PROXY VOTING RESULTS

Results of Special Meeting of Shareholders

(UNAUDITED)

A Special Meeting of Shareholders of Wanger Advisors Trust (the Trust), was held on February 27, 2015 to ask shareholders to vote in favor of the election of nine nominated trustees to the Board. A proxy statement that described the proposals was mailed to shareholders of record as of December 31, 2014.

Proposal: Each of the trustee nominees was elected to the Board as follows:

Trustee	For		Against/Withhold		Abstain/Broker Non-Votes
Laura M. Born		38,573,110.511		1,474,696.806		0
Maureen M. Culhane		38,532,107.983		1,515,699.334		0
Margaret M. Eisen		38,602,975.936		1,444,831.381		0
Thomas M. Goldstein		38,638,023.815		1,409,783.502		0
John C. Heaton		38,662,930.626		1,384,876.691		0
Steven N. Kaplan		38,557,270.785		1,490,536.532		0
Charles R. Phillips		38,564,485.454		1,483,321.863		0
David J. Rudis		38,588,800.594		1,459,006.723		0
P. Zachary Egan		38,642,128.122		1,405,679.195		0