N-PX 1 dnpx.htm ANNUAL REPORT OF PROXY VOTING RECORD Annual Report of Proxy Voting Record

 

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: 811-3429
CAPITAL APPRECIATION FUND
(Exact name of registrant as specified in charter)
One Cityplace, Hartford, CT 06103-3415
(Address of principal executive offices) (Zip code)

Elizabeth M. Forget

President

Capital Appreciation Fund

260 Madison Avenue, 10th Floor

New York, NY 10016

(Name and Address of Agent for Service)
Copy to:

Robert N. Hickey, Esq.

Sullivan & Worcester LLP

1666 K Street, N.W.

Washington, D.C. 20006

Registrant’s telephone number, including area code: (800) 848-3854
Date of fiscal year end: December 31
Date of reporting period: July 1, 2004 through June 30, 2005

 

Item 1. Proxy Voting Record.

 

Vote Summary Report

July 01, 2004 - June 30, 2005

 

Capital Appreciation Fund

 

Mtg
Date/Type		    Company/
Ballot Issues		    Security    Mgmt
Rec		    Vote
Cast		    Record
Date		    Prpnent    Shares
Voted
                                    
                                    

 

3M CO

 

Ticker:    MMM    Security ID:    88579Y101
Meeting Date:    MAY 10, 2005    Meeting Type:    Annual
Record Date:    MAR 11, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Vance D. Coffman    For    Withhold    Management
1.2    Elect Director Rozanne L. Ridgway    For    Withhold    Management
1.3    Elect Director Louis W. Sullivan    For    Withhold    Management
2    Ratify Auditors    For    Abstain    Management
3    Approve Omnibus Stock Plan    For    Abstain    Management
4    Eliminate Animal Testing    Against    Abstain    Shareholder
5    Implement China Principles    Against    Abstain    Shareholder

 

ADVANCE AUTO PARTS INC

 

Ticker:    AAP    Security ID:    00751Y106
Meeting Date:    MAY 18, 2005    Meeting Type:    Annual
Record Date:    MAR 30, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director John C. Brouillard    For    For    Management
1.2    Elect Director Lawrence P. Castellani    For    For    Management
1.3    Elect Director Michael N. Coppola    For    For    Management
1.4    Elect Director Darren R. Jackson    For    For    Management
1.5    Elect Director William S. Oglesby    For    For    Management
1.6    Elect Director Gilbert T. Ray    For    For    Management
1.7    Elect Director Carlos A. Saladrigas    For    For    Management
1.8    Elect Director William L. Salter    For    For    Management
1.9    Elect Director Francesca Spinelli, Ph.D.    For    For    Management
1.10    Elect Director Nicholas F. Taubman    For    For    Management
2    Ratify Auditors    For    For    Management
3    Adopt Policy to Prohibit Discrimination based on Sexual Orientation    Against    Abstain    Shareholder

 

Page 1

AES CORP., THE

 

Ticker:    AES    Security ID:    00130H105
Meeting Date:    APR 28, 2005    Meeting Type:    Annual
Record Date:    MAR 3, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Richard Darman    For    For    Management
1.2    Elect Director Paul T. Hanrahan    For    For    Management
1.3    Elect Director Kristina M. Johnson    For    For    Management
1.4    Elect Director John A. Koskinen    For    For    Management
1.5    Elect Director Philip Lader    For    For    Management
1.6    Elect DirectorJohn H. McArthur    For    For    Management
1.7    Elect Director Sandra O. Moose    For    For    Management
1.8    Elect Director Philip A. Odeen    For    For    Management
1.9    Elect Director Charles O. Rossotti    For    For    Management
1.10    Elect Director Sven Sandstrom    For    For    Management
1.11    Elect Director Roger W. Sant    For    For    Management
2    Ratify Auditors    For    For    Management

 

AMERICAN EXPRESS CO.

 

Ticker:    AXP    Security ID:    025816109
Meeting Date:    APR 27, 2005    Meeting Type:    Annual
Record Date:    FEB 28, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Daniel F. Akerson    For    For    Management
1.2    Elect Director Charlene Barshefsky    For    For    Management
1.3    Elect Director William G. Bowen    For    For    Management
1.4    Elect Director Ursula M. Burns    For    For    Management
1.5    Elect Director Kenneth I. Chenault    For    For    Management
1.6    Elect Director Peter R. Dolan    For    For    Management
1.7    Elect Director Vernon E. Jordan, Jr.    For    For    Management
1.8    Elect Director Jan Leschly    For    For    Management
1.9    Elect Director Richard A. McGinn    For    For    Management
1.10    Elect Director Edward D. Miller    For    For    Management
1.11    Elect Director Frank P. Popoff    For    For    Management
1.12    Elect Director Robert D. Walter    For    For    Management
2    Ratify Auditors    For    For    Management
3    Company-Specific—Compensation-Related    Against    Against    Shareholder
4    Report on Political Contributions    Against    Abstain    Shareholder

 

APPLE COMPUTER, INC.

 

Ticker:    AAPL    Security ID:    037833100
Meeting Date:    APR 21, 2005    Meeting Type:    Annual
Record Date:    MAR 1, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Fred D. Anderson    For    For    Management
1.2    Elect Director William V. Campbell    For    For    Management
1.3    Elect Director Millard S. Drexler    For    For    Management
1.4    Elect Director Albert A. Gore, Jr.    For    For    Management
1.5    Elect Director Steven P. Jobs    For    For    Management
1.6    Elect Director Arthur D. Levinson    For    For    Management
1.7    Elect Director Jerome B. York    For    For    Management
2    Approve Executive Incentive Bonus Plan    For    For    Management
3    Amend Omnibus Stock Plan    For    For    Management
4    Amend Qualified Employee Stock Purchase Plan    For    For    Management
5    Ratify Auditors    For    For    Management
6    Performance- Based/Indexed Options    Against    For    Shareholder

 

Page 2

BANK OF AMERICA CORP.

 

Ticker:    BAC    Security ID:    060505104
Meeting Date:    APR 27, 2005    Meeting Type:    Annual
Record Date:    MAR 4, 2005          

 

#    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    Withhold    Management
1.5    Elect Director Paul Fulton    For    For    Management
1.6    Elect Director Charles K. Gifford    For    For    Management
1.7    Elect Director W. Steven Jones    For    For    Management
1.8    Elect Director Kenneth D. Lewis    For    For    Management
1.9    Elect Director Walter E. Massey    For    For    Management
1.10    Elect Director Thomas J. May    For    For    Management
1.11    Elect Director Patricia E. Mitchell    For    For    Management
1.12    Elect Director Edward L. Romero    For    For    Management
1.13    Elect Director Thomas M. Ryan    For    For    Management
1.14    Elect Director O. Temple Sloan, Jr.    For    For    Management
1.15    Elect Director Meredith R. Spangler    For    For    Management
1.16    Elect Director Robert L. Tillman    For    For    Management
1.17    Elect Director Jackie M. Ward    For    For    Management
2    Ratify Auditors    For    For    Management
3    Report on Political Contributions    Against    Against    Shareholder
4    Director Nominee Amendment    Against    Against    Shareholder

 

BERKSHIRE HATHAWAY INC.

 

Ticker:    BRK.A    Security ID:    84670207
Meeting Date:    APR 30, 2005    Meeting Type:    Annual
Record Date:    MAR 2, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Warren E. Buffett    For    For    Management
1.2    Elect Director Charles T. Munger    For    For    Management
1.3    Elect Director Howard G. Buffett    For    For    Management
1.4    Elect Director Malcolm G. Chace    For    For    Management
1.5    Elect Director William H. Gates III    For    For    Management
1.6    Elect Director David S. Gottesman    For    For    Management
1.7    Elect Director Charlotte Guyman    For    For    Management
1.8    Elect Director Donald R. Keough    For    For    Management
1.9    Elect Director Thomas S. Murphy    For    For    Management
1.10    Elect Director Ronald L. Olson    For    For    Management
1.11    Elect Director Walter Scott, Jr.    For    For    Management
2    Amend Articles    For    For    Management
3    Amend Articles    For    For    Management

 

Page 3

EBAY INC.

 

Ticker:    EBAY    Security ID:    278642103
Meeting Date:    JUN 23, 2005    Meeting Type:    Annual
Record Date:    APR 25, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Fred D. Anderson    For    For    Management
1.2    Elect Director Edward W. Barnholt    For    For    Management
1.3    Elect Director Scott D. Cook    For    For    Management
1.4    Elect Director Robert C. Kagle    For    For    Management
2    Approve Executive Incentive Bonus Plan    For    For    Management
3    Increase Authorized Common Stock    For    For    Management
4    Ratify Auditors    For    For    Management
5    Performance- Based/Indexed Options    Against    Against    Shareholder
6    Require a Majority Vote for the Election of Directors    Against    Against    Shareholder

 

ELECTRONIC ARTS INC.

 

Ticker:    ERTS    Security ID:    285512109
Meeting Date:    JUL 29, 2004    Meeting Type:    Annual
Record Date:    JUN 8, 2004          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director M. Richard Asher    For    For    Management
1.2    Elect Director William J. Byron    For    For    Management
1.3    Elect Director Leonard S. Coleman    For    For    Management
1.4    Elect Director Gary M. Kusin    For    For    Management
1.5    Elect Director Gregory B. Maffei    For    For    Management
1.6    Elect Director Timothy Mott    For    For    Management
1.7    Elect Director Robert W. Pittman    For    For    Management
1.8    Elect Director Lawrence F. Probst III    For    For    Management
1.9    Elect Director Linda J. Srere    For    For    Management
2    Amend Omnibus Stock Plan    For    For    Management
3    Amend Employee Stock Purchase Plan    For    For    Management
4    Amend Articles to Consolidate Common Stock    For    For    Management
5    Increase Authorized Common Stock    For    For    Management
6    Ratify Auditors    For    For    Management

 

ENERGIZER HOLDINGS, INC.

 

Ticker:    ENR    Security ID:    29266R108
Meeting Date:    JAN 25, 2005    Meeting Type:    Annual
Record Date:    NOV 19, 2004          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Ward M. Klein    For    For    Management
1.2    Elect Director Richard A. Liddy    For    For    Management
1.3    Elect Director Joe R. Micheletto    For    For    Management
1.4    Elect Director W. Patrick McGinnis    For    For    Management
1.5    Elect Director Bill G. Armstrong    For    For    Management
1.6    Elect Director John C. Hunter    For    For    Management

 

Page 4

FOREST LABORATORIES, INC.

 

Ticker:    FRX    Security ID:    345838106
Meeting Date:    AUG 11, 2004    Meeting Type:    Annual
Record Date:    JUN 21, 2004          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Howard Solomon    For    For    Management
1.2    Elect Director William J. Candee, III    For    For    Management
1.3    Elect Director George S. Cohan    For    For    Management
1.4    Elect Director Dan L. Goldwasser    For    For    Management
1.5    Elect Director Lester B. Salans    For    For    Management
1.6    Elect Director Kenneth E. Goodman    For    For    Management
1.7    Elect Director Phillip M. Satow    For    Withhold    Management
2    Increase Authorized Common Stock    For    For    Management
3    Approve Stock Option Plan    For    For    Management
4    Ratify Auditors    For    Against    Management

 

GENENTECH, INC.

 

Ticker:    DNA    Security ID:    368710406
Meeting Date:    APR 14, 2005    Meeting Type:    Annual
Record Date:    FEB 14, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Herbert W. Boyer    For    Withhold    Management
1.2    Elect Director William M. Burns    For    Withhold    Management
1.3    Elect Director Erich Hunziker    For    Withhold    Management
1.4    Elect Director Jonathan K.C. Knowles    For    Withhold    Management
1.5    Elect Director Arthur D. Levinson    For    Withhold    Management
1.6    Elect Director Charles A. Sanders    For    Withhold    Management
2    Ratify Auditors    For    For    Management

 

GILEAD SCIENCES, INC.

 

Ticker:    GILD    Security ID:    375558103
Meeting Date:    MAY 10, 2005    Meeting Type:    Annual
Record Date:    MAR 22, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Paul Berg    For    For    Management
1.2    Elect Director Etienne F. Davignon    For    For    Management
1.3    Elect Director James M. Denny    For    For    Management
1.4    Elect Director John C. Martin    For    For    Management
1.5    Elect Director Gordon E. Moore    For    For    Management
1.6    Elect Director Nicholas G. Moore    For    For    Management
1.7    Elect Director George P. Shultz    For    For    Management
1.8    Elect Director Gayle E. Wilson    For    For    Management
2    Ratify Auditors    For    For    Management
3    Amend Omnibus Stock Plan    For    For    Management
4    Report on Impact of HIV/AIDS, TB, and Malaria Pandemics    Against    Abstain    Shareholder

 

Page 5

GOLDMAN SACHS GROUP, INC., THE

 

Ticker:    GS    Security ID:    38141G104
Meeting Date:    APR 6, 2005    Meeting Type:    Annual
Record Date:    FEB 7, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director John H. Bryan    For    For    Management
1.2    Elect Director Stephen Friedman    For    For    Management
1.3    Elect Director William W. George    For    For    Management
1.4    Elect Director Henry M. Paulson, Jr.    For    For    Management
2    Declassify the Board of Directors    For    For    Management
3    Ratify Auditors    For    For    Management

 

INVITROGEN CORP.

 

Ticker:    IVGN    Security ID:    46185R100
Meeting Date:    APR 20, 2005    Meeting Type:    Annual
Record Date:    FEB 22, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Balakrishnan S. Iyer    For    For    Management
1.2    Elect Director Ronald A. Matricaria    For    For    Management
1.3    Elect Director W. Ann Reynolds, Ph.D.    For    For    Management
1.4    Elect Director Jay M. Short, Ph.D.    For    For    Management
2    Ratify Auditors    For    For    Management

 

J. C. PENNEY CO., INC (HLDG CO)

 

Ticker:    JCP    Security ID:    708160106
Meeting Date:    MAY 20, 2005    Meeting Type:    Annual
Record Date:    MAR 21, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Thomas J. Engibous    For    For    Management
1.2    Elect Director Kent B. Foster    For    For    Management
1.3    Elect Director Leonard H. Roberts    For    For    Management
1.4    Elect Director Myron E. Ullman, III    For    For    Management
2    Ratify Auditors    For    For    Management
3    Approve Omnibus Stock Plan    For    For    Management
4    Declassify the Board of Directors    Against    Against    Shareholder

 

KOHL’S CORP.

 

Ticker:    KSS    Security ID:    500255104
Meeting Date:    APR 27, 2005    Meeting Type:    Annual
Record Date:    MAR 2, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director James D. Ericson    For    For    Management
1.2    Elect Director William S. Kellogg    For    For    Management
1.3    Elect Director Arlene Meier    For    For    Management
1.4    Elect Director R. Elton White    For    For    Management
2    Ratify Auditors    For    For    Management
3    Declassify the Board of Directors    Against    Against    Shareholder
4    Submit Severance Agreement (Change-in-Control) to Shareholder Vote    Against    For    Shareholder

 

Page 6

LOCKHEED MARTIN CORP.

 

Ticker:    LMT    Security ID:    539830109
Meeting Date:    APR 28, 2005    Meeting Type:    Annual
Record Date:    MAR 1, 2005          

 

#    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 Marcus C. Bennett    For    For    Management
1.4    Elect Director James O. Ellis, Jr.    For    For    Management
1.5    Elect Director Gwendolyn S. King    For    For    Management
1.6    Elect Director Douglas H. McCorkindale    For    For    Management
1.7    Elect Director Eugene F. Murphy    For    For    Management
1.8    Elect Director Joseph W. Ralston    For    Withhold    Management
1.9    Elect Director Frank Savage    For    Withhold    Management
1.10    Elect Director Anne Stevens    For    For    Management
1.11    Elect Director Robert J. Stevens    For    For    Management
1.12    Elect Director James R. Ukropina    For    For    Management
1.13    Elect Director Douglas C. Yearley    For    For    Management
2    Ratify Auditors    For    For    Management
3    Amend Omnibus Stock Plan    For    For    Management
4    Performance-Based/Indexed Options    Against    Against    Shareholder
5    Adopt Simple Majority Vote Requirement for All Issues    Against    For    Shareholder
6    Report on Pay Disparity    Against    Abstain    Shareholder
7    and amend its code of conduct and policies related to bidding Review Code of Conduct on Military Contracts    Against    Abstain    Shareholder

 

MURPHY OIL CORP.

 

Ticker:    MUR    Security ID:    626717102
Meeting Date:    MAY 11, 2005    Meeting Type:    Annual
Record Date:    MAR 15, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Frank W. Blue    For    For    Management
1.2    Elect Director George S. Dembroski    For    For    Management
1.3    Elect Director Claiborne P. Deming    For    For    Management
1.4    Elect Director Robert A. Hermes    For    For    Management
1.5    Elect Director R. Madison Murphy    For    For    Management
1.6    Elect Director William C. Nolan, Jr.    For    For    Management
1.7    Elect Director Ivar B. Ramberg    For    For    Management
1.8    Elect Director Neal E. Schmale    For    For    Management
1.9    Elect Director David J.H. Smith    For    For    Management
1.10    Elect Director Caroline G. Theus    For    For    Management
2    Increase Authorized Common Stock    For    For    Management
3    Ratify Auditors    For    For    Management

 

Page 7

NIKE, INC.

 

Ticker:    NKE    Security ID:    654106103
Meeting Date:    SEP 20, 2004    Meeting Type:    Annual
Record Date:    JUL 26, 2004          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Jill K. Conway    For    For    Management
1.2    Elect Director Alan B. Graf, Jr.    For    For    Management
1.3    Elect Director Jeanne P. Jackson    For    For    Management
2    Ratify Auditors    For    For    Management

 

NVIDIA CORPORATION

 

Ticker:    NVDA    Security ID:    67066G104
Meeting Date:    AUG 19, 2004    Meeting Type:    Annual
Record Date:    JUN 30, 2004          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director James C. Gaither    For    Withhold    Management
1.2    Elect Director Jen-Hsun Huang    For    Withhold    Management
1.3    Elect Director A. Brooke Seawell    For    Withhold    Management
2    Ratify Auditors    For    Abstain    Management

 

OUTBACK STEAKHOUSE, INC.

 

Ticker:    OSI    Security ID:    689899102
Meeting Date:    APR 27, 2005    Meeting Type:    Annual
Record Date:    MAR 4, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Robert D. Basham    For    For    Management
1.2    Elect Director W. R. Carey, Jr    For    For    Management
1.3    Elect Director General (Ret) Tommy Franks    For    For    Management
1.4    Elect Director Toby S.Wilt    For    For    Management
2    Amend Stock Option Plan    For    Against    Management
3    Other Business    For    Against    Management

 

QUALCOMM INC.

 

Ticker:    QCOM    Security ID:    747525103
Meeting Date:    MAR 8, 2005    Meeting Type:    Annual
Record Date:    JAN 7, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Robert E. Kahn    For    For    Management
1.2    Elect Director Duane A. Nelles    For    Withhold    Management
1.3    Elect Director Brent Scowcroft    For    For    Management
2    Declassify the Board of Directors and Eliminate Cumulative Voting    For    For    Management
3    Increase Authorized Common Stock    For    For    Management
4    Amend Articles    For    For    Management
5    Ratify Auditors    For    For    Management

 

Page 8

ROCHE HOLDING AG

 

Ticker:    RHHBY    Security ID:    H69293217
Meeting Date:    FEB 28, 2005    Meeting Type:    Annual
Record Date:               

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1    Accept Financial Statements and Statutory Reports    For    Did Not Vote    Management
2    Approve Discharge of Board and Senior Management    For    Did Not Vote    Management
3    Approve Allocation of Income and Dividends of CHF 2.00 per Share    For    Did Not Vote    Management
4.1    Reelect John Bell as Director    For    Did Not Vote    Management
4.2    Reelect Andre Hoffmann as Director    For    Did Not Vote    Management
4.3    Reelect Franz Humer as Director    For    Did Not Vote    Management
5    Ratify KPMG Klynveld Peat Marwick Goerdeler SA as Auditors    For    Did Not Vote    Management

 

SLM CORP.

 

Ticker:    SLM    Security ID:    78442P106
Meeting Date:    MAY 19, 2005    Meeting Type:    Annual
Record Date:    MAR 21, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Charles L. Daley    For    For    Management
1.2    Elect Director William M. Diefenderfer, III    For    For    Management
1.3    Elect Director Thomas J. Fitzpatrick    For    For    Management
1.4    Elect Director Diane Suitt Gilleland    For    For    Management
1.5    Elect Director Earl A. Goode    For    For    Management
1.6    Elect Director Ann Torre Grant    For    For    Management
1.7    Elect Director Ronald F. Hunt    For    For    Management
1.8    Elect Director Benjamin J. Lambert, III    For    For    Management
1.9    Elect Director Albert L. Lord    For    For    Management
1.10    Elect Director Barry A. Munitz    For    For    Management
1.11    Elect Director A. Alexander Porter, Jr.    For    For    Management
1.12    Elect Director Wolfgang Schoellkopf    For    For    Management
1.13    Elect Director Steven L. Shapiro    For    For    Management
1.14    Elect Director Barry L. Williams    For    For    Management
2    Amend Omnibus Stock Plan    For    For    Management
3    Ratify Auditors    For    For    Management

 

Page 9

STAPLES, INC.

 

Ticker:    SPLS    Security ID:    855030102
Meeting Date:    JUN 13, 2005    Meeting Type:    Annual
Record Date:    APR 19, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Brenda C. Barnes    For    For    Management
1.2    Elect Director Mary Elizabeth Burton    For    For    Management
1.3    Elect Director Richard J. Currie    For    For    Management
1.4    Elect Director Rowland T. Moriarty    For    For    Management
2    Amend Omnibus Stock Plan    For    For    Management
3    Ratify Auditors    For    For    Management
4    Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote    Against    Against    Shareholder

 

SUNCOR ENERGY INC

 

Ticker:    SU.    Security ID:    867229106
Meeting Date:    APR 28, 2005    Meeting Type:    Annual/Special
Record Date:    FEB 28, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Mel E. Benson    For    For    Management
1.2    Elect Director Brian A. Canfield    For    For    Management
1.3    Elect Director Bryan P. Davies    For    For    Management
1.4    Elect Director Brian A. Felesky    For    For    Management
1.5    Elect Director John T. Ferguson    For    For    Management
1.6    Elect Director W. Douglas Ford    For    For    Management
1.7    Elect Director Richard L. George    For    For    Management
1.8    Elect Director John R. Huff    For    For    Management
1.9    Elect Director Robert W. Korthals    For    For    Management
1.10    Elect Director M. Ann McCaig    For    For    Management
1.11    Elect Director Michael W. O’Brien    For    For    Management
1.12    Elect Director JR Shaw    For    For    Management
2    Ratify PricewaterhouseCoopers LLP as Auditors    For    For    Management
3    Amend Shareholder Rights Plan (Poison Pill)    For    For    Management

 

TEXAS INSTRUMENTS INC.

 

Ticker:    TXN    Security ID:    882508104
Meeting Date:    APR 21, 2005    Meeting Type:    Annual
Record Date:    FEB 22, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director James R. Adams    For    For    Management
1.2    Elect Director David L. Boren    For    For    Management
1.3    Elect Director Daniel A. Carp    For    For    Management
1.4    Elect Director Carrie S. Cox    For    For    Management
1.5    Elect Director Thomas J. Engibous    For    For    Management
1.6    Elect Director Gerald W. Fronterhouse    For    For    Management
1.7    Elect Director David R. Goode    For    For    Management
1.8    Elect Director Pamela H. Patsley    For    For    Management
1.9    Elect Director Wayne R. Sanders    For    For    Management
1.10    Elect Director Ruth J. Simmons    For    For    Management
1.11    Elect Director Richard K. Templeton    For    For    Management
1.12    Elect Director Christine T. Whitman    For    For    Management
2    Ratify Auditors    For    For    Management
3    Approve Qualified Employee Stock Purchase Plan    For    For    Management
4    Amend Stock Option Plan    For    For    Management

 

Page 10

UNITEDHEALTH GROUP INCORPORATED

 

Ticker:    UNH    Security ID:    91324P102
Meeting Date:    MAY 3, 2005    Meeting Type:    Annual
Record Date:    MAR 7, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Thomas H. Kean    For    For    Management
1.2    Elect Director Robert L. Ryan    For    For    Management
1.3    Elect Director William G. Spears    For    For    Management
1.4    Elect Director Gail R. Wilensky, Ph.D.    For    For    Management
2    Ratify Auditors    For    For    Management
3    Performance- Based/Indexed Options    Against    For    Shareholder
4    Performance- Based/Indexed Options    Against    For    Shareholder

 

VODAFONE GROUP PLC

 

Ticker:    VOD    Security ID:    92857W100
Meeting Date:    JUL 27, 2004    Meeting Type:    Annual
Record Date:    JUN 11, 2004          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1    TO RECEIVE THE REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS    For    Abstain    Management
2    TO APPROVE THE REMUNERATION REPORT    For    Abstain    Management
3    TO RE-ELECT PETER BAMFORD AS A DIRECTOR    For    Abstain    Management
4    TO RE-ELECT JULIAN HORN-SMITH AS A DIRECTOR    For    Abstain    Management
5    TO RE-ELECT SIR DAVID SCHOLEY AS A DIRECTOR (MEMBER OF THE NOMINATIONS AND GOVERNANCE AND AUDIT COMMITTEE)    For    Abstain    Management
6    TO ELECT LUC VANDEVELDE AS A DIRECTOR (MEMBER OF THE REMUNERATION COMMITTEE)    For    Abstain    Management
7    TO APPROVE A FINAL DIVIDEND OF 1.07800 PENCE PER ORDINARY SHARE    For    Abstain    Management
8    Ratify Auditors    For    Abstain    Management
9    TO AUTHORIZE THE AUDIT COMMITTEE TO DETERMINE THE AUDITORS REMUNERATION    For    Abstain    Management
10    TO AUTHORIZE DONATIONS UNDER THE POLITICAL PARTIES, ELECTIONS AND REFERENDUMS ACT 2000    For    Abstain    Management
11    TO RENEW AUTHORITY TO ALLOT SHARES UNDER ARTICLE 16.2 OF THE COMPANY S ARTICLES OF ASSOCIATION    For    Abstain    Management
12    TO RENEW AUTHORITY TO DISAPPLY PRE-EMPTION RIGHTS UNDER ARTICLE 16.3 OF THE COMPANY S ARTICLES OF ASSOCIATION+    For    Abstain    Management
13    TO AUTHORIZE THE COMPANY S PURCHASE OF ITS OWN SHARES+    For    Abstain    Management
14    TO AUTHORIZE THE COMPANY S PURCHASE OF ITS OWN SHARES PURSUANT TO CONTINGENT PURCHASE CONTRACTS AND OFF-MARKET PURCHASES+    For    Abstain    Management

 

Page 11

WELLS FARGO & COMPANY

 

Ticker:    WFC    Security ID:    949746101
Meeting Date:    APR 26, 2005    Meeting Type:    Annual
Record Date:    MAR 8, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director J.A. Blanchard III    For    For    Management
1.2    Elect Director Susan E. Engel    For    For    Management
1.3    Elect Director Enrique Hernandez, Jr.    For    For    Management
1.4    Elect Director Robert L. Joss    For    For    Management
1.5    Elect Director Reatha Clark King    For    For    Management
1.6    Elect Director Richard M. Kovacevich    For    For    Management
1.7    Elect Director Richard D. McCormick    For    For    Management
1.8    Elect Director Cynthia H. Milligan    For    Withhold    Management
1.9    Elect Director Philip J. Quigley    For    For    Management
1.10    Elect Director Donald B. Rice    For    Withhold    Management
1.11    Elect Director Judith M. Runstad    For    Withhold    Management
1.12    Elect Director Stephen W. Sanger    For    For    Management
1.13    Elect Director Susan G. Swenson    For    For    Management
1.14    Elect Director Michael W. Wright    For    Withhold    Management
2    Amend Omnibus Stock Plan    For    For    Management
3    Ratify Auditors    For    For    Management
4    Adopt Policy on Payday Lenders    Against    Abstain    Shareholder
5    Link Executive Compensation to Predatory Lending    Against    Abstain    Shareholder
6    Performance- Based/Indexed Options    Against    For    Shareholder
7    Limit Executive Compensation    Against    Against    Shareholder
8    Separate Chairman and CEO Positions    Against    For    Shareholder

 

XM SATELLITE RADIO HOLDINGS INC.

 

Ticker:    XMSR    Security ID:    983759101
Meeting Date:    MAY 26, 2005    Meeting Type:    Annual
Record Date:    APR 8, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Gary M. Parsons    For    For    Management
1.2    Elect Director Hugh Panero    For    For    Management
1.3    Elect Director Nathaniel A. Davis    For    For    Management
1.4    Elect Director Thomas J. Donohue    For    For    Management
1.5    Elect Director Eddy W. Hartenstein    For    For    Management
1.6    Elect Director George W. Haywood    For    For    Management
1.7    Elect Director Chester A. Huber, Jr.    For    For    Management
1.8    Elect Director John Mendel    For    For    Management
1.9    Elect Director Jarl Mohn    For    For    Management
1.10    Elect Director Pierce J. Roberts, Jr.    For    For    Management
1.11    Elect Director Jack Shaw    For    For    Management
2    Ratify Auditors    For    For    Management

 

Page 12

YAHOO!, INC.

 

Ticker:    YHOO    Security ID:    984332106
Meeting Date:    MAY 19, 2005    Meeting Type:    Annual
Record Date:    MAR 23, 2005          

 

#    Proposal    Mgt
Rec		    Vote
Cast		    Sponsor
1.1    Elect Director Terry S. Semel    For    For    Management
1.2    Elect Director Jerry Yang    For    For    Management
1.3    Elect Director Roy J. Bostock    For    For    Management
1.4    Elect Director Ronald W. Burkle    For    For    Management
1.5    Elect Director Eric Hippeau    For    For    Management
1.6    Elect Director Arthur H. Kern    For    For    Management
1.7    Elect Director Robert A. Kotick    For    For    Management
1.8    Elect Director Edward R. Kozel    For    For    Management
1.9    Elect Director Gary L. Wilson    For    For    Management
2    Amend Omnibus Stock Plan    For    For    Management
3    Amend Non-Employee Director Stock Option Plan    For    For    Management
4    Ratify Auditors    For    For    Management

 

Page 13

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.

 

CAPITAL APPRECIATION FUND

By:

  

/s/ Elizabeth M. Forget

   

Elizabeth M. Forget

   

President

 

Date: August 26, 2005