EX-99.77C VOTES 3 c77.txt EXPLORER PROXY NOTICE TO SHAREHOLDERS Explorer Fund At a special meeting of shareholders on December 3, 2002, fund shareholders approved the following proposals: o ELECT TRUSTEES FOR THE FUND. The individuals listed in the table below were elected as trustees for the fund. All trustees served as trustees to the fund prior to the shareholder meeting. -------------------------------- --------------- ------------- ----------------- TRUSTEE FOR WITHHELD PERCENTAGE FOR -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- John J. Brennan 2,340,906,512 31,825,357 98.7% -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- Charles D. Ellis 2,340,596,667 32,135,201 98.6 -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- Rajiv L. Gupta 2,336,110,501 36,621,367 98.5 -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- JoAnn Heffernan Heisen 2,339,958,404 32,773,464 98.6 -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- Burton G. Malkiel 2,336,053,462 36,678,407 98.5 -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- Alfred M. Rankin, Jr. 2,336,569,407 36,162,462 98.5 -------------------------------- --------------- ------------- ----------------- -------------------------------- --------------- ------------- ----------------- J. Lawrence Wilson 2,336,138,643 36,593,225 98.5 -------------------------------- --------------- ------------- ----------------- o CHANGE THE FUND'S POLICY ON INVESTING IN OTHER MUTUAL FUNDS. This change enables the fund to invest its cash reserves in specially created money market and short-term bond funds. This new cash management program, which is similar to those of other large mutual fund complexes, should help the fund to achieve greater diversification and to earn modestly higher returns on its cash reserves. The fund will need Securities and Exchange Commission approval before implementing this new cash management program. ------------------- -------------- -------------- --------------- -------------- FOR AGAINST ABSTAIN BROKER PERCENTAGE NON-VOTES FOR ------------------- -------------- -------------- --------------- -------------- ------------------- -------------- -------------- --------------- -------------- 2,186,352,220 83,993,382 36,323,444 66,062,823 92.1% ------------------- -------------- -------------- --------------- --------------