FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-5693

Putnam Europe Equity Fund
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  (Exact name of registrant as specified in charter)

One Post Office Square

Boston, Massachusetts 02109
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  (Address of principal executive offices)

Beth S. Mazor, Vice President

Putnam Europe Equity Fund

One Post Office Square

Boston, Massachusetts 02109



Copy to:

John W. Gerstmayr, Esq.

Ropes & Gray LLP

One International Place

Boston, Massachusetts 02110
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  (Name and address of agent for service)


Registrant's telephone number, including area code: (617) 292-1000

Date of Fiscal year-end: 6/30/2005

Date of reporting period: 7/1/2004 - 6/30/2005

Item 1. Proxy Voting Record

Account Number: Putnam Europe Equity Fund

ISSUER NAME		TICKER	CUSIP	MTG DATE	MTG TYPE
				Proposal Type	Voted	Vote	For/Agnst Mgmt
3i Group PLC			0888693	7/7/04	Annual
1.00	Approve Financial Statements			MGMT	YES	FOR	FOR
2.00	Approve Remuneration Policy			MGMT	YES	FOR	FOR
3.00	Set Final Dividend at 8.90p			MGMT	YES	FOR	FOR
4.00	Elect Baroness Sarah E.M. Hogg			MGMT	YES	FOR	FOR
5.00	Elect Philip Edward Yea			MGMT	YES	FOR	FOR
6.00	Appoint Outside Auditors			MGMT	YES	FOR	FOR
7.00	Set Auditors' Fees			MGMT	YES	FOR	FOR
8.00	Approve Directors for Stock Opt/Purchase Plan			MGMT	YES	FOR	FOR
9.00	Issue Stock w/ Preemptive Rights			MGMT	YES	FOR	FOR
10.00	Issue Stock w/o Preemptive Rights			MGMT	YES	FOR	FOR
11.00	Authorize Share Repurchase			MGMT	YES	FOR	FOR
Ahold (Koninklijke) NV		AHLN	N0139V100	5/18/05	Annual
2.00	NV -- Receive statutory reports			MGMT	NO
3.01	Approve financial statements			MGMT	NO
3.02	NV -- Misc non-U.S. mgt. non-voting			MGMT	NO
4.01	Elect Derk C. Doijer			MGMT	NO
4.02	Elect Myra M. Hart			MGMT	NO
4.03	Elect Benno Hoogendoorn			MGMT	NO
4.04	Elect Stephanie M. Shern			MGMT	NO
5.00	Approve supervisory board/corp. assembly fees			MGMT	NO
6.01	Issue stock w/ preemptive rights			MGMT	NO
6.02	Issue stock w/o preemptive rights			MGMT	NO
7.00	Authorize share repurchase			MGMT	NO
8.00	Consider other business			MGMT	NO
Allied Irish Banks			G02072117	4/27/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Set dividend/allocate profits			MGMT	YES	FOR	FOR
3.01	Elect Michael D. Buckley			MGMT	YES	AGNST	AGNST
3.02	Elect Adrian Burke			MGMT	YES	AGNST	AGNST
3.03	Elect Kieren Crowley			MGMT	YES	AGNST	AGNST
3.04	Elect Colm Doherty			MGMT	YES	AGNST	AGNST
3.05	Elect Padraic M. Fallon			MGMT	YES	AGNST	AGNST
3.06	Elect Dermot J. Gleeson			MGMT	YES	AGNST	AGNST
3.07	Elect Don Godson			MGMT	YES	AGNST	AGNST
3.08	Elect Derek A. Higgs			MGMT	YES	AGNST	AGNST
3.09	Elect Gary Kennedy			MGMT	YES	AGNST	AGNST
3.10	Elect John B. McGuckian			MGMT	YES	AGNST	AGNST
3.11	Elect Aidan McKeon			MGMT	YES	AGNST	AGNST
3.12	Elect Jim O'Leary			MGMT	YES	AGNST	AGNST
3.13	Elect Michael J. Sullivan			MGMT	YES	AGNST	AGNST
3.14	Elect Robert G. Wilmers			MGMT	YES	AGNST	AGNST
3.15	Elect Jenny Winter			MGMT	YES	AGNST	AGNST
4.00	Set auditors' fees			MGMT	YES	FOR	FOR
5.00	Authorize share repurchase			MGMT	YES	FOR	FOR
6.00	Set price of reissued treasury stock			MGMT	YES	FOR	FOR
7.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
8.00	Approve executive profit sharing/bonus plan			MGMT	YES	FOR	FOR
9.00	Remove auditors			SHLDR	YES	AGNST	FOR
10.00	Elect dissident director(s)			SHLDR	YES	AGNST	FOR
Altadis SA		ALD	E0432C106	6/28/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
	Set Dividend at 0.90
2.00	Election of directors by slate			MGMT	YES	AGNST	AGNST
3.00	Appoint outside auditors			MGMT	YES	FOR	FOR
4.00	Amend articles to reflect regulatory changes			MGMT	YES	ABSTAIN	AGNST
5.00	Reduce authorized capital			MGMT	YES	ABSTAIN	AGNST
6.00	Authorize share repurchase			MGMT	YES	FOR	FOR
7.00	Issue debt instruments			MGMT	YES	ABSTAIN	AGNST
8.00	Approve executive profit sharing/bonus plan			MGMT	YES	ABSTAIN	AGNST
9.00	Authorize legal formalities			MGMT	YES	FOR	FOR
ASSA ABLOY		ASSA	W0817X105	4/27/05	Annual
1.00	Opening of meeting			MGMT	NO
2.00	Elect chairman of the meeting			MGMT	NO
3.00	Approval of the voting list			MGMT	NO
4.00	Approve the agenda			MGMT	NO
5.00	Elect people to check the minutes			MGMT	NO
6.00	Question of whether the meeting was correctly summoned			MGMT	NO
7.00	Receive managing director's report			MGMT	NO
8.00	Present statutory report			MGMT	NO
9.01	Approve financial statements			MGMT	NO
9.02	Set Final Dividend at 2.60			MGMT	NO
9.03	Authorize legal formalities			MGMT	NO
9.04	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
10.00	Set board/supervisory board size limits			MGMT	NO
11.00	Approve directors' fees			MGMT	NO
12.00	Election of directors by slate			MGMT	NO
13.00	Elect board committee			MGMT	NO
14.00	Closing of meeting			MGMT	NO
AstraZeneca		AZN	G0593M107	4/28/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Set Final Dividend at 34.30p			MGMT	YES	FOR	FOR
3.00	Appoint outside auditors			MGMT	YES	FOR	FOR
4.00	Set auditors' fees			MGMT	YES	FOR	FOR
5.01	Elect Louis Schweitzer			MGMT	YES	FOR	FOR
5.02	Elect Hakan Mogren			MGMT	YES	FOR	FOR
5.03	Elect Sir Thomas F. McKillop			MGMT	YES	FOR	FOR
5.04	Elect Jonathan Symonds			MGMT	YES	FOR	FOR
5.05	Elect John Patterson			MGMT	YES	FOR	FOR
5.06	Elect David Brennan			MGMT	YES	FOR	FOR
5.07	Elect Sir Peter Bonfield			MGMT	YES	FOR	FOR
5.08	Elect John Buchanan			MGMT	YES	FOR	FOR
5.09	Elect Jane E. Henney			MGMT	YES	FOR	FOR
5.10	Elect Michele J. Hooper			MGMT	YES	FOR	FOR
5.11	Elect Joe Jimenez			MGMT	YES	FOR	FOR
5.12	Elect Erna Moller			MGMT	YES	FOR	FOR
5.13	Elect Dame Bridget Ogilvie			MGMT	YES	FOR	FOR
5.14	Elect Marcus Wallenberg			MGMT	YES	FOR	FOR
6.00	Approve remuneration policy			MGMT	YES	FOR	FOR
7.00	Approve executive profit sharing/bonus plan			MGMT	YES	FOR	FOR
8.00	Approve political donation			MGMT	YES	FOR	FOR
9.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
10.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
11.00	Authorize share repurchase			MGMT	YES	FOR	FOR
Autoroutes du Sud de La France			F05334101	5/12/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Set Dividend at 1.04			MGMT	NO
3.00	Authorize legal formalities			MGMT	NO
4.00	Approve use/transfer of reserves			MGMT	NO
5.00	Approve financial statements			MGMT	NO
6.00	Approve related party transactions			MGMT	NO
7.00	Authorize trade in company stock			MGMT	NO
8.00	Reduce authorized capital			MGMT	NO
9.00	Approve directors' fees			MGMT	NO
10.00	Elect directors - other markets			MGMT	NO
11.00	Elect directors - other markets			MGMT	NO
12.00	Authorize legal formalities			MGMT	NO
13.00	Issue stock w/o preemptive rights			MGMT	NO
14.00	Issue stock w/o preemptive rights			MGMT	NO
15.00	Amend company purpose			MGMT	NO
16.00	Amend articles--technical			MGMT	NO
17.00	Amend articles--technical			MGMT	NO
18.00	Amend articles--technical			MGMT	NO
19.00	Amend articles--technical			MGMT	NO
20.00	Amend articles--technical			MGMT	NO
21.00	Amend board powers/procedures/qualifications			MGMT	NO
22.00	Amend board powers/procedures/qualifications			MGMT	NO
23.00	Amend meeting procedures/change date			MGMT	NO
24.00	Amend meeting procedures/change date			MGMT	NO
25.00	Authorize legal formalities			MGMT	NO
Barclays PLC			G08036124	4/28/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve remuneration policy			MGMT	YES	FOR	FOR
3.00	Elect Andrew Likierman			MGMT	YES	FOR	FOR
4.00	Elect Richard Clifford			MGMT	YES	FOR	FOR
5.00	Elect Matthew William Barrett			MGMT	YES	FOR	FOR
6.00	Elect John Silvester Varley			MGMT	YES	FOR	FOR
7.00	Elect T. David Guy Arculus			MGMT	YES	FOR	FOR
8.00	Elect Sir Anthony Nigel Rudd			MGMT	YES	FOR	FOR
9.00	Appoint outside auditors			MGMT	YES	FOR	FOR
10.00	Set auditors' fees			MGMT	YES	FOR	FOR
11.00	Approve executive profit sharing/bonus plan			MGMT	YES	FOR	FOR
12.00	Approve option/purchase plan - overseas employees			MGMT	YES	FOR	FOR
13.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
14.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
15.00	Authorize share repurchase			MGMT	YES	FOR	FOR
BASF AG			D06216101	4/28/05	Annual
1.00	NV -- Receive statutory reports			MGMT	NO
2.00	Set Dividend at 1.70			MGMT	NO
3.00	Ratify board acts-symbolic			MGMT	NO
4.00	Ratify management acts-symbolic			MGMT	NO
5.00	Appoint outside auditors			MGMT	NO
6.00	Authorize share repurchase			MGMT	NO
	Reissuance of shares/treasury stock
7.00	Authorize share repurchase			MGMT	NO
8.00	Amend meeting procedures/change date			MGMT	NO
BNP Paribas			F1058Q238	5/18/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Set Final Dividend at 2.00			MGMT	NO
4.00	Approve related party transactions			MGMT	NO
5.00	Authorize trade in company stock			MGMT	NO
6.00	Elect Jean-Francois LePetit			MGMT	NO
7.00	Elect Gerhard Cromme			MGMT	NO
8.00	Elect Francois Grappotte			MGMT	NO
9.00	Elect Helene Ploix			MGMT	NO
10.00	Elect Baudouin Prot			MGMT	NO
11.00	Elect Loyola de Palacio del Valle-Lersundi			MGMT	NO
12.00	Approve directors' fees			MGMT	NO
13.00	Authorize legal formalities			MGMT	NO
14.00	Approve stock option grant			MGMT	NO
15.00	Issue stock w/o preemptive rights			MGMT	NO
16.00	Reduce authorized capital			MGMT	NO
17.00	Amend board powers/procedures/qualifications			MGMT	NO
18.00	Authorize legal formalities			MGMT	NO
Burberry Group			3174300	7/20/04	Annual
1.00	Approve Financial Statements			MGMT	YES	FOR	FOR
2.00	Approve Remuneration Policy			MGMT	YES	FOR	FOR
3.00	Set Final Dividend at 3.00p			MGMT	YES	FOR	FOR
4.00	Elect Stacey Cartwright			MGMT	YES	AGNST	AGNST
5.00	Elect John Wilfred Peace			MGMT	YES	AGNST	AGNST
6.00	Elect Guy Peyrelongue			MGMT	YES	AGNST	AGNST
7.00	Appoint Outside Auditors			MGMT	YES	FOR	FOR
8.00	Set Auditors' Fees			MGMT	YES	FOR	FOR
9.00	Approve Political Donation			MGMT	YES	AGNST	AGNST
10.00	Approve Political Donation			MGMT	YES	AGNST	AGNST
11.00	Authorize Share Repurchase			MGMT	YES	FOR	FOR
12.00	Issue Stock w/ Preemptive Rights			MGMT	YES	FOR	FOR
13.00	Issue Stock w/o Preemptive Rights			MGMT	YES	FOR	FOR
14.00	Issue Stock w/o Preemptive Rights			MGMT	YES	FOR	FOR
15.00	Approve Executive Profit Sharing/Bonus Plan			MGMT	YES	FOR	FOR
Burberry Group			3174300	12/20/04	Special
1.00	Authorize Share Repurchase			MGMT	YES	FOR	FOR
Business Objects		BOBJ	F12338103	6/7/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Set Final Dividend at 0.00			MGMT	NO
4.00	Elect Gerald Held			MGMT	NO
5.00	Elect Carl Pascarella			MGMT	NO
6.00	Appoint outside auditors			MGMT	NO
7.00	Approve related party transactions			MGMT	NO
8.00	Approve directors' fees			MGMT	NO
9.00	Authorize trade in company stock			MGMT	NO
10.00	Reduce authorized capital			MGMT	NO
11.00	Approve stock option grant			MGMT	NO
12.00	Approve stock option grant			MGMT	NO
13.00	Approve stock award			MGMT	NO
14.00	Issue stock w/o preemptive rights			MGMT	NO
15.00	Approve stock award			MGMT	NO
16.00	Amend shareholder disclosure rules			MGMT	NO
17.00	Amend shareholder disclosure rules			MGMT	NO
18.00	Amend articles--technical			MGMT	NO
19.00	Authorize legal formalities			MGMT	NO
Christian Dior SA		CDI	F26334106	5/12/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Approve related party transactions			MGMT	NO
4.00	Approve use/transfer of reserves			MGMT	NO
5.00	Set Dividend at 0.89			MGMT	NO
6.00	Elect directors - other markets			MGMT	NO
7.00	Elect directors - other markets			MGMT	NO
8.00	Elect directors - other markets			MGMT	NO
9.00	Approve directors' fees			MGMT	NO
10.00	Authorize trade in company stock			MGMT	NO
11.00	Reduce authorized capital			MGMT	NO
12.00	Increase authorized capital			MGMT	NO
13.00	Increase authorized capital			MGMT	NO
14.00	Issue stock w/o preemptive rights			MGMT	NO
15.00	Issue stock w/o preemptive rights			MGMT	NO
16.00	Issue stock w/o preemptive rights			MGMT	NO
17.00	Amend articles to reflect regulatory changes			MGMT	NO
Credit Agricole SA		ACA	F22797108	5/18/05	Annual
1.00	Approve use/transfer of reserves			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Approve financial statements			MGMT	NO
4.00	Set Final Dividend at 0.66			MGMT	NO
5.00	Approve related party transactions			MGMT	NO
6.00	Elect Alain David			MGMT	NO
7.00	Elect Philippe Camus			MGMT	NO
8.00	Elect Rene Carron			MGMT	NO
9.00	Elect Alain Dieval			MGMT	NO
10.00	Elect Daniel Lebegue			MGMT	NO
11.00	Elect Michel Michaut			MGMT	NO
12.00	Elect Jean-Claude Pichon			MGMT	NO
13.00	Elect Xavier Fontanet			MGMT	NO
14.00	Elect Corrado Passera			MGMT	NO
15.00	Approve directors' fees			MGMT	NO
16.00	Authorize trade in company stock			MGMT	NO
17.00	Issue stock w/ preemptive rights			MGMT	NO
	Increase authorized capital
18.00	Increase authorized capital			MGMT	NO
	Issue stock w/o preemptive rights
19.00	Increase authorized capital			MGMT	NO
20.00	Issue stock w/o preemptive rights			MGMT	NO
21.00	Issue stock w/o preemptive rights			MGMT	NO
22.00	Issue stock w/o preemptive rights			MGMT	NO
23.00	Reduce authorized capital			MGMT	NO
24.00	Amend shareholder disclosure rules			MGMT	NO
25.00	Authorize legal formalities			MGMT	NO
Credit Suisse Group			H3698D419	4/29/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Ratify board acts-legal			MGMT	NO
3.00	Set Dividend at 1.50			MGMT	NO
4.00	Authorize share repurchase			MGMT	NO
5.01	Elect Peter Brabeck-Letmathe			MGMT	NO
5.02	Elect Thomas W. Bechtler			MGMT	NO
5.03	Elect Robert H. Benmosche			MGMT	NO
5.04	Elect Ernst Tanner			MGMT	NO
5.05	Elect Jean Lanier			MGMT	NO
5.06	Elect Anton van Rossum			MGMT	NO
5.07	Appoint outside auditors			MGMT	NO
5.08	Appoint appraiser/special auditor			MGMT	NO
6.00	Increase authorized capital			MGMT	NO
	Issue stock w/o preemptive rights
CRH PLC			G25508105	5/4/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Set dividend/allocate profits			MGMT	YES	FOR	FOR
3.01	Elect Tom W. HIll			MGMT	YES	FOR	FOR
3.02	Elect David M. Kennedy			MGMT	YES	FOR	FOR
3.03	Elect Kieran McGowan			MGMT	YES	FOR	FOR
3.04	Elect Anthony O'Brien			MGMT	YES	FOR	FOR
3.05	Elect John L. Wittstock			MGMT	YES	FOR	FOR
3.06	Elect Nicky Hartery			MGMT	YES	FOR	FOR
3.07	Elect Joyce O'Connor			MGMT	YES	FOR	FOR
4.00	Set auditors' fees			MGMT	YES	FOR	FOR
5.00	Approve directors' fees			MGMT	YES	FOR	FOR
6.00	Authorize share repurchase			MGMT	YES	FOR	FOR
7.00	Set price of reissued treasury stock			MGMT	YES	FOR	FOR
8.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
Ericsson (Telefonaktiebolaget)			5959378	8/31/04	Special
1.00	Amend Share Class Rights			MGMT	NO
2.00	Remove Multiple-voting Rights			SHLDR	NO
Ericsson (Telefonaktiebolaget)			W26049119	4/6/05	Annual
1.10	Approve financial statements			MGMT	NO
1.20	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
1.30	Set Final Dividend at 0.25			MGMT	NO
2.00	Set board/supervisory board size limits			MGMT	NO
3.00	Approve directors' fees			MGMT	NO
4.00	Election of directors by slate			MGMT	NO
5.00	Set auditors' fees			MGMT	NO
6.00	Elect board committee			MGMT	NO
7.01	Approve executive profit sharing/bonus plan			MGMT	NO
7.02	Reissuance of shares/treasury stock			MGMT	NO
8.00	Reissuance of shares/treasury stock			MGMT	NO
France Telecom			5176177	9/1/04	Special
1.00	Approve Merger/Acquisition			MGMT	NO
2.00	Authorize Legal Formalities			MGMT	NO
3.00	Authorize Legal Formalities			MGMT	NO
4.00	Increase Authorized Capital			MGMT	NO
	Issue Stock w/o Preemptive Rights
5.00	Approve Stock Option Grants			MGMT	NO
6.00	Approve Stock Purchase Plan/SAYE/AESOP			MGMT	NO
7.00	Amend Previous Authority			MGMT	NO
8.00	Authorize Legal Formalities			MGMT	NO
France Telecom			F4113C103	4/22/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Set Dividend at 0.48			MGMT	NO
4.00	Approve use/transfer of reserves			MGMT	NO
5.00	Approve related party transactions			MGMT	NO
6.00	Elect Didier Lombard			MGMT	NO
7.00	Elect Didier Lombard			MGMT	NO
8.00	Elect Marcel Roulet			MGMT	NO
9.00	Elect Stephane Richard			MGMT	NO
10.00	Elect Arnaud Lagardere			MGMT	NO
11.00	Elect Henri Martre			MGMT	NO
12.00	Elect Bernard Dufau			MGMT	NO
13.00	Elect Jean Simonin			MGMT	NO
14.00	Elect Worker representative			MGMT	NO
15.00	Elect Worker representative			MGMT	NO
16.00	Elect Worker representative			MGMT	NO
17.00	Approve directors' fees			MGMT	NO
18.00	Authorize legal formalities			MGMT	NO
19.00	Authorize trade in company stock			MGMT	NO
20.00	Authorize legal formalities			MGMT	NO
21.00	Amend shareholder disclosure rules			MGMT	NO
22.00	Amend board powers/procedures/qualifications			MGMT	NO
23.00	Amend board powers/procedures/qualifications			MGMT	NO
24.00	Increase authorized capital			MGMT	NO
	Issue stock w/ preemptive rights
25.00	Increase authorized capital			MGMT	NO
	Issue stock w/o preemptive rights
26.00	Amend board powers/procedures/qualifications			MGMT	NO
27.00	Issue stock w/ or w/o preemptive rights			MGMT	NO
28.00	Issue stock w/o preemptive rights			MGMT	NO
29.00	Issue stock w/o preemptive rights			MGMT	NO
30.00	Issue stock w/o preemptive rights			MGMT	NO
31.00	Issue stock w/o preemptive rights			MGMT	NO
32.00	Approve stock option grant			MGMT	NO
33.00	Limit capital increase			MGMT	NO
34.00	Issue debt instruments			MGMT	NO
35.00	Increase authorized capital			MGMT	NO
36.00	Approve stock purchase plan/SAYE/AESOP			MGMT	NO
37.00	Reduce authorized capital			MGMT	NO
38.00	Authorize legal formalities			MGMT	NO
GUS PLC			0384704	7/21/04	Annual
1.00	Approve Financial Statements			MGMT	YES	FOR	FOR
2.00	Approve Remuneration Policy			MGMT	YES	FOR	FOR
3.00	Set Final Dividend at 19.00p			MGMT	YES	FOR	FOR
4.00	Elect Andrew Hedley Hornby			MGMT	YES	AGNST	AGNST
5.00	Elect M. Victor Blank			MGMT	YES	AGNST	AGNST
6.00	Elect Alan Walter Rudge			MGMT	YES	AGNST	AGNST
7.00	Elect Alan Smart			MGMT	YES	AGNST	AGNST
8.00	Elect David Alan Tyler			MGMT	YES	AGNST	AGNST
9.00	Appoint Outside Auditors			MGMT	YES	FOR	FOR
10.00	Set Auditors' Fees			MGMT	YES	FOR	FOR
11.00	Authorize Share Repurchase			MGMT	YES	FOR	FOR
12.00	Issue Stock w/ Preemptive Rights			MGMT	YES	AGNST	AGNST
13.00	Issue Stock w/o Preemptive Rights			MGMT	YES	FOR	FOR
	Reissuance of Shares/Treasury Stock
Hennes & Mauritz (H&M)		HM	W41422101	4/26/05	Annual
1.00	Elect chairman of the meeting			MGMT	NO
2.00	Receive president's report			MGMT	NO
3.00	Voting list approval			MGMT	NO
4.00	Agenda approval			MGMT	NO
5.00	Elect people to check the minutes			MGMT	NO
6.00	Question of whether the meeting was correctly summoned			MGMT	NO
7.01	Receive statutory reports			MGMT	NO
7.02	Receive management's report			MGMT	NO
7.03	Receive nominating committee's report			MGMT	NO
8.01	Approve financial statements			MGMT	NO
8.02	Set Final Dividend at 8.00			MGMT	NO
8.03	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
9.00	Set board/supervisory board size limits			MGMT	NO
10.00	Approve directors' fees			MGMT	NO
	Set auditors' fees
11.00	Election of directors by slate			MGMT	NO
12.00	Appoint outside auditors			MGMT	NO
13.00	Elect board committee			MGMT	NO
Iberdrola		IBE	E6164R104	3/17/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Set dividend/allocate profits			MGMT	YES	FOR	FOR
3.00	Issue debt instruments			MGMT	YES	FOR	FOR
4.00	Authorize share repurchase			MGMT	YES	FOR	FOR
	Reissuance of shares/treasury stock
5.00	Change stock exchange listing(s)			MGMT	YES	FOR	FOR
6.00	Authorization to create foundations			MGMT	YES	FOR	FOR
7.00	Appoint outside auditors			MGMT	YES	FOR	FOR
8.00	Elect Sebastian Battaner Arias			MGMT	YES	AGNST	AGNST
9.01	Elect Jose Ignacio Sanchez Galan			MGMT	YES	AGNST	AGNST
9.02	Elect Victor Urritia Vallejo			MGMT	YES	AGNST	AGNST
9.03	Elect Ricardo Alvarez Isasi			MGMT	YES	AGNST	AGNST
9.04	Elect Jose Ignacio Berroeta Echevarria			MGMT	YES	AGNST	AGNST
9.05	Elect Juan Luis Arregui Ciarselo			MGMT	YES	AGNST	AGNST
9.06	Elect Julio De Miguel Aynat			MGMT	YES	AGNST	AGNST
9.07	Elect Sebastian Battaner Arias			MGMT	YES	AGNST	AGNST
10.00	Authorize legal formalities			MGMT	YES	FOR	FOR
IHC Caland NV		IHC	N44062128	5/20/05	Annual
2.01	NV -- Receive statutory reports			MGMT	NO
2.02	NV -- Receive statutory reports			MGMT	NO
2.03	Approve financial statements			MGMT	NO
3.00	Set dividend/allocate profits			MGMT	NO
4.01	Ratify management acts-legal			MGMT	NO
4.02	Ratify board acts-legal			MGMT	NO
5.00	NV -- Misc non-U.S. mgt. non-voting			MGMT	NO
6.00	Approve remuneration policy			MGMT	NO
7.00	Authorize share repurchase			MGMT	NO
8.01	Issue stock w/ preemptive rights			MGMT	NO
8.02	Issue stock w/o preemptive rights			MGMT	NO
9.00	Elect R. van Gelder			MGMT	NO
10.00	Consider other business			MGMT	NO
InBev		INB	B5096U121	4/26/05	Annual
1.00	NV -- Receive statutory reports			MGMT	NO
2.00	NV -- Receive statutory reports			MGMT	NO
3.00	NV -- Receive statutory reports			MGMT	NO
4.00	Approve financial statements			MGMT	NO
	Set Dividend at 0.39
5.00	Ratify board acts-legal			MGMT	NO
6.00	Ratify acts of auditors			MGMT	NO
7.01	Elect Kees J. Storm			MGMT	NO
7.02	Elect Peter Harf			MGMT	NO
7.03	Elect Allan Meville Chapin			MGMT	NO
7.04	Elect Count Arnoud de Pret Roose de Calesberg			MGMT	NO
8.00	Approve remuneration policy			MGMT	NO
9.00	Consider other business			MGMT	NO
InBev		INB	B5096U121	4/26/05	Special
1.01	NV -- Receive statutory reports			MGMT	NO
1.02	Increase authorized capital			MGMT	NO
2.01	Authorize share repurchase			MGMT	NO
2.02	Authorize share repurchase			MGMT	NO
3.00	Authorize legal formalities			MGMT	NO
4.01	NV -- Receive statutory reports			MGMT	NO
4.02	NV -- Receive statutory reports			MGMT	NO
4.03	Issue stock w/o preemptive rights			MGMT	NO
4.04	Approve stock option grant			MGMT	NO
4.05	Increase authorized capital			MGMT	NO
5.01	Authorize legal formalities			MGMT	NO
5.02	Authorize legal formalities			MGMT	NO
Indra Sistemas		IDR	E6271Z155	6/24/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve financial statements			MGMT	YES	FOR	FOR
3.00	Ratify management acts-symbolic			MGMT	YES	FOR	FOR
4.00	Election of directors by slate			MGMT	YES	FOR	FOR
5.00	Approve directors' fees			MGMT	YES	FOR	FOR
6.00	Reduce authorized capital			MGMT	YES	FOR	FOR
7.00	Reduce authorized capital			MGMT	YES	FOR	FOR
8.00	Authorize share repurchase			MGMT	YES	FOR	FOR
9.00	Appoint outside auditors			MGMT	YES	FOR	FOR
10.00	Approve stock option plan			MGMT	YES	FOR	FOR
11.00	Consider other business			MGMT	YES	FOR	FOR
12.00	Authorize legal formalities			MGMT	YES	FOR	FOR
International Power		IPR	0632016	11/25/04	Special
1.00	Approve Merger/Acquisition			MGMT	YES	FOR	FOR
2.00	Increase Authorized Capital			MGMT	YES	FOR	FOR
3.00	Issue Stock w/ Preemptive Rights			MGMT	YES	FOR	FOR
International Power		IPR	G4890M109	5/17/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	To elect as a director Struan Robertson			MGMT	YES	AGNST	AGNST
3.00	To re-elect as a director Phil Cox			MGMT	YES	AGNST	AGNST
4.00	To re-elect as a director Adri Baan			MGMT	YES	AGNST	AGNST
5.00	To declare a dividend			MGMT	YES	FOR	FOR
6.00	Approve remuneration policy			MGMT	YES	FOR	FOR
7.00	Appoint auditors and set their fees			MGMT	YES	FOR	FOR
8.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
9.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
10.00	Authorize share repurchase			MGMT	YES	FOR	FOR
KBC Group NV		KBC	B5337G162	4/28/05	Annual
4.00	Approve financial statements			MGMT	NO
8.00	Approve financial statements			MGMT	NO
9.00	Set Dividend at 1.84			MGMT	NO
10.00	Ratify board acts-legal			MGMT	NO
11.00	Ratify board acts-legal			MGMT	NO
12.00	Ratify acts of auditors			MGMT	NO
13.00	Ratify acts of auditors			MGMT	NO
14.00	Elect Luc Philips			MGMT	NO
15.00	Set auditors' fees			MGMT	NO
16.00	Authorize share repurchase			MGMT	NO
Lloyds TSB Group PLC			G5542W106	5/5/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve remuneration policy			MGMT	YES	AGNST	AGNST
3.01	To elect as a director Sir Julian Horn-Smith			MGMT	YES	FOR	FOR
3.02	To elect as a director Mr G T Tate			MGMT	YES	AGNST	AGNST
4.01	To re-elect as a director Mr G J N Gemmell			MGMT	YES	FOR	FOR
4.02	To re-elect as a director Mr M E Fairey			MGMT	YES	FOR	FOR
4.03	To re-elect as a director Dr D S Julius			MGMT	YES	FOR	FOR
5.00	Set auditors' fees			MGMT	YES	FOR	FOR
6.00	Appoint outside auditors			MGMT	YES	FOR	FOR
7.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
8.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
9.00	Authorize share repurchase			MGMT	YES	FOR	FOR
Man Group			0294405	7/7/04	Annual
1.00	Approve Financial Statements			MGMT	YES	FOR	FOR
2.00	Approve Remuneration Policy			MGMT	YES	FOR	FOR
3.00	Set Final Dividend at 18.60p			MGMT	YES	FOR	FOR
4.00	Elect Jon Aisbitt			MGMT	YES	AGNST	AGNST
5.00	Elect Christopher M. Chambers			MGMT	YES	AGNST	AGNST
6.00	Elect Jonathan Nicholls			MGMT	YES	AGNST	AGNST
7.00	Elect Alison J. Carnwath			MGMT	YES	AGNST	AGNST
8.00	Elect Harvey Andrew McGrath			MGMT	YES	AGNST	AGNST
9.00	Elect Glen Richard Moreno			MGMT	YES	AGNST	AGNST
10.00	Appoint Outside Auditors			MGMT	YES	FOR	FOR
11.00	Set Auditors' Fees			MGMT	YES	FOR	FOR
12.00	Approve Scrip Dividend/Dividend Reinvestment Plan			MGMT	YES	FOR	FOR
13.00	Increase Authorized Capital			MGMT	YES	FOR	FOR
	Authorize Creation of Preferred Stock
	Amend/Remove Par Value
14.00	Amend Articles for Capital Increase/Decrease			MGMT	YES	FOR	FOR
15.00	Issue Stock w/ Preemptive Rights			MGMT	YES	FOR	FOR
16.00	Issue Stock w/o Preemptive Rights			MGMT	YES	FOR	FOR
17.00	Authorize Share Repurchase			MGMT	YES	FOR	FOR
18.00	Approve Directors' Fees			MGMT	YES	FOR	FOR
Maroc Telecom			F6077E108	4/8/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Authorize legal formalities			MGMT	NO
4.00	Set Final Dividend at 5.00			MGMT	NO
5.00	Elect directors - other markets			MGMT	NO
6.00	Elect directors - other markets			MGMT	NO
7.00	Elect directors - other markets			MGMT	NO
8.00	Elect statutory auditors			MGMT	NO
9.00	Authorize legal formalities			MGMT	NO
Mediaset		MS	T6688Q107	4/27/05	Annual
1.00	Approve financial statements			MGMT	NO
	Set Final Dividend at 0.38
2.00	Authorize trade in company stock			MGMT	NO
3.00	Appoint auditors and set their fees			MGMT	NO
4.00	Elect statutory auditors			MGMT	NO
	Approve maximum statutory auditors' fee
Metro AG			D53968125	5/18/05	Annual
1.00	Set Final Dividend at 1.02			MGMT	NO
2.00	Ratify management acts-symbolic			MGMT	NO
3.00	Ratify board acts-symbolic			MGMT	NO
4.00	Appoint outside auditors			MGMT	NO
5.00	Elect supervisory board/corporate assembly			MGMT	NO
6.00	Authorize share repurchase			MGMT	NO
	Reissuance of shares/treasury stock
7.00	Amend meeting procedures/change date			MGMT	NO
National Bank of Greece		ETE	X56533114	5/17/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Ratify board acts-legal			MGMT	NO
	Ratify acts of auditors
4.00	Approve directors' fees			MGMT	NO
5.00	Approve directors' fees			MGMT	NO
6.00	Approve related party transactions			MGMT	NO
7.00	Appoint auditors and set their fees			MGMT	NO
8.00	Authorize share repurchase			MGMT	NO
9.00	Election of directors by slate			MGMT	NO
10.00	Issue stock w/o preemptive rights			MGMT	NO
11.00	Consider other business			MGMT	NO
Nestle SA			H57312466	4/14/05	Annual
1.01	Approve financial statements			MGMT	NO
2.00	Ratify board acts-legal			MGMT	NO
3.00	Set dividend/allocate profits			MGMT	NO
4.01	SP - Separate chairman/CEO roles			SHLDR	NO
4.02	SP - Reduce the terms of the directors			SHLDR	NO
4.03	Facilitate shareholder proposals			SHLDR	NO
5.00	Elect Gunter Blobel			MGMT	NO
6.00	Appoint outside auditors			MGMT	NO
Nordea AB			W57996105	4/8/05	Annual
1.00	Election of chairman			MGMT	NO
7.00	Approve financial statements			MGMT	NO
8.00	Set Final Dividend at 0.28			MGMT	NO
9.00	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
10.00	Set board/supervisory board size limits			MGMT	NO
11.00	Approve directors' fees			MGMT	NO
	Set auditors' fees
12.00	Election of directors by slate			MGMT	NO
13.00	Elect board committee			MGMT	NO
14.00	Amend company purpose			MGMT	NO
15.00	Reduce authorized capital			MGMT	NO
16.00	Authorize share repurchase			MGMT	NO
17.00	Authorize trade in company stock			MGMT	NO
18.00	Approve directors' fees			MGMT	NO
Norsk Hydro ASA		NHY	656531605	12/1/04	Special
1.00	Cancel Authorized Stock			MGMT	NO
	Reduce Authorized Capital
	Authorize Share Repurchase
	Amend Articles for Capital Increase/Decrease
2.00	Authorize Share Repurchase			MGMT	NO
Norsk Hydro ASA			R61115102	5/3/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Presentation of guidelines for the remuneration to the executive management			MGMT	NO
3.00	Set auditors' fees			MGMT	NO
4.00	Appoint board advisors/deputy dirs/alternate dirs			MGMT	NO
5.00	Restructure investments			SHLDR	NO
Numico (Koninklijke)			N56369239	5/11/05	Annual
3.01	Approve financial statements			MGMT	NO
3.02	Ratify management acts-legal			MGMT	NO
3.03	Ratify board acts-legal			MGMT	NO
5.00	Appoint outside auditors			MGMT	NO
7.00	Approve supervisory board/corp. assembly fees			MGMT	NO
8.01	Elect directors - other markets			MGMT	NO
8.02	Elect directors - other markets			MGMT	NO
8.03	Elect directors - other markets			MGMT	NO
9.01	Elect directors - other markets			MGMT	NO
9.02	Elect directors - other markets			MGMT	NO
10.01	Issue stock w/ preemptive rights			MGMT	NO
10.02	Issue stock w/o preemptive rights			MGMT	NO
11.00	Authorize share repurchase			MGMT	NO
Orion-Yhtyma			X6016F117	3/22/05	Annual
1.01	Approve financial statements			MGMT	NO
1.02	Set Final Dividend at 0.55			MGMT	NO
1.03	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
1.05	Set auditors' fees			MGMT	NO
	Approve directors' fees
1.06	Election of directors by slate			MGMT	NO
1.08	Appoint outside auditors			MGMT	NO
2.00	Amend articles--technical			MGMT	NO
3.00	Reduce authorized capital			MGMT	NO
4.00	Authorize share repurchase			MGMT	NO
5.00	Reissuance of shares/treasury stock			MGMT	NO
OTP Bank		OTP	X60746181	4/29/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Set Final Dividend at 0.00			MGMT	NO
3.00	Authorize legal formalities			MGMT	NO
4.00	Authorize legal formalities			MGMT	NO
5.00	Appoint auditors and set their fees			MGMT	NO
6.00	Election of directors by slate			MGMT	NO
7.00	Approve directors' fees			MGMT	NO
8.00	Authorize legal formalities			MGMT	NO
9.00	Approve stock option plan			MGMT	NO
10.00	Amend articles--technical			MGMT	NO
11.00	Authorize share repurchase			MGMT	NO
Putnam Prime Money Market Fund			746763432	11/11/04	Special
1.01	Elect Trustee J.A. Baxter			MGMT	YES	FOR	FOR
1.02	Elect Trustee E.T. Kennan			MGMT	YES	FOR	FOR
1.03	Elect Trustee C.B. Curtis			MGMT	YES	FOR	FOR
1.04	Elect Trustee J.H. Mullin, III			MGMT	YES	FOR	FOR
1.05	Elect Trustee M.R. Drucker			MGMT	YES	FOR	FOR
1.06	Elect Trustee R.E. Patterson			MGMT	YES	FOR	FOR
1.07	Elect Trustee C.E. Haldeman, Jr.			MGMT	YES	FOR	FOR
1.08	Elect Trustee G. Putnam, III			MGMT	YES	FOR	FOR
1.09	Elect Trustee J.A. Hill			MGMT	YES	FOR	FOR
1.10	Elect Trustee A.J.C. Smith			MGMT	YES	FOR	FOR
1.11	Elect Trustee R. J. Jackson			MGMT	YES	FOR	FOR
1.12	Elect Trustee W.T. Stephens			MGMT	YES	FOR	FOR
1.13	Elect Trustee P.L. Joskow			MGMT	YES	FOR	FOR
1.14	Elect Trustee R.B. Worley			MGMT	YES	FOR	FOR
2.00	Amend fund's fundamental investment restriction with respect to borrowing			MGMT	N/A	N/A	N/A
2.01	Amend fund's fundamental investment restriction with respect to making loans			MGMT	N/A	N/A	N/A
2.02	Amend fund's fundamental investment restriction with respect to diversification of investments			MGMT	YES	FOR	FOR
2.03	Amend fund's fundamental investment restriction with respect to issuance of senior securities			MGMT	N/A	N/A	N/A
2.04	Amend fund's fundamental investment restriction with respect to purchasing or selling options, puts, calls, straddles and spreads			MGMT	N/A	N/A	N/A
2.05	Amend fund's fundamental investment restriction with respect to investments in commodities			MGMT	N/A	N/A	N/A
3.00	Amend fund's Agreement and Declaration of Trust			MGMT	YES	FOR	FOR
Reckitt Benckiser PLC		RB	G7420A107	5/5/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve remuneration policy			MGMT	YES	FOR	FOR
3.00	To declare a dividend			MGMT	YES	FOR	FOR
4.00	To re-elect as a director Adrian Bellamy			MGMT	YES	AGNST	AGNST
5.00	To re-elect as a director George Greener			MGMT	YES	AGNST	AGNST
6.00	To elect as a director Graham Mackay			MGMT	YES	FOR	FOR
7.00	Appoint auditors and set their fees			MGMT	YES	FOR	FOR
8.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
9.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
10.00	Authorize share repurchase			MGMT	YES	FOR	FOR
11.00	Approve stock purchase plan/SAYE/AESOP			MGMT	YES	AGNST	AGNST
12.00	Approve stock purchase plan/SAYE/AESOP			MGMT	YES	AGNST	AGNST
13.00	Approve option/purchase plan - overseas employees			MGMT	YES	FOR	FOR
14.00	Amend stock option plan			MGMT	YES	FOR	FOR
Renault SA			F77098105	4/29/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Set Dividend at 2.10			MGMT	NO
4.00	Approve related party transactions			MGMT	NO
5.00	Elect Dominique de la Garanderie			MGMT	NO
6.00	Elect Itaru Koeda			MGMT	NO
7.00	Elect Louis Schweitzer			MGMT	NO
8.00	Ratify board acts-symbolic			MGMT	NO
9.00	NV -- Receive statutory reports			MGMT	NO
10.00	Authorize trade in company stock			MGMT	NO
11.00	Issue debt instruments			MGMT	NO
12.00	Reduce authorized capital			MGMT	NO
13.00	Issue stock w/ preemptive rights			MGMT	NO
	Increase authorized capital
14.00	Increase authorized capital			MGMT	NO
	Issue stock w/o preemptive rights
15.00	Issue stock w/o preemptive rights			MGMT	NO
16.00	Limit capital increase			MGMT	NO
17.00	Increase authorized capital			MGMT	NO
18.00	Issue stock w/o preemptive rights			MGMT	NO
19.00	Amend shareholder disclosure rules			MGMT	NO
20.00	Authorize legal formalities			MGMT	NO
Rio Tinto PLC			G75754104	4/14/05	Annual
1.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
2.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
3.00	Authorize share repurchase			MGMT	YES	FOR	FOR
4.00	Authorize share repurchase			MGMT	YES	FOR	FOR
5.00	Amend articles to authorize share repurchase			MGMT	YES	FOR	FOR
6.00	Amend articles regarding share repurchase rules			MGMT	YES	FOR	FOR
7.00	Amend stock purchase plan/SAYE/AESOP			MGMT	YES	FOR	FOR
8.00	Elect Richard R. Goodmanson			MGMT	YES	AGNST	AGNST
9.00	Elect Ashton Calvert			MGMT	YES	AGNST	AGNST
10.00	Elect Vivienne Cox			MGMT	YES	AGNST	AGNST
11.00	Elect Paul W. Skinner			MGMT	YES	AGNST	AGNST
12.00	Appoint auditors and set their fees			MGMT	YES	FOR	FOR
13.00	Approve remuneration policy			MGMT	YES	FOR	FOR
14.00	Approve financial statements			MGMT	YES	FOR	FOR
Royal Bank of Scotland Group			G76891111	4/20/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve remuneration policy			MGMT	YES	FOR	FOR
3.00	Set Final Dividend at 41.20p			MGMT	YES	FOR	FOR
4.00	Elect Jim Currie			MGMT	YES	FOR	FOR
5.00	Elect Frederick A. Goodwin			MGMT	YES	FOR	FOR
6.00	Elect Sir Steve Robson			MGMT	YES	FOR	FOR
7.00	Elect Archie Hunter			MGMT	YES	FOR	FOR
8.00	Elect Charles John Koch			MGMT	YES	FOR	FOR
9.00	Elect Joseph MacHale			MGMT	YES	FOR	FOR
10.00	Appoint outside auditors			MGMT	YES	FOR	FOR
11.00	Set auditors' fees			MGMT	YES	FOR	FOR
12.00	Increase authorized capital			MGMT	YES	FOR	FOR
13.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
14.00	Authorize share repurchase			MGMT	YES	FOR	FOR
15.00	Approve Issue of preferred stock			MGMT	YES	FOR	FOR
16.00	Approve executive profit sharing/bonus plan			MGMT	YES	FOR	FOR
Royal Dutch Petroleum			N76277172	6/28/05	Annual
1.00	NV -- Receive statutory reports			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.01	NV -- Misc non-U.S. mgt. non-voting			MGMT	NO
3.02	Set dividend/allocate profits			MGMT	NO
4.01	Ratify management acts-legal			MGMT	NO
4.02	Ratify board acts-legal			MGMT	NO
5.00	Elect supervisory board/corporate assembly			MGMT	NO
6.00	Authorize share repurchase			MGMT	NO
7.00	Reduce authorized capital			MGMT	NO
8.00	NV -- Misc non-U.S. mgt. non-voting			MGMT	NO
9.01	Approve restructuring/recapitalization			MGMT	NO
9.02	Approve restructuring/recapitalization			MGMT	NO
10.00	Cancel authorized stock class			MGMT	NO
11.01	Elect Mr. Jacobs			MGMT	NO
11.02	Elect Ms. Marin-Postel			MGMT	NO
11.03	Elect Mr. Loudon			MGMT	NO
11.04	Elect Mr. Ricciardi			MGMT	NO
12.00	Approve remuneration policy			MGMT	NO
13.00	Amend executive profit sharing/bonus plan			MGMT	NO
14.00	Amend stock purchase plan/SAYE/AESOP			MGMT	NO
15.00	Amend executive profit sharing/bonus plan			MGMT	NO
Sampo PLC		SAMAS	X75653109	4/11/05	Annual
1.01	Approve financial statements			MGMT	NO
1.02	Set Final Dividend at 0.20			MGMT	NO
1.03	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
1.04	Approve directors' fees			MGMT	NO
	Set board/supervisory board size limits
1.05	Set auditors' fees			MGMT	NO
	Set number of auditors
1.06	Election of directors by slate			MGMT	NO
1.07	Appoint outside auditors			MGMT	NO
2.00	Authorize share repurchase			MGMT	NO
3.00	Amend board election rules			MGMT	NO
	Relocate corporate headquarters
	Amend meeting procedures/change date
Schneider Electric SA		SU	F86921107	5/3/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Approve related party transactions			MGMT	NO
4.00	Set Final Dividend at 1.80			MGMT	NO
5.00	Elect Serge Weinberg			MGMT	NO
6.00	Elect Jerome Gallot			MGMT	NO
7.00	Elect Henri Lachmann			MGMT	NO
8.00	Elect Rene Barbier de la Serre			MGMT	NO
9.00	Approve directors' fees			MGMT	NO
10.00	Authorize trade in company stock			MGMT	NO
11.00	Increase authorized capital			MGMT	NO
	Issue stock w/ preemptive rights
12.00	Increase authorized capital			MGMT	NO
	Issue stock w/o preemptive rights
13.00	Issue stock w/o preemptive rights			MGMT	NO
14.00	Issue stock w/o preemptive rights			MGMT	NO
15.00	Issue stock w/o preemptive rights			MGMT	NO
16.00	Authorize legal formalities			MGMT	NO
Schwarz Pharma			D6889B104	5/11/05	Annual
1.01	Approve financial statements			MGMT	NO
2.00	Set dividend/allocate profits			MGMT	NO
3.00	Ratify management acts-legal			MGMT	NO
4.00	Ratify board acts-legal			MGMT	NO
5.00	Appoint outside auditors			MGMT	NO
6.00	Authorize share repurchase			MGMT	NO
	Reissuance of shares/treasury stock
7.00	Increase authorized capital			MGMT	NO
	Issue stock w/ or w/o preemptive rights
	Approve Issue of preferred stock
7.01	Issue stock w/ or w/o preemptive rights			MGMT	NO
	Approve Issue of preferred stock
	Increase authorized capital
Shell Transport & Trading Co PLC			822703104	6/28/05	Annual
1.00	Approve restructuring/recapitalization			MGMT	YES	FOR	FOR
Shell Transport & Trading Co PLC			822703104	6/28/05	Special
1.00	Cancel authorized stock class			MGMT	YES	FOR	FOR
2.00	Cancel authorized stock class			MGMT	YES	FOR	FOR
3.00	Approve restructuring/recapitalization			MGMT	YES	FOR	FOR
Shell Transport & Trading Co PLC			822703104	6/28/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve remuneration policy			MGMT	YES	FOR	FOR
3.00	To elect as a director Peter Voser			MGMT	YES	FOR	FOR
4.00	To re-elect as a director Sir Peter Job			MGMT	YES	FOR	FOR
5.00	To re-elect as a director Lord Oxburgh			MGMT	YES	FOR	FOR
6.00	Appoint outside auditors			MGMT	YES	FOR	FOR
7.00	Set auditors' fees			MGMT	YES	FOR	FOR
8.00	Authorize share repurchase			MGMT	YES	FOR	FOR
9.00	Amend executive profit sharing/bonus plan			MGMT	YES	FOR	FOR
10.00	Amend stock purchase plan/SAYE/AESOP			MGMT	YES	FOR	FOR
11.00	Amend executive profit sharing/bonus plan			MGMT	YES	FOR	FOR
Siemens AG		SI	826197501	1/27/05	Annual
3.00	Set Final Dividend at 1.25			MGMT	YES	FOR	FOR
4.00	Ratify management acts-symbolic			MGMT	YES	AGNST	AGNST
5.00	Ratify board acts-symbolic			MGMT	YES	AGNST	AGNST
6.00	Appoint outside auditors			MGMT	YES	FOR	FOR
7.00	Elect supervisory board/corporate assembly			MGMT	YES	AGNST	AGNST
	Appoint board advisors/deputy dirs/alternate dirs
8.00	Authorize share repurchase			MGMT	YES	FOR	FOR
	Reissuance of shares/treasury stock
9.00	Approve supervisory board/corp. assembly fees			MGMT	YES	AGNST	AGNST
10.00	Amend articles--technical			MGMT	YES	AGNST	AGNST
SKF AB			W84237143	4/19/05	Annual
2.00	Election of a chairman for the meeting			MGMT	NO
9.00	Approve financial statements			MGMT	NO
10.00	Set Final Dividend at 12.00			MGMT	NO
11.00	Ratify management acts-legal			MGMT	NO
	Ratify board acts-legal
12.00	Set board/supervisory board size limits			MGMT	NO
13.00	Approve directors' fees			MGMT	NO
14.00	Election of directors by slate			MGMT	NO
15.00	Set number of auditors			MGMT	NO
16.00	Set auditors' fees			MGMT	NO
17.00	Appoint outside auditors			MGMT	NO
18.01	Amend/remove par value			MGMT	NO
	Authorize new stock class
	Amend articles to reflect capital inc/decrease
18.02	Reduce authorized capital			MGMT	NO
18.03	Issue stock w/o preemptive rights			MGMT	NO
18.04	Reduce authorized capital			MGMT	NO
	Approve use/transfer of reserves
19.00	Elect board committee			MGMT	NO
Smedvig		SME	R80454102	5/11/05	Annual
1.00	Elect people to check the minutes			MGMT	NO
2.00	Agenda approval			MGMT	NO
3.00	Approve financial statements			MGMT	NO
	Set Final Dividend at 1.50
4.00	Approve directors' fees			MGMT	NO
5.00	Set auditors' fees			MGMT	NO
6.00	Election of directors by slate			MGMT	NO
7.00	Issue stock w/o preemptive rights			MGMT	NO
8.00	Authorize share repurchase			MGMT	NO
9.00	Reduce authorized capital			MGMT	NO
10.00	Amend company purpose			MGMT	NO
Swatch Group			H83949141	5/18/05	Annual
1.01	NV -- Receive statutory reports			MGMT	NO
1.02	Approve financial statements			MGMT	NO
1.03	NV -- Receive statutory reports			MGMT	NO
1.04	Approve financial statements			MGMT	NO
2.00	Ratify board acts-legal			MGMT	NO
3.00	Set dividend/allocate profits			MGMT	NO
4.00	Reduce authorized capital			MGMT	NO
5.00	Election of directors by slate			MGMT	NO
6.00	Appoint outside auditors			MGMT	NO
Swiss Re (Schweiz-Ruckverischerungs-Ges)			H84046137	5/9/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Ratify board acts-legal			MGMT	NO
3.00	Set Final Dividend at 1.60			MGMT	NO
4.01	Election of directors by slate			MGMT	NO
4.02	Appoint outside auditors			MGMT	NO
Telekom Austria			A8502A102	5/25/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Set Final Dividend at 0.24			MGMT	NO
3.00	Ratify management acts-symbolic			MGMT	NO
	Ratify board acts-symbolic
4.00	Approve directors' fees			MGMT	NO
5.00	Appoint outside auditors			MGMT	NO
6.00	Set board/supervisory board size limits			MGMT	NO
	Amend board powers/procedures/qualifications
7.00	Amend board powers/procedures/qualifications			MGMT	NO
8.00	Authorize legal formalities			MGMT	NO
9.00	Authorize share repurchase			MGMT	NO
Tesco PLC			G87621101	6/24/05	Annual
1.00	Approve financial statements			MGMT	YES	FOR	FOR
2.00	Approve remuneration policy			MGMT	YES	FOR	FOR
3.00	To declare a dividend			MGMT	YES	FOR	FOR
4.00	To re-elect as a director Rodney Chase			MGMT	YES	AGNST	AGNST
5.00	To re-elect as a director Sir Terry Leahy			MGMT	YES	AGNST	AGNST
6.00	To re-elect as a director Tim Mason			MGMT	YES	AGNST	AGNST
7.00	To re-elect as a director David Potts			MGMT	YES	AGNST	AGNST
8.00	To elect as a director Karen Cook			MGMT	YES	AGNST	AGNST
9.00	To elect as a director Carolyn McCall			MGMT	YES	AGNST	AGNST
10.00	Appoint outside auditors			MGMT	YES	FOR	FOR
11.00	Set auditors' fees			MGMT	YES	FOR	FOR
12.00	Increase authorized capital			MGMT	YES	FOR	FOR
13.00	Approve scrip dividend/dividend reinvestment plan			MGMT	YES	FOR	FOR
14.00	Issue stock w/ preemptive rights			MGMT	YES	FOR	FOR
15.00	Issue stock w/o preemptive rights			MGMT	YES	FOR	FOR
16.00	Authorize share repurchase			MGMT	YES	FOR	FOR
17.00	Approve political donation			MGMT	YES	FOR	FOR
18.00	Approve political donation			MGMT	YES	FOR	FOR
19.00	Approve political donation			MGMT	YES	FOR	FOR
20.00	Approve political donation			MGMT	YES	FOR	FOR
21.00	Approve political donation			MGMT	YES	FOR	FOR
22.00	Approve political donation			MGMT	YES	FOR	FOR
23.00	Approve political donation			MGMT	YES	FOR	FOR
24.00	Approve political donation			MGMT	YES	FOR	FOR
TOTAL SA			F92124100	5/17/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Set Dividend at 5.40			MGMT	NO
4.00	Approve related party transactions			MGMT	NO
5.00	Authorize trade in company stock			MGMT	NO
6.00	Elect Paul Desmarais Jr.			MGMT	NO
7.00	Elect Bertrand Jacquillat			MGMT	NO
8.00	Elect Maurice Lippens			MGMT	NO
9.00	Elect Lord Peter Levene of Portsoken			MGMT	NO
10.00	Issue stock w/o preemptive rights			MGMT	NO
	Increase authorized capital
11.00	Issue stock w/o preemptive rights			MGMT	NO
	Increase authorized capital
12.00	Issue stock w/o preemptive rights			MGMT	NO
	Increase authorized capital
13.00	Issue stock w/o preemptive rights			MGMT	NO
14.00	Amend resolution 13			SHLDR	NO
UBS AG		UBS	H8920M855	4/21/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Set Dividend at 3.00			MGMT	NO
3.00	Ratify board acts-legal			MGMT	NO
4.01	Elect Marcel Ospel			MGMT	NO
4.02	Elect Lawrence A. Weinbach			MGMT	NO
4.03	Elect Marco Suter			MGMT	NO
4.04	Elect Peter R. Voser			MGMT	NO
4.05	Appoint outside auditors			MGMT	NO
5.01	Cancel authorized stock class			MGMT	NO
	Reduce authorized capital
5.02	Authorize share repurchase			MGMT	NO
Umicore			B95505119	4/13/05	Annual
3.01	Approve financial statements			MGMT	NO
3.02	Set Dividend at 1.65			MGMT	NO
4.01	Ratify board acts-legal			MGMT	NO
4.02	Ratify acts of auditors			MGMT	NO
5.00	Election of directors by slate			MGMT	NO
5.01	Elect Uwe-Ernst Bufe			MGMT	NO
5.05	Elect Guy Paquot			MGMT	NO
5.06	NV -- Acknowledge director retirement			MGMT	NO
5.07	Approve directors' fees			MGMT	NO
6.01	Appoint outside auditors			MGMT	NO
6.02	Set auditors' fees			MGMT	NO
Veolia Environnement			F9686M107	5/2/05	Annual
1.00	Approve financial statements			MGMT	NO
2.00	Approve financial statements			MGMT	NO
3.00	Authorize legal formalities			MGMT	NO
4.00	Approve use/transfer of reserves			MGMT	NO
5.00	Set dividend/allocate profits			MGMT	NO
6.00	Approve related party transactions			MGMT	NO
7.00	Appoint outside auditors			MGMT	NO
8.00	Appoint outside auditors			MGMT	NO
9.00	Authorize trade in company stock			MGMT	NO
10.00	Authorize legal formalities			MGMT	NO
11.00	Increase authorized capital			MGMT	NO
	Issue stock w/ preemptive rights
12.00	Increase authorized capital			MGMT	NO
	Issue stock w/o preemptive rights
13.00	Increase authorized capital			MGMT	NO
14.00	Issue stock w/ or w/o preemptive rights			MGMT	NO
15.00	Issue stock w/o preemptive rights			MGMT	NO
16.00	Approve stock option grant			MGMT	NO
17.00	Issue stock w/o preemptive rights			MGMT	NO
18.00	Reduce authorized capital			MGMT	NO
19.00	Amend articles--technical			MGMT	NO
20.00	Authorize legal formalities			MGMT	NO
Vodafone Group PLC			0719210	7/27/04	Annual
1.00	Approve Financial Statements			MGMT	YES	FOR	FOR
2.00	Approve Remuneration Policy			MGMT	YES	FOR	FOR
3.00	Elect Peter Bamford			MGMT	YES	FOR	FOR
4.00	Elect Julian Horn-Smith			MGMT	YES	FOR	FOR
5.00	Elect Sir David G. Scholey			MGMT	YES	FOR	FOR
6.00	Elect Luc Vandevelde			MGMT	YES	FOR	FOR
7.00	Set Final Dividend at 1.08p			MGMT	YES	FOR	FOR
8.00	Appoint Outside Auditors			MGMT	YES	FOR	FOR
9.00	Set Auditors' Fees			MGMT	YES	FOR	FOR
10.00	Approve Political Donation			MGMT	YES	FOR	FOR
11.00	Issue Stock w/ Preemptive Rights			MGMT	YES	FOR	FOR
12.00	Issue Stock w/o Preemptive Rights			MGMT	YES	FOR	FOR
13.00	Authorize Share Repurchase			MGMT	YES	FOR	FOR
14.00	Approve Put Option Contracts			MGMT	YES	FOR	FOR

Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to be have been voted against management's recommendation, regardless of whether the recommendation is 'For' or 'Against,' except where management has made no recommendation or has recommended that shareholders 'Abstain.'

Where management has recommended that shareholders 'Abstain' from voting on a ballot item: 1) a ballot market 'Abstain' is considered to have been voted for management's recommendation to 'Abstain' and 2) a ballot voted 'For" or 'Against' is considered to have been voted against management's recommendation to 'Abstain.'

Where management has made no recommendation on a ballot item, the abbreviation "N/A" is used to denote that there is no applicable recommendation compared to which a vote may be 'For' or 'Against' the recommendation of 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.

Putnam Europe Equity Fund
-------------------------------------------------------------------------
       (Registrant)


By /s/ Charles E. Porter, Executive Vice President, Associate Treasurer
   and Principal Executive Officer
   _______________________________________________________________________
       (Signature & Title)


Date July 28, 2005