<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>adp2k3_0000912747.txt
<DESCRIPTION>ADP2K3_0000912747.TXT
<TEXT>
                                  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:     811-08012

 NAME OF REGISTRANT:                     Government Obligations Portfolio


 ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 255 State Street
                                         Boston, MA 02109

 NAME AND ADDRESS OF AGENT FOR SERVICE:  Alan R. Dynner, Esq.
                                         255 State Street
                                         Boston , MA 02109

 REGISTRANT'S TELEPHONE NUMBER:          617-482-8260

 DATE OF FISCAL YEAR END:                10/31

 DATE OF REPORTING PERIOD:               07/01/2005 - 06/30/2006


<PAGE>

<TABLE>
<S>    <C>                                                       <C>           <C>                            <C>

Government Obligations Portfolio
--------------------------------------------------------------------------------------------------------------------------
 During the period, the Portfolio held no securities which required a proxy vote.


</TABLE>

<PAGE>

SIGNATURES

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

(Registrant)         Government Obligations Portfolio
By (Signature)       /s/ Mark S. Venezia
Name                 Mark S. Venezia
Title                President
Date                 08/25/2006

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