UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:    811-7062

PACIFIC GLOBAL FUND INC. D/B/A

PACIFIC ADVISORS FUND INC.

(Exact name of registrant as specified in charter)

101 NORTH BRAND BOULEVARD, SUITE 1950   GLENDALE, CALIFORNIA 91203

(Address of principal executive offices)

GEORGE A. HENNING   101 N. BRAND BLVD., SUITE 1950  GLENDALE, CA 91203

(Name and address of agent for service)

Registrant’s telephone number, including area code:  818-242-6693

Date of fiscal year end:       December 31

Date of reporting period:    June 30, 2008

Item 1.  Proxy Voting Record.

PACIFIC ADVISORS FUND INC. PROXY VOTING RECORD

RECEIVED JULY 1, 2007 - JUNE 30, 2008

GOVERNMENT SECURITIES FUND

				PROPOSED BY	DID	DID PAF VOTE	VOTE FOR (“F”)
			MEETING	CO (“C”) OR	PAF VOTE	FOR (“F”) OR	OR AGAINST
COMPANY NAME	TICKER	CUSIP	DATE	INVESTOR (“SH”)	Y OR N	AGAINST (“A”)	(“A”) MGT?	DESCRIPTION OF MATTER
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Election of nominees
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal - adoption of policies on internet censorship
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal - establishment of board committee on human rights
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Election of nominees
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to change the company’s name
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to replace the enumerated purposes clause with a general purposes clause
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	SH	Y	A	F	To consider and vote upon a stockholder proposal, if presented at the meeting
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Ratify the selection of auditor
PPL CORPORATION	PPL	69351T106	05/21/08	C	Y	F	F	Election of nominees
PPL CORPORATION	PPL	69351T106	05/21/08	C	Y	F	F	To eliminate supermajority voting requirements
PPL CORPORATION	PPL	69351T106	05/21/08	C	Y	F	F	Ratify the selection of auditor

PACIFIC ADVISORS FUND INC. PROXY VOTING RECORD

RECEIVED JULY 1, 2007 - JUNE 30, 2008

INCOME & EQUITY FUND

				PROPOSED BY	DID	DID PAF VOTE	VOTE FOR (“F”)
			MEETING	CO (“C”) OR	PAF VOTE	FOR (“F”) OR	OR AGAINST
COMPANY NAME	TICKER	CUSIP	DATE	INVESTOR (“SH”)	Y OR N	AGAINST (“A”)	(“A”) MGT?	DESCRIPTION OF MATTER
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	C	Y	F	F	Election of nominees
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	C	Y	F	F	Ratify the selection of auditor
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	SH	Y	A	F	Shareholder proposal-award no future stock options
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	SH	Y	A	F	Shareholder proposal-report on company policies and activities
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	SH	Y	A	F	Shareholder proposal-animal testing
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Election of nominees
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal-adoption of policies on internet censorship
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal-establishment of board committee on human rights
PUBLIC SERVICE ENTERPRISE GROUP INC.	PSEG	744573106	04/15/08	C	Y	F	F	Election of nominees
PUBLIC SERVICE ENTERPRISE GROUP INC.	PSEG	744573106	04/15/08	C	Y	F	F	Ratify the selection of auditor
PUBLIC SERVICE ENTERPRISE GROUP INC.	PSEG	744573106	04/15/08	SH	Y	A	F	Stockholder proposal relating to executive compensation
PUBLIC SERVICE ENTERPRISE GROUP INC.	PSEG	744573106	04/15/08	SH	Y	A	F	Stockholder proposal relating to the nomination of directors
PUBLIC SERVICE ENTERPRISE GROUP INC.	PSEG	744573106	04/15/08	SH	Y	A	F	Stockholder proposal relating to the election of directors
WILMINGTON TRUST CORPORATION	WL	971807102	04/17/08	C	Y	F	F	Election of nominees
WILMINGTON TRUST CORPORATION	WL	971807102	04/17/08	C	Y	F	F	Approval of 2008 employee stock purchase plan
WILMINGTON TRUST CORPORATION	WL	971807102	04/17/08	C	Y	F	F	Approval of 2008 long-term incentive plan
GENUINE PARTS COMPANY	GPC	372460105	04/21/08	C	Y	F	F	Election of nominees
GENUINE PARTS COMPANY	GPC	372460105	04/21/08	C	Y	F	F	Ratify the selection of auditor
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	C	Y	F	F	Election of nominees
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	C	Y	F	F	Ratify the selection of auditor
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - stock options
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - advisory vote on exec comp
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - determination of CEO comp
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - cumulative voting
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - independent Board Chairman
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - special shareholder meetings
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - equator principles
BANK OF AMERICA CORPORATION	BAC	060505104	04/23/08	SH	Y	A	F	Stockholder proposal - human rights
GENERAL ELECTRIC	GE	369604103	04/23/08	C	Y	F	F	Election of nominees
GENERAL ELECTRIC	GE	369604103	04/23/08	C	Y	F	F	Ratify the selection of auditor
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-cumulative voting
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-separate the roles of CEO and Chairman
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-recoup unearned management bonuses
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-curb over-extended directors
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-report on charitable contributions
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-global warming report
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-advisory vote on executive compensation
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Election of nominees
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Ratify the selection of auditor
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	SH	Y	A	F	Shareholder proposal: advisory vote on executive compensation policies and disclosure
PFIZER INC.	PFE	717081103	04/24/08	C	Y	F	F	Election of nominees
PFIZER INC.	PFE	717081103	04/24/08	C	Y	F	F	Ratify the selection of auditor
PFIZER INC.	PFE	717081103	04/24/08	SH	Y	A	F	Shareholder proposal regarding stock options
PFIZER INC.	PFE	717081103	04/24/08	SH	Y	A	F	Shareholder proposal requesting separation of Chairman and CEO roles
AT & T INC.	T	00206R102	04/25/08	C	Y	F	F	Election of nominees
AT & T INC.	T	00206R102	04/25/08	C	Y	F	F	Ratify the selection of auditor
AT & T INC.	T	00206R102	04/25/08	SH	Y	A	F	Stockholder proposal - report on political contributions
AT & T INC.	T	00206R102	04/25/08	SH	Y	A	F	Stockholder proposal - pension credit policy
AT & T INC.	T	00206R102	04/25/08	SH	Y	A	F	Stockholder proposal - lead independent director bylaw
AT & T INC.	T	00206R102	04/25/08	SH	Y	A	F	Stockholder proposal - SERP policy
AT & T INC.	T	00206R102	04/25/08	SH	Y	A	F	Stockholder proposal - advisory vote on compensation
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Election of nominees
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Ratify the selection of auditor
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Amendment to the restated certificate of incorporation-right to call a special meeting of shareowners
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	SH	Y	A	F	Pay-for-superior-performance principle
THE CHUBB CORPORATION	CB	171232101	04/29/08	C	Y	F	F	Election of nominees
THE CHUBB CORPORATION	CB	171232101	04/29/08	C	Y	F	F	Ratify the selection of auditor
E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	C	Y	F	F	Election of nominees
E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	C	Y	F	F	Ratify the selection of auditor
E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	SH	Y	A	F	Stockholder proposal regarding plan closure
E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	SH	Y	A	F	Stockholder proposal regarding separation positions of Chairman and CEO

E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	SH	Y	A	F	Stockholder proposal regarding global warming report
E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	SH	Y	A	F	Stockholder proposal regarding amendment to human rights policy
E. I. DU PONT DE NEMOURS AND COMPANY	DD	263534109	04/30/08	SH	Y	A	F	Stockholder proposal regarding shareholder say on executive pay
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	C	Y	F	F	Election of nominees
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	C	Y	F	F	Ratify the selection of auditor
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	SH	Y	A	F	Stockholder proposal to amend by-laws to allow stockholders to call special meeting
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	SH	Y	A	F	Stockholder proposal to adopt a policy for ratification of executive compensation
VERIZON COMMUNICATIONS INC.	VZ	92343V104	05/01/08	C	Y	F	F	Election of nominees
VERIZON COMMUNICATIONS INC.	VZ	92343V104	05/01/08	C	Y	F	F	Ratify the selection of auditor
VERIZON COMMUNICATIONS INC.	VZ	92343V104	05/01/08	SH	Y	A	F	Eliminate stock options
VERIZON COMMUNICATIONS INC.	VZ	92343V104	05/01/08	SH	Y	A	F	Gender identity nondiscrimination policy
VERIZON COMMUNICATIONS INC.	VZ	92343V104	05/01/08	SH	Y	A	F	Separate offices of Chairman and CEO
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	C	Y	F	F	Election of nominees
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	C	Y	F	F	Ratify the selection of auditor
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 3 - scientific report on global warming
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 4- advisory vote on executive compensation
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 5 - independence of compensation consultants
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 6 - pay-for-superior-performance principle
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 7 - special shareholder meetings
APACHE CORPORATION	APA	037411105	05/08/08	C	Y	F	F	Election of nominees
APACHE CORPORATION	APA	037411105	05/08/08	SH	Y	A	F	Stockholder proposal concerning reimbursement of proxy expenses
DUKE ENERGY CORPORATION	DUK	264410105	05/08/08	C	Y	F	F	Election of nominees
DUKE ENERGY CORPORATION	DUK	264410105	05/08/08	C	Y	F	F	Ratify the selection of auditor
DUKE ENERGY CORPORATION	DUK	264410105	05/08/08	C	Y	F	F	Approval of the amended and restated executive short-term incentive plan
DOMINION RESOURCES, INC.	D	25746U109	05/09/08	C	Y	F	F	Election of nominees
DOMINION RESOURCES, INC.	D	25746U109	05/09/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	C	Y	F	F	Election of nominees
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	SH	Y	A	F	Shareholder proposal relating to the human right to water
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	SH	Y	A	F	Shareholder proposal relating to the reporting of political contributions
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	Election of nominees
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	To amend amended and restated by-laws and restated certificate of incorporation
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	Ratify the selection of auditor
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Qualifications for director nominees
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Report on recognition of indigenous rights
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Advisory vote on executive compensation
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Political contributions
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Greenhouse gas reduction
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Community accountability
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Drilling in sensitive/protected areas
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Environmental impact
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Global warming
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Election of nominees
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to change the company’s name
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to replace the enumerated purposes clause with a general purposes clause
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	SH	Y	A	F	To consider and vote upon a stockholder proposal, if presented at the meeting
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Ratify the selection of auditor
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	C	Y	F	F	Election of nominees
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	C	Y	F	F	Ratify the selection of auditor
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	SH	Y	A	F	Shareholder proposal regarding climate change
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	C	Y	F	F	To transact such other business as may properly be brought
XTO ENERGY INC.	XTO	98385X106	05/20/08	C	Y	F	F	Election of nominees
XTO ENERGY INC.	XTO	98385X106	05/20/08	C	Y	F	F	Approval of amended and restated 2004 stock incentive plan
XTO ENERGY INC.	XTO	98385X106	05/20/08	C	Y	F	F	Ratify the selection of auditor
XTO ENERGY INC.	XTO	98385X106	05/20/08	SH	Y	A	F	Stockholder proposal to declassify the board of directors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To receive and adopt the directors’ report and the financial statements
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To approve the remuneration report
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Election of nominees
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Re-appointment of auditors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Remuneration of auditors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To authorize the company to make donations EU political organizations
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Authority to allot shares
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Disapplication of pre-emption rights
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Authority for the company to purchase its own shares
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Adopt new articles of association
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	Election of nominees
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	Ratify the selection of auditor
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	To approve the material terms of officer performance goals under the management incentive plan
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	To amend the employee stock purchase plan to increase the number of reserved shares

THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding political nonpartisanship
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding special shareholder meetings
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding employment diversity reports disclosure
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding executive officer compensation
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding pay-for-superior performance
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	C	Y	F	F	Election of nominees
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	C	Y	F	F	Ratify the selection of auditor
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	SH	Y	A	F	Stockholder proposal 1 - shareholder say on executive pay
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	SH	Y	A	F	Stockholder proposal 2 - cumulative voting
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	SH	Y	A	F	Stockholder proposal 3 - apply globally practices demanded by the master settlement agreement
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	SH	Y	A	F	Stockholder proposal 4 - stop youth-oriented ad campaigns
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	SH	Y	A	F	Stockholder proposal 5 - “two-cigarette” approach to marketing
ALTRIA GROUP, INC.	MO	02209S103	05/28/08	SH	Y	A	F	Stockholder proposal 6 - endorse health care principles

PACIFIC ADVISORS FUND INC. PROXY VOTING RECORD

RECEIVED JULY 1, 2007 - JUNE 30, 2008

BALANCED FUND

				PROPOSED BY	DID	DID PAF VOTE	VOTE FOR (“F”)
			MEETING	CO (“C”) OR	PAF VOTE	FOR (“F”) OR	OR AGAINST
COMPANY NAME	TICKER	CUSIP	DATE	INVESTOR (“SH”)	Y OR N	AGAINST (“A”)	(“A”) MGT?	DESCRIPTION OF MATTER
MYLAN LABORATORIES INC.	MYL	628530107	07/27/07	C	Y	F	F	Election of nominees
MYLAN LABORATORIES INC.	MYL	628530107	07/27/07	C	Y	F	F	Ratify the selection of auditor
RIO TINTO PLC	RTP	767204100	09/14/07	C	Y	F	F	Approval of the acquisition of Alcan Inc and related matters
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	C	Y	F	F	Election of nominees
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	C	Y	F	F	Ratify the selection of auditor
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	SH	Y	A	F	Shareholder proposal-award no future stock options
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	SH	Y	A	F	Shareholder proposal-report on company policies and activities
THE PROCTER & GAMBLE COMPANY	PG	742718109	10/09/07	SH	Y	A	F	Shareholder proposal-animal testing
LIBERTY MEDIA CORPORATION	LINTA	53071M104	10/23/07	C	Y	F	F	New tracking stock proposal
LIBERTY MEDIA CORPORATION	LINTA	53071M104	10/23/07	C	Y	F	F	Recapitalization proposal
LIBERTY MEDIA CORPORATION	LINTA	53071M104	10/23/07	C	Y	F	F	Optional conversion proposal
LIBERTY MEDIA CORPORATION	LINTA	53071M104	10/23/07	C	Y	F	F	Group disposition proposal
SPECTRA ENERGY CORPORATION	SE	847560109	10/31/07	C	Y	F	F	Election of nominees
SPECTRA ENERGY CORPORATION	SE	847560109	10/31/07	C	Y	F	F	Ratify the selection of auditor
AUTOMATIC DATA PROCESSING INC.	ADP	053015103	11/13/07	C	Y	F	F	Election of nominees
AUTOMATIC DATA PROCESSING INC.	ADP	053015103	11/13/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Election of nominees
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal-adoption of policies on internet censorship
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal-establishment of board committee on human rights
CAMERON INTERNATIONAL CORPORATION	CAM	13342B105	12/07/07	C	Y	F	F	Increase the number of authorized shares of common stock
CUBIC CORPORATION	CUB	229669106	02/26/08	C	Y	F	F	Election of nominees
CUBIC CORPORATION	CUB	229669106	02/26/08	C	Y	F	F	Ratify the selection of auditor
THE WALT DISNEY COMPANY	DIS	254687106	3/6/2008	C	Y	F	F	Election of nominees
THE WALT DISNEY COMPANY	DIS	254687106	3/6/2008	C	Y	F	F	Ratify the selection of auditor
THE WALT DISNEY COMPANY	DIS	254687106	3/6/2008	C	Y	F	F	To approve the amendment to the amended and restated 2005 stock incentive plan
THE WALT DISNEY COMPANY	DIS	254687106	3/6/2008	C	Y	F	F	To approve the terms of the amended and restated 2002 executive performance plan
COVIDIEN LTD	COV	G2552X108	03/18/08	C	Y	F	F	Election of nominees
COVIDIEN LTD	COV	G2552X108	03/18/08	C	Y	F	F	Ratify the selection of auditor
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To consider the scheme of arrangement referred to in the notice of court meeting
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the scheme of arrangement, the amendments to the articles of association and related matters
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the demerger of Americas Beverages and the entry into the demerger agreements
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the proposed reduction of capital
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the amendments to the executive share schemes
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the incentive and share awards plans
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the employee and share option schemes
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the establishment of additional share schemes for overseas employees and subsidiaries
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the increase in the maximum value of an annual award
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To receive the 2007 financial statements and the 2007 annual report and accounts
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To declare the final dividend
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To approve the directors’ remuneration report
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	Election of nominees
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To authorize the directors to set the auditors fees
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To authorize the directors to allot further shares
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To disapply pre-emption rights
CADBURY SCHWEPPES PLC	CSG	127209302	04/11/08	C	Y	F	F	To authorize the company to buy back shares
BANCO LATINOAMERICANO DE EXPORT., S.A.	BLX	P16994132	04/15/08	C	Y	F	F	Election of nominees
BANCO LATINOAMERICANO DE EXPORT., S.A.	BLX	P16994132	04/15/08	C	Y	F	F	To approve the bank’s audited financial statements
BANCO LATINOAMERICANO DE EXPORT., S.A.	BLX	P16994132	04/15/08	C	Y	F	F	Ratify the selection of auditor
THE COCA-COLA COMPANY	KO	191216100	04/16/08	C	Y	F	F	Election of nominees
THE COCA-COLA COMPANY	KO	191216100	04/16/08	C	Y	F	F	Ratify the selection of auditor
THE COCA-COLA COMPANY	KO	191216100	04/16/08	C	Y	F	F	Approval of the 2008 stock option plan
THE COCA-COLA COMPANY	KO	191216100	04/16/08	SH	Y	A	F	Shareowner proposal regarding an advisory vote on executive compensation

THE COCA-COLA COMPANY	KO	191216100	04/16/08	SH	Y	A	F	Shareowner proposal regarding an independent board chair
THE COCA-COLA COMPANY	KO	191216100	04/16/08	SH	Y	A	F	Shareowner proposal regarding a board committee on human rights
METLIFE, INC.	MET	59156R108	04/22/08	C	Y	F	F	Election of nominees
METLIFE, INC.	MET	59156R108	04/22/08	C	Y	F	F	Ratify the selection of auditor
PERKINELMER, INC.	PKI	714046109	04/22/08	C	Y	F	F	Election of nominees
PERKINELMER, INC.	PKI	714046109	04/22/08	C	Y	F	F	Ratify the selection of auditor
MOODY’S CORPORATION	MCO	615369105	04/22/08	C	Y	F	F	Election of nominees
MOODY’S CORPORATION	MCO	615369105	04/22/08	C	Y	F	F	Ratify the selection of auditor
MOODY’S CORPORATION	MCO	615369105	04/22/08	SH	Y	A	F	Stockholder proposal to adopt simple majority vote requirements
GENERAL ELECTRIC	GE	369604103	04/23/08	C	Y	F	F	Election of nominees
GENERAL ELECTRIC	GE	369604103	04/23/08	C	Y	F	F	Ratify the selection of auditor
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-cumulative voting
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-separate the roles of CEO and Chairman
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-recoup unearned management bonuses
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-curb over-extended directors
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-report on charitable contributions
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-global warming report
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-advisory vote on executive compensation
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Election of nominees
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Ratify the selection of auditor
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	SH	Y	A	F	Shareholder proposal: advisory vote on executive compensation policies and disclosure
PFIZER INC.	PFE	717081103	04/24/08	C	Y	F	F	Election of nominees
PFIZER INC.	PFE	717081103	04/24/08	C	Y	F	F	Ratify the selection of auditor
PFIZER INC.	PFE	717081103	04/24/08	SH	Y	A	F	Shareholder proposal regarding stock options
PFIZER INC.	PFE	717081103	04/24/08	SH	Y	A	F	Shareholder proposal requesting separation of Chairman and CEO roles
SUNCOR ENERGY INC.	SU	867229106	04/24/08	C	Y	F	F	Election of nominees
SUNCOR ENERGY INC.	SU	867229106	04/24/08	C	Y	F	F	Ratify the selection of auditor
SUNCOR ENERGY INC.	SU	867229106	04/24/08	C	Y	F	F	Amendment and restatement of shareholders rights plan
SUNCOR ENERGY INC.	SU	867229106	04/24/08	C	Y	F	F	Amendment of articles: two for one division of common shares
WYETH	WYE	983024100	04/24/08	C	Y	F	F	Election of nominees
WYETH	WYE	983024100	04/24/08	C	Y	F	F	Ratify the selection of auditor
WYETH	WYE	983024100	04/24/08	C	Y	F	F	To amend and restate the 2005 stock incentive plan
WYETH	WYE	983024100	04/24/08	C	Y	F	F	To adopt the 2008 non-employee director stock incentive plan
WYETH	WYE	983024100	04/24/08	SH	Y	A	F	Stockholder proposal on reporting the political contributions and trade association payment
WYETH	WYE	983024100	04/24/08	SH	Y	A	F	Stockholder proposal on adoption of a by-law for the recoupment of incentive bonuses
GATX CORPORATION	GMT	361448103	04/25/08	C	Y	F	F	Election of nominees
GATX CORPORATION	GMT	361448103	04/25/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Election of nominees
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Require a majority vote for the election of directors in non-contested elections
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Eliminate statutory supermajority voting: merger or consolidation
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Eliminate statutory supermajority voting: sale, lease, exchange or other disposition
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Eliminate the statutory supermajority voting: plan for the exchange of shares
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	C	Y	F	F	Eliminate the statutory supermajority voting: authorization of dissolution
AMERICAN EXPRESS COMPANY	AXP	025816109	04/28/08	SH	Y	A	F	A shareholder proposal relating to cumulative voting for directors
THE BOEING COMPANY	BA	097023105	04/28/08	C	Y	F	F	Election of nominees
THE BOEING COMPANY	BA	097023105	04/28/08	C	Y	F	F	Ratify the selection of auditor
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Prepare a report on foreign military sales
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Adopt health care principles
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Adopt, implement and monitor human rights policies
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require an independent lead director
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require and performance-based stock options
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require an advisor vote on named executive officer compensation
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require shareholder approval of future severance arrangements
THE CHUBB CORPORATION	CB	171232101	04/29/08	C	Y	F	F	Election of nominees
THE CHUBB CORPORATION	CB	171232101	04/29/08	C	Y	F	F	Ratify the selection of auditor
BERKSHIRE HATHAWAY INC.	BRKA	084670108	05/03/08	C	Y	F	F	Election of nominees
BRISTOL-MYERS SQUIBB COMPANY	BMY	110122108	05/06/08	C	Y	F	F	Election of nominees
BRISTOL-MYERS SQUIBB COMPANY	BMY	110122108	05/06/08	C	Y	F	F	Ratify the selection of auditor

BRISTOL-MYERS SQUIBB COMPANY	BMY	110122108	05/06/08	SH	Y	A	F	Executive compensation disclosure
DUKE ENERGY CORPORATION	DUK	264410105	05/08/08	C	Y	F	F	Election of nominees
DUKE ENERGY CORPORATION	DUK	264410105	05/08/08	C	Y	F	F	Ratify the selection of auditor
DUKE ENERGY CORPORATION	DUK	264410105	05/08/08	C	Y	F	F	Approval of the amended and restated executive short-term incentive plan
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Election of nominees
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Approval of the annual accounts
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Approval of the distribution of the profit for the year, payment of dividend
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Approval of the discharge of the Chairman, directors and the President, from liability
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Approval of the remuneration to the members of the board of directors
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Approval of the number of the members of the board of directors
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Approval of the auditor remuneration
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Ratify the selection of auditor
NOKIA CORPORATION	NOKA	654902204	05/08/08	C	Y	F	F	Authorize the board of directors to resolve to repurchase company shares
SPECTRA ENERGY CORP	SE	847560109	05/08/08	C	Y	F	F	Election of nominees
SPECTRA ENERGY CORP	SE	847560109	05/08/08	C	Y	F	F	Approval of the 2007 long-term incentive plan
SPECTRA ENERGY CORP	SE	847560109	05/08/08	C	Y	F	F	Approval of the short-term incentive plan
SPECTRA ENERGY CORP	SE	847560109	05/08/08	C	Y	F	F	Ratify the selection of auditor
UNITED PARCEL SERVICE, INC.	UPS	911312106	05/08/08	C	Y	F	F	Election of nominees
UNITED PARCEL SERVICE, INC.	UPS	911312106	05/08/08	C	Y	F	F	Ratify the selection of auditor
ALLETE, INC.	ALE	018522300	05/13/08	C	Y	F	F	Election of nominees
ALLETE, INC.	ALE	018522300	05/13/08	C	Y	F	F	Ratify the selection of auditor
CAMERON INTERNATIONAL CORPORATION	CAM	13342B105	05/14/08	C	Y	F	F	Election of nominees
CAMERON INTERNATIONAL CORPORATION	CAM	13342B105	05/14/08	C	Y	F	F	Ratify the selection of auditor
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	Election of nominees
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	To amend amended and restated by-laws and restated certificate of incorporation
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	Ratify the selection of auditor
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Qualifications for director nominees
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Report on recognition of indigenous rights
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Advisory vote on executive compensation
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Political contributions
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Greenhouse gas reduction
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Community accountability
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Drilling in sensitive/protected areas
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Environmental impact
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Global warming
NATIONAL OILWELL VARCO, INC.	NOV	637071101	05/14/08	C	Y	F	F	Election of nominees
NATIONAL OILWELL VARCO, INC.	NOV	637071101	05/14/08	C	Y	F	F	Ratify the selection of auditor
NATIONAL OILWELL VARCO, INC.	NOV	637071101	05/14/08	C	Y	F	F	Approval of the annual incentive plan
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Election of nominees
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to change the company’s name
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to replace the enumerated purposes clause with a general purposes clause
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	SH	Y	A	F	To consider and vote upon a stockholder proposal, if presented at the meeting
CITIZENS COMMUNICATION COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Ratify the selection of auditor
THE WILLIAMS COMPANIES, INC.	WMB	969457100	05/15/08	C	Y	F	F	Election of nominees
THE WILLIAMS COMPANIES, INC.	WMB	969457100	05/15/08	C	Y	F	F	Ratify the selection of auditor
TIME WARNER INC.	TWX	887317105	05/16/08	C	Y	F	F	Election of nominees
TIME WARNER INC.	TWX	887317105	05/16/08	C	Y	F	F	To amend the certificate of incorporation to eliminate the remaining super-majority vote requirements
TIME WARNER INC.	TWX	887317105	05/16/08	SH	Y	A	F	To approve the amended and restated annual bonus plan for executive officers
TIME WARNER INC.	TWX	887317105	05/16/08	SH	Y	A	F	Ratify the selection of auditor
TIME WARNER INC.	TWX	887317105	05/16/08	SH	Y	A	F	Stockholder proposal regarding separation of roles of Chairman and CEO
CITADEL BROADCASTING CORPORATION	CDL	17285T106	05/19/08	C	Y	F	F	Election of nominees
CITADEL BROADCASTING CORPORATION	CDL	17285T106	05/19/08	C	Y	F	F	Ratify the selection of auditor
CITADEL BROADCASTING CORPORATION	CDL	17285T106	05/19/08	C	Y	F	F	To provide the discretionary authority
HALLIBURTON COMPANY	HAL	406216101	05/21/08	C	Y	F	F	Election of nominees
HALLIBURTON COMPANY	HAL	406216101	05/21/08	C	Y	F	F	Ratify the selection of auditor
HALLIBURTON COMPANY	HAL	406216101	05/21/08	C	Y	F	F	Reapproval of material terms of performance goals under 1993 stock and incentive plan
HALLIBURTON COMPANY	HAL	406216101	05/21/08	SH	Y	A	F	Proposal on human rights policy
HALLIBURTON COMPANY	HAL	406216101	05/21/08	SH	Y	A	F	Proposal on political contributions
HALLIBURTON COMPANY	HAL	406216101	05/21/08	SH	Y	A	F	Proposal on human rights board committee

RELIANCE STEEL & ALUMINUM CO.	RS	759509102	05/21/08	C	Y	F	F	Election of nominees
RELIANCE STEEL & ALUMINUM CO.	RS	759509102	05/21/08	C	Y	F	F	To approve the corporate officers bonus plan
RELIANCE STEEL & ALUMINUM CO.	RS	759509102	05/21/08	C	Y	F	F	Ratify the selection of auditor
RELIANCE STEEL & ALUMINUM CO.	RS	759509102	05/21/08	C	Y	F	F	Such other matters as may properly come before the meeting
SANDISK CORPORATION	SNDK	80004C101	05/28/08	C	Y	F	F	Election of nominees
SANDISK CORPORATION	SNDK	80004C101	05/28/08	C	Y	F	F	Ratify the selection of auditor
SANDISK CORPORATION	SNDK	80004C101	05/28/08	SH	Y	A	F	Stockholder proposal regarding majority voting for directors of the company
WHITE MOUNTAINS INSURANCE GROUP, LTD.	WTM	G9618E107	05/29/08	C	Y	F	F	Election of nominees
WHITE MOUNTAINS INSURANCE GROUP, LTD.	WTM	G9618E107	05/29/08	C	Y	F	F	Amendment to the bye-law 62
WHITE MOUNTAINS INSURANCE GROUP, LTD.	WTM	G9618E107	05/29/08	C	Y	F	F	Amendment to the bye-law 39 and 52
WHITE MOUNTAINS INSURANCE GROUP, LTD.	WTM	G9618E107	05/29/08	C	Y	F	F	Ratify the selection of auditor
DEVON ENERGY CORPORATION	DVN	25179M103	06/04/08	C	Y	F	F	Election of nominees
DEVON ENERGY CORPORATION	DVN	25179M103	06/04/08	C	Y	F	F	Ratify the selection of auditor
DEVON ENERGY CORPORATION	DVN	25179M103	06/04/08	C	Y	F	F	Amendment to increase the number of authorized shares of common stock
DEVON ENERGY CORPORATION	DVN	25179M103	06/04/08	C	Y	F	F	Amend the restated certificate of incorporation to provide for the annual election of directors
INGERSOLL-RAND COMPANY LIMITED	IR	G4776G101	06/04/08	C	Y	F	F	Election of nominees
INGERSOLL-RAND COMPANY LIMITED	IR	G4776G101	06/04/08	C	Y	F	F	Approval of the amended and restated bye-laws of the company
INGERSOLL-RAND COMPANY LIMITED	IR	G4776G101	06/04/08	C	Y	F	F	Appointment of auditors and authorization of board of directors to fix the auditors’ remuneration
INGERSOLL-RAND COMPANY LIMITED	IR	G4776G101	06/04/08	SH	Y	A	F	To require a shareholder vote on an advisory resolution with respect to executive compensation
LIBERTY GLOBAL, INC.	LBTYA	530555101	06/12/08	C	Y	F	F	Election of nominees
LIBERTY GLOBAL, INC.	LBTYA	530555101	06/12/08	C	Y	F	F	Ratify the selection of auditor

PACIFIC ADVISORS FUND INC. PROXY VOTING RECORD

RECEIVED JULY 1, 2007 - JUNE 30, 2008

GROWTH FUND

				PROPOSED BY	DID	DID PAF VOTE	VOTE FOR (“F”)
			MEETING	CO (“C”) OR	PAF VOTE	FOR (“F”) OR	OR AGAINST
COMPANY NAME	TICKER	CUSIP	DATE	INVESTOR (“SH”)	Y OR N	AGAINST (“A”)	(“A”) MGT?	DESCRIPTION OF MATTER
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/12/07	C	Y	F	F	Election of nominees
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/12/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Election of nominees
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal - adoption of policies on internet censorship
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal - establishment of board committee on human rights
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	11/16/07	C	Y	F	F	To approve and authorize the acquisition of the lummus global business of Abb Asea Brown Boveri Ltd.
LYONDELL CHEMICAL COMPANY	LYO	552078107	11/20/07	C	Y	F	F	Approve and adopt the agreement and plan of merger
LYONDELL CHEMICAL COMPANY	LYO	552078107	11/20/07	C	Y	F	F	Adjourn the special meeting of shareholders if necessary
QUALCOMM, INCORPORATED	QCOM	747525103	03/11/08	C	Y	F	F	Election of nominees
QUALCOMM, INCORPORATED	QCOM	747525103	03/11/08	C	Y	F	F	To approve amendments to the long-term incentive plan and increase in the share reserve
QUALCOMM, INCORPORATED	QCOM	747525103	03/11/08	C	Y	F	F	Ratify the selection of auditor
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	Election of nominees
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	To approve amendments to the 2005 stock and incentive plan
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	To approve an amendment to the 2000 nonemployee director stock option plan
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	Ratify the selection of auditor
GENERAL ELECTRIC	GE	369604103	04/23/08	C	Y	F	F	Election of nominees
GENERAL ELECTRIC	GE	369604103	04/23/08	C	Y	F	F	Ratify the selection of auditor
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-cumulative voting
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-separate the roles of CEO and Chairman
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-recoup unearned management bonuses
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-curb over-extended directors
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-report on charitable contributions
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-global warming report
GENERAL ELECTRIC	GE	369604103	04/23/08	SH	Y	A	F	Shareowner proposal-advisory vote on executive compensation
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Election of nominees
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Ratify the selection of auditor
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	SH	Y	A	F	Shareholder proposal: advisory vote on executive compensation policies and disclosure
THE BOEING COMPANY	BA	097023105	04/28/08	C	Y	F	F	Election of nominees
THE BOEING COMPANY	BA	097023105	04/28/08	C	Y	F	F	Ratify the selection of auditor
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Prepare a report on foreign military sales
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Adopt health care principles
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Adopt, implement and monitor human rights policies
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require an independent lead director
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require and performance-based stock options
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require an advisor vote on named executive officer compensation
THE BOEING COMPANY	BA	097023105	04/28/08	SH	Y	A	F	Require shareholder approval of future severance arrangements
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Election of nominees
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Ratify the selection of auditor
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Amendment to the restated certificate of incorporation-right to call a special meeting of shareowners
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	SH	Y	A	F	Pay-for-superior-performance principle
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	C	Y	F	F	Election of nominees
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	C	Y	F	F	Ratify the selection of auditor
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	SH	Y	A	F	Stockholder proposal to amend by-laws to allow stockholders to call special meeting
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	SH	Y	A	F	Stockholder proposal to adopt a policy for ratification of executive compensation
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	C	Y	F	F	Election of nominees
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	C	Y	F	F	Ratify the selection of auditor
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 3 - scientific report on global warming
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 4- advisory vote on executive compensation
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 5 - independence of compensation consultants
OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 6 - pay-for-superior-performance principle

OCCIDENTAL PETROLEUM CORPORATION	OXY	674599105	05/02/08	SH	Y	A	F	Proposal 7 - special shareholder meetings
ZIMMER HOLDINGS, INC.	STJ	98956P102	05/05/08	C	Y	F	F	Election of nominees
ZIMMER HOLDINGS, INC.	STJ	98956P102	05/05/08	C	Y	F	F	Ratify the selection of auditor
ZIMMER HOLDINGS, INC.	STJ	98956P102	05/05/08	C	Y	F	F	Approval of the amended executive performance incentive plan
ZIMMER HOLDINGS, INC.	STJ	98956P102	05/05/08	C	Y	F	F	Amendment of restated certificate of incorporation to eliminate super-majority voting requirements
ITRON, INC.	ITRI	465741106	05/06/08	C	Y	F	F	Election of nominees
ITRON, INC.	ITRI	465741106	05/06/08	C	Y	F	F	Ratify the selection of auditor
THE MANITOWOC COMPANY, INC.	MTW	563571108	05/06/08	C	Y	F	F	Election of nominees
THE MANITOWOC COMPANY, INC.	MTW	563571108	05/06/08	C	Y	F	F	Ratify the selection of auditor
APACHE CORPORATION	APA	037411105	05/08/08	C	Y	F	F	Election of nominees
APACHE CORPORATION	APA	037411105	05/08/08	SH	Y	A	F	Stockholder proposal concerning reimbursement of proxy expenses
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	Election of nominees
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	Prepare the annual accounts and annual report in English and adopt the Dutch statutory annual accounts
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To discharge the sole member of the management board form liability
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To discharge the member of the supervisory board from liability
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To approve the final dividend for the year ended December 31, 2007
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To extend authority of the management board to repurchase the issued share capital
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	Ratify the selection of auditor
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To permit record dates up to 30 days prior to the date of a shareholder meeting
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To approve the amendment of the 1999 long-term incentive plan
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To authorize to issue and/or grant rights to acquire shares and to limit the preemptive rights of shareholders
CHICAGO BRIDGE & IRON COMPANY N.V.	CBI	167250109	05/08/08	C	Y	F	F	To approve the compensation of the supervisory board member who serves as the non-executive Chairman
FMC TECHNOLOGIES, INC.	FTI	30249U101	05/09/08	C	Y	F	F	Election of nominees
FMC TECHNOLOGIES, INC.	FTI	30249U101	05/09/08	C	Y	F	F	Approve the material terms of the performance goals under incentive compensation and stock plan
ST.JUDE MEDICAL, INC.	STJ	790849103	05/09/08	C	Y	F	F	Election of nominees
ST.JUDE MEDICAL, INC.	STJ	790849103	05/09/08	C	Y	F	F	To approve the proposed amendments to the 2007 stock incentive plan
ST.JUDE MEDICAL, INC.	STJ	790849103	05/09/08	C	Y	F	F	To approve the proposed amendments to the articles of incorporation
ST.JUDE MEDICAL, INC.	STJ	790849103	05/09/08	C	Y	F	F	Ratify the selection of auditor
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	Election of nominees
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	Ratify the selection of auditor
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	To authorize additional shares and provide for majority voting for directors in uncontested elections
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	Approval of the amendment an restatement of the 2003 equity incentive plan
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	Re-approval of material terms of the 2003 equity incentive plan
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	Approval of the material terms of the annual incentive plan for executive officers
ITT CORPORATION	ITT	450911102	05/13/08	C	Y	F	F	Approval of the material terms of the 1997 long-term incentive plan
ITT CORPORATION	ITT	450911102	05/13/08	SH	Y	A	F	To provide a comprehensive report omitting the proprietary and classified information
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	Election of nominees
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	To amend amended and restated by-laws and restated certificate of incorporation
CONOCOPHILLIPS	COP	20825C104	05/14/08	C	Y	F	F	Ratify the selection of auditor
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Qualifications for director nominees
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Report on recognition of indigenous rights
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Advisory vote on executive compensation
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Political contributions
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Greenhouse gas reduction
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Community accountability
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Drilling in sensitive/protected areas
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Environmental impact
CONOCOPHILLIPS	COP	20825C104	05/14/08	SH	Y	A	F	Global warming
NATIONAL OILWELL VARCO, INC.	NOV	637071101	05/14/08	C	Y	F	F	Election of nominees
NATIONAL OILWELL VARCO, INC.	NOV	637071101	05/14/08	C	Y	F	F	Ratify the selection of auditor
NATIONAL OILWELL VARCO, INC.	NOV	637071101	05/14/08	C	Y	F	F	Approval of the annual incentive plan
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Election of nominees
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to change the company’s name
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	To adopt an amendment to replace the enumerated purposes clause with a general purposes clause
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	SH	Y	A	F	To consider and vote upon a stockholder proposal, if presented at the meeting
CITIZENS COMMUNICATIONS COMPANY	CZN	17453B101	05/15/08	C	Y	F	F	Ratify the selection of auditor
QUEST DIAGNOSTICS INCORPORATED	DGX	74834L100	05/16/08	C	Y	F	F	Election of nominees
QUEST DIAGNOSTICS INCORPORATED	DGX	74834L100	05/16/08	C	Y	F	F	Ratify the selection of auditor

ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	C	Y	F	F	Election of nominees
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	C	Y	F	F	Ratify the selection of auditor
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	SH	Y	A	F	Shareholder proposal regarding climate change
ULTRA PETROLEUM CORP.	UPL	903914109	05/16/08	C	Y	F	F	To transact such other business as may properly be brought
XTO ENERGY INC.	XTO	98385X106	05/20/08	C	Y	F	F	Election of nominees
XTO ENERGY INC.	XTO	98385X106	05/20/08	C	Y	F	F	Approval of amended and restated 2004 stock incentive plan
XTO ENERGY INC.	XTO	98385X106	05/20/08	C	Y	F	F	Ratify the selection of auditor
XTO ENERGY INC.	XTO	98385X106	05/20/08	SH	Y	A	F	Stockholder proposal to declassify the board of directors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To receive and adopt the directors’ report and the financial statements
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To approve the remuneration report
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Election of nominees
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Re-appointment of auditors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Remuneration of auditors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To authorize the company to make donations EU political organizations
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Authority to allot shares
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Disapplication of pre-emption rights
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Authority for the company to purchase its own shares
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Adopt new articles of association
INTEL CORPORATION	INTC	458140100	05/21/08	C	Y	F	F	Election of nominees
INTEL CORPORATION	INTC	458140100	05/21/08	C	Y	F	F	Ratify the selection of auditor
INTEL CORPORATION	INTC	458140100	05/21/08	SH	Y	A	F	Stockholder proposal to amend the bylaws to establish a board committee on sustainability
WELLPOINT, INC.	WLP	94973V107	05/21/08	C	Y	F	F	Election of nominees
WELLPOINT, INC.	WLP	94973V107	05/21/08	C	Y	F	F	Ratify the selection of auditor
WELLPOINT, INC.	WLP	94973V107	05/21/08	SH	Y	A	F	Stockholder proposal concerning an advisory resolution on compensation of named executive officers
DRYSHIPS INC.	DRYS	Y2109Q101	05/28/08	C	Y	F	F	Election of nominees
DRYSHIPS INC.	DRYS	Y2109Q101	05/28/08	C	Y	F	F	Ratify the selection of auditor
HORNBECK OFFSHORE SERVICES, INC.	HOS	440543106	05/28/08	C	Y	F	F	Election of nominees
HORNBECK OFFSHORE SERVICES, INC.	HOS	440543106	05/28/08	C	Y	F	F	Ratify the selection of auditor
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Election of nominees
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Board declassification proposal
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Approval of stock incentive plan
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Ratify the selection of auditor
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Other business
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Election of nominees
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Approval of the material terms for payment of executive incentive compensation
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Approval of the amendment to the 1993 employee stock purchase plan
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Ratify the selection of auditor
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	SH	Y	A	F	Shareholder proposal concerning advisory vote on executive compensation
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	SH	Y	A	F	Shareholder proposal concerning performance vesting shares
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	C	Y	F	F	Election of nominees
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	C	Y	F	F	To approve an amendment to the long term incentive plan
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	C	Y	F	F	Ratify the selection of auditor
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	SH	Y	A	F	To consider a shareholder proposal
AMERICA SERVICE GROUP INC.	ASGR	02364L109	06/11/08	C	Y	F	F	Election of nominees
AMERICA SERVICE GROUP INC.	ASGR	02364L109	06/11/08	C	Y	F	F	Ratify the selection of auditor
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/24/08	C	Y	F	F	Election of nominees
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/24/08	C	Y	F	F	Ratify the selection of auditor

PACIFIC ADVISORS FUND INC. PROXY VOTING RECORD

RECEIVED JULY 1, 2007 - JUNE 30, 2008

MULTI-CAP VALUE FUND

				PROPOSED BY	DID	DID PAF VOTE	VOTE FOR (“F”)
			MEETING	CO (“C”) OR	PAF VOTE	FOR (“F”) OR	OR AGAINST
COMPANY NAME	TICKER	CUSIP	DATE	INVESTOR (“SH”)	Y OR N	AGAINST (“A”)	(“A”) MGT?	DESCRIPTION OF MATTER
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/12/07	C	Y	F	F	Election of nominees
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/12/07	C	Y	F	F	Ratify the selection of auditor
ARCHER-DANIELS-MIDLAND COMPANY	ADM	039483102	11/08/07	C	Y	F	F	Election of nominees
ARCHER-DANIELS-MIDLAND COMPANY	ADM	039483102	11/08/07	SH	Y	A	F	Adopt stockholder’s proposal regarding global human rights standards
ARCHER-DANIELS-MIDLAND COMPANY	ADM	039483102	11/08/07	SH	Y	A	F	Adopt stockholder’s proposal to ratify compensation listed in summary compensation table
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Election of nominees
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	C	Y	F	F	Ratify the selection of auditor
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal-adoption of policies on internet censorship
MICROSOFT CORPORATION	MSFT	594918104	11/13/07	SH	Y	A	F	Shareholder proposal-establishment of board committee on human rights
SALLY BEAUTY HOLDINGS. INC	SBH	79546E104	01/24/08	C	Y	F	F	Election of nominees
SALLY BEAUTY HOLDINGS. INC	SBH	79546E104	01/24/08	C	Y	F	F	Ratify the selection of auditor
H. B. FULLER COMPANY	FUL	359694106	04/03/08	C	Y	F	F	Election of nominees
H. B. FULLER COMPANY	FUL	359694106	04/03/08	C	Y	F	F	Ratify the selection of auditor
H. B. FULLER COMPANY	FUL	359694106	04/03/08	C	Y	F	F	To approve the amended and restated annual and long-term incentive plan
THE GOLDMAN SACHS GROUP, INC.	GS	38141G104	04/10/08	C	Y	F	F	Election of nominees
THE GOLDMAN SACHS GROUP, INC.	GS	38141G104	04/10/08	C	Y	F	F	Ratify the selection of auditor
THE GOLDMAN SACHS GROUP, INC.	GS	38141G104	04/10/08	SH	Y	A	F	Shareholder proposal regarding stock options
THE GOLDMAN SACHS GROUP, INC.	GS	38141G104	04/10/08	SH	Y	A	F	Shareholder proposal regarding an advisory vote on executive compensation
THE GOLDMAN SACHS GROUP, INC.	GS	38141G104	04/10/08	SH	Y	A	F	Shareholder proposal requesting a sustainability report
WASHINGTON MUTUAL, INC.	WM	939322103	04/15/08	C	Y	F	F	Election of nominees
WASHINGTON MUTUAL, INC.	WM	939322103	04/15/08	C	Y	F	F	Ratify the selection of auditor
WASHINGTON MUTUAL, INC.	WM	939322103	04/15/08	C	Y	F	F	To approve an amendment to the amended and restated 2002 employee stock purchase plan
WASHINGTON MUTUAL, INC.	WM	939322103	04/15/08	C	Y	F	F	Shareholder proposal regarding an independent board chair
WASHINGTON MUTUAL, INC.	WM	939322103	04/15/08	C	Y	F	F	Shareholder proposal regarding the director election process
CITIGROUP INC.	C	172967101	04/22/08	C	Y	F	F	Election of nominees
CITIGROUP INC.	C	172967101	04/22/08	C	Y	F	F	Ratify the selection of auditor
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting a report on prior governmental service of certain individuals
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting a report on political contributions
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting that executive compensation be limited
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting that two candidates be nominated for each board position
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting a report on the Equator Principles
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting the adoption of certain employment principles for executive officers
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting the amendment of the GHG emissions policies
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting a report on how investment policies address human rights issues
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting an independent board chairman
CITIGROUP INC.	C	172967101	04/22/08	SH	Y	A	F	Stockholder proposal requesting an advisory vote to ratify executive compensation
ARCH COAL, INC	ACI	039380100	04/24/08	C	Y	F	F	Election of nominees
ARCH COAL, INC	ACI	039380100	04/24/08	C	Y	F	F	Ratify the selection of auditor
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Election of nominees
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	C	Y	F	F	Ratify the selection of auditor
JOHNSON & JOHNSON	JNJ	478160104	04/24/08	SH	Y	A	F	Shareholder proposal: advisory vote on executive compensation policies and disclosure
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Election of nominees
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	Ratify the selection of auditor
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	C	Y	F	F	To amend the restated certificate of incorporation-right to call a special shareowner meeting
HONEYWELL INTERNATIONAL INC.	HON	438516106	04/28/08	SH	Y	A	F	Proposal regarding pay-for-superior-performance principle
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	C	Y	F	F	Election of nominees
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	C	Y	F	F	Ratify the selection of auditor
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	SH	Y	A	F	Stockholder proposal to amend by-laws to allow stockholders to call special meetings
MARATHON OIL CORPORATION	MRO	565849106	04/30/08	SH	Y	A	F	Stockholder proposal to adopt a policy for ratification of executive compensation
KANSAS CITY SOUTHERN	KSU	485170302	05/01/08	C	Y	F	F	Election of nominees
KANSAS CITY SOUTHERN	KSU	485170302	05/01/08	C	Y	F	F	Ratify the selection of auditor
KANSAS CITY SOUTHERN	KSU	485170302	05/01/08	C	Y	F	F	Reapprove the amended and restated 1991stock option and performance award plan
LUFKIN INDUSTRIES, INC.	LUFK	549764108	05/07/08	C	Y	F	F	Election of nominees

APACHE CORPORATION	APA	037411105	05/08/08	C	Y	F	F	Election of nominees
APACHE CORPORATION	APA	037411105	05/08/08	SH	Y	A	F	Stockholder proposal concerning reimbursement of proxy expenses
3M COMPANY	MMM	88579Y101	05/13/08	C	Y	F	F	Election of nominees
3M COMPANY	MMM	88579Y101	05/13/08	C	Y	F	F	Ratify the selection of auditor
3M COMPANY	MMM	88579Y101	05/13/08	C	Y	F	F	To approve the long-term incentive plan
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	C	Y	F	F	Election of nominees
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	SH	Y	A	F	Shareholder proposal relating to the human right to water
AMERICAN INTERNATIONAL GROUP, INC.	AIG	026874107	05/14/08	SH	Y	A	F	Shareholder proposal relating to the reporting of political contributions
K-SWISS INC.	KSWS	482686102	05/20/08	C	Y	F	F	Election of nominees
K-SWISS INC.	KSWS	482686102	05/20/08	C	Y	F	F	Ratify the selection of auditor
K-SWISS INC.	KSWS	482686102	05/20/08	C	Y	F	F	Approval of stock option re-pricing
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To receive and adopt the directors’ report and the financial statements
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To approve the remuneration report
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Election of nominees
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Re-appointment of auditors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Remuneration of auditors
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	To authorize the company to make political contributions to EU political organizations
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Authority to allot shares
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Disapplication of pre-emption rights
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Authority for the company to purchase its own shares
GLAXOSMITHKLINE PLC	GSK	37733W105	05/21/08	C	Y	F	F	Adopt new articles of association
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	Election of nominees
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	Ratify the selection of auditor
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	To approve the material terms of officer performance goals under the management incentive plan
THE HOME DEPOT, INC.	HD	437076102	05/22/08	C	Y	F	F	To approve an amendment to the company’s employee stock purchase plan
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding political nonpartisanship
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding special shareholder meetings
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding employment diversity report disclosure
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding executive officer compensation
THE HOME DEPOT, INC.	HD	437076102	05/22/08	SH	Y	A	F	Shareholder proposal regarding pay-of-superior performance
THE WESTERN UNION COMPANY	WU	959802109	05/23/08	C	Y	F	F	Election of nominees
THE WESTERN UNION COMPANY	WU	959802109	05/23/08	C	Y	F	F	Ratify the selection of auditor
ION GEOPHYSICAL CORPORATION	IO	462044108	05/27/08	C	Y	F	F	Election of nominees
ION GEOPHYSICAL CORPORATION	IO	462044108	05/27/08	C	Y	F	F	To approve certain amendments to the 2004 long-term incentive plan
ION GEOPHYSICAL CORPORATION	IO	462044108	05/27/08	C	Y	F	F	Ratify the selection of auditor
CHEVRON CORPORATION	CVX	166764100	05/28/08	C	Y	F	F	Election of nominees
CHEVRON CORPORATION	CVX	166764100	05/28/08	C	Y	F	F	Ratify the selection of auditor
CHEVRON CORPORATION	CVX	166764100	05/28/08	C	Y	F	F	To amend the restated certificate of incorporation
CHEVRON CORPORATION	CVX	166764100	05/28/08	SH	Y	A	F	Stockholder proposal to adopt policy to separate the CEO/Chairman positions
CHEVRON CORPORATION	CVX	166764100	05/28/08	SH	Y	A	F	Stockholder proposal to adopt policy and report on human rights
CHEVRON CORPORATION	CVX	166764100	05/28/08	SH	Y	A	F	Stockholder proposal to report on environmental impact of Canadian oil sands operations
CHEVRON CORPORATION	CVX	166764100	05/28/08	SH	Y	A	F	Stockholder proposal to adopt goals and report on greenhouse gas emissions
CHEVRON CORPORATION	CVX	166764100	05/28/08	SH	Y	A	F	Stockholder proposal to review and reports on guidelines for country selection
CHEVRON CORPORATION	CVX	166764100	05/28/08	SH	Y	A	F	Stockholder proposal to report on host country laws
DRYSHIPS INC.	DRYS	Y2109Q101	05/28/08	C	Y	F	F	Election of nominees
DRYSHIPS INC.	DRYS	Y2109Q101	05/28/08	C	Y	F	F	Ratify the selection of auditor
GENESEE & WYOMING INC.	GWR	371559105	05/28/08	C	Y	F	F	Election of nominees
GENESEE & WYOMING INC.	GWR	371559105	05/28/08	C	Y	F	F	Ratify the selection of auditor
SAIC, INC.	SAI	78390X101	05/30/08	C	Y	F	F	Election of nominees
SAIC, INC.	SAI	78390X101	05/30/08	C	Y	F	F	Approval of an amendment to the 2006 equity incentive plan
SAIC, INC.	SAI	78390X101	05/30/08	C	Y	F	F	Ratify the selection of auditor
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Election of nominees
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Approval of the material terms for payment of executive incentive compensation
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Approval of the amendment to the 1993 employee stock purchase plan
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	C	Y	F	F	Ratify the selection of auditor
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	SH	Y	A	F	Shareholder proposal concerning advisory vote on executive compensation
UNITEDHEALTH GROUP INCORPORATED	UNH	91324P102	06/05/08	SH	Y	A	F	Shareholder proposal concerning performance vesting shares

CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	C	Y	F	F	Election of nominees
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	C	Y	F	F	To approve an amendment to the long term incentive plan
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	C	Y	F	F	Ratify the selection of auditor
CHESAPEAKE ENERGY CORPORATION	CHK	165167107	06/06/08	SH	Y	A	F	To consider a shareholder proposal
WAL-MART STORES, INC.	WMT	931142103	06/06/08	C	Y	F	F	Election of nominees
WAL-MART STORES, INC.	WMT	931142103	06/06/08	C	Y	F	F	Approval of management incentive plan
WAL-MART STORES, INC.	WMT	931142103	06/06/08	C	Y	F	F	Ratify the selection of auditor
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Amend equal employment opportunity policy
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Pay-for-superior-performance
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Recoupment of senior executive compensation policy
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Establish human rights committee
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Advisory vote on executive compensation
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Political contributions report
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Social and reputation impact report
WAL-MART STORES, INC.	WMT	931142103	06/06/08	SH	Y	A	F	Special shareholder’s meetings
WASHINGTON MUTUAL, INC.	WM	939322103	06/24/08	C	Y	F	F	To approve an amendment to increase common stock and capital stock
WASHINGTON MUTUAL, INC.	WM	939322103	06/24/08	C	Y	F	F	To approve the conversion of the preferred stock into common stock
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/24/08	C	Y	F	F	Election of nominees
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/24/08	C	Y	F	F	Ratify the selection of auditor

PACIFIC ADVISORS FUND INC. PROXY VOTING RECORD

RECEIVED JULY 1, 2007 - JUNE 30, 2008

SMALL CAP FUND

				PROPOSED BY	DID	DID PAF VOTE	VOTE FOR (“F”)
			MEETING	CO (“C”) OR	PAF VOTE	FOR (“F”) OR	OR AGAINST
COMPANY NAME	TICKER	CUSIP	DATE	INVESTOR (“SH”)	Y OR N	AGAINST (“A”)	(“A”) MGT?	DESCRIPTION OF MATTER
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/12/07	C	Y	F	F	Election of nominees
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/12/07	C	Y	F	F	Ratify the selection of auditor
INTERVOICE, INC.	INTV	461142101	07/23/07	C	Y	F	F	Election of nominees
INTERVOICE, INC.	INTV	461142101	07/23/07	C	Y	F	F	Proposal to approve the 2007 stock incentive plan
ASHWORTH, INC.	ASHW	04516H101	08/30/07	C	Y	F	F	Election of nominees
ASHWORTH, INC.	ASHW	04516H101	08/30/07	C	Y	F	F	Ratify the selection of auditor
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	08/30/07	C	Y	F	F	Election of nominees
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	08/30/07	C	Y	F	F	To approve the share purchase agreement
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	08/30/07	C	Y	F	F	Approval of 2007 stock option plan
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	08/30/07	C	Y	F	F	Ratify the selection of auditor
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	08/30/07	C	Y	F	F	Adjournment
TEAM, INC.	TISI	878155100	09/27/07	C	Y	F	F	Election of nominees
TEAM, INC.	TISI	878155100	09/27/07	C	Y	F	F	Approval of an increase of the number of shares authorized
TEAM, INC.	TISI	878155100	09/27/07	C	Y	F	F	Approval of executive incentive compensation plan
MATRIX SERVICE COMPANY	MTRX	576853105	10/22/07	C	Y	F	F	Election of nominees
MATRIX SERVICE COMPANY	MTRX	576853105	10/22/07	C	Y	F	F	Ratify the selection of auditor
CRAFTMADE INTERNATIONAL, INC.	CRFT	22413E104	11/27/07	C	Y	F	F	Election of nominees
CRAFTMADE INTERNATIONAL, INC.	CRFT	22413E104	11/27/07	C	Y	F	F	Ratify the selection of auditor
ADAPTEC, INC.	ADPT	00651F108	12/13/07	C	Y	F	F	Election of nominees
ADAPTEC, INC.	ADPT	00651F108	12/13/07	C	Y	F	F	Ratify the selection of auditor
COMMERCIAL METALS COMPANY	CMC	201723103	01/24/08	C	Y	F	F	Election of nominees
COMMERCIAL METALS COMPANY	CMC	201723103	01/24/08	C	Y	F	F	Ratify the selection of auditor
COMMERCIAL METALS COMPANY	CMC	201723103	01/24/08	SH	Y	A	F	Shareholder proposal requesting the addition of sexual orientation to the non-discrimination policy
TETRA TECH, INC.	TTEK	88162G103	02/28/08	C	Y	F	F	Election of nominees
TETRA TECH, INC.	TTEK	88162G103	02/28/08	C	Y	F	F	Ratify the selection of auditor
CHATTEM, INC.	CHTT	162456107	04/09/08	C	Y	F	F	Election of nominees
CHATTEM, INC.	CHTT	162456107	04/09/08	C	Y	F	F	Approval of the annual cash incentive plan
CHATTEM, INC.	CHTT	162456107	04/09/08	C	Y	F	F	Ratify the selection of auditor
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	Election of nominees
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	To approve amendments to the 2005 stock and incentive plan
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	To approve an amendment to the 2000 nonemployee director stock option plan
KIRBY CORPORATION	KEX	497266106	04/22/08	C	Y	F	F	Ratify the selection of auditor
VITRAN CORPORATION INC.	VTNC	92850E107	04/23/08	C	Y	F	F	Election of nominees
VITRAN CORPORATION INC.	VTNC	92850E107	04/23/08	C	Y	F	F	Ratify the selection of auditor and authorize the directors to fix the auditor’s remuneration
VITRAN CORPORATION INC.	VTNC	92850E107	04/23/08	C	Y	F	F	To approve amendments to the corporation’s stock option plan
VITRAN CORPORATION INC.	VTNC	92850E107	04/23/08	C	Y	F	F	To confirm the resolution authorizing the amendment of by-law No. 6
PARKER DRILLING COMPANY	PKD	701081101	04/24/08	C	Y	F	F	Election of nominees
PARKER DRILLING COMPANY	PKD	701081101	04/24/08	C	Y	F	F	To amend the 2005 long-term incentive plan
PARKER DRILLING COMPANY	PKD	701081101	04/24/08	C	Y	F	F	Ratify the selection of auditor
SAIA, INC	SAIA	78709Y105	04/24/08	C	Y	F	F	Election of nominees
SAIA, INC	SAIA	78709Y105	04/24/08	C	Y	F	F	Ratify the selection of auditor
DARLING INTERNATIONAL INC.	DAR	237266101	05/06/08	C	Y	F	F	Election of nominees
TERRA INDUSTRIES INC.	TRA	880915103	05/06/08	C	Y	F	F	Election of nominees
TERRA INDUSTRIES INC.	TRA	880915103	05/06/08	C	Y	F	F	Ratify the selection of auditor
FURMANITE CORPORATION	FRM	361086101	05/12/08	C	Y	F	F	Election of nominees
FROZEN FOOD EXPRESS INDUSTRIES, INC.	FFEX	359360104	05/14/08	C	Y	F	F	Election of nominees
FROZEN FOOD EXPRESS INDUSTRIES, INC.	FFEX	359360104	05/14/08	C	Y	F	F	To approve the amended and restated 2005 stock plan
AMERIGON INCORPORATED	ARGN	03070L300	05/15/08	C	Y	F	F	Election of nominees
TOREADOR RESOURCES CORPORATION	TRGL	891050106	05/15/08	C	Y	F	F	Election of nominees
TOREADOR RESOURCES CORPORATION	TRGL	891050106	05/15/08	C	Y	F	F	To approve the amendment to the 2005 long-term incentive plan
TOREADOR RESOURCES CORPORATION	TRGL	891050106	05/15/08	C	Y	F	F	Ratify the selection of auditor
TYLER TECHNOLOGIES, INC.	TYL	902252105	05/15/08	C	Y	F	F	Election of nominees
TYLER TECHNOLOGIES, INC.	TYL	902252105	05/15/08	C	Y	F	F	Amendment to the stock option plan

TYLER TECHNOLOGIES, INC.	TYL	902252105	05/15/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN ECOLOGY CORPORATION	ECOL	025533407	05/22/08	C	Y	F	F	Election of nominees
AMERICAN ECOLOGY CORPORATION	ECOL	025533407	05/22/08	C	Y	F	F	Ratify the selection of auditor
AMERICAN ECOLOGY CORPORATION	ECOL	025533407	05/22/08	C	Y	F	F	To approve the 2008 stock option incentive plan
HORNBECK OFFSHORE SERVICES, INC.	HOS	440543106	05/28/08	C	Y	F	F	Election of nominees
HORNBECK OFFSHORE SERVICES, INC.	HOS	440543106	05/28/08	C	Y	F	F	Ratify the selection of auditor
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Election of nominees
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Board declassification proposal
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Approval of stock incentive plan
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Ratify the selection of auditor
EAST WEST BANCORP, INC.	EWBC	27579R104	05/29/08	C	Y	F	F	Other business
NARA BANCORP, INC.	NARA	63080P105	05/29/08	C	Y	F	F	Election of nominees
NARA BANCORP, INC.	NARA	63080P105	05/29/08	C	Y	F	F	Ratify the selection of auditor
CONN’S INC.	CONN	208242107	06/03/08	C	Y	F	F	Election of nominees
CONN’S INC.	CONN	208242107	06/03/08	C	Y	F	F	Ratify the selection of auditor
CONN’S INC.	CONN	208242107	06/03/08	C	Y	F	F	Such other business as may properly come before the meeting
AMERICA SERVICE GROUP INC.	ASGR	02364L109	06/11/08	C	Y	F	F	Election of nominees
AMERICA SERVICE GROUP INC.	ASGR	02364L109	06/11/08	C	Y	F	F	Ratify the selection of auditor
PREMIERE GLOBAL SERVICES, INC.	PGI	740585104	06/11/08	C	Y	F	F	Election of nominees
PREMIERE GLOBAL SERVICES, INC.	PGI	740585104	06/11/08	C	Y	F	F	To approve the amended and restated the 2004 long-term incentive plan
PREMIERE GLOBAL SERVICES, INC.	PGI	740585104	06/11/08	C	Y	F	F	To approve the amended and restated the 2000 directors stock plan
FIRST CASH FINANCIAL SERVICES, INC.	FCFS	31942D107	06/19/08	C	Y	F	F	Election of nominees
FIRST CASH FINANCIAL SERVICES, INC.	FCFS	31942D107	06/19/08	C	Y	F	F	Ratify the selection of auditor
INFINITY ENERGY RESOURCES, INC.	IFNY	45663L403	06/18/08	C	Y	F	F	Election of nominees
INFINITY ENERGY RESOURCES, INC.	IFNY	45663L403	06/18/08	C	Y	F	F	Ratify the selection of auditor
QUEST RESOURCE CORPORATION	QRCP	748349305	06/19/08	C	Y	F	F	Election of nominees
QUEST RESOURCE CORPORATION	QRCP	748349305	06/19/08	C	Y	F	F	To amend the company’s omnibus stock award plan
QUEST RESOURCE CORPORATION	QRCP	748349305	06/19/08	C	Y	F	F	To amend and restate the management annual incentive plan
APOGEE ENTERPRISES, INC	APOG	037598109	06/25/08	C	Y	F	F	Election of nominees
APOGEE ENTERPRISES, INC	APOG	037598109	06/25/08	C	Y	F	F	Ratify the selection of auditor
MOBILE MINI, INC.	MINI	60740F105	06/25/08	C	Y	F	F	Election of nominees
MOBILE MINI, INC.	MINI	60740F105	06/25/08	C	Y	F	F	Ratify the selection of auditor
MOBILE MINI, INC.	MINI	60740F105	06/25/08	C	Y	F	F	Approval of an amendment to the company’s equity incentive plan
MOBILE MINI, INC.	MINI	60740F105	06/25/08	C	Y	F	F	Approval of the senior executive incentive plan
MOBILE MINI, INC.	MINI	60740F105	06/26/08	C	Y	F	F	Approval of the merger agreement and the merger
MOBILE MINI, INC.	MINI	60740F105	06/26/08	C	Y	F	F	To authorize additional shares of preferred stock
MOBILE MINI, INC.	MINI	60740F105	06/26/08	C	Y	F	F	To authorize designation of a convertible redeemable participating preferred stock
MOBILE MINI, INC.	MINI	60740F105	06/26/08	C	Y	F	F	Approval of issuance of series convertible redeemable participation preferred stock
MOBILE MINI, INC.	MINI	60740F105	06/26/08	C	Y	F	F	Approval of adjournments or postponements of the special meeting
MOBILE MINI, INC.	MINI	60740F105	06/26/08	C	Y	F	F	Approval of amendment to determine terms of preferred stock
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	07/17/08	C	Y	F	F	Election of nominees
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	07/17/08	C	Y	F	F	To approve the share purchase agreement
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	07/17/08	C	Y	F	F	Approval of 2007 stock option plan
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	07/17/08	C	Y	F	F	Ratify the selection of auditor
NOBLE INTERNATIONAL, LTD.	NOBL	655053106	07/17/08	C	Y	F	F	Adjournment
INTERVOICE, INC.	INTV	461142101	07/23/07	C	Y	F	F	Election of nominees
INTERVOICE, INC.	INTV	461142101	07/23/07	C	Y	F	F	Ratify the selection of auditor
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/24/08	C	Y	F	F	Election of nominees
MITCHAM INDUSTRIES, INC.	MIND	606501104	07/24/08	C	Y	F	F	Ratify the selection of auditor

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.

Pacific Global Fund Inc. d/b/a Pacific Advisors Fund Inc.

By:	/s/ George A. Henning
	George A. Henning
	Chairman, Pacific Advisors Fund Inc.
Date:	August 18, 2008