 06/24/2004
TICKER: --     SECURITY ID: J15162118
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE THE APPROPRIATION OF RETAINED EARNINGS FOR THE 100TH FY	Management	Unknown	None
2	AMEND PARTIALLY THE ARTICLES OF INCORPORATION	Management	Unknown	None
3	APPROVE THE MERGER AGREEMENT BETWEEN THE COMPANY AND THE YAMANOUCHI PHARMACEUTICAL COMPANY LTD	Management	Unknown	None
4	ELECT A CORPORATE AUDITOR	Management	Unknown	None
5	ELECT A CORPORATE AUDITOR	Management	Unknown	None
6	ELECT A CORPORATE AUDITOR	Management	Unknown	None
7	APPROVE THE PAYMENT OF RETIREMENT GRANTS TO RETIRING MEMBERS OF THE BOARD AND THE CORPORATE AUDITORS	Management	Unknown	None
8	PLEASE NOTE THAT FURTHER INFORMATION CAN BE ACCESSED AT THE FOLLOWING HYPERLINK: HTTP://WWW.FUJISAWA.CO.JP/ENGLISH/IR/INDEX5.HTML	N/A	N/A	N/A

ISSUER NAME: GENELABS TECHNOLOGIES, INC. MEETING DATE: 06/10/2004
TICKER: GNLB     SECURITY ID: 368706107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT IRENE A. CHOW AS A DIRECTOR	Management	For	For
1.2	ELECT ARTHUR GRAY, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT H. H. HAIGHT AS A DIRECTOR	Management	For	For
1.4	ELECT ALAN Y. KWAN AS A DIRECTOR	Management	For	For
1.5	ELECT JAMES A. D. SMITH AS A DIRECTOR	Management	For	For
2	RATIFICATION OF SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS.	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: GLAXOSMITHKLINE PLC MEETING DATE: 05/17/2004
TICKER: GSK     SECURITY ID: 37733W105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE AND ADOPT THE DIRECTORS REPORT AND THE FINANCIAL STATEMENTS (ORDINARY RESOLUTION)	Management	For	For
2	TO APPROVE THE REMUNERATION REPORT (ORDINARY RESOLUTION)	Management	For	For
3	TO ELECT MR H LAWRENCE CULP AS A DIRECTOR (ORDINARY RESOLUTION)	Management	For	For
4	TO ELECT MR CRISPIN DAVIS AS A DIRECTOR (ORDINARY RESOLUTION)	Management	For	For
5	TO ELECT SIR ROBERT WILSON AS A DIRECTOR (ORDINARY RESOLUTION)	Management	For	For
6	TO ELECT DR TACHI YAMADA AS A DIRECTOR (ORDINARY RESOLUTION)	Management	For	For
7	TO RE-ELECT SIR CHRISTOPHER HOGG AS A DIRECTOR (ORDINARY RESOLUTION)	Management	For	For
8	RE-APPOINTMENT OF AUDITORS (ORDINARY RESOLUTION)	Management	For	For
9	REMUNERATION OF AUDITORS (ORDINARY RESOLUTION)	Management	For	For
10	AUTHORISE THE COMPANY TO MAKE DONATIONS TO EU POLITICAL ORGAN- ISATIONS AND INCUR EU POLITICAL EXPENDITURE (SPECIAL BUSINESS)	Management	For	For
11	DISAPPLICATION OF PRE-EMPTION RIGHTS (SPECIAL RESOLUTION)	Management	For	For
12	AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES (SPECIAL RESOLUTION)	Management	For	For

ISSUER NAME: H. LUNDBECK A/S MEETING DATE: 03/30/2004
TICKER: --     SECURITY ID: K4406L129
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE DIRECTORS' REPORT	Management	Unknown	None
2	DISCHARGE BOARD OF DIRECTORS AND SUPERVISORY BOARD	Management	For	None
3	APPROVE ALLOCATION OF INCOME AND DIVIDENDS	Management	For	None
4.	ELECT AS A DIRECTOR	Management	For	None
5	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS	Management	For	None
6	MISCELLANEOUS CORPORATE ACTIONS	Management	For	None

ISSUER NAME: HCA INC. MEETING DATE: 05/27/2004
TICKER: HCA     SECURITY ID: 404119109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT C. MICHAEL ARMSTRONG AS A DIRECTOR	Management	For	For
1.2	ELECT MAGDALENA H AVERHOFF MD AS A DIRECTOR	Management	For	For
1.3	ELECT JACK O. BOVENDER, JR. AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD M. BRACKEN AS A DIRECTOR	Management	For	For
1.5	ELECT MARTIN FELDSTEIN AS A DIRECTOR	Management	For	For
1.6	ELECT THOMAS F. FRIST, JR. MD AS A DIRECTOR	Management	For	For
1.7	ELECT FREDERICK W. GLUCK AS A DIRECTOR	Management	For	For
1.8	ELECT GLENDA A. HATCHETT AS A DIRECTOR	Management	For	For
1.9	ELECT CHARLES O. HOLLIDAY JR. AS A DIRECTOR	Management	For	For
1.10	ELECT T. MICHAEL LONG AS A DIRECTOR	Management	For	For
1.11	ELECT JOHN H. MCARTHUR AS A DIRECTOR	Management	For	For
1.12	ELECT KENT C. NELSON AS A DIRECTOR	Management	For	For
1.13	ELECT FRANK S. ROYAL, MD AS A DIRECTOR	Management	For	For
1.14	ELECT HAROLD T. SHAPIRO AS A DIRECTOR	Management	For	For
2	RATIFICATION OF ERNST & YOUNG LLP AS HCA S INDEPENDENT AUDITOR, AS DESCRIBED IN THE PROXY STATEMENT.	Management	For	For
3	APPROVAL OF THE HCA INC. AMENDED AND RESTATED MANAGEMENT STOCK PURCHASE PLAN.	Management	For	For

ISSUER NAME: ILLUMINA, INC. MEETING DATE: 05/20/2004
TICKER: ILMN     SECURITY ID: 452327109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT R. SCOTT GREER AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID R. WALT AS A DIRECTOR	Management	For	For
2	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS.	Management	For	For

ISSUER NAME: INTROGEN THERAPEUTICS, INC. MEETING DATE: 06/18/2004
TICKER: INGN     SECURITY ID: 46119F107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	AMEND THE COMPANY S CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK TO A NEW TOTAL OF 100,000,000 SHARES.	Management	For	Against
2.1	ELECT W.H. CUNNINGHAM, PH.D. AS A DIRECTOR	Management	For	For
2.2	ELECT S.M. GILLIS, PH.D. AS A DIRECTOR	Management	For	For
3	RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE CURRENT FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: JOHNSON & JOHNSON MEETING DATE: 04/22/2004
TICKER: JNJ     SECURITY ID: 478160104
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GERARD N. BURROW AS A DIRECTOR	Management	For	For
1.2	ELECT MARY S. COLEMAN AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES G. CULLEN AS A DIRECTOR	Management	For	For
1.4	ELECT ROBERT J. DARRETTA AS A DIRECTOR	Management	For	For
1.5	ELECT M. JUDAH FOLKMAN AS A DIRECTOR	Management	For	For
1.6	ELECT ANN D. JORDAN AS A DIRECTOR	Management	For	For
1.7	ELECT ARNOLD G. LANGBO AS A DIRECTOR	Management	For	For
1.8	ELECT SUSAN L. LINDQUIST AS A DIRECTOR	Management	For	For
1.9	ELECT LEO F. MULLIN AS A DIRECTOR	Management	For	For
1.10	ELECT STEVEN S REINEMUND AS A DIRECTOR	Management	For	For
1.11	ELECT DAVID SATCHER AS A DIRECTOR	Management	For	For
1.12	ELECT HENRY B. SCHACHT AS A DIRECTOR	Management	For	For
1.13	ELECT WILLIAM C. WELDON AS A DIRECTOR	Management	For	For
2	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS AS INDEPENDENT AUDITORS	Management	For	For
3	PROPOSAL ON CHARITABLE CONTRIBUTIONS	Shareholder	Against	Against

ISSUER NAME: KING PHARMACEUTICALS, INC. MEETING DATE: 11/04/2003
TICKER: KG     SECURITY ID: 495582108
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT E.W. DEAVENPORT, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT ELIZABETH M. GREETHAM AS A DIRECTOR	Management	For	For
1.3	ELECT JAMES R. LATTANZI AS A DIRECTOR	Management	For	For
1.4	ELECT PHILIP M. PFEFFER AS A DIRECTOR	Management	For	For
1.5	ELECT TED G. WOOD AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS AND AUDITORS FOR 2003.	Management	For	For

ISSUER NAME: KYORIN PHARMACEUTICAL CO LTD, TOKYO MEETING DATE: 06/25/2004
TICKER: --     SECURITY ID: J3779J101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING DIVIDENDS: INTERIM JY8, FINAL JY 10, SPECIAL JY 0	Management	Unknown	None
2	AMEND ARTICLES TO: REDUCE BOARD SIZE - REDUCE DIRECTORS TERM IN OFFICE -AUTHORIZE SHARE REPURCHASES AT BOARD S DISCRETION	Management	Unknown	None
3	ELECT DIRECTOR	Management	Unknown	None
4	APPOINT INTERNAL STATUTORY AUDITOR	Management	Unknown	None
5	APPROVE RETIREMENT BONUSES FOR DIRECTORS AND STATUTORY AUDITOR	Management	Unknown	None

ISSUER NAME: MCKESSON CORPORATION MEETING DATE: 07/30/2003
TICKER: MCK     SECURITY ID: 58155Q103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ALTON F. IRBY III AS A DIRECTOR	Management	For	For
1.2	ELECT JAMES V. NAPIER AS A DIRECTOR	Management	For	For
2	RATIFYING THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS	Management	For	For
3	STOCKHOLDER PROPOSAL REGARDING SEVERANCE PAYMENTS	Shareholder	Against	Against

ISSUER NAME: MEDCO HEALTH SOLUTIONS, INC. MEETING DATE: 04/21/2004
TICKER: MHS     SECURITY ID: 58405U102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT DAVID B. SNOW, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT HOWARD W. BARKER, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT BRIAN L. STROM, MD, MPH AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 25, 2004.	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: MERCK & CO., INC. MEETING DATE: 04/27/2004
TICKER: MRK     SECURITY ID: 589331107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT PETER C. WENDELL* AS A DIRECTOR	Management	For	For
1.2	ELECT WILLIAM G. BOWEN** AS A DIRECTOR	Management	For	For
1.3	ELECT WILLIAM M. DALEY** AS A DIRECTOR	Management	For	For
1.4	ELECT THOMAS E. SHENK** AS A DIRECTOR	Management	For	For
1.5	ELECT WENDELL P. WEEKS** AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF THE COMPANY S INDEPENDENT AUDITORS FOR 2004	Management	For	For
3	PROPOSAL TO AMEND THE RESTATED CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD OF DIRECTORS THE BOARD OF DIRECTORS RECOMMENDS A VOTE AGAINST ITEMS 4 THROUGH 8	Management	For	For
4	STOCKHOLDER PROPOSAL CONCERNING MANAGEMENT COMPENSATION	Shareholder	Against	Against
5	STOCKHOLDER PROPOSAL CONCERNING EXTENSION OF PRESCRIPTION DRUG PATENTS	Shareholder	Against	Against
6	STOCKHOLDER PROPOSAL CONCERNING ETHICAL AND SOCIAL PERFORMANCE OF THE COMPANY	Shareholder	Against	Against
7	STOCKHOLDER PROPOSAL CONCERNING USE OF SHAREHOLDER RESOURCES FOR POLITICAL PURPOSES	Shareholder	Against	Against
8	STOCKHOLDER PROPOSAL CONCERNING A REPORT RELATED TO THE GLOBAL HIV/AIDS PANDEMIC	Shareholder	Against	Against

ISSUER NAME: MERCK KGAA, DARMSTADT MEETING DATE: 03/26/2004
TICKER: --     SECURITY ID: D5357W103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	RECEIVE THE FINANCIAL STATEMENTS AND THE ANNUAL REPORT FOR THE FY 2003, ALONG WITH THE REPORT OF THE SUPERVISORY BOARD, THE GROUP FINANCIAL STATEMENTS AND THE GROUP ANNUAL REPORT	Management	Unknown	None
2	APPROVE THE FINANCIAL STATEMENTS FOR THE FY 2003	Management	Unknown	None
3	APPROVE THE APPROPRIATION OF THE DISTRIBUTABLE PROFIT OF EUR 40,201,879.19 AS FOLLOWS: PAYMENT OF A DIVIDEND OF EUR 0.80 PER NO-PAR SHARE EUR 601,879.99 SHALL BE CARRIED FORWARD; EX-DIVIDEND AND PAYABLE DATE: 29 MAR 2004	Management	Unknown	None
4	RATIFY THE ACTS OF THE COMPANY S MANAGEMENT	Management	Unknown	None
5	RATIFY THE ACTS OF THE SUPERVISORY BOARD	Management	Unknown	None
6	APPOINT KPMG, MANNHEIM AS THE AUDITORS FOR THE FY 2004	Management	Unknown	None
7	ELECT THE SUPERVISORY BOARD	Management	Unknown	None
8	AUTHORIZE THE MANAGEMENT WITH THE CONSENT OF THE SUPERVISORY BOARD, TO INCREASE THE SHARE CAPITAL BY UP TO EUR 64,349,997.40 THROUGH THE ISSUE OF NEW SHARES AGAINST PAYMENT IN CASH OR KIND, ON OR BEFORE 31 MAR 2009; SHAREHOLDERS SHALL BE GRANTED SUBSCRIPTION RIGHTS EXCEPT FOR A CAPITAL INCREASE AGAINST CASH PAYMENT OF UP TO 10% OF THE SHARE CAPITAL IF THE NEW SHARES ARE ISSUED AT A PRICE NOT MATERIALLY BELOW THE MARKET PRICE OF IDENTICAL SHARES; AND AMEND THE CORRESPONDING ARTICLES OF ASSOCIATIO...	Management	Unknown	None

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: 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: MYLAN LABORATORIES INC. MEETING DATE: 07/25/2003
TICKER: MYL     SECURITY ID: 628530107
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MILAN PUSKAR AS A DIRECTOR	Management	For	For
1.2	ELECT ROBERT J. COURY AS A DIRECTOR	Management	For	For
1.3	ELECT WENDY CAMERON AS A DIRECTOR	Management	For	For
1.4	ELECT LAURENCE S. DELYNN AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN C. GAISFORD, M.D. AS A DIRECTOR	Management	For	For
1.6	ELECT DOUGLAS J. LEECH AS A DIRECTOR	Management	For	For
1.7	ELECT JOSEPH C. MAROON, M.D. AS A DIRECTOR	Management	For	For
1.8	ELECT PATRICIA A. SUNSERI AS A DIRECTOR	Management	For	For
1.9	ELECT C.B. TODD AS A DIRECTOR	Management	For	For
1.10	ELECT R.L. VANDERVEEN, PH.D. AS A DIRECTOR	Management	For	For
1.11	ELECT STUART A. WILLIAMS, ESQ AS A DIRECTOR	Management	For	For
2	APPROVE AN INCREASE IN THE NUMBER OF AUTHORIZED SHARES OF THE COMPANY S COMMON STOCK TO 600,000,000 SHARES.	Management	For	For
3	ADOPT THE MYLAN LABORATORIES INC. 2003 LONG-TERM INCENTIVE PLAN.	Management	For	Against

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: NOVARTIS AG MEETING DATE: 02/24/2004
TICKER: NVS     SECURITY ID: 66987V109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVAL OF THE ANNUAL REPORT, THE FINANCIAL STATEMENTS OF NOVARTIS AG AND THE GROUP CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 2003.	Management	For	None
2	APPROVAL OF THE ACTIVITIES OF THE BOARD OF DIRECTORS.	Management	For	None
3	APPROPRIATION OF AVAILABLE EARNINGS OF NOVARTIS AG AS PER BALANCE SHEET AND DECLARATION OF DIVIDEND.	Management	For	None
4	CONVERSION OF GENERAL RESERVES INTO FREE RESERVES.	Management	For	None
5	REDUCTION OF SHARE CAPITAL.	Management	For	None
6	FURTHER SHARE REPURCHASE PROGRAM.	Management	For	None
7	AMENDMENT TO THE ARTICLES OF INCORPORATION.	Management	For	None
8	ELECTION TO THE BOARD OF DIRECTORS. RE-ELECTION OF PROF. DR. HELMUT SIHLER FOR A THREE-YEAR TERM.	Management	For	None
9	ELECTION TO THE BOARD OF DIRECTORS. RE-ELECTION OF MR. HANS-JORG RUDLOFF FOR A THREE-YEAR TERM.	Management	For	None
10	ELECTION TO THE BOARD OF DIRECTORS. RE-ELECTION OF DR. DANIEL VASELLA FOR A THREE-YEAR TERM.	Management	For	None
11	APPOINTMENT OF THE AUDITORS AND THE GROUP AUDITORS.	Management	For	None

ISSUER NAME: NOVO NORDISK A/S MEETING DATE: 03/16/2004
TICKER: NVO     SECURITY ID: 670100205
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	ADOPTION OF THE AUDITED ANNUAL REPORT, INCLUDING DISCHARGE OF THE MANAGEMENT AND THE BOARD OF DIRECTORS.	Management	For	For
2	APPLICATION OF PROFITS ACCORDING TO THE ADOPTED AUDITED ANNUAL REPORT.	Management	For	For
3	RE-ELECTION OF PRICEWATERHOUSECOOPERS.	Management	For	For
4	RE-ELECTION OF ERNST & YOUNG, STATE-AUTHORIZED PUBLIC ACCOUNTANTS.	Management	For	For
5	CHANGES TO THE ARTICLES OF ASSOCIATION.	Management	For	For
6.1	ELECT MR MADS OVLISEN AS A DIRECTOR	Management	For	For
6.2	ELECT MR KURT ANKER NIELSEN AS A DIRECTOR	Management	For	For
6.3	ELECT MR KURT BRINER AS A DIRECTOR	Management	For	For
6.4	ELECT MR NIELS JACOBSEN AS A DIRECTOR	Management	For	For
6.5	ELECT MR ULF JOHANSSON AS A DIRECTOR	Management	For	For
6.6	ELECT MR STEN SCHEIBYE AS A DIRECTOR	Management	For	For
6.7	ELECT MR JORGEN WEDEL AS A DIRECTOR	Management	For	For
7	AUTHORIZATION TO PURCHASE OWN SHARES OF UP TO 10% OF THE SHARE CAPITAL.	Management	For	For
8	AUTHORIZATION TO THE CHAIRMAN OF THE ANNUAL GENERAL MEETING.	Management	For	For

ISSUER NAME: OMNICELL, INC. MEETING DATE: 05/20/2004
TICKER: OMCL     SECURITY ID: 68213N109
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT KEVIN L. ROBERG AS A DIRECTOR	Management	For	For
1.2	ELECT JOHN D. STOBO, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT DONALD C. WEGMILLER AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: PERRIGO COMPANY MEETING DATE: 10/28/2003
TICKER: PRGO     SECURITY ID: 714290103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT GARY M. COHEN AS A DIRECTOR	Management	For	For
1.2	ELECT DAVID T. GIBBONS AS A DIRECTOR	Management	For	For
1.3	ELECT JUDITH A. HEMBERGER AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE COMPANY S 2003 LONG-TERM INCENTIVE PLAN.	Management	For	Against

ISSUER NAME: PFIZER INC. MEETING DATE: 04/22/2004
TICKER: PFE     SECURITY ID: 717081103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL S. BROWN AS A DIRECTOR	Management	For	For
1.2	ELECT M. ANTHONY BURNS AS A DIRECTOR	Management	For	For
1.3	ELECT ROBERT N. BURT AS A DIRECTOR	Management	For	For
1.4	ELECT W. DON CORNWELL AS A DIRECTOR	Management	For	For
1.5	ELECT WILLIAM H. GRAY III AS A DIRECTOR	Management	For	For
1.6	ELECT CONSTANCE J. HORNER AS A DIRECTOR	Management	For	For
1.7	ELECT WILLIAM R. HOWELL AS A DIRECTOR	Management	For	For
1.8	ELECT STANLEY O. IKENBERRY AS A DIRECTOR	Management	For	For
1.9	ELECT GEORGE A. LORCH AS A DIRECTOR	Management	For	For
1.10	ELECT HENRY A. MCKINNELL AS A DIRECTOR	Management	For	For
1.11	ELECT DANA G. MEAD AS A DIRECTOR	Management	For	For
1.12	ELECT FRANKLIN D. RAINES AS A DIRECTOR	Management	For	For
1.13	ELECT RUTH J. SIMMONS AS A DIRECTOR	Management	For	For
1.14	ELECT WILLIAM C. STEERE, JR. AS A DIRECTOR	Management	For	For
1.15	ELECT JEAN-PAUL VALLES AS A DIRECTOR	Management	For	For
2	A PROPOSAL TO APPROVE THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004.	Management	For	For
3	A PROPOSAL TO APPROVE THE PFIZER INC. 2004 STOCK PLAN.	Management	For	For
4	SHAREHOLDER PROPOSAL REQUESTING REVIEW OF THE ECONOMIC EFFECTS OF THE HIV/AIDS, TB AND MALARIA PANDEMICS ON THE COMPANY S BUSINESS STRATEGY.	Shareholder	Against	Against
5	SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS.	Shareholder	Against	Against
6	SHAREHOLDER PROPOSAL RELATING TO AN ANNUAL REPORT ON CORPORATE RESOURCES DEVOTED TO SUPPORTING POLITICAL ENTITIES OR CANDIDATES.	Shareholder	Against	Against
7	SHAREHOLDER PROPOSAL SEEKING TO IMPOSE TERM LIMITS ON DIRECTORS.	Shareholder	Against	Against
8	SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS.	Shareholder	Against	Against
9	SHAREHOLDER PROPOSAL ON STOCK OPTIONS.	Shareholder	Against	Against
10	SHAREHOLDER PROPOSAL ON IN VITRO TESTING.	Shareholder	Against	Against

ISSUER NAME: PRIORITY HEALTHCARE CORPORATION MEETING DATE: 05/17/2004
TICKER: PHCC     SECURITY ID: 74264T102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT MICHAEL D. MCCORMICK AS A DIRECTOR	Management	For	For
1.2	ELECT THOMAS J. SALENTINE AS A DIRECTOR	Management	For	For
1.3	ELECT G D STEELE JR MD PHD AS A DIRECTOR	Management	For	For
2	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITORS FOR THE COMPANY FOR 2004.	Management	For	For
3	TO APPROVE THE PROPOSED AMENDMENT TO THE COMPANY S OUTSIDE DIRECTORS STOCK OPTION PLAN.	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: QLT INC. MEETING DATE: 05/26/2004
TICKER: QLTI     SECURITY ID: 746927102
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPOINT DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR THE ENSUING YEAR AND TO AUTHORISE THE DIRECTORS TO FIX THE REMUNERATION TO BE PAID TO THE AUDITORS.	Management	For	For
2	TO FIX THE NUMBER OF DIRECTORS FOR THE ENSUING YEAR AT EIGHT (8).	Management	For	For
3.1	ELECT SCOTT, E. DUFF AS A DIRECTOR	Management	For	For
3.2	ELECT HASTINGS, PAUL J. AS A DIRECTOR	Management	For	For
3.3	ELECT LEVY, JULIA G. AS A DIRECTOR	Management	For	For
3.4	ELECT CLARKE, C. BOYD AS A DIRECTOR	Management	For	For
3.5	ELECT CROSSGROVE, PETER A. AS A DIRECTOR	Management	For	For
3.6	ELECT HENRIKSEN, RONALD D. AS A DIRECTOR	Management	For	For
3.7	ELECT MENDELSON, ALAN C. AS A DIRECTOR	Management	For	For
3.8	ELECT WOOD, L. JACK AS A DIRECTOR	Management	For	For

ISSUER NAME: ROCHE HOLDING AG, BASEL MEETING DATE: 04/06/2004
TICKER: --     SECURITY ID: H69293225
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	PLEASE NOTE THAT THIS IS AN ANNUAL GENERAL MEETING. THANK YOU	N/A	N/A	N/A
2	APPROVE THE ANNUAL REPORT, THE FINANCIAL STATEMENTS AND THE CONSOLIDATED FINANCIAL STATEMENTS FOR 2003	Management	Unknown	None
3	RATIFY THE BOARD OF DIRECTORS ACTIONS	Management	Unknown	None
4	APPROVE THE APPROPRIATION OF AVAILABLE EARNINGS	Management	Unknown	None
5	ELECT THE DIRECTORS	Management	Unknown	None
6	ELECT THE STATUTORY AND THE GROUP AUDITORS	Management	Unknown	None

ISSUER NAME: SANKYO CO LTD, GUNMA MEETING DATE: 06/29/2004
TICKER: --     SECURITY ID: J67844100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING DIVIDENDS: INTERIM JY20, FINAL JY 20, SPECIAL JY 0	Management	Unknown	None
2	AMEND ARTICLES TO: AUTHORIZE SHARE REPURCHASES AT BOARD S DISCRETION	Management	Unknown	None
3	ELECT DIRECTOR	Management	Unknown	None
4	ELECT DIRECTOR	Management	Unknown	None
5	ELECT DIRECTOR	Management	Unknown	None
6	ELECT DIRECTOR	Management	Unknown	None
7	ELECT DIRECTOR	Management	Unknown	None
8	ELECT DIRECTOR	Management	Unknown	None
9	ELECT DIRECTOR	Management	Unknown	None
10	ELECT DIRECTOR	Management	Unknown	None
11	ELECT DIRECTOR	Management	Unknown	None
12	ELECT DIRECTOR	Management	Unknown	None
13	ELECT DIRECTOR	Management	Unknown	None

ISSUER NAME: SANOFI-SYNTHELABO MEETING DATE: 06/23/2004
TICKER: SNY     SECURITY ID: 80105N105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	COMPANY FINANCIAL STATEMENTS	Management	For	None
2	CONSOLIDATED FINANCIAL STATEMENTS	Management	For	None
3	APPROPRIATION OF PROFITS; DECLARATION OF DIVIDEND	Management	For	None
4	APPROVAL OF TRANSACTIONS COVERED BY THE STATUTORY AUDITORS SPECIAL REPORT	Management	For	None
5	AUTHORIZATION TO THE BOARD OF DIRECTORS TO PURCHASE, HOLD AND TRANSFER THE COMPANY S OWN SHARES.	Management	For	None
6	AUTHORIZATION TO ISSUE BONDS	Management	For	None
7	INCREASE THE SHARE CAPITAL BY ISSUANCE, WITH PREEMPTIVE RIGHTS MAINTAINED	Management	For	None
8	INCREASE THE SHARE CAPITAL BY ISSUANCE, WITHOUT PREEMPTIVE RIGHTS	Management	For	None
9	INCREASE THE SHARE CAPITAL BY ISSUANCE OF SHARES AND/OR OTHER SECURITIES IN THE EVENT OF PUBLIC OFFERS FOR THE COMPANY S SECURITIES	Management	For	None
10	INCREASE THE SHARE CAPITAL BY INCORPORATION OF SHARE PREMIUM, RESERVES, PROFITS OR OTHER ITEMS	Management	For	None
11	INCREASE THE SHARE CAPITAL BY ISSUANCE OF SHARES RESERVED FOR EMPLOYEES WITH WAIVER OF PREEMPTIVE RIGHTS IN THEIR FAVOR	Management	For	None
12	TO GRANT OPTIONS TO SUBSCRIBE FOR OR PURCHASE SHARES	Management	For	None
13	REDUCE THE SHARE CAPITAL BY CANCELLATION OF TREASURY SHARES	Management	For	None
14	AN INCREASE IN THE SHARE CAPITAL BY ISSUANCE, WITHOUT PREEMPTIVE RIGHTS, OF NEW SHARES ALLOTTED TO AVENTIS SHAREHOLDERS	Management	For	None
15	CHANGE OF COMPANY NAME	Management	For	None
16	CHANGE IN THE TERM OF OFFICE OF BOARD MEMBERS	Management	For	None
17	AMENDMENT OF ARTICLE 12 PARAGRAPH 5 OF THE BYLAWS	Management	For	None

ISSUER NAME: SANOFI-SYNTHELABO MEETING DATE: 06/23/2004
TICKER: SNY     SECURITY ID: 80105N105
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	REAPPOINTMENT OF JEAN-FRANCOIS DEHECQ AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
2	REAPPOINTMENT OF RENE BARBIER DE LA SERRE AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
3	REAPPOINTMENT OF ROBERT CASTAIGNE AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
4	REAPPOINTMENT OF THIERRY DESMAREST AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
5	REAPPOINTMENT OF LINDSEY OWEN-JONES AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
6	REAPPOINTMENT OF BRUNO WEYMULLER AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
7	CONFIRMATION OF APPOINTMENT OF LORD DOURO AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
8	CONFIRMATION OF APPOINTMENT OF GERARD VAN KEMMEL AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
9	APPOINTMENT OF CHRISTIAN MULLIEZ AS A MEMBER OF THE BOARD OF DIRECTORS	Management	For	None
10	APPOINTMENT OF JEAN-MARC BRUEL AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
11	APPOINTMENT OF JURGEN DORMANN AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
12	APPOINTMENT OF JEAN-RENE FOURTOU AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
13	APPOINTMENT OF SERGE KAMPF AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
14	APPOINTMENT OF IGOR LANDAU AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
15	APPOINTMENT OF HUBERT MARKL AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
16	APPOINTMENT OF KLAUS POHLE AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
17	APPOINTMENT OF HERMANN SCHOLL AS A MEMBER OF THE BOARD OF DIRECTORS SUBJECT TO CONDITION PRECEDENT	Management	For	None
18	FORMAL NOTE OF THE EXPIRY OF THE TERMS OF OFFICE OF FIVE MEMBERS OF THE BOARD OF DIRECTORS	Management	For	None
19	AMOUNT OF DIRECTORS ATTENDANCE FEES	Management	For	None
20	POWERS FOR THE ACCOMPLISHMENT OF FORMALITIES	Management	For	None

ISSUER NAME: SCHERING-PLOUGH CORPORATION MEETING DATE: 04/27/2004
TICKER: SGP     SECURITY ID: 806605101
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT FRED HASSAN AS A DIRECTOR	Management	For	For
1.2	ELECT PHILIP LEDER, M.D. AS A DIRECTOR	Management	For	For
1.3	ELECT EUGENE R. MCGRATH AS A DIRECTOR	Management	For	For
1.4	ELECT RICHARD DE J. OSBORNE AS A DIRECTOR	Management	For	For
2	RATIFICATION OF DESIGNATION OF INDEPENDENT AUDITORS	Management	For	For
3	APPROVAL OF THE OPERATIONS MANAGEMENT TEAM INCENTIVE PLAN	Management	For	For

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: 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: 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: TENET HEALTHCARE CORPORATION MEETING DATE: 07/23/2003
TICKER: THC     SECURITY ID: 88033G100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT LAWRENCE BIONDI S.J. AS A DIRECTOR	Management	For	For
1.2	ELECT VAN B. HONEYCUTT AS A DIRECTOR	Management	For	For
1.3	ELECT EDWARD A. KANGAS AS A DIRECTOR	Management	For	For
2	PROPOSAL TO APPROVE THE AMENDED AND RESTATED ARTICLES OF INCORPORATION TO PROVIDE FOR THE ANNUAL ELECTION OF DIRECTORS.	Management	For	For
3	PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003.	Management	For	For
4	SHAREHOLDER PROPOSAL REGARDING INDEPENDENCE OF THE BOARD OF DIRECTORS.	Shareholder	Against	Against

ISSUER NAME: TENET HEALTHCARE CORPORATION MEETING DATE: 05/06/2004
TICKER: THC     SECURITY ID: 88033G100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT TREVOR FETTER AS A DIRECTOR	Management	For	For
1.2	ELECT VAN B. HONEYCUTT AS A DIRECTOR	Management	For	For
1.3	ELECT JOHN C. KANE AS A DIRECTOR	Management	For	For
1.4	ELECT EDWARD A. KANGAS AS A DIRECTOR	Management	For	For
1.5	ELECT J. ROBERT KERREY AS A DIRECTOR	Management	For	For
1.6	ELECT RICHARD R. PETTINGILL AS A DIRECTOR	Management	For	For
2	PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004.	Management	For	For

ISSUER NAME: TEVA PHARMACEUTICAL INDUSTRIES LIMIT MEETING DATE: 10/27/2003
TICKER: TEVA     SECURITY ID: 881624209
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO APPOINT PROF. GABRIELA SHALEV AS A STATUTORY INDEPENDENT DIRECTOR FOR A THREE-YEAR TERM, REPLACING MR. ORI SLONIM WHOSE TERM ENDS ON OCTOBER 17, 2003.	Management	For	For
2	TO APPROVE AN INCREASE IN THE REMUNERATION OF THE DIRECTORS OF THE COMPANY (OTHER THAN THE CHAIRMAN). SUCH ANNUAL REMUNERATION IS TO BE SET AT NIS 100,000 WITH AN ADDITIONAL NIS 3,000 PER MEETING. DIRECTORS WHO ARE ALSO COMMITTEE CHAIRPERSONS SHALL RECEIVE ANNUAL REMUNERATION OF NIS 125,000. SUCH REMUNERATION SHALL BE ADJUSTED IN ACCORDANCE WITH THE ISRAELI PRICE INDEX.	Management	For	For

ISSUER NAME: TEVA PHARMACEUTICAL INDUSTRIES LIMIT MEETING DATE: 05/20/2004
TICKER: TEVA     SECURITY ID: 881624209
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	TO RECEIVE AND DISCUSS THE COMPANY S CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2003 AND THE CONSOLIDATED STATEMENTS.	Management	For	For
2	TO APPROVE THE BOARD OF DIRECTORS RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2003, WHICH WAS PAID IN FOUR INSTALLMENTS AND AGGREGATED NIS 1.44 (APPROXIMATELY US$0.322) PER ORDINARY SHARE, BE DECLARED FINAL.	Management	For	For
3	TO ELECT ABRAHAM E. COHEN TO SERVE FOR A THREE-YEAR TERM.	Management	For	For
4	TO ELECT LESLIE DAN TO SERVE FOR A THREE-YEAR TERM.	Management	For	For
5	TO ELECT PROF. MEIR HETH TO SERVE FOR A THREE-YEAR TERM.	Management	For	For
6	TO ELECT PROF. MOSHE MANY TO SERVE FOR A THREE-YEAR TERM.	Management	For	For
7	TO ELECT DOV SHAFIR TO SERVE FOR A THREE-YEAR TERM.	Management	For	For
8	TO APPROVE THE PURCHASE OF DIRECTOR S AND OFFICER S LIABILITY INSURANCE FOR THE DIRECTORS AND OFFICERS OF THE COMPANY.	Management	For	Against
9	TO APPOINT KESSELMAN & KESSELMAN, A MEMBER OF PRICEWATERHOUSECOOPERS INTERNATIONAL LTD., AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004 AND AUTHORIZE THE AUDIT COMMITTEE TO DETERMINE THEIR COMPENSATION.	Management	For	For

ISSUER NAME: VERTEX PHARMACEUTICALS INCORPORATED MEETING DATE: 05/06/2004
TICKER: VRTX     SECURITY ID: 92532F100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT JOSHUA S. BOGER* AS A DIRECTOR	Management	For	For
1.2	ELECT CHARLES A. SANDERS* AS A DIRECTOR	Management	For	For
1.3	ELECT ELAINE S. ULLIAN* AS A DIRECTOR	Management	For	For
1.4	ELECT EVE E. SLATER** AS A DIRECTOR	Management	For	For
1.5	ELECT JOHN F. NIBLACK*** AS A DIRECTOR	Management	For	For
2	APPROVAL OF THE AMENDMENT TO THE VERTEX PHARMACEUTICALS INCORPORATED EMPLOYEE STOCK PURCHASE PLAN.	Management	For	For

ISSUER NAME: WATSON PHARMACEUTICALS, INC. MEETING DATE: 05/17/2004
TICKER: WPI     SECURITY ID: 942683103
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT ALLEN CHAO, PH.D. AS A DIRECTOR	Management	For	For
1.2	ELECT MICHEL J. FELDMAN AS A DIRECTOR	Management	For	For
1.3	ELECT FRED G. WEISS AS A DIRECTOR	Management	For	For
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITOR FOR THE 2004 FISCAL YEAR.	Management	For	For
3	STOCKHOLDER PROPOSAL ON EXECUTIVE COMPENSATION	Shareholder	Against	Against

ISSUER NAME: WYETH MEETING DATE: 04/22/2004
TICKER: WYE     SECURITY ID: 983024100
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1.1	ELECT C.L. ALEXANDER, JR. AS A DIRECTOR	Management	For	For
1.2	ELECT F.A. BENNACK, JR. AS A DIRECTOR	Management	For	For
1.3	ELECT R.L. CARRION AS A DIRECTOR	Management	For	For
1.4	ELECT R. ESSNER AS A DIRECTOR	Management	For	For
1.5	ELECT J.D. FEERICK AS A DIRECTOR	Management	For	For
1.6	ELECT R. LANGER AS A DIRECTOR	Management	For	For
1.7	ELECT J.P. MASCOTTE AS A DIRECTOR	Management	For	For
1.8	ELECT M.L. POLAN AS A DIRECTOR	Management	For	For
1.9	ELECT I.G. SEIDENBERG AS A DIRECTOR	Management	For	For
1.10	ELECT W.V. SHIPLEY AS A DIRECTOR	Management	For	For
1.11	ELECT J.R. TORELL III AS A DIRECTOR	Management	For	For
2	RATIFICATION OF PRINCIPAL INDEPENDENT PUBLIC ACCOUNTANTS	Management	For	For
3	ADOPTION OF THE STOCKHOLDER PROPOSAL ON ACCESS TO AND AFFORDABILITY OF PRESCRIPTION DRUGS	Shareholder	Against	Against
4	ADOPTION OF STOCKHOLDER PROPOSAL ON ANIMAL TESTING	Shareholder	Against	Against

ISSUER NAME: YAMANOUCHI PHARMACEUTICAL CO LTD MEETING DATE: 06/24/2004
TICKER: --     SECURITY ID: J96216122
Proposal No	Proposal	Proposed By	Management Recommendation	Vote Cast
1	APPROVE ALLOCATION OF INCOME, INCLUDING THE FOLLOWING DIVIDENDS: INTERIM JY15, FINAL JY 16, SPECIAL JY 0	Management	Unknown	None
2	AMEND ARTICLES TO: AUTHORIZE SHARE REPURCHASES AT BOARD S DISCRETION	Management	Unknown	None
3	APPROVE MERGER AGREEMENT WITH FUJISAWA PHARMACEUTICAL CO.	Management	Unknown	None
4	ELECT DIRECTOR	Management	Unknown	None
5	ELECT DIRECTOR	Management	Unknown	None
6	ELECT DIRECTOR	Management	Unknown	None
7	APPOINT INTERNAL STATUTORY AUDITOR	Management	Unknown	None
8	APPOINT INTERNAL STATUTORY AUDITOR	Management	Unknown	None
9	APPROVE EXECUTIVE STOCK OPTION PLAN	Management	Unknown	None
10	APPROVE RETIREMENT BONUSES FOR DIRECTORS	Management	Unknown	None