UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM N-PX

          ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

Investment Company Act file number      811-7582
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                                THE VALIANT FUND
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               (Exact name of registrant as specified in charter)

   221 PENSACOLA  ROAD           VENICE,            FLORIDA                34285
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(Address of principal executive offices)                              (Zip code)

Denis R. Curcio   221 PENSACOLA  ROAD           VENICE,    FLORIDA         34285
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                     (Name and address of agent for service)

Registrant's telephone number, including area code: 1-800-242-9340

Date of fiscal year end: AUGUST 31, 2006
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Date of reporting period: JUNE 30, 2006



Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.







ITEM 1. PROXY VOTING RECORD.

The Valiant Fund is a registered money market fund and, as such, does not have
its own proxy voting record. Therefore, there is no attachment to this filing.







                                   SIGNATURES


Signature page for the filing of the annual report of the proxy voting record of
registered management investment company (Form N-PX).

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) THE VALIANT FUND


By:      /S/ RICHARD F. CURCIO
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Name:    Richard F. Curcio
Title:   Chairman of the Board and President
Date:    August 9 2006


By:      /S/ DENIS R. CURCIO
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Name:    Denis R. Curcio
Title:   Vice President, Secretary and Treasurer
Date:    August 9, 2006