N-PX 1 caf4.htm PUTNAM CAPITAL APPRECIATION FUND
FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY 
Investment Company Act file number: 811-7061

Putnam Capital Appreciation Fund
-------------------------------------------------------------------------
  (Exact name of registrant as specified in charter)

One Post Office Square, Boston, Massachusetts 02109
-------------------------------------------------------------------------
  (Address of principal executive offices)

Beth S. Mazor, Vice President

Putnam Capital Appreciation Fund

One Post Office Square

Boston, Massachusetts 02109



Copy to:

John W. Gerstmayr, Esq.

Ropes & Gray LLP

One International Place

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


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

Date of Fiscal year-end: 5/31

Date of reporting period: 7/1/2004 - 6/30/2005
Item 1. Proxy Voting Record

Account Number: Putnam Capital Appreciation Fund

ISSUER NAME TICKER CUSIP MTG DATE MTG TYPE
        Proposal Type Voted Vote For/Agnst Mgmt
Accredited Home Lenders Holding Co LEND  00437P107  5/26/05  Annual 
1.01   Elect Ray W. McKewon MGMT YES FOR FOR
1.02   Elect James H. Berglund MGMT YES FOR FOR
1.03   Elect Joseph J. Lydon MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Acxiom Corp ACXM  005125109  8/4/04  Annual 
1.01   Elect Mary L. Good MGMT YES WHOLD AGNST
1.02   Elect Rodger S. Kline MGMT YES WHOLD AGNST
1.03   Elect Stephen M. Patterson MGMT YES WHOLD AGNST
1.04   Elect James T. Womble MGMT YES WHOLD AGNST
2.00   Add Shares to Stock Option Plan MGMT YES AGNST AGNST
 
Administaff Inc ASF  007094105  5/5/05  Annual 
1.01   Elect Michael W. Brown MGMT YES WHOLD AGNST
1.02   Elect Eli Jones MGMT YES FOR FOR
1.03   Elect Gregory E. Petsch MGMT YES FOR FOR
2.00   Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST
    Amend Stock Incentive Plan
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Affiliated Managers Group AMG  008252108  6/1/05  Annual 
1.01   Elect Richard E. Floor MGMT YES WHOLD AGNST
1.02   Elect Sean M. Healey MGMT YES WHOLD AGNST
1.03   Elect Harold J. Meyerman MGMT YES WHOLD AGNST
1.04   Elect William J. Nutt MGMT YES WHOLD AGNST
1.05   Elect Robert C. Puff Jr MGMT YES WHOLD AGNST
1.06   Elect Rita M. Rodriguez MGMT YES WHOLD AGNST
2.00   Amend annual bonus plan MGMT YES AGNST AGNST
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Albany International Corp AIN  012348108  5/12/05  Annual 
1.01   Elect Frank R. Schmeler MGMT YES WHOLD AGNST
1.02   Elect Thomas R. Beecher Jr. MGMT YES WHOLD AGNST
1.03   Elect Francis L. McKone MGMT YES WHOLD AGNST
1.04   Elect Joseph G. Morone MGMT YES WHOLD AGNST
1.05   Elect Christine L. Standish MGMT YES WHOLD AGNST
1.06   Elect Erland E. Kailbourne MGMT YES WHOLD AGNST
1.07   Elect John Standish MGMT YES WHOLD AGNST
1.08   Elect Juhani Pakkala MGMT YES WHOLD AGNST
1.09   Elect Paula H. Cholmondeley MGMT YES WHOLD AGNST
2.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
 
Alliant Energy Corp LNT  018802108  5/19/05  Annual 
1.01   Elect William D. Harvey MGMT YES FOR FOR
1.02   Elect Singleton B. McAllister MGMT YES FOR FOR
1.03   Elect Anthony R. Weiler MGMT YES FOR FOR
 
Altria Group Inc MO  02209S103  4/28/05  Annual 
1.01   Elect Elizabeth E. Bailey MGMT YES FOR FOR
1.02   Elect Harold Brown MGMT YES FOR FOR
1.03   Elect Mathis Cabiallavetta MGMT YES FOR FOR
1.04   Elect Loius C. Camilleri MGMT YES FOR FOR
1.05   Elect Dudley Fishburn MGMT YES FOR FOR
1.06   Elect Robert E.R. Huntley MGMT YES FOR FOR
1.07   Elect Thomas W. Jones MGMT YES FOR FOR
1.08   Elect George Munoz MGMT YES FOR FOR
1.09   Elect Lucio A. Noto MGMT YES FOR FOR
1.10   Elect John S. Reed MGMT YES FOR FOR
1.11   Elect Carlos Slim Helu MGMT YES FOR FOR
1.12   Elect Stephen M. Wolf MGMT YES FOR FOR
2.00   Adopt the 2005 Performance Incentive Plan MGMT YES FOR FOR
3.00   Adopt the 2005 Stock Compensation Plan for Non-Employee Directors MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
5.00   Review or promote animal welfare SHLDR YES AGNST FOR
6.00   Review or reduce tobacco harm to health SHLDR YES AGNST FOR
7.00   Review or reduce tobacco harm to health SHLDR YES AGNST FOR
8.00   Review or reduce tobacco harm to health SHLDR YES AGNST FOR
 
Amerada Hess Corp AHC  023551104  5/4/05  Annual 
1.01   Elect Edith E. Holiday MGMT YES FOR FOR
1.02   Elect John J. O'Connor MGMT YES FOR FOR
1.03   Elect F. Borden Walker MGMT YES FOR FOR
1.04   Elect Robert N. Wilson MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
American Axle & Manufacturing Holdings AXL  024061103  4/28/05  Annual 
1.01   Elect Elizabeth A. Chappell MGMT YES FOR FOR
1.02   Elect Richard E. Dauch MGMT YES FOR FOR
1.03   Elect William P. Miller II MGMT YES FOR FOR
1.04   Elect Larry K. Switzer MGMT YES FOR FOR
 
American Capital Strategies Ltd ACAS  024937104  6/20/05  Annual 
1.01   Elect Neil M. Hahl MGMT YES FOR FOR
1.02   Elect Stan Lundine MGMT YES FOR FOR
2.00   Adopt the 2005 Employee Stock Option Plan MGMT YES AGNST AGNST
3.00   Approve non-technical charter amendments MGMT YES AGNST AGNST
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
American Medical Systems Holdings AMMD  02744M108  3/4/05  Special 
1.00   Increase authorized common stock MGMT YES FOR FOR
2.00   Approve other business MGMT YES AGNST AGNST
 
American Medical Systems Holdings AMMD  02744M108  5/5/05  Annual 
1.01   Elect Martin J. Emerson MGMT YES FOR FOR
1.02   Elect Richard B. Emmitt MGMT YES FOR FOR
1.03   Elect Christopher H. Porter MGMT YES FOR FOR
2.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Add shares to employee stock purchase plan MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Amgen Inc AMGN  031162100  5/11/05  Annual 
1.01   Elect David Baltimore MGMT YES FOR FOR
1.02   Elect Judith C. Pelham MGMT YES FOR FOR
1.03   Elect Kevin W. Sharer MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.01   Review or promote animal welfare SHLDR YES AGNST FOR
3.02   Link executive pay to social criteria SHLDR YES AGNST FOR
3.03   SP - Require option shares to be held SHLDR YES AGNST FOR
 
Aspect Communications Corp ASPT  04523Q102  5/19/05  Annual 
1.01   Elect Barry M. Ariko MGMT YES WHOLD AGNST
1.02   Elect Gary E. Barnett MGMT YES WHOLD AGNST
1.03   Elect Thomas Weatherford MGMT YES WHOLD AGNST
1.04   Elect David B. Wright MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Atmos Energy Corp ATO  049560105  2/9/05  Annual 
1.01   Elect Travis W. Bain II MGMT YES WHOLD AGNST
1.02   Elect Dan Busbee MGMT YES WHOLD AGNST
1.03   Elect Richard K. Gordon MGMT YES WHOLD AGNST
1.04   Elect Gene C. Koonce MGMT YES WHOLD AGNST
1.05   Elect Nancy K. Quinn MGMT YES WHOLD AGNST
2.00   Increase authorized common stock MGMT YES AGNST AGNST
 
Autoliv Inc ALV  052800109  4/26/05  Annual 
1.01   Elect Sune Carlsson MGMT YES FOR FOR
1.02   Elect S. Jay Stewart MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Belden Inc BWC  077459105  7/15/04  Annual 
1.00   Approve Merger/Acquisition MGMT YES FOR FOR
2.01   Elect Lorne D. Bain MGMT YES FOR FOR
2.02   Elect Bernard G. Rethore MGMT YES FOR FOR
2.03   Elect Arnold W. Donald MGMT YES FOR FOR
3.00   Adjourn Meeting MGMT YES FOR FOR
 
Berkley (W R) Corp BER  084423102  5/10/05  Annual 
1.01   Elect Rodney A. Hawes Jr. MGMT YES FOR FOR
1.02   Elect Jack H. Nusbaum MGMT YES FOR FOR
1.03   Elect Mark L. Shapiro MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Best Buy Co Inc BBY  086516101  6/23/05  Annual 
1.01   Elect Ronald James MGMT YES FOR FOR
1.02   Elect Elliot S. Kaplan MGMT YES FOR FOR
1.03   Elect Mathew H. Paull MGMT YES FOR FOR
1.04   Elect Richard M. Schulze MGMT YES FOR FOR
1.05   Elect Mary A. Tolan MGMT YES FOR FOR
1.06   Elect Hatim A. Tyabji MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
BMC Software Inc BMC  055921100  8/24/04  Annual 
1.01   Elect B. Garland Cupp MGMT YES FOR FOR
1.02   Elect Robert E. Beauchamp MGMT YES FOR FOR
1.03   Elect Jon E. Barfield MGMT YES FOR FOR
1.04   Elect John W. Barter MGMT YES FOR FOR
1.05   Elect Meldon K. Gafner MGMT YES FOR FOR
1.06   Elect L. W. Gray MGMT YES FOR FOR
1.07   Elect Kathleen A. O'Neil MGMT YES FOR FOR
1.08   Elect George F. Raymond MGMT YES FOR FOR
1.09   Elect Tom C. Tinsley MGMT YES FOR FOR
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
Boeing Co BA  097023105  5/2/05  Annual 
1.01   Elect Kenneth M. Duberstein MGMT YES WHOLD AGNST
1.02   Elect W. James McNerney Jr. MGMT YES WHOLD AGNST
1.03   Elect Lewis E. Platt MGMT YES WHOLD AGNST
1.04   Elect Mike S. Zafirovski MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Develop/report on human rights policy SHLDR YES AGNST FOR
4.00   Review military contracting criteria SHLDR YES AGNST FOR
5.00   Review political spending or lobbying SHLDR YES AGNST FOR
6.00   Repeal classified board SHLDR YES FOR AGNST
7.00   Eliminate supermajority provision SHLDR YES FOR AGNST
8.00   Majority vote shareholder committee SHLDR YES AGNST FOR
9.00   Independent board chairman SHLDR YES AGNST FOR
 
Brink's Co BCO  109696104  5/6/05  Annual 
1.01   Elect Ronald M. Gross MGMT YES FOR FOR
1.02   Elect Marc C. Breslawsky MGMT YES FOR FOR
1.03   Elect John S. Brinzo MGMT YES FOR FOR
1.04   Elect Michael T. Dan MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
4.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
 
Cabot Oil & Gas Corp COG  127097103  4/28/05  Annual 
1.01   Elect Dan O. Dinges MGMT YES FOR FOR
1.02   Elect C. Wayne Nance MGMT YES FOR FOR
1.03   Elect William P. Vititoe MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Capital One Financial Corp COF  14040H105  4/28/05  Annual 
1.01   Elect Patrick W. Gross MGMT YES FOR FOR
1.02   Elect Ann Fritz Hackett MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Majority vote to elect directors SHLDR YES AGNST FOR
4.00   Restrict executive compensation SHLDR YES AGNST FOR
 
Cardinal Health Inc CAH  14149Y108  12/8/04  Annual 
1.01   Elect George H. Conrades MGMT YES WHOLD AGNST
1.02   Elect Robert L. Gerbig MGMT YES WHOLD AGNST
1.03   Elect Richard C. Notebaert MGMT YES WHOLD AGNST
2.00   Amend Annual Bonus Plan MGMT YES FOR FOR
3.00   Repeal Classified Board SHLDR YES FOR AGNST
 
Carpenter Technology Corp CRS  144285103  10/25/04  Annual 
1.01   Elect I. Martin Inglis MGMT YES FOR FOR
1.02   Elect Peter N. Stephans MGMT YES FOR FOR
1.03   Elect Kathryn C. Turner MGMT YES FOR FOR
1.04   Elect Stephen M. Ward Jr. MGMT YES FOR FOR
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
Catalina Marketing Corp POS  148867104  8/19/04  Annual 
1.01   Elect Peter T. Tattle MGMT YES FOR FOR
1.02   Elect Edward S. Dunn Jr. MGMT YES FOR FOR
1.03   Elect Eugene P. Beard MGMT YES FOR FOR
2.00   Amend Stock Option Plan MGMT YES FOR FOR
3.00   Amend Stock Option Plan MGMT YES AGNST AGNST
4.00   Adopt Employee Stock Purchase Plan MGMT YES FOR FOR
5.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
CBL & Associates Properties Inc   124830506  5/9/05  Annual 
1.01   Elect Charles B. Lebovitz MGMT YES FOR FOR
1.02   Elect Claude M. Ballard MGMT YES FOR FOR
1.03   Elect Gary L. Bryenton MGMT YES FOR FOR
1.04   Elect Leo Fields MGMT YES FOR FOR
2.00   Increase authorized common stock MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Cerner Corp CERN  156782104  5/27/05  Annual 
1.01   Elect John C. Danforth MGMT YES WHOLD AGNST
1.02   Elect Neal L. Patterson MGMT YES WHOLD AGNST
1.03   Elect William D. Zollars MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Charles River Laboratories International Inc CRL  159864107  5/9/05  Annual 
1.01   Elect James C. Foster MGMT YES FOR FOR
1.02   Elect Stephen D. Chubb MGMT YES FOR FOR
1.03   Elect George E. Massaro MGMT YES FOR FOR
1.04   Elect Linda McGoldrick MGMT YES FOR FOR
1.05   Elect George M. Milne MGMT YES FOR FOR
1.06   Elect Douglas E. Rogers MGMT YES FOR FOR
1.07   Elect Samuel O. Thier MGMT YES FOR FOR
1.08   Elect William H. Waltrip MGMT YES FOR FOR
2.00   Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST
    Amend Stock Incentive Plan
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Checkpoint Systems Inc CKP  162825103  6/8/05  Annual 
1.01   Elect David W. Clark Jr. MGMT YES FOR FOR
1.02   Elect Harald Einsmann MGMT YES FOR FOR
1.03   Elect Jack W. Partridge MGMT YES FOR FOR
 
Cisco Systems Inc CSCO  17275R102  11/18/04  Annual 
1.01   Elect Carol A. Bartz MGMT YES FOR FOR
1.02   Elect M. Michele Burns MGMT YES FOR FOR
1.03   Elect Larry R. Carter MGMT YES FOR FOR
1.04   Elect John T. Chambers MGMT YES FOR FOR
1.05   Elect James F. Gibbons MGMT YES FOR FOR
1.06   Elect John L. Hennessy MGMT YES FOR FOR
1.07   Elect Roderick C. McGeary MGMT YES FOR FOR
1.08   Elect James C. Morgan MGMT YES FOR FOR
1.09   Elect John P. Morgridge MGMT YES FOR FOR
1.10   Elect Donald T. Valentine MGMT YES FOR FOR
1.11   Elect Steven M. West MGMT YES FOR FOR
1.12   Elect Jerry Yang MGMT YES WHOLD AGNST
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
3.00   Link Executive Pay to Social Criteria SHLDR YES AGNST FOR
 
Citrix Systems Inc CTXS  177376100  5/5/05  Annual 
1.01   Elect Murray J. Demo MGMT YES FOR FOR
1.02   Elect John W. White MGMT YES FOR FOR
2.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Adopt employee stock purchase plan MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Commerce Bancorp Inc CBH  200519106  5/17/05  Annual 
1.01   Elect Vernon W. Hill II MGMT YES FOR FOR
1.02   Elect Jack R. Bershad MGMT YES FOR FOR
1.03   Elect Joseph E. Buckelew MGMT YES FOR FOR
1.04   Elect Donald T. DiFrancesco MGMT YES FOR FOR
1.05   Elect Morton N. Kerr MGMT YES FOR FOR
1.06   Elect Steven M. Lewis MGMT YES FOR FOR
1.07   Elect John K Lloyd MGMT YES FOR FOR
1.08   Elect George E. Norcross III MGMT YES FOR FOR
1.09   Elect Daniel J. Ragone MGMT YES FOR FOR
1.10   Elect William A. Schwartz Jr. MGMT YES FOR FOR
1.11   Elect Joseph T. Tarquini Jr. MGMT YES FOR FOR
1.12   Elect Joseph S. Vassalluzzo MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Commonwealth Telephone Enterprises CTCO  203349105  5/12/05  Annual 
1.01   Elect James Q. Crowe MGMT YES FOR FOR
1.02   Elect Richard R. Jaros MGMT YES FOR FOR
1.03   Elect Eugene Roth MGMT YES FOR FOR
 
Compass Bancshares Inc CBSS  20449H109  4/18/05  Annual 
1.01   Elect James H. Click Jr. MGMT YES FOR FOR
1.02   Elect Tranum Fitzpatrick MGMT YES FOR FOR
1.03   Elect John S. Stein MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
CompuCredit CCRT  20478N100  5/5/05  Annual 
1.01   Elect David G. Hanna MGMT YES FOR FOR
1.02   Elect Richard W. Gilbert MGMT YES FOR FOR
1.03   Elect Frank J. Hanna III MGMT YES FOR FOR
1.04   Elect Richard R. House Jr. MGMT YES FOR FOR
1.05   Elect Gregory J. Corona MGMT YES FOR FOR
1.06   Elect Deal W. Hudson MGMT YES FOR FOR
1.07   Elect Mack F. Mattingly MGMT YES FOR FOR
1.08   Elect Nicholas B. Paumgarten MGMT YES FOR FOR
1.09   Elect Thomas G. Rosencrants MGMT YES FOR FOR
2.00   Approve bonus pay for OBRA MGMT YES FOR FOR
 
Connetics Corp CNCT  208192104  4/22/05  Annual 
1.01   Elect Alexander E. Barkas MGMT YES WHOLD AGNST
1.02   Elect Eugene A. Bauer MGMT YES WHOLD AGNST
1.03   Elect R. Andrew Eckert MGMT YES FOR FOR
1.04   Elect Denise M. Gilbert MGMT YES FOR FOR
1.05   Elect John C. Kane MGMT YES FOR FOR
1.06   Elect Thomas D. Kiley MGMT YES FOR FOR
1.07   Elect Leon E. Panetta MGMT YES WHOLD AGNST
1.08   Elect G. Kirk Raab MGMT YES WHOLD AGNST
1.09   Elect Thomas G. Wiggans MGMT YES FOR FOR
2.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Increase authorized common stock MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Cooper Tire & Rubber CTB  216831107  5/3/05  Annual 
1.01   Elect Laurie B. Breininger MGMT YES FOR FOR
1.02   Elect Dennis J. Gormley MGMT YES FOR FOR
1.03   Elect Richard L. Wambold MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Report on sustainability SHLDR YES AGNST FOR
 
Countrywide Financial Corp CFC  222372104  6/15/05  Annual 
1.01   Elect Angelo R. Mozilo MGMT YES FOR FOR
1.02   Elect Stanford L. Kurland MGMT YES FOR FOR
1.03   Elect Oscar P. Robertson MGMT YES FOR FOR
1.04   Elect Keith P. Russell MGMT YES FOR FOR
2.00   Amend annual bonus plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Delphi Financial Group DFG  247131105  5/24/05  Annual 
1.01   Elect Donald A. Sherman MGMT YES FOR FOR
1.02   Elect Robert Rosenkranz MGMT YES FOR FOR
1.03   Elect Robert M. Smith Jr. MGMT YES FOR FOR
1.04   Elect Kevin R. Brine MGMT YES FOR FOR
1.05   Elect Lawrence E. Daurelle MGMT YES FOR FOR
1.06   Elect Edward A. Fox MGMT YES FOR FOR
1.07   Elect Harold F. Ilg MGMT YES FOR FOR
1.08   Elect James N. Meehan MGMT YES FOR FOR
1.09   Elect Philip R. O'Connor MGMT YES FOR FOR
2.00   Increase authorized common stock MGMT YES FOR FOR
3.00   Increase authorized preferred stock MGMT YES AGNST AGNST
4.00   Approve other business MGMT YES AGNST AGNST
 
Denbury Resources DNR  247916208  5/11/05  Annual 
1.01   Elect Ronald G. Greene MGMT YES FOR FOR
1.02   Elect David I. Heather MGMT YES FOR FOR
1.03   Elect Greg McMichael MGMT YES FOR FOR
1.04   Elect Gareth Roberts MGMT YES FOR FOR
1.05   Elect Randy Stein MGMT YES FOR FOR
1.06   Elect Wieland F. Wettstein MGMT YES FOR FOR
1.07   Elect Donald D. Wolf MGMT YES FOR FOR
2.00   Amend employee stock purchase plan MGMT YES FOR FOR
 
Doral Financial Corp DRL  25811P100  4/20/05  Annual 
1.01   Elect Richard F. Bonini MGMT YES FOR FOR
1.02   Elect Edgar M. Cullman Jr. MGMT YES WHOLD AGNST
1.03   Elect John L. Ernst MGMT YES FOR FOR
1.04   Elect Peter A. Hoffman MGMT YES FOR FOR
1.05   Elect Efraim Kier MGMT YES FOR FOR
1.06   Elect Salomon Levis MGMT YES FOR FOR
1.07   Elect Zoila Levis MGMT YES FOR FOR
1.08   Elect Harold D. Vicente MGMT YES FOR FOR
1.09   Elect John B. Hughes MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Eagle Materials Inc EXP  26969P108  7/27/04  Annual 
1.01   Elect Robert L. Clarke MGMT YES FOR FOR
1.02   Elect Frank W. Maresh MGMT YES FOR FOR
1.03   Elect Steven R. Rowley MGMT YES FOR FOR
1.04   Elect F. William Barnett MGMT YES FOR FOR
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
Earthlink Inc ELNK  270321102  5/3/05  Annual 
1.01   Elect Charles G. Betty MGMT YES FOR FOR
1.02   Elect Sky D. Dayton MGMT YES FOR FOR
1.03   Elect William H. Harris Jr. MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Ebay Inc EBAY  278642103  6/23/05  Annual 
1.01   Elect Fred D. Anderson MGMT YES FOR FOR
1.02   Elect Edward W. Barnholt MGMT YES FOR FOR
1.03   Elect Scott D. Cook MGMT YES FOR FOR
1.04   Elect Robert C. Kagle MGMT YES FOR FOR
2.00   Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
3.00   Increase authorized common stock MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
5.00   Restrict executive compensation SHLDR YES AGNST FOR
6.00   Majority vote to elect directors SHLDR YES AGNST FOR
 
Energen Corp EGN  29265N108  4/27/05  Annual 
1.01   Elect J. Mason Davis Jr. MGMT YES FOR FOR
1.02   Elect James S.M. French MGMT YES FOR FOR
1.03   Elect David W. Wilson MGMT YES FOR FOR
2.00   Increase authorized common stock MGMT YES FOR FOR
 
EPIX Pharmaceuticals Inc EPIX  26881Q101  6/2/05  Annual 
1.01   Elect Christopher F.O. Gabrieli MGMT YES FOR FOR
1.02   Elect Michael D. Webb MGMT YES FOR FOR
2.00   Adopt the Amended and Restated 1992 Equity Incentive Plan MGMT YES AGNST AGNST
3.00   Adopt the Director Stock Option Plan MGMT YES AGNST AGNST
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Everest Re Group Ltd RE  G3223R108  5/25/05  Annual 
1.01   Elect Thomas J. Gallagher MGMT YES FOR FOR
1.02   Elect William F. Galtney Jr. MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Amend Director Stock Incentive Plan MGMT YES FOR FOR
4.00   Amend annual bonus plan MGMT YES FOR FOR
 
Express Scripts Inc ESRX  302182100  5/25/05  Annual 
1.01   Elect Gary G Benanav MGMT YES FOR FOR
1.02   Elect Frank J. Borelli MGMT YES FOR FOR
1.03   Elect Maura C Breen MGMT YES FOR FOR
1.04   Elect Nicholas J. LaHowchic MGMT YES FOR FOR
1.05   Elect Thomas P. Mac Mahon MGMT YES FOR FOR
1.06   Elect John O. Parker Jr. MGMT YES FOR FOR
1.07   Elect George Paz MGMT YES FOR FOR
1.08   Elect Samuel K. Skinner MGMT YES WHOLD AGNST
1.09   Elect Seymour Sternberg MGMT YES FOR FOR
1.10   Elect Barrett A. Toan MGMT YES FOR FOR
1.11   Elect Howard L. Waltman MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
ExpressJet Holdings Inc XJT  30218U108  5/11/05  Annual 
1.01   Elect James B. Ream MGMT YES FOR FOR
1.02   Elect Richard Reitz MGMT YES FOR FOR
1.03   Elect Thomas E. Schick MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Misc. management MGMT YES FOR FOR
 
Family Dollar Stores FDO  307000109  1/20/05  Annual 
1.01   Elect Mark R. Bernstein MGMT YES FOR FOR
1.02   Elect Sharon Allred Decker MGMT YES FOR FOR
1.03   Elect Edward C. Dolby MGMT YES FOR FOR
1.04   Elect Glenn A. Eisenberg MGMT YES FOR FOR
1.05   Elect Howard R. Levine MGMT YES FOR FOR
1.06   Elect George R. Mahoney Jr. MGMT YES FOR FOR
1.07   Elect James G. Martin MGMT YES FOR FOR
2.00   Amend Stock Incentive Plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
FirstFed Financial Corp FED  337907109  4/20/05  Annual 
1.01   Elect William G. Ouchi MGMT YES FOR FOR
1.02   Elect William P. Rutledge MGMT YES FOR FOR
1.03   Elect Charles F. Smith MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Flagstar Bancorp Inc FBC  337930101  5/27/05  Annual 
1.01   Elect Mark T. Hammond MGMT YES WHOLD AGNST
1.02   Elect Richard S. Elsea MGMT YES WHOLD AGNST
1.03   Elect Michael W. Carrie MGMT YES WHOLD AGNST
1.04   Elect James D. Coleman MGMT YES WHOLD AGNST
1.05   Elect Robert O. Rondeau MGMT YES WHOLD AGNST
2.00   Increase authorized common stock MGMT YES FOR FOR
    Increase authorized preferred stock
3.00   Approve board size MGMT YES FOR FOR
4.00   Add shares to the 1997 Stock Option plan MGMT YES AGNST AGNST
5.00   Amend Stock Incentive Plan MGMT YES AGNST AGNST
6.00   Add shares to the 2000 Stock Incentive Plan MGMT YES AGNST AGNST
7.00   Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
 
Freescale Semiconductor Inc FSL  35687M107  4/29/05  Annual 
1.01   Elect H. Raymond Bingham MGMT YES WHOLD AGNST
1.02   Elect Stephen P. Kaufman MGMT YES WHOLD AGNST
2.00   Approve technical amendments MGMT YES FOR FOR
    Approve non-technical charter amendments
3.00   Approve technical amendments MGMT YES FOR FOR
    Approve non-technical bylaw amendments
4.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
5.00   Ratify selection of auditors MGMT YES FOR FOR
 
Georgia Gulf Corp GGC  373200203  5/17/05  Annual 
1.01   Elect John E. Akitt MGMT YES FOR FOR
1.02   Elect Charles L. Henry MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Giant Industries GI  374508109  4/27/05  Annual 
1.01   Elect Anthony J. Bernitsky MGMT YES FOR FOR
1.02   Elect George M. Rapport MGMT YES FOR FOR
1.03   Elect Donald Wilkinson MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Handleman Co HDL  410252100  9/8/04  Annual 
1.01   Elect Ralph J. Szygenda MGMT YES FOR FOR
1.02   Elect Elizabeth A. Chappell MGMT YES FOR FOR
2.00   Adopt Stock Option Plan MGMT YES FOR FOR
 
Harley-Davidson Inc HDI  412822108  4/30/05  Annual 
1.01   Elect George H. Conrades MGMT YES FOR FOR
1.02   Elect Sara L. Levinson MGMT YES FOR FOR
1.03   Elect George L. Miles Jr. MGMT YES FOR FOR
2.00   Approve annual bonus plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Hasbro Inc HAS  418056107  5/19/05  Annual 
1.01   Elect Basil L. Anderson MGMT YES FOR FOR
1.02   Elect Alan R. Batkin MGMT YES FOR FOR
1.03   Elect Frank J. Biondi Jr. MGMT YES FOR FOR
1.04   Elect John M. Connors Jr. MGMT YES FOR FOR
1.05   Elect E. Gordon Gee MGMT YES FOR FOR
1.06   Elect Jack M. Greenberg MGMT YES FOR FOR
1.07   Elect Alan G. Hassenfeld MGMT YES FOR FOR
1.08   Elect Claudine B. Malone MGMT YES FOR FOR
1.09   Elect Edward M. Philip MGMT YES FOR FOR
1.10   Elect Eli J. Segal MGMT YES FOR FOR
1.11   Elect Paula Stern MGMT YES FOR FOR
1.12   Elect Alfred J. Verrecchia MGMT YES FOR FOR
2.00   Add shares to the 2003 Incentive Plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
4.00   Monitor/adopt ILO conventions SHLDR YES AGNST FOR
 
HCA Inc HCA  404119109  5/26/05  Annual 
1.01   Elect C. Michael Armstrong MGMT YES FOR FOR
1.02   Elect Magdalena H. Averhoff MGMT YES FOR FOR
1.03   Elect Jack O. Bovender Jr. MGMT YES FOR FOR
1.04   Elect Richard M. Bracken MGMT YES FOR FOR
1.05   Elect Martin S. Feldstein MGMT YES FOR FOR
1.06   Elect Thomas F. Frist Jr. MGMT YES FOR FOR
1.07   Elect Frederick W. Gluck MGMT YES FOR FOR
1.08   Elect Glenda A. Hatchett MGMT YES FOR FOR
1.09   Elect Charles O. Holliday Jr. MGMT YES FOR FOR
1.10   Elect T. Michael Long MGMT YES FOR FOR
1.11   Elect John H. McArthur MGMT YES FOR FOR
1.12   Elect Kent C. Nelson MGMT YES FOR FOR
1.13   Elect Frank S. Royal MGMT YES WHOLD AGNST
1.14   Elect Harold T. Shapiro MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt the 2005 Equity Incentive Plan MGMT YES AGNST AGNST
 
Health Net Inc HNT  42222G108  5/12/05  Annual 
1.01   Elect Theodore F. Craver Jr. MGMT NO
1.02   Elect Thomas T. Farley MGMT NO
1.03   Elect Gale S. Fitzgerald MGMT NO
1.04   Elect Patrick Foley MGMT NO
1.05   Elect Jay M. Gellert MGMT NO
1.06   Elect Roger F. Greaves MGMT NO
1.07   Elect Bruce G. Willison MGMT NO
1.08   Elect Frederick C. Yeager MGMT NO
2.00   Approve annual bonus plan MGMT NO
3.00   Adopt Stock Incentive Plan MGMT NO
4.00   Ratify selection of auditors MGMT NO
 
IndyMac Bancorp Inc NDE  456607100  4/27/05  Annual 
1.01   Elect Michael W. Perry MGMT YES FOR FOR
1.02   Elect Louis E. Caldera MGMT YES FOR FOR
1.03   Elect Lyle E. Gramley MGMT YES FOR FOR
1.04   Elect Hugh M. Grant MGMT YES FOR FOR
1.05   Elect Patrick C. Haden MGMT YES FOR FOR
1.06   Elect Terrance G. Hodel MGMT YES FOR FOR
1.07   Elect Robert L. Hunt II MGMT YES FOR FOR
1.08   Elect John Seymour MGMT YES FOR FOR
1.09   Elect James R. Ukropina MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Integrated Circuit Systems ICST  45811K208  10/28/04  Annual 
1.01   Elect Lewis C. Eggebrecht MGMT YES FOR FOR
1.02   Elect Henry I. Boreen MGMT YES WHOLD AGNST
1.03   Elect David Dominik MGMT YES FOR FOR
 
Integrated Device Technology Inc IDTI  458118106  9/16/04  Annual 
1.01   Elect John C. Bolger MGMT YES FOR FOR
2.00   Adopt Stock Option Plan MGMT YES AGNST AGNST
3.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
Inter-Tel Inc INTL  458372109  4/26/05  Annual 
1.01   Elect Steven G. Mihaylo MGMT YES FOR FOR
1.02   Elect J. Robert Anderson MGMT YES FOR FOR
1.03   Elect Jerry W. Chapman MGMT YES WHOLD AGNST
1.04   Elect Gary D. Edens MGMT YES FOR FOR
1.05   Elect C. Roland Haden MGMT YES FOR FOR
1.06   Elect Alexander Cappello MGMT YES FOR FOR
1.07   Elect Agnieszka Winkler MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Approve other business MGMT YES AGNST AGNST
 
International Business Machines Corp IBM  459200101  4/26/05  Annual 
1.01   Elect Cathleen P. Black MGMT YES FOR FOR
1.02   Elect Kenneth I. Chenault MGMT YES FOR FOR
1.03   Elect Juergen Dormann MGMT YES FOR FOR
1.04   Elect Michael L. Eskew MGMT YES FOR FOR
1.05   Elect Charles F. Knight MGMT YES FOR FOR
1.06   Elect Minoru Makihara MGMT YES FOR FOR
1.07   Elect Lucio A. Noto MGMT YES FOR FOR
1.08   Elect Samuel J. Palmisano MGMT YES FOR FOR
1.09   Elect Joan E. Spero MGMT YES FOR FOR
1.10   Elect Sidney Taurel MGMT YES FOR FOR
1.11   Elect Charles M. Vest MGMT YES FOR FOR
1.12   Elect Lorenzo H. Zambrano Trevino MGMT YES FOR FOR
1.13   Misc. board of directors MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt cumulative voting SHLDR YES AGNST FOR
4.00   Provide pension choices SHLDR YES AGNST FOR
5.00   Pension fund surplus SHLDR YES AGNST FOR
6.00   Expense stock options SHLDR YES AGNST FOR
7.00   Disclose executive compensation SHLDR YES AGNST FOR
8.00   Report on risk to image of globalization strategy SHLDR YES AGNST FOR
 
IPC Holdings IPCR  G4933P101  6/10/05  Annual 
1.01   Elect Joseph C.H Johnson MGMT YES FOR FOR
1.02   Elect James P. Bryce MGMT YES FOR FOR
1.03   Elect Kenneth Hammond MGMT YES FOR FOR
1.04   Elect Clarence Eldridge James MGMT YES FOR FOR
1.05   Elect Franck Mutch MGMT YES FOR FOR
1.06   Elect Anthony Macleod Pilling MGMT YES FOR FOR
2.00   Amend stock option plan MGMT YES FOR FOR
3.00   Appoint auditors and set their fees MGMT YES FOR FOR
 
Johnson & Johnson JNJ  478160104  4/28/05  Annual 
1.01   Elect Mary S. Coleman MGMT YES FOR FOR
1.02   Elect James G. Cullen MGMT YES FOR FOR
1.03   Elect Robert J. Darretta MGMT YES FOR FOR
1.04   Elect Michael M. E. Johns MGMT YES FOR FOR
1.05   Elect Ann Dibble Jordan MGMT YES FOR FOR
1.06   Elect Arnold G. Langbo MGMT YES FOR FOR
1.07   Elect Susan L. Lindquist MGMT YES FOR FOR
1.08   Elect Leo F. Mullin MGMT YES FOR FOR
1.09   Elect Christine A. Poon MGMT YES FOR FOR
1.10   Elect Steven S. Reinemund MGMT YES FOR FOR
1.11   Elect David Satcher MGMT YES FOR FOR
1.12   Elect William C. Weldon MGMT YES FOR FOR
2.00   Adopt Stock Incentive Plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
La-Z-Boy Inc LZB  505336107  8/10/04  Annual 
1.01   Elect David K. Hehl MGMT YES WHOLD AGNST
1.02   Elect Rocque E. Lipford MGMT YES WHOLD AGNST
1.03   Elect Mel R. Martinez MGMT YES WHOLD AGNST
1.04   Elect Jack L. Thompson MGMT YES WHOLD AGNST
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
3.00   Adopt Stock Option Plan MGMT YES FOR FOR
 
Lehman Brothers Holdings Inc LEH  524908100  4/5/05  Annual 
1.01   Elect Michael L. Ainslie MGMT YES FOR FOR
1.02   Elect John F. Akers MGMT YES FOR FOR
1.03   Elect Richard S. Fuld Jr. MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
4.00   Restrict executive compensation SHLDR YES AGNST FOR
 
Lennar Corp LEN  526057104  3/29/05  Annual 
1.01   Elect Stuart A. Miller MGMT YES WHOLD AGNST
1.02   Elect Steven J. Saiontz MGMT YES WHOLD AGNST
1.03   Elect Robert J. Strudler MGMT YES WHOLD AGNST
2.00   Report or take action on climate change SHLDR YES AGNST FOR
 
Lincare Holdings Inc LNCR  532791100  5/9/05  Annual 
1.01   Elect John P. Byrnes MGMT YES FOR FOR
1.02   Elect Stuart H. Altman MGMT YES FOR FOR
1.03   Elect Chester B. Black MGMT YES FOR FOR
1.04   Elect Frank D. Byrne MGMT YES FOR FOR
1.05   Elect Frank T. Cary MGMT YES FOR FOR
1.06   Elect William F. Miller III MGMT YES FOR FOR
 
Lone Star Steakhouse Saloon STAR  542307103  12/15/04  Special 
1.00   Adopt Stock Option Plan MGMT YES AGNST AGNST
 
Louisiana-Pacific Corp LPX  546347105  5/2/05  Annual 
1.01   Elect E. Gary Cook MGMT YES FOR FOR
1.02   Elect Paul W. Hansen MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Manitowoc Co MTW  563571108  5/3/05  Annual 
1.01   Elect Dean H. Anderson MGMT YES FOR FOR
1.02   Elect Keith D. Nosbusch MGMT YES FOR FOR
1.03   Elect Robert S. Throop MGMT YES FOR FOR
 
Manor Care Inc HCR  564055101  5/10/05  Annual 
1.01   Elect Mary Taylor Behrens MGMT YES FOR FOR
1.02   Elect Joseph F. Damico MGMT YES FOR FOR
1.03   Elect John T. Schwieters MGMT YES FOR FOR
1.04   Elect Gail R. Wilensky MGMT YES FOR FOR
2.00   Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
 
McAfee Inc MFE  579064106  5/25/05  Annual 
1.01   Elect Robert Bucknam MGMT YES FOR FOR
1.02   Elect Liane Wilson MGMT YES FOR FOR
2.00   Add shares to the 1997 Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Add shares to the 2002 Employee Stock Purchase Plan MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
McDonald's Corp MCD  580135101  5/11/05  Annual 
1.01   Elect Hall Adams Jr. MGMT YES FOR FOR
1.02   Elect Cary D. McMillan MGMT YES FOR FOR
1.03   Elect Michael J. Roberts MGMT YES FOR FOR
1.04   Elect James A. Skinner MGMT YES FOR FOR
1.05   Elect Anne-Marie Slaughter MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Review or curb bioengineering SHLDR YES AGNST FOR
 
Medtronic Inc MDT  585055106  8/26/04  Annual 
1.01   Elect William R. Brody MGMT YES WHOLD AGNST
1.02   Elect Arthur D. Collins Jr. MGMT YES FOR FOR
1.03   Elect Antonio M. Gotto Jr. MGMT YES FOR FOR
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
3.00   Limit or End Charitable Giving SHLDR YES AGNST FOR
 
Meridian Resource TMR  58977Q109  10/27/04  Annual 
1.01   Elect E.L. Henry MGMT YES FOR FOR
1.02   Elect Joe E. Kares MGMT YES FOR FOR
1.03   Elect Gary A. Messersmith MGMT YES FOR FOR
1.04   Elect David W. Tauber MGMT YES FOR FOR
1.05   Elect John B. Simmons MGMT YES FOR FOR
1.06   Elect James R. Montague MGMT YES FOR FOR
1.07   Elect Fenner R. Weller Jr. MGMT YES FOR FOR
2.00   Double Board Nominees SHLDR YES AGNST FOR
 
Meridian Resource TMR  58977Q109  6/23/05  Annual 
1.01   Elect Joseph A. Reeves Jr. MGMT YES FOR FOR
1.02   Elect Michael J. Mayell MGMT YES FOR FOR
1.03   Elect Fenner R. Weller Jr. MGMT YES FOR FOR
 
Michaels Stores Inc MIK  594087108  6/16/05  Annual 
1.01   Elect Charles J. Wyly Jr. MGMT YES FOR FOR
1.02   Elect Sam Wyly MGMT YES FOR FOR
1.03   Elect Richard E. Hanlon MGMT YES FOR FOR
1.04   Elect Richard C. Marcus MGMT YES FOR FOR
1.05   Elect Liz Minyard MGMT YES FOR FOR
1.06   Elect Cece Smith MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt the 2005 Incentive Compensation Plan MGMT YES AGNST AGNST
 
Microsoft Corp MSFT  594918104  11/9/04  Annual 
1.01   Elect William H. Gates III MGMT YES FOR FOR
1.02   Elect Steven A. Ballmer MGMT YES FOR FOR
1.03   Elect James I. Cash Jr. MGMT YES FOR FOR
1.04   Elect Raymond V. Gilmartin MGMT YES FOR FOR
1.05   Elect Ann McLaughlin Korologos MGMT YES FOR FOR
1.06   Elect David F. Marquardt MGMT YES FOR FOR
1.07   Elect Charles H. Noski MGMT YES FOR FOR
1.08   Elect Helmut Panke MGMT YES FOR FOR
1.09   Elect Jon A. Shirley MGMT YES FOR FOR
2.00   Amend Stock Option Plan MGMT YES FOR FOR
3.00   Amend Director Stock Option Plan MGMT YES FOR FOR
4.00   Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
5.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
Mills Corp MLS  601148109  6/7/05  Annual 
1.01   Elect Laurence C. Siegel MGMT YES FOR FOR
1.02   Elect Franz von Perfall MGMT YES FOR FOR
1.03   Elect Christina L. Rose MGMT YES FOR FOR
1.04   Elect Colombe M. Nicholas MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Monaco Coach Corp MNC  60886R103  5/18/05  Annual 
1.01   Elect John F. Cogan MGMT YES FOR FOR
1.02   Elect Robert P. Hanafee Jr. MGMT YES FOR FOR
1.03   Elect Dennis D. Oklak MGMT YES FOR FOR
1.04   Elect Roger A. Vandenberg MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Movie Gallery Inc MOVI  624581104  6/9/05  Annual 
1.01   Elect Joe Thomas Malugen MGMT YES WHOLD AGNST
1.02   Elect H. Harrison Parrish MGMT YES WHOLD AGNST
1.03   Elect William B. Snow MGMT YES WHOLD AGNST
1.04   Elect John J. Jump MGMT YES WHOLD AGNST
1.05   Elect James C. Lockwood MGMT YES WHOLD AGNST
2.00   Add shares to the 2003 Stock Plan MGMT YES AGNST AGNST
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Mueller Industries MLI  624756102  5/5/05  Annual 
1.01   Elect Alexander P. Federbush MGMT YES FOR FOR
1.02   Elect Gennaro J. Fulvio MGMT YES FOR FOR
1.03   Elect Gary S. Gladstein MGMT YES FOR FOR
1.04   Elect Terry Hermanson MGMT YES FOR FOR
1.05   Elect Robert B. Hodes MGMT YES FOR FOR
1.06   Elect Harvey L. Karp MGMT YES FOR FOR
1.07   Elect William D. O'Hagan MGMT YES FOR FOR
2.00   Approve annual bonus plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
National Health Investors NHI  63633D104  5/3/05  Annual 
1.01   Elect Robert A. McCabe Jr. MGMT YES FOR FOR
1.02   Elect W. Andrew Adams MGMT YES FOR FOR
2.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
New Century Financial Corp NEW  6435EV108  5/17/05  Annual 
1.01   Elect Marilyn A. Alexander MGMT YES FOR FOR
1.02   Elect Harold A. Black MGMT YES FOR FOR
1.03   Elect Brad A. Morrice MGMT YES FOR FOR
1.04   Elect Michael M. Sachs MGMT YES FOR FOR
2.00   Add shares to the 2004 Performance Incentive Plan MGMT YES AGNST AGNST
    Amend Stock Incentive Plan
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Noble Energy Inc NBL  655044105  4/26/05  Annual 
1.01   Elect Michael A. Cawley MGMT YES FOR FOR
1.02   Elect Edward F. Cox MGMT YES FOR FOR
1.03   Elect Charles D. Davidson MGMT YES FOR FOR
1.04   Elect Kirby L. Hedrick MGMT YES FOR FOR
1.05   Elect Bruce A. Smith MGMT YES FOR FOR
1.06   Elect Jeffrey L. Berenson MGMT YES FOR FOR
1.07   Elect Thomas J. Edelman MGMT YES FOR FOR
1.08   Elect Michael A. Cawley MGMT YES FOR FOR
1.09   Elect Edward F. Cox MGMT YES FOR FOR
1.10   Elect Charles D. Davidson MGMT YES FOR FOR
1.11   Elect Kirby L. Hedrick MGMT YES FOR FOR
1.12   Elect Bruce A. Smith MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt Director Stock Incentive Plan MGMT YES FOR FOR
 
Noble Energy Inc NBL  655044105  5/11/05  Special 
1.00   Approve merger/acquisition MGMT YES FOR FOR
    Approve common stock issuance
2.00   Increase authorized common stock MGMT YES AGNST AGNST
 
Novastar Financial NFI  669947400  5/20/05  Annual 
1.01   Elect Scott F. Hartman MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
NVR Inc NVR  62944T105  5/4/05  Annual 
1.01   Elect Dwight C. Schar MGMT YES FOR FOR
1.02   Elect Robert C. Butler MGMT YES FOR FOR
1.03   Elect George E. Slye MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt Stock Incentive Plan MGMT YES FOR FOR
 
Office Depot Inc ODP  676220106  5/13/05  Annual 
1.01   Elect Lee A. Ault III MGMT YES FOR FOR
1.02   Elect Neil R. Austrian MGMT YES FOR FOR
1.03   Elect David W. Bernauer MGMT YES FOR FOR
1.04   Elect Abelardo E. Bru MGMT YES FOR FOR
1.05   Elect David I. Fuente MGMT YES FOR FOR
1.06   Elect Brenda J. Gaines MGMT YES FOR FOR
1.07   Elect Myra M. Hart MGMT YES FOR FOR
1.08   Elect W. Scott Hedrick MGMT YES FOR FOR
1.09   Elect James L. Heskett MGMT YES FOR FOR
1.10   Elect Patricia A. McKay MGMT YES FOR FOR
1.11   Elect Michael J. Myers MGMT YES FOR FOR
1.12   Elect Steve Odland MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Restrict executive compensation SHLDR YES AGNST FOR
4.00   Majority vote to elect directors SHLDR YES AGNST FOR
 
OmniVision Technologies OVTI  682128103  9/28/04  Annual 
1.01   Elect Shaw Hong MGMT YES FOR FOR
1.02   Elect Edward C.V. Winn MGMT YES FOR FOR
2.00   Ratify Selection of Auditors MGMT YES FOR FOR
 
Pfizer Inc PFE  717081103  4/28/05  Annual 
1.01   Elect Michael S. Brown MGMT YES FOR FOR
1.02   Elect M. Anthony Burns MGMT YES FOR FOR
1.03   Elect Robert N. Burt MGMT YES FOR FOR
1.04   Elect W. Don Cornwell MGMT YES FOR FOR
1.05   Elect William H. Gray III MGMT YES FOR FOR
1.06   Elect Constance J. Horner MGMT YES FOR FOR
1.07   Elect William R. Howell MGMT YES FOR FOR
1.08   Elect Stanley O. Ikenberry MGMT YES FOR FOR
1.09   Elect George A. Lorch MGMT YES FOR FOR
1.10   Elect Henry A. McKinnell Jr. MGMT YES FOR FOR
1.11   Elect Dana G. Mead MGMT YES FOR FOR
1.12   Elect Ruth J. Simmons MGMT YES FOR FOR
1.13   Elect William C. Steere Jr. MGMT YES FOR FOR
1.14   Elect Jean-Paul Valles MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Director tenure/retirement age SHLDR YES AGNST FOR
4.00   Review drug pricing or distribution SHLDR YES AGNST FOR
5.00   Review drug pricing or distribution SHLDR YES AGNST FOR
6.00   Review political spending or lobbying SHLDR YES AGNST FOR
7.00   Review drug pricing or distribution SHLDR YES AGNST FOR
8.00   Independent board chairman SHLDR YES AGNST FOR
 
PMI Group Inc PMI  69344M101  5/19/05  Annual 
1.01   Elect Mariann Byerwalter MGMT YES FOR FOR
1.02   Elect James C. Castle MGMT YES FOR FOR
1.03   Elect Carmine Guerro MGMT YES FOR FOR
1.04   Elect W. Roger Haughton MGMT YES FOR FOR
1.05   Elect Wayne E. Hedien MGMT YES FOR FOR
1.06   Elect Louis G. Lower II MGMT YES FOR FOR
1.07   Elect Raymond L. Ocampo Jr. MGMT YES FOR FOR
1.08   Elect John D. Roach MGMT YES FOR FOR
1.09   Elect Kenneth T. Rosen MGMT YES FOR FOR
1.10   Elect Steven L. Scheid MGMT YES FOR FOR
1.11   Elect L. Stephen Smith MGMT YES FOR FOR
1.12   Elect Richard L. Thomas MGMT YES FOR FOR
1.13   Elect Jose H. Villarreal MGMT YES FOR FOR
1.14   Elect Mary Lee Widener MGMT YES FOR FOR
1.15   Elect Ronald H. Zech MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Premiere Global Services Inc PGI  740585104  5/4/05  Annual 
1.01   Elect Raymond H. Pirtle Jr. MGMT YES FOR FOR
1.02   Elect Wilkie S. Colyer MGMT YES FOR FOR
 
Prime Hospitality Corp PDQ  741917108  10/6/04  Special 
1.00   Approve Leveraged Buyout MGMT YES FOR FOR
 
Providian Financial Corp PVN  74406A102  5/5/05  Annual 
1.01   Elect James P. Holdcroft Jr. MGMT YES FOR FOR
1.02   Elect Ruth M. Owades MGMT YES FOR FOR
1.03   Elect Jane A. Truelove MGMT YES FOR FOR
2.00   Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Puget Energy Inc PSD  745310102  5/10/05  Annual 
1.01   Elect William S. Ayer MGMT YES FOR FOR
1.02   Elect Charles W. Bingham MGMT YES FOR FOR
1.03   Elect Robert L. Dryden MGMT YES FOR FOR
1.04   Elect Sally G. Narodick MGMT YES FOR FOR
2.00   Adopt Stock Incentive Plan MGMT YES FOR FOR
3.00   Adopt director stock award plan MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Putnam Prime Money Market Fund   746763432  11/11/04  Special 
1.01   Elect Trustee J.A. Baxter MGMT YES FOR FOR
1.02   Elect Trustee E.T. Kennan MGMT YES FOR FOR
1.03   Elect Trustee C.B. Curtis MGMT YES FOR FOR
1.04   Elect Trustee J.H. Mullin, III MGMT YES FOR FOR
1.05   Elect Trustee M.R. Drucker MGMT YES FOR FOR
1.06   Elect Trustee R.E. Patterson MGMT YES FOR FOR
1.07   Elect Trustee C.E. Haldeman, Jr. MGMT YES FOR FOR
1.08   Elect Trustee G. Putnam, III MGMT YES FOR FOR
1.09   Elect Trustee J.A. Hill MGMT YES FOR FOR
1.10   Elect Trustee A.J.C. Smith MGMT YES FOR FOR
1.11   Elect Trustee R. J. Jackson MGMT YES FOR FOR
1.12   Elect Trustee W.T. Stephens MGMT YES FOR FOR
1.13   Elect Trustee P.L. Joskow MGMT YES FOR FOR
1.14   Elect Trustee R.B. Worley MGMT YES FOR FOR
2.00   Amend fund's fundamental investment restriction with respect to borrowing MGMT N/A N/A N/A
2.01   Amend fund's fundamental investment restriction with respect to making loans MGMT N/A N/A N/A
2.02   Amend fund's fundamental investment restriction with respect to diversification of investments MGMT YES FOR FOR
2.03   Amend fund's fundamental investment restriction with respect to issuance of senior securities MGMT N/A N/A N/A
2.04   Amend fund's fundamental investment restriction with respect to purchasing or selling options, puts, calls, straddles and spreads MGMT N/A N/A N/A
2.05   Amend fund's fundamental investment restriction with respect to investments in commodities MGMT N/A N/A N/A
3.00   Amend fund's Agreement and Declaration of Trust MGMT YES FOR FOR
 
R&G Financial   749136107  4/26/05  Annual 
1.01   Elect Victor J. Galan MGMT YES WHOLD AGNST
1.02   Elect Ramon Prats MGMT YES WHOLD AGNST
1.03   Elect Enrique Umpierre-Suarez MGMT YES WHOLD AGNST
1.04   Elect Eduardo McCormack MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Radian Group Inc RDN  750236101  5/10/05  Annual 
1.01   Elect David C. Carney MGMT YES FOR FOR
1.02   Elect Howard B. Culang MGMT YES FOR FOR
1.03   Elect Stephen T. Hopkins MGMT YES FOR FOR
1.04   Elect Sanford A. Ibrahim MGMT YES FOR FOR
1.05   Elect James W. Jennings MGMT YES FOR FOR
1.06   Elect Roy J. Kasmar MGMT YES FOR FOR
1.07   Elect Ronald W. Moore MGMT YES FOR FOR
1.08   Elect Jan Nicholson MGMT YES FOR FOR
1.09   Elect Robert W. Richards MGMT YES FOR FOR
1.10   Elect Anthony W. Schweiger MGMT YES FOR FOR
1.11   Elect Herbert Wender MGMT YES FOR FOR
2.00   Adopt the Performance Share Plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
RAIT Investment Trust RAS  749227104  5/18/05  Annual 
1.01   Elect Betsy Z. Cohen MGMT YES FOR FOR
1.02   Elect Edward S. Brown MGMT YES FOR FOR
1.03   Elect Jonathan Z. Cohen MGMT YES FOR FOR
1.04   Elect S. Kristin Kim MGMT YES FOR FOR
1.05   Elect Arthur Makadon MGMT YES FOR FOR
1.06   Elect Joel R. Mesznik MGMT YES FOR FOR
1.07   Elect Daniel Promislo MGMT YES FOR FOR
2.00   Adopt the 1997 Stock Option Plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
 
Redwood Trust RWT  758075402  5/5/05  Annual 
1.01   Elect Douglas B. Hansen MGMT YES FOR FOR
1.02   Elect Greg H. Kubicek MGMT YES FOR FOR
1.03   Elect Charles J. Toeniskoetter MGMT YES FOR FOR
 
RenaissanceRe Holdings Ltd RNR  G7496G103  8/31/04  Special 
1.00   Approve Stock Option Plan MGMT YES FOR FOR
 
Rent-A-Center Inc RCII  76009N100  5/18/05  Annual 
1.01   Elect Mark E. Speese MGMT YES FOR FOR
1.02   Elect Richard K. Armey MGMT YES FOR FOR
1.03   Elect Laurence M. Berg MGMT YES FOR FOR
 
Royal Caribbean Cruises Ltd RCL  V7780T103  5/17/05  Annual 
1.01   Elect Laura Laviada MGMT YES AGNST AGNST
1.02   Elect Eyal Ofer MGMT YES AGNST AGNST
1.03   Elect William K. Reilly MGMT YES AGNST AGNST
1.04   Elect Arne Alexander Wilhelmsen MGMT YES AGNST AGNST
2.00   Appoint outside auditors MGMT YES FOR FOR
 
RPM International Inc RPM  749685103  10/8/04  Annual 
1.01   Elect Edward B. Brandon MGMT YES FOR FOR
1.02   Elect William A. Papenbrock MGMT YES FOR FOR
1.03   Elect Thomas C. Sullivan MGMT YES FOR FOR
1.04   Elect Frank C. Sullivan MGMT YES FOR FOR
2.00   Adopt Stock Option Plan MGMT YES FOR FOR
3.00   Amend Annual Bonus Plan MGMT YES FOR FOR
 
Sabre Holdings Corp TSG  785905100  5/17/05  Annual 
1.01   Elect Michael S. Gilliland MGMT YES FOR FOR
1.02   Elect Bob L. Martin MGMT YES FOR FOR
1.03   Elect Richard L. Thomas MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Repeal classified board MGMT YES FOR FOR
4.00   Approve non-technical charter amendments MGMT YES ABSTAIN AGNST
5.00   Amend Stock Incentive Plan MGMT YES AGNST AGNST
 
SanDisk Corp SNDK  80004C101  5/27/05  Annual 
1.01   Elect Dr.Eli Harari MGMT YES FOR FOR
1.02   Elect Irwin Federman MGMT YES FOR FOR
1.03   Elect Catherine P. Lego MGMT YES FOR FOR
1.04   Elect Michael E. Marks MGMT YES FOR FOR
1.05   Elect Dr.James D. Meindl MGMT YES FOR FOR
1.06   Elect Alan F. Shugart MGMT YES FOR FOR
2.00   Adopt the 2005 Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Adopt the 2005 Employee Stock Purchase Plan MGMT YES FOR FOR
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Satyam Computer Services   6241858  7/23/04  Annual 
1.00   Approve Financial Statements MGMT YES FOR FOR
2.00   Set Dividend/Allocate Profits MGMT YES FOR FOR
3.00   Elect Dr. Managalam Srinivasan MGMT YES AGNST AGNST
4.00   Appoint Auditors and Set Their Fees MGMT YES FOR FOR
5.00   Ratify Executive Board Appointments MGMT YES AGNST AGNST
    Approve Directors' Fees
6.00   Ratify Executive Board Appointments MGMT YES AGNST AGNST
    Approve Directors' Fees
7.00   Add or Remove Exchange Listing MGMT YES FOR FOR
 
Seachange International SEAC  811699107  7/14/04  Annual 
1.01   Elect Martin R. Hoffmann MGMT YES FOR FOR
1.02   Elect Thomas F. Olson MGMT YES FOR FOR
2.00   Adopt Stock Option Plan MGMT YES AGNST AGNST
 
Senior Housing Properties Trust SNH  81721M109  5/10/05  Annual 
1.01   Elect Frederick N. Zeytoonjian MGMT YES WHOLD AGNST
 
StanCorp Financial Group Inc SFG  852891100  5/9/05  Annual 
1.01   Elect Frederick W. Buckman MGMT YES FOR FOR
1.02   Elect John E. Chapoton MGMT YES FOR FOR
1.03   Elect Wanda G. Henton MGMT YES WHOLD AGNST
1.04   Elect Ronald E. Timpe MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Storage Technology Corp STK  862111200  4/27/05  Annual 
1.01   Elect James R. Adams MGMT YES FOR FOR
1.02   Elect Charles E. Foster MGMT YES FOR FOR
1.03   Elect Mercedes Johnson MGMT YES FOR FOR
1.04   Elect William T. Kerr MGMT YES FOR FOR
1.05   Elect Robert E. Lee MGMT YES FOR FOR
1.06   Elect Patrick J. Martin MGMT YES FOR FOR
1.07   Elect Judy C. Odom MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt cumulative voting SHLDR YES AGNST FOR
4.00   Counting shareholder votes SHLDR YES AGNST FOR
 
Student Loan Corp STU  863902102  5/19/05  Annual 
1.01   Elect Gina Doynow MGMT YES WHOLD AGNST
1.02   Elect Rodman L. Drake MGMT YES WHOLD AGNST
1.03   Elect Stephanie B. Mudick MGMT YES WHOLD AGNST
1.04   Elect Michael J. Reardon MGMT YES WHOLD AGNST
1.05   Elect Simon Williams MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
SuperValu Inc SVU  868536103  6/15/05  Annual 
1.01   Elect Edwin C. Gage MGMT YES FOR FOR
1.02   Elect Garnett L. Keith Jr. MGMT YES FOR FOR
1.03   Elect Marissa Peterson MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Add shares to the 2002 Stock Plan MGMT YES AGNST AGNST
    Amend Stock Incentive Plan
4.00   Majority vote to elect directors SHLDR YES AGNST FOR
 
Sybron Dental Specialties SYD  871142105  2/8/05  Annual 
1.01   Elect Dennis Brown MGMT YES FOR FOR
1.02   Elect Kenneth F. Yontz MGMT YES FOR FOR
2.00   Adopt Director Stock Incentive Plan MGMT YES AGNST AGNST
3.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
 
Telik Inc TELK  87959M109  5/26/05  Annual 
1.01   Elect Edward W. Cantrall MGMT YES FOR FOR
1.02   Elect Steven R. Goldring MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Tenneco Automotive Inc TEN  880349105  5/10/05  Annual 
1.01   Elect Charles W. Cramb MGMT YES FOR FOR
1.02   Elect Timothy R. Donovan MGMT YES FOR FOR
1.03   Elect M. Kathryn Eickhoff MGMT YES FOR FOR
1.04   Elect Mark P. Frissora MGMT YES FOR FOR
1.05   Elect Frank E. Macher MGMT YES FOR FOR
1.06   Elect Roger B. Porter MGMT YES FOR FOR
1.07   Elect David B. Price Jr. MGMT YES FOR FOR
1.08   Elect Dennis G. Severance MGMT YES FOR FOR
1.09   Elect Paul T. Stecko MGMT YES FOR FOR
1.10   Elect Jane L. Warner MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
 
Transaction System Architects TSAI  893416107  3/8/05  Annual 
1.01   Elect Roger K. Alexander MGMT YES FOR FOR
1.02   Elect Gregory D. Derkacht MGMT YES FOR FOR
1.03   Elect Harlan F. Seymour MGMT YES FOR FOR
1.04   Elect John D Curtis MGMT YES FOR FOR
1.05   Elect Jim D. Kever MGMT YES FOR FOR
1.06   Elect John E. Stokely MGMT YES FOR FOR
2.00   Increase authorized common stock MGMT YES AGNST AGNST
    Decrease authorized preferred stock
    Eliminate dual class common stock
3.00   Approve technical amendments MGMT YES FOR FOR
4.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
5.00   Ratify selection of auditors MGMT YES FOR FOR
 
TTM Technologies TTMI  87305R109  10/29/04  Annual 
1.01   Elect James K. Bass MGMT NO
1.02   Elect Thomas T. Edman MGMT NO
1.03   Elect Robert E. Klatell MGMT NO
2.00   Reapprove Option/Bonus Plan for OBRA MGMT NO
 
Tyco International Ltd TYC  902124106  3/10/05  Annual 
1.01   Elect Dennis C. Blair MGMT YES WHOLD AGNST
1.02   Elect Edward D. Breen MGMT YES WHOLD AGNST
1.03   Elect George W. Buckley MGMT YES WHOLD AGNST
1.04   Elect Brian Duperreault MGMT YES WHOLD AGNST
1.05   Elect Bruce S. Gordon MGMT YES WHOLD AGNST
1.06   Elect Rajiv L. Gupta MGMT YES WHOLD AGNST
1.07   Elect John A. Krol MGMT YES WHOLD AGNST
1.08   Elect Mackey J. McDonald MGMT YES WHOLD AGNST
1.09   Elect H. Carl McCall MGMT YES WHOLD AGNST
1.10   Elect Brendan R. O'Neill MGMT YES WHOLD AGNST
1.11   Elect Sandra S. Wijnberg MGMT YES WHOLD AGNST
1.12   Elect Jerome B. York MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES AGNST AGNST
 
United Defense Industries UDI  91018B104  5/10/05  Annual 
1.00   Approve merger/acquisition MGMT YES FOR FOR
2.01   Elect Frank C. Carlucci MGMT YES FOR FOR
2.02   Elect Peter J. Clare MGMT YES FOR FOR
2.03   Elect William E. Conway Jr. MGMT YES FOR FOR
2.04   Elect C. Thomas Faulders III MGMT YES FOR FOR
2.05   Elect Robert J. Natter MGMT YES FOR FOR
2.06   Elect J.H. Binford Peay III MGMT YES FOR FOR
2.07   Elect Thomas W. Rabaut MGMT YES FOR FOR
2.08   Elect Francis Raborn MGMT YES FOR FOR
2.09   Elect John M. Shalikashvili MGMT YES WHOLD AGNST
3.00   Adjourn meeting MGMT YES FOR FOR
 
United Online UNTD  911268100  5/10/05  Annual 
1.01   Elect Mark R. Goldston MGMT YES FOR FOR
1.02   Elect Carol A. Scott MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Approve other business MGMT YES AGNST AGNST
 
Vintage Petroleum Inc VPI  927460105  5/10/05  Annual 
1.01   Elect Charles C. Stephenson Jr. MGMT YES FOR FOR
1.02   Elect Joseph D. Mahaffey MGMT YES FOR FOR
2.00   Amend Stock Incentive Plan MGMT YES FOR FOR
3.00   Ratify selection of auditors MGMT YES FOR FOR
4.00   Report or take action on climate change SHLDR YES AGNST FOR
 
West Corp WSTC  952355105  6/10/05  Annual 
1.01   Elect Gary L. West MGMT YES WHOLD AGNST
1.02   Elect Greg T. Sloma MGMT YES WHOLD AGNST
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt the Executive Incentive Compensation Plan MGMT YES FOR FOR
4.00   Extend Term of Stock Incentive Plan MGMT YES AGNST AGNST
 
WGL Holdings Inc WGL  92924F106  2/23/05  Annual 
1.01   Elect Michael D. Barnes MGMT YES FOR FOR
1.02   Elect George Patrick Clancy Jr. MGMT YES FOR FOR
1.03   Elect James H. DeGraffenreidt Jr. MGMT YES FOR FOR
1.04   Elect James W Dyke Jr MGMT YES FOR FOR
1.05   Elect Melvyn J. Estrin MGMT YES FOR FOR
1.06   Elect James F LaFond MGMT YES FOR FOR
1.07   Elect Debra L. Lee MGMT YES FOR FOR
1.08   Elect Karen Hastie Williams MGMT YES FOR FOR
2.00   Ratify selection of auditors MGMT YES FOR FOR
3.00   Adopt cumulative voting SHLDR YES AGNST FOR
 
Whirlpool Corp WHR  963320106  4/19/05  Annual 
1.01   Elect Herman Cain MGMT YES FOR FOR
1.02   Elect Jeff M. Fettig MGMT YES FOR FOR
1.03   Elect Miles L. Marsh MGMT YES FOR FOR
1.04   Elect Paul G. Stern MGMT YES FOR FOR
1.05   Elect Michael D. White MGMT YES FOR FOR
2.00   Adopt Director Stock Incentive Plan MGMT YES FOR FOR
 
Winnebago Industries WGO  974637100  1/11/05  Annual 
1.01   Elect Jerry N. Currie MGMT YES FOR FOR
1.02   Elect Lawrence A. Erickson MGMT YES FOR FOR
1.03   Elect John E. Herlitz MGMT YES FOR FOR
 
Wolverine World Wide WWW  978097103  4/21/05  Annual 
1.01   Elect Donald V. Fites MGMT YES FOR FOR
1.02   Elect Phillip D. Matthews MGMT YES FOR FOR
1.03   Elect Paul D. Schrage MGMT YES FOR FOR
2.00   Increase authorized common stock MGMT YES FOR FOR
3.00   Adopt Stock Incentive Plan MGMT YES AGNST AGNST
4.00   Ratify selection of auditors MGMT YES FOR FOR
 
Yankee Candle YCC  984757104  6/2/05  Annual 
1.01   Elect Sandra J. Horbach MGMT YES WHOLD AGNST
1.02   Elect Robert J. O'Connell MGMT YES FOR FOR
1.03   Elect Craig W. Rydin MGMT YES FOR FOR
1.04   Elect Doreen A. Wright MGMT YES FOR FOR
2.00   Adopt the 2005 Stock Option and Award Plan MGMT YES AGNST AGNST
3.00   Ratify selection of auditors MGMT YES FOR FOR
 




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

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

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




SIGNATURES:

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



Putnam Capital Appreciation Fund
-------------------------------------------------------------------------
       (Registrant)


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


Date July 28, 2005