-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DhbzSb5dsyL24x5o0uk8Zqf0PM7xBbCkLjHiWB973mHNWaOgq8dSDvFCn9m/ULtQ DkcX/Nv9NzHwTbVSb33rHg== 0000897101-04-001708.txt : 20040831 0000897101-04-001708.hdr.sgml : 20040831 20040831152710 ACCESSION NUMBER: 0000897101-04-001708 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040630 FILED AS OF DATE: 20040831 DATE AS OF CHANGE: 20040831 EFFECTIVENESS DATE: 20040831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000877880 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-06373 FILM NUMBER: 041008317 BUSINESS ADDRESS: STREET 1: 4600 NORWEST CENTER STREET 2: 90 S SEVENTH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-332-32 MAIL ADDRESS: STREET 1: 4600 NORWEST CTR, 90 SOUTH SEVENTH ST STREET 2: 4600 NORWEST CTR, 90 SOUTH SEVENTH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 FORMER COMPANY: FORMER CONFORMED NAME: SIT NEW BEGINNING MUTUAL FUNDS INC DATE OF NAME CHANGE: 19920929 N-PX 1 sit-bal044069_npx.txt 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 number 811-06373 -------------------------------------------------- Sit Balanced Fund, a series of Sit Mutual Funds, Inc. - -------------------------------------------------------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) 3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402 - -------------------------------------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Kelly K. Boston, Staff Attorney - -------------------------------------------------------------------------------- 3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402 - -------------------------------------------------------------------------------- (NAME AND ADDRESS OF AGENT FOR SERVICE) Registrant's telephone number, including area code: 612-332-3223 Date of fiscal year end: June 30, 2004 ------------------------------------- Date of reporting period: July 1, 2003 - June 30, 2004 ------------------------------------ PROXY VOTE SUMMARY REPORT FROM 07/01/03 TO 06/30/04 SIT BALANCED FUND
Meeting Issuer / Symbol CUSIP / Mgmt. Fund Vote Date Ballot Issues Proponent Rec. Cast - ------------------------------------------------------------------------------------------------------------------ 5/11/2004 3M CO 88579Y101 MMM 1.1 Elect Director Edward A. Brennan Mgmt For Withhold 1.2 Elect Director Michael L. Eskew Mgmt For For 1.3 Elect Director W. James McNerney, Jr. Mgmt For Withhold 1.4 Elect Director Kevin W. Sharer Mgmt For Withhold 2 Ratify Auditors Mgmt For For 3 Increase Authorized Common Stock Mgmt For For 4 Separate Chairman and CEO Positions ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 5/27/2004 Ace Ltd. G0070K103 ACE Meeting for Holders of ADRs 1.1 Elect Director Brian Duperreault Mgmt For For 1.2 Elect Director Robert M. Hernandez Mgmt For For 1.3 Elect Director Peter Menikoff Mgmt For For 1.4 Elect Director Robert Ripp Mgmt For For 1.5 Elect Director Dermot F. Smurfit Mgmt For For 2 PROPOSAL TO APPROVE THE ACE LIMITED 2004 Mgmt For For LONG-TERM INCENTIVE PLAN. 3 PROPOSAL TO RATIFY THE APPOINTMENT OF Mgmt For For PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT ACCOUNTANTS OF ACE LIMITED FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. - ------------------------------------------------------------------------------------------------------------------ 4/28/2004 Adobe Systems Inc. 00724F101 ADBE 1.1 Elect Director Michael R. Cannon Mgmt For For 1.2 Elect Director Bruce R. Chizen Mgmt For For 1.3 Elect Director James E. Daley Mgmt For For 1.4 Elect Director Charles M. Geschke Mgmt For For 1.5 Elect Director Delbert W. Yocam Mgmt For For 2 Amend Omnibus Stock Plan Mgmt For For 3 Expense Stock Options ShrHoldr Against For 4 Adopt a Plocy that will Committ Executives to ShrHoldr Against For Hold a Significant Percentage of their Shares 5 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 American International Group, Inc. 26874107 AIG 1.1 Elect Director M. Bernard Aidinoff Mgmt For For 1.2 Elect Director Pei-Yuan Chia Mgmt For For 1.3 Elect Director Marshall A. Cohen Mgmt For For 1.4 Elect Director Willaim S. Cohen Mgmt For For 1.5 Elect Director Martin S. Feldstein Mgmt For For 1.6 Elect Director Ellen V. Futter Mgmt For For 1.7 Elect Director Maurice R. Greenberg Mgmt For For 1.8 Elect Director Carla A. Hills Mgmt For For 1.9 Elect Director Frank J. Hoenemeyer Mgmt For For 1.10 Elect Director Richard C. Holbrooke Mgmt For For 1.11 Elect Director Donald P. Kanak Mgmt For For 1.12 Elect Director Howard I. Smith Mgmt For For 1.13 Elect Director Martin J. Sullivan Mgmt For For 1.14 Elect Director Edmund S.W. Tse Mgmt For For 1.15 Elect Director Frank G. Zarb Mgmt For For 2 Approve Executive Incentive Bonus Plan Mgmt For For 3 Approve Non-Employee Director Stock Option Plan Mgmt For For 4 Ratify Auditors Mgmt For For 5 Report on Political Contributions/Activities ShrHoldr Against Against 6 Divest from Tobacco Equities ShrHoldr Against Against 7 Link Executive Compensation to Predatory Lending ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 10/28/2003 American Select Portfolio, Inc. 29570108 1.1 Elect Director Benjamin Field Mgmt For For 1.2 Elect Director Mickey Foret Mgmt For For 1.3 Elect Director Roger Gibson Mgmt For For 1.4 Elect Director Victoria Herget Mgmt For For 1.5 Elect Director Leonard Kedrowski Mgmt For For 1.6 Elect Director Richard Riederer Mgmt For For 1.7 Elect Director Joseph Strauss Mgmt For For 1.8 Elect Director Virginial Stringer Mgmt For For 1.9 Elect Director James Wade Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/28/2003 American Strategic Income Portfolio Inc. 30098107 1.1 Elect Director Benjamin Field Mgmt For For 1.2 Elect Director Mickey Foret Mgmt For For 1.3 Elect Director Roger Gibson Mgmt For For 1.4 Elect Director Victoria Herget Mgmt For For 1.5 Elect Director Leonard Kedrowski Mgmt For For 1.6 Elect Director Richard Riederer Mgmt For For 1.7 Elect Director Joseph Strauss Mgmt For For 1.8 Elect Director Virginial Stringer Mgmt For For 1.9 Elect Director James Wade Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/28/2003 American Strategic Income Portfolio Inc. - III 03009T101 1.1 Elect Director Benjamin Field Mgmt For For 1.2 Elect Director Mickey Foret Mgmt For For 1.3 Elect Director Roger Gibson Mgmt For For 1.4 Elect Director Victoria Herget Mgmt For For 1.5 Elect Director Leonard Kedrowski Mgmt For For 1.6 Elect Director Richard Riederer Mgmt For For 1.7 Elect Director Joseph Strauss Mgmt For For 1.8 Elect Director Virginia Stringer Mgmt For For 1.9 Elect Director James Wade Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/28/2003 American Strategic Income Portfolio Inc. -- II 30099105 1.1 Elect Director Benjamin Field Mgmt For For 1.2 Elect Director Mickey Foret Mgmt For For 1.3 Elect Director Roger Gibson Mgmt For For 1.4 Elect Director Victoria Herget Mgmt For For 1.5 Elect Director Leonard Kedrowski Mgmt For For 1.6 Elect Director Richard Riederer Mgmt For For 1.7 Elect Director Joseph Strauss Mgmt For For 1.8 Elect Director Virginial Stringer Mgmt For For 1.9 Elect Director James Wade Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/13/2004 Amgen, Inc. 31162100 AMGN 1.1 Elect Director Frank J. Biondi, Jr. Mgmt For For 1.2 Elect Director Jerry D. Choate Mgmt For Withhold 1.3 Elect Director Frank C. Herringer Mgmt For For 1.4 Elect Director Gilbert S. Omenn Mgmt For For 2 Ratify Auditors Mgmt For For 3 Prepare Glass Ceiling Report ShrHoldr Against Against 4 Expense Stock Options ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 3/9/2004 Analog Devices, Inc. 32654105 ADI 1.1 Elect Director Jerald G. Fishman Mgmt For For 1.2 Elect Director F. Grant Saviers Mgmt For For 2 Increase Authorized Common Stock Mgmt For For 3 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 3/24/2004 Applied Materials, Inc. 38222105 AMAT 1.1 Elect Director Michael H. Armacost Mgmt For For 1.2 Elect Director Deborah A. Coleman Mgmt For For 1.3 Elect Director Herbert M. Dwight, Jr. Mgmt For For 1.4 Elect Director Philip V. Gerdine Mgmt For For 1.5 Elect Director Paul R. Low Mgmt For For 1.6 Elect Director Dan Maydan Mgmt For For 1.7 Elect Director Steven L. Miller Mgmt For For 1.8 Elect Director James C. Morgan Mgmt For For 1.9 Elect Director Gerhard H. Parker Mgmt For For 1.10 Elect Director Michael R. Splinter Mgmt For For 2 Amend Omnibus Stock Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 AT&T Wireless Services, Inc. 00209A106 AWE 1 Approve Merger Agreement Mgmt For For 2.1 Elect Director Nobuharu Ono Mgmt For For 2.2 Elect Director Carolyn M. Ticknor Mgmt For For 2.3 Elect Director John D. Zeglis Mgmt For For 3 Ratify Auditors Mgmt For For 4 Limit Executive Compensation ShrHoldr Against Against 5 Prohibit Awards to Executives ShrHoldr Against Against 6 Require Affirmative Vote of a Majority of the ShrHoldr Against Against Shares to Elect Directors - ------------------------------------------------------------------------------------------------------------------ 6/24/2004 Best Buy Co., Inc. 86516101 BBY 1.1 Elect Director Bradbury H. Anderson Mgmt For For 1.2 Elect Director K.J. Higgins Victor Mgmt For For 1.3 Elect Director Allen U. Lenzmeier Mgmt For For 1.4 Elect Director Frank D. Trestman Mgmt For For 1.5 Elect Director James C. Wetherbe Mgmt For For 1.6 Elect Director Ronald James Mgmt For For 1.7 Elect Director Matthew H. Paull Mgmt For For 1.8 Elect Director Mary A. Tolan Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/6/2003 Boston Scientific Corp. 101137107 BSX 1 Increase Authorized Common Stock Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/11/2004 Boston Scientific Corp. 101137107 BSX 1.1 Elect Director Ursula M. Burns Mgmt For For 1.2 Elect Director Marye Anne Fox Mgmt For For 1.3 Elect Director N.J. Nicholas, Jr. Mgmt For For 1.4 Elect Director John E. Pepper Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/4/2004 Bristol-Myers Squibb Co. 110122108 BMY 1.1 Elect Director Peter R. Dolan Mgmt For For 1.2 Elect Director Louis V. Gerstner, Jr. Mgmt For For 1.3 Elect Director Leif Johansson Mgmt For For 2 Ratify Auditors Mgmt For For 3 Report on Political Contributions/Activities ShrHoldr Against Against 4 Cease Political Contributions/Activities ShrHoldr Against Against 5 Separate Chairman and CEO Positions ShrHoldr Against For 6 Report on Operational Impact of HIV/AIDS, TB, ShrHoldr Against Against and Malaria Pandemic 7 Require Affirmative Vote of a Majority of the ShrHoldr Against Against Shares to Elect Directors - ------------------------------------------------------------------------------------------------------------------ 7/31/2003 Check Point Software Technologies Inc M22465104 CHKP 1 Elect Gil Shwed, Marius Nacht, David Rubner, Mgmt For For Alex Serge Vieux, and Dr. Tal Shavit as Directors 2 Elect Irwin Federman and Ray Rothrock as Mgmt For For External Directors 3 Authorization for Chairman of the Board to Mgmt For For Serve as Chairman of the Board and Cheif Executive Officer 4 Accept Financial Statements for the Year Ended Mgmt For For December 31, 2002 5 Approve Kost Forer & Gabbay as Auditors and Mgmt For For Authorize Board to Fix Their Remuneration 6 Approve Options to Purchase Two Million Shares Mgmt For Against to Gil Shwed, Director and Officer, and One Million Shares to Marius Nacht, Director and Officer - ------------------------------------------------------------------------------------------------------------------ 6/30/2004 Check Point Software Technologies Inc M22465104 CHKP Meeting for Holders of ADRs 1 ELECTION OF DIRECTORS (OTHER THAN OUTSIDE Mgmt For For DIRECTORS): (NOTE: DIRECTORS ARE ELECTED AS A GROUP, NOT INDIVIDUALLY): GIL SHWED, MARIUS NACHT, DAVID RUBNER, TAL SHAVIT. 2 TO RATIFY THE CONSOLIDATED FINANCIAL STATEMENTS Mgmt For For OF THE COMPANY FOR THE YEAR ENDED DECEMBER 31, 2003. 3 TO RATIFY THE APPOINTMENT AND COMPENSATION OF Mgmt For For THE COMPANY'S INDEPENDENT PUBLIC ACCOUNTANTS. 4 TO APPROVE AMENDMENT TO DIRECTORS COMPENSATION. Mgmt For Against 5 TO APPROVE EXECUTIVE OFFICERS COMPENSATION. Mgmt For Against - ------------------------------------------------------------------------------------------------------------------ 11/11/2003 Cisco Systems, Inc. 17275R102 CSCO 1.1 Elect Director Carol A. Bartz Mgmt For For 1.2 Elect Director Larry R. Carter Mgmt For For 1.3 Elect Director John T. Chambers Mgmt For For 1.4 Elect Director Dr. James F. Gibbons Mgmt For For 1.5 Elect Director Dr. John L. Hennessy Mgmt For For 1.6 Elect Director Roderick C. McGeary Mgmt For For 1.7 Elect Director James C. Morgan Mgmt For For 1.8 Elect Director John P. Morgridge Mgmt For For 1.9 Elect Director Donald T. Valentine Mgmt For For 1.10 Elect Director Steven M. West Mgmt For For 1.11 Elect Director Jerry Yang Mgmt For For 2 Amend Employee Stock Purchase Plan Mgmt For For 3 Ratify Auditors Mgmt For For Shareholder Proposals 4 Report on Company Products Used by the ShrHoldr Against Against Government to Monitor the Internet 5 Report on Pay Disparity ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 4/20/2004 Citigroup Inc. 172967101 C 1.1 Elect Director C. Michael Armstrong Mgmt For For 1.2 Elect Director Alain J.P. Belda Mgmt For For 1.3 Elect Director George David Mgmt For For 1.4 Elect Director Kenneth T. Derr Mgmt For For 1.5 Elect Director John M. Deutch Mgmt For For 1.6 Elect Director Roberto Hernandez Ramirez Mgmt For For 1.7 Elect Director Ann Dibble Jordan Mgmt For For 1.8 Elect Director Dudley C. Mecum Mgmt For For 1.9 Elect Director Richard D. Parsons Mgmt For For 1.10 Elect Director Andrall E. Pearson Mgmt For For 1.11 Elect Director Charles Prince Mgmt For For 1.12 Elect Director Robert E. Rubin Mgmt For For 1.13 Elect Director Franklin A. Thomas Mgmt For For 1.14 Elect Director Sanford I. Weill Mgmt For For 1.15 Elect Director Robert B. Willumstad Mgmt For For 2 Ratify Auditors Mgmt For For 3 Limit Executive Compensation ShrHoldr Against Against 4 Report on Political Contributions/Activities ShrHoldr Against Against 5 Prohibit Awards to Executives ShrHoldr Against Against 6 Separate Chairman and CEO Positions ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/26/2004 Comcast Corp. 20030N101 CMCSA 1.1 Elect Director S. Decker Anstrom Mgmt For For 1.2 Elect Director C. Michael Armstrong Mgmt For For 1.3 Elect Director Kenneth J. Bacon Mgmt For For 1.4 Elect Director Sheldon M. Bonovitz Mgmt For For 1.5 Elect Director Julian A. Brodsky Mgmt For For 1.6 Elect Director Joseph L. Castle, II Mgmt For For 1.7 Elect Director J. Michael Cook Mgmt For For 1.8 Elect Director Brian L. Roberts Mgmt For For 1.9 Elect Director Ralph J. Roberts Mgmt For For 1.10 Elect Director Dr. Judith Rodin Mgmt For For 1.11 Elect Director Michael I. Sovern Mgmt For For 2 Ratify Auditors Mgmt For For 3 Amend Restricted Stock Plan Mgmt For For 4 Amend Articles/Bylaws/Charter-Non-Routine Mgmt For For 5 Require Two-Thirds Majority of Independent ShrHoldr Against For Directors on Board 6 Political Contributions/Activities ShrHoldr Against Against 7 Nominate Two Directors for every open ShrHoldr Against Against Directorships 8 Limit Executive Compensation ShrHoldr Against Against 9 Adopt a Recapitalization Plan ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 5/5/2004 ConocoPhillips 20825C104 COP 1.1 Elect Director David L. Boren Mgmt For For 1.2 Elect Director James E. Copeland, Jr. Mgmt For For 1.3 Elect Director Kenneth M. Duberstein Mgmt For For 1.4 Elect Director Ruth R. Harkin Mgmt For For 1.5 Elect Director William R. Rhodes Mgmt For For 1.6 Elect Director J. Stapleton Roy Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Limit Executive Compensation ShrHoldr Against Against 5 Limit Executive Compensation ShrHoldr Against Against 6 Report on Drilling in the Arctic National ShrHoldr Against Against Wildlife Refuge - ------------------------------------------------------------------------------------------------------------------ 5/4/2004 Danaher Corp. 235851102 DHR 1.1 Elect Director Steven M. Rales Mgmt For For 1.2 Elect Director John T. Schwieters Mgmt For For 1.3 Elect Director Alan G. Spoon Mgmt For For 2 Ratify Auditors Mgmt For For 3 Amend Stock Option Plan Mgmt For For 4 Develop Charter Language on Board Diversity ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 7/18/2003 Dell Computer Corporation 247025109 DELL 1.1 Elect Director Michael A. Miles Mgmt For For 1.2 Elect Director Alex J. Mandl Mgmt For For 1.3 Elect Director Morton L. Topfer Mgmt For For 2 Declassify the Board of Directors Mgmt For For 3 Change Company Name Mgmt For For 4 Approve Executive Incentive Bonus Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/28/2004 Eaton Corp. 278058102 ETN 1.1 Elect Director Michael J. Critelli Mgmt For For 1.2 Elect Director Ernie Green Mgmt For For 1.3 Elect Director Kiran M. Patel Mgmt For For 2 Approve Omnibus Stock Plan Mgmt For For 3 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 6/24/2004 eBay Inc. 278642103 EBAY 1.1 Elect Director Philippe Bourguignon Mgmt For For 1.2 Elect Director Thomas J. Tierney Mgmt For For 1.3 Elect Director Margaret C. Whitman Mgmt For For 2 Amend Omnibus Stock Plan Mgmt For For 3 Amend Stock Option Plan Mgmt For For 4 Increase Authorized Common Stock Mgmt For Against 5 Ratify Auditors Mgmt For For 6 Expense Stock Options ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 10/21/2003 Elan Corporation Plc 284131208 1 Receive and Consider Financial Statements and Mgmt For For Statutory Reports 2 Reelect Garo Armen as a Director Mgmt For For 3 Reelect Laurence Crowley as a Director Mgmt For For 4 Reelect Ann Maynard Gray as a Director Mgmt For For 5 Reelect Kevin McIntyre as a Director Mgmt For For 6 Elect William Daniel as a Director Mgmt For For 7 Elect G. Kelly Martin as a Director Mgmt For For 8 Authorize Board to Fix Remuneration of the Mgmt For For Auditors Special Business 9 Authorize Repurchase of Up to 15 Percent of Mgmt For For Issued Share Capital 10 Authorize Reissuance of Repurchased Shares Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 6/17/2004 Elan Corporation Plc 284131208 Meeting for Holders of ADRs 1 TO RECEIVE AND CONSIDER THE FINANCIAL Mgmt For For STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2003 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITORS THEREON. 2 TO RE-ELECT MR. BRENDAN BOUSHEL WHO RETIRES Mgmt For For FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY. 3 TO RE-ELECT MR. JOHN GROOM WHO RETIRES FROM THE Mgmt For For BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY. 4 TO RE-ELECT MR. KYRAN MCLAUGHLIN WHO RETIRES Mgmt For For FROM THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY. 5 TO RE-ELECT DR. DENNIS SELKOE WHO RETIRES FROM Mgmt For For THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY. 6 TO RE-ELECT MR. DANIEL TULLY WHO RETIRES FROM Mgmt For For THE BOARD BY ROTATION AS A DIRECTOR OF THE COMPANY. 7 TO AUTHORISE THE DIRECTORS TO FIX THE Mgmt For For REMUNERATION OF THE AUDITORS. 8 THAT THE BOARD OF DIRECTORS BE AUTHORISED TO Mgmt For For ISSUE SHARE OPTIONS TO NON-EXECUTIVE DIRECTORS IN ACCORDANCE WITH THE TERMS OF THE ELAN CORPORATION, PLC 1996 CONSULTANT OPTION PLAN. 9 THAT THE ELAN CORPORATION, PLC 2004 RESTRICTED Mgmt For Against STOCK PLAN ( THE RSU PLAN ) BE APPROVED AND ADOPTED. 10 THAT THE ELAN CORPORATION, PLC EMPLOYEE EQUITY Mgmt For For PURCHASE PLAN ( THE ESPP ) BE APPROVED AND ADOPTED. 11 THAT THE DIRECTORS BE AND ARE HEREBY GENERALLY Mgmt For For AND UNCONDITIONALLY AUTHORISED TO ALLOT AND ISSUE ALL RELEVANT SECURITIES OF THE COMPANY. 12 THAT THE AUTHORISED SHARE CAPITAL OF THE Mgmt For For COMPANY BE INCREASED FROM 30,002,500 TO 33,502,500. 13 THAT, SUBJECT TO THE PASSING OF RESOLUTION 12 Mgmt For For IN THE NOTICE OF THIS MEETING, THE ARTICLES OF ASSOCIATION BE AMENDED. 14 THAT, SUBJECT TO THE PASSING OF RESOLUTION 11 Mgmt For For IN THE NOTICE OF THE MEETING, THE DIRECTORS BE AND ARE HEREBY EMPOWERED TO ALLOT SECURITIES FOR CASH. 15 THAT THE COMPANY AND/OR ANY SUBSIDIARY OF THE Mgmt For For COMPANY BE AND IS HEREBY GENERALLY AUTHORIZED TO MAKE MARKET PURCHASES OF SHARES OF ANY CLASS OF THE COMPANY. 16 THAT THE RE-ISSUE PRICE RANGE AT WHICH ANY Mgmt For For TREASURY SHARES FOR THE TIME BEING HELD BY THE COMPANY MAY BE RE-ISSUED OFF-MARKET SHALL BE THE MAXIMUM PRICE EQUAL TO 120 PER CENT OF THE RELEVANT PRICE; AND THE MINIMUM PRICE EQUAL TO 95 PER CENT OF THE RELEVA - ------------------------------------------------------------------------------------------------------------------ 7/31/2003 Electronic Arts, Inc. 285512109 ERTS 1.1 Elect Director M. Richard Asher Mgmt For For 1.2 Elect Director William J. Byron Mgmt For For 1.3 Elect Director Leonard S. Coleman Mgmt For For 1.4 Elect Director Gary M. Kusin Mgmt For For 1.5 Elect Director Gregory B. Maffei Mgmt For For 1.6 Elect Director Timothy Mott Mgmt For For 1.7 Elect Director Lawrence F. Probst III Mgmt For For 1.8 Elect Director Linda J. Srere Mgmt For For 2 Amend Omnibus Stock Plan Mgmt For For 3 Amend Employee Stock Purchase Plan Mgmt For For 4 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/19/2004 Eli Lilly and Co. 532457108 LLY 1.1 Elect Director Steven C. Beering Mgmt For For 1.2 Elect Director Winfried Bischoff Mgmt For For 1.3 Elect Director Franklyn G. Prendergast Mgmt For For 1.4 Elect Director Kathi P. Seifert Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Executive Incentive Bonus Plan Mgmt For For 4 Limit Executive Compensation ShrHoldr Against Against 5 Report on Drug Pricing ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/5/2004 EMC Corp. 268648102 EMC 1.1 Elect Director John R. Egan Mgmt For For 1.2 Elect Director Michael C. Ruettgers Mgmt For For 1.3 Elect Director David N. Strohm Mgmt For For 2 Amend Omnibus Stock Plan Mgmt For For 3 Amend Employee Stock Purchase Plan Mgmt For For 4 Ratify Auditors Mgmt For For 5 Limit Executive Compensation ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 9/29/2003 FedEx Corporation 31428X106 FDX 1.1 Elect Director August A. Busch IV Mgmt For For 1.2 Elect Director John A. Edwardson Mgmt For For 1.3 Elect Director George J. Mitchell Mgmt For Withhold 1.4 Elect Director Joshua I. Smith Mgmt For For 2 Approve Omnibus Stock Plan Mgmt For For 3 Ratify Auditors Mgmt For For Shareholder Proposal 4 Declassify the Board of Directors ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 10/28/2003 First Data Corp. 319963104 FDC 1 Approve Merger Agreement Mgmt For For 2 Adjourn Meeting Mgmt For Against - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 First Data Corp. 319963104 FDC 1.1 Elect Director Henry C. Duques Mgmt For For 1.2 Elect Director Charles T. Fote Mgmt For For 1.3 Elect Director Richard P. Kiphart Mgmt For For 1.4 Elect Director Joan E. Spero Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 8/11/2003 Forest Laboratories, Inc. 345838106 FRX 1.1 Elect Director Howard Solomon Mgmt For Withhold 1.2 Elect Director William J. Candee, III Mgmt For For 1.3 Elect Director George S. Cohan Mgmt For For 1.4 Elect Director Dan L. Goldwasser Mgmt For For 1.5 Elect Director Lester B. Salans, M.D. Mgmt For For 1.6 Elect Director Kenneth E. Goodman Mgmt For Withhold 1.7 Elect Director Phillip M. Satow Mgmt For Withhold 2 Increase Authorized Common Stock Mgmt For Against 3 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 1/29/2004 Franklin Resources, Inc. 354613101 BEN 1.1 Elect Director Harmon E. Burns Mgmt For For 1.2 Elect Director Charles Crocker Mgmt For For 1.3 Elect Director Robert D. Joffe Mgmt For For 1.4 Elect Director Charles B. Johnson Mgmt For For 1.5 Elect Director Rupert H. Johnson, Jr. Mgmt For For 1.6 Elect Director Thomas H. Kean Mgmt For For 1.7 Elect Director James A. McCarthy Mgmt For For 1.8 Elect Director Chutta Ratnathicam Mgmt For For 1.9 Elect Director Peter M. Sacerdote Mgmt For For 1.10 Elect Director Anne M. Tatlock Mgmt For For 1.11 Elect Director Louis E. Woodworth Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Executive Incentive Bonus Plan Mgmt For For 4 Amend Executive Incentive Bonus Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/16/2004 Genentech, Inc. 368710406 DNA 1 Amend Articles/Bylaws/Charter-Non-Routine Mgmt For For 2.1 Elect Director Herbert W. Boyer Mgmt For Withhold 2.2 Elect Director Arthur D. Levinson Mgmt For Withhold 2.3 Elect Director Mark Richmond Mgmt For For 2.4 Elect Director Charles A. Sanders Mgmt For For 2.5 Elect Director William M. Burns Mgmt For Withhold 2.6 Elect Director Erich Hunziker Mgmt For Withhold 2.7 Elect Director Jonathan K.C. Knowles Mgmt For Withhold 3 Elect Director M. Burns For 4 Elect Director Erich Hunziker For 5 Elect Director Jonathan K.C. Knowles For 6 Increase Authorized Common Stock Mgmt For For 7 Approve Omnibus Stock Plan Mgmt For Against 8 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/28/2004 General Electric Co. 369604103 GE 1.1 Elect Director James I. Cash, Jr. Mgmt For For 1.2 Elect Director Dennis D. Dammerman Mgmt For For 1.3 Elect Director Ann M. Fudge Mgmt For For 1.4 Elect Director Claudio X. Gonzalez Mgmt For Withhold 1.5 Elect Director Jeffrey R. Immelt Mgmt For For 1.6 Elect Director Andrea Jung Mgmt For For 1.7 Elect Director Alan G. Lafley Mgmt For For 1.8 Elect Director Kenneth G. Langone Mgmt For For 1.9 Elect Director Ralph S. Larsen Mgmt For For 1.10 Elect Director Rochelle B. Lazarus Mgmt For For 1.11 Elect Director Sam Nunn Mgmt For For 1.12 Elect Director Roger S. Penske Mgmt For For 1.13 Elect Director Robert J. Swieringa Mgmt For For 1.14 Elect Director Douglas A. Warner III Mgmt For For 1.15 Elect Director Robert C. Wright Mgmt For For 2 Ratify Auditors Mgmt For For 3 Amend Omnibus Stock Plan Mgmt For For 4 Provide for Cumulative Voting ShrHoldr Against Against 5 Eliminate Animal Testing ShrHoldr Against Against 6 Report on Nuclear Fuel Storage Risks ShrHoldr Against Against 7 Report on PCB Clean-up ShrHoldr Against Against 8 Report on Foreign Outsourcing ShrHoldr Against Against 9 Prepare Sustainability Report ShrHoldr Against Against 10 Limit Composition of Management Development and ShrHoldr Against Against Compensation Committee to Independent Directors 11 Report on Pay Disparity ShrHoldr Against Against 12 Limit Awards to Executives ShrHoldr Against Against 13 Limit Board Service for Other Companies ShrHoldr Against For 14 Separate Chairman and CEO Positions ShrHoldr Against Against 15 Hire Advisor/Maximize Shareholder Value ShrHoldr Against Against 16 Adopt a Retention Ratio for Executives and ShrHoldr Against Against Directors 17 Require 70% to 80% Independent Board ShrHoldr Against Against 18 Report on Political Contributions/Activities ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/25/2004 Gilead Sciences, Inc. 375558103 GILD 1.1 Elect Director Paul Berg Mgmt For For 1.2 Elect Director Etienne F. Davignon Mgmt For For 1.3 Elect Director James M. Denny Mgmt For For 1.4 Elect Director John C. Martin Mgmt For For 1.5 Elect Director Gordon E. Moore Mgmt For For 1.6 Elect Director Nicholas G. Moore Mgmt For For 1.7 Elect Director George P. Shultz Mgmt For For 1.8 Elect Director Gayle E. Wilson Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Increase Authorized Common Stock Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/24/2004 Harley-Davidson, Inc. 412822108 HDI 1.1 Elect Director Barry K. Allen Mgmt For For 1.2 Elect Director Richard I. Beattie Mgmt For For 2 Amend Executive Incentive Bonus Plan Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/29/2004 Harrah's Entertainment, Inc. 413619107 HET 1.1 Elect Director Ralph Horn Mgmt For For 1.2 Elect Director Gary W. Loveman Mgmt For For 1.3 Elect Director Philip G. Satre Mgmt For For 1.4 Elect Director Boake A. Sells Mgmt For For 2 Approve Omnibus Stock Plan Mgmt For For 3 Approve Executive Incentive Bonus Plan Mgmt For For 4 Ratify Auditors Mgmt For For 5 Report on Political Contributions/Activities ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 Intel Corp. 458140100 INTC 1.1 Elect Director Craig R. Barrett Mgmt For For 1.2 Elect Director Charlene Barshefsky Mgmt For For 1.3 Elect Director E. John P. Browne Mgmt For For 1.4 Elect Director Andrew S. Grove Mgmt For For 1.5 Elect Director D. James Guzy Mgmt For Withhold 1.6 Elect Director Reed E. Hundt Mgmt For For 1.7 Elect Director Paul S. Otellini Mgmt For For 1.8 Elect Director David S. Pottruck Mgmt For For 1.9 Elect Director Jane E. Shaw Mgmt For For 1.10 Elect Director John L. Thornton Mgmt For For 1.11 Elect Director David B. Yoffie Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Expense Stock Options ShrHoldr Against For 5 Limit/Prohibit Awards to Executives ShrHoldr Against For 6 Performance- Based/Indexed Options ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 5/11/2004 ITT Industries, Inc. 450911102 ITT 1 Ratify Auditors Mgmt For For 2.1 Elect Director Louis J. Giuliano Mgmt For For 2.2 Elect Director Curtis J. Crawford Mgmt For For 2.3 Elect Director Christina A. Gold Mgmt For For 2.4 Elect Director Ralph F. Hake Mgmt For For 2.5 Elect Director John J. Hamre Mgmt For For 2.6 Elect Director Raymond W. LeBoeuf Mgmt For For 2.7 Elect Director Frank T. MacInnis Mgmt For For 2.8 Elect Director Linda S. Sanford Mgmt For For 2.9 Elect Director Markos I. Tambakeras Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 1/13/2004 Jabil Circuit, Inc. 466313103 JBL 1.1 Elect Director William D. Morean Mgmt For For 1.2 Elect Director Thomas A. Sansone Mgmt For For 1.3 Elect Director Timothy L. Main Mgmt For For 1.4 Elect Director Lawrence J. Murphy Mgmt For For 1.5 Elect Director Mel S. Lavitt Mgmt For For 1.6 Elect Director Steven A. Raymund Mgmt For For 1.7 Elect Director Frank A. Newman Mgmt For For 1.8 Elect Director Laurence S. Grafstein Mgmt For For 2 Amend Omnibus Stock Plan Mgmt For For 3 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/22/2004 Johnson & Johnson 478160104 JNJ 1.1 Elect Director Gerard N. Burrow Mgmt For For 1.2 Elect Director Mary S. Coleman Mgmt For For 1.3 Elect Director James G. Cullen Mgmt For For 1.4 Elect Director Robert J. Darretta Mgmt For For 1.5 Elect Director M. Judah Folkman Mgmt For For 1.6 Elect Director Ann D. Jordan Mgmt For For 1.7 Elect Director Arnold G. Langbo Mgmt For For 1.8 Elect Director Susan L. Lindquist Mgmt For For 1.9 Elect Director Leo F. Mullin Mgmt For For 1.10 Elect Director Steven S Reinemund Mgmt For For 1.11 Elect Director David Satcher Mgmt For For 1.12 Elect Director Henry B. Schacht Mgmt For For 1.13 Elect Director William C. Weldon Mgmt For For 2 Ratify Auditors Mgmt For For 3 Cease Charitable Contributions ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/25/2004 JP Morgan Chase & Co. 46625H100 JPM 1 Approve Merger Agreement Mgmt For For 2.1 Elect Director Hans W. Becherer Mgmt For For 2.2 Elect Director Frank A. Bennack, Jr. Mgmt For For 2.3 Elect Director John H. Biggs Mgmt For For 2.4 Elect Director Lawrence A. Bossidy Mgmt For For 2.5 Elect Director Ellen V. Futter Mgmt For For 2.6 Elect Director William H. Gray, III Mgmt For For 2.7 Elect Director William B. Harrison, Jr Mgmt For For 2.8 Elect Director Helene L. Kaplan Mgmt For For 2.9 Elect Director Lee R. Raymond Mgmt For For 2.1 Elect Director John R. Stafford Mgmt For For 3 Ratify Auditors Mgmt For For 4 Amend Executive Incentive Bonus Plan Mgmt For For 5 Adjourn Meeting Mgmt For Against 6 Establish Term Limits for Directors ShrHoldr Against Against 7 Charitable Contributions ShrHoldr Against Against 8 Political Contributions ShrHoldr Against Against 9 Separate Chairman and CEO Positions ShrHoldr Against For 10 Provide Adequate Disclosure for over the ShrHoldr Against Against counter Derivatives 11 Auditor Independence ShrHoldr Against Against 12 Submit Non-Employee Director Compensation to ShrHoldr Against Against Vote 13 Report on Pay Disparity ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 4/16/2004 Juniper Networks, Inc. 48203R104 JNPR 1 Issue Shares in Connection with an Acquisition Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 Juniper Networks, Inc. 48203R104 JNPR 1.1 Elect Director Pradeep Sindhu Mgmt For For 1.2 Elect Director Robert M. Calderoni Mgmt For For 1.3 Elect Director Kenneth Levy Mgmt For Withhold 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 6/9/2004 Liberty Media Corp. 530718105 L 1.1 Elect Director Robert R. Bennett Mgmt For Withhold 1.2 Elect Director Paul A. Gould Mgmt For For 1.3 Elect Director John C. Malone Mgmt For Withhold 2 Amend Executive Incentive Bonus Plan Mgmt For For 3 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 11/5/2003 Linear Technology Corp. 535678106 LLTC 1.1 Elect Director Robert H. Swanson, Jr. Mgmt For Withhold 1.2 Elect Director David S. Lee Mgmt For For 1.3 Elect Director Leo T. McCarthy Mgmt For For 1.4 Elect Director Richard M. Moley Mgmt For For 1.5 Elect Director Thomas S. Volpe Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/22/2004 Lockheed Martin Corp. 539830109 LMT 1.1 Elect Director E.C. 'Pete' Aldridge, Jr. Mgmt For For 1.2 Elect Director Nolan D. Archibald Mgmt For For 1.3 Elect Director Norman R. Augustine Mgmt For Withhold 1.4 Elect Director Marcus C. Bennett Mgmt For For 1.5 Elect Director Vance D. Coffman Mgmt For For 1.6 Elect Director Gwendolyn S. King Mgmt For For 1.7 Elect Director Douglas H. McCorkindale Mgmt For For 1.8 Elect Director Eugene F. Murphy Mgmt For For 1.9 Elect Director Joseph W. Ralston Mgmt For Withhold 1.10 Elect Director Frank Savage Mgmt For For 1.11 Elect Director Anne Stevens Mgmt For For 1.12 Elect Director Robert J. Stevens Mgmt For For 1.13 Elect Director James R. Ukropina Mgmt For For 1.14 Elect Director Douglas C. Yearley Mgmt For For 2 Ratify Auditors Mgmt For For 3 Report on Executive Ties to Government ShrHoldr Against Against 4 Submit Shareholder Rights Plan (Poison Pill) to ShrHoldr Against Against Shareholder Vote 5 Prohibit Auditor from Providing Non-Audit ShrHoldr Against Against Services 6 Develop Ethical Criteria for Military Contracts ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/28/2004 Lowe 548661107 LOW 1.1 Elect Director Leonard L. Berry Mgmt For For 1.2 Elect Director Paul Fulton Mgmt For For 1.3 Elect Director Dawn E. Hudson Mgmt For Withhold 1.4 Elect Director Marshall O. Larsen Mgmt For For 1.5 Elect Director Robert A. Niblock Mgmt For For 1.6 Elect Director Stephen F. Page Mgmt For For 1.7 Elect Director O. Temple Sloan, Jr. Mgmt For For 1.8 Elect Director Robert L. Tillman Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 8/28/2003 Medtronic, Inc. 585055106 MDT 1.1 Elect Director Richard H. Anderson Mgmt For For 1.2 Elect Director Michael R. Bonsignore Mgmt For For 1.3 Elect Director Gordon M. Sprenger Mgmt For Withhold 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Approve Executive Incentive Bonus Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/27/2004 Merck & Co., Inc. 589331107 MRK 1.1 Elect Director Peter C. Wendell Mgmt For For 1.2 Elect Director William G. Bowen Mgmt For For 1.3 Elect Director William M. Daley Mgmt For For 1.4 Elect Director Thomas E. Shenk Mgmt For For 1.5 Elect Director Wendell P. Weeks Mgmt For For 2 Ratify Auditors Mgmt For For 3 Declassify the Board of Directors Mgmt For For 4 Prohibit Awards to Executives ShrHoldr Against Against 5 Develop Ethical Criteria for Patent Extension ShrHoldr Against Against 6 Link Executive Compensation to Social Issues ShrHoldr Against Against 7 Report on Political Contributions ShrHoldr Against Against 8 Report on Operational Impact of HIV/AIDS, TB, ShrHoldr Against Against and Malaria Pandemic - ------------------------------------------------------------------------------------------------------------------ 11/11/2003 Microsoft Corp. 594918104 MSFT 1.1 Elect Director William H. Gates, III Mgmt For For 1.2 Elect Director Steven A. Ballmer Mgmt For For 1.3 Elect Director James I. Cash, Jr., Ph.D. Mgmt For For 1.4 Elect Director Raymond V. Gilmartin Mgmt For For 1.5 Elect Director Ann McLaughlin Korologos Mgmt For For 1.6 Elect Director David F. Marquardt Mgmt For For 1.7 Elect Director Charles H. Noski Mgmt For For 1.8 Elect Director Dr. Helmut Panke Mgmt For For 1.9 Elect Director Wm. G. Reed, Jr. Mgmt For For 1.10 Elect Director Jon A. Shirley Mgmt For Withhold 2 Amend Omnibus Stock Plan Mgmt For For 3 Amend Non-Employee Director Stock Option Plan Mgmt For For Shareholder Proposal 4 Refrain from Giving Charitable Contributions ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/12/2004 Murphy Oil Corp. 626717102 MUR 1.1 Elect Director Frank W. Blue Mgmt For For 1.2 Elect Director George S. Dembroski Mgmt For For 1.3 Elect Director Claiborne P. Deming Mgmt For For 1.4 Elect Director Robert A. Hermes Mgmt For For 1.5 Elect Director R. Madison Murphy Mgmt For Withhold 1.6 Elect Director William C. Nolan, Jr. Mgmt For For 1.7 Elect Director Ivar B. Ramberg Mgmt For For 1.8 Elect Director David J. H. Smith Mgmt For For 1.9 Elect Director Caroline G. Theus Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/27/2004 Nextel Communications, Inc. 65332V103 NXTL 1.1 Elect Director Keith J. Bane Mgmt For For 1.2 Elect Director V. Janet Hill Mgmt For For 2 Ratify Auditors Mgmt For For 3 Amend Employee Stock Purchase Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 3/25/2004 Nokia Corp. 654902204 Meeting for Holders of ADRs 1 APPROVAL OF THE INCOME STATEMENTS AND THE Mgmt For For BALANCE SHEETS. 2 APPROVAL OF A DIVIDEND OF EUR 0.30 PER SHARE. Mgmt For For 3 APPROVAL OF THE DISCHARGE OF THE CHAIRMAN, THE Mgmt For For MEMBERS OF THE BOARD OF DIRECTORS AND THE PRESIDENT FROM LIABILITY. 4.1 Elect Director Paul J. Collins Mgmt For For 4.2 Elect Director Georg Ehrnrooth Mgmt For For 4.3 Elect Director Bengt Holmstrom Mgmt For For 4.4 Elect Director Per Karlsson Mgmt For For 4.5 Elect Director Jorma Ollila Mgmt For For 4.6 Elect Director Marjorie Scardino Mgmt For For 4.7 Elect Director Vesa Vainio Mgmt For For 4.8 Elect Director Arne Wessberg Mgmt For For 5 Ratify Auditors Mgmt For For 6 APPROVAL OF THE PROPOSAL OF THE BOARD TO REDUCE Mgmt For For THE SHARE CAPITAL THROUGH CANCELLATION OF NOKIA SHARES HELD BY THE COMPANY 7 APPROVAL OF THE AUTHORIZATION TO THE BOARD TO Mgmt For For INCREASE THE SHARE CAPITAL OF THE COMPANY. 8 APPROVAL OF THE AUTHORIZATION TO THE BOARD TO Mgmt For For REPURCHASE NOKIA SHARES. 9 APPROVAL OF THE AUTHORIZATION TO THE BOARD TO Mgmt For For DISPOSE NOKIA SHARES HELD BY THE COMPANY. 10 APPROVAL OF THE PROPOSAL OF THE BOARD TO Mgmt For For INCREASE THE CAPITAL OF THE FOUNDATION OF NOKIA CORPORATION. 11 MARK THE FOR BOX IF YOU WISH TO INSTRUCT THE Mgmt Against DEPOSITARY TO GIVE A PROXY TO ANY ONE OF MARIANNA UOTINEN-TARKOMA, ESA KAUNISTOLA, BOTH LEGAL COUNSELS OF NOKIA CORPORATION, TO AUTHORIZE ANY OF THEM (WITH FULL POWER OF SUBSTITUTION) TO VOTE, IN THEIR DISCR - ------------------------------------------------------------------------------------------------------------------ 4/30/2004 Occidental Petroleum Corp. 674599105 OXY 1.1 Elect Director Ronald W. Burkle Mgmt For For 1.2 Elect Director John S. Chalsty Mgmt For For 1.3 Elect Director Edward P. Djerejian Mgmt For For 1.4 Elect Director R. Chad Dreier Mgmt For For 1.5 Elect Director John E. Feick Mgmt For For 1.6 Elect Director Ray R. Irani Mgmt For For 1.7 Elect Director Dale R. Laurance Mgmt For For 1.8 Elect Director Irvin W. Maloney Mgmt For For 1.9 Elect Director Rodolfo Segovia Mgmt For For 1.10 Elect Director Aziz D. Syriani Mgmt For For 1.11 Elect Director Rosemary Tomich Mgmt For For 1.12 Elect Director Walter L. Weisman Mgmt For For 2 Ratify Auditors Mgmt For For 3 Amend Non-Employee Director Restricted Stock Mgmt For For Plan 4 Prohibit Awards to Executives ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/25/2004 Omnicom Group Inc. 681919106 OMC 1.1 Elect Director John D. Wren Mgmt For For 1.2 Elect Director Bruce Crawford Mgmt For For 1.3 Elect Director Robert Charles Clark Mgmt For For 1.4 Elect Director Leonard S. Coleman, Jr. Mgmt For For 1.5 Elect Director Errol M. Cook Mgmt For For 1.6 Elect Director Susan S. Denison Mgmt For For 1.7 Elect Director Michael A. Henning Mgmt For For 1.8 Elect Director John R. Murphy Mgmt For For 1.9 Elect Director John R. Purcell Mgmt For For 1.10 Elect Director Linda Johnson Rice Mgmt For For 1.11 Elect Director Gary L. Roubos Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Non-Employee Director Stock Option Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/13/2003 Oracle Corp. 68389X105 ORCL 1.1 Elect Director Lawrence J. Ellison Mgmt For For 1.2 Elect Director Donald L. Lucas Mgmt For For 1.3 Elect Director Michael J. Boskin Mgmt For For 1.4 Elect Director Jeffrey O. Henley Mgmt For For 1.5 Elect Director Jack F. Kemp Mgmt For For 1.6 Elect Director Jeffrey Berg Mgmt For For 1.7 Elect Director Safra Catz Mgmt For For 1.8 Elect Director Hector Garcia-Molina Mgmt For For 1.9 Elect Director Joseph A. Grundfest Mgmt For For 1.10 Elect Director H. Raymond Bingham Mgmt For For 2 Approve Executive Incentive Bonus Plan Mgmt For For 3 Ratify Auditors Mgmt For For 4 Amend Non-Employee Director Omnibus Stock Plan Mgmt For For Shareholder Proposal 5 Implement China Principles ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/5/2004 PepsiCo, Inc. 713448108 PEP 1.1 Elect Director John F. Akers Mgmt For For 1.2 Elect Director Robert E. Allen Mgmt For For 1.3 Elect Director Ray L. Hunt Mgmt For For 1.4 Elect Director Arthur C. Martinez Mgmt For For 1.5 Elect Director Indra K. Nooyi Mgmt For For 1.6 Elect Director Franklin D. Raines Mgmt For For 1.7 Elect Director Steven S. Reinemund Mgmt For For 1.8 Elect Director Sharon Percy Rockefeller Mgmt For For 1.9 Elect Director James J. Schiro Mgmt For For 1.10 Elect Director Franklin A. Thomas Mgmt For For 1.11 Elect Director Cynthia M. Trudell Mgmt For For 1.12 Elect Director Solomon D. Trujillo Mgmt For For 1.13 Elect Director Daniel Vasella Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Executive Incentive Bonus Plan Mgmt For For 4 Report on Political Contributions/Activities ShrHoldr Against Against 5 Report on Operational Impact of HIV/AIDS, TB, ShrHoldr Against Against and Malaria Pandemic - ------------------------------------------------------------------------------------------------------------------ 4/22/2004 Pfizer Inc. 717081103 PFE 1.1 Elect Director Michael S. Brown Mgmt For For 1.2 Elect Director M. Anthony Burns Mgmt For For 1.3 Elect Director Robert N. Burt Mgmt For For 1.4 Elect Director W. Don Cornwell Mgmt For For 1.5 Elect Director William H. Gray III Mgmt For For 1.6 Elect Director Constance J. Horner Mgmt For For 1.7 Elect Director William R. Howell Mgmt For For 1.8 Elect Director Stanley O. Ikenberry Mgmt For For 1.9 Elect Director George A. Lorch Mgmt For For 1.10 Elect Director Henry A. Mckinnell Mgmt For For 1.11 Elect Director Dana G. Mead Mgmt For For 1.12 Elect Director Franklin D. Raines Mgmt For For 1.13 Elect Director Ruth J. Simmons Mgmt For For 1.14 Elect Director William C. Steere, Jr. Mgmt For For 1.15 Elect Director Jean-Paul Valles Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Report on Operational Impact of HIV/AIDS, TB, ShrHoldr Against Against and Malaria Pandemic 5 Cease Political Contributions/Activities ShrHoldr Against Against 6 Report on Political Contributions/Activities ShrHoldr Against Against 7 Establish Term Limits for Directors ShrHoldr Against Against 8 Report on Drug Pricing ShrHoldr Against Against 9 Limit Awards to Executives ShrHoldr Against Against 10 Amend Animal Testing Policy ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 3/2/2004 QUALCOMM Inc. 747525103 QCOM 1.1 Elect Director Adelia A. Coffman Mgmt For Withhold 1.2 Elect Director Raymond V. Dittamore Mgmt For For 1.3 Elect Director Irwin Mark Jacobs Mgmt For For 1.4 Elect Director Richard Sulpizio Mgmt For For 2 Amend Stock Option Plan Mgmt For For 3 Ratify Auditors Mgmt For For 4 Declassify the Board of Directors ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 5/6/2004 Sap Ag 803054204 Meeting for Holders of ADRs 1 RESOLUTION ON THE APPROPRIATION OF THE RETAINED Mgmt For For EARNINGS OF THE FISCAL YEAR 2003 2 RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS Mgmt For For OF THE EXECUTIVE BOARD IN THE FISCAL YEAR 2003 3 RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS Mgmt For For OF THE SUPERVISORY BOARD IN THE FISCAL YEAR 2003 4 Ratify Auditors Mgmt For For 5 RESOLUTION ON ADJUSTMENTS TO SECTION 4 OF THE Mgmt For For ARTICLES OF ASSOCIATION 6 RESOLUTION ON THE AUTHORIZATION TO ACQUIRE AND Mgmt For For USE TREASURY SHARES 7 RESOLUTION ON THE AUTHORIZATION TO USE EQUITY Mgmt For Against DERIVATIVES IN CONNECTION WITH THE ACQUISITION OF TREASURY SHARES - ------------------------------------------------------------------------------------------------------------------ 4/14/2004 Schlumberger Ltd. 806857108 SLB Meeting for Holders of ADRs 1.1 Elect Director J. Deutch Mgmt For For 1.2 Elect Director J.S. Gorelick Mgmt For For 1.3 Elect Director A. Gould Mgmt For For 1.4 Elect Director T. Isaac Mgmt For For 1.5 Elect Director A. Lajous Mgmt For For 1.6 Elect Director A. Levy-Lang Mgmt For For 1.7 Elect Director D. Primat Mgmt For For 1.8 Elect Director T. Sandvold Mgmt For For 1.9 Elect Director N. Seydoux Mgmt For For 1.10 Elect Director L.G. Stuntz Mgmt For For 2 ADOPTION AND APPROVAL OF FINANCIALS AND Mgmt For For DIVIDENDS 3 APPROVAL OF ADOPTION OF THE 2004 STOCK AND Mgmt For For DEFERRAL PLAN FOR NON-EMPLOYEE DIRECTORS 4 APPROVAL OF AUDITORS Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/20/2003 SIT Money Market Fund Inc 82979F101 1.1 Elect Director Eugene Sit Mgmt For Withhold 1.2 Elect Director Sidney Jones Mgmt For For 1.3 Elect Director William Frenzel Mgmt For Withhold 1.4 Elect Director Bruce Lueck Mgmt For For 1.5 Elect Director John Hulse Mgmt For For 1.6 Elect Director Donald Phillips Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 4/29/2004 Suncor Energy Inc 867229106 SU Management Proposals 1.1 Elect Director Mel E. Benson Mgmt For For 1.2 Elect Director Brian A. Canfield Mgmt For For 1.3 Elect Director Susan E. Crocker Mgmt For For 1.4 Elect Director Bryan P. Davies Mgmt For For 1.5 Elect Director Brian A. Felesky Mgmt For For 1.6 Elect Director John T. Ferguson Mgmt For For 1.7 Elect Director W. Douglas Ford Mgmt For For 1.8 Elect Director Richard L. George Mgmt For For 1.9 Elect Director John R. Huff Mgmt For For 1.10 Elect Director Robert W. Korthals Mgmt For For 1.11 Elect Director M. Ann McCaig Mgmt For For 1.12 Elect Director Michael W. O'Brien Mgmt For For 1.13 Elect Director JR Shaw Mgmt For For 2 Ratify Auditors Mgmt For For Shareholder Proposals 3 Submit New Participants in the Senior Executive ShrHoldr Against Against Retirement Plan to a Shareholder Vote - ------------------------------------------------------------------------------------------------------------------ 8/21/2003 Symantec Corp. 871503108 SYMC 1.1 Elect Director Tania Amochaev Mgmt For For 1.2 Elect Director William Coleman Mgmt For For 1.3 Elect Director Dr. Per-Kristian Halvorsen Mgmt For For 1.4 Elect Director David Mahoney Mgmt For For 1.5 Elect Director Robert S. Miller Mgmt For For 1.6 Elect Director Bill Owens Mgmt For For 1.7 Elect Director George Reyes Mgmt For For 1.8 Elect Director Daniel H. Schulman Mgmt For For 1.9 Elect Director John W. Thompson Mgmt For For 2 Increase Authorized Common Stock Mgmt For For 3 Amend Stock Option Plan Mgmt For Against 4 Approve Executive Incentive Bonus Plan Mgmt For For 5 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 Target Corporation 87612E106 TGT 1.1 Elect Director Calvin Darden Mgmt For For 1.2 Elect Director Michele J. Hooper Mgmt For For 1.3 Elect Director Anne M. Mulcahy Mgmt For For 1.4 Elect Director Stephen W. Sanger Mgmt For For 1.5 Elect Director Warren R. Staley Mgmt For For 2 Ratify Auditors Mgmt For For 3 Amend Stock Option Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 10/27/2003 Teva Pharmaceutical Industries 881624209 1 Elect G. Shalev as an External Director Mgmt For For 2 Approve Increase in Remuneration of Directors Mgmt For For other than the Chairman - ------------------------------------------------------------------------------------------------------------------ 5/20/2004 Teva Pharmaceutical Industries 881624209 Meeting for Holders of ADRs 1 TO RECEIVE AND DISCUSS THE COMPANY'S Mgmt For For CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2003 AND THE CONSOLIDATED STATEMENTS. 2 TO APPROVE THE BOARD OF DIRECTORS Mgmt For Against RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2003, WHICH WAS PAID IN FOUR INSTALLMENTS AND AGGREGATED NIS 1.44 (APPROXIMATELY US$0.322) PER ORDINARY SHARE, BE DECLARED FINAL. 3 TO ELECT ABRAHAM E. COHEN TO SERVE FOR A Mgmt For For THREE-YEAR TERM. 4 TO ELECT LESLIE DAN TO SERVE FOR A THREE-YEAR Mgmt For For TERM. 5 TO ELECT PROF. MEIR HETH TO SERVE FOR A Mgmt For For THREE-YEAR TERM. 6 TO ELECT PROF. MOSHE MANY TO SERVE FOR A Mgmt For For THREE-YEAR TERM. 7 TO ELECT DOV SHAFIR TO SERVE FOR A THREE-YEAR Mgmt For For TERM. 8 TO APPROVE THE PURCHASE OF DIRECTOR'S AND Mgmt For Against OFFICER'S LIABILITY INSURANCE FOR THE DIRECTORS AND OFFICERS OF THE COMPANY. 9 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 3/31/2004 The Goldman Sachs Group, Inc. 38141G104 GS 1.1 Elect Director Lloyd C. Blankfein Mgmt For For 1.2 Elect Director Lord Browne Of Madingley Mgmt For For 1.3 Elect Director Claes Dahlback Mgmt For For 1.4 Elect Director James A. Johnson Mgmt For For 1.5 Elect Director Lois D. Juliber Mgmt For For 2 Ratify Auditors Mgmt For For 3 Declassify the Board of Directors ShrHoldr Against For - ------------------------------------------------------------------------------------------------------------------ 10/14/2003 The Procter & Gamble Company 742718109 PG 1.1 Elect Director Norman R. Augustine Mgmt For For 1.2 Elect Director A.G. Lafley Mgmt For For 1.3 Elect Director Johnathan A. Rodgers Mgmt For For 1.4 Elect Director John F. Smith, Jr. Mgmt For For 1.5 Elect Director Margaret C. Whitman Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Non-Employee Director Omnibus Stock Plan Mgmt For Against Shareholder Proposals 4 Declassify the Board of Directors ShrHoldr Against For 5 Label Genetically Engineered Foods ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/21/2004 Time Warner Inc 887317105 TWX 1.1 Elect Director James L. Barksdale Mgmt For For 1.2 Elect Director Stephen F. Bollenbach Mgmt For For 1.3 Elect Director Stephen M. Case Mgmt For For 1.4 Elect Director Frank J. Caufield Mgmt For For 1.5 Elect Director Robert C. Clark Mgmt For For 1.6 Elect Director Miles R. Gilburne Mgmt For For 1.7 Elect Director Carla A. Hills Mgmt For For 1.8 Elect Director Reuben Mark Mgmt For For 1.9 Elect Director Michael A. Miles Mgmt For For 1.10 Elect Director Kenneth J. Novack Mgmt For For 1.11 Elect Director Richard D. Parsons Mgmt For For 1.12 Elect Director R. E. Turner Mgmt For For 1.13 Elect Director Francis T. Vincent, Jr. Mgmt For For 2 Ratify Auditors Mgmt For For 3 Adopt China Principles ShrHoldr Against Against 4 Report on Pay Disparity ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/6/2004 United Parcel Service, Inc. 911312106 UPS 1.1 Elect Director Calvin Darden Mgmt For For 1.2 Elect Director Michael L. Eskew Mgmt For For 1.3 Elect Director James P. Kelly Mgmt For For 1.4 Elect Director Ann M. Livermore Mgmt For For 1.5 Elect Director Gary E. MacDougal Mgmt For For 1.6 Elect Director Victor A. Pelson Mgmt For For 1.7 Elect Director Lea N. Soupata Mgmt For For 1.8 Elect Director Robert M. Teeter Mgmt For For 1.9 Elect Director John W. Thompson Mgmt For For 1.10 Elect Director Carol B. Tome Mgmt For For 2 Ratify Auditors Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 5/12/2004 UnitedHealth Group Incorporated 91324P102 UNH 1.1 Elect Director William C. Ballard, Jr. Mgmt For For 1.2 Elect Director Richard T. Burke Mgmt For For 1.3 Elect Director Stephen J. Hemsley Mgmt For For 1.4 Elect Director Donna E. Shalala Mgmt For For 2 Ratify Auditors Mgmt For For 3 Expense Stock Options ShrHoldr Against For 4 Limit Awards to Executives ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/24/2004 Unocal Corp. 915289102 UCL 1.1 Elect Director Richard D. McCormick Mgmt For For 1.2 Elect Director Marina v.N. Whitman Mgmt For For 1.3 Elect Director Charles R. Williamson Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Approve Deferred Compensation Plan Mgmt For For 5 Separate Chairman and CEO Positions ShrHoldr Against Against 6 Limit Awards to Executives ShrHoldr Against Against 7 Establish Other Board Committee ShrHoldr Against For 8 Report on Greenhouse Gas Emissions ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/19/2004 Viacom Inc. 925524308 VIA 1.1 Elect Director George S. Abrams Mgmt For Withhold 1.2 Elect Director David R. Andelman Mgmt For Withhold 1.3 Elect Director Joseph A. Califano, Jr. Mgmt For For 1.4 Elect Director William S. Cohen Mgmt For For 1.5 Elect Director Philippe P. Dauman Mgmt For Withhold 1.6 Elect Director Alan C. Greenberg Mgmt For Withhold 1.7 Elect Director Mel Karmazin Mgmt For Withhold 1.8 Elect Director Jan Leschly Mgmt For For 1.9 Elect Director David T. McLaughlin Mgmt For For 1.10 Elect Director Shari Redstone Mgmt For Withhold 1.11 Elect Director Sumner M. Redstone Mgmt For Withhold 1.12 Elect Director Frederic V. Salerno Mgmt For Withhold 1.13 Elect Director William Schwartz Mgmt For Withhold 1.14 Elect Director Patty Stonesifer Mgmt For For 1.15 Elect Director Robert D. Walter Mgmt For For 2 Ratify Auditors Mgmt For For 3 Approve Omnibus Stock Plan Mgmt For For 4 Amend Non-Employee Director Stock Option Plan Mgmt For For - ------------------------------------------------------------------------------------------------------------------ 7/30/2003 Vodafone Group PLC 92857W100 1 Accept Financial Statements and Statutory Mgmt For For Reports 2 Approve Remuneration Report Mgmt For For 3 Reelect Lord MacLaurin of Knebworth as Director Mgmt For For 4 Reelect Kenneth Hydon as Director Mgmt For For 5 Reelect Thomas Geitner as Director Mgmt For For 6 Reelect Alec Broers as Director Mgmt For For 7 Reelect Juergen Schrempp as Director Mgmt For For 8 Elect John Buchanan as Director Mgmt For For 9 Approve Final Dividend of 0.8983 Pence Per Share Mgmt For For 10 Ratify Deloitte and Touche as Auditors Mgmt For For 11 Authorize Board to Fix Remuneration of Auditors Mgmt For For 12 Authorize EU Political Donations up to GBP Mgmt For Against 100,000 13 Authorize Issuance of Equity or Equity-Linked Mgmt For For Securities with Preemptive Rights up to Aggregate Nominal Amount of USD 900,000,000 14 Authorize Issuance of Equity or Equity-Linked Mgmt For For Securities without Preemptive Rights up to Aggregate Nominal Amount of USD 340,000,000 15 Authorize 6,800,000,000 Shares for Share Mgmt For For Repurchase Program - ------------------------------------------------------------------------------------------------------------------ 4/27/2004 Wells Fargo & Company 949746101 WFC 1.1 Elect Director J.A. Blanchard III Mgmt For For 1.2 Elect Director Susan E. Engel Mgmt For For 1.3 Elect Director Enrique Hernandez, Jr. Mgmt For For 1.4 Elect Director Robert L. Joss Mgmt For For 1.5 Elect Director Reatha Clark King Mgmt For For 1.6 Elect Director Richard M. Kovacevich Mgmt For For 1.7 Elect Director Richard D. McCormick Mgmt For For 1.8 Elect Director Cynthia H. Milligan Mgmt For For 1.9 Elect Director Philip J. Quigley Mgmt For For 1.10 Elect Director Donald B. Rice Mgmt For Withhold 1.11 Elect Director Judith M. Runstad Mgmt For Withhold 1.12 Elect Director Stephen W. Sanger Mgmt For For 1.13 Elect Director Susan G. Swenson Mgmt For For 1.14 Elect Director Michael W. Wright Mgmt For Withhold 2 Approve Retirement Plan Mgmt For For 3 Ratify Auditors Mgmt For For 4 Expense Stock Options ShrHoldr Against For 5 Limit Executive Compensation ShrHoldr Against Against 6 Link Executive Compensation to Social Issues ShrHoldr Against Against 7 Report on Political Contributions/Activities ShrHoldr Against Against - ------------------------------------------------------------------------------------------------------------------ 5/21/2004 Yahoo!, Inc. 984332106 YHOO 1.1 Elect Director Terry S. Semel Mgmt For Withhold 1.2 Elect Director Jerry Yang Mgmt For Withhold 1.3 Elect Director Roy J. Bostock Mgmt For Withhold 1.4 Elect Director Ronald W. Burkle Mgmt For Withhold 1.5 Elect Director Eric Hippeau Mgmt For Withhold 1.6 Elect Director Arthur H. Kern Mgmt For Withhold 1.7 Elect Director Robert A. Kotick Mgmt For Withhold 1.8 Elect Director Edward R. Kozel Mgmt For Withhold 1.9 Elect Director Gary L. Wilson Mgmt For Withhold 2 Amend Employee Stock Purchase Plan Mgmt For For 3 Ratify Auditors Mgmt For For 4 Expense Stock Options ShrHoldr Against For
SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Sit Balanced Fund, a series of Sit Mutual Funds, Inc. By (Signature and Title)*/s/ Paul E. Rasmussen, Vice President ------------------------------------------------------- Date August 31, 2004 --------------------------------------------------------------------------- * Print the name and title of each signing officer under his or her signature. -----END PRIVACY-ENHANCED MESSAGE-----