UNITED STATES
                             SECURITIES AND EXCHANGE COMMISSION
                                    Washington, DC 20549

                                         FORM N-PX

      ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY



Investment Company Act file number:                     811-1512

Exact name of registrant as specified in charter:       Oppenheimer Capital
                                                        Income Fund

Address of principal executive offices:                 6803 South Tucson Way
                                                        Centennial, CO 80112

Name and address of agent for service:                  Two World Financial Center
                                                        225 Liberty Street
                                                        New York, NY 10281-1008

Registrant's telephone number, including area code:     303-768-3200

Date of fiscal year end:                                8/31

Date of reporting period:                               07/01/2003-06/30/2004

Item 1.           Proxy Voting Record




======================= OPPENHEIMER CAPITAL INCOME FUND ========================


ABBOTT LABORATORIES

Ticker:       ABT            Security ID:  002824100
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  FEB 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Roxanne S. Austin         For       For        Management
1.2   Elect  Director H.Laurance Fuller         For       For        Management
1.3   Elect  Director Richard A. Gonzalez       For       For        Management
1.4   Elect  Director Jack M. Greenberg         For       For        Management
1.5   Elect  Director Jeffrey M. Leiden         For       For        Management
1.6   Elect  Director David A. Lord Owen        For       For        Management
1.7   Elect  Director Boone Powell Jr.          For       For        Management
1.8   Elect  Director Addison Barry Rand        For       For        Management
1.9   Elect  Director W.Ann Reynolds            For       For        Management
1.10  Elect  Director Roy S. Roberts            For       For        Management
1.11  Elect  Director William D. Smithburg      For       For        Management
1.12  Elect  Director John R. Walter            For       For        Management
1.13  Elect  Director Miles D. White            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Drug Pricing                              Against   Abstain    Shareholder
4     Report on Political                       Against   Abstain    Shareholder
      Contributions/Activities
5     Prohibit Awards to Executives             Against   Against    Shareholder
6     Report on Operational Imact of HIV/AIDS,  Against   Abstain    Shareholder
      TB, and Malaria Pandemic


- --------------------------------------------------------------------------------

ACE LTD.

Ticker:       ACE            Security ID:  G0070K103
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Brian Duperreault         For       For        Management
1.2   Elect  Director Robert M. Hernandez       For       For        Management
1.3   Elect  Director Peter Menikoff            For       For        Management
1.4   Elect  Director Robert Ripp               For       For        Management
1.5   Elect  Director Dermot F. Smurfit         For       For        Management
2     PROPOSAL TO APPROVE THE ACE LIMITED 2004  For       For        Management
      LONG-TERM INCENTIVE PLAN.
3     PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE
      INDEPENDENT ACCOUNTANTS OF ACE LIMITED
      FOR THE FISCAL YEAR ENDING DECEMBER 31,
      2004.


- --------------------------------------------------------------------------------

ALTRIA GROUP, INC.

Ticker:       MO             Security ID:  02209S103
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Elizabeth E. Bailey       For       Withhold   Management
1.2   Elect  Director Mathis Cabiallavetta      For       Withhold   Management
1.3   Elect  Director Louis C. Camilleri        For       Withhold   Management
1.4   Elect  Director J. Dudley Fishburn        For       Withhold   Management
1.5   Elect  Director Robert E. R. Huntley      For       Withhold   Management
1.6   Elect  Director Thomas W. Jones           For       Withhold   Management
1.7   Elect  Director Lucio A. Noto             For       Withhold   Management
1.8   Elect  Director John S. Reed              For       Withhold   Management
1.9   Elect  Director Carlos Slim Helu          For       Withhold   Management
1.10  Elect  Director Stephen M. Wolf           For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Report on Product Warnings for Pregnant   Against   Abstain    Shareholder
      Women
4     Report on Health Risks Associated with    Against   Abstain    Shareholder
      Cigarette Filters
5     Political Contributions/Activities        Against   Abstain    Shareholder
6     Cease Use of Light and Ultra Light in     Against   Abstain    Shareholder
      Cigarette Marketing
7     Place Canadian Style Warnings on          Against   Abstain    Shareholder
      Cigarette Packaging
8     Separate Chairman and CEO Positions       Against   Against    Shareholder


- --------------------------------------------------------------------------------

ANTHRACITE CAPITAL, INC.

Ticker:       AHR            Security ID:  037023108
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald G. Drapkin         For       For        Management
1.2   Elect  Director Carl F. Geuther           For       For        Management
1.3   Elect  Director Leon T. Kendall           For       For        Management
1.4   Elect  Director Clay G. Lebhar            For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

AT&T CORP.

Ticker:       T              Security ID:  001957505
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Directors William F. Aldinger      For       Withhold   Management
1.2   Elect  Directors Kenneth T. Derr          For       Withhold   Management
1.3   Elect  Directors David W. Dorman          For       Withhold   Management
1.4   Elect  Directors M. Kathryn Eickhoff      For       Withhold   Management
1.5   Elect  Directors Herbet L. Henkel         For       Withhold   Management
1.6   Elect  Directors Frank C. Herringer       For       Withhold   Management
1.7   Elect  Directors Shirley Ann Jackson      For       Withhold   Management
1.8   Elect  Directors Jon C. Madonna           For       Withhold   Management
1.9   Elect  Directors Donald F. McHenry        For       Withhold   Management
1.10  Elect  Directors Tony L. White            For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Establish Term Limits for Directors       Against   Against    Shareholder
5     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
6     Separate Chairman and CEO Positions       Against   Against    Shareholder
7     Report on Executive Compensation          Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

AUTOLIV INC.

Ticker:       ALV            Security ID:  052800109
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Per-Olof Aronson          For       For        Management
1.2   Elect  Director Walter Kunerth            For       For        Management
1.3   Elect  Director Lars Westerberg           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

BANK OF AMERICA CORP.

Ticker:       BAC            Security ID:  060505104
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William Barnet, III       For       For        Management
1.2   Elect  Director Charles W. Coker          For       For        Management
1.3   Elect  Director John T. Collins           For       For        Management
1.4   Elect  Director Gary L. Countryman        For       For        Management
1.5   Elect  Director Paul Fulton               For       For        Management
1.6   Elect  Director Charles K. Gifford        For       For        Management
1.7   Elect  Director Donald E. Guinn           For       For        Management
1.8   Elect  Director James H. Hance, Jr.       For       For        Management
1.9   Elect  Director Kenneth D. Lewis          For       For        Management
1.10  Elect  Director Walter E. Massey          For       For        Management
1.11  Elect  Director Thomas J. May             For       For        Management
1.12  Elect  Director C. Steven McMillan        For       For        Management
1.13  Elect  Director Eugene M. McQuade         For       For        Management
1.14  Elect  Director Patricia E. Mitchell      For       For        Management
1.15  Elect  Director Edward L. Romero          For       For        Management
1.16  Elect  Director Thomas M. Ryan            For       For        Management
1.17  Elect  Director O. Temple Sloan, Jr.      For       For        Management
1.18  Elect  Director Meredith R. Spangler      For       For        Management
1.19  Elect  Director Jackie M. Ward            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Change Date of Annual Meeting             Against   Against    Shareholder
4     Adopt Nomination Procedures for the Board Against   Against    Shareholder
5     Charitable Contributions                  Against   Against    Shareholder
6     Establish Independent Committee to Review Against   Against    Shareholder
      Mutual Fund Policy
7     Adopt Standards Regarding Privacy and     Against   Against    Shareholder
      Information Security


- --------------------------------------------------------------------------------

BP PLC  (FORM. BP AMOCO PLC )

Ticker:       BP.            Security ID:  055622104
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lord Browne               For       For        Management
1.2   Elect  Director Dr B E Grote              For       For        Management
1.3   Elect  Director Mr H M P Miles            For       For        Management
1.4   Elect  Director Sir Robin Nicholson       For       For        Management
1.5   Elect  Director Mr R L Olver              For       For        Management
1.6   Elect  Director Sir Ian Prosser           For       For        Management
2     TO ELECT MR A BURGMANS AS A DIRECTOR      For       For        Management
3     Ratify Auditors                           For       For        Management
4     TO AMEND THE ARTICLES OF ASSOCIATION OF   For       For        Management
      THE COMPANY
5     TO GIVE AUTHORITY TO ALLOT SHARES UP TO A For       For        Management
      SPECIFIED AMOUNT
6     SPECIAL RESOLUTION: TO GIVE AUTHORITY TO  For       For        Management
      ALLOT A LIMITED NUMBER OF SHARES FOR CASH
      WITHOUT MAKING AN OFFER TO SHAREHOLDERS
7     SPECIAL RESOLUTION: TO GIVE LIMITED       For       For        Management
      AUTHORITY FOR THE PURCHASE OF ITS OWN
      SHARES BY THE COMPANY
8     TO AUTHORISE THE USE OF TREASURY SHARES   For       For        Management
      FOR EMPLOYEE SHARE SCHEMES
9     TO APPROVE THE DIRECTORS  REMUNERATION    For       For        Management
      REPORT
10    TO DETERMINE THE LIMIT FOR THE AGGREGATE  For       For        Management
      REMUNERATION OF THE NON-EXECUTIVE
      DIRECTORS
11    TO RECEIVE THE DIRECTORS  ANNUAL REPORT   For       For        Management
      AND THE ACCOUNTS
12    SPECIAL SHAREHOLDER RESOLUTION: TO        Against   Against    Shareholder
      INSTRUCT THE COMPANY TO PREPARE A REPORT
      MAKING CERTAIN DISCLOSURES ON MATTERS OF
      CONTROL AND RISK IN PROTECTED AND
      SENSITIVE AREAS


- --------------------------------------------------------------------------------

CENDANT CORPORATION

Ticker:       CD             Security ID:  151313103
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director The Right Honourable      For       Withhold   Management
      Brian Mulroney
1.2   Elect  Director Ronald L. Nelson          For       Withhold   Management
1.3   Elect  Director Robert W. Pittman         For       Withhold   Management
1.4   Elect  Director Myra J. Biblowit          For       Withhold   Management
1.5   Elect  Director Sheli Z. Rosenberg        For       Withhold   Management
2     Declassify the Board of Directors         For       For        Management
3     Ratify Auditors                           For       For        Management
4     Separate Chairman and CEO Positions       Against   Against    Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder


- --------------------------------------------------------------------------------

CENTURYTEL, INC.

Ticker:       CTL            Security ID:  156700106
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William R. Boles, Jr.     For       Withhold   Management
1.2   Elect  Director W. Bruce Hanks            For       Withhold   Management
1.3   Elect  Director C.G. Melville, Jr.        For       Withhold   Management
1.4   Elect  Director Glen F. Post, III         For       Withhold   Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

CHARTER ONE FINANCIAL, INC.

Ticker:       CF             Security ID:  160903100
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Patrick J. Agnew          For       For        Management
1.2   Elect  Director Denise Marie Fugo         For       For        Management
1.3   Elect  Director Charles John Koch         For       For        Management
1.4   Elect  Director Ronald F. Poe             For       For        Management
1.5   Elect  Director Jerome L. Schostak        For       For        Management
1.6   Elect  Director Mark Shaevsky             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

CHEVRONTEXACO CORP.

Ticker:       CVX            Security ID:  166764100
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Samuel H. Armacost        For       Withhold   Management
1.2   Elect  Director Robert E. Denham          For       Withhold   Management
1.3   Elect  Director Robert J. Eaton           For       Withhold   Management
1.4   Elect  Director Sam Ginn                  For       Withhold   Management
1.5   Elect  Director Carla Anderson Hills      For       Withhold   Management
1.6   Elect  Director Franklyn G. Jenifer       For       Withhold   Management
1.7   Elect  Director J. Bennett Johnston       For       Withhold   Management
1.8   Elect  Director Sam Nunn                  For       Withhold   Management
1.9   Elect  Director David J. O'Reilly         For       Withhold   Management
1.10  Elect  Director Peter J. Robertson        For       Withhold   Management
1.11  Elect  Director Charles R. Shoemate       For       Withhold   Management
1.12  Elect  Director Carl Ware                 For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Adopt Shareholder Rights Plan (Poison     For       For        Management
      Pill) Policy
4     Amend Omnibus Stock Plan                  For       For        Management
5     Report on Operational Impact of HIV/AIDS, Against   Abstain    Shareholder
      TB, and Malaria Pandemic
6     Report on Political                       Against   Abstain    Shareholder
      Contributions/Activities
7     Require Affirmative Vote of a Majority of Against   Against    Shareholder
      the Shares to Elect Directors
8     Report on Health and Environmental        Against   Abstain    Shareholder
      Initiatives in Ecuador
9     Report on Renewable Energy                Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

CITIGROUP INC.

Ticker:       C              Security ID:  172967101
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director C. Michael Armstrong      For       For        Management
1.2   Elect  Director Alain J.P. Belda          For       For        Management
1.3   Elect  Director George David              For       For        Management
1.4   Elect  Director Kenneth T. Derr           For       For        Management
1.5   Elect  Director John M. Deutch            For       For        Management
1.6   Elect  Director Roberto Hernandez Ramirez For       For        Management
1.7   Elect  Director Ann Dibble Jordan         For       For        Management
1.8   Elect  Director Dudley C. Mecum           For       For        Management
1.9   Elect  Director Richard D. Parsons        For       For        Management
1.10  Elect  Director Andrall E. Pearson        For       For        Management
1.11  Elect  Director Charles Prince            For       For        Management
1.12  Elect  Director Robert E. Rubin           For       For        Management
1.13  Elect  Director Franklin A. Thomas        For       For        Management
1.14  Elect  Director Sanford I. Weill          For       For        Management
1.15  Elect  Director Robert B. Willumstad      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Prohibit Awards to Executives             Against   Against    Shareholder
6     Separate Chairman and CEO Positions       Against   Against    Shareholder


- --------------------------------------------------------------------------------

CONOCOPHILLIPS

Ticker:       COP            Security ID:  20825C104
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David L. Boren            For       For        Management
1.2   Elect  Director James E. Copeland, Jr.    For       For        Management
1.3   Elect  Director Kenneth M. Duberstein     For       For        Management
1.4   Elect  Director Ruth R. Harkin            For       For        Management
1.5   Elect  Director William R. Rhodes         For       For        Management
1.6   Elect  Director J. Stapleton Roy          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Limit Executive Compensation              Against   Against    Shareholder
5     Limit Executive Compensation              Against   Abstain    Shareholder
6     Report on Drilling in the Arctic National Against   Abstain    Shareholder
      Wildlife Refuge


- --------------------------------------------------------------------------------

CSG SYSTEMS INTERNATIONAL, INC.

Ticker:       CSGS           Security ID:  126349109
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Janice I. Obuchowski      For       Withhold   Management
2     Amend Employee Stock Purchase Plan        For       For        Management


- --------------------------------------------------------------------------------

CSK AUTO CORP.

Ticker:       CAO            Security ID:  125965103
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:  APR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Maynard Jenkins           For       Withhold   Management
1.2   Elect  Director James G. Bazlen           For       Withhold   Management
1.3   Elect  Director Morton Godlas             For       Withhold   Management
1.4   Elect  Director Terilyn A. Henderson      For       Withhold   Management
1.5   Elect  Director Charles K. Marquis        For       Withhold   Management
1.6   Elect  Director Charles J. Philippin      For       Withhold   Management
1.7   Elect  Director William A. Shutzer        For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Approve Omnibus Stock Plan                For       For        Management


- --------------------------------------------------------------------------------

DOLLAR TREE STORES, INC.

Ticker:       DLTR           Security ID:  256747106
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Range for Size of the Board        For       For        Management
2.1   Elect  Director H. Ray Compton            For       Withhold   Management
2.2   Elect  Director John F. Megrue            For       Withhold   Management
2.3   Elect  Director Alan L. Wurtzel           For       Withhold   Management
2.4   Elect  Director Bob Sasser                For       Withhold   Management
2.5   Elect  Director Thomas E. Whiddon         For       Withhold   Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Approve Omnibus Stock Plan                For       For        Management
5     Approve Executive Incentive Bonus Plan    For       For        Management


- --------------------------------------------------------------------------------

E.I. DU PONT DE NEMOURS & CO.

Ticker:       DD             Security ID:  263534109
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J. P. Belda         For       Withhold   Management
1.2   Elect  Director Richard H. Brown          For       Withhold   Management
1.3   Elect  Director Curtis J. Crawford        For       Withhold   Management
1.4   Elect  Director John T. Dillon            For       Withhold   Management
1.5   Elect  Director Louisa C. Duemling        For       Withhold   Management
1.6   Elect  Director Charles O. Holliday, Jr.  For       Withhold   Management
1.7   Elect  Director Deborah C. Hopkins        For       Withhold   Management
1.8   Elect  Director Lois D. Juliber           For       Withhold   Management
1.9   Elect  Director Masahisa Naitoh           For       Withhold   Management
1.10  Elect  Director William K. Reilly         For       Withhold   Management
1.11  Elect  Director H. Rodney Sharp, III      For       Withhold   Management
1.12  Elect  Director Charles M. Vest           For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Report on Executive Ties to Government    Against   Abstain    Shareholder
4     Adopt and Report on a Code of Corporate   Against   Abstain    Shareholder
      Conduct
5     Limit Executive Compensation              Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

ECHOSTAR COMMUNICATIONS CORP.

Ticker:       DISH           Security ID:  278762109
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael T. Dugan          For       Withhold   Management
1.2   Elect  Director James Defranco            For       Withhold   Management
1.3   Elect  Director Cantey Ergen              For       Withhold   Management
1.4   Elect  Director Charles W. Ergen          For       Withhold   Management
1.5   Elect  Director Raymond L. Friedlob       For       Withhold   Management
1.6   Elect  Director Steven R. Goodbarn        For       Withhold   Management
1.7   Elect  Director David K. Moskowitz        For       Withhold   Management
1.8   Elect  Director C. Michael Schroeder      For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       Against    Management


- --------------------------------------------------------------------------------

EQUITABLE RESOURCES, INC.

Ticker:       EQT            Security ID:  294549100
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lee T. Todd, Jr., Ph.D.   For       For        Management
1.2   Elect  Director Murry S. Gerber           For       For        Management
1.3   Elect  Director George L. Miles, Jr.      For       For        Management
1.4   Elect  Director James W. Whalen           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

EVEREST RE GROUP LTD

Ticker:       RE             Security ID:  G3223R108
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kenneth J. Duffy          For       For        Management
1.2   Elect  Director Joseph V. Taranto         For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

FLEETBOSTON FINANCIAL CORP.

Ticker:       FLT            Security ID:  339030108
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:  JAN 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


- --------------------------------------------------------------------------------

GENERAL MOTORS CORP.

Ticker:       GM             Security ID:  370442832
Meeting Date: OCT 3, 2003    Meeting Type: Written Consent
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles                            For       For        Management
2     Amend Articles                            For       For        Management
3     Approve Hughes Split-Off                  For       For        Management
4     Approve GM/News Stock Sale                For       For        Management
5     Approve News Stock Acquisition            For       For        Management
6     Amend Articles                            For       For        Management


- --------------------------------------------------------------------------------

GLOBAL SANTA FE CORP.(FORMERLY SANTA FE INTERNATIONAL CORP)

Ticker:       GSF            Security ID:  G3930E101
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ferdinand A. Berger       For       For        Management
1.2   Elect  Director Khaled R. Al-Haroon       For       For        Management
1.3   Elect  Director Edward R. Muller          For       For        Management
1.4   Elect  Director Paul J. Powers            For       For        Management
1.5   Elect  Director John L. Whitmire          For       For        Management
2     PROPOSAL TO APPROVE A SPECIAL RESOLUTION  For       For        Management
      TO AMEND THE COMPANY S AMENDED AND
      RESTATED ARTICLES OF ASSOCIATION TO
      PERMIT TELEPHONIC AND INTERNET VOTING BY
      RECORD SHAREHOLDERS.
3     PROPOSAL TO APPROVE A SPECIAL RESOLUTION  For       For        Management
      TO AMEND THE COMPANY S AMENDED AND
      RESTATED ARTICLES OF ASSOCIATION TO
      REMOVE THE LANGUAGE  NO SHARE OWNERSHIP
      QUALIFICATION FOR DIRECTORS SHALL BE
      REQUIRED.
4     PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE
      INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
      OF THE COMPANY AND ITS SUBSIDIARIES FOR
      THE YEAR ENDING DECEMBER 31, 2004.


- --------------------------------------------------------------------------------

HERITAGE PROPERTY INVESTMENT TRUST INC

Ticker:       HTG            Security ID:  42725M107
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Joseph L. Barry           For       For        Management
1.2   Elect  Director Richard C. Garrison       For       For        Management
1.3   Elect  Director David W. Laughton         For       For        Management
1.4   Elect  Director Kevin C. Phelan           For       For        Management
2     Other Business                            For       Against    Management


- --------------------------------------------------------------------------------

KINDER MORGAN, INC.

Ticker:       KMI            Security ID:  49455P101
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles W. Battey         For       For        Management
1.2   Elect  Director H. A. True, III           For       For        Management
1.3   Elect  Director Fayez Sarofim             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Prepare a Sustainability Report           Against   Abstain    Shareholder
5     Expense Stock Options                     Against   For        Shareholder


- --------------------------------------------------------------------------------

LEAPFROG ENTERPRISES INC

Ticker:       LF             Security ID:  52186N106
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Steven B. Fink            For       Withhold   Management
1.2   Elect  Director Paul A. Rioux             For       For        Management
1.3   Elect  Director Michael C. Wood           For       For        Management
1.4   Elect  Director Thomas J. Kalinske        For       For        Management
1.5   Elect  Director Jeremy J. Perez           For       For        Management
1.6   Elect  Director Jeffrey Berg              For       For        Management
1.7   Elect  Director Stanley E. Maron          For       For        Management
1.8   Elect  Director E. Stanton McKee, Jr.     For       For        Management
1.9   Elect  Director Barry Munitz              For       For        Management
1.10  Elect  Director Stewart A. Resnick        For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Non-Employee Director Stock Option  For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

LOCKHEED MARTIN CORP.

Ticker:       LMT            Security ID:  539830109
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director E.C. 'Pete' Aldridge, Jr. For       For        Management
1.2   Elect  Director Nolan D. Archibald        For       For        Management
1.3   Elect  Director Norman R. Augustine       For       Withhold   Management
1.4   Elect  Director Marcus C. Bennett         For       For        Management
1.5   Elect  Director Vance D. Coffman          For       For        Management
1.6   Elect  Director Gwendolyn S. King         For       For        Management
1.7   Elect  Director Douglas H. McCorkindale   For       For        Management
1.8   Elect  Director Eugene F. Murphy          For       For        Management
1.9   Elect  Director Joseph W. Ralston         For       Withhold   Management
1.10  Elect  Director Frank Savage              For       For        Management
1.11  Elect  Director Anne Stevens              For       For        Management
1.12  Elect  Director Robert J. Stevens         For       For        Management
1.13  Elect  Director James R. Ukropina         For       For        Management
1.14  Elect  Director Douglas C. Yearley        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Executive Ties to Government    Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   Against    Shareholder
      Pill) to Shareholder Vote
5     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services
6     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts


- --------------------------------------------------------------------------------

LOEWS CORP.

Ticker:       LTR            Security ID:  540424207
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Joseph L. Bower           For       Withhold   Management
1.2   Elect  Director John Brademas             For       Withhold   Management
1.3   Elect  Director Charles M. Diker          For       Withhold   Management
1.4   Elect  Director Paul J. Fribourg          For       Withhold   Management
1.5   Elect  Director Philip A. Laskawy         For       Withhold   Management
1.6   Elect  Director Gloria R. Scott           For       Withhold   Management
1.7   Elect  Director Andrew H. Tisch           For       Withhold   Management
1.8   Elect  Director James S. Tisch            For       Withhold   Management
1.9   Elect  Director Jonathan M. Tisch         For       Withhold   Management
1.10  Elect  Director Preston R. Tisch          For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Provide for Cumulative Voting             Against   Against    Shareholder
4     Support Legislation and Make Public       Against   Abstain    Shareholder
      Statements on Environmental Tobacco Smoke
5     Cease Charitable Contributions            Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

LYONDELL CHEMICAL CO.

Ticker:       LYO            Security ID:  552078107
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Carol A. Anderson         For       Withhold   Management
1.2   Elect  Director William T. Butler         For       Withhold   Management
1.3   Elect  Director Stephen I. Chazen         For       Withhold   Management
1.4   Elect  Director Travis Engen              For       Withhold   Management
1.5   Elect  Director Stephen F. Hinchliffe,    For       Withhold   Management
      Jr.
1.6   Elect  Director Danny W. Huff             For       Withhold   Management
1.7   Elect  Director Ray R. Irani              For       Withhold   Management
1.8   Elect  Director David J. Lesar            For       Withhold   Management
1.9   Elect  Director Dudley C. Mecum           For       Withhold   Management
1.10  Elect  Director Dan F. Smith              For       Withhold   Management
1.11  Elect  Director William R. Spivey         For       Withhold   Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

MATTEL, INC.

Ticker:       MAT            Security ID:  577081102
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Eugene P. Beard           For       Withhold   Management
1.2   Elect  Director Michael J. Dolan          For       Withhold   Management
1.3   Elect  Director Robert A. Eckert          For       Withhold   Management
1.4   Elect  Director Tully M. Friedman         For       Withhold   Management
1.5   Elect  Director Ronald M. Loeb            For       Withhold   Management
1.6   Elect  Director Andrea L. Rich            For       Withhold   Management
1.7   Elect  Director Ronald L. Sargent         For       Withhold   Management
1.8   Elect  Director Christopher A. Sinclair   For       Withhold   Management
1.9   Elect  Director G. Craig Sullivan         For       Withhold   Management
1.10  Elect  Director John L. Vogelstein        For       Withhold   Management
1.11  Elect  Director Kathy Brittain White      For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Limit Awards to Executives                Against   Against    Shareholder
4     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services


- --------------------------------------------------------------------------------

MERCK & CO., INC.

Ticker:       MRK            Security ID:  589331107
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Peter C. Wendell          For       Withhold   Management
1.2   Elect  Director William G. Bowen          For       Withhold   Management
1.3   Elect  Director William M. Daley          For       Withhold   Management
1.4   Elect  Director Thomas E. Shenk           For       Withhold   Management
1.5   Elect  Director Wendell P. Weeks          For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Prohibit Awards to Executives             Against   Against    Shareholder
5     Develop Ethical Criteria for Patent       Against   Abstain    Shareholder
      Extension
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political Contributions         Against   Abstain    Shareholder
8     Report on Operational Impact of HIV/AIDS, Against   Abstain    Shareholder
      TB, and Malaria Pandemic


- --------------------------------------------------------------------------------

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael S. Brown          For       Withhold   Management
1.2   Elect  Director M. Anthony Burns          For       Withhold   Management
1.3   Elect  Director Robert N. Burt            For       Withhold   Management
1.4   Elect  Director W. Don Cornwell           For       Withhold   Management
1.5   Elect  Director William H. Gray III       For       Withhold   Management
1.6   Elect  Director Constance J. Horner       For       Withhold   Management
1.7   Elect  Director William R. Howell         For       Withhold   Management
1.8   Elect  Director Stanley O. Ikenberry      For       Withhold   Management
1.9   Elect  Director George A. Lorch           For       Withhold   Management
1.10  Elect  Director Henry A. Mckinnell        For       Withhold   Management
1.11  Elect  Director Dana G. Mead              For       Withhold   Management
1.12  Elect  Director Franklin D. Raines        For       Withhold   Management
1.13  Elect  Director Ruth J. Simmons           For       Withhold   Management
1.14  Elect  Director William C. Steere, Jr.    For       Withhold   Management
1.15  Elect  Director Jean-Paul Valles          For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Report on Operational Impact of HIV/AIDS, Against   Abstain    Shareholder
      TB, and Malaria Pandemic
5     Cease Political Contributions/Activities  Against   Abstain    Shareholder
6     Report on Political                       Against   Abstain    Shareholder
      Contributions/Activities
7     Establish Term Limits for Directors       Against   Against    Shareholder
8     Report on Drug Pricing                    Against   Against    Shareholder
9     Limit Awards to Executives                Against   Against    Shareholder
10    Amend Animal Testing Policy               Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

PG&E CORP.

Ticker:       PCG            Security ID:  69331C108
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David R. Andrews          For       Withhold   Management
1.2   Elect  Director Leslie S. Biller          For       Withhold   Management
1.3   Elect  Director David A. Coulter          For       Withhold   Management
1.4   Elect  Director C. Lee Cox                For       Withhold   Management
1.5   Elect  Director Robert D. Glynn, Jr.      For       Withhold   Management
1.6   Elect  Director David M. Lawrence, MD     For       Withhold   Management
1.7   Elect  Director Mary S. Metz              For       Withhold   Management
1.8   Elect  Director Barry Lawson Williams     For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
4     Submit Severance Agreement                Against   Against    Shareholder
      (Change-in-Control) to Shareholder Vote
5     Require Directors be a Link-Free          Against   Against    Shareholder
      Directors
6     Adopt Radioactive Waste Policy            Against   Abstain    Shareholder
7     Separate Chairman and CEO Positions       Against   Against    Shareholder
8     Limit Executive Compensation              Against   Against    Shareholder


- --------------------------------------------------------------------------------

PRAXAIR, INC.

Ticker:       PX             Security ID:  74005P104
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alejandro Achaval         For       For        Management
1.2   Elect  Director Ronald L. Kuehn, Jr.      For       For        Management
1.3   Elect  Director H. Mitchell Watson, Jr.   For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Approve Stockholder Protection Rights     For       Abstain    Management
      Agreement


- --------------------------------------------------------------------------------

RADIAN GROUP INC.

Ticker:       RDN            Security ID:  750236101
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James W. Jennings         For       For        Management
1.2   Elect  Director Roy J. Kasmar             For       For        Management
1.3   Elect  Director Herbert Wender            For       For        Management
1.4   Elect  Director Jan Nicholson             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Articles                            For       For        Management
4     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------

RAYTHEON CO.

Ticker:       RTN            Security ID:  755111507
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John M. Deutch            For       Withhold   Management
1.2   Elect  Director Michael C. Ruettgers      For       Withhold   Management
1.3   Elect  Director William R. Spivey         For       Withhold   Management
1.4   Elect  Director William H. Swanson        For       Withhold   Management
1.5   Elect  Director Linda G. Stuntz           For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Develop Ethical Criteria for Military     Against   Abstain    Shareholder
      Contracts
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Declassify the Board of Directors         Against   For        Shareholder
6     Implement MacBride Principles             Against   Abstain    Shareholder
7     Expense Stock Options                     Against   For        Shareholder
8     Submit Executive Pension Benefit to Vote  Against   Against    Shareholder
9     Limit Executive Compensation              Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

SAPPI LTD.

Ticker:                      Security ID:  803069202
Meeting Date: MAR 1, 2004    Meeting Type: Annual
Record Date:  JAN 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     CONFIRMATION OF APPOINTMENT OF DIRECTOR   For       For        Management
      APPOINTED SINCE THE LAST ANNUAL GENERAL
      MEETING: MR J C A LESLIE
2     CONFIRMATION OF APPOINTMENT OF DIRECTOR   For       For        Management
      APPOINTED SINCE THE LAST ANNUAL GENERAL
      MEETING: MR H C J MAMSCH
3     RE-ELECTION OF RETIRING DIRECTOR: MR M R  For       For        Management
      HAYMON
4     RE-ELECTION OF RETIRING DIRECTOR: MR E    For       For        Management
      VAN AS
5     RE-ELECTION OF RETIRING DIRECTOR: MR D G  For       For        Management
      WILSON
6     SPECIAL RESOLUTION NUMBER 1 - A GENERAL   For       For        Management
      APPROVAL FOR THE COMPANY AND ITS
      SUBSIDIARIES TO ACQUIRE SAPPI LIMITED
      SHARES.
7     ORDINARY RESOLUTION NUMBER 1 - SPECIFIC   For       Against    Management
      APPROVAL TO SELL TREASURY SHARES TO THE
      SAPPI SHARE INCENTIVE SCHEME.
8     ORDINARY RESOLUTION NUMBER 2 - PLACING    For       For        Management
      ALL THE UNISSUED ORDINARY SHARES IN THE
      AUTHORISED SHARE CAPITAL OF THE COMPANY
      UNDER THE CONTROL OF THE DIRECTORS OF THE
      COMPANY WITH THE AUTHORITY TO ALLOT AND
      ISSUE SAME IN TERMS OF THE COMPANIES ACT
      AND THE LIST
9     ORDINARY RESOLUTION NUMBER 3 - AUTHORITY  For       For        Management
      FOR DIRECTORS TO SIGN ALL DOCUMENTS AND
      DO ALL SUCH THINGS NECESSARY TO IMPLEMENT
      THE ABOVE RESOLUTIONS. *** VOTING CUT-OFF
      DATE: NO LATER THAN FEBRUARY 23, 2004 ***


- --------------------------------------------------------------------------------

SARA LEE CORP.

Ticker:       SLE            Security ID:  803111103
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  SEP 2, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J.T. Battenberg III        For       Withhold   Management
1.2   Elect Director Charles W. Coker           For       Withhold   Management
1.3   Elect Director James S. Crown             For       Withhold   Management
1.4   Elect Director Willie D. Davis            For       Withhold   Management
1.5   Elect Director Vernon E. Jordan, Jr.      For       Withhold   Management
1.6   Elect Director Laurette T. Koellner       For       Withhold   Management
1.7   Elect Director Cornelis J.A. Van Lede     For       Withhold   Management
1.8   Elect Director Joan D. Manley             For       Withhold   Management
1.9   Elect Director Cary D. McMillan           For       Withhold   Management
1.10  Elect Director C. Steven McMillan         For       Withhold   Management
1.11  Elect Director Rozanne L. Ridgway         For       Withhold   Management
1.12  Elect Director Richard L. Thomas          For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Report on Charitable Contributions        Against   Against    Shareholder
4     Implement and Monitor Code of Corporate   Against   Against    Shareholder
      Conduct - ILO Standards


- --------------------------------------------------------------------------------

SBC COMMUNICATIONS INC.

Ticker:       SBC            Security ID:  78387G103
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  MAR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James E. Barnes           For       Withhold   Management
1.2   Elect  Director James A. Henderson        For       Withhold   Management
1.3   Elect  Director John B. McCoy             For       Withhold   Management
1.4   Elect  Director S. Donley Ritchey         For       Withhold   Management
1.5   Elect  Director Joyce M. Roche            For       Withhold   Management
1.6   Elect  Director Patricia P. Upton         For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Amend Bylaws                              For       For        Management
4     Report on Political                       Against   Abstain    Shareholder
      Contributions/Activities
5     Change Size of Board of Directors         Against   Against    Shareholder


- --------------------------------------------------------------------------------

SMURFIT - STONE CONTAINER CORP.

Ticker:       SSCC           Security ID:  832727101
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James R. Boris            For       Withhold   Management
1.2   Elect  Director Alan E. Goldberg          For       Withhold   Management
1.3   Elect  Director William T. Lynch, Jr.     For       Withhold   Management
1.4   Elect  Director Patrick J. Moore          For       Withhold   Management
1.5   Elect  Director James J. O'Connor         For       Withhold   Management
1.6   Elect  Director Jerry K. Pearlman         For       Withhold   Management
1.7   Elect  Director Thomas A. Reynolds, III   For       Withhold   Management
1.8   Elect  Director William D. Smithburg      For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Deferred Compensation Plan        For       For        Management
5     Submit Executive Compensation to Vote     Against   Against    Shareholder


- --------------------------------------------------------------------------------

TRAVELERS PROPERTY CASUALTY CORP.

Ticker:       TVCR           Security ID:  89420G109
Meeting Date: MAR 19, 2004   Meeting Type: Special
Record Date:  FEB 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management


- --------------------------------------------------------------------------------

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  902124106
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director George W. Buckley         For       For        Management
1.4   Elect  Director Brian Duperreault         For       For        Management
1.5   Elect  Director Bruce S. Gordon           For       For        Management
1.6   Elect  Director John A. Krol              For       For        Management
1.7   Elect  Director Mackey J. Mcdonald        For       For        Management
1.8   Elect  Director H. Carl Mccall            For       For        Management
1.9   Elect  Director Brendan R. O'Neill        For       For        Management
1.10  Elect  Director Sandra S. Wijnberg        For       For        Management
1.11  Elect  Director Jerome B. York            For       For        Management
2     Ratify Auditors                           For       For        Management
3     ADOPTION OF THE AMENDED AND RESTATED      For       For        Management
      BYE-LAWS.
4     APPROVAL OF TYCO 2004 STOCK AND INCENTIVE For       For        Management
      PLAN.
5     SHAREHOLDER PROPOSAL REGARDING            For       For        Shareholder
      ENVIRONMENTAL REPORTING.
6     SHAREHOLDER PROPOSAL TO CHANGE TYCO S     Against   Against    Shareholder
      JURISDICTION OF INCORPORATION FROM
      BERMUDA TO A U.S. STATE.
7     SHAREHOLDER PROPOSAL ON  COMMON SENSE     Against   Against    Shareholder
      EXECUTIVE COMPENSATION.


- --------------------------------------------------------------------------------

U.S. BANCORP

Ticker:       USB            Security ID:  902973304
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victoria Buyniski         For       Withhold   Management
      Gluckman
1.2   Elect  Director Arthur D. Collins, Jr.    For       Withhold   Management
1.3   Elect  Director Jerry W. Levin            For       Withhold   Management
1.4   Elect  Director Thomas E. Petry           For       Withhold   Management
1.5   Elect  Director Richard G. Reiten         For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder
4     Submit Executive Compensation to Vote     Against   For        Shareholder
5     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter


- --------------------------------------------------------------------------------

UNISYS CORP.

Ticker:       UIS            Security ID:  909214108
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Henry C. Duques           For       Withhold   Management
1.2   Elect  Director Clayton M. Jones          For       Withhold   Management
1.3   Elect  Director Theodore E. Martin        For       Withhold   Management
1.4   Elect  Director Lawrence A. Weinbach      For       Withhold   Management


- --------------------------------------------------------------------------------

VERIZON COMMUNICATIONS

Ticker:       VZ             Security ID:  92343V104
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James R. Barker           For       Withhold   Management
1.2   Elect  Director Richard L. Carrion        For       Withhold   Management
1.3   Elect  Director Robert W. Lane            For       Withhold   Management
1.4   Elect  Director Sandra O. Moose           For       Withhold   Management
1.5   Elect  Director Joseph Neubauer           For       Withhold   Management
1.6   Elect  Director Thomas H. O'Brien         For       Withhold   Management
1.7   Elect  Director Hugh B. Price             For       Withhold   Management
1.8   Elect  Director Ivan G. Seidenberg        For       Withhold   Management
1.9   Elect  Director Walter V. Shipley         For       Withhold   Management
1.10  Elect  Director John R. Stafford          For       Withhold   Management
1.11  Elect  Director Robert D. Storey          For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   Against    Shareholder
4     Require Majority of Independent Directors Against   Against    Shareholder
      on Board
5     Separate Chairman and CEO Positions       Against   Against    Shareholder
6     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
7     Submit Executive Compensation to Vote     Against   Against    Shareholder
8     Prohibit Awards to Executives             Against   Against    Shareholder
9     Report on Stock Option Distribution by    Against   Abstain    Shareholder
      Race and Gender
10    Report on Political                       Against   Abstain    Shareholder
      Contributions/Activities
11    Cease Charitable Contributions            Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

VIACOM INC.

Ticker:       VIA            Security ID:  925524308
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director George S. Abrams          For       For        Management
1.2   Elect  Director David R. Andelman         For       For        Management
1.3   Elect  Director Joseph A. Califano, Jr.   For       For        Management
1.4   Elect  Director William S. Cohen          For       For        Management
1.5   Elect  Director Philippe P. Dauman        For       For        Management
1.6   Elect  Director Alan C. Greenberg         For       For        Management
1.7   Elect  Director Mel Karmazin              For       For        Management
1.8   Elect  Director Jan Leschly               For       For        Management
1.9   Elect  Director David T. McLaughlin       For       For        Management
1.10  Elect  Director Shari Redstone            For       Withhold   Management
1.11  Elect  Director Sumner M. Redstone        For       Withhold   Management
1.12  Elect  Director Frederic V. Salerno       For       For        Management
1.13  Elect  Director William Schwartz          For       For        Management
1.14  Elect  Director Patty Stonesifer          For       For        Management
1.15  Elect  Director Robert D. Walter          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Amend Non-Employee Director Stock Option  For       For        Management
      Plan


- --------------------------------------------------------------------------------

WASHINGTON MUTUAL, INC

Ticker:       WM             Security ID:  939322103
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Anne V. Farrell           For       For        Management
1.2   Elect  Director Stephen E. Frank          For       For        Management
1.3   Elect  Director Margaret Osmer Mcquade    For       For        Management
1.4   Elect  Director William D. Schulte        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder


- --------------------------------------------------------------------------------

WYETH

Ticker:       WYE            Security ID:  983024100
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Clifford L. Alexander,    For       Withhold   Management
      Jr.
1.2   Elect  Director Frank A. Bennack, Jr.     For       Withhold   Management
1.3   Elect  Director Richard L. Carrion        For       Withhold   Management
1.4   Elect  Director Robert Essner             For       Withhold   Management
1.5   Elect  Director John D. Feerick           For       Withhold   Management
1.6   Elect  Director Robert Langer             For       Withhold   Management
1.7   Elect  Director John P. Mascotte          For       Withhold   Management
1.8   Elect  Director Mary Lake Polan           For       Withhold   Management
1.9   Elect  Director Ivan G. Seidenberg        For       Withhold   Management
1.10  Elect  Director Walter V. Shipley         For       Withhold   Management
1.11  Elect  Director John R. Torell III        For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Report on Drug Pricing                    Against   Abstain    Shareholder
4     Amend Animal Testing Policy               Against   Abstain    Shareholder


- --------------------------------------------------------------------------------

XL CAPITAL LTD (FORMERLY EXEL LTD. )

Ticker:       XL             Security ID:  G98255105
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John Loudon               For       For        Management
1.2   Elect  Director Robert S. Parker          For       For        Management
1.3   Elect  Director Alan Z. Senter            For       For        Management
2     Ratify Auditors                           For       For        Management






                                         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, thereunto duly authorized.

(Registrant):                 Oppenheimer Capital Income Fund

By (Signature and Title)*:    /s/ John V. Murphy
                              ------------------
                              John V. Murphy, President

Date:                         August 26, 2004

*By:  /s/ Tane Tyler
      --------------
      Tane Tyler, Attorney in Fact