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- 6120

The First Israel Fund, Inc.

(Exact name of registrant as specified in charter)

c/o Credit Suisse Asset Management, LLC

Eleven Madison Avenue

New York, New York 10010

(Address of principal executive offices) (Zip code)

J. Kevin Gao, Esq.

Eleven Madison Avenue

New York, New York 10010

(Name and address of agent for service)

Registrant’s telephone number, including area code: (212) 325-2000

Date of fiscal year end: 12/31

Date of reporting period: July 1, 2007 - June 30, 2008

ITEM 1. PROXY VOTING RECORD

******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-06120

Reporting Period: 07/01/2007 - 06/30/2008 ;

The First Israel Fund, Inc.

60;

========================= THE FIRST ISRAEL FUND, IN C. ==========================

AFRICA ISRAEL INDUSTRIES LTD.

Ticker: Se curity ID: M0198X105

Meeting Date: FEB 13, 2008 Meeting Type: Special

Record Date: JAN 13, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Related Party Transaction For Did Not Management

Vote

1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

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AFRICA ISRAEL INVESTMENT LTD.

Ticker: Security ID: M02005102

Meeting Date: NOV 25, 2007 Meeting Type: Annual

Record Date: NOV 18, 2007 & #160;

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For &# 160; Management

Directors' Report For Year Ended Dec. 31,

2006

2 Reappoint Lev Leviev, Chaim Erez, Yitzhak For For Management

Poram, Eitan Havar, Shmuel Shakadi, and

Nadav Grinspan as Directors

3 Approve Remuneration of Directors For For Management

4 Ratify Somech Chaikin and Zohar Zohar and For For Management

Shoti as Auditors and Discusss Their

Remuneration in 2006

5 Approve Director/Officer Liability and For For Management

Indemnification Insurance

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AFRICA ISRAEL INVESTMENTS LTD. & #160;

Ticker: Security ID: M02005102

Meeting Date: FEB 11, 2008 Meeting Type: Special

Record Date: JAN 13, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Related Party Transaction &# 160; For Did Not Management

Vote

1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

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ALADDIN KNOWLEDGE SY STEMS LTD.

Ticker: ALDN Security ID: M0392N101

Meeting Date: JAN 4, 2008 Meeting Type: Annual

Record Date: NOV 20, 2007

# Proposal & #160; Mgt Rec Vote Cast Sponsor

1.1 Elect Director Jacob (yanki) Margalit For Did Not Management

Vote

1.2 Elect Direct or Dany Margalit For Did Not Management

Vote

1.3 Elect Director David Assia For Did Not Management

Vote

2 RE-APPOINTMENT OF DR. ORNA BERRY AS AN For Did Not Management

OUTSIDE DIRECTOR. & #160; Vote

3 INDICATE WHETHER YOU ARE CONSIDERED AS A None Did Not Management

CONTROLLING SHAREHOLDER OF THE COMPANY Vote

U NDER THE ISRAELI COMPANIES LAW, 1999

(SEE DEFINITION OF A CONTROLLING

SHAREHOLDER IN THE PROXY STATEMENT). ;

4 COMPENSATION OF AN OUTSIDE DIRECTOR. For Did Not Management

Vote

5 Ratify Auditors & #160; For Did Not Management

Vote

6 APPROVAL OF SERVICE OF JACOB MARGALIT AS For Did Not ; Management

BOTH CHAIRMAN AND CEO. Vote

7 APPROVAL OF RENEWAL OF D&O INSURANCE For Did Not Management

POLICY. 60; Vote

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ALBAAD MASSUOT YITZHAK LTD. & #160;

Ticker: Security ID: M0420G102

Meeting Date: OCT 9, 2007 Meeting Type: Annual/Special

Record Date: OCT 2, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report For Year 2006

2 Receive Report on Directors' Remuneration For For Management

3 ; Reappoint A. Brodi, I. Ben Chanan, M. For For Management

Laizer, R. Dvorkin, S. Wilek, and A.

Atzar as Directors 60;

4 Elect S. Ragev and Y. Raviv as Directors For For Management

5 Reappoint Kost Forer Gabay as Auditors For For Management

6 Elect D. Zaveida as External Director For For Management

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AMERICAN ISRAELI PAPER MILLS LTD.

Ticker: AIP Security ID: 027069509

Meeting Date: NOV 25, 2007 Meeting Type: Special

Record Date: OCT 25, 2007 60;

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Issuance of Shares in One or More For For Management

Private Placements

1a Indicate Personal Interest in Proposed None Against Management

Agenda Item 0;

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AMPAL-AMERICAN ISRAEL CORP.

Ticker: AMPL Security ID: 032015109

Meeting Date: DEC 4, 2007 Meeting Type: Annual

Record Date: NOV 14, 2007 60;

# Proposal Mgt Rec Vote Cast Sponsor

1.1 Elect Director Yosef Maiman For Withhold M anagement

1.2 Elect Director Jack Bigio For Withhold Management

1.3 Elect Director Leo Malamud For Withhold Management

1.4 Elect Director Joseph Yerushalmi For Withhold Management

1.5 Elect Director Nimrod Novik For Withhold Management

1.6 Elect Director Yehuda Karni For Withhold Management

1.7 Elect Director Eitan Haber For Withhold Management

1.8 Elect Director Menahem Morag For& #160; Withhold Management

2 Ratify Auditors For Against Management

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

AUDIOCODES LTD.

Ticker: AUDC Security ID: M15342104

Meeting Date: DEC 20, 2007 Meeting Type: Annual

Record Date: NOV 20, 2007

# Proposal &# 160; Mgt Rec Vote Cast Sponsor

1 Elect Osnat Ronen as External Director For For Management

2 Approve Grant of Options to Osnat Ronen For Against Management

3 Approve Compensation of Non-Executive For For Management

Directors

4 Approve Election of Kost Forer Gabbay & For For Management

Kasierer as Auditors and Authorize Board

to Fix Their Remuneration

5 Accept Financial Statements and Statutory None None Management

Reports year ended December 31, 2006

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

AUDIOCODES LTD. 0;

Ticker: AUDC Security ID: M15342104

Meeting Date: DEC 20, 2007 Meeting Type: Annual & #160;

Record Date: NOV 20, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1.1 Elect Director Osnat Ronen For For Management

2 SUBJECT TO APPROVAL OF PROPOSAL ONE, TO For Against Management

APPROVE THE GRANT TO OSNAT RONEN OF

OPTIONS TO PURCHASE ORDINARY SHARES OF

THE COMPANY.

3 TO APPROVE CHANGES TO THE COM PENSATION OF For For Management

THE COMPANY S NON-EXECUTIVE DIRECTORS.

4 Ratify Auditors For For Management

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

BANK HAPOALIM B.M.

Ticker: Security ID: M1586M115

Meeting Date: MAR 20, 2008 Meeting Type: Annual

Record Date: FEB 18, 2008 0;

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements For Year None Did Not Management

& #160; 2006 Vote

2.1 Reappoint Oded Sarig as Director For Did Not Management

Vote

2.2 Reappoint Mali Baron as External Director For Did Not Management

Vote 60;

2.3 Reappoint Leslie Littner as External For Did Not Management

Director Vote

2.4 Reappoint Nir Ziklinski as Director For Did Not&# 160; Management

Vote

2.5 Reappoint Ronen Israel as Director For Did Not Management

0; Vote

3 Approve Remuneration of Directors For Did Not Management

60; Vote

3.1 Approve Remuneration of Efrat Peled and For Did Not Management

Nir Ziklinski Vote

3.1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

4 Approve Director/Officer Liability and For Did Not Management

Indemnification Agreements Vote

4.1 Approve Director/Officer Liability and For Did Not Management

Indemnification Agreements of Efrat Peled Vote

and Nir Ziklinski

4.1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

5.1 Approve Director/Officer Liability and For Did Not Management

Indemnification Insurance Vote

5.1a Indicate Personal Interest in Proposed None Did Not Manage ment

Agenda Item Vote

5.2 Approve Extension of Director/Officer For Did Not Management

Liability and Indemnification Insurance Vote 0;

5.2a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

6 Reappoint Auditors and Authorize Board to For Did Not Management

Fix Their Remuneration Vote

7 Approve Employment Agreement of Board For Did Not Management

Chairman Including Grant of Options & #160; Vote

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

BANK LEUMI LE-ISRAEL BM &# 160;

Ticker: Security ID: M16043107

Meeting Date: JAN 17, 2008 Meeting Type: Special

Record Date: DEC 17, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Director/Officer Liability and For Did Not Management

Indemnification Insurance Vote

2 Amend Employment Agreement of Board For Did Not Management

Chairman 0; Vote

3 Elect Israel Gilead as External Director For Did Not Management

Vote 60;

3a Indicate If You Are a Controlling None Did Not Management

Shareholder Vote

4 Approve Compensation of Directors and For Did Not Management

External Directors Vote

5 Approve Dividend For Did Not Management

Vote

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

BEZEQ THE ISRAELI TELECOM. CORP. LTD.

Ticker: Security ID: M2012Q100

Meeting Date: SEP 4, 2007 Meeting Type: Annual

Record Date: AUG 6, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and None None Management

Directors Reports For Year 2006

2 Approve Auditors and Aut horize Board to For For Management

Fix Their Remuneration

3a Elect S. Grabiner as Director For For Management

3b ; Elect S. Rodav as Director For For Management

3c Elect A. Shaliv as Director For For Management

3d Reelect R. Gottfried as Director For For Management

3e Reelect M. Grabiner as Director&# 160; For For Management

3f Reelect Z. Cohen as Director For For Management

3g Reelect R. Numkin as Director For For Management

3h Reelect A. Saban as Director & #160; For For Management

3i Reelect M. Anbar as Director For For Management

3j Reelect Y. Foret as Director For For Management

3k Reelect A. Tzinoff as Director For For Management

3l Reelect K. Kiari as Director For For Management

3m Reelect Y. Rubinstein as Director For For Management

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

BEZEQ THE ISRAELI TELECOM. CORP. LTD.

Ticker: Security ID: M2012Q100

Meeting Date: SEP 19, 2007 Meeting Type: Special

Record Date: AUG 21, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Final Dividend of NIS 0.29 Per For For Management

Share &# 160;

2 Appoint David Gilboa as Director For For Management

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

BEZEQ THE ISRAELI TELECOM. CORP. LTD.

Ticker: Security ID: M2012Q100

Meeting Date: DEC 26, 2007 Meeti ng Type: Special

Record Date: NOV 28, 2007

# Proposal 60; Mgt Rec Vote Cast Sponsor

1 Approve Grant of Option to Two Employee For Against Management

Directors

2 Approve Bonus of Outgoing Board Chairman For Against Management

3 Approve Dividend For For Management

4 Ratify Decision of Previous EGM to For For Management

Appoint New Director 0;

5 Approve Director/Officer Indemnification For For Management

Agreements

6.1 Approve Director/Officer Liability and For For Management

Indemnification Insurance

6.2 Approve Future Director/Officer Liability For Against Manage ment

and Indemnification Insurance Without

Shareholder Approval

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

BEZEQ THE ISRAELI TELECOM. CORP. LTD.

Ticker: 60; Security ID: M2012Q100

Meeting Date: JAN 31, 2008 Meeting Type: Special

Record Date: JAN 3, 2008 ;

# Proposal Mgt Rec Vote Cast Sponsor

1 Appoint Yitzhak Edelman as External For Did Not Management

Director 60; Vote

1a Indicate If You Are a Controlling None Did Not Management

Shareholder Vote & #160;

2 Approve Compensation of Yitzhak Edelman For Did Not Management

Including Grant of Indemnity Vote

3 Approve Issuance of Shares to Executives For Did Not Management

Vote

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

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BEZEQ THE ISRAELI TELECOMMUNICATION CORP. LTD.

Ticker: Security ID: M2012Q100

Meeting Date: APR 3, 2008 Mee ting Type: Special

Record Date: MAR 20, 2008

# Proposal &# 160; Mgt Rec Vote Cast Sponsor

1 Approve Cash Dividend Distribution For For Management

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

BIOLINE RX LTD

Ticker: Security ID: M2014R106

Meeting Date: JUL 23, 2007 Meeting Type: Annual

Record Date: JUN 25, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Appoint Tamar Howson as Director For For Management

2 Approve Remuneration For Howson Including For Against Management

Grant of Options & #160;

3 Amend Compensation Agreement of CEO For Against Management

Including Grant of Options

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

BIOLINE RX LTD

Ticker: Security ID: M2014R106

Meeting Date: NOV 29, 2007 Meeting Type: Special

Record Date: NOV 14, 2007 60;

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Increase in Authorized Capital For Against Management

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

BLUE SQUARE CHAIN INVESTMENT & PROPERTIES LTD.

Ticker: Security ID: M2017U106

Meeting Date: JAN 6, 2008 Meeting Type: Special

Record Date: DEC 3, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Appoint Moshe Amit as External Director For Did Not Management

&# 160; Vote

1a Indicate If You Are a Controlling None Did Not Management

Shareholder Vote

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CAMTEK LTD. &# 160;

Ticker: CAMT Security ID: M20791105

Meeting Date: DEC 27, 2007 Meeting Type: Written Consent

Record Date: NOV 23, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1.1 0; Elect Director Rafi Amit For Did Not Management

Vote

1.2 Elect Director Yotam Stern For 60; Did Not Management

Vote

1.3 Elect Director Eran Bendoly For Did Not Management

Vote

2 GRANT OF 18,000 RESTRICTED SHARE UNITS None Did Not Management

(RSU) TO RAFI AMIT. SHAREHOLDERS WHO DO Vote & #160;

NOT HAVE A PERSONAL INTEREST IN THE ABOVE

GRANT SHOULD INDICATE THEIR VOTE HERE.

3 GRANT 18,000 RSU TO RAFI AMIT. 0; None Did Not Management

SHAREHOLDERS WHO HAVE A PERSONAL INTEREST Vote

IN THE ABOVE GRANT SHOULD INDICATE THEIR

VOTE HERE. 0;

4 GRANT OF 7,200 RESTRICTED SHARE UNITS None Did Not Management

(RSU) TO YOTAM STERN. SHAREHOLDERS WHO DO Vote

60; NOT HAVE A PERSONAL INTEREST IN THE ABOVE

GRANT SHOULD INDICATE THEIR VOTE HERE.

5 GRANT 7,200 RSU TO YOTAM STERN. None Did Not Management

SHAREHOLDERS WHO HAVE A PERSONAL INTEREST Vote

IN THE ABOVE GRANT SHOULD INDICATE THEIR

VOTE HERE.

6 APPROVAL AND ADOPTION OF DIRECTORS AND For Did Not Management

OFFICERS LIABILITY INSURANCE POLICY. Vote

7 APPROVAL OF A FRAMEWORK AGREEMENT FOR THE None Did Not Managem ent

PURCHASE OF DIRECTORS AND OFFICERS Vote

LIABILITY INSURANCE POLICY. SHAREHOLDERS

WHO DO NOT HAVE A PERSONAL INTEREST 60;

SHOULD INDICATE THEIR VOTE HERE.

8 APPROVAL OF A FRAMEWORK AGREEMENT FOR THE None Did Not Management

PURCHASE OF DIRECTORS AND OFFICERS &# 160; Vote

LIABILITY INSURANCE POLICY. SHAREHOLDERS

WHO HAVE A PERSONAL INTEREST SHOULD

INDICATE THEIR VOTE HERE.

9 Ratify Auditors For Did Not Management

&# 160; Vote

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

CHECK POINT SOFTWARE TECHNOLOGIES LTD. &# 160;

Ticker: CHKP Security ID: M22465104

Meeting Date: SEP 4, 2007 Meeting Type: Annual

Record Date: JUL 27, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 ELECTION OF DIRECTORS: GIL SHWED, MARIUS For For Management

NACHT, JERRY UNGERMAN, DAN PROPPER, DAVID

RUBNER, TAL SHAVIT. 0;

2 TO RATIFY THE APPOINTMENT AND For For Management

COMPENSATION OF CHECK POINT S INDEPENDENT

PUBLIC ACCOUNTANTS. 60;

3 TO APPROVE COMPENSATION TO CERTAIN CHECK For Against Management

POINT EXECUTIVE OFFICERS WHO ARE ALSO

BOARD MEMBERS. & #160;

4 PLEASE INDICATE WHETHER OR NOT YOU HAVE A None Against Management

PERSONAL INTEREST IN PROPOSAL 3. MARK

FOR IF YES OR AGAINST IF NO.

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

CLAL INDUSTRIES AND INVESTMENTS LIMITED 0;

Ticker: Security ID: M2439C106

Meeting Date: JUL 10, 2007 Meeting Type: Annual

Record Date: JUN 26, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report For Year 2006

2 Appoint N. Dankner, E. Cohen, Z. Dankner, For For Management

Y. Menor, D. Menor, S. Livnat, A. Pishar,

L. Chanas, R. Bisker, Y. Davrat, M.

Shimel, D. Levitan and A. Rozenfeld & #160;

3 Approve Kost Forer Gabay and Kasierer as For For Management

Auditors and Authorize Board to Fix Their

Remuneration & #160;

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

CLAL INSURANCE ENTERPRISE HOLDINGS LTD. 0;

Ticker: Security ID: M2447P107

Meeting Date: OCT 23, 2007 Meeting Type: Special

Record Date: SEP 25, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Elect Sholmit Bendel as External Director For For Management

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DAN VEHICLE & TRANSPORTATION D.R.T. LTD.

Ticker: Security ID: M2720K106

Meeting Date: APR 6, 2008 Meeting Type: Annual

Record Date: MAR 27, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statem ents Directors' For For Management

Report For Year 2007

2 Approve Auditors and Authorize Board to For For Management

Fix Th eir Remuneration

3 Reelect S. Levi, M. Nagar, S. Raphaeli, For For Management

E. Kesden, D. Eyani, and E. Richter as

Directors

4 Elect N. Tzabar as Director For For Management

5 Approve Remuneration of Board Chairman For&# 160; Against Management

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DISCOUNT INVESTMENT CORP. LTD.

Ticker: Security ID: M28072102

Meeting Date: JUL 10, 2007 Meeting Type: Annual

Record Date: JUN 20, 2007 & #160;

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report For Year 2006

2 Appoint N. Dankner, E. Cohen, Z. Dankner, For For Management

D. Menor, Y. Menor, T. Livnat, A. Pishar, & #160;

R. Bisker, S. Ben-Zaav, Y. Shimal, G.

Lehev and A. Rosenfeld

3 Ratify Somech Chaikin as Auditors and For For Management

Discuss Remuneration in 2006

4 Approve Increase in Authorized Capital For For Management

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

DISCOUNT INVESTMENT CORP. LTD.

Ticker: Security ID: M28072102

Meeting Date: MAR 11, 2008 Meeting Type: Special

Record Date: FEB 10, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Terms of Employment for Daughter For Did Not Management

&# 160; of Controlling Shareholder Vote

1.1 Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote 0;

2 Elect Moshe Arad as External Director For Did Not Management

Vote

2.1 Indicate If You Are a Controlling 60; None Did Not Management

Shareholder Vote

3 Amend Articles Re: Approval of For Did Not Management

0; Transactions Vote

4 Increase Authorized Common Stock For Did Not Management

60; Vote

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

DISCOUNT INVESTMENT CORP. LTD. ;

Ticker: Security ID: M28072102

Meeting Date: APR 3, 2008 Meeting Type: Special

Record Date: MAR 3, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Related Party Transaction For Did Not Management

Vote

1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

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DSP GROUP, INC.

Ticker: DSPG Security ID: 23332B106

Meeting Date: MAY 19, 2008 Meeting Type: Annual

Record Date: MAR 28, 2008

# Proposal 0; Mgt Rec Vote Cast Sponsor

1.1 Elect Director Yair Seroussi For For Management

1.2 Elect Director Yair Shamir For For Management

2 Amend Non-Employee Directo r Stock Option For For Management

Plan

3 Amend Qualified Employee Stock Purchase For For Management

Plan

4 Ratify Auditors For For Management

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

ECI TELECOM LTD.

Ticker: ECIL Security ID: 268258100

Meeting Date: AUG 29, 2007 Meeting Type: Special

Record Date: JUL 23, 2007 0;

# Proposal Mgt Rec Vote Cast Sponsor

1 TO APPROVE THE AGREEMENT AND PLAN OF For For Management

&# 160; MERGER, DATED AS OF JULY 1, 2007 (THE

MERGER AGREEMENT ), BY AND AMONG EPSILON

1 LTD., AN ISRAELI COMPANY (THE 60;

PURCHASER ), EPSILON 3 LTD., AN ISRAELI

COMPANY AND A WHOLLY OWNED INDIRECT

SUBSIDIARY OF THE PURCHASER 0;

2 TO APPROVE A SPECIAL BONUS IN THE AMOUNT For Against Management

OF $1,050,000 TO SHLOMO DOVRAT, ECI S

0; OUTGOING CHAIRMAN OF THE BOARD.

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

ECTEL LTD ;

Ticker: ECTX Security ID: M29925100

Meeting Date: JUL 30, 2007 Meeting Type: Annual 60;

Record Date: JUN 12, 2007

# Proposal ; Mgt Rec Vote Cast Sponsor

1 RE-ELECTION OF DIRECTOR - YAIR COHEN For For Management

2 RE-ELECTION OF DIRECTOR - RAMI ENTIN For For Management

3 APPROVAL OF GRANT TO THE CHAIRMAN OF THE For Against Management

60; BOARD EQUITY-BASED COMPENSATION

4 ELECTION OF DIRECTOR - RAANAN COHEN For For Management

5 ELECTION OF MS. MALI BARON AS AN EXTERNAL For For Management

DIRE CTOR

6 APPROVAL OF COMPENSATION TO BE PAID TO For Against Management

MS. MALI BARON IN HER CAPACITY AS AN

EXTERNAL DIRECTOR AND THE GRANT TO HER OF

EQUITY-BASED COMPENSATION

7 Ratify Auditors & #160; For For Management

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

ECTEL LTD. &# 160;

Ticker: ECTX Security ID: M29925100

Meeting Date: APR 8, 2008 Meeting Type: Special ;

Record Date: FEB 26, 2008

# Proposal Mgt Rec Vote Cast Sponsor ;

1 APPROVAL OF REGISTRATION RIGHTS AGREEMENT For Did Not Management

BETWEEN THE COMPANY AND ITS TWO LARGEST Vote

SHAREHOLDERS AND THEIR AFFILIATES

2 PLEASE INDICATE IF YOU HAVE A PERSONAL None Did Not Management

INTEREST (AS DEFINED IN THE PROXY Vote

STATEMENT) WITH RESPECT TO RESOLUTION NO.

< p style="margin:0in 0in .0001pt;"> 1 MARK FOR = YES & AGAINST = NO

3 APPROVAL OF COMPENSATION AND GRANT OF For Did Not Management

EQUITY-BASED COMPENSATION TO MR. YAIR Vote

COHEN, THE CHAIRMAN OF THE COMPANY'S

BOARD OF DIRECTORS

4 ; PLEASE INDICATE IF YOU HAVE A PERSONAL None Did Not Management

INTEREST (AS DEFINED IN THE PROXY Vote

STATEMENT) WITH RESPECT TO RESOLUTION NO.

& #160; 3 MARK FOR = YES & AGAINST = NO

5 APPROVAL OF GRANT OF EQUITY-BASED For Did Not Management

COMPENSATION TO MR. RAMI ENTIN, A MEMBER Vote

OF THE COMPANY'S BOARD OF DIRECTORS

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

EL AL ISRAEL AIRLINES LTD.

Ticker: Security ID: M3741D113

Meeting Date: OCT 16, 2007 Meeting Type: Annual &# 160;

Record Date: SEP 18, 2007

# Proposal Mgt Rec V ote Cast Sponsor

1 Reappoint I. Borovitz, T. Borovitz, A. For For Management

Sagis, N. Palati, A. Lifkin Sach and

Elect E. Ilan and Y. Levi as Directors & #160;

2 Reappoint Auditors and Authorize Board to For For Management

Fix Their Remuneration

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

EL AL ISRAEL AIRLINES LTD.

Ticker: 0; Security ID: M3741D113

Meeting Date: FEB 5, 2008 Meeting Type: Special

Record Date: JAN 6, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Amend Compensation of Directors Excluding For For Management

External Director and Board Chairman ;

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

ELBIT SYSTEMS LTD

Ticker: ESLT Security ID: M3760D101

Meeting Date: AUG 13, 2007 Meeting Type: Annual

Record Date: JUL 11, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1a Elect Moshe Arad as Director For For Management

1b Elect Avraham Ashri as Director For For Management

1c Elect Rina Baum as Director For For Management

1d Elect Dav id Federmann as Director For For Management

1e Elect Michael Federmann as Director For For Management

1f Elect Yigal Ne'eman as Director For For Management

1g Elect Dov Ninveh as Director For 0; For Management

2 Reappoint Kost Forer Gabay and Kasierer For For Management

as Auditors

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

ELBIT SYSTEMS LTD.

Ticker: ESLT Security ID: M3760D101

Meeting Date: MAR 23, 2008 Meeting Type: Special

Record Date: FEB 19, 2008 60;

# Proposal Mgt Rec Vote Cast Sponsor

1 Adopt New By-Laws For Did Not Management

Vote

2 Reelect Nathan Sharony as External For Did Not Management

Director ; Vote

2.1 Indicate If You Are a Controlling None Did Not Management

Shareholder Vote &# 160;

3 Approve Bonus/Compensation/Remuneration For Did Not Management

of Directors Vote

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

ELCO HOLDINGS LTD.

Ticker: 0; Security ID: M3787F105

Meeting Date: AUG 5, 2007 Meeting Type: Annual

Record Date: JUL 19, 2007 & #160;

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report For Year Ended Dec. 31,

2006

2 Reappoint Rozanski, Halipi, Meiri, Shoti For For Managemen t

and Kost Forer Gabay and Kasierer as

Auditors

3 Reappoint G. Zilkind, D. Zilkind and Uri For For Management

Ben-Ari

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ELRON ELECTRONIC INDUSTRIES LTD.

Ticker: ELRN Security ID: 290160100 & #160;

Meeting Date: OCT 18, 2007 Meeting Type: Annual

Record Date: SEP 18, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1a Elect Arie Mientkavich as Director For For Management

1b Elect Ami Erel as Director For For Management

1c Elect Avraham Asheri as Director For For Management

1d Elect Gabi Barbash as Director For For Management

1e Elect Yair Be'ery as Director For For Management

1f Elect Ari Bronshtein as Director For For Management

1g Elect Nochi Dankner as Director For For Management

1h Elect Avraham Fischer as Director For For Management

1i Elect Shay Livnat as Director &# 160; For For Management

1j Elect Dori Manor as Director For For Management

1k Elect Arie Ovadia as Director For For Management

1l Elect Amos Shapira as Director For & #160; For Management

2 Approve Compensation of Directors For For Management

3 Approve Compensation of Directors For For Management

3a Indicate Personal Interest in Proposed None Abstain Management

Agenda Item

4 Approve Consulting Agreement with Gabi For For Management

Barbash

5 Approve Consulting Agreement with Yair For For Management

Be'ery &# 160;

6 Adopt Israeli GAAP as Primary Accounting For For Management

Principles

7 Approve Auditors and Authorize Board to For For Management

Fix Their Remuneration

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

ELRON ELECTRONIC INDUSTRIES LTD.

Ticker: ELRN Security ID: 290160100

Meeting Date: APR 2, 2008 Meeting Type: Special

Record Date: MAR 3, 2008

# Proposal &# 160; Mgt Rec Vote Cast Sponsor

1 Approve Adjustment to Compensation of VP For Did Not Management

Yair Cohen Vote

1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

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

F.I.B.I. HOLDINGS LTD

Ticker: 0; Security ID: M4252W102

Meeting Date: OCT 11, 2007 Meeting Type: Annual

Record Date: SEP 5, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Statutory Reports 60;

2 Elect T. Beino, G. Beino, Y. Alshich, G. For For Management

Stock and H. Kofer as Directors

3 Elect G. Roter as External Director For For Management

4 Approve Auditors and Authorize Board to For For Management

Fix Their Remuneration

5 Discuss Auditor Remuneration For Year For For Management

2006

6 Amend Articles Re: Clarification of For & #160; Against Management

Procedures with Controlling Shareholders

and Officers

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

FIRST INTERNATIONAL BANK OF ISRAEL LTD.

Ticker: 0; Security ID: M1648G114

Meeting Date: DEC 5, 2007 Meeting Type: Special

Record Date: NOV 6, 2007 & #160;

# Proposal Mgt Rec Vote Cast Sponsor

1 Reappoint Daniel Forman as External For Did Not Management

Director ; Vote

2 Increase Compensation of External For Did Not Management

Directors ; Vote

3 Increase Compensation of Tzadik Beino and For Did Not Management

Gil Beino Vote

3.1 Indicate Personal I nterest in Proposed None Did Not Management

Agenda Item Vote

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

FIRST INTERNATIONAL BANK OF ISRAEL(FIBI)

Ticker: Security ID: M1648G114

Meeting Date: SEP 9, 2007 Meeting Type: Annual

Record Date: SEP 2, 2007

# Prop osal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report for Year Ended Dec. 31,

2006

2a Fix Number of Directors at 12 Including For For Management

External Directors 0;

2b Reappoint Z. Elad, Z. Bino, D. Araval, G. For For Management

Bino, A. Goldschmidt, D. Lev, G. Lahav,

G. Mayuchas, Y. Ne'ema n and D. Proper as

Directors

3 Discuss Auditors' Remuneration in 2006 For For Man agement

4 Ratify Somech Chaikin as Auditors For For Management

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

FMS ENTERPRISES MIGUN (FRM. FIBROTEC F.M.S (1986) LTD) 0;

Ticker: Security ID: M42619102

Meeting Date: DEC 26, 2007 Meeting Type: Annual

Record Date: DEC 10, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 0; Discuss Financial Statements and For For Management

Directors' Report for Year Ended Dec. 31,

2006 0;

2 Appoint D. Bloom, A. Bloom, R. Barak, D. For For Management

Frankenthal, and Y. Yechieli as Directors

3 Reappoint Auditors and Authorize Board to For For Management < /font>

Fix Their Remuneration

4 Approve Final Dividend for 2006 For Against Management

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

FMS ENTERPRISES MIGUN LTD. (FRM. FIBROTEC F.M.S (1986) LTD.)

Ticker: Security ID: M42619102 &# 160;

Meeting Date: FEB 12, 2008 Meeting Type: Special

Record Date: JAN 14, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Elect Yitzhak Leviya as External Director For Did Not Management

Vote 0;

1a Indicate If You Are a Controlling None Did Not Management

Shareholder Vote

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

FORMULA SYSTEMS (1985) LTD.

Ticker: &# 160; FORTF Security ID: M46518102

Meeting Date: MAR 20, 2008 Meeting Type: Annual

Record Date: FEB 21, 2008 60;

# Proposal Mgt Rec Vote Cast Sponsor

1.1 Reelect Guy Bernstein as Director For For Management

1.2 Reelect Shimon Laor as Director 60; For For Management

1.3 Reelect Tal Barnoach as Director For For Management

1.4 Reelect Hadas Gazit Kaiser as Director For For Management

1.5 Reelect Shlomo Nass as Director For For Management

2 Reappoint Auditors and Authorize Board to For For Management

Fix Their Remuneration

3 Approve Stock Option Plan For Against 60; Management

4 Approve Compensation of Outgoing Board For For Management

Chairman

5 Approve Compensation of CEO 0; For For Management

6 Approve Grant of Options of Guy Bernstein For For Management

as Executive Director

7 Re ceive Financial Statements and None None Management

Statutory Reports (Non-Voting)

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

FORMULA VISION TECHNOLOGIES (FVT) LTD.

Ticker: Security ID: M6825X103

Meeting Date: AUG 5, 2007 Meeting Type: Special

Record Date: JUL 5, 2007

# Proposa l Mgt Rec Vote Cast Sponsor

1 Authorize Board Chairman D. Goldstein to For Against Management

Serve as CEO ;

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

FORMULA VISION TECHNOLOGIES (FVT) LTD.

Ticker: Security ID: M6825X103

Meeting Date: JAN 30, 2008 Meeting Type: Special

Record Date: DEC 31, 2007 &# 160;

# Proposal Mgt Rec Vote Cast Sponsor

1 Elect External Director For Did Not Management

Vote

1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item & #160; Vote

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

FORMULA VISION TECHNOLOGIES (FVT) LTD.

Ticker: Security ID: M6825X103

Meeting Date: APR 30, 2008 Meeting Type: Annual &# 160;

Record Date: MAR 26, 2008

# Proposal Mgt Rec Vote Cast Sponsor

1 Accept Financial Statements and For For Management

Directors' Report for Year 2006

2 Reappoint Auditors and Authorize Board to For For Management

Fix Their Remuneration

3 Elect Directors (Bundled) For For Management

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

GAZIT GLOBE (1982) LTD

Ticker: Security ID: M4792X107

Meeting Date: NOV 27, 2007 Meeting Type: Annual

Record Date: OCT 29, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report for Year Ended Dec. 31, 0;

2006

2 Reappoint Auditors and Authorize Board to For For Management

Fix Their Remuneration

3 Reappoint Chaim Katzman as Director For For Management

4 Appoint Yair Orgold as External Director For For Management

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

GAZIT GLOBE LTD.

Ticker: Security ID: M4792X107

Meeting Date: FEB 19, 2008 Meeting Type: Special

Record Date: JAN 21, 2008 0;

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Director/Officer Liability and For For Management

Indemnification Insurance

2 Approve Bonus Payment of Arie Mientkavich For For Management

3 Authorize Dori Segal to serve as For For Managemen t

Executive Vice Chairman Instead of CEO

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

HABAS H.Z. INVESTMENTS (19 60) LTD.

Ticker: Security ID: M52535107

Meeting Date: SEP 3, 2007 Meeting Type: Annual/Special ;

Record Date: AUG 1, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and None None Management

Directors Reports for Year 2006

2 Appoint Eitan Ben Eliahu as External For For Management

Director

3 Appoint Chaim Barzel as Director For For Management

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

HABAS H.Z. INVESTMENTS (1960) LTD.

Ticker: & #160; Security ID: M52535107

Meeting Date: NOV 14, 2007 Meeting Type: Special

Record Date: OCT 15, 2007 & #160;

# Proposal Mgt Rec Vote Cast Sponsor

1 Elect Moshe Nativ as External Director For For Management

2 Elect Dan Dori as External Director &# 160; For For Management

3 Reappoint Auditors and Authorize Board to For For Management

Fix Their Remuneration

4 Reelect H. Habas, Y. Habas, Y. Weinstock, For &# 160; For Management

N. Habas, and D. Katz as Directors

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

HABAS H.Z. INVESTMENTS (1960) LTD.

Ticker: Security ID: M52535107

Mee ting Date: JAN 1, 2008 Meeting Type: Annual/Special

Record Date: DEC 2, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Compensation Agreement of Hertzel For Did Not Management

Habas in Connection with Rothchild Vote

Project

1a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote 0;

2 Approve Compensation Agreement of Baruch For Did Not Management

Habas in Connection with Yoo Tel-Aviv Vote

Project 0;

2a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

3 Approve Remuneration of Board Chairman For Did Not Management

Vote

3a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item Vote

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

HABAS H.Z. INVESTMENTS (1960) LTD.

Ticker: Security ID: M52535107

Meeting Date: MAY 14, 2008 Meeting Type: Special

Record Date: APR 14, 2008

# Proposal &# 160; Mgt Rec Vote Cast Sponsor

1 Approve Special Payments In Connection For Did Not Management

with Transaction Vote

1.1 Indicate Personal Interest in Proposed None & #160; Did Not Management

Agenda Item Vote

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

HAREL INSURANCE INVESTMENTS & FINANCES LTD.

Ticker: Security ID: M52635105

Meeting Date: AUG 6, 2007 Meeting Type: Annual

Record Date: JUL 16, 2007

# Proposal & #160; Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For For Management

Directors' Report For Year Ended Dec. 31,

2006 60;

2 Reappoint Y. Hamburger, G. Hamburger, Y. For For Management

Manor, Y. Zachnovar, L. Kabores-Hader, D. 0;

Cohen, G. Parel, A. Koor, B. Hamburger as

Directors

3 Reappoint Somech Chaikin as Auditors For For Management

4 Approve Director/Officer Liability and For For Management

Indemnification Insurance

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

HAREL INSURANCE INVESTMENTS & FINANCES LTD.

Ticker: ; Security ID: M52635105

Meeting Date: DEC 10, 2007 Meeting Type: Special

Record Date: NOV 12, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Approve Director/Officer Liability and For For Management

Indemnification Insurance

1a Indicate Personal Interest in Proposed None Against Management

Agenda Item &# 160;

2 Approve Compensation Agreement of Ariel For For Management

Koor as Director

2a Indicate Personal Interest in Proposed None Against Management

Agenda Item

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

HAREL INSURANCE INVESTMENTS & FINANCES LTD.

Ticker: Security ID: M52635105

Meeting Date: MAY 12, 2008 Meeting Type: Annual/Special

Record Date: APR 14, 2008

# Proposal 60; Mgt Rec Vote Cast Sponsor

1 Discuss Financial Statements and For Did Not Management

Directors' Report For Year 2007 Vote

2 Reappoint Y. Hamberger, G. Hamberger, Y. For Did Not Management

Menor, U. Salonim, Y. Zachnovar, L. Vote

Kiboras-Hadar, D. Cohen, A. Kur, and B.

Hamberger as Directors

3 Reappoint Somech Chaikin as Auditors and For Did Not Management

Discuss Their Remuneration For 2007 Vote

4 &# 160; Approve Terms of Compensation of Uri For Did Not Management

Salonim as Deputy Board Chairman Vote

4a Indicate Personal Interest in Proposed None Did Not Management

Agenda Item 60; Vote

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

HOUSING & CONSTRUCTION HOLDING CO. LTD. 60;

Ticker: Security ID: M5313B102

Meeting Date: AUG 19, 2007 Meeting Type: Special

Record Date: JUL 17, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Appoint Israel Tapuchi as External For For Management

Director

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

HOUSING & CONSTRUCTION HOLDING CO. LTD.

Ticker: Security ID: M5313B102

Meeting Date: AUG 19, 2007 Meeting Type: Special

Record Date: JUL 17, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Amend Articles Re: Adopt Simple Majority For For Management

To Amend Articles

2 Amend Articles Re: Director/Officer For For Management

Indemnification/Liability

3 &# 160; Approve Director/Officer Liability and For For Management

Indemnification Insurance

4 Approve Director/Officer Indemnification For For Management

&# 160;Provisions

5 Approve Director/Officer Indemnification For For Management

Agreements

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

HOUSING & CONSTRUCTION HOLDING CO. LTD. ;

Ticker: Security ID: M5313B102

Meeting Date: DEC 27, 2007 Meeting Type: Annual/Special

Record Date: DEC 10, 2007 60;

# Proposal Mgt Rec Vote Cast Sponsor

1 Reappoint R. Baraniv, E. Peled, I. For For Management

Isaacson, N. Zicklinsky, I. Dror, S.

Berkowitz, and T. Atsmon and Fix Their

Remuneration& #160;

2 Approve Auditors and Authorize Board to For For Management

Fix Their Remuneration 0;

3 Approve Bonus Payment of R. Baraniv For For Management

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

HOUSING & CONSTRUCTION HOLD ING CO. LTD.

Ticker: Security ID: M5313B102

Meeting Date: FEB 11, 2008 Meeting Type: Special & #160;

Record Date: JAN 10, 2008

# Proposal Mgt Rec Vote C ast Sponsor

1 Appoint Joseph Alshich as External For Did Not Management

Director Vote

1a Indicate If You Are a Controlling & #160; None Did Not Management

Shareholder Vote

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

HOUSING & CONSTRUCTION HOLDING CO. LTD.

Ticker: Security ID: M5313B102

Meeting Date: APR 13, 2008 Meeting Type: Special

Record Date: APR 1, 2008

# Proposal ; Mgt Rec Vote Cast Sponsor

1 Approve Bonus of Former Board Chairman For For Management

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

&nb sp;

IBI INVESTMENT HOUSE LTD(FORMERLY GACHELET)

Ticker: Security ID: M4714A102

Meeting Date: AUG 19, 2007 Meeting Type: Special

Record Date: JUL 20, 2007

# Proposal ; Mgt Rec Vote Cast Sponsor

1 Approve Annual Compensation to Directors For For Management

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

IBI INVESTMENT HOUSE LTD(FORMERLY GACHELET)

Ticker: Security ID: M4714A102

Meeting Date: DEC 31, 2007 Meeting Type: Annual &# 160;

Record Date: DEC 3, 2007

# Proposal Mgt Rec Vote Cast Sponsor

1 Receive Financial Statements and None None Management

Directors' Report For Year 2006

2.1 Reappoint David Weissberg as Director For For Management

2.2 Reappoint Zvi Luvetski as Director For For Management

2.3 Reappoint Emanuel Cook as Director For For Management

2.4 Reappoint Gideon Freytag as Director For For Management

3 Approve Remuneration of Directors and For For Management

External Directors

4 Approve Auditors and Authorize Board to For For Management

Fix Their Remuneration

--------------------------------------------------------------------------------
 
IDB DEVELOPMENT CORP                                                            
 
Ticker
:                      Security ID:  M2798P102                            
Meeting Date: JUL 2, 2007    Meeting Type: Special                              
Record Date:  JUN 26, 2007                                      &
#160;               
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Joint Venture Agreement with IDBG For       For        Management 
      Group USA Investments I
nc.                                                
 
 
--------------------------------------------------------------------------------
 
IDB DEVELOPMENT CORP                   
                                         
 
Ticker:                      Security ID:  M2798P102                            
Meeting Date: SEP 19, 2007   Meeting Type: Special             &#
160;                
Record Date:  SEP 9, 2007                                                       
 
#     Proposal                                  Mgt Rec   Vote Cas
t  Sponsor    
1     Approve Bonus Payment to Rafi Bisker      For       Against    Management 
 
 
--------------------------------------------------------------------------------
 
IDB DEVELOPMENT CORPORATION LTD.             
;                                   
 
Ticker:                      Security ID:  M2798P102                            
Meeting Date: NOV 21, 2007   Meeting Type: Special                     
;         
Record Date:  OCT 24, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Elect Amos Malcha as External Director    For       For        Management 
 
 
--------------------------------------------------------------------------------
 
IDB DEVELOPMENT CORPORATION LTD.                  
0;                             
 
Ticker:                      Security ID:  M2798P102                            
Meeting Date: DEC 16, 2007   Meeting Type: Annual/Special                       
Record Date:  DEC 2, 2007                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       For        Management 
      Directors' Report For Year Ended Dec. 31,                                 
      2006                                             
60;                        
2     Reappoint Nochi Dankner, Avi Fisher, Rafi For       For        Management 
      Bisker, Avraham Ben Yosef, Zahava                                         
      Dankner, Eliahu Cohen, Zvi Livnat, Shai    &
#160;                              
      Livnat, Dori Menor, Yitzhak Menor, Yaakov                                 
      Shimel, and Irit Isaacson as Directors                                    
3     Ratify Somech Chaikin as Auditors and     For       For        Management 
      Discuss their Remuneration During                                         
      Previous Year                                           
;                  
4     Amend Articles                            For       Against    Management 
 
 
--------------------------------------------------------------------------------
 
IDB DEVELOPMENT CORPORATION LTD.                                                
 
Ticker:                      Security ID:  M2798P102                            

Meeting Date: APR 3, 2008    Meeting Type: Special                              
Record Date:  MAR 6, 2008                                                       
 
#     Proposal             
0;                    Mgt Rec   Vote Cast  Sponsor    
1     Approve Related Party Transaction         For       Did Not    Management 
                                                          Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
IDB DEVELOPMENT CORPORATION LTD.                                                
 
Ticker:                      Security ID:  M2798P102&#
160;                           
Meeting Date: APR 10, 2008   Meeting Type: Special                              
Record Date:  MAR 30, 2008                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Financing Related to Las Vegas    For       For        Management 
      Real Estate Projects                         &
#160;                            
2     Approve Purchasing Rights                 For       For        Management 
 
 
--------------------------------------------------------------------------------
 
IDB HOLDING CORPORATION LTD.                                                    
 
Ticker:                      Security ID:  M5338Y111                            
Meeting Date: DEC 16, 2007   Meeting Type: Annual                               
Record Date:  DEC 2, 2007                                                       
 
#     Proposal     
60;                            Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       For        Management 
      Directors' Report For Year Ended Dec. 31,                                 
 
60;    2006                                                                      
2     Reappoint Nochi Dankner, Rafi Bisker,     For       For        Management 
      Zahava Dankner, Shaul Ben Zaav, Lior                   &#
160;                  
      Chanas, Eliahu Cohen, Zvi Livnat, Dori                                    
      Menor, Yitzhak Menor, Meir Rosen, Yaakov                                  
      Shimel, and Ar
ie Mientkavich as Directors                                 
3.1   Ratify BDO Ziv Haft and Somech Chaikin as For       For        Management 
      Joint Auditors                                                            
3.2   Discuss Auditors' Remuneration For Year   None      None       Management 
      2006                                                                      
4     Amend Articles                 
0;          For       Against    Management 
 
 
--------------------------------------------------------------------------------
 
INDUSTRIAL BUILDINGS CORPORATION LTD.                                        
0;  
 
Ticker:                      Security ID:  M5514Q106                            
Meeting Date: AUG 12, 2007   Meeting Type: Special                              
Record Date:  JUL 26, 2007 
60;                                                    
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Elect H. Rozinski as Director        
60;    For       For        Management 
2     Elect M. Isaacson as Director             For       For        Management 
3     Approve Director/Officer Indemnification  For       For        Management 
      Provisions                          &
#160;                                     
4     Approve Director/Officer Indemnification  For       For        Management 
      Provisions Including Subsidiaries                                         
 
 
--------------------------------------------------------------------------------
 
INDUSTRIAL BUILDINGS CORPORATION LTD.                                           
 
Ticker:    &
#160;                 Security ID:  M5514Q106                            
Meeting Date: DEC 16, 2007   Meeting Type: Annual                               
Record Date:  NOV 11, 2007                                          
60;           
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       Did Not    Management 
      Directors' Report for Ye
ar Ended Dec. 31,           Vote                  
      2006                                                                      
2     Reappoint E. Fishman, R. Eben, S. Milo,   For       Did Not    Management 
      A. Manifez, M. Agrast, M. Isaacson, and             Vote                  
      H. Rozanski as Directors                                                  
3     Reappoint Auditors and Authorize Board to For       Did Not  
0; Management 
      Fix Their Remuneration                              Vote                  
4     Approve Darban/Jerusalem Economic         For       Did Not    Management 
      Transaction                      
;                   Vote                  
4a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
5     Authorize Participation by Joint Company  For       Did Not    Management 
      in Flights on Plane Belonging to Fishman            Vote                  
5a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item            
60;                            Vote                  
 
 
--------------------------------------------------------------------------------
 
ISRAEL CHEMICALS LIMITED                   
0;                                    
 
Ticker:                      Security ID:  M5920A109                            
Meeting Date: AUG 30, 2007   Meeting Type: Annual                   
            
Record Date:  AUG 12, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor   
 
1     Discuss Financial Statements and          For       For        Management 
      Directors Reports for Year 2006                                           
2     Reappoint Y. Rosen, N. Gilad, N. Yatziv,  For       For        Management 
      A. Paz, C. Erez, V. Medina, M. Vidman, A.                                 
      Shada, A. Shochat, and I. Isaacson as                                     
      Directors                   &
#160;                                             
3     Approve Auditors and Authorize Board to   For       For        Management 
      Fix Their Remuneration                                                    
4     Approve Director/Officer Liability and    For       For        Management 
      Indemnification Insurance                                                 
5     Amend Articles Re: Adopt Changes to       For       Against    Management 
      Israeli Companies Law                                                     
6     Amend Director/Officer Indemnification    For       For        Management 
      Provisions                       
0;                                        
 
 
--------------------------------------------------------------------------------
 
ISRAEL CHEMICALS LTD.                          &
#160;                                
 
Ticker:                      Security ID:  M5920A109                            
Meeting Date: FEB 11, 2008   Meeting Type: Special                      &#
160;       
Record Date:  JAN 24, 2008                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Compensation of Directors         For       For        Management 
 
 
--------------------------------------------------------------------------------
 
ISRAEL CORPORATION (THE)                  &
#160;                                     
 
Ticker:                      Security ID:  M8785N109                            
Meeting Date: MAY 14, 2008   Meeting Type: Annual/Special                &
#160;      
Record Date:  APR 6, 2008                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1.1   Elect Edan Ofer as Director and Approve   For       Did Not    Management 
      His Compensation                                    Vote                  
1.2   Elect Avi Levi as Director and Approve    For       Did Not    Management 
      His Compensation                                    Vote                  
1.3   Elect Ehud Angel as Director and Approve  For       Did Not    Management 
      His Compensation                                    Vote   
;               
1.4   Elect Amnon Leon as Director and Approve  For       Did Not    Management 
      His Compensation                                    Vote                  
1.5   Elect Zvi Itzkovitz as Director and       For     
  Did Not    Management 
      Approve His Compensation                            Vote                  
1.6   Elect Moshe Vidman as Director and        For       Did Not    Management 
      Approve His Compensation                   
;         Vote                  
1.7   Elect Yaakov Amidror as Director and      For       Did Not    Management 
      Approve His Compensation                            Vote                  
1.8   Elect Irit Isaacson as Director and   &
#160;   For       Did Not    Management 
      Approve Her Compensation                            Vote                  
2     Ratify Somech-Chaikin as Auditors         For       Did Not    Management 
                  
;                                        Vote                  
3     Approve Special Payment of Board Chairman For       Did Not    Management 
                                                      &#
160;   Vote                  
3a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
4     Discuss Financial
 Statements and          None      Did Not    Management 
      Directors' Report For Year 2007                     Vote                  
      (Non-Voting)                                                       
0;      
 
 
--------------------------------------------------------------------------------
 
ISRAEL DISCOUNT  BANK LTD.                                                      
 
Ticker:                      Security ID:  465074201                            
Meeting Date: AUG 26, 2007   Meeting Type: Special                              
Record Date:  JUL 26, 2007        &#
160;                                             
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Increase in Authorized Capital    For       For   
60;    Management 
2     Approve Compensation of Board Chairman    For       For        Management 
3     Approve Grant of Options To Board         For       Against    Management 
      Chairman                                              
0;                   
 
 
--------------------------------------------------------------------------------
 
ISRAEL DISCOUNT  BANK LTD.                                            
0;         
 
Ticker:                      Security ID:  465074201                            
Meeting Date: DEC 18, 2007   Meeting Type: Annual                               
Record Date:  NOV 18, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and&
#160;         None      For        Management 
      Directors' Report for Year Ended Dec. 31,                                 
      2006                                                             &#
160;        
2     Approve Final Dividend                    For       For        Management 
3.1   Reappoint Auditors and Authorize Board to For       For        Management 
      Fix Their Remuneration                                
                    
3.2   Receive Report Concerning Fees Paid to    None      None       Management 
      the Auditors for 2006                                                     
4.1   Elect Yitzhak Forer as Director    &
#160;      For       For        Management 
4.2   Elect Dafna Schwartz as External Director For       For        Management 
5     Confirm that S. Zohar, B. Eiger, I.       None      None       Management 
      Givton, B. Granit, T. Samet, T. Shamir,                            &
#160;      
      Y. Sharir, E. Shesinsky, J. Singer, Z.                                    
      Streigold, J. Zafran, and B. Zilberfarb                                   
      Continue in Office          &#
160;                                             
 
 
--------------------------------------------------------------------------------
 
JERUSALEM ECONOMY LTD.                    
0;                                     
 
Ticker:                      Security ID:  M6186V100                            
Meeting Date: MAR 13, 2008   Meeting Type: Special                  
;            
Record Date:  MAR 6, 2008                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor  
  
1     Elect Meir Jacobson as External Director  For       Did Not    Management 
                                                          Vote                  
1a    Indicate If You are a Controlling         No
ne      Did Not    Management 
      Shareholder                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
KOOR INDUSTRIES LTD.                                                            
 
Ticker:                      Security ID:  M6384K112                    
0;       
Meeting Date: SEP 24, 2007   Meeting Type: Special                              
Record Date:  SEP 11, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Compensation to R. Bisker in      For       Against    Management 
      Connection with Sheraton Accor                                            
      Transaction                                                               
2     Approve appointment of Ami Erel as        For       For        Management 
      Chairman of Board of Directors       
60;                                    
 
 
--------------------------------------------------------------------------------
 
KOOR INDUSTRIES LTD.                               
                             
 
Ticker:                      Security ID:  M6384K112                            
Meeting Date: APR 3, 2008    Meeting Type: Special                        
60;     
Record Date:  MAR 6, 2008                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Related Party Transaction         For       Did Not    Management 
                                                          Vote                  
1a    Indicate Personal Interest in Proposed    None    
0; Did Not    Management 
      Agenda Item                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
KOOR INDUSTRIES LTD.                                                            
 
Ticker:                      Security ID:  M6384K112                         
0;  
Meeting Date: APR 10, 2008   Meeting Type: Special                              
Record Date:  MAR 30, 2008                                                      
 
#  &#
160;  Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Amend Articles                            For       Against    Management 
 
 
-------------------------------------------
- -------------------------------------
 
MAKHTESHIM - AGAN INDUSTRIES LTD                                                
 
Ticker:                      Security ID:  M67888103               
;             
Meeting Date: OCT 8, 2007    Meeting Type: Annual/Special                       
Record Date:  SEP 3, 2007                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       For        Management 
      Directors' Report for Year 2006                                     
      
2     Approve Auditors and Authorize Board to   For       For        Management 
      Fix Their Remuneration                                                    
3.1   Elect Avraham Biger as Director           For      
; For        Management 
3.2   Elect Nochi Dankner as Director           For       For        Management 
3.3   Elect Zvi Livnat as Director              For       For        Management 
3.4   Elect Yitzhak Menor as Directors          For       For        Management 
3.5   Elect Raanan Cohen as Director            For       For        Management 
3.6   Elect Chaim Gabrieli as Director          For       For        Management 
3.7   Elect Ami Arael as Director               For       For        Management 
3.8 
0; Elect Oren Lidar as Director              For       For        Management 
3.9   Elect Avi Fisher as Director              For       For        Management 
3.10  Elect Dov Pekelman as Director            For       For        Management 
3.11  Elect Charmona Shorek as Director       
;  For       For        Management 
4     Amend Articles Re: Director/Officer       For       For        Management 
      Indemnification/Liability                                                 
5     Amend Articles    
60;                       For       For        Management 
6     Approve Grant of Indemnity Undertakings   For       For        Management 
      to Non-Controlling Shareholder Directors                                  
7     Approve 
Grant of Indemnity Undertakings   For       For        Management 
      to Controlling Shareholder Directors                                      
 
 
--------------------------------------------------------------------------------
 
MAKHTESHIM - AGAN INDUSTRIES LTD                                                
 
Ticker:                      Security ID:  M67888103                            
Meeting Date: DEC 13, 2007   Meeting Type: Special                              
Record Date:  NOV 15, 2007                                                      
 
#     Proposal      
0;                           Mgt Rec   Vote Cast  Sponsor    
1     Authorize Board Chairman to Serve as CEO  For       Did Not    Management 
                                                          Vote                
  
1a    Indicate If You Are a Controlling         None      Did Not    Management 
      Shareholder                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
MAKHTESHIM - AGAN INDUSTRIES LTD.                                               
 
Ticker:                      Sec
urity ID:  M67888103                            
Meeting Date: FEB 17, 2008   Meeting Type: Special                              
Record Date:  JAN 20, 2008                                                      

 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Amend Terms of Service Regarding          For       For        Management 
      Management Agreement with Company Owned            
60;                      
      by Board Chairman                                                         
2     Amend Terms of Outstanding Options        For       For        Management 
3     Approve Grant of Options                  For       For        Management 
 
 
--------------------------------------------------------------------------------
 
MIND CTI  LTD                         
;                                          
 
Ticker:       MNDO           Security ID:  M70240102                            
Meeting Date: AUG 28, 2007   Meeting Type: Annual                
60;              
Record Date:  JUL 31, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
60;   
1     Ratify Auditors                           For       For        Management 
2     RE-ELECTION OF MS. MONICA EISINGER AS A   For       For        Management 
      CLASS 1 DIRECTOR OF THE COMPANY.                           &
#160;              
3     RE-ELECTION OF MR. AMNON NEUBACH AS AN    For       For        Management 
      OUTSIDE DIRECTOR OF THE COMPANY.                                          
 
 
--------------------------------------------------------------------------------
 
MINRAV HOLDINGS LTD.                                                            
 
Ticker:          
60;           Security ID:  M70271107                            
Meeting Date: DEC 31, 2007   Meeting Type: Annual                               
Record Date:  DEC 24, 2007                                                 
;     
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Reappoint Directors                       For       For        Management 
2  
   Reappoint Auditors and Authorize Board to For       For        Management 
      Fix Their Remuneration                                                    
3     Discuss Financial Statements and          For       For        Management 
      Directors' Report for Year Ended Dec. 31,                                 
      2006                                                                      
 
 
--------------------------------------------------------------------------------
 
MIZRAHI TEFAHOT BANK LTD (FORMERLY UNITED MIZRAHI BANK)                         
 
Ticker:                      Security ID:  M9540S110     
;                       
Meeting Date: AUG 12, 2007   Meeting Type: Annual                               
Record Date:  JUL 12, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       For        Management 
      Directors' Report For Year Ended Dec. 31,                    &#
160;            
      2006                                                                      
2a    Reelect Y. Pari as Director               For       For        Management 
2b    Reelect Y. Opher as Director              For       For        Management 
2c    Reelect M. Wartheim as Director           For       For        Management 
2d    Reelect Z. Efrat as Director              For       For        Management 
2e  
0; Reelect Y. Bahat as Director              For       For        Management 
2f    Reelect R. Gazit as Director              For       For        Management 
2g    Reelect L. Ofer as Director               For       For        Management 
2h    Reelect Y. Rosen as Director 
             For       For        Management 
2i    Reelect A. Shochat as Director            For       For        Management 
2g    Reelect. D. Mishur as Director            For       For        Management 
3     Reappoint Auditors and Authorize Board to For       For 
       Management 
      Fix Their Remuneration                                                    
4     Approve Annual Compensation of Board      For       For        Management 
      Chairman           
0;                                                      
 
 
--------------------------------------------------------------------------------
 
MIZRAHI TEFAHOT BANK LTD (FORMERLY UNITED MIZRAHI BANK)      
60;                  
 
Ticker:                      Security ID:  M9540S110                            
Meeting Date: SEP 18, 2007   Meeting Type: Special                              
Record Date:  AUG 17, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1 &#
160;   Elect Avi Zigelman as External Director   For       For        Management 
 
 
--------------------------------------------------------------------------------
 
MIZRAHI TEFAHOT BANK LTD.                                     &#
160;                 
 
Ticker:                      Security ID:  M9540S110                            
Meeting Date: MAR 27, 2008   Meeting Type: Special                              
Record Date:  FEB 26, 2008                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1  &
#160;  Approve Director/Officer Liability and    For       For        Management 
      Indemnification Insurance                                                 
 
 
--------------------------------------------------------------------------------
 
NICE-SYSTEMS LTD.                                                               
 
Ticker:       NICE           Security ID:  653656108              
;              
Meeting Date: DEC 24, 2007   Meeting Type: Annual                               
Record Date:  NOV 16, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Elect Ron Gutler as Director              For       For        Management 
2     Elect Joseph Atsmon as Director           For       For        Management 
3     Elect Rimon Ben-Shaoul as Director        For       For        Management 
4     Elect Yoseph Dauber as Director           For       For        Management 
5     Elect John Hughes as Director             For       For        Management 
6     Elect Dan Falk as External Director and   For       Against    Management 
      Approve His Compensation                                                  
7     Elect Yochi Dvir as External Director and For       Against    Management 
      Approve His Compens
ation                                                  
8     Reappoint Auditors and Authorize Board to For       For        Management 
      Fix Their Remuneration                                                 &#
160;  
9     Approve Annual Fee Paid to Board Chairman For       For        Management 
 
 
--------------------------------------------------------------------------------
 
NISKO INDUSTRIES (1992) LTD.                  &
#160;                                 
 
Ticker:                      Security ID:  M7505U104                            
Meeting Date: AUG 14, 2007   Meeting Type: Annual                     
60;         
Record Date:  JUL 17, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Review and Discuss Financial Statements   For       For        Management 
      and Directors' Report For Year Ended Dec.                                 
      31, 2006                                        &#
160;                         
2     Reappoint Y. Nitzan, A. Kidron, E. Sagia, For       For        Management 
      U. Haklai, and M. Arnas as Directors                                      
3     Appoint I. Sayar as Director         
     For       For        Management 
4     Appoint E. Rob as Director                For       For        Management 
5     Approve Services Agreement with Company   For       For        Management 
      Owned By Director                     &
#160;                                   
6     Approve Grant of Options To U. Haklai     For       Against    Management 
7     Approve Grant of Options To Y. Sagia      For       Against    Management 
8     Approve Increase in Remuneration of Y.    For       For        Man
agement 
      Sagia                                                                     
9     Approve Bonus Payment To Private Company  For       For        Management 
      Owned By E. Sagia      
                                                   
 
 
--------------------------------------------------------------------------------
 
NISKO INDUSTRIES (1992) LTD.              &#
160;                                     
 
Ticker:                      Security ID:  M7505U104                            
Meeting Date: DEC 31, 2007   Meeting Type: Annual/Special                &#
160;      
Record Date:  DEC 3, 2007                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Director/Officer Liability and    For       Did Not    Management 
      Indemnification Insurance                           Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
 
     Agenda Item                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
ORBOTECH LTD.  &
#160;                                                                
 
Ticker:       ORBK           Security ID:  M75253100                            
Meeting Date: SEP 6, 2007&#
160;   Meeting Type: Annual                               
Record Date:  JUL 27, 2007                                                      
 
#     Proposal                  &
#160;               Mgt Rec   Vote Cast  Sponsor    
1     ELECTION OF CLASS III DIRECTOR: YEHUDIT   For       For        Management 
      BRONICKI                                                                  
2     ELECTION OF CLASS III DIRECTOR: JACOB     For       For        Management 
      RICHTER                                                                   
3     ELECTION OF CLASS I DIRECTOR: ELIEZER     For       Against  &#
160; Management 
      TOKMAN (INCLUDING HIS REMUNERATION)                                       
4     Ratify Auditors                           For       For        Management 
 
 
--------------------------------------------------------------------------------
 
PLASSON INDUSTRIES LTD.                                                         
 
Ticker:       
0;              Security ID:  M7933B108                            
Meeting Date: JUL 9, 2007    Meeting Type: Annual                               
Record Date:  JUN 21, 2007                                             &
#160;        
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Appoint G. Peleg, T. Pozner-Chankin, I.   For       For        Management 
      Tessler, N. Dagan, G. Agmon, B. Hayaresh,  &#
160;                              
      E. Emiawitz, O. Borovsky, Y. Aram, A.                                     
      Alkalai and M. Baron as Directors                                         
2     Approve Somech Chaikin as Auditors and    For       For        Management 
      Authorize Board to Fix Their Remuneration                                 
 
 
--------------------------------------------------------------------------------
 
POLAR INVESTMENTS LTD.                                                          
 
Ticker:                      Security ID:  X65727103              
60;             
Meeting Date: DEC 5, 2007    Meeting Type: Special                              
Record Date:  NOV 1, 2007                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Elect Michal Herzog as External Director  For       Did Not    Management 
                                                    
      Vote                  
1a    Indicate If You Are a Controlling         None      Did Not    Management 
      Shareholder                                         Vote                  
&nbs
p;
 
--------------------------------------------------------------------------------
 
POLAR INVESTMENTS LTD.                                                          
 
Ticker:                      Security ID:  X65727103                            
Meeting Date: DEC 20, 2007   Meeting Type: Special                              
Record Date:  NOV 20, 2007                             
                         
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Management Agreement of Yehuda    For       Did Not    Management 
 
60;    Toledano Including Grant of Options                 Vote                  
2     Amend Terms of Outstanding Options for    For       Did Not    Management 
      CEO                                                 Vote          &
#160;       
2a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
3     Amend Management Agreement of CEO         For   &
#160;   Did Not    Management 
                                                          Vote                  
3a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item 
0;                                       Vote                  
4     Miscellaneous-Compensation Related        For       Did Not    Management 
                                                  &
#160;       Vote                  
 
 
--------------------------------------------------------------------------------
 
POLAR INVESTMENTS LTD.                                        
;                  
 
Ticker:                      Security ID:  X65727103                            
Meeting Date: JAN 29, 2008   Meeting Type: Special                              
<
font size="2" face="Courier" style="font-size:10.0pt;">Record Date:  DEC 24, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1 
0;   Approve Compensation Agreement of Zil     For       Did Not    Management 
      Feldman                                             Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
2     Reappoint Auditors and Authorize Board to For       Did Not    Management 
      Fix Their Remuneration                              Vote      
0;           
 
 
--------------------------------------------------------------------------------
 
PROCOGNIA LTD.                                                        &#
160;         
 
Ticker:                      Security ID:  M81579100                            
Meeting Date: MAR 31, 2008   Meeting Type: Special                              
Record Date:  MAR 2, 2008                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Remuneration Agreement 
of Y.      For       Against    Management 
      Yakir Including Grant of Options                                          
 
 
--------------------------------------------------------------------------------
 
PROPERTY & BUILDING CORPORATION LTD.                                            
 
Ticker:                      Security ID:  M8175G102                            
Meeting Date: SEP 4, 2007    Meeting Type: Annual                               
Record Date:  AUG 26, 2007                                                      
 
#     Proposal         
                         Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       For        Management 
      Directors' Report For Year 2006                                           
2     Reappoint R. Bisker, N. Dankner, Y.       For       For        Management 
      Manor, Z. Livnat, A. Arael, E. Cohen, R.                                  
      Cohen, O. Lidar, M. Shimel, G. Pikar, and                                 
      A. Rosenfeld as Directors                                                 
3     Approve Auditors and Authorize Board to   For       For        Management 
      Fix Their Remuneration                                 
                   
4     Approve Increase in Authorized Capital    For       For        Management 
 
 
--------------------------------------------------------------------------------
 
PROPERTY & BUIL
DING CORPORATION LTD.                                            
 
Ticker:                      Security ID:  M8175G102                            
Meeting Date: DEC 16, 2007   Meeting Type: Special       
0;                      
Record Date:  DEC 9, 2007                                                       
 
#     Proposal                                &
#160; Mgt Rec   Vote Cast  Sponsor    
1     Approve Purchase of Additional Rights in  For       Did Not    Management 
      US Companies for Real-Estate Development            Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
2     Approve Terms of Funding Regarding Item 1 For       Did Not    Management 
                                              
            Vote                  
 
 
--------------------------------------------------------------------------------
 
PROPERTY & BUILDING CORPORATION LTD.                                
0;           
 
Ticker:                      Security ID:  M8175G102                            
Meeting Date: JAN 27, 2008   Meeting Type: Special                              
Record Date:  DEC 30, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Amend Terms of Compensatio
n of Board      For       Did Not    Management 
      Chairman                                            Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Age
nda Item                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
PROPERTY & BUILDING CORPORATION LTD.   &
#160;                                        
 
Ticker:                      Security ID:  M8175G102                            
Meeting Date: APR 3, 2008    Meeting Type: Special             
60;                
Record Date:  MAR 6, 2008                                                       
 
#     Proposal                                  Mgt Rec   Vote Cast
  Sponsor    
1     Approve Related Party Transaction         For       Did Not    Management 
                                                          Vote                  
1a    Indicate Personal Inter
est in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
RADWARE LTD.                                                                    
 
Ticker:       RDWR           Security ID:  M81873107            &
#160;               
Meeting Date: JUL 10, 2007   Meeting Type: Annual                               
Record Date:  JUN 11, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1.1   Elect  Director Mr. Roy Zisapel           For       For        Management 
1.2   Elect  Director Mr. Herbert Anderson      For       For        Management 
2     Ratify Auditors                           For       For        Management 
3     APPROVAL OF COMPENSATION AND GRANT OF     For       Against    Management 
      STOCK OPTIONS TO THE EXECUTIVE CHAIRMAN                                   
      OF THE BOARD OF DIRECTORS.                                                
4     APPROVAL OF GRANT OF STOCK OPTIONS TO     For       Against    Management 
      CHIEF EXECUTIVE OFFICER.                               &
#160;                  
5     APPROVAL OF TERMS OF PROCUREMENT OF       For       For        Management 
      DIRECTORS  AND OFFICERS LIABILITY                                         
      INSURANCE POLICY.       
;                                                  
 
 
--------------------------------------------------------------------------------
 
RADWARE LTD.                  
;                                                  
 
Ticker:       RDWR           Security ID:  M81873107                            
Meeting Date: DEC 31, 2007   Meeting Type: Special         &
#160;                    
Record Date:  DEC 3, 2007                                                       
 
#     Proposal                                  Mgt
 Rec   Vote Cast  Sponsor    
1     APPROVAL OF COMPENSATION TO THE CHIEF     For       For        Management 
      EXECUTIVE OFFICER OF THE COMPANY.                                         
2     APPROVAL OF GRANT OF STOCK OPTIONS TO THE For       Against    Management 
      CHIEF EXECUTIVE OFFICER OF THE COMPANY.                                   
 
 
--------------------------------------------------------------------------------
 
SUPER-SOL LTD.      &
#160;                                                           
 
Ticker:                      Security ID:  M8710D119                            
Meeting Date: JAN 3, 2008 &
#160;  Meeting Type: Special                              
Record Date:  DEC 3, 2007                                                       
 
#     Proposal                   
               Mgt Rec   Vote Cast  Sponsor    
1     Approve Remuneration Agreement of Asaf    For       Did Not    Management 
      Livnat                                              Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
2     Approve Annual Remuneration of Director   For       Did Not    Management 
 &
#160;    Including Controlling Shareholders                  Vote                  
2a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  <
/font>
3     Change Company Name to Shufersal Ltd.     For       Did Not    Management 
                                                          Vote                  
 
 
--------------------------------------------------------------------------------
 
SUPER-SOL LTD.                                                                  
 

Ticker:                      Security ID:  M8710D119                            
Meeting Date: JAN 27, 2008   Meeting Type: Special                              
Record Date:  DEC 30, 2007                                      
                
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     Approve Payment of Rafi Bisker Including  For       Did Not    Management 
      Grant of Options   
60;                                Vote                  
1a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote             &#
160;    
2     Approve Payment of Yakov Shalom Fisher    For       Did Not    Management 
      Including Grant of Options                          Vote                  
2a    Indicate Personal Interest in Proposed    None      Did Not    Management 
      Agenda Item                                         Vote                  
 
 
--------------------------------------------------------------------------------
 
TELSYS LTD.                                                                     
 
Ticker:                      Security ID:  M8763K101                            
Meeting Date: JUL 26, 2007   Meeting Type: Annual                               
Record Date:  JUN 27, 2007                                                      
 
#     Proposal      
;                            Mgt Rec   Vote Cast  Sponsor    
1     Discuss Financial Statements and          For       For        Management 
      Directors' Report For Year Ended Dec. 31,                                 
  
;    2006                                                                      
2     Appoint Non-External Directors            For       For        Management 
3     Appoint External Directors                For 
60;     For        Management 
4     Approve Auditors and Authorize Board to   For       For        Management 
      Fix Their Remuneration                                                    
 
 
--------------------------------------------------------------------------------
 
TEVA PHARMACEUTICAL INDUSTRIES LTD.                                             
 
Ticker:       TEVA        
60;  Security ID:  881624209                            
Meeting Date: JUL 17, 2007   Meeting Type: Annual                               
Record Date:  JUN 11, 2007                                                      
 
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor    
1     TO RECEIVE AND DISCUSS THE COMPANY S      For       For        Management 
      CONSOLIDATED BALANCE SHEET, ALL AS MORE             
;                      
      FULLY DESCRIBED IN THE PROXY STATEMENT.                                   
2     TO APPROVE THE BOARD OF DIRECTORS         For       For        Management 
      RECOMMENDATION THAT THE CASH DIVIDEND FOR    
60;                            
      THE YEAR ENDED DECEMBER 31, 2006, WHICH                                   
      WAS PAID IN FOUR INSTALLMENTS AND                                         
      AGGREGATED NIS 1.36 (APPROXIMATELY                                        
      US$0.31) PER ORDINARY SHARE (OR ADR), BE                                  
      DECLARED FINAL.                         
;                                  
3     TO ELECT ABRAHAM E. COHEN AS A DIRECTOR.  For       Against    Management 
4     TO ELECT PROF. ROGER D. KORNBERG AS A     For       For        Management 
      DIRECTOR                       
                                           
5     TO ELECT PROF. MOSHE MANY AS A DIRECTOR.  For       For        Management 
6     TO ELECT DAN PROPPER AS A DIRECTOR.       For       For        Management 
7     TO APPROVE THE PURCHASE OF DIRECTORS  AND For    
;   For        Management 
      OFFICERS  LIABILITY INSURANCE FOR THE                                     
      DIRECTORS AND OFFICERS OF THE COMPANY AND                                 
      ITS SUBSIDIARIES, ALL AS FULLY DESCRIBED 
;                                 
      IN THE PROXY STATEMENT.                                                   
8     TO APPOINT KESSELMAN & KESSELMAN, A       For       For        Management 
      MEMBER OF PRICEWATERHOUSECOOPERS                                          
      INTERNATIONAL LTD., AS THE COMPANY S                                      
      INDEPENDENT REGISTERED PUBLIC ACCOUNTING                &
#160;                 
      FIRM UNTIL THE 2008 ANNUAL MEETING OF                                     
      SHAREHOLDERS AND TO AUTHORIZE THE AUDIT                                   
      COMMITTEE
 TO DETERMINE THEIR COMPENSATION                                 
      AND THE BOARD OF DIRECTORS TO RATIFY SUCH                                 
      DETERMINATION                                              
0;              
 
========== END NPX REPORT
 
 
 

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.

	The First Israel Fund, Inc.

By:	/s/ George R. Hornig
	George R. Hornig
	Chief Executive Officer

Date:	August 7, 2008