Form N-PX

<PRE>
******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-09102
Reporting Period: 07/01/2003 - 06/30/2004
iShares, Inc.









====================== ISHARES MSCI AUSTRALIA INDEX FUND =======================


ALUMINA LTD (FORMERLY WMC LIMITED)

Ticker:                      Security ID:  AU000000AWC3
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Elect Peter A. F. Hay as Director         For       For        Management
3     Amend Articles Re: Unmarketable Parcels   For       For        Management
      of Shares


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AMCOR LTD.

Ticker:       AMCR           Security ID:  AU000000AMC4
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Ronald Keith Barton as Director     For       For        Management
2b    Elect George John Pizzey as Director      For       For        Management
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of Not Exceeding AUD 2,000,000


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AMP LIMITED

Ticker:                      Security ID:  AU000000AMP6
Meeting Date: DEC 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Cancellation of the           For       For        Management
      Cancellation Number Scheme Shares and
      then Convert the Remaining Number Scheme
      Shares Equal to the Original Number
      Scheme Shares
1     Approve Cancellation of 11.5 Million RPS  For       For        Management
      Preference Shares


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AMP LIMITED

Ticker:                      Security ID:  AU000000AMP6
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect P Handley as Director               For       For        Management
2b    Elect P Mason as Director                 For       For        Management
2c    Elect N Scheinkestel as Director          For       For        Management
3     Approve Reduction in the Aggregate        For       For        Management
      Maximum Fees to AUD1.5 Million Plus
      Statutory Superannuation Guarantee
      Contributions


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AMP LIMITED

Ticker:                      Security ID:  AU000000AMP6
Meeting Date: DEC 9, 2003    Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement             For       For        Management


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ANSELL LTD

Ticker:       PDLPY          Security ID:  AU000000ANN9
Meeting Date: OCT 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect I. Dale Crandall as Director        For       For        Management
2b    Elect Herbert J. Elliott as Director      For       For        Management


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ARISTOCRAT LEISURE LTD.

Ticker:                      Security ID:  AU000000ALL7
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect John Ducker as Director             Against   Against    Management
3     Elect Penelope Morris as Director         For       For        Management
4     Elect David Simpson as Director           For       For        Management
5     Approve Freezing of Retirement Allowance  For       For        Management
      for Eligible Non-Executive Directors
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 1.75 Million Per Annum


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AUSTRALIA & NZ BANKING GROUP LTD. (FORMERLY AUSTRALIA & NEW

Ticker:       ANZ            Security ID:  AU000000ANZ3
Meeting Date: AUG 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Confirm Member Approval to the Buy-Back   For       For        Management
      Agreement Relating to the Redeemable
      Preference Shares Issued by the Company
      in 1998
2     Amend Constitution                        For       For        Management
3     Approve Issuance of 12.5 Million Reset    For       For        Management
      Convertible Preference Shares


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AUSTRALIA & NZ BANKING GROUP LTD. (FORMERLY AUSTRALIA & NEW

Ticker:       ANZ            Security ID:  AU000000ANZ3
Meeting Date: DEC 19, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Reelect C Dahlsen as Director             For       For        Management
2b    Reelect CB Goode as Director              For       For        Management
2c    Elect Shareholder Nominee J I Buckland as Against   Against    Shareholder
      Director


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AUSTRALIAN GAS LIGHT (AGL)

Ticker:                      Security ID:  AU000000AGL7
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports For the Year Ended June 30, 2003
2a    Elect Ronald Brierley as Director         For       For        Management
2b    Elect G. J. Reaney as Director            For       For        Management
3     Approve the Acquisition by G. J. W.       For       For        Management
      Martin of Rights Under the Long-Term
      Incentive Plan for June 30, 2003
4     Approve Increase in Remuneration of       For       For        Management
      Directors in the Amount of AUD 1.2
      Million Per Annum


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AUSTRALIAN STOCK EXCHANGE LIMITED

Ticker:                      Security ID:  AU000000ASX7
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports For the Year Ended June 30, 2003
2     Accept Financial Statements and Statutory None      Abstain    Management
      Reports For the National Guarantee Fund
      For the Year Ended June 30, 2003
3     Elect Jillian Shirley Segal as Director   For       For        Management
4     Elect Michael John Sharpe as Director     For       For        Management
5     Elect Catherine Mary Walter as Director   For       For        Management


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BHP BILLITON LIMITED (FORMERLY BHP LTD.)

Ticker:       BHP            Security ID:  AU000000BHP4
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  NOV 11, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements for BHP       For       Abstain    Management
      Billiton Ltd and Statutory Reports for
      the Year Ended  June 30, 2003
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for BHP Billiton Plc for the Year
      Ended June 30, 2003
3     Elect D C Brink as Director of BHP        For       For        Management
      Billiton Ltd
4     Elect D C Brink as Director of BHP        For       For        Management
      Billiton Plc
5     Elect M A Chaney as Director of BHP       For       For        Management
      Billiton Ltd
6     Elect M A Chaney as Director of BHP       For       For        Management
      Billiton Plc
7     Elect Lord Renwick of Clifton as Director For       For        Management
      of BHP Billiton Ltd
8     Elect Lord Renwick of Clifton as Director For       For        Management
      of BHP Billitoon Plc  as Director
9     Elect M Salamon as Director of BHP        For       For        Management
      Billiton Ltd
10    Elect M Salamon as Director of BHP        For       For        Management
      Billiton Plc
11    Elect J G Buchanan as Director of BHP     For       For        Management
      Billiton Ltd
12    Elect J G Buchanan as Director of BHP     For       For        Management
      Billiton Plc
13    Approve KPMG Audit Plc and                For       For        Management
      PricewaterhouseCoopers LLP as Auditors
      and Authorize Board to Fix Their
      Remuneration
14    Approve Authority to Allot Shares in BHP  For       For        Management
      Billiton Plc
15    Approve Renewal of Authority to Allot     For       For        Management
      Equity Securities for Cash
16    Authorize Share Repurchase Program        For       For        Management
17    Approve Remuneration Report for the Year  For       For        Management
      Ended June 30, 2003
18    Approve the Grant of Deferred Shares,     For       For        Management
      Options and Performance Shares to
      Executive Director and Chief Executive
      Officer, C W Goodyear Under the BHP
      Billiton Limited Group Incentive Scheme
19    Approve the Grant of Deferred Shares,     For       For        Management
      Options and Performance Shares to
      Executive Director and Senior Minerals
      Executive, M Salamon Under the BHP
      Billiton Plc Group Incentive Scheme


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BLUESCOPE STEEL LTD (FORMERLY BHP STEEL LTD)

Ticker:                      Security ID:  AU000000BSL0
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect H K McCann as Director              For       For        Management
2b    Elect P Rizzo as Director                 For       For        Management
2c    Elect Y P Tan as Director                 For       For        Management
3     Change Company Name to BlueScope Steel    For       For        Management
      Limited
4     Approve Participation by Kirby Adams,     For       For        Management
      Managing Director and Chief Executive
      Officer in the Employee Share Purchase
      Plan
5     Approve Grant of Share Rights to Managing For       For        Management
      Director and Chief Executive Officer,
      Kirby Adams, Under the Long Term
      Incentive Plan
6     Approve Non-Executive Director Share Plan For       For        Management


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BORAL LIMITED

Ticker:       BORAY          Security ID:  AU000000BLD2
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:  OCT 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2a    Elect John Clooney as Director            For       For        Management
2b    Elect Elizabeth Alexander as Director     For       For        Management
2c    Elect Tony D'Aloisio as Director          For       For        Management
3     Adopt New Constitution and Renew          For       For        Management
      Proportional Takeover  Approval Article
4     Approve Increase in the Remuneration of   For       For        Management
      Non-Executive Directors'
5     Amend Non-Executive Directors' Share Plan For       For        Management
6     Approve Employee Incentive Plans          For       For        Management
7     Approve Grant of Options to Rod Pearse,   For       For        Management
      Managing Director
8     Approve Resolution Proposed by 'Boral     Against   Against    Shareholder
      Green Shareholders'
9     Amend Articles Re: Article 145            Against   For        Shareholder
10    Amend Articles Re: Article 123            Against   Against    Shareholder
11    Approve Resolution That the Company Cease Against   Against    Shareholder
      Issuing Any Further Options Under the
      Boral Senior Executive Option Plan
12    Approve Resolution That Any Subsequent    Against   Against    Shareholder
      Form of Long-Term Incentive Plan for
      Senior Executives Be Put to Shareholders
      for Approval as an Ordinary Resolution at
      the Company's 2004 AGM and as Required at
      Subsequent AGMs
13    Approve Resolution That Any Short-Term    Against   Against    Shareholder
      Incentive Payable to an Executive
      Director Be Put to Shareholders for
      Approval as an Ordinary Resolution at the
      Company's 2004 AGM and Thereafter as
      Necessary Each Year
14    Amend Senior Executive Remuneration       Against   For        Shareholder
      Policy to Link 30 Percent of the
      Short-Term Incentives to the Achievement
      of Safety Targets Set by the Health and
      Safety Subcommittee


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BRAMBLES INDUSTRIES LTD.

Ticker:                      Security ID:  AU000000BIL1
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:  NOV 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports For the Year Ended June 30, 2003
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports For Brambles Industries Plc For
      the Year Ended June 30, 2003
3     Approve Remuneration Report For the Year  For       For        Management
      Ended June 30, 2003 As Contained in the
      Brambles Industries Plc Annual Review
      2003
4     Elect R. D. Brown as Director of Brambles For       For        Management
      Industries Limited
5     Elect R. D. Brown as Director of Brambles For       For        Management
      Industries Plc
6     Elect CK Chow as Director of Brambles     None      None       Management
      Industries Limited
7     Elect CK Chow as Director of Bramble      None      None       Management
      Industries Plc
8     Elect David Lees as Director of Brambles  For       For        Management
      Industries Limited
9     Elect David Lees as Director  of Bramble  For       For        Management
      Industries Plc
10    Elect R. C. Milne as Director of Brambles For       For        Management
      Industries Limited
11    Elect R. C. Milne as Director of Bramble  For       For        Management
      Industries Plc
12    Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors of Brambles Industries plc
13    Approve Remuneration of Auditors          For       For        Management
14    Approve General Authority to Allot Up to  For       For        Management
      176.26 Million Shares in Brambles
15    Approve Disapplication of Pre-Emption     For       For        Management
      Rights in Brambles Industries Plc
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
17    Approve Establishment of a Dividend       For       For        Management
      Reinvestment Scheme
18    Approve Scrip Dividend Scheme             For       For        Management
19    Amendment of the Brambles Industries Plc  For       For        Management
      Articles of Association


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CENTRO PROPERTIES LTD.

Ticker:                      Security ID:  AU000000CEP9
Meeting Date: JUL 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issue of 54.5 Million Stapled     For       For        Management
      Securities


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CENTRO PROPERTIES LTD.

Ticker:                      Security ID:  AU000000CEP9
Meeting Date: SEP 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify the Issuance of 10.34 Million      For       For        Management
      Stapled Securities at AUD1.05 Per Stapled
      Security on July 25, 2003
2     Ratify the Issuance of 1.74 Million       For       For        Management
      Stapled Securities at AUD4.05 Per Stapled
      Security on July 25, 2003 Under the Terms
      of the Group's Employee Share Plan on
      July 25, 2003
3     Ratify the Issuance of 48.90 Million      For       For        Management
      Stapled Securities at AUD3.90 Per Stapled
      Security on Aug. 5, 2003


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CENTRO PROPERTIES LTD.

Ticker:                      Security ID:  AU000000CEP9
Meeting Date: OCT 24, 2003   Meeting Type: Annual
Record Date:  OCT 22, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Brian Healey as Director            For       For        Management
2b    Elect Peter Graham Goldie as Director     For       For        Management
1     Amend Articles Re: Trust Deed             For       For        Management
2a    Approve Issuance of Stapled Securities on For       For        Management
      or Before Oct. 24, 2004 Pursuant to the
      Security Purchase Plan
2b    Approve Issuance of Up to 1.2 Million     For       For        Management
      Stapled Securities to Andrew Thomas
      Scott, Chief Executive Officer


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COCA-COLA AMATIL LTD.

Ticker:                      Security ID:  AU000000CCL2
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Jillian R. Broadbent as Director    For       For        Management
2b    Elect Henry A. Schimberg as Director      For       For        Management
2c    Elect Geoffrey J. Kelly as Director       For       For        Management
3     Approve Long Term Incentive Share Plan    For       For        Management
      Grant to T. J. Davis


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COCHLEAR LTD

Ticker:                      Security ID:  AU000000COH5
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:  OCT 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Brian Anderson as Director          For       For        Management
2b    Elect Peter North as Director             For       For        Management
3     Approve Executive Long Term Incentive     For       For        Management
      Plan
4     Approve Issue of Shares to John Parker    For       For        Management
      Under the Long Term Executive Incentive
      Plan


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COLES MYER LTD.

Ticker:       CM             Security ID:  AU000000CML1
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:  OCT 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Presentations by Chairman and Chief       None      None       Management
      Executive Officer
2     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
3a    Elect Richard H. Allert as Director       For       For        Management
3b    Elect R. Keith Barton as Director         For       For        Management
3c    Elect William P. Gurry as Director        For       For        Management
3d    Elect Anthony G. Hodgson as Director      For       For        Management
3e    Elect Sandra V. McPhee as Director        For       For        Management
3f    Elect J. Michael Wemms as Director        For       For        Management
4     Approve Issuance of 1.5 Million Options   For       For        Management
      to John E. Fletcher, Managing Director
      and Chief Executive Officer


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COMMONWEALTH BANK OF AUSTRALIA

Ticker:                      Security ID:  AU000000CBA7
Meeting Date: OCT 31, 2003   Meeting Type: Annual
Record Date:  OCT 29, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect A B Daniels as Director             For       For        Management
2b    Elect W G Kent as Director                For       For        Management
2c    Elect F D  Ryan as Director               For       For        Management
2d    Elect F J Swan as Director                For       For        Management
2e    Elect S C Kay as Director                 For       For        Management
3     Approve Resolution by 104 Shareholders    Against   Against    Shareholder


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COMMONWEALTH PROPERTY OFFICE FUND

Ticker:                      Security ID:  AU000000CPA7
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 25 Percent of the  For       For        Management
      Leasehold Interest in Grosvenor Place,
      225 George Street, Sydney
2     Ratify Past Issuance of New CPA Units Via For       For        Management
      a Placement to Professional Investors on
      June 24, 2003


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COMPUTERSHARE LIMITED

Ticker:                      Security ID:  AU000000CPU5
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Chairman's Address and the Presentation   None      None       Management
      by the Chief Executive Officer
2     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
3a    Elect P J Maclagan as Director            For       For        Management
3b    Elect A N Wales as Director               For       For        Management
3c    Elect T Butler as Director                For       For        Management
3d    Elect W E Ford as Director                For       For        Management
4     Approve Increase in the Remuneration of   For       For        Management
      Non-Executive Directors in the Amount of
      AUD750,000


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CSL LTD

Ticker:                      Security ID:  AU000000CSL8
Meeting Date: OCT 16, 2003   Meeting Type: Annual
Record Date:  OCT 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect Peter H Wade as Director            For       For        Management
2b    Elect Arthur C Webster as Director        For       For        Management
3     Renew Partial Takeover Provision          For       For        Management
4     Approval of Dividend Reinvestment Plan    For       For        Management
5     Approval of Performance Rights Plan       For       For        Management
6     Approval of the Issuance of Performance   For       For        Management
      Rights to Executive Directors


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CSR LTD.

Ticker:       CSRLY          Security ID:  AU000000CSR5
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:  JUN 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Elect Carolyn Hewson as Director          For       For        Management
2.2   Elect John Wylie as Director              For       For        Management
2.3   Elect Barry Jackson as Director           For       For        Management
2.4   Elect John Story as Director              For       For        Management
1.1   Amend Articles Re: Provision for Selling  For       For        Management
      of Non-Marketable Parcels of Shares
1.2   Amend Articles Re: Renewal of             For       For        Management
      Proportional Takeover Provisions for
      Another Three Years
1.3   Amend Articles Re: Variation of the       For       For        Management
      Number of Non-Executive Directors
      Required to Retire at Each AGM


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FOSTER'S GROUP LTD (FORMERLY FOSTER'S BREWING GROUP LTD)

Ticker:       FBRWY          Security ID:  AU000000FGL6
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Further Share Repurchase        For       For        Management
      Program
2     Elect Maxwell G. Ould as Director         For       For        Management


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FOSTER'S GROUP LTD (FORMERLY FOSTER'S BREWING GROUP LTD)

Ticker:       FBRWY          Security ID:  AU000000FGL6
Meeting Date: OCT 27, 2003   Meeting Type: Annual
Record Date:  OCT 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Lyndsey Cattermole as Director      For       For        Management
2     Approve Foster's Employee Share Plans     For       For        Management
3     Approve Foster's Long Term Incentive Plan For       For        Management
4     Approve The Participation of Edward T     For       For        Management
      Kunkel, President and CEO of the Company
      in the Foster's Long Term Incentive Plan


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FUTURIS CORPORATION LTD.

Ticker:                      Security ID:  AU000000FCL5
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2.1   Elect A Salim as Director                 For       For        Management
2.2   Elect J C Fox as Director                 For       For        Management
2.3   Elect A L Newman as Director              For       For        Management
3     Approve Allotment of Options to L P       For       For        Management
      Wozniczka, Chief Executive Officer
4     Approve Allotment of Shares to L P        For       For        Management
      Wozniczka, Chief Executive Officer, in
      Lieu of Annual Incentive Payments if L P
      Wozniczka So Elects Under the Company's
      Employee Share Plan


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GENERAL PROPERTY TRUST

Ticker:                      Security ID:  AU000000GPT8
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Kenneth John Moss as Director       For       For        Management


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HARVEY NORMAN HOLDINGS LTD.

Ticker:                      Security ID:  AU000000HVN7
Meeting Date: NOV 25, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Dividend as Recommended by the    None      None       Management
      Board
3a    Elect Gerald Harvey as Director           For       For        Management
3b    Elect Raymond John Skippen as Director    For       For        Management
3c    Elect Stephen Patrick Hauville as         For       For        Management
      Director
4     Approve Remuneration of Directors in the  For       For        Management
      Amount of A$500,000 Per Annum
5     Approve Deferred Executive Incentive      For       For        Management
      Share Plan
6     Approve the Harvey Norman Executive       For       For        Management
      Option Plan
7a    Approve Issuance of 500,000 Fully Paid    For       For        Management
      Ordinary Shares to Gerald Harvey Under
      the Deferred Executive Incentive Share
      Plan
7b    Approve Issuance of 500,000 Fully Paid    For       For        Management
      Ordinary Shares to Kay Lesley Page Under
      the Deferred Executive Incentive Share
      Plan
7c    Approve Issuance of 650,000 Fully Paid    For       For        Management
      Ordinary Shares to Raymond John Skippen
      Under the Deferred Executive Incentive
      Share Plan
7d    Approve Issuance of 433,333 Fully Paid    For       For        Management
      Ordinary Shares to Stephen Patrick
      Hauville Under the Deferred Executive
      Incentive Share Plan
7e    Approve Issuance of 433,333 Fully Paid    For       For        Management
      Ordinary Shares to John Evyn Slack-Smith
      Under the Deferred Executive Incentive
      Share Plan
7f    Approve Issuance of 60,000 Fully Paid     For       For        Management
      Ordinary Shares to Arthur Bayly Brew
      Under the Deferred Executive Incentive
      Share Plan
8a    Approve Issuance of Three Million Options For       For        Management
      to Gerald Harvey
8b    Approve Issuance of Three Million Options For       For        Management
      to Kay Lesley Page
8c    Approve Issuance of 2.4 Million Options   For       For        Management
      to Raymond John Skippen
8d    Approve Issuance of 1.6 Million Options   For       For        Management
      to Stephen Patrick Hauville
8e    Approve Issuance of 1.6 Million Options   For       For        Management
      to John Evyn Slack-Smith
8f    Approve Issuance of 240,000 Options to    For       For        Management
      Arthur Bayly Brew


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ILUKA RESOURCES LTD. (FORMERLY WESTRALIAN SANDS)

Ticker:                      Security ID:  AU000000ILU1
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Richard A Tastula as Director       For       For        Management
1.2   Elect Robert L Every as Director          For       For        Management
2     Approve Increase in the Remuneration of   For       For        Management
      Directors to AUD1.1 Million Per Annum


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INSURANCE AUSTRALIA GROUP LTD(FORMERLY NRMA INSURANCE GROUP

Ticker:                      Security ID:  AU000000IAG3
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividend Reinvestment Plan        For       For        Management
2a    Ratify Past Issuance of 16,239,756 Shares For       For        Management
      at AUD 2.79 Per Share Pursuant to the
      Dividend Reinvestment Plan
2b    Ratify Past Issuance of 10,366,388 Shares For       For        Management
      at AUD 2.79 Per Share Pursuant to the
      Dividend Reinvestment Plan
3     Ratify Past Issuance of 2 Million Reset   For       For        Management
      Preference Shares at AUD 100 Per Share
4     Approve Grant of Performance Award Rights For       For        Management
      Of Up to 1.5 Million Rights to Michael
      Hawker, Chief Executive Officer
5     Amend Constitution Re: Regulatory Changes For       Against    Management
6     Amend Constitution Re: Adoption of New    For       Against    Management
      Preference Share Terms
7     Elect Neil Hamilton as Director           For       For        Management
8     Elect James Strong as Director            For       For        Management


--------------------------------------------------------------------------------

INVESTA PROPERTY GROUP (FORMERLY WESTPAC PROPERTY TRUST)

Ticker:                      Security ID:  AU000000IPG1
Meeting Date: OCT 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect S Mays as Director                  For       For        Management
2     Approve Increase in the Remuneration of   For       For        Management
      Directors by AUD400,000 to a Total of
      AUD1 Million


--------------------------------------------------------------------------------

JAMES HARDIE INDUSTRIES NV

Ticker:                      Security ID:  AU000000JHX1
Meeting Date: AUG 15, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Reelect M. Hellicar to Supervisory and    For       For        Management
      Joint Boards
2.2   Reelect M. Gillfillan to Supervisory and  For       For        Management
      Joint Boards
2.3   Elect P. Cameron to Supervisory and Joint For       For        Management
      Boards
2.4   Elect D.G. McGauchie to Supervisory and   For       For        Management
      Joint Boards
3     Authorize Cameron and McGauchie to        For       For        Management
      Participate in Supervisory Board Stock
      Purchase Plan
4     Elect F. Zwinkels to Management Board     For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Authorize US$48.4 Million Capitalization  For       For        Management
      of Reserves for an Increase in Par Value
      to Allow for Return of Capital to
      Shareholders (Item 7)
7     Approve Reduction in Capital via Lowering For       For        Management
      of Par Value by US$0.15 Per Share; Return
      Capital in the Aggregate Amount of
      US$48.4 to Shareholders
8     Authorize Members of Joint and Management For       For        Management
      Boards and De Brauw Blackstone Westbroek
      N.V. to Make Editorial Changes to Adopted
      Resolutions in Connection with
      Registration with Dutch Authorities


--------------------------------------------------------------------------------

JOHN FAIRFAX HOLDINGS LTD.

Ticker:                      Security ID:  AU000000FXJ5
Meeting Date: OCT 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Mark Burrows as Director            For       For        Management
2     Elect Roger Corbett as Director           For       For        Management
3     Elect David Gonski as Director            For       For        Management
4     Elect Margaret Jackson as Director        For       For        Management
5     Elect Ronald Walker as Director           For       For        Management
6     Approve Issuance of 110.25 Million        For       For        Management
      Ordinary Shares for a Private Placement
7     Approve the Terms of Dividend             For       For        Management
      Reinvestment Plan


--------------------------------------------------------------------------------

LEIGHTON HOLDINGS LTD.

Ticker:                      Security ID:  AU000000LEI5
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:  NOV 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Elect A Drescher as Director              For       For        Management
2.2   Elect I R Johnson as Director             For       For        Management
2.3   Elect D A Mortimer as Director            For       For        Management


--------------------------------------------------------------------------------

LEND LEASE CORPORATION LTD.

Ticker:                      Security ID:  AU000000LLC3
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect J. E. Curin as Director             For       For        Management
3     Elect G. G. Edington as Director          For       For        Management
4     Elect P. C. Goldmark as Director          For       For        Management
5     Elect R. A. Longes as Director            For       For        Management
6     Renew Partial Takeover Provision          For       For        Management
7     Approve Renewal of Non-Executive          For       For        Management
      Directors' Share Ownership Plan
8     Approve Market Share Buyback              For       For        Management


--------------------------------------------------------------------------------

LION NATHAN LTD.

Ticker:                      Security ID:  AU000000LNN6
Meeting Date: DEC 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2a    Elect Naomichi Asano as Director          For       For        Management
2b    Elect Glenn Lawrence Lord Barnes as       For       For        Management
      Director
2c    Elect Hitoshi Oshima as Director          For       For        Management
2d    Elect Yasuhiro Satoh as Director          For       For        Management
2e    Elect Barbara Kay Ward as Director        For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of NZ$ 900,000


--------------------------------------------------------------------------------

MACQUARIE BANK LTD

Ticker:                      Security ID:  AU000000MBL3
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Barrie Martin as Director           For       For        Management
3     Elect Kevin McCann as Director            For       For        Management
4     Elect Laurie Cox as Director              For       For        Management
5     Elect John Niland as Director             For       For        Management
6     Elect Peter Kirby as Director             For       For        Management
7     Approve Increase in Maximum Aggregate     For       For        Management
      Remuneration of Voting Directors in the
      Amount of AUD 1.6 Million


--------------------------------------------------------------------------------

MACQUARIE GOODMAN INDUSTRIAL TRUST(FORMERLY GOODMAN HARDIE I

Ticker:                      Security ID:  AU000000MGI8
Meeting Date: OCT 27, 2003   Meeting Type: Annual
Record Date:  OCT 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Past Issuance of 109.27 Million    For       For        Management
      MGI Units in Apr. 2003
2     Ratify Past Issuance of 43.38 Million MGI For       For        Management
      Units in Sept. 2003
3     Approve Issuance of 13.89 Million MGI     For       For        Management
      Units to Goodman Holdings
4     Approve Issuance of MGI Units to          For       For        Management
      Underwriters of the Dividend Reinvestment
      Plan


--------------------------------------------------------------------------------

MACQUARIE INFRASTRUCTURE GROUP  (INFRASTRUCTURE TRUST OF AUSTRAL

Ticker:                      Security ID:  AU000000MIG8
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Ratification of the Issue of      For       For        Management
      Conversion Rights in the Form of Options
2     Approve Issue of Fully-Paid Securities    For       For        Management
3     Amend Constitution RE: Distribution and   For       For        Management
      Dividend Reinvestment Plan
1     Approve Ratification of the Issue of      For       For        Management
      Conversion Rights in the Form of Options
2     Approve Issue of Fully-Paid Securities    For       For        Management
3     Amend Constitution RE: Distribution and   For       For        Management
      Dividend Reinvestment Plan
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect John Poulter as Director            For       For        Management
3     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Stock Dividend Program            For       For        Management
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 780,743,788
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 780,743,788
7     Approve Issue of Fully-Paid Securities    For       For        Management


--------------------------------------------------------------------------------

MAYNE GROUP LTD (FORMERLY MAYNE NICKLESS LIMITED )

Ticker:       MAYNY          Security ID:  AU000000MAY8
Meeting Date: NOV 10, 2003   Meeting Type: Annual
Record Date:  NOV 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect Peter Barnett as Director           For       For        Management
3     Elect Rowan Russel as Director            For       For        Management
4     Renew Partial Takeover Provision          For       For        Management
5     Approve Stock Option Plan Grant to S B    For       For        Management
      James


--------------------------------------------------------------------------------

MAYNE GROUP LTD (FORMERLY MAYNE NICKLESS LIMITED )

Ticker:       MAYNY          Security ID:  AU000000MAY8
Meeting Date: MAR 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Buyback of up to 180 Million      For       For        Management
      Ordinary Shares


--------------------------------------------------------------------------------

MIRVAC GROUP

Ticker:                      Security ID:  AU000000MGR9
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:  NOV 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Anna Buduls as Director             For       For        Management
2     Elect Barry Nell as Director              For       For        Management
3     Elect Robert Webster as Director          For       For        Management
4     Approve Distribution Reinvestment Plan    For       For        Management
5     Ratify Past Issuance of 49.75 Million     For       For        Management
      Fully Paid Ordinary Mirvac Group Stapled
      Securities on Feb. 18, 2003
6     Approve Increase in the Remuneration of   For       For        Management
      Non-Executive Directors to AUD600,000 Per
      Annum
7     Approve the Participation of Barry H R    For       For        Management
      Neri, Executive Director, in the Employee
      Incentive Scheme
8     Approve the Participation of Dennis J     For       For        Management
      Broil, Execuitve Director, in the
      Employee Incentive Scheme


--------------------------------------------------------------------------------

NEWCREST MINING LTD.

Ticker:                      Security ID:  AU000000NCM7
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:  OCT 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Mick O'Leary as Director            For       For        Management
2b    Elect Ian Johnson as Director             For       For        Management
2c    Elect Bryan Davis as Director             For       For        Management
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 200,000 From AUD 800,000 to AUD 1
      Million


--------------------------------------------------------------------------------

NEWS CORPORATION LTD.

Ticker:       NWS            Security ID:  AU000000NCP0
Meeting Date: OCT 15, 2003   Meeting Type: Annual
Record Date:  OCT 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Lachlan Murdoch as Director         For       For        Management
2     Elect Thomas Perkins as Director          For       For        Management
3     Elect Stanley Shuman as Director          For       For        Management
4     Elect Arthur Siskind as Director          For       For        Management
5     Approve Stock Option Plan Grants to       For       For        Management
      Executive Directors
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of Up to AUD 1.85 Million


--------------------------------------------------------------------------------

ONESTEEL

Ticker:                      Security ID:  AU000000OST6
Meeting Date: NOV 17, 2003   Meeting Type: Annual
Record Date:  NOV 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect N J Roach as Director               For       For        Management
2b    Elect P J Smedley as Director             For       For        Management
3     Approve Increase in the Remuneration of   For       For        Management
      Directors from AUD1 Million to AUD1.3
      Million Per Annum


--------------------------------------------------------------------------------

ORICA LTD. (FORMERLY ICI AUSTRALIA)

Ticker:                      Security ID:  AU000000ORI1
Meeting Date: DEC 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Catherine Walter as Director        For       For        Management
2b    Elect Peter Kirby as Director             For       For        Management
2c    Elect Michael Tilley as Director          For       For        Management


--------------------------------------------------------------------------------

ORIGIN ENERGY LIMITED

Ticker:                      Security ID:  AU000000ORG5
Meeting Date: OCT 16, 2003   Meeting Type: Annual
Record Date:  OCT 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect Helen M Nugent as Director          For       For        Management
2b    Elect H Kevin McCann as Director          For       For        Management
2c    Elect Bruce G Beeren as Director          For       For        Management
2d    Elect Colin B Carter as Director          For       For        Management
3     Approve Stock Option Plan Grant of Up to  For       For        Management
      One Million Ordinary Shares to Grant A
      King, Managing Director
4     Approve Stock Option Plan Grant of Up to  For       For        Management
      550,000 Ordinary Shares to Bruce G
      Beeren, Executive Director
5     Approve Increase in Remuneration of       For       For        Management
      Directors in the Amount of AUD 300,000 to
      AUD 950,000 Per Annum
6     Amend Articles Re: Proportional Takeover  For       For        Management
      Bids


--------------------------------------------------------------------------------

PAPERLINX LIMITED

Ticker:                      Security ID:  AU000000PPX1
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect D G Abotomey as Director            For       For        Management
2b    Elect A F Guy as Director                 For       For        Management
2c    Elect P R Waterworth as Director          For       For        Management
3     Ratify Past Issuance of Shares            For       For        Management
4a    Amend Articles Re: Three Year Terms for   For       For        Management
      Directors
4b    Amend Articles Re: Approval of Partial    For       For        Management
      Takeover Bids
4c    Amend Articles Re: Sale of Non-Marketable For       For        Management
      Parcels of Shares


--------------------------------------------------------------------------------

PATRICK CORPORATION LTD.  (FRMRLY. LANG CORPORATION)

Ticker:                      Security ID:  AU000000PRK4
Meeting Date: DEC 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of up to 3.25 Million    For       For        Management
      Convertible Notes at an Issue price of
      A$100 Each


--------------------------------------------------------------------------------

PUBLISHING AND BROADCASTING LTD.

Ticker:                      Security ID:  AU000000PBL6
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect John Alexander as Director          For       For        Management
2b    Elect Graham Cubbin as Director           For       For        Management
2c    Elect Richard Turner as Director          For       For        Management
2d    Elect Laurence Muir as Director           For       For        Management
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 650,000 from AUD 350,000 to AUD 1
      Million


--------------------------------------------------------------------------------

QBE INSURANCE GROUP LTD.

Ticker:                      Security ID:  AU000000QBE9
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect L. F. Bleasel as Director           For       For        Management
2b    Elect N. F. Greiner as Director           For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 2.2 Million Per Annum
4     Amend Constitution Re: Non-Executive      For       For        Management
      Directors' Retirement Allowances
5     Approve Issue of Conditional Rights and   For       For        Management
      Options Under the Senior Executive Equity
      Scheme to F. M. O'Halloran, Chief
      Executive Officer


--------------------------------------------------------------------------------

RINKER GROUP LTD

Ticker:                      Security ID:  AU000000RIN3
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Elect Marshall Criser as Director         For       For        Management
2.2   Elect John Arthur as Director             For       For        Management
2.3   Elect Walter Revell as Director           For       For        Management
2.4   Elect David Clarke as Director            For       For        Management


--------------------------------------------------------------------------------

RIO TINTO LTD. (FORMERLY CRA LTD.)

Ticker:                      Security ID:  AU000000RIO1
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Renewal of Share Buy-Back         For       For        Management
      Authorities
2     Approve Adoption of Executive Incentive   For       For        Management
      Plans (Mining Companies Comparative Plan
      2004 and Share Option Plan 2004)
3     Approve Awards to Directors Under         For       For        Management
      Executive Incentive and Share Savings
      Plans
4     Elect John Kerr as Director               For       For        Management
5     Elect Leigh Clifford as Director          For       For        Management
6     Elect Guy Elliot as Director              For       For        Management
7     Elect Richard Sykes as Director           For       For        Management
8     Elect Richard Giordano as Director        For       For        Management
9     Approve the Remuneration Report as Set    For       For        Management
      Out in the 2003 Annual Review and the
      2003 Annual Report and Financial
      Statements
10    Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
11    Approve the Company's Financial           For       Abstain    Management
      Statements, the Report of the Directors
      and the Report of the Auditors in the
      Year Ended Dec. 31, 2003


--------------------------------------------------------------------------------

SANTOS LTD.

Ticker:       STOSY          Security ID:  AU000000STO6
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2.1   Elect Richard Michael Harding as Director For       For        Management
2.2   Elect Judith Sloan as Director            For       For        Management
2.3   Elect Stephen Gerlach as Director         For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 1.5 Million Per Annum


--------------------------------------------------------------------------------

SONIC HEALTHCARE LIMITED

Ticker:                      Security ID:  AU000000SHL7
Meeting Date: NOV 27, 2003   Meeting Type: Annual
Record Date:  NOV 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect B Patterson as Director             For       For        Management
2     Elect C Jackson as Director               For       Against    Management
3     Elect M Robinson as Director              For       For        Management
4     Renewal of Approval of Employee Option    For       For        Management
      Plan
5     Approve Amendments to Executive Options   For       For        Management
      Issued to C Goldschmidt
6     Approve Amendments to Executive Options   For       For        Management
      Issued to C Wilks
7     Renew Partial Takeover Provision          For       For        Management


--------------------------------------------------------------------------------

SOUTHCORP HOLDINGS LTD.

Ticker:                      Security ID:  AU000000SRP7
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect T P Burnet as Director              For       For        Management
2b    Elect J W Murphy as Director              For       For        Management
2c    Elect E J J Pope as Director              For       For        Management
3     Elect R I Oatley as Director              For       For        Management
4a    Approve Issuance of Options to J C        For       For        Management
      Ballard
4b    Approve the Company Entering into the     For       For        Management
      Managing Director Share Option Deed with
      J C Ballard
5a    Approve the Allotment of Shares to T P    For       For        Management
      Burnet on the Exercise of Options
      Previously Granted
5b    Approve the Grant of Options to R P       For       For        Management
      Burnet
5c    Approve the Company Entering into the     For       For        Management
      Executive Director Share Option Deed with
      T P Burnet


--------------------------------------------------------------------------------

STOCKLAND CORPORATION LTD.(TRUST GROUP)

Ticker:                      Security ID:  AU000000SGP0
Meeting Date: OCT 20, 2003   Meeting Type: Annual
Record Date:  OCT 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect T W Williamson as Director          For       For        Management
3     Elect M J Quinn as Director               For       For        Management
4     Elect D J Fairfull as Director            For       For        Management
5     Approve Increase In Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 950,000 Per Annum From AUD 600,000
6     Approve Issuance of 60 Million Stapled    For       For        Management
      Securities at AUD 4.75 Per Stapled
      Security on Apr. 8, 2003 for a Private
      Placement
7     Approve Issuance of Approximately 228     For       For        Management
      Million Stapled Securities at AUD 5.01
      Per Stapled Security from June 12 to July
      24, 2003 Pursuant to a Takeover Bid for
      AMP Diversified Property Trust


--------------------------------------------------------------------------------

SUNCORP-METWAY LIMITED (FORMERLY METWAY LTD.)

Ticker:                      Security ID:  AU000000SUN6
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:  OCT 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect I D Blackburne as Director          For       For        Management
2b    Elect J J Kennedy as Director             For       For        Management
2c    Elect W J Bartlett as Director            For       For        Management
2d    Elect C Skilton as Director               For       For        Management
3     Approve Suncorp Metway Dividend           For       For        Management
      Reinvestment Plan


--------------------------------------------------------------------------------

TAB LIMITED

Ticker:                      Security ID:  AU000000TAB1
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect Fergus Allan McDonald as Director   For       For        Management
2b    Elect Geoffrey Wild as Director           For       For        Management


--------------------------------------------------------------------------------

TABCORP HOLDINGS LTD

Ticker:                      Security ID:  AU000000TAH8
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect A G Hodgson as Director             For       For        Management
2b    Elect R F E Warburton as Director         For       For        Management
3     Approve Amendments to the Constitution    For       For        Management
4     Approve Increase in the Remuneration of   For       For        Management
      Directors from AUD1.2 Million Per Annum
      to a Total of AUD1.5 Million Per Annum
5     Approve the TABCORP Holdings Ltd Long     For       For        Management
      Term Performance Plan
6     Approve the TABCORP Holdings Ltd Deferred For       For        Management
      Share Plan for Eligible Employees
7     Approve Participation by the Managing     For       For        Management
      Director and Chief Executive Officer in
      TABCORP Employee Share Schemes
8     Approve Exclusion of Issues Under the     For       For        Management
      Employee Share Schemes from ASX 15
      Percent Cap
9     Approve the TABCORP Holdings Limited      For       For        Management
      Dividend Reinvestment Plan


--------------------------------------------------------------------------------

TELSTRA  CORP.

Ticker:       TLS.P          Security ID:  AU000000TLS2
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:  NOV 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Chairman and CEO Presentations            None      None       Management
2a    Elect John Fletcher as Director           For       For        Management
2b    Elect Donald McGauchie as Director        For       For        Management
2c    Elect Mervyn Vogt as Director             Against   Against    Management
2d    Elect John Ralph as Director              For       For        Management
2e    Elect John Stocker as Director            For       For        Management
2f    Elect Leonard Cooper as Director          Against   Against    Management
2g    Elect Kevin Bentley as Director           Against   Against    Management
3     Approve Increase in Remuneration of       For       For        Management
      Directors in the Amount of AUD 170,000
      From AUD 1,150,000 to AUD 1,320,000
4     Amend Constitution                        For       For        Management
5     Accept Financial Statements and Statutory For       Abstain    Management
      Reports


--------------------------------------------------------------------------------

TOLL HOLDINGS LIMITED

Ticker:                      Security ID:  AU000000TOL1
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect Mark Rowsthorn as Director          For       For        Management
3     Elect Alastair Lucas as Director          For       For        Management
4     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 200,000 from AUD 800,000 to AUD 1
      Million
5     Renew Partial Takeover Provision          For       For        Management
6     Approve Issuance of 2.4 Million Shares    For       For        Management
      for a Private Placement On Apr. 15, 2003
      at an Issue Price of AUD 6.50 Per Share
7     Approve Issuance of Shares Pursuant to    For       Against    Management
      Employee Share Ownership Plan
8     Approve Issuance of Options Pursuant to   For       Against    Management
      Executive Option Plan
9     Approve Non-Executive Director Share Plan For       For        Management
10    Amend Constitution Re: Issuance of        For       For        Management
      Preference Shares With Non-Cumulative
      Dividend
11    Approve Issuance of 2.5 Million Reset     For       For        Management
      Preference Shares


--------------------------------------------------------------------------------

TRANSURBAN GROUP

Ticker:                      Security ID:  AU000000TCL6
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  NOV 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect David John Ryan as Director         For       For        Management
2b    Elect Petr Charles Byers as Director      For       For        Management
2c    Elect Laurence Grimes Cox as Director     For       For        Management
3     Approve Issuance of 750,000 Convertible   For       For        Management
      Adjusting Rate Securities (CARS) by
      Transurban CARS Trust in April 2003


--------------------------------------------------------------------------------

WESFARMERS LTD.

Ticker:                      Security ID:  AU000000WES1
Meeting Date: DEC 5, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Return of A$2.50 Per      For       For        Management
      Fully Paid Ordinary Share


--------------------------------------------------------------------------------

WESFARMERS LTD.

Ticker:                      Security ID:  AU000000WES1
Meeting Date: NOV 3, 2003    Meeting Type: Annual
Record Date:  NOV 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect P. A. Cross as Director             For       For        Management
1b    Elect T. J. Flugge as Director            For       For        Management
1c    Elect L. A. Giglia as Director            For       For        Management
1d    Elect C. Macek as Director                For       For        Management
2     Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

WESTFIELD HOLDINGS

Ticker:                      Security ID:  AU000000WSF8
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Constitution Amendment Resolution For       For        Management
2     Approve Stapling Deed Resolution          For       For        Management


--------------------------------------------------------------------------------

WESTFIELD HOLDINGS

Ticker:                      Security ID:  AU000000WSF8
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Carla Zampatti as Director          For       For        Management
3     Elect Robert Ferguson as Director         For       For        Management
4     Elect David Lowy as Director              For       For        Management
5     Elect Frank Lowy as Director              For       Against    Management


--------------------------------------------------------------------------------

WESTFIELD HOLDINGS

Ticker:                      Security ID:  AU000000WSF8
Meeting Date: JUN 25, 2004   Meeting Type: Court
Record Date:  JUN 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Share Scheme Resolution           For       For        Management


--------------------------------------------------------------------------------

WESTFIELD TRUST

Ticker:                      Security ID:  AU000000WFT6
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Amendments to Constitution        For       Did Not    Management
                                                          Vote
2     Approve Merger                            For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

WMC RESOURCES LTD

Ticker:                      Security ID:  AU000000WMR6
Meeting Date: APR 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect P J Knight as Director              For       For        Management
1b    Elect I E Webber as Director              For       For        Management
1c    Elect G W McGregor as Director            For       For        Management
1d    Elect G J Pizzey as Director              For       For        Management


--------------------------------------------------------------------------------

WOODSIDE PETROLEUM LTD.

Ticker:                      Security ID:  AU000000WPL2
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2a    Elect Rory Edward Stanley Argyle as       For       For        Management
      Director
2b    Elect Charles Barrington Goode as         For       For        Management
      Director
2c    Elect Peter Maas van Rossum as Director   For       For        Management
3     Approve Restructuring of Remuneration of  For       For        Management
      Directors
4     Approve Directors' Deeds                  For       For        Management
5     Adopt New Constitution                    For       For        Management


--------------------------------------------------------------------------------

WOOLWORTHS LTD.

Ticker:                      Security ID:  AU000000WOW2
Meeting Date: NOV 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect J. A. Strong as Director            For       For        Management
2b    Elect R. S. Deane as Director             For       For        Management
3     Amend Constitution                        For       For        Management




======================= ISHARES MSCI AUSTRIA INDEX FUND ========================


AUSTRIAN AIRLINES

Ticker:                      Security ID:  AT0000620158
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
3     Approve Remuneration of Directors         For       For        Management
4     Ratify Auditors                           For       For        Management
5     Report Regarding Inventory of Shares      None      Abstain    Management
6     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
7     Elect Supervisory Board Members           For       For        Management


--------------------------------------------------------------------------------

BANK AUSTRIA CREDITANSTALT

Ticker:                      Security ID:  AT0000995006
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.02 per Share
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital for
      Trading Purposes
5     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

BBAG OESTERREICHISCHE BRAU-BETEILIGUNGS (FRMLYOESTERREICHISCHE BRAU-BETEILIGUNGS

Ticker:                      Security ID:  AT0000910997
Meeting Date: NOV 5, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Supervisory Board                   For       For        Management
2     Amend Articles Re: Board Remuneration     For       Against    Management
3A    Amend Articles Re: Election of Management For       Against    Management
      Board Members
3B    Amend Articles Re: Supervisory Board      For       Against    Management
      Structure, Responsibilities, and
      Establishment of Committees


--------------------------------------------------------------------------------

BOEHLER-UDDEHOLM AG

Ticker:                      Security ID:  AT0000903851
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors         For       For        Management
5     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

BWT AG

Ticker:                      Security ID:  AT0000737705
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Supervisory Board Liability and   For       Against    Management
      Indemnification
5     Ratify Auditors                           For       For        Management
6     Amend Articles Re: Remove Option to       For       For        Management
      Reduce offer Price in Connection with
      Takeover Bid


--------------------------------------------------------------------------------

CA IMMOBILIEN ANLAGEN

Ticker:                      Security ID:  AT0000641352
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors in the  For       For        Management
      Amount of EUR 27,750
5     Elect Gerhard Nidetzky and Christian      For       For        Management
      Nowotny to the Supervisory Board
6     Ratify KPMG Alpen-Treuhand GmbH as        For       For        Management
      Auditors
7     Approve Creation of EUR 105 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
8     Authorize Repurchase of Up to Ten Percent For       Against    Management
      of Issued Share Capital for Issuance to
      Management Board Members and Key
      Employees
9     Amend Articles Re: Takeover Provisions    For       For        Management


--------------------------------------------------------------------------------

ERSTE BANK DER OESTER SPARK

Ticker:                      Security ID:  AT0000652011
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3.a   Approve Discharge of Management Board     For       For        Management
3.b   Approve Discharge of Supervisory Board    For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Ratify Auditors                           For       For        Management
7     Approve Spin-Off Agreement of             For       For        Management
      FINAG-Holding AG
8     Approve EUR 43.9 Million Capitalization   For       For        Management
      of Reserves
9     Approve 4:1 Stock Split                   For       For        Management
10    Approve Creation of EUR 16.7 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital for Trading
      Purposes
12    Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
13    Amend Articles                            For       For        Management


--------------------------------------------------------------------------------

FLUGHAFEN WIEN AG

Ticker:                      Security ID:  AT0000911805
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors         For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

GENERALI HOLDING VIENNA AG

Ticker:                      Security ID:  AT0000661350
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Cancel 2000 Authorization to Issue Shares For       For        Management
5     Approve Creation of EUR 30 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
6     Amend Articles to Reflect Changes in      For       Against    Management
      Capital
7     Elect Supervisory Board Members           For       For        Management


--------------------------------------------------------------------------------

IMMOFINANZ IMMOBILIEN ANLAGEN AG

Ticker:                      Security ID:  AT0000809058
Meeting Date: SEP 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management and       For       Did Not    Management
      Supervisory Board                                   Vote
4     Ratify Auditors                           For       Did Not    Management
                                                          Vote
5     Approve Creation of EUR 87 Million Pool   For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
6     Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
7     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
8     Amend Articles Re: Takeover Regulations   For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

LENZING AG

Ticker:                      Security ID:  AT0000644505
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Elect Supervisory Board Members           For       For        Management
5     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

MAYR MELNHOF KARTON AG

Ticker:                      Security ID:  AT0000938204
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
6     Ratify Auditors                           For       Did Not    Management
                                                          Vote
7     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote


--------------------------------------------------------------------------------

OESTERREICHISCHE ELEKTRIZITAETSWIRTSCHAFTS-AG (VERBUND)

Ticker:                      Security ID:  AT0000746409
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.00 per Share
3     Approve Discharge of Management and       For       For        Management
      Supervisory Board
4     Ratify Auditors                           For       For        Management
5     Amend Articles                            For       For        Management
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

RHI AG (FM. RADEX HERAKLITH INDUSTRIEBETEILIGUNGS AG)

Ticker:                      Security ID:  AT0000676903
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors         For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

TELEKOM AUSTRIA

Ticker:                      Security ID:  AT0000720008
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management and       For       Did Not    Management
      Supervisory Boards                                  Vote
4     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
5     Ratify Auditors                           For       Did Not    Management
                                                          Vote
6     Amend Articles Re: Management Board       For       Did Not    Management
      Structure                                           Vote
7     Approve Creation of EUR 109.1 Million     For       Did Not    Management
      Pool of Conditional Capital without                 Vote
      Preemptive Rights
8     Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached                 Vote
      without Preemptive Rights; Approve
      Creation of EUR 109.1 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
9     Receive Report Regarding Share Repurchse  None      Did Not    Management
      Scheme                                              Vote
10    Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote


--------------------------------------------------------------------------------

VA TECHNOLOGIE

Ticker:                      Security ID:  AT0000937453
Meeting Date: SEP 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Remove Existing Supervisory Board Members None      Against    Shareholder
2     Elect Supervisory Board Members           None      Against    Shareholder
3     Receive Semi-Annual Management Board      None      Abstain    Shareholder
      Report
4     Resolution Regarding Costs Associated     None      Against    Shareholder
      with EGM


--------------------------------------------------------------------------------

VA TECHNOLOGIE

Ticker:                      Security ID:  AT0000937453
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Ratify Auditors                           For       For        Management
6     Elect Supervisory Board Members           For       For        Management
7     Approve Creation of EUR 49,073 Pool of    For       For        Management
      Conditional Capital with Preemptive
      Rights
8     Approve Issuance of 750,000 Bearer Shares For       For        Management
      to Fulfil Option for Allotment of
      Additional Shares Granted to Consortium
      of Banks (Greenshoe)
9     Amend Articles                            For       For        Management
10    Authorize Repurchase of 780,000 Shares    For       For        Management
      for Issuance to Management Board Members
      and Key Employees


--------------------------------------------------------------------------------

VOEST ALPINE AG (FORMERLY VOEST-ALPINE STAHL AG)

Ticker:                      Security ID:  AT0000937503
Meeting Date: JUL 1, 2003    Meeting Type: Annual
Record Date:  JUN 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Approve Remuneration of Directors         For       For        Management
6     Ratify Auditors                           For       For        Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights


--------------------------------------------------------------------------------

WIENERBERGER  AG (FM. WIENERBERGER BAUSTOFFINDUSTRIE AG)

Ticker:                      Security ID:  AT0000831706
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Ratify Auditors                           For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Amend Articles Re; Takeover Provisions    For       Against    Management
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Approve Stock Option Plan for Key         For       Against    Management
      Employees; Approve Creation of EUR 1
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights
9     Approve Creation of EUR 31.6 Million Pool For       For        Management
      of Conditional Capital without Preemptive
      Rights




======================= ISHARES MSCI BELGIUM INDEX FUND ========================


AGFA GEVAERT NV

Ticker:                      Security ID:  BE0003755692
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Renew Authorization to Issue Shares to    For       For        Management
      Increase Share Capital within the
      Framework of Authorized Capital without
      Preemptive Rights for Period of Five
      Years
2     Renew Authorization to Issue Shares in    For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
3     Authorize Cancellation of 11,200,000      For       For        Management
      Repurchased Shares
4     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
5     Authorize Two Directors to Carry Out      For       For        Management
      Legal Formalities


--------------------------------------------------------------------------------

AGFA GEVAERT NV

Ticker:                      Security ID:  BE0003755692
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Financial Statements              For       Abstain    Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 per Share
4     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory Reports
5     Approve Discharge of Directors and        For       For        Management
      Auditors
6     Approve KPMG as Auditors and Fix Their    For       For        Management
      Remuneration at EUR 345,388 Annually
7     Appoint Barnells, Buttrick, Cornu,        For       Against    Management
      Haymon, Oosterlinck, Van Miert, and von
      Kyaw as Independent Directors in
      Accordance with the Requirements of the
      Belgian Companies Code
8     Amend Articles of Association Re:         For       For        Management
      Change-in-control Provision


--------------------------------------------------------------------------------

ALMANIJ N.V.

Ticker:                      Security ID:  BE0003703171
Meeting Date: JUN 2, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report on Proposed     None      Abstain    Management
      Share Issuance
2     Authorize Board to Issue Shares in the    For       Against    Management
      Event of a Public Tender Offer or Share
      Exchange Offer
3     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
4     Amend Articles Re: Require AGM to be Held For       For        Management
      on Last Wednesday of May
5     Amend Articles Re: Distribution of        For       Against    Management
      Balance
6     Authorize Board to Ratify and Execute     For       Against    Management
      Approved Resolutions


--------------------------------------------------------------------------------

ALMANIJ N.V.

Ticker:                      Security ID:  BE0003703171
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Reports                None      Abstain    Management
2     Receive Auditors' Reports                 None      Abstain    Management
3     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory Reports (Non-Voting)
4     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Gross Dividends in the
      Amount of EUR 1.50 Per Share
5     Approve Discharge of Directors            For       For        Management
6     Approve Discharge of Auditors             For       For        Management
7.1   Elect Germain Vantieghem as Directors     For       For        Management
7.2   Elect Lode Morlion as Directors           For       For        Management
7.3   Receive Announcement of Retirement of Gui None      None       Management
      de Vaucleroy as Director
7.4   Ratify Philippe Naert and Dirk Heremans   For       Against    Management
      as Independent Directors in Accordance
      with the Requirements of the Belgian
      Companies Code
7.5   Reelect Paul Bostoen, Rik Donckels, Alain For       For        Management
      Tydgadt, and Guido Van Roey as Directors
8     Reelect Ernst & Young as Auditors         For       For        Management
      (Represented by D. Vermaelen and/or J.
      Romont); Fix Remuneration at EUR 29,000
      Per Auditor or EUR 58,000 for Board of
      Auditors
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Allow Questions                           None      None       Management


--------------------------------------------------------------------------------

BARCO NV

Ticker:                      Security ID:  BE0003790079
Meeting Date: MAY 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Board's and Auditor's reports in  None      Abstain    Management
      implementation of articles 583, 586 and
      598 to motivate the issue of options and
      proposed suppressions in favor of
      personnel.
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
3     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
4     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital by Company's
      Direct Affiliates
5     Change the date of AGM to the first       For       For        Management
      Wednesday following May 1 at 5pm
6     Amend Articles 14 and 29 Re: Acquisition  For       Against    Management
      of own Shares, AGM Date, Rewording of
      Board Committee's Title
7     Approve Stock Option Plan for Senior      For       For        Management
      Personnel
8     Approve Issuance of up to 400,000 Shares  For       For        Management
      Pursuant to Share Option Plan
9     Authorize Issuance of Equity without      For       For        Management
      Preemptive Rights Pursuant to Share
      Option Plan
10    Authorize Board to Issue up to 400,000    For       For        Management
      Options Pursuant to Share Option Plan
11    Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

BARCO NV

Ticker:                      Security ID:  BE0003790079
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Accept Financial Statements               For       Abstain    Management
3     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory Reports
4     Approve Discharge of Directors and the    For       For        Management
      Statutory Auditor
5a    Approve Increase in Size of Board from 9  For       For        Management
      to 10 Members and Reappoint Josef Cornu,
      Philippe Naert, Erik Van Zele, and Robert
      J. Verhoeven as Independent Directors
5b    Elect Jan P. Oosterveld as Director       For       For        Management
5c    Approve aggregate remuneration of Board   For       For        Management
      at EUR 1,850,000 for the year 2004
5d    Confirm that according to article 27 of   For       For        Management
      the bylaws, the company shall be validly
      represented in court and for all
      extra-judicial purposes by two directors,
      acting jointly


--------------------------------------------------------------------------------

BEKAERT S.A.

Ticker:                      Security ID:  BE0003780948
Meeting Date: APR 14, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Amend Articles Re: Board Committees       For       For        Management
3     Renew Authorization to Issue Shares to    For       Against    Management
      Increase Share Capital within the
      Framework of Authorized Capital up to EUR
      170 Million for Period of Five Years;
      Authorize Board to Issue Shares in the
      Event of a Public Tender Offer or Share
      Exchange Offer
4     Amend Articles Re: General Matters        For       For        Management
5     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

BEKAERT S.A.

Ticker:                      Security ID:  BE0003780948
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1,748 (Gross)per Share
4     Approve Discharge of Directors and        For       For        Management
      Auditors
5     Fix Number of Directors at 14             For       For        Management
6.1   Reelect Pol Bamelis as Independent        For       For        Management
      Director
6.2   Reelect Roger Dalle, Francois de          For       For        Management
      Visscher, and Baudouin Velge as Directors
6.3   Elect Sir Anthony Galsworthy as           For       For        Management
      Independent Director
6.4   Elect Bernadr van de Walle de Ghelcke as  For       For        Management
      Director
6.5   Confirm Gary Allen and Baron Georges      For       Against    Management
      Jacobs as Independent Directors as
      Required by Belgian Companies Code
7     Reappoint Deloitte & Partners as Auditors For       For        Management
8     Approve Remuneration of Directors and     For       For        Management
      Auditors
9     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory Reports
10    Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

COFINIMMO

Ticker:                      Security ID:  BE0003593044
Meeting Date: APR 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize New Class of Preferred Stock    For       For        Management
2.1   Amend Articles of Association Re: Fix     For       For        Management
      AMount of Authorized Share Capital at EUR
      472,709,012.33
2.2   Amend Articles of Association Re: All     For       For        Management
      Increases in Share Capital Realized
      Through Issuances of Ordinary Shares
2.3   Amend Articles of Association Re: Forms   For       For        Management
      of Issued Shares
2.4   Amend Articles of Association Re:         For       For        Management
      Categories of Issued Shares
2.5   Amend Articles of Association Re:         For       For        Management
      Preferred Shares
2.6   Amend Articles of Association Re:         For       For        Management
      Reference to 'Commission bancaire et
      financiere' Replaced by 'Commission
      bancaire, financiere et des assurances'
2.7   Amend Articles of Association Re: Voting  For       For        Management
      Rights of Ordinary and Preferred Shares
2.8   Amend Articles of Association Re:         For       For        Management
      Supermajority of 75 Percent
2.9   Amend Articles of Association Re:         For       For        Management
      Residual Capital Distribution Claims of
      Preferred Shareholders in Liquidation
3.1   Approve Merger by Absorption of Assets of For       For        Management
      Belgian Office Properties SA
3.2   Approve Issuance of Maximum of 702,517    For       For        Management
      Preferred Shares in Connection with
      Absorption of Assets of Belgian Office
      Properties
3.3   Amend Articles of Association Re: Share   For       For        Management
      Capital Increase in Connection with
      Absorption of Assets of Belgian Office
      Properties
3.4   Confirm That Approval of Aforementioned   For       For        Management
      Resolutions Are Subject to Approval of
      Belgian Office Properties Shareholders
4.1   Approve Merger by Absorption of Assets of For       For        Management
      Benelux Immo-Loi SA
4.2   Approve Issuance of Maximum of 688,476    For       For        Management
      Ordinary Shares in Connection with
      Absorption of Assets of Benelux Immo-Loi
4.3   Amend Articles of Association Re: Share   For       For        Management
      Capital Increase in Connection with
      Absorption of Assets of Benelux Immo-Loi
4.4   Confirm That Approval of Aforementioned   For       For        Management
      Resolutions Are Subject to Approval of
      Benelux Immo-Loi Shareholders
5.1   Authorize Board to Issue Preferred Shares For       For        Management
      from the Pool of Conditional Capital
5.2   Amend Articles of Association Re: Share   For       For        Management
      Issuances to Remunerate Acquisitions
5.3   Amend Articles of Association Re: Share   For       For        Management
      Issuances to Remunerate Acquisitions
      Applicable to Both Ordinary and Preferred
      Shares
5.4   Renew Authorization to Issue Shares to    For       For        Management
      Increase Share Capital within the
      Framework of Authorized Capital without
      Preemptive Rights for Period of Five
      Years
5.5   Amend Articles to Reflect Changes in      For       For        Management
      Capital
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

COFINIMMO

Ticker:                      Security ID:  BE0003593044
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report Re: Financial   None      Abstain    Management
      Statements and Consolidated Financial
      Statements
2     Receive Auditors' Report Re: Financial    None      Abstain    Management
      Statements and Consolidated Financial
      Statements
3     Accept Financial Statements               For       Abstain    Management
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Approve Discharge of Directors            For       For        Management
6     Approve Change of Control Provisions in   For       For        Management
      Company's Loan Agreements in Accordance
      with Article 556 of Companies Code
7     Approve Discharge of Auditors             For       For        Management
8     Reelect Eric De Vocht, Johannes           For       For        Management
      Frederikus Lisman, and Guido Roelandt as
      Directors, and Elect Xavier de Walque as
      Director and Gilbert van Marcke de Lummen
      as Independent Director
9     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

COLRUYT SA

Ticker:                      Security ID:  BE0003775898
Meeting Date: SEP 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports, None      Abstain    Management
      and Report of Business Council
2a    Accept Financial Statements for the Year  For       Abstain    Management
      Ended March 31, 2003
2b    Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Profit Participation of Employees For       Against    Management
      Through Allotment of Repurchased Shares
5     Approve Discharge of Directors            For       For        Management
6     Approve Discharge of Auditors             For       For        Management
7     Ratify Appointment of J. Vanderbruggen to For       For        Management
      Represent Auditors CVBA Klynveld Peat
      Marwick Goerdeler
8     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

COLRUYT SA

Ticker:                      Security ID:  BE0003775898
Meeting Date: OCT 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of 200,000 Shares        For       For        Management
      Pursuant to Colruyt Employee Share
      Purchase Plan
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

COLRUYT SA

Ticker:                      Security ID:  BE0003775898
Meeting Date: FEB 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cancellation of 2.9 Million       For       For        Management
      Shares
2     Amend Articles of Association to Reflect  For       For        Management
      References of Current Articles of
      Companies Code


--------------------------------------------------------------------------------

D'IETEREN

Ticker:                      Security ID:  BE0003669802
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income
3.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
3.2   Authorize Company Subsidiary to Purchase  For       For        Management
      Shares in Parent
4     Reelect Christian Varin, S.A. de          For       For        Management
      Participations et de Gestion (Represented
      by Patrick Peltzer), and Nayarit
      Participations (Represented by Etienne
      Heilporn) as Directors; Elect Pascal
      Minne, Yves Brasseur and Alain Philippson
      as Independent Directors
5     Approve Discharge of Directors and        For       For        Management
      Auditors


--------------------------------------------------------------------------------

D'IETEREN

Ticker:                      Security ID:  BE0003669802
Meeting Date: MAY 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Creation of EUR 60 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
2     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

DELHAIZE GROUP (FORMERLY DELHAIZE LE LION)

Ticker:                      Security ID:  BE0003562700
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Reports                None      Abstain    Management
2     Receive Auditors' Reports                 None      Abstain    Management
3     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory  Reports (Non-Voting)
4     Approve Financial Statements; Approve     For       Abstain    Management
      Allocation of Income and Dividends of EUR
      1 per Share
5     Approve Discharge of Directors            For       For        Management
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of EUR 70,000 per Year (EUR
      140,000 for Chairman of Board); Approve
      Additional Remuneration of EUR 10,000 per
      Year for Committee Chairman
7     Approve Discharge of Auditors             For       For        Management
8.1   Reelect Baron Gue de Vaucleroy as         For       For        Management
      Director
8.2   Reelect Count Goblet d'Alviella as        For       For        Management
      Director
8.3   Reelect Robert Murray as Director         For       For        Management
8.4   Reelect William Roper as Director         For       For        Management
8.5   Reelect Edward Neville Isdell as Director For       For        Management
9.1   Appoint Baron de Cooman d'Herlinckhove as For       Against    Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.2   Appoint Count de Pret Roose de Calesberg  For       For        Management
      as Independent Director in Accordance
      with the Requirements of the Belgian
      Companies Code
9.3   Appoint Baron George Jacobs as            For       For        Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.4   Appoint Didier Smits as Independent       For       Against    Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.5   Appoint Philippe Stroobant as Independent For       Against    Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.6   Appoint Frans Vreys as Independent        For       For        Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.7   Appoint Baron Gui de Vaucleroy as         For       Against    Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.8   Appoint Count Goblet d'Alviella as        For       For        Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.9   Appoint Robert Murray as Independent      For       For        Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.10  Appoint Edward Neville Isdell as          For       For        Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.11  Appoint William Roper as Independent      For       For        Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
10    Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer


--------------------------------------------------------------------------------

DELHAIZE GROUP (FORMERLY DELHAIZE LE LION)

Ticker:                      Security ID:  BE0003562700
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect William Roper as Director           For       For        Management
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
3     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

DELHAIZE GROUP (FORMERLY DELHAIZE LE LION)

Ticker:                      Security ID:  BE0003562700
Meeting Date: MAY 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

DEXIA

Ticker:                      Security ID:  BE0003796134
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements               For       Abstain    Management
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.53 per Share
3     Approve Discharge of Directors            For       For        Management
4     Approve Discharge of Auditors             For       For        Management
5     Elect Jan Renders as Director             For       For        Management
6     Elect Francis Mayer as Director           For       For        Management
7     Elect Anne-Marie Idrac as Director        For       For        Management
8     Confirm Nine Directors as Independent     For       Against    Management
      Directors in Accordance with the
      Requirements of the Belgian Companies
      Code
9     Approve Grant of Shares to Employees      For       For        Management
      under Shareholding Plan


--------------------------------------------------------------------------------

DEXIA

Ticker:                      Security ID:  BE0003796134
Meeting Date: MAY 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
3     Approve Cancellation of Company's         For       For        Management
      Repurchased Shares
4     Authorize Board to Issue Shares in the    For       Against    Management
      Event of a Public Tender Offer or Share
      Exchange Offer
5     Approve Issuance of Warrants Pursuant to  For       For        Management
      2004 Employee Shareholding Plan
6     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

ELECTRABEL

Ticker:                      Security ID:  BE0003637486
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 15 per Share
3     Approve Discharge of Directors and        For       For        Management
      Auditors
4.1   Reelect Jean-Pierre Hansen as Director    For       For        Management
4.2   Elect Patrick Buffet as Director          For       For        Management
4.3   Elect Gerard Lamarche as Director         For       For        Management
4.4   Appoint Tony Vandeputte as Independent    For       Against    Management
      Director


--------------------------------------------------------------------------------

ELECTRABEL

Ticker:                      Security ID:  BE0003637486
Meeting Date: JAN 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Confirm Lutgart Van de Berghe, Baron      For       Against    Management
      Croes, Baron van Gysel de Meise as
      Independent Directors as Required by
      Belgian Companies Code


--------------------------------------------------------------------------------

ELECTRABEL

Ticker:                      Security ID:  BE0003637486
Meeting Date: JUL 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report Regarding End of Joint     None      Did Not    Management
      Venture CPTE, Between Electrabel and SPE            Vote
2     Receive Directors' Report                 None      Did Not    Management
                                                          Vote
3     Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
4     Approve Absorption of Assets and          For       Did Not    Management
      Liabilities of CPTE by Electrabel and SPE           Vote
5     Approve Issuance of 18 Shares to          For       Did Not    Management
      Laborelec in Connection with End of Joint           Vote
      Venture CPTE
6     Receive Report Regarding Terms of         None      Did Not    Management
      Absorption                                          Vote
7     Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote


--------------------------------------------------------------------------------

ELECTRABEL

Ticker:                      Security ID:  BE0003637486
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
2     Amend Articles of Association Re: Board   For       For        Management
      Meeting Minutes


--------------------------------------------------------------------------------

FORTIS SA/NV (FRMLY FORTIS B (FORMERLY FORTIS AG ))

Ticker:                      Security ID:  BE0003801181
Meeting Date: MAY 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2.1   Accept Financial Statements               For       Abstain    Management
2.2   Approve Dividends in the Amount of EUR    For       For        Management
      0.92 Per Share
2.3   Approve Discharge of Directors and        For       For        Management
      Auditors
3     Discussion about Company's Corporate      None      None       Management
      Governance Report
4.1   Reelect Anton van Rossum, Jan-Michiel     For       For        Management
      Hessels, and Baron Piet Van Waeyenberge
      to Management Board
4.2   Elect Phlippe Bodson, Richard Delbridge,  For       For        Management
      Jacques Manardo, Ronald Sandler, and Rana
      Talwar to Management Board
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Amend Articles Re: Composition and Powers For       For        Management
      of Main Corporate Bodies; Compliance with
      Dutch Corporate Governance Code; Other
      Amendments
7     Close Meeting                             For       For        Management


--------------------------------------------------------------------------------

FORTIS SA/NV (FRMLY FORTIS B (FORMERLY FORTIS AG ))

Ticker:                      Security ID:  BE0003801181
Meeting Date: MAY 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Amend Articles of Association Re: General For       For        Management
      Matters


--------------------------------------------------------------------------------

GROUPE BRUXELLES LAMBERT

Ticker:                      Security ID:  BE0003797140
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Accept Financial Statements and Approve   For       Abstain    Management
      Allocation of Income
3     Approve Discharge of Directors            For       For        Management
4     Approve Discharge of Auditors             For       For        Management
5.1   Reelect Jean-Louis Beffa, VIctor Delloye, For       For        Management
      Maurice Lippens, Aimery
      Langlois-Meurinne, Michel Plessis-Belair,
      Amaury Daniel de Seze, and Jean Stephanne
      as Directors
5.2   Elect Arnaud Vial as Director             For       For        Management
5.3   Appoint Beffa, Lippens, and Stephenne as  For       Against    Management
      Independent Directors in Accordance with
      the Requirements of the Belgian Companies
      Code
5.4   Approve Reappointment of Deloitte and     For       For        Management
      Touche as Statutory Auditor and Set Its
      Yearly Remuneration at EUR 70,000
6     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

GROUPE BRUXELLES LAMBERT

Ticker:                      Security ID:  BE0003797140
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1A    Receive Directors' Special Report         None      Abstain    Management
      Regarding Plans to Increase Share Capital
      within the Framework of Authorized
      Capital
1B    Renew Authorization to Increase Share     For       For        Management
      Capital within the Framework of
      Authorized Capital up to EUR 125 Million
      for Period of Five Years
1C    Authorize Board to Restrict or Cancel     For       For        Management
      Preemptive Rights
1D    Authorize Board to Amend Articles to      For       For        Management
      Reflect Changes in Capital
1E    Authorize Board to Issue Shares in the    For       Against    Management
      Event of a Public Tender Offer or Share
      Exchange Offer
1F    Authorize Board to Effect Share Capital   For       For        Management
      Increase with Issue Premium by Using a
      Special Blocked Account to Provide Third
      Parties with a Guarantee as to Company's
      Actual Share Capital
1G    Amend Articles to Reflect Changes in      For       For        Management
      Capital
1H    Renew Authorization to Increase Share     For       For        Management
      Capital Through Issuance of
      Warrants/Convertible Bonds with or
      without Preemptive Rights within the
      Framework of Authorized Capital up to EUR
      125 Million for Period of Five Years
1I    Authorize Board to Adopt Text of Articles For       For        Management
      After Each Increase in Capital
1J    Authorize Board to Effect Share Capital   For       For        Management
      Increase with Issue Premium by Using a
      Special Blocked Account to Provide Third
      Parties with a Guarantee as to Company's
      Actual Share Capital
1K    Amend Articles Re: Issuance of            For       For        Management
      Warrants/Convertible Bonds
1L    Approve Increase in Share Capital by EUR  For       For        Management
      4,859,676.17 within the Framework of
      Authorized Capital up to EUR 125 Million
      Pursuant to Exercise of 240,118 Stock
      Options
2A    Authorize Repurchase and Cancelation of   For       For        Management
      Up to 13,830,005 of Issued Share Capital
2B    Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
2C    Authorize Board to Cancel Repurchased     For       Against    Management
      Shares in the Event of a Public Tender
      Offer or Share Exchange Offer
2D    Amend Articles to Reflect Modifications   For       For        Management
      under Share Repurchase Authority
3     Amend Articles Re: Recend Changes in      For       For        Management
      Legislation
4     Amend Articles Re: General Matters        For       For        Management
5     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

INTERBREW

Ticker:                      Security ID:  BE0003793107
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Receive Consolidated Financial Statements None      Abstain    Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.36 per Share
5     Approve Discharge of Directors            For       For        Management
6     Approve Discharge of Statutory Auditor    For       For        Management
7A    Reelect Alexandre Van Damme as Director   For       For        Management
7B    Reelect Philippe de Spoelberch as         For       For        Management
      Director
7C    Reelect Remmert Laan as Director          For       For        Management
7D    Reelect Jean-Luc Dehaene as Independent   For       For        Management
      Director
7E    Reelect Bernard Hanon as Independent      For       For        Management
      Director
8     Approve Reappointment of KPMG as          For       For        Management
      Statutory Auditor and Set Its Yearly
      Remuneration at EUR 57,717
9     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

INTERBREW

Ticker:                      Security ID:  BE0003793107
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Allow Board to Delegate Powers with       For       For        Management
      Regard to the Above Item to Secretary
      General
3.1   Receive Board's Special Report on         None      Abstain    Management
      Issuance of 5,000,000 Subscription Rights
      Presented in Accordance with Requirements
      of Article 583 of Companies Code
3.2   Receive Board's and Auditor's Special     None      Abstain    Management
      Reports on Cancellation of Preemptive
      Rights as Required by Articles 596 and
      598 of Companies Code
3.3   Approve Cancellation of Preemptive Rights For       For        Management
      with Regard to Issuance of Subscription
      Rights in Favor of Senior Management and
      Directors
3.4   Approve Grants of 5,000,000 Subscription  For       For        Management
      Rights
3.5   Approve Issuance of Shares and Increase   For       For        Management
      in Share Capital Pursuant to Exercise of
      Subscription Rights Referred to Above
4.1   Authorize Company's Human Resources and   For       For        Management
      Nominating Committee to Determine the
      Identity of the Recipients and the Number
      of Offered Subscription Rights
4.2   Authorize Two Directors to Ratify and     For       For        Management
      Execute Approved Resolutions and to File
      Required Documents/Other Formalities


--------------------------------------------------------------------------------

MOBISTAR SA

Ticker:                      Security ID:  BE0003735496
Meeting Date: DEC 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Brigitte Bourgoin as Director;      For       For        Management
      Confirm Resignation of Former Directors;
      Elect S. Ahuja, T. Lowry, R. Brennan, L.
      Tordeurs, and A. Neyts as Directors;
      Reelect A. Brabers and Sparaxis SA as
      Directors
2     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

MOBISTAR SA

Ticker:                      Security ID:  BE0003735496
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Accept Financial Statements and           For       Abstain    Management
      Allocation of Income
4     Approve Discharge of Directors and        For       For        Management
      Auditors
5     Amend Articles Re: Board Committees       For       For        Management
6     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUN 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Authorize Board to Issue Shares in the    For       Against    Management
      Event of a Public Tender Offer or Share
      Exchange Offer
1.2   Amend Articles of Association to Reflect  For       Against    Management
      Item 1.1
2.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2.2   Amend Articles of Association to Reflect  For       For        Management
      Item 2.1
3.1   Receive Directors' Report on Issuance of  None      Abstain    Management
      10,000 Warrrants
3.2   Receive Directors' and Auditors' Reports  None      Abstain    Management
      on Issuance of 10,000 Warrrants
3.3   Authorize Issuance of Warrants without    For       For        Management
      Preemptive Rights to Directors (Duplat,
      Graulich and Laureys)
3.4   Authorize Issuance of 10,000 Warrants     For       For        Management
      without Preemptive Rights to Directors
      (Duplat, Graulich and Laureys)
3.5   Approve Terms and Conditions of Warrants  For       For        Management
      Issuance
4     Authorize Board to Implement Approved     For       For        Management
      Resolutions
5.1   Designate Notary to Adopt New Articles of For       For        Management
      Association
5.2   Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUL 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association Re:         For       Did Not    Management
      Editorial Changes, Composition of the               Vote
      Board, Board Committees, General
      Meetings, Registration Date, and
      Attendance at General Meetings
2     Amend Articles Re: Editorial Changes, Use For       Did Not    Management
      of Electronic Media at Board Meetings,              Vote
      and Publication of Meeting Notices
3     Approve Share Repurchase Program,         For       Did Not    Management
      Cancellation of Treasury Shares, and                Vote
      Amend Articles of Associations
      Accordingly
4     Appoint Notary to Coordinate Articles of  For       Did Not    Management
      Association and Authorize Martine                   Vote
      Driegelinck to Carry Out Legal
      Formalities


--------------------------------------------------------------------------------

SOLVAY S.A.

Ticker:                      Security ID:  BE0003470755
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Dividends in the Amount of
      EUR 2.40 Per Share
3     Approve Discharge of Directors and        For       For        Management
      Auditors
4.1   Reelect Daniel Jansen, Dene Degreve,      For       For        Management
      Jurgen Ernst and Jean van Zeebroeck as
      Directors
4.2   Confirm Jean van Zeebroeck as Independent For       Against    Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
5.1   Ratify Deloitte & Touche (Represented by  For       For        Management
      Michel Denayer) as Auditors
5.2   Approve Remuneration of Auditors in the   For       For        Management
      Amount of EUR 324,000
5.3   Ratify Deloitte & Touche (Represented by  For       For        Management
      Ludo De Keulenaer) as Substitute External
      Auditors
6     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

UCB

Ticker:                      Security ID:  BE0003739530
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income
4     Approve Discharge of Directors            For       For        Management
5     Approve Discharge of Auditors             For       For        Management
6     Reelect M. Eyskens and Prince Laurent as  For       For        Management
      Independent Directors; Elect Frederik
      Rock Doliveux as Director; Reelect Daniel
      Goosens as Auditor; Approve Remuneration
      of Auditors of EUR 129,000 for the UCB
      Group, of Which EUR 60,000 for UCB S.A.


--------------------------------------------------------------------------------

UMICORE(FRMLY UNION MINIERE S.A.)

Ticker:                      Security ID:  BE0003626372
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report Governing Stock Option     None      Abstain    Management
      Plan of French Subsidiaries
2     Receive Directors' Report on 2003 Fiscal  None      Abstain    Management
      Year
3     Receive Auditors' Report on 2003 Fiscal   None      Abstain    Management
      Year
4.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4.2   Approve Appropriation of the Loss for     For       For        Management
      2003 Including the Dividend
5.1   Approve Discharge of Directors            For       For        Management
5.2   Approve Discharge of Auditors             For       For        Management
6.1   Accept Resignation of Jean-Pierre         For       For        Management
      Standaert as Director and Leave Vacant
      His Mandate
6.2   Elect Director Following Resignation of   For       For        Management
      Jean-Pierre Standaert
6.3   Approve Renumeration of Directors in      For       For        Management
      Aggregate Amount of EUR 330,000
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

UMICORE(FRMLY UNION MINIERE S.A.)

Ticker:                      Security ID:  BE0003626372
Meeting Date: MAR 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital




======================== ISHARES MSCI BRAZIL INDEX FUND ========================


ARACRUZ CELULOSE

Ticker:                      Security ID:  BRARCZACNPB3
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Discuss Reelection of Supervisory Board;  For       Did Not    Management
      Elect Principals and Alternates                     Vote
4     Approve Global Annual Remuneration of     For       Did Not    Management
      Directors and Supervisory Board Members             Vote
5     Elect Directors                           For       Did Not    Management
                                                          Vote
6     Authorize Reissuance of 86,421            For       Did Not    Management
      Repurchased Shares of Subsidiary Aracruz            Vote
      Produtos de Madeira
7     Amend Article 26 Re: Restructure and      For       Did Not    Management
      Permanent Establishment of Supervisory              Vote
      Board
8     Transact Other Business (Voting)          For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

BANCO ITAU HOLDING FINANCEIRA(FRMLY BANCO ITAU S.A.)

Ticker:                      Security ID:  BRITAUACNPR3
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize BRL 3.2 Billion Capital         For       Did Not    Management
      Increase Via Capitalization of Reserves             Vote
2     Cancel 664.3 Million Company Treasury     For       Did Not    Management
      Shares                                              Vote
3     Approve 1,000:1 Reverse Stock Split       For       Did Not    Management
                                                          Vote
4     Approve Increase in Authorized Capital to For       Did Not    Management
      100 Million Ordinary Shares and 100                 Vote
      Million Preference Shares
5     Approve Creation of Audit Committee; Set  For       Did Not    Management
      Committee Responsibilities                          Vote
6     Restructure of Consulting Board and       For       Did Not    Management
      International Consulting Committee                  Vote
7     Amend Articles Re: Changes in Capital,    For       Did Not    Management
      Audit Committee, and Restructuring of               Vote
      Consulting Boards
8     Ammend Incentive Stock Option Plan        For       Did Not    Management
                                                          Vote
9     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
10    Approve Allocation of Income              For       Did Not    Management
                                                          Vote
11    Elect Directors and Supervisory Board     For       Did Not    Management
      Members                                             Vote
12    Approve Remuneration of Board Members,    For       Did Not    Management
      Executive Officer Board Members,                    Vote
      Consulting Board and International
      Consulting Committee Members, and
      Supervisory Board Members


--------------------------------------------------------------------------------

BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI

Ticker:       TCS            Security ID:  BRBRTPACNOR5
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       For        Management
      Dividends
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Elect Supervisory Board Members and       For       For        Management
      Alternates
3     Elect Supervisory Board Members and       For       Did Not    Management
      Alternates                                          Vote
4     Elect Directors and Alternates            For       For        Management
4     Elect Directors and Alternates            For       Did Not    Management
                                                          Vote
5     Approve Aggregate Remuneration of         For       For        Management
      Directors and Supervisory Board Members
5     Approve Aggregate Remuneration of         For       Did Not    Management
      Directors and Supervisory Board Members             Vote
6     Amend Article 5 to Reflect Changes in     For       For        Management
      Share Capital Resulting from Capital
      Increase Approved in 2004
6     Amend Article 5 to Reflect Changes in     For       Did Not    Management
      Share Capital Resulting from Capital                Vote
      Increase Approved in 2004


--------------------------------------------------------------------------------

BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI

Ticker:       TCS            Security ID:  BRBRTPACNOR5
Meeting Date: JAN 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Supervisory Board Member            For       For        Management


--------------------------------------------------------------------------------

BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI

Ticker:       TCS            Security ID:  BRBRTPD02PR5
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       For        Management
      Dividends
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Elect Supervisory Board Members and       For       For        Management
      Alternates
3     Elect Supervisory Board Members and       For       Did Not    Management
      Alternates                                          Vote
4     Elect Directors and Alternates            For       For        Management
4     Elect Directors and Alternates            For       Did Not    Management
                                                          Vote
5     Approve Aggregate Remuneration of         For       For        Management
      Directors and Supervisory Board Members
5     Approve Aggregate Remuneration of         For       Did Not    Management
      Directors and Supervisory Board Members             Vote
6     Amend Article 5 to Reflect Changes in     For       For        Management
      Share Capital Resulting from Capital
      Increase Approved in 2004
6     Amend Article 5 to Reflect Changes in     For       Did Not    Management
      Share Capital Resulting from Capital                Vote
      Increase Approved in 2004


--------------------------------------------------------------------------------

BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI

Ticker:       TCS            Security ID:  BRBRTPACNOR5
Meeting Date: SEP 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Article 27 Re: Board of Directors   For       Did Not    Management
                                                          Vote
2     Amend Article 47 and 49 Re: Board         For       Did Not    Management
      Committees' Duties                                  Vote


--------------------------------------------------------------------------------

CEMIG, COMPANHIA ENERGETICA DE MINAS GERAIS

Ticker:       CZME70         Security ID:  BRCMIGACNPR3
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Payment of Dividends and Interest For       For        Management
      on Capital of BRL 320.5 Million
4     Elect Supervisory Board Members and       For       For        Management
      Alternates; Fix Their Remuneration
5     Approve Remuneration of Directors         For       For        Management
6     Grant Executive Officer Board             For       For        Management
      Authorization to Exercise Duties
      Regulated Under Article 17 of Bylaws,
      Pending Decision of ANEEL
7     Amend Contract Agreement Between State of None      Against    Shareholder
      Minas Gerais and Company Re: 'Contrato de
      Cessao de Credito da Conta de Resultados
      a Compensar'; Approve New Dividend Policy


--------------------------------------------------------------------------------

COMPANHIA SIDERURGICA DE TUBARAO

Ticker:                      Security ID:  BRCSTBACNPR8
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income;             For       For        Management
      Distribution of Dividends and Interest
      Over Capital
3     Approve Aggregate Remuneration of         For       For        Management
      Directors
4     Elect Alternate Members to Management     For       For        Management
      Board
5     Elect Supervisory Board                   For       For        Management
6     Ratify Board Management Decision Re:      For       Against    Management
      Assets Appraisal Report


--------------------------------------------------------------------------------

COMPANHIA SIDERURGICA NACIONAL (CSN)

Ticker:       SID            Security ID:  BRCSNAACNOR6
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Correction on Revaluation of       For       Did Not    Management
      Assets Approved at 4-29-03 AGM to BRL               Vote
      10.8 Billion from BRL 10.5 Billion
2     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
3     Approve BRL 1.1 Billion Allocation of     For       Did Not    Management
      Income; Approve Distribution of BRL 471.8           Vote
      Million as Dividends and BRL 245.5
      Million as Interest on Capital
4     Approve Capital Budget                    For       Did Not    Management
                                                          Vote
5     Elect Members to Management Board         For       Did Not    Management
                                                          Vote
6     Approve Annual Global Remuneration of     For       Did Not    Management
      Directors in the Amount of BRL 28 Million           Vote
7     Designate Newspaper to Publish Meeting    For       Did Not    Management
      Announcements                                       Vote
8     Amend Articles Re: Extend Corporate       For       Did Not    Management
      Purpose and Share Capital                           Vote


--------------------------------------------------------------------------------

COMPANHIA SOUZA CRUZ

Ticker:                      Security ID:  BRCRUZACNOR0
Meeting Date: SEP 12, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Corporate Purpose, New For       Did Not    Management
      Statutory Reserve Text, and Consolidation           Vote
      of Amended Article


--------------------------------------------------------------------------------

COMPANHIA SOUZA CRUZ

Ticker:                      Security ID:  BRCRUZACNOR0
Meeting Date: MAR 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of BRL 1 Per Share
3     Elect Management Board                    For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Authorize  Capitalization of Reserves of  For       For        Management
      BRL 158.8 Million
6     Amend Articles to Reflect Changes in      For       For        Management
      Capital


--------------------------------------------------------------------------------

COMPANHIA VALE DO RIO DOCE

Ticker:                      Security ID:  BRVALEACNPA3
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Annual Aggregate Remuneration of  For       For        Management
      Directors
4     Elect Supervisory Board Members and Fix   For       For        Management
      Their Remuneration
5     Authorize Increase in Capital Via         For       For        Management
      Capitalization of Reserves


--------------------------------------------------------------------------------

COMPANHIA VALE DO RIO DOCE

Ticker:                      Security ID:  BRVALEACNPA3
Meeting Date: AUG 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Justification and Protocol Re:    For       For        Management
      Incorporation of Celmar SA - Industria de
      Celulose e Papel and Ferteco Mineracao SA
2     Ratify Nomination of Firms Appointed to   For       For        Management
      Perform Assets Appraisal
3     Approve Appraisal Reports                 For       Abstain    Management
4     Approve Merger by Absorption of Celmar SA For       For        Management
      - Industria de Celulose e Papel and
      Ferteco Mineracao SA


--------------------------------------------------------------------------------

ELETROBRAS, CENTRAIS ELETRICAS BRASILEIRAS S.A.

Ticker:                      Security ID:  BRELETACNOR6
Meeting Date: MAY 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Management Board Member             For       For        Management


--------------------------------------------------------------------------------

ELETROBRAS, CENTRAIS ELETRICAS BRASILEIRAS S.A.

Ticker:                      Security ID:  BRELETACNOR6
Meeting Date: MAR 2, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect One Member to Management Board      For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ELETROBRAS, CENTRAIS ELETRICAS BRASILEIRAS S.A.

Ticker:                      Security ID:  BRELETACNOR6
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Elect Supervisory Board Members and       For       For        Management
      Alternates
4     Approve Remuneration of Directors,        For       For        Management
      Executive Directors, and Supervisory
      Board Members


--------------------------------------------------------------------------------

PETROLEO BRASILEIRO

Ticker:       PBR/A          Security ID:  BRPETRACNOR9
Meeting Date: MAR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve 2004 Capital Budget               For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Elect Management Board, Supervisory       For       For        Management
      Board, and Respective Alternates
5     Authorize BRL 13.03 Billion Increase in   For       For        Management
      Capital Via Capitalization of Benefits
6     Approve BRL 30 Billion Increase in        For       For        Management
      Authorized Capital
7     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board; Approve Profit Sharing
      Plan


--------------------------------------------------------------------------------

PETROLEO BRASILEIRO

Ticker:       PBR/A          Security ID:  BRPETRACNOR9
Meeting Date: NOV 21, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of Convertible         For       For        Management
      Debentures with Preemptive Rights up to
      Aggregate Nominal Amount of BRL 300
      Million and Authorize Board to Determine
      Exchange Ratio and Terms of Issuance


--------------------------------------------------------------------------------

SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO

Ticker:                      Security ID:  BRSBSPACNOR5
Meeting Date: OCT 28, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Appoint Firm to Perform Net Equity        For       For        Management
      Appraisal of Sistema de Saneamento do
      Municipio de Sao Bernardo do Campo
2     Ratify Remuneration of Executive          For       For        Management
      Directors, Management Board, and
      Suprvisory Board Members
3     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO

Ticker:                      Security ID:  BRSBSPACNOR5
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income to           For       For        Management
      Investment Reserves
3     Elect Directors (and Alternates) and      For       For        Management
      Supervisory Board (and Alternates)
4     Approve Remuneration of Executives,       For       For        Management
      Directors, and Supervisory Board Members


--------------------------------------------------------------------------------

TELE CELULAR SUL PARTICIPACOES S.A.

Ticker:                      Security ID:  BRTCSLACNPR7
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Approve Capital Budget                    For       Did Not    Management
                                                          Vote
4     Elect Directors                           For       Did Not    Management
                                                          Vote
5     Elect Supervisory Board Member            For       Did Not    Management
                                                          Vote
6     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
7     Authorize BRL 27.1 Million Increase in    For       Did Not    Management
      Capital Via Capitalization of Benefits              Vote
8     Approve BRL 60 Million Increase in        For       Did Not    Management
      Capital Via Capitalization of Retained              Vote
      Earnings in Excess of Capital
9     Amend Article 5 to Reflect Changes in     For       Did Not    Management
      Capital                                             Vote
10    Creation of Supervisory Board Internal    For       Did Not    Management
      Guidelines                                          Vote


--------------------------------------------------------------------------------

TELE CENTRO OESTE CELULAR PARTICIPACOES SA

Ticker:                      Security ID:  BRTCOCACNPR5
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Authorize Capitalization of 'Reserva de   For       For        Management
      Lucros Para Expansao' Reserves
4     Approve 2004 Capital Budget               For       For        Management
5     Elect Supervisory Board                   For       For        Management
6     Approve Aggregate Remuneration for        For       For        Management
      Directors and Individual Remuneration for
      Supervisory Board Members
7     Ratify Election of Two Board Members      For       For        Management
8     Amend Article 25 to Include Provisions    For       Against    Management
      Re: Board Majority and Power of Attorney


--------------------------------------------------------------------------------

TELE NORDESTE CELULAR PARTICIPACOES S.A.

Ticker:                      Security ID:  BRTNEPACNPR5
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Elect Directors                           For       Did Not    Management
                                                          Vote
4     Elect Supervisory Board Members           For       Did Not    Management
                                                          Vote
5     Approve Global Remuneration of Directors  For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TELE NORTE LESTE PARTICIPACOES (TELEMAR)

Ticker:                      Security ID:  BRTNLPACNOR3
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Cancel 2.3 Billion Ordinary Shares and    For       For        Management
      4.6 Billion Preference Company's Treasury
      Shares Without Reduction in Capital
2     Approve 1000:1 Reverse Stock Split        For       For        Management
3     Grant Authority to Executive Officer      For       For        Management
      Board to Ratify and Execute Resolutions
      Proposed in Items 1 and 2
4     Amend Articles Re: Changes in Capital,    For       For        Management
      Share Capital, Creation of Two New
      Directorship Positions, and Executive
      Officer Board Absence and Limitation
      Policy


--------------------------------------------------------------------------------

TELE NORTE LESTE PARTICIPACOES (TELEMAR)

Ticker:                      Security ID:  BRTNLPACNOR3
Meeting Date: MAR 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Elect Management Board and Alternate      For       Did Not    Management
      Members                                             Vote
4     Elect Supervisory Board                   For       Did Not    Management
                                                          Vote
5     Approve Remuneration of Directors and     For       Did Not    Management
      Supervisory Board Members                           Vote
6     Designate Newspaper to Publish Meeting    For       Did Not    Management
      Announcements                                       Vote


--------------------------------------------------------------------------------

TELESP CELULAR  PARTICIPACOES S/A

Ticker:                      Security ID:  BRTSPPACNPR0
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Supervisory Board                   For       For        Management
3     Approve Aggregate Remuneration for        For       For        Management
      Directors and Individual Remuneration for
      Supervisory Board Members
4     Ratify Election of Two Board Members      For       For        Management


--------------------------------------------------------------------------------

TELESP CELULAR  PARTICIPACOES S/A

Ticker:                      Security ID:  BRTSPPACNPR0
Meeting Date: MAR 26, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect One Member to Management Board      For       For        Management


--------------------------------------------------------------------------------

UNIBANCO UNIAO DE BANCOS BRASILEIROS S.A.

Ticker:                      Security ID:  BRUBBRCDAM14
Meeting Date: JAN 23, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Member to Management Board          For       For        Management
2     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

UNIBANCO UNIAO DE BANCOS BRASILEIROS S.A.

Ticker:                      Security ID:  BRUBBRCDAM14
Meeting Date: AUG 19, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Article 5 Re: Temporary Conversion  For       For        Management
      of Ordinary Shares into Preference Shares
2     Other Business (Voting)                   For       Against    Management




======================== ISHARES MSCI CANADA INDEX FUND ========================


ABITIBI CONSOLIDATED INC.

Ticker:       A.             Security ID:  CA0039241074
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Dong Kil Cho, Marlene Davidge,      For       For        Management
      William Davis, Richard Drouin, Lise
      Lachapelle, Gary Lukassen, C. Edward
      Medland, John A. Tory, David Ward and
      John Weaver as Directors
2     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors


--------------------------------------------------------------------------------

AGNICO-EAGLE MINES LTD.

Ticker:       AGE.           Security ID:  CA0084741085
Meeting Date: MAY 28, 2004   Meeting Type: Annual/Special
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Leanne M. Baker           For       For        Management
1.2   Elect  Director Douglas R. Beaumont       For       For        Management
1.3   Elect  Director Sean Boyd                 For       For        Management
1.4   Elect  Director Alan Green                For       For        Management
1.5   Elect  Director Bernard Kraft             For       For        Management
1.6   Elect  Director Mel Leiderman             For       For        Management
1.7   Elect  Director James D. Nasso            For       For        Management
1.8   Elect  Director Ernest Sheriff            For       For        Management
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors
3     Amend Stock Option Plan                   For       For        Management


--------------------------------------------------------------------------------

AGRIUM INC.

Ticker:       AGU.           Security ID:  CA0089161081
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Neil Carragher            For       For        Management
1.2   Elect  Director Ralph S. Cunningham       For       For        Management
1.3   Elect  Director D. Grant Devine           For       For        Management
1.4   Elect  Director Susan A. Henry            For       For        Management
1.5   Elect  Director Frank W. King             For       For        Management
1.6   Elect  Director Frank W. Proto            For       For        Management
1.7   Elect  Director Harry G. Schaefer         For       For        Management
1.8   Elect  Director Michael M. Wilson         For       For        Management
1.9   Elect  Director Victor J. Zaleschuk       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Amend Shareholder Rights Plan (Poison     For       Against    Management
      Pill)


--------------------------------------------------------------------------------

ALCAN INC.

Ticker:       AL.            Security ID:  CA0137161059
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 3, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director R. Berger                 For       Withhold   Management
1.2   Elect  Director L.D. Desautels            For       For        Management
1.3   Elect  Director T. Engen                  For       For        Management
1.4   Elect  Director L.Y. Fortier              For       For        Management
1.5   Elect  Director J.P. Jacamon              For       For        Management
1.6   Elect  Director W.R. Loomis               For       For        Management
1.7   Elect  Director Y. Mansion                For       For        Management
1.8   Elect  Director C. Morin-Postel           For       For        Management
1.9   Elect  Director J.E. Newall               For       For        Management
1.10  Elect  Director G. Saint-Pierre           For       For        Management
1.11  Elect  Director G. Schulmeyer             For       For        Management
1.12  Elect  Director P.M. Tellier              For       For        Management
1.13  Elect  Director M.K. Wong                 For       For        Management
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

ALIANT INC

Ticker:       AIT.           Security ID:  CA01609F1099
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Miller H. Ayre            For       For        Management
1.2   Elect  Director Charles Caty              For       For        Management
1.3   Elect  Director Robert P. Dexter          For       For        Management
1.4   Elect  Director Jay Forbes                For       For        Management
1.5   Elect  Director Lawson Hunter             For       For        Management
1.6   Elect  Director Terry Mosey               For       For        Management
1.7   Elect  Director Dr. Margot Northey        For       For        Management
1.8   Elect  Director Edward Reevey             For       For        Management
1.9   Elect  Director Karen H. Sheriff          For       For        Management
1.10  Elect  Director Catherine Tait            For       For        Management
1.11  Elect  Director Stephen G. Wetmore        For       For        Management
1.12  Elect  Director Charles W. White          For       For        Management
1.13  Elect  Director Victor L. Young           For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

ALIANT INC

Ticker:       AIT.           Security ID:  CA01609F1099
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  MAY 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Miller H. Ayre            For       For        Management
1.2   Elect  Director Charles Caty              For       For        Management
1.3   Elect  Director Robert P. Dexter          For       For        Management
1.4   Elect  Director Jay Forbes                For       For        Management
1.5   Elect  Director Lawson Hunter             For       For        Management
1.6   Elect  Director Terry Mosey               For       For        Management
1.7   Elect  Director Dr. Margot Northey        For       For        Management
1.8   Elect  Director Edward Reevey             For       For        Management
1.9   Elect  Director Karen H. Sheriff          For       For        Management
1.10  Elect  Director Catherine Tait            For       For        Management
1.11  Elect  Director Stephen G. Wetmore        For       For        Management
1.12  Elect  Director Charles W. White          For       For        Management
1.13  Elect  Director Victor L. Young           For       For        Management
2     Ratify Ernst & Young as Auditors          For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

ANGIOTECH PHARMACEUTICALS INC.

Ticker:       ANP.           Security ID:  CA0349181028
Meeting Date: JAN 20, 2004   Meeting Type: Special
Record Date:  DEC 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve 2:1 Stock Split                   For       For        Management
2     Approve 2004 Stock Option Plan            For       For        Management
3     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

ATI TECHNOLOGIES INC.

Ticker:       ATY.           Security ID:  CA0019411036
Meeting Date: JAN 27, 2004   Meeting Type: Annual/Special
Record Date:  DEC 22, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect John E. Caldwell, Ronald Chwang,    For       For        Management
      James D. Fleck, K.Y Ho, Alan D. Horn,
      Paul Russo, Robert A. Young as Directors
2     Approve KPMG LLP as Auditors and          For       For        Management
      Authorize Board to Fix Remuneration of
      Auditors
3     Amend Restricted Share Unit Plans to      For       Against    Management
      Allow Availability of the Common Shares
      Allocated under the Option Plan to The
      RSU Plans


--------------------------------------------------------------------------------

BANK OF MONTREAL

Ticker:       BMO.           Security ID:  CA0636711016
Meeting Date: FEB 24, 2004   Meeting Type: Annual/Special
Record Date:  JAN 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stephen E. Bachand         For       For        Management
1.2   Elect Director David R. Beatty            For       For        Management
1.3   Elect Director Robert Chevrier            For       For        Management
1.4   Elect Director F. Anthony Comper          For       For        Management
1.5   Elect Director Ronald H. Farmer           For       For        Management
1.6   Elect Director David A. Galloway          For       For        Management
1.7   Elect Director Eva Lee Kwok               For       For        Management
1.8   Elect Director J. Blair Macaulay          For       For        Management
1.9   Elect Director Frank Mckenna              For       For        Management
1.10  Elect Director Bruce H. Mitchell          For       For        Management
1.11  Elect Director Philip S. Orsino           For       For        Management
1.12  Elect Director J. Robert S. Prichard      For       For        Management
1.13  Elect Director Jeremy H. Reitman          For       For        Management
1.14  Elect Director Joseph L. Rotman           For       For        Management
1.15  Elect Director Guylaine Saucier           For       For        Management
1.16  Elect Director Nancy C. Southern          For       For        Management
2     Ratify KPMG LLP as Auditors               For       For        Management
3     Amend Special By-Law 'A': Remuneration of For       For        Management
      Directors
4     Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
5     Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives
6     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercise
7     Issue a Report About How the Bank         For       Against    Shareholder
      Evaluates and Manages the Risk of
      Environmental Liability


--------------------------------------------------------------------------------

BANK OF NOVA SCOTIA

Ticker:       BNS.           Security ID:  CA0641491075
Meeting Date: MAR 2, 2004    Meeting Type: Annual/Special
Record Date:  JAN 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect R. A. Brenneman as a Director       For       For        Management
1.2   Elect C. J. Chen as a Director            For       Withhold   Management
1.3   Elect N. A. Everett as a Director         For       For        Management
1.4   Elect M. K. Goodrich as a Director        For       For        Management
1.5   Elect J. C. Kerr as a Director            For       For        Management
1.6   Elect M. J. L. Kirby as a Director        For       For        Management
1.7   Elect L. Lemaire as a Director            For       For        Management
1.8   Elect J. T. Mayberry as a Director        For       For        Management
1.9   Elect B. J. McDougall as a Director       For       For        Management
1.10  Elect E. Parr-Johnston as a Director      For       For        Management
1.11  Elect A. R. A. Scace as a Director        For       For        Management
1.12  Elect G. W. Schwartz as a Director        For       Withhold   Management
1.13  Elect A. C. Shaw as a Director            For       For        Management
1.14  Elect P. D. Sobey as a Director           For       For        Management
1.15  Elect R. E. Waugh as a Director           For       For        Management
2     Ratify PricewaterhouseCoopers LLP and     For       For        Management
      KPMG LLP as Auditors
3     Amend By-Law Relating to the Remuneration For       For        Management
      of Directors
4     Amend Stock Option Plan                   For       For        Management
5     By-Law Prohibiting CEO from Sitting on    Against   Against    Shareholder
      Other Boards
6     Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives
7     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercise


--------------------------------------------------------------------------------

BARRICK GOLD CORP.

Ticker:       ABX.           Security ID:  CA0679011084
Meeting Date: APR 22, 2004   Meeting Type: Annual/Special
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director H.L. Beck                 For       For        Management
1.2   Elect  Director C.W.D. Birchall           For       For        Management
1.3   Elect  Director G. Cisneros               For       For        Management
1.4   Elect  Director M.A. Cohen                For       For        Management
1.5   Elect  Director P.A. Crossgrove           For       For        Management
1.6   Elect  Director P.C. Godsoe               For       For        Management
1.7   Elect  Director A.A. Macnaughton          For       For        Management
1.8   Elect  Director B. Mulroney               For       For        Management
1.9   Elect  Director A. Munk                   For       For        Management
1.10  Elect  Director P. Munk                   For       For        Management
1.11  Elect  Director J.L. Rotman               For       For        Management
1.12  Elect  Director J.E. Thompson             For       For        Management
1.13  Elect  Director G.C. Wilkins              For       For        Management
2     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
3     Approve Stock Option Plan (2004) up to 16 For       For        Management
      Million Common Shares


--------------------------------------------------------------------------------

BCE INC.

Ticker:       BCE.           Security ID:  CA05534B1094
Meeting Date: MAY 26, 2004   Meeting Type: Annual/Special
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Andre Berard               For       For        Management
1.2   Elect Director Ronald Brenneman           For       For        Management
1.3   Elect Director Richard Currie             For       For        Management
1.4   Elect Director Anthony Fell               For       For        Management
1.5   Elect Director Donna Kaufman              For       For        Management
1.6   Elect Director Thomas Kierans             For       For        Management
1.7   Elect Director Brian Levitt               For       For        Management
1.8   Elect Director Edward Lumley              For       For        Management
1.9   Elect Director Judith Maxwell             For       For        Management
1.10  Elect Director John McArthur              For       For        Management
1.11  Elect Director Thomas O'Neill             For       For        Management
1.12  Elect Director Robert Pozen               For       For        Management
1.13  Elect Director Michael Sabia              For       For        Management
1.14  Elect Director Paul Tellier               For       For        Management
1.15  Elect Director Victor Young               For       For        Management
2     Appoint Deloitte & Touche LLP as Auditors For       For        Management
3     Disclose Director Nominee Directorships   For       For        Shareholder
      for Past Five Years
4     Prohibit CEO from Sitting on Other Boards Against   Against    Shareholder
5     Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives
6     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercises
7     Prohibit Auditors from Providing          Against   Against    Shareholder
      Non-Audit Services


--------------------------------------------------------------------------------

BIOVAIL CORPORATION (FORMERLY BIOVAIL CORP. INTERNATIONAL )

Ticker:       BVF.           Security ID:  CA09067J1093
Meeting Date: JUN 25, 2004   Meeting Type: Annual/Special
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Eugene N. Melnyk, Rolf K.           For       For        Management
      Reininghaus, Wilfred G. Bristow, Roger
      Rowan, Paul W. Haddy, Laurence E. Paul,
      Sheldon Plener and Michael Van Every as
      Directors
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Approve Stock Option Plan up to Ten       For       For        Management
      Million Common Shares


--------------------------------------------------------------------------------

BOMBARDIER INC.

Ticker:       BBD.B          Security ID:  CA0977512007
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Laurent Beaudoin          For       Did Not    Management
                                                          Vote
1.2   Elect  Director Jalynn H. Bennett         For       Did Not    Management
                                                          Vote
1.3   Elect  Director Andre Berard              For       Did Not    Management
                                                          Vote
1.4   Elect  Director J.R. Andre Bombardier     For       Did Not    Management
                                                          Vote
1.5   Elect  Director Janine Bombardier         For       Did Not    Management
                                                          Vote
1.6   Elect  Director L. Denis Desautels        For       Did Not    Management
                                                          Vote
1.7   Elect  Director Jean-Louis Fontaine       For       Did Not    Management
                                                          Vote
1.8   Elect  Director Daniel Johnson            For       Did Not    Management
                                                          Vote
1.9   Elect  Director Michael H. Mccain         For       Did Not    Management
                                                          Vote
1.10  Elect  Director Jean C. Monty             For       Did Not    Management
                                                          Vote
1.11  Elect  Director James E. Perrella         For       Did Not    Management
                                                          Vote
1.12  Elect  Director Carlos E. Represas        For       Did Not    Management
                                                          Vote
1.13  Elect  Director Federico Sada G.          For       Did Not    Management
                                                          Vote
1.14  Elect  Director Paul M. Tellier           For       Did Not    Management
                                                          Vote
2     Ratify Ernst & Young LLP as Auditors      For       Did Not    Management
                                                          Vote
3     Incorporate Customer Code of Ethics and   Against   Did Not    Shareholder
      Satisfaction in Company By-Laws                     Vote


--------------------------------------------------------------------------------

BRASCAN CORP (FORMERLY EDPERBRASCAN CORP.)

Ticker:       BNN.A          Security ID:  CA10549P6066
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Decrease in Size of Board         For       For        Management
2.1   Elect  Director James J. Blanchard        For       For        Management
2.2   Elect  Director Julia E. Foster           For       For        Management
2.3   Elect  Director Philip B. Lind            For       For        Management
2.4   Elect  Director Roy MacLaren              For       For        Management
2.5   Elect  Director G. Wallace F. McCain      For       For        Management
2.6   Elect  Director Jack M. Mintz             For       For        Management
2.7   Elect  Director Saul Shulman              For       For        Management
2.8   Elect  Director George S. Taylor          For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

BROOKFIELD PROPERTIES CORP.

Ticker:       BPO.           Security ID:  CA1129001055
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Gordon E. Arnell as a Director      For       For        Management
1.2   Elect William T. Cahill as a Director     For       For        Management
1.3   Elect Richard B. Clark as a Director      For       For        Management
1.4   Elect Jack L. Cockwell as a Director      For       Withhold   Management
1.5   Elect J. Bruce Flatt as a Director        For       For        Management
1.6   Elect Lance Liebman as a Director         For       For        Management
1.7   Elect John R. McCaig as a Director        For       For        Management
1.8   Elect Paul D. McFarlane as a Director     For       For        Management
1.9   Elect Allan S. Olson as a Director        For       For        Management
1.10  Elect Sam Pollock as a Director           For       For        Management
1.11  Elect William C. Wheaton as a Director    For       For        Management
1.12  Elect John E. Zuccotti as a Director      For       Withhold   Management
2     Amend Stock Option Plan                   For       For        Management
3     Ratify Deloitte & Touche LLP as Auditors  For       For        Management


--------------------------------------------------------------------------------

CAMECO CORP.

Ticker:       CCO.           Security ID:  CA13321L1085
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John S. Auston             For       For        Management
1.2   Elect Director Joe F. Colvin              For       For        Management
1.3   Elect Director Harry D. Cook              For       For        Management
1.4   Elect Director James R. Curtiss           For       For        Management
1.5   Elect Director George S. Dembroski        For       For        Management
1.6   Elect Director Gerald W. Grandey          For       For        Management
1.7   Elect Director Nancy E. Hopkins           For       For        Management
1.8   Elect Director Oyvind Hushovd             For       For        Management
1.9   Elect Director J.W. George Ivany          For       For        Management
1.10  Elect Director A. Neil McMillan           For       For        Management
1.11  Elect Director Robert W. Peterson         For       For        Management
1.12  Elect Director Victor J. Zaleschuk        For       For        Management
2     Appoint KPMG LLP as Auditors              For       For        Management
3     The Undersigned Holder of Record of       None      None       Management
      Shares Declares that all Shares are Held,
      Beneficially owned or Controlled by One
      or More Canadian Residents
4     The Undersigned Holder of Shares Declares None      None       Management
      that the Undersigned is a Canadian
      Resident


--------------------------------------------------------------------------------

CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)

Ticker:       CM.            Security ID:  CA1360691010
Meeting Date: FEB 26, 2004   Meeting Type: Annual/Special
Record Date:  JAN 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Ernst & Young LLP as Auditors      For       For        Management
2.1   Elect Director D. G. Bassett              For       For        Management
2.2   Elect Director J. H. Bennett              For       For        Management
2.3   Elect Director G. F. Colter               For       For        Management
2.4   Elect Director P. M. Delbridge            For       For        Management
2.5   Elect Director W. L. Duke                 For       For        Management
2.6   Elect Director I. E. H. Duvar             For       For        Management
2.7   Elect Director W. A. Etherington          For       For        Management
2.8   Elect Director A. L. Flood                For       For        Management
2.9   Elect Director M. A. Franssen             For       For        Management
2.10  Elect Director G. D. Giffin               For       For        Management
2.11  Elect Director J. A. Grant                For       For        Management
2.12  Elect Director A. E. P. Hickman           For       For        Management
2.13  Elect Director J. S Hunkin                For       For        Management
2.14  Elect Director C. Sirois                  For       For        Management
2.15  Elect Director S. G. Snyder               For       For        Management
2.16  Elect Director R. W. Tysoe                For       For        Management
2.17  Elect Director W. G. Weston               For       For        Management
3     Amend By-Law Relating to the Remuneration For       For        Management
      of Directors
4     Amend By-Law Relating to the Appointment  For       For        Management
      of Directors
5.1   Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
5.2   Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives


--------------------------------------------------------------------------------

CANADIAN NATIONAL RAILWAY CO.

Ticker:       CNR.           Security ID:  CA1363751027
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael R. Armellino      For       For        Management
1.2   Elect  Director A. Charles Baillie        For       For        Management
1.3   Elect  Director Hugh J. Bolton            For       For        Management
1.4   Elect  Director Purdy Crawford            For       For        Management
1.5   Elect  Director J.V. Raymond Cyr          For       For        Management
1.6   Elect  Director Gordon D. Giffin          For       For        Management
1.7   Elect  Director James K. Gray             For       For        Management
1.8   Elect  Director E. Hunter Harrison        For       For        Management
1.9   Elect  Director Edith E. Holiday          For       For        Management
1.10  Elect  Director V.M. Kempston Darkes      For       For        Management
1.11  Elect  Director Gilbert H. Lamphere       For       For        Management
1.12  Elect  Director Denis Losier              For       For        Management
1.13  Elect  Director Edward C. Lumley          For       For        Management
1.14  Elect  Director David G.A. Mclean         For       For        Management
1.15  Elect  Director Robert Pace               For       For        Management
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

CANADIAN NATURAL RESOURCES LTD.

Ticker:       CNQ.           Security ID:  CA1363851017
Meeting Date: MAY 6, 2004    Meeting Type: Annual/Special
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Catherine Best, N. Murray Edwards,  For       For        Management
      Ambassador Gordon D. Giffin, James T.
      Grenon, John G. Langille, Keith A.J.
      MacPhail, Allan Markin, James Palmer,
      Eldon Smith and David Tuer as Directors
2     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix
      Remuneration of Auditors
3     Amend Stock Option Plan                   For       Against    Management
4     Approve 2:1 Stock Split                   For       For        Management


--------------------------------------------------------------------------------

CANADIAN PACIFIC RAILWAY LTD (FORMERLY CANADIAN PACIFIC LTD.

Ticker:       CP.            Security ID:  CA13645T1003
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Stephen Bachand as a Director       For       For        Management
1.2   Elect John Cleghorn as a Director         For       For        Management
1.3   Elect Tim Faithfull as a Director         For       For        Management
1.4   Elect Jacques Lamarre as a Director       For       Withhold   Management
1.5   Elect James Newall as a Director          For       For        Management
1.6   Elect Dr. James Nininger as a Director    For       For        Management
1.7   Elect Madeleine Paquin as a Director      For       For        Management
1.8   Elect Michael Phelps as a Director        For       Withhold   Management
1.9   Elect Roger Phillips as a Director        For       For        Management
1.10  Elect Robert Ritchie as a Director        For       For        Management
1.11  Elect Michael Wright as a Director        For       For        Management
2     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors


--------------------------------------------------------------------------------

CANADIAN TIRE CORP.

Ticker:       CTR.A          Security ID:  CA1366812024
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect John S. Lacey, Frank Potter and     For       For        Management
      Stephen G. Wetmore as Directors


--------------------------------------------------------------------------------

CELESTICA INC.

Ticker:       CLS.           Security ID:  CA15101Q1081
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Robert Crandall, William            For       For        Management
      Etherington, Richard Love, Anthony
      Melman, Gerald Schwartz, Charles Szuluk,
      Don Tapscott as Directors
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

CGI GROUP INC

Ticker:       GIB.A          Security ID:  CA39945C1095
Meeting Date: FEB 2, 2004    Meeting Type: Annual
Record Date:  DEC 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William D. Anderson        For       For        Management
1.2   Elect Director Claude Boivin              For       For        Management
1.3   Elect Director Jean Brassard              For       For        Management
1.4   Elect Director Claude Chamberland         For       For        Management
1.5   Elect Director Robert Chevrier            For       For        Management
1.6   Elect Director Paule Dore                 For       For        Management
1.7   Elect Director Serge Godin                For       For        Management
1.8   Elect Director Andre Imbeau               For       For        Management
1.9   Elect Director David L. Johnston          For       For        Management
1.10  Elect Director Eileen A. Mercier          For       For        Management
1.11  Elect Director Michael J. Sabia           For       For        Management
1.12  Elect Director C. Wesley M. Scott         For       For        Management
1.13  Elect Director Gerald T. Squire           For       For        Management
1.14  Elect Director Robert Tessier             For       For        Management
2     Ratify Samson Belair/Deloite Y Touche as  For       For        Management
      Auditors


--------------------------------------------------------------------------------

CI FUND MANAGEMENT INC.

Ticker:       CIX.           Security ID:  CA12549K1084
Meeting Date: NOV 28, 2003   Meeting Type: Annual
Record Date:  OCT 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect R. M. Astley, R. D. Besse, G. R.    For       For        Management
      Chang, P. W. Derksen, W. T. Holland, A.
      W. Oughtred, G. W. Oughtred and D. J.
      Riddle as Directors
2     Approve Ernst & Young LLP as Auditors and For       For        Management
      Authorize Board to Fix Remuneration of
      Auditors


--------------------------------------------------------------------------------

COGNOS INC.

Ticker:       CSN.           Security ID:  CA19244C1095
Meeting Date: JUN 23, 2004   Meeting Type: Annual/Special
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert G. Ashe             For       For        Management
1.2   Elect Director John E. Caldwell           For       For        Management
1.3   Elect Director Paul D. Damp               For       For        Management
1.4   Elect Director Pierre Y. Ducros           For       For        Management
1.5   Elect Director Robert W. Korthals         For       For        Management
1.6   Elect Director John J. Rando              For       For        Management
1.7   Elect Director Bill V. Russell            For       For        Management
1.8   Elect Director James M. Tory              For       For        Management
1.9   Elect Director Renato Zambonini           For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Amend 2003 - 2008 Stock Option Plan       For       For        Management
4     Eliminate Class of Preferred Stock        For       For        Management


--------------------------------------------------------------------------------

CP SHIPS LTD

Ticker:       TEU            Security ID:  CA22409V1022
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Viscount Weir             For       For        Management
1.2   Elect  Director John Bowmer               For       For        Management
1.3   Elect  Director Robert Clanin             For       For        Management
1.4   Elect  Director Peter Dey                 For       For        Management
1.5   Elect  Director Frank Halliwell           For       For        Management
1.6   Elect  Director John McNeil               For       For        Management
1.7   Elect  Director Ray Miles                 For       For        Management
1.8   Elect  Director Nigel Rich                For       For        Management
1.9   Elect  Director Ian Webber                For       For        Management
2     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
3     Amend By-law No. 1 Regarding the          For       For        Management
      Retirement Age for Directors


--------------------------------------------------------------------------------

DOFASCO INC.

Ticker:       DFS.           Security ID:  CA2569007057
Meeting Date: MAY 7, 2004    Meeting Type: Annual/Special
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Sylvia Chrominska, William Coyne,   For       For        Management
      Roger Doe, William  Etherington, Dezso
      Horvath, Frank Logan, Brian Macneill,
      Peter Maurice, Thomas O'Neill and Donald
      Pether as Directors
2     Appoint Ernst & Young LLP as Auditors and For       For        Management
      Authorize Board to Fix Remuneration of
      Auditors
3     Approve Stock Option Plan                 For       For        Management
4     Approve Amended and Restated Shareholder  For       For        Management
      Rights Plan


--------------------------------------------------------------------------------

DOMTAR INC.

Ticker:       DTC.           Security ID:  CA2575611009
Meeting Date: APR 29, 2004   Meeting Type: Annual/Special
Record Date:  MAR 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Paul-Henri Couture         For       For        Management
1.2   Elect Director Louis P. Gignac            For       For        Management
1.3   Elect Director Claude R. Lamoureux        For       For        Management
1.4   Elect Director Jacques Laurent            For       For        Management
1.5   Elect Director Brian M. Levitt            For       For        Management
1.6   Elect Director Gilles Ouimet              For       For        Management
1.7   Elect Director Louise Roy                 For       For        Management
1.8   Elect Director Raymond Royer              For       For        Management
1.9   Elect Director Edward J. Waters           For       For        Management
2     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors
3     Allow Board to Appoint Additional         For       For        Management
      Directors Between Annual Meetings


--------------------------------------------------------------------------------

ENBRIDGE INC. (FORMERLY IPL ENERGY INC.)

Ticker:       ENB.           Security ID:  CA29250N1050
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David A. Arledge           For       For        Management
1.2   Elect Director James J. Blanchard         For       For        Management
1.3   Elect Director J. Lorne Braithwaite       For       For        Management
1.4   Elect Director Patrick D. Daniel          For       For        Management
1.5   Elect Director E. Susan Evans             For       For        Management
1.6   Elect Director William R. Fatt            For       For        Management
1.7   Elect Director Richard L. George          For       Withhold   Management
1.8   Elect Director Louis D. Hyndman           For       For        Management
1.9   Elect Director Robert W. Martin           For       For        Management
1.10  Elect Director George K. Petty            For       For        Management
1.11  Elect Director Donald J. Taylor           For       For        Management
2     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix
      Remuneration of Auditors
3     Amend Bylaw No.1                          For       For        Management


--------------------------------------------------------------------------------

ENCANA CORP[FORMERLY PANCANADIAN ENERGY CORP

Ticker:       ECA.           Security ID:  CA2925051047
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael N. Chernoff       For       For        Management
1.2   Elect  Director Ralph S. Cunningham       For       For        Management
1.3   Elect  Director Patrick D. Daniel         For       For        Management
1.4   Elect  Director Ian W. Delaney            For       For        Management
1.5   Elect  Director William R. Fatt           For       For        Management
1.6   Elect  Director Michael A. Grandin        For       For        Management
1.7   Elect  Director Barry W. Harrison         For       For        Management
1.8   Elect  Director Richard F. Haskayne       For       For        Management
1.9   Elect  Director Dale A. Lucas             For       For        Management
1.10  Elect  Director Ken F. McCready           For       For        Management
1.11  Elect  Director Gwyn Morgan               For       For        Management
1.12  Elect  Director Valerie A.A. Nielsen      For       For        Management
1.13  Elect  Director David P. O'Brien          For       For        Management
1.14  Elect  Director Jane L. Peverett          For       For        Management
1.15  Elect  Director Dennis A. Sharp           For       For        Management
1.16  Elect  Director James M. Stanford         For       For        Management
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors
3     Adopt New By-Law No. 1                    For       For        Management
4     Amend Shareholder Rights Plan (Poison     For       For        Management
      Pill)


--------------------------------------------------------------------------------

FAIRFAX FINANCIAL HOLDINGS LTD.

Ticker:       FFH.           Security ID:  CA3039011026
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Frank B. Bennett, Anthony F.        For       For        Management
      Griffiths, Robbert Hartog, Brandon W.
      Sweitzer, V. Prem Watsa as Directors
2     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

FAIRMONT HOTELS & RESORTS

Ticker:       FHR.           Security ID:  CA3052041090
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director S. E. Bachand              For       For        Management
1.2   Elect Director W. R. Fatt                 For       For        Management
1.3   Elect Director P. C. Godsoe               For       For        Management
1.4   Elect Director M. J. Kowalski             For       For        Management
1.5   Elect Director D. P. O'Brien              For       For        Management
1.6   Elect Director K. M. Rose                 For       For        Management
1.7   Elect Director J. L. Sharpe               For       For        Management
1.8   Elect Director L. P. Sharpe               For       For        Management
1.9   Elect Director R. S. Singer               For       For        Management
1.10  Elect Director C. S. Taylor               For       For        Management
2     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
3     Reconfirm Shareholder Rights Plan (Poison For       For        Management
      Pill)


--------------------------------------------------------------------------------

FALCONBRIDGE LTD.

Ticker:       FL.            Security ID:  CA3059151009
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:  FEB 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Alex G. Balogh             For       For        Management
1.2   Elect Director Jack L. Cockwell           For       For        Management
1.3   Elect Director Robert J. Harding          For       For        Management
1.4   Elect Director David W. Kerr              For       For        Management
1.5   Elect Director G. Edmund King             For       For        Management
1.6   Elect Director Neville W. Kirchmann       For       For        Management
1.7   Elect Director Mary A. Mogford            For       For        Management
1.8   Elect Director Derek G. Pannell           For       For        Management
1.9   Elect Director David H. Race              For       For        Management
1.10  Elect Director Aaron W. Regent            For       For        Management
1.11  Elect Director James D. Wallace           For       For        Management
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

FINNING INTERNATIONAL INC.(FORMERLYFINNING LTD. )

Ticker:       FTT            Security ID:  CA3180714048
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ricardo Bacarreza         For       For        Management
1.2   Elect  Director John E. Cleghorn          For       For        Management
1.3   Elect  Director James F. Dinning          For       For        Management
1.4   Elect  Director Timothy S. Howden         For       For        Management
1.5   Elect  Director Jefferson J. Mooney       For       For        Management
1.6   Elect  Director Donald S. O'Sullivan      For       For        Management
1.7   Elect  Director Conrad A. Pinette         For       For        Management
1.8   Elect  Director Andrew H. Simon           For       For        Management
1.9   Elect  Director Michael T. Waites         For       For        Management
1.10  Elect  Director Douglas W. G. Whitehead   For       For        Management
1.11  Elect  Director John M. Wilson            For       Withhold   Management
2     Ratify Deloitte & Touche LLP Auditors     For       For        Management
3     Amend Stock Option Plans                  For       For        Management


--------------------------------------------------------------------------------

FOUR SEASONS HOTELS INC.

Ticker:       FSH.           Security ID:  CA35100E1043
Meeting Date: MAY 12, 2004   Meeting Type: Annual/Special
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect N. Beaubien and J. Prichard as      For       For        Management
      Directors
2     Elect B. Belzberg, H. Garland, C. Henry,  For       For        Management
      H. Munroe-Blum, R. Osborne, L. Schipper,
      I. Sharp, A. Sharp, B. Swirsky, S. Tamaki
      and S. Turner as Directors
3     Ratify KPMG LLP as Auditors               For       For        Management
4     Amend Stock Option Plan                   For       Against    Management
5     Eliminate Multiple Voting Shares          Against   For        Shareholder


--------------------------------------------------------------------------------

GLAMIS GOLD LTD.

Ticker:       GLG.           Security ID:  CA3767751025
Meeting Date: MAY 6, 2004    Meeting Type: Annual/Special
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors                   For       For        Management
2.1   Elect Director A. Dan Rovig               For       For        Management
2.2   Elect Director C. Kevin McArthur          For       For        Management
2.3   Elect Director Kenneth F. Williamson      For       For        Management
2.4   Elect Director Jean Depatie               For       For        Management
2.5   Elect Director A. Ian S. Davidson         For       For        Management
2.6   Elect Director P. Randy Reifel            For       For        Management
3     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors
4     Amend Stock Option Plan                   For       For        Management
5     Approve Equity Incentive Plan             For       For        Management


--------------------------------------------------------------------------------

GREAT-WEST LIFECO INC.

Ticker:       GWO.           Security ID:  CA39138C1068
Meeting Date: APR 29, 2004   Meeting Type: Annual/Special
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to Decrease the Number of  For       For        Management
      Directors From 22 to 21
2.1   Elect  Directors G.S. Asper               For       For        Management
2.2   Elect  Directors J.W. Burns               For       For        Management
2.3   Elect  Directors O.T. Dackow              For       For        Management
2.4   Elect  Directors A. Desmarais             For       For        Management
2.5   Elect  Directors P. Desmarais, Jr.        For       Withhold   Management
2.6   Elect  Directors R. Gratton               For       Withhold   Management
2.7   Elect  Directors D. Johnson               For       For        Management
2.8   Elect  Directors K.P. Kavanagh            For       For        Management
2.9   Elect  Directors Peter Kruyt              For       For        Management
2.10  Elect  Directors J. Blair MacAulay        For       For        Management
2.11  Elect  Directors Hon. D.F. Mazankowski    For       For        Management
2.12  Elect  Directors W.T. McCallum            For       For        Management
2.13  Elect  Directors R.L. McFeetors           For       For        Management
2.14  Elect  Directors Randall L. Moffat        For       Withhold   Management
2.15  Elect  Directors Jerry E.A. Nickerson     For       For        Management
2.16  Elect  Directors David A. Nield           For       For        Management
2.17  Elect  Directors R.J. Orr                 For       Withhold   Management
2.18  Elect  Directors G.F. Osbaldeston         For       For        Management
2.19  Elect  Directors M. Plessis-Belair        For       Withhold   Management
2.20  Elect  Directors G. St-Germain            For       For        Management
2.21  Elect  Directors G. Veilleux              For       For        Management
3     Ratify Deloitte & Touche LLP as Auditors  For       For        Management


--------------------------------------------------------------------------------

HUDSON'S BAY CO.

Ticker:       HBC.           Security ID:  CA4442041014
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David W. Colcleugh        For       For        Management
1.2   Elect  Director L. Yves Fortier           For       For        Management
1.3   Elect  Director David A. Galloway         For       For        Management
1.4   Elect  Director Paul Gobeil               For       For        Management
1.5   Elect  Director Kerry L. Hawkins          For       For        Management
1.6   Elect  Director George J. Heller          For       For        Management
1.7   Elect  Director Barbara R. Hislop         For       For        Management
1.8   Elect  Director James B. Hume             For       For        Management
1.9   Elect  Director Donna Soble Kaufman       For       For        Management
1.10  Elect  Director Peter T. Kaursland        For       For        Management
1.11  Elect  Director Thomas A. Knowlton        For       For        Management
1.12  Elect  Director Peter W. Mills            For       For        Management
2     Ratify KPMG LLP as Auditors               For       For        Management


--------------------------------------------------------------------------------

HUSKY ENERGY INC

Ticker:       HSE.           Security ID:  CA4480551031
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Victor Li, Canning Fok, Donald      For       For        Management
      Fullerton, Martin Glynn, Terence Hui,
      Brent Kinney, Holger Kluge, Poh Chan Koh,
      Eva Kwok, Stanley Kwok, John Lau, Wayne
      Shaw, William Shurniak and Frank Sixt as
      Directors
2     Appoint KPMG LLP as Auditors              For       For        Management


--------------------------------------------------------------------------------

IGM FINANCIAL INC

Ticker:       IGI.           Security ID:  CA46152H1010
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Company Name to IGM Financial Inc. For       For        Management
2     Elect J. Burns, A. Desmarais, P.          For       For        Management
      Desmarais, A. Dilworth, R. Gratton, J.
      Hunter, D. Johnson, D. Mazankowski, J.
      McCallum, R. McFeetors, R. Jeffery Orr,
      R. Piper, M. Plessis-Belair, S. Sherk, G.
      Veilleux as Directors
3     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

IMPERIAL OIL LTD.

Ticker:       IMO.           Security ID:  CA4530384086
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  MAR 3, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
2.1   Elect  Director Pierre Des Marais II      For       For        Management
2.2   Elect  Director B.J. (Brian) Fischer      For       For        Management
2.3   Elect  Director T.J. (Tim) Hearn          For       For        Management
2.4   Elect  Director R. (Roger) Phillips       For       For        Management
2.5   Elect  Director J.F. (Jim) Shepard        For       For        Management
2.6   Elect  Director P.A. (Paul) Smith         For       For        Management
2.7   Elect  Director S. D. (Sheelagh)          For       For        Management
      Whittaker
2.8   Elect  Director K.C. Williams             For       For        Management
2.9   Elect  Director V.L. (Victor) Young       For       For        Management
3     Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
4     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercise
5     Prepare Report - Evaluation of Market     Against   Against    Shareholder
      Opportunities in Wind, Solar, and Other
      Renewable Sources of Energy
6     Issue Report - Specific Emission          Against   Against    Shareholder
      Reduction Initiatives


--------------------------------------------------------------------------------

INCO LTD.

Ticker:       N.             Security ID:  CA4532584022
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:  MAR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Bylaws Re:Declassify the Board      For       For        Management
2.1   Elect  Directors Ronald C. Cambre         For       For        Management
2.2   Elect  Directors Scott M. Hand            For       For        Management
2.3   Elect  Directors Chaviva M. Hosek         For       For        Management
2.4   Elect  Directors David P. O'Brien         For       For        Management
2.5   Elect  Directors Glen A. Barton           For       For        Management
2.6   Elect  Directors Angus A. Bruneau         For       For        Management
2.7   Elect  Directors Peter C. Jones           For       For        Management
2.8   Elect  Directors John T. Mayberry         For       For        Management
2.9   Elect  Directors Roger Phillips           For       For        Management
2.10  Elect  Directors James M. Stanford        For       For        Management
3     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors
4     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

INTRAWEST CORP.

Ticker:       ITW.           Security ID:  CA4609152000
Meeting Date: NOV 10, 2003   Meeting Type: Annual
Record Date:  SEP 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director R. Thomas M. Allan         For       For        Management
1.2   Elect Director Joe S. Houssian            For       For        Management
1.3   Elect Director Daniel O. Jarvis           For       For        Management
1.4   Elect Director David A. King              For       For        Management
1.5   Elect Director Gordon H. MacDougall       For       For        Management
1.6   Elect Director Paul M. Manheim            For       For        Management
1.7   Elect Director Paul A. Novelly            For       For        Management
1.8   Elect Director Bernard A. Roy             For       For        Management
1.9   Elect Director Khaled C. Sifri            For       Withhold   Management
1.10  Elect Director Nicholas C.H. Villiers     For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors


--------------------------------------------------------------------------------

KINROSS GOLD CORP.

Ticker:       K.             Security ID:  CA4969022066
Meeting Date: MAY 10, 2004   Meeting Type: Annual/Special
Record Date:  MAR 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect John Brough, Robert Buchan, Scott   For       For        Management
      Caldwell, Arthur Ditto, Richard Hallisey,
      John Huxley, John Keyes, George Michals,
      Cameron Mingay, John Oliver as Directors
2     Ratify Auditors                           For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Amend Restricted Share Plan               For       For        Management


--------------------------------------------------------------------------------

LOBLAW COMPANIES LTD.

Ticker:       L.             Security ID:  CA5394811015
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect J. M. Cassaday, C. H. Dalglish, R.  For       For        Management
      J. Dart, A. S. Fell, A. L. Faser, A. R.
      Graham, J. A. Lederer, P. Michaud, T. C.
      O'Neill, G. J. Reddington, T. I. Ronald,
      W. G. Weston and J. H. Wright as
      Directors
2     Ratify KPMG LLP as Auditors               For       For        Management
3     Institute 'Common Sense' Compensation     Against   Against    Shareholder


--------------------------------------------------------------------------------

MAGNA INTERNATIONAL INC.

Ticker:       MG.A           Security ID:  CA5592224011
Meeting Date: AUG 19, 2003   Meeting Type: Special
Record Date:  JUL 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Spin-Off Agreement                For       For        Management
1     Approve Spin-Off Agreement                For       For        Management


--------------------------------------------------------------------------------

MAGNA INTERNATIONAL INC.

Ticker:       MG.A           Security ID:  CA5592224011
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William H. Fike           For       For        Management
1.2   Elect  Director Manfred Gingl             For       For        Management
1.3   Elect  Director Michael D. Harris         For       For        Management
1.4   Elect  Director Edward C. Lumley          For       For        Management
1.5   Elect  Director Klaus Mangold             For       For        Management
1.6   Elect  Director Karlheinz Muhr            For       For        Management
1.7   Elect  Director Gerhard Randa             For       For        Management
1.8   Elect  Director Donald Resnick            For       For        Management
1.9   Elect  Director Royden R. Richardson      For       For        Management
1.10  Elect  Director Frank Stronach            For       For        Management
1.11  Elect  Director Franz Vranitzky           For       For        Management
1.12  Elect  Director Siegfried Wolf            For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management


--------------------------------------------------------------------------------

MANULIFE FINANCIAL CORPORATION

Ticker:       MFC.           Security ID:  CA56501R1064
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kevin E. Benson           For       For        Management
1.2   Elect  Director John M. Cassaday          For       For        Management
1.3   Elect  Director Lino J. Celeste           For       For        Management
1.4   Elect  Director Gail C.A. Cook-Bennett    For       For        Management
1.5   Elect  Director Dominic D'Alessandro      For       For        Management
1.6   Elect  Director Robert E. Dineen, Jr.     For       For        Management
1.7   Elect  Director Pierre Y. Ducros          For       For        Management
1.8   Elect  Director Allister P. Graham        For       For        Management
1.9   Elect  Director Thomas E. Kierans         For       For        Management
1.10  Elect  Director Lorna R. Marsden          For       For        Management
1.11  Elect  Director Arthur R. Sawchuk         For       For        Management
1.12  Elect  Director Hugh W. Sloan, Jr.        For       For        Management
1.13  Elect  Director Gordon G. Thiessen        For       For        Management
1.14  Elect  Director Michael H. Wilson         For       For        Management
1.15  Elect  Director David F. D'Alessandro     For       For        Management
1.16  Elect  Director Richard B. DeWolfe        For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
4     Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives
5     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercise
6     Terminate Supplemental Executive          Against   Against    Shareholder
      Retirement Plan


--------------------------------------------------------------------------------

MASONITE INTERNATIONAL CORP(FORMERLY PREMDOR INC.)

Ticker:       MHM.           Security ID:  CA5753841025
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Howard L. Beck            For       For        Management
1.2   Elect  Director John J. Berton            For       For        Management
1.3   Elect  Director John M. Cassaday          For       For        Management
1.4   Elect  Director Peter A. Crossgrove       For       For        Management
1.5   Elect  Director Fredrik S. Eaton          For       For        Management
1.6   Elect  Director Alan R. McFarland         For       For        Management
1.7   Elect  Director Philip S. Orsino          For       For        Management
1.8   Elect  Director Joseph L. Rotman          For       Withhold   Management
1.9   Elect  Director Saul M. Spears            For       For        Management
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

MDS INC.

Ticker:       MDS.           Security ID:  CA55269P3025
Meeting Date: MAR 4, 2004    Meeting Type: Annual
Record Date:  JAN 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Paul Anderson, Clarence Chandran,   For       For        Management
      Wendy Dobson, William Etherington, John
      Evans, Wilfred Lewitt, Robert Luba, John
      Mayberry, Mary Mogford, John Rogers,
      Nelson Sims as Directors
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

MERIDIAN GOLD INC.

Ticker:       MNG.           Security ID:  CA5899751013
Meeting Date: MAY 11, 2004   Meeting Type: Annual/Special
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect John A. Eckersley, Robert A. Horn,  For       For        Management
      Brian J. Kennedy, Christopher R.
      Lattanzi, Malcolm W. MacNaught, Gerald E.
      Munera, Carl L. Renzoni as Directors
2     Ratify Auditors                           For       For        Management
3     Amend Bylaws Re:Mandatory Retirement Age  For       Against    Management


--------------------------------------------------------------------------------

MI DEVELOPMENTS INC

Ticker:       MIM.A          Security ID:  CA55304X1042
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Option Plan up to 2.85      For       Against    Management
      Million Shares
2.1   Elect  Director Barry Byrd                For       For        Management
2.2   Elect  Director William G. Davis          For       For        Management
2.3   Elect  Director Philip Fricke             For       For        Management
2.4   Elect  Director Manfred Jakszus           For       For        Management
2.5   Elect  Director Frank Stronach            For       For        Management
2.6   Elect  Director Brian Tobin               For       For        Management
3     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors


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MOLSON INC. (FORMERLY MOLSON COMPANIES LTD. (THE))

Ticker:       MOL.A          Security ID:  CA6087103074
Meeting Date: JUN 22, 2004   Meeting Type: Annual/Special
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect John E. Cleghorn, Daniel W. Colson, For       For        Management
      Robert A. Ingram as Directors


--------------------------------------------------------------------------------

NATIONAL BANK OF CANADA

Ticker:       NA.            Security ID:  CA6330671034
Meeting Date: MAR 10, 2004   Meeting Type: Annual
Record Date:  JAN 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend By-Laws to Reduce the Minimum and   For       For        Management
      Maximum Number of Directors
2.1   Elect  Director Lawrence S. Bloomberg     For       For        Management
2.2   Elect  Director Pierre Bourgie            For       For        Management
2.3   Elect  Director Gerard Coulombe           For       For        Management
2.4   Elect  Director Bernard Cyr               For       For        Management
2.5   Elect  Director Shirley A. Dawe           For       For        Management
2.6   Elect  Director Nicole Diamond-Gelinas    For       For        Management
2.7   Elect  Director Jean Douville             For       For        Management
2.8   Elect  Director Marcel Dutil              For       For        Management
2.9   Elect  Director Jean Gaulin               For       For        Management
2.10  Elect  Director Paul Gobeil               For       For        Management
2.11  Elect  Director Suzanne Leclair           For       For        Management
2.12  Elect  Director E.A. Parkinson-Marcoux    For       For        Management
2.13  Elect  Director Real Raymond              For       For        Management
2.14  Elect  Director Roseann Runte             For       For        Management
2.15  Elect  Director Jean Turmel               For       For        Management
3     Amend By-Law to Increase Aggregate        For       For        Management
      Remuneration of Directors
4     Ratify Samson Belair/Deloitte & Touche as For       For        Management
      Auditors
5     Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
6     Request for Information Regarding Other   Against   For        Shareholder
      Boards on which the Bank's Directors
      Serve
7     Request for Details of Executive          Against   For        Shareholder
      Termination Clauses
8     Disclose Total Value of Pension Benefits  Against   For        Shareholder
      of Senior Executives
9     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercise
10    Require Auditor Independence              Against   Against    Shareholder
11    Declare Amendment to By-Law Null and Void Against   Against    Shareholder
12    Require Director Nominee Qualifications   Against   Against    Shareholder
13    Concerning the Audit of the Bank's        Against   Against    Shareholder
      Subsidiaries
14    Concerning Shareholder Questions at the   Against   Against    Shareholder
      Annual Meeting
15    Request for Details of Loans to Executive Against   Against    Shareholder
      Officers and Directors


--------------------------------------------------------------------------------

NEXEN (FORMERLY CANADIAN OCCIDENTAL PETROLEUM LTD.)

Ticker:       NXY.           Security ID:  CA65334H1029
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles W. Fischer        For       For        Management
1.2   Elect  Director Dennis G. Flanagan        For       For        Management
1.3   Elect  Director David A. Hentschel        For       For        Management
1.4   Elect  Director S. Barry Jackson          For       For        Management
1.5   Elect  Director Kevin J. Jenkins          For       For        Management
1.6   Elect  Director Thomas C. O'Neill         For       For        Management
1.7   Elect  Director Eric P. Newell            For       For        Management
1.8   Elect  Director Francis M. Saville        For       For        Management
1.9   Elect  Director Richard M. Thomson        For       For        Management
1.10  Elect  Director John M. Willson           For       For        Management
1.11  Elect  Director Victor J. Zaleschuk       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Adopt New By-Laws                         For       For        Management
4     Amend Stock Option Plan to Increase the   For       For        Management
      Number of Shares Reserved
5     Amend Stock Option Plan to Allow for      For       For        Management
      Share Appreciation Rights
6     Develop Senior Executive Compensation     Against   Against    Shareholder
      Plans Utilizing Performance and
      Time-Based Restricted Shares
7     Issue Climate Change Risks and            Against   Against    Shareholder
      Liabilities Report


--------------------------------------------------------------------------------

NORANDA INC.

Ticker:       NRD.           Security ID:  CA6554221037
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alex G. Balogh            For       For        Management
1.2   Elect  Director Andre Berard              For       For        Management
1.3   Elect  Director Jack L. Cockwell          For       For        Management
1.4   Elect  Director V.M. Kempston Darkes      For       For        Management
1.5   Elect  Director J. Trevor Eyton           For       For        Management
1.6   Elect  Director J. Bruce Flatt            For       For        Management
1.7   Elect  Director A.L. Flood                For       For        Management
1.8   Elect  Director Norman R. Gish            For       For        Management
1.9   Elect  Director Robert J. Harding         For       For        Management
1.10  Elect  Director David W. Kerr             For       For        Management
1.11  Elect  Director James W. McCutcheon       For       For        Management
1.12  Elect  Director Frank J. McKenna          For       For        Management
1.13  Elect  Director George E. Myhal           For       For        Management
1.14  Elect  Director Derek J. Pannell          For       For        Management
2     Ratify Auditors                           For       For        Management


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NOVA CHEMICALS CORP. (FORMERLY NOVA CORP.)

Ticker:       NCX.           Security ID:  CA66977W1095
Meeting Date: APR 14, 2004   Meeting Type: Annual/Special
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J.A. Blumberg             For       For        Management
1.2   Elect  Director F.P. Boer                 For       For        Management
1.3   Elect  Director J. Bougie                 For       For        Management
1.4   Elect  Director J.V. Creighton            For       For        Management
1.5   Elect  Director R.E. Dineen, Jr.          For       For        Management
1.6   Elect  Director L.Y. Fortier              For       For        Management
1.7   Elect  Director K.L. Hawkins              For       For        Management
1.8   Elect  Director J.M. Lipton               For       For        Management
1.9   Elect  Director A.M. Ludwick              For       For        Management
1.10  Elect  Director J.E. Newall               For       For        Management
1.11  Elect  Director J.G. Rennie               For       For        Management
1.12  Elect  Director J.M. Stanford             For       For        Management
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors
3     Approve Continuation of Company Under     For       For        Management
      Canadian Business Corporation Act
4     Adopt New By-Laws                         For       For        Management


--------------------------------------------------------------------------------

ONEX CORP.

Ticker:       OCX            Security ID:  CA68272K1030
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
2     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
3     Elect P. C. Godsoe, S. Gouin, B. M. King  For       For        Management
      and A. C. Thorsteinson as Directors


--------------------------------------------------------------------------------

PETRO-CANADA

Ticker:       PCA.           Security ID:  CA71644E1025
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  MAR 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ron A. Brenneman          For       For        Management
1.2   Elect  Director Angus A. Bruneau          For       For        Management
1.3   Elect  Director Gail Cook-Bennett         For       For        Management
1.4   Elect  Director Richard J. Currie         For       For        Management
1.5   Elect  Director Claude Fontaine           For       For        Management
1.6   Elect  Director Paul Haseldonckx          For       For        Management
1.7   Elect  Director Thomas E. Kierans         For       For        Management
1.8   Elect  Director Brian F. MacNeill         For       For        Management
1.9   Elect  Director Maureen McCaw             For       For        Management
1.10  Elect  Director Paul D. Melnuk            For       For        Management
1.11  Elect  Director Guylaine Saucier          For       For        Management
1.12  Elect  Director William W. Siebens        For       Withhold   Management
2     Ratify Deloitte & Touche LLP as Auditors  For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Prepare Report - Evaluation of Market     Against   Against    Shareholder
      Opportunities in Wind, Solar, and Other
      Renewable Sources of Energy
5     Issue Report - Specific Emission          Against   Against    Shareholder
      Reduction Initiatives


--------------------------------------------------------------------------------

PLACER DOME INC.

Ticker:       PDG.           Security ID:  CA7259061017
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect G. B. Coulombe as a Director        For       For        Management
1.2   Elect J. W. Crow as a Director            For       For        Management
1.3   Elect G. Farquharson as a Director        For       For        Management
1.4   Elect R. M. Franklin as a Director        For       For        Management
1.5   Elect D. S. Karpin as a Director          For       For        Management
1.6   Elect R. McFarland as a Director          For       For        Management
1.7   Elect C. L. Michel as a Director          For       For        Management
1.8   Elect E. A. Parkinson-Marcoux as a        For       For        Management
      Director
1.9   Elect J. K. Taylor as a Director          For       For        Management
1.10  Elect V. F. Taylor III as a Director      For       For        Management
1.11  Elect W. G. Wilson as a Director          For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Adopt or Amend Shareholder Rights Plan    For       For        Management
      (Poison Pill)


--------------------------------------------------------------------------------

POTASH CORP. SASKATCHEWAN INC.

Ticker:       POT.           Security ID:  CA73755L1076
Meeting Date: MAY 6, 2004    Meeting Type: Annual/Special
Record Date:  MAR 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Frederick J. Blesi         For       For        Management
1.2   Elect Director William J. Doyle           For       For        Management
1.3   Elect Director John W. Estey              For       For        Management
1.4   Elect Director Wade Fetzer III            For       For        Management
1.5   Elect Director Dallas J. Howe             For       For        Management
1.6   Elect Director Alice D. Laberge           For       For        Management
1.7   Elect Director Jeffrey J. McCaig          For       For        Management
1.8   Elect Director Mary Mogford               For       For        Management
1.9   Elect Director Paul J. Schoenhals         For       For        Management
1.10  Elect Director E. Robert Stromberg        For       For        Management
1.11  Elect Director Jack G. Vicq               For       For        Management
1.12  Elect Director Elena Viyella De Paliza    For       For        Management
2     Appoint Deloitte & Touche LLP as Auditors For       For        Management
3     Adopt 'Commonsense' Compensation Program  Against   Against    Shareholder


--------------------------------------------------------------------------------

POWER CORP. OF CANADA

Ticker:       POW            Security ID:  CA7392391016
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect L. Dassault, A. Desmarais, P.       For       For        Management
      Desmarais, P. Desmarais Jr., M.
      Francois-Poncet, A. R. Graham, R.
      Gratton, D. F. Mazankowski, J. Nickerson,
      J. R. Nininger, R. Parizeau, M.
      Plessis-Belair, J. A. Rae, A. de Seze and
      E. Szathmary as Directors
2     Ratify Deloitte & Touche LLP as Auditors  For       For        Management
3     Confirm Amendments to By-Law No. 1        For       For        Management
4     Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
5     Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives
6     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exericse


--------------------------------------------------------------------------------

POWER FINANCIAL CORP.

Ticker:       PWF            Security ID:  CA73927C1005
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Andre Desmarais, Paul Desmarais     For       For        Management
      Sr., Paul Desmarais Jr., Gerald Frere,
      Anthony R. Graham, Robert Gratton, Donald
      F. Mazankowski, Jerry E.A. Nickerson,
      Michel Plessis-Belair, Raymond Royer, Guy
      St-Germain, Emoke J.E. Szathmary as
      Directors
2     Ratify Auditors                           For       For        Management
3     Amend Bylaws Re: Quorum Requirements      For       For        Management
4     Amend Stock Option Plan                   For       For        Management


--------------------------------------------------------------------------------

PRECISION DRILLING CORPORATION

Ticker:       PD.            Security ID:  CA74022D1006
Meeting Date: MAY 11, 2004   Meeting Type: Annual/Special
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect W.C. Dunn, Robert J.S. Gibson,      For       For        Management
      Murray K. Mullen, Patrick M. Murray, Fred
      W. Pheasey, Robert L. Phillips, Hank B.
      Swartout, H.Garth Wiggins as Directors
2     Ratify Auditors                           For       For        Management
3     Approve 2004 Stock Option Plan            For       Against    Management


--------------------------------------------------------------------------------

QLT INC.

Ticker:       QLT            Security ID:  CA7469271026
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Deloitte & Touche LLP as Auditors For       For        Management
      and Authorize Board to Fix Remuneration
      of Auditors
2     Fix Number of Directors at Eight          For       For        Management
3.1   Elect E. Duff Scott as a Director         For       For        Management
3.2   Elect Paul J. Hastings as a Director      For       For        Management
3.3   Elect Julia G. Levy as a Director         For       For        Management
3.4   Elect C. Boyd Clarke as a Director        For       For        Management
3.5   Elect Peter A. Crossgrove as a Director   For       For        Management
3.6   Elect Ronald D. Henriksen as a Director   For       For        Management
3.7   Elect Alan C. Mendelson  as a Director    For       For        Management
3.8   Elect L. Jack Wood as a Director          For       For        Management


--------------------------------------------------------------------------------

QUEBECOR WORLD INC

Ticker:       IQW.           Security ID:  CA7482031068
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect A. Charles Baillie, Reginald Brack, For       For        Management
      Derek Burney, Robert Coallier, James
      Doughan, The Hon. Richard Holbrooke,
      Eileen Mercier, The Right Hon. Brian
      Mulroney, Jean Neveu, Robert Normand,
      Erik Peladeau, Pierre Peladeau and Alain
      Rheaume as Directors
2     Appoint KPMG LLP as Auditors and          For       For        Management
      Authorize Board to Fix Remuneration of
      Auditors
3     Amend Quebecor World USA Employee Stock   For       For        Management
      Purchase Plan
4     Amend By-law One                          For       For        Management


--------------------------------------------------------------------------------

ROGERS COMMUNICATIONS INC.

Ticker:       RCI.B          Security ID:  CA7751092007
Meeting Date: MAY 27, 2004   Meeting Type: Special
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Vote Requirement                    For       Against    Management


--------------------------------------------------------------------------------

ROYAL BANK OF CANADA

Ticker:       RY.            Security ID:  CA7800871021
Meeting Date: FEB 27, 2004   Meeting Type: Annual/Special
Record Date:  JAN 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director W.G. Beattie               For       For        Management
1.2   Elect Director G.A. Cohon                 For       For        Management
1.3   Elect Director D.T. Elix                  For       For        Management
1.4   Elect Director J.T. Ferguson              For       For        Management
1.5   Elect Director L.Y. Fortier               For       For        Management
1.6   Elect Director P. Gauthier                For       For        Management
1.7   Elect Director J. Lamarre                 For       For        Management
1.8   Elect Director B.C. Louie                 For       For        Management
1.9   Elect Director J.E. Newall                For       For        Management
1.10  Elect Director G.M. Nixon                 For       For        Management
1.11  Elect Director D.P. O'Brien               For       For        Management
1.12  Elect Director C.R. Otto                  For       For        Management
1.13  Elect Director R.B. Peterson              For       For        Management
1.14  Elect Director J.P. Reinhard              For       For        Management
1.15  Elect Director C.W. Sewell, Jr.           For       For        Management
1.16  Elect Director K.P. Taylor                For       For        Management
1.17  Elect Director V.L. Young                 For       For        Management
2     Ratify Deloitte & Touche LLP as Auditors  For       For        Management
3     Adopt By-Law Prohibiting CEO from Sitting Against   Against    Shareholder
      on Other Boards
4     Disclose Total Value of Pension Benefits  Against   Against    Shareholder
      of Senior Executives
5     Adopt By-Law Providing that Insiders Give Against   Against    Shareholder
      Notice of Stock Trades and Stock Option
      Exercise
6     Provide Written Response to Question      Against   Against    Shareholder
      Raised at Annual Meeting by the Same Bank
      Representative who Answered the Question
      at the Annual Meeting


--------------------------------------------------------------------------------

SHELL CANADA LTD.

Ticker:       SHC.           Security ID:  CA8225671038
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  MAR 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Derek H. Burney as a Director       For       For        Management
1.2   Elect Linda Z. Cook as a Director         For       For        Management
1.3   Elect Ida J. Goodreau as a Director       For       For        Management
1.4   Elect Kerry L. Hawkins as a Director      For       For        Management
1.5   Elect David W. Kerr as a Director         For       For        Management
1.6   Elect W. Adrian Loader as a Director      For       For        Management
1.7   Elect Ronald W. Osborne as a Director     For       Withhold   Management
1.8   Elect Raymond Royer as a Director         For       For        Management
1.9   Elect Nancy C. Southern as a Director     For       For        Management
1.10  Elect Jeroen van der Veer as a Director   For       For        Management
2     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix
      Remuneration of Auditors
3     Adopt 'Commonsense' Compensation Program  Against   Against    Shareholder
4     Develop Senior Executive Compensation     Against   Against    Shareholder
      Plans Utilizing Performance and
      Time-Based Restricted Shares
5     Amend Long Term Incentive Plan            For       For        Management


--------------------------------------------------------------------------------

SHOPPERS DRUG MART CORP

Ticker:       SC.            Security ID:  CA82509W1032
Meeting Date: MAY 11, 2004   Meeting Type: Annual/Special
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect G. K. Murphy, J. Bekenstein, K.     For       For        Management
      Davis, J. H. Greene, Jr., F. McKenna, D.
      Metcalf, P. E. Raether, S. C. Schnabel,
      L. J. Thompson and D. M. Williams as
      Directors
2     Ratify Deloitte & Touche LLP as Auditors  For       For        Management
3     Enact By-law No. 2B                       For       For        Management
4     Institute 'Common Sense' Compensation     Against   Against    Shareholder


--------------------------------------------------------------------------------

SNC-LAVALIN GROUP INC.

Ticker:       SNC.           Security ID:  CA78460T1057
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect A. Bruneau, J. Cleghorn, J. Drouin, For       For        Management
      D. Goldman, J. Lamarre, A. Leach, P.
      Lessard, C. Mongeau, E.
      Parkinson-Marcoux, H. Segal, L. Stevenson
      as Directors
2     Ratify Auditors                           For       For        Management
3     Approve 2004 Stock Option Plan            For       For        Management
4     Institute 'Commonsense Executive          Against   Against    Shareholder
      Compensation' Program


--------------------------------------------------------------------------------

SUN LIFE FINANCIAL INC.

Ticker:       SLF.           Security ID:  CA8667961053
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend By-law No. 1: Retirement of         For       For        Management
      Directors
2     Amend By-law No. 1: Aggregate Maximum     For       For        Management
      Directors' Compensation
3.1   Elect  Director Robert M. Astley          For       For        Management
3.2   Elect  Director William R. Fatt           For       For        Management
3.3   Elect  Director Germaine Gibara           For       For        Management
3.4   Elect  Director Stanley H. Hartt          For       For        Management
3.5   Elect  Director Ronald W. Osborne         For       For        Management
3.6   Elect  Director Madeleine M. Paquin       For       For        Management
3.7   Elect  Director C. James Prieur           For       For        Management
3.8   Elect  Director Donald A. Stewart         For       For        Management
3.9   Elect  Director William W. Stinson        For       For        Management
3.10  Elect  Director W. Vickery Stoughton      For       For        Management
4     Ratify Deloitte & Touche LLP as Auditors  For       For        Management


--------------------------------------------------------------------------------

SUNCOR ENERGY INC

Ticker:       SU.            Security ID:  CA8672291066
Meeting Date: APR 29, 2004   Meeting Type: Annual/Special
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mel E. Benson             For       For        Management
1.2   Elect  Director Brian A. Canfield         For       For        Management
1.3   Elect  Director Susan E. Crocker          For       For        Management
1.4   Elect  Director Bryan P. Davies           For       For        Management
1.5   Elect  Director Brian A. Felesky          For       For        Management
1.6   Elect  Director John T. Ferguson          For       For        Management
1.7   Elect  Director W. Douglas Ford           For       For        Management
1.8   Elect  Director Richard L. George         For       For        Management
1.9   Elect  Director John R. Huff              For       For        Management
1.10  Elect  Director Robert W. Korthals        For       For        Management
1.11  Elect  Director M. Ann McCaig             For       For        Management
1.12  Elect  Director Michael W. O'Brien        For       For        Management
1.13  Elect  Director JR Shaw                   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit New Participants in the Senior     Against   Against    Shareholder
      Executive Retirement Plan to a
      Shareholder Vote


--------------------------------------------------------------------------------

TALISMAN ENERGY INC.

Ticker:       TLM.           Security ID:  CA87425E1034
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:  MAR 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Douglas D. Baldwin, James W.        For       For        Management
      Buckee, Kevin S. Dunne, Al L. Flood, Dale
      G. Parker, Lawrence G. Tapp, Stella M.
      Thompson, Robert G. Welty, Charles W.
      Wilson as Directors
2     Ratify Auditors                           For       For        Management
3     Approve 3:1 Stock Split                   For       For        Management


--------------------------------------------------------------------------------

TECK COMINCO LTD.

Ticker:       TEK.B          Security ID:  CA8787422044
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect J. B. Aune, L. I. Barber, H. J.     For       For        Management
      Bolton, J. W. Gill, M. Hisatsune, N. B.
      Keevil, N. B. Keevil III, T. Mochihara,
      W. S. R. Seyffert D. R. Sinclair, K. E.
      Steeves, C. Thompson, D. Thompson and R.
      J. Wright as Directors
2     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
3     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
4     Amend Stock Option Plan                   For       For        Management


--------------------------------------------------------------------------------

THOMSON CORP.

Ticker:       TOC.           Security ID:  CA8849031056
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David K.R. Thomson        For       For        Management
1.2   Elect  Director W. Geoffrey Beattie       For       For        Management
1.3   Elect  Director Richard J. Harrington     For       For        Management
1.4   Elect  Director Ron D. Barbaro            For       For        Management
1.5   Elect  Director Robert D. Daleo           For       For        Management
1.6   Elect  Director Steven A. Denning         For       For        Management
1.7   Elect  Director John F. Fraser            For       For        Management
1.8   Elect  Director V.M. Kempston Darkes      For       For        Management
1.9   Elect  Director Roger L. Martin           For       For        Management
1.10  Elect  Director Vance K. Opperman         For       For        Management
1.11  Elect  Director David H. Shaffer          For       For        Management
1.12  Elect  Director John M. Thompson          For       For        Management
1.13  Elect  Director Kenneth R. Thomson        For       For        Management
1.14  Elect  Director Peter J. Thomson          For       For        Management
1.15  Elect  Director Richard M. Thomson        For       For        Management
1.16  Elect  Director John A. Tory              For       For        Management
2     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

TRANSALTA CORP.

Ticker:       TA.            Security ID:  CA89346D1078
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director W.D. Anderson             For       For        Management
1.2   Elect  Director S.J. Bright               For       For        Management
1.3   Elect  Director J.C. Donald               For       For        Management
1.4   Elect  Director T.W. Faithfull            For       For        Management
1.5   Elect  Director J.T. Ferguson, F.C.A.     For       For        Management
1.6   Elect  Director G.D. Giffin               For       For        Management
1.7   Elect  Director L.D. Hyndman, O.C.,Q.C.   For       For        Management
1.8   Elect  Director C.K. Jespersen            For       For        Management
1.9   Elect  Director M.M. Kanovsky             For       For        Management
1.10  Elect  Director D.S. Kaufman              For       For        Management
1.11  Elect  Director J.S. Lane                 For       For        Management
1.12  Elect  Director L. Vazquez Senties        For       For        Management
1.13  Elect  Director S.G. Snyder               For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Amend and Continue Shareholder Rights     For       Against    Management
      Plan (Poison Pill)


--------------------------------------------------------------------------------

TRANSCANADA CORP

Ticker:       TRP.           Security ID:  CA89353D1078
Meeting Date: APR 23, 2004   Meeting Type: Annual/Special
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director D.D. Baldwin               For       For        Management
1.2   Elect Director W.K. Dobson                For       For        Management
1.3   Elect Director P. Gauthier                For       For        Management
1.4   Elect Director R.F. Haskayne              For       For        Management
1.5   Elect Director K.L. Hawkins               For       For        Management
1.6   Elect Director S.B. Jackson               For       For        Management
1.7   Elect Director P.L. Joskow                For       For        Management
1.8   Elect Director H.N. Kvisle                For       For        Management
1.9   Elect Director D.P. O'Brien               For       For        Management
1.10  Elect Director J.R. Paul                  For       For        Management
1.11  Elect Director H.G. Schaefer              For       For        Management
1.12  Elect Director W.T. Stephens              For       For        Management
2     Appoint KPMG LLP as Auditors and          For       For        Management
      Authorize Board to Fix Remuneration of
      Auditors
3     Amend Stock Option Plan                   For       For        Management
4     Ratify, Confirm and Approve the           For       For        Management
      Shareholder Rights Plan


--------------------------------------------------------------------------------

WESTON (GEORGE) LTD. (CANADA)

Ticker:       WN.            Security ID:  CA9611485090
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect A. C. Baillie, R. J. Dart, P. B. M. For       For        Management
      Eby, P. W. Farmer, A. L. Fraser, R. D.
      Fullerton, A. R. Graham, M. Hoffman, A.
      L. Leighton, J. C. Makinson, J. R. S.
      Prichard, M. D. W. Rebanks, G. G. Weston
      and W. G. Weston as Directors
2     Ratify KPMG LLP as Auditors               For       For        Management
3     Institute 'Common Sense' Compensation     Against   Against    Shareholder




=================== ISHARES MSCI EMERGING MARKETS INDEX FUND ===================


***COMPANIA DE TELECOMUNICACI-

Ticker:       CTC            Security ID:  204449300
Meeting Date: APR 15, 2004   Meeting Type: ANNUAL
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     A3) Elect two supervisory board members   FOR       DID NOT    Management
      and alternatives                                    VOTE
4     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
5     A5) Appoint Fitch Chile and Humphrey's    FOR       DID NOT    Management
      Ltda. as Credit Rating Agencies to Rate             VOTE
      the Company's Publicly Offered
      Securities; Fix their remuneration
6     A9) Approve Budget and Remuneration of    FOR       DID NOT    Management
      Audit Comm.                                         VOTE
7     A11) Approve Investment and Financing     FOR       DID NOT    Management
      Policy                                              VOTE
8     A14) Designate Newspaper (Diario          FOR       DID NOT    Management
      Financiero) to Publish Meeting                      VOTE
      Announcements
9     Other Business                            FOR       DID NOT    Management
                                                          VOTE
10    Reorganization Plan                       FOR       DID NOT    Management
                                                          VOTE
11    E2) Authorize Board to Ratify and Execute FOR       DID NOT    Management
       Approved Resolution                                VOTE


--------------------------------------------------------------------------------

***COMPANIA DE TELECOMUNICACI-

Ticker:       CTC            Security ID:  204449300
Meeting Date: JUL 11, 2003   Meeting Type: SPECIAL
Record Date:  JUN 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
2     Amend the Articles of Incorporation       FOR       DID NOT    Management
                                                          VOTE
3     Authorize Board to Ratify and Execute     FOR       DID NOT    Management
      Approved Resolutions.                               VOTE


--------------------------------------------------------------------------------

***ENERSIS SA-SPONSORED ADR

Ticker:       ENI            Security ID:  29274F104
Meeting Date: MAR 26, 2004   Meeting Type: SPECIAL
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approval of the reinstatement of the      FOR       DID NOT    Management
      maximum concentration level of shs                  VOTE
      ownership and concentration factor.
2     Approval of the establishment of a pledge FOR       DID NOT    Management
      over shs issued by CGTF Fortaleza S.A.              VOTE
      which are owned by Enersis S.A. as
      security on credit obligations assumed by
      CGTF with International Finance
      Corporation.
3     Approval in order to adopt the agreement  FOR       DID NOT    Management
      and delegation of power of attorney                 VOTE
      required in order to comply w/ agreements
      approved by the shareholder's meeting.
4     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
5     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
6     Approval of the investment and financing  FOR       DID NOT    Management
      policy.                                             VOTE


--------------------------------------------------------------------------------

***ROSTELECOM LONG DISTANCE

Ticker:       ROS            Security ID:  778529107
Meeting Date: JUN 26, 2004   Meeting Type: ANNUAL
Record Date:  MAY 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     Election of the Directors                 FOR       SPLIT      Management
4     4.1) Elect members of Inspection          FOR       FOR        Management
      Committee (Audit Commission)
5     4.2) Elect members of Inspection          FOR       FOR        Management
      Committee (Audit Commission)
6     4.3) Elect members of Inspection          FOR       FOR        Management
      Committee (Audit Commission)
7     Appointment of the Auditors               FOR       FOR        Management
8     Amend the Charter of Corporation          FOR       AGAINST    Management
9     7) New amended Charter as well as the     FOR       AGAINST    Management
      regulations for the bd of directors are
      published on the co's website.


--------------------------------------------------------------------------------

***TAIWAN SEMICONDUCTOR MFG CO

Ticker:       TSM            Security ID:  874039100
Meeting Date: MAY 11, 2004   Meeting Type: ANNUAL
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Approve capitalization of 2003 dividends  FOR       DID NOT    Management
      and employee profit sharing                         VOTE


--------------------------------------------------------------------------------

***WIPRO LTD-ADR

Ticker:       WIT            Security ID:  97651M109
Meeting Date: JUL 17, 2003   Meeting Type: ANNUAL
Record Date:  JUN 5, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      FOR       FOR        Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     Election of the Directors                 FOR       FOR        Management
4     Election of the Directors                 FOR       FOR        Management
5     Appointment of the Auditors               FOR       FOR        Management
6     Election of the Directors                 FOR       FOR        Management
7     Election of the Directors                 FOR       FOR        Management
8     Stock Option Plan                         FOR       AGAINST    Management


--------------------------------------------------------------------------------

***WIPRO LTD-ADR

Ticker:       WIT            Security ID:  97651M109
Meeting Date: JUN 11, 2004   Meeting Type: ANNUAL
Record Date:  MAY 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     Election of the Directors                 FOR       FOR        Management
4     Election of the Directors                 FOR       FOR        Management
5     Appointment of the Auditors               FOR       FOR        Management
6     Approve reappointment and remuneration of FOR       FOR        Management
      V. Paul, Executive director.
7     Approve incr in authorized capital to INR FOR       FOR        Management
      1.75 billion
8     Amend the Articles of Incorporation       FOR       FOR        Management
9     Authorize  capitalization of reserves for FOR       FOR        Management
      bonus issue
10    Approve delisting of common shs and all   FOR       FOR        Management
      other securities from the Ahmedabad,
      Bangalore, Calcutta, Cochin, and Delhi
      stock exchange.
11    Restricted Stock Option Plan              FOR       FOR        Management
12    Restricted Stock Option Plan              FOR       FOR        Management


--------------------------------------------------------------------------------

ABS-CBN BROADCASTING CORP (FORMERLY ABS-CBN HLDGS CORP)

Ticker:                      Security ID:  PHY000271056
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       Did Not    Management
                                                          Vote
2     Proof of Service of Notice                For       Did Not    Management
                                                          Vote
3     Certification of Quorum                   For       Did Not    Management
                                                          Vote
4     Approve Minutes of Previous Shareholder   For       Did Not    Management
      Meeting                                             Vote
5     Approve Annual Report of Management       For       Did Not    Management
                                                          Vote
6     Approval of Audited Financial Statements  For       Did Not    Management
                                                          Vote
7     Elect Directors                           For       Did Not    Management
                                                          Vote
8     Amend Articles Re: Incorporation of       For       Did Not    Management
      Corporate Governance Guidelines Adopted             Vote
      by the Company and Include Procedure for
      the Nomination and Election of
      Independent Directors
9     Ratify Acts of Board and Management       For       Did Not    Management
                                                          Vote
10    Other Business                            For       Did Not    Management
                                                          Vote
11    Adjournment                               For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ADANA CIMENTO

Ticker:                      Security ID:  TRAADANA91F0
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Accept Board and Statutory Reports        For       Abstain    Management
4     Accept Independent External Auditors'     For       Abstain    Management
      Report
5     Accept Financial Statements               For       Abstain    Management
6     Elect Directors Appointed During the Year For       For        Management
7     Approve Discharge of Board and Internal   For       For        Management
      Auditors
8     Approve Allocation of Income              For       For        Management
9     Elect Directors and Determine Their       For       For        Management
      Remuneration
10    Elect Internal Auditors and Determine     For       For        Management
      Their Remuneration
11    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions With
      the Company and Be Involved with
      Companies with Similar Corporate Purpose
12    Ratify Independent External Auditors      For       For        Management
13    Approve Board Report Re: Payment of       For       Abstain    Management
      Increased Tax from Extraordinary Reserves
14    Approve Donations Made in Financial Year  For       Against    Management
      2003
15    Wishes                                    None      None       Management


--------------------------------------------------------------------------------

ADANA CIMENTO

Ticker:                      Security ID:  TRAADANA91F0
Meeting Date: MAR 26, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Approve Spin-Off Agreement                For       Did Not    Management
                                                          Vote
4     Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ADANA CIMENTO

Ticker:                      Security ID:  TRAADANA91F0
Meeting Date: JAN 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Amend Article 7 of Articles of            For       For        Management
      Association
4     Wishes and Close Meeting                  None      None       Management


--------------------------------------------------------------------------------

ADVANCED INFO SERVICE PCL

Ticker:       AVIFY          Security ID:  TH0268010Z11
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Minutes of Previous AGM           For       For        Management
3     Accept Report on Company Performance in   For       Abstain    Management
      2003
4     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
5     Elect Directors and Fix Their             For       For        Management
      Remuneration
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
7     Approve Allocation of Income and          For       For        Management
      Dividends
8     Approve Issuance of Nine Million Units of For       For        Management
      Warrants to Directors, Employees, and
      Advisors of the Company Under the ESOP
      Grant III
9     Approve the Issuance of Nine Million      For       For        Management
      Shares Reserved Exclusively for the
      Conversion of Warrants Under the ESOP
      Grant III
10    Approve Issuance of Warrants to           For       For        Management
      Directors, Employees and Advisors
      Exceeding Five Percent of the Total
      Issuance Under the ESOP Grant III
11    Approve Issuance of 125,591 Shares        For       For        Management
      Reserved Exclusively for the Conversion
      of Warrants Under ESOP Grant I & II
12    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

AFRICAN BANK INVESTMENTS (FORMERLY THETA GROUP )

Ticker:                      Security ID:  ZAE000030060
Meeting Date: FEB 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
1.2.2 Reelect A.S. Mabogoane as Director        For       For        Management
1.2.3 Reelect L. Kirkinis as Director           For       For        Management
1.2.4 Reelect G. Schachat as Director           For       For        Management
1.2.5 Reelect D.F.G. Tembe as Director          For       For        Management
1.2.6 Reelect J.A. de Ridder as Director        For       For        Management
1.2.7 Reelect D. F. Woollam as Director         For       For        Management
2     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
3     Approve Company to Make Payments to       For       For        Management
      Shareholders
4     Approve Reduction in Share Capital by Way For       For        Management
      of Cancellation of 20 Million Shares Held
      by Standard General Insurance Company
      Ltd.
5     Approve Reappointment of Delotte & Touche For       For        Management
      as Auditors and Authorize Board to Fix
      Their Remuneration
6     Amend Articles to Reflect Approval of     For       For        Management
      Share Repurchase
7     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
8     Amend Articles of Association Re:         For       For        Management
      Dividends


--------------------------------------------------------------------------------

AKBANK

Ticker:                      Security ID:  TRAAKBNK91N6
Meeting Date: DEC 25, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council and Authorize     For       For        Management
      Council to Sign Minutes of Meeting
2     Amend Articles Re: Corporate Purpose,     For       Against    Management
      Capital Payment Rules, and Distribution
      of Profits
3     Approve Report Re: Donationa Made in 2002 For       Against    Management


--------------------------------------------------------------------------------

AKCANSA CIMENTO SA

Ticker:                      Security ID:  TRAAKCNS91F3
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Accept Board and Statutory Reports        For       Abstain    Management
4     Approve Donations Made in Financial Year  For       Against    Management
      2003
5     Accept Financial Statements and Approve   For       Abstain    Management
      Allocation of Income
6     Elect Directors Appointed During the Year For       For        Management
7     Approve Discharge of Board and Internal   For       For        Management
      Auditors
8     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
9     Elect Internal Auditors and Determine     For       For        Management
      Their Terms of Office
10    Ratify Independent External Auditors      For       For        Management
11    Increase Authorized Capital TRL 500       For       Against    Management
      Trillion
12    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions With
      the Company and Be Involved with
      Companies with Similar Corporate Purpose
13    Wishes                                    None      None       Management


--------------------------------------------------------------------------------

ALEXANDER FORBES LIMITED (FORMERLY FORBES GROUP)

Ticker:                      Security ID:  ZAE000018230
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Mar. 31, 2003
2.1   Reelect G.W. Kerrigan as Director         For       For        Management
2.2   Reelect M.C. Ramaphosa as Director        For       For        Management
2.3   Reelect J.V.H. Robins as Director         For       For        Management
2.4   Reelect C.P. van Niekerk as Director      For       For        Management
3     Reappoint PricewaterhouseCoopers Inc. as  For       For        Management
      Auditors
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Cash Distribution to Shareholders For       For        Management
      in the Amount of ZAR 0.15 by Means of a
      Reduction of Share Premium Account
6     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ALFA S.A.

Ticker:                      Security ID:  MXP000511016
Meeting Date: FEB 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve MXN 26 Million Reduction in       For       Did Not    Management
      Capital for Bonus Payment to Shareholders           Vote
2     Grant Board Authority to Conven an EGM in For       Did Not    Management
      First Quarter of 2005 Re: Reduction in              Vote
      Capital
3     Amend Article 7 Re: Reflect Changes in    For       Did Not    Management
      Capital and Compliance with Mexican                 Vote
      Market Regulations
4     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote
5     Approve Minutes of Meeting                For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ALFA S.A.

Ticker:                      Security ID:  MXP000511016
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of USD 0.075 Per Share; Set
      Maximum Limit of Share Repurchase Reserve
3     Elect Directors and Supervisory Board and For       For        Management
      Fix Their Remuneration
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

AMERICA MOVIL SA DE CV MEXICO

Ticker:                      Security ID:  MXP001691213
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors Representing Series L     For       For        Management
      Shares
2     Approve Swap of Company's Shares          For       For        Management
3     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

AMERICA MOVIL SA DE CV MEXICO

Ticker:                      Security ID:  MXP001691213
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Parent Company and                      Vote
      Subsidiaries; Approve Allocation of
      Income and Dividend of MXN 0.12 Per
      Series AA, A, and L Share
2     Approve Discharge of Management Board;    For       Did Not    Management
      Elect and Fix the Remuneration of the               Vote
      Management Board, Supervisory Board and
      Their Alternates
3     Approve Discharge of Executive, Audit,    For       Did Not    Management
      and Compensation Committee; Elect Members           Vote
      of Committees and Fix Their Remuneration
4     Accept Director's Report on Share         For       Did Not    Management
      Repurchase Plan; Set Limit for Share                Vote
      Repurchase Reserve
5     Approve Swap of Company's Shares          For       Did Not    Management
                                                          Vote
6     Designate Shareholder Representatives of  For       Did Not    Management
      Minutes of Meeting                                  Vote


--------------------------------------------------------------------------------

ANGLO AMERICAN PLATINUM CORP. LTD.

Ticker:                      Security ID:  ZAE000013181
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2.1   Reelect L. Boyd as Director               For       For        Management
2.2   Reelect W.A. Nairn as Director            For       For        Management
2.3   Reelect R. Havenstein as Director         For       For        Management
      Appointed During the Year
2.4   Reelect B.A. Khumalo as Director          For       For        Management
      Appointed During the Year
2.5   Reelect R.G. Mills as Director Appointed  For       For        Management
      During the Year
2.6   Reelect A.M. Thebyane as Director         For       For        Management
      Appointed During the Year
2.7   Reelect P.L Zim as Director Appointed     For       For        Management
      During the Year
3     Ratify Deloitte & Touche as Auditors      For       For        Management
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Remuneration of Directors         For       For        Management


--------------------------------------------------------------------------------

ANGLO AMERICAN PLATINUM CORP. LTD.

Ticker:                      Security ID:  ZAE000013181
Meeting Date: MAR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Creation of 40 Million          For       For        Management
      Convertible Perpetual Cumulative
      Preference Shares
2     Amend Articles to Re: Rights and          For       For        Management
      Privileges of Preference Shares
3     Approve Increase in Authorized Capital    For       For        Management
      Equal to Any Increase in Issued Capital
      Due to Conversion of Preference Shares
      into Ordinary Shares
4     Place Authorized But Unissued Preference  For       For        Management
      Shares under Control of Directors


--------------------------------------------------------------------------------

ANGLO AMERICAN PLATINUM CORP. LTD.

Ticker:                      Security ID:  ZAE000013181
Meeting Date: MAR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Share Option Scheme, Long-Term    For       Did Not    Management
      Incentive Plan, Deferred Bonus Plan, and            Vote
      Share Trust
2     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote


--------------------------------------------------------------------------------

ANGLO AMERICAN PLC (FORMERLY ANGLO AME. CORP. OF S. AFRICA L

Ticker:                      Security ID:  GB0004901517
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 39 US cents Per For       For        Management
      Ordinary Share
3     Elect M Marques as Director               For       For        Management
4     Re-elect Barry Davison as Director        For       For        Management
5     Re-elect Chris Fay as Director            For       For        Management
6     Re-elect Tony Lea as Director             For       For        Management
7     Re-elect Rob Margetts as Director         For       For        Management
8     Re-elect Bill Nairn as Director           For       For        Management
9     Re-elect Nicky Oppenheimer as Director    For       For        Management
10    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
11    Approve Remuneration Report               For       For        Management
12    Approve Anglo American Bonus Share Plan   For       For        Management
      2004
13    Authorise the Directors to Establish      For       For        Management
      Further Similar Bonus Share Plans
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 246,500,000
15    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 31,750,000
16    Authorise 148 Million Shares for Market   For       For        Management
      Purchase


--------------------------------------------------------------------------------

ANGLOGOLD ASHANTI LTD.

Ticker:       ASL            Security ID:  ZAE000043485
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Reelect J.G. Best as Director             For       For        Management
3     Reelect E. le R. Bradley as Director      For       For        Management
4     Reelect A.J. Trahar as Director           For       Against    Management
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Approve Increase in Remuneration of       For       For        Management
      Directors
8     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ANGLOGOLD ASHANTI LTD.

Ticker:       ASL            Security ID:  ZAE000043485
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of Up to 15.4 Million  For       For        Management
      Shares Pursuant to Conversion of 2.375
      Percent Guaranteed Convertible Bonds
2     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
3     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of Ten
      Percent of Issued Capital


--------------------------------------------------------------------------------

ANGLOGOLD ASHANTI LTD.

Ticker:       ASHHF          Security ID:  ZAE000043485
Meeting Date: APR 8, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Change of Company Name to         For       For        Management
      AngloGold Ashanti Limited


--------------------------------------------------------------------------------

AO TATNEFT

Ticker:       TNT            Security ID:  03737P306
Meeting Date: JUN 25, 2004   Meeting Type: ANNUAL
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     Dividend/Income Allocation Proposals      FOR       FOR        Management
4     Election of the Directors                 FOR       FOR        Management
5     Elect members of inspection committee     FOR       FOR        Management
      (audit comission)
6     Appointment of the Auditors               FOR       FOR        Management
7     Amend the Charter of Corporation          FOR       AGAINST    Management
8     Approval to make amendments to the        FOR       AGAINST    Management
      charter and the regulations on the board
      of directors and the general director.
9     Approval to make amendments to the        FOR       AGAINST    Management
      charter and the regulations on the board
      of directors and the general director.


--------------------------------------------------------------------------------

ARCELIK

Ticker:                      Security ID:  TRAARCLK91H5
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Accept Financial Statements, Board        For       Abstain    Management
      Report,and Statutory Reports
3     Elect Directors Appointed During the Year For       For        Management
4     Approve Discharge of Board and Internal   For       For        Management
      Auditors
5     Approve Allocation of Income              For       For        Management
6     Fix Number of and Elect Directors         For       For        Management
7     Elect Internal Auditors                   For       For        Management
8     Approve Remuneration of Chairman,         For       For        Management
      Directors, and Internal Auditors
9     Approve Donations Made in Financial Year  For       Against    Management
      2003
10    Amend Corporate Purpose                   For       For        Management
11    Ratify Independent External Auditors      For       For        Management
12    Grant Permission for Board Members to     For       For        Management
      Engage in Commerical Transactions with
      the Company and Be Involved with
      Companies with Similar Corporate Purpose
13    Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
14    Wishes                                    None      Against    Management


--------------------------------------------------------------------------------

AUDIOCODES LTD.

Ticker:       AUDC           Security ID:  M15342104
Meeting Date: OCT 29, 2003   Meeting Type: ANNUAL
Record Date:  SEP 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Election of the Directors                 FOR       FOR        Management
2     Election of the Directors                 FOR       FOR        Management
3     Stock Option Plan                         FOR       AGAINST    Management
4     Election of the Directors                 FOR       FOR        Management
5     Stock Option Plan                         FOR       AGAINST    Management
6     Election of the Directors                 FOR       FOR        Management
7     Appointment of the Auditors               FOR       FOR        Management
8     Stock Option Plan                         FOR       AGAINST    Management
9     Limit Director Liability                  FOR       AGAINST    Management


--------------------------------------------------------------------------------

AVI LTD(FRMLY ANGLOVAAL INDUSTRIES LTD. (AVI))

Ticker:                      Security ID:  ZAE000030102
Meeting Date: OCT 20, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Reelect KPMG Inc. as Auditors             For       For        Management
3     Reelect A.J. Ardington as Director        For       For        Management
4     Reelect P.M. Goss as Director             For       For        Management
5     Reelect J.R. Hersov as Director           For       For        Management
6     Reelect B.T. Wood as Director             For       For        Management
7     Change Company Name to AVI Limited        For       For        Management
8     Amend The Anglovaal Industries Limited    For       Against    Management
      Equity Participation Plan
9     Amend Articles Re: Preference Shares      For       Against    Management
10    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
12    Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors


--------------------------------------------------------------------------------

AYALA CORPORATION

Ticker:       AYYLY          Security ID:  PHY0486V1071
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  FEB 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Determination of Quorum                   For       For        Management
2     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting
3     Approve Annual Report                     For       Abstain    Management
4.1   Ratify Acts of the Board and the          For       For        Management
      Executive Committee
4.2   Ratify Resolution of the Board of         For       For        Management
      Directors Adopted on Jan. 20,2004
      Declaring a 20% Stock Dividend
5     Elect Directors                           For       For        Management
6     Elect Auditors and Authorize Board to Fix For       For        Management
      Their Remuneration
7     Other Business                            For       Against    Management
8     Adjournment                               For       For        Management


--------------------------------------------------------------------------------

BANCO SANTANDER CHILE

Ticker:       SAN            Security ID:  05965X109
Meeting Date: APR 20, 2004   Meeting Type: ANNUAL
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
4     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
5     Approve Remuneration of DIrectors         FOR       DID NOT    Management
                                                          VOTE
6     Approve Budget of Audit Committee         FOR       DID NOT    Management
                                                          VOTE
7     Special Auditors' Report Regarding        FOR       DID NOT    Management
      Related-Party Transactions                          VOTE
8     Other Business                            FOR       DID NOT    Management
                                                          VOTE
9     Corporate Name Change                     FOR       DID NOT    Management
                                                          VOTE
10    Authorize Board to Ratify and Execute     FOR       DID NOT    Management
      Approved Resolutions                                VOTE


--------------------------------------------------------------------------------

BANGKOK BANK

Ticker:                      Security ID:  TH0001010014
Meeting Date: APR 9, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Reports on Capital Increase        For       Abstain    Management
3     Accept Report on Company Performance in   For       Abstain    Management
      2003
4     Accept Report of the Audit Committee      For       Abstain    Management
5     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
6     Approve Non-Allocation of Income and      For       For        Management
      Omission of Dividends
7     Approve Transfer of Capital Reserve,      For       For        Management
      Legal Reserve, and Share Premium Reserve
      to Reduce the Accumulated Losses of the
      Company
8     Elect Directors                           For       For        Management
9     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
10    Approve Allocation of Shares and Issuance For       Against    Management
      of Various Types of the Bank's Securities
11    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

BANGKOK EXPRESSWAY PCL

Ticker:                      Security ID:  TH0483010011
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:  MAR 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 1.50 per Share
5     Elect Directors                           For       For        Management
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
7     Approve Remuneration of Directors         For       For        Management
8     Approve Ernst & Young Office Limited as   For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

BANGKOK EXPRESSWAY PCL

Ticker:                      Security ID:  TH0483010011
Meeting Date: SEP 3, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Approve Issuance of Debentures at a       For       For        Management
      Maximum of Baht 36 Billion
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

BANK DANAMON

Ticker:                      Security ID:  ID1000094204
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Elect Directors and Commissioners         For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Approve Remuneration of Commissioners     For       For        Management
6     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Report on Changes to the Audit Committee  For       Against    Management


--------------------------------------------------------------------------------

BANK DANAMON

Ticker:                      Security ID:  ID1000094204
Meeting Date: MAR 26, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Shareholding in PT For       Against    Management
      Adira Dinamika Multi Finance
2     Amend Articles of Association             For       Against    Management
3     Approve Stock Option Plan                 For       Against    Management


--------------------------------------------------------------------------------

BANK HAPOALIM B.M.

Ticker:                      Security ID:  IL0006625771
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:  SEP 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Discuss Financial Statements and          For       Abstain    Management
      Statutory Reports (Voting)
2a    Approve Terms of Tenure of Directors      For       Against    Management
2b    Approve Terms of Tenure of Board Chairman For       Against    Management
3a    Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
3b    Report on Auditors' Remuneration          For       For        Management
4     Renew Director/Officer Liability and      For       Against    Management
      Indemnification Insurance


--------------------------------------------------------------------------------

BANK HAPOALIM B.M.

Ticker:                      Security ID:  IL0006625771
Meeting Date: NOV 17, 2003   Meeting Type: Special
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement with Mishkan, a  For       For        Management
      Wholly-Owned Subsidiary of the Company


--------------------------------------------------------------------------------

BANK LEUMI LE-ISRAEL

Ticker:                      Security ID:  IL0006046119
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  JUN 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports (Voting)
2     Approve Final Dividend for 2003           For       For        Management
3a    Reelect Eitan Raff as Director            For       For        Management
3b    Reelect Chaim Yaron as Director           For       For        Management
3c    Reelect Vered Raichman as Director        For       For        Management
4a    Elect Moshe Vidman as Director            For       For        Management
4b    Elect Shlomo Yanai as Director            For       For        Management
5     Approve Compensation of Directors         For       For        Management
6     Reelect Somekh Chaikin and Kost Forer     For       For        Management
      Gabbay & Kasierer as Auditors and
      Authorize Board to Fix Their Remuneration
7     Approve Resolutions Concerning Approval   For       Against    Management
      of Holding Positions and Disclosure by
      Officers


--------------------------------------------------------------------------------

BANK LEUMI LE-ISRAEL

Ticker:                      Security ID:  IL0006046119
Meeting Date: FEB 15, 2004   Meeting Type: Special
Record Date:  FEB 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividend of NIS 0.225 Per Share   For       For        Management
      on February 18, 2004
2     Approve Exemption for the Directors of    For       Against    Management
      the Bank
3     Approve Director/Officer Indemnification  For       Against    Management
      Agreements
4     Approve Director/Officer Liability and    For       Against    Management
      Indemnification Insurance, with Cover of
      an Amount up to $200 Million
5     Approve Amendment to Employment Agreement For       For        Management
      of the Board Chairman


--------------------------------------------------------------------------------

BANK LEUMI LE-ISRAEL

Ticker:                      Security ID:  IL0006046119
Meeting Date: JUL 24, 2003   Meeting Type: Annual
Record Date:  JUL 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Discuss Financial Statements  For       Abstain    Management
      and Statutory Reports for the Year Ending
      December 31, 2002 (Voting)
2     Refrain from Distrubution of Final        For       For        Management
      Dividend
3     Elect Meir Dayan as External Director     For       For        Management
4a    Re-elect Barouch Bahat as Director        For       For        Management
4b    Re-elect Renana Gutman as Director        For       For        Management
4c    Re-elect Rena Shashua-Hasson as Director  For       For        Management
5a    Elect Yaakov Goldman as Director          For       For        Management
5b    Elect Nurit Segal as Director             For       For        Management
6     Approve Remuneration of Directors and     For       For        Management
      External Directors in the Amount of NIS
      1,785 ($417) Per Meeting and NIS 46,536
      ($10,872) Per Year
7     Approve Luboshitz Kasierer and Somekh     For       For        Management
      Chaikin as Auditors and Authorize Board
      to Fix Their Remuneration
8     Approve Resolutions Concerning Approval   For       Against    Management
      of Holding Positions and Disclosures by
      Officers, According to Text Presented to
      the General Meeting


--------------------------------------------------------------------------------

BANK OF THE PHILIPPINE ISLANDS

Ticker:                      Security ID:  PHY0967S1694
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice                   For       For        Management
3     Roll Call of Stockholders                 For       For        Management
4     Determination and Declaration of Quorum   For       For        Management
5     Approve Minutes of the Annual Shareholder For       For        Management
      Meeting on Apr. 3, 2003
6     Reading of Annual Report and Approval of  For       Abstain    Management
      the Bank's Statement of Condition as of
      Dec. 31, 2003 Incorporated in the Annual
      Report
7     Approve and Confirm All Acts During the   For       For        Management
      Past Year of the Board of Directors,
      Executive Committee, and All Other Board
      and Management Committes and Officers of
      BPI
8     Declare Stock Dividend                    For       For        Management
9     Elect 15 Members of the Board of          For       For        Management
      Directors
10    Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
11    Approve Bonuses of Directors              For       For        Management
12    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

BANK RAKYAT INDONESIA

Ticker:                      Security ID:  ID1000096001
Meeting Date: MAY 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
5     Approve Remuneration of Directors and     For       For        Management
      Commissioners
6     Elect Directors                           For       For        Management
7     Elect Commissioners                       For       For        Management
8     Approve Stock Option Plan                 For       Against    Management
9     Approve Write-off of Debt                 For       Against    Management


--------------------------------------------------------------------------------

BANPU PUBLIC COMPANY LTD.

Ticker:                      Security ID:  TH0148010018
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 2.5 Per Share
5.1   Elect Directors                           For       For        Management
5.2   Approve Remuneration of Directors         For       For        Management
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
7     Amend Corporate Purpose                   For       For        Management
8     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

BANPU PUBLIC COMPANY LTD.

Ticker:                      Security ID:  TH0148010018
Meeting Date: FEB 23, 2004   Meeting Type: Special
Record Date:  FEB 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2.1   Approve Sale of 217.4 Million Shares in   For       For        Management
      Ratchaburi Electricity Generating Holding
      Public Company Limited
2.2   Acquire 131.2 Million Shares in           For       For        Management
      Electricity Generating Public Company
      Limited
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

BARLOWORLD LIMITED (FORMERLY BARLOW LTD.)

Ticker:                      Security ID:  ZAE000026639
Meeting Date: JAN 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allotment and Issuance of Shares  For       For        Management
      Pursuant to Avis Southern Africa Scheme
      of Arrangement
2     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BARLOWORLD LIMITED (FORMERLY BARLOW LTD.)

Ticker:                      Security ID:  ZAE000026639
Meeting Date: JAN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Sept. 30, 2003
2     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
3.1   Reelect L.S. Day as Director              For       For        Management
3.2   Reelect S.B. Pfeiffer as Director         For       For        Management
3.3   Reelect A.J. Phillips as Director         For       For        Management
3.4   Reelect P.M. Surgey as Director           For       For        Management
3.5   Elect C.B. Thomson as Director            For       For        Management
3.6   Reelect R.C. Tomkinson as Director        For       For        Management
4     Reappoint Deloitte & Touche as Auditors   For       For        Management
5     Approve Stock Option Plan Grants          For       Against    Management
6     Amend Stock Option Scheme Re: Reduce      For       Against    Management
      Maximum Life of Options to Six Years


--------------------------------------------------------------------------------

BBVA BANCO FRANCES S A

Ticker:       BFR            Security ID:  07329M100
Meeting Date: APR 22, 2004   Meeting Type: SPECIAL
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Designate Two Shareholder Representatives FOR       DID NOT    Management
      of Minutes of Meeting.                              VOTE
2     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
3     Approve Discharge of Management and       FOR       DID NOT    Management
      Supervisory Boards                                  VOTE
4     Approve Treatment of Losses               FOR       DID NOT    Management
                                                          VOTE
5     Approve Remuneration of Directors in the  FOR       DID NOT    Management
      Amount of ARS 2.83 mln                              VOTE
6     Approve Remuneration of Supervisory Board FOR       DID NOT    Management
                                                          VOTE
7     Fix the Number of Directors On Board      FOR       DID NOT    Management
                                                          VOTE
8     Elect Supervisory Board Members           FOR       DID NOT    Management
                                                          VOTE
9     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
10    Approve Budget of Audit Comm; Ratify      FOR       DID NOT    Management
      Audit Comm Guidelines                               VOTE
11    Increase the Authorized Common Stock      FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

BEC WORLD PUBLIC COMPANY LIMITED

Ticker:                      Security ID:  TH0592010Z14
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept Directors' Report                  For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 0.20 per Share
5     Elect Directors and Fix Their             For       For        Management
      Remuneration
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

BEC WORLD PUBLIC COMPANY LIMITED

Ticker:                      Security ID:  TH0592010019
Meeting Date: DEC 16, 2003   Meeting Type: Special
Record Date:  NOV 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Acknowledgment on the Payment of   For       For        Management
      Interim Dividend of Baht 10 per Share
3     Reduce Par Value of Common Stock to Baht  For       For        Management
      1 from Baht 10
4     Amend Article 4 of Articles of            For       For        Management
      Association
5     Amend Memorandum of Association to        For       For        Management
      Reflect Decrease in Par Value
6     Approve Maleenont Tower Lease Agreement   For       For        Management


--------------------------------------------------------------------------------

BEIJING CAPITAL INTL AIRPORT CO. LTD

Ticker:                      Security ID:  CN0009324749
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:  MAY 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Board of Directors   For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Profit Appropriation              For       For        Management
5     Approve PricewaterhouseCoopers Zhong Tian For       For        Management
      Certified Public Accounts Co. Ltd. and
      PricewaterhouseCoopers as PRC Auditors
      and International Auditors, Respectively,
      and Authorize Board to Fix Their
      Remuneration
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Amend Articles                            For       For        Management


--------------------------------------------------------------------------------

BEIJING ENTERPRISES HOLDINGS

Ticker:                      Security ID:  HK0392006679
Meeting Date: NOV 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition by Cyber Vantage      For       For        Management
      Group Ltd. of 49 Percent of the Issued
      Share Capital of Beijing Enterprises
      Jetrich Hldgs. Ltd. and 40 Percent of the
      Issued Share Capital of Wisdom Elite
      Hldgs. Ltd.


--------------------------------------------------------------------------------

BEIJING ENTERPRISES HOLDINGS

Ticker:                      Security ID:  HK0392006679
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  JUN 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a    Reelect Zhang Honghai as Director         For       For        Management
3b    Reelect Guo Pu Jin as Director            For       For        Management
3c    Reelect Liu Kai as Director               For       For        Management
3d    Reelect Li Man as Director                For       For        Management
3e    Reelect Li Zhong Gen as Director          For       For        Management
3f    Authorize Board to Fix Directors'         For       For        Management
      Remuneration
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

BIDVEST GROUP LTD.

Ticker:                      Security ID:  ZAE000008132
Meeting Date: NOV 25, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Approve Remuneration of Directors         For       For        Management
3     Reappoint Auditors                        For       For        Management
4     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Approve Reduction of Share Premium        For       For        Management
      Account by Way of Cash Payment to
      Shareholders in Lieu of Dividends
8.1   Reelect M.C. Berzack as Director          For       For        Management
8.2   Reelect D. Masson as Director             For       For        Management
8.3   Reelect S.P. Ngwenya as Director          For       For        Management
8.4   Reelect L.P. Ralphs as Director           For       For        Management
8.5   Reelect D.K. Rosevear as Director         For       Against    Management
8.6   Reelect P.C. Steyn as Director            For       For        Management
8.7   Reelect P.D. Womersley as Director        For       For        Management
8.8   Reelect L.K. Matisonm as Director         For       For        Management
8.9   Elect D.D.B. Band as Director Appointed   For       For        Management
      During the Year
8.10  Elect F.J. Barnes as Director Appointed   For       For        Management
      During the Year
8.11  Elect B.L. Berson as Director Appointed   For       For        Management
      During the Year
8.12  Elect N. Cassim as Director Appointed     For       For        Management
      During the Year
8.13  Elect M.B.N. Dube as Director Appointed   For       For        Management
      During the Year
8.14  Elect L. Jacobs as Director Appointed     For       For        Management
      During the Year
8.15  Elect B.R. Chipkin as Director Appointed  For       For        Management
      During the Year


--------------------------------------------------------------------------------

BIDVEST GROUP LTD.

Ticker:                      Security ID:  ZAE000008132
Meeting Date: NOV 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement Re:         For       For        Management
      Acquisition of 45 Million Bidvest Shares
      by Dinatla, and Issuance of Securities in
      BidBEE and Call Options in Bidvest to
      Scheme Participants


--------------------------------------------------------------------------------

BIDVEST GROUP LTD.

Ticker:                      Security ID:  ZAE000008132
Meeting Date: NOV 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of up to 18 Million    For       For        Management
      Ordinary Shares to Scheme Participants


--------------------------------------------------------------------------------

BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD.

Ticker:                      Security ID:  BMG1368B1028
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a1   Reelect Hong Xing as Director             For       For        Management
3a2   Reelect He Tao as Director                For       For        Management
3a3   Reelect Wu Yong Cun as Director           For       For        Management
3a4   Reelect Lei Xiaoyang as Director          For       For        Management
3a5   Reelect Xu Bingjin as Director            For       For        Management
3b    Authorize Board to Fix Their Remuneration For       For        Management
4     Authorize Board to Appoint Auditors and   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6a    Amend Bylaws Re: Voting at General        For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors
6b    Adopt New Bylaws                          For       For        Management


--------------------------------------------------------------------------------

CEMEX S.A.

Ticker:       CMXYY          Security ID:  MXP225611567
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income; Set         For       For        Management
      Aggregate Nominal Amount of Share
      Repurchase Reserve
3     Authorize Capitalization of Reserves      For       For        Management
4     Elect Directors and Supervisory Board     For       For        Management
5     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board
6     Designate Shareholder Representative(s)   For       For        Management
      of Minutes of Meeting


--------------------------------------------------------------------------------

CEZ A.S.

Ticker:                      Security ID:  CZ0005112300
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  JUN 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting, Elect Chairman, Acknowledge For       For        Management
      Proper Convening of Meeting
2     Amend Articles of Association             For       Against    Management
3     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
4     Approve Plan for Company's Business       For       Against    Management
      Activities
5     Approve Company's Investment Plan         For       Against    Management
6     Receive Supervisory Board Report          None      Abstain    Management
7     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
8     Approve Allocation of Income and          For       For        Management
      Dividends
9     Approve Corporate Donations               For       Against    Management
10    Elect Supervisory Board                   For       For        Management
11    Amend Stock Option Plan                   For       Against    Management
12    Approve Discharge of Supervisory Board    For       For        Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

CHAROEN POKPHAND  FOODS PCL (CP FEEDMILL CO. LTD.)

Ticker:                      Security ID:  TH0101010Z14
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Accept Acknowledgement of Interim         For       For        Management
      Dividend
5     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 0.04 per Share
6     Amend Articles of Association Re: Company For       For        Management
      Objectives
7     Elect Directors                           For       For        Management
8     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

CHECK POINT SOFTWARE

Ticker:       CHKP           Security ID:  M22465104
Meeting Date: JUN 30, 2004   Meeting Type: ANNUAL
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Election of the Directors                 FOR       FOR        Management
2     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
3     Appointment of the Auditors               FOR       FOR        Management
4     Stock Option Plan                         FOR       AGAINST    Management
5     Stock Option Plan                         FOR       AGAINST    Management


--------------------------------------------------------------------------------

CHECK POINT SOFTWARE

Ticker:       CHKP           Security ID:  M22465104
Meeting Date: JUL 31, 2003   Meeting Type: ANNUAL
Record Date:  JUN 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Election of the Directors                 FOR       FOR        Management
2     Election of the Directors                 FOR       FOR        Management
3     Authorization for Chairman of the Board   FOR       FOR        Management
      to Serve as Chairman of the Board and
      Chief Executive Officer
4     Financial Statements, Directors' and      FOR       FOR        Management
      Auditors' Reports
5     Appointment of the Auditors               FOR       FOR        Management
6     Stock Option Plan                         FOR       AGAINST    Management


--------------------------------------------------------------------------------

CHINA MERCHANTS HOLDINGS (INTERNATIONAL) LTD.

Ticker:                      Security ID:  HK0144000764
Meeting Date: OCT 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Shekou Land        For       For        Management
2     Approve Acquisition of Zhangzhou Joint    For       For        Management
      Venture Company
3     Approve Sale of 17.32 Percent Interest in For       For        Management
      China Merchants Shekou Hldgs. Co., Ltd.


--------------------------------------------------------------------------------

CHINA MERCHANTS HOLDINGS (INTERNATIONAL) LTD.

Ticker:                      Security ID:  HK0144000764
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:  JUN 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.29 Per     For       For        Management
      Share
3a    Reelect Zhao Huxiang as Director          For       For        Management
3b    Reelect Li Yinquan as Director            For       For        Management
3c    Reelect Meng Xi as Director               For       For        Management
3d    Reelect Zhou Qifang as Director           For       For        Management
3e    Authorize Board to Fix Their Remuneration For       For        Management
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to Ten Percent   For       For        Management
      of Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company
      and Technical Definitions


--------------------------------------------------------------------------------

CHINA MOBILE (HONG KONG) LIMITED

Ticker:                      Security ID:  HK0941009539
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.20 Per     For       For        Management
      Share
3     Elect Directors                           For       For        Management
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Remuneration of HK$180,000 for    For       For        Management
      Each Director
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Retirement of Directors,
      Nomination of Directors, Material
      Interest of Directors in Contracts
      Entered into by the Company


--------------------------------------------------------------------------------

CHINA MOBILE (HONG KONG) LIMITED

Ticker:                      Security ID:  HK0941009539
Meeting Date: JUN 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale and Purchase Agreement       For       For        Management
      Between China Mobile (Hong Kong) Ltd.,
      China Mobile Hong Kong (BVI) Ltd. and
      China Mobile Communications Corp.


--------------------------------------------------------------------------------

CHINA OVERSEAS LAND & INVESTMENT LTD.

Ticker:                      Security ID:  HK0688002218
Meeting Date: JAN 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Restructuring of the     For       Did Not    Management
      Property Development and Investment                 Vote
      Operations in the People's Republic of
      China and the CCOP, SCOP, Guo Run,
      Seagarden, Tiancheng, Yorkley, BCOHT,
      GCOP and Lanwan Agreements


--------------------------------------------------------------------------------

CHINA OVERSEAS LAND & INVESTMENT LTD.

Ticker:                      Security ID:  HK0688002218
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Reelect Directors                         For       For        Management
3     Approve Final Dividend of HK$0.03 Per     For       For        Management
      Share
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Issuance of Share      For       For        Management
      Certificates, Voting at General Meetings,
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Nomination of Directors, Electronic
      Communication


--------------------------------------------------------------------------------

CHINA PETROLEUM & CHEMICAL CORP.

Ticker:                      Security ID:  CN0005789556
Meeting Date: OCT 15, 2003   Meeting Type: Special
Record Date:  SEP 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of 03 Sinopec Bonds    For       For        Management
      Amounting to Approximately RMB3.5 Billion
2     Authorize Board to Deal with All Matters  For       For        Management
      in Connection with the Bond Issuance


--------------------------------------------------------------------------------

CHINA PETROLEUM & CHEMICAL CORP.

Ticker:                      Security ID:  CN0005789556
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements               For       Abstain    Management
4     Approve 2003 Profit Appropriation Plan    For       For        Management
      and Final Dividend
5     Reappoint KPMG Huazhen and KPMG as the    For       For        Management
      PRC and International Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
1     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
2     Amend Articles Re: External Guarantees,   For       For        Management
      Voting at General Meetings, Nomination of
      Directors, Material Interest of Directors
      in Contracts Entered into by the Company


--------------------------------------------------------------------------------

CHINA PETROLEUM & CHEMICAL CORP.

Ticker:                      Security ID:  CN0005789556
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:  NOV 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Major Ongoing Connected           For       For        Management
      Transactions
2     Approve Deminimus Ongoing Connected       For       For        Management
      Transactions


--------------------------------------------------------------------------------

CHINA PHARMACEUTICAL GROUP LTD (FRMLY CHINA PHARM. ENT. & IN

Ticker:                      Security ID:  HK1093012172
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Final Dividend of HK$0.07 Per     For       Did Not    Management
      Share                                               Vote
3     Reelect Directors and Authorize Board to  For       Did Not    Management
      Fix Their Remuneration                              Vote
4     Reappoint Auditors and Authorize Board to For       Did Not    Management
      Fix Their Remuneration                              Vote


--------------------------------------------------------------------------------

CHINA RESOURCES CEMENT HOLDINGS LTD

Ticker:                      Security ID:  KYG2108Y1052
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Ongoing Connected Transactions    For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

CHINA RESOURCES ENTERPRISES, LTD.

Ticker:                      Security ID:  HK0291001490
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:  MAY 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.14 Per     For       For        Management
      Share
3     Reelect Qiao Shibo, Yan Biao, Jiang Wei   For       For        Management
      and Chan Po Fun, Peter as Directors and
      Fix Their Remuneration
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Resignation and Removal of Managing
      Director


--------------------------------------------------------------------------------

CHINA RESOURCES ENTERPRISES, LTD.

Ticker:                      Security ID:  HK0291001490
Meeting Date: JUL 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Conditional Acquisition Agreement For       For        Management
      Between China Resources Cement Holdings
      Ltd. and China Resources (Holdings) Co.
      Ltd.
2     Approve Share Option Scheme of China      For       Against    Management
      Resources Cement Holdings Ltd.


--------------------------------------------------------------------------------

CHINA RESOURCES LAND LTD. (FRMRLY. CHINA RESOURCES BEIJING L

Ticker:                      Security ID:  KYG2108Y1052
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  JUN 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a    Reelect Ning Gaoning as Director          For       For        Management
3b    Reelect Lau Pak Shing as Director         For       For        Management
3c    Reelect Zhong Yi as Director              For       For        Management
3d    Reelect Wang Shi as Director              For       For        Management
3e    Approve Remuneration of Directors         For       For        Management
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Retirement and Nomination of Directors,
      Electronic Communication


--------------------------------------------------------------------------------

CHINA SHIPPING DEVELOPMENT CO.(FORMERLY SHANGHAI HAI XING)

Ticker:                      Security ID:  CN0008932385
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Profit Distribution Plan          For       For        Management
5     Approve Remuneration of Directors and     For       For        Management
      Supervisors
6     Reappoint Shanghai Zhonghua Huying CPA    For       For        Management
      and Ernst & Young as Domestic and
      International Auditors Respectively and
      Authorize Board to Fix Their Remuneration
7     Elect Sun Zhitang as Director             For       For        Management
8     Approve Establishment of Audit Committee  For       For        Management
9     Approve Establishment of Strategy         For       For        Management
      Committee
10    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Provision of Guarantee to Outside Parties


--------------------------------------------------------------------------------

CHINA SHIPPING DEVELOPMENT CO.(FORMERLY SHANGHAI HAI XING)

Ticker:                      Security ID:  CN0008932385
Meeting Date: MAR 9, 2004    Meeting Type: Special
Record Date:  FEB 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Agreement Between China Shipping  For       For        Management
      Devt. Co. Ltd and China Shipping (Group)
      Co.


--------------------------------------------------------------------------------

CHINA SOUTHERN AIRLINES LTD

Ticker:                      Security ID:  CN0009084145
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements               For       Abstain    Management
4     Approve Profit Distribution Budget        For       For        Management
5     Approve KPMG and KPMG Huazhen as          For       For        Management
      International and PRC Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
6     Elect Yan Zhi Qing, Liu Ming Qi, Wang     For       For        Management
      Chang Shun, Peng An Fa, Wang Quan Hua,
      Zhao Liu An, Zhou Yong Qian, Zhou Yong
      Jin, Xu Jie Bo, Wu Rong Nan, Simon To,
      Peter Lok, Wei Ming Hai, Wang Zhi and Sui
      Guang Jun as Directors and Fix Their
      Remuneration
7     Approve Resignation of Liang Hua Fu, Gan  For       For        Management
      Yu Hua and Li Qi Hong and Election of Sun
      Xiao Yi, Yang Guang Hua and Yang Yi Hua
      as Supervisors and Authorize Supervisory
      Committee to Fix Their Remuneration
8     Approve Amendments to the Rules of        For       For        Management
      Procedures for Shareholders' General
      Meetings
9     Approve Amendments to the Rules of        For       For        Management
      Procedures for Board of Directors
1     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Election and Nomination of
      Directors, Board Meetings, Matters to be
      Resolved by Ordinary Resolution at
      General Meetings


--------------------------------------------------------------------------------

CHINA TELECOM CORP LTD

Ticker:                      Security ID:  CN0007867483
Meeting Date: MAY 3, 2004    Meeting Type: Special
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance and Allotment of Up to   For       For        Management
      8.3 Billion New H Shares
2     Approve Increase in Registered Capital    For       For        Management
3     Approve Waiver by H Shareholders of Their For       For        Management
      Preemptive Rights Over Any or All of the
      New H Shares that may be Issued and
      Allotted Pursuant to the First Resolution


--------------------------------------------------------------------------------

CHINA TELECOM CORP LTD

Ticker:                      Security ID:  CN0007867483
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.065 Per    For       For        Management
      Share
3     Approve Remuneration of Directors for the For       For        Management
      Year Ending Dec. 31, 2004
4     Reappoint KPMG as International Auditors  For       For        Management
      and KPMG Huazhen as Domestic Auditors and
      Authorize Board to Fix Their Remuneration
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Increase in Registered Capital    For       For        Management


--------------------------------------------------------------------------------

CHINA TELECOM CORP LTD

Ticker:                      Security ID:  CN0007867483
Meeting Date: DEC 15, 2003   Meeting Type: Special
Record Date:  NOV 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of the Entire Issued  For       For        Management
      Capital of Anhui Telecom, Fujian Telecom,
      Jiangxi Telecom, Guangxi Telecom,
      Chongqing Telecom and Sichuan Telecom and
      Certain Network Management, Research and
      Development Facilities
2     Approve Connected Transaction with a      For       For        Management
      Related Party
3     Amend Articles Re: Update Service Areas   For       For        Management
      of the Company


--------------------------------------------------------------------------------

CHINA TELECOM CORP LTD

Ticker:                      Security ID:  CN0007867483
Meeting Date: MAY 3, 2004    Meeting Type: Special
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance and Allotment of Up to   For       For        Management
      8.3 Billion New H Shares
2     Approve Increase in Registered Capital    For       For        Management
3     Approve Waiver by H Shareholders of Their For       For        Management
      Preemptive Rights Over Any or All of the
      New H Shares that may be Issued and
      Allotted Pursuant to the First Resolution


--------------------------------------------------------------------------------

CHINA TELECOM CORP LTD

Ticker:                      Security ID:  CN0007867483
Meeting Date: JUN 9, 2004    Meeting Type: Special
Record Date:  MAY 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition Agreement Between     For       For        Management
      China Telecom Corp. Ltd. and China
      Telecommunications Corp.
2     Approve Prospective Connected Transaction For       For        Management
      with a Related Party
3     Amend Articles Re: Service Areas of the   For       For        Management
      Company
4     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors


--------------------------------------------------------------------------------

CHINA TRAVEL INTERNATIONAL INVESTMENT HK LTD.

Ticker:                      Security ID:  HK0308001558
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Connected Transaction with a      For       For        Management
      Related Party


--------------------------------------------------------------------------------

CHINA TRAVEL INTERNATIONAL INVESTMENT HK LTD.

Ticker:                      Security ID:  HK0308001558
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Bonus Issue of Warrants           For       For        Management


--------------------------------------------------------------------------------

CHINA TRAVEL INTERNATIONAL INVESTMENT HK LTD.

Ticker:                      Security ID:  HK0308001558
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Voting at Meetings,    For       For        Management
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Nomination of Directors, Indemnification
      of Director, Manager, Secretary and Other
      Officers of the Company
2     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
3     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CHINA TRAVEL INTERNATIONAL INVESTMENT HK LTD.

Ticker:                      Security ID:  HK0308001558
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.04 Per     For       For        Management
      Share
3a1   Reelect Zhang Xuewu as Director           For       For        Management
3a2   Reelect Zheng Heshui as Director          For       For        Management
3a3   Reelect Zheng Hongqing as Director        For       For        Management
3a4   Reelect Fong Yun Wah as Director          For       For        Management
3b    Fix Directors' Remuneration               For       For        Management
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration


--------------------------------------------------------------------------------

CHUNGHWA TELECOM CO LTD.

Ticker:                      Security ID:  17133Q205
Meeting Date: JUN 25, 2004   Meeting Type: ANNUAL
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
3     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
4     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
5     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
6     Dividend/Income Allocation Proposals      FOR       FOR        Management
7     Item seeks to propose a set of procedures FOR       FOR        Management
      governing the acquisitioin or disposal of
      assets.
8     Amend the Articles of Incorporation       FOR       FOR        Management
9     To authorize the chairman of the bd to    FOR       FOR        Management
      engage in endorsements and guarantees at
      an amount not exceeding 20% of the co's
      latest audited net assets.
10    To remove the requirement for the co to   FOR       FOR        Management
      individually notify shareholders who hold
      less than 1,000 shs regarding any
      shareholders' mtg. However, the co is
      still required to have a public
      announcment of any shareholder mtg.
11    Election of the Directors                 FOR       FOR        Management
12    Election of the Directors                 FOR       FOR        Management
13    Other Business                            FOR       AGAINST    Management


--------------------------------------------------------------------------------

CITIC PACIFIC LTD

Ticker:                      Security ID:  HK0267001375
Meeting Date: MAY 10, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Larry Yung Chi Kin, Peter Lee     For       For        Management
      Chung Hing, Norman Yuen Kee Tong, Liu
      Jifu and Willie Chang as Directors
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Fees of HK$150,000 per Annum for  For       For        Management
      Each Director and Additional Remuneration
      of HK$100,000 and HK$50,000 to Each of
      the Nonexecutive Directors Who Serve in
      the Audit and Remuneration Committees
      Respectively
6     Amend Articles Re: Issuance of Share      For       For        Management
      Certificates, Voting at General Meetings,
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Nomination of Directors, Indemnification
      of Directors and Other Officers of the
      Company
7     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
8     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
9     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CNOOC LTD

Ticker:                      Security ID:  HK0883013259
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final and Special Cash Dividends  For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Other Business (Voting)                   For       Against    Management
9     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors in
      Contracts Entered into by the Company


--------------------------------------------------------------------------------

CNOOC LTD

Ticker:                      Security ID:  HK0883013259
Meeting Date: APR 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Connected Transaction with a      For       For        Management
      Related Party


--------------------------------------------------------------------------------

CNOOC LTD

Ticker:                      Security ID:  HK0883009984
Meeting Date: MAR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Subdivision of Every Issued and   For       For        Management
      Unissued Share of HK$0.10 Each Into Five
      Shares of HK$0.02 Each


--------------------------------------------------------------------------------

CNOOC LTD

Ticker:                      Security ID:  HK0883013259
Meeting Date: JUN 14, 2004   Meeting Type: Annual
Record Date:  JUN 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Reelect Shouwei Zhou as Executive         For       For        Management
      Director
2b    Reelect Kenneth S. Courtis as Independent For       For        Management
      Non-Executive Director
2c    Reelect Erwin Schurtenberger as           For       For        Management
      Independent Non-Executive Director
2d    Reelect Evert Henkes as Independent       For       For        Management
      Non-Executive Director
3     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
4     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
1     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination and Removal of
      Directors, Material Interest of Directors
      in Contracts Entered into by the Company


--------------------------------------------------------------------------------

COFCO INTERNATIONAL LTD. (CHINA FOODS HOLD. LTD. )

Ticker:                      Security ID:  BMG2251V1063
Meeting Date: MAY 10, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a1   Reelect Yu Guangquan as Director          For       For        Management
3a2   Reelect Qu Zhe as Director                For       For        Management
3b    Authorize Board to Fix Their Remuneration For       For        Management
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Bylaws Re: Voting at General        For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

COFCO INTERNATIONAL LTD. (CHINA FOODS HOLD. LTD. )

Ticker:                      Security ID:  BMG2251V1063
Meeting Date: DEC 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Connected Transactions with a     For       For        Management
      Related Party


--------------------------------------------------------------------------------

COMPANHIA VALE DO RIO DOCE

Ticker:       RIO_P          Security ID:  204412100
Meeting Date: APR 28, 2004   Meeting Type: ANNUAL
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Approve Annual Aggregate remuneration of  FOR       DID NOT    Management
      directors.                                          VOTE
4     Elect supervisory board members and fix   FOR       DID NOT    Management
      their remuneration.                                 VOTE
5     Authorize incr in capital via             FOR       DID NOT    Management
      capitalization of reserves.                         VOTE


--------------------------------------------------------------------------------

COMPANIA ANONIMA NACIONAL

Ticker:       VNT            Security ID:  204421101
Meeting Date: MAR 31, 2004   Meeting Type: ANNUAL
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Authorize issuance of an undisclosed      FOR       DID NOT    Management
      amount in commercial paper.                         VOTE
4     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
5     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
6     Elect supervisory board and fix           FOR       DID NOT    Management
      compensation.                                       VOTE


--------------------------------------------------------------------------------

COMPANIA ANONIMA NACIONAL

Ticker:       VNT            Security ID:  204421101
Meeting Date: DEC 2, 2003    Meeting Type: SPECIAL
Record Date:  NOV 6, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase the Authorized Common Stock      FOR       DID NOT    Management
                                                          VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

COMPANIA DE MINAS BUENAVEN TUR

Ticker:       BVN            Security ID:  204448104
Meeting Date: MAR 26, 2004   Meeting Type: ANNUAL
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
3     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

CONSORCIO ARA SA

Ticker:       CNRFY          Security ID:  MXP001161019
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Accept Audit Committee Report             For       For        Management
4     Elect Members to Management and           For       For        Management
      Supervisory Board; Elect Audit Committee,
      Board Secretary, and Their Respective
      Alternates
5     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve
6     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

CONSORCIO ARA SA

Ticker:       CNRFY          Security ID:  MXP001161019
Meeting Date: OCT 20, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Designate Inspector or Shareholder        For       For        Management
      Representatuve(s) of Minutes of Meeting
2     Elect Members to Management Board and     For       For        Management
      Alternates
3     Amend Articles Re: Compliance With        For       For        Management
      Mexican Securities Regulations
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

CONTROLADORA COMERCIAL MEXICANA S.A.

Ticker:       CRRXY          Security ID:  MXP200821413
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       Against    Management
      Dividends of MXN 0.1115 Per Share
3     Elect Members to Management Board,        For       For        Management
      Supervisory Board, Executive Committee
      and Audit Committee
4     Approve Remuneration of Directors and     For       For        Management
      Supervisory Boards
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

COSCO PACIFIC LIMITED

Ticker:                      Security ID:  BMG2442N1048
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.18 Per     For       For        Management
      Share
3a1   Reelect Zhang Fusheng as Director         For       For        Management
3a2   Reelect Wang Futian as Director           For       For        Management
3a3   Reelect Gao Weijie as Director            For       For        Management
3a4   Reelect Chen Hongsheng as Director        For       For        Management
3a5   Reelect Ma Zehua as Director              For       For        Management
3a6   Reelect Ma Guichuan as Director           For       For        Management
3a7   Reelect Li Yunpeng as Director            For       For        Management
3a8   Reelect He Jiale as Director              For       For        Management
3a9   Reelect Liu Guoyuan as Director           For       For        Management
3a10  Reelect Li Jianhong as Director           For       For        Management
3a11  Reelect Sun Yueying as Director           For       For        Management
3a12  Reelect Qin Fuyan as Director             For       For        Management
3a13  Reelect Li Kwok Po, David as Director     For       For        Management
3b    Approve Remuneration of Directors         For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

COSCO PACIFIC LIMITED

Ticker:                      Security ID:  BMG2442N1048
Meeting Date: MAY 21, 2004   Meeting Type: Special
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
2     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
3     Authorize Reissuance of Repurchased       For       For        Management
      Shares
1     Amend Bylaws Re: Voting at Meetings,      For       For        Management
      Nomination of Directors, Material
      Interest of Directors in Contracts
      Entered into by the Company


--------------------------------------------------------------------------------

COSCO PACIFIC LIMITED

Ticker:                      Security ID:  BMG2442N1048
Meeting Date: OCT 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Increase and Transfer     For       For        Management
      Agreement, Joint Venture Contract,
      Non-Competition Deed and Letter of
      Guarantee


--------------------------------------------------------------------------------

DATANG INTERNATIONAL POWER GENERATION COMPANY LIMITED(FORMER

Ticker:                      Security ID:  CN0009060798
Meeting Date: JUN 22, 2004   Meeting Type: Special
Record Date:  MAY 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Approve Issue of Not More Than One        For       For        Management
      Billion A Shares
1b    Approve Private Placing in the Form of    For       For        Management
      State-Owned Legal Person Shares of 301.7
      Million and and 92.4 Million State-Owned
      Legal Person Shares to China Datang Corp.
      and Tianjin Jinneng Investment Co.
1c    Approve Issue of Not More Than 605.9      For       For        Management
      Million A Shares to the Public
1d    Approve Par Value of RMB1.0 for Each A    For       For        Management
      Share to be Issued
1e    Approve Application for Listing of A      For       For        Management
      Shares to be Issued to the Public on the
      Shanghai Stock Exchange
1f    Limit A Shares to be Issued to the Public For       For        Management
      Among Natural Persons and Institutional
      Investors Within the PRC
1g    Approve Proposal Relating to the Share of For       For        Management
      Accumulated Profits Among the Old and New
      Shareholders After the Completion of the
      Proposed A Share Issue
1h    Authorize Board to Make the Final         For       For        Management
      Decision on the A Share Issue
2     Approve Validity of Decisions in Relation For       For        Management
      to the A Share Issue for One Year From
      the Passing of Relevant Resolutions


--------------------------------------------------------------------------------

DATANG INTERNATIONAL POWER GENERATION COMPANY LIMITED(FORMER

Ticker:                      Security ID:  CN0009060798
Meeting Date: JUN 22, 2004   Meeting Type: Special
Record Date:  MAY 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Approve Issue of Not More Than One        For       For        Management
      Billion A Shares
1b    Approve Private Placing in the Form of    For       For        Management
      State-Owned Legal Person Shares of 301.7
      Million and and 92.4 Million State-Owned
      Legal Person Shares to China Datang Corp.
      and Tianjin Jinneng Investment Co.
1c    Approve Issue of Not More Than 605.9      For       For        Management
      Million A Shares to the Public
1d    Approve Par Value of RMB1.0 for Each A    For       For        Management
      Share to be Issued
1e    Approve Application for Listing of A      For       For        Management
      Shares to be Issued to the Public on the
      Shanghai Stock Exchange
1f    Limit A Shares to be Issued to the Public For       For        Management
      Among Natural Persons and Institutional
      Investors Within the PRC
1g    Approve Proposal Relating to the Share of For       For        Management
      Accumulated Profits Among the Old and New
      Shareholders After the Completion of the
      Proposed A Share Issue
1h    Authorize Board to Make the Final         For       For        Management
      Decision on the A Share Issue
2     Approve Validity of Decisions in Relation For       For        Management
      to the A Share Issue for One Year From
      the Passing of Relevant Resolutions
3     Approve Plan on the Use of Proceeds from  For       For        Management
      the A Share Issue
4     Authorize Board to Complete and File      For       For        Management
      Amendments to the Articles of Association
      with the Relevant Authorities for
      Approval
5     Change Company Name to Datang             For       For        Management
      International Power Generation Co. Ltd.


--------------------------------------------------------------------------------

DATANG INTERNATIONAL POWER GENERATION COMPANY LIMITED(FORMER

Ticker:                      Security ID:  CN0009060798
Meeting Date: JUL 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Extension of Validity Period to   For       Did Not    Management
      Issue a Maximum of USD300 Million                   Vote
      Convertible Bonds


--------------------------------------------------------------------------------

DATANG INTERNATIONAL POWER GENERATION COMPANY LIMITED(FORMER

Ticker:                      Security ID:  CN0009060798
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAY 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements               For       Abstain    Management
4     Approve Budget of the Company for the     For       For        Management
      Year 2004
5     Approve Profit Distribution Plan          For       For        Management
6     Approve Investment Plans of the Company   For       For        Management
7     Reappoint PricewaterhouseCoopers Zhong    For       For        Management
      Tian CPAs Co. Ltd. and
      PricewaterhouseCoopers as Domestic and
      International Auditors Respectively and
      Authorize Board to Fix Their Remuneration
8a    Elect Zhai Ruoyu as Non-Executive         For       For        Management
      Director
8b    Elect Zhang Yi as Executive Director      For       For        Management
8c    Elect Hu Shengmu as Non-Executive         For       For        Management
      Director
8d    Elect Kou Bingen as Non-Executive         For       For        Management
      Director
8e    Elect Yang Hongming as Executive Director For       For        Management
8f    Elect Liu Haixia as Non-Executive         For       For        Management
      Director
8g    Elect Guan Tiangang as Non-Executive      For       For        Management
      Director
8h    Elect Su Tiegang as Non-Executive         For       For        Management
      Director
8i    Elect Ye Yonghui as Non-Executive         For       For        Management
      Director
8j    Elect Tong Yunshang as Non-Executive      For       For        Management
      Director
8k    Elect Xie Songlin as Independent          For       For        Management
      Non-Executive Director
8l    Elect Xu Daping as Independent            For       For        Management
      Non-Executive Director
8m    Elect Liu Chaoan as Independent           For       For        Management
      Non-Executive Director
8n    Elect Yu Changchun as Independent         For       For        Management
      Non-Executive Director
8o    Elect Xia Qing as Independent             For       For        Management
      Non-Executive Director
9a    Elect Zhang Wantuo as Member of the       For       For        Management
      Supervisory Committee
9b    Elect Fu Guoqiang as Member of the        For       For        Management
      Supervisory Committee
9c    Elect Zhang Jie as Member of the          For       For        Management
      Supervisory Committee
9d    Approve Election of Shi Xiaofan as        None      For        Management
      Supervisory Member of Staff
      Representatives
10    Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

DENWAY MOTORS LTD. (FORMERLY DENWAY INVESTMENT)

Ticker:                      Security ID:  HK0203009524
Meeting Date: MAY 10, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.06 Per     For       For        Management
      Share and Special Dividend of HK$0.08 Per
      Share
3     Reelect Zhang Fangyou, Chen Xuejun and    For       For        Management
      Zeng Qinghong as Directors and Authorize
      Board to Fix Their Remuneration
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Increase in Authorized Capital    For       For        Management
      from HK$400 Million to HK$1 Billion by
      the Creation of 6 Billion Shares of
      HK$0.10 Each
6     Authorize Capitalization of Reserves for  For       For        Management
      Bonus Issue
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
9     Authorize Reissuance of Repurchased       For       For        Management
      Shares
10    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination and Removal of Directors


--------------------------------------------------------------------------------

DIMENSION DATA HOLDINGS PLC

Ticker:                      Security ID:  GB0008435405
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Re-elect Stephen Joubert as Director      For       For        Management
4     Re-elect Patrick Quarmby as Director      For       For        Management
5     Re-elect Peter Wharton-Hood as Director   For       For        Management
6     Elect Josua Malherbe as Director          For       Against    Management
7     Elect Brett Dawson as Director            For       For        Management
8     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Amend The Dimension Data Holdings plc     For       For        Management
      Share Option Scheme 2000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pree-mptive
      Rights up to Aggregate Nominal Amount of
      USD 4,473,850
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 671,070


--------------------------------------------------------------------------------

DR. REDDY'S LABORATORIES

Ticker:       RDY            Security ID:  256135203
Meeting Date: AUG 25, 2003   Meeting Type: ANNUAL
Record Date:  JUL 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      FOR       DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
4     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
5     Approve retirement of A. Venkateswarlu as FOR       DID NOT    Management
      Director                                            VOTE
6     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
7     Approval to delist equity shs and all     FOR       DID NOT    Management
      other securities from the Ahmedabad,                VOTE
      Calcutta, Hyderabad and Madras stock
      exchange.
8     Reorganization Plan                       FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

ELBIT SYSTEMS LTD

Ticker:                      Security ID:  IL0010811243
Meeting Date: APR 20, 2004   Meeting Type: Special
Record Date:  MAR 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Enhance Consistency    For       For        Management
      with Sarbanes-Oxley Corporate Compliance
      and Nasdaq Listing Requirements
2     Approve Framework Resolution for Purchase For       Against    Management
      of Director/Officer Liability and
      Indemnification Insurance
3     Approve Three-Year Contract Extension for For       For        Management
      President and CEO Joseph Ackerman, and
      Increase Monthly Salary from $24,000 to
      $30,000


--------------------------------------------------------------------------------

ELBIT SYSTEMS LTD

Ticker:                      Security ID:  IL0010811243
Meeting Date: AUG 6, 2003    Meeting Type: Annual
Record Date:  JUL 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect M. Federmann, J. Ackerman, A.       For       For        Management
      Asheri, R. Baum, A. Beth-Halachmi, D.
      Birger, A. Erel, A. Fischer, and D.
      Ninveh as Directors, and Y. Lifshitz as
      External Director
2     Appoint Luboshitz Kasierer as Auditors    For       For        Management


--------------------------------------------------------------------------------

ELECTRICITY GENERATING PUBLIC CO LTD

Ticker:                      Security ID:  TH0465010013
Meeting Date: FEB 23, 2004   Meeting Type: Special
Record Date:  FEB 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Amend Articles of Association             For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

ELECTRICITY GENERATING PUBLIC CO LTD

Ticker:                      Security ID:  TH0465010013
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept Directors' Report                  For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 1.50 per Share
5     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6     Amend Articles of Association             For       For        Management
7     Elect Directors and Fix Their             For       For        Management
      Remuneration
8     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

EQUITABLE PCI BANK CORP. (FORMERLY EQUITABLE BANKING CORP.)

Ticker:                      Security ID:  PHY2299C1028
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  JAN 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice and Quorum        For       For        Management
3     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting
4     Approve Annual Report                     For       Abstain    Management
5     Ratify Acts of Board and Management       For       For        Management
6     Elect Directors                           For       For        Management
7     Appoint Auditors                          For       For        Management
8     Other Business                            For       Against    Management
9     Adjournment                               For       For        Management


--------------------------------------------------------------------------------

EREGLI DEMIR VE CELIK FABRIKALARI

Ticker:                      Security ID:  TRAEREGL91G3
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Accept Financial Statements               For       Abstain    Management
4     Approve Allocation of Income              For       Abstain    Management
5     Elect Directors Appointed During the Year For       For        Management
6     Approve Discharge of Board and Internal   For       For        Management
      Auditors
7     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
8     Elect Directors                           For       For        Management
9     Elect Internal Auditors                   For       For        Management
10    Ratify Independent External Auditors      For       For        Management
11    Wishes                                    None      None       Management


--------------------------------------------------------------------------------

FILINVEST LAND

Ticker:                      Security ID:  PHY249161019
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:  MAY 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       Did Not    Management
                                                          Vote
2     Certification of Notice and Determination For       Did Not    Management
      of Quorum                                           Vote
3     Approve Minutes of Previous Shareholder   For       Did Not    Management
      Meeting                                             Vote
4     Presentation and Approval of the          For       Did Not    Management
      President's Report for the Year 2003                Vote
5     Ratify All Acts of the Board of Directors For       Did Not    Management
      and Corporate Officers                              Vote
6     Elect Directors                           For       Did Not    Management
                                                          Vote
7     Appoint Auditors                          For       Did Not    Management
                                                          Vote
8     Adjournment                               For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

FIRSTRAND LIMITED

Ticker:                      Security ID:  ZAE000014973
Meeting Date: DEC 2, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Reelect V.W. Bartlett as Director         For       For        Management
3     Reelect D.J.A Craig as Director           For       For        Management
4     Reelect P.M. Goss as Director             For       For        Management
5     Approve Remuneration of Directors for     For       For        Management
      Year Ended June 30, 2003
6     Approve Remuneration of Directors for     For       For        Management
      Fiscal Year 2004
7     Reappoint PricewaterhouseCoopers Inc. as  For       For        Management
      Auditors
8     Authorize Board to Fix and Pay            For       For        Management
      Remuneration of the Auditors
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
11    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
12    Authorize Creation of B Variable Rate     For       For        Management
      Non-Cumulative Non-Redeemable Preference
      Shares
13    Authorize Creation of C Variable Rate     For       For        Management
      Non-Cumulative Non-Redeemable Preference
      Shares
14    Authorize Creation of D Variable Rate     For       For        Management
      Non-Cumulative Non-Redeemable Preference
      Shares
15    Amend Articles 53, 54, and 55 Re: Rights  For       For        Management
      and Privileges of Preference Shares
16    Amend Memorandum of Association Re:       For       For        Management
      Composition of Share Capital
17    Place Authorized But Unissued Preference  For       For        Management
      Shares under Control of Directors
18    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

FOMENTO ECONOMICO MEXICANO S.A. (FEMSA)

Ticker:                      Security ID:  MXP320321310
Meeting Date: DEC 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance with        For       For        Management
      Mexican Market Law
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
3     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

FOMENTO ECONOMICO MEXICANO S.A. (FEMSA)

Ticker:                      Security ID:  MXP320321310
Meeting Date: MAR 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       Against    Management
      Dividends
3     Fix the Maximum Amount to Be Used in the  For       For        Management
      Share Repurchase
4     Elect Management and Supervisory Boards   For       For        Management
      and Fix Their Remuneration
5     Elect Committees                          For       For        Management
6     Designate Shareholders to Approve and     For       For        Management
      Sign Minutes of Meeting
7     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

FOSCHINI LTD.

Ticker:                      Security ID:  ZAE000031019
Meeting Date: SEP 3, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Company and Group Financial        For       Abstain    Management
      Statements and Statutory Reports for Year
      Ended Mar. 31, 2003
2     Reappoint KPMG Inc. as Auditors and       For       For        Management
      Authorize Board to Fix Their Remuneration
3     Reelect E. Osrin as Director              For       For        Management
4     Reelect D.M. Durek as Director            For       For        Management
5     Reelect D.M. Polak as Director            For       For        Management
6     Reelect F. Abrahams as Director           For       For        Management
7     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GLOBE TELECOM IN

Ticker:                      Security ID:  PHY272571498
Meeting Date: MAR 22, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Determination of Quorum                   For       For        Management
2     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting
3     Approve Annual Report of Officers         For       Abstain    Management
4.1   Ratify All Acts and Resolutions of the    For       For        Management
      Board of Directors and Management Adopted
      in the Ordinary Course of Business During
      the Preceding Year
4.2   Approve Decrease in the Size of the Board For       For        Management
      from 15 to 11 Directors by Further
      Amending the Amended Articles of
      Incorporation and the Pertinent Provision
      in the Bye-Laws
5     Elect Directors                           For       For        Management
6     Appoint Auditors and Fix Their            For       For        Management
      Remuneration
7     Other Business                            For       Against    Management
8     Adjournment                               For       For        Management


--------------------------------------------------------------------------------

GOLD FIELDS LIMITED

Ticker:       DRFNY          Security ID:  ZAE000018123
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2.1   Reelect J.M. McMahon as Director          For       For        Management
2.2   Reelect B.R. Van Rooyen as Director       For       For        Management
2.3   Reelect C.I. Von Christierson as Director For       For        Management
2.4   Reelect A.J. Wright as Director           For       For        Management
3     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
4     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
5     Authorize the Company and Any of Its      For       For        Management
      Subsidiaries to Repurchase Up to 20
      Percent of the Company's Issued Share
      Capital


--------------------------------------------------------------------------------

GOLD FIELDS LIMITED

Ticker:       DRFNY          Security ID:  ZAE000018123
Meeting Date: MAR 8, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance by GFI Mining of New     For       For        Management
      Shares Representing 15 Percent of Issued
      Capital of GFI to Mvelaphanda Gold (Pty)
      Ltd.
2     Approve Issuance by Company of New Shares For       For        Management
      to Mvelaphanda, Micawber or Mezzanine
      Financiers if Shares Equivalent to 15
      Percent of Issused Capital of GFI Mining
      are Acquired by Company Pursuant to Right
      of Call
3     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GRUPO CARSO SA DE CV

Ticker:                      Security ID:  MXP461181085
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of MXN 0.70 Per Share
3     Authorize Repurchase of Shares up to      For       For        Management
      Aggregate Nominal Amount of MXN 3 Billion
4     Approve Discharge of Management Board     For       For        Management
5     Elect Members to Management and           For       For        Management
      Supervisory Board; Fix Their Remuneration
6     Designate Shareholder Representatives to  For       For        Management
      Approve and Sign Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO CONTINENTAL S.A. DE C.V.

Ticker:                      Security ID:  MXP3091R1239
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting;
      Open Meeting
2     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
3     Accept Audit Committee Report             For       Abstain    Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Allocation of Income and          For       For        Management
      Dividends
6     Accept Report Re: Shares Repurchased      For       Abstain    Management
7     Set Maximum Aggregate Amount for          For       For        Management
      Repurchase of Shares
8     Elect Management Board                    For       For        Management
9     Elect Members to Audit Committee          For       For        Management
10    Elect Supervisory Board                   For       For        Management
11    Approve Remuneration of Directors and     For       For        Management
      Supervisory Board
12    Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO ELEKTRA S.A.

Ticker:                      Security ID:  MX01EL000003
Meeting Date: DEC 16, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance with        For       For        Management
      Mexican Market Law
2     Approve Merger Agreement with ELektra     For       For        Management
      Trading and Consulting Group SA de CV
3     Approve Granting and Revoking of Powers   For       For        Management
4     Other Business (Voting)                   For       Against    Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) to File  Required
      Documents in the Public Commerce Registry
      and to Execute Approved Resolutions


--------------------------------------------------------------------------------

GRUPO ELEKTRA S.A.

Ticker:                      Security ID:  MX01EL000003
Meeting Date: MAR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board of Directors' Report         For       Abstain    Management
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports, Allocation of Income
      and Dividends
3     Elect Management Board, Supervisory Board For       For        Management
      Members, and Board Committee Members
4     Approve Directors' Report Re: Share       For       Abstain    Management
      Repurchase Program; Set Limit for Share
      Repurchase Reserve
5     Other Business (Voting)                   For       Against    Management
6     Designate Inspectors to Approve and Sign  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO FINANCIERO BANORTE S.A.

Ticker:                      Security ID:  MXP370711014
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Elect Members to Management and           For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board Members
5     Accept Director's Report on Share         For       For        Management
      Repurchase Plan; Set Limit for Share
      Repurchase Reserve
6     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
7     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO FINANCIERO BANORTE S.A.

Ticker:                      Security ID:  MXP370711014
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger by Absorption of Generali  For       Against    Management
      Mexico - Compania de Seguros S.A., and of
      Another Financial Firm
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
3     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO FINANCIERO BANORTE S.A.

Ticker:                      Security ID:  MXP370711014
Meeting Date: OCT 16, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cash Dividend                     For       For        Management
2     Designate Inspector or Shareholder        For       For        Management
      Represntative(s) to Execute Dividend
      Distribution
3     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO FINANCIERO BBVA BANCOMER

Ticker:                      Security ID:  MX01GF360007
Meeting Date: JAN 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance With        For       Did Not    Management
      Mexican Market Legislation                          Vote
2     Designate Two Shareholders to Approve and For       Did Not    Management
      Sign Minutes of Meeting                             Vote


--------------------------------------------------------------------------------

GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV)

Ticker:                      Security ID:  MXP370841019
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Audit Committee Report             For       Abstain    Management
3     Approve Allocation of Income              For       For        Management
4     Elect Members to Management and           For       For        Management
      Supervisory Boards and Audit, Executive,
      and Remuneration Committees
5     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board and Committee Members
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV)

Ticker:                      Security ID:  MXP370841019
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Cancel 48.6 Million Series B (Class II)   For       For        Management
      Company Treasury Shares and Corresponding
      Reduction in Variable Capital
2     Authorize Capitalization of Credits of    For       For        Management
      MXN 2.8 Billion for an  Issuance of 213.4
      Million New Series B (Class I) Shares at
      Subscription Price of MXN 13 per Share
3     Amend Articles to Reflect Changes in      For       For        Management
      Capital
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Audit Committee Report             For       Abstain    Management
3     Approve Allocation of Income and          For       For        Management
      Aggregate Dividends of MXN 3.85 Billion
4     Set Aggregate Nominal Amount for Stock    For       For        Management
      Repurchase; Accept Report Re: Share
      Repurchase Policy; Accept Report Re:
      Long-Term Share Retention Plan
5     Elect Members to Management Board,        For       For        Management
      Supervisory Board, and Board Secretaries
6     Elect Members to Executive Committee      For       For        Management
7     Elect Members to Audit Committee          For       For        Management
8     Approve Remuneration of Directors,        For       For        Management
      Supervisory Board Members, Audit and
      Executive Committee Members, and Board
      Secretaries
9     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Series L Members to Management      For       For        Management
      Board
2     Approve Dividends and Other Resolutions   For       For        Management
      Proposed in General Meetings to Be Held
      on Same Day
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve 25:1 Stock Split For Each Share   For       For        Management
      Class; Amend Articles
2     Authorize Creation of Series B Shares;    For       For        Management
      Amend Articles
3     Approve Allocation of Stock Dividends to  For       For        Management
      Series B, D, and L Shares; Amend Articles
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: DEC 23, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Deed of Issuance for Non-Redeemable For       For        Management
      CPOs Based on Shares Series A, D, and L
      to Comply with Mexican Market Law
      Approved on 6-2-01
2     Approve Resolutions Regarding Issuance of For       For        Management
      CPOs and Ratio of Underlying Shares
3     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Series D Representatives to         For       For        Management
      Management Board
2     Approve Dividends and Other Resolutions   For       For        Management
      Proposed in General Meetings to Be Held
      on Same Day
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GUANGSHEN RAILWAY CO

Ticker:       GSH            Security ID:  CN0009007393
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:  MAY 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Work Report of the Board           For       Abstain    Management
2     Accept Work Report of the Supervisory     For       Abstain    Management
      Committee
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income              For       For        Management
5     Approve Budget of the Company for 2004    For       For        Management
6     Elect Wilton Chau as Independent          For       For        Management
      Non-Executive Director
7     Approve Termination of Gu Hongxi as       For       For        Management
      Supervisor
8     Elect Tang Dinghong as Supervisor         For       For        Management
9     Approve Pan-China (Schinda) Certified     For       For        Management
      Public Accountants as PRC Auditors and
      Authorize Board to Fix Their Remuneration
10    Approve PricewaterhouseCoopers as         For       For        Management
      International Auditors and Authorize
      Board to Fix Their Remuneration
11    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Board Composition, Nomination
      of Directors
12    Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

HARMONY GOLD MINING LTD.

Ticker:       HMY            Security ID:  ZAE000015228
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Fiscal Year Ended June
      30, 2003
2     Approve Remuneration of Directors         For       For        Management
3.1   Elect M.M.M.M. Bakane-Tuoane as Director  For       For        Management
3.2   Elect W.M. Gule as Director               For       For        Management
3.3   Elect M.W. King as Director               For       For        Management
3.4   Elect P.T. Motsepe as Director            For       For        Management
3.5   Elect C.M.L. Savage as Director           For       For        Management
3.6   Elect S.P. Sibisi as Director             For       For        Management
3.7   Elect D.V. Simelane as Director           For       For        Management
3.8   Elect R.V. Simelane as Director           For       For        Management
3.9   Elect M.V. Sisulu as Director             For       For        Management
3.10  Elect P. Taljaard e as Director           For       For        Management
3.11  Elect A.J. Wilkens as Director            For       For        Management
4.1   Reelect T.S.A. Grobicki as Director       For       For        Management
4.2   Reelect M.F. Pleming as Director          For       For        Management
4.3   Reelect Z.B. Swanepoel as Director        For       For        Management
5     Amend Articles of Association to Reflect  For       For        Management
      Amended JSE Listing Requirements Re:
      Share Issuances
6     Amend Articles of Association to Reflect  For       For        Management
      Amended JSE Listing Requirements Re:
      Announcements of Notices of Meetings
      Through SENS
7     Amend Articles of Association Re: Quorum  For       For        Management
      at Board Meetings
8     Amend Articles of Association Re:         For       For        Management
      Approval of Board Resolutions
9     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
10    Approve Harmony (2003) Share Option       For       Against    Management
      Scheme
11    Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
12    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

HARMONY GOLD MINING LTD.

Ticker:       HMY            Security ID:  ZAE000015228
Meeting Date: SEP 1, 2003    Meeting Type: Special
Record Date:  AUG 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       Did Not    Management
      From ZAR 125 Million to ZAR 175 Million             Vote
2     Approve Scheme of Arrangement Between     For       Did Not    Management
      Company and African Rainbow Minerals Gold           Vote
      Ltd., Substitute Offer, and Issuance of
      Up to 64 Million Harmony Shares
3     Place Authorized But Unissued Shares      For       Did Not    Management
      under Control of Directors                          Vote
4     Approve Issuance of Shares without        For       Did Not    Management
      Preemptive Rights up to a Maximum of 15             Vote
      Percent of Issued Capital
5     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote


--------------------------------------------------------------------------------

HARMONY GOLD MINING LTD.

Ticker:       HMY            Security ID:  ZAE000015228
Meeting Date: MAY 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of 1,700 Convertible   For       For        Management
      Bonds without Preemptive Rights
2     Authorize Board to Allot and Issue New    For       For        Management
      Shares Pursuant to Conversion of
      Convertible Bonds
3     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

HUADIAN POWER INTERNATIONAL (FORMER SHANDONG INT'L POWER DEV

Ticker:                      Security ID:  CN0009185819
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAY 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements and Auditors' For       Abstain    Management
      Reports
4     Approve Final Dividend of RMB0.035 Per    For       For        Management
      Share
5     Approve KPMG, CPAs and KPMG Huazhen as    For       For        Management
      International and Domestic Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
1a    Approve Issuance to Individuals and       For       For        Management
      Institutional Investors in the PRC and
      China Huadian Corp. of Renminbi
      Denominated Domestic Ordinary Shares with
      a Nominal Value of RMB1.0 Each (A Shares)
      and List Such A Shares on the Shanghai
      Stock Exchange
1b    Approve Proposed Issue of A Shares to     For       For        Management
      China Huadian Corp.
2     Approve Intended Use of Proceeds Raised   For       For        Management
      from the Proposed A Share Issue and
      Authorize Board to Finalize the
      Particulars of the Proposal
3     Amend Articles Re: Proposed A Share Issue For       For        Management
4     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors in
      Contracts Entered into by the Company


--------------------------------------------------------------------------------

HUADIAN POWER INTERNATIONAL (FORMER SHANDONG INT'L POWER DEV

Ticker:                      Security ID:  CN0009185819
Meeting Date: OCT 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Appoint Ding Huiping, Zhao Jinghua, Hu    For       For        Management
      Yuanmu and Wang Chuanshun as Independent
      Directors and Authorize Board to Fix
      Their Remuneration
2     Approve the Establishment of a Strategic  For       For        Management
      Committee, an Audit Committee and a
      Remuneration and Monitoring Committee


--------------------------------------------------------------------------------

HUANENG POWER INTERNATIONAL INC.

Ticker:       HNP            Security ID:  CN0009115410
Meeting Date: JUN 15, 2004   Meeting Type: Special
Record Date:  MAY 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 40 Percent         For       For        Management
      Interest in Hebei Hanfeng Power
      Generation Limited Liability Co. and 90
      Percent Interest in Jinggangshan Huaneng
      Power Generation Limited Liability Co.
      and Agreement for the Transfer of Huaneng
      Group Interest
2     Approve Acquisition of Huaneng Hunan      For       For        Management
      Yueyang Power Generation Limited
      Liability Co., Huaneng Chongqing Luohuang
      Power Generation Limited Liability Co.
      and the Entire Assets and Liabilities of
      Huaneng Intl. Power Devt. Corp. Yingkou
      Branch Co.
3     Approve Guarantee Arrangements and        For       Against    Management
      Agreements Between Hebei Hanfeng Power
      Generation Limited Liability Co.,
      Jinggangshan Huaneng Power Generation
      Limited Liability Co. and China Huaneng
      Group
4     Approve Entrusted Loan Arrangement        For       Against    Management
      Between Huaneng Hunan Yueyang Power
      Generation Limited Liability Co., Huaneng
      Intl. Power Devt. Corp. and China Huaneng
      Finance Co.
5     Approve Loan and Deposit Arrangement      For       Against    Management
      Between Jinggangshan Huaneng Power
      Generation Limited Liability Co. and
      China Huaneng Finance Co.


--------------------------------------------------------------------------------

HUANENG POWER INTERNATIONAL INC.

Ticker:       HNP            Security ID:  CN0009115410
Meeting Date: JUL 22, 2003   Meeting Type: Special
Record Date:  JUL 2, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Transfer Agreement Entered into   For       For        Management
      by Huaneng Power International Inc and
      China Huaneng Group
2.1   Approve Guarantee Agreements Entered into For       For        Management
      by China Huaneng Group and its
      Subsidiaries
2.2   Approve Loan Borrowing Agreement Entered  For       For        Management
      into by China Huaneng Group and Shanxi
      Huaneng Yushe Power Limited Liability
      Company
2.3   Approve Deposit and Borrowing Agreements  For       For        Management
      Entered Among Henan Huaneng Qinbei Power
      Generation Ltd, Shanxi Huaneng Yushe
      Power Ltd, China Huaneng Group Xindian
      Power Plant, and China Huaneng Finance Co


--------------------------------------------------------------------------------

HUANENG POWER INTERNATIONAL INC.

Ticker:       HNP            Security ID:  CN0009115410
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Supervisors' Report                For       Abstain    Management
3     Accept Financial Statements               For       Abstain    Management
4     Approve PricewaterhouseCoopers Zhong Tien For       For        Management
      CPAs and PricewaterhouseCoopers as
      Domestic and International Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
5     Approve Remuneration of Independent       For       For        Management
      Directors
6     Approve Allocation of Income and          For       For        Management
      Dividends
7     Approve Capitalization of Capital Reserve For       For        Management
      and Retained Earning
8     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

HURRIYET GAZETE

Ticker:                      Security ID:  TRAHURGZ91D9
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Donations Made in Financial Year  For       Did Not    Management
      2003                                                Vote
5     Accept Financial Statements               For       Did Not    Management
                                                          Vote
6     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
7     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
8     Elect Directors                           For       Did Not    Management
                                                          Vote
9     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
10    Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions With              Vote
      the Company and Be Involved with
      Companies with Similar Corporate Purpose


--------------------------------------------------------------------------------

IMPALA PLATINUM HOLDINGS LTD.

Ticker:                      Security ID:  ZAE000003554
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Confirm Appointment of T.V. Mokgatlha and For       For        Management
      L.J. Paton as Directors
3     Reelect M.V. Mennell, D.H. Brown, K.C.    For       For        Management
      Rumble, and D.M. O'Connor as Directors
4     Approve Remuneration of Directors         For       For        Management
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Approve Amendments to Deed of Implats     For       For        Management
      Share Incentive Trust Re: Deed of
      Agreements Entered into Between Impala
      Platinum Ltd. and Implats Share Incentive
      Trust
8     Amend Articles of Association Re: Board   For       Against    Management
      Size and Board Decisions
9     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

IMPERIAL HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000003620
Meeting Date: MAR 5, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Creation of up to 50 Million      For       For        Management
      Deferred Ordinary Shares
2     Amend Articles Re: Rights and Conditions  For       For        Management
      Attached to Deferred Ordinary Shares
3     Approve Issuance of 22.8 Million Deferred For       For        Management
      Ordinary Shares to Ukhamba Holdings (Pty)
      Ltd.
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

IMPERIAL HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000003620
Meeting Date: NOV 4, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Nov. 4, 2002 AGM       For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Remuneration of Directors         For       For        Management
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares, Options, or   For       For        Management
      Convertible Securities without Preemptive
      Rights up to a Maximum of 15 Percent of
      Issued Capital
7     Confirm Appointment of M.J. Leeming and   For       For        Management
      S.A. Tati as Directors
8     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
9.1   Reelect L. Boyd as Director               For       For        Management
9.2   Reelect P.L. Erasmus as Director          For       For        Management
9.3   Reelect E. Molobi as Director             For       For        Management
10    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
11    Approve Reduction of Share Premium        For       For        Management
      Account
12    Other Business                            None      Against    Management


--------------------------------------------------------------------------------

INDUSTRIAL FINANCE CORP (FORMERLY IFCT FINANCE & SECURITIES)

Ticker:                      Security ID:  TH0013010010
Meeting Date: JUL 24, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Approve Connected Party Transaction Rules For       For        Management
      and Procedures
3     Approve Proposed Waiver to Make a         For       For        Management
      Mandatory Offer


--------------------------------------------------------------------------------

INDUSTRIAL FINANCE CORP (FORMERLY IFCT FINANCE & SECURITIES)

Ticker:                      Security ID:  TH0013010010
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of EGM                    For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Omission  For       Abstain    Management
      of Dividends
4     Elect Directors                           For       For        Management
5     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6     Approve Delisting of Company's Ordinary   For       For        Management
      Shares from Stock Exchange of Thailand
7     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

INDUSTRIAS PENOLES

Ticker:                      Security ID:  MXP554091415
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Elect Directors and Approve Remuneration  For       For        Management
4     Elect Supervisory Board and Approve       For       For        Management
      Remuneration
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

INDUSTRIAS PENOLES

Ticker:                      Security ID:  MXP554091415
Meeting Date: DEC 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance with        For       For        Management
      Mexican Market Law
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

INFOSYS TECHNOLOGIES LTD

Ticker:       INFY           Security ID:  456788108
Meeting Date: JUN 12, 2004   Meeting Type: ANNUAL
Record Date:  APR 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     Election of the Directors                 FOR       FOR        Management
4     Election of the Directors                 FOR       FOR        Management
5     Election of the Directors                 FOR       FOR        Management
6     Election of the Directors                 FOR       FOR        Management
7     Election of the Directors                 FOR       FOR        Management
8     Appointment of the Auditors               FOR       FOR        Management
9     Approval to delist its common shares and  FOR       FOR        Management
      all other securities from the Bangalore
      Stock Exchange.
10    Approve Commission Remuneration of        FOR       FOR        Management
      Nonexecutive Directors.
11    Approve Remuneration of Executive         FOR       FOR        Management
      Directors
12    Approve Remuneration of Executive         FOR       FOR        Management
      Directors
13    Approve Reappointment and Remuneration of FOR       FOR        Management
      S. Gopalakrishnan, Deputy Managing
      Director
14    Approve Increase in authorized capital to FOR       FOR        Management
      INR 1.5 bln.
15    Amend the Articles of Incorporation       FOR       FOR        Management
16    Authorize capitalization of reserves for  FOR       FOR        Management
      bonus issue.
17    Bd is seeking  approval to transfer       FOR       FOR        Management
      353,400 shs remaining from teh Infosys
      Technologies Ltd. Employees Welfare Trust
      to a new trust to be established for the
      benefit of the co's employees.


--------------------------------------------------------------------------------

ISCOR LTD.

Ticker:                      Security ID:  ZAE000037453
Meeting Date: NOV 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30 , 2003
2     Reelect R.G. Cottrell as Director         For       For        Management
3     Reelect S. Maheshwari as Director         For       For        Management
4     Reelect K.D.K. Mokhele as Director        For       For        Management
5     Reelect A.M. Thebyane as Director         For       For        Management
6     Reelect M.J.U.T. Van Wijngaarden as       For       For        Management
      Director
7     Approve Non-Executive Directors Fees for  For       For        Management
      the Year Ended June 30, 2003
8     Approve Remuneration of Non- Executive    For       For        Management
      Directors for the Period of Jan. 1, 2004
      to June 30, 2004
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

ISCOR LTD.

Ticker:                      Security ID:  ZAE000037453
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Reelect Davinder Chugh as Director        For       For        Management
2.2   Reelect Malcolm MacDonald as Director     For       For        Management
2.3   Reelect Cathie Marcus as Director         For       For        Management
2.4   Reelect Aditya Mittal as Director         For       For        Management
2.5   Reelect Khaya Ngqula as Director          For       For        Management
3     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
4     Approve Remuneration of Directors for     For       For        Management
      Fiscal Year 2004
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ISRAEL CHEMICALS LIMITED

Ticker:                      Security ID:  IL0002810146
Meeting Date: SEP 1, 2003    Meeting Type: Special
Record Date:  AUG 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Reappoint Y. Rosen, I. Ofer, C. Erez, M.  For       For        Management
      Vidman, M. Dahleh, N. Yatziv, A. Paz, and
      A. Sade as Directors
2     Reappoint B. Rabinovitz and Appoint Y.    For       For        Management
      Dior as Outside Directors
3     Set Uniform Pay for Directors, Including  For       For        Management
      Outside Directors, at the Maximum Amounts
      in the Companies Regulations (Rules for
      Payment and Expenses of an Outside
      Director), 5760-2000


--------------------------------------------------------------------------------

ISRAEL CHEMICALS LIMITED

Ticker:                      Security ID:  IL0002810146
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAY 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Reelect Y. Rosen, I. Ofer, C. Erez, M.    For       For        Management
      Dachla, M. Vidman, N. Yatziv, A. Paz, and
      A. Sadeh as Directors, and Approve
      Directors' Compensation
3     Approve Kesselman & Kesselman as Auditors For       For        Management
      and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

ISRAEL DISCOUNT  BANK

Ticker:                      Security ID:  IL0006912120
Meeting Date: JUN 14, 2004   Meeting Type: Special
Record Date:  JUN 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Director/Officer Liability and    For       Against    Management
      Indemnification Insurance
2     Approve 10 Percent Pay Increase and Bonus For       Against    Management
      of NIS 575,000 ($130,500) for Board
      Chairman
3     Approve Severance Agreement for Board     For       Against    Management
      Chairman


--------------------------------------------------------------------------------

ISRAEL DISCOUNT  BANK

Ticker:                      Security ID:  IL0006912120
Meeting Date: NOV 24, 2003   Meeting Type: Annual
Record Date:  NOV 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports (Voting)
2     Approve as Final Dividend the Interim     For       For        Management
      Dividend of 6 Percent Paid on Dec. 31,
      2002, to Shareholders of 40,000, 6
      Percent Cumulative Preference Shares,
      Nominal Value of NIS 0.00504 Per Share
3     Reappoint Ziv Haft and Somekh Chaikin as  For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Elect Y. Lifshitz as a Director           For       For        Management
5     Approve Director/Officer Liability and    For       Against    Management
      Indemnification Insurance
6     Approve Remuneration of Chairman for 1999 For       Against    Management


--------------------------------------------------------------------------------

JD GROUP LTD.

Ticker:                      Security ID:  ZAE000030771
Meeting Date: AUG 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Odd Lot Offers         For       For        Management
2     Authorize Repurchase of Shares Pursuant   For       For        Management
      to Odd-Lot Offer
3     Approve Odd-Lot Offer                     For       For        Management
4     Approve Amended JD Group Employee Share   For       Against    Management
      Incentive Scheme
5     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

JD GROUP LTD.

Ticker:                      Security ID:  ZAE000030771
Meeting Date: FEB 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Aug. 31, 2003
2     Reelect M.E. King, D. Konar, and I.D.     For       Against    Management
      Sussman as Directors
3     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of Six
      Percent of Issued Capital
4     Reappoint Deloitte & Touche as Auditors   For       For        Management


--------------------------------------------------------------------------------

JIANGSU EXPRESSWAY

Ticker:                      Security ID:  CN0009076356
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  MAY 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Supervisors' Report                For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Final    For       For        Management
      Dividend of RMB0.145 Per Share
5     Reappoint Deloitte Touche Tohmatsu CPAs   For       For        Management
      Ltd. and Deloitte Touche Tohmatsu as PRC
      and International Auditors and Fix Their
      Remuneration at RMB1.2 Million
6     Elect Xie Jia Quan as Director for a Term For       For        Management
      Commencing on the Date of this Meeting Up
      to the Date of the Annual Meeting for the
      Year 2006
7     Approve Investment of RMB10.5 Billion in  For       For        Management
      the Widening of the Existing Four-Lane
      Dual Carriageway of the Jiangsu Section
      of Shanghai-Nanjing Expressway into an
      Eight-Lane Dual Expressway
8     Approve Proposal to Pay RMB6.4 Million to For       For        Management
      Employees Qualified Under the Cash
      Housing Allowance Scheme
9     Amend Articles Re: Voting at General      For       For        Management
      Meetings and Nomination of Directors


--------------------------------------------------------------------------------

JIANGSU EXPRESSWAY

Ticker:                      Security ID:  CN0009076356
Meeting Date: MAR 23, 2004   Meeting Type: Special
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Deloitte Touche Tohmatsu as       For       For        Management
      Auditors and Approve RMB1.18 Million Per
      Annum as Remuneration
2     Amend Articles Re: Recognized Clearing    For       For        Management
      House, Election of Directors, Composition
      of Supervisory Committee, Approval for
      the Granting of Any Guarantee of
      Liabilities


--------------------------------------------------------------------------------

JIANGXI COPPER

Ticker:                      Security ID:  CN0009070615
Meeting Date: JAN 15, 2004   Meeting Type: Special
Record Date:  DEC 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Blister Copper Purchase Agreement For       For        Management
      Between Jiangxi Copper Co. Ltd. (the
      Company) and Jiangxi Copper Corp. (JCC)
2     Approve Blister (Scrap) Copper Processing For       For        Management
      Agreement Between the Company and JCC
3     Approve Consolidated Supply Agreement     For       For        Management
      Between the Company and Jiangxi Copper
      Products Co. Ltd.
4     Approve Consolidated Supply and Service   For       For        Management
      Agreement Between JCC and Jiangxi Copper
      Products Co. Ltd.
5     Approve Capital Increase Agreement        For       For        Management
      Between the Company, JCC and JCC Copper
      Products Co. Ltd.
6     Amend Corporate Purpose                   For       For        Management
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights


--------------------------------------------------------------------------------

JIANGXI COPPER

Ticker:                      Security ID:  CN0009070615
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of Directors                For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements and Auditors' For       Abstain    Management
      Reports
4     Approve Proposal for Profit Distribution  For       For        Management
5     Reappoint Deloitte Touche Tohmatsu        For       For        Management
      Shanghai CPA Ltd. and Deloitte Touche
      Tohmatsu as the Company's PRC and
      International Auditors and Authorize Any
      Two Executive Directors to Fix Their
      Remuneration and to Enter into the
      Service Agreement with the Auditors
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights


--------------------------------------------------------------------------------

JOLLIBEE FOODS CORPORATION

Ticker:                      Security ID:  PHY4466S1007
Meeting Date: OCT 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger of FSC Foods Corp. and     For       Against    Management
      Superior FSC Foods Corp. into Jollibee
      Foods Corporation


--------------------------------------------------------------------------------

JOLLIBEE FOODS CORPORATION

Ticker:                      Security ID:  PHY4466S1007
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAY 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification by the Corporate Secretary  For       For        Management
      on the Sending of Notices and Existence
      of a Quorum
3     Reading and Approval of Minutes of        For       For        Management
      Previous Shareholder Meeting
4     Report of the President                   For       Abstain    Management
5     Ratify Acts of Board and Management       For       For        Management
6     Approve Merger of Jollibee Foods          For       For        Management
      Corporation, Mary's Foods Corporation,
      Ice Cream Copenhagen Phils., Inc. and
      Donut Magic Phils., Inc.
7     Amend By-Laws Re: Procedure for           For       For        Management
      Nomination and Election of Independent
      Director
8     Elect Directors                           For       For        Management
9     Appoint Auditors                          For       For        Management
10    Other Business                            For       Against    Management
11    Adjournment                               For       For        Management


--------------------------------------------------------------------------------

KASIKORNBANK PCL (FORMERLY THAI FARMERS BANK)

Ticker:                      Security ID:  TH0016010017
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Directors' Report                  For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Compensation of the Accumulated   For       For        Management
      Losses of the Company
5     Elect Directors                           For       For        Management
6     Amend Articles of Association Re: Board   For       For        Management
      of Directors
7     Approve Names and Number of Directors Who For       For        Management
      Have Signing Authority
8     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
9     Amend Memorandum and Articles of          For       For        Management
      Association
10    Approve Reduction in Registered Capital   For       For        Management
      to Baht 24 Billion
11    Approve Increase in Registered Capital to For       For        Management
      Baht 30.5 Billion
12    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

KIATNAKIN FINANCE AND SECURITIES PUBLIC CO LTD

Ticker:                      Security ID:  TH0121010019
Meeting Date: APR 9, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 2.25 per Share
5     Elect Directors and Fix Their             For       For        Management
      Remuneration
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
7     Accept Report on the Remuneration and     For       For        Management
      Benefits of the Directors and Executive
      Officers
8     Accept Report of the Audit Committee      For       Abstain    Management
9     Authorize Issuance of Debentures not      For       For        Management
      exceeding Baht 10 Billion or its
      Equivalent in Other Currency
10    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

KIMBERLY CLARK DE MEXICO S.A. DE C.V.

Ticker:                      Security ID:  MXP606941179
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Did Not    Management
      Financial Statements and Statutory                  Vote
      Reports; Approve Allocation of Income
2     Approve Series A, B, and Special Series T For       Did Not    Management
      Cash Dividend of MXN 1.88 Per Share                 Vote
3     Elect Management Board, Supervisory Board For       Did Not    Management
      Members, and Respective Alternates                  Vote
4     Approve Remuneration of Directors,        For       Did Not    Management
      Supervisory Board, and Respective                   Vote
      Alternates
5     Approve Reduction of MXN 226,015.28 in    For       Did Not    Management
      Share Capital Via Cancellation of 27.6              Vote
      Million Shares (14.3 Million Series A and
      13.3 Million Series B)
6     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote
7     Approve Merger by Absorption of Papeles   For       Did Not    Management
      de Calidad San Rafael SA de CV                      Vote
8     Approve Issuance of 18 Million Special    For       Did Not    Management
      Series T Workers' Shares to Service                 Vote
      Employee Stock Ownership Plan
9     Amend Articles Re: Compliance With        For       Did Not    Management
      Mexican Market Regulation                           Vote
10    Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote


--------------------------------------------------------------------------------

KOMERCNI BANKA A.S.

Ticker:                      Security ID:  CZ0008019106
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  JUN 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman and Other Meeting          For       For        Management
      Officials; Approve Procedural Rules
3     Approve Board Report                      For       Abstain    Management
4     Discuss Financial Statements and          None      Abstain    Management
      Consolidated Financial Statements
5     Receive Supervisory Board Report on       None      Abstain    Management
      Financial Statements, Allocation of
      Income, and Related Party Transactions
6     Approve Financial Statements              For       Abstain    Management
7     Approve Allocation of Income              For       For        Management
8     Approve Consolidated Financial Statements For       Abstain    Management
9     Authorize Share Repurchase Program        For       For        Management
10    Approve Remuneration of Directors         For       For        Management
11    Amend Articles of Association             For       For        Management
12    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

KRUNG THAI BANK

Ticker:                      Security ID:  TH0150010Z11
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Directors'Report                   For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 0.47 per Share
5     Elect Directors                           For       For        Management
6     Approve Remuneration of Directors         For       For        Management
7     Approve State Audit Office as Auditors    For       For        Management
      and Authorize Board to Fix Their
      Remuneration
8     Amend Articles of Association             For       Against    Management
9     Accept Acknowledgement of the Expenses    For       Against    Management
      for Shares Distribution by the Financial
      Instituions Development Fund
10    Approve Transfer of the Bank's            For       Against    Management
      Information Technology (IT) assets to the
      Krungthai Computer Services Co, Ltd
11    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

LAND & HOUSE PUBLIC CO. LTD.

Ticker:                      Security ID:  TH0143010Z16
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 0.70 per Share
5     Elect Directors and Fix Their             For       For        Management
      Remuneration
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
7     Authorize Issuance of Debentures Not      For       For        Management
      Exceeding Baht 5 Billion
8     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

LENOVO GROUP LIMITED (FORMERLY LEGEND GROUP LIMITED)

Ticker:                      Security ID:  HK0992009065
Meeting Date: JUL 15, 2003   Meeting Type: Annual
Record Date:  JUL 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final and Special Dividends       For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

LENOVO GROUP LIMITED (FORMERLY LEGEND GROUP LIMITED)

Ticker:                      Security ID:  HK0992009065
Meeting Date: MAR 25, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Change in Company Name            For       For        Management


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LIBERTY GROUP (FORMERLY LIBERTY LIFE ASSOCIATION OF AFRICA)

Ticker:                      Security ID:  ZAE000024543
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Approve Remuneration of Chairman in the   For       For        Management
      Amount of ZAR 825,000
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of ZAR 50,000
4     Approve Remuneration of Chairman of Audit For       For        Management
      and Actuarial Committee in the Amount of
      ZAR 75,000
5     Approve Remuneration of Members of Audit  For       For        Management
      and Actuarial Committee in the Amount of
      ZAR 40,000
6     Approve Remuneration of Chairman of Risk  For       For        Management
      Committee in the Amount of ZAR 50,000
7     Approve Remuneration of Members of Risk   For       For        Management
      Committee in the Amount of ZAR 25,000
8     Approve Remuneration of Chairman of       For       For        Management
      Remuneration Committee in the Amount of
      ZAR 40,000
9     Approve Remuneration of Members of        For       For        Management
      Remuneration Committee in the Amount of
      ZAR 25,000
10    Approve Remuneration of Chairman of       For       For        Management
      Transformation Committee in the Amount of
      ZAR 50,000
11    Approve Remuneration of Members of        For       For        Management
      Transformation Committee in the Amount of
      ZAR 25,000
12.1  Reelect A.W.B. Band as Director           For       For        Management
12.2  Reelect D.A. Hawton as Director           For       For        Management
12.3  Reelect S.J. Macozoma as Director         For       For        Management
12.4  Reelect L. Patel as Director              For       For        Management
12.5  Reelect S.P. Sibisi as Director           For       For        Management
13    Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
14    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of Ten
      Percent of Issued Capital
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

MAKHTESHIM - AGAN INDUSTRIES LTD

Ticker:                      Security ID:  IL0010818198
Meeting Date: JUL 31, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Option Plan Grants to       For       Against    Management
      Non-Employee Directors, Employees of the
      Company, and Employees of Subsidiaries


--------------------------------------------------------------------------------

MAKHTESHIM - AGAN INDUSTRIES LTD

Ticker:                      Security ID:  IL0010818198
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUL 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Present Financial Statements and          For       Did Not    Management
      Statutory Reports (Voting)                          Vote
2     Re-appoint Directors                      For       Did Not    Management
                                                          Vote
3     Approve Remuneration of Directors for     For       Did Not    Management
      Maximum Amounts in Accordance with                  Vote
      Israeli Companies Law
4     Approve Director/Officer Liability and    For       Did Not    Management
      Indemnification Insurance                           Vote
5     Approve Somech Haikin & Co. as Auditors   For       Did Not    Management
      and Authorize Board to Fix Their                    Vote
      Remuneration


--------------------------------------------------------------------------------

MAKHTESHIM - AGAN INDUSTRIES LTD

Ticker:                      Security ID:  IL0010818198
Meeting Date: DEC 17, 2003   Meeting Type: Special
Record Date:  DEC 2, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Appoint Avishai Braverman as External     For       For        Management
      Director
2     Appoint Ephraim Halevy as External        For       For        Management
      Director


--------------------------------------------------------------------------------

MANILA ELECTRIC CO. (MERALCO)

Ticker:                      Security ID:  PHY5764J1145
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice and Quorum        For       For        Management
3     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting
4     Annual Report of the President            For       Abstain    Management
5     Approve Audited Financial Statements      For       Abstain    Management
6     Ratify Acts of Board and Management       For       For        Management
7     Appoint Auditors                          For       For        Management
8     Elect Directors                           For       For        Management
9     Other Business                            For       Against    Management
10    Adjournment                               For       For        Management


--------------------------------------------------------------------------------

MATAV RT

Ticker:                      Security ID:  HU0000016522
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report on Company      For       Abstain    Management
      Business Policy and Financial Situation
      in 2003
2     Approve Directors' Report on Business     For       Abstain    Management
      Operations in 2003, Supervisory Board's
      Report and Auditor's Report
3     Approve Allocation of Income Earned in    For       For        Management
      2003 and Dividend of HUF 70 per Share
4     Approve Dematerialization of Shares       For       For        Management
5     Amend Articles of Association             For       Against    Management
6     Elect Management Board                    For       For        Management
7     Elect Supervisory Board                   For       For        Management
8     Approve Remuneration of Management and    For       For        Management
      Supervisory Board Members
9     Approve Auditors and Fix Their            For       For        Management
      Remuneration
10    Approve Rules of Procedure of Supervisory For       Against    Management
      Board
11    Approve Amendments to Matav Stock Option  Against   Against    Shareholder
      Plan
12    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

MEGAWORLD CORP (FRM.MEGAWORLD PROPERTIES & HOLDINGS, INC.)

Ticker:                      Security ID:  PHY594811044
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice and Quorum        For       For        Management
3     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting
4     Approve Annual Report of Management       For       Abstain    Management
5     Appoint Auditors                          For       For        Management
6     Ratify Acts of the Board and Management   For       For        Management
      for 2003
7     Elect Directors                           For       For        Management
8     Adjournment                               For       For        Management


--------------------------------------------------------------------------------

MEGAWORLD CORP (FRM.MEGAWORLD PROPERTIES & HOLDINGS, INC.)

Ticker:                      Security ID:  PHY594811044
Meeting Date: JUL 30, 2003   Meeting Type: Annual
Record Date:  MAY 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       Did Not    Management
                                                          Vote
2     Certification of Notice and Quorum        For       Did Not    Management
                                                          Vote
3     Approve Minutes of Previous Shareholder   For       Did Not    Management
      Meeting                                             Vote
4     Approve Annual Report of Management       For       Did Not    Management
                                                          Vote
5     Appoint Auditors                          For       Did Not    Management
                                                          Vote
6     Ratify Acts of Board and Management       For       Did Not    Management
                                                          Vote
7     Elect Directors                           For       Did Not    Management
                                                          Vote
8     Other Business                            For       Did Not    Management
                                                          Vote
9     Adjournment                               For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

METRO CASH & CARRY LIMITED

Ticker:                      Security ID:  ZAE000012688
Meeting Date: SEP 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Apr. 30, 2003
2.1   Reelect J.R. McAlpine as Director         For       For        Management
2.2   Reelect H. Mer as Director                For       For        Management
2.3   Reelect S.O. Shonhiwa as Director         For       For        Management
2.4   Reelect F. v. Z. Slabbert as Director     For       For        Management
2.5   Reelect R.D. Taurog as Director           For       For        Management
3     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
4     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

METROPOLITAN BANK & TRUST COMPANY

Ticker:                      Security ID:  PHY6028G1361
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice and Quorum        For       For        Management
3     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting Held on Apr. 30, 2003
4     Approve Report to the Stockholders        For       Abstain    Management
5     Ratify Acts of Board and Management       For       For        Management
6     Elect Directors                           For       For        Management
7     Other Business                            For       Against    Management
8     Adjournment                               For       For        Management


--------------------------------------------------------------------------------

METROPOLITAN HOLDINGS LIMITED (FORMERLY NEW AFRICA CAPITAL)

Ticker:                      Security ID:  ZAE000033361
Meeting Date: NOV 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Company Name to Metropolitan       For       For        Management
      Holdings Ltd.
2     Amend Articles Re: Odd Lot Offers         For       For        Management
3     Authorize Repurchase of Shares Pursuant   For       For        Management
      to Odd-Lot Offer
4     Authorize Repurchase of 36.4 Million      For       For        Management
      Shares Held by New Africa Investments
      Ltd.
5     Approve Odd-Lot Offer                     For       For        Management
6     Approve Issuance of Shares with           For       For        Management
      Preemptive Rights Pursuant to Odd-Lot
      Offer
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 10
      Percent of Issued Capital
8     Authorize Any Director or Officer of      For       For        Management
      Company to Ratify and Execute Approved
      Resolutions


--------------------------------------------------------------------------------

METROPOLITAN HOLDINGS LIMITED (FORMERLY NEW AFRICA CAPITAL)

Ticker:                      Security ID:  ZAE000050456
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt New Articles of Association         For       For        Management
2     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
4     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
5     Approve Resignation of Ernst & Young as   For       For        Management
      Joint Auditors
6     Ratify PriceWaterhouseCoopers as Auditors For       For        Management
7     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
8.1   Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
8.2.1 Reelect W.P. Esterhuyse as Director       For       For        Management
8.2.2 Reelect S.A. Muller as Director           For       For        Management
8.2.3 Reelect M.L. Smith as Director            For       For        Management
8.2.4 Reelect F.A. Sonn as Director             For       For        Management
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

MOL HUNGARIAN OIL AND GAS PLC.(FORMERLY MOL MAGYAR OLAY-ES

Ticker:                      Security ID:  HU0000068952
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Directors' Report on 2003         None      Did Not    Management
      Business Year and Proposal on Allocation            Vote
      of Income
1.2   Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
1.3   Receive Supervisory Board's Report        None      Did Not    Management
                                                          Vote
1.4   Approve Financial Statements and          For       Did Not    Management
      Allocation of Income and Dividend                   Vote
2     Approve Auditors and Fix Their            For       Did Not    Management
      Remuneration                                        Vote
3     Amend Articles of Association             For       Did Not    Management
                                                          Vote
4     Receive Board's Report on Transactions    For       Did Not    Management
      with Treasury Shares and Authorize Share            Vote
      Repurchase Program
5     Elect Supervisory Board Members and       For       Did Not    Management
      Determine Their Remuneration                        Vote
6     Elect Members of Board of Directors and   For       Did Not    Management
      Determine Their Remuneration                        Vote


--------------------------------------------------------------------------------

MTN GROUP LTD.(FORMERLY M-CELL)

Ticker:                      Security ID:  ZAE000042164
Meeting Date: SEP 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Company and Group Financial        For       Abstain    Management
      Statements and Statutory Reports for Year
      Ended Mar. 31, 2003
2     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
3.1   Reelect D.D.B. Band as Director           For       For        Management
3.2   Reelect R.S. Dabengwa as Director         For       For        Management
3.3   Reelect P.L. Heinamann as Director        For       For        Management
3.4   Reelect R.D. Nisbet as Director           For       For        Management
4.1   Elect A.F. van Biljon as Director         For       For        Management
4.2   Elect S.L. Botha as Director              For       For        Management
5     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
6     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
7     Waive Preemptive Rights for Share         For       For        Management
      Issuances
8     Approve Remuneration of Directors for     For       For        Management
      Year Ending Mar. 31, 2004
9     Approve Extension of Three Year Service   For       Against    Management
      Contract of P.F. Nhleko to Five Years
10    Amend Share Incentive Scheme Re: Pricing  For       For        Management
      of Options, Payment of Purchase Price,
      and Exercise of Options
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

NAMPAK LTD.

Ticker:                      Security ID:  ZAE000004933
Meeting Date: JAN 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect R.P. Becker as Director             For       For        Management
2.1   Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
2.1.1 Reelect M.M. Katz as Director             For       For        Management
2.1.2 Reelect A.M. Martinusen as Director       For       For        Management
2.1.3 Reelect K.M. Mokoape as Director          For       For        Management
2.1.4 Reelect M.L. Ndlovu as Director           For       For        Management
3     Approve Remuneration of Directors         For       For        Management
4     Approve Stock Option Grants to R.P.       For       Against    Management
      Becker and T. Evans
5     Approve Issuance of Up to 10.4 Million    For       Against    Management
      Shares Pursuant to Share Option Schemes
6     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

NATIONAL FINANCE & SECURITIES

Ticker:                      Security ID:  TH0083010Y15
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 0.60 per Share
5     Elect Directors                           For       For        Management
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
7     Approve Business Restructuring Plan       For       For        Management
8     Amend Articles of Association Re: The     For       For        Management
      Procedures Used for Related Transactions
9     Accept Acknowledgement of Director        For       For        Management
      Remuneration


--------------------------------------------------------------------------------

NATIONAL PETROCHEMICAL

Ticker:                      Security ID:  TH0378010019
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 5.00 per Share
5     Elect Directors                           For       For        Management
6     Approve Remuneration of Directors         For       For        Management
7     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
8     Amend Articles of Association Re: The     For       For        Management
      Procedures Used for Related Transactions,
      Acquisition and Disposition of
      Substantial Assets
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

NEDCOR LTD.

Ticker:                      Security ID:  ZAE000004875
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
3     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

NETWORK HEALTHCARE HOLDINGS LTD.

Ticker:                      Security ID:  ZAE000011953
Meeting Date: JAN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Sept. 30, 2003
2     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
3     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
4.1   Reelect R.H. Bush as Director             For       For        Management
4.2   Reelect J.M. Kahn as Director             For       For        Management
4.3   Reelect H.R. Levin as Director            For       For        Management
4.4   Reelect P.J. Lindeque as Director         For       For        Management
4.5   Reelect N. Weltman as Director            For       For        Management
5     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
6     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
8     Approve Reduction of Share Premium        For       For        Management
      Account by Means of Cash Distribution to
      Shareholders
9     Authorize Any Two Directors to Ratify and For       For        Management
      Execute Approved Resolutions
10    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

NICE-SYSTEMS LTD.

Ticker:                      Security ID:  IL0002730112
Meeting Date: MAY 20, 2004   Meeting Type: Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
A     Approve Additional Director/Officer       For       Against    Management
      Liability and Indemnification Insurance
      Coverage of $20 Million for a Total
      Coverage of $50 Million, and a Premium of
      up to $2.1 Million


--------------------------------------------------------------------------------

NICE-SYSTEMS LTD.

Ticker:                      Security ID:  IL0002730112
Meeting Date: DEC 2, 2003    Meeting Type: Annual
Record Date:  OCT 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
A     Elect J. Atsmon, R. Ben-Shaoul, Y.        For       For        Management
      Dauber, R. Gutler, J. Hughes, D. Kostman,
      and T. Robinson as Directors
B     Approve Directors' Remuneration of NIS    For       Against    Management
      42,681 Per Year and NIS 1,642 Per Meeting
      Attended
C     Approve Employee Stock Option Plan        For       Against    Management
D     Approve Employee Stock Purchase Plan      For       Against    Management
E     Approve Stock Option Plan Grants to       For       Against    Management
      Directors R. Gutler and J. Atsmon
F     Reappoint Kost, Forer & Gabay as Auditors For       For        Management
      and Authorize Board to Fix Their
      Remuneration
G     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports


--------------------------------------------------------------------------------

OIL CO LUKOIL

Ticker:       LUKOY          Security ID:  677862104
Meeting Date: JUN 24, 2004   Meeting Type: ANNUAL
Record Date:  MAY 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     Election of the Directors                 FOR       SPLIT      Management
4     4.1) Elect members to Inspection          FOR       FOR        Management
      Committee (Audit Commission)
5     4.2) Elect members to Inspection          FOR       FOR        Management
      Committee (Audit Commission)
6     4.3) Elect members to Inspection          FOR       FOR        Management
      Committee (Audit Commission)
7     4.4) Elect members to Inspection          FOR       FOR        Management
      Committee (Audit Commission)
8     4.5) Elect members to Inspection          FOR       FOR        Management
      Committee (Audit Commission)
9     5) Approve remuneration of bd of          FOR       FOR        Management
      directors and audit commission; approve
      director/officer liability and
      indemnification.
10    Appointment of the Auditors               FOR       FOR        Management
11    Amend the Charter of Corporation          FOR       FOR        Management
12    8) Amend regulations on general meetings  FOR       FOR        Management
      of shareholders.
13    9) Amend regulations on bd of directors.  FOR       FOR        Management
14    10) Approve transaction w/ an             FOR       FOR        Management
      interested/related party.


--------------------------------------------------------------------------------

OLD MUTUAL PLC

Ticker:                      Security ID:  GB0007389926
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 3.1 Pence Per   For       For        Management
      Ordinary Share
3.1   Elect Michael Marks as Director           For       For        Management
3.2   Re-elect Rudi Bogni as Director           For       For        Management
3.3   Re-elect Norman Broadhurst as Director    For       For        Management
3.4   Re-elect Julian Roberts as Director       For       For        Management
4     Re-appoint KPMG Audit Plc as Auditors of  For       For        Management
      the Company
5     Authorise Audit Committee to Fix          For       For        Management
      Remuneration of the Auditors
6     Approve Remuneration Report               For       For        Management
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 127,917,000
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 19,187,000
9     Authorise 383,752,930 Ordinary Shares for For       For        Management
      Market Purchase
10.1  Approve the Contingent Purchase Contract  For       For        Management
      with Merrill Lynch South Africa (Pty)
      Limited up to 383,752,930 Ordinary Shares
10.2  Approve the Contingent Purchase Contract  For       For        Management
      with Investment House Namibia (Pty)
      Limited up to 383,752,930 Ordinary Shares
10.3  Approve the Contingent Purchase Contract  For       For        Management
      with Fleming Martin Edwards Securities
      (Private) Limited up to 383,752,930
      Ordinary Shares
10.4  Approve the Contingent Purchase Contract  For       For        Management
      with Stockbrokers Malawi Limited up to
      383,752,930 Ordinary Shares
11    Adopt New Articles of Association         For       For        Management
12    Approve Proposals Relating to the         For       For        Management
      Unclaimed Shares Trusts; Amend Memorandum
      of Association


--------------------------------------------------------------------------------

OLD MUTUAL PLC

Ticker:                      Security ID:  GB0007389926
Meeting Date: MAY 14, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposals Relating to the         For       For        Management
      Unclaimed Shares Trusts and Amend
      Memorandum of Association


--------------------------------------------------------------------------------

OTP BANK RT

Ticker:                      Security ID:  HU0000061726
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report on Bank's 2003  For       Abstain    Management
      Business Activities and Financial
      Statements
2     Approve Supervisory Board's Report        For       Abstain    Management
3     Approve Auditor's Report                  For       Abstain    Management
4     Approve Directors' Report on Bank's       For       Abstain    Management
      Business Policy for 2004
5     Approve Auditors and Fix Their            For       For        Management
      Remuneration
6     Elect Supervisory Board Member (Employee  For       For        Management
      Representative)
7     Approve Remuneration of Management and    For       Against    Management
      Supervisory Board Members
8     Amend Articles of Association             For       Against    Management
9     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

PEREZ COMPAC S A

Ticker:       PC             Security ID:  71367B103
Meeting Date: JUL 8, 2003    Meeting Type: SPECIAL
Record Date:  JUN 11, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Non-Compliance w/ Optional        FOR       FOR        Management
      Takeover Law.
2     Amend the Articles of Incorporation       FOR       FOR        Management
3     Designate Two Shareholders to Approve and FOR       FOR        Management
      Sign Minutes of Meeting.


--------------------------------------------------------------------------------

PETROBAS ENERGIA PARTICIPACIONES S.

Ticker:       PC             Security ID:  71646M102
Meeting Date: MAR 19, 2004   Meeting Type: ANNUAL
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
4     Approve remuneration of supervisory       FOR       DID NOT    Management
      board.                                              VOTE
5     Elect supervisory board and alternatives. FOR       DID NOT    Management
                                                          VOTE
6     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
7     Amend the Articles of Incorporation       FOR       DID NOT    Management
                                                          VOTE
8     Approve budget for audit committee.       FOR       DID NOT    Management
                                                          VOTE
9     Designate shareholders to approve and     FOR       DID NOT    Management
      sign minutes of meeting.                            VOTE


--------------------------------------------------------------------------------

PETROCHINA CO. LTD.

Ticker:                      Security ID:  CN0009365379
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Report of the Directors           For       Abstain    Management
2     Approve Report of the Supervisory         For       Abstain    Management
      Committee
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Final Dividends of RMB0.079 Per   For       For        Management
      Share
5     Authorize Board to Determine the          For       For        Management
      Distribution of Interim Dividend for the
      Year 2004
6     Approve PricewaterhouseCoopers and        For       For        Management
      PricewaterhouseCoopers Zhong Tian CPAs
      Limited Company, as International and
      Domestic Auditors, Respectively, and
      Authorize Board to Fix Their Remuneration
7a    Reelect Chen Geng as Director             For       For        Management
7b    Elect Zhou Jiping as Director             For       For        Management
7c    Elect Duan Wende as Director              For       For        Management
8a    Elect Sun Xianfeng as Supervisor          For       For        Management
8b    Elect Xu Fengli as Supervisor             For       For        Management
9     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights


--------------------------------------------------------------------------------

PETRON CORP.

Ticker:                      Security ID:  PHY6885F1067
Meeting Date: JUL 28, 2003   Meeting Type: Annual
Record Date:  MAY 29, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       Did Not    Management
                                                          Vote
2     Certification of Quorum                   For       Did Not    Management
                                                          Vote
3     Approve Minutes of Previous Shareholder   For       Did Not    Management
      Meeting                                             Vote
4     Approve Annual Report of Management       For       Did Not    Management
                                                          Vote
5     Ratify Acts of Board and Management       For       Did Not    Management
                                                          Vote
6     Appoint Auditors                          For       Did Not    Management
                                                          Vote
7     Elect Directors                           For       Did Not    Management
                                                          Vote
8     Other Business                            For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

PHILIP MORRIS CR A.S (FORMERLY TABAK A.S.)

Ticker:                      Security ID:  CS0008418869
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2     Elect Board of General Meeting, Adopt     For       For        Management
      Meeting Agenda
3     Receive Management Board Report on        None      Abstain    Management
      Business Activity in 2003
4     Receive Supervisory Board Report          None      Abstain    Management
5     Approve Management Board Report on        For       Abstain    Management
      Business Activity in 2003
6     Approve 2003 Financial Statements,        For       Abstain    Management
      Consolidated Financial Statements and
      Allocation of Income
7     Approve Remuneration of Management and    For       For        Management
      Supervisory Board Members
8     Elect Management and Supervisory Board    For       For        Management
      Members
9     Close Meeting                             For       For        Management


--------------------------------------------------------------------------------

PHILIPPINE LONG DISTANCE TELEPHONE CO.

Ticker:       PHI            Security ID:  PH7182521093
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice and Quorum        For       For        Management
3     President's Report                        For       Abstain    Management
4     Approve Annual Report of Management       For       Abstain    Management
5     Elect Directors                           For       For        Management
6     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

PICK 'N PAY STORES

Ticker:                      Security ID:  ZAE000005443
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Feb. 29, 2004
2     Reappoint KPMG Inc. as Auditors           For       For        Management
3.1   Reelect Rene de Wet as Director           For       For        Management
3.2   Reelect Colin Hultzer as Director         For       For        Management
3.3   Reelect Davis Nurek as Director           For       For        Management
3.4   Reelect Sean Summers as Director          For       Against    Management
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Remuneration of Directors         For       For        Management
6     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

PT ANEKA TAMBANG

Ticker:                      Security ID:  ID1000060502
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report                 For       Abstain    Management
2     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
3     Approve Allocation of Income              For       For        Management
4     Approve Remuneration of Directors and     For       For        Management
      Commissioners
5     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
6     Transact Other Business (Voting)          For       Against    Management


--------------------------------------------------------------------------------

PT ANEKA TAMBANG

Ticker:                      Security ID:  ID1000060502
Meeting Date: MAY 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Commissioners                       For       For        Management


--------------------------------------------------------------------------------

PT ASTRA INTERNATIONAL INC.

Ticker:                      Security ID:  ID1000057607
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3A    Elect Directors                           For       For        Management
3B    Elect Commissioners                       For       For        Management
3C    Approve Remuneration of Directors and     For       For        Management
      Commissioners
4     Approve Drs. VJH Boentaran Les as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

PT BANK CENTRAL ASIA TBK

Ticker:                      Security ID:  ID1000069404
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Elect Directors and Commissioners         For       For        Management
5     Approve Remuneration of Directors and     For       For        Management
      Commissioners
6     Approve Siddharta, Siddharta and Widjaja  For       For        Management
      as Auditors and Authorize Board to Fix
      Their Remuneration
7     Approve Stock Split                       For       For        Management
8     Approve Dividends                         For       For        Management
9     Accept Report of Audit Committee          For       Abstain    Management


--------------------------------------------------------------------------------

PT BANK MANDIRI (PERSERO) TBK

Ticker:                      Security ID:  ID1000095003
Meeting Date: OCT 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Quasi Reorganization of the       For       Against    Management
      Company Based on Financial Reports


--------------------------------------------------------------------------------

PT BANK MANDIRI (PERSERO) TBK

Ticker:                      Security ID:  ID1000095003
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
4     Approve Remuneration of Commissioners     For       For        Management
5     Elect Commissioners                       For       For        Management
6     Report on Structure of Audit Committee    For       For        Management


--------------------------------------------------------------------------------

PT BANK MANDIRI (PERSERO) TBK

Ticker:                      Security ID:  ID1000095003
Meeting Date: SEP 29, 2003   Meeting Type: Special
Record Date:  SEP 11, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       Against    Management
2     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
3     Authorize Commissioners to Determine      For       For        Management
      Limit of the Uncollectable Principal
      Credit Written Off Accounts
4     Elect Directors and Commissioners         For       For        Management
5     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

PT BANK PAN INDONESIA

Ticker:                      Security ID:  ID1000092703
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Capitalization of Reserves for  For       For        Management
      Bonus Issue
2     Amend Articles of Association             For       Against    Management


--------------------------------------------------------------------------------

PT BANK PAN INDONESIA

Ticker:                      Security ID:  ID1000092703
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of PT Bank Bumiputera For       Against    Management
      Indonesia Tbk


--------------------------------------------------------------------------------

PT BANK PAN INDONESIA

Ticker:                      Security ID:  ID1000092703
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Elect Commissioners                       For       For        Management
4     Elect Directors                           For       For        Management
5     Approve Deloitte & Touche as Auditors and For       For        Management
      Authorize Board to Fix Their Remuneration
6     Transact Other Business (Voting)          For       Against    Management


--------------------------------------------------------------------------------

PT BHAKTI INVESTAMA TBK.

Ticker:                      Security ID:  ID1000064207
Meeting Date: JUN 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights


--------------------------------------------------------------------------------

PT BHAKTI INVESTAMA TBK.

Ticker:                      Security ID:  ID1000064207
Meeting Date: JUN 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
4     Approve Allocation of Income              For       For        Management
5     Elect Directors                           For       For        Management
6     Transact Other Business (Voting)          For       Against    Management


--------------------------------------------------------------------------------

PT BIMANTARA CITRA

Ticker:                      Security ID:  ID1000065501
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Elect Directors and Commissioners         For       For        Management
5     Approve Deloitte & Touches as Auditors    For       For        Management
      and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

PT BIMANTARA CITRA

Ticker:                      Security ID:  ID1000065501
Meeting Date: MAR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
2     Approve Disposal of Shareholding in PT    For       Against    Management
      Multi Nitrotama Kimia
3     Approve Increase in Shareholding in PT    For       Against    Management
      Mobile 8 Telecom


--------------------------------------------------------------------------------

PT BIMANTARA CITRA

Ticker:                      Security ID:  ID1000065501
Meeting Date: JUN 9, 2004    Meeting Type: Special
Record Date:  MAY 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights
2     Amend Articles of Association Re:         For       For        Management
      Issuance of Equity or Equity-Linked
      Securities with Preemptive Rights


--------------------------------------------------------------------------------

PT GUDANG GARAM(PT PERUSAHAAN ROKOK TJAP GUDANG GARAM )

Ticker:                      Security ID:  ID1000068604
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  JUN 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Dividends of IDR 300              For       For        Management
4     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration


--------------------------------------------------------------------------------

PT HANJAYA MANDALA SAMPOERNA

Ticker:                      Security ID:  ID1000074008
Meeting Date: JUN 18, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approval to Change Fund Allocation From   For       For        Management
      the Company's Profit in FY 2002
2     Approve Reduction in Stated Capital       For       For        Management
      Resulting From Share Repurchase


--------------------------------------------------------------------------------

PT HANJAYA MANDALA SAMPOERNA

Ticker:                      Security ID:  ID1000074008
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

PT KALBE FARMA

Ticker:                      Security ID:  ID1000062805
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Split                       For       Against    Management


--------------------------------------------------------------------------------

PT KALBE FARMA

Ticker:                      Security ID:  ID1000096803
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
5     Approve Remuneration of Directors and     For       For        Management
      Commissioners


--------------------------------------------------------------------------------

PT MATAHARI PUTRA PRIMA

Ticker:                      Security ID:  ID1000057508
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
5     Elect Directors and Commissioners, Fix    For       For        Management
      Their Remuneration
6     Transact Other Business (Voting)          For       Against    Management


--------------------------------------------------------------------------------

PT PERUSAHAAN GAS NEGARA (PERSERO) TBK

Ticker:                      Security ID:  ID1000096308
Meeting Date: MAY 26, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Option Plan                 For       Against    Management
2     Elect Commissioners                       For       For        Management


--------------------------------------------------------------------------------

PT PERUSAHAAN GAS NEGARA (PERSERO) TBK

Ticker:                      Security ID:  ID1000096308
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Annual Report                      For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends
4     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
5     Approve Remuneration of Directors and     For       For        Management
      Commissioners


--------------------------------------------------------------------------------

PT RAMAYANA LESTARI SENTOSA

Ticker:                      Security ID:  ID1000066707
Meeting Date: JUN 18, 2004   Meeting Type: Special
Record Date:  JUN 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Split                       For       For        Management


--------------------------------------------------------------------------------

PT RAMAYANA LESTARI SENTOSA

Ticker:                      Security ID:  ID1000066707
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  JUN 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Annual Report                      For       Abstain    Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income              For       For        Management
4     Elect Directors and Commissioners         For       For        Management
5     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration


--------------------------------------------------------------------------------

PT SEMEN GRESIK

Ticker:                      Security ID:  ID1000072705
Meeting Date: JUN 30, 2004   Meeting Type: Annual
Record Date:  JUN 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of IDR 115.03 Per Share
3     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Transact Other Business (Voting)          For       Against    Management


--------------------------------------------------------------------------------

PT SEMEN GRESIK

Ticker:                      Security ID:  ID1000072705
Meeting Date: SEP 29, 2003   Meeting Type: Special
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Approve Remuneration of Directors and     For       For        Management
      Commissioners
3     Approve Debt Refinancing Agreement        For       Against    Management
4     Elect Directors                           For       For        Management


--------------------------------------------------------------------------------

PT TELEKOMUNIKASI INDONESIA

Ticker:       TLK            Security ID:  ID1000057904
Meeting Date: MAR 10, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Replacement of Annual Report and  For       Abstain    Management
      Consolidated Financial Statements for FY
      2002
2     Approve Annual Report 2002 and            For       Abstain    Management
      Ratification of Consolidated Financial
      Statement 2002
3     Ratify Restated Consolidated Financial    For       Abstain    Management
      Statement for FY 2000 and FY 2001
4     Approve Restatement of Net Income         For       Abstain    Management
      Allocation for FY 2000, FY 2001 and FY
      2002
5     Elect Directors and Commissioners         For       For        Management


--------------------------------------------------------------------------------

PT TEMPO SCAN PACIFIC

Ticker:                      Security ID:  ID1000090103
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Directors and Commissioners         For       For        Management
3     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration


--------------------------------------------------------------------------------

PTT EXPLORATION & PRODUCTION

Ticker:                      Security ID:  TH0355010Z16
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Dividends
3     Elect Directors and Fix Their             For       For        Management
      Remuneration
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5     Approve Reallocation of 2.4 Million       For       For        Management
      Shares
6     Approve Issuance of 800,000 Units of      For       For        Management
      Warrants to Directors, Employees, and
      Advisors of the Company
7     Approve Issuance of Two Million Units of  For       For        Management
      Warrants to Directors, Employees, and
      Advisors of the Company
8     Approve Allocation of 800,000 Ordinary    For       For        Management
      Shares
9     Approve Allocation of Two Million         For       For        Management
      Ordinary Shares
10    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

PTT PUBLIC COMPANY

Ticker:                      Security ID:  TH0646010015
Meeting Date: APR 9, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 4.00 per Share
5     Elect Directors                           For       For        Management
6     Approve Remuneration of Directors         For       For        Management
7     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
8     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

QINGLING MOTORS CO LTD

Ticker:                      Security ID:  CN0008918244
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements and Auditors' For       Abstain    Management
      Report
4     Approve Proposal for Profit Appropriation For       For        Management
5     Reappoint Deloitte Touche Tohmatsu CPA    For       For        Management
      Ltd. and Deloitte Touche Tohmatsu as PRC
      and International Auditors Respectively
      and Authorize Board to Fix Their
      Remuneration
6     Amend Articles Re: Shareholding           For       For        Management
      Structure, Voting at General Meetings,
      Material Interest of Directors in
      Contracts Entered into by the Company


--------------------------------------------------------------------------------

QINGLING MOTORS CO LTD

Ticker:                      Security ID:  CN0008918244
Meeting Date: OCT 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Resignation of Utsumi Jun as       For       For        Management
      Executive Director
2     Elect Yoshito Mochizuki as Exectuive      For       For        Management
      Director


--------------------------------------------------------------------------------

RABA RT (FORMERLY RABA MAGYAR WAGON )

Ticker:                      Security ID:  HU0000017157
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Financial Statements              None      Abstain    Management
3     Receive Supervisory Board Report and      None      Abstain    Management
      Auditors' Report
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports; Approve Allocation of
      Income
5     Approve Dematerialization of Shares       For       For        Management
6     Amend Articles of Association Re: Changes For       For        Management
      in the Company Act and the Act on Equity
      Markets
7     Elect Supervisory Board Members           For       For        Management
8     Approve Auditors and Their Remuneration   For       For        Management
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

RATCHABURI ELECTRI

Ticker:                      Security ID:  TH0637010016
Meeting Date: NOV 6, 2003    Meeting Type: Special
Record Date:  OCT 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Approve Investment in Tri Energy Co,Ltd   For       For        Management
      by Acquiring Banpu Gas Power Co, Ltd
3     Amend Article 13 of Articles of           For       For        Management
      Association Re: Number of Directors
4     Elect Directors                           For       For        Management
5     Approve Acknowledgment of the Appointment For       For        Management
      of Directors and Executive Officers
6     Approve Acknowledgment of the First Half  For       For        Management
      Net Profit Allocation and Interim
      Dividends
7     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

RATCHABURI ELECTRI

Ticker:                      Security ID:  TH0637010016
Meeting Date: APR 12, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept Directors' Report                  For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 1 per Share
5     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6     Elect Directors                           For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

RICHTER GEDEON RT

Ticker:                      Security ID:  HU0000067624
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Directors' Report on 2003         For       Abstain    Management
      Business Activities of Company
2     Approve Auditors' Report                  For       Abstain    Management
3     Approve Supervisory Board's Report        For       Abstain    Management
4     Approve Allocation of Income              For       For        Management
5     Approve Financial Statements and Annual   For       Abstain    Management
      Report
6     Receive Directors' Report on 2003         None      Abstain    Management
      Business Activities of Richter Group and
      Consolidated Financial Statements
7     Receive Auditors' Report on Consolidated  None      Abstain    Management
      Financial Statements
8     Receive Supervisory Board's Report on     None      Abstain    Management
      Consolidated Financial Statements
9     Approve Consolidated Financial Statements For       Abstain    Management
10    Approve 2003 Financial Statements and     For       Abstain    Management
      Consolidated Financial Statements
      Prepared in Accordance with IAS Standards
11    Approve Applications Submitted to Company For       For        Management
      by Preference Shareholders for Conversion
      of Preference Shares into Ordinary Shares
12    Approve Introduction of Ordinary Shares   For       For        Management
      Converted from Preference Shares to
      Budapest Stock Exchange and Luxembourg
      Stock Exchange
13    Authorize Share Repurchase Program        For       For        Management
14    Amend Articles of Association (Statutes)  For       Against    Management
15    Approve Consolidated Text of Company's    For       Against    Management
      Statutes
16    Elect Directors                           For       For        Management
17    Approve Remuneration of Directors and     For       Against    Management
      Supervisory Board Members
18    Approve Proposal on Appreciation of Board For       For        Management
      of Directors' Activities in 2003
19    Elect Supervisory Board Members           For       For        Management
20    Approve Remuneration of Supervisory Board For       Against    Management
      Members
21    Elect Statutory Auditor                   For       For        Management
22    Approve Remuneration of Statutory Auditor For       For        Management
23    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SAHAVIRIYA STEEL INDUS PLC CO

Ticker:                      Security ID:  TH0436010019
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Directors' Report                  For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Omission For       For        Management
      of Dividends
5     Elect Directors                           For       For        Management
6     Approve Remuneration of Directors         For       For        Management
7     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
8     Amend Corporate Purpose                   For       Against    Management
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SAMSUNG ELECTRONICS CO. LTD.

Ticker:       SSNHY          Security ID:  US7960508882
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Appropriation of Income, with Total
      Dividend of KRW 5500 Per Share
2.1   Elect Two Outside Directors               For       For        Management
2.2   Appoint One Member of Audit Committee     For       For        Management
2.3   Elect One Executive Director              For       For        Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SAMSUNG ELECTRONICS CO. LTD.

Ticker:       SSNHY          Security ID:  US7960508882
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE BALANCE SHEET, PROFIT AND For       Did Not    Management
      LOSS STATEMENT AND STATEMENT OF                     Vote
      APPROPRIATION OF RETAINED EARNINGS
      (DRAFT) FOR THE 35TH FISCAL YEAR (FROM
      JANUARY 1, 2003 TO DECEMBER 31, 2003), AS
      SET FORTH IN THE COMPANY S NOTICE OF
      MEETING.
2     APPROVAL OF THE APPOINTMENT OF GORAN S.   For       Did Not    Management
      MALM AND KAP-HYUN LEE AS OUTSIDE                    Vote
      DIRECTORS.
3     APPROVAL OF THE APPOINTMENT OF KAP-HYUN   For       Did Not    Management
      LEE AS MEMBER OF THE AUDIT COMMITTEE.               Vote
4     APPROVAL OF THE APPOINTMENT OF HAK-SOO    For       Did Not    Management
      LEE AS OTHER DIRECTOR.                              Vote
5     APPROVAL OF THE CEILING AMOUNT OF THE     For       Did Not    Management
      REMUNERATION FOR DIRECTORS, AS SET FORTH            Vote
      IN THE COMPANY S NOTICE OF MEETING.


--------------------------------------------------------------------------------

SANLAM LIMITED

Ticker:                      Security ID:  ZAE000028262
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Year Ended Dec. 31, 2003                Vote
2     Reappoint External Auditors               For       Did Not    Management
                                                          Vote
3.1   Reelect M.M.M. Bakane-Tuoane as Director  For       Did Not    Management
                                                          Vote
3.2   Reelect F.A. du Plessis as Director       For       Did Not    Management
                                                          Vote
3.3   Reelect W. James as Director              For       Did Not    Management
                                                          Vote
4     Reelect J.J.M. van Zyl as Director        For       Did Not    Management
                                                          Vote
5     Reelect Three Directors to Be Appointed   For       Did Not    Management
      in Casual Vacancies or as Additional                Vote
      Directors Following Completion of
      Ubuntu-Botho Transactions
6     Authorize Board to Fix Remuneration of    For       Did Not    Management
      the Auditors                                        Vote
7     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
8     Place Authorized But Unissued Shares      For       Did Not    Management
      under Control of Directors                          Vote
9     Authorize Repurchase of Up to 20 Percent  For       Did Not    Management
      of Issued Share Capital                             Vote


--------------------------------------------------------------------------------

SANLAM LIMITED

Ticker:                      Security ID:  ZAE000028262
Meeting Date: APR 1, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Authorize Creation of A and B Convertible For       For        Management
      Redeemable Non-Participating Preference
      Shares
3     Amend Articles Re: Creation of A and B    For       For        Management
      Convertible Redeemable Non-Participating
      Preference Shares
4     Authorize Allotment and Issuance of       For       For        Management
      Shares to Ubuntu-Botho and
      Demutualization Trust
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SAPPI LTD.

Ticker:                      Security ID:  ZAE000006284
Meeting Date: MAR 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Confirm Appointment of J.C.A. Leslie as   For       For        Management
      Director
1.2   Confirm Appointment of H.C.J. Mamsch as   For       For        Management
      Director
2.1   Reelect M.R. Haymon as Director           For       For        Management
2.2   Reelect E. van As as Director             For       For        Management
2.3   Reelect D.G. Wilson  as Director          For       For        Management
3     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
4     Authorize Sale of Treasury Shares to      For       For        Management
      Sappi Share Incentive Scheme
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SASOL LTD.

Ticker:       SSL            Security ID:  ZAE000006896
Meeting Date: NOV 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Company and Group Financial       For       Abstain    Management
      Statements and Statutory Reports For Year
      Ended June 30, 2003
2.1   Reelect W.A.M. Clewlow as Director        For       For        Management
2.2   Reelect P.V. Cox as Director              For       For        Management
2.3   Reelect S. Montisi as Director            For       For        Management
2.4   Reelect C.B. Strauss as Director          For       For        Management
2.5   Reelect T.S. Munday as Director           For       For        Management
3.1   Reelect E. le R. Bradley as Director      For       For        Management
4.1   Reelect M.V.S. Gantsho as Director        For       For        Management
4.2   Reelect A. Jain as Director               For       For        Management
4.3   Reelect S.B. Pfeiffer as Director         For       For        Management
5     Reappoint KPMG Inc. as Auditors           For       For        Management
6     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
7     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
8     Approve Remuneration of Directors         For       For        Management


--------------------------------------------------------------------------------

SATYAM COMPUTER SERVICES LTD

Ticker:       SAY            Security ID:  804098101
Meeting Date: JUL 25, 2003   Meeting Type: ANNUAL
Record Date:  JUN 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      FOR       DID NOT    Management
      Auditors' Reports                                   VOTE
2     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
3     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
4     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
5     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
6     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
7     Stock Option Plan                         FOR       DID NOT    Management
                                                          VOTE
8     Approve Remuneration of Non-executive     FOR       DID NOT    Management
      directors                                           VOTE


--------------------------------------------------------------------------------

SHANGHAI INDUSTRIAL HOLDINGS LTD

Ticker:                      Security ID:  HK0363006039
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Share Option Scheme of Mergen     For       Against    Management
      Biotech Ltd.
2     Approve Grant of Options to Subscribe for For       Against    Management
      39,000 Shares in Mergen Biotech Ltd. to
      Hu Fang Pursuant to the Share Option
      Scheme of Mergen Biotech Ltd.


--------------------------------------------------------------------------------

SHANGHAI INDUSTRIAL HOLDINGS LTD

Ticker:                      Security ID:  HK0363006039
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.32 Per     For       For        Management
      Share
3a1   Reelect Ding Zhong De as Director         For       For        Management
3a2   Reelect Lu Shen as Director               For       For        Management
3a3   Reelect Qian Shi Zheng as Director        For       For        Management
3a4   Reelect Ge Wen Yao as Director            For       For        Management
3a5   Reelect Woo Chia-Wei as Director          For       For        Management
3a6   Reelect Leung Pak To, Francis as Director For       For        Management
3b    Authorize Board to Fix Their Remuneration For       For        Management
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination and Removal of Directors,
      Electronic Communication, Indemnification
      of Directors and Officers of the Company


--------------------------------------------------------------------------------

SHENZHEN INVESTMENT (FRMRLY. SHUM YIP INVST.)

Ticker:                      Security ID:  HK0604011236
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  MAY 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Final Dividend                    For       Did Not    Management
                                                          Vote
3a1   Reelect Liu Zixian as Director            For       Did Not    Management
                                                          Vote
3a2   Reelect Liu Jianhua as Director           For       Did Not    Management
                                                          Vote
3a3   Reelect Zhao Mingfeng as Director         For       Did Not    Management
                                                          Vote
3a4   Reelect Liang Kaiping as Director         For       Did Not    Management
                                                          Vote
3a5   Reelect Zhu Huoyang as Director           For       Did Not    Management
                                                          Vote
3a6   Approve Proposal Not to Fill Up the       For       Did Not    Management
      Vacated Office Resulting from the                   Vote
      Retirement of Zhang Luzheng as Director
3b    Fix Directors' Remuneration               For       Did Not    Management
                                                          Vote
4     Reappoint Auditors and Authorize Board to For       Did Not    Management
      Fix Their Remuneration                              Vote
5     Approve Repurchase of Up to 10 Percent of For       Did Not    Management
      Issued Capital                                      Vote
6     Approve Issuance of Equity or             For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       Did Not    Management
      Shares                                              Vote
8     Amend Articles Re: Voting at General      For       Did Not    Management
      Meetings, Material Interest of Directors            Vote
      in Contracts Entered into by the Company,
      Nomination and Removal of Director,
      Liability Insurance for Directors,
      Officers and Auditors of the Company


--------------------------------------------------------------------------------

SHIN CORP. (SHIN) (FORMERLY SHINAWATRA COMPUTER & COMMUNICATION

Ticker:                      Security ID:  TH0201010Z12
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Minutes of Previous AGM           For       For        Management
3     Accept Directors' Report                  For       Abstain    Management
4     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
5     Approve Allocation of Income and          For       For        Management
      Dividends
6     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
7     Elect Directors                           For       For        Management
8     Approve Remuneration of Directors         For       For        Management
9     Approve Issuance of 13.7 Million Units of For       For        Management
      Warrants to Directors, Employees, and
      Advisors of the Company
10    Approve Issuance of 13.7 Million Ordinary For       For        Management
      Shares
11    Approve Issuance of Warrants to           For       For        Management
      Directors, Employees and Advisors
      Exceeding Five Percent of the Total
      Issuance
12    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SHOPRITE HOLDINGS LTD.

Ticker:                      Security ID:  ZAE000012084
Meeting Date: OCT 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended 30, 2003
2     Approve Remuneration of Directors         For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors
4     Approve Dividends                         For       For        Management
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Reelect C.H. Wiese as Director            For       For        Management
8     Reelect J.A. Louw as Director             For       For        Management
9     Reelect A.N. van Zyl as Director          For       For        Management
10    Reelect B.R. Meyers as Director           For       For        Management
11    Elect T.R.P. Hlongwane as Director        For       For        Management
      Appointed During the Year
12    Elect B. Harisunker as Director Appointed For       For        Management
      During the Year
13    Elect J.G. Rademeyer as Director          For       For        Management
      Appointed During the Year
14    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
15    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

SIAM CEMENT CO. LTD.

Ticker:                      Security ID:  TH0003010Z12
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 3.5 per Share
4     Elect Directors                           For       For        Management
5     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6     Amend Articles of Association             For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SIAM CITY CEMENT

Ticker:                      Security ID:  TH0021010010
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report of the Audit Committee      For       Abstain    Management
3     Accept Directors' Report                  For       Abstain    Management
4     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
5     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 5.00 per Share
6     Elect Directors                           For       For        Management
7     Approve Ernst & Young Office Limited as   For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Amend Articles of Association Re:         For       For        Management
      Connected Transactions
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SIAM COMMERCIAL BANK PLC

Ticker:                      Security ID:  TH0015020017
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       Did Not    Management
                                                          Vote
2     Accept Directors' Report                  For       Did Not    Management
                                                          Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Approve Allocation of Income and Dividend For       Did Not    Management
      of Baht 1.40 Per Share                              Vote
5     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
6     Elect Directors                           For       Did Not    Management
                                                          Vote
7     Approve Auditors and Authorize Board to   For       Did Not    Management
      Fix Their Remuneration                              Vote
8     Amend Articles of Association             For       Did Not    Management
                                                          Vote
9     Amend Articles/Charter to Reflect Changes For       Did Not    Management
      in Capital                                          Vote
10    Other Business                            For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

SIAM MAKRO PUBLIC CO LTD

Ticker:                      Security ID:  TH0429010018
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3.1   Accept Report on Company Performance in   For       Abstain    Management
      2003
3.2   Accept Acknowledgment of the Payment of   For       For        Management
      Interim Dividend
4     Elect Directors and Fix Their             For       For        Management
      Remuneration
5     Elect Members of Audit Committee          For       For        Management
6     Approve Allocation of Income and Final    For       For        Management
      Dividend of Baht 1.25 per Share
7     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
8     Amend Articles of Association Re:         For       For        Management
      Connected Transaction or Acquisition or
      Disposition of Assets
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SILICONWARE

Ticker:       SPIL           Security ID:  827084864
Meeting Date: JUN 11, 2004   Meeting Type: ANNUAL
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Dividend/Income Allocation Proposals      FOR       FOR        Management
3     5) Approve capitalization of 2003         FOR       FOR        Management
      dividends and employee profit sharing.
4     6) Approve release of restictions of      FOR       FOR        Management
      competitive activities of directors.
5     7) Amend procedures govering the          FOR       FOR        Management
      aquisition or disposal of assets: incr
      limit of marketalbe securities from NTD
      100 mln ($2.9 mln) to NTD 300 mln ($8.82
      mln).
6     8) Approve investment in China no more    FOR       FOR        Management
      than 10% of co's net assets or register
      capital.


--------------------------------------------------------------------------------

SINOPEC SHANGHAI PETROCHEMICAL CO. (FORMERLY SHANGHAI PETROCHEMICAL CO LTD)

Ticker:       SHI            Security ID:  CN0008871674
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Report of the Directors           For       Abstain    Management
2     Approve Report of the Supervisory         For       Abstain    Management
      Committee
3     Approve Financial Statements and 2004     For       Abstain    Management
      Budget
4     Approve Final Dividend                    For       For        Management
5     Reappoint KPMG Huazhen and KPMG as        For       For        Management
      Domestic and International Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
6     Approve Resignation of Xu Kaicheng, Feng  For       For        Management
      Jianping, Jiang Baoxing and Li Weichang
      as Directors and Elect Du Chongjun, Han
      Zhihao, Wu Haijun and Gao Jinping as
      Directors; Approve Resignation of Du
      Chongjun as Supervisor and Elect Dai
      Shuming as Supervisor
7     Amend Articles Re: Voting and Resolutions For       For        Management
      at General Meetings, Compostion of
      Directors and Supervisory Committee,
      Nomination of Directors and Material
      Interest of Directors in Contracts
      Entered into by the Company
8     Amend Articles Re: Board Composition      For       For        Management


--------------------------------------------------------------------------------

SINOPEC SHANGHAI PETROCHEMICAL CO. (FORMERLY SHANGHAI PETROCHEMICAL CO LTD)

Ticker:       SHI            Security ID:  CN0008871674
Meeting Date: NOV 21, 2003   Meeting Type: Special
Record Date:  OCT 22, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Contract for Supply of            For       For        Management
      Acrylonitrile Between Sinopec Shanghai
      Petrochemical Co. Ltd. and Shanghai Secco
      Petrochemical Co. Ltd.
2     Approve Contract for Supply of            For       For        Management
      Acrylonitrile Between Zhejiang Jinyong
      Acrylic Fiber Co. Ltd.


--------------------------------------------------------------------------------

SINOPEC YIZHENG CHEMICAL FIBRE CO. (FM.YIZHENG CHEM.FIBRE)

Ticker:                      Security ID:  CN0008902438
Meeting Date: DEC 27, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Agreement Re: the Purchase of     For       For        Management
      Paraxylene from Sinopec Zhenhai Refining
      & Chemical Co. Ltd.
2     Authorize Directors to Implement the      For       For        Management
      Agreement and Seek the Relevant Waiver
      Application from the Stock Exchange of
      Hong Kong


--------------------------------------------------------------------------------

SINOPEC YIZHENG CHEMICAL FIBRE CO. (FM.YIZHENG CHEM.FIBRE)

Ticker:                      Security ID:  CN0008902438
Meeting Date: JUN 30, 2004   Meeting Type: Annual
Record Date:  MAY 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Did Not    Management
                                                          Vote
2     Accept Report of the Supervisory          For       Did Not    Management
      Committee                                           Vote
3     Accept Report of the Independent          For       Did Not    Management
      Supervisors                                         Vote
4     Accept Financial Statements and Auditors' For       Did Not    Management
      Reports                                             Vote
5     Approve Profit Distribution Scheme        For       Did Not    Management
                                                          Vote
6     Reappoint KPMG Huazhen and KPMG as        For       Did Not    Management
      Domestic and International Auditors and             Vote
      Authorize Board to Fix Their Remuneration
7     Approve Amendments to the Rules of        For       Did Not    Management
      Proceedings for Shareholders' General               Vote
      Meetings
8a    Approve Issuance of Equity or             For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Preemptive Rights
8b    Amend Articles Re: Voting at General      For       Did Not    Management
      Meetings, Nomination of Directors,                  Vote
      Material Interest of Directors in
      Contracts Entered into by the Company


--------------------------------------------------------------------------------

SM PRIME HOLDINGS INC.

Ticker:                      Security ID:  PHY8076N1120
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Call to Order                             For       For        Management
2     Certification of Notice and Quorum        For       For        Management
3     Approve Minutes of Previous Shareholder   For       For        Management
      Meeting
4     Presentation of President's Report        For       Abstain    Management
5     Approve Audited Financial Statements      For       Abstain    Management
6     Ratify Acts of Board and Management       For       For        Management
7     Elect Directors                           For       For        Management
8     Appoint Auditors                          For       For        Management
9     Amend Bylaws Re: Provisions on the        For       For        Management
      Nomination and Election of Independent
      Directors
10    Other Business                            For       Against    Management
11    Adjournment                               For       For        Management


--------------------------------------------------------------------------------

SOCIEDAD QUIMICA Y MINERA DE C

Ticker:       SQM            Security ID:  833635105
Meeting Date: APR 30, 2004   Meeting Type: ANNUAL
Record Date:  APR 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
3     Special Auditors' Report Regarding        FOR       DID NOT    Management
      Related-Party Transactions                          VOTE
4     Approve Investment and Fiancial Policy    FOR       DID NOT    Management
                                                          VOTE
5     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
6     Approve Board Expenses for 2003           FOR       DID NOT    Management
                                                          VOTE
7     Approve Remuneration of Directors         FOR       DID NOT    Management
                                                          VOTE
8     Issues related to Audit Comm              FOR       DID NOT    Management
                                                          VOTE
9     Other Business                            FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

STANDARD BANK GROUP LTD (FORMERLY STANDARD BANK INVESTMENT C

Ticker:                      Security ID:  ZAE000038873
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Approve Remuneration of International     For       For        Management
      Directors in the Amount of GBP 10,000 for
      Past Fiscal Year
3.1   Approve Remuneration of Chairman in the   For       For        Management
      Amount of ZAR 2,044,900
3.2   Approve Remuneration of Directors in the  For       For        Management
      Amount of ZAR 83,000
3.3   Approve Remuneration of International     For       For        Management
      Directors in the Amount of GBP 20,000
3.4   Approve Remuneration of Credit Committee  For       For        Management
      Members in the Amount of ZAR 9,000 per
      Meeting
3.5   Approve Remuneration of Directors'        For       For        Management
      Affairs Committee Members in the Amount
      of ZAR 18,000
3.6   Approve Remuneration of Risk Management   For       For        Management
      Committee Members and Chairman in the
      Amount of ZAR 47,250 and ZAR 84,500,
      Respectively
3.7   Approve Remuneration of Remuneration      For       For        Management
      Committee Members and Chairman in the
      Amount of ZAR 41,500 and ZAR 83,000,
      Respectively
3.8   Approve Remuneration of Transformation    For       For        Management
      Committee Members and Chairman in the
      Amount of ZAR 35,500 and ZAR 71,000,
      Respectively
3.9   Approve Remuneration of Audit Committee   For       For        Management
      Members and Chairman in the Amount of ZAR
      71,000 and ZAR 142,000, Respectively
3.10  Approve Remuneration of Alternate         For       For        Management
      Directors in the Amount of ZAR 9,000 per
      Meeting
4.1   Reelect Doug Band as Director             For       For        Management
4.2   Reelect Elisabeth Bradley as Director     For       For        Management
4.3   Reelect Trevor Evans as Director          For       For        Management
4.4   Reelect Thulani Gcabashe as Director      For       For        Management
4.5   Reelect Buddy Hawton as Director          For       For        Management
4.6   Reelect Paul Judge as Director            For       For        Management
4.7   Reelect Kgomotso Moroka as Director       For       For        Management
4.8   Reelect Chris Nissen as Director          For       For        Management
4.9   Reelect Robert Smith as Director          For       For        Management
5     Place Authorized But Unissued Shares      For       For        Management
      Reserved for Standard Bank Group
      Incentive Scheme under Control of
      Directors
6     Place Authorized But Unissued Ordinary    For       For        Management
      Shares under Control of Directors
7     Place Authorized But Unissued             For       For        Management
      Non-Redeemable Non-Cumulative
      Non-Participating Preference Shares under
      Control of Directors
8     Authorize Directors to Make Payments to   For       For        Management
      Shareholders
9     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
10    Approve Creation of One Billion           For       For        Management
      Non-Redeemable Non-Cumulative
      Non-Participating Preference Shares
11    Amend Articles Re: Rights and Conditions  For       For        Management
      of Non-Redeemable Non-Cumulative
      Non-Participating Preference Shares
12    Amend Articles to Reflect Increase in     For       For        Management
      Authorized Capital
13    Amend Articles of Association Re:         For       For        Management
      Delegation of Board Powers


--------------------------------------------------------------------------------

SUPER-SOL LTD

Ticker:       SUPLF          Security ID:  IL0007770378
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports (Voting)
2     Reappoint Ido Bergman, Rafi Bisker, and   For       For        Management
      Zehavit Yosef as Directors
3     Reappoint KPMG Somech Haik as Auditors    For       For        Management
      and Authorize Board to Fix Their
      Remuneration
4     Approve Bonus/Compensation/Remuneration   For       For        Management
      of Directors
5     Approve Management Contract with Biger    For       For        Management
      Investment Company, a Private Company
      Owned by Board Chairman Avraham Biger


--------------------------------------------------------------------------------

SURGUTNEFTEGAZ JSC

Ticker:       SGTZY          Security ID:  868861204
Meeting Date: MAR 20, 2004   Meeting Type: ANNUAL
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
3     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
4     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
5     Elect member of the audit committee: B.   FOR       DID NOT    Management
      Mikhailovna                                         VOTE
6     Elect member of the audit committee: K.   FOR       DID NOT    Management
      Panteleevna                                         VOTE
7     Elect member of the audit committee: O.   FOR       DID NOT    Management
      Federorva                                           VOTE
8     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE
9     Approve transaction with related party.   FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

TCL INTERNATIONAL

Ticker:                      Security ID:  KYG8701T1040
Meeting Date: NOV 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve New Waiver Application Re:        For       For        Management
      Ongoing Connected Transaction
1     Approve New Memorandum and Articles of    For       For        Management
      Association


--------------------------------------------------------------------------------

TCL INTERNATIONAL

Ticker:                      Security ID:  KYG8701T1040
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAY 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Elect Zhao Zhong Yao as Executive         For       For        Management
      Director and Authorize Board to Fix His
      Remuneration
5     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
6     Adopt New Articles of Association         For       For        Management
7     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
8     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
9     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

TELEFONOS DE MEXICO S.A. DE C.V.

Ticker:       TFONY          Security ID:  MXP904131325
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Series L Representative Directors   For       For        Management
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

TELKOM SA

Ticker:                      Security ID:  ZAE000044897
Meeting Date: JAN 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Year Ended Mar. 31, 2003                Vote
2     Other Business (Voting)                   For       Did Not    Management
                                                          Vote
3     Approve Telkom Conditional Share Option   For       Did Not    Management
      Scheme                                              Vote
4     Approve Issuance of Up to 22.3 Million    For       Did Not    Management
      Shares Representing Four Percent of                 Vote
      Issued Capital Pursuant to Share Option
      Scheme
5     Amend Articles of Association Re: Reduce  For       Did Not    Management
      Minimum Number of Board Meetings From Six           Vote
      to Four Annually
6     Authorize Repurchase of Up to 20 Percent  For       Did Not    Management
      of Issued Share Capital                             Vote


--------------------------------------------------------------------------------

TENARIS, S.A.

Ticker:       TS             Security ID:  88031M109
Meeting Date: MAY 26, 2004   Meeting Type: ANNUAL
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
2     Financial Statements, Directors' and      UNKNOWN   DID NOT    Management
      Auditors' Reports                                   VOTE
3     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE
4     Approve discharge of directors            FOR       DID NOT    Management
                                                          VOTE
5     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
6     Authorize bd to delegate management of    FOR       DID NOT    Management
      business to one or more directors.                  VOTE
7     Determine Compensation of directors       FOR       DID NOT    Management
                                                          VOTE
8     Appointment of the Auditors               FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  IL0006290147
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect G. Shalev as an External Director   For       For        Management
2     Approve Increase in Remuneration of       For       For        Management
      Directors other than the Chairman


--------------------------------------------------------------------------------

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  IL0006290147
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports (Voting)
2     Approve Final Dividend of NIS 1.44 Per    For       Against    Management
      Share
3     Elect A. Cohen, L. Dan, M. Heth, M. Many, For       For        Management
      and D. Shafir as Directors
4     Approve Director/Officer Liability and    For       Against    Management
      Indemnification Insurance
5     Approve Kesselman & Kesselman as Auditors For       For        Management
      and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

THAI UNION FROZEN PRODUCTS

Ticker:                      Security ID:  TH0450A10Z16
Meeting Date: AUG 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Approve Reduction in Stated Capital to    For       For        Management
      Baht 859 Million
3     Approve Increase in Stated Capital to     For       For        Management
      Baht 885 Million
4     Approve Issuance of Non-Transferable      For       For        Management
      Warrants to Not More Than 26 Million
      Units
5     Approve the Issuance of 26 Million Shares For       For        Management
      Reserved Exclusively for the Conversion
      of Warrants
6     Amend Articles of Association Re:         For       For        Management
      Connected Transactions and Acquisition or
      Disposal of Substantial Assets
7     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

THAI UNION FROZEN PRODUCTS

Ticker:                      Security ID:  TH0450A10Z16
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of EGM                    For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Final Dividend of Baht 0.66
      per Share
4     Elect Directors and Fix Their             For       For        Management
      Remuneration
5     Approve Ernst & Young Office Limited as   For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

TIGER BRANDS (FORMERLY TIGER OATS LTD.)

Ticker:                      Security ID:  ZAE000023560
Meeting Date: FEB 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Sept. 30, 2003
2     Reelect A.C. Nissen as Director           For       For        Management
3     Reelect R.A. Williams as Director         For       For        Management
4     Reelect D.D.B. Band as Director           For       For        Management
5     Reelect B.L. Sibiya as Director           For       For        Management
6     Reelect L.C. van Vught as Director        For       For        Management
7     Ratify Ernst and Young as Auditors        For       For        Management
8     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

TIGER BRANDS (FORMERLY TIGER OATS LTD.)

Ticker:                      Security ID:  ZAE000023560
Meeting Date: OCT 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Conversion of 555,000 5.5 Percent For       For        Management
      Cumulative Preference Shares into 555,000
      Redeemable Preference Shares with Par
      Value ZAR 2.00
2     Amend Articles Re: Share Capital and      For       For        Management
      Terms of Preference Shares


--------------------------------------------------------------------------------

TISCO FINANCE PCL (THAI INVESTMENT & SECURITY )

Ticker:                      Security ID:  TH0597010014
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Directors' Report                  For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and Dividend For       For        Management
      of Baht 0.65 per Share
5     Re-elect Directors                        For       For        Management
6     Elect New Director                        For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
9     Approve Issuance of 5.3 Million Units of  For       For        Management
      Warrants to Directors, Employees, and
      Advisors of the Company
10    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

TONGAAT-HULETT GROUP LTD. (THE)

Ticker:                      Security ID:  ZAE000007449
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2.1   Reelect D.D. Barber as Director           For       For        Management
2.2   Reelect P.M. Baum as Director             For       Against    Management
2.3   Reelect I. Botha as Director              For       For        Management
2.4   Reelect B.G. Dunlop as Director           For       For        Management
2.5   Reelect G.P.N. Kruger as Director         For       For        Management
2.6   Reelect M.H. Munro as Director            For       For        Management
2.7   Reelect S.J. Saunders as Director         For       For        Management
2.8   Reelect T.H. Nyasulu as Director          For       For        Management
3     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
4     Authorize Board to Ratify and Execute     For       For        Management
      Resolution 4
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

TOP GLORY INTERNATIONAL HOLDINGS LTD.

Ticker:                      Security ID:  HK0268010771
Meeting Date: JUL 21, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approved Proposed Privatization by COFCO  For       Did Not    Management
      (Hong Kong) Ltd. by Way of a Scheme of              Vote
      Arrangement


--------------------------------------------------------------------------------

TOP GLORY INTERNATIONAL HOLDINGS LTD.

Ticker:                      Security ID:  HK0268010771
Meeting Date: JUL 21, 2003   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement             For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TRAKYA CAM

Ticker:                      Security ID:  TRATRKCM91F7
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Financial Statements               For       Did Not    Management
                                                          Vote
4     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
5     Approve Discharge of Board                For       Did Not    Management
                                                          Vote
6     Approve Discharge of Internal Auditors    For       Did Not    Management
                                                          Vote
7     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
8     Elect Directors Appointed During the Year For       Did Not    Management
                                                          Vote
9     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
10    Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      the Company and Be Involved with
      Companies with Similar Corporate Purpose
12    Wishes                                    None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TRAVELSKY TECHNOLOGY

Ticker:                      Security ID:  CN0006030588
Meeting Date: DEC 5, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect 15 Directors for the Second Board   For       For        Management
      of the Company for a Term of Three Years
      and Authorize Board to Fix Their
      Remuneration
2     Elect Eight Supervisors for the Second    For       For        Management
      Supervisory Committee of the Company for
      a Term of Three Years and Authorize Board
      to Fix Their Remuneration
3     Approve Ongoing Connected Transactions    For       For        Management
4     Amend Articles Re: Shareholding           For       For        Management
      Information


--------------------------------------------------------------------------------

TRAVELSKY TECHNOLOGY

Ticker:                      Security ID:  CN0006030588
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Report of the Directors            For       Abstain    Management
2     Accept Report of the Supervisory          For       Abstain    Management
      Committee
3     Accept Financial Statements and Auditors' For       Abstain    Management
      Report
4     Approve Dividends of RMB0.102 Per Share   For       For        Management
5     Approve PricewaterhouseCoopers and        For       For        Management
      PricewaterhouseCoopers Zhong Tian CPAs
      Ltd. Co. as International and PRC
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Approve Establishment and Implementation  For       Against    Management
      of a Corporate Annual Remuneration System
      from 2004 Onwards and Authorize Board
      with Full Powers to Handle All Relevant
      Matters
7     Other Business (Voting)                   For       Against    Management
8     Amend Articles Re: Ordinary and Special   For       For        Management
      Resolutions at Shareholders' General
      Meetings, Voting Right Per Share,
      Nomination of Director, Composition of
      the Supervisory Committee and Vote of
      Contracts in which a Director has a
      Material Interest


--------------------------------------------------------------------------------

TRUWORTHS INTERNATIONAL LTD

Ticker:                      Security ID:  ZAE000028296
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2.1.1 Reelect C.T. Ndlovu as Director           For       For        Management
2.1.2 Reelect M.S. Mark as Director             For       For        Management
2.1.3 Reelect R.G. Dow as Director              For       For        Management
2.2.1 Elect H. Saven as Director Appointed      For       For        Management
      During the Year
3     Place Authorized But Unissued Shares      For       Against    Management
      Reserved for Share Sceheme under Control
      of Directors
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
6     Reelect Ernst & Young as Auditors and     For       For        Management
      Authorize Audit Committee to Fix Their
      Remuneration
7     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
8     Approve Stock Option Grants of 50,000     For       Against    Management
      Shares to H. Saven


--------------------------------------------------------------------------------

TSINGTAO BREWERY CO

Ticker:                      Security ID:  CN0008870445
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:  MAY 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Supervisors' Report                For       Abstain    Management
3     Accept Financial Statements               For       Abstain    Management
4     Approve Allocation of Income and          For       For        Management
      Dividends
5     Approve PricewaterhouseCoopers Zhong Tian For       For        Management
      and PricewaterhouseCoopers in Hong Kong
      as Domestic and Internatinal Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights of Not More than 20
      Percent
7     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

TSINGTAO BREWERY CO

Ticker:                      Security ID:  CN0008870445
Meeting Date: AUG 13, 2003   Meeting Type: Special
Record Date:  JUL 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Elect a Non-Executive Director            For       For        Management
3     Elect a Supervisor                        For       For        Management
4     Elect an Independent Director             For       For        Management


--------------------------------------------------------------------------------

TUPRAS TURKIYE PETROL RAFINERILERI A.S.

Ticker:                      Security ID:  TRATUPRS91E8
Meeting Date: SEP 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open meeting and Elect Presiding Council  For       For        Management
      of Meeting
2     Amend Articles                            For       Against    Management


--------------------------------------------------------------------------------

TUPRAS TURKIYE PETROL RAFINERILERI A.S.

Ticker:                      Security ID:  TRATUPRS91E8
Meeting Date: APR 9, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
3     Approve Donations Made in Financial Year  For       Did Not    Management
      2003                                                Vote
4     Approve Financial Statements and          For       Did Not    Management
      Discharge Directors                                 Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Elect Directors and Internal Auditors     For       Did Not    Management
                                                          Vote
7     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
8     Approve Transfer of Usufruct Rights of    For       Did Not    Management
      Certain Properties to BOTAS                         Vote
9     Wishes                                    None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TURK SISE CAM

Ticker:                      Security ID:  TRASISEW91Q3
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       For        Management
      Authorize Council to Sign Minutes of
      Meeting
2     Accept Board and Statutory Reports        For       Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors, and Internal
      Auditors
4     Approve Allocation of Income              For       For        Management
5     Elect Director Appointed During the Year  For       For        Management
6     Elect Directors                           For       For        Management
7     Elect Internal Auditors                   For       For        Management
8     Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      the Company and Be Involved with
      Companies with Similar Corporate Purpose
9     Approve Remuneration of Directors         For       For        Management
10    Approve Remuneration of Internal Auditors For       For        Management
11    Ratify Independent External Auditors      For       For        Management


--------------------------------------------------------------------------------

TURKIYE GARANTI BANKASI

Ticker:                      Security ID:  TRAGARAN91N1
Meeting Date: APR 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Accept Board and Statutory Reports        For       Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income
5     Approve Discharge of Board and Internal   For       For        Management
      Auditors
6     Elect Directors Appointed During the Year For       For        Management
7     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
8     Approve Donations Made in Financial Year  For       Against    Management
      2003
9     Approve Independent External Auditors     For       For        Management
10    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions With
      the Company and Be Involved with
      Companies with Similar Corporate Purpose


--------------------------------------------------------------------------------

TV AZTECA SA DE CV

Ticker:                      Security ID:  MXP740471117
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Reports of Management Board and    For       Abstain    Management
      Audit Committee
2     Accept Reports of Supervisory Board       For       Abstain    Management
3     Accept Financial Statements               For       Abstain    Management
4     Approve Allocation of Income              For       Against    Management
5     Approve Dividend of MXN 0.00707 Per Class For       Against    Management
      D-A and Class D-L Shares
6     Approve Reduction in Stated Capital Via   For       For        Management
      Bonus Payment to Shareholders
7     Authorize Repurchase of Shares and Set    For       For        Management
      Aggregate Nominal Amount of Share
      Repurchase Reserve
8     Elect Directors                           For       Against    Management
9     Approve Remuneration of Directors         For       Against    Management
10    Other Business (Voting)                   For       Against    Management
11    Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

UNIPETROL

Ticker:                      Security ID:  CZ0009091500
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  JUN 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Agenda of Meeting                 For       For        Management
3     Elect Chairman and Other Meeting          For       For        Management
      Officials
4     Receive Board Report                      None      Abstain    Management
5     Receive Financial Statements and          None      Abstain    Management
      Consolidated Financial Statements;
      Receive Proposal on Covering of Losses
6     Approve Board Report                      For       Abstain    Management
7     Approve Financial Statements              For       Abstain    Management
8     Approve Consolidated Financial Statements For       Abstain    Management
9     Approve Covering of Losses                For       Against    Management
10    Approve Remuneration of Directors         For       For        Management
11    Elect Supervisory Board                   For       For        Management
12    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

UNITED BROADCASTING CORP. PUB. CO., LTD.

Ticker:                      Security ID:  TH0289010017
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Accept Report on Company Performance in   For       Abstain    Management
      2003
3     Accept Directors' Report                  For       Abstain    Management
4     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
5     Approve Allocation of Income and          For       For        Management
      Dividends
6     Elect Directors                           For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
9     Approve Connected Transaction Between     For       For        Management
      United Broadcasting Corporation Public
      Company Limited and Myriad Services
      Limited
10    Accept Report of Connected Party          For       Abstain    Management
      Transactions Incurred in 2003
11    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

UNITED BROADCASTING CORP. PUB. CO., LTD.

Ticker:                      Security ID:  TH0289010017
Meeting Date: JUN 11, 2004   Meeting Type: Special
Record Date:  MAY 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Amend Articles of Association             For       For        Management
3     Approve Delegation of Authority to        For       For        Management
      Athueck Asvanund to Have a Power to Sign
      Together with Affixing the Company's Seal
      for Binding the Company
4     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

UNITED MIZRAHI BANK

Ticker:                      Security ID:  IL0006954379
Meeting Date: MAR 29, 2004   Meeting Type: Special
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Director/Officer Liability and    For       Against    Management
      Indemnification Insurance to Be Shared by
      the Company and Affiliates Tefahot
      Mortgage Bank and Bank Adanin, with a
      Limit of $50 Million Per Incident and $50
      Million Cumulative


--------------------------------------------------------------------------------

UNITED MIZRAHI BANK

Ticker:                      Security ID:  IL0006954379
Meeting Date: OCT 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Bonus of $180,000 for Former      For       Against    Management
      Chairman I. Ofer


--------------------------------------------------------------------------------

UNITED MIZRAHI BANK

Ticker:                      Security ID:  IL0006954379
Meeting Date: OCT 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Bonus to Previous Board Chairman  For       Against    Management


--------------------------------------------------------------------------------

UNITED MIZRAHI BANK

Ticker:                      Security ID:  IL0006954379
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports (Voting)                                    Vote
2     Reappoint Y. Perry, Y. Ofer, I. Ofer, M.  For       Did Not    Management
      Vartheim, L. Ofer, Z. Efrat, R. Israel,             Vote
      R. Gazit, Y. Bahat, and G. Siterman as
      Directors
3     Reappoint Brightman Almagor & Co. as      For       Did Not    Management
      Auditors                                            Vote
4     Approve Bonus of $250,000 for Board       For       Did Not    Management
      Chairman                                            Vote
5     Approve Remuneration of External          For       Did Not    Management
      Directors                                           Vote


--------------------------------------------------------------------------------

UNITED MIZRAHI BANK

Ticker:                      Security ID:  IL0006954379
Meeting Date: JUL 31, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Appoint External Auditor                  For       For        Management


--------------------------------------------------------------------------------

UNITED MIZRAHI BANK

Ticker:                      Security ID:  IL0006954379
Meeting Date: JAN 27, 2004   Meeting Type: Special
Record Date:  JAN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement between United   For       For        Management
      Mizrahi Bank Ltd. and United Mizrahi
      Investment Co.


--------------------------------------------------------------------------------

VESTEL ELEKTRONIK SANAYI

Ticker:       VEKSY          Security ID:  TRAVESTL91H6
Meeting Date: JUN 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
3     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
4     Receive Board Report                      None      Did Not    Management
                                                          Vote
5     Receive Financial Statements              None      Did Not    Management
                                                          Vote
6     Receive Consolidated Financial Statements None      Did Not    Management
                                                          Vote
7     Receive Statutory Reports                 None      Did Not    Management
                                                          Vote
8     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
9     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
10    Approve Discharge of Board                For       Did Not    Management
                                                          Vote
11    Approve Discharge of Internal Auditors    For       Did Not    Management
                                                          Vote
12    Fix Number of and Elect Directors         For       Did Not    Management
                                                          Vote
13    Fix Number of and Elect Internal Auditors For       Did Not    Management
                                                          Vote
14    Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
15    Approve Remuneration of Internal Auditors For       Did Not    Management
                                                          Vote
16    Ratify Appointment of Arilar Bagimsiz     For       Did Not    Management
      Denetleme A.S. as Independent External              Vote
      Auditors
17    Approve Donations Made in Financial Year  For       Did Not    Management
      2003                                                Vote
18    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transaction with the           Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
19    Wishes                                    None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

VITRO CORPORATIVO, S.A. DE C.V.

Ticker:       VTO920         Security ID:  MXP9802B1093
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Dividend of MXN 0.30 Per Share    For       For        Management
4     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve
5     Elect Management Board and Supervisory    For       For        Management
      Board; Fix Their Remuneration
6     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

VITRO CORPORATIVO, S.A. DE C.V.

Ticker:       VTO            Security ID:  MXP9802B1093
Meeting Date: MAR 25, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 2, 6, 9, 13, 22, 29 In     For       For        Management
      Line With Mexican Securities Law
2     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

WAL-MART DE MEXICO S.A. DE C.V. (FRMRLY. CIFRA S.A.)

Ticker:                      Security ID:  MXP810071011
Meeting Date: FEB 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Chairman's Report                  For       Did Not    Management
                                                          Vote
2     Accept Audit Committee's Report           For       Did Not    Management
                                                          Vote
3     Accept Supervisory Board Report           For       Did Not    Management
                                                          Vote
4     Accept Financial Statements               For       Did Not    Management
                                                          Vote
5     Accept Report Re: Share Repurchase        For       Did Not    Management
      Reserve                                             Vote
6     Cancel 27.6 Million Series C Treasury     For       Did Not    Management
      Shares                                              Vote
7     Approve Conversion of Class C Shares into For       Did Not    Management
      Class V Shares, Increasing Voting Rights            Vote
      of Class C Shareholders
8     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
9     Approve Dividend of MXN 0.44 Per Share    For       Did Not    Management
      Payable in Cash or Shares                           Vote
10    Approve MXN 1.9 Billion Increase in       For       Did Not    Management
      Variable Capital Through Issuance of 98.4           Vote
      Million Common Shares to Service Stock
      Dividend Payout Proposed in Previous
      Item; Cancel Unused Portion of Capital
      Increase
11    Amend Articles                            For       Did Not    Management
                                                          Vote
12    Accept Report Re: Employee Stock Option   For       Did Not    Management
      Plan                                                Vote
13    Accept Report Re: Wal-Mart de Mexico      For       Did Not    Management
      Foundation                                          Vote
14    Approve Discharge of Directors            For       Did Not    Management
                                                          Vote
15    Elect Members of Management and           For       Did Not    Management
      Supervisory Boards                                  Vote
16    Approve Minutes of Meeting                For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

WOOLWORTHS HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000028288
Meeting Date: NOV 20, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Appoint Ernst & Young as Joint Auditors   For       For        Management
3     Appoint SAB&T as Joint Auditors           For       For        Management
4     Reelect D.A. Hawton as Director           For       For        Management
5     Reelect B.J. Frost as Director            For       For        Management
6     Reelect M. Barnes as Director             For       For        Management
7     Approve Remuneration of Directors for the For       For        Management
      Year Ended June 30, 2003
8     Approve Remuneration of Directors for the For       For        Management
      Current Fiscal Year
9     Place Authorized But Unissued Shares      For       Against    Management
      under Control of Directors for the
      Purpose of the Woolworths Holdings
      Limited Share Trust
10    Amend Articles - Remove Requirement to    For       For        Management
      Propose Reduction of Share Premium
      Account by Special Resolution in
      Accordance with Changes to Companies Act;
      Approve Delivery of Proxy Forms to
      Locations other than Registered Office
11    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
12    Approve General Authority for the Company For       For        Management
      to Make Payments to its Shareholders
13    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

WOOLWORTHS HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000028288
Meeting Date: SEP 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cash Distribution in the Amount   For       For        Management
      of ZAR 0.19 per Share in Lieu of Final
      Dividends by Way of Reduction of Share
      Premium Account by ZAR 173 Million
2     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

YANZHOU COAL MINING COMPANY LIMITED

Ticker:                      Security ID:  CN0009131243
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAY 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Directors' Report                  For       Abstain    Management
2     Accept Supervisors' Report                For       Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and          For       For        Management
      Dividends
5     Approve Remuneration of Directors and     For       For        Management
      Supervisors
6     Elect Wang Xin, Wang XinKun, and Wang     For       For        Management
      Quanxi as Directors
7     Approve Deloitte Touche Tohmatsu in Hong  For       For        Management
      Kong and Deloitte Touche Tohmatsu CPAs in
      PRC as International and Domestic
      Auditors Respectively and Authorize Board
      to Fix Their Remuneration
8     Amend Articles of Association             For       For        Management
9     Approve Issuance of New Shares            For       Against    Management
10    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

YAPI VE KREDI BANKASI AS

Ticker:                      Security ID:  TRAYKBNK91N6
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Elect Directors and Determine Their Terms For       Did Not    Management
      of Office                                           Vote
7     Elect Internal Auditors and Determine     For       Did Not    Management
      Their Terms of Office                               Vote
8     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
10    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions With              Vote
      the Company and Be Involved with
      Companies with Similar Corporate Purpose


--------------------------------------------------------------------------------

YUKOS CORP

Ticker:       YUKOY          Security ID:  98849W108
Meeting Date: JUN 24, 2004   Meeting Type: ANNUAL
Record Date:  MAY 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
3     Dividend/Income Allocation Proposals      FOR       FOR        Management
4     Election of the Directors                 FOR       FOR        Management
5     5a) Elect members of the revision comitte FOR       FOR        Management
      (audit commission)
6     5b) Elect members of the revision comitte FOR       FOR        Management
      (audit commission)
7     5c) Elect members of the revision comitte FOR       FOR        Management
      (audit commission)
8     Appointment of the Auditors               FOR       FOR        Management
9     Approve remuneration of directors.        FOR       FOR        Management


--------------------------------------------------------------------------------

YUKOS CORP

Ticker:       YUKOY          Security ID:  98849W108
Meeting Date: NOV 28, 2003   Meeting Type: SPECIAL
Record Date:  SEP 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Election of the Directors                 FOR       DID NOT    Management
                                                          VOTE
2     Amend the Charter of Corporation          FOR       DID NOT    Management
                                                          VOTE
3     Dividend/Income Allocation Proposals      FOR       DID NOT    Management
                                                          VOTE


--------------------------------------------------------------------------------

ZHEJIANG EXPRESSWAY CO

Ticker:                      Security ID:  CN0009068411
Meeting Date: OCT 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Interim Dividend of HK$0.038 Per  For       For        Management
      Share


--------------------------------------------------------------------------------

ZHEJIANG EXPRESSWAY CO

Ticker:                      Security ID:  CN0009068411
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Report of the Directors           For       Abstain    Management
2     Approve Report of the Supervisory         For       Abstain    Management
      Committee
3     Approve Financial Statements              For       Abstain    Management
4     Approve Final Dividend of RMB0.11 Per     For       For        Management
      Share
5     Approve Financial Budget for 2004         For       For        Management
6     Reappoint Ernst & Young (Hong Kong CPA)   For       For        Management
      and Zhejiang Pan-China CPA as
      International and PRC Auditors
      Respectively and Authorize Board to Fix
      Their Remuneration
1     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
2     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors and Other
      Officers in Contracts Entered into by the
      Company




========================= ISHARES MSCI EMU INDEX FUND ==========================


ABERTIS INFRAESTRUCTURAS (FRMELY ACESA INFRAESTRUCTURAS SA(FORMERLY AUTOPISTAS C

Ticker:                      Security ID:  ES0111845014
Meeting Date: SEP 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Fiscal Year Ended 5-31-03
2     Authorize Capitalization of Reserves and  For       For        Management
      Subsequent Amendment to Article 5;
      Approve Listing in Stock Exchange
3     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ACCIONA SA (FORMERLY GRUPO ACCIONA SA (FORMERLY CUBIERTAS Y

Ticker:                      Security ID:  ES0125220311
Meeting Date: APR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements               For       Abstain    Management
2     Accept Statutory Reports; Approve         For       Abstain    Management
      Discharge of Directors
3     Approve Allocation of Income and Dividend For       For        Management
      of EUR 1.38 Per Share
4     Amend Articles                            For       For        Management
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Issuance of Convertible Bonds   For       For        Management
      without Preemptive Rights
7     Approve General Meeting Guidelines        For       For        Management
8     Authorize Repurchase of Shares            For       For        Management
9     Elect Auditors                            For       For        Management
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ACCOR

Ticker:                      Security ID:  FR0000120404
Meeting Date: APR 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.575 per Share
5     Ratify Cooptation of Gabriele Galateri Di For       Against    Management
      Genola as Supervisory Board Member
6     Elect Francis Mayer as Supervisory Board  For       Against    Management
      Member
7     Authorize Repurchase of Up to 18 Million  For       For        Management
      Shares
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 100 Million
11    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 200 Million for Bonus Issue or
      Increase in Par Value
12    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      300 Million
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ACERINOX S.A.

Ticker:                      Security ID:  ES0132105331
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Distribution of Aggregate
      Dividend of EUR 55.27 Million
2     Approve Discharge of Management; Approve  For       For        Management
      Dividend Payments Made in 01-05-04 and
      04-05-04
3     Approve KPMG Auditores S.L. as Auditors   For       For        Management
      for Fiscal Year 2004
4     Authorize Share Repurchase Program        For       For        Management
5     Approve 4:1 Stock Split and Reduce Par    For       For        Management
      Value of Shares to EUR 0.25 from EUR 1
6     Amend Articles 14 and 15 Re: Attendance,  For       For        Management
      Presiding Committee, Accords
7     Approve Distribution of EUR 0.08 Per      For       For        Management
      Share from Issuance Premium Reserve
8     Amend Articles 5, 6, and 7 of General     For       For        Management
      Meeting Guidelines Re: Shareholder's
      Acces to Information, Participation in
      the Meeting, Shareholder Representation
      at the Meeting
9     Elect Juan March and Susumu Komori to     For       For        Management
      Management Board and  Reelect Jose
      Aguirre, Jose Guerediaga, Oscar Fanjul,
      and Marcelino Oreja for Four Year Terms
      to Management Board
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
11    Designate Shareholders to Approve and     For       For        Management
      Sign Minutes of Meeting


--------------------------------------------------------------------------------

ACS, ACTIVIDADES DE CONSTRUCCIONES (FORMERLY GINES NAVARRO C

Ticker:                      Security ID:  ES0167050311
Meeting Date: OCT 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Balance Sheet Dated        For       For        Management
      4-30-03
2     Approve Acquisition of Grupo Dragados SA  For       For        Management
3     Issue 54.5 Million Shares in Connection   For       For        Management
      with Acquisition; Amend Articles Re:
      Share Capital and Board Size
4     Fix Number of Directors (18); Approve     For       For        Management
      Resignation of Francisco Pons; Reelect
      Torrego, Viguri, Jimenez, Rodriguez,
      Vadell, and Perez; Elect Ferrer, Parra,
      Barreiro, Terre, and Junyent as New
      Directors (All Directors Serve 5-Year
      Terms)
5     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
6     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

ADIDAS-SALOMON AG

Ticker:       ADDDY          Security ID:  DE0005003404
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       Against    Management
      Dividends of EUR 1.00 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Henri Filho, Hans Friderichs,       For       For        Management
      Manfred Gentz, Igor Landau, Willi
      Schwerdtle, Christian Tourres, and Stefan
      Jentzsch to the Supervisory Board
6     Approve Creation of EUR 11.6 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights
7     Authorize Cancellation of 2001 AGM        For       For        Management
      Issuance of Shares
8     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 500
      Million with Preemptive Rights; Approve
      Creation of EUR 9.1 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
9     Amend 1999 Stock Option Plan              For       For        Management
10    Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
11    Ratify KPMG Deutsche Treuhand             For       For        Management
      Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

AEGON NV

Ticker:       AEG            Security ID:  NL0000301760
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Discussion of the Annual Report 2003      None      None       Management
2.2   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.3   Discussion of the Reserves and Dividend   None      None       Management
      Policy
2.4   Approval of Dividend in the Amount of EUR For       For        Management
      0.40 per Ordinary Share
2.5   Approve Discharge of Management Board     For       For        Management
2.6   Approve Discharge of Supervisory Board    For       For        Management
3.1   Ratify Ernst & Young as Auditors          For       For        Management
3.2   Authorize Board to Prepare Annual Report  For       For        Management
      in English
4.1   Discussion about Company's Corporate      None      None       Management
      Governance Policy
4.2   Approve Remuneration Policy of Management For       For        Management
      Board
5.1A  Reelect T. Rembe to Supervisory Board     For       For        Management
5.1B  Reelect O. Olcay to Supervisory Board     For       For        Management
5.2A  Elect R. Dahan to Supervisory Board       For       For        Management
5.2B  Elect I. Bailey to Supervisory Board      For       For        Management
5.2C  Elect P Voser to Supervisory Board        For       For        Management
5.3   Announcement of Vacancies on Supervisory  None      None       Management
      Board in 2005
6.1   Grant Board Authority to Issue All        For       Against    Management
      Authorized Yet Unissued Shares
6.2   Grant Board Authority to Restrict/Exclude For       For        Management
      Preemptive Rights for Ordinary Share
      Issuance up to 30 Percent of the Issued
      Capital (Item 6.1)
6.3   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Up to One Percent of Issued Share
      Capital for Employee Compensation Plan
6.4   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Other Business                            None      Against    Management
8     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: MAR 3, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Discussion of Company's Corporate         None      None       Management
      Governance Structure
3     Amend Articles Re: Changes to Company's   For       For        Management
      Corporate Governance Structure to Reflect
      Recommendations by Dutch Corporate
      Governance Code
4     Approve Terms Governing Conversion of     For       For        Management
      Cumulative Preferred Financing Shares
      into Common Shares
5     Approve Remuneration Policy of Executive  For       For        Management
      Board
6     Receive Information on Current            None      None       Management
      Investigations and Lawsuits
7     Adjourn Meeting                           None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report for Fiscal Year 2002 by    None      Abstain    Management
      Management Board
3     Approve Financial Statements for Fiscal   For       Abstain    Management
      Year 2002
4     Elect Management Board                    For       For        Management
5     Amend Articles Re: Increase Authorized    For       Against    Management
      Share Capital to EUR 1.25 Billion; Make
      Supervisory Board Nomination to Executive
      Board Non Binding; Require Quorum to
      Adopt Shareholder Proposals; Remove Age
      Limit for Supervisory Board Membership
6.1   Grant Board Authority to Issue Authorized For       Against    Management
      Yet Unissued Shares Restricting/Excluding
      Preemptive Rights
6.2   Grant Board Authority to Exclude          For       Against    Management
      Preemptive Rights from Issuance Under
      Item 6.1
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Receive Information about Bonus of CEO    None      None       Management
      Anders Moberg
9     Allow Questions; Close Meeting            None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report Regarding Company Strategy None      Abstain    Management
      ('Road to Recovery')
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
3.3   Approve Discharge of Management Board     For       For        Management
3.4   Approve Discharge of Supervisory Board    For       For        Management
4.1   Elect Rene Dahan to Supervisory Board     For       For        Management
4.2   Elect Karen de Segundo to Supervisory     For       For        Management
      Board
5     Ratify Deloitte & Touche as Auditors      For       For        Management
6     Authorize Board to Change Official        For       For        Management
      Language of the Annual Report to English
7     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: SEP 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Explanation with Respect to       None      Abstain    Management
      Deferral of Publication of 2002 Annual
      Accounts and Annual Report
3.1A  Elect A.C. Moberg to Management Board     For       For        Management
3.1B  Elect M. van Olffen to Management Board   Against   Against    Management
3.2A  Elect H.R. Ryoeppoenen to Management      For       For        Management
      Board
3.2B  Elect J.W. Hoevers to Management Board    Against   Against    Management
4     Receive Presentation about Company's New  None      None       Management
      Strategy
5     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AIR FRANCE

Ticker:                      Security ID:  FR0000031122
Meeting Date: JUL 10, 2003   Meeting Type: Annual/Special
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 0.09 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
6     Amend Articles of Association Re:         For       Against    Management
      Conformity with Law of Apr. 9, 2003
7     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AIR FRANCE

Ticker:                      Security ID:  FR0000031122
Meeting Date: APR 20, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Capital Increase of Up to EUR   For       For        Management
      1.15 Billion in Association with KLM N.V.
      Share Exchange Offer
2     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 400 Million
3     Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
4     Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 400 Million for Bonus Issue or
      Increase in Par Value
5     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
6     Amend Articles of Association Re: Board   For       For        Management
      Guidelines, Board Committees, Appointment
      of Chairman, and Establishment of
      Strategic Management Committee
7     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AKZO-NOBEL NV

Ticker:       AKZOY          Security ID:  NL0000009132
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Approve Dividends                         For       For        Management
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Discussion about Company's Corporate      None      None       Management
      Governance Policy
6.1   Approve Stock Option Plan for Management  For       For        Management
      Board
6.2   Approve Restricted Stock Plan for         For       For        Management
      Management Board
6.3   Approve Executive Stock Option Plan       For       For        Management
6.4   Approve Maximum Number of Shares for LTIP For       For        Management
7     Elect Members of Management Board         For       For        Management
8.1   Fix Number of Members of Supervisory      For       For        Management
      Board
8.2   Elect Members of Supervisory Board        For       For        Management
9     Authorize Board to Prepare Financial      For       For        Management
      Statements in English
10    Grant Board Authority to Issue Authorized For       For        Management
      Yet Unissued Shares Restricting/Excluding
      Preemptive Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

ALCATEL (FORMERLY ALCATEL ALSTHOM)

Ticker:       ALA            Security ID:  FR0000130007
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Treatment of Losses               For       For        Management
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Jozef Cornu as Director           For       For        Management
6     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Amount of EUR 10 Billion
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 750 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 750 Million
11    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests At EUR
      750 Million
12    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALLEANZA ASSICURAZIONI SPA

Ticker:                      Security ID:  IT0000078193
Meeting Date: APR 22, 2004   Meeting Type: Annual/Special
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Remuneration
3     Authorize Reissuance of Repurchased Share For       Against    Management
      To Service Executive Stock Option Plan
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

ALLIED IRISH BANK PLC

Ticker:       AIB            Security ID:  IE0000197834
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividend of EUR 35 Cents          For       For        Management
3a    Elect Michael Buckley as a Director       For       For        Management
3b    Elect Padraic Fallon as a Director        For       For        Management
3c    Elect Dermot Gleeson as a Director        For       For        Management
3d    Elect Derek Higgs as a Director           For       For        Management
3e    Elect Gary Kennedy as a Director          For       For        Management
3f    Elect John McGuckian as a Director        For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      KPMG Auditors
5     Authorize Share Repurchase of 90 Million  For       For        Management
      Shares, Representing 10 Percent of the
      Share Capital
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights, Representing 5 Percent
      of the Share capital
8     Approve Stock Dividend Program            For       For        Management
9a    Remove Adrian Burke as a Director         Against   Against    Shareholder
9b    Remove Colm Doherty as a Director         Against   Against    Shareholder
9c    Remove Don Godson as a Director           Against   Against    Shareholder
9d    Remove Aidan McKeon as a Director         Against   Against    Shareholder
9e    Remove Carol Moffett as a Director        Against   Against    Shareholder
9f    Remove Jim O'Leary as a Director          Against   Against    Shareholder
9g    Remove Michael Sullivan as a Director     Against   Against    Shareholder
9h    Remove Robert Wilmers as a Director       Against   Against    Shareholder
10    Remove KPMG as Auditors                   Against   Against    Shareholder
11    Appoint Niall Murphy, a Shareholder       Against   Against    Shareholder
      Nominee, as a Director


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: NOV 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect William Leng as Director            For       For        Management
2     Authorize Bonds Issuance Up to Nominal    For       For        Management
      Value of EUR 200 Million to French
      Government
3     Approve Bonus Issuance of Warrants to     For       For        Management
      Purchase Up to 240 Million Shares
4     Authorize Issuance of Up to 240 Million   For       For        Management
      Shares to BNP Paribas, Credit Agricole
      Indosuez, CLIFAP, EZEPART, Credit
      Industriel et Commercial, CDC Ixis
      Capital Markets, Natexis Bleichschroeder
      SA and FINANPAR 17
5     Authorize Issuance of Convertible Bonds   For       For        Management
      with Preemptive Rights and Capital
      Increase Not to Exceed EUR 893 Million
6     Authorize Issuance of Convertible Bonds   For       For        Management
      Up to Nominal Value of EUR 300 Million
      and Capital Increase Not to Exceed EUR
      300 Million to French Government
7     Cancel Issue Authority with Preemptive    For       For        Management
      Rights Approved by Shareholders at July
      2, 2003, AGM/EGM
8     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
9     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: NOV 7, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect William Leng as Director            For       For        Management
2     Authorize Bonds Issuance Up to Nominal    For       For        Management
      Value of EUR 200 Million to French
      Government
3     Approve Bonus Issuance of Warrants to     For       For        Management
      Purchase Up to 240 Million Shares
4     Authorize Issuance of Up to 240 Million   For       For        Management
      Shares to BNP Paribas, Credit Agricole
      Indosuez, CLIFAP, EZEPART, Credit
      Industriel et Commercial, CDC Ixis
      Capital Markets, Natexis Bleichschroeder
      SA and FINANPAR 17
5     Authorize Issuance of Convertible Bonds   For       For        Management
      with Preemptive Rights and Capital
      Increase Not to Exceed EUR 893 Million
6     Authorize Issuance of Convertible Bonds   For       For        Management
      Up to Nominal Value of EUR 300 Million
      and Capital Increase Not to Exceed EUR
      300 Million to French Government
7     Cancel Issue Authority with Preemptive    For       For        Management
      Rights Approved by Shareholders at July
      2, 2003, AGM/EGM
8     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
9     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALTADIS S.A. (FORMERLY TABACALERA, S.A.)

Ticker:                      Security ID:  ES0177040013
Meeting Date: JUN 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of EUR 0.80
      Per Share Dividend, and Discharge
      Directors
2     Ratify Management Board                   For       For        Management
3     Approve Auditors                          For       For        Management
4     Approve EUR 4.4 Million Reduction in      For       For        Management
      Capital Via Cancellation of 7.3 Million
      Shares; Ammend Company's By-Laws
      Accordingly
5     Authorize Share Repurchase Program        For       For        Management
6     Authorize Issuance of Bonds               For       For        Management
7     Amend Articles 22, 23, 25, and 28 Re:     For       For        Management
      Elimination of Shareholidng Requirement
      to Attend Shareholder Meetings, Remote
      Voting, Elimination of Supermajority
      Quorums and Vote Requirement for Certain
      Proposals, Increase Shareholders' Access
      to Information
8     Approve General Meeting Guidelines        For       For        Management
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

AMADEUS GLOBAL TRAVEL DISTRIBUTION SA

Ticker:                      Security ID:  ES0109169013
Meeting Date: JUN 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       Against    Management
4     Approve Discharge of Management Board     For       For        Management
5     Elect Management Board                    For       For        Management
6     Reelect Deloitte & Touche Espana S.L. as  For       For        Management
      Auditors
7     Approve Reduction in Share Capital Via    For       For        Management
      Cancellation of 48.54 Million Class B
      Shares; Amend Article 5 to Reflect Change
      in Capital
8     Amend Articles                            For       For        Management
      12,14,17,20,22,23,25,27,29,30,31,32,33
      Re: Shareholder Meetings, Meeting Notice,
      Attendance and Participation at the
      Meetings, Board Guidelines, General
      Meeting Guidelines, Remote Vote,
      Shareholder Access to Information
9     Approve General Meeting Guidelines        For       For        Management
10    Modify Executive Stock Option Plan        For       Against    Management
      Approved at 06-16-00 AGM
11    Authorize Repurchase of Shares            For       For        Management
12    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

AMER GROUP PLC.

Ticker:                      Security ID:  FI0009000285
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Did Not    Management
                                                          Vote
1.2   Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
1.3   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
1.4   Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1.40 Per Share                     Vote
1.5   Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
1.6   Fix Number of Directors at Seven          For       Did Not    Management
                                                          Vote
1.7   Approve Remuneration of Directors and     For       Did Not    Management
      Auditors                                            Vote
1.8   Reelect Felix Bjoerklund, Ilkka           For       Did Not    Management
      Brotherus, Pekka Kainulainen, Tuomu                 Vote
      Laehdesmaeki, Timo Maasilta, and Roger
      Talermo; Elect Anssi Vanjoki as a New
      Director
1.9   Appoint PricewaterhouseCoopers as         For       Did Not    Management
      Auditors                                            Vote
2     Amend Articles: Reduce Term of Directors  For       Did Not    Management
      from Three Years to One Year; Introduce             Vote
      Maximum Age Limit of 66 Years for Board
      Membership
3     Approve EUR 3.9 Million Reduction in      For       Did Not    Management
      Share Capital via Share Cancellation                Vote
4     Approve Issuance of Warrants to Key       For       Did Not    Management
      Employees; Approve Creation of EUR 2.2              Vote
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights
5     Cancel 53,400 Undistributed Warrants      For       Did Not    Management
      (2002 Warrant Scheme); Cancel 390,001               Vote
      Undistributed Warrants (2003 Warrant
      Scheme)


--------------------------------------------------------------------------------

ANTENA 3 DE TELEVISION SA, MADRID

Ticker:                      Security ID:  ES0109427635
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Group and Individual Financial    For       Abstain    Management
      Statements, Allocation of Income, and
      Discharge Directors
2     Approve Necessary Steps to Ensure         For       For        Management
      Stability of Company Subsidiary Uniprex
3     Ratify Appointment of Directors to        For       For        Management
      Management Board
4     Approve Remuneration of Directors At      For       For        Management
      Maximum Aggregate EUR 3 Million
5     Approve Incentive Compensation Scheme     For       For        Management
6     Authorize Repurchase of Shares            For       For        Management
7     Approve Deloitte and Touche Esapana S.L   For       For        Management
      as Auditors
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ARCELOR S.A.

Ticker:                      Security ID:  LU0140205948
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Report of Board of Directors and Opinions None      Abstain    Management
      of Independent Auditor on the Annual
      Accounts and the Consolidated Accounts
2     Approve Annual Accounts                   For       Abstain    Management
3     Approve Consolidated Accounts             For       Abstain    Management
4     Approve Allocation of Income and          For       For        Management
      Dividend; Approve Directors' Remuneration
5     Approve Discharge of Directors            For       For        Management
6     Accept Resignation of J. Lapeyre and D.   For       For        Management
      Bouton; Appoint M. Marti and N. Forgeard
      as Directors
7     Authorize the Repurchase of up to 10      For       For        Management
      Percent of the Company's Shares for a
      Price of No Less than EUR 5 Per Share and
      No More than EUR 25 Per Share
8     Ratify KPMG Audit as Auditors             For       For        Management


--------------------------------------------------------------------------------

ARNOLDO MONDADORI EDITORE

Ticker:                      Security ID:  IT0001469383
Meeting Date: APR 26, 2004   Meeting Type: Annual/Special
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Elect External Auditors, Reconta Ernst    For       For        Management
      &Young Spa, For The Three-Year Term
      2004-2005 and Fix Remuneration of
      Auditors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Renumber
      Articles of Association; Adopt New
      Articles of Association


--------------------------------------------------------------------------------

ARNOLDO MONDADORI EDITORE

Ticker:                      Security ID:  IT0001469383
Meeting Date: JUL 29, 2003   Meeting Type: Special
Record Date:  JUL 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Appoint Internal Statutory Auditors       For       For        Management
1     Approve Mandatory Conversion of 151,412   For       For        Management
      Savings Shares into Ordinary Shares


--------------------------------------------------------------------------------

ASML HOLDING NV (FORMERLY ASM LITHOGRAPHY HLDG)

Ticker:                      Security ID:  NL0000334365
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Reserves and Dividend Policy      None      None       Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7     Approve Remuneration Policy for           For       For        Management
      Management Board Members
8.1   Approve Stock Option Plan for Management  For       For        Management
      Board; Approve Reservation of 500,000
      Shares to Guarantee Conversion Rights
8.2   Approve Stock Option Plans for Other      For       For        Management
      Employees; Approve Reservation of 4.5
      Million Shares to Guarantee Conversion
      Rights
9     Increase Size of Supervisory Board from   For       For        Management
      Six to Seven Members; Reelect H. Bodt and
      Elect F. Froehlich and A. van der Poel to
      Supervisory Board
10    Amend Articles Re: Changes to Company's   For       For        Management
      Corporate Governance Structure to Reflect
      Recommendations by Dutch Corporate
      Governance Code; Indemnification of
      Management and Supervisory Boards
11    Grant Board Authority to Issue Authorized For       For        Management
      Yet Unissued Ordinary Shares
      Restricting/Excluding Preemptive Rights
      Up to 20 Percent of Issued Share Capital
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Other Business (Non-Voting)               None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ASSICURAZIONI GENERALI SPA

Ticker:                      Security ID:  IT0000062072
Meeting Date: APR 19, 2004   Meeting Type: Annual/Special
Record Date:  APR 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Directors For the Three-Year Term   For       Against    Management
      2004-2006
1     Amend Articles of Association             For       Against    Management


--------------------------------------------------------------------------------

ATOS ORIGIN (FORMERLY ATOS)

Ticker:                      Security ID:  FR0000051732
Meeting Date: JUN 4, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Did Not    Management
      Discharge Management Board                          Vote
2     Approve Allocation of Income and Omission For       Did Not    Management
      of Dividends                                        Vote
3     Approve Special Auditors' Report          For       Did Not    Management
      Regarding Related-Party Transactions                Vote
4     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
5     Ratify Cooptation of Michel Soublin as    For       Did Not    Management
      Supervisory Board Member                            Vote
6     Ratify Cooptation of Didier Cherpitel as  For       Did Not    Management
      Supervisory Board Member                            Vote
7     Ratify Alain Le Corvec as Supervisory     For       Did Not    Management
      Board Member                                        Vote
8     Approve Stock Option Plan Grants          For       Did Not    Management
                                                          Vote
9     Approve Non-Renewal of Authority to       For       Did Not    Management
      Increase Capital for Savings-Related                Vote
      Share Purchase Plan.
10    Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

ATOS ORIGIN (FORMERLY ATOS)

Ticker:                      Security ID:  FR0000051732
Meeting Date: JAN 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 97.8 Percent Stake For       Against    Management
      in Sema Ltd. from Schlumberger
      Investments Ltd. and 99.9 Percent Stake
      in Sema SA from Schlumberger SA
2     Authorize Issuance of 13.4 Million Shares For       Against    Management
      to Schlumberger Investments Ltd. and 5.6
      Million Shares to Schlumberger SA in
      Connection with Acquisitions
3     Amend Articles to Reflect Changes in      For       Against    Management
      Capital
4     Authorize Management Board to Carry Out   For       Against    Management
      Formalities Related to Acquisition
5     Approve Stock Option Plan Grants          For       For        Management
6     Fix Number of Supervisory Board Members   For       Against    Management
      Between 3 and 12, Subject to Approval of
      Items 1-4
7     Accept Resignation of Cor Boonstra, Ari   For       Against    Management
      Westerlaken, and Dominique Ferrero as
      Members of the Supervisory Board
8     Elect Andrew Gould as Supervisory Board   For       Against    Management
      Member
9     Elect Jean Marc Perraud as Supervisory    For       Against    Management
      Board Member
10    Elect Gerard Ruizendaal as Supervisory    For       Against    Management
      Board Member
11    Elect Jan Oosterveld as Supervisory Board For       Against    Management
      Member
12    Change Location of Registered             For       For        Management
      Office/Headquarters
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AUTOROUTES DU SUD DE LA FRANCE

Ticker:                      Security ID:  FR0005512555
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.035 per Share
3     Confirm Distribution of Dividends For     For       For        Management
      Previous Three Fiscal Years
4     Approve Consolidated Financial Statements For       Abstain    Management
      and Discharge Directors
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 240,000
8     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AUTOSTRADE SPA (FORMERLY AUTOSTRADE CONCESSIONI E COSTRUZION

Ticker:                      Security ID:  IT0003506190
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

AUTOSTRADE SPA (FORMERLY AUTOSTRADE CONCESSIONI E COSTRUZION

Ticker:                      Security ID:  IT0003506190
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports


--------------------------------------------------------------------------------

AVENTIS SA (FORMERLY RHONE-POULENC )

Ticker:       WS             Security ID:  FR0000130460
Meeting Date: MAY 11, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.23 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Yves Nicolas as Alternate Auditor  For       For        Management
7     Amend Article 7 to Reflect 2003 Legal     For       Against    Management
      Changes Re: Shareholding Disclosure
      Requirement
8     Amend Article 11 to Set Term of           For       For        Management
      Management Board Members at Three Years
9     Amend Article 13 to Set Term of           For       For        Management
      Supervisory Board Members at Three Years
10    Amend Article 16.5 to Introduce Voting    For       Against    Management
      Right Limitation of 15 Percent of Issued
      Capital
11    Adopt Shareholder Rights Plan (Poison     For       Against    Management
      Pill) Pursuant to Sanofi-Synthelabo
      Hostile Takeover Bid
12    Reelect Jean-Marc Bruel as Supervisory    For       For        Management
      Board Member
13    Reelect Martin Fruhauf as Supervisory     For       For        Management
      Board Member
14    Reelect Serge Kampf as Supervisory Board  For       For        Management
      Member
15    Reelect Hubert Markl as Supervisory Board For       For        Management
      Member
16    Reelect Gunter Metz as Supervisory Board  For       For        Management
      Member
17    Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
18    Reelect Seham Razzouqi as Supervisory     For       For        Management
      Board Member
19    Reelect Michel Renault as Supervisory     For       For        Management
      Board Member
20    Reelect Hans-Jurgen Schinzler as          For       For        Management
      Supervisory Board Member
21    Reelect Marc Vienot as Supervisory Board  For       For        Management
      Member
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AVENTIS SA (FORMERLY RHONE-POULENC )

Ticker:       AVE.X          Security ID:  FR0000130460
Meeting Date: JUN 1, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.23 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Yves Nicolas as Alternate Auditor  For       For        Management
7     Amend Article 7 to Reflect 2003 Legal     For       Against    Management
      Changes Re: Shareholding Disclosure
      Requirement
8     Amend Article 11 to Set Term of           For       For        Management
      Management Board Members at Three Years,
      Down From Five Years Previously
9     Amend Article 13 to Set Term of           For       For        Management
      Supervisory Board Members at Three Years,
      Down From Five Years Previously
10    Reelect Jean-Marc Bruel as Supervisory    For       For        Management
      Board Member
11    Reelect Martin Fruhauf as Supervisory     For       For        Management
      Board Member
12    Reelect Serge Kampf as Supervisory Board  For       For        Management
      Member
13    Reelect Hubert Markl as Supervisory Board For       For        Management
      Member
14    Reelect Gunter Metz as Supervisory Board  For       For        Management
      Member
15    Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
16    Reelect Seham Razzouqi as Supervisory     For       For        Management
      Board Member
17    Reelect Michel Renault as Supervisory     For       For        Management
      Board Member
18    Reelect Hans-Jurgen Schinzler as          For       For        Management
      Supervisory Board Member
19    Reelect Marc Vienot as Supervisory Board  For       For        Management
      Member
20    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AXA (FORMERLY AXA-UAP)

Ticker:       AXA            Security ID:  FR0000120628
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.57 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Claude Bebear as Supervisory      For       Against    Management
      Board Member
6     Ratify Mazars & Guerard as Auditors       For       For        Management
7     Ratify Jean Louis Simon as Alternate      For       For        Management
      Auditor
8     Elect Willy Avereyn as Representative of  None      Against    Management
      Employee Shareholders to the Supervisory
      Board, Pending Approval of Item 13
9     Elect Cees de Jong as Representative of   None      Against    Management
      Employee Shareholders to the Supervisory
      Board, Pending Approval of Item 13
10    Elect Jacques Tabourot as Representative  For       For        Management
      of Employee Shareholders to the
      Supervisory Board, Pending Approval of
      Item 13
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
13    Amend Article 10 Re: Appointment of       For       For        Management
      Representative of Employee Shareholders
      to the Supervisory Board
14    Amend Article 10 Re: Appointment of       Against   Against    Management
      Employee Representative to the
      Supervisory Board
15    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

BANCA FIDEURAM SPA

Ticker:                      Security ID:  IT0000082963
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Appoint Alternate Internal Statutory      For       For        Management
      Auditors
3     Elect External Auditors and Fix           For       For        Management
      Remuneration of Auditors
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


--------------------------------------------------------------------------------

BANCA INTESA SPA (FORMERLY INTESABCI SPA )

Ticker:                      Security ID:  IT0000072618
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, Allocation of Income, and
      Distribution of Reserves and/or Company
      Shares


--------------------------------------------------------------------------------

BANCA INTESA SPA (FORMERLY INTESABCI SPA )

Ticker:                      Security ID:  IT0000072618
Meeting Date: DEC 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors;  Determine Directors'
      Term and Remuneration


--------------------------------------------------------------------------------

BANCA MONTE DEI PASCHI DI SIENA SPA

Ticker:                      Security ID:  IT0001334587
Meeting Date: DEC 3, 2003    Meeting Type: Special
Record Date:  NOV 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
1     Authorize Share Repurchase Program in     For       For        Management
      Connection With Bonus Stock Grant to
      Employees


--------------------------------------------------------------------------------

BANCA MONTE DEI PASCHI DI SIENA SPA

Ticker:                      Security ID:  IT0001334587
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Approve Merger by Absorption of of the    For       For        Management
      Wholly-Owned Subsidiary Banca C.
      Steinhauslin & C. Spa
2     Accept Address Change of Secondary        For       For        Management
      Offices


--------------------------------------------------------------------------------

BANCA NAZIONALE DEL LAVORO

Ticker:                      Security ID:  IT0001254884
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors To Substitute Former      For       For        Management
      Members of the Board
2     Authorize a 1:64 Bonus Issue of Company   For       For        Management
      Shares in Favor of Holders of Ordinary
      Shares and/or Saving Shares
3     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, and Allocation of Income
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Approve Acquisition of Coopercredito Spa  For       Against    Management
2     Authorize Capitalization of Reserves for  For       For        Management
      an Increase in Par Value from EUR 0.50 to
      EUR 0.72 of Both Ordinary and Saving
      Shares; Amend Articles of Association
      Accordingly
3     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

BANCHE POPOLARI UNITE SCARL

Ticker:                      Security ID:  IT0003487029
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Rules Governing General Meetings    For       Did Not    Management
                                                          Vote
2     Elect Members of the Board of Directors   For       Did Not    Management
                                                          Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Renew Board Authorization To Repurchase   For       Did Not    Management
      Company Shares and Reissue Repurchased              Vote
      Shares
5     Approve Remuneration of Internal          For       Did Not    Management
      Statutory Auditors                                  Vote
6     Approve Director and Auditor              For       Did Not    Management
      Indemnification/Liability Provisions                Vote
1     Authorize Capitalization of Reserves of   For       Did Not    Management
      EUR 174.98 Million for an Increase in Par           Vote
      Value from EUR 2.0 to EUR 2.50; Modify
      Article 5 of the Company's Bylaws
      Accordingly


--------------------------------------------------------------------------------

BANCO BILBAO VIZCAYA ARGENTARIA

Ticker:       BBV            Security ID:  ES0113211835
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of Dividend,
      and Discharge Directors
2     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with or without
      Preemptive Rights
3     Authorize Issuance of Bonds up to         For       For        Management
      Aggregate Nominal Amount of EUR 71.8
      Billion
4     Amend Articles 24, 29, 31, 34, 35, 37,    For       For        Management
      38, 45 Re: Attendance Rights, Shareholder
      Information Rights, Adoption of
      Agreements, Board Election and Size,
      Board Member Requirements, Board
      Vacancies, Chairman and Secretary,
      Creation and Composition of Board
5     Approve General Meeting Guidelines;       For       For        Management
      Information Re: Board Guidelines
6     Approve Listing (or Delisting) of Shares  For       For        Management
      on Secondary/Foreign Exchanges
7     Authorize Repurchase of Shares and        For       For        Management
      Subsequent Cancellation of Repurshased
      Shares
8     Reelect Deloitte & Touche Espana, S.L. as For       For        Management
      Auditors
9     Elect Jose Antonio Fernandez Rivero and   For       For        Management
      Carlos Loring as New Directors; Reelect
      Directors
10    Approve Fund Transfer to Employee         For       For        Management
      Retirement Fund
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BANCO ESPIRITO SANTO SA (FRM. BANCO ESPIRITO SANTO E C)

Ticker:                      Security ID:  PTBES0AM0007
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Ratify Appointment of Jose Manuel Ruivo   For       For        Management
      da Pena and Michel Marine Le Masson to
      Management Board
8     Elect Board Committees for 2004-2007      For       For        Management
9     Amend Articles                            For       Against    Management
10    Amend Articles Re: Regulations            For       Against    Management


--------------------------------------------------------------------------------

BANCO POPULAR ESPANOL

Ticker:                      Security ID:  ES0113790234
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements and Statutory
      Reports, Allocation of Income, and
      Discharge Directors
2     Elect Management Board                    For       For        Management
3     Reelect Pricewaterhouse Coopers as        For       For        Management
      Auditors
4     Amend Articles 14,15,16,18,21, and 22 Re: For       For        Management
      Remote Vote, Shareholder Access to
      Information, Number of Directors and
      Remuneration, Audit Committee
5     Approve General Meeting Guidelines;       For       For        Management
      Information Re: Board Guidelines
6     Authorize Share Repurchase Program and    For       For        Management
      Cancellation of Repurchased Shares;
      Approve Reduction in Capital
7     Approve Transfer of Reserves to Early     For       Against    Management
      Retirement Fund
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)

Ticker:       SBP            Security ID:  ES0113900J37
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
2     Approve Allocation of Income              For       For        Management
3     Reelect and Ratify Management Board       For       For        Management
4     Reelect Deloitte & Touche Espana SL as    For       For        Management
      Auditors
5     Authorize Share Repurchase Program        For       For        Management
6     Amend Articles 8,15,16,22,and 23 Re:      For       For        Management
      Share Registry Entity, Elimination of
      Shareholding Requirement to Attend
      Shareholder Meetings, Remote Voting and
      Attendance; Add New Article and Change
      Numeration of Company's By-Laws
7     Approve New General Meeting Guidelines    For       For        Management
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities  with Preemptive
      Rights
9     Authorize Issuance of Non-Convertible     For       For        Management
      Bonds
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
11    Accept Board Guidelines Report            For       Abstain    Management


--------------------------------------------------------------------------------

BANK AUSTRIA CREDITANSTALT

Ticker:                      Security ID:  AT0000995006
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.02 per Share
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital for
      Trading Purposes
5     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

BANK OF IRELAND GROUP

Ticker:       IRE            Security ID:  IE0030606259
Meeting Date: JUL 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2     Confirm and Declare a Final Dividend      For       For        Management
3a    Reelect Roy Bailie as a Director          For       For        Management
3b    Reelect Laurence Crowley as a Director    For       For        Management
3c    Reelect Donal Geaney as a Director        For       For        Management
3d    Reelect Denis O'Brien as a Director       For       For        Management
3e    Reelect John O'Donovan as a Director      For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
5     Authorize Repurchase 98,493,220 Ordinary  For       For        Management
      Shares; 1,876,090 Sterling Preference
      Shares; and 3,026,598 Euro Preference
      Shares
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Authorize Board to Allot Up to EUR 31.84  For       For        Management
      million in Equity Securities for Cash
      without Preemptive Rights
8     Authorize Board to Allot Equity           For       For        Management
      Securities Representing 15 Percent of the
      Issued Share Capital, without Preemptive
      Rights, For Purposes Other Than Cash


--------------------------------------------------------------------------------

BARCO NV

Ticker:                      Security ID:  BE0003790079
Meeting Date: MAY 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Board's and Auditor's reports in  None      Abstain    Management
      implementation of articles 583, 586 and
      598 to motivate the issue of options and
      proposed suppressions in favor of
      personnel.
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
3     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
4     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital by Company's
      Direct Affiliates
5     Change the date of AGM to the first       For       For        Management
      Wednesday following May 1 at 5pm
6     Amend Articles 14 and 29 Re: Acquisition  For       Against    Management
      of own Shares, AGM Date, Rewording of
      Board Committee's Title
7     Approve Stock Option Plan for Senior      For       For        Management
      Personnel
8     Approve Issuance of up to 400,000 Shares  For       For        Management
      Pursuant to Share Option Plan
9     Authorize Issuance of Equity without      For       For        Management
      Preemptive Rights Pursuant to Share
      Option Plan
10    Authorize Board to Issue up to 400,000    For       For        Management
      Options Pursuant to Share Option Plan
11    Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

BARCO NV

Ticker:                      Security ID:  BE0003790079
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Accept Financial Statements               For       Abstain    Management
3     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory Reports
4     Approve Discharge of Directors and the    For       For        Management
      Statutory Auditor
5a    Approve Increase in Size of Board from 9  For       For        Management
      to 10 Members and Reappoint Josef Cornu,
      Philippe Naert, Erik Van Zele, and Robert
      J. Verhoeven as Independent Directors
5b    Elect Jan P. Oosterveld as Director       For       For        Management
5c    Approve aggregate remuneration of Board   For       For        Management
      at EUR 1,850,000 for the year 2004
5d    Confirm that according to article 27 of   For       For        Management
      the bylaws, the company shall be validly
      represented in court and for all
      extra-judicial purposes by two directors,
      acting jointly


--------------------------------------------------------------------------------

BASF AG

Ticker:                      Security ID:  DE0005151005
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.40 per Share
3     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Discharge of Management Board     For       For        Management
5     Ratify Deloitte & Touche GmbH as Auditors For       For        Management
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital for Purposes of
      Cancellation and Reissuance without
      Preemptive Rights
7     Authorize Use of Financial Derivatives    For       Against    Management
      when Repurchasing Shares
8     Approve Creation of EUR 500 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
9     Approve Affiliation Agreements with       For       For        Management
      Subsidiary (BASF Plant Science Holding
      GmbH)


--------------------------------------------------------------------------------

BAYERISCHE HYPO- UND VEREINSBANK AG

Ticker:                      Security ID:  DE0008022005
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4A    Reelect Manfred Bischoff to the           For       For        Management
      Supervisory Board
4B    Reelect Volker Doppelfeld to the          For       For        Management
      Supervisory Board
4C    Reelect Max Kley to the Supervisory Board For       For        Management
4D    Reelect Lothar Meyer to the Supervisory   For       For        Management
      Board
4E    Reelect Hans-Juergen Schinzler to the     For       For        Management
      Supervisory Board
4F    Reelect Albrecht Schmidt to the           For       For        Management
      Supervisory Board
4G    Reelect Siegfried Sellitsch to the        For       For        Management
      Supervisory Board
4H    Reelect Wilhelm Simson to the Supervisory For       For        Management
      Board
4I    Reelect Hans-Werner Sinn to the           For       For        Management
      Supervisory Board
4J    Elect Mathias Doepfner to the Supervisory For       For        Management
      Board
4K    Elect Diether Muenich to the Supervisory  For       For        Management
      Board
5     Approve Creation of EUR 990 Million Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
6     Authorize Issuance of Participation       For       For        Management
      Certificates Up to Aggregate Nominal
      Value of EUR 1 Billion
7     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
9     Amend Articles                            For       For        Management
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (HVB Principal Equity GmbH,
      and HVB Profil Gesellschaft fuer
      Personalmanagement mbH)
11    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (HVB-Offene
      Unternehmensbeteiligungs-AG, and
      INDEXCHANGE Investment AG)
12    Ratify KPMG Deutsche Treuhand             For       For        Management
      Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

BEIERSDORF AG

Ticker:                      Security ID:  DE0005200000
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.60 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors
6     Elect Dietmer Ammer, Diethart Breipohl,   For       For        Management
      Michael Herz, Arno Mahlert, Reinhard
      Poellath, and Bruno Saelzer to the
      Supervisory Board; Elect Andreas
      Rittstieg as a Substitute Member to the
      Supervisory Board
7     Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members and Amendment to the Articles
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


--------------------------------------------------------------------------------

BEKAERT S.A.

Ticker:                      Security ID:  BE0003780948
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1,748 (Gross)per Share
4     Approve Discharge of Directors and        For       For        Management
      Auditors
5     Fix Number of Directors at 14             For       For        Management
6.1   Reelect Pol Bamelis as Independent        For       For        Management
      Director
6.2   Reelect Roger Dalle, Francois de          For       For        Management
      Visscher, and Baudouin Velge as Directors
6.3   Elect Sir Anthony Galsworthy as           For       For        Management
      Independent Director
6.4   Elect Bernadr van de Walle de Ghelcke as  For       For        Management
      Director
6.5   Confirm Gary Allen and Baron Georges      For       Against    Management
      Jacobs as Independent Directors as
      Required by Belgian Companies Code
7     Reappoint Deloitte & Partners as Auditors For       For        Management
8     Approve Remuneration of Directors and     For       For        Management
      Auditors
9     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory Reports
10    Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

BEKAERT S.A.

Ticker:                      Security ID:  BE0003780948
Meeting Date: APR 14, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Amend Articles Re: Board Committees       For       For        Management
3     Renew Authorization to Issue Shares to    For       Against    Management
      Increase Share Capital within the
      Framework of Authorized Capital up to EUR
      170 Million for Period of Five Years;
      Authorize Board to Issue Shares in the
      Event of a Public Tender Offer or Share
      Exchange Offer
4     Amend Articles Re: General Matters        For       For        Management
5     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

BENETTON GROUP SPA

Ticker:       BNG            Security ID:  IT0003106777
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAY 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term
3     Approve Remuneration of Directors         For       For        Management
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
5     Elect External Auditors and Fix           For       For        Management
      Remuneration of Auditors


--------------------------------------------------------------------------------

BENETTON GROUP SPA

Ticker:       BXNZ10         Security ID:  IT0003106777
Meeting Date: NOV 25, 2003   Meeting Type: Special
Record Date:  NOV 20, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization Plan; Transfer     For       For        Management
      Brand Management and Marketing Activities
      to Bencom Srl, Logistics and Production
      Activities to Benlog Spa, and IT Services
      to United Web Spa, All Wholly-Controlled
      Subsidiaries
1     Cancel May 12, 2003, Resolution Re:       For       For        Management
      Merger by Absorption of Bencom Srl and
      Benlog Spa


--------------------------------------------------------------------------------

BNP PARIBAS SA (FM. BANQUE NATIONALE DE PARIS)

Ticker:                      Security ID:  FR0000131104
Meeting Date: MAY 13, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.175 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Nominal Value of Up to EUR 30 Billion
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Louis Schweitzer as Director      For       For        Management
8     Reelect Lindsay Owen-Jones as Director    For       For        Management
9     Confirm Expiration of Term of David Peake For       For        Management
      as Director
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 340 Million
13    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 1 Billion for Bonus Issue or
      Increase in Par Value
14    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
15    Amend Terms of Capital Increase Reserved  For       For        Management
      for Employees Participating in
      Savings-Related Share Purchase Plan
      Submitted to Shareholder Vote at May 14,
      2003, AGM/EGM
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Amend Articles of Association Re: Role of For       For        Management
      Chairman, Access to Information, Internal
      Control Procedures, Convening of Board
      Meetings, and Signing of the Minutes of
      Board Meetings
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

BOEHLER-UDDEHOLM AG

Ticker:                      Security ID:  AT0000903851
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors         For       For        Management
5     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

BPI-BANCO PORTUGUES DE INVESTMENTO BPI

Ticker:                      Security ID:  PTBPI0AM0004
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Elect One Member to Management Board      For       For        Management
5     Amend Articles                            For       For        Management
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


--------------------------------------------------------------------------------

BRISA (AUTO-ESTRADA)

Ticker:                      Security ID:  PTBRI0AM0000
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Present Report Re: Execution of           None      None       Management
      Management Incentive Plan
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Elect Nominating Committee                None      Against    Shareholder


--------------------------------------------------------------------------------

BULGARI SPA

Ticker:                      Security ID:  IT0001119087
Meeting Date: APR 29, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements,             For       Abstain    Management
      Consolidated Accounts, Statutory Reports,
      and Allocation of Income
2     Elect Members of the Board of Directors   For       Against    Management
      for the Three-Year Term 2004-2006 and
      Approve Remuneration of Directors
3     Accept a Report Concerning the Company's  For       For        Management
      Corporate Governance Practices
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Add One Article
      To Company Bylaws; Renumber Articles
      Accordingly


--------------------------------------------------------------------------------

BULGARI SPA

Ticker:                      Security ID:  IT0001119087
Meeting Date: NOV 24, 2003   Meeting Type: Special
Record Date:  NOV 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Dismiss Current External Auditors Re:     For       For        Management
      Fiscal Year 2003
2     Appoint New External Auditors for Bulgari For       For        Management
      Spa And All Subsidiaries Except Bulgari
      Italia Spa, Bulgari Gioielli Spa, And
      Bulgari Parfums Italia Spa
3     Authorize Board to Repurchase Shares And  For       Against    Management
      Re-Issue Repurchased Shares Including the
      Use of Financial Instruments Such As Put
      or Call Options
4     Adopt Rules Governing General Meetings    For       For        Management


--------------------------------------------------------------------------------

BUSINESS OBJECTS S.A.

Ticker:       BOBJ           Security ID:  FR0004026250
Meeting Date: JUN 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Omission For       For        Management
      of Dividends
4     Reelect Arnold Silverman as Director      For       For        Management
5     Reelect Albert Eisentat as Director       For       For        Management
6     Reelect Bernard Charles as Director       For       For        Management
7     Elect Kurt Lauk as Director               For       For        Management
8     Approve Transactions with a Related Party For       For        Management
      Not Previously Approved by the Board
9     Approve Transaction with a Related Party  For       Against    Management
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Arnold
      Silverman
13    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Albert
      Eisenstat
14    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Bernard
      Charles
15    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Kurt Lauk
16    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to Gerald Held
17    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to Jean-Francois
      Heitz
18    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to David
      Peterschmidt
19    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to David Roux
20    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
21    Confirm Terms of 1995 International       For       For        Management
      Employee Stock Purchase Plan
22    Authorize Issuance of Up to 325,000       For       For        Management
      Shares to Business Objects S.A. Employee
      Benefits Trust for Use in 1995
      International Employee Stock Purchase
      Plan
23    Authorize Issuance of Up to 475,000       For       For        Management
      Shares to Business Objects S.A. Employee
      Benefits Trust for Use in 2004
      International Employee Stock Purchase
      Plan
24    Authorize Issuance of Up to 2.5 Million   For       Against    Management
      Shares to Business Objects S.A Employee
      Benefit Sub-Plan Trust Under 2001 Stock
      Option Plan
25    Authorize Board to Rename 2001 Stock      For       Against    Management
      Option Plan as 2001 Stock Incentive Plan
      and to Create Subsidiary Stock Incentive
      Sub-Plan Under 2001 Stock Incentive Plan
26    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights Up to Aggregate Nominal Amount of
      EUR 1.3 Million
27    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights Up to Aggregate Nominal
      Amount of EUR 1.3 Million
28    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 1.3 Million for Bonus Issue or
      Increase in Par Value
29    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities Reserved to
      Qualified Investors Up to Aggregate
      Nominal Amount of EUR 1.3 Million
30    Authorize Issuance of Shares with and     For       Against    Management
      Without Warrants Attached Reserved to
      Board Members in the Maximum Aggregate
      Nominal Amount of EUR 30,000
31    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Shareholding
      Disclosure Requirements, Auditor
      Attendance at Board Meetings, and
      Related-Party Transactions
32    Amend Articles of Association Re:         For       Against    Management
      Cancellation of Warrants
33    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CAP GEMINI SA

Ticker:                      Security ID:  FR0000125338
Meeting Date: DEC 3, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Board to Issue Up to 6,276,554  For       For        Management
      Shares Reserved to Transiciel
      Shareholders Who Tendered Their
      Transiciel Shares Pursuant to Cap Gemini
      Share Exchange Offer
2     Authorize Board to Issue Up to 18,829,662 For       For        Management
      Million Warrants and Up to 1,176,853
      Shares to Transiciel Shareholders Who
      Tendered Their Transiciel Shares Pursuant
      to Alternative to Share Exchange Offer
3     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CAP GEMINI SA

Ticker:                      Security ID:  FR0000125338
Meeting Date: APR 15, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Treatment of Losses               For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Appointment of Yann Delabriere as  For       Against    Management
      Director
7     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
8     Authorize Issuance of Equity with         For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 451 Million
9     Authorize Issuance of Equity without      For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 451 Million
10    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
11    Approve Issuance of Warrants with         For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 400 Million
12    Approve Issuance of Warrants without      For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 400 Million
13    Authorize Issuance of Equity-Linked       For       For        Management
      Securities with Preemptive Rights up to
      Aggregate Nominal Amount of EUR 400
      Million
14    Authorize Issuance of Equity-Linked       For       For        Management
      Securities without Preemptive Rights up
      to Aggregate Nominal Amount of EUR 400
      Million
15    Authorize Capital Increase for Future     For       For        Management
      Exchange Offers
16    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      451 Million
17    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CAPITALIA SPA (FORMERLY BANCA DI ROMA )

Ticker:                      Security ID:  IT0003121495
Meeting Date: DEC 2, 2003    Meeting Type: Special
Record Date:  NOV 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Remuneration According to Artcile 19 of
      the Bylaws
1     Approve Accounting Transfers to Cover     For       For        Management
      Fiscal Year 2002's Losses


--------------------------------------------------------------------------------

CAPITALIA SPA (FORMERLY BANCA DI ROMA )

Ticker:                      Security ID:  IT0003121495
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Appoint Internal Statutory Auditors and   For       For        Management
      Chairman; Approve Remuneration of
      Auditors
4     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

CARREFOUR S.A.

Ticker:                      Security ID:  FR0000120172
Meeting Date: APR 19, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Acquisition of Societe Financiere For       For        Management
      Labruyere Eberle and Issuance of 6.46
      Million Shares in Connection with
      Acquisition
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 0.74 per Share
5     Amend Articles of Association to Reduce   For       For        Management
      Terms of Board Members from Six Years to
      Four Years
6     Ratify Cooptation of Luc Vandevelde as    For       For        Management
      Director
7     Reelect Daniel Bernard as Director        For       For        Management
8     Reelect Carlos March as Director          For       For        Management
9     Reelect Jacques Badin as Director         For       For        Management
10    Reelect Francois Henrot as Director       For       For        Management
11    Reelect Christian Blanc as Director       For       For        Management
12    Elect Jose-Luis Leal-Maldonado as         For       For        Management
      Director
13    Authorize Repurchase of Up to 71,614,230  For       For        Management
      Shares
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
15    Approve Stock Option Plan Grants          For       For        Management
16    Amend Articles of Association Re: Board   For       For        Management
      Representation, Auditor Participation at
      Board Meetings, and Use of Electronic
      Media at Shareholder Meetings


--------------------------------------------------------------------------------

CASINO GUICHARD-PERRACHON & CIE

Ticker:                      Security ID:  FR0000125585
Meeting Date: SEP 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Unitary Board Structure             For       For        Management
2     Adopt New Articles of Asscociation to     For       For        Management
      Reflect Changes in Board Structure
3     Confirm Authorities to Issue Equity and   For       Against    Management
      Equity-Linked Securities with and without
      Preemptive Rights and Authority to Reduce
      Share Capital via Cancellation of
      Repurchased Shares Approved by
      Shareholders at 2001, 2002, and 2003 EGMs
4     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
5     Elect Pierre Bouchut as Director          For       Against    Management
6     Elect Christian Couvreux as Director      For       Against    Management
7     Elect David Dautresme as Director         For       Against    Management
8     Elect Abilio Dos Santos Diniz as Director For       Against    Management
9     Elect Antoine Guichard as Director        For       Against    Management
10    Elect Yves Guichard as Director           For       Against    Management
11    Elect Philippe Houze as Director          For       Against    Management
12    Elect Marc Ladreit de Lacharriere as      For       Against    Management
      Director
13    Elect Francis Mayer as Director           For       Against    Management
14    Elect Jean-Charles Naouri as Director     For       Against    Management
15    Elect Gilles Pinoncely as Director        For       Against    Management
16    Elect David de Rothschild as Director     For       Against    Management
17    Elect Societe Euris as Director           For       Against    Management
18    Elect Societe Finatis as Director         For       Against    Management
19    Elect Fonciere Euris as Director          For       Against    Management
20    Elect Groupe Euris as Director            For       Against    Management
21    Elect Omnium de Commerce et de            For       Against    Management
      Participations SAS as Director
22    Elect Societe Parcade SAS as Director     For       Against    Management
23    Appoint Jacques Getten as Censor          For       For        Management
24    Appoint Gerard Mestrallet as Censor       For       For        Management
25    Confirm Authority to Issue                For       For        Management
      Bonds/Debentures and Authority to
      Repurchase Shares Approved by
      Shareholders at May 2003 AGM
26    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 610,000
27    Approve Remuneration of Censors in the    For       For        Management
      Aggregate Amount of EUR 50,000
28    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CASINO GUICHARD-PERRACHON & CIE

Ticker:                      Security ID:  FR0000125585
Meeting Date: MAY 27, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.97 per Share
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Appointment of Henri Proglio as    For       For        Management
      Director
7     Appoint Henri Giscard d'Estaing as Censor For       For        Management
      Pursuant to Dec. 9, 2003, Board Meeting
8     Ratify Appointment of Henri Giscard       For       For        Management
      d'Estaing as Director, Pursuant to April
      8, 2004, Board Meeting
9     Ratify Ernst & Young Audit as Auditors    For       For        Management
10    Ratify Didier Kling & Associes as         For       For        Management
      Auditors
11    Ratify Philippe Duchesne as Alternate     For       For        Management
      Auditor
12    Ratify Christophe Bonte as Alternate      For       For        Management
      Auditor
13    Authorize Issuance of Equity without      For       Against    Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 200 Million
14    Approve Issuance of Warrants without      For       Against    Management
      Preemptive Rights
15    Authorize Issuance of Convertible Bonds   For       Against    Management
      without Preemptive Rights
16    Authorize Issuance of Bonds with Warrants For       Against    Management
      Attached without Preemptive Rights
17    Authorize Issuance of Equity-Linked       For       Against    Management
      Securities without Preemptive Rights up
      to Aggregate Nominal Amount of EUR 200
      Million
18    Set Global Limit for Capital Increase to  For       Against    Management
      EUR 200 Million
19    Approve Stock Option Plan Grants to       For       Against    Management
      Purchase Existing Shares
20    Approve Stock Option Plan Grants to       For       Against    Management
      Subscribe for Newly Issued Shares
21    Authorize Capital Increase of Up to EUR   For       Against    Management
      200 Million for Future Exchange Offers
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
23    Approve Merger by Absorption of           For       For        Management
      Wholly-Owned Subsidiary Dechrist Holding
24    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Shareholding
      Disclosure Requirement
25    Amend Articles of Association to Remove   For       For        Management
      Citizenship Requirement to Qualify for
      Double Voting Rights


--------------------------------------------------------------------------------

CELESIO AG (FORMERLY GEHE AG)

Ticker:                      Security ID:  DE0005858005
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.90 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PricewaterhouseCoopers Deutsche    For       For        Management
      Revision AG as Auditors


--------------------------------------------------------------------------------

CIMPOR (FORMERLY CIMENTOS DE PORTUGAL S.A. CIMPOR)

Ticker:       CDPGY          Security ID:  PTCPR0AM0003
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Amend Articles                            For       Against    Management
6     Authorize Reissuance of Repurchased       For       Against    Management
      Shares to Company's Employees and Board
      Members in Accordance with 2004 Share
      Acquisition Plan
7     Authorize Issuance of Shares Pursuant to  For       Against    Management
      Share Option Plan for Management and
      Directors
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
9     Authorize Issuance of Bonds up to         For       For        Management
      Aggregate Nominal Amount of EUR 1 Billion


--------------------------------------------------------------------------------

CIMPOR (FORMERLY CIMENTOS DE PORTUGAL S.A. CIMPOR)

Ticker:       CDPGY          Security ID:  PTCPR0AM0003
Meeting Date: JUL 31, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Shareholder Proposal (by Particim SGPS    None      For        Shareholder
      SA): Elect Member to Management Board
2     Shareholder Proposal (by Teixera Duarte - None      Against    Shareholder
      Engenharia e Construcoes SA): Renew
      Decision to Remove Director Appointed by
      Secilpar SL Approved at AGM Held on
      5-14-03


--------------------------------------------------------------------------------

CMB (COMPAGNIE MARITIME BELGE)

Ticker:                      Security ID:  BE0003648590
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Accept Financial Statements               For       Abstain    Management
3     Approve Proposed Allocation of the        For       For        Management
      Results
4     Approve Discharge of Directors and        For       For        Management
      Auditors
5a    Reelect Virginie Saverys, Nicolas         For       For        Management
      Saverys, Philippe Van Damme, and Eric
      Verbeeck as Directors
5b    Ratify KPMG as Auditors                   For       For        Management
5c    Fix Remuneration of Auditors              For       For        Management
5d    Approve Remuneration of Directors         For       For        Management


--------------------------------------------------------------------------------

CMB (COMPAGNIE MARITIME BELGE)

Ticker:                      Security ID:  BE0003648590
Meeting Date: MAY 11, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cancellation of Repurchased       For       For        Management
      Shares
2.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2.2   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital by Company's
      Direct Subsidiaries
3     Amend Articles Re: Share Capital          For       For        Management
      Following Cancellation of Shares
4     Co-ordination of the Articles of          None      None       Management
      Association
5     Authorize Board to Execute the Decisions  For       For        Management
      Taken


--------------------------------------------------------------------------------

CNP ASSURANCES

Ticker:                      Security ID:  FR0000120222
Meeting Date: JUN 8, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
2     Accept Consolidated Financial Statements  For       Did Not    Management
      and Statutory Reports                               Vote
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 2.295 per Share                    Vote
4     Approve Special Auditors' Report          For       Did Not    Management
      Regarding Related-Party Transactions                Vote
5     Ratify Cooptation of Etienne Bertier as   For       Did Not    Management
      Supervisory Board Member                            Vote
6     Ratify Cooptation of Anthony Orsatelli as For       Did Not    Management
      Supervisory Board Member                            Vote
7     Ratify Cooptation of Nicolas Merindol as  For       Did Not    Management
      Supervisory Board Member                            Vote
8     Ratify Cooptation of Jerome Gallot as     For       Did Not    Management
      Supervisory Board Member                            Vote
9     Ratify Cooptation of Dominique Marcel as  For       Did Not    Management
      Supervisory Board Member                            Vote
10    Elect Philippe Baumlin as Supervisory     For       Did Not    Management
      Board Member                                        Vote
11    Approve Resignation of Jean Lecointre as  For       Did Not    Management
      Censor                                              Vote
12    Ratify Mazars et Guerard and KPMG S.A. as For       Did Not    Management
      Auditors and Franck Boyer and SCP Jean              Vote
      Claude Andre as Alternate Auditors
13    Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
14    Amend Article 30 to Reflect 2003 Legal    For       Did Not    Management
      Changes Re: Related-Party Transactions              Vote
15    Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

COFINIMMO

Ticker:                      Security ID:  BE0003593044
Meeting Date: APR 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize New Class of Preferred Stock    For       For        Management
2.1   Amend Articles of Association Re: Fix     For       For        Management
      AMount of Authorized Share Capital at EUR
      472,709,012.33
2.2   Amend Articles of Association Re: All     For       For        Management
      Increases in Share Capital Realized
      Through Issuances of Ordinary Shares
2.3   Amend Articles of Association Re: Forms   For       For        Management
      of Issued Shares
2.4   Amend Articles of Association Re:         For       For        Management
      Categories of Issued Shares
2.5   Amend Articles of Association Re:         For       For        Management
      Preferred Shares
2.6   Amend Articles of Association Re:         For       For        Management
      Reference to 'Commission bancaire et
      financiere' Replaced by 'Commission
      bancaire, financiere et des assurances'
2.7   Amend Articles of Association Re: Voting  For       For        Management
      Rights of Ordinary and Preferred Shares
2.8   Amend Articles of Association Re:         For       For        Management
      Supermajority of 75 Percent
2.9   Amend Articles of Association Re:         For       For        Management
      Residual Capital Distribution Claims of
      Preferred Shareholders in Liquidation
3.1   Approve Merger by Absorption of Assets of For       For        Management
      Belgian Office Properties SA
3.2   Approve Issuance of Maximum of 702,517    For       For        Management
      Preferred Shares in Connection with
      Absorption of Assets of Belgian Office
      Properties
3.3   Amend Articles of Association Re: Share   For       For        Management
      Capital Increase in Connection with
      Absorption of Assets of Belgian Office
      Properties
3.4   Confirm That Approval of Aforementioned   For       For        Management
      Resolutions Are Subject to Approval of
      Belgian Office Properties Shareholders
4.1   Approve Merger by Absorption of Assets of For       For        Management
      Benelux Immo-Loi SA
4.2   Approve Issuance of Maximum of 688,476    For       For        Management
      Ordinary Shares in Connection with
      Absorption of Assets of Benelux Immo-Loi
4.3   Amend Articles of Association Re: Share   For       For        Management
      Capital Increase in Connection with
      Absorption of Assets of Benelux Immo-Loi
4.4   Confirm That Approval of Aforementioned   For       For        Management
      Resolutions Are Subject to Approval of
      Benelux Immo-Loi Shareholders
5.1   Authorize Board to Issue Preferred Shares For       For        Management
      from the Pool of Conditional Capital
5.2   Amend Articles of Association Re: Share   For       For        Management
      Issuances to Remunerate Acquisitions
5.3   Amend Articles of Association Re: Share   For       For        Management
      Issuances to Remunerate Acquisitions
      Applicable to Both Ordinary and Preferred
      Shares
5.4   Renew Authorization to Issue Shares to    For       For        Management
      Increase Share Capital within the
      Framework of Authorized Capital without
      Preemptive Rights for Period of Five
      Years
5.5   Amend Articles to Reflect Changes in      For       For        Management
      Capital
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

COFINIMMO

Ticker:                      Security ID:  BE0003593044
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report Re: Financial   None      Abstain    Management
      Statements and Consolidated Financial
      Statements
2     Receive Auditors' Report Re: Financial    None      Abstain    Management
      Statements and Consolidated Financial
      Statements
3     Accept Financial Statements               For       Abstain    Management
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Approve Discharge of Directors            For       For        Management
6     Approve Change of Control Provisions in   For       For        Management
      Company's Loan Agreements in Accordance
      with Article 556 of Companies Code
7     Approve Discharge of Auditors             For       For        Management
8     Reelect Eric De Vocht, Johannes           For       For        Management
      Frederikus Lisman, and Guido Roelandt as
      Directors, and Elect Xavier de Walque as
      Director and Gilbert van Marcke de Lummen
      as Independent Director
9     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

COLRUYT SA

Ticker:                      Security ID:  BE0003775898
Meeting Date: FEB 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cancellation of 2.9 Million       For       For        Management
      Shares
2     Amend Articles of Association to Reflect  For       For        Management
      References of Current Articles of
      Companies Code


--------------------------------------------------------------------------------

COLRUYT SA

Ticker:                      Security ID:  BE0003775898
Meeting Date: OCT 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of 200,000 Shares        For       For        Management
      Pursuant to Colruyt Employee Share
      Purchase Plan
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

COLRUYT SA

Ticker:                      Security ID:  BE0003775898
Meeting Date: SEP 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports, None      Abstain    Management
      and Report of Business Council
2a    Accept Financial Statements for the Year  For       Abstain    Management
      Ended March 31, 2003
2b    Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Profit Participation of Employees For       Against    Management
      Through Allotment of Repurchased Shares
5     Approve Discharge of Directors            For       For        Management
6     Approve Discharge of Auditors             For       For        Management
7     Ratify Appointment of J. Vanderbruggen to For       For        Management
      Represent Auditors CVBA Klynveld Peat
      Marwick Goerdeler
8     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

COMMERZBANK AG

Ticker:       CRZBY          Security ID:  DE0008032004
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
5     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital for Trading
      Purposes
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Creation of EUR 225 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
8     Approve Creation of EUR 225 Million Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
9     Approve Creation of EUR 150 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries


--------------------------------------------------------------------------------

COMPAGNIE DE SAINT GOBAIN

Ticker:                      Security ID:  FR0000125007
Meeting Date: MAY 10, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.725 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Reelect Jean-Louis Beffa as Director      For       For        Management
7     Reelect Isabelle Bouillot as Director     For       For        Management
8     Reelect Sylvia Jay as Director            For       For        Management
9     Reelect Jose Luis Leal as Director        For       For        Management
10    Ratify Appointment of Gian Paolo Caccini  For       For        Management
      as Director
11    Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
12    Ratify KPMG Audit as Auditors             For       For        Management
13    Ratify Yves Nicolas as Alternate Auditor  For       For        Management
14    Ratify Jean-Paul Vellutini as Alternate   For       For        Management
      Auditor
15    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Shareholding
      Disclosure Requirement, Access to Company
      Information, and Responsibilities of the
      Chairman
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CONTINENTAL  AG

Ticker:       CTTAY          Security ID:  DE0005439004
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.52 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Elect Manfred Bodin, Diethart Breipohl,   For       For        Management
      Michael Frenzel, Hubertus von Gruenberg,
      Hans-Olaf Henkel, Jan Oosterveld, Fred
      Steingraber, Juergen Stockmar, Bernd
      Voss, Ulrich Weiss to the Supervisory
      Board
8     Approve Stock Option Plan for Key         For       For        Management
      Employees


--------------------------------------------------------------------------------

CORIO N.V.  (FORMERLY VIB)

Ticker:                      Security ID:  NL0000288967
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Discussion about Company's Corporate      None      None       Management
      Governance Report
4     Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
5     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
6     Approve Dividend                          For       For        Management
7     Approve Discharge of Management Board     For       For        Management
8     Approve Discharge of Supervisory Board    For       For        Management
9     Approve Remuneration Policy for           For       For        Management
      Management Board Members
10    Approve Remuneration of Supervisory Board For       For        Management
11.1A Reelect J. Bax to Supervisory Board       For       For        Management
11.1B Reelect H. Porte to Supervisory Board     Against   Against    Management
11.2A Elect R. van der Meer to Supervisory      For       For        Management
      Board
11.2B Elect H. Hanekamp to Supervisory Board    Against   Against    Management
12A   Elect J. de Kreij to Management Board     For       For        Management
12B   Elect J. Visser to Management Board       Against   Against    Management
13    Other Business                            None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

CORPORACION MAPFRE SA

Ticker:                      Security ID:  ES0124244C36
Meeting Date: MAR 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Did Not    Management
      Financial Statements and Statutory                  Vote
      Reports; Allocate Income
2     Approve Dividends                         For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Elect Management Board; Nominate and      For       Did Not    Management
      Ratify Appointment of Director                      Vote
5     Amend Article 23 Re: Introduction of      For       Did Not    Management
      Audit Committee Regulations                         Vote
6     Approve General Meeting Guidelines        For       Did Not    Management
                                                          Vote
7     Approve Board Guidelines; Approve Annual  For       Did Not    Management
      Corporate Governance Report; Approve                Vote
      Audit Committee Report
8     Approve Reappointment of Ernst & Young SA For       Did Not    Management
      y Cia. as Auditors                                  Vote
9     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote
10    Approve Minutes of Meeting                For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

CREDIT AGRICOLE SA

Ticker:                      Security ID:  FR0000045072
Meeting Date: MAY 19, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.825 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Elect Alain Dieval as Director in         For       Against    Management
      Replacement of Pierre Bastide
6     Elect Daniel Lebegue as Director in       For       Against    Management
      Replacement of Jean Peyrelevade
7     Elect Michel Michaut as Director in       For       Against    Management
      Replacement of Jean-Marie Sander
8     Reelect Pierre Bru as Director            For       Against    Management
9     Reelect Yves Couturier as Director        For       Against    Management
10    Reelect Pierre Kerfriden as Director      For       Against    Management
11    Reelect Jean Le Brun as Director          For       Against    Management
12    Confirm End of Term of Cabinet Alain      For       For        Management
      Laine as Auditors and Cabinet Mazars &
      Guerard as Deputy Auditor and Appoint New
      Auditors
13    Authorize Issuance of Bonds/Debentures Up For       For        Management
      to Aggregate Amount of EUR 20 Billion
14    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 670,000
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
17    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 1 Bilion
18    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 3 Billion for Bonus Issue or
      Increase in Par Value
19    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CRH PLC

Ticker:       CRHCY          Security ID:  IE0001827041
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividends                         For       For        Management
3a    Elect D.M. Kennedy as Director            For       For        Management
3b    Elect P.J. Molloy as Director             For       For        Management
3c    Elect W.I. O'Mahony as Director           For       For        Management
3d    Elect D.W. Doyle as Director              For       For        Management
3e    Elect J.M. de Jong as Director            For       For        Management
3f    Elect M. Lee as Director                  For       For        Management
3g    Elect T.V. Neill as Director              For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
5     Approve Issuance of Equity Securities     For       For        Management
      without Preemptive Rights
6     Approve Stock Dividend Program            For       For        Management
7     Amend Articles Re: Company Inquiries Into For       For        Management
      Beneficial Ownership of Shares
8     Amend Articles Re: Discharge of D&O       For       For        Management
      Liability Insurance
9     Amend Articles Re: Repurchase of Shares   For       For        Management
10    Authorize Share Repurchase Program of 10% For       For        Management
      of Outstanding Ordinary Share Capital
11    Authorize Re-issuance of Repurchased      For       For        Management
      Shares


--------------------------------------------------------------------------------

D'IETEREN

Ticker:                      Security ID:  BE0003669802
Meeting Date: MAY 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Creation of EUR 60 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
2     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

D'IETEREN

Ticker:                      Security ID:  BE0003669802
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income
3.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
3.2   Authorize Company Subsidiary to Purchase  For       For        Management
      Shares in Parent
4     Reelect Christian Varin, S.A. de          For       For        Management
      Participations et de Gestion (Represented
      by Patrick Peltzer), and Nayarit
      Participations (Represented by Etienne
      Heilporn) as Directors; Elect Pascal
      Minne, Yves Brasseur and Alain Philippson
      as Independent Directors
5     Approve Discharge of Directors and        For       For        Management
      Auditors


--------------------------------------------------------------------------------

DAIMLERCHRYSLER AG

Ticker:                      Security ID:  DE0007100000
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.50 per Share
3     Approve Discharge of Management Board     For       Against    Management
4     Approve Discharge of Supervisory Board    For       Against    Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights
7     Elect Robert Lanigan, Hilmar Kopper, Earl For       For        Management
      Graves, Victor Halberstadt, Peter
      Magowan, William Owens, Manfred
      Schneider, Bernhard Walter, Lynton
      Wilson, and Mark Woessner to the
      Supervisory Board


--------------------------------------------------------------------------------

DASSAULT SYSTEMES SA

Ticker:       DASXY          Security ID:  FR0000130650
Meeting Date: JUN 2, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
2     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.51 per Share
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 140,000
7     Ratify Ernst & Young Audit                For       For        Management
8     Ratify Francois Carrega as Alternate      For       For        Management
      Auditor
9     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of EUR 1 Billion
10    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Access to
      Information, Related-Party Transactions,
      and Auditors
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 25 Million
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 25 Million
14    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 25 Million for Bonus Issue or
      Increase in Par Value
15    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
16    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
17    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 15 Million
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

DCC PLC

Ticker:                      Security ID:  IE0002424939
Meeting Date: JUL 8, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2     Declare a Final Dividend of EUR 17.958    For       For        Management
      cents
3a    Reelect T. Breen as a Director            For       For        Management
3b    Reelect P. Gallagher as a Director        For       For        Management
3c    Reelect F. O'Dwyer as a Director          For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to the Amount of EUR 7,352,400,
      Representing Approximately One Third of
      the Issued Share Capital
6     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital
7     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Articles Re: Substitute a New Set   For       For        Management
      of Articles Incorporating the Changes
      Shown in the Printed Document Produced to
      the Meeting and Signed by the Chairman
10    Transact Other Business (Non-Voting)      None      Against    Management


--------------------------------------------------------------------------------

DELHAIZE GROUP (FORMERLY DELHAIZE LE LION)

Ticker:                      Security ID:  BE0003562700
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Reports                None      Abstain    Management
2     Receive Auditors' Reports                 None      Abstain    Management
3     Receive Consolidated Financial Statements None      Abstain    Management
      and Statutory  Reports (Non-Voting)
4     Approve Financial Statements; Approve     For       Abstain    Management
      Allocation of Income and Dividends of EUR
      1 per Share
5     Approve Discharge of Directors            For       For        Management
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of EUR 70,000 per Year (EUR
      140,000 for Chairman of Board); Approve
      Additional Remuneration of EUR 10,000 per
      Year for Committee Chairman
7     Approve Discharge of Auditors             For       For        Management
8.1   Reelect Baron Gue de Vaucleroy as         For       For        Management
      Director
8.2   Reelect Count Goblet d'Alviella as        For       For        Management
      Director
8.3   Reelect Robert Murray as Director         For       For        Management
8.4   Reelect William Roper as Director         For       For        Management
8.5   Reelect Edward Neville Isdell as Director For       For        Management
9.1   Appoint Baron de Cooman d'Herlinckhove as For       Against    Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.2   Appoint Count de Pret Roose de Calesberg  For       For        Management
      as Independent Director in Accordance
      with the Requirements of the Belgian
      Companies Code
9.3   Appoint Baron George Jacobs as            For       For        Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.4   Appoint Didier Smits as Independent       For       Against    Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.5   Appoint Philippe Stroobant as Independent For       Against    Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.6   Appoint Frans Vreys as Independent        For       For        Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.7   Appoint Baron Gui de Vaucleroy as         For       Against    Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.8   Appoint Count Goblet d'Alviella as        For       For        Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.9   Appoint Robert Murray as Independent      For       For        Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
9.10  Appoint Edward Neville Isdell as          For       For        Management
      Independent Director in Accordance with
      the Requirements of the Belgian Companies
      Code
9.11  Appoint William Roper as Independent      For       For        Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
10    Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer


--------------------------------------------------------------------------------

DELHAIZE GROUP (FORMERLY DELHAIZE LE LION)

Ticker:                      Security ID:  BE0003562700
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect William Roper as Director           For       For        Management
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
3     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

DELHAIZE GROUP (FORMERLY DELHAIZE LE LION)

Ticker:                      Security ID:  BE0003562700
Meeting Date: MAY 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

DEUTSCHE BANK

Ticker:       DTBKY          Security ID:  DE0005140008
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:  MAY 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.50 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital for Trading
      Purposes
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Approve Creation of EUR 150 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
9     Approve Creation of EUR 48 Million Pool   For       For        Management
      of Conditional Capital with Preemptive
      Rights
10    Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 6 Billion
      with Preemptive Rights; Approve Creation
      of EUR 150 Million Pool of Conditional
      Capital to Guarantee Conversion Rights


--------------------------------------------------------------------------------

DEUTSCHE BOERSE AG

Ticker:                      Security ID:  DE0005810055
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.55 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Peter Levene and Alessandro Profuma For       For        Management
      to the Supervisory Board
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (Deutsche Boerse IT Holding
      GmbH)
8     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

DEUTSCHE POST AG

Ticker:                      Security ID:  DE0005552004
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.44 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 1 Billion
      with Preemptive Rights; Approve Creation
      of EUR 56 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
8     Amend Articles Re: Board Renumeration due For       For        Management
      to Changes in German Disclosure
      Regulations


--------------------------------------------------------------------------------

DEUTSCHE TELEKOM

Ticker:       DT             Security ID:  DE0005557508
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAY 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PwC Deutsche Revision AG and Ernst For       For        Management
      & Young AG as Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Amend 2001 Stock Option Plan              For       For        Management
8     Approve Creation of EUR 2.5 Billion Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
9     Approve Affiliation Agreements with       For       For        Management
      Subsidiary (T-Punkt Vertriebsgesellschaft
      mbH)
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiary (Traviata
      Telekommunikationsdienste GmbH)
11    Approve Affiliation Agreements with       For       For        Management
      Subsidiary (Norma
      Telekommunikationsdienste GmbH)
12    Approve Affiliation Agreements with       For       For        Management
      Subsidiary (Carmen
      Telekommunikationsdienste GmbH)
13    Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members and Amendment to the Articles
14    Amend Articles Re: Location of            For       For        Management
      Shareholder Meetings


--------------------------------------------------------------------------------

DEXIA

Ticker:                      Security ID:  BE0003796134
Meeting Date: MAY 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
3     Approve Cancellation of Company's         For       For        Management
      Repurchased Shares
4     Authorize Board to Issue Shares in the    For       Against    Management
      Event of a Public Tender Offer or Share
      Exchange Offer
5     Approve Issuance of Warrants Pursuant to  For       For        Management
      2004 Employee Shareholding Plan
6     Authorize Board to Implement Approved     For       For        Management
      Resolutions


--------------------------------------------------------------------------------

DEXIA

Ticker:                      Security ID:  BE0003796134
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements               For       Abstain    Management
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.53 per Share
3     Approve Discharge of Directors            For       For        Management
4     Approve Discharge of Auditors             For       For        Management
5     Elect Jan Renders as Director             For       For        Management
6     Elect Francis Mayer as Director           For       For        Management
7     Elect Anne-Marie Idrac as Director        For       For        Management
8     Confirm Nine Directors as Independent     For       Against    Management
      Directors in Accordance with the
      Requirements of the Belgian Companies
      Code
9     Approve Grant of Shares to Employees      For       For        Management
      under Shareholding Plan


--------------------------------------------------------------------------------

DOUGLAS HOLDING AG

Ticker:                      Security ID:  DE0006099005
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to issue Repurchased Shares as New Shares
      without Preemptive Rights
6     Ratify Susat & Partner OHG as Auditors    For       For        Management


--------------------------------------------------------------------------------

DSM NV

Ticker:                      Security ID:  NL0000009769
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements              For       Abstain    Management
3.2   Approve Discharge of Management Board     For       For        Management
3.3   Approve Discharge of Supervisory Board    For       For        Management
4     Reelect C. Herkstroeter, H. Bodt, E.      For       For        Management
      Sosa; Elect E. Kist as New Member to
      Supervisory Board
5.1   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Up to 20 Percent of Issued
      Capital, and to Issue All Unissued but
      Authorized Preference Shares
5.2   Grant Board Authority to Restrict/Exclude For       For        Management
      Preemptive Rights from Issuance of
      Ordinary Shares Up to 20 Percent of
      Issued Share Capital (Item 5.1)
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Discussion about Company's Corporate      None      None       Management
      Governance Report
8     Amend Articles: Transfer Authority to     For       For        Management
      Appoint Management Board from Supervisory
      Board to General Meeting; Changes to
      Company's Corporate Governance Structure
      to Reflect Recommendations by Dutch
      Corporate Governance Code as Well as
      Pending Legislation
9     Other Business (Non-Voting)               None      Against    Management
10    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

E.ON AG (FORMERLY VEBA AG)

Ticker:       VEBA           Security ID:  DE0007614406
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.00 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Amend Articles Re: Allow for the Issuance For       For        Management
      of Dividends in Kind
6     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (E.ON Nordic Holding GmbH)
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors


--------------------------------------------------------------------------------

EADS, EUROPEAN AERONAUTIC DEFENCE & SPACE N.V.

Ticker:                      Security ID:  NL0000235190
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Company's Corporate Governance    For       For        Management
      Report
1.2   Approve Company's Reserves and Dividend   For       For        Management
      Policy
1.3   Approve Remuneration Policy for           For       For        Management
      Management Board Members
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.40 Per Share
4     Approve Discharge of Board of Directors   For       For        Management
5     Ratify Ernst & Young Accountants and KPMG For       For        Management
      Accountants N.V. as Auditors
6     Elect R. Grube to Board of Directors      For       For        Management
7     Elect F. David to Board of Directors      For       For        Management
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of 5.7 Million Repurchased
      Shares
9     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

EDP-ELECTRICIDADE DE PORTUGAL

Ticker:                      Security ID:  PTEDP0AM0009
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Authorize Repurchase of Shares            For       For        Management
6     Authorize Bond Repurchase; Reissuance of  For       For        Management
      Repurchased Bonds
7     Amend Articles Re: Meeting Notice Period  For       For        Management


--------------------------------------------------------------------------------

ELAN CORPORATION PLC

Ticker:       ELN            Security ID:  IE0003072950
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2     Reelect Brendan Boushel as Director       For       For        Management
3     Reelect John Groom as Director            For       For        Management
4     Reelect Kyran McLaughlin as Director      For       For        Management
5     Reelect Dennis Selkoe as Director         For       For        Management
6     Reelect Daniel Tully as Director          For       For        Management
7     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
8     Approve Stock Option Plan Grants to       For       Against    Management
      Non-Executives
9     Approve Restricted Stock Plan             For       Against    Management
10    Approve Employee Equity Purchase Plan     For       For        Management
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to the Amount of the Authorized
      but Unissued Share Capital
12    Approve Increase in Authorized Capital    For       For        Management
13    Amend Articles to Reflect Changes in      For       For        Management
      Authorized Capital
14    Authorize Directors to Allot Equity       For       For        Management
      Securities for Cash without Preemptive
      Rights up to 40 Million Shares
15    Authorize Company to Make Market          For       For        Management
      Purchases of Own Shares
16    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

ELAN CORPORATION PLC

Ticker:       ELN            Security ID:  IE0003072950
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2     Reelect Garo Armen as a Director          For       For        Management
3     Reelect Laurence Crowley as a Director    For       For        Management
4     Reelect Ann Maynard  Gray as a Director   For       For        Management
5     Reelect Kevin McIntyre as a Director      For       For        Management
6     Elect William Daniel as a Director        For       For        Management
7     Elect G. Kelly Martin as a Director       For       For        Management
8     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorize Repurchase of Up to 15 Percent  For       For        Management
      of Issued Share Capital
10    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

ELECTRABEL

Ticker:                      Security ID:  BE0003637486
Meeting Date: JAN 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Confirm Lutgart Van de Berghe, Baron      For       Against    Management
      Croes, Baron van Gysel de Meise as
      Independent Directors as Required by
      Belgian Companies Code


--------------------------------------------------------------------------------

ELECTRABEL

Ticker:                      Security ID:  BE0003637486
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 15 per Share
3     Approve Discharge of Directors and        For       For        Management
      Auditors
4.1   Reelect Jean-Pierre Hansen as Director    For       For        Management
4.2   Elect Patrick Buffet as Director          For       For        Management
4.3   Elect Gerard Lamarche as Director         For       For        Management
4.4   Appoint Tony Vandeputte as Independent    For       Against    Management
      Director


--------------------------------------------------------------------------------

ELISA CORPORATION  (FRM.HPY HOLDING)

Ticker:                      Security ID:  FI0009007884
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
1.2   Receive Auditor's Report                  None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and Omission For       For        Management
      of Dividends
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Approve Remuneration of Directors and     For       For        Management
      Auditors
1.7   Fix Number of Directors                   For       For        Management
1.8   Elect Directors                           For       For        Management
1.9   Appoint KPMG Wideri Oy Ab as Auditors     For       For        Management
2     Amend Articles to Reflect Unification of  For       For        Management
      Capital Structure
3     Approve Creation of EUR 13.8 Million Pool For       For        Management
      of Conditional Capital without Preemptive
      Rights


--------------------------------------------------------------------------------

ENDESA S.A.

Ticker:                      Security ID:  ES0130670112
Meeting Date: APR 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Amend Articles 16 and 33 Re: Issue of     For       For        Management
      Debt and Right to Information, and
      Include New Article Re: Remote Voting
4     Amend General Meeting Guidelines via      For       For        Management
      Amendment to Articles 9 (Right to
      Information), 12 (Public Request for
      Representation) and 18 (Interventions),
      and New Article Re: Remote Voting
5     Elect Management Board                    For       For        Management
6     Approve Auditors                          For       For        Management
7     Authorize Share Repurchase                For       For        Management
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
9     Information Re: Board Guidelines          For       For        Management


--------------------------------------------------------------------------------

ENI SPA

Ticker:       E              Security ID:  IT0003132476
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Authorize Share Repurchase Program        For       For        Management
4     Elect External Auditors for the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
5     Amend Article 2 of the Set of Rules       For       For        Management
      Governing General Meetings of Eni Spa
6     Approve Remuneration of Directors         For       For        Management
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
2     Amend Articles 17, 19, and 28 of the      For       For        Management
      Company's Bylaws


--------------------------------------------------------------------------------

EPCOS AG

Ticker:                      Security ID:  DE0005128003
Meeting Date: FEB 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
5     Ratify KPMG as Auditors                   For       For        Management
6     Amend Articles Re: Use of Electronic      For       For        Management
      Means at Shareholder Meetings; Use of
      Electronic Means to Register or Deposit
      Shares; Allow Participation in General
      Meeting via Electronic Means
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 500
      Million with Preemptive Rights; Approve
      Creation of EUR 6.5 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
8     Approve Creation of EUR 13 Million Pool   For       For        Management
      of Conditional Capital with Preemptive
      Rights
9     Approve Stock Option Plan for Key         For       For        Management
      Employees; Approve Creation of EUR 2.5
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights


--------------------------------------------------------------------------------

ERSTE BANK DER OESTER SPARK

Ticker:                      Security ID:  AT0000652011
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3.a   Approve Discharge of Management Board     For       For        Management
3.b   Approve Discharge of Supervisory Board    For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Ratify Auditors                           For       For        Management
7     Approve Spin-Off Agreement of             For       For        Management
      FINAG-Holding AG
8     Approve EUR 43.9 Million Capitalization   For       For        Management
      of Reserves
9     Approve 4:1 Stock Split                   For       For        Management
10    Approve Creation of EUR 16.7 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital for Trading
      Purposes
12    Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
13    Amend Articles                            For       For        Management


--------------------------------------------------------------------------------

ESSILOR INTERNATIONAL

Ticker:                      Security ID:  FR0000121667
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, Consolidated Financial
      Statements, and Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.84 per Share
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Reelect Xavier Fontanet as Director       For       For        Management
5     Elect Louis Lesperance as Director        For       For        Management
6     Elect Jean-Pierre Martin as Director      For       For        Management
7     Elect Yves Chevillotte as Director        For       For        Management
8     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 165,000
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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EURONEXT

Ticker:                      Security ID:  NL0000241511
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Secretary of Meeting                For       For        Management
3.1   Receive Report of Management Board        None      Abstain    Management
3.2   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.3   Approve Dividend in the Amount of EUR     For       For        Management
      0.50 Per Share; Receive Explanation of
      Reserves and Dividend Policy
3.4   Approve Discharge of Management Board     For       For        Management
3.5   Approve Discharge of Supervisory Board    For       For        Management
4     Discussion about Company's Corporate      None      None       Management
      Governance Report
5     Receive Explanation of Remuneration       None      None       Management
      Policy of Management Board
6.1   Approve Stock Option Plan (Conditional    For       For        Management
      Upon Approval of Items 6.2 and 6.3)
6.2   Approve Grant of 760,000 Stock Options to For       For        Management
      Key Employees and Management Board
      Members (Conditional Upon Approval of
      Items 6.1 and 6.3)
6.3   Approve Performance Criteria of Stock     For       For        Management
      Option Plan (Conditional Upon Approval of
      Items 6.1 and 6.2)
6.4   Approve Grant of Stock Options to         For       For        Management
      Individual Management Board Members
      (Included in the 760,000 Stock Options
      Under Item 6.2)
7.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7.2   Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
8     Reelect J. Hessels, D. Hoenn, and J.      For       For        Management
      Peterbroeck to Supervisory Board; Elect
      P. Houel to Supervisory Board
9     Approve Remuneration of Supervisory Board For       For        Management
      Committee Members (EUR 7,500 for Audit
      Committee Members; EUR 5,000 for
      Remuneration/Nomination Committee
      Members; EUR 3,000 for IT Committee
      Members)
10    Ratify Ernst & Young as Auditors          For       For        Management
11    Other Business (Non-Voting)               None      Against    Management
12    Close Meeting                             None      None       Management


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FINECOGROUP SPA(FRMLY FINECO SPA (FORMERLY BIPOP-CARIRE SPA ))

Ticker:                      Security ID:  IT0003602155
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors                           For       For        Management
2     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
3     Approve Director and Auditor              For       For        Management
      Indemnification/Liability Provisions
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


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FINECOGROUP SPA(FRMLY FINECO SPA (FORMERLY BIPOP-CARIRE SPA ))

Ticker:                      Security ID:  IT0001464921
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  NOV 7, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Registered             For       For        Management
      Headquarters; Increase in Par Value of
      Common Stock to EUR 1 (Through 100:9
      Reverse Stock Split); Proxy Voting; Rules
      Governing General Meetings; Chairman's
      Powers; Executive Committee Composition,
      Term, and Functioning
2     Approve EUR 4.7 Million Capital Increase  For       For        Management
      Pursuant to Share Option Scheme
1     Elect Director                            For       For        Management
2     Cancel Resolution Re: Remuneration of     For       Against    Management
      Corporate Governance Committees' Members
      Previously Approved by Shareholders
3     Adopt Rules Governing General Meetings    For       For        Management


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FINMECCANICA SPA

Ticker:                      Security ID:  IT0001407847
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1     AmenAmend Articles To Reflect New Italian For       Against    Management
      Company Law Regulations


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FLUGHAFEN WIEN AG

Ticker:                      Security ID:  AT0000911805
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors         For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Ratify Auditors                           For       For        Management


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FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A.

Ticker:                      Security ID:  ES0122060314
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Statury Reports,
      and Discharge Directors
2     Approve Allocation of Income              For       For        Management
3     Amend Articles 12,19,23,24,33 and 34 Re:  For       For        Management
      General Meeting, Representation, Access
      to Information, Accords, Board Powers
4     Approve General Meeting Guidelines        For       For        Management
5     Elect Management Board                    For       For        Management
6     Authorize Share Repurchase Program        For       For        Management
7     Reelect Deloitte & Touche Espana SL as    For       For        Management
      Auditors
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
9     Approve Minutes of Meeting                For       For        Management


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FORTIS SA/NV (FRMLY FORTIS B (FORMERLY FORTIS AG ))

Ticker:                      Security ID:  BE0003801181
Meeting Date: MAY 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2.1   Accept Financial Statements               For       Abstain    Management
2.2   Approve Dividends in the Amount of EUR    For       For        Management
      0.92 Per Share
2.3   Approve Discharge of Directors and        For       For        Management
      Auditors
3     Discussion about Company's Corporate      None      None       Management
      Governance Report
4.1   Reelect Anton van Rossum, Jan-Michiel     For       For        Management
      Hessels, and Baron Piet Van Waeyenberge
      to Management Board
4.2   Elect Phlippe Bodson, Richard Delbridge,  For       For        Management
      Jacques Manardo, Ronald Sandler, and Rana
      Talwar to Management Board
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Amend Articles Re: Composition and Powers For       For        Management
      of Main Corporate Bodies; Compliance with
      Dutch Corporate Governance Code; Other
      Amendments
7     Close Meeting                             For       For        Management


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FORTIS SA/NV (FRMLY FORTIS B (FORMERLY FORTIS AG ))

Ticker:                      Security ID:  BE0003801181
Meeting Date: MAY 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Amend Articles of Association Re: General For       For        Management
      Matters


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FORTUM OYJ (FORMERLY NESTE OY)

Ticker:                      Security ID:  FI0009007132
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
1.2   Receive Auditor's Report                  None      Did Not    Management
                                                          Vote
1.3   Receive Statement by Supervisory Board on None      Did Not    Management
      Annual and Auditors' Reports                        Vote
1.4   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
1.5   Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.42 Per Share                     Vote
1.6   Approve Discharge of Supervisory Board,   For       Did Not    Management
      Board of Directors, and President                   Vote
1.7   Approve Remuneration of Members of        For       Did Not    Management
      Supervisory Board and Auditors                      Vote
1.8   Fix Number of Members of Supervisory      For       Did Not    Management
      Board and Auditors                                  Vote
1.9   Reelect Peter Fagernaes, Heikki Pentti,   For       Did Not    Management
      Birgitta Kantola, Lasse Kurkilathi, Antti           Vote
      Lagerroos, and Erkki Virtanen as Members
      of Supervisory Board; Elect Birgitta
      Johansson-Hedberg as New Member of
      Supervisory Board
1.10  Ratify PricewaterhouseCoopers as Auditors For       Did Not    Management
                                                          Vote
2     Shareholder Proposal: Abolish Supervisory None      Did Not    Shareholder
      Board                                               Vote
3     Shareholder Proposal: Establish a         None      Did Not    Shareholder
      Nominating Committee                                Vote


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FRANCE TELECOM SA

Ticker:                      Security ID:  FR0000133308
Meeting Date: OCT 6, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Terms of Share Repurchase Plan      For       For        Management
      Submitted to Shareholder Vote at May 27,
      2003, AGM/EGM
2     Authorize Board to Issue Up to 100        For       For        Management
      Million Shares to Participants of
      Orange's Stock Option Plan, Share
      Purchase Plan, Orange Senior
      Discretionary Share Plan and Restricted
      Share Plan, As Well As Signatories of
      France Telecom Liquidity Agreement
3     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
4     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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FRANCE TELECOM SA

Ticker:                      Security ID:  FR0000133308
Meeting Date: APR 9, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors for Fiscal Year Ended
      Dec. 2003
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports for Fiscal Year
      Ended Dec. 2003
3     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 0.25 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Fix Issue Price of Previous Authority to  For       For        Management
      Issue Equity or Equity-Linked Securities
      without Preemptive Rights Submitted to
      Shareholder Vote at Feb. 25, 2003 EGM to
      Increase Capital by up to EUR 30 Billion
7     Amend Article 1, 2, and 7 to Reflect 2003 For       For        Management
      Legislative Changes, Postal Service and
      Telecommunication Code, and European
      Parliament Directives
8     Amend Articles to Reflect 2003            For       For        Management
      Legislative Changes; Remove French
      Government Obligation to Retain Majority
      Stake in Company and Amend Articles with
      Respect to Board Composition
9     Amend Articles to Reflect Potential       For       For        Management
      Change in Control with Respect to Powers
      of Chairman and Management
10    Amend Articles of Association to          For       For        Management
      Introduce Liquidation Provision
11    Authorize Board to Issue Up to 30 Million For       For        Management
      Shares to Participants of Wanadoo Stock
      Option Plan in Connection with France
      Telecom Liquidity Agreement
12    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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FRESENIUS MEDICAL CARE AG

Ticker:       FMS            Security ID:  DE0005785802
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.02 per Common Share
      and EUR 1.08 per Preference Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Elect Ulf Schneider to the Supervisory    For       For        Management
      Board


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FYFFES PLC

Ticker:                      Security ID:  IE0003295239
Meeting Date: MAY 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Directors' and       For       Abstain    Management
      Auditors' Reports and the Accounts
2     Declare a Final Dividend                  For       For        Management
3a    Reelect D.J. Bergin as a Director         For       For        Management
3b    Reelect N.V. McCann as a Director         For       For        Management
3c    Reelect J.P. Tolan as a Director          For       For        Management
3d    Reelect Dr. P.F. de B. Cluver as a        For       For        Management
      Director
3e    Reelect W.M. Walsh as a Director          For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
5a    Approve Remuneration of Directors         For       For        Management
5b    Approve Increase in Authorized Capital    For       For        Management
5c    Authorize Directors to Allot Relevant     For       For        Management
      Securities with Preemptive Rights up to
      the Aggregate Amount of One-Third of the
      Authorized but Unissued Share Capital
6a    Authorize Directors to Allot Equity       For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital
6b    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Share Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Share Incentive Plan              For       For        Management


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GAS NATURAL SDG, S.A.

Ticker:                      Security ID:  ES0116870314
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Discharge Directors
2     Approve Transfer of Amortization Account  For       For        Management
      to Voluntary Reserves
3     Approve Transfer of Emergency Reserves,   For       For        Management
      Balance Standardization Reserve, Social
      Reserve, and Merger Reserve to Voluntary
      Reserves
4     Elect Management Board                    For       For        Management
5     Approve General Meeting Guidelines;       For       For        Management
      Present Board Guidelines Report
6     Authorize Board to Transfer Gas           For       For        Management
      Distribution Activities to Gas Natural
      Distribucion SDG, S.A.
7     Authorize Repurchase of Shares            For       For        Management
8     Reelect PriceWaterhouseCoopers, S.L. as   For       For        Management
      Auditors
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
10    Allow Questions                           None      None       Management


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GECINA

Ticker:                      Security ID:  FR0000131518
Meeting Date: DEC 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Location of Registered             For       For        Management
      Office/Headquarters
2     Approve Acquisition of Simco              For       For        Management
3     Issue 647,262 Shares in Connection with   For       For        Management
      an Acquisition
4     Approve Accounting Treatment of the       For       For        Management
      Premium Consequent to the Acquisition of
      Simco
5     Assume Debt (3.25 Percent Convertible     For       For        Management
      Bonds) Issued by Simco
6     Amend Terms of Outstanding Options        For       For        Management
      Granted by Simco in Connection with
      Acquisition by Company
7     Confirm Acquisition of Simco as of Dec.   For       For        Management
      31, 2003
8     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
9     Amend Articles to Reflect Changes in      For       For        Management
      Capital
10    Approve a 2-for-1 Stock Split             For       For        Management
11    Amend Articles Re: Mandatory Conversion   For       Against    Management
      of Bearer Shares to Registered Shares
12    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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GECINA

Ticker:                      Security ID:  FR0010040865
Meeting Date: JUN 2, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Standard Accounting Transfers     For       For        Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.35 per Common Share
      and EUR 0.65 per SIIC Share
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Reelect Anne-Marie De Chalambert as       For       For        Management
      Director
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 400,000
8     Confirm End of Term of F.M Richard et     For       For        Management
      Associes SA and Ernst & Young as
      Auditors, and Sylvain Elkaim and
      Dominique Duret-Ferrari as Alternate
      Auditors
9     Confirm Resignation of Mazars & Guerard   For       For        Management
      as Third Auditors and Patrick de Cambourg
      as Alternate Auditor
10    Ratify Mazars & Guerard as Auditors       For       For        Management
11    Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
12    Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditors
13    Ratify Pierre Coll as Alternate Auditors  For       For        Management
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of EUR 1.5 Billion
16    Approve Stock Option Plan Grants          For       Against    Management
17    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 150 Million
18    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 150 Million
19    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 150 Million for Bonus Issue or
      Increase in Par Value
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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GRAFTON GROUP PLC

Ticker:                      Security ID:  IE0031844511
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAY 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
2a    Reappoint G. Bowler as a Director         For       For        Management
2b    Reappoint R. Jewson as a Director         For       For        Management
3     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
4     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to the Nominal Value of the
      Issued Share Capital
5     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital
6     Authorize Company to make Market          For       For        Management
      Purchases of Own Shares
7     Determine Price Range for Reissue of      For       For        Management
      Treasury Shares
8     Approve Cancellation of Redeemable Shares For       For        Management
9     Declare Dividend                          For       For        Management
10    Approve Increase in Authorized Share      For       For        Management
      Capital Through Creation of 'A' Ordinary
      Shares
11    Authorize Contingent Purchase Contract    For       For        Management
      Relating to 'A' Ordinary Shares
12    Amend Articles re: Rights and             For       For        Management
      Restrictions Attached to 'A' Ordinary
      Shares


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GREENCORE GROUP PLC

Ticker:                      Security ID:  IE0003864109
Meeting Date: FEB 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2     Confirm and Declare a Final Dividend of   For       For        Management
      EUR 0.0758 Per Share
3a    Reelect Anthony M. Hynes as a Director    For       For        Management
3b    Reelect Patrick T. Kennedy as a Director  For       For        Management
3c    Reelect P. Redmond O'Donoghue as a        For       For        Management
      Director
3d    Reelect Patrick A. McCann as a Director   For       For        Management
3e    Reelect A. Anne Truelove as a Director    For       For        Management
4     Authorize Directors to Fix Remuneration   For       For        Management
      of Auditors
5     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital
6     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Share Capital
7     Fix Reissue Price For Treasury Shares     For       For        Management
      Under Section 209 of The Irish Companies
      Act
8     Aprove Stock Dividend                     For       For        Management
9     Approve Stock Option Plan                 For       For        Management
10    Amend Stock Option Plan Re: 10 Percent    For       For        Management
      Guideline of the Irish   Association of
      Investment Managers


--------------------------------------------------------------------------------

GROUPE BRUXELLES LAMBERT

Ticker:                      Security ID:  BE0003797140
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Accept Financial Statements and Approve   For       Abstain    Management
      Allocation of Income
3     Approve Discharge of Directors            For       For        Management
4     Approve Discharge of Auditors             For       For        Management
5.1   Reelect Jean-Louis Beffa, VIctor Delloye, For       For        Management
      Maurice Lippens, Aimery
      Langlois-Meurinne, Michel Plessis-Belair,
      Amaury Daniel de Seze, and Jean Stephanne
      as Directors
5.2   Elect Arnaud Vial as Director             For       For        Management
5.3   Appoint Beffa, Lippens, and Stephenne as  For       Against    Management
      Independent Directors in Accordance with
      the Requirements of the Belgian Companies
      Code
5.4   Approve Reappointment of Deloitte and     For       For        Management
      Touche as Statutory Auditor and Set Its
      Yearly Remuneration at EUR 70,000
6     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

GROUPE BRUXELLES LAMBERT

Ticker:                      Security ID:  BE0003797140
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1A    Receive Directors' Special Report         None      Abstain    Management
      Regarding Plans to Increase Share Capital
      within the Framework of Authorized
      Capital
1B    Renew Authorization to Increase Share     For       For        Management
      Capital within the Framework of
      Authorized Capital up to EUR 125 Million
      for Period of Five Years
1C    Authorize Board to Restrict or Cancel     For       For        Management
      Preemptive Rights
1D    Authorize Board to Amend Articles to      For       For        Management
      Reflect Changes in Capital
1E    Authorize Board to Issue Shares in the    For       Against    Management
      Event of a Public Tender Offer or Share
      Exchange Offer
1F    Authorize Board to Effect Share Capital   For       For        Management
      Increase with Issue Premium by Using a
      Special Blocked Account to Provide Third
      Parties with a Guarantee as to Company's
      Actual Share Capital
1G    Amend Articles to Reflect Changes in      For       For        Management
      Capital
1H    Renew Authorization to Increase Share     For       For        Management
      Capital Through Issuance of
      Warrants/Convertible Bonds with or
      without Preemptive Rights within the
      Framework of Authorized Capital up to EUR
      125 Million for Period of Five Years
1I    Authorize Board to Adopt Text of Articles For       For        Management
      After Each Increase in Capital
1J    Authorize Board to Effect Share Capital   For       For        Management
      Increase with Issue Premium by Using a
      Special Blocked Account to Provide Third
      Parties with a Guarantee as to Company's
      Actual Share Capital
1K    Amend Articles Re: Issuance of            For       For        Management
      Warrants/Convertible Bonds
1L    Approve Increase in Share Capital by EUR  For       For        Management
      4,859,676.17 within the Framework of
      Authorized Capital up to EUR 125 Million
      Pursuant to Exercise of 240,118 Stock
      Options
2A    Authorize Repurchase and Cancelation of   For       For        Management
      Up to 13,830,005 of Issued Share Capital
2B    Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
2C    Authorize Board to Cancel Repurchased     For       Against    Management
      Shares in the Event of a Public Tender
      Offer or Share Exchange Offer
2D    Amend Articles to Reflect Modifications   For       For        Management
      under Share Repurchase Authority
3     Amend Articles Re: Recend Changes in      For       For        Management
      Legislation
4     Amend Articles Re: General Matters        For       For        Management
5     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

GROUPE DANONE

Ticker:       DA             Security ID:  FR0000120644
Meeting Date: APR 6, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
2     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, and Consolidated Financial
      Statements
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.675 per Share
4     Ratify Changed Location of Registered     For       For        Management
      Office/Headquarters
5     Reelect Franck Riboud as Director         For       For        Management
6     Reelect Emmanuel Faber as Director        For       For        Management
7     Maintain Jerome Seydoux as Director       For       For        Management
8     Ratify Mazars & Guerard as Auditors       For       For        Management
9     Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
10    Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditor
11    Ratify Anne Monteil as Alternate Auditor  For       For        Management
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 45 Million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 45 Million
15    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
16    Adopt New Articles Pursuant to Amendments For       Against    Management
      to Reflect Financial Security
      legislation, and Amended Corporate
      Purpose
17    Approve 2-for-1 Stock Split               For       For        Management
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

GRUPO DRAGADOS (FRM. DRAGADOS Y CONSTRUCCIONES,)

Ticker:                      Security ID:  ES0127070110
Meeting Date: OCT 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Balance Sheet Dated        For       Against    Management
      4-30-03
2     Approve Acquisition by ACS, Actividades   For       Against    Management
      de Construccion y Servicios SA
3     Authorize Board to Ratify and Execute     For       Against    Management
      Approved Resolutions


--------------------------------------------------------------------------------

GRUPO FERROVIAL S.A

Ticker:                      Security ID:  ES0162601019
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Information Re: Board Guidelines          None      None       Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.60 Per Share
5     Approve Discharge of Management Board     For       For        Management
6     Amend Articles 11, 14, 15 and 20  Re:     For       For        Management
      General Meeting
7     Approve General Meeting Guidelines        For       For        Management
8     Approve Stock Option Plan                 For       For        Management
9     Authorize Share Repurchase Program        For       For        Management
10    Authorize Issuance of Convertible or      For       Against    Management
      Non-Convertible Bonds and/or Warrants
      without Preemptive Rights
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GRUPPO EDITORIALE  L'ESPRESSO

Ticker:                      Security ID:  IT0001398541
Meeting Date: DEC 4, 2003    Meeting Type: Special
Record Date:  NOV 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Cancel April 16, 2003, Resolution Re:     For       For        Management
      Share Repurchase Authority; Approve New
      Authorization to Repurchase Shares and
      Dispose of Repurchased Shares
2     Approve Special Dividends Distribution    For       For        Management


--------------------------------------------------------------------------------

GRUPPO EDITORIALE  L'ESPRESSO

Ticker:                      Security ID:  IT0001398541
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect External Auditors For The           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
1     Adopt New Articles of Association To      For       Against    Management
      Reflect New Italian Company Law
      Regulations


--------------------------------------------------------------------------------

HAGEMEYER NV

Ticker:                      Security ID:  NL0000355477
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Elect B. Bourigeaud BA and M. de Raad to  For       For        Management
      Supervisory Board
6     Elect R. de Becker to Management Board    For       For        Management
7     Ratify Deloitte Accountants as Auditors   For       For        Management
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9.1   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Up to 20 Percent of Issued Share
      Capital
9.2   Grant Board Authority to Exclude          For       For        Management
      Preemptive Rights from Issuance Under
      Item 9.1
10    Discussion about Company's Corporate      None      None       Management
      Governance Report
11    Allow Questions                           None      None       Management
12    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

HEINEKEN NV

Ticker:                      Security ID:  NL0000009157
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income              For       Against    Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Discharge of Supervisory Board    For       For        Management
6     Approve Lowering in Par Value from EUR 2  For       For        Management
      to EUR 1.60 via a 5:4 (Five New Shares
      for Every Four Currently Held) Stock
      Split
7     Amend Articles Re: 5:4 Stock Split;       For       For        Management
      Editorial Changes
8.1   Elect A. Risseeuwto Supervisory Board     For       For        Management
8.2   Elect R. Overgaauw to Supervisory Board   Against   Against    Management
9.1   Elect K. Bueche to Management Board       For       For        Management
9.2   Elect J. Buijs to Management Board        Against   Against    Management
10    Discussion about Company's Corporate      None      None       Management
      Governance Report


--------------------------------------------------------------------------------

HELLENIC TELE. ORG., S.A.

Ticker:       OTE            Security ID:  423325307
Meeting Date: JUN 17, 2004   Meeting Type: ANNUAL
Record Date:  JUN 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify New Directors in place of resinged FOR       FOR        Management
      ones
2     Approve reduction in share capital by     FOR       FOR        Management
      cancellation of 12.8 mln shs.
3     Amend the Articles of Incorporation       FOR       AGAINST    Management
4     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
5     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
6     Dividend/Income Allocation Proposals      FOR       FOR        Management
7     Approve discharge of board and auditors.  FOR       FOR        Management
8     Appointment of the Auditors               FOR       FOR        Management
9     Approve contracts btwn company and board  FOR       AGAINST    Management
      and grant a proxy for the conclusion of
      these contracts.
10    Approve remuneration of directors for     FOR       FOR        Management
      2003 and determine their remuneration for
      2004.
11    Approve remuneration of chairman of the   FOR       FOR        Management
      board, managing director and executive
      vice chairman for 2003 and determine
      their remuneration for 2004.
12    Approve termination of employment         FOR       FOR        Management
      agreements w/ former chairman, managing
      director and executive vice chairman.
13    Election of the Directors                 FOR       FOR        Management


--------------------------------------------------------------------------------

HELLENIC TELE. ORG., S.A.

Ticker:       OTE            Security ID:  423325307
Meeting Date: DEC 1, 2003    Meeting Type: SPECIAL
Record Date:  NOV 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Repurchase of Capital Stock               FOR       FOR        Management


--------------------------------------------------------------------------------

HERMES INTERNATIONAL

Ticker:                      Security ID:  FR0000052292
Meeting Date: JUN 8, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Discharge of Directors            For       For        Management
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.70 per Share
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

HYPO REAL ESTATE HOLDING AG

Ticker:                      Security ID:  DE0008027707
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Approve Creation of EUR 201.1 Million     For       For        Management
      Pool of Conditional Capital with
      Preemptive Rights
6     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 450
      Million with Preemptive Rights; Approve
      Creation of EUR 40.2 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
7     Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members
8     Approve Conversion of Preference Shares   For       For        Management
      into Common Shares
9     Special Resolution for Holders of Common  For       For        Management
      Shares: Approve Conversion of Preference
      Shares into Common Shares
10    Amend Articles Re: Supervisory Board      For       For        Management
11    Elect Ferdinand Graf von Ballestrem,      For       For        Management
      Antoine Jeancourt-Galignani, Pieter
      Korteweg, Robert Mundheim, Klaus Pohle,
      and Kurt Viermetz to the Supervisory
      Board
12    Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

IBERDROLA S.A.

Ticker:                      Security ID:  ES0144580018
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Dividends, and Discharge
      Directors
2     Adopt New Articles of Association         For       For        Management
3     Approve General Meeting Guidelines;       For       For        Management
      Information on Board Guidelines
4     Approve Merger by Absorption of           For       For        Management
      Subsidiaries Iberdrola Gas S.A. and Star
      21 Networks Espana, S.A.
5     Authorize Issuance of Convertible Bonds   For       For        Management
      and/or Warrants without Preemptive Rights
      with a Maximum Limit of EUR 1 Billion
6     Authorize Issuance of Convertible Bonds   For       For        Management
      and/or Warrants with Preemptive Rights
      with a Maximum Limit of EUR 1 Billion
7     Authorize Issuance of Bonds/Debentures up For       For        Management
      to Aggregate Nominal Amount of EUR 1.2
      Billion, or EUR 1.5 Billion in the Case
      of Debentures
8     Authorize Repurchase of Shares and Reduce For       For        Management
      Capital Via Cancellation of Repurchased
      Shares
9     Approve Listing of Shares on Secondary    For       For        Management
      Exchanges in Spain or Overseas
10    Approve Creation of Foundations           For       For        Management
11    Approve Auditors                          For       For        Management
12    Ratify Appointment of Directors           For       For        Management
13    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

IBERIA LINEAS AEREAS DE ESPANA

Ticker:                      Security ID:  ES0147200036
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Allocation of
      Income, and Discharge Directors
2     Reelect Deloitte & Touche Espana S.L. as  For       For        Management
      Auditors
3     Amend Articles 27, 28, 36, 37, 38, 40,    For       For        Management
      and 41 Re: General Meeting, Attendance,
      Representation at the Meetings, Approval
      of Resolutions, Access to Information
4     Approve General Meeting Guidelines        For       For        Management
5     Approve Stock Option Plan for Chairman of For       Against    Management
      Board
6     Approve Remuneration of Directors         For       For        Management
7     Authorize Repurchase of Shares            For       For        Management
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

IHC CALAND NV

Ticker:                      Security ID:  NL0000360584
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2.1   Receive Report of Management Board        None      Did Not    Management
                                                          Vote
2.2   Receive Report of Supervisory Board       None      Did Not    Management
                                                          Vote
2.3   Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
3     Receive Explanation of Company's Reserves None      Did Not    Management
      and Dividend Policy                                 Vote
4     Approve Allocation of Income and          For       Did Not    Management
      Dividends of $1.40 Per Share                        Vote
5.1   Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
5.2   Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
6     Discussion about Company's Corporate      None      Did Not    Management
      Governance Report                                   Vote
7     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
8.1   Grant Board Authority to Issue Ordinary   For       Did Not    Management
      Shares Up to 10 Percent of Issued                   Vote
      Ordinary Share Capital
8.2   Grant Board Authority to Exclude          For       Did Not    Management
      Preemptive Rights from Share Issuance               Vote
      Under Item 8.1
8.3   Grant Board Authority to Issue 240,000    For       Did Not    Management
      Shares for Company's Stock Option Plan              Vote
9     Elect L. Ligthart Supervisory Board       For       Did Not    Management
                                                          Vote
10    Approve Remuneration of Supervisory Board For       Did Not    Management
                                                          Vote
11    Other Business                            None      Did Not    Management
                                                          Vote
12    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

IMERYS (FORMERLY IMETAL)

Ticker:                      Security ID:  FR0000120859
Meeting Date: MAY 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 7.50 per Share
5     Reelect Paul Desmarais, Jr. as            For       For        Management
      Supervisory Board Member
6     Reelect Jocelyn Lefebvre as Supervisory   For       Against    Management
      Board Member
7     Reelect Eric Le Moyne de Serigny as       For       For        Management
      Supervisory Board Member
8     Reelect Yves-Rene Nanot as Supervisory    For       For        Management
      Board Member
9     Reelect Edouard de Rothschild as          For       For        Management
      Supervisory Board Member
10    Appoint Ernst & Young Audit and Deloitte  For       For        Management
      Touche Tohmatsu as Auditors and Jean-Marc
      Montserrat and BEAS as Alternate Auditors
11    Approve Terms of Amended and Restated     For       For        Management
      2000 Employee Stock Purchase Plan
      Reserved for Employees of American
      Subsidiaries
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Approve Four-for-One Stock Split          For       For        Management
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 60 Million
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 60 Million
16    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 60 Million for Bonus Issue or
      Increase in Par Value
17    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      90 Million
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Amend Article 24 in Accordance with 2003  For       Against    Management
      Legal Changes Re: Related-Party
      Transactions
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

IMMOFINANZ IMMOBILIEN ANLAGEN AG

Ticker:                      Security ID:  AT0000809058
Meeting Date: SEP 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management and       For       Did Not    Management
      Supervisory Board                                   Vote
4     Ratify Auditors                           For       Did Not    Management
                                                          Vote
5     Approve Creation of EUR 87 Million Pool   For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
6     Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
7     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
8     Amend Articles Re: Takeover Regulations   For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

INDEPENDENT NEWS & MEDIA PLC (FRM. INDEP.NEWSPAPERS)

Ticker:                      Security ID:  IE0004614818
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  JUN 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Adopt Financial Statements    For       Abstain    Management
      and Reports of the Directors and Auditors
2     Declare Final Dividend                    For       For        Management
3.1   Reelect L.P. Healy as Director            For       For        Management
3.2   Reelect P.M  Cosgrove as Director         For       For        Management
3.3   Reelect V.C. Crowley as Director          For       For        Management
3.4   Reelect I.G. Falton as Director           For       For        Management
3.5   Reelect Sen. M.N. Haynes as Director      For       For        Management
3.6   Reelect G.K. O'Reilly as Director         For       For        Management
3.7   Reelect B.E. Somers as Director           For       For        Management
3.8   Reelect Baroness M. Jay as Director       For       For        Management
3.9   Reelect F. Murray as Director             For       For        Management
3.10  Reelect B. Hillary as Director            For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
6     Consider and Authorize Company to Convene None      None       Management
      Next AGM at any Location Outside the
      State


--------------------------------------------------------------------------------

INDEPENDENT NEWS & MEDIA PLC (FRM. INDEP.NEWSPAPERS)

Ticker:                      Security ID:  IE0004614818
Meeting Date: JUN 28, 2004   Meeting Type: Special
Record Date:  JUN 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management
2     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities for Cash without
      Preemptive Rights


--------------------------------------------------------------------------------

INDRA SISTEMAS SA

Ticker:                      Security ID:  ES0118594417
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports; Approve Allocation of Income
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Discharge of Management Board     For       For        Management
4     Approve Merger Balance Sheet; Approve     For       For        Management
      Merger by Absorption of Sistemas
      Integrales Indraseg S.L.
5     Amend Articles 14 Re: Remote Voting,      For       For        Management
      Representation and Voting Rights
6     Approve Changes to General Meeting        For       For        Management
      Guidelines
7     Accept Report on Changes to the Board     For       For        Management
      Guidelines
8     Fix Number of Directors; Elect Directors  For       For        Management
9     Approve Remuneration of Directors         For       For        Management
10    Approve Auditors                          For       For        Management
11    Authorize Share Repurchase Program        For       For        Management
12    Allow Questions                           For       For        Management
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

INDUSTRIA DE DISENO TEXTIL (INDITEX)

Ticker:                      Security ID:  ES0148396015
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements and Statutory
      Reports; Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Elect Directors                           For       For        Management
4     Amend Articles Re: General Meetings,      For       For        Management
      Voting Rights, Adoption of Resolutions,
      Board Composition, Quorum Requirements,
      and Establishment of Audit Committee
5     Approve Board Guidelines                  For       For        Management
6     Authorize Repurchase of shares            For       For        Management
7     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

INFINEON TECHNOLOGIES AG

Ticker:                      Security ID:  DE0006231004
Meeting Date: JAN 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
3     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
4     Ratify KPMG as Auditors                   For       For        Management
5     Amend Articles Re: Amend 2002 Conditional For       For        Management
      Capital Issuance by  Increasing the Pool
      of Capital by an Additional EUR 55
      Million
6     Approve Creation of EUR 30 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
7     Amend Articles Re: Amend 2002 Issuance of For       For        Management
      Convertible Bonds and/or Bonds with
      Warrants Attached up to Aggregate Nominal
      Amount of EUR 4 Billion with Preemptive
      Rights


--------------------------------------------------------------------------------

ING GROEP NV

Ticker:       ING            Security ID:  NL0000303600
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Receive Reports of Management and         None      Abstain    Management
      Supervisory Boards
2.2   Receive Explanation of Reserves and       None      None       Management
      Dividend Policy
3.1   Approve Financial Statements of 2003      For       Abstain    Management
3.2   Approve Dividends                         For       For        Management
4     Ratify Ernst & Young Accountants as       For       For        Management
      Auditors
5.1   Approve Discharge of Management Board     For       For        Management
5.2   Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7.1   Approve Remuneration Policy of Management For       For        Management
      Board
7.2   Approve Long-Term Incentive Plan (50      For       For        Management
      Percent Stock Options and 50 Percent
      Performance Shares)
8     Amend Articles Re: Binding Director       For       For        Management
      Nominations; Establish Profile on
      Expertise and Ethical Standards for
      Directors; Approve Remuneration Policy
      for Management Board; Threshold for
      Submitting Shareholder Proposals; Reduce
      Par Value of B Preference Share
9.1   Elect E. Boyer de la Giroday as New       For       For        Management
      Member of Management Board
9.2   Elect E. Leenaars as New Member of        For       For        Management
      Management Board
9.3   Elect H. Verkoren as New Member of        For       For        Management
      Management Board
10    Elect E. Bourdais de Charbonniere as New  For       For        Management
      Member of Supervisory Board
11    Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Restricting/Excluding Preemptive
      Rights Up to 20 Percent of Issued Capital
      and All Authorized Yet Unissued B
      Preference Shares Restricting/Excluding
      Preemptive Rights
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Other Business                            None      Against    Management


--------------------------------------------------------------------------------

IRISH LIFE AND PERMANENT PLC (FRM. IRISH PERMANENT)

Ticker:                      Security ID:  IE0004678656
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       For        Management
      and Statutory Reports
2     Declare a Final Dividend                  For       For        Management
3a    Reelect Denis Casey as a Director         For       For        Management
3b    Reelect Kieran McGowan as a Director      For       For        Management
3c    Reelect Kevin Murphy as a Director        For       For        Management
3d    Reelect Finbar Sheehan as a Director      For       For        Management
3e    Reelect David Went as a Director          For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
5     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
6     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital


--------------------------------------------------------------------------------

ITALCEMENTI SPA

Ticker:                      Security ID:  IT0001465159
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors;  Determine Directors'
      Term
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
4     Approve Remuneration of Members of the    For       For        Management
      Remuneration Committee, the Internal
      Control Committee, and the Company's
      Monitoring Organism
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

JERONIMO MARTINS

Ticker:                      Security ID:  PTJMT0AE0001
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Amend Articles                            For       For        Management
6     Authorize EUR 150 Million Capital         For       For        Management
      Increase Through Issuance of 30 Million
      New Shares at EUR 5 per Share; Amend
      Article 5 Accordingly
7     Elect Board Committees for 2004-2006      For       For        Management
8     Elect Members to Remuneration Committee   For       For        Management


--------------------------------------------------------------------------------

KBC BANK AND INSURANCE HOLDING COMPANY

Ticker:                      Security ID:  BE0003565737
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income and Gross Dividend
      of EUR 1.64 per Share
4     Approve Discharge of Directors            For       For        Management
5     Approve Discharge of Auditors             For       For        Management
6.1   Reelect Willy Duron, Emile Celis,         For       For        Management
      Christin Defrancq, Rik Donckels, Frans
      Florquin, Xavier Lienart, Paul Peeters,
      Patrick Vanden Avenne, Germain
      Vantieghem, and Marc Wittemans as
      Directors
6.2   Reelect Willy Breesch and Alfons Wouters  For       Against    Management
      as Directors and Confirm Them as
      Independent Directors
6.3   Confirm Jozef Cornu and Herwig Langohr as For       Against    Management
      Independent Directors
6.4   Reappoint Ernst & Young as Auditors and   For       For        Management
      Fix Their Remuneration
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

KBC BANK AND INSURANCE HOLDING COMPANY

Ticker:                      Security ID:  BE0003565737
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Special Report         None      Abstain    Management
      Regarding Plans to Increase Share Capital
      within the Framework of Authorized
      Capital
2     Renew Authorization to Increase Share     For       For        Management
      Capital within the Framework of
      Authorized Capital up to EUR 200 Million
      for Period of Five Years
3     Amend Articles Re: Delete Transitional    For       For        Management
      Provision Concerning Bond Loan
4     Authorize Board to Repurchase Shares in   For       Against    Management
      the Event of a Public Tender Offer or
      Share Exchange Offer
5     Amend Articles Re: Independent Directors  For       For        Management
6     Amend Articles Re: Board's Executive      For       For        Management
      Committee
7     Amend Articles Re: Allocation of Profit   For       For        Management
8     Renew Authorization to Increase Share     For       For        Management
      Capital Through Issuance of
      Warrants/Convertible Bonds with or
      without Preemptive Rights within the
      Framework of Authorized Capital up to EUR
      200 Million for Period of Five Years
9     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

KCI KONECRANES INTERNATIONAL CORP.

Ticker:                      Security ID:  FI0009005870
Meeting Date: MAR 4, 2004    Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
1.2   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.3   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1 Per Share
1.4   Approve Discharge of Board and President  For       For        Management
1.5   Fix Number of Directors                   For       For        Management
1.6   Approve Remuneration of Directors         For       For        Management
1.7   Reelect Matti Kavetvuo as Director        For       For        Management
1.8   Appoint Auditors and Deputy Auditors      For       For        Management
2     Amend Articles Re: Decrease Term of       For       For        Management
      Directors From Three Years to One Year
3     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

KERRY GROUP PLC

Ticker:                      Security ID:  IE0004906560
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividends                         For       For        Management
3a1   Reelect D. Buckley as a Director          For       For        Management
3a2   Reelect F. Healy as a Director            For       For        Management
3a3   Reelect T. Horan as a Director            For       For        Management
3a4   Reelect D. O'Connor as a Director         For       For        Management
3a5   Reelect M. Sullivan  as a Director        For       For        Management
3b1   Reelect K. Kelly as a Director            For       For        Management
3b2   Reelect B. Mehigan as a Director          For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to the Amount of the Authorized
      but Unissued Share Capital
6     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital


--------------------------------------------------------------------------------

KLEPIERRE

Ticker:                      Security ID:  FR0000121964
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2 per Share
5     Approve Stock Dividend Program            For       For        Management
6     Reelect Jean Nunez as Supervisory Board   For       Against    Management
      Member
7     Reelect Laurent Treca as Supervisory      For       For        Management
      Board Member
8     Reelect Bertrand Letamendia as            For       For        Management
      Supervisory Board Member
9     Reelect Bertrand Jacquillat as            For       For        Management
      Supervisory Board Member
10    Reelect Christian Manset as Supervisory   For       Against    Management
      Board Member
11    Reelect Vivien Levy-Garboua as            For       Against    Management
      Supervisory Board Member
12    Reelect Bertrand de Feydeau as            For       For        Management
      Supervisory Board Member
13    Elect Jerome Bedier as Supervisory Board  For       For        Management
      Member
14    Elect Dominique Hoenn as Supervisory      For       For        Management
      Board Member
15    Appoint Cabinet Mazars et Guerard as      For       For        Management
      Auditors and Patrick de Cambourg as
      Deputy Auditors
16    Appoint Cabinet Ernst & Young Audit as    For       For        Management
      Auditors and Christian Mouillon as Deputy
      Auditors
17    Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      150,000
18    Authorize Share Repurchase                For       For        Management
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 60 Million
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 60 Million
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
23    Amend Articles to Enable Directors to     For       Against    Management
      Retire by Rotation
24    Amend Articles of Association to Reflect  For       Against    Management
      2003 Financial Security Legislation Re:
      Shareholding Disclosure and Related Party
      Transactions
25    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

KLEPIERRE

Ticker:                      Security ID:  FR0000121964
Meeting Date: SEP 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Vivien Levy as Supervisory Board    For       For        Management
      Member
2     Amend Articles of Association to Conform  For       For        Management
      with New Tax Code for Real Estate
      Companies
3     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

KONE CORPORATION

Ticker:                      Security ID:  FI0009000566
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements Reports      None      Abstain    Management
1.2   Receive Auditors' Reports                 None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income              For       For        Management
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Determine Number of Members and Deputy    For       For        Management
      Members of Board; Approve Remuneration of
      Board
1.7   Ratify Auditors; Approve Remuneration of  For       For        Management
      Auditors
1.8   Elect Directors                           For       For        Management
1.9   Ratify Auditors                           For       For        Management
2     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
3     Authorize Reissuance of Repurchased       For       For        Management
      Shares
4     Confirm Stock Option Plan for Key         For       For        Management
      Employees Approved at Nov. 17, 2000, EGM;
      Confirm Creation of EUR 1.05 Million Pool
      of Conditional Capital to Guarantee
      Conversion Rights


--------------------------------------------------------------------------------

L'AIR LIQUIDE

Ticker:       AIQUY          Security ID:  FR0000120073
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 4.80 per Share
4     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
5     Elect Rolf Krebs as Supervisory Board     For       Against    Management
      Member
6     Reelect Edouard Royere as Supervisory     For       Against    Management
      Board Member
7     Ratify Ernst & Young as Auditors          For       For        Management
8     Ratify Mazars & Guerard as Auditors       For       For        Management
9     Ratify Valerie Quint as Alternate Auditor For       For        Management
10    Ratify Patrick De Cambourg as Alternate   For       For        Management
      Auditor
11    Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
12    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregat Value of Up to EUR 4 Billion
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Increase in Capital by          For       Against    Management
      Capitalization of Reserves or by Issuance
      of Equity or Equity-Linked Securities
      with and without Preemptive Rights for an
      Aggregate Nominal Amount Up to EUR 2
      Billion
15    Authorize Issuance of Convertible Bonds   For       Against    Management
      with and without Preemptive Rights and
      Approve Creation of EUR 1.5 Billion Pool
      of Conditional Capital to Guarantee
      Conversion Rights
16    Approve Stock Option Plan Grants          For       For        Management
17    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

L'OREAL

Ticker:       LORLY          Security ID:  FR0000120321
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Remove Double-Voting Rights for Long-Term For       For        Management
      Registered Shareholders and Amend
      Articles of Association Accordingly


--------------------------------------------------------------------------------

L'OREAL

Ticker:       LORLY          Security ID:  FR0000120321
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Remove Double-Voting Rights for Long-Term For       For        Management
      Registered Shareholders, Pending Approval
      of Item 3
2     Amend Articles of Association to Allow    For       For        Management
      Registered Shareholders to Register
      Holdings in Their Name by the Day of the
      Meeting, Pending Approval of Item 3
3     Approve Merger by Absorption of Gesparal; For       For        Management
      Approve Dissolution of Gesparal without
      Liquidation
4     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of L'Oreal Shares Held by
      Gesparal
5     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

L'OREAL

Ticker:       LORLY          Security ID:  FR0000120321
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.10 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Rainer E. Gut as Director         For       Against    Management
6     Elect Bernard Kasriel as Director         For       Against    Management
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 1 Million
8     Appoint PricewaterhouseCoopers Audit as   For       For        Management
      Auditors and Yves Nicolas as Deputy
      Auditor
9     Appoint Deloitte Touche Tohmatsu Audit as For       For        Management
      Auditors and Jean-Paul Picard as Deputy
      Auditor
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

LAFARGE

Ticker:       LFGCY          Security ID:  FR0000120537
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income, Dividends   For       For        Management
      of EUR 3.45 per Share, and Stock Dividend
      Program
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Ratify Cooptation of Juan Gallardo as     For       For        Management
      Director
6     Reelect Jean Keller as Director           For       For        Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissunace of
      Repurchased Shares
8     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

LAGARDERE S.C.A.

Ticker:                      Security ID:  FR0000130213
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.35 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Reelect Raymond H. Levy as Supervisory    For       For        Management
      Board Member
7     Reelect Pehr G. Gyllenhammar as           For       For        Management
      Supervisory Board Member
8     Reelect Pierre Lescure as Supervisory     For       For        Management
      Board Member
9     Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
10    Reelect Felix G. Rohatyn as Supervisory   For       For        Management
      Board Member
11    Reelect Groupama S.A. as Supervisory      For       For        Management
      Board Member
12    Reelect Manfred Bischoff as Supervisory   For       For        Management
      Board Member
13    Reelect George Chaudron de Courcel as     For       For        Management
      Supervisory Board Member
14    Reelect Christian Marbach as Supervisory  For       For        Management
      Board Member
15    Reelect Bernard Mirat as Supervisory      For       For        Management
      Board Member
16    Elect Bernard Arnaud as Supervisory Board For       Against    Management
      Member
17    Elect Dr. Hubert Burda as Supervisory     For       Against    Management
      Board Member
18    Elect Rene Carron as Supervisory Board    For       Against    Management
      Member
19    Elect Henri Proglio as Supervisory Board  For       Against    Management
      Member
20    Elect Francois Roussely as Supervisory    For       Against    Management
      Board Member
21    Appoint Bernard Esambert as Censor        For       For        Management
22    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 600,000
23    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Nominal Value of EUR 3
      Billion
24    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 300 Million
25    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 300 Million
26    Authorize Capital Increase of Up to EUR   For       For        Management
      300 Million for Future Exchange Offers
27    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 300 Million for Bonus Issue or
      Increase in Par Value
28    Set Global Limit for Capital Increase to  For       For        Management
      Result from Issuance Requests Pursuant to
      Items 24, 25 and 26 at EUR 300 Million
29    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
30    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
31    Approve Stock Option Plan Grants          For       For        Management
32    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes to French Commercial
      Code Re: Related-Party Transactions
33    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

LINDE AG

Ticker:                      Security ID:  DE0006483001
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.13 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Amend Articles Re: Designate Electronic   For       For        Management
      Publications for Meeting Anouncements and
      Invitations to Shareholder Meetings


--------------------------------------------------------------------------------

LUXOTTICA GROUP S.P.A.

Ticker:       LUX            Security ID:  IT0001479374
Meeting Date: JUN 17, 2004   Meeting Type: Annual/Special
Record Date:  JUN 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividend Distribution             For       For        Management
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Remuneration of Board of          For       For        Management
      Directors and of Executive Committee
      Members For Fiscal Year 2004
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

LVMH MOET HENNESSY LOUIS VUITTON

Ticker:       LVMHY          Security ID:  FR0000121014
Meeting Date: MAY 13, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 0.85 per Share
5     Ratify Cooptation and Reelect Delphine    For       Against    Management
      Arnault as Director
6     Reelect Bernard Arnault as Director       For       Against    Management
7     Reelect Jean Arnault as Director          For       Against    Management
8     Reelect Nicholas Clive-Worms as Director  For       Against    Management
9     Reelect Felix G. Rohatyn as Director      For       Against    Management
10    Elect Patrick Houel as Director           For       Against    Management
11    Elect Hubert Vedrine as Director          For       Against    Management
12    Appoint Kilian Hennesy as Censor          For       For        Management
13    Ratify Deloitte Touche Tohmatsu Audit as  For       For        Management
      Auditors
14    Ratify Ernst & Young Audit as Auditors    For       For        Management
15    Ratify Denis Grison as Alternate Auditor  For       For        Management
16    Ratify Dominique Thouvenin as Alternate   For       For        Management
      Auditor
17    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
18    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 1.14 Million
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Amend Articles of Association Re: Board   For       For        Management
      Size and Terms of Directors, Minimum
      Share Ownership Requirement for Board
      Members, Role of Chairman, and Editorial
      Changes


--------------------------------------------------------------------------------

MAN AG

Ticker:                      Security ID:  DE0005937007
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
6     Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members and Amendment to the Articles
7     Approve Affiliation Agreements with a     For       For        Management
      Subsidiary (MAN Altersversorgung GmbH)
8     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors


--------------------------------------------------------------------------------

MAYR MELNHOF KARTON AG

Ticker:                      Security ID:  AT0000938204
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
6     Ratify Auditors                           For       Did Not    Management
                                                          Vote
7     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote


--------------------------------------------------------------------------------

MEDIASET SPA

Ticker:       MDIEY          Security ID:  IT0001063210
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Adopt New Articles of Association To      For       Against    Management
      Reflect New Italian Company Law
      Regulations


--------------------------------------------------------------------------------

MEDIOBANCA SPA

Ticker:                      Security ID:  IT0000062957
Meeting Date: OCT 28, 2003   Meeting Type: Annual/Special
Record Date:  OCT 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors
3     Appoint Internal Statutory Auditors;      For       For        Management
      Approve Remuneration of Auditors
4     Appoint External Auditors                 For       For        Management


--------------------------------------------------------------------------------

MEDIOBANCA SPA

Ticker:                      Security ID:  IT0000062957
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Cancel One
      Article from the Bylaws, Introduce One
      New Article, and Renumber Articles of
      Association
2     Approve Increase in Share Capital in the  For       For        Management
      Order of EUR 7.5 Million Pursuant to
      Share Option Scheme In Favor of Directors
      and Employees; Amend Article 4 of the
      Bylaws Accordingly


--------------------------------------------------------------------------------

MEDIOLANUM SPA

Ticker:                      Security ID:  IT0001279501
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

MERCK KGAA

Ticker:                      Security ID:  DE0006599905
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.80 per Share
4     Approve Discharge of Personally Liable    For       For        Management
      Partners
5     Approve Discharge of Supervisory Board    For       For        Management
6     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
7     Elect Karl-Ludwig Kley and Wilhelm Simson For       For        Management
      to Supervisory Board
8     Approve Creation of EUR 64.3 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights


--------------------------------------------------------------------------------

METSO CORPORATION (FORMERLYVALMET-RAUMA CORPORATION)

Ticker:       MX             Security ID:  FI0009007835
Meeting Date: APR 6, 2004    Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Abstain    Management
1.2   Receive Auditor's Report                  None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.20 Per Share
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Fix Number of Directors                   For       For        Management
1.7   Approve Remuneration of Directors and     For       For        Management
      Auditors
1.8   Elect Directors                           For       For        Management
1.9   Ratify Auditors                           For       For        Management
2     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
3     Authorize Reissuance of Repurchased       For       For        Management
      Shares
4     Approve Issuance of Shares, Convertible   For       For        Management
      Bonds, or Stock Options without
      Preemptive Rights; Reserve 12.5 Million
      Shares for Issuance


--------------------------------------------------------------------------------

MICHELIN ET CIE.

Ticker:                      Security ID:  FR0000121261
Meeting Date: MAY 14, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.395 per Share
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Eric Bourdais de Charbonniere as  For       For        Management
      Supervisory Board Member
6     Reelect Francois Grappotte as Supervisory For       For        Management
      Board Member
7     Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
8     Ratify Pierre Coll as Alternate Auditor   For       For        Management
9     Ratify Corevise as Auditors               For       For        Management
10    Ratify Jacques Zaks as Alternate Auditor  For       For        Management
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Approve Stock Option Plan Grants          For       For        Management
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan


--------------------------------------------------------------------------------

MILLENIUM BCP (FORMERLY BANCO COMERCIAL PORTUGUES S.A.   )

Ticker:       BPC            Security ID:  PTBCP0AM0007
Meeting Date: MAR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Amend Articles                            For       For        Management
5     Ratify Appointment of Superior Council    For       For        Management
      Member
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Authorize Repurchase and Reissuance of    For       For        Management
      Bonds


--------------------------------------------------------------------------------

MLP AG(FRMLY MARSCHOLLEK, LAUTENSCHLAEGER UND PARTNER AG)

Ticker:                      Security ID:  DE0006569908
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.15 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify Ernst & Young AG as Auditors       For       For        Management


--------------------------------------------------------------------------------

MOBISTAR SA

Ticker:                      Security ID:  BE0003735496
Meeting Date: DEC 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Brigitte Bourgoin as Director;      For       For        Management
      Confirm Resignation of Former Directors;
      Elect S. Ahuja, T. Lowry, R. Brennan, L.
      Tordeurs, and A. Neyts as Directors;
      Reelect A. Brabers and Sparaxis SA as
      Directors
2     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

MOBISTAR SA

Ticker:                      Security ID:  BE0003735496
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Accept Financial Statements and           For       Abstain    Management
      Allocation of Income
4     Approve Discharge of Directors and        For       For        Management
      Auditors
5     Amend Articles Re: Board Committees       For       For        Management
6     Authorize Implementation of Approved      For       For        Management
      Resolutions and Filing of Required
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG

Ticker:                      Security ID:  DE0008430026
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.25 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Ulrich Hartmann, Henning Kagermann, For       For        Management
      Hubert Merkl, Wolfgang Mayrhuber, Karel
      van Miert, Heinrich von Pierer, Bernd
      Pischetsrieder, Hans-Juergen Schinzler,
      Albrecht Schmidt, and Ron Sommer to the
      Supervisory Board
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
7     Approve Creation of EUR 280 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights


--------------------------------------------------------------------------------

NATIONAL BANK OF GREECE

Ticker:       NBG            Security ID:  633643408
Meeting Date: MAY 18, 2004   Meeting Type: ANNUAL
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
2     Financial Statements, Directors' and      UNKNOWN   ABSTAIN    Management
      Auditors' Reports
3     Accept modified balance sheet of the      FOR       FOR        Management
      absorbed companies: Hellenic Hotel
      Tourism Enterprises, National Research
      Landed and Touristic Co SA and Olympias
      Tourism and Hotels for the period of
      01.01.03 to 09.30.03
4     DIscharge of bd and auditors of bank and  FOR       FOR        Management
      absorbed subsidiaries.
5     Election of the Directors                 FOR       FOR        Management
6     Approve remuneration of directors for     FOR       FOR        Management
      fiscal years 2003 and 2004.
7     Approve remuneration of non-executive     FOR       FOR        Management
      dirs in their capacity as audit comm
      members.
8     Approve participation of dirs and mgmt in FOR       FOR        Management
      bd of dir or mgmt of co pursuing similar
      or related business goals
9     Election of the Directors                 FOR       FOR        Management
10    Appointment of the Auditors               FOR       FOR        Management
11    Increase the Authorized Common Stock      FOR       FOR        Management
12    Repurchase of Capital Stock               FOR       FOR        Management
13    Announcement of the bank's new            FOR       FOR        Management
      organizational structure, establishment
      of general managers
14    Amend the Articles of Incorporation       FOR       FOR        Management
15    Other Business                            FOR       AGAINST    Management


--------------------------------------------------------------------------------

NOKIA CORP.

Ticker:       NKCAF          Security ID:  FI0009000681
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Did Not    Management
                                                          Vote
1.2   Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
1.3   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
1.4   Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
1.5   Fix Number of Directors at Eight (A       For       Did Not    Management
      Reduction from the Current Nine                     Vote
      Directors)
1.6   Approve Remuneration of Directors and     For       Did Not    Management
      Auditors                                            Vote
2     Approve Between EUR 5.7 Million and EUR   For       Did Not    Management
      8.8 Million Reduction in Share Capital              Vote
      via Cancellation of Between 94.5 Million
      and 146 Million Shares
3     Approve Issuance of Shares, Stock         For       Did Not    Management
      Options, or Convertible Bonds up to                 Vote
      Aggregate Nominal Value of EUR 55.5
      Million (Out of Which EUR 3 Million for
      Incentive Plans) without Preemptive
      Rights
4     Authorize Repurchase of Up to 230 Million For       Did Not    Management
      Nokia Shares                                        Vote
5     Authorize Reissuance of 230 Million       For       Did Not    Management
      Repurchased Shares                                  Vote
6     Approve Allocation of EUR 5 Million to    For       Did Not    Management
      Company Foundation to Support the                   Vote
      Scientific Development of the Information
      and Telecommunications Technologies and
      to Promote Education in the Sector
7     Approve Dividends of EUR 0.30 Per Share   For       Did Not    Management
                                                          Vote
8     Reelect Paul Collins, Georg Ehrnrooth,    For       Did Not    Management
      Bengt Holmstroem, Per Karlsson, Jorma               Vote
      Ollila, Marjorie Scardino, Vesa Vainio,
      and Arne Wessberg
9     Reelect PricewaterhouseCoopers as         For       Did Not    Management
      Auditors                                            Vote


--------------------------------------------------------------------------------

NOKIAN TYRES

Ticker:                      Security ID:  FI0009005318
Meeting Date: APR 5, 2004    Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Abstain    Management
1.2   Receive Auditors' Report                  None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.56 Per Share
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Approve Remuneration of Directors and     For       For        Management
      Auditors
1.7   Fix Number of Directors                   For       For        Management
1.8   Elect Directors                           For       For        Management
1.9   Appoint Auditors and Deputy Auditors      For       For        Management
2     Approve Creation of EUR 4 Million Pool of For       For        Management
      Conditional Capital without Preemptive
      Rights
3     Approve Stock Option Plan for Employees;  For       Against    Management
      Approve Creation of EUR 1.5 Million Pool
      of Conditional Capital to Guarantee
      Conversion Rights


--------------------------------------------------------------------------------

NUMICO N.V.(FORMERLY NUTRICIA N.V.)

Ticker:                      Security ID:  NL0000375558
Meeting Date: JUN 7, 2004    Meeting Type: Special
Record Date:  JUN 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Amend Articles Re: Make Changes to        For       For        Management
      Reflect Dutch Corporate Governance Code;
      Discontinue Use of Depositary Receipts;
      Increase Authorized Share Capital from
      EUR 115 Million to EUR 200 Million;
      Mandatory Takeover Bid Threshold
3     Other Business (Non-Voting)               None      Against    Management
4     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

NUMICO N.V.(FORMERLY NUTRICIA N.V.)

Ticker:                      Security ID:  NL0000375558
Meeting Date: SEP 23, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Elect P. Wold-Olsen to Supervisory Board  For       For        Management
2.2   Elect H. Lindenbergh to Supervisory Board For       For        Management
3     Discussion on Possible Measures to Be     None      None       Management
      Taken Due to Negative Shareholders'
      Equity in Accordance with Article 2:108A
      of Dutch Civil Code
4     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

NUMICO N.V.(FORMERLY NUTRICIA N.V.)

Ticker:                      Security ID:  NL0000375558
Meeting Date: NOV 3, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Sale of General Nutrition         For       For        Management
      Companies (GNC) for a Consideration of
      $750 Million
3     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

NUMICO N.V.(FORMERLY NUTRICIA N.V.)

Ticker:                      Security ID:  NL0000375558
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Discussion about Company's Corporate      None      None       Management
      Governance Report
3     Receive Report of Management Board        None      Abstain    Management
4.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.3   Approve the Omission of Dividends for     For       For        Management
      Fiscal 2004
4.4   Approve Discharge of Management Board     For       For        Management
4.5   Approve Discharge of Supervisory Board    For       For        Management
5     Elect Barrie Spelling to Supervisory      For       For        Management
      Board
6.1   Reelect Jan Bennink to Management Board   For       For        Management
6.2   Reelect Jean-Marc Huet to Management      For       For        Management
      Board
6.3   Elect Ajai Puri to Management Board       For       For        Management
7     Approve Remuneration Policy for           For       For        Management
      Management Board Members
8     Amend Articles Re: Make Changes to        For       For        Management
      Reflect Dutch Corporate Governance Code;
      Discontinue Use of Depositary Receipts;
      Increase Authorized Share Capital from
      EUR 115 Million to EUR 200 Million;
      Mandatory Takeover Bid Threshold
9     Grant Board Authority to Issue Shares Up  For       For        Management
      to Five Percent of Issued Share Capital
      to Service Employee Share Option Schemes
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
12    Other Business                            None      Against    Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

OCE NV (FORMERLY OCE VAN DER GRINTEN)

Ticker:       OCENY          Security ID:  NL0000354934
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Board of Supervisory    None      Abstain    Management
      Board
3     Receive Report of Management Board        None      Abstain    Management
4.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.2   Approve Dividends                         For       For        Management
5.1   Approve Discharge of Executive Board      For       For        Management
5.2   Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7     Approve Remuneration of Management Board; For       For        Management
      Approve Long-Term Incentive Plan for
      Management Board and 200 Senior
      Executives, Reserving Shares Up to One
      Percent of Issued Share Capital Annually
8     Approve Reserves and Dividend Policy      For       For        Management
9     Grant Board Authority to Issue Ordinary   For       For        Management
      and Financing Preference Shares Up to 50
      Percent of Issued Share Capital
10    Authorize Board to Exclude Preemptive     For       For        Management
      Rights from Share Issuance Under Item 9
      Up to 20 Percent of Issued Share Capital
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12.1  Approve Resignation and Discharge L.      For       For        Management
      Berndsen from Supervisory Board
12.2  Elect M. Arentsen to Supervisory Board    For       For        Management
13    Allow Questions; Close Meeting            For       For        Management


--------------------------------------------------------------------------------

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUN 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Authorize Board to Issue Shares in the    For       Did Not    Management
      Event of a Public Tender Offer or Share             Vote
      Exchange Offer
1.2   Amend Articles of Association to Reflect  For       Did Not    Management
      Item 1.1                                            Vote
2.1   Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
2.2   Amend Articles of Association to Reflect  For       Did Not    Management
      Item 2.1                                            Vote
3.1   Receive Directors' Report on Issuance of  None      Did Not    Management
      10,000 Warrrants                                    Vote
3.2   Receive Directors' and Auditors' Reports  None      Did Not    Management
      on Issuance of 10,000 Warrrants                     Vote
3.3   Authorize Issuance of Warrants without    For       Did Not    Management
      Preemptive Rights to Directors (Duplat,             Vote
      Graulich and Laureys)
3.4   Authorize Issuance of 10,000 Warrants     For       Did Not    Management
      without Preemptive Rights to Directors              Vote
      (Duplat, Graulich and Laureys)
3.5   Approve Terms and Conditions of Warrants  For       Did Not    Management
      Issuance                                            Vote
4     Authorize Board to Implement Approved     For       Did Not    Management
      Resolutions                                         Vote
5.1   Designate Notary to Adopt New Articles of For       Did Not    Management
      Association                                         Vote
5.2   Authorize Implementation of Approved      For       Did Not    Management
      Resolutions and Filing of Required                  Vote
      Documents/Formalities at Trade Registry


--------------------------------------------------------------------------------

ORION-YHTYMA OY

Ticker:                      Security ID:  FI0009800346
Meeting Date: DEC 11, 2003   Meeting Type: Special
Record Date:  DEC 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Dividend of EUR 1.50 Per  For       For        Management
      Share


--------------------------------------------------------------------------------

OUTOKUMPU

Ticker:                      Security ID:  FI0009002422
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
1.2   Receive Auditors' Reports                 None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.20 Per Share
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Fix Number of Directors                   For       For        Management
1.7   Approve Remuneration of Directors         For       For        Management
1.8   Elect Directors                           For       For        Management
1.9   Appoint Auditors and Deputy Auditors      For       For        Management
2     Approve Creation of EUR 30.4 Million Pool For       For        Management
      of Conditional Capital without Preemptive
      Rights
3     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

PERNOD RICARD

Ticker:                      Security ID:  FR0000120693
Meeting Date: MAY 17, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Consolidated Financial            For       Abstain    Management
      Statements, Statutory Reports and
      Discharge Directors
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.96 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Patrick Ricard as Director        For       For        Management
6     Elect Richard Burrows as Director         For       For        Management
7     Elect Pierre Pringuet as Director         For       For        Management
8     Ratify Mazars & Guerard as Auditors       For       For        Management
9     Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditor
10    Approve Expiration of Term of Salustro    For       For        Management
      Reydel as Alternate Auditor
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 864,450
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Nominal Value of Up to EUR
      3 Billion
14    Change Fiscal Year End to June 30 and     For       For        Management
      Amend Articles Accordingly
15    Amend Articles of Association Re: Board   For       For        Management
      Size and Terms of Directors
16    Amend Articles of Association to Reflect  For       For        Management
      2003 Legal Changes Re: Role of Chairman,
      Access to Information, Related-Party
      Transactions, and Auditor Attendance at
      Board Meetings
17    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
18    Approve Stock Option Plan Grants          For       For        Management
19    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 200 Million
21    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

PEUGEOT S.A.

Ticker:                      Security ID:  FR0000121501
Meeting Date: MAY 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.025 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Thierry Peugeot as Supervisory    For       Against    Management
      Board Member
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 340,000
7     Authorize Repurchase of Up to 24 Million  For       For        Management
      Shares
8     Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
9     Approve Stock Option Plan Grants          For       Against    Management


--------------------------------------------------------------------------------

PHILIPS ELECTRONICS NV

Ticker:       PHG            Security ID:  NL0000009538
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.2   Receive Explanation of Corporate          None      None       Management
      Governance Structure
2.3   Receive Explanation of Policy on Reserves None      None       Management
      and Dividends
2.4   Approve Dividends of EUR 0.36 Per Share   For       For        Management
2.5   Approve Discharge of Management Board     For       For        Management
2.6   Approve Discharge of Supervisory Board    For       For        Management
3.1   Reelect Elect K. van Miert to Supervisory For       For        Management
      Board
3.2   Elect E. Kist as New Member of            For       For        Management
      Supervisory Board
4.1   Approve Remuneration Policy of Management For       For        Management
      Board
4.2   Amend 2003 Long-Term Incentive Plan       For       For        Management
      Regarding Distribution of Shares:
      Allocate a Maximum of 2.5 Percent of
      Annual Pool of Shares Reserved for LTIP
      to Management Board on Annual Basis
5     Grant Board Authority to Issue Shares     For       For        Management
      Restricting/Excluding Preemptive Rights
      Up to 20 Percent of Issued Capital
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share  Capital
7     Authorize Board to Set Record Date        For       For        Management
8     Other Business (Non-Voting)               None      Against    Management
9     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

PINAULT-PRINTEMPS-REDOUTE

Ticker:                      Security ID:  FR0000121485
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 2.40 per Share
5     Reelect Patricia Barbizet as Supervisory  For       Against    Management
      Board Member
6     Reelect Francois Henrot as Supervisory    For       For        Management
      Board Member
7     Reelect Rene Barbier de La Serre as       For       For        Management
      Supervisory Board Member
8     Reelect Luca Cordero di Montezemolo as    For       For        Management
      Supervisory Board Member
9     Reelect Francois Pinault as Supervisory   For       For        Management
      Board Member
10    Reappoint KPMG SA as Auditors             For       For        Management
11    Ratify Jean-Claude Andre et Autres as     For       For        Management
      Alternate Auditors
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Change Location of Registered             For       For        Management
      Office/Headquarters
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 200 Million
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 50 Million
17    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

PIRELLI & COMPANY

Ticker:                      Security ID:  IT0000072725
Meeting Date: MAY 10, 2004   Meeting Type: Annual/Special
Record Date:  MAY 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, and Allocation of Income
2     Elect One Director                        For       For        Management
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares; Cancel
      May 7, 2003, Authorization to Repurchase
      Shares
4     Approve Remuneration of Members of the    For       For        Management
      Controlling Board Constituted According
      to the 2001 Law n.231
5     Adopt Rules Governing General Meetings    For       For        Management
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
2     Approve Creation of EUR 600 Million Pool  For       Against    Management
      of Conditional Capital Partially With
      Preemptive Rights; Authorize Issuance of
      Convertible Bonds or Bonds With Warrants
      Attached with Preemptive Rights


--------------------------------------------------------------------------------

POHJOLA GROUP PLC (FORMERLY POHJOLA INSURANCE CO. LTD)

Ticker:                      Security ID:  FI0009000145
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Did Not    Management
                                                          Vote
1.2   Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
1.3   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
1.4   Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1 Per Share                        Vote
1.5   Approve Discharge of Board, President,    For       Did Not    Management
      and Deputy President                                Vote
1.6   Fix Number of Directors at Seven; Approve For       Did Not    Management
      Remuneration of Directors                           Vote
1.7   Approve Remuneration of Auditors          For       Did Not    Management
                                                          Vote
1.8   Reelect Eino Halonen, Heikki Bergholm,    For       Did Not    Management
      Martin Granholm, Kari Puro, and Timo                Vote
      Salonen; Elect Kirsi Aaltio and Maarit
      Toivanen-Koivisto as New Directors
1.9   Ratify PricewaterhouseCoopers as Auditors For       Did Not    Management
                                                          Vote
2     Amend Articles Re: Minimum (EUR 36        For       Did Not    Management
      Million) and Maximum (EUR 198 Million)              Vote
      Size of Issued Share Capital; Amend Range
      for Board Size (Between Five and Seven
      Directors)
3.1   Authorize EUR 2 Million Capitalization of For       Did Not    Management
      Reserves for Bonus Issuance via Increase            Vote
      in Par Value to EUR 0.90
3.2   Authorize EUR 91.4 Million Capitalization For       Did Not    Management
      of Reserves for 2:1 (Two Additional                 Vote
      Shares for Every Share Currently Held)
      Bonus Issuance
3.3   Amend 2001 Stock Option Plan to Reflect   For       Did Not    Management
      Changes in Capital                                  Vote
4     Approve Creation of EUR 5.8 Million Pool  For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights


--------------------------------------------------------------------------------

PORTUGAL TELECOM, SGPS, S.A.

Ticker:       PT             Security ID:  PTPTC0AM0009
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Ratify Appointment of Board Members       For       For        Management
6     Authorize Repurchase of Shares and        For       For        Management
      Reissuance of Repurchased Shares
7     Approve EUR 125.4 Million Reduction in    For       For        Management
      Share Capital via Cancellation of 125.4
      Million Shares
8     Authorize Issuance of Convertible Bonds   For       Against    Management
      without Preemptive Rights
9     Eliminate Preemptive Rights in Connection For       Against    Management
      with Proposed Issuance of Convertible
      Bonds
10    Authorize Issuance of Bonds or Other      For       For        Management
      Securities
11    Approve Bond Repurchase and Reissuance    For       For        Management


--------------------------------------------------------------------------------

PROMOTORA DE INFORMACIONES (FRMELY GRUPO PRISA)

Ticker:                      Security ID:  ES0171743117
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements; Allocation of
      Income
2     Approve Discharge of Board of Directors   For       For        Management
3     Approve Auditors                          For       For        Management
4     Elect Management Board                    For       For        Management
5     Amend Articles Re: Legal Provisions       For       For        Management
      Governing the Company, Competencies,
      General Meeting, Number of Members and
      Duties, Audit Committee, Substitutions
      and Appointments, and Legal Compliance
6     Approve General Meeting Guidelines        For       For        Management
7     Approve Stock Option Plan For Executive   For       For        Management
      Directors and Managers
8     Authorize Repurchase of Shares            For       For        Management
9     Accept Report Re: Board of Directors'     For       Abstain    Management
      Guidelines
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

PROSIEBEN SAT.1 MEDIA AG (FRMLY PROSIEBEN MEDIA AG)

Ticker:                      Security ID:  DE0007771172
Meeting Date: MAY 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Creation of EUR 97.2 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights


--------------------------------------------------------------------------------

PT MULTIMEDIA SERVICOS DE TELECOMUNICACOES E MULTIMEDIA SGPS

Ticker:                      Security ID:  PTPTM0AM0008
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Ratify Appointment of Directors to        For       For        Management
      Management Board
6     Elect Board Committee Members             For       For        Management
7     Authorize Repurchase of Shares            For       For        Management


--------------------------------------------------------------------------------

PUBLICIS GROUPE

Ticker:                      Security ID:  FR0000130577
Meeting Date: JUN 8, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.39 per Share
4     Approve Discharge of Management Board     For       For        Management
5     Approve Discharge of Supervisory Board    For       For        Management
6     Approve Remuneration of Supervisory Board For       For        Management
      Members of EUR 3,500 Each Per Meeting
      Attended and EUR 4,000 Each Per Audit and
      Remuneration and Nomination Committee
      Meeting Attended
7     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
8     Reelect Sophie Dulac as Supervisory Board For       For        Management
      Member
9     Reelect Helene Ploix as Supervisory Board For       For        Management
      Member
10    Reelect Monique Bercault as Supervisory   For       For        Management
      Board Member
11    Reelect Michel Cicurel as Supervisory     For       For        Management
      Board Member
12    Reelect Amaury-Daniel de Seze as          For       For        Management
      Supervisory Board Member
13    Reelect Gerard Worms as Supervisory Board For       For        Management
      Member
14    Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditor
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Authorize Capital Increase to Finance     For       For        Management
      Exchange Offer Regarding Saatchi &
      Saatchi Shares
18    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities or Warrants with
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 40 Million
19    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities or Warrants
      without Preemptive Rights up to Aggregate
      Nominal Amount of EUR 40 Million
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 40 Million to Qualified
      Investors
21    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
23    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

PUMA (RUDOLF DASSLER SPORT)

Ticker:       PMMRY          Security ID:  DE0006969603
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.70 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PricewaterhouseCoopers GmbH as     For       For        Management
      Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Decrease in Size of Supervisory   For       For        Management
      Board to Six Members  (Whereof Four
      Shareholder Representatives and Two
      Employee Representatives)


--------------------------------------------------------------------------------

QIAGEN N.V.

Ticker:                      Security ID:  NL0000240000
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Receive Report of Supervisory Board       None      Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5     Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
6     Approve Discharge of Management Board     For       For        Management
7     Approve Discharge of Supervisory Board    For       For        Management
8     Reelect Heinrich Hornef, Erik Hornnaess,  For       For        Management
      Manfred Karobath, Detlev Riesner, Jochen
      Walter and Franz Wirtz; Elect Metin
      Colpan to Supervisory Board for Term of
      One Year
9     Reelect Peer Schatz; Elect Joachim Schorr For       For        Management
      and Bernd Uder to Management Board for
      Term of One Year
10    Approve Remuneration Policy for           For       Against    Management
      Management Board Members
11    Approve Remuneration of Supervisory Board For       Against    Management
12    Reelect Ernst & Young as Auditors         For       For        Management
13    Grant Board Authority to Issue All        For       Against    Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Allow Questions                           None      None       Management
16    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

RAS (RIUNIONE ADRIATICA DI SICURTA)

Ticker:                      Security ID:  IT0000062825
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Add One New
      Articles to Company's Bylaws; Renumber
      Articles of Association
2     Amend Rules Governing General Meetings    For       For        Management
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Resignation of Certain Directors;  For       For        Management
      Fix Number of Directors on the Board;
      Elect Directors;  Determine Directors'
      Remuneration
3     Accept Resignation of One Alternate       For       For        Management
      Internal Statutory Auditor; Appoint One
      Auditor to Reintegrate Board of Internal
      Statutory Auditors
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


--------------------------------------------------------------------------------

REED ELSEVIER NV (FORMERLY ELSEVIER NV)

Ticker:       ELNVY          Security ID:  NL0000349488
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Documents Received                        None      Abstain    Management
3     Receive Report of Management Board        None      Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5     Approve Dividends of EUR 0.30 per         For       For        Management
      Ordinary Share
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7.1   Approve Discharge of Management Board     For       For        Management
7.2   Approve Discharge of Supervisory Board    For       For        Management
8     Reelect Deloitte Accountants as Auditors  For       For        Management
9.1   Reelect Lord Sharman as Member of         For       For        Management
      Supervisory Board
9.2   Reelect R. Stomberg as Member of          For       For        Management
      Supervisory Board
9.3   Reelect M. Tabaksblat as Member of        For       For        Management
      Supervisory Board
10    Reelect G. van de Aast as Member of       For       For        Management
      Management Board
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12.1  Grant Board Authority to Issue Shares Up  For       For        Management
      to Ten Percent of Issued Share Capital
12.2  Grant Board Authority to Restrict/Exclude For       For        Management
      Preemptive Rights for Share Issuance
      under Item 12.1
13    Other Business                            None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

RENAULT

Ticker:                      Security ID:  FR0000131906
Meeting Date: APR 16, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.40 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Francois de Combret as Director   For       For        Management
6     Reelect Bernard Larrouturou as Director   For       For        Management
7     Elect Jean-Louis Girodolle as Director    For       For        Management
8     Elect Itaru Koeda as Director             For       For        Management
9     Elect Francois Pinault as Director        For       For        Management
10    Approve Discharge of Yoshikazu Hanawa     For       For        Management
11    Approve Discharge of Bruno Bezard         For       For        Management
12    Approve Discharge of Jeanne Seyvet        For       For        Management
13    Confirm Receipt of Special Auditors'      For       Abstain    Management
      Report Regarding Remuneration of
      Participating Stock
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Amount of EUR 4 Billion
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Maintain Authority to Issue Equity and    For       For        Management
      Equity-Linked Securities without
      Preemptive Rights Submitted to
      Shareholder Vote on April 29, 2003, to
      Increase Capital by Up to EUR 300 Million
18    Amend Articles of Association to Increase For       For        Management
      the Number of Directors to Be Elected by
      Shareholders
19    Amend Articles of Association to Reflect  For       Against    Management
      Financial Security Legislation Re:
      Shareholding Disclosure Requirement
20    Elect Charles de Croisset as Director     For       For        Management
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

REPSOL YPF SA (FORMERLY REPSOL, S.A.)

Ticker:       REP            Security ID:  ES0173516115
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of Dividend of
      EUR 0.40 Per Share, and Discharge
      Directors
2     Elect Management Board                    For       For        Management
3     Approve Deloitte & Touche Espana Auditors For       For        Management
      SL as Auditors
4     Authorize Repurchase of Shares up to a    For       For        Management
      Maximum of Five Percent of Capital
5     Amend Articles Re: Legal Provisions       For       For        Management
      Governing the Company, Shareholders
      Meeting, Right of Attendance,
      Representation, Board Composition,
      Administrators' Liability, and Debentures
      Issuance
6     Amend Articles Re: Regulations of the     For       For        Management
      General Shareholder's Meeting
7     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

RHI AG (FM. RADEX HERAKLITH INDUSTRIEBETEILIGUNGS AG)

Ticker:                      Security ID:  AT0000676903
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors         For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Ratify Auditors                           For       For        Management


--------------------------------------------------------------------------------

RODAMCO EUROPE N.V. (FM.RODAMCO CONTINENTAL EUROPE NV)

Ticker:                      Security ID:  NL0000289320
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.1   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.2   Approve Dividends                         For       For        Management
5     Approve Discharge of Management Board     For       For        Management
6     Approve Discharge of Supervisory Board    For       For        Management
7     Approve Company's Corporate Governance    For       For        Management
      Structure
8     Approve Remuneration Policy for           For       For        Management
      Management Board Members
9     Amend Articles Re: Add Indemnification    For       For        Management
      Clause for Members of Management and
      Supervisory Boards; Require Shareholder
      Approval of Remuneration Policy for
      Management Board; Introduce Four-Year
      Terms for Supervisory Board Members;
      Other Changes
10    Designate Supervisory Board Member (H.    For       For        Management
      Okkens) to Represent Company in Case of
      Conflict of Interest Pursuant to Article
      11.4 of Articles of Association
11    Elect J. Die to Management Board          For       For        Management
12    Reelect K. Dornbush, H. Okkens, and H.    For       For        Management
      van Wijk to Supervisory Board
13    Other Business (Non-Voting)               None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ROYAL DUTCH PETROLEUM CO.

Ticker:       RD             Security ID:  NL0000009470
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  JUN 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Management Board        None      Abstain    Management
2.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.2   Approve Total Dividend of EUR 1.76 Per    For       For        Management
      Share
2.3   Approve Discharge of Management Board     For       Against    Management
2.4   Approve Discharge of Supervisory Board    For       Against    Management
3     Elect L. Cook to Management Board         For       For        Management
4     Elect C. Morin-Postel to Supervisory      For       For        Management
      Board
5     Reelect van de Bergh to Supervisory Board For       For        Management
6     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ROYAL KPN NV

Ticker:       KPN            Security ID:  NL0000009082
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Receive Explanation of Reserves and       None      None       Management
      Dividend Policy
3.3   Approve Dividends                         For       For        Management
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Discussion about Company's Corporate      None      None       Management
      Governance Report
6     Approve Remuneration Policy               For       For        Management
7.1   Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
7.2   Authorize Board to Prepare Annual Report  For       For        Management
      in English
8.1   Opportunity for General Meeting to Make   None      None       Management
      Recommendations for Appointment Member of
      Supervisory Board
8.2   Reelect D. Eustace to Supervisory Board   For       For        Management
8.3   Receive Announcement of Vacancy on        None      None       Management
      Supervisory Board
8.4   Elect E. Blok as New Member to Management For       For        Management
      Board
9.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9.2   Grant Board Authority to Issue Ordinary   For       Against    Management
      Shares Up to 20 Percent of Issued Capital
      and All Unissued but Authorized Class B
      Preference Shares
9.3   Grant Board Authority to Exclude          For       Against    Management
      Preemptive Rights from Issuance Under
      Item 9.2
10    Approve Proposal to Reduce Capital        For       For        Management
      Through Cancellation of Own Shares Up to
      10 Percent of Issued Share Capital
11    Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

ROYAL VENDEX KBB (FORMERLY VENDEX INTERNATIONAL NV)

Ticker:                      Security ID:  NL0000390979
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Receive Report of Management Board        None      Did Not    Management
                                                          Vote
3.1   Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
3.2   Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
3.3   Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
4     Elect Dirk Goeminne to Management Board   For       Did Not    Management
                                                          Vote
5     Grant Board Authority to Issue Authorized For       Did Not    Management
      Yet Unissued Ordinary and Preference B              Vote
      Shares without Preemptive Rights Up to 30
      Percent of Issued Share Capital;
      Authorize Issuance of All Authorized
      Preference C Shares without Preemptive
      Rights
6     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
7     Discussion about Company's Corporate      None      Did Not    Management
      Governance Report                                   Vote
8     Discussion about VDXK Acquisition B.V.'s  None      Did Not    Management
      Public Offer to Purchase all Outstanding            Vote
      Royal Vendex KBB Shares
9     Amend Articles to Reflect Acquisition by  For       Did Not    Management
      VDXK Acquisition B.V.                               Vote
10    Approve Resignation of Current            For       Did Not    Management
      Supervisory Board Members; Elect Todd               Vote
      Fisher, Edward Gilhuly, John Pfeffer,
      Steven Petrow, and Erik Thyssen to
      Supervisory Board to Reflect Acquisition
      by VDXK Acquisition B.V.
11    Receive Announcements                     None      Did Not    Management
                                                          Vote
12    Other Business (Non-Voting)               None      Did Not    Management
                                                          Vote
13    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

RWE AG

Ticker:       RWEOY          Security ID:  DE0007037129
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.25 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
6     Amend Articles Re: Supervisory Board      For       For        Management
      Remuneration Scheme


--------------------------------------------------------------------------------

RYANAIR HOLDINGS PLC

Ticker:                      Security ID:  IE0031117611
Meeting Date: SEP 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2a    Elect Emmanuel Faber as a Director        For       For        Management
2b    Elect Klaus Kirchberger as a Director     For       For        Management
3a    Reelect Ray Mac Sharry as a Director      For       For        Management
3b    Reelect Michael O'Leary as a Director     For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights
6     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights


--------------------------------------------------------------------------------

SACYR VALLERMOSO (FRMELY VALLEHERMOSO, S.A.)

Ticker:                      Security ID:  ES0182870214
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
2     Approve Allocation of Income              For       For        Management
3     Fix Number of Directors; Elect Directors  For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Adopt New Articles of Association/Charter For       For        Management
6     Approve General Meeting Guidelines        For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Authorize Issuance of 13.85 Million       For       For        Management
      Shares without Preemptive Rights at EUR
      11.50 Per Share; Amend Article 5
      Accordingly; Approve Listing of New
      Shares in Stock Exchange
9     Authorize Capitalization of Reserves of   For       For        Management
      EUR 6.49 Million for a Share Issuance;
      Amend Article 5 Accordingly; Approve
      Listing of Shares in Stock Exchange
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
11    Authorize Issuance of Convertible Bonds   For       For        Management
      without Preemptive Rights
12    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
13    Information Regarding Board Guidelines    For       For        Management


--------------------------------------------------------------------------------

SAGEM S.A.

Ticker:                      Security ID:  FR0000073272
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Subject to Approval of Resolutions 5, 6,  For       For        Management
      and 10 Below, Authorize Capitalization of
      Reserves in the Amount of EUR 5.55
      Million for Bonus Issue
2     Consequento to Item 1, Carry Out Bonus    For       For        Management
      Issuance of 5.55 Million New Shares
      According to the Ratio of One New Share
      For Every Six Old Shares Held
3     Amend Article 32 Re: Double Voting-Rights For       Against    Management
      to Long-Term Registered Shareholders
4     Subject to Resolutions 1, 2, 5, 6, and    For       For        Management
      10, Approve Capital Increase Reserved for
      Employees Participating in
      Savings-Related Share Purchase Plan
5     Approve Merger by Absorption of COFICEM   For       For        Management
6     Approve Issuance of 15.6 Million Shares   For       For        Management
      in Connection with Absorption of COFICEM
      with an Exchange Ratio of 4:1
7     Confirm Merger by Absorption of COFICEM   For       For        Management
8     Approve Accounting Treatment of the       For       For        Management
      Premium Consequent to the Absorption of
      COFICEM
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Sagem Shares Currently
      Held by COFICEM in Treasury, Consequent
      to the Absorption
10    Approve Merger by Absorption of SAGEM     For       For        Management
      International
11    Confirm Completion of Absorption and      For       For        Management
      Dissolution Without Liquidation of SAGEM
      International
12    Confirm Existence of a Premium Consequent For       For        Management
      to the Absorption of SAGEM International
13    Approve Accounting Treatment of the       For       For        Management
      Premium Consequent to the Absorption of
      SAGEM International
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Sagem Shares Held by
      SAGEM International in Treasury,
      Consequent to the Absorption of COFICEM
15    Amend Articles to Reflect Changes in      For       For        Management
      Capital
16    Approve Standard Accounting Transfers To  For       For        Management
      Reduce Legal Reserve Consequent To
      Changes in Capital
17    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SAGEM S.A.

Ticker:                      Security ID:  FR0000073272
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Management and Supervisory
      Board
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.41 per Share
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Ratify Constantin Associes as Auditors    For       For        Management
6     Ratify Jean-Francois Serval as Alternate  For       For        Management
      Auditor
7     Ratify Deloitte Touche Tohmatsu Audit as  For       For        Management
      Auditors
8     Ratify Bureau d'Etudes Administratives    For       For        Management
      Sociales et Comptables as Alternate
      Auditor
9     Elect Yves Guena as Supervisory Board     For       Against    Management
      Member
10    Elect Georges Chodron de Courcel as       For       Against    Management
      Supervisory Board Member
11    Elect Patrick Sevian as Supervisory Board For       Against    Management
      Member
12    Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      400,000
13    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of Up to EUR 800
      Million
16    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 15 Million for Bonus Issue or
      Increase in Par Value
17    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 15 Million
18    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 15 Million
19    Approve Stock Option Plan Grants to       For       Against    Management
      Subscribe for Newly Issued Shares
20    Approve Stock Option Plan Grants to       For       Against    Management
      Purchase Existing Shares
21    Set Global Limit for Capital Increase to  For       Against    Management
      Result from All Issuance Requests at EUR
      100 Million
22    Set Global Limit for Debt Increase to     For       For        Management
      Result from All Debt Instrument Issuance
      Requests at EUR 1 Billion
23    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: NOV 24, 2003   Meeting Type: Special
Record Date:  NOV 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term and Remuneration
1     Approve Merger by Absorption of Cardine   For       For        Management
      Finanziaria Spa
2     Amend Articles of Association             For       Against    Management


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: NOV 25, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term and Remuneration
1     Approve Merger by Absorption of Cardine   For       For        Management
      Finanziaria Spa
2     Amend Articles of Association             For       Against    Management


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements,             For       Abstain    Management
      Consolidated Accounts, Statutory Reports,
      and Allocation of Income
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors for the Three-Year Term
      2004-2006; Elect Chairman of the Board;
      Determine Directors' Remuneration
3     Elect External Auditors for the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
5     Appoint One Alternate Internal Statutory  For       For        Management
      Auditor to Reintegrate Members of the
      Board of Internal Statutory Auditors


--------------------------------------------------------------------------------

SCHERING AG

Ticker:       SHR10          Security ID:  DE0007172009
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.93 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors
6     Approve Creation of EUR 97 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 600
      Million with Preemptive Rights; Approve
      Creation of EUR 10 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
8     Amend Articles Re: Supervisory Board      For       For        Management
      Remuneration due to Changes in German
      Disclosure Regulations
9     Adopt New Articles of Association         For       For        Management
10    Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights
11    Elect Karl-Hermann Baumann, Piet Borst,   For       For        Management
      Mathias Doepfner, John Dormandy, Reiner
      Hagemann, Martin Kohlhaussen,
      Hermann-Josef Lamberti, and Giuseppe Vita
      to the Supervisory Board
12    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
13    Approve Affiliation Agreements with       For       For        Management
      Schering International Holding GmbH


--------------------------------------------------------------------------------

SCHNEIDER ELECTRIC SA (FORMERLY SCHNEIDER SA)

Ticker:                      Security ID:  FR0000121972
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.65 per Share
5     Elect Caisse des Depots et Consignations, For       For        Management
      Represented by Jerome Gallot, as Director
6     Elect Chris C. Richardson as Director     For       For        Management
7     Reelect Alain Burq as Representative of   For       For        Management
      Employee Shareholders to the Board
8     Reelect Daniel Bouton as Director         For       For        Management
9     Reelect Thierry Breton as Director        For       For        Management
10    Reelect Willy Kissling as Director        For       For        Management
11    Reelect Piero Sierra as Director          For       For        Management
12    Reappoint Barbier Frinault et Autres      For       For        Management
      (Ernst & Young) as Auditors
13    Ratify Philippe Diu as Alternate Auditor  For       For        Management
      to Barbier Frinault et Autres (Ernst &
      Young)
14    Appoint Mazars & Guerard as Auditor       For       For        Management
15    Ratify Charles Vincensini as Alternate    For       For        Management
      Auditor to Mazars & Guerard
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
17    Amend Articles of Association to          For       For        Management
      Authorize the Appointment of Censors
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Stock Option Plan Grants          For       Against    Management
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SEAT PAGINE GIALLE SPA

Ticker:                      Security ID:  IT0003479638
Meeting Date: DEC 1, 2003    Meeting Type: Special
Record Date:  NOV 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization via Merger of      For       For        Management
      Company into Silver Spa and Subsequent
      Merger by Absorption of Silver Spa in
      Spyglass Spa; Listing of Spyglass Spa's
      Shares on Stock Exchange;  Change Name of
      'Spyglass Spa' to 'Seat Pagine Gialle
      Spa'


--------------------------------------------------------------------------------

SEAT PAGINE GIALLE SPA

Ticker:                      Security ID:  IT0003479638
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Payment of Cash Dividend                  None      Against    Shareholder
1     Amend Articles Re: Directors'             For       For        Management
      Authorization To Service Stock Option
      Plans; Fiscal Year End


--------------------------------------------------------------------------------

SIEMENS AG

Ticker:       SMAG40         Security ID:  DE0007236101
Meeting Date: JAN 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.10 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
5     Ratify KPMG as Auditors                   For       For        Management
6     Elect Jerry Speyer to the Supervisory     For       For        Management
      Board; Elect Hans-Dieter Wiedig as a
      Deputy Supervisory Board Member
7     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares
8     Approve Creation of EUR 600 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
9     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 11.3
      Billion with Preemptive Rights; Approve
      Creation of EUR 600  Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights


--------------------------------------------------------------------------------

SNAM RETE GAS

Ticker:                      Security ID:  IT0003153415
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Distribution of Dividends
3     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term and Remuneration
4     Elect Chairman of the Board of Directors  For       For        Management
5     Appoint Internal Statutory Auditors;      For       For        Management
      Approve Remuneration of Auditors
6     Elect External Auditors For The           For       For        Management
      Three-Year term 2004-2006 and Fix
      Remuneration of Auditors
7     Amend Rules Governing General Meetings    For       For        Management


--------------------------------------------------------------------------------

SOCIEDAD GENERAL DE AGUAS DE BARCELONA

Ticker:                      Security ID:  ES0141330C19
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements and Statutory
      Reports, and Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.3182 Per Share
3     Fix Number of and Elect Members to        For       For        Management
      Management Board
4     Reelect Deloitte and Touche Espana S.L.   For       For        Management
      as Auditor
5     Amend Articles Re: 'Registry of           For       For        Management
      Compensation and Stock Trade Institution'
      and Shareholder Information Rights
6     Approve General Meeting Guidelines        For       For        Management
7     Accept Report: Board of Directors'        For       Abstain    Management
      Guidelines
8     Authorize Repurchase of Shares            For       For        Management
9     Approve Reduction in Share Capital Via    For       For        Management
      Cancellation of 300,000 Class B Shares
      Remaining From May 2001 Stock Option Plan
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SOCIETE BIC

Ticker:                      Security ID:  FR0000120966
Meeting Date: JUN 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.20 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 124,000
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Bruno Bich as Director            For       Against    Management
8     Reelect Mario Guevara as Director         For       Against    Management
9     Reelect Gilles Pelisson as Director       For       Against    Management
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 50 Million
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities or Warrants
      without Preemptive Rights up to Aggregate
      Nominal Amount of EUR 50 Million
13    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
14    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
15    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SODEXHO ALLIANCE SA

Ticker:                      Security ID:  FR0000121220
Meeting Date: FEB 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements,             For       Abstain    Management
      Consolidated Financial Statements, and
      Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.915 per Share
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
5     Reelect Pierre Bellon as Director         For       Against    Management
6     Reelect Remi Baudin as Director           For       Against    Management
7     Reelect Astrid Bellon as Director         For       For        Management
8     Reelect Francois-Xavier Bellon as         For       For        Management
      Director
9     Reelect Sophie Clamens as Director        For       For        Management
10    Reelect Nathalie Szabo as Director        For       For        Management
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 300,000
12    Authorize Issuance of Bonds/Debentures    For       For        Management
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 63 Million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 63 Million
15    Approve Stock Option Plan Grants          For       For        Management
16    Authorize Board to Increase Capital to    For       For        Management
      Service Company Savings-Related Share
      Purchase Plan
17    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
A     Shareholder Proposal: Decrease Tenure     Against   Against    Shareholder
      Requirement for Double Voting Rights from
      Four to Two Years
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SOLVAY S.A.

Ticker:                      Security ID:  BE0003470755
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Abstain    Management
2     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Dividends in the Amount of
      EUR 2.40 Per Share
3     Approve Discharge of Directors and        For       For        Management
      Auditors
4.1   Reelect Daniel Jansen, Dene Degreve,      For       For        Management
      Jurgen Ernst and Jean van Zeebroeck as
      Directors
4.2   Confirm Jean van Zeebroeck as Independent For       Against    Management
      Director in Accordance with the
      Requirements of the Belgian Companies
      Code
5.1   Ratify Deloitte & Touche (Represented by  For       For        Management
      Michel Denayer) as Auditors
5.2   Approve Remuneration of Auditors in the   For       For        Management
      Amount of EUR 324,000
5.3   Ratify Deloitte & Touche (Represented by  For       For        Management
      Ludo De Keulenaer) as Substitute External
      Auditors
6     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

SONAE SGPS (FRM SONAE INVESTIMENTOS, S.G.P.S., S.A.)

Ticker:                      Security ID:  PTSON0AE0001
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       For        Management
4     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
5     Approve Increase in Size of Board; Elect  For       Against    Management
      Board Members to Fill New Seats
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Bond Repurchase and Reissuance    For       For        Management
8     Authorize Company Subsidiary to Purchase  For       For        Management
      Shares in Parent
9     Authorize Distribution of Repurchased     For       Against    Management
      Shares to Management


--------------------------------------------------------------------------------

STMICROELECTRONICS N.V.

Ticker:       STM            Security ID:  NL0000226223
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Receive Report of Supervisory Board       None      Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5     Approve Discharge of Management Board     For       For        Management
6     Approve Discharge of Supervisory Board    For       For        Management
7     Approve Dividend of $0.12 Per Ordinary    For       For        Management
      Share
8     Elect Gerald Arbola as New Member of      For       For        Management
      Supervisory Board
9     Elect Didier Lombard as New Member of     For       For        Management
      Supervisory Board
10    Approve Remuneration of Supervisory Board For       For        Management
11    Approve Employee Stock Purchase Plan      For       For        Management
12    Grant Supervisory Board Authority for     For       Against    Management
      Five Years to Issue All Authorized but
      Unissued Shares Restricting/Excluding
      Preemptive Rights
13    Lower Quorum Requirement for General      For       Against    Management
      Meeting from One-Third to 15 Percent of
      Issued Share Capital
14    Amend Articles to Reflect Lowering of     For       Against    Management
      Quorum Requirement (Item 13)
15    Approve Company's Corporate Governance    For       For        Management
      Policy
16    Allow Questions                           None      None       Management
17    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

STORA ENSO OYJ (FORMERLY ENSO OY)

Ticker:                      Security ID:  FI0009005961
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Abstain    Management
1.2   Receive Auditors' Report                  None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.45 Per Share
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Fix Number of Directors at 11             For       For        Management
1.7   Fix Number of Auditors                    For       For        Management
1.8   Approve Remuneration of Directors and     For       For        Management
      Auditors
1.9   Reelect Krister Ahlstroem, Claes          For       For        Management
      Dahlbaeck, Harald Einsmann, Bjoern
      Haegglund, Jukka Haermaelae, Barbara Kux,
      Ilkka Niemi, Paavo Pitkaenen, Jan
      Sjoeqvist, and Marcus Wallenberg; Elect
      Lee Chaden as New Director
1.10  Ratify PricewaterhouseCoopers as Auditors For       For        Management
2     Approve EUR 76.3 Million Reduction in     For       For        Management
      Share Capital via Share Cancellation
3     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

SUEDZUCKER AG

Ticker:                      Security ID:  DE0007297004
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.50 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Erwin Hameseder to the Supervisory  For       For        Management
      Board
6     Adopt New Articles of Association due to  For       For        Management
      Changes in German Disclosure Regulations
      and Company Stock Corporation Law
7     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
8     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 250
      Million with Preemptive Rights; Approve
      Creation of EUR 13 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
9     Ratify PwC as Auditors                    For       For        Management


--------------------------------------------------------------------------------

SUEZ SA(FORMERLY SUEZ LYONNAISE DES EAUX)

Ticker:                      Security ID:  FR0000120529
Meeting Date: APR 20, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 1.065 per Share
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Reelect Gerhard Cromme as Director        For       For        Management
6     Reelect Etienne Davignon as Director      For       For        Management
7     Reelect Albert Frere as Director          For       For        Management
8     Reelect Jean Peyrelevade as Director      For       For        Management
9     Reelect Edmond Alphandery as Director     For       For        Management
10    Elect Rene Carron as Director             For       For        Management
11    Elect Thierry Rudder as Director          For       For        Management
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 700 Million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 700 Million
15    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
16    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
17    Approve Issuance of Up to 15 Million      For       For        Management
      Shares to Spring Multiple 2004 SCA in
      Connection with Share Purchase Plan for
      Employees of International Subsidiaries
18    Approve Stock Option Plan Grants          For       For        Management
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TECHNIP (FORMERLY TECHNIP-COFLEXIP)

Ticker:       TNHPY          Security ID:  FR0000131708
Meeting Date: JUL 3, 2003    Meeting Type: Special
Record Date:  JUN 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger by Absorption of Coflexip  For       For        Management
      and Issuance of 330,332 Technip-Coflexip
      Shares
2     Approve Accounting Treatment of           For       For        Management
      Absorption
3     Approve Terms of Conversion of Coflexip   For       For        Management
      Stock Options
4     Approve Dissolution of Coflexip without   For       For        Management
      Liquidation
5     Amend Articles to Reflect Changes in      For       For        Management
      Capital
6     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
7     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in International
      Stock Purchase Plan
8     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
9     Elect Olivier Appert as Director          For       Against    Management
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TECHNIP (FORMERLY TECHNIP-COFLEXIP)

Ticker:       TNHPY          Security ID:  FR0000131708
Meeting Date: JUL 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger by Absorption of Coflexip  For       Did Not    Management
      and Issuance of 330,332 Technip-Coflexip            Vote
      Shares
2     Approve Accounting Treatment of           For       Did Not    Management
      Absorption                                          Vote
3     Approve Terms of Conversion of Coflexip   For       Did Not    Management
      Stock Options                                       Vote
4     Approve Dissolution of Coflexip without   For       Did Not    Management
      Liquidation                                         Vote
5     Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
6     Approve Capital Increase Reserved for     For       Did Not    Management
      Employees Participating in                          Vote
      Savings-Related Share Purchase Plan
7     Approve Capital Increase Reserved for     For       Did Not    Management
      Employees Participating in International            Vote
      Stock Purchase Plan
8     Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote
9     Elect Olivier Appert as Director          For       Did Not    Management
                                                          Vote
10    Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

TECHNIP (FORMERLY TECHNIP-COFLEXIP)

Ticker:       TNHPY          Security ID:  FR0000131708
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 4.95 per Share
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Approve Discharge of Management and       For       For        Management
      Supervisory Board
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 250,000
7     Ratify Cabinet Barbier, Frinault et       For       For        Management
      Autres as Auditors
8     Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
9     Ratify Christian Chochon as Alternate     For       For        Management
      Auditors
10    Ratify Yves Nicolas as Alternate Auditors For       For        Management
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Amend Articles of Association to Reflect  For       For        Management
      2003 Legal Changes to French Commercial
      Code
13    Approve Capital Increase Reserved for     For       For        Management
      Employees of American Subsidiaries
      Participating in Share Purchase Plan
      Pursuant to Authorization Granted in Item
      6 at the July 11, 2003, Shareholder
      Meeting
14    Authorize Capital Increase of Up to EUR   For       For        Management
      37.5 Million for Future Exchange Offers
15    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TELECOM ITALIA MEDIA SPA (FORMERLY SEAT-PAGINE GIALLE SPA)

Ticker:                      Security ID:  IT0001389920
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Rules Governing General Meetings    For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Integration to the Remuneration   For       For        Management
      of External Auditors
4     Elect Members of the Board of Directors   For       Against    Management
5     Appoint Internal Statutory Auditors;      For       For        Management
      Approve Remuneration of Auditors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

TELECOM ITALIA MOBILE

Ticker:                      Security ID:  IT0001052049
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Rules Governing General Meetings    For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Elect External Auditors For the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
4     Elect Members of the Board of Directors   For       For        Management
5     Redefine Remuneration of Internal         For       For        Management
      Statutory Auditors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

TELEFONICA  S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)

Ticker:       TEF            Security ID:  ES0178430E18
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Discharge Directors
2     Approve Dividend Per Share                For       For        Management
3     Approve Auditors                          For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Approve General Meeting Guidelines        For       For        Management
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

TELEKOM AUSTRIA

Ticker:                      Security ID:  AT0000720008
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management and       For       Did Not    Management
      Supervisory Boards                                  Vote
4     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
5     Ratify Auditors                           For       Did Not    Management
                                                          Vote
6     Amend Articles Re: Management Board       For       Did Not    Management
      Structure                                           Vote
7     Approve Creation of EUR 109.1 Million     For       Did Not    Management
      Pool of Conditional Capital without                 Vote
      Preemptive Rights
8     Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached                 Vote
      without Preemptive Rights; Approve
      Creation of EUR 109.1 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
9     Receive Report Regarding Share Repurchse  None      Did Not    Management
      Scheme                                              Vote
10    Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote


--------------------------------------------------------------------------------

TELEVISION FRANCAISE 1

Ticker:                      Security ID:  FR0000054900
Meeting Date: APR 20, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.975 per Share
5     Receive Special Directors' Report         For       Abstain    Management
      Regarding Stock Option Grants
6     Receive Chairman's and Auditors' Report   For       Abstain    Management
      Regarding Internal Control Procedures
7     Reelect Alain Pouyat as Director          For       For        Management
8     Confirm Election of Employee              For       Against    Management
      Representatives to the Board
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Authorize Issuance of Bonds/Debentures    For       Against    Management
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 120 Million
13    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 120 Million
14    Authorize Capital Increase of Up to EUR   For       Against    Management
      120 Million for Future Exchange Offers
15    Set Global Limit for Capital Increase to  For       Against    Management
      Result from All Issuance Requests at EUR
      120 Million
16    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
17    Approve Issuance of Equity-Linked         For       For        Management
      Securities Reserved for Employees
      Participating in Savings-Related Share
      Purchase Plan
18    Amend Articles of Association to Reflect  For       For        Management
      2003 Regulation Changes Re: Related-Party
      Transactions and Internal Control
      Procedures
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

THALES SA (FORMERLY THOMSON-CSF)

Ticker:                      Security ID:  FR0000121329
Meeting Date: MAY 11, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.125 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Change Location of Registered             For       For        Management
      Office/Headquarters to 45, rue de
      Villiers in Neuilly-sur-Seine
6     Ratify Cooptation of Benoit Tellier as    For       For        Management
      Director
7     Elect Francois Bujon de l'Estang as       For       For        Management
      Director
8     Reelect Louis Gallois as Director         For       For        Management
9     Reelect Denis Ranque as Director          For       For        Management
10    Reelect Denis Samuel-Lajeunesse as        For       For        Management
      Director
11    Reelect TSA as Director                   For       For        Management
12    Reelect Jean-Paul Barth as Director       For       For        Management
13    Reelect Serge Dassault as Director        For       For        Management
14    Reelect Serge Tchuruk as Director         For       For        Management
15    Elect Charles de Croisset as Director     For       For        Management
16    Reelect Roger Freeman as Director         For       For        Management
17    Elect Klaus Naumann as Director           For       For        Management
18    Reelect Henri Proglio as Director         For       For        Management
19    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
20    Amend Articles to Classify Board          For       Against    Management
21    Amend Articles to Reduce the Number of    For       For        Management
      Employee Representatives Serving on the
      Board from Three to Two
22    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes to French Commercial
      Code Re: Shareholding Disclosure
23    Amend Articles of Association Re: Double  For       For        Management
      Voting Rights
24    Approve Stock Option Plan Grants          For       Against    Management
25    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 36 Million
26    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 36 Million
27    Set Global Limit for Capital Increase to  For       For        Management
      Result from Issuance Requests in Items 25
      and 26 at EUR 36 Million
28    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
29    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

THOMSON (FORMERLY THOMSON MULTIMEDIA)

Ticker:                      Security ID:  FR0000184533
Meeting Date: APR 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 0.26 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Ratify Appointment of Paul Murray as      For       Against    Management
      Director
6     Ratify Appointment of Henry P. Vigil as   For       Against    Management
      Director
7     Ratify Appointment of Eric Bourdais de    For       Against    Management
      Charbonniere as Director
8     Reelect Thierry Breton as Director for a  For       Against    Management
      Term Lasting Four Years, Subject to
      Approval of Item 25
9     Reelect Frank Dangeard as Director for a  For       Against    Management
      Term Lasting Four Years, Subject to
      Approval of Item 25
10    Reelect Eddy Hartenstein as Director for  For       Against    Management
      a Term Lasting Four Years, Subject to
      Approval of Item 25
11    Reelect Igor Landau as Director for a     For       Against    Management
      Term Lasting Four Years, Subject to
      Approval of Item 25
12    Reelect Pierre Lescure as Director for a  For       Against    Management
      Term Lasting Four Years, Subject to
      Approval of Item 25
13    Reelect Henry P. Vigil as Director for a  For       Against    Management
      Term Lasting Four Years, Subject to
      Approval of Item 25
14    Reelect Didier Lombard as Director for a  For       Against    Management
      Term Lasting Four Years, Subject to
      Approval of Item 25
15    Ratify Mazars & Guerard as Auditors       For       For        Management
16    Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditors
17    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 450,000
18    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 250 Million
22    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 250 Million
23    Confirm Share Issuance in the Amount of   For       For        Management
      EUR 15 Million in Favor of Carlton
      Communications PLC
24    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
25    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Shareholding
      Disclosure, Role of Chairman, and Access
      to Information; Reduction in Directors'
      Terms from Five to Four Years; and
      References of Government Representatives
      on the Board
26    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TIETOENATOR CORP (FORMERLY TT TIETO OY )

Ticker:                      Security ID:  FI0009000277
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements              None      Did Not    Management
                                                          Vote
1.2   Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
1.3   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
1.4   Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.50 Per Share                     Vote
1.5   Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
1.6   Approve Remuneration of Directors and     For       Did Not    Management
      Auditors                                            Vote
1.7   Fix Number of Directors                   For       Did Not    Management
                                                          Vote
1.8   Elect Directors                           For       Did Not    Management
                                                          Vote
1.9   Appoint Auditors and Deputy Auditors      For       Did Not    Management
                                                          Vote
2     Amend Articles Re: Introduce Mandatory    For       Did Not    Management
      Retirement Age (68 Years) for Board                 Vote
      Members
3     Approve Transfer of EUR 910.1 Million     For       Did Not    Management
      from Share Premium Fund to Fund Used in             Vote
      Accordance with Decision by a General
      Meeting
4     Authorize Repurchase of Up to Five        For       Did Not    Management
      Percent of Issued Share Capital                     Vote
5     Approve Creation of EUR 16.6 Million Pool For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
6     Shareholder Proposal: Distribute Shares   None      Did Not    Shareholder
      of Dotcom Solutions AB to Shareholders of           Vote
      TietoEnator Corp.


--------------------------------------------------------------------------------

TISCALI SPA

Ticker:                      Security ID:  IT0001453924
Meeting Date: OCT 26, 2003   Meeting Type: Special
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Two New Directors                   For       For        Management
1     Amend Article 2 Re: Company's Registered  For       For        Management
      Office
2     Amend Article 5 Re: Share Capital         For       For        Management
3     Approve Issuance of Shares for a Private  For       For        Management
      Placement To Be Paid in Shares of EUnet
      EDV und Internet Dienstleistungs AG
4     Approve Issuance of Shares for a Private  For       For        Management
      Placement To Be Paid in Shares of Home.se
      AB


--------------------------------------------------------------------------------

TISCALI SPA

Ticker:                      Security ID:  IT0001453924
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
2     Approve Issuance of Shares for a Private  For       For        Management
      Placement To Be Paid With The Opening of
      a Line of Credit of GBP 3.3 Million Over
      Net. Works Limited


--------------------------------------------------------------------------------

TOTAL S.A. (FORMERLY TOTAL FINA ELF  S.A )

Ticker:       TOT            Security ID:  FR0000120271
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 4.70 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
6     Authorize Issuance of Bonds/Debentures    For       For        Management
7     Reelect Thierry Desmarest as Director     For       For        Management
8     Reelect Thierry de Rudder as Director     For       For        Management
9     Reelect Serge Tchuruk as Director         For       For        Management
10    Elect Daniel Boeuf as Representative of   For       For        Management
      Employee Shareholders to the Board
11    Elect Philippe Marchandise as             Against   Against    Management
      Representative of Employee Shareholders
      to the Board
12    Elect Cyril Mouche as Representative of   Against   Against    Management
      Employee Shareholders to the Board
13    Elect Alan Cramer as Representative of    Against   Against    Management
      Employee Shareholders to the Board
14    Ratify Ernst & Young Audit as Auditors    For       For        Management
15    Ratify KPMG Audit as Auditors             For       For        Management
16    Ratify Pierre Jouanne as Alternate        For       For        Management
      Auditor
17    Ratify Jean-Luc Decornoy as Alternate     For       For        Management
      Auditor
18    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 900,000
19    Approve Stock Option Plan Grants          For       For        Management
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 4 Billion
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 2 Billion
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan


--------------------------------------------------------------------------------

TPG NV (FORMERLY TNT POST GROUP NV)

Ticker:       TP             Security ID:  NL0000009058
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Presentation by M. Bakker         None      None       Management
3     Receive Report of Management Board        None      Abstain    Management
4     Discussion about Company's Corporate      None      None       Management
      Governance Policy
5.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
5.3   Approve Discharge of Management Board     For       For        Management
5.4   Approve Discharge of Supervisory Board    For       For        Management
5.5   Authorize Board to Prepare Annual Report  For       For        Management
      in English
6.1   Ratify Previous Appointment of D. Kulik   For       For        Management
      and M. Lombard as New Members to the
      Management Board
6.2   Reelect M. Bakker to Management Board     For       For        Management
7     Approve Remuneration Policy for           For       For        Management
      Management Board
8.1   Opportunity for General Meeting to Make   None      None       Management
      Recommendations for Appointment Member of
      Supervisory Board
8.2   Reelect R. Abrahamsen to Supervisory      For       For        Management
      Board
8.3   Receive Announcement of Resignation of J. None      None       Management
      Hommem from Supervisory Board
9.1   Grant Board Authority to Issue All        For       Against    Management
      Preference B Shares as well as Ordinary
      Shares Up to 20 Percent of Issued Share
      Capital
9.2   Grant Board Authority to Restrict/Exclude For       Against    Management
      Preemptive Rights from Ordinary Share
      Issuance Under Item 9.1
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Receive Announcement on the Conclusions   None      None       Management
      of Three-Year Assessment of the
      Functioning of the External Auditor
12    Amend Articles Re: Add Indemnity Clause   For       For        Management
      to Indemnify Members of Management Board
      and Supervisory Board
13    Allow Questions                           None      None       Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

TPI TELEFONICA PUBLICA E INFORMACION

Ticker:                      Security ID:  ES0178419117
Meeting Date: APR 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Allocation of
      Income, and Discharge Directors
2     Approve Dividend of EUR 0.25 Per Share    For       For        Management
3     Approve Auditors                          For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Approve Application for Consolidated Tax  For       For        Management
      Status
6     Approve General Meeting Guidelines        For       For        Management
7     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

TUI AG(FRMLYPREUSSAG  AG)

Ticker:                      Security ID:  DE0006952005
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.77 per Share                     Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Ratify PwC Deutsche Revision AG as        For       Did Not    Management
      Auditors                                            Vote
6     Approve Public Offering of Shares in      For       Did Not    Management
      Subsidiary (Hapag-Lloyd AG)                         Vote
7     Amend Corporate Purpose                   For       Did Not    Management
                                                          Vote
8     Approve Creation of EUR 10 Million Pool   For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
9     Approve Creation of EUR 170 Million Pool  For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
10    Approve Creation of EUR 45.6 Million Pool For       Did Not    Management
      of Conditional Capital with Preemptive              Vote
      Rights
11    Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached up to           Vote
      Aggregate Nominal Amount of EUR 1.00
      Billion with Preemptive Rights; Approve
      Creation of EUR 70 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
12    Authorize Repurchase of up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
13    Approve Affiliation Agreements with       For       Did Not    Management
      Subsidiary (Hapag-Lloyd AG)                         Vote


--------------------------------------------------------------------------------

UCB

Ticker:                      Security ID:  BE0003739530
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      Abstain    Management
2     Receive Auditors' Report                  None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income
4     Approve Discharge of Directors            For       For        Management
5     Approve Discharge of Auditors             For       For        Management
6     Reelect M. Eyskens and Prince Laurent as  For       For        Management
      Independent Directors; Elect Frederik
      Rock Doliveux as Director; Reelect Daniel
      Goosens as Auditor; Approve Remuneration
      of Auditors of EUR 129,000 for the UCB
      Group, of Which EUR 60,000 for UCB S.A.


--------------------------------------------------------------------------------

UMICORE(FRMLY UNION MINIERE S.A.)

Ticker:                      Security ID:  BE0003626372
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report Governing Stock Option     None      Abstain    Management
      Plan of French Subsidiaries
2     Receive Directors' Report on 2003 Fiscal  None      Abstain    Management
      Year
3     Receive Auditors' Report on 2003 Fiscal   None      Abstain    Management
      Year
4.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4.2   Approve Appropriation of the Loss for     For       For        Management
      2003 Including the Dividend
5.1   Approve Discharge of Directors            For       For        Management
5.2   Approve Discharge of Auditors             For       For        Management
6.1   Accept Resignation of Jean-Pierre         For       For        Management
      Standaert as Director and Leave Vacant
      His Mandate
6.2   Elect Director Following Resignation of   For       For        Management
      Jean-Pierre Standaert
6.3   Approve Renumeration of Directors in      For       For        Management
      Aggregate Amount of EUR 330,000
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Transact Other Business                   None      Against    Management


--------------------------------------------------------------------------------

UMICORE(FRMLY UNION MINIERE S.A.)

Ticker:                      Security ID:  BE0003626372
Meeting Date: MAR 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

UNIBAIL HOLDING(FRMLY UNIBAIL)

Ticker:                      Security ID:  FR0000124711
Meeting Date: MAR 31, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 3.50 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Jean-Claude Jolain as Director    For       For        Management
6     Reelect Henri Moulard as Director         For       For        Management
7     Reelect Jean-Jacques Rosa as Director     For       For        Management
8     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 350,000
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

UNICREDITO ITALIANO SPA (FORM .CREDITO ITALIANO)

Ticker:                      Security ID:  IT0000064854
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Introduce One
      New Article in the Bylaws; Cancel Rules
      Governing General Meetings As Part of the
      Company's Bylaws
1     Approve Rules Governing General Meetings  For       For        Management


--------------------------------------------------------------------------------

UNICREDITO ITALIANO SPA (FORM .CREDITO ITALIANO)

Ticker:                      Security ID:  IT0000064854
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Maximum 60 Million    For       For        Management
      Shares Pursuant to Share Option Scheme In
      Favor of Managers/Directors of the Group
2     Approve Issuance of Maximum 104.85        For       For        Management
      Million Shares Pursuant to Share Option
      Scheme In Favor of Employees of the Group
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program        For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Appoint Internal Statutory Auditors,      For       For        Management
      Chairman, and Two Alternate Auditors
5     Approve Annual Remuneration of Internal   For       For        Management
      Statutory Auditors
6     Elect External Auditors, KPMG Spa, and    For       For        Management
      Fix Remuneration of Auditors


--------------------------------------------------------------------------------

UNILEVER N.V.

Ticker:       UN             Security ID:  NL0000009348
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAY 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and Report   None      Abstain    Management
      by Remuneration Committe
2     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income and Dividends
3     Approve Discharge of Board of Directors   For       For        Management
4     Discussion of Company's Corporate         For       For        Management
      Governance Report; Amend Articles Re:
      Adopt One-Tier Board Structure; Enable
      Shareholders to Override Binding
      Nominations for Appointment of Directors;
      Other Changes
5.1   Elect A. Burgmans as Executive Director   For       For        Management
5.2   Elect A. Butler as Executive Director     For       For        Management
5.3   Elect P. Cescau as Executive Director     For       For        Management
5.4   Elect K. Dadiseth as Executive Director   For       For        Management
5.5   Elect NWA Fitzgerald KBE as Executive     For       For        Management
      Director
5.6   Elect A. van Heemstra as Executive        For       For        Management
      Director
5.7   Elect R. Markham as Executive Director    For       For        Management
5.8   Elect C. van der Graaf as New Executive   For       For        Management
      Director
6.1   Elect Rt Hon The Lord of Brittan of       For       For        Management
      Spennithorne QC DL as Non-Executive
      Director
6.2   Elect Baroness Chalker of Wallasey as     For       For        Management
      Non-Executive Director
6.3   Elect B. Collomb as Non-Executive         For       For        Management
      Director
6.4   Elect W. Dik as Non-Executive Director    For       For        Management
6.5   Elect O. Fanjul as Non-Executive Director For       For        Management
6.6   Elect C. Gonzalez as Non-Executive        For       For        Management
      Director
6.7   Elect H. Kopper as Non-Executive Director For       For        Management
6.8   Elect Lord Simon of Highbury CBE as       For       For        Management
      Non-Executive Director
6.9   Elect van der Veer as Non-Executive       For       For        Management
      Director
7     Approve Remuneration of Non-Executive     For       For        Management
      Directors in an Aggregate Amount of EUR
      800,000
8     Ratify PricewaterhouseCoopers as Auditors For       For        Management
9     Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Authorize Board to Set Record Date for a  For       For        Management
      Period of Five Years
12    Allow Questions                           None      None       Management


--------------------------------------------------------------------------------

UNION FENOSA

Ticker:                      Security ID:  ES0181380017
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Auditors                          For       For        Management
4     Amend Articles Re: Spanish Law            For       Against    Management
      Compliance, Vote Instructions and
      Representation, Shareholder Information
      Rights, Remote Voting, Management's
      Remuneration, and Audit Committee
5     Amend General Meeting Guidelines          For       For        Management
6     Elect Members to Management Board         For       For        Management
7     Authorize Repurchase of Shares            For       For        Management
8     Amend Terms of Convertible Non-rights     For       Against    Management
      Bond Issuance Authorization Granted at
      June 17, 2003 AGM
9     Accept Report Re: Board of Directors'     For       Abstain    Management
      Guidelines
10    Approve Listing and Delisting of          For       For        Management
      Securities in Secondary Markets
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
12    Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

VA TECHNOLOGIE

Ticker:                      Security ID:  AT0000937453
Meeting Date: SEP 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Remove Existing Supervisory Board Members None      Against    Shareholder
2     Elect Supervisory Board Members           None      Against    Shareholder
3     Receive Semi-Annual Management Board      None      Abstain    Shareholder
      Report
4     Resolution Regarding Costs Associated     None      Against    Shareholder
      with EGM


--------------------------------------------------------------------------------

VA TECHNOLOGIE

Ticker:                      Security ID:  AT0000937453
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Ratify Auditors                           For       For        Management
6     Elect Supervisory Board Members           For       For        Management
7     Approve Creation of EUR 49,073 Pool of    For       For        Management
      Conditional Capital with Preemptive
      Rights
8     Approve Issuance of 750,000 Bearer Shares For       For        Management
      to Fulfil Option for Allotment of
      Additional Shares Granted to Consortium
      of Banks (Greenshoe)
9     Amend Articles                            For       For        Management
10    Authorize Repurchase of 780,000 Shares    For       For        Management
      for Issuance to Management Board Members
      and Key Employees


--------------------------------------------------------------------------------

VALEO

Ticker:       VLEEY          Security ID:  FR0000130338
Meeting Date: MAR 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Accounting Transfer of Holdings   For       For        Management
      Account Balance to Carry-Forward Account
5     Approve Accounting Transfer of Special    For       For        Management
      Reserves Account Balance to Ordinary
      Reserves Account
6     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.05 per Share
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Ratify PricewaterhouseCoopers Audit S.A.  For       For        Management
      as Auditors
9     Ratify RSM Salustro Reydel as Auditors    For       For        Management
10    Ratify Yves Nicolas as Alternate Auditors For       For        Management
11    Ratify Philippe Arnaud as Alternate       For       For        Management
      Auditors
12    Approve Stock Option Plan Grants          For       Against    Management
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 76.22 Million and Set Global Limit
      for Capital Increase to Result From All
      Issuance Requests Under Items 14-16 to
      EUR 100 Million
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 76.22 Million and Set
      Global Limit for Capital Increase to
      Result From All Issuance Requests Under
      Items 14-16 to EUR 100 Million
16    Authorize Capitalization of Reserves for  For       For        Management
      Bonus Issue or Increase in Par Value to
      an Aggregate Amount of EUR 76.22 Million
      and Set Global Limit for Capital Increase
      to Result From All Issuance Requests
      Under Items 14-16 to EUR 100 Million
17    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan up to
      Aggregate Nominal Amount of EUR 3.45
      Million
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan up to
      Aggregate Nominal Amount of EUR 150,000
19    Approve Issuance of Shares to Societe     For       For        Management
      Generale for Use in Savings-Related Share
      Purchase Plan for Company Employees
      Located Outside France
20    Approve Issuance of Shares with Warrants  For       For        Management
      Attached to Participants of
      Savings-Related Share Purchase Plan
21    Amend Articles of Association Pursuant to For       Against    Management
      2003 Financial Security Legislation Re:
      Shareholding Disclosure
22    Amend Articles of Association Pursuant to For       For        Management
      2003 Financial Security Legislation Re:
      Powers of Chairman
23    Amend Articles of Association Pursuant to For       For        Management
      2003 Financial Security Legislation Re:
      Powers of Management Board
24    Amend Articles of Association Pursuant to For       Against    Management
      2003 Financial Security Legislation Re:
      Related-Party Transactions
25    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VEDIOR NV

Ticker:                      Security ID:  NL0000390854
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Dividends of EUR 0.16 Per
      Share
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Discussion about Company's Corporate      None      None       Management
      Governance Report
5     Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect R. Laan to Supervisory Board      For       For        Management
8     Reelect Deloitte & Accountants as         For       For        Management
      Auditors
9     Amend Articles Re: Amendments to Comply   For       For        Management
      with Dutch Corporate Governance Code
10    Approve Remuneration Policy for           For       Against    Management
      Management Board Members
11    Approve Stock Option Plan and Restricted  For       Against    Management
      Share Plan for Management Board Members;
      Approve Employee Stock Purchase Plan for
      U.S. Based Employees
12    Other Business                            None      Against    Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

VEOLIA ENVIRONNEMENT (FORMERLY VIVENDI ENVIRONMENT)

Ticker:                      Security ID:  FR0000124141
Meeting Date: MAY 12, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Non-Tax Deductible Expenses       For       For        Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.825 per Share
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Authorize Issuance of Bonds/Debentures in For       Against    Management
      the Aggregate Nominal Value of EUR 7
      Billion
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 1 Billion
10    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 370 Million for Bonus Issue or
      Increase in Par Value and Set Global
      Limit for All Capital Increases Pursuant
      to Items 8, 9, and 10 at EUR 2.37 Billion
11    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
12    Approve Stock Option Plan Grants          For       For        Management
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VINCI (FORMERLY SOCIETE GENERALE D'ENTREPRISES)

Ticker:                      Security ID:  FR0000125486
Meeting Date: APR 23, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.54 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Approve Discharge of Directors            For       For        Management
6     Ratify Cooptation of Quentin Davies as    For       For        Management
      Director
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 800,000
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 600 Million
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 600 Million
12    Approve Capital Increase Reserved for     For       For        Management
      Employees of International Subsidiaries
      Participating in Share Purchase Plan
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VIVENDI UNIVERSAL SA (FORMERLY VIVENDI)

Ticker:       V              Security ID:  FR0000127771
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and Omission For       For        Management
      of Dividends
5     Reelect Jean-Rene Fourtou as Director     For       For        Management
6     Reelect Claude Bebear as Director         For       For        Management
7     Reelect Gerard Bremond as Director        For       For        Management
8     Reelect Bertrand Collomb as Director      For       For        Management
9     Reelect Paul Fribourg as Director         For       For        Management
10    Reelect Gerard Kleisterlee as Director    For       For        Management
11    Reelect Henri Lachmann as Director        For       For        Management
12    Elect Karel Van Miert as Director         For       For        Management
13    Elect Pierre Rodocanachi as Director      For       For        Management
14    Ratify Cooptation of Gabriel Hawawini as  For       For        Management
      Director
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of Up to EUR 7
      Billion
16    Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
17    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VNU (NV VERENIGD BEZIT VNU)

Ticker:       VNULY          Security ID:  NL0000389872
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Approve Discharge of Management Board     For       For        Management
3.3   Approve Discharge of Supervisory Board    For       For        Management
4.1   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.2   Approve Dividends                         For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6.1   Grant Board Authority to Issue Common and For       For        Management
      Seven Percent Preference Shares Up to 20
      Percent of Issued Share Capital
6.2   Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Preference B
      Shares Restricting/Excluding Preemptive
      Rights
6.3   Grant Board Authority to Exclude          For       For        Management
      Preemptive Rights from Issuance of Common
      Shares Under Item 6.1
7     Ratify Auditors                           For       For        Management
8     Discussion about Company's Corporate      None      None       Management
      Governance Report
9     Approve Remuneration of Management Board  For       For        Management
10    Reelect P. Elverding and J. Brentjes to   For       For        Management
      Supervisory Board
11    Approve Remuneration of Supervisory Board For       For        Management
12    Other Business                            None      Against    Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

VOEST ALPINE AG (FORMERLY VOEST-ALPINE STAHL AG)

Ticker:                      Security ID:  AT0000937503
Meeting Date: JUL 1, 2003    Meeting Type: Annual
Record Date:  JUN 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Approve Remuneration of Directors         For       For        Management
6     Ratify Auditors                           For       For        Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights


--------------------------------------------------------------------------------

VOLKSWAGEN AG (VW)

Ticker:       VWAG           Security ID:  DE0007664039
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.05 per  Common Share
      and EUR 1.11 per Preferred Share
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1.05 per  Common Share             Vote
      and EUR 1.11 per Preferred Share
3     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Approve Creation of EUR 400 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
5     Approve Creation of EUR 400 Million Pool  For       Did Not    Management
      of Conditional Capital with Preemptive              Vote
      Rights
6     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
6     Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached up to           Vote
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote
8     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (Volkswagen Coaching GmbH)
8     Approve Affiliation Agreements with       For       Did Not    Management
      Subsidiaries (Volkswagen Coaching GmbH)             Vote
9     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
9     Ratify PwC Deutsche Revision AG as        For       Did Not    Management
      Auditors                                            Vote


--------------------------------------------------------------------------------

VOLKSWAGEN AG (VW)

Ticker:       VWAG           Security ID:  DE0007664005
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.05 per  Common Share
      and EUR 1.11 per Preferred Share
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1.05 per  Common Share             Vote
      and EUR 1.11 per Preferred Share
3     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Approve Creation of EUR 400 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
5     Approve Creation of EUR 400 Million Pool  For       Did Not    Management
      of Conditional Capital with Preemptive              Vote
      Rights
6     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
6     Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached up to           Vote
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote
8     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (Volkswagen Coaching GmbH)
8     Approve Affiliation Agreements with       For       Did Not    Management
      Subsidiaries (Volkswagen Coaching GmbH)             Vote
9     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
9     Ratify PwC Deutsche Revision AG as        For       Did Not    Management
      Auditors                                            Vote


--------------------------------------------------------------------------------

VOLKSWAGEN AG (VW)

Ticker:       VWAG           Security ID:  DE0007664039
Meeting Date: APR 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Announcement of Resolutions Passed at     None      None       Management
      2004 AGM Re: Issuance of New Shares
2     Approve Creation of EUR 400 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
3     Announcement of Resolutions Passed at     None      None       Management
      2004 AGM Re: Issuance of New Bonds
4     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights


--------------------------------------------------------------------------------

WARTSILA OYJ (FORMERLY METRA OY)

Ticker:                      Security ID:  FI0009003727
Meeting Date: MAR 15, 2004   Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
1.2   Receive Auditor's Report                  None      Abstain    Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 Per Share
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Approve Remuneration of Directors         For       For        Management
1.7   Fix Number of Directors at Seven          For       For        Management
1.8   Approve Remuneration of Auditors          For       For        Management
1.9   Fix Number of Auditors                    For       For        Management
1.10  Elect Heikki Allonen, Goeran Ehrnrooth,   For       For        Management
      Risto Hautamaeki, Jaakko Iloniemi, Antti
      Lagerroos, Bertel Langenskioeld, and
      Paavo Pitkaenen as Directors
1.11  Ratify KHT-Yhteisoe KPMG Wideri Oy Ab as  For       For        Management
      Auditors
2.1   Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
2.2   Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

WATERFORD WEDGWOOD PLC

Ticker:       WATFZ          Security ID:  IE0009420385
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and Consider Financial Statements For       Abstain    Management
      and Statutory Reports
2     Confirm and Declare a Final Dividend of   For       For        Management
      EUR 1.2 cents
3a    Reelect R. Barnes as a Director           For       For        Management
3b    Reelect J. Foley as a Director            For       For        Management
3c    Reelect O. Kusel as a Director            For       For        Management
3d    Reelect S. Michaels as a Director         For       For        Management
3e    Reelect C. McGillivary as a Director      For       For        Management
3f    Reelect F. Wedgwood as a Director         For       For        Management
4     Elect Patrick Molloy as a Director        For       For        Management
5     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
6     Authorize Board to Allot Equity           For       For        Management
      Securities for Cash without Preemptive
      Rights up to Aggregate Nominal Amount of
      Five Percent of Issued and Outstanding
      Ordinary Share Capital
7     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
8     Amend Articles of Association Re:         For       For        Management
      Authorize Board to Hold Next AGM Outside
      of Ireland


--------------------------------------------------------------------------------

WERELDHAVE NV

Ticker:                      Security ID:  NL0000289213
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Minutes of Previous Meeting       For       For        Management
3     Receive Report of Management Board        None      Abstain    Management
4     Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
5     Opportunity to Question External Auditor  None      None       Management
6     Approve Financial Statements; Approve     For       Abstain    Management
      Allocation of Income and Dividends of EUR
      4.45 Per Share
7     Approve Discharge of Management Board     For       For        Management
8     Approve Discharge of Supervisory Board    For       For        Management
9     Approve Remuneration of Management and    For       For        Management
      Supervisory Boards
10    Reelect H. Schonis to Supervisory Board;  For       For        Management
      Elect H. van Nimwegen as New Supervisory
      Board Member
11    Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
12    Discussion about Company's Corporate      None      None       Management
      Governance Report
13    Allow Questions                           None      None       Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

WIENERBERGER  AG (FM. WIENERBERGER BAUSTOFFINDUSTRIE AG)

Ticker:                      Security ID:  AT0000831706
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Ratify Auditors                           For       For        Management
5     Elect Supervisory Board Members           For       For        Management
6     Amend Articles Re; Takeover Provisions    For       Against    Management
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Approve Stock Option Plan for Key         For       Against    Management
      Employees; Approve Creation of EUR 1
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights
9     Approve Creation of EUR 31.6 Million Pool For       For        Management
      of Conditional Capital without Preemptive
      Rights


--------------------------------------------------------------------------------

WOLTERS KLUWER NV

Ticker:       WTKWY          Security ID:  NL0000395887
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Receive Report of Management Board        None      Abstain    Management
2.2   Receive Report of Supervisory Board       None      Abstain    Management
2.3   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.55 Per Share
3     Discussion about Company's Corporate      None      None       Management
      Governance Report
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5.1   Reelect K. van Miert to Supervisory Board For       For        Management
5.2   Elect H. Scheffers to Supervisory Board   For       For        Management
6.1   Approve Remuneration Policy for           For       For        Management
      Management Board Members
6.2   Approve Long-Term Incentive Plan for      For       For        Management
      Management Board Members
7     Grant Board Authority to Issue Up to 20   For       For        Management
      Percent of the Authorized Yet Unissued
      Shares Restricting/Excluding Preemptive
      Rights
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9     Other Business                            None      Against    Management
10    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ZELTIA S.A.

Ticker:                      Security ID:  ES0184940817
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Did Not    Management
      Financial Statements, and Discharge                 Vote
      Directors
2     Approve Bonus Payment of EUR 0.01 Per     For       Did Not    Management
      Share Charged to Share Premium Reserve              Vote
3     Reelect PricewaterhouseCoopers Auditores  For       Did Not    Management
      S.L. as Auditors                                    Vote
4     Approve Stock Incentive Plan for          For       Did Not    Management
      Executives and Employees for 2005                   Vote
5     Authorize Repurchase of Shares;           For       Did Not    Management
      Subsequent Allocation of Such Shares to             Vote
      the Stock Incentive Plan
6     Amend Articles 16,17,19,20,23,25,27 and   For       Did Not    Management
      32 Re: Meeting Notice, Meeting Agenda,              Vote
      Attendance, Vote Guidelines, Board
      Guidelines and Remuneration of Directors
7     Approve Changes Made to General Meeting   For       Did Not    Management
      Guidelines to Reflect Amendments to                 Vote
      Articles
8     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote
9     Information Re: Board Guidelines          For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ZODIAC SA

Ticker:                      Security ID:  FR0000125684
Meeting Date: DEC 15, 2003   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Approve Consolidated Accounts and         For       Abstain    Management
      Discharge Directors
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.60 per Share
4     Approve Stock Dividend Program            For       For        Management
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
7     Reelect Marc Assa as Supervisory Board    For       For        Management
      Member
8     Ratify Ernst & Young Audit as Auditors    For       For        Management
9     Ratify Christian de Chastellux as         For       For        Management
      Alternate Auditors
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities




======================== ISHARES MSCI FRANCE INDEX FUND ========================


ACCOR

Ticker:                      Security ID:  FR0000120404
Meeting Date: APR 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.575 per Share
5     Ratify Cooptation of Gabriele Galateri Di For       Against    Management
      Genola as Supervisory Board Member
6     Elect Francis Mayer as Supervisory Board  For       Against    Management
      Member
7     Authorize Repurchase of Up to 18 Million  For       For        Management
      Shares
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 100 Million
11    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 200 Million for Bonus Issue or
      Increase in Par Value
12    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      300 Million
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AIR FRANCE

Ticker:                      Security ID:  FR0000031122
Meeting Date: JUL 10, 2003   Meeting Type: Annual/Special
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 0.09 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
6     Amend Articles of Association Re:         For       Against    Management
      Conformity with Law of Apr. 9, 2003
7     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AIR FRANCE

Ticker:                      Security ID:  FR0000031122
Meeting Date: JUN 24, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Jean-Cyril Spinetta as Director     For       Against    Management
2     Elect Jean-Francois Dehecq as Director    For       Against    Management
3     Elect Pierre Richard as Director          For       Against    Management
4     Elect Jean-Marc Espalioux as Director     For       Against    Management
5     Elect Patricia Barbizet as Director       For       Against    Management
6     Elect Leo Van Wijk as Director            For       Against    Management
7     Elect Floris Maljers as Director          For       Against    Management
8     Elect Cees Van Lede as Director           For       Against    Management
9     Elect Willem Duisenberg as Director       For       Against    Management
10    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 800,000
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALCATEL (FORMERLY ALCATEL ALSTHOM)

Ticker:       ALA            Security ID:  FR0000130007
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Treatment of Losses               For       For        Management
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Jozef Cornu as Director           For       For        Management
6     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Amount of EUR 10 Billion
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 750 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 750 Million
11    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests At EUR
      750 Million
12    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: SEP 24, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect James William Leng as Director      For       Did Not    Management
                                                          Vote
2     Authorize Issuance of Shares with         For       Did Not    Management
      Preemptive Rights up to Aggregate Nominal           Vote
      Amount of EUR 300 Million
3     Approve Bonus Issuance of Warrants to     For       Did Not    Management
      Purchase Shares up to Aggregate Nominal             Vote
      Amount of EUR 300 Million
4     Authorize Issuance of Convertible Bonds   For       Did Not    Management
      with Preemptive Rights up to Nominal                Vote
      Value of EUR 1 Billion and Capital
      Increase Not to Exceed EUR 893 Million
5     Cancel Issue Authority with Preemptive    For       Did Not    Management
      Rights Approved by Shareholders at July             Vote
      2, 2003, AGM/EGM
6     Approve Issuance of Shares up to          For       Did Not    Management
      Aggregate Nominal Amount of EUR 300                 Vote
      Million to French Government
7     Approve Capital Increase Reserved for     For       Did Not    Management
      Employees Participating in                          Vote
      Savings-Related Share Purchase Plan
8     Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: NOV 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect William Leng as Director            For       For        Management
2     Authorize Bonds Issuance Up to Nominal    For       For        Management
      Value of EUR 200 Million to French
      Government
3     Approve Bonus Issuance of Warrants to     For       For        Management
      Purchase Up to 240 Million Shares
4     Authorize Issuance of Up to 240 Million   For       For        Management
      Shares to BNP Paribas, Credit Agricole
      Indosuez, CLIFAP, EZEPART, Credit
      Industriel et Commercial, CDC Ixis
      Capital Markets, Natexis Bleichschroeder
      SA and FINANPAR 17
5     Authorize Issuance of Convertible Bonds   For       For        Management
      with Preemptive Rights and Capital
      Increase Not to Exceed EUR 893 Million
6     Authorize Issuance of Convertible Bonds   For       For        Management
      Up to Nominal Value of EUR 300 Million
      and Capital Increase Not to Exceed EUR
      300 Million to French Government
7     Cancel Issue Authority with Preemptive    For       For        Management
      Rights Approved by Shareholders at July
      2, 2003, AGM/EGM
8     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
9     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: NOV 7, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect William Leng as Director            For       For        Management
2     Authorize Bonds Issuance Up to Nominal    For       For        Management
      Value of EUR 200 Million to French
      Government
3     Approve Bonus Issuance of Warrants to     For       For        Management
      Purchase Up to 240 Million Shares
4     Authorize Issuance of Up to 240 Million   For       For        Management
      Shares to BNP Paribas, Credit Agricole
      Indosuez, CLIFAP, EZEPART, Credit
      Industriel et Commercial, CDC Ixis
      Capital Markets, Natexis Bleichschroeder
      SA and FINANPAR 17
5     Authorize Issuance of Convertible Bonds   For       For        Management
      with Preemptive Rights and Capital
      Increase Not to Exceed EUR 893 Million
6     Authorize Issuance of Convertible Bonds   For       For        Management
      Up to Nominal Value of EUR 300 Million
      and Capital Increase Not to Exceed EUR
      300 Million to French Government
7     Cancel Issue Authority with Preemptive    For       For        Management
      Rights Approved by Shareholders at July
      2, 2003, AGM/EGM
8     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
9     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: JUL 2, 2003    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
2     Accept Consolidated Financial Statements  For       Did Not    Management
      and Statutory Reports                               Vote
3     Approve Treatment of Losses               For       Did Not    Management
                                                          Vote
4     Approve Special Auditors' Report          For       Did Not    Management
      Regarding Related-Party Transactions                Vote
5     Elect Gerard Hauser as Director           For       Did Not    Management
                                                          Vote
6     Ratify Barbier Frinault & Autres as       For       Did Not    Management
      Auditors                                            Vote
7     Ratify Pascal Macioce as Alternate        For       Did Not    Management
      Auditor                                             Vote
8     Ratify Deloitte Touche & Tohmatsu as      For       Did Not    Management
      Auditors                                            Vote
9     Ratify BEAS as Alternate Auditors         For       Did Not    Management
                                                          Vote
10    Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
11    Confirm That Decline in the Company's     For       Did Not    Management
      Shareholder Equity Relative to Its                  Vote
      Capital Will Not Result in the
      Anticipated Liquidation of the Company
12    Approve Reduction in Par Value from EUR 6 For       Did Not    Management
      to EUR 1.25 Per Share                               Vote
13    Authorize Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities with Preemptive            Vote
      Rights up to Aggregate Nominal Amount of
      EUR 600 Million
14    Approve Capital Increase Reserved for     For       Did Not    Management
      Employees Participating in                          Vote
      Savings-Related Share Purchase Plan
15    Approve Reduction in Share Capital via    For       Did Not    Management
      Cancellation of Repurchased Shares                  Vote
16    Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

ALSTOM

Ticker:                      Security ID:  FR0000120198
Meeting Date: SEP 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect James William Leng as Director      For       For        Management
2     Authorize Issuance of Shares with         For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 300 Million
3     Approve Bonus Issuance of Warrants to     For       For        Management
      Purchase Shares up to Aggregate Nominal
      Amount of EUR 300 Million
4     Authorize Issuance of Convertible Bonds   For       For        Management
      with Preemptive Rights up to Nominal
      Value of EUR 1 Billion and Capital
      Increase Not to Exceed EUR 893 Million
5     Cancel Issue Authority with Preemptive    For       For        Management
      Rights Approved by Shareholders at July
      2, 2003, AGM/EGM
6     Approve Issuance of Shares up to          For       For        Management
      Aggregate Nominal Amount of EUR 300
      Million to French Government
7     Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
8     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ARCELOR S.A.

Ticker:                      Security ID:  LU0140205948
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Report of Board of Directors and Opinions None      Abstain    Management
      of Independent Auditor on the Annual
      Accounts and the Consolidated Accounts
2     Approve Annual Accounts                   For       Abstain    Management
3     Approve Consolidated Accounts             For       Abstain    Management
4     Approve Allocation of Income and          For       For        Management
      Dividend; Approve Directors' Remuneration
5     Approve Discharge of Directors            For       For        Management
6     Accept Resignation of J. Lapeyre and D.   For       For        Management
      Bouton; Appoint M. Marti and N. Forgeard
      as Directors
7     Authorize the Repurchase of up to 10      For       For        Management
      Percent of the Company's Shares for a
      Price of No Less than EUR 5 Per Share and
      No More than EUR 25 Per Share
8     Ratify KPMG Audit as Auditors             For       For        Management


--------------------------------------------------------------------------------

ATOS ORIGIN (FORMERLY ATOS)

Ticker:                      Security ID:  FR0000051732
Meeting Date: JAN 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 97.8 Percent Stake For       Against    Management
      in Sema Ltd. from Schlumberger
      Investments Ltd. and 99.9 Percent Stake
      in Sema SA from Schlumberger SA
2     Authorize Issuance of 13.4 Million Shares For       Against    Management
      to Schlumberger Investments Ltd. and 5.6
      Million Shares to Schlumberger SA in
      Connection with Acquisitions
3     Amend Articles to Reflect Changes in      For       Against    Management
      Capital
4     Authorize Management Board to Carry Out   For       Against    Management
      Formalities Related to Acquisition
5     Approve Stock Option Plan Grants          For       For        Management
6     Fix Number of Supervisory Board Members   For       Against    Management
      Between 3 and 12, Subject to Approval of
      Items 1-4
7     Accept Resignation of Cor Boonstra, Ari   For       Against    Management
      Westerlaken, and Dominique Ferrero as
      Members of the Supervisory Board
8     Elect Andrew Gould as Supervisory Board   For       Against    Management
      Member
9     Elect Jean Marc Perraud as Supervisory    For       Against    Management
      Board Member
10    Elect Gerard Ruizendaal as Supervisory    For       Against    Management
      Board Member
11    Elect Jan Oosterveld as Supervisory Board For       Against    Management
      Member
12    Change Location of Registered             For       For        Management
      Office/Headquarters
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ATOS ORIGIN (FORMERLY ATOS)

Ticker:                      Security ID:  FR0000051732
Meeting Date: JUN 4, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Did Not    Management
      Discharge Management Board                          Vote
2     Approve Allocation of Income and Omission For       Did Not    Management
      of Dividends                                        Vote
3     Approve Special Auditors' Report          For       Did Not    Management
      Regarding Related-Party Transactions                Vote
4     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
5     Ratify Cooptation of Michel Soublin as    For       Did Not    Management
      Supervisory Board Member                            Vote
6     Ratify Cooptation of Didier Cherpitel as  For       Did Not    Management
      Supervisory Board Member                            Vote
7     Ratify Alain Le Corvec as Supervisory     For       Did Not    Management
      Board Member                                        Vote
8     Approve Stock Option Plan Grants          For       Did Not    Management
                                                          Vote
9     Approve Non-Renewal of Authority to       For       Did Not    Management
      Increase Capital for Savings-Related                Vote
      Share Purchase Plan.
10    Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

AVENTIS SA (FORMERLY RHONE-POULENC )

Ticker:       WS             Security ID:  FR0000130460
Meeting Date: MAY 11, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.23 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Yves Nicolas as Alternate Auditor  For       For        Management
7     Amend Article 7 to Reflect 2003 Legal     For       Against    Management
      Changes Re: Shareholding Disclosure
      Requirement
8     Amend Article 11 to Set Term of           For       For        Management
      Management Board Members at Three Years
9     Amend Article 13 to Set Term of           For       For        Management
      Supervisory Board Members at Three Years
10    Amend Article 16.5 to Introduce Voting    For       Against    Management
      Right Limitation of 15 Percent of Issued
      Capital
11    Adopt Shareholder Rights Plan (Poison     For       Against    Management
      Pill) Pursuant to Sanofi-Synthelabo
      Hostile Takeover Bid
12    Reelect Jean-Marc Bruel as Supervisory    For       For        Management
      Board Member
13    Reelect Martin Fruhauf as Supervisory     For       For        Management
      Board Member
14    Reelect Serge Kampf as Supervisory Board  For       For        Management
      Member
15    Reelect Hubert Markl as Supervisory Board For       For        Management
      Member
16    Reelect Gunter Metz as Supervisory Board  For       For        Management
      Member
17    Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
18    Reelect Seham Razzouqi as Supervisory     For       For        Management
      Board Member
19    Reelect Michel Renault as Supervisory     For       For        Management
      Board Member
20    Reelect Hans-Jurgen Schinzler as          For       For        Management
      Supervisory Board Member
21    Reelect Marc Vienot as Supervisory Board  For       For        Management
      Member
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AVENTIS SA (FORMERLY RHONE-POULENC )

Ticker:       AVE.X          Security ID:  FR0000130460
Meeting Date: JUN 1, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.23 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Yves Nicolas as Alternate Auditor  For       For        Management
7     Amend Article 7 to Reflect 2003 Legal     For       Against    Management
      Changes Re: Shareholding Disclosure
      Requirement
8     Amend Article 11 to Set Term of           For       For        Management
      Management Board Members at Three Years,
      Down From Five Years Previously
9     Amend Article 13 to Set Term of           For       For        Management
      Supervisory Board Members at Three Years,
      Down From Five Years Previously
10    Reelect Jean-Marc Bruel as Supervisory    For       For        Management
      Board Member
11    Reelect Martin Fruhauf as Supervisory     For       For        Management
      Board Member
12    Reelect Serge Kampf as Supervisory Board  For       For        Management
      Member
13    Reelect Hubert Markl as Supervisory Board For       For        Management
      Member
14    Reelect Gunter Metz as Supervisory Board  For       For        Management
      Member
15    Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
16    Reelect Seham Razzouqi as Supervisory     For       For        Management
      Board Member
17    Reelect Michel Renault as Supervisory     For       For        Management
      Board Member
18    Reelect Hans-Jurgen Schinzler as          For       For        Management
      Supervisory Board Member
19    Reelect Marc Vienot as Supervisory Board  For       For        Management
      Member
20    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

AXA (FORMERLY AXA-UAP)

Ticker:       AXA            Security ID:  FR0000120628
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.57 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Claude Bebear as Supervisory      For       Against    Management
      Board Member
6     Ratify Mazars & Guerard as Auditors       For       For        Management
7     Ratify Jean Louis Simon as Alternate      For       For        Management
      Auditor
8     Elect Willy Avereyn as Representative of  None      Against    Management
      Employee Shareholders to the Supervisory
      Board, Pending Approval of Item 13
9     Elect Cees de Jong as Representative of   None      Against    Management
      Employee Shareholders to the Supervisory
      Board, Pending Approval of Item 13
10    Elect Jacques Tabourot as Representative  For       For        Management
      of Employee Shareholders to the
      Supervisory Board, Pending Approval of
      Item 13
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
13    Amend Article 10 Re: Appointment of       For       For        Management
      Representative of Employee Shareholders
      to the Supervisory Board
14    Amend Article 10 Re: Appointment of       Against   Against    Management
      Employee Representative to the
      Supervisory Board
15    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

BNP PARIBAS SA (FM. BANQUE NATIONALE DE PARIS)

Ticker:                      Security ID:  FR0000131104
Meeting Date: MAY 13, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.175 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Nominal Value of Up to EUR 30 Billion
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Louis Schweitzer as Director      For       For        Management
8     Reelect Lindsay Owen-Jones as Director    For       For        Management
9     Confirm Expiration of Term of David Peake For       For        Management
      as Director
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 340 Million
13    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 1 Billion for Bonus Issue or
      Increase in Par Value
14    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
15    Amend Terms of Capital Increase Reserved  For       For        Management
      for Employees Participating in
      Savings-Related Share Purchase Plan
      Submitted to Shareholder Vote at May 14,
      2003, AGM/EGM
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Amend Articles of Association Re: Role of For       For        Management
      Chairman, Access to Information, Internal
      Control Procedures, Convening of Board
      Meetings, and Signing of the Minutes of
      Board Meetings
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

BOUYGUES SA

Ticker:                      Security ID:  FR0000120503
Meeting Date: APR 22, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Ratify Cooptation of Charles de Croisset  For       For        Management
      as Director
6     Ratify Cooptation of Thierry Jourdaine as For       For        Management
      Director
7     Reelect Charles de Croisset as Director   For       For        Management
8     Reelect Yves Gabriel as Director          For       For        Management
9     Reelect Financiere Pinault as Director    For       For        Management
10    Elect Alain Pouyat as Director            For       For        Management
11    Reappoint Mazars & Guerard as Auditors    For       For        Management
12    Reappoint Thierry Colin as Alternate      For       For        Management
      Auditor
13    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of up to EUR 4
      Billion
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Capital
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 150 Million
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 150 Million
17    Allow Board to Use All Outstanding        For       Against    Management
      Capital Authorizations in the Event of a
      Public Tender Offer or Share Exchange
      Offer
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Approve Stock Option Plan Grants          For       For        Management
21    Amend Articles to Reflect 2003 Financial  For       For        Management
      Security Legislation Re: Responsibilities
      of the Chairman
22    Amend Articles to Reflect 2003 Financial  For       For        Management
      Security Legislation Re: Access to
      Company Information
23    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

BUSINESS OBJECTS S.A.

Ticker:       BOBJ           Security ID:  FR0004026250
Meeting Date: JUN 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Omission For       For        Management
      of Dividends
4     Reelect Arnold Silverman as Director      For       For        Management
5     Reelect Albert Eisentat as Director       For       For        Management
6     Reelect Bernard Charles as Director       For       For        Management
7     Elect Kurt Lauk as Director               For       For        Management
8     Approve Transactions with a Related Party For       For        Management
      Not Previously Approved by the Board
9     Approve Transaction with a Related Party  For       Against    Management
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Arnold
      Silverman
13    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Albert
      Eisenstat
14    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Bernard
      Charles
15    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 45,000 Shares to Kurt Lauk
16    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to Gerald Held
17    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to Jean-Francois
      Heitz
18    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to David
      Peterschmidt
19    Approve Issuance of Warrants Exercisable  For       Against    Management
      Into Up to 30,000 Shares to David Roux
20    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
21    Confirm Terms of 1995 International       For       For        Management
      Employee Stock Purchase Plan
22    Authorize Issuance of Up to 325,000       For       For        Management
      Shares to Business Objects S.A. Employee
      Benefits Trust for Use in 1995
      International Employee Stock Purchase
      Plan
23    Authorize Issuance of Up to 475,000       For       For        Management
      Shares to Business Objects S.A. Employee
      Benefits Trust for Use in 2004
      International Employee Stock Purchase
      Plan
24    Authorize Issuance of Up to 2.5 Million   For       Against    Management
      Shares to Business Objects S.A Employee
      Benefit Sub-Plan Trust Under 2001 Stock
      Option Plan
25    Authorize Board to Rename 2001 Stock      For       Against    Management
      Option Plan as 2001 Stock Incentive Plan
      and to Create Subsidiary Stock Incentive
      Sub-Plan Under 2001 Stock Incentive Plan
26    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights Up to Aggregate Nominal Amount of
      EUR 1.3 Million
27    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights Up to Aggregate Nominal
      Amount of EUR 1.3 Million
28    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 1.3 Million for Bonus Issue or
      Increase in Par Value
29    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities Reserved to
      Qualified Investors Up to Aggregate
      Nominal Amount of EUR 1.3 Million
30    Authorize Issuance of Shares with and     For       Against    Management
      Without Warrants Attached Reserved to
      Board Members in the Maximum Aggregate
      Nominal Amount of EUR 30,000
31    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Shareholding
      Disclosure Requirements, Auditor
      Attendance at Board Meetings, and
      Related-Party Transactions
32    Amend Articles of Association Re:         For       Against    Management
      Cancellation of Warrants
33    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CAP GEMINI SA

Ticker:                      Security ID:  FR0000125338
Meeting Date: APR 15, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Treatment of Losses               For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Ratify Appointment of Yann Delabriere as  For       Against    Management
      Director
7     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
8     Authorize Issuance of Equity with         For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 451 Million
9     Authorize Issuance of Equity without      For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 451 Million
10    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
11    Approve Issuance of Warrants with         For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 400 Million
12    Approve Issuance of Warrants without      For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 400 Million
13    Authorize Issuance of Equity-Linked       For       For        Management
      Securities with Preemptive Rights up to
      Aggregate Nominal Amount of EUR 400
      Million
14    Authorize Issuance of Equity-Linked       For       For        Management
      Securities without Preemptive Rights up
      to Aggregate Nominal Amount of EUR 400
      Million
15    Authorize Capital Increase for Future     For       For        Management
      Exchange Offers
16    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      451 Million
17    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CAP GEMINI SA

Ticker:                      Security ID:  FR0000125338
Meeting Date: DEC 3, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Board to Issue Up to 6,276,554  For       For        Management
      Shares Reserved to Transiciel
      Shareholders Who Tendered Their
      Transiciel Shares Pursuant to Cap Gemini
      Share Exchange Offer
2     Authorize Board to Issue Up to 18,829,662 For       For        Management
      Million Warrants and Up to 1,176,853
      Shares to Transiciel Shareholders Who
      Tendered Their Transiciel Shares Pursuant
      to Alternative to Share Exchange Offer
3     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CARREFOUR S.A.

Ticker:                      Security ID:  FR0000120172
Meeting Date: APR 19, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Acquisition of Societe Financiere For       For        Management
      Labruyere Eberle and Issuance of 6.46
      Million Shares in Connection with
      Acquisition
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 0.74 per Share
5     Amend Articles of Association to Reduce   For       For        Management
      Terms of Board Members from Six Years to
      Four Years
6     Ratify Cooptation of Luc Vandevelde as    For       For        Management
      Director
7     Reelect Daniel Bernard as Director        For       For        Management
8     Reelect Carlos March as Director          For       For        Management
9     Reelect Jacques Badin as Director         For       For        Management
10    Reelect Francois Henrot as Director       For       For        Management
11    Reelect Christian Blanc as Director       For       For        Management
12    Elect Jose-Luis Leal-Maldonado as         For       For        Management
      Director
13    Authorize Repurchase of Up to 71,614,230  For       For        Management
      Shares
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
15    Approve Stock Option Plan Grants          For       For        Management
16    Amend Articles of Association Re: Board   For       For        Management
      Representation, Auditor Participation at
      Board Meetings, and Use of Electronic
      Media at Shareholder Meetings


--------------------------------------------------------------------------------

CASINO GUICHARD-PERRACHON & CIE

Ticker:                      Security ID:  FR0000125585
Meeting Date: SEP 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Unitary Board Structure             For       For        Management
2     Adopt New Articles of Asscociation to     For       For        Management
      Reflect Changes in Board Structure
3     Confirm Authorities to Issue Equity and   For       Against    Management
      Equity-Linked Securities with and without
      Preemptive Rights and Authority to Reduce
      Share Capital via Cancellation of
      Repurchased Shares Approved by
      Shareholders at 2001, 2002, and 2003 EGMs
4     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
5     Elect Pierre Bouchut as Director          For       Against    Management
6     Elect Christian Couvreux as Director      For       Against    Management
7     Elect David Dautresme as Director         For       Against    Management
8     Elect Abilio Dos Santos Diniz as Director For       Against    Management
9     Elect Antoine Guichard as Director        For       Against    Management
10    Elect Yves Guichard as Director           For       Against    Management
11    Elect Philippe Houze as Director          For       Against    Management
12    Elect Marc Ladreit de Lacharriere as      For       Against    Management
      Director
13    Elect Francis Mayer as Director           For       Against    Management
14    Elect Jean-Charles Naouri as Director     For       Against    Management
15    Elect Gilles Pinoncely as Director        For       Against    Management
16    Elect David de Rothschild as Director     For       Against    Management
17    Elect Societe Euris as Director           For       Against    Management
18    Elect Societe Finatis as Director         For       Against    Management
19    Elect Fonciere Euris as Director          For       Against    Management
20    Elect Groupe Euris as Director            For       Against    Management
21    Elect Omnium de Commerce et de            For       Against    Management
      Participations SAS as Director
22    Elect Societe Parcade SAS as Director     For       Against    Management
23    Appoint Jacques Getten as Censor          For       For        Management
24    Appoint Gerard Mestrallet as Censor       For       For        Management
25    Confirm Authority to Issue                For       For        Management
      Bonds/Debentures and Authority to
      Repurchase Shares Approved by
      Shareholders at May 2003 AGM
26    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 610,000
27    Approve Remuneration of Censors in the    For       For        Management
      Aggregate Amount of EUR 50,000
28    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

COMPAGNIE DE SAINT GOBAIN

Ticker:                      Security ID:  FR0000125007
Meeting Date: MAY 10, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.725 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Reelect Jean-Louis Beffa as Director      For       For        Management
7     Reelect Isabelle Bouillot as Director     For       For        Management
8     Reelect Sylvia Jay as Director            For       For        Management
9     Reelect Jose Luis Leal as Director        For       For        Management
10    Ratify Appointment of Gian Paolo Caccini  For       For        Management
      as Director
11    Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
12    Ratify KPMG Audit as Auditors             For       For        Management
13    Ratify Yves Nicolas as Alternate Auditor  For       For        Management
14    Ratify Jean-Paul Vellutini as Alternate   For       For        Management
      Auditor
15    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Shareholding
      Disclosure Requirement, Access to Company
      Information, and Responsibilities of the
      Chairman
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

CREDIT AGRICOLE SA

Ticker:                      Security ID:  FR0000045072
Meeting Date: MAY 19, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.825 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Elect Alain Dieval as Director in         For       Against    Management
      Replacement of Pierre Bastide
6     Elect Daniel Lebegue as Director in       For       Against    Management
      Replacement of Jean Peyrelevade
7     Elect Michel Michaut as Director in       For       Against    Management
      Replacement of Jean-Marie Sander
8     Reelect Pierre Bru as Director            For       Against    Management
9     Reelect Yves Couturier as Director        For       Against    Management
10    Reelect Pierre Kerfriden as Director      For       Against    Management
11    Reelect Jean Le Brun as Director          For       Against    Management
12    Confirm End of Term of Cabinet Alain      For       For        Management
      Laine as Auditors and Cabinet Mazars &
      Guerard as Deputy Auditor and Appoint New
      Auditors
13    Authorize Issuance of Bonds/Debentures Up For       For        Management
      to Aggregate Amount of EUR 20 Billion
14    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 670,000
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
17    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 1 Bilion
18    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 3 Billion for Bonus Issue or
      Increase in Par Value
19    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

DASSAULT SYSTEMES SA

Ticker:       DASXY          Security ID:  FR0000130650
Meeting Date: JUN 2, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
2     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.51 per Share
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 140,000
7     Ratify Ernst & Young Audit                For       For        Management
8     Ratify Francois Carrega as Alternate      For       For        Management
      Auditor
9     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of EUR 1 Billion
10    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes Re: Access to
      Information, Related-Party Transactions,
      and Auditors
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 25 Million
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 25 Million
14    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 25 Million for Bonus Issue or
      Increase in Par Value
15    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
16    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
17    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 15 Million
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ESSILOR INTERNATIONAL

Ticker:                      Security ID:  FR0000121667
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, Consolidated Financial
      Statements, and Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.84 per Share
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Reelect Xavier Fontanet as Director       For       For        Management
5     Elect Louis Lesperance as Director        For       For        Management
6     Elect Jean-Pierre Martin as Director      For       For        Management
7     Elect Yves Chevillotte as Director        For       For        Management
8     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 165,000
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

EURONEXT

Ticker:                      Security ID:  NL0000241511
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Secretary of Meeting                For       For        Management
3.1   Receive Report of Management Board        None      Abstain    Management
3.2   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.3   Approve Dividend in the Amount of EUR     For       For        Management
      0.50 Per Share; Receive Explanation of
      Reserves and Dividend Policy
3.4   Approve Discharge of Management Board     For       For        Management
3.5   Approve Discharge of Supervisory Board    For       For        Management
4     Discussion about Company's Corporate      None      None       Management
      Governance Report
5     Receive Explanation of Remuneration       None      None       Management
      Policy of Management Board
6.1   Approve Stock Option Plan (Conditional    For       For        Management
      Upon Approval of Items 6.2 and 6.3)
6.2   Approve Grant of 760,000 Stock Options to For       For        Management
      Key Employees and Management Board
      Members (Conditional Upon Approval of
      Items 6.1 and 6.3)
6.3   Approve Performance Criteria of Stock     For       For        Management
      Option Plan (Conditional Upon Approval of
      Items 6.1 and 6.2)
6.4   Approve Grant of Stock Options to         For       For        Management
      Individual Management Board Members
      (Included in the 760,000 Stock Options
      Under Item 6.2)
7.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7.2   Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
8     Reelect J. Hessels, D. Hoenn, and J.      For       For        Management
      Peterbroeck to Supervisory Board; Elect
      P. Houel to Supervisory Board
9     Approve Remuneration of Supervisory Board For       For        Management
      Committee Members (EUR 7,500 for Audit
      Committee Members; EUR 5,000 for
      Remuneration/Nomination Committee
      Members; EUR 3,000 for IT Committee
      Members)
10    Ratify Ernst & Young as Auditors          For       For        Management
11    Other Business (Non-Voting)               None      Against    Management
12    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

FRANCE TELECOM SA

Ticker:                      Security ID:  FR0000133308
Meeting Date: APR 9, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors for Fiscal Year Ended
      Dec. 2003
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports for Fiscal Year
      Ended Dec. 2003
3     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 0.25 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Fix Issue Price of Previous Authority to  For       For        Management
      Issue Equity or Equity-Linked Securities
      without Preemptive Rights Submitted to
      Shareholder Vote at Feb. 25, 2003 EGM to
      Increase Capital by up to EUR 30 Billion
7     Amend Article 1, 2, and 7 to Reflect 2003 For       For        Management
      Legislative Changes, Postal Service and
      Telecommunication Code, and European
      Parliament Directives
8     Amend Articles to Reflect 2003            For       For        Management
      Legislative Changes; Remove French
      Government Obligation to Retain Majority
      Stake in Company and Amend Articles with
      Respect to Board Composition
9     Amend Articles to Reflect Potential       For       For        Management
      Change in Control with Respect to Powers
      of Chairman and Management
10    Amend Articles of Association to          For       For        Management
      Introduce Liquidation Provision
11    Authorize Board to Issue Up to 30 Million For       For        Management
      Shares to Participants of Wanadoo Stock
      Option Plan in Connection with France
      Telecom Liquidity Agreement
12    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

FRANCE TELECOM SA

Ticker:                      Security ID:  FR0000133308
Meeting Date: OCT 6, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Terms of Share Repurchase Plan      For       For        Management
      Submitted to Shareholder Vote at May 27,
      2003, AGM/EGM
2     Authorize Board to Issue Up to 100        For       For        Management
      Million Shares to Participants of
      Orange's Stock Option Plan, Share
      Purchase Plan, Orange Senior
      Discretionary Share Plan and Restricted
      Share Plan, As Well As Signatories of
      France Telecom Liquidity Agreement
3     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
4     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

GECINA

Ticker:                      Security ID:  FR0000131518
Meeting Date: DEC 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Location of Registered             For       For        Management
      Office/Headquarters
2     Approve Acquisition of Simco              For       For        Management
3     Issue 647,262 Shares in Connection with   For       For        Management
      an Acquisition
4     Approve Accounting Treatment of the       For       For        Management
      Premium Consequent to the Acquisition of
      Simco
5     Assume Debt (3.25 Percent Convertible     For       For        Management
      Bonds) Issued by Simco
6     Amend Terms of Outstanding Options        For       For        Management
      Granted by Simco in Connection with
      Acquisition by Company
7     Confirm Acquisition of Simco as of Dec.   For       For        Management
      31, 2003
8     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
9     Amend Articles to Reflect Changes in      For       For        Management
      Capital
10    Approve a 2-for-1 Stock Split             For       For        Management
11    Amend Articles Re: Mandatory Conversion   For       Against    Management
      of Bearer Shares to Registered Shares
12    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

GROUPE DANONE

Ticker:       DA             Security ID:  FR0000120644
Meeting Date: APR 6, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
2     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, and Consolidated Financial
      Statements
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.675 per Share
4     Ratify Changed Location of Registered     For       For        Management
      Office/Headquarters
5     Reelect Franck Riboud as Director         For       For        Management
6     Reelect Emmanuel Faber as Director        For       For        Management
7     Maintain Jerome Seydoux as Director       For       For        Management
8     Ratify Mazars & Guerard as Auditors       For       For        Management
9     Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
10    Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditor
11    Ratify Anne Monteil as Alternate Auditor  For       For        Management
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 45 Million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 45 Million
15    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
16    Adopt New Articles Pursuant to Amendments For       Against    Management
      to Reflect Financial Security
      legislation, and Amended Corporate
      Purpose
17    Approve 2-for-1 Stock Split               For       For        Management
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

HERMES INTERNATIONAL

Ticker:                      Security ID:  FR0000052292
Meeting Date: JUN 8, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Discharge of Directors            For       For        Management
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.70 per Share
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

IMERYS (FORMERLY IMETAL)

Ticker:                      Security ID:  FR0000120859
Meeting Date: MAY 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 7.50 per Share
5     Reelect Paul Desmarais, Jr. as            For       For        Management
      Supervisory Board Member
6     Reelect Jocelyn Lefebvre as Supervisory   For       Against    Management
      Board Member
7     Reelect Eric Le Moyne de Serigny as       For       For        Management
      Supervisory Board Member
8     Reelect Yves-Rene Nanot as Supervisory    For       For        Management
      Board Member
9     Reelect Edouard de Rothschild as          For       For        Management
      Supervisory Board Member
10    Appoint Ernst & Young Audit and Deloitte  For       For        Management
      Touche Tohmatsu as Auditors and Jean-Marc
      Montserrat and BEAS as Alternate Auditors
11    Approve Terms of Amended and Restated     For       For        Management
      2000 Employee Stock Purchase Plan
      Reserved for Employees of American
      Subsidiaries
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Approve Four-for-One Stock Split          For       For        Management
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 60 Million
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 60 Million
16    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 60 Million for Bonus Issue or
      Increase in Par Value
17    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      90 Million
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Amend Article 24 in Accordance with 2003  For       Against    Management
      Legal Changes Re: Related-Party
      Transactions
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

KLEPIERRE

Ticker:                      Security ID:  FR0000121964
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2 per Share
5     Approve Stock Dividend Program            For       For        Management
6     Reelect Jean Nunez as Supervisory Board   For       Against    Management
      Member
7     Reelect Laurent Treca as Supervisory      For       For        Management
      Board Member
8     Reelect Bertrand Letamendia as            For       For        Management
      Supervisory Board Member
9     Reelect Bertrand Jacquillat as            For       For        Management
      Supervisory Board Member
10    Reelect Christian Manset as Supervisory   For       Against    Management
      Board Member
11    Reelect Vivien Levy-Garboua as            For       Against    Management
      Supervisory Board Member
12    Reelect Bertrand de Feydeau as            For       For        Management
      Supervisory Board Member
13    Elect Jerome Bedier as Supervisory Board  For       For        Management
      Member
14    Elect Dominique Hoenn as Supervisory      For       For        Management
      Board Member
15    Appoint Cabinet Mazars et Guerard as      For       For        Management
      Auditors and Patrick de Cambourg as
      Deputy Auditors
16    Appoint Cabinet Ernst & Young Audit as    For       For        Management
      Auditors and Christian Mouillon as Deputy
      Auditors
17    Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      150,000
18    Authorize Share Repurchase                For       For        Management
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 60 Million
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 60 Million
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
23    Amend Articles to Enable Directors to     For       Against    Management
      Retire by Rotation
24    Amend Articles of Association to Reflect  For       Against    Management
      2003 Financial Security Legislation Re:
      Shareholding Disclosure and Related Party
      Transactions
25    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

KLEPIERRE

Ticker:                      Security ID:  FR0000121964
Meeting Date: SEP 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Vivien Levy as Supervisory Board    For       For        Management
      Member
2     Amend Articles of Association to Conform  For       For        Management
      with New Tax Code for Real Estate
      Companies
3     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

L'OREAL

Ticker:       LORLY          Security ID:  FR0000120321
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.10 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Rainer E. Gut as Director         For       Against    Management
6     Elect Bernard Kasriel as Director         For       Against    Management
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 1 Million
8     Appoint PricewaterhouseCoopers Audit as   For       For        Management
      Auditors and Yves Nicolas as Deputy
      Auditor
9     Appoint Deloitte Touche Tohmatsu Audit as For       For        Management
      Auditors and Jean-Paul Picard as Deputy
      Auditor
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

L'OREAL

Ticker:       LORLY          Security ID:  FR0000120321
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Remove Double-Voting Rights for Long-Term For       For        Management
      Registered Shareholders and Amend
      Articles of Association Accordingly


--------------------------------------------------------------------------------

L'OREAL

Ticker:       LORLY          Security ID:  FR0000120321
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Remove Double-Voting Rights for Long-Term For       For        Management
      Registered Shareholders, Pending Approval
      of Item 3
2     Amend Articles of Association to Allow    For       For        Management
      Registered Shareholders to Register
      Holdings in Their Name by the Day of the
      Meeting, Pending Approval of Item 3
3     Approve Merger by Absorption of Gesparal; For       For        Management
      Approve Dissolution of Gesparal without
      Liquidation
4     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of L'Oreal Shares Held by
      Gesparal
5     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

LAFARGE

Ticker:       LFGCY          Security ID:  FR0000120537
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income, Dividends   For       For        Management
      of EUR 3.45 per Share, and Stock Dividend
      Program
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Ratify Cooptation of Juan Gallardo as     For       For        Management
      Director
6     Reelect Jean Keller as Director           For       For        Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissunace of
      Repurchased Shares
8     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

LAGARDERE S.C.A.

Ticker:                      Security ID:  FR0000130213
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.35 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Reelect Raymond H. Levy as Supervisory    For       For        Management
      Board Member
7     Reelect Pehr G. Gyllenhammar as           For       For        Management
      Supervisory Board Member
8     Reelect Pierre Lescure as Supervisory     For       For        Management
      Board Member
9     Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
10    Reelect Felix G. Rohatyn as Supervisory   For       For        Management
      Board Member
11    Reelect Groupama S.A. as Supervisory      For       For        Management
      Board Member
12    Reelect Manfred Bischoff as Supervisory   For       For        Management
      Board Member
13    Reelect George Chaudron de Courcel as     For       For        Management
      Supervisory Board Member
14    Reelect Christian Marbach as Supervisory  For       For        Management
      Board Member
15    Reelect Bernard Mirat as Supervisory      For       For        Management
      Board Member
16    Elect Bernard Arnaud as Supervisory Board For       Against    Management
      Member
17    Elect Dr. Hubert Burda as Supervisory     For       Against    Management
      Board Member
18    Elect Rene Carron as Supervisory Board    For       Against    Management
      Member
19    Elect Henri Proglio as Supervisory Board  For       Against    Management
      Member
20    Elect Francois Roussely as Supervisory    For       Against    Management
      Board Member
21    Appoint Bernard Esambert as Censor        For       For        Management
22    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 600,000
23    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Nominal Value of EUR 3
      Billion
24    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 300 Million
25    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 300 Million
26    Authorize Capital Increase of Up to EUR   For       For        Management
      300 Million for Future Exchange Offers
27    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 300 Million for Bonus Issue or
      Increase in Par Value
28    Set Global Limit for Capital Increase to  For       For        Management
      Result from Issuance Requests Pursuant to
      Items 24, 25 and 26 at EUR 300 Million
29    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
30    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
31    Approve Stock Option Plan Grants          For       For        Management
32    Amend Articles of Association to Reflect  For       Against    Management
      2003 Legal Changes to French Commercial
      Code Re: Related-Party Transactions
33    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

PERNOD RICARD

Ticker:                      Security ID:  FR0000120693
Meeting Date: MAY 17, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Consolidated Financial            For       Abstain    Management
      Statements, Statutory Reports and
      Discharge Directors
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.96 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Patrick Ricard as Director        For       For        Management
6     Elect Richard Burrows as Director         For       For        Management
7     Elect Pierre Pringuet as Director         For       For        Management
8     Ratify Mazars & Guerard as Auditors       For       For        Management
9     Ratify Patrick de Cambourg as Alternate   For       For        Management
      Auditor
10    Approve Expiration of Term of Salustro    For       For        Management
      Reydel as Alternate Auditor
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 864,450
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Nominal Value of Up to EUR
      3 Billion
14    Change Fiscal Year End to June 30 and     For       For        Management
      Amend Articles Accordingly
15    Amend Articles of Association Re: Board   For       For        Management
      Size and Terms of Directors
16    Amend Articles of Association to Reflect  For       For        Management
      2003 Legal Changes Re: Role of Chairman,
      Access to Information, Related-Party
      Transactions, and Auditor Attendance at
      Board Meetings
17    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
18    Approve Stock Option Plan Grants          For       For        Management
19    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 200 Million
21    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

PEUGEOT S.A.

Ticker:                      Security ID:  FR0000121501
Meeting Date: MAY 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.025 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Thierry Peugeot as Supervisory    For       Against    Management
      Board Member
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 340,000
7     Authorize Repurchase of Up to 24 Million  For       For        Management
      Shares
8     Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
9     Approve Stock Option Plan Grants          For       Against    Management


--------------------------------------------------------------------------------

PINAULT-PRINTEMPS-REDOUTE

Ticker:                      Security ID:  FR0000121485
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 2.40 per Share
5     Reelect Patricia Barbizet as Supervisory  For       Against    Management
      Board Member
6     Reelect Francois Henrot as Supervisory    For       For        Management
      Board Member
7     Reelect Rene Barbier de La Serre as       For       For        Management
      Supervisory Board Member
8     Reelect Luca Cordero di Montezemolo as    For       For        Management
      Supervisory Board Member
9     Reelect Francois Pinault as Supervisory   For       For        Management
      Board Member
10    Reappoint KPMG SA as Auditors             For       For        Management
11    Ratify Jean-Claude Andre et Autres as     For       For        Management
      Alternate Auditors
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Change Location of Registered             For       For        Management
      Office/Headquarters
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 200 Million
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 50 Million
17    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

RENAULT

Ticker:                      Security ID:  FR0000131906
Meeting Date: APR 16, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.40 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Francois de Combret as Director   For       For        Management
6     Reelect Bernard Larrouturou as Director   For       For        Management
7     Elect Jean-Louis Girodolle as Director    For       For        Management
8     Elect Itaru Koeda as Director             For       For        Management
9     Elect Francois Pinault as Director        For       For        Management
10    Approve Discharge of Yoshikazu Hanawa     For       For        Management
11    Approve Discharge of Bruno Bezard         For       For        Management
12    Approve Discharge of Jeanne Seyvet        For       For        Management
13    Confirm Receipt of Special Auditors'      For       Abstain    Management
      Report Regarding Remuneration of
      Participating Stock
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Amount of EUR 4 Billion
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Maintain Authority to Issue Equity and    For       For        Management
      Equity-Linked Securities without
      Preemptive Rights Submitted to
      Shareholder Vote on April 29, 2003, to
      Increase Capital by Up to EUR 300 Million
18    Amend Articles of Association to Increase For       For        Management
      the Number of Directors to Be Elected by
      Shareholders
19    Amend Articles of Association to Reflect  For       Against    Management
      Financial Security Legislation Re:
      Shareholding Disclosure Requirement
20    Elect Charles de Croisset as Director     For       For        Management
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SAGEM S.A.

Ticker:                      Security ID:  FR0000073272
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Subject to Approval of Resolutions 5, 6,  For       For        Management
      and 10 Below, Authorize Capitalization of
      Reserves in the Amount of EUR 5.55
      Million for Bonus Issue
2     Consequento to Item 1, Carry Out Bonus    For       For        Management
      Issuance of 5.55 Million New Shares
      According to the Ratio of One New Share
      For Every Six Old Shares Held
3     Amend Article 32 Re: Double Voting-Rights For       Against    Management
      to Long-Term Registered Shareholders
4     Subject to Resolutions 1, 2, 5, 6, and    For       For        Management
      10, Approve Capital Increase Reserved for
      Employees Participating in
      Savings-Related Share Purchase Plan
5     Approve Merger by Absorption of COFICEM   For       For        Management
6     Approve Issuance of 15.6 Million Shares   For       For        Management
      in Connection with Absorption of COFICEM
      with an Exchange Ratio of 4:1
7     Confirm Merger by Absorption of COFICEM   For       For        Management
8     Approve Accounting Treatment of the       For       For        Management
      Premium Consequent to the Absorption of
      COFICEM
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Sagem Shares Currently
      Held by COFICEM in Treasury, Consequent
      to the Absorption
10    Approve Merger by Absorption of SAGEM     For       For        Management
      International
11    Confirm Completion of Absorption and      For       For        Management
      Dissolution Without Liquidation of SAGEM
      International
12    Confirm Existence of a Premium Consequent For       For        Management
      to the Absorption of SAGEM International
13    Approve Accounting Treatment of the       For       For        Management
      Premium Consequent to the Absorption of
      SAGEM International
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Sagem Shares Held by
      SAGEM International in Treasury,
      Consequent to the Absorption of COFICEM
15    Amend Articles to Reflect Changes in      For       For        Management
      Capital
16    Approve Standard Accounting Transfers To  For       For        Management
      Reduce Legal Reserve Consequent To
      Changes in Capital
17    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SANOFI-SYNTHELABO (FORMERLY SANOFI)

Ticker:                      Security ID:  FR0000120578
Meeting Date: JUN 23, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.53 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of EUR 7 Billion
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 750 Million; Set Global Limit for
      Capital Increase to Result from Issuance
      Requests in Items 7-10 at EUR 1.25
      Billion
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 750 Million
9     Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
10    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 500 Million for Bonus Issue or
      Increase in Par Value
11    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
12    Approve Stock Option Plan Grants          For       Against    Management
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Capital Increase of Up to EUR   For       For        Management
      1.429 Billion for Aventis Exchange Offer
15    Change Company Name to Sanofi-Aventis     For       For        Management
16    Amend Articles of Association to Reduce   For       For        Management
      Term of Board Members from Five to Four
      Years
17    Amend Articles to Reflect 2003 Legal      For       For        Management
      Changes Re: Powers of the Chairman
18    Reelect Jean-Francois Dehecq as Director  For       For        Management
      (Representing Sanofi-Synthelabo)
19    Reelect Rene Barbier de la Serre as       For       For        Management
      Director (Representing Sanofi-Synthelabo)
20    Reelect Robert Castaigne as Director      For       For        Management
      (Representing Sanofi-Synthelabo)
21    Reelect Thierry Desmarest as Director     For       For        Management
      (Representing Sanofi-Synthelabo)
22    Reelect Lindsay Owen-Jones as Director    For       For        Management
      (Representing Sanofi-Synthelabo)
23    Reelect Bruno Weymuller as Director       For       For        Management
      (Representing Sanofi-Synthelabo)
24    Confirm Appointment of Lord Douro as      For       For        Management
      Director (Representing Sanofi-Synthelabo)
25    Confirm Appointment of Gerard Van Kemmel  For       For        Management
      as Director (Representing
      Sanofi-Synthelabo)
26    Elect Christian Mulliez as Director       For       For        Management
      (Representing Sanofi-Synthelabo)
27    Elect Jean-Marc Bruel as Director         For       For        Management
      (Representing Aventis)
28    Elect Jurgen Dormann as Director          For       For        Management
      (Representing Aventis)
29    Elect Jean-Rene Fourtou as Director       For       For        Management
      (Representing Aventis)
30    Elect Serge Kampf as Director             For       For        Management
      (Representing Aventis)
31    Elect Igor Landau as Director             For       For        Management
      (Representing Aventis)
32    Elect Hubert Markl as Director            For       For        Management
      (Representing Aventis)
33    Elect Klaus Pohle as Director             For       For        Management
      (Representing Aventis)
34    Elect Hermann Scholl as Director          For       For        Management
      (Representing Aventis)
35    Confirm End of Term of Permanent          For       For        Management
      Representative of Elf Aquitaine, L'Oreal,
      Pierre Castres Saint-Martin,
      Pierre-Gilles de Gennes, and Herve Guerin
      as Directors
36    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of Up to EUR 1 Million
37    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SCHNEIDER ELECTRIC SA (FORMERLY SCHNEIDER SA)

Ticker:                      Security ID:  FR0000121972
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.65 per Share
5     Elect Caisse des Depots et Consignations, For       For        Management
      Represented by Jerome Gallot, as Director
6     Elect Chris C. Richardson as Director     For       For        Management
7     Reelect Alain Burq as Representative of   For       For        Management
      Employee Shareholders to the Board
8     Reelect Daniel Bouton as Director         For       For        Management
9     Reelect Thierry Breton as Director        For       For        Management
10    Reelect Willy Kissling as Director        For       For        Management
11    Reelect Piero Sierra as Director          For       For        Management
12    Reappoint Barbier Frinault et Autres      For       For        Management
      (Ernst & Young) as Auditors
13    Ratify Philippe Diu as Alternate Auditor  For       For        Management
      to Barbier Frinault et Autres (Ernst &
      Young)
14    Appoint Mazars & Guerard as Auditor       For       For        Management
15    Ratify Charles Vincensini as Alternate    For       For        Management
      Auditor to Mazars & Guerard
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
17    Amend Articles of Association to          For       For        Management
      Authorize the Appointment of Censors
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Stock Option Plan Grants          For       Against    Management
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SOCIETE BIC

Ticker:                      Security ID:  FR0000120966
Meeting Date: JUN 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.20 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 124,000
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Bruno Bich as Director            For       Against    Management
8     Reelect Mario Guevara as Director         For       Against    Management
9     Reelect Gilles Pelisson as Director       For       Against    Management
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 50 Million
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities or Warrants
      without Preemptive Rights up to Aggregate
      Nominal Amount of EUR 50 Million
13    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
14    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
15    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SOCIETE GENERALE

Ticker:       SCGLY          Security ID:  FR0000130809
Meeting Date: APR 12, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.75 per Share
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Ratify Appointment of Jean Azema as       For       For        Management
      Director
6     Reelect Philippe Citerne as Director      For       For        Management
7     Reelect Antoine Jeancourt Galignani as    For       For        Management
      Director
8     Reelect Euan Baird as Director            For       For        Management
9     Reelect Michel Cicurel as Director        For       For        Management
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Amend Articles of Association to Reflect  For       For        Management
      2003 Legal Changes Re: Internal Control
      Measures and Role of Chairman
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 900 Million
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 300 Million
14    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
15    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
16    Approve Stock Option Plan Grants          For       For        Management
17    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

SODEXHO ALLIANCE SA

Ticker:                      Security ID:  FR0000121220
Meeting Date: FEB 3, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements,             For       Abstain    Management
      Consolidated Financial Statements, and
      Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.915 per Share
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
5     Reelect Pierre Bellon as Director         For       Against    Management
6     Reelect Remi Baudin as Director           For       Against    Management
7     Reelect Astrid Bellon as Director         For       For        Management
8     Reelect Francois-Xavier Bellon as         For       For        Management
      Director
9     Reelect Sophie Clamens as Director        For       For        Management
10    Reelect Nathalie Szabo as Director        For       For        Management
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 300,000
12    Authorize Issuance of Bonds/Debentures    For       For        Management
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 63 Million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 63 Million
15    Approve Stock Option Plan Grants          For       For        Management
16    Authorize Board to Increase Capital to    For       For        Management
      Service Company Savings-Related Share
      Purchase Plan
17    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
A     Shareholder Proposal: Decrease Tenure     Against   Against    Shareholder
      Requirement for Double Voting Rights from
      Four to Two Years
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

STMICROELECTRONICS N.V.

Ticker:       STM            Security ID:  NL0000226223
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Receive Report of Supervisory Board       None      Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5     Approve Discharge of Management Board     For       For        Management
6     Approve Discharge of Supervisory Board    For       For        Management
7     Approve Dividend of $0.12 Per Ordinary    For       For        Management
      Share
8     Elect Gerald Arbola as New Member of      For       For        Management
      Supervisory Board
9     Elect Didier Lombard as New Member of     For       For        Management
      Supervisory Board
10    Approve Remuneration of Supervisory Board For       For        Management
11    Approve Employee Stock Purchase Plan      For       For        Management
12    Grant Supervisory Board Authority for     For       Against    Management
      Five Years to Issue All Authorized but
      Unissued Shares Restricting/Excluding
      Preemptive Rights
13    Lower Quorum Requirement for General      For       Against    Management
      Meeting from One-Third to 15 Percent of
      Issued Share Capital
14    Amend Articles to Reflect Lowering of     For       Against    Management
      Quorum Requirement (Item 13)
15    Approve Company's Corporate Governance    For       For        Management
      Policy
16    Allow Questions                           None      None       Management
17    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SUEZ SA(FORMERLY SUEZ LYONNAISE DES EAUX)

Ticker:                      Security ID:  FR0000120529
Meeting Date: APR 20, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 1.065 per Share
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
5     Reelect Gerhard Cromme as Director        For       For        Management
6     Reelect Etienne Davignon as Director      For       For        Management
7     Reelect Albert Frere as Director          For       For        Management
8     Reelect Jean Peyrelevade as Director      For       For        Management
9     Reelect Edmond Alphandery as Director     For       For        Management
10    Elect Rene Carron as Director             For       For        Management
11    Elect Thierry Rudder as Director          For       For        Management
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 700 Million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 700 Million
15    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
16    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
17    Approve Issuance of Up to 15 Million      For       For        Management
      Shares to Spring Multiple 2004 SCA in
      Connection with Share Purchase Plan for
      Employees of International Subsidiaries
18    Approve Stock Option Plan Grants          For       For        Management
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TECHNIP (FORMERLY TECHNIP-COFLEXIP)

Ticker:       TNHPY          Security ID:  FR0000131708
Meeting Date: JUL 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger by Absorption of Coflexip  For       Did Not    Management
      and Issuance of 330,332 Technip-Coflexip            Vote
      Shares
2     Approve Accounting Treatment of           For       Did Not    Management
      Absorption                                          Vote
3     Approve Terms of Conversion of Coflexip   For       Did Not    Management
      Stock Options                                       Vote
4     Approve Dissolution of Coflexip without   For       Did Not    Management
      Liquidation                                         Vote
5     Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
6     Approve Capital Increase Reserved for     For       Did Not    Management
      Employees Participating in                          Vote
      Savings-Related Share Purchase Plan
7     Approve Capital Increase Reserved for     For       Did Not    Management
      Employees Participating in International            Vote
      Stock Purchase Plan
8     Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote
9     Elect Olivier Appert as Director          For       Did Not    Management
                                                          Vote
10    Authorize Filing of Required              For       Did Not    Management
      Documents/Other Formalities                         Vote


--------------------------------------------------------------------------------

TECHNIP (FORMERLY TECHNIP-COFLEXIP)

Ticker:       TNHPY          Security ID:  FR0000131708
Meeting Date: JUL 3, 2003    Meeting Type: Special
Record Date:  JUN 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger by Absorption of Coflexip  For       For        Management
      and Issuance of 330,332 Technip-Coflexip
      Shares
2     Approve Accounting Treatment of           For       For        Management
      Absorption
3     Approve Terms of Conversion of Coflexip   For       For        Management
      Stock Options
4     Approve Dissolution of Coflexip without   For       For        Management
      Liquidation
5     Amend Articles to Reflect Changes in      For       For        Management
      Capital
6     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
7     Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in International
      Stock Purchase Plan
8     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
9     Elect Olivier Appert as Director          For       Against    Management
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TECHNIP (FORMERLY TECHNIP-COFLEXIP)

Ticker:       TNHPY          Security ID:  FR0000131708
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 4.95 per Share
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Approve Discharge of Management and       For       For        Management
      Supervisory Board
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 250,000
7     Ratify Cabinet Barbier, Frinault et       For       For        Management
      Autres as Auditors
8     Ratify PricewaterhouseCoopers Audit as    For       For        Management
      Auditors
9     Ratify Christian Chochon as Alternate     For       For        Management
      Auditors
10    Ratify Yves Nicolas as Alternate Auditors For       For        Management
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Amend Articles of Association to Reflect  For       For        Management
      2003 Legal Changes to French Commercial
      Code
13    Approve Capital Increase Reserved for     For       For        Management
      Employees of American Subsidiaries
      Participating in Share Purchase Plan
      Pursuant to Authorization Granted in Item
      6 at the July 11, 2003, Shareholder
      Meeting
14    Authorize Capital Increase of Up to EUR   For       For        Management
      37.5 Million for Future Exchange Offers
15    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TELEVISION FRANCAISE 1

Ticker:                      Security ID:  FR0000054900
Meeting Date: APR 20, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.975 per Share
5     Receive Special Directors' Report         For       Abstain    Management
      Regarding Stock Option Grants
6     Receive Chairman's and Auditors' Report   For       Abstain    Management
      Regarding Internal Control Procedures
7     Reelect Alain Pouyat as Director          For       For        Management
8     Confirm Election of Employee              For       Against    Management
      Representatives to the Board
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Authorize Issuance of Bonds/Debentures    For       Against    Management
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 120 Million
13    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 120 Million
14    Authorize Capital Increase of Up to EUR   For       Against    Management
      120 Million for Future Exchange Offers
15    Set Global Limit for Capital Increase to  For       Against    Management
      Result from All Issuance Requests at EUR
      120 Million
16    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
17    Approve Issuance of Equity-Linked         For       For        Management
      Securities Reserved for Employees
      Participating in Savings-Related Share
      Purchase Plan
18    Amend Articles of Association to Reflect  For       For        Management
      2003 Regulation Changes Re: Related-Party
      Transactions and Internal Control
      Procedures
19    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

TOTAL S.A. (FORMERLY TOTAL FINA ELF  S.A )

Ticker:       TOT            Security ID:  FR0000120271
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 4.70 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
6     Authorize Issuance of Bonds/Debentures    For       For        Management
7     Reelect Thierry Desmarest as Director     For       For        Management
8     Reelect Thierry de Rudder as Director     For       For        Management
9     Reelect Serge Tchuruk as Director         For       For        Management
10    Elect Daniel Boeuf as Representative of   For       For        Management
      Employee Shareholders to the Board
11    Elect Philippe Marchandise as             Against   Against    Management
      Representative of Employee Shareholders
      to the Board
12    Elect Cyril Mouche as Representative of   Against   Against    Management
      Employee Shareholders to the Board
13    Elect Alan Cramer as Representative of    Against   Against    Management
      Employee Shareholders to the Board
14    Ratify Ernst & Young Audit as Auditors    For       For        Management
15    Ratify KPMG Audit as Auditors             For       For        Management
16    Ratify Pierre Jouanne as Alternate        For       For        Management
      Auditor
17    Ratify Jean-Luc Decornoy as Alternate     For       For        Management
      Auditor
18    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 900,000
19    Approve Stock Option Plan Grants          For       For        Management
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 4 Billion
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 2 Billion
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan


--------------------------------------------------------------------------------

UNIBAIL HOLDING(FRMLY UNIBAIL)

Ticker:                      Security ID:  FR0000124711
Meeting Date: MAR 31, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 3.50 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Reelect Jean-Claude Jolain as Director    For       For        Management
6     Reelect Henri Moulard as Director         For       For        Management
7     Reelect Jean-Jacques Rosa as Director     For       For        Management
8     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 350,000
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VALEO

Ticker:       VLEEY          Security ID:  FR0000130338
Meeting Date: MAR 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Accounting Transfer of Holdings   For       For        Management
      Account Balance to Carry-Forward Account
5     Approve Accounting Transfer of Special    For       For        Management
      Reserves Account Balance to Ordinary
      Reserves Account
6     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.05 per Share
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Ratify PricewaterhouseCoopers Audit S.A.  For       For        Management
      as Auditors
9     Ratify RSM Salustro Reydel as Auditors    For       For        Management
10    Ratify Yves Nicolas as Alternate Auditors For       For        Management
11    Ratify Philippe Arnaud as Alternate       For       For        Management
      Auditors
12    Approve Stock Option Plan Grants          For       Against    Management
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 76.22 Million and Set Global Limit
      for Capital Increase to Result From All
      Issuance Requests Under Items 14-16 to
      EUR 100 Million
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 76.22 Million and Set
      Global Limit for Capital Increase to
      Result From All Issuance Requests Under
      Items 14-16 to EUR 100 Million
16    Authorize Capitalization of Reserves for  For       For        Management
      Bonus Issue or Increase in Par Value to
      an Aggregate Amount of EUR 76.22 Million
      and Set Global Limit for Capital Increase
      to Result From All Issuance Requests
      Under Items 14-16 to EUR 100 Million
17    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan up to
      Aggregate Nominal Amount of EUR 3.45
      Million
18    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan up to
      Aggregate Nominal Amount of EUR 150,000
19    Approve Issuance of Shares to Societe     For       For        Management
      Generale for Use in Savings-Related Share
      Purchase Plan for Company Employees
      Located Outside France
20    Approve Issuance of Shares with Warrants  For       For        Management
      Attached to Participants of
      Savings-Related Share Purchase Plan
21    Amend Articles of Association Pursuant to For       Against    Management
      2003 Financial Security Legislation Re:
      Shareholding Disclosure
22    Amend Articles of Association Pursuant to For       For        Management
      2003 Financial Security Legislation Re:
      Powers of Chairman
23    Amend Articles of Association Pursuant to For       For        Management
      2003 Financial Security Legislation Re:
      Powers of Management Board
24    Amend Articles of Association Pursuant to For       Against    Management
      2003 Financial Security Legislation Re:
      Related-Party Transactions
25    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VEOLIA ENVIRONNEMENT (FORMERLY VIVENDI ENVIRONMENT)

Ticker:                      Security ID:  FR0000124141
Meeting Date: MAY 12, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Non-Tax Deductible Expenses       For       For        Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.825 per Share
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Authorize Issuance of Bonds/Debentures in For       Against    Management
      the Aggregate Nominal Value of EUR 7
      Billion
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 1 Billion
10    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 370 Million for Bonus Issue or
      Increase in Par Value and Set Global
      Limit for All Capital Increases Pursuant
      to Items 8, 9, and 10 at EUR 2.37 Billion
11    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
12    Approve Stock Option Plan Grants          For       For        Management
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VINCI (FORMERLY SOCIETE GENERALE D'ENTREPRISES)

Ticker:                      Security ID:  FR0000125486
Meeting Date: APR 23, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.54 per Share
4     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
5     Approve Discharge of Directors            For       For        Management
6     Ratify Cooptation of Quentin Davies as    For       For        Management
      Director
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 800,000
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 600 Million
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 600 Million
12    Approve Capital Increase Reserved for     For       For        Management
      Employees of International Subsidiaries
      Participating in Share Purchase Plan
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

VIVENDI UNIVERSAL SA (FORMERLY VIVENDI)

Ticker:       V              Security ID:  FR0000127771
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and Omission For       For        Management
      of Dividends
5     Reelect Jean-Rene Fourtou as Director     For       For        Management
6     Reelect Claude Bebear as Director         For       For        Management
7     Reelect Gerard Bremond as Director        For       For        Management
8     Reelect Bertrand Collomb as Director      For       For        Management
9     Reelect Paul Fribourg as Director         For       For        Management
10    Reelect Gerard Kleisterlee as Director    For       For        Management
11    Reelect Henri Lachmann as Director        For       For        Management
12    Elect Karel Van Miert as Director         For       For        Management
13    Elect Pierre Rodocanachi as Director      For       For        Management
14    Ratify Cooptation of Gabriel Hawawini as  For       For        Management
      Director
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of Up to EUR 7
      Billion
16    Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
17    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

ZODIAC SA

Ticker:                      Security ID:  FR0000125684
Meeting Date: DEC 15, 2003   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Approve Consolidated Accounts and         For       Abstain    Management
      Discharge Directors
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.60 per Share
4     Approve Stock Dividend Program            For       For        Management
5     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
7     Reelect Marc Assa as Supervisory Board    For       For        Management
      Member
8     Ratify Ernst & Young Audit as Auditors    For       For        Management
9     Ratify Christian de Chastellux as         For       For        Management
      Alternate Auditors
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities




======================= ISHARES MSCI GERMANY INDEX FUND ========================


ALLIANZ AG (FORMERLY ALLIANZ HOLDING AG)

Ticker:                      Security ID:  DE0008404005
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  APR 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.50 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Approve Creation of EUR 450 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
6     Approve Employee Stock Purchase Plan      For       For        Management
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 10
      Billion with Preemptive Rights; Approve
      Creation of EUR 250 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
8     Authorize Repurchase of Issued Share      For       For        Management
      Capital for Trading Purposes
9     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
      (Jota-Vermoegensverwaltungsgesellschaft
      mbH)


--------------------------------------------------------------------------------

ALTANA AG

Ticker:                      Security ID:  DE0007600801
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.83 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Reelect Justus Mische to the Supervisory  For       For        Management
      Board
6     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
7     Approve Creation of EUR 28 Million and    For       For        Management
      EUR 14 Million Pool of Conditional
      Capital with Preemptive Rights; Approve
      Creation of a EUR 28 Million Pool of
      Conditional Capital without Preemptive
      Rights
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


--------------------------------------------------------------------------------

BAYERISCHE HYPO- UND VEREINSBANK AG

Ticker:                      Security ID:  DE0008022005
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4A    Reelect Manfred Bischoff to the           For       For        Management
      Supervisory Board
4B    Reelect Volker Doppelfeld to the          For       For        Management
      Supervisory Board
4C    Reelect Max Kley to the Supervisory Board For       For        Management
4D    Reelect Lothar Meyer to the Supervisory   For       For        Management
      Board
4E    Reelect Hans-Juergen Schinzler to the     For       For        Management
      Supervisory Board
4F    Reelect Albrecht Schmidt to the           For       For        Management
      Supervisory Board
4G    Reelect Siegfried Sellitsch to the        For       For        Management
      Supervisory Board
4H    Reelect Wilhelm Simson to the Supervisory For       For        Management
      Board
4I    Reelect Hans-Werner Sinn to the           For       For        Management
      Supervisory Board
4J    Elect Mathias Doepfner to the Supervisory For       For        Management
      Board
4K    Elect Diether Muenich to the Supervisory  For       For        Management
      Board
5     Approve Creation of EUR 990 Million Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
6     Authorize Issuance of Participation       For       For        Management
      Certificates Up to Aggregate Nominal
      Value of EUR 1 Billion
7     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
9     Amend Articles                            For       For        Management
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (HVB Principal Equity GmbH,
      and HVB Profil Gesellschaft fuer
      Personalmanagement mbH)
11    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (HVB-Offene
      Unternehmensbeteiligungs-AG, and
      INDEXCHANGE Investment AG)
12    Ratify KPMG Deutsche Treuhand             For       For        Management
      Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

BEIERSDORF AG

Ticker:                      Security ID:  DE0005200000
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.60 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors
6     Elect Dietmer Ammer, Diethart Breipohl,   For       For        Management
      Michael Herz, Arno Mahlert, Reinhard
      Poellath, and Bruno Saelzer to the
      Supervisory Board; Elect Andreas
      Rittstieg as a Substitute Member to the
      Supervisory Board
7     Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members and Amendment to the Articles
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


--------------------------------------------------------------------------------

CELESIO AG (FORMERLY GEHE AG)

Ticker:                      Security ID:  DE0005858005
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.90 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PricewaterhouseCoopers Deutsche    For       For        Management
      Revision AG as Auditors


--------------------------------------------------------------------------------

COMMERZBANK AG

Ticker:       CRZBY          Security ID:  DE0008032004
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
5     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital for Trading
      Purposes
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Creation of EUR 225 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
8     Approve Creation of EUR 225 Million Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
9     Approve Creation of EUR 150 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries


--------------------------------------------------------------------------------

DAIMLERCHRYSLER AG

Ticker:                      Security ID:  DE0007100000
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.50 per Share
3     Approve Discharge of Management Board     For       Against    Management
4     Approve Discharge of Supervisory Board    For       Against    Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights
7     Elect Robert Lanigan, Hilmar Kopper, Earl For       For        Management
      Graves, Victor Halberstadt, Peter
      Magowan, William Owens, Manfred
      Schneider, Bernhard Walter, Lynton
      Wilson, and Mark Woessner to the
      Supervisory Board


--------------------------------------------------------------------------------

DEUTSCHE BOERSE AG

Ticker:                      Security ID:  DE0005810055
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.55 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Peter Levene and Alessandro Profuma For       For        Management
      to the Supervisory Board
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (Deutsche Boerse IT Holding
      GmbH)
8     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

DEUTSCHE POST AG

Ticker:                      Security ID:  DE0005552004
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.44 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 1 Billion
      with Preemptive Rights; Approve Creation
      of EUR 56 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
8     Amend Articles Re: Board Renumeration due For       For        Management
      to Changes in German Disclosure
      Regulations


--------------------------------------------------------------------------------

DEUTSCHE TELEKOM

Ticker:       DT             Security ID:  DE0005557508
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAY 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PwC Deutsche Revision AG and Ernst For       For        Management
      & Young AG as Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Amend 2001 Stock Option Plan              For       For        Management
8     Approve Creation of EUR 2.5 Billion Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
9     Approve Affiliation Agreements with       For       For        Management
      Subsidiary (T-Punkt Vertriebsgesellschaft
      mbH)
10    Approve Affiliation Agreements with       For       For        Management
      Subsidiary (Traviata
      Telekommunikationsdienste GmbH)
11    Approve Affiliation Agreements with       For       For        Management
      Subsidiary (Norma
      Telekommunikationsdienste GmbH)
12    Approve Affiliation Agreements with       For       For        Management
      Subsidiary (Carmen
      Telekommunikationsdienste GmbH)
13    Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members and Amendment to the Articles
14    Amend Articles Re: Location of            For       For        Management
      Shareholder Meetings


--------------------------------------------------------------------------------

DOUGLAS HOLDING AG

Ticker:                      Security ID:  DE0006099005
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to issue Repurchased Shares as New Shares
      without Preemptive Rights
6     Ratify Susat & Partner OHG as Auditors    For       For        Management


--------------------------------------------------------------------------------

E.ON AG (FORMERLY VEBA AG)

Ticker:       VEBA           Security ID:  DE0007614406
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.00 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Amend Articles Re: Allow for the Issuance For       For        Management
      of Dividends in Kind
6     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (E.ON Nordic Holding GmbH)
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors


--------------------------------------------------------------------------------

EPCOS AG

Ticker:                      Security ID:  DE0005128003
Meeting Date: FEB 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
5     Ratify KPMG as Auditors                   For       For        Management
6     Amend Articles Re: Use of Electronic      For       For        Management
      Means at Shareholder Meetings; Use of
      Electronic Means to Register or Deposit
      Shares; Allow Participation in General
      Meeting via Electronic Means
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 500
      Million with Preemptive Rights; Approve
      Creation of EUR 6.5 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
8     Approve Creation of EUR 13 Million Pool   For       For        Management
      of Conditional Capital with Preemptive
      Rights
9     Approve Stock Option Plan for Key         For       For        Management
      Employees; Approve Creation of EUR 2.5
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights


--------------------------------------------------------------------------------

HEIDELBERGCEMENT(FRMLY HEIDELBERGER ZEMENT AG)

Ticker:                      Security ID:  DE0006047004
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.15 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify Ernst & Young AG as Auditors       For       For        Management
6     Approve Creation of EUR 50 Million Pool   For       For        Management
      of Conditional Capital with Preemptive
      Rights
7     Approve Creation of EUR 20 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
8     Authorize Issuance of Participation       For       For        Management
      Certificates Up to Aggregate Nominal
      Value of EUR 150 Million
9     Elect Waltraud Hertreiter, Fritz-Juergen  For       For        Management
      Heckmann, Rolf Huelstrunk, Max Kley,
      Adolf Merckle, Ludwig Merckle, Bernd
      Scheifele, and Eduard Schleicher to the
      Supervisory Board


--------------------------------------------------------------------------------

HYPO REAL ESTATE HOLDING AG

Ticker:                      Security ID:  DE0008027707
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Approve Creation of EUR 201.1 Million     For       For        Management
      Pool of Conditional Capital with
      Preemptive Rights
6     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 450
      Million with Preemptive Rights; Approve
      Creation of EUR 40.2 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
7     Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members
8     Approve Conversion of Preference Shares   For       For        Management
      into Common Shares
9     Special Resolution for Holders of Common  For       For        Management
      Shares: Approve Conversion of Preference
      Shares into Common Shares
10    Amend Articles Re: Supervisory Board      For       For        Management
11    Elect Ferdinand Graf von Ballestrem,      For       For        Management
      Antoine Jeancourt-Galignani, Pieter
      Korteweg, Robert Mundheim, Klaus Pohle,
      and Kurt Viermetz to the Supervisory
      Board
12    Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors


--------------------------------------------------------------------------------

INFINEON TECHNOLOGIES AG

Ticker:                      Security ID:  DE0006231004
Meeting Date: JAN 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
3     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
4     Ratify KPMG as Auditors                   For       For        Management
5     Amend Articles Re: Amend 2002 Conditional For       For        Management
      Capital Issuance by  Increasing the Pool
      of Capital by an Additional EUR 55
      Million
6     Approve Creation of EUR 30 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
7     Amend Articles Re: Amend 2002 Issuance of For       For        Management
      Convertible Bonds and/or Bonds with
      Warrants Attached up to Aggregate Nominal
      Amount of EUR 4 Billion with Preemptive
      Rights


--------------------------------------------------------------------------------

KARSTADTQUELLE AG (FORMERLY KARSTADT AG)

Ticker:                      Security ID:  DE0006275001
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.71 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors
6     Elect Thomas Middelhoff and Hans Reischl  For       For        Management
      to the Supervisory Board; Elect Jochen
      Appell and Juergen Than as Substitute
      Supervisory Board Members
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

LINDE AG

Ticker:                      Security ID:  DE0006483001
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.13 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Amend Articles Re: Designate Electronic   For       For        Management
      Publications for Meeting Anouncements and
      Invitations to Shareholder Meetings


--------------------------------------------------------------------------------

MAN AG

Ticker:                      Security ID:  DE0005937007
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.75 per Share                     Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote
6     Amend Articles Re: Changes to the         For       Did Not    Management
      Remuneration of the Supervisory Board               Vote
      Members and Amendment to the Articles
7     Approve Affiliation Agreements with a     For       Did Not    Management
      Subsidiary (MAN Altersversorgung GmbH)              Vote
8     Ratify BDO Deutsche Warentreuhand AG as   For       Did Not    Management
      Auditors                                            Vote


--------------------------------------------------------------------------------

MERCK KGAA

Ticker:                      Security ID:  DE0006599905
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.80 per Share
4     Approve Discharge of Personally Liable    For       For        Management
      Partners
5     Approve Discharge of Supervisory Board    For       For        Management
6     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
7     Elect Karl-Ludwig Kley and Wilhelm Simson For       For        Management
      to Supervisory Board
8     Approve Creation of EUR 64.3 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights


--------------------------------------------------------------------------------

MLP AG(FRMLY MARSCHOLLEK, LAUTENSCHLAEGER UND PARTNER AG)

Ticker:                      Security ID:  DE0006569908
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.15 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify Ernst & Young AG as Auditors       For       For        Management


--------------------------------------------------------------------------------

MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG

Ticker:                      Security ID:  DE0008430026
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.25 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Ulrich Hartmann, Henning Kagermann, For       For        Management
      Hubert Merkl, Wolfgang Mayrhuber, Karel
      van Miert, Heinrich von Pierer, Bernd
      Pischetsrieder, Hans-Juergen Schinzler,
      Albrecht Schmidt, and Ron Sommer to the
      Supervisory Board
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
7     Approve Creation of EUR 280 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights


--------------------------------------------------------------------------------

PUMA (RUDOLF DASSLER SPORT)

Ticker:       PMMRY          Security ID:  DE0006969603
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.70 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify PricewaterhouseCoopers GmbH as     For       For        Management
      Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Decrease in Size of Supervisory   For       For        Management
      Board to Six Members  (Whereof Four
      Shareholder Representatives and Two
      Employee Representatives)


--------------------------------------------------------------------------------

QIAGEN N.V.

Ticker:                      Security ID:  NL0000240000
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Receive Report of Supervisory Board       None      Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5     Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
6     Approve Discharge of Management Board     For       For        Management
7     Approve Discharge of Supervisory Board    For       For        Management
8     Reelect Heinrich Hornef, Erik Hornnaess,  For       For        Management
      Manfred Karobath, Detlev Riesner, Jochen
      Walter and Franz Wirtz; Elect Metin
      Colpan to Supervisory Board for Term of
      One Year
9     Reelect Peer Schatz; Elect Joachim Schorr For       For        Management
      and Bernd Uder to Management Board for
      Term of One Year
10    Approve Remuneration Policy for           For       Against    Management
      Management Board Members
11    Approve Remuneration of Supervisory Board For       Against    Management
12    Reelect Ernst & Young as Auditors         For       For        Management
13    Grant Board Authority to Issue All        For       Against    Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Allow Questions                           None      None       Management
16    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SIEMENS AG

Ticker:       SMAG40         Security ID:  DE0007236101
Meeting Date: JAN 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.10 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
5     Ratify KPMG as Auditors                   For       For        Management
6     Elect Jerry Speyer to the Supervisory     For       For        Management
      Board; Elect Hans-Dieter Wiedig as a
      Deputy Supervisory Board Member
7     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares
8     Approve Creation of EUR 600 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
9     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 11.3
      Billion with Preemptive Rights; Approve
      Creation of EUR 600  Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights


--------------------------------------------------------------------------------

SUEDZUCKER AG

Ticker:                      Security ID:  DE0007297004
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.50 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Elect Erwin Hameseder to the Supervisory  For       For        Management
      Board
6     Adopt New Articles of Association due to  For       For        Management
      Changes in German Disclosure Regulations
      and Company Stock Corporation Law
7     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
8     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 250
      Million with Preemptive Rights; Approve
      Creation of EUR 13 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
9     Ratify PwC as Auditors                    For       For        Management


--------------------------------------------------------------------------------

THYSSENKRUPP AG (FORMERLY THYSSEN AG )

Ticker:                      Security ID:  DE0007500001
Meeting Date: JAN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.50 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2002/2003
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2002/2003
5     Ratify KPMG as Auditors                   For       For        Management
6     Amend Articles Re: Allow for the Issuance For       For        Management
      of Dividends in Kind
7     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares from its 2003 AGM Scheme
9     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 500
      Million with Preemptive Rights


--------------------------------------------------------------------------------

TUI AG(FRMLYPREUSSAG  AG)

Ticker:                      Security ID:  DE0006952005
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.77 per Share                     Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Ratify PwC Deutsche Revision AG as        For       Did Not    Management
      Auditors                                            Vote
6     Approve Public Offering of Shares in      For       Did Not    Management
      Subsidiary (Hapag-Lloyd AG)                         Vote
7     Amend Corporate Purpose                   For       Did Not    Management
                                                          Vote
8     Approve Creation of EUR 10 Million Pool   For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
9     Approve Creation of EUR 170 Million Pool  For       Did Not    Management
      of Conditional Capital without Preemptive           Vote
      Rights
10    Approve Creation of EUR 45.6 Million Pool For       Did Not    Management
      of Conditional Capital with Preemptive              Vote
      Rights
11    Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached up to           Vote
      Aggregate Nominal Amount of EUR 1.00
      Billion with Preemptive Rights; Approve
      Creation of EUR 70 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
12    Authorize Repurchase of up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
13    Approve Affiliation Agreements with       For       Did Not    Management
      Subsidiary (Hapag-Lloyd AG)                         Vote


--------------------------------------------------------------------------------

VOLKSWAGEN AG (VW)

Ticker:       VWAG           Security ID:  DE0007664005
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.05 per  Common Share
      and EUR 1.11 per Preferred Share
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1.05 per  Common Share             Vote
      and EUR 1.11 per Preferred Share
3     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Approve Creation of EUR 400 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
5     Approve Creation of EUR 400 Million Pool  For       Did Not    Management
      of Conditional Capital with Preemptive              Vote
      Rights
6     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
6     Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached up to           Vote
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote
8     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (Volkswagen Coaching GmbH)
8     Approve Affiliation Agreements with       For       Did Not    Management
      Subsidiaries (Volkswagen Coaching GmbH)             Vote
9     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
9     Ratify PwC Deutsche Revision AG as        For       Did Not    Management
      Auditors                                            Vote


--------------------------------------------------------------------------------

VOLKSWAGEN AG (VW)

Ticker:       VWAG           Security ID:  DE0007664039
Meeting Date: APR 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Announcement of Resolutions Passed at     None      None       Management
      2004 AGM Re: Issuance of New Shares
2     Approve Creation of EUR 400 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
3     Announcement of Resolutions Passed at     None      None       Management
      2004 AGM Re: Issuance of New Bonds
4     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights


--------------------------------------------------------------------------------

VOLKSWAGEN AG (VW)

Ticker:       VWAG           Security ID:  DE0007664039
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.05 per  Common Share
      and EUR 1.11 per Preferred Share
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1.05 per  Common Share             Vote
      and EUR 1.11 per Preferred Share
3     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Approve Creation of EUR 400 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
5     Approve Creation of EUR 400 Million Pool  For       Did Not    Management
      of Conditional Capital with Preemptive              Vote
      Rights
6     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
6     Approve Issuance of Convertible Bonds     For       Did Not    Management
      and/or Bonds with Warrants Attached up to           Vote
      Aggregate Nominal Amount of EUR 5 Billion
      with Preemptive Rights; Approve Creation
      of EUR 100 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Authorize Share Repurchase Program and    For       Did Not    Management
      Reissuance of Repurchased Shares                    Vote
8     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (Volkswagen Coaching GmbH)
8     Approve Affiliation Agreements with       For       Did Not    Management
      Subsidiaries (Volkswagen Coaching GmbH)             Vote
9     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
9     Ratify PwC Deutsche Revision AG as        For       Did Not    Management
      Auditors                                            Vote




====================== ISHARES MSCI HONG KONG INDEX FUND =======================


ASM PACIFIC TECHNOLOGY LTD.

Ticker:                      Security ID:  KYG0535Q1174
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.84 Per     For       For        Management
      Share
3     Elect Director and Authorize Board to Fix For       For        Management
      Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

ASM PACIFIC TECHNOLOGY LTD.

Ticker:                      Security ID:  KYG0535Q1174
Meeting Date: APR 23, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Appointment of Multiple Corporate
      Representatives by a Clearing House
2     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
3     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

BANK OF EAST ASIA, LIMITED

Ticker:                      Security ID:  HK0023000190
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.62 Per     For       For        Management
      Share
3a    Reelect Aubrey Li Kwok-sing as Director   For       For        Management
3b    Reelect Winston Lo Yau-lai as Director    For       For        Management
3c    Reelect Khoo Kay-peng as Director         For       For        Management
3d    Reelect David Li Kwok-po as Director      For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Amend Articles of the Association         For       For        Management
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

BOC HONG KONG (HOLDINGS) LTD

Ticker:                      Security ID:  HK2388011192
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.32 Per     For       For        Management
      Share
3a    Reelect ZHOU Zaiqun as Director           For       For        Management
3b    Reelect TUNG Chee Chen as Director        For       For        Management
3c    Reelect YANG Linda Tsao as Director       For       For        Management
4     Approve Remuneration to Non-Executive     For       For        Management
      Directors and Senior Adviser Who Serve as
      Board Committee Chairman or Members of
      HK$100,000 Per Annum Per Board Committee
      to Each Committee Chairman and HK$50,000
      Per Annum Per Board Committee to Each
      Member
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Retirement and Nomination of
      Directors, Material Interest of Directors
      in Contracts Entered into by the Company
7     Approve Payment of Fees Amounting to      For       For        Management
      HK$50,000 Per Annum to Each Member and
      Secretary of Board Committees Who Are Not
      Directors or Salaried Employees of the
      Group
8     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
9     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
10    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CATHAY PACIFIC AIRWAYS

Ticker:                      Security ID:  HK0293001514
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Final Dividend                    For       For        Management
2a    Reelect Robert Atkinson as Director       For       For        Management
2b    Reelect Derek Cridland as Director        For       For        Management
2c    Reelect Zhang Xianlin as Director         For       For        Management
3     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
4     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Annual Director Fees Not          For       For        Management
      Exceeding HK$3 Million
8     Amend Articles Re: Postponement and       For       For        Management
      Voting at General Meetings, Manner of
      Conducting Board Meetings, Inclusion of
      Electronic Communication


--------------------------------------------------------------------------------

CHEUNG KONG HOLDINGS

Ticker:       CHEUY          Security ID:  HK0001000014
Meeting Date: MAY 20, 2004   Meeting Type: Special
Record Date:  MAY 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Nomination of          For       For        Management
      Directors, Voting at Meetings, Issuance
      of Share Certificate, Removal of Director
      by Ordinary Resolution


--------------------------------------------------------------------------------

CHEUNG KONG HOLDINGS

Ticker:       CHEUY          Security ID:  HK0001000014
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAY 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$1.30 Per     For       For        Management
      Share
3a    Reelect Chung Sun Keung, Davy as Director For       For        Management
3b    Reelect Ip Tak Chuen, Edmond as Director  For       For        Management
3c    Reelect Chiu Kwok Hung, Justin as         For       For        Management
      Director
3d    Reelect Chow Kun Chee, Roland as Director For       For        Management
3e    Reelect Wong Yick-ming, Rosanna as        For       For        Management
      Director
3f    Reelect Yeh Yuan Chang, Anthony as        For       For        Management
      Director
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CHEUNG KONG INFRASTRUCTURE

Ticker:                      Security ID:  BMG2098R1025
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Editing Changes and    For       For        Management
      Director's Material Interest in Contracts


--------------------------------------------------------------------------------

CHEUNG KONG INFRASTRUCTURE

Ticker:                      Security ID:  BMG2098R1025
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.50 Per     For       For        Management
      Share
3a    Reelect Fok Kin Ning, Canning as Director For       For        Management
3b    Reelect Chow Woo Mo Fong, Susan as        For       For        Management
      Director
3c    Reelect Cheong Ying Chew, Henry as        For       For        Management
      Director
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CLP HOLDINGS (FORMERLY CHINA LIGHT & POWER)

Ticker:                      Security ID:  HK0002007356
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Approve Final Dividend of HK$0.65 Per     For       For        Management
      Share
2b    Approve Special Final Dividend of HK$0.10 For       For        Management
      Per Share
3a    Reelect Vernon Francis Moore as Director  For       For        Management
3b    Reelect Rudolf Bischof as Director        For       For        Management
3c    Reelect Loh Chung Hon, Hansen as Director For       For        Management
3d    Reelect William Elkin Mocatta as Director For       For        Management
3e    Reelect Lee Yui Bor as Director           For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Amend Articles Re: Recognized Clearing    For       For        Management
      House, Appointment of Chairman or
      Managing Director, and Addition of
      Technical Definitions
6     Approve Rotation and Eventual Reelection  For       For        Management
      of Executive Directors Holding Office of
      Not More Than Three Years
7     Reelect Tse Pak Wing, Peter as Executive  For       For        Management
      Director
8a    Approve Remuneration of Chairman, Vice    For       For        Management
      Chairmen and Non-Executive Directors
      Amounting to HK$280,000, HK$220,000 and
      HK$200,000 Respectively
8b    Approve Remuneration of Non-Executive     For       For        Management
      Directors Serving on Different Board
      Committees of the Company
9     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
10    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
11    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

ESPRIT HOLDINGS

Ticker:                      Security ID:  BMG3122U1291
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Approve Special Dividend                  For       For        Management
4     Reelect Directors                         For       For        Management
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

GIORDANO INTERNATIONAL LIMITED

Ticker:                      Security ID:  BMG6901M1010
Meeting Date: MAR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Ongoing Connected Transactions    For       For        Management
      with Placita Hldgs. Ltd. and Its
      Subsidiaries and Associates


--------------------------------------------------------------------------------

GIORDANO INTERNATIONAL LIMITED

Ticker:                      Security ID:  BMG6901M1010
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Approve Special Dividend                  For       For        Management
4     Reelect Director                          For       For        Management
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6d    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

HANG LUNG PROPERTIES LTD

Ticker:                      Security ID:  HK0101000591
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  NOV 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

HANG SENG BANK

Ticker:                      Security ID:  HK0011000095
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Directors                           For       For        Management
3     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
4     Appoint Managing Director                 For       For        Management
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights


--------------------------------------------------------------------------------

HENDERSON LAND DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0012000102
Meeting Date: DEC 1, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve New Share Option Scheme of        For       Against    Management
      Henderson China Hldgs. Ltd.


--------------------------------------------------------------------------------

HENDERSON LAND DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0012000102
Meeting Date: DEC 1, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividends of HK$0.45 Per Share    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
5d    Approve Increase in Authorized Capital if For       For        Management
      the Issuance of Shares Exceed HK$3.6
      Billion
6     Amend Articles Re: Technical Definitions  For       For        Management


--------------------------------------------------------------------------------

HONG KONG AND CHINA GAS CO. LTD.

Ticker:       HORCY          Security ID:  HK0003000038
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors                         For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Remuneration of Each Director at  For       For        Management
      HK$130,000 Per Annum and Approve an
      Additional HK$130,000 Per Annum for the
      Chairman
6a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6b    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6d    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors


--------------------------------------------------------------------------------

HONG KONG EXCHANGE

Ticker:                      Security ID:  HK0388009489
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.42 Per     For       For        Management
      Share
3     Approve Special Dividend of HK$1.68 Per   For       For        Management
      Share
4a    Elect John Estmond Strickland as Director For       For        Management
4b    Elect Wong Sai Hung, Oscar as Director    For       For        Management
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6d    Approve Fees Amounting to HK$100,000 to   For       For        Management
      be Given to Each of the Nonexecutive
      Directors
6e    Approve Repricing of Options              For       Against    Management
6f    Amend Articles Re: Technical Definitions  For       For        Management


--------------------------------------------------------------------------------

HONGKONG ELECTRIC HOLDINGS LTD.

Ticker:       HGKGY          Security ID:  HK0006000050
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$1.13 Per     For       For        Management
      Share
3a    Reelect Francis Lee Lan-yee as Director   For       For        Management
3b    Reelect Frank J. Sixt as Director         For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Approve Remuneration of Audit Committee   For       For        Management
      Members at an Amount of HK$50,000 Each
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Articles Re: Change to Existing     For       For        Management
      References and Definitions


--------------------------------------------------------------------------------

HOPEWELL HOLDINGS LTD.

Ticker:                      Security ID:  HK0054007841
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:  OCT 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

HOPEWELL HOLDINGS LTD.

Ticker:                      Security ID:  HK0054007841
Meeting Date: JUL 16, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Spin-Off of the Shares in         For       For        Management
      Hopewell Highway Infrastructure Ltd.
2     Approve Share Option Scheme of Hopewell   For       Against    Management
      Highway Infrastructure Ltd.


--------------------------------------------------------------------------------

HOPEWELL HOLDINGS LTD.

Ticker:                      Security ID:  HK0054007841
Meeting Date: OCT 21, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Option Plan Grants Under    For       For        Management
      the Existing Share Option Scheme to
      Gordon Ying Sheung Wu and Eddie Ping
      Chang Ho
2     Approve New Share Option Scheme and       For       Against    Management
      Termination of Existing Share Option
      Scheme


--------------------------------------------------------------------------------

HUTCHISON WHAMPOA

Ticker:                      Security ID:  HK0013000119
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$1.22 Per     For       For        Management
      Share
3a    Elect Li Ka-shing as Director             For       For        Management
3b    Elect Frank John Sixt as Director         For       For        Management
3c    Elect George Colin Magnus as Director     For       For        Management
3d    Elect Michael David Kadoorie as Director  For       For        Management
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

HUTCHISON WHAMPOA

Ticker:                      Security ID:  HK0013000119
Meeting Date: MAY 20, 2004   Meeting Type: Special
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Voting at Meetings,    For       For        Management
      Nomination of Directors, Material
      Interest of Directors in Contracts
      Entered into by the Company
1     Approve Share Option Scheme of Hutchison  For       Against    Management
      Harbour Ring Ltd.
2     Approve Share Option Scheme of Hutchison  For       Against    Management
      3G UK Hldgs. Ltd.
3     Approve Share Option Scheme of Hutchison  For       Against    Management
      3G Italia S.p.A.


--------------------------------------------------------------------------------

HYSAN DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0014000126
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors                         For       For        Management
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

JOHNSON ELECTRIC HOLDINGS LTD.

Ticker:                      Security ID:  BMG5150J1403
Meeting Date: JUL 21, 2003   Meeting Type: Annual
Record Date:  JUL 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.09 Per     For       For        Management
      Share
3     Reelect Directors                         For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6     Fix Maximum Board Size at 15 and          For       For        Management
      Authorize Directors to Elect or Appoint
      Additional Directors Up to the Maximum
      Number
7a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
7b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

KERRY PROPERTIES

Ticker:                      Security ID:  BMG524401079
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Master Agreement                  For       For        Management
2     Adopt Company's Chinese Name              For       For        Management
3     Adopt New Bylaws                          For       For        Management


--------------------------------------------------------------------------------

KINGBOARD CHEMICAL HOLDINGS LTD

Ticker:                      Security ID:  KYG525621085
Meeting Date: JUN 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Shirai Supply Agreement and       For       For        Management
      Annual Caps


--------------------------------------------------------------------------------

LI & FUNG

Ticker:                      Security ID:  BMG5485F1445
Meeting Date: SEP 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Remaining Interest For       For        Management
      in International Sourcing Group LLC. for
      a Total Consideration of $5.2 Million to
      be Satisfied by the Issuance of 3.8
      Million New Shares of HK$0.025 Each


--------------------------------------------------------------------------------

LI & FUNG

Ticker:                      Security ID:  BMG5485F1445
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.25 Per     For       For        Management
      Share
3a    Reelect Danny Lau Sai Wing as Executive   For       For        Management
      Director
3b    Reelect Annabella Leung Wai Ping as       For       For        Management
      Executive Director
3c    Reelect Paul Edward Selway-Swift as       For       For        Management
      Independent Non-Executive Director
4     Approve Remuneration of All Directors at  For       For        Management
      HK$80,000 and Additional Remuneration of
      HK$50,000 for Non-Executive Directors
      Serving on the Audit Committee
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Bylaws Re: Voting at General        For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

MTR CORP

Ticker:                      Security ID:  HK0066009694
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  MAY 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Final Dividend of HK$0.28 Per     For       Did Not    Management
      Share                                               Vote
3a    Reelect Chow Chung Kong as Director       For       Did Not    Management
                                                          Vote
3b    Reelect Christine Fang Meng Sang as       For       Did Not    Management
      Director                                            Vote
3c    Reelect Raymond Ch'ien Kuo Fung as        For       Did Not    Management
      Director                                            Vote
3d    Reelect David Gordon Eldon as Director    For       Did Not    Management
                                                          Vote
4     Reappoint KPMG as Auditors and Authorize  For       Did Not    Management
      Board to Fix Their Remuneration                     Vote
5     Approve Issuance of Equity or             For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       Did Not    Management
      Issued Capital                                      Vote
7     Authorize Reissuance of Repurchased       For       Did Not    Management
      Shares                                              Vote
8     Amend Articles of Association to Reflect  For       Did Not    Management
      Recent Amendments to the Rules Governing            Vote
      the Listing of Securities on The Stock
      Exchange of Hong Kong Limited and the
      Companies Ordinance


--------------------------------------------------------------------------------

NEW WORLD DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0017000149
Meeting Date: MAR 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Approve Rights Issue of New Shares of     For       For        Management
      HK$1 Each in the Proportion of Two Rights
      Shares for Every Five Shares Held by
      Shareholders


--------------------------------------------------------------------------------

NEW WORLD DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0017000149
Meeting Date: JAN 8, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Share Exchange           For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

NEW WORLD DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0017000149
Meeting Date: DEC 2, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
3     Reappoint Joint Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration


--------------------------------------------------------------------------------

NEW WORLD DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0017000149
Meeting Date: DEC 2, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
3     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  HK0008011667
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Reelect Li Tzar Kai, Richard as Director  For       For        Management
2b    Reelect So Chak Kwong, Jack as Director   For       For        Management
2c    Reelect Alexander Anthony Arena as        For       For        Management
      Director
2d    Reelect Li Kwok Po, David as Director     For       For        Management
2e    Reelect Roger Lobo as Director            For       For        Management
2f    Reelect Aman Mehta as Director            For       For        Management
2g    Authorize Board to Fix Their Remuneration For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Termination of Existing Share     For       Against    Management
      Option Scheme and Adopt New Share Option
      Scheme
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  HK0008011667
Meeting Date: MAY 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cancellation of Share Premium     For       For        Management
      Account to Offset Accumulated Losses of
      Approximately HK$152 Billion and Transfer
      the Balance of HK$21.5 Billion to a
      Special Reserve Account


--------------------------------------------------------------------------------

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  HK0008011667
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of Interest-Bearing Loans    For       For        Management
      Worth Approximately HK$3.5 Billion, the
      Queen's Road Exchange and the Entire
      Issued Capital of Ipswich Hldgs. Ltd. to
      Dong Fang Gas Hldgs. Ltd.


--------------------------------------------------------------------------------

SCMP GROUP LTD. (FRMRLY. SOUTH CHINA MORNING POST)

Ticker:                      Security ID:  BMG7867B1054
Meeting Date: MAY 24, 2004   Meeting Type: Annual
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Amend Bylaws                              For       For        Management
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

SHANGRI-LA-ASIA LTD.

Ticker:                      Security ID:  BMG8063F1068
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:  JUN 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Master Agreement                  For       For        Management


--------------------------------------------------------------------------------

SHANGRI-LA-ASIA LTD.

Ticker:                      Security ID:  BMG8063F1068
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAY 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.08 Per     For       For        Management
      Share
3a    Reelect Giovanni Angelini as Director     For       For        Management
3b    Reelect Lui Man Shing as Director         For       For        Management
3c    Reelect Ho Kian Guan as Director          For       For        Management
3d    Reelect Roberto V. Ongpin as Director     For       For        Management
3e    Reelect Timothy David Dattels as Director For       For        Management
4     Fix Remuneration of Directors Including   For       For        Management
      Fees Payable to Members of the Audit and
      Remuneration Committees
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Amend Bylaws Re: Voting at General        For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Electronic Communication


--------------------------------------------------------------------------------

SINO LAND COMPANY

Ticker:                      Security ID:  HK0083000502
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:  NOV 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

SMARTONE TELECOMMUNICATIONS HOLDINGS LTD.

Ticker:                      Security ID:  BMG8219Z1059
Meeting Date: NOV 7, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final and Special Dividends       For       For        Management
3     Elect Directors and Authorize Board to    For       For        Management
      Fix Their Remuneration
4     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Approve Cancellation of Share Premium     For       For        Management
      Account


--------------------------------------------------------------------------------

SUN HUNG KAI PROPERTIES LTD.

Ticker:                      Security ID:  HK0016000132
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SWIRE PACIFIC

Ticker:                      Security ID:  HK0019000162
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Final Dividend of HK$1.02 Per A   For       For        Management
      Share and HK$0.204 Per B Share
2a    Reelect P.A. Johansen as Director         For       For        Management
2b    Reelect Adrian Swire as Director          For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Amend Articles Re: Corporate              For       For        Management
      Communications, Postponement of General
      Meetings, Editing Changes


--------------------------------------------------------------------------------

TECHTRONIC INDUSTRIES

Ticker:                      Security ID:  HK0669002195
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.1775 Per   For       Against    Management
      Share
3a    Reelect Roy Chi Ping Chung as Group       For       For        Management
      Executive Director
3b    Reelect Kin Wah Chan as Group Executive   For       For        Management
      Director
3c    Reelect Joel Arthur Schleicher as         For       For        Management
      Independent Non-Executive Director
3d    Authorize Board to Fix Their Remuneration For       For        Management
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Fix Their Remuneration
5     Approve Increase in Authorized Capital    For       Against    Management
      from HK$160 Million to HK$240 Million by
      the Creation of 400 Million Shares of
      HK$0.2 Each
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Articles Re: Postponement and       For       For        Management
      Voting at General Meetings, Appointment
      of Alternate Director, Material Interest
      of Directors in Contracts Entered into by
      the Company, Electronic Communication,
      Indemnification of Directors and Officers
      of the Company


--------------------------------------------------------------------------------

TECHTRONIC INDUSTRIES

Ticker:                      Security ID:  HK0669002195
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Grant of Options to Horst Julius  For       Against    Management
      Pudwill and Roy Chi Ping Chung to
      Subscribe for Ordinary Shares in the
      Capital of the Company Pursuant to the
      Share Option Scheme
2     Approve Stock Split of Every Share of     For       For        Management
      HK$0.2 in the Capital of the Company into
      Two Shares of HK$0.1 Each
3     Amend Articles to Reflect Changes in      For       Against    Management
      Capital


--------------------------------------------------------------------------------

TELEVISION BROADCAST LTD.

Ticker:                      Security ID:  HK0511001957
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  APR 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Elect Directors and Fix Their             For       For        Management
      Remuneration
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
5d    Approve Extension of the Number of Days   For       For        Management
      During which the Company's Register of
      Members May Be Closed for the Calendar
      Year 2004 to 60 Days from 30 Days
5e    Adopt New Articles of Association         For       For        Management
5f    Amend Memorandum of Association Re:       For       For        Management
      Deletion of the Objects Clause


--------------------------------------------------------------------------------

TEXWINCA HOLDINGS LIMITED

Ticker:                      Security ID:  BMG8770Z1068
Meeting Date: AUG 28, 2003   Meeting Type: Special
Record Date:  AUG 20, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
2     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
3     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

TEXWINCA HOLDINGS LIMITED

Ticker:                      Security ID:  BMG8770Z1068
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.14 Per     For       For        Management
      Share
3     Elect Directors and Authorize Board to    For       For        Management
      Fix Their Remuneration
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

WHARF (HOLDINGS) LTD.

Ticker:                      Security ID:  HK0004000045
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a    Reelect Hans Michael Jebsen as Director   For       For        Management
3b    Reelect Gonzaga W.J. Li as Director       For       For        Management
3c    Reelect T.Y. Ng as Director               For       For        Management
3d    Reelect James E. Thompson as Director     For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination and Removal of Directors


--------------------------------------------------------------------------------

YUE YUEN INDUSTRIAL

Ticker:                      Security ID:  BMG988031446
Meeting Date: FEB 24, 2004   Meeting Type: Annual
Record Date:  FEB 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividends of HK$0.46 Per Share    For       For        Management
3     Elect Directors and Authorize Board to    For       For        Management
      Fix Their Remuneration
4     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares




======================== ISHARES MSCI ITALY INDEX FUND =========================


ALLEANZA ASSICURAZIONI SPA

Ticker:                      Security ID:  IT0000078193
Meeting Date: APR 22, 2004   Meeting Type: Annual/Special
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Remuneration
3     Authorize Reissuance of Repurchased Share For       Against    Management
      To Service Executive Stock Option Plan
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

ARNOLDO MONDADORI EDITORE

Ticker:                      Security ID:  IT0001469383
Meeting Date: APR 26, 2004   Meeting Type: Annual/Special
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Elect External Auditors, Reconta Ernst    For       For        Management
      &Young Spa, For The Three-Year Term
      2004-2005 and Fix Remuneration of
      Auditors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Renumber
      Articles of Association; Adopt New
      Articles of Association


--------------------------------------------------------------------------------

ARNOLDO MONDADORI EDITORE

Ticker:                      Security ID:  IT0001469383
Meeting Date: JUL 29, 2003   Meeting Type: Special
Record Date:  JUL 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Appoint Internal Statutory Auditors       For       Did Not    Management
                                                          Vote
1     Approve Mandatory Conversion of 151,412   For       Did Not    Management
      Savings Shares into Ordinary Shares                 Vote


--------------------------------------------------------------------------------

AUTOGRILL SPA

Ticker:                      Security ID:  IT0001137345
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors For Fiscal Year 2004
3     Adopt Rules Governing General Meetings    For       For        Management


--------------------------------------------------------------------------------

AUTOSTRADE SPA (FORMERLY AUTOSTRADE CONCESSIONI E COSTRUZION

Ticker:                      Security ID:  IT0003506190
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

AUTOSTRADE SPA (FORMERLY AUTOSTRADE CONCESSIONI E COSTRUZION

Ticker:                      Security ID:  IT0003506190
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports


--------------------------------------------------------------------------------

BANCA INTESA SPA (FORMERLY INTESABCI SPA )

Ticker:                      Security ID:  IT0000072618
Meeting Date: JUN 23, 2004   Meeting Type: Special
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

BANCA INTESA SPA (FORMERLY INTESABCI SPA )

Ticker:                      Security ID:  IT0000072618
Meeting Date: DEC 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors;  Determine Directors'
      Term and Remuneration


--------------------------------------------------------------------------------

BANCA INTESA SPA (FORMERLY INTESABCI SPA )

Ticker:                      Security ID:  IT0000072618
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, Allocation of Income, and
      Distribution of Reserves and/or Company
      Shares


--------------------------------------------------------------------------------

BANCA MONTE DEI PASCHI DI SIENA SPA

Ticker:                      Security ID:  IT0001334587
Meeting Date: DEC 3, 2003    Meeting Type: Special
Record Date:  NOV 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
1     Authorize Share Repurchase Program in     For       For        Management
      Connection With Bonus Stock Grant to
      Employees


--------------------------------------------------------------------------------

BANCA MONTE DEI PASCHI DI SIENA SPA

Ticker:                      Security ID:  IT0001334587
Meeting Date: JUN 24, 2004   Meeting Type: Special
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

BANCA NAZIONALE DEL LAVORO

Ticker:                      Security ID:  IT0001254884
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors To Substitute Former      For       For        Management
      Members of the Board
2     Authorize a 1:64 Bonus Issue of Company   For       For        Management
      Shares in Favor of Holders of Ordinary
      Shares and/or Saving Shares
3     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, and Allocation of Income
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Approve Acquisition of Coopercredito Spa  For       Against    Management
2     Authorize Capitalization of Reserves for  For       For        Management
      an Increase in Par Value from EUR 0.50 to
      EUR 0.72 of Both Ordinary and Saving
      Shares; Amend Articles of Association
      Accordingly
3     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

BANCHE POPOLARI UNITE SCARL

Ticker:                      Security ID:  IT0003487029
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Rules Governing General Meetings    For       Did Not    Management
                                                          Vote
2     Elect Members of the Board of Directors   For       Did Not    Management
                                                          Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Renew Board Authorization To Repurchase   For       Did Not    Management
      Company Shares and Reissue Repurchased              Vote
      Shares
5     Approve Remuneration of Internal          For       Did Not    Management
      Statutory Auditors                                  Vote
6     Approve Director and Auditor              For       Did Not    Management
      Indemnification/Liability Provisions                Vote
1     Authorize Capitalization of Reserves of   For       Did Not    Management
      EUR 174.98 Million for an Increase in Par           Vote
      Value from EUR 2.0 to EUR 2.50; Modify
      Article 5 of the Company's Bylaws
      Accordingly


--------------------------------------------------------------------------------

BENETTON GROUP SPA

Ticker:       BXNZ10         Security ID:  IT0003106777
Meeting Date: NOV 25, 2003   Meeting Type: Special
Record Date:  NOV 20, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization Plan; Transfer     For       For        Management
      Brand Management and Marketing Activities
      to Bencom Srl, Logistics and Production
      Activities to Benlog Spa, and IT Services
      to United Web Spa, All Wholly-Controlled
      Subsidiaries
1     Cancel May 12, 2003, Resolution Re:       For       For        Management
      Merger by Absorption of Bencom Srl and
      Benlog Spa


--------------------------------------------------------------------------------

BULGARI SPA

Ticker:                      Security ID:  IT0001119087
Meeting Date: NOV 24, 2003   Meeting Type: Special
Record Date:  NOV 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Dismiss Current External Auditors Re:     For       For        Management
      Fiscal Year 2003
2     Appoint New External Auditors for Bulgari For       For        Management
      Spa And All Subsidiaries Except Bulgari
      Italia Spa, Bulgari Gioielli Spa, And
      Bulgari Parfums Italia Spa
3     Authorize Board to Repurchase Shares And  For       Against    Management
      Re-Issue Repurchased Shares Including the
      Use of Financial Instruments Such As Put
      or Call Options
4     Adopt Rules Governing General Meetings    For       For        Management


--------------------------------------------------------------------------------

CAPITALIA SPA (FORMERLY BANCA DI ROMA )

Ticker:                      Security ID:  IT0003121495
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Appoint Internal Statutory Auditors and   For       For        Management
      Chairman; Approve Remuneration of
      Auditors
4     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

CAPITALIA SPA (FORMERLY BANCA DI ROMA )

Ticker:                      Security ID:  IT0003121495
Meeting Date: DEC 2, 2003    Meeting Type: Special
Record Date:  NOV 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Remuneration According to Artcile 19 of
      the Bylaws
1     Approve Accounting Transfers to Cover     For       For        Management
      Fiscal Year 2002's Losses


--------------------------------------------------------------------------------

ENEL SPA

Ticker:                      Security ID:  IT0003128367
Meeting Date: MAY 21, 2004   Meeting Type: Annual/Special
Record Date:  MAY 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Did Not    Management
      Accounts, and Statutory Reports                     Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
1     Amend Articles To Reflect New Italian     For       Did Not    Management
      Company Law Regulations and New                     Vote
      Regulations Re: Italian State's 'Special
      Powers'
2     Approve Increase in Share Capital in the  For       Did Not    Management
      Order of EUR 38.53 Million Pursuant to              Vote
      Share Option Scheme in Favor of Managers
3a    Appoint Internal Statutory Auditors -     None      Did Not    Management
      Majority Shareholder Slate (Ministry of             Vote
      Economy and Finance)
3b    Appoint Internal Statutory Auditors -     None      Did Not    Management
      Minority Shareholder Slate (Institutional           Vote
      Investors)
4     Approve Remuneration of Primary Internal  For       Did Not    Management
      Statutory Auditors                                  Vote


--------------------------------------------------------------------------------

ENI SPA

Ticker:       E              Security ID:  IT0003132476
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Authorize Share Repurchase Program        For       For        Management
4     Elect External Auditors for the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
5     Amend Article 2 of the Set of Rules       For       For        Management
      Governing General Meetings of Eni Spa
6     Approve Remuneration of Directors         For       For        Management
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
2     Amend Articles 17, 19, and 28 of the      For       For        Management
      Company's Bylaws


--------------------------------------------------------------------------------

FINECOGROUP SPA(FRMLY FINECO SPA (FORMERLY BIPOP-CARIRE SPA ))

Ticker:                      Security ID:  IT0001464921
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  NOV 7, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Registered             For       For        Management
      Headquarters; Increase in Par Value of
      Common Stock to EUR 1 (Through 100:9
      Reverse Stock Split); Proxy Voting; Rules
      Governing General Meetings; Chairman's
      Powers; Executive Committee Composition,
      Term, and Functioning
2     Approve EUR 4.7 Million Capital Increase  For       For        Management
      Pursuant to Share Option Scheme
1     Elect Director                            For       For        Management
2     Cancel Resolution Re: Remuneration of     For       Against    Management
      Corporate Governance Committees' Members
      Previously Approved by Shareholders
3     Adopt Rules Governing General Meetings    For       For        Management


--------------------------------------------------------------------------------

FINMECCANICA SPA

Ticker:                      Security ID:  IT0001407847
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1     AmenAmend Articles To Reflect New Italian For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

GRUPPO EDITORIALE  L'ESPRESSO

Ticker:                      Security ID:  IT0001398541
Meeting Date: DEC 4, 2003    Meeting Type: Special
Record Date:  NOV 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Cancel April 16, 2003, Resolution Re:     For       For        Management
      Share Repurchase Authority; Approve New
      Authorization to Repurchase Shares and
      Dispose of Repurchased Shares
2     Approve Special Dividends Distribution    For       For        Management


--------------------------------------------------------------------------------

GRUPPO EDITORIALE  L'ESPRESSO

Ticker:                      Security ID:  IT0001398541
Meeting Date: APR 21, 2004   Meeting Type: Annual/Special
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect External Auditors For The           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
1     Adopt New Articles of Association To      For       Against    Management
      Reflect New Italian Company Law
      Regulations


--------------------------------------------------------------------------------

ITALCEMENTI SPA

Ticker:                      Security ID:  IT0001465159
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors;  Determine Directors'
      Term
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
4     Approve Remuneration of Members of the    For       For        Management
      Remuneration Committee, the Internal
      Control Committee, and the Company's
      Monitoring Organism
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

LUXOTTICA GROUP S.P.A.

Ticker:       LUX            Security ID:  IT0001479374
Meeting Date: JUN 17, 2004   Meeting Type: Annual/Special
Record Date:  JUN 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividend Distribution             For       For        Management
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Remuneration of Board of          For       For        Management
      Directors and of Executive Committee
      Members For Fiscal Year 2004
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

MEDIASET SPA

Ticker:       MDIEY          Security ID:  IT0001063210
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Adopt New Articles of Association To      For       Against    Management
      Reflect New Italian Company Law
      Regulations


--------------------------------------------------------------------------------

MEDIOBANCA SPA

Ticker:                      Security ID:  IT0000062957
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Cancel One
      Article from the Bylaws, Introduce One
      New Article, and Renumber Articles of
      Association
2     Approve Increase in Share Capital in the  For       For        Management
      Order of EUR 7.5 Million Pursuant to
      Share Option Scheme In Favor of Directors
      and Employees; Amend Article 4 of the
      Bylaws Accordingly


--------------------------------------------------------------------------------

MEDIOBANCA SPA

Ticker:                      Security ID:  IT0000062957
Meeting Date: OCT 28, 2003   Meeting Type: Annual/Special
Record Date:  OCT 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors
3     Appoint Internal Statutory Auditors;      For       For        Management
      Approve Remuneration of Auditors
4     Appoint External Auditors                 For       For        Management


--------------------------------------------------------------------------------

PIRELLI & COMPANY

Ticker:                      Security ID:  IT0000072725
Meeting Date: MAY 10, 2004   Meeting Type: Annual/Special
Record Date:  MAY 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       Abstain    Management
      Reports, and Allocation of Income
2     Elect One Director                        For       For        Management
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares; Cancel
      May 7, 2003, Authorization to Repurchase
      Shares
4     Approve Remuneration of Members of the    For       For        Management
      Controlling Board Constituted According
      to the 2001 Law n.231
5     Adopt Rules Governing General Meetings    For       For        Management
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
2     Approve Creation of EUR 600 Million Pool  For       Against    Management
      of Conditional Capital Partially With
      Preemptive Rights; Authorize Issuance of
      Convertible Bonds or Bonds With Warrants
      Attached with Preemptive Rights


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements,             For       Abstain    Management
      Consolidated Accounts, Statutory Reports,
      and Allocation of Income
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors for the Three-Year Term
      2004-2006; Elect Chairman of the Board;
      Determine Directors' Remuneration
3     Elect External Auditors for the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
5     Appoint One Alternate Internal Statutory  For       For        Management
      Auditor to Reintegrate Members of the
      Board of Internal Statutory Auditors


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: NOV 24, 2003   Meeting Type: Special
Record Date:  NOV 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term and Remuneration
1     Approve Merger by Absorption of Cardine   For       For        Management
      Finanziaria Spa
2     Amend Articles of Association             For       Against    Management


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:  JUN 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Partially To Reflect New   For       Against    Management
      Italian Company Law Regulations
2     Acquire Part of 'Fideuram Vita Compagnia  For       For        Management
      di Assicurazioni e Riassicurazioni Spa'
      From Its Spin-Off From 'Banca Fideuram
      Spa'


--------------------------------------------------------------------------------

SANPAOLO IMI SPA

Ticker:                      Security ID:  IT0001269361
Meeting Date: NOV 25, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term and Remuneration
1     Approve Merger by Absorption of Cardine   For       For        Management
      Finanziaria Spa
2     Amend Articles of Association             For       Against    Management


--------------------------------------------------------------------------------

SEAT PAGINE GIALLE SPA

Ticker:                      Security ID:  IT0003479638
Meeting Date: DEC 1, 2003    Meeting Type: Special
Record Date:  NOV 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization via Merger of      For       For        Management
      Company into Silver Spa and Subsequent
      Merger by Absorption of Silver Spa in
      Spyglass Spa; Listing of Spyglass Spa's
      Shares on Stock Exchange;  Change Name of
      'Spyglass Spa' to 'Seat Pagine Gialle
      Spa'


--------------------------------------------------------------------------------

SNAM RETE GAS

Ticker:                      Security ID:  IT0003153415
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Distribution of Dividends
3     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors;  Determine Directors'
      Term and Remuneration
4     Elect Chairman of the Board of Directors  For       For        Management
5     Appoint Internal Statutory Auditors;      For       For        Management
      Approve Remuneration of Auditors
6     Elect External Auditors For The           For       For        Management
      Three-Year term 2004-2006 and Fix
      Remuneration of Auditors
7     Amend Rules Governing General Meetings    For       For        Management


--------------------------------------------------------------------------------

TELECOM ITALIA MEDIA SPA (FORMERLY SEAT-PAGINE GIALLE SPA)

Ticker:                      Security ID:  IT0001389920
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Rules Governing General Meetings    For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Integration to the Remuneration   For       For        Management
      of External Auditors
4     Elect Members of the Board of Directors   For       Against    Management
5     Appoint Internal Statutory Auditors;      For       For        Management
      Approve Remuneration of Auditors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

TELECOM ITALIA MOBILE

Ticker:                      Security ID:  IT0001052049
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Rules Governing General Meetings    For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Elect External Auditors For the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
4     Elect Members of the Board of Directors   For       For        Management
5     Redefine Remuneration of Internal         For       For        Management
      Statutory Auditors
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations


--------------------------------------------------------------------------------

TISCALI SPA

Ticker:                      Security ID:  IT0001453924
Meeting Date: OCT 26, 2003   Meeting Type: Special
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Two New Directors                   For       For        Management
1     Amend Article 2 Re: Company's Registered  For       For        Management
      Office
2     Amend Article 5 Re: Share Capital         For       For        Management
3     Approve Issuance of Shares for a Private  For       For        Management
      Placement To Be Paid in Shares of EUnet
      EDV und Internet Dienstleistungs AG
4     Approve Issuance of Shares for a Private  For       For        Management
      Placement To Be Paid in Shares of Home.se
      AB


--------------------------------------------------------------------------------

UNICREDITO ITALIANO SPA (FORM .CREDITO ITALIANO)

Ticker:                      Security ID:  IT0000064854
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Maximum 60 Million    For       For        Management
      Shares Pursuant to Share Option Scheme In
      Favor of Managers/Directors of the Group
2     Approve Issuance of Maximum 104.85        For       For        Management
      Million Shares Pursuant to Share Option
      Scheme In Favor of Employees of the Group
1     Accept Financial Statements, Consolidated For       Abstain    Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program        For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Appoint Internal Statutory Auditors,      For       For        Management
      Chairman, and Two Alternate Auditors
5     Approve Annual Remuneration of Internal   For       For        Management
      Statutory Auditors
6     Elect External Auditors, KPMG Spa, and    For       For        Management
      Fix Remuneration of Auditors




======================== ISHARES MSCI JAPAN INDEX FUND =========================


77 BANK LTD.

Ticker:                      Security ID:  JP3352000008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

ACOM CO. LTD.

Ticker:                      Security ID:  JP3108600002
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 40,
      Final JY 40, Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

ADERANS

Ticker:                      Security ID:  JP3121600005
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 16,
      Final JY 16, Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase -
      Clarify Director Authorities - Expand
      Board Eligibility - Authorize Share
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors
5     Approve Executive Stock Option Plan       For       Against    Management


--------------------------------------------------------------------------------

ADVANTEST CORP.

Ticker:                      Security ID:  JP3122400009
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 25, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Statutory Auditors' Legal
      Liability
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

AEON CO. LTD. (FORMERLY JUSCO CO. LTD.)

Ticker:                      Security ID:  JP3388200002
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Expand Business Lines  For       For        Management
      - Increase Authorized Capital from 600
      Million to 1.2 Billion Shares - Authorize
      Share Repurchases at Board's Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       Against    Management
2.6   Elect Director                            For       Against    Management
2.7   Elect Director                            For       Against    Management
2.8   Elect Director                            For       For        Management


--------------------------------------------------------------------------------

AEON CREDIT SERVICE LTD.

Ticker:                      Security ID:  JP3131400008
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 35, Special JY 0
2     Amend Articles to: Expand Business Lines  For       Against    Management
      - Authorize Share Repurchases at Board's
      Discretion - Abolish Retirement Bonus
      System
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Special Payments to Directors and For       Against    Management
      Statutory Auditors in Connection with
      Abolition of Retirement Bonus System
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


--------------------------------------------------------------------------------

AIFUL CORP.

Ticker:                      Security ID:  JP3105040004
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 30,
      Final JY 30, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

AJINOMOTO CO. INC.

Ticker:       AJINY          Security ID:  JP3119600009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6,
      Final JY 6, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
4.5   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors
6     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

ALL NIPPON AIRWAYS CO. LTD. (ANA)

Ticker:       ALNPY          Security ID:  JP3429800000
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Special Payments to Directors in
      Connection with the Abolition of
      Retirement Bonus System
6     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors and Special Payments to
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System


--------------------------------------------------------------------------------

ALPS ELECTRIC CO. LTD.

Ticker:       APELY          Security ID:  JP3126400005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6,
      Final JY 6, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

AMADA CO. LTD.

Ticker:                      Security ID:  JP3122800000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

ANRITSU CORP.

Ticker:                      Security ID:  JP3128800004
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 4.5, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

AOYAMA TRADING CO. LTD.

Ticker:                      Security ID:  JP3106200003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 35, Special JY 5
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

ARIAKE JAPAN CO. LTD.

Ticker:                      Security ID:  JP3125800007
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12.5,
      Final JY 12.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

ASAHI BREWERIES LTD.

Ticker:                      Security ID:  JP3116000005
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6.5,
      Final JY 6.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Executive Stock Option Plan       For       Against    Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
7     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

ASAHI GLASS CO. LTD.

Ticker:                      Security ID:  JP3112000009
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 6.75, Special JY 0
2     Amend Articles to: Reduce Maximum Board   For       For        Management
      Size from 30 to 15 - Authorize Share
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Approve Executive Stock Option Plan       For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


--------------------------------------------------------------------------------

ASAHI KASEI CORP. (FRM. ASAHI CHEMICAL INDUSTRY)

Ticker:                      Security ID:  JP3111200006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Clarify Director       For       For        Management
      Authorities - Authorize Share Repurchases
      at Board's Discretion - Amend Business
      Lines
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

ASATSU-DK INC.

Ticker:                      Security ID:  JP3109800007
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9,
      Final JY 9, Special JY 0
2     Approve Reduction in Legal Reserves       For       For        Management
3     Amend Articles to: Reduce Directors Term  For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion - Streamline Board
      Structure
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
4.14  Elect Director                            For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

AUTOBACS SEVEN CO. LTD.

Ticker:                      Security ID:  JP3172500005
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 18,
      Final JY 18, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Change Location of Head Office -
      Authorize Share Repurchases at Board's
      Discretion - Limit Directors' and
      Internal Auditors' Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

BANDAI CO. LTD.

Ticker:       BNDCY          Security ID:  JP3778600001
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 7.5, Special JY 0
2     Amend Articles to: Increase Authorized    For       For        Management
      Capital from 180 Million to 360 Million
      Shares - Authorize Share Repurchases at
      Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Director and For       Against    Management
      Approve Special Payments to Continuing
      Directors in Connection with the
      Abolition of Retirement Bonus System
6     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor and Approve Special Payments to
      Continuing Statutory Auditors in
      Connection with the Abolition of
      Retirement Bonus System
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors
8     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

BANK OF FUKUOKA LTD.

Ticker:                      Security ID:  JP3804000002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

BANK OF YOKOHAMA LTD.

Ticker:                      Security ID:  JP3955400001
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 5, Special
      JY 0
2     Authorize Repurchase of Preferred Shares  For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion -
      Create Position of Vice-Chairman
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor
7     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

BELLSYSTEM 24 INC

Ticker:                      Security ID:  JP3835750005
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  MAY 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 75,
      Final JY 5, Special JY 90
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Introduce System for   For       For        Management
      Selling Supplemental Shares to Odd-Lot
      Holders, Create Registry of Lost Share
      Certificates
4     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

BENESSE CORP.

Ticker:                      Security ID:  JP3835620000
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 14.5,
      Final JY 25.5, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

BRIDGESTONE CORP.

Ticker:                      Security ID:  JP3830800003
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 8, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4     Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       Against    Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor
7     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

CANON INC.

Ticker:       CAJ            Security ID:  JP3242800005
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 35, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Appoint Additional External Auditor       For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors and
      Statutory Auditors


--------------------------------------------------------------------------------

CAPCOM CO. LTD.

Ticker:                      Security ID:  JP3218900003
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Final JY 10, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

CASIO COMPUTER CO. LTD.

Ticker:                      Security ID:  JP3209000003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 15, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

CENTRAL JAPAN RAILWAY CO.

Ticker:                      Security ID:  JP3566800003
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2500,
      Final JY 2500, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
2.13  Elect Director                            For       For        Management
2.14  Elect Director                            For       For        Management
2.15  Elect Director                            For       For        Management
2.16  Elect Director                            For       For        Management
2.17  Elect Director                            For       For        Management
2.18  Elect Director                            For       For        Management
2.19  Elect Director                            For       For        Management
3     Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

CHIBA BANK LTD.

Ticker:                      Security ID:  JP3511800009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 1
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

CHUBU ELECTRIC POWER CO. INC.

Ticker:                      Security ID:  JP3526600006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 30,
      Final JY 30, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditors
5     Amend Articles of Incorporation to        Against   Against    Shareholder
      Prohibit Directors from Holding Posts as
      Employees of the Company
6     Amend Articles to Require Disclosure of   Against   For        Shareholder
      Individual Compensation Levels of
      Directors and Statutory Auditors
7     Amend Articles to Prohibit Use of         Against   Against    Shareholder
      Plutonium and Cancel Plans to Generate
      Power Using Plutonium Thermal Process
8     Amend Articles to Require Appropriate     Against   Against    Shareholder
      Storage of Depleted Uranium
9     Amend Articles to Require Disclosure of   Against   Against    Shareholder
      Information Related to Public Safety
10    Amend Articles to Require Shutdown of     Against   Against    Shareholder
      Hamaoka Nuclear Power Station Until
      Occurrence of Major Earthquake in the
      Tokai Region
11    Amend Articles to Require Withdrawal from Against   Against    Shareholder
      Nuclear Power Generation
12    Approve Alternate Income Allocation       Against   Against    Shareholder
      Proposal, with Allocation of Funds to a
      Reserve Account for Losses Associated
      with Shutdown of Hamaoka Nuclear Power
      Station
13    Amend Articles to Require Cessation of    Against   Against    Shareholder
      Construction of Hydro-Electric Plants


--------------------------------------------------------------------------------

CHUGAI PHARMACEUTICAL CO. LTD.

Ticker:                      Security ID:  JP3519400000
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 13, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors
5     Approve Executive Stock Option Plan       For       For        Management
6     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion


--------------------------------------------------------------------------------

CITIZEN WATCH CO. LTD.

Ticker:                      Security ID:  JP3352400000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4.5,
      Final JY 5.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Liability of Directors and Statutory
      Auditors - Authorize Appointment of
      Alternate Statutory Auditors
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       Against    Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       Against    Management
6     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
7     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

COCA-COLA WEST JAPAN CO. (FORM. KITA KYUSHU COCA-COLA)

Ticker:                      Security ID:  JP3293200006
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 17,
      Final JY 19, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Executive Stock Option Plan       For       For        Management
5     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

CREDIT SAISON CO. LTD.

Ticker:                      Security ID:  JP3271400008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 18, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

CSK CORP.

Ticker:       CSKKY          Security ID:  JP3346400009
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6,
      Final JY 9, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management


--------------------------------------------------------------------------------

DAI NIPPON PRINTING CO. LTD.

Ticker:                      Security ID:  JP3493800001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9.5,
      Final JY 11.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

DAICEL CHEMICAL INDUSTRIES LTD.

Ticker:                      Security ID:  JP3485800001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

DAIDO LIFE INSURANCE CO

Ticker:                      Security ID:  JP3490800004
Meeting Date: DEC 18, 2003   Meeting Type: Extraordinary Shareholders
Record Date:  OCT 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Formation of Joint Holding        For       For        Management
      Company with Taiyo Life Insurance Co. and
      T&D Financial Life Insurance Co.
2     Amend Articles to Eliminate References to For       For        Management
      Record Date


--------------------------------------------------------------------------------

DAIICHI PHARMACEUTICAL CO. LTD.

Ticker:                      Security ID:  JP3476600006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 15, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Executive Stock Option Plan       For       For        Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

DAIKIN INDUSTRIES LTD.

Ticker:                      Security ID:  JP3481800005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6,
      Final JY 8, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion - Streamline Board Structure
3     Authorize Share Repurchase Program        For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

DAIMARU INC.

Ticker:                      Security ID:  JP3499000002
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 4, Special JY 1
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       Against    Management


--------------------------------------------------------------------------------

DAINIPPON INK & CHEMICAL INC.

Ticker:                      Security ID:  JP3493400000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 4, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors


--------------------------------------------------------------------------------

DAINIPPON SCREEN MFG. CO. LTD.

Ticker:                      Security ID:  JP3494600004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

DAITO TRUST CONSTRUCTION CO. LTD.

Ticker:                      Security ID:  JP3486800000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 30,
      Final JY 33, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Amend Articles to:     For       For        Management
      Decrease Authorized Capital to Reflect
      Share Repurchase - Authorize Share
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability
4     Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor
7     Approve Executive Stock Option Plan       For       Against    Management
8     Approve Amendment to Stock Option Plan    For       For        Management
      Approved at 2001 AGM


--------------------------------------------------------------------------------

DAIWA HOUSE INDUSTRY CO. LTD.

Ticker:                      Security ID:  JP3505000004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 15, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

DAIWA SECURITIES GROUP CO. LTD.

Ticker:                      Security ID:  JP3502200003
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 10, Special JY 0
2     Amend Articles to: Adopt U.S.-Style Board For       For        Management
      Structure - Reduce Maximum Board Size -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors, and Special
      Payments to Continuing Directors in
      Connection with Abolition of Retirement
      Bonus System
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

DENKI KAGAKU KOGYO CO. LTD.

Ticker:                      Security ID:  JP3549600009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

DENSO CORP.

Ticker:                      Security ID:  JP3551500006
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 11,
      Final JY 13, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Expand Business Lines  For       For        Management
      - Reduce Board Size - Reduce Directors
      Term in Office - Authorize Share
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Amend Stock Option Plans Approved at Last For       For        Management
      Four AGMs
7     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

DOWA MINING CO. LTD.

Ticker:                      Security ID:  JP3638600001
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 7, Special JY 0
2     Approve Reduction in Legal Reserves       For       Against    Management
3     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Authorize Share Repurchases at Board's
      Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       Against    Management
5.4   Appoint Internal Statutory Auditor        For       Against    Management
6     Appoint Alternate Statutory Auditor       For       For        Management
7     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

EAST JAPAN RAILWAY CO

Ticker:                      Security ID:  JP3783600004
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3000,
      Final JY 3000, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
4.14  Elect Director                            For       For        Management
4.15  Elect Director                            For       For        Management
4.16  Elect Director                            For       For        Management
4.17  Elect Director                            For       For        Management
4.18  Elect Director                            For       For        Management
4.19  Elect Director                            For       For        Management
4.20  Elect Director                            For       For        Management
4.21  Elect Director                            For       For        Management
4.22  Elect Director                            For       For        Management
4.23  Elect Director                            For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Special Payments to Directors and
      Statutory Auditors in Connection with
      Abolition of Retirement Bonus System
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

EBARA CORP.

Ticker:                      Security ID:  JP3166000004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 7.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

EISAI CO. LTD.

Ticker:       ESALY          Security ID:  JP3160400002
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 18,
      Final JY 18, Special JY 0
2     Amend Articles to: Adopt U.S.-Style Board For       For        Management
      Structure - Authorize Share Repurchases
      at Board's Discretion - Limit Directors'
      Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       Against    Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors
5     Approve Executive Stock Option Plan       For       Against    Management


--------------------------------------------------------------------------------

FAMILYMART CO. LTD.

Ticker:                      Security ID:  JP3802600001
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 19,
      Final JY 19, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

FANUC LTD.

Ticker:                      Security ID:  JP3802400006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 11,
      Final JY 12, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

FAST RETAILING

Ticker:                      Security ID:  JP3802300008
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:  AUG 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 20,
      Final JY 35, Special JY 0
2     Amend Articles to: Increase Number of     For       Against    Management
      Internal Auditors - Reduce Directors'
      Term in Office - Extend Internal
      Auditors' Term in Office - Lower Quorum
      Requirement for Special Business - Allow
      Share Repurchases at Discretion of Board
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

FUJI ELECTRIC HOLDINGS CO. LTD. (FRM. FUJI ELECTRIC CO. LTD.

Ticker:                      Security ID:  JP3820000002
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
4.5   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

FUJI PHOTO FILM CO. LTD.

Ticker:       FUJIY          Security ID:  JP3814000000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12.5,
      Final JY 12.5, Special JY 0
2     Amend Articles to: Increase Board Size    For       For        Management
      and Number of Internal Auditors -
      Authorize Share Repurchases at Board's
      Discretion - Limit Directors' and
      Internal Auditors' Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

FUJI TELEVISION NETWORK, INC.

Ticker:                      Security ID:  JP3819400007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 600,
      Final JY 600, Special JY 800
2     Amend Articles to: Authorize Share        For       Against    Management
      Repurchases at Board's Discretion - Lower
      Quorum Requirement for Special Business
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

FUJIKURA LTD.

Ticker:                      Security ID:  JP3811000003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Approve Sale of Company's Power           For       For        Management
      Transmission and Distribution-Related
      Business to Joint Venture with Furukawa
      Electric Co.
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

FUJISAWA PHARMACEUTICAL  CO. LTD.

Ticker:                      Security ID:  JP3813600008
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9,
      Final JY 13, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Merger Agreement with Yamanouchi  For       For        Management
      Pharmaceutical Co.
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

FUJITSU LTD.

Ticker:       FUJI           Security ID:  JP3818000006
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

FURUKAWA ELECTRIC CO. LTD.

Ticker:                      Security ID:  JP3827200001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Approve Sale of Company's Power           For       For        Management
      Transmission and Distribution Related
      Business to Joint Venture with Fujikura
      Ltd.
3     Amend Articles to: Increase Authorized    For       Against    Management
      Capital and Authorize Issuance of
      Preferred Shares and Subordinated Shares
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       Against    Management


--------------------------------------------------------------------------------

GUNMA BANK LTD.

Ticker:                      Security ID:  JP3276400003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       For        Management
      Auditors


--------------------------------------------------------------------------------

GUNZE LTD.

Ticker:                      Security ID:  JP3275200008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 7.5, Special JY 0
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

HINO MOTORS LTD.

Ticker:                      Security ID:  JP3792600003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Amend Articles to: Reduce Directors Term  For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
4.5   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


--------------------------------------------------------------------------------

HIROSE ELECTRIC CO. LTD.

Ticker:                      Security ID:  JP3799000009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9,
      Final JY 11, Special JY 3
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Authorize Share Repurchases at Board's
      Discretion
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

HITACHI CABLE LTD.

Ticker:                      Security ID:  JP3790600005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2.1   Elect Director                            For       Against    Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       Against    Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

HITACHI LTD.

Ticker:       HIT            Security ID:  JP3788600009
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
2.13  Elect Director                            For       For        Management
2.14  Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

HITACHI SOFTWARE ENGINEERING CO. LTD.

Ticker:                      Security ID:  JP3788800005
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       Against    Management
2.7   Elect Director                            For       Against    Management
3     Approve Executive Stock Option Plan       For       Against    Management


--------------------------------------------------------------------------------

HOKUGIN FINANCIAL GROUP INC.

Ticker:                      Security ID:  JP3842400008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 1, Special
      JY 0
2     Approve Merger Agreement with Hokkaido    For       For        Management
      Bank Ltd.
3     Appoint Additional External Auditors      For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       For        Management
5.4   Appoint Internal Statutory Auditor        For       For        Management
5.5   Appoint Alternate Statutory Auditor       For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors
7     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

HONDA MOTOR CO. LTD.

Ticker:       HMCL           Security ID:  JP3854600008
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 19,
      Final JY 23, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
3.28  Elect Director                            For       For        Management
3.29  Elect Director                            For       For        Management
3.30  Elect Director                            For       For        Management
3.31  Elect Director                            For       For        Management
3.32  Elect Director                            For       For        Management
3.33  Elect Director                            For       For        Management
3.34  Elect Director                            For       For        Management
3.35  Elect Director                            For       For        Management
3.36  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
6     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
7     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

HOYA CORP.

Ticker:                      Security ID:  JP3837800006
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

ISETAN CO. LTD.

Ticker:                      Security ID:  JP3140000005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Executive Stock Option Plan       For       For        Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

ISHIHARA SANGYO KAISHA LTD.

Ticker:                      Security ID:  JP3136800004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Appoint Alternate Statutory Auditor       For       For        Management
6     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

ISHIKAWAJIMA-HARIMA HEAVY IND. CO.

Ticker:                      Security ID:  JP3134800006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Approve Reduction in Retained Profit      For       For        Management
      Reserves
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

ITO EN LTD.

Ticker:                      Security ID:  JP3143000002
Meeting Date: JUL 29, 2003   Meeting Type: Annual
Record Date:  APR 30, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 20,
      Final JY 23, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Expand Business Lines  For       Against    Management
      - Lower Quorum Requirement for Special
      Business
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Special Bonus for Family of       For       For        Management
      Deceased Director


--------------------------------------------------------------------------------

ITO-YOKADO CO. LTD.

Ticker:       ITOYO          Security ID:  JP3142800006
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 16,
      Final JY 18, Special JY 0
2     Amend Articles to: Change Location of     For       For        Management
      Head Office - Authorize Share Repurchases
      at Board's Discretion - Limit Directors'
      and Internal Auditors' Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

ITOCHU CORP.

Ticker:                      Security ID:  JP3143600009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Amend Articles to: Expand Business Lines  For       For        Management
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

ITOCHU TECHNO-SCIENCE

Ticker:                      Security ID:  JP3143900003
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 13,
      Final JY 13, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

JAPAN AIRLINES SYSTEM CORP.

Ticker:                      Security ID:  JP3705400004
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with No     For       For        Management
      Dividends
2     Amend Articles to: Change Company Name to For       For        Management
      Japan Airlines Corp. - Create Position of
      Group CEO - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

JAPAN ASSOCIATED FINANCE CO. LTD.  (JAFCO)

Ticker:                      Security ID:  JP3389900006
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 25, Special JY 0
2     Amend Articles to: Amend Business Lines - For       Against    Management
      Authorize Share Repurchases at Board's
      Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
5     Approve Special Payments to Directors and For       Against    Management
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


--------------------------------------------------------------------------------

JAPAN TOBACCO INC

Ticker:                      Security ID:  JP3726800000
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5000,
      Final JY 5000, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

JFE HOLDINGS INC.

Ticker:                      Security ID:  JP3386030005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 30, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion


--------------------------------------------------------------------------------

JOYO BANK LTD.

Ticker:                      Security ID:  JP3394200004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
3.5   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

JSR CORP.

Ticker:                      Security ID:  JP3385980002
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 5, Special JY 0
2     Amend Articles to: Reduce Share Trading   For       For        Management
      Unit from 1000 to 100 - Reduce Directors'
      Term in Office - Authorize Share
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

KAJIMA CORP.

Ticker:                      Security ID:  JP3210200006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

KAMIGUMI CO. LTD.

Ticker:                      Security ID:  JP3219000001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 8.5, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

KANEBO LTD.

Ticker:                      Security ID:  JP3217000003
Meeting Date: MAR 30, 2004   Meeting Type: Extraordinary Shareholders
Record Date:  FEB 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Reduce Directors Term  For       For        Management
      in Office
2     Approve Sale of Company's Cosmetics       For       For        Management
      Business to Kanebo Boutique Co.
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

KANEBO LTD.

Ticker:                      Security ID:  JP3217000003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Amend Articles to: Adopt U.S.-Style Board For       For        Management
      Structure - Reduce Board Size - Authorize
      Share Repurchases at Board's Discretion -
      Limit Outside Directors' Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4     Amend Articles to Return to Original      Against   Against    Shareholder
      Method of Writing Company Name in
      Japanese


--------------------------------------------------------------------------------

KANEKA CORP.

Ticker:                      Security ID:  JP3215800008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Change Japanese        For       For        Management
      Company Name - Authorize Share
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

KANSAI ELECTRIC POWER CO. INC.

Ticker:                      Security ID:  JP3228600007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 25, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Director and For       For        Management
      Special Bonus for Family of Deceased
      Statutory Auditor
5     Amend Articles to Restrict Board Size to  Against   Against    Shareholder
      15 Directors
6     Amend Articles to Require Appointment of  Against   Against    Shareholder
      an Environmental Group Representative as
      a Statutory Auditor
7     Amend Articles to Declare Company's       Against   Against    Shareholder
      Commitment to Fight Global Warming
8     Amend Articles to Declare Company's       Against   Against    Shareholder
      Commitment to Switching from Nuclear
      Power to Natural Energy
9     Amend Articles to Require Additional      Against   Against    Shareholder
      Disclosure of Company's Corporate Ethics
      Policies
10    Amend Articles to Require Company to      Against   Against    Shareholder
      Prioritize Retention of Skilled Employees
11    Amend Articles to Require Company to      Against   Against    Shareholder
      Refrain from Cutting Maintenance and
      Improvement Expenditures Due to Economic
      Downturns
12    Approve Alternate Income Allocation, with Against   Against    Shareholder
      Final Dividend of JY 35 per Share and
      Allocation of Funds to Reserve for
      Withdrawal from Nuclear Fuel Reprocessing
13    Remove Company Chairman from Board        Against   Against    Shareholder
14    Amend Articles to Restrict Board Size to  Against   Against    Shareholder
      15 Directors and Require One Director to
      Have Responsibility for Workers Injured
      by Nuclear Radiation - Cut Directors'
      Term to One Year
15    Amend Articles to Require Establishment   Against   Against    Shareholder
      of Compensation Committee Consisting
      Entirely of Outside Directors - Require
      Disclosure of Individual Director
      Compensation - Abolish Payment of
      Retirement Bonuses
16    Amend Articles to Require Establishment   Against   Against    Shareholder
      of Committee to Promote Abandonment of
      Nuclear Power Generation
17    Amend Articles to Require Establishment   Against   Against    Shareholder
      of Committee on Monetary Donations
18    Amend Articles to Require Establishment   Against   Against    Shareholder
      of Committee for Consultation with Local
      Residents on Abandonment of Major
      Projects
19    Amend Articles to Require Complete        Against   Against    Shareholder
      Abandonment of Nuclear Fuel Reprocessing
20    Amend Articles to Prohibit Creation, Use  Against   Against    Shareholder
      or Storage of Plutonium Fuels


--------------------------------------------------------------------------------

KAO CORP.

Ticker:                      Security ID:  JP3205800000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 16,
      Final JY 16, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
4.14  Elect Director                            For       For        Management
4.15  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management
7     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

KATOKICHI CO. LTD.

Ticker:                      Security ID:  JP3214200002
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 15, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability


--------------------------------------------------------------------------------

KAWASAKI HEAVY INDUSTRY LTD.

Ticker:                      Security ID:  JP3224200000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

KAWASAKI KISEN KAISHA LTD

Ticker:                      Security ID:  JP3223800008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       Against    Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

KEIHIN ELECTRIC RAILWAY CO. LTD.

Ticker:                      Security ID:  JP3280200001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Approve Reducion in Capital Reserves      For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Special Bonus for Family of       For       Against    Management
      Deceased Statutory Auditor and Approve
      Retirement Bonus for Statutory Auditor


--------------------------------------------------------------------------------

KEIO ELECTRIC RAILWAY

Ticker:                      Security ID:  JP3277800003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       Against    Management
5.2   Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Retirement Bonuses for Directors  For       For        Management
7     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

KEYENCE CORP.

Ticker:                      Security ID:  JP3236200006
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  MAR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 10,
      Final JY 10, Special JY 0
2     Amend Articles to: Change Accounting      For       For        Management
      Period for Fiscal Year Beginning March
      21, 2004 for Tax Purposes
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Alternate Statutory Auditor       For       For        Management
5     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor


--------------------------------------------------------------------------------

KIKKOMAN CORP.

Ticker:                      Security ID:  JP3240400006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 8, Special JY 2
2     Amend Articles to: Clarify Director       For       For        Management
      Authorities - Create Position of
      Vice-Chairman - Authorize Share
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

KINDEN CORP.

Ticker:                      Security ID:  JP3263000006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 11, Special JY 1.5
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
4.5   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Special Bonus for Family of       For       For        Management
      Deceased Director and Retirement Bonuses
      for Director and Statutory Auditors


--------------------------------------------------------------------------------

KINTETSU CORP. (FORMERLY KINKI NIPPON RAILWAY CO.)

Ticker:                      Security ID:  JP3260800002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
4.5   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

KIRIN BREWERY CO.

Ticker:       KNBWF          Security ID:  JP3258000003
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6,
      Final JY 6, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

KOMATSU LTD.

Ticker:                      Security ID:  JP3304200003
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 4, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors and
      Statutory Auditors
7     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

KONAMI CORP. (FORMERLY KONAMI CO. LTD.)

Ticker:                      Security ID:  JP3300200007
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 27,
      Final JY 27, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management


--------------------------------------------------------------------------------

KONICA MINOLTA HOLDINGS INC. (FORMERLY KONICA CORP.)

Ticker:                      Security ID:  JP3300600008
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director                            For       For        Management
1.2   Elect Director                            For       For        Management
1.3   Elect Director                            For       For        Management
1.4   Elect Director                            For       For        Management
1.5   Elect Director                            For       For        Management
1.6   Elect Director                            For       For        Management
1.7   Elect Director                            For       For        Management
1.8   Elect Director                            For       For        Management
1.9   Elect Director                            For       For        Management
1.10  Elect Director                            For       For        Management
1.11  Elect Director                            For       For        Management
1.12  Elect Director                            For       For        Management
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion


--------------------------------------------------------------------------------

KUBOTA CORP.

Ticker:       KUB            Security ID:  JP3266400005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

KURARAY CO. LTD.

Ticker:                      Security ID:  JP3269600007
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4.5,
      Final JY 5.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

KYOCERA CORP.

Ticker:       KYO            Security ID:  JP3249600002
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 30,
      Final JY 30, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

KYOWA HAKKO KOGYO

Ticker:                      Security ID:  JP3256000005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.75,
      Final JY 3.75, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

KYUSHU ELECTRIC POWER CO. INC.

Ticker:                      Security ID:  JP3246400000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 25, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors
5     Amend Articles to Prohibit Generation of  Against   Against    Shareholder
      Electricity Using Pluthermal Process
6     Amend Articles to Abolish Payment of      Against   Against    Shareholder
      Retirement Bonuses to Directors
7     Amend Articles to Require Appointment of  Against   Against    Shareholder
      Directors Responsible for Corporate
      Social Responsibility, to Be Chosen by
      Shareholders
8     Amend Articles to Require Establishment   Against   Against    Shareholder
      of Nuclear Waste Oversight Committee
9     Amend Articles to Require Establishment   Against   Against    Shareholder
      of Committee of Directors and Outsiders
      to Study Protection of Scenic Landscapes
10    Amend Articles to Require Establishment   Against   Against    Shareholder
      of Committee to Promote Purchases of
      Power Generated by Small-Scale Solar and
      Wind Power Plants
11    Amend Articles to Include Provisions on   Against   Against    Shareholder
      Shut-Down of Kawauchi Nuclear Power
      Station


--------------------------------------------------------------------------------

LAWSON, INC.

Ticker:                      Security ID:  JP3982100004
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 20,
      Final JY 21, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MABUCHI MOTOR CO. LTD.

Ticker:                      Security ID:  JP3870000001
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 67,
      Final JY 25, Special JY 36
2     Amend Articles to: Authorize Share        For       Against    Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

MARUBENI CORP.

Ticker:                      Security ID:  JP3877600001
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 3, Special
      JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MARUI CO. LTD.

Ticker:                      Security ID:  JP3870400003
Meeting Date: DEC 25, 2003   Meeting Type: Annual
Record Date:  SEP 30, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 15, Special JY 0
2     Amend Articles to: Allow Share            For       For        Management
      Repurchases at Board's Discretion


--------------------------------------------------------------------------------

MARUI CO. LTD.

Ticker:                      Security ID:  JP3870400003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 11, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MATSUSHITA ELECTRIC INDUSTRIAL CO. LTD.

Ticker:       MCCM           Security ID:  JP3866800000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6.25,
      Final JY 6.25, Special JY 1.5
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

MATSUSHITA ELECTRIC WORKS LTD.

Ticker:                      Security ID:  JP3867600003
Meeting Date: FEB 18, 2004   Meeting Type: Annual
Record Date:  NOV 30, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6.25,
      Final JY 6.25, Special JY 1.5
2     Amend Articles to: Clarify Director       For       Against    Management
      Authorities in Connection with
      Introduction of Executive Officer System
      - Limit Directors' Legal Liability -
      Lower Quorum Requirement - Authorize
      Share Repuchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

MEIJI DAIRIES CORP.

Ticker:                      Security ID:  JP3917800009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
4     Appoint Alternate Statutory Auditor       For       For        Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

MEIJI SEIKA KAISHA LTD.

Ticker:                      Security ID:  JP3917000006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.5,
      Final JY 3.5, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion - Limit Directors' and
      Internal Auditors'Legal Liability
3     Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor


--------------------------------------------------------------------------------

MEITEC CORP.

Ticker:                      Security ID:  JP3919200000
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 29,
      Final JY 29, Special JY 20
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Stock-Swap Merger Agreement with  For       For        Management
      Drake Beam Morin-Japan Inc.
4     Approve Executive Stock Option Plan       For       For        Management
5     Elect Director                            For       For        Management
6     Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

MILLEA HOLDINGS INC.

Ticker:                      Security ID:  JP3910660004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 11,000, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MINEBEA CO. LTD.

Ticker:                      Security ID:  JP3906000009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 7, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonuse for Statutory   For       Against    Management
      Auditor


--------------------------------------------------------------------------------

MITSUBISHI CHEMICAL CORP.

Ticker:                      Security ID:  JP3895800005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 1
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion - Limit Directors'
      and Internal Auditors' Legal Liability -
      Streamline Board Structure
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MITSUBISHI CORP.

Ticker:                      Security ID:  JP3898400001
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 6, Special JY 2
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

MITSUBISHI ELECTRIC CORP.

Ticker:       MIELY          Security ID:  JP3902400005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       Against    Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       Against    Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management


--------------------------------------------------------------------------------

MITSUBISHI ESTATE CO. LTD.

Ticker:                      Security ID:  JP3899600005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor
6     Appoint External Auditors                 For       For        Management
7     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

MITSUBISHI GAS CHEMICAL CO. INC.

Ticker:                      Security ID:  JP3896800004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 4, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management


--------------------------------------------------------------------------------

MITSUBISHI HEAVY INDUSTRY LTD.

Ticker:                      Security ID:  JP3900000005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

MITSUBISHI MATERIALS CORP.

Ticker:                      Security ID:  JP3903000002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MITSUBISHI RAYON CO. LTD.

Ticker:                      Security ID:  JP3903600009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Increase Number of     For       For        Management
      Internal Auditors - Authorize Share
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
4.5   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

MITSUBISHI TOKYO FINANCIAL GROUP INC

Ticker:                      Security ID:  JP3902900004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 6000,
      Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MITSUI & CO.

Ticker:       MITSF.2        Security ID:  JP3893600001
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor and Approve Special
      Payments to Continuing Directors and
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System


--------------------------------------------------------------------------------

MITSUI CHEMICALS INC.

Ticker:                      Security ID:  JP3888300005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

MITSUI ENGINEERING & SHIPBUILDING CO. LTD.

Ticker:                      Security ID:  JP3891600003
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3..1  Elect Director                            For       For        Management
3..2  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

MITSUI FUDOSAN CO. LTD.

Ticker:                      Security ID:  JP3893200000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.5,
      Final JY 3.5, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

MITSUI MINING & SMELTING CO. LTD.

Ticker:                      Security ID:  JP3888400003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

MITSUI O.S.K. LINES LTD.

Ticker:                      Security ID:  JP3362700001
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 6, Special JY 1
2     Amend Articles to: Expand Board           For       For        Management
      Eligibility - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

MITSUI SUMITOMO INSURANCE CO. LTD

Ticker:                      Security ID:  JP3888200007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 8.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

MITSUI TRUST HOLDINGS INC

Ticker:                      Security ID:  JP3892100003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 2.5,
      Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Conversion of
      Preferred to Ordinary Shares - Eliminate
      References to Series 4 Preferred Shares -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

MITSUKOSHI LTD.

Ticker:                      Security ID:  JP3894810005
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 1
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion -
      Introduce Provisions for Executive
      Officer System - Streamline Board
      Structure
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Deep Discount Stock Option Plan   For       Against    Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors and Approve
      Special Payments to Directors and
      Statutory Auditor in Connection with
      Abolition of Retirement Bonus System
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


--------------------------------------------------------------------------------

MIZUHO FINANCIAL GROUP INC.

Ticker:                      Security ID:  JP3885780001
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 3000,
      Special JY 0
2     Approve Reduction in Legal Reserves       For       For        Management
3     Authorize Repurchase of Preferred Shares  For       For        Management
4     Amend Articles to: Decrease Authorized    For       For        Management
      Preferred Share Capital to Reflect
      Conversion of Preferred to Ordinary
      Shares
5.1   Elect Director                            For       For        Management
5.2   Elect Director                            For       For        Management
5.3   Elect Director                            For       For        Management
6.1   Appoint Internal Statutory Auditor        For       For        Management
6.2   Appoint Internal Statutory Auditor        For       For        Management
7     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors
8     Amend Articles to Require Disclosure of   Against   For        Shareholder
      Retirement Bonuses Paid to Each Retiring
      Director and Statutory Auditor
9     Amend Articles to Require Disclosure of   Against   For        Shareholder
      Individual Compensation Levels of Each
      Director and Statutory Auditor


--------------------------------------------------------------------------------

MURATA MANUFACTURING CO. LTD.

Ticker:                      Security ID:  JP3914400001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 25, Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase from
      600 Million to 590 Million Shares -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Special Payments to Continuing    For       Against    Management
      Directors and
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System and
      Approve Retirement Bonus to Statutory
      Auditor
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

NAMCO LTD.

Ticker:                      Security ID:  JP3651200002
Meeting Date: JUN 26, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 15, Special JY 10
2     Amend Articles to: Abolish Retirement     For       For        Management
      Bonus System - Clarify Director
      Authorities - Reduce Directors Term in
      Office - Authorize Share Repurchases at
      Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor
6     Approve Special Payments to Continuing    For       Against    Management
      Directors and Statutory Auditors in
      Connection with the Abolition of the
      Retirement Bonus System


--------------------------------------------------------------------------------

NEC CORP.

Ticker:       NIPNY          Security ID:  JP3733000008
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NGK INSULATORS LTD.

Ticker:                      Security ID:  JP3695200000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 1
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NICHIREI CORP.

Ticker:                      Security ID:  JP3665200006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

NIDEC CORP.

Ticker:                      Security ID:  JP3734800000
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12.5,
      Final JY 15, Special JY 2.5
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

NIKKO CORDIAL CORP.  (FORMERLY NIKKO SECURITIES CO. LTD.)

Ticker:                      Security ID:  JP3670000003
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 5, Special JY 0
2     Amend Articles to: Adopt U.S.-Style Board For       For        Management
      Structure - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       Against    Management
4     Approve Special Payments to Statutory     For       For        Management
      Auditors in Connection with the Abolition
      of the Statutory Auditor Board
5     Approve Deep Discount Stock Option Plan   For       For        Management


--------------------------------------------------------------------------------

NIKON CORP.

Ticker:                      Security ID:  JP3657400002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 4, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

NINTENDO CO. LTD.

Ticker:       NTDOY          Security ID:  JP3756600007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 70,
      Final JY 70, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NIPPON EXPRESS CO. LTD.

Ticker:                      Security ID:  JP3729400006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

NIPPON KAYAKU CO. LTD.

Ticker:                      Security ID:  JP3694400007
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  MAY 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5.5,
      Final JY 5.5, Special JY 0
2     Amend Articles to: Lower Quorum           For       For        Management
      Requirement for Special Business
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

NIPPON MEAT PACKERS INC.

Ticker:                      Security ID:  JP3743000006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 16, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion - Limit Outside
      Directors' Legal Liability
3     Approve Retirement Bonuses for Directors  For       Against    Management
      and Special Payments to Continuing
      Directors and Statutory Auditors in
      Connection with Abolition of Retirement
      Bonus System
4     Approve Deep Discount Stock Option Plan   For       For        Management


--------------------------------------------------------------------------------

NIPPON MINING HOLDINGS INC.

Ticker:                      Security ID:  JP3379550001
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 6, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

NIPPON OIL CORP(FORMERLY NIPPON MITSUBISHI OIL CO., LTD. )

Ticker:                      Security ID:  JP3679700009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 4, Special JY 0
2     Amend Articles to: Amend Business Lines - For       For        Management
      Reduce Board Size - Clarify Director
      Authorities in Connection with
      Introduction of Executive Officer System
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

NIPPON SANSO CORP.

Ticker:                      Security ID:  JP3711600001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Approve Merger Agreement with Taiyo Toyo  For       For        Management
      Sanso Co.
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


--------------------------------------------------------------------------------

NIPPON SHEET GLASS CO. LTD.

Ticker:                      Security ID:  JP3686800008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NIPPON SHOKUBAI CO. LTD.

Ticker:                      Security ID:  JP3715200006
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor


--------------------------------------------------------------------------------

NIPPON STEEL CORP.

Ticker:                      Security ID:  JP3381000003
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 1.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       For        Management
      Auditors


--------------------------------------------------------------------------------

NIPPON TELEGRAPH & TELEPHONE CORP.

Ticker:                      Security ID:  JP3735400008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2500,
      Final JY 2500, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Decrease Authorized    For       For        Management
      Capital from 62.212 Million to 61.93
      Million Shares to Reflect Share
      Repurchase
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NIPPON UNIPAC HOLDING

Ticker:                      Security ID:  JP3754300006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4000,
      Final JY 4000, Special JY 0
2     Amend Articles to: Change Company Name to For       For        Management
      Nippon Paper Group, Inc. - Authorize
      Share Repurchases at Board's Discretion
3     Approve Reduction in Capital Reserves     For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       For        Management
5.4   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

NIPPON YUSEN K.K.

Ticker:                      Security ID:  JP3753000003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

NISHIMATSU CONSTRUCTION CO. LTD.

Ticker:                      Security ID:  JP3659200004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 9, Special JY 0
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5.1   Appoint Alternate Statutory Auditor       For       For        Management
5.2   Appoint Alternate Statutory Auditor       For       For        Management
6     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NISSAN CHEMICAL INDUSTRIES LTD.

Ticker:                      Security ID:  JP3670800006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 7, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

NISSAN MOTOR CO. LTD.

Ticker:       NSANY          Security ID:  JP3672400003
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 11, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4     Authorize Share Repurchase Program        For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       Against    Management
5.3   Appoint Internal Statutory Auditor        For       For        Management
5.4   Appoint Internal Statutory Auditor        For       For        Management
5.5   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

NISSHIN SEIFUN GROUP INC.

Ticker:                      Security ID:  JP3676800000
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4.5,
      Final JY 6.5, Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase -
      Clarify Director Authorities - Authorize
      Share Repurchases at Board's Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
5     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

NISSHINBO INDUSTRIES INC.

Ticker:                      Security ID:  JP3678000005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.5,
      Final JY 3.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

NISSIN FOOD PRODUCTS CO. LTD.

Ticker:                      Security ID:  JP3675600005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 30, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

NITTO DENKO CORP.

Ticker:                      Security ID:  JP3684000007
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 17,
      Final JY 23, Special JY 0
2     Amend Articles to: Reduce Board Size -    For       For        Management
      Increase Number of Internal Auditors -
      Abolish Retirement Bonus System -
      Authorize Share Repurchases at Board's
      Discretion - Streamline Board Structure
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       Against    Management
5.4   Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Deep Discount Stock Option Plan   For       For        Management
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors
8     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors
9     Approve Special Payments to Directors and For       Against    Management
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System


--------------------------------------------------------------------------------

NOMURA HOLDINGS INC.

Ticker:       NSLJ10         Security ID:  JP3762600009
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2     Approve Executive Stock Option Plan and   For       For        Management
      Deep-Discount Stock Option Plan
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management


--------------------------------------------------------------------------------

NSK LTD.

Ticker:                      Security ID:  JP3720800006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 4, Special JY 0
2     Amend Articles to: Adopt U.S.-Style Board For       For        Management
      Structure - Authorize Share Repurchases
      at Board's Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       Against    Management
4.11  Elect Director                            For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

NTN CORP.

Ticker:                      Security ID:  JP3165600002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 3, Special JY 0
2     Amend Articles to: Reduce Board Size -    For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

NTT DATA CORP.

Ticker:                      Security ID:  JP3165700000
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 1000,
      Final JY 1000, Special JY 0
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

NTT DOCOMO INC.

Ticker:                      Security ID:  JP3165650007
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 500,
      Final JY 500, Special JY 500
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
4.14  Elect Director                            For       For        Management
4.15  Elect Director                            For       For        Management
4.16  Elect Director                            For       For        Management
4.17  Elect Director                            For       For        Management
4.18  Elect Director                            For       For        Management
4.19  Elect Director                            For       For        Management
4.20  Elect Director                            For       For        Management
4.21  Elect Director                            For       For        Management
4.22  Elect Director                            For       For        Management
4.23  Elect Director                            For       For        Management
4.24  Elect Director                            For       For        Management
4.25  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

OBAYASHI CORP.

Ticker:                      Security ID:  JP3190000004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditors


--------------------------------------------------------------------------------

OJI PAPER CO., LTD.

Ticker:                      Security ID:  JP3174410005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 4,
      Final JY 6, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Director     For       For        Management
6     Approve Amendment to Income Allocation    Against   For        Shareholder
      Plan, with Final Dividend of JY 11 Per
      Share
7     Approve Amendment to Income Allocation    Against   Against    Shareholder
      Plan, to Eliminate Director Bonuses
8     Remove Director From Board                Against   Against    Shareholder


--------------------------------------------------------------------------------

OKI ELECTRIC INDUSTRY CO. LTD.

Ticker:                      Security ID:  JP3194000000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Approve Reduction in Legal Reserves       For       Against    Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors and Special
      Payments to Continuing Directors and
      Auditors in Connection with Abolition of
      Retirement Bonus System
7     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

OKUMURA CORP.

Ticker:                      Security ID:  JP3194800003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 9, Special JY 0
2     Amend Articles to: Cancel Year-End        For       For        Management
      Closure of Shareholder Register - Reduce
      Board Size - Increase Number of Internal
      Auditors - Clarify Director Authorities -
      Reduce Directors Term in Office -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
6     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

OLYMPUS CORP. (FORMERLY OLYMPUS OPTICAL)

Ticker:                      Security ID:  JP3201200007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 7.5,
      Final JY 7.5, Special JY 0
2     Approve Transfer of Imaging Business to   For       For        Management
      Wholly-Owned Subsidiary Olympus Imaging
3     Approve Transfer of Medical Equipment     For       For        Management
      Business to Wholly-Owned Subsidiary
      Olympus Medical Systems
4     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
5.1   Elect Director                            For       For        Management
5.2   Elect Director                            For       For        Management
5.3   Elect Director                            For       For        Management
5.4   Elect Director                            For       For        Management
5.5   Elect Director                            For       For        Management
5.6   Elect Director                            For       For        Management
5.7   Elect Director                            For       For        Management
5.8   Elect Director                            For       For        Management
5.9   Elect Director                            For       For        Management
5.10  Elect Director                            For       For        Management
5.11  Elect Director                            For       For        Management
5.12  Elect Director                            For       For        Management
6.1   Appoint Internal Statutory Auditor        For       For        Management
6.2   Appoint Internal Statutory Auditor        For       For        Management
6.3   Appoint Internal Statutory Auditor        For       For        Management
7     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

OMRON CORP.

Ticker:                      Security ID:  JP3197800000
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6.5,
      Final JY 6.5, Special JY 7
2     Amend Articles to: Abolish Retirement     For       For        Management
      Bonus System - Authorize Share
      Repurchases at Board's Discretion - Limit
      Outside Directors' Legal Liability
3     Authorize Share Repurchase Program        For       For        Management
4     Approve Transfer of Company's ATM         For       For        Management
      Business to Joint Venture with Hitachi
      Ltd.
5     Approve Transfer of Company's Amusement   For       For        Management
      Machine Components Business to
      Wholly-Owned Subsidiary
6     Elect Director                            For       For        Management
7     Appoint Internal Statutory Auditor        For       For        Management
8     Approve Special Payments to Continuing    For       Against    Management
      Directors and Statutory Auditors in
      Connection with Abolition of Retirement
      Bonus System
9     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

ORACLE CORP.  JAPAN

Ticker:                      Security ID:  JP3689500001
Meeting Date: AUG 21, 2003   Meeting Type: Annual
Record Date:  MAY 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 35,
      Final JY 75, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Limit Legal Liability  For       For        Management
      of Directors and Statutory Auditors
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

ORIENTAL LAND CO

Ticker:                      Security ID:  JP3198900007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 14,
      Final JY 15, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
3.4   Appoint Internal Statutory Auditor        For       Against    Management


--------------------------------------------------------------------------------

ORIX CORP.

Ticker:                      Security ID:  JP3200450009
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion - Limit Legal Liability of
      Directors and Executive Officers
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

OSAKA GAS CO. LTD.

Ticker:                      Security ID:  JP3180400008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor and Payments to
      Continuing Directors and Auditors in
      Connection with Abolition of Retirement
      Bonus System


--------------------------------------------------------------------------------

PIONEER CORPORATION

Ticker:       PIOCF          Security ID:  JP3780200006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12.5,
      Final JY 12.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

PROMISE CO LTD.

Ticker:                      Security ID:  JP3833750007
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 50,
      Final JY 50, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

RESONA HOLDINGS, INC.(FORMERLY DAIWA BANK HOLDINGS)

Ticker:                      Security ID:  JP3500610005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Decrease Authorized    For       For        Management
      Preferred Share Capital to Reflect
      Conversion of Preferred to Ordinary
      Shares - Authorize Share Repurchases at
      Board's Discretion
2     Approve Capital Reduction                 For       For        Management
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       Against    Management
3.9   Elect Director                            For       For        Management
4     Appoint Additional External Audit Firm    For       For        Management


--------------------------------------------------------------------------------

RICOH CO. LTD.

Ticker:       RICL20         Security ID:  JP3973400009
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 10, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management


--------------------------------------------------------------------------------

ROHM CO. LTD.

Ticker:                      Security ID:  JP3982800009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12.5,
      Final JY 42.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
3.5   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor


--------------------------------------------------------------------------------

SAIZERIYA CO., LTD.

Ticker:                      Security ID:  JP3310500008
Meeting Date: NOV 27, 2003   Meeting Type: Annual
Record Date:  AUG 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 10, Special JY 0
2     Amend Articles to: Allow Share            For       For        Management
      Repurchases at Discretion of Board
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

SANKYO CO. LTD.

Ticker:                      Security ID:  JP3326400003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Interim Special JY 2.5, Final JY 10,
      Final Special JY 7.5
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase from
      1.18 Billion to 1.17 Billion Shares -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

SANYO ELECTRIC CO. LTD.

Ticker:       SANYF          Security ID:  JP3340600000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

SAPPORO HOLDINGS LTD. (FORMERLY SAPPORO BREWERIES)

Ticker:                      Security ID:  JP3320800000
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Retained Earnings,  For       For        Management
      Including the Following Dividends:
      Interim JY 0, Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

SECOM CO. LTD.

Ticker:                      Security ID:  JP3421800008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Did Not    Management
      the Following Dividends: Interim JY 0,              Vote
      Final JY 45, Special JY 0
2     Amend Articles to: Expand Business Lines  For       Did Not    Management
      - Reduce Directors Term in Office -                 Vote
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       Did Not    Management
                                                          Vote
3.2   Elect Director                            For       Did Not    Management
                                                          Vote
3.3   Elect Director                            For       Did Not    Management
                                                          Vote
3.4   Elect Director                            For       Did Not    Management
                                                          Vote
3.5   Elect Director                            For       Did Not    Management
                                                          Vote
3.6   Elect Director                            For       Did Not    Management
                                                          Vote
3.7   Elect Director                            For       Did Not    Management
                                                          Vote
3.8   Elect Director                            For       Did Not    Management
                                                          Vote
3.9   Elect Director                            For       Did Not    Management
                                                          Vote
3.10  Elect Director                            For       Did Not    Management
                                                          Vote
3.11  Elect Director                            For       Did Not    Management
                                                          Vote
4     Approve Retirement Bonuses for Directors  For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

SEGA CORPORATION

Ticker:                      Security ID:  JP3419000009
Meeting Date: FEB 17, 2004   Meeting Type: Extraordinary Shareholders
Record Date:  DEC 29, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director                            For       For        Management
1.2   Elect Director                            For       For        Management


--------------------------------------------------------------------------------

SEGA CORPORATION

Ticker:                      Security ID:  JP3419000009
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Approve Establishment of Joint Holding    For       For        Management
      Company with Sammy Corp.
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors
6     Appoint Additional External Audit Firm    For       For        Management


--------------------------------------------------------------------------------

SEINO TRANSPORTATION CO. LTD.

Ticker:                      Security ID:  JP3415400005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 11, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

SEKISUI CHEMICAL CO. LTD.

Ticker:                      Security ID:  JP3419400001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 4, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
7     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SEKISUI HOUSE LTD.

Ticker:                      Security ID:  JP3420600003
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  JAN 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9,
      Final JY 9, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

SEVEN-ELEVEN JAPAN CO. LTD.

Ticker:                      Security ID:  JP3423000003
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 19,
      Final JY 20, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion - Limit Directors' Legal
      Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

SHARP CORP.

Ticker:       SHCAF          Security ID:  JP3359600008
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 10, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Special Bonus for Family of       For       For        Management
      Deceased Director and Approve Retirement
      Bonuses for Directors


--------------------------------------------------------------------------------

SHIMACHU CO. LTD.

Ticker:                      Security ID:  JP3356800007
Meeting Date: NOV 27, 2003   Meeting Type: Annual
Record Date:  AUG 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 7.15,
      Final JY 7.15, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Lower Quorum Requirement for
      Special Business
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management


--------------------------------------------------------------------------------

SHIMAMURA CO. LTD.

Ticker:                      Security ID:  JP3358200008
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 26.5,
      Final JY 31.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SHIMANO INC.

Ticker:                      Security ID:  JP3358000002
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9.5,
      Final JY 6.25, Special JY 3.25
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Decrease Authorized    For       For        Management
      Capital from 294.4 Million Shares to
      281.3 Million Shares to Reflect Share
      Repurchase - Authorize Share Repurchases
      at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

SHIMIZU CORP.

Ticker:                      Security ID:  JP3358800005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SHIN-ETSU CHEMICAL CO. LTD.

Ticker:                      Security ID:  JP3371200001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 8, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

SHIONOGI & CO. LTD.

Ticker:                      Security ID:  JP3347200002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4.25,
      Final JY 4.25, Special JY 0
2     Amend Articles to: Reduce Minimum Board   For       For        Management
      Size - Reduce Directors Term in Office -
      Authorize Share Repurchases at Board's
      Discretion - Expand Business Lines
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SHISEIDO CO. LTD.

Ticker:       SSDOY          Security ID:  JP3351600006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 11,
      Final JY 11, Special JY 0
2     Amend Articles to: Abolish Retirement     For       For        Management
      Bonus System - Authorize Share
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Payments to Continuing Directors  For       Against    Management
      and Statutory Auditors in Connection with
      Abolition of Retirement Bonus System
7     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

SHIZUOKA BANK LTD.

Ticker:                      Security ID:  JP3351200005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 4, Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors


--------------------------------------------------------------------------------

SHOWA DENKO K.K.

Ticker:                      Security ID:  JP3368000000
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       Against    Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors


--------------------------------------------------------------------------------

SMC CORP.

Ticker:                      Security ID:  JP3162600005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 19,
      Final JY 19, Special JY 10
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor
6     Appoint External Auditor                  For       For        Management


--------------------------------------------------------------------------------

SNOW BRAND MILK PRODUCTS CO. LTD.

Ticker:                      Security ID:  JP3947600007
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

SOFTBANK CORP

Ticker:                      Security ID:  JP3436100006
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 7, Special JY 0
2     Amend Articles to: Change Location of     For       For        Management
      Head Office - Authorize Share Repurchases
      at Board's Discretion
3     Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor
5     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

SOMPO JAPAN INSURANCE INC. (FORMERLY YASUDA FIRE & MARINE IN

Ticker:                      Security ID:  JP3932400009
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 8.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
4.5   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SONY CORP.

Ticker:       SNE            Security ID:  JP3435000009
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       Against    Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
2.13  Elect Director                            For       For        Management
2.14  Elect Director                            For       For        Management
2.15  Elect Director                            For       For        Management
2.16  Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management
4     Approve Stock Option Plan for Directors   For       For        Management
      and Executives of Subsidiary Sony
      Communication Network
5     Amend Articles to Require Disclosure of   Against   For        Shareholder
      Compensation Levels of Individual
      Directors and Executive Officers


--------------------------------------------------------------------------------

STANLEY ELECTRIC CO. LTD.

Ticker:                      Security ID:  JP3399400005
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 7,
      Final JY 7, Special JY 0
2     Amend Articles to: Reduce Share Trading   For       For        Management
      Unit - Reduce Directors Term in Office -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

SUMITOMO BAKELITE CO. LTD.

Ticker:                      Security ID:  JP3409400003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

SUMITOMO CHEMICAL CO. LTD.

Ticker:                      Security ID:  JP3401400001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Change Location of     For       For        Management
      Head Office - Change Company Name -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Approvre Retirement Bonuses for Directors For       Against    Management
      and Special Payments to Continuing
      Directors and Statutory Auditors in
      Connection with the Abolition of
      Retirement Bonus System


--------------------------------------------------------------------------------

SUMITOMO CORP.

Ticker:                      Security ID:  JP3404600003
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

SUMITOMO ELECTRIC INDUSTRIES LTD.

Ticker:                      Security ID:  JP3407400005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

SUMITOMO HEAVY INDUSTRY LTD.

Ticker:                      Security ID:  JP3405400007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management


--------------------------------------------------------------------------------

SUMITOMO METAL INDUSTRIES LTD.

Ticker:                      Security ID:  JP3402200004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 1.5, Special JY 0
2     Amend Articles to: Abolish Retirement     For       For        Management
      Bonus System
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Special Bonus for Family of       For       For        Management
      Deceased Statutory Auditor
6     Approve Payments to Continuing Directors  For       Against    Management
      and Statutory Auditors in Connection with
      Abolition of Retirement Bonus System


--------------------------------------------------------------------------------

SUMITOMO METAL MINING CO. LTD.

Ticker:                      Security ID:  JP3402600005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 6, Special JY 0
2     Amend Articles to: Clarify Director       For       For        Management
      Authorities in Connection with
      Introdution of Executive Officer System -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Special Bonus for Family of       For       For        Management
      Deceased Director and Approve Retirement
      Bonuses for Director and Statutory
      Auditor


--------------------------------------------------------------------------------

SUMITOMO MITSUI FINANCIAL GROUP INC.

Ticker:                      Security ID:  JP3890350006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 3000,
      Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Preferred Share Capital to Reflect
      Conversion of Preferred to Ordinary
      Shares - Authorize Share Repurchases at
      Board's Discretion
3     Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SUMITOMO OSAKA CEMENT CO. LTD.

Ticker:                      Security ID:  JP3400900001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 4, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SUMITOMO REALTY & DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  JP3409000001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 9, Special JY 0
2     Approve Introduction of New Compensation  For       For        Management
      System for Directors Tied to Company
      Performance
3     Approve Special Payments to Directors in  For       For        Management
      Connection with Abolition of Retirement
      Bonus System
4     Amend Articles to: Abolish Retirement     For       For        Management
      Bonus System


--------------------------------------------------------------------------------

SUMITOMO TRUST & BANKING CO. LTD.

Ticker:                      Security ID:  JP3405000005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 6, Special
      JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Preferred Share Capital to Reflect
      Conversion of Preferred to Ordinary
      Shares - Authorize Share Repurchases at
      Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors


--------------------------------------------------------------------------------

SURUGA BANK LTD.

Ticker:                      Security ID:  JP3411000007
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Change Company Name -  For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

SUZUKEN CO LTD

Ticker:                      Security ID:  JP3398000004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12,
      Final JY 12, Special JY 2
2     Amend Articles to: Increase Board Size -  For       For        Management
      Clarify Director Authorities in
      Connection with the Introduction of
      Executive officer System - Authorize
      Share Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor and Approve Special
      Payments to Continuing Directors and
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


--------------------------------------------------------------------------------

TAIHEIYO CEMENT CORP.

Ticker:                      Security ID:  JP3449020001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Reduce Maximum Board   For       For        Management
      Size - Authorize Share Repurchases at
      Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TAISEI CORP.

Ticker:                      Security ID:  JP3443600006
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors


--------------------------------------------------------------------------------

TAISHO PHARMACEUTICAL CO. LTD.

Ticker:                      Security ID:  JP3442800003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 25, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

TAKARA HOLDINGS

Ticker:                      Security ID:  JP3459600007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 7.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TAKASHIMAYA CO. LTD.

Ticker:                      Security ID:  JP3456000003
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.75,
      Final JY 3.75, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion


--------------------------------------------------------------------------------

TAKEDA CHEMICAL INDUSTRIES LTD.

Ticker:                      Security ID:  JP3463000004
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 36,
      Final JY 41, Special JY 0
2     Amend Articles to: Change Company Name in For       For        Management
      English to Takeda Pharmaceutical Co. Ltd.
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

TAKEFUJI CORP.

Ticker:                      Security ID:  JP3463200000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 50,
      Final JY 50, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       Against    Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TDK CORP.

Ticker:       TDK            Security ID:  JP3538800008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 30, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4     Authorize Share Repurchase Program        For       For        Management
5.1   Elect Director                            For       For        Management
5.2   Elect Director                            For       For        Management
5.3   Elect Director                            For       For        Management
5.4   Elect Director                            For       For        Management
5.5   Elect Director                            For       For        Management
5.6   Elect Director                            For       For        Management
5.7   Elect Director                            For       For        Management
6     Appoint Internal Statutory Auditor        For       For        Management
7     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TEIJIN LTD.

Ticker:                      Security ID:  JP3544000007
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


--------------------------------------------------------------------------------

TEIKOKU OIL CO. LTD.

Ticker:                      Security ID:  JP3540400003
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       Against    Management


--------------------------------------------------------------------------------

TERUMO CORP.

Ticker:                      Security ID:  JP3546800008
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 7,
      Final JY 9, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion - Streamline Board
      Structure in Connection with Introduction
      of Executive Officer System
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditors


--------------------------------------------------------------------------------

THK CO. LTD.

Ticker:                      Security ID:  JP3539250005
Meeting Date: JUN 26, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Did Not    Management
      the Following Dividends: Interim JY 7.5,            Vote
      Final JY 7.5, Special JY 0
2     Amend Articles to: Authorize Appointment  For       Did Not    Management
      of Alternate Statutory Auditors - Reduce            Vote
      Directors Term in Office - Authorize
      Share Repurchases at Board's Discretion -
      Abolish Retirement Bonus System
3.1   Elect Director                            For       Did Not    Management
                                                          Vote
3.2   Elect Director                            For       Did Not    Management
                                                          Vote
3.3   Elect Director                            For       Did Not    Management
                                                          Vote
3.4   Elect Director                            For       Did Not    Management
                                                          Vote
3.5   Elect Director                            For       Did Not    Management
                                                          Vote
3.6   Elect Director                            For       Did Not    Management
                                                          Vote
3.7   Elect Director                            For       Did Not    Management
                                                          Vote
3.8   Elect Director                            For       Did Not    Management
                                                          Vote
3.9   Elect Director                            For       Did Not    Management
                                                          Vote
3.10  Elect Director                            For       Did Not    Management
                                                          Vote
3.11  Elect Director                            For       Did Not    Management
                                                          Vote
3.12  Elect Director                            For       Did Not    Management
                                                          Vote
3.13  Elect Director                            For       Did Not    Management
                                                          Vote
3.14  Elect Director                            For       Did Not    Management
                                                          Vote
3.15  Elect Director                            For       Did Not    Management
                                                          Vote
4.1   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
4.2   Appoint Alternate Internal Statutory      For       Did Not    Management
      Auditor                                             Vote
5     Approve Retirement Bonuses for Directors  For       Did Not    Management
                                                          Vote
6     Approve Special Payments to Continuing    For       Did Not    Management
      Directors and Statutory Auditors in                 Vote
      Connection with Abolition of Retirement
      Bonus System
7     Approve Adjustment to Aggregate           For       Did Not    Management
      Compensation Ceilings for Directors and             Vote
      Statutory Auditors
8     Approve Executive Stock Option Plan       For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TIS INC. (FRM. TOYO INFORMATION  SYSTEMS)

Ticker:                      Security ID:  JP3612800007
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Final JY 15, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

TOBU RAILWAY CO. LTD.

Ticker:                      Security ID:  JP3597800006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
3.5   Appoint Internal Statutory Auditor        For       Against    Management


--------------------------------------------------------------------------------

TODA CORP.

Ticker:                      Security ID:  JP3627000007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
3.28  Elect Director                            For       For        Management
3.29  Elect Director                            For       For        Management
3.30  Elect Director                            For       For        Management
3.31  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

TOHO CO. LTD. (9602)

Ticker:                      Security ID:  JP3598600009
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  FEB 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 3
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

TOHOKU ELECTRIC POWER CO. INC.

Ticker:                      Security ID:  JP3605400005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 25, Special JY 0
2     Amend Articles to: Authorize Share        For       Against    Management
      Repurchases at Board's Discretion
3     Elect Director                            For       For        Management
4     Approve Alternate Income Allocation, with Against   Against    Shareholder
      No Director Bonuses and a Final Dividend
      of JY 30 Per Share
5     Amend Articles to Require Board to        Against   Against    Shareholder
      Reflect Contents of Shareholder Proposals
      in the Management of the Company
6     Amend Articles to Require Additional      Against   Against    Shareholder
      Disclosure Regarding Losses Incurred by
      the Company
7     Amend Articles to Require Disclosure of   Against   For        Shareholder
      Individual Compensation Levels of
      Directors and Statutory Auditors
8     Amend Articles to Include Language        Against   Against    Shareholder
      Promoting Cogeneration
9     Amend Articles to Require Separation of   Against   Against    Shareholder
      Thermal Power Business and Nuclear Power
      Business into Separate Business Units,
      and Establish a Multi-Power Source
      Business Unit
10    Amend Articles to Require Withdrawal from Against   Against    Shareholder
      Nuclear Fuel Cycle Project
11    Amend Articles to Require Decommissioning Against   Against    Shareholder
      of Two Reactors at Onagawa Nuclear Power
      Station
12    Remove Chairman and Representative        Against   Against    Shareholder
      Director Toshiaki Yashima from the Board


--------------------------------------------------------------------------------

TOKYO ELECTRIC POWER CO. LTD.

Ticker:                      Security ID:  JP3585800000
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Did Not    Management
      the Following Dividends: Interim JY 30,             Vote
      Final JY 30, Special JY 0
2     Amend Articles to: Expand Business Lines  For       Did Not    Management
      - Reduce Maximum Board Size - Authorize             Vote
      Share Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
3.2   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
3.3   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
3.4   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
3.5   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
3.6   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
3.7   Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
4     Approve Retirement Bonuses for Directors  For       Did Not    Management
      and Statutory Auditors                              Vote
5     Approve Alternate Allocation of Income    Against   Did Not    Shareholder
                                                          Vote
6     Amend Articles of Incorporation to Create Against   Did Not    Shareholder
      Investment Business Risk Assessment                 Vote
      Committee
7     Amend Articles to Create Obligation to    Against   Did Not    Shareholder
      Meet Legal Targets for Power Volume                 Vote
      Generated by Natural Energy
8     Amend Articles to Prohibit Diversion of   Against   Did Not    Shareholder
      Radioactive Substances for Military                 Vote
      Purposes
9     Amend Articles to Require Phase Out of    Against   Did Not    Shareholder
      Nuclear Facilities                                  Vote


--------------------------------------------------------------------------------

TOKYO ELECTRON LTD.

Ticker:                      Security ID:  JP3571400005
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 6, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Appoint External Auditors                 For       For        Management
6     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
8     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

TOKYO GAS CO. LTD.

Ticker:                      Security ID:  JP3573000001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3,
      Final JY 4, Special JY 0
2     Amend Articles to: Allow Appointment of   For       For        Management
      Alternate Statutory Auditors - Authorize
      Share Repurchases at Board's Discretion
3     Authorize Share Repurchase Program        For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TOKYU CORP.

Ticker:                      Security ID:  JP3574200006
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with a      For       For        Management
      Final Dividend of JY 5
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
3.4   Appoint Internal Statutory Auditor        For       For        Management
3.5   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

TONEN GENERAL SEKIYU K.K.

Ticker:                      Security ID:  JP3428600005
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 18,
      Final JY 18, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Allow
      Appointment of Alternate Statutory
      Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4     Appoint Alternate Statutory Auditor       For       Against    Management


--------------------------------------------------------------------------------

TOPPAN PRINTING CO. LTD.

Ticker:                      Security ID:  JP3629000005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 9, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
3.28  Elect Director                            For       For        Management
3.29  Elect Director                            For       For        Management
3.30  Elect Director                            For       For        Management
3.31  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

TORAY INDUSTRIES INC.

Ticker:                      Security ID:  JP3621000003
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2.5,
      Final JY 3, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
3.28  Elect Director                            For       For        Management
3.29  Elect Director                            For       For        Management
3.30  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

TOSHIBA CORP.

Ticker:                      Security ID:  JP3592200004
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       Did Not    Management
      Repurchases at Board's Discretion                   Vote
2.1   Elect Director                            For       Did Not    Management
                                                          Vote
2.2   Elect Director                            For       Did Not    Management
                                                          Vote
2.3   Elect Director                            For       Did Not    Management
                                                          Vote
2.4   Elect Director                            For       Did Not    Management
                                                          Vote
2.5   Elect Director                            For       Did Not    Management
                                                          Vote
2.6   Elect Director                            For       Did Not    Management
                                                          Vote
2.7   Elect Director                            For       Did Not    Management
                                                          Vote
2.8   Elect Director                            For       Did Not    Management
                                                          Vote
2.9   Elect Director                            For       Did Not    Management
                                                          Vote
2.10  Elect Director                            For       Did Not    Management
                                                          Vote
2.11  Elect Director                            For       Did Not    Management
                                                          Vote
2.12  Elect Director                            For       Did Not    Management
                                                          Vote
2.13  Elect Director                            For       Did Not    Management
                                                          Vote
2.14  Elect Director                            For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TOSOH CORP.

Ticker:                      Security ID:  JP3595200001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

TOSTEM INAX HOLDING CORP.

Ticker:                      Security ID:  JP3626800001
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 20,
      Final JY 20, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Reduce Share Trading Unit - Change
      Company Name to JS Group Corp. -
      Authorize Share Repurchases at Board's
      Discretion
3     Approve Executive Stock Option Plan       For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TOTO LTD.

Ticker:                      Security ID:  JP3596200000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5.5,
      Final JY 5.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


--------------------------------------------------------------------------------

TOYO SEIKAN KAISHA LTD.

Ticker:                      Security ID:  JP3613400005
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.75,
      Final JY 6.25, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Special Bonus for Family of       For       Against    Management
      Deceased Statutory Auditor and Approve
      Retirement Bonuses for Directors and
      Statutory Auditor


--------------------------------------------------------------------------------

TOYOBO CO. LTD.

Ticker:                      Security ID:  JP3619800000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 5, Special JY 0
2     Amend Articles to: Reduce Directors' Term For       For        Management
      in Office - Authorize Share Repurchases
      at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


--------------------------------------------------------------------------------

TOYODA GOSEI CO. LTD.

Ticker:                      Security ID:  JP3634200004
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 7.5,
      Final JY 8.5, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
4.14  Elect Director                            For       For        Management
4.15  Elect Director                            For       For        Management
4.16  Elect Director                            For       For        Management
4.17  Elect Director                            For       For        Management
4.18  Elect Director                            For       For        Management
4.19  Elect Director                            For       For        Management
4.20  Elect Director                            For       For        Management
4.21  Elect Director                            For       For        Management
4.22  Elect Director                            For       For        Management
4.23  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       Against    Management
6     Appoint External Auditors                 For       For        Management
7     Approve Executive Stock Option Plan       For       For        Management
8     Approve Special Bonus for Family of       For       For        Management
      Deceased Statutory Auditor and Retirement
      Bonuses for Directors


--------------------------------------------------------------------------------

TOYOTA INDUSTRIES CORP. (FORMERLY TOYODA AUTOMATIC LOOM WORKS)

Ticker:                      Security ID:  JP3634600005
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12,
      Final JY 12, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Executive Stock Option Plan       For       For        Management
5     Approve Special Bonus for Family of       For       Against    Management
      Deceased Statutory Auditor and Approve
      Retirement Bonus for Statutory Auditor


--------------------------------------------------------------------------------

TOYOTA MOTOR CORP.

Ticker:       TM             Security ID:  JP3633400001
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 20,
      Final JY 25, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
4     Approve Executive Stock Option Plan       For       For        Management
5     Authorize Share Repurchase Program        For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Special Bonus for Family of Deceased
      Director
7     Approve Alternate Allocation of Income,   Against   For        Shareholder
      with a Final Dividend of JY 40 Per Share
8     Amend Articles of Incorporation to        Against   For        Shareholder
      Require Disclosure of Individual
      Compensation Levels of Directors and
      Statutory Auditors
9     Amend Articles of Incorporation to        Against   Against    Shareholder
      Prohibit Corporate Donations to Political
      Parties and Political Fundraising Groups


--------------------------------------------------------------------------------

TREND MICRO INC.

Ticker:       TMIC           Security ID:  JP3637300009
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 14, Special JY 0
2     Amend Articles to: Authorize Share        For       Against    Management
      Repurchases at Board's Discretion
3     Amend Stock Option Plans Approved in      For       For        Management
      2001, 2002, and 2003
4     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

UBE INDUSTRIES LTD.

Ticker:                      Security ID:  JP3158800007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividends
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Reducation in Legal Reserves      For       Against    Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

UFJ HOLDINGS INC.

Ticker:                      Security ID:  JP3944300007
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Retained Earnings,  For       For        Management
      with No Dividends on Ordinary Shares
2     Amend Articles to: Decrease Authorized    For       For        Management
      Preferred Share Capital to Reflect
      Conversion of Preferred to Ordinary
      Shares - Authorize Share Repurchases at
      Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management


--------------------------------------------------------------------------------

UNI-CHARM CORP.

Ticker:                      Security ID:  JP3951600000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 14,
      Final JY 14, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Clarify Director Authorities in
      Connection with the Introduction of
      Executive Officer System - Authorize
      Share Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


--------------------------------------------------------------------------------

UNY CO. LTD.

Ticker:                      Security ID:  JP3949600005
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 9,
      Final JY 9, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
3.3   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


--------------------------------------------------------------------------------

WEST JAPAN RAILWAY CO

Ticker:                      Security ID:  JP3659000008
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 2500,
      Final JY 2500, Special JY 1500
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management


--------------------------------------------------------------------------------

WORLD CO. LTD.

Ticker:                      Security ID:  JP3990200002
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 14,
      Final JY 19, Special JY 0
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Appoint Alternate Statutory Auditor       For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management


--------------------------------------------------------------------------------

YAMADA DENKI CO.

Ticker:                      Security ID:  JP3939000000
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 11, Special JY 1
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


--------------------------------------------------------------------------------

YAMAHA CORP.

Ticker:                      Security ID:  JP3942600002
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Did Not    Management
      the Following Dividends: Interim JY 5,              Vote
      Final JY 10, Special JY 0
2     Amend Articles to: Authorize Share        For       Did Not    Management
      Repurchases at Board's Discretion                   Vote
3.1   Elect Director                            For       Did Not    Management
                                                          Vote
3.2   Elect Director                            For       Did Not    Management
                                                          Vote
3.3   Elect Director                            For       Did Not    Management
                                                          Vote
3.4   Elect Director                            For       Did Not    Management
                                                          Vote
4     Appoint Internal Statutory Auditor        For       Did Not    Management
                                                          Vote
5     Approve Retirement Bonus for Director     For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

YAMANOUCHI PHARMACEUTICAL CO. LTD.

Ticker:                      Security ID:  JP3942400007
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 16, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3     Approve Merger Agreement with Fujisawa    For       For        Management
      Pharmaceutical Co.
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
6     Approve Executive Stock Option Plan       For       For        Management
7     Approve Retirement Bonuses for Directors  For       For        Management


--------------------------------------------------------------------------------

YAMATO TRANSPORT CO. LTD.

Ticker:                      Security ID:  JP3940000007
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 10, Special JY 0
2     Amend Articles to: Reduce Board Size -    For       For        Management
      Streamline Board Structure - Authorize
      Share Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors and Payments to
      Continuing Directors and Auditors in
      Connection with Abolition of Retirement
      Bonus System


--------------------------------------------------------------------------------

YOKOGAWA ELECTRIC CORP.

Ticker:                      Security ID:  JP3955000009
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3.75,
      Final JY 3.75, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
4.4   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Special Payments to Continuing    For       Against    Management
      Directors and Statutory Auditors in
      Conection with The Abolition of
      Retirement Bonus System
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors




======================= ISHARES MSCI MALAYSIA INDEX FUND =======================


AMMB HOLDINGS BERHAD

Ticker:                      Security ID:  MYL1015OO006
Meeting Date: SEP 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Mar. 31, 2003
2     Approve a First and Final Dividend of     For       For        Management
      Five Percent Less Tax for the Year Ended
      Mar. 31, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Year Ended Mar. 31, 2003
4     Elect Azlan Hashim as Director            For       For        Management
5     Elect Tun Mohammed Hanif Omar as Director For       For        Management
6     Elect Soo Kim Wai as Director             For       For        Management
7     Elect Mohd. Tahir Haji Abdul Rahim as     For       For        Management
      Director
8     Approve Deloitte KassimChan as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares Pursuant to    For       For        Management
      Employees'Share Option Scheme II
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

AMMB HOLDINGS BERHAD

Ticker:                      Security ID:  MYL1015OO006
Meeting Date: OCT 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capitalization of Up to MYR631.10 For       For        Management
      Million from the Share Premium Account of
      the Company for a Proposed Bonus Issue of
      Up to 631.10 Million New Ordinary Shares
      to be Distributed on the Basis of One New
      Share for Every Two Existing Shares Held
2     Approve Renounceable Rights Issue of Up   For       For        Management
      to 378.66 Million New Ordinary Shares of
      MYR1.00 Each at an Issue Price of MYR1.10
      Per Share on the Basis of One New Share
      for Every Five Existing Shares Held After
      the Bonus Issue
3     Approve Increase in Authorized Share      For       For        Management
      Capital from MYR2 Billion Divided Into
      Two Billion Shares of MYR1.00 Each to
      MYR5 Billion Divided Into Five Billion
      Shares of MYR1.00 Each by Creating Three
      Billion New Ordinary Shares of MYR1.00
      Each
1     Approve Amendment to the Capital Clause   For       For        Management
      in the Memorandum of Association of the
      Company
2     Approve Amendment to Article 3            For       For        Management
      (Authorized Share Capital) of the
      Articles of Association of the Company


--------------------------------------------------------------------------------

AMMB HOLDINGS BERHAD

Ticker:                      Security ID:  MYL1015OO006
Meeting Date: SEP 24, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Arab-Malaysian
      Corporation Bhd Group
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with AMFB Holdings Bhd Group
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Unigaya Protection
      System Sdn Bhd
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with AMDB Bhd Group
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Computer Systems
      Advisers (M) Bhd Group
6     Authorize Issuance of New Ordinary Shares For       For        Management
      of MYR1.00 Each in the Company Pursuant
      to the Exercise of the Subscription
      Rights Comprised in the Five-Year
      Warrants 2003/2008


--------------------------------------------------------------------------------

BANDAR RAYA DEVELOPMENTS BHD.

Ticker:                      Security ID:  MYL1473OO007
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve First and Final Dividend of Two   For       For        Management
      Percent Less Income Tax for the Financial
      Year Ended Dec. 31, 2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR216,000 for the Financial
      Year Ended Dec. 31, 2003
4     Elect Mohamed Moiz Bin J M Ali Moiz as    For       For        Management
      Director
5     Elect Jaganath Derek Steven Sabapathy as  For       For        Management
      Director
6     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

BERJAYA SPORTS TOTO BHD.

Ticker:                      Security ID:  MYL1562OO007
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Apr. 30, 2002
2     Approve Final Dividend of 28 Percent Per  For       For        Management
      Share Less Income Tax for the Year Ended
      Apr. 30, 2002
3     Approve Remuneration of Directors         For       For        Management
      Amounting to MYR35,000 for the Year Ended
      Apr. 30, 2002
4     Elect Robin Tan Yeong Ching as Director   For       For        Management
5     Elect Mohamed Saleh Bin Gomu as Director  For       For        Management
6     Elect Thong Yaw Hong as Director          For       For        Management
7     Elect Jaffar Bin Abdul as Director        For       For        Management
8     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
10    Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

BERJAYA SPORTS TOTO BHD.

Ticker:                      Security ID:  MYL1562OO007
Meeting Date: OCT 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

BRITISH AMERICAN TOBACCO BHD. (FORMERLY ROTHMANS OF PALL MAL

Ticker:                      Security ID:  MYL4162OO003
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend for the Financial  For       For        Management
      Year Ended Dec. 31, 2003
3     Elect Oh Chong Peng as Director           For       For        Management
4     Elect Phan Boon Siong as Director         For       For        Management
5     Elect Syed Hussain bin Syed Husman as     For       For        Management
      Director
6     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions
9     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
10    Approve Disposal of Two Pieces of         For       For        Management
      Freehold Land in Sungai Besi by Tobacco
      Blenders and Manufacturers Sdn Bhd to
      Shing Lam Huat Sdn Bhd
11    Approve Grant of Option by Tobacco        For       For        Management
      Blenders and Manufacturers Snd Bhd to BCM
      Holdings Sdn Bhd to Purchase Two Pieces
      of Land in Sungai Besi


--------------------------------------------------------------------------------

COMMERCE ASSET-HOLDING BERHAD

Ticker:                      Security ID:  MYL1023OO000
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve First and Final Dividends of      For       For        Management
      MYR0.05 Less Income Tax and Special
      Dividend of MYR0.05 Less Income Tax for
      the Financial Year Ended Dec. 31, 2003
3     Elect Tan Sri Datuk Asmat Kamaludin as    For       For        Management
      Director
4     Elect En Mohd Salleh Mahmud as Director   For       For        Management
5     Elect Roslan A. Ghaffar as Director       For       For        Management
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR60,000
7     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

COURTS MAMMOTH BER

Ticker:                      Security ID:  MYL5023OO006
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Mar. 31, 2003
2     Approve Remuneration of Directors for the For       For        Management
      Year Ended Mar. 31, 2003
3     Elect Ahmad Johari b. Abdul Razak  as     For       For        Management
      Director
4     Elect Razman Hafidz bin Abu Zarim as      For       For        Management
      Director
5     Elect Charles Tan Poh Tei as Director     For       For        Management
6     Elect David Philip Wood as Director       For       For        Management
7     Approve Final Dividend of MYR0.03 Tax     For       For        Management
      Exempt Per Share for the Financial Year
      Ended Mar. 31, 2003
8     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

COURTS MAMMOTH BER

Ticker:                      Security ID:  MYL5023OO006
Meeting Date: NOV 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 636.57 Million     For       For        Management
      Ordinary Shares of Indonesian Rupiah (RP)
      100.00 Each or 94.99 Percent in PT Courts
      Indonesia, TBK (PT Courts) Together with
      RP16.50 Billion Worth of Promissory Notes
      Issued by PT Courts
2     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

DRB-HICOM BERHAD (FORMERLY DIVERSIFIED RESOURCES)

Ticker:                      Security ID:  MYL1619OO005
Meeting Date: SEP 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Bye-Laws Governing the Existing     For       Against    Management
      Employees' Share Option Scheme of
      DRB-Hicom Bhd
2     Approve Issuance of Up to 460,000         For       Against    Management
      Additional Options to Ahmad Othman Yahaya
      Under the Employees' Share Option Scheme
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

DRB-HICOM BERHAD (FORMERLY DIVERSIFIED RESOURCES)

Ticker:                      Security ID:  MYL1619OO005
Meeting Date: MAR 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Disposal of Assets of Named   For       Against    Management
      Subsidiaries of DRB-Hicom Bhd to Syarikat
      Prasarana Negara Bhd (Purchaser) for
      MYR176.98 Million Cash and the Issuance
      of Letter of Guarantee and Indemnity to
      the Purchaser, Being a Related Party
      Transaction


--------------------------------------------------------------------------------

DRB-HICOM BERHAD (FORMERLY DIVERSIFIED RESOURCES)

Ticker:                      Security ID:  MYL1619OO005
Meeting Date: SEP 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Mar.
      31, 2003
2     Approve a First and Final Dividend of     For       For        Management
      MYR0.02 Gross Per Share Less Income Tax
      of 28 Percent for the Financial Year
      Ended Mar. 31, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Year Ended Mar. 31, 2003
4     Elect Mohd Saleh Sulong as Director       For       For        Management
5     Elect Maznah Abdul Jalil as Director      For       For        Management
6     Elect Mohd Nor Mohamad as Director        For       For        Management
7     Elect B. Bhaskaran Pillai as Director     For       For        Management
8     Elect Amir Baharudin as Director          For       For        Management
9     Elect Haji Mohamad Nor Mohamad as         For       For        Management
      Director
10    Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
11    Approve Issuance of Shares Pursuant to    For       Against    Management
      Share Option Scheme
12    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

EDARAN OTOMOBIL NASIONAL BHD (EON)

Ticker:                      Security ID:  MYL4774OO005
Meeting Date: APR 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Share      For       For        Management
      Capital from MYR500 Million Comprising
      500 Million Ordinary Shares of MYR1.00
      Each to MYR1 Billion Comprising One
      Billion Ordinary Shares
2     Approve Proposed Amendment to Clause 5 of For       For        Management
      the Company's Memorandum of Association
      and Article 3 of the Company's Articles
      of Association
3     Approve Payment of Dividends in Specie of For       For        Management
      Up to 175.51 Million Shares Representing
      Approximately 25.32 Equity Interest in
      EON Capital Bhd on a Basis of Entitlement
      to be Determined
4     Approve the Proposed Bonus Issue of a     For       For        Management
      Number of EON Shares to be Credited as
      Fully Paid-Up and Subsequently Cancelled
      for the Implementation of the Proposed
      Capital Repayment of ECB Shares on a
      Basis of Entitlement to Be Determined
5     Approve Proposed Capital Repayment of the For       For        Management
      Remaining Shares in ECB Not Distributed
      Pursuant to the Proposed Dividends in
      Specie of ECB Shares at Zero Subscription
      Cost by Using the Credits from the
      Cancellation of the Bonus Shares


--------------------------------------------------------------------------------

EDARAN OTOMOBIL NASIONAL BHD (EON)

Ticker:                      Security ID:  MYL4774OO005
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of MYR0.22 Per     For       For        Management
      Share Less 28 Percent Malaysian Income
      Tax for the Financial Year Ended Dec. 31,
      2003
3     Elect Adzmi bin Abdul Wahab as Director   For       For        Management
4     Elect Maznah bte Abdul Jalil as Director  For       For        Management
5     Elect Anthony Nightingale as Director     For       For        Management
6     Elect M SHANmughalingam as Director       For       For        Management
7     Elect Wan Awang bin Wan Yaacob as         For       For        Management
      Director
8     Elect Rin Nan Lun as Director             For       For        Management
9     Elect Aziyah binti Bahauddin as Director  For       For        Management
10    Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR612,000 for the Financial
      Year Ended Dec. 31, 2003
11    Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
12    Approve Issuance of Shares Pursuant to    For       Against    Management
      Employees' Share Option Scheme
13    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

GAMUDA BHD.

Ticker:                      Security ID:  MYL5398OO002
Meeting Date: JAN 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended July 31, 2003
2     Approve a Final Dividend of Nine Percent  For       For        Management
      Per Share Less 28 Percent Income Tax for
      the Year Ended July 31 ,2003
3     Approve Remuneration of Directors for the For       For        Management
      Year Ended July 31, 2003
4     Elect Ir Talha bin Haji Mohd Hashim as    For       For        Management
      Director
5     Elect Mohd Ramli bin Kushairi as Director For       For        Management
6     Elect Ab Rahman bin Omar as Director      For       For        Management
7     Elect Abdul Aziz bin Raja Salim as        For       For        Management
      Director
8     Elect Haji Azmi Mat Nor as Director       For       For        Management
9     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Lingkaran Trans Kota
      Sdn Bhd


--------------------------------------------------------------------------------

GENTING BERHAD

Ticker:                      Security ID:  MYL3182OO002
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividends for the Financial For       Against    Management
      Year Ended Dec. 31, 2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR597,699 for the Financial
      Year Ended Dec. 31, 2003
4     Elect Lim Kok Thay as Director            For       For        Management
5     Elect Quah Chek Tin as Director           For       For        Management
6     Elect Mohd Amin bin Osman as Director     For       For        Management
7     Elect Gunn Chit Tuan as Director          For       For        Management
8     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
1     Amend Article 118 Re: Insertion of a New  For       For        Management
      Article 118A which Creates the Position
      of an Honorary Life Chairman of the
      Company


--------------------------------------------------------------------------------

GOLDEN HOPE PLANTATIONS BERHAD

Ticker:                      Security ID:  MYL1953OO008
Meeting Date: AUG 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Joint Venture Between Golden Hope For       For        Management
      Development Sdn Bhd, a Wholly-Owned
      Subsidiary of Golden Hope Plantations
      Bhd, and Negara Properties Smarthome Sdn
      Bhd, a Wholly-Owned Subsidiary of Negara
      Properties (M) Bhd to Jointly Develop
      Bangi Estate
2     Approve Joint Venture Between Golden Hope For       For        Management
      Development Sdn Bhd and Melawati
      Development Sdn Bhd, a Wholly-Owned
      Subsidiary of Negara Properties (M) Bhd
      to Jointly Develop Old Lunderston Estate
3     Approve Joint Venture Agreement Between   For       For        Management
      Golden Hope Development Sdn Bhd, and
      Melawati Development Sdn Bhd to Jointly
      Develop Part of Kota Bayuemas
4     Approve Joint Venture Agreement Between   For       For        Management
      Golden Hope Development Sdn Bhd and
      Negara Properties Realty Sdn Bhd to
      Jointly Develop Part of Kota Seriemas


--------------------------------------------------------------------------------

GOLDEN HOPE PLANTATIONS BERHAD

Ticker:                      Security ID:  MYL1953OO008
Meeting Date: OCT 20, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category A
      of Paragraph 2.5 (i) of the Circular
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category B
      of Paragraph 2.5 (i) of the Circular
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category C
      of Paragraph 2.5 (i) of the Circular
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category D
      of Paragraph 2.5 (i) of the Circular
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category E
      of Paragraph 2.5 (i) of the Circular
6     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category F
      of Paragraph 2.5 (i) of the Circular
7     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category G
      of Paragraph 2.5 (i) of the Circular
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category H
      of Paragraph 2.5 (i) of the Circular
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category I
      of Paragraph 2.5 (i) of the Circular
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Those Under Category A
      of Paragraph 2.5 (ii) of the Circular


--------------------------------------------------------------------------------

GOLDEN HOPE PLANTATIONS BERHAD

Ticker:                      Security ID:  MYL1953OO008
Meeting Date: OCT 20, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve a Final Dividend for the          For       For        Management
      Financial Year Ended June 30, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended June 30, 2003
4     Elect Ng Chong Kin as Director            For       For        Management
5     Elect Henry Sackville Barlow as Director  For       For        Management
6     Elect Maznah binti Abdul Hamid as         For       For        Management
      Director
7     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

GUINNESS ANCHOR BERHAD

Ticker:                      Security ID:  MYL3255OO006
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve a Final Dividend of MYR0.12 Gross For       For        Management
      Per MYR0.50 Stock Unit Less Singapore
      Income Tax at 22 Percent and a Special
      Dividend of MYR0.12 Gross Per MYR0.50
      Stock Unit Less Singapore Tax at 22
      Percent for the Year Ended June 30, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Year Ended June 30, 2003
4     Elect Saw Huat Lye as Director            For       For        Management
5     Elect Alwi Jantan as Director             For       For        Management
6     Elect Theo A F de Rond as Director        For       For        Management
7     Elect Quek Peck Leng as Director          For       For        Management
8     Elect John Irving as Director             For       For        Management
9     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

HIGHLANDS & LOWLANDS BERHAD

Ticker:                      Security ID:  MYL2402OO005
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Special Tax-Exempt Dividend of    For       For        Management
      MYR0.065 Per Share and Final Dividend of
      MYR0.25 Per Share Less 28 Percent
      Malaysian Tax for the Financial Year
      Ended Dec. 31, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
4     Elect Abdul Khalid Ibrahim as Director    For       For        Management
5     Elect Abd Wahab Maskan as Director        For       For        Management
6     Elect Muhammad Alias Raja Muhammad Ali as For       For        Management
      Director
7     Elect Chang Min Tat as Director           For       For        Management
8     Elect Haji Johari Muhamad Abbas as        For       For        Management
      Director
9     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration


--------------------------------------------------------------------------------

HIGHLANDS & LOWLANDS BERHAD

Ticker:                      Security ID:  MYL2402OO005
Meeting Date: JUN 10, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Provision of Financial
      Assistance Between the Company and/or Its
      Subsidiary Companies, and Kumpulan
      Guthrie Bhd Via the Centralized Treasury
      Management System of the Managing Agent


--------------------------------------------------------------------------------

HONG LEONG BANK BHD.

Ticker:                      Security ID:  MYL5819OO007
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Final Dividend of 18 Percent Less For       For        Management
      Income Tax at 28 Percent and Special Tax
      Exempt Dividend of 11 Percent for the
      Year Ended June 30, 2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR391,616
4a    Elect Hussein Awang as Director           For       For        Management
4b    Elect Tan Keok Yin as Director            For       For        Management
4c    Elect Chew Peng Cheng as Director         For       For        Management
4d    Elect Yvonne Chia as Director             For       For        Management
4e    Elect Mohamed Nazim Bin Abdul Razak as    For       For        Management
      Director
5     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

HONG LEONG BANK BHD.

Ticker:                      Security ID:  MYL5819OO007
Meeting Date: OCT 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hong Leong Company
      (Malaysia) Bhd (HLCM) and Persons
      Connected with HLCM
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Chew Peng Cheng and
      Persons Connected with Him
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zaki Bin Tun Azmi


--------------------------------------------------------------------------------

HONG LEONG CREDIT BERHAD

Ticker:                      Security ID:  MYL1082OO006
Meeting Date: OCT 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hong Leong Company
      (Malaysia) Bhd (HLCM) and Persons
      Connected with HLCM
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zaki bin Tun Azmi and
      the Person Cconnected with Him, Namely
      BIB Insurance Brokers Sdn Bhd


--------------------------------------------------------------------------------

HONG LEONG CREDIT BERHAD

Ticker:                      Security ID:  MYL1082OO006
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR260,000
3a    Elect Roger Tan Kim Hock as Director      For       For        Management
3b    Elect Chia Ah Kow as Director             For       For        Management
4     Elect Haji Kamarulzaman bin Mohamed as    For       For        Management
      Director
5     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
6b    Amend Articles Re: Article 122 of the     For       For        Management
      Articles of Association


--------------------------------------------------------------------------------

HONG LEONG INDUSTRIES BERHAD

Ticker:                      Security ID:  MYL3301OO008
Meeting Date: OCT 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hong Leong Company
      (Malaysia) Bhd (HLCM) and Persons
      Connected with HLCM
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Chuah Chuan Thye and
      Persons Connected with Him
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Ng Choong Hai and
      Persons Connected with Him
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Petr Karel Korous and
      Persons Connected with Him
6     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Yamaha Motor Co Ltd
      (YMC) and Persons Connected with YMC
7     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zaki Bin Tun Azmi and
      Persons Connected with Him
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Kwek Leng Beng and
      Persons Connected with Him


--------------------------------------------------------------------------------

HONG LEONG INDUSTRIES BERHAD

Ticker:                      Security ID:  MYL3301OO008
Meeting Date: JUL 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Purchase And/Or Disposal For       Did Not    Management
      of Malaysian Pacific Industries Bhd                 Vote
      Shares


--------------------------------------------------------------------------------

HONG LEONG INDUSTRIES BERHAD

Ticker:                      Security ID:  MYL3301OO008
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR260,000
3a    Elect Ahmad Johari bin Tun Abdul Razak as For       For        Management
      Director
3b    Elect Naquiah bt Tuanku Ja'afar as        For       For        Management
      Director
3c    Elect Agoes Salim as Director             For       For        Management
4     Approve Ling Kam Hoong & Co  as Auditors  For       For        Management
      and Authorize Board to Fix Their
      Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

HUME INDUSTRIES (MALAYSIA) BHD.

Ticker:                      Security ID:  MYL3328OO001
Meeting Date: OCT 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal of 11.88 Million         For       For        Management
      Ordinary Shares of MYR1.00 Each
      Representing 90 Percent Equity Interest
      in Hume Furniture Industries to Hume
      Cemboard for a Total Cash Considerationof
      MYR53.28 Million


--------------------------------------------------------------------------------

HUME INDUSTRIES (MALAYSIA) BHD.

Ticker:                      Security ID:  MYL3328OO001
Meeting Date: OCT 27, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR191,041
3a    Elect Mohd Daim bin Abdul Rahim as        For       For        Management
      Director
3b    Elect Wong Ah Lek as Director             For       For        Management
4     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

HUME INDUSTRIES (MALAYSIA) BHD.

Ticker:                      Security ID:  MYL3328OO001
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of the Company's     For       For        Management
      Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hong Leong Company Bhd
      (HLCM) Group
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Chuah Chuan Thye and
      Hong Bee Hardware Sdn Bhd
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zaki Bin Tun Azmi and
      BIB Insurance Brokers Sdn Bhd
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zainal Abidin bin Raja
      Haji Tachik, RZA Forwarding Sdn Bhd and
      Rza Warehousing Sdn Bhd
6     Approve Conversion of All Existing Issued For       For        Management
      and Paid-Up Ordinary Stock Units of
      MYR1.00 Each in Hume Industries Bhd
      (HIMB) into Issued and Fully Paid-Up
      Ordinary Shares of MYR1.00 Each in HIMB


--------------------------------------------------------------------------------

HUME INDUSTRIES (MALAYSIA) BHD.

Ticker:                      Security ID:  MYL3328OO001
Meeting Date: OCT 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal of Up to 941,000         For       For        Management
      Ordinary  Shares of MYR1.00 Each or 0.72
      Percent of the Issued and Paid-Up Share
      Capital of O.Y.L. Industries Bhd Through
      the Open Market/Stockbroker Placement


--------------------------------------------------------------------------------

IGB CORP. BHD.

Ticker:                      Security ID:  MYL1597OO003
Meeting Date: MAY 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of Three Percent   For       For        Management
      Less Tax and Two Percent Tax-exempt for
      the Financial Year Ended Dec. 31, 2003
3     Elect Tan Boon Seng as Director           For       For        Management
4     Elect Tan Boon Lee as Director            For       For        Management
5     Elect Tan Lei Cheng as Director           For       For        Management
6     Elect Pauline Tan Suat Ming as Director   For       For        Management
7     Elect Tony Tan @ Choon Keat as Director   For       For        Management
8     Elect Tan Kai Seng as Director            For       For        Management
9     Elect Abdul Habib bin Mansur as Director  For       For        Management
10    Elect Haji Megat Muhaiyadin bin Megat     For       For        Management
      Hassan as Director
11    Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
12    Approve Issuance of Options to Tan Boon   For       Against    Management
      Lee Pursuant to Share Option Scheme
13    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

IGB CORP. BHD.

Ticker:                      Security ID:  MYL1597OO003
Meeting Date: MAY 31, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Dispose 99.54 Percent Interest in Mid     For       For        Management
      Valley City to Kris Components for
      MYR1.03 Billion, Satisfiable by MYR102
      Million Cash, 252 Million Ordinary Kris
      Shares at MYR2.50 Each and 2.93 Million
      New Redeemable Preference Shares at
      MYR100 Per Kris RPS
2     Acquire 41.84 Percent Interest in Kris    For       For        Management
      from Amtek Engineering Lt for MYR91.20
      Million and to Undertake a Mandatory
      Offer to Acquire the Remaining Shares in
      Kris at an Offer Price of MYR2.78 Per
      Kris Share


--------------------------------------------------------------------------------

IJM CORP. BHD.

Ticker:                      Security ID:  MYL3336OO004
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Haji Murad Bin Mohamad Noor as      For       For        Management
      Director
3     Elect Boon Seng @ Krishnan as Director    For       For        Management
4     Elect Goh Chye Koon as Director           For       For        Management
5     Elect Ismail Bin Shahudin as Director     For       For        Management
6     Elect Abd Hamid Bin Othman as Director    For       For        Management
7     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR316,000 for the Financial
      Year Ended Dec. 31, 2003
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

IJM CORP. BHD.

Ticker:                      Security ID:  MYL3336OO004
Meeting Date: OCT 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Employee Share Option Scheme      For       Against    Management
2     Approve Issuance of Shares to Tan Boon    For       Against    Management
      Seng @ Krishnan Pursuant to Share Option
      Scheme
3     Approve Issuance of Shares to Goh Chye    For       Against    Management
      Koon Pursuant to Share Option Scheme
4     Approve Issuance of Shares to Soo Heng    For       Against    Management
      Chin Pursuant to Share Option Scheme


--------------------------------------------------------------------------------

IJM CORP. BHD.

Ticker:                      Security ID:  MYL3336OO004
Meeting Date: MAY 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent  Related Party
      Transactions as Set Out in Section 2.2
      (ii)(a) of the Circular to Shareholders
      dated Apr. 27, 2004
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions as Set Out in Section 2.2
      (ii)(b) of the Circular to Shareholders
      dated Apr. 27, 2004


--------------------------------------------------------------------------------

IOI CORPORATION BERHAD

Ticker:                      Security ID:  MYL1961OO001
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2     Elect Hj Mohd Khalil b Dato' Hj Mohd Noor For       For        Management
      as Director
3     Elect Lee Cheng Leang as Director         For       For        Management
4     Elect Chan Fong Ann as Director           For       For        Management
5     Approve Remuneration of Directors         For       For        Management
6     Approve BDO Binder as Auditors and        For       For        Management
      Authorize Board to Fix Their Remuneration
7     Approve Issuance of Shares Pursuant to    For       Against    Management
      Executive Share Option Scheme
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

IOI CORPORATION BERHAD

Ticker:                      Security ID:  MYL1961OO001
Meeting Date: OCT 23, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of the Equity of B A  For       For        Management
      Plantations Sdn Bhd for a Purchase
      Consideration of MYR99.82 Million to be
      Satisfied by MYR29.95 Million Cash and
      13.44 Million New Ordinary Shares of
      MYR0.50 Each
2     Approve Acquisition of the Entire Equity  For       For        Management
      of Mayvin (Sabah) Sdn Bhd for a Purchase
      Consideration of MYR102.21 Million to be
      Satisfied by MYR30.66 Million Cash and
      13.76 Million New Ordinary Shares of
      MYR0.50 Each
3     Approve Acquisition of the Entire Equity  For       For        Management
      of Pine Capital Sdn Bhd and Settlement of
      Shareholders' Advances of MYR6 Million
      for a Total of MYR122.51 Million to be
      Satisfied by MYR36.75 Million Cash and
      16.49 Million New IOI Shares at MYR5.20
      Per Share
4     Approve Acquisition of the Entire Equity  For       For        Management
      of Right Purpose for a Purchase
      Consideration of MYR125.98 Million to be
      Satisfied by MYR37.79 Million Cash and
      16.96 Million New Ordinary Shares of
      MYR0.50 Each in IOI at MYR5.20 Per Share
5     Approve Acquisition of the Entire Equity  For       For        Management
      of Mayvin for a Purchase Consideration of
      MYR85.13 Million to be Satisfied by
      MYR25.54 Million Cash and 11.46 Million
      New Ordinary Shares of MYR0.50 Each in
      IOI at MYR5.20 Per Share
6     Amend Bye-Laws of the IOI Executive Share For       Against    Management
      Option Scheme


--------------------------------------------------------------------------------

IOI PROPERTIES (FORMERLY LAM SOON HUAT DEV.)

Ticker:                      Security ID:  MYL1635OO001
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2     Elect Lee Yeow Chor as Director           For       For        Management
3     Elect Said Abidin b Raja Shahrome as      For       For        Management
      Director
4     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR231,000
5     Approve BDO Binder as Auditors and        For       For        Management
      Authorize Board to Fix Their Remuneration
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

JAYA TIASA HOLDINGS BHD.

Ticker:                      Security ID:  MYL4383OO005
Meeting Date: SEP 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

JAYA TIASA HOLDINGS BHD.

Ticker:                      Security ID:  MYL4383OO005
Meeting Date: SEP 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Apr. 30, 2003
2     Approve Remuneration of Directors for the For       For        Management
      Year Ended Apr. 30, 2003
3     Approve a First and Final Dividend of     For       For        Management
      Three Percent Less Tax for the Year Ended
      Apr. 30, 2003
4     Elect Abdul Rahman Bin Abdul Hamid as     For       For        Management
      Director
5     Elect Tiong Chiong Hoo  as Director       For       For        Management
6     Elect Tuan Haji Wan Alshagaf Bin Tuanku   For       For        Management
      Esim as Director
7     Re-Appoint Auditors and Authorize Board   For       For        Management
      to Fix Their Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

KUALA LUMPUR KEPONG BHD.

Ticker:                      Security ID:  MYL2445OO004
Meeting Date: FEB 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Sept. 30, 2003
2     Approve Payment of a Final Dividend of    For       For        Management
      MYR0.09 Per Share Less 28 Percent
      Malaysian Income Tax and a Special
      Dividend of MYR0.10 Per Share Less 28
      Percent Malaysian Income Tax
3     Elect Lee Hau Hian as Director            For       For        Management
4     Elect Yeoh Chin Hin as Director           For       For        Management
5     Elect Charles Letts as Director           For       For        Management
6     Elect Mahmood Sulaiman as Director        For       For        Management
7     Elect Thong Yaw Hong as Director          For       For        Management
8     Elect R. M. Alias as Director             For       For        Management
9     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR646,000 for the Year Ended
      Sept. 30, 2003
10    Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

KUALA LUMPUR KEPONG BHD.

Ticker:                      Security ID:  MYL2445OO004
Meeting Date: FEB 18, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions as Set Out in Appendix I of
      the Circular to Shareholders Released on
      Jan. 5, 2004
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions as Set Out in Appendix II of
      the Circular to Shareholders Released on
      Jan. 5, 2004
4     Approve Acquisition of a Piece of         For       For        Management
      Freehold Land Together with a Single
      Storey Brick Office Building in
      Hicom-Glenmarie Industrial Park Phase I,
      Shah Alam for a Cash Consideration of
      MYR5.90 Million from Malay-Sino Chemical
      Industries Sdn Bhd
5     Approve Acquisition of a Piece of         For       For        Management
      Freehold Land Together with the Two
      Storey Office Cum Single Storey
      Wharehouse Located in Hicom-Glenmarie
      Industrial Park, Shah Alam for a Cash
      Consideration of MYR4.60 Million from
      Taiko Marketing Sdn Bhd


--------------------------------------------------------------------------------

LAFARGE MALAYAN CEMENT BERHAD (FRMLY MALAYAN CEMENT BHD)

Ticker:                      Security ID:  MYL3794OO004
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Charles Tan Poh Tei as Director     For       For        Management
2     Elect Yeoh Khoon Cheng as Director        For       For        Management
3     Elect Chan Hua Eng as Director            For       For        Management
4     Elect Ikmal Hisham Albakri @ Ikmal Hisham For       For        Management
      Hariri bin Mustapha Albakri as Director
5     Approve Deloitte & Touche as Auditors and For       For        Management
      Authorize Board to Fix Their Remuneration
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
7     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

MAA HOLDINGS BERHAD

Ticker:                      Security ID:  MYL1198OO000
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Remuneration of Directors in      For       For        Management
      Respect of the Year Ending Dec. 31, 2004
      to be Payable Quarterly in Arrears
3     Approve First and Final Tax-Exempt        For       Against    Management
      Dividend of Five Percent for the
      Financial Year Ended Dec. 31, 2003
4     Elect Ya'acob bin Tunku Abdullah as       For       For        Management
      Director
5     Elect Abdullah Ibni Almarhum Tuanku Abdul For       For        Management
      Rahman as Director
6     Elect Ir Abu Zarim bin Haji Omar as       For       For        Management
      Director
7     Elect Lai Chung Wah as Director           For       For        Management
8     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
10    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

MAGNUM CORP. BHD.

Ticker:                      Security ID:  MYL3735OO007
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of 12 Percent Less For       For        Management
      Income Tax for the Financial Year Ended
      Dec. 31, 2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR350,000 for the Financial
      Year Ended Dec. 31, 2003
4a    Elect Lim Eng Ho as Director              For       For        Management
4b    Elect Ling Keak Ming as Director          For       For        Management
5     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
7     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

MALAKOFF BERHAD

Ticker:                      Security ID:  MYL2496OO007
Meeting Date: JUN 24, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition by Malakoff Bhd of 40 For       For        Management
      Percent Interest in Stesen Janaelektrik
      Sultan Salahuddin Abdul Aziz Shah Located
      at Kapar, Selangor Darul Ehsan


--------------------------------------------------------------------------------

MALAKOFF BERHAD

Ticker:                      Security ID:  MYL2496OO007
Meeting Date: FEB 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve First and Final Dividend of MR    For       For        Management
      0.25 Per Share Less 28 Percent Income Tax
3     Elect Abdul Aziz bin Abdul Rahim as       For       For        Management
      Director
4     Elect Mohammed Radzi @ Mohd Radzi bin     For       For        Management
      Manan as Director
5     Approve Remuneration of Directors in the  For       For        Management
      Amount of MR 396,000
6     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

MALAKOFF BERHAD

Ticker:                      Security ID:  MYL2496OO007
Meeting Date: OCT 21, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of the Entire Equity  For       For        Management
      Interest in Prai Power from SKS Ventures
      for MYR82.52 Million Cash, Together with
      the Settlement of Prai Power's
      Shareholders Advances to SKS Ventures
      Worth MYR199.48 Million
2     Approve Acquisition of 90 Percent Equity  For       For        Management
      Interest in SKS Power from Northern Power
      for MYR835 Million Cash Together with the
      Proposed Shareholders' Advances by
      Malakoff Bhd within 10 Business Days
      After the Completion Date to SKS Power


--------------------------------------------------------------------------------

MALAYAN BANKING BERHAD

Ticker:                      Security ID:  MYL1155OO000
Meeting Date: OCT 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2     Approve Final Dividend of MYR0.17 Per     For       For        Management
      Share Less 28 Percent Income Tax for the
      Financial Year Ended June 30, 2003
3     Elect Amirsham A Aziz as Director         For       For        Management
4     Elect Mohammad bin Abdullah as Director   For       For        Management
5     Elect Richard Ho Ung Hun as Director      For       For        Management
6     Elect Muhammad Alias bin Raja Muhd. Ali   For       For        Management
      as Director
7     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR757,000 in Respect of the
      Financial Year Ended June 30, 2003
8     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

MALAYSIA AIRPORTS

Ticker:                      Security ID:  MYL5014OO005
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of MYR0.02 Per     For       For        Management
      Share for the Financial Year Ended Dec.
      31, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
4     Elect Aris bin Othman as Director         For       For        Management
5     Elect Bashir Ahmad bin Abdul Majid as     For       For        Management
      Director
6     Elect Alias bin Haji Ahmad as Director    For       For        Management
7     Elect Siti Maslamah binti Osman as        For       For        Management
      Director
8     Elect Ahmad Kamal bin Abdullah Al-Yafii   For       For        Management
      as Director
9     Elect Eshah binti Meor Suleiman as        For       For        Management
      Director
10    Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
11    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

MALAYSIA INTERNATIONAL SHIPPING CORPORATION BERHAD

Ticker:                      Security ID:  MYF3816O1005
Meeting Date: JUL 7, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 18.6 Million       For       For        Management
      Shares of $1.00 Each in American Eagle
      Tankers Inc. from Neptune Orient Lines
      Ltd. for an Aggregate Consideration of
      $445 Million to be Satisfied in Cash


--------------------------------------------------------------------------------

MALAYSIA INTERNATIONAL SHIPPING CORPORATION BERHAD

Ticker:                      Security ID:  MYF3816O1005
Meeting Date: JUL 7, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of MR 0.15         For       For        Management
3     Elect Mohd Hassan bin Marican as Director For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

MALAYSIA MINING CORP. BHD

Ticker:                      Security ID:  MYL2194OO008
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Jan.
      31, 2004
2     Approve Final Dividend of MYR0.03 Per     For       For        Management
      Share Less Tax at 28 Percent and MYR0.02
      Per Share Tax Exempt for the Financial
      Year Ended Jan. 31, 2004
3a    Elect Wan Abdul Rahman bin Haji Wan       For       For        Management
      Yaacob as Director
3b    Elect Hilmi bin Mohd. Noor as Director    For       For        Management
3c    Elect Abdullah bin Mohd. Yusof as         For       For        Management
      Director
3d    Elect Feizal Ali as Director              For       For        Management
4     Elect Thong Yaw Hong as Director          For       For        Management
5     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR495,000 for the Financial
      Year Ended Jan. 31, 2004
6     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
8     Amend Article 146 of the Articles of      For       For        Management
      Association Re: Article 146A that States
      Any Notice May Also Be Served by the
      Company Via Electronic Mail to a
      Specified Address of Such Member Who Has
      Given Such Address to the Company for the
      Purpose of Communication
9     Change of Company Name to MMC Corporation For       For        Management
      Bhd from Malaysia Mining Corporation Bhd


--------------------------------------------------------------------------------

MALAYSIA MINING CORP. BHD

Ticker:                      Security ID:  MYL2194OO008
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Jan. 31, 2003
2     Approve Final Dividend of MYR0.04 Per     For       For        Management
      Share Comprising MYR0.03 Per Share Less
      28 Percent Tax and MYR0.01 Per Share Tax
      Exempt for the Year Ended Jan. 31, 2003
3a    Elect Syed Abdul Jabbar Shahabudin as     For       For        Management
      Director in Accordance with Article 77 of
      the Company's Articles of Association
3b    Elect Wan Abdul Rahman bin Haji Wan       For       For        Management
      Yaacob as Director in Accordance with
      Article 77 of the Company's Articles of
      Association
3a    Elect Ismail Shahudin as Director in      For       For        Management
      Accordance with Article 84 of the
      Company's Articles of Association
3b    Elect Haji Ahmad Zaidee bin Laidin as     For       For        Management
      Director in Accordance with Article 84 of
      the Company's Articles of Association
3c    Elect Halim bin Haji Din as Director in   For       For        Management
      Accordance with Article 84 of the
      Company's Articles of Association
3a    Elect Mohd. Sidik bin Shaik Osman as      For       For        Management
      Director in Accordance with Article 84 of
      the Company's Articles of Association
4     Elect Thong Yaw Hong as Director          For       For        Management
5     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR552,399 for the Year Ended
      Jan. 31, 2003
6     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

MALAYSIA MINING CORP. BHD

Ticker:                      Security ID:  MYL2194OO008
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal of Up to 91.08 Million   For       For        Management
      Ordinary Shares of MYR0.50 Each in Sime
      Darby Bhd Currently Held by
      Anglo-Oriental (Annuities) Sdn Bhd, a
      Wholly-Owned Subsidiary of Malaysia
      Mining Corp Bhd
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

MALAYSIAN AIRLINE SYSTEMS BERHAD

Ticker:                      Security ID:  MYL3786OO000
Meeting Date: SEP 8, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Mar. 31, 2003
2     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Mar. 31, 2003
3     Elect Seri Azizan Bin Zainul Abidin as    For       For        Management
      Director
4     Elect Samsudin Bin Hitam as Director      For       Against    Management
5     Elect Md. Nor Bin Md. Yusof as Director   For       For        Management
6     Elect Hj. Salleh Bin Hj. Sulaiman as      For       For        Management
      Director
7     Elect Hj. S Abdillah @ Abdullah Bin       For       For        Management
      Hassan @ S Hassan as Director
8     Elect Gumuri Bin Hj. Hussain as Director  For       For        Management
9     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
11    Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

MALAYSIAN OXYGEN BERHAD

Ticker:                      Security ID:  MYL3832OO002
Meeting Date: FEB 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended
      Sept. 30, 2003
2     Elect Siew Nim Chee as Director           For       For        Management
3     Elect Ahmad Tajuddin bin Ali as Director  For       For        Management
4     Elect Samuel Brian Peterson as Director   For       For        Management
5     Elect Michael Stewart Huggon as Director  For       For        Management
6     Elect Chen Theng Aik as Director          For       For        Management
7     Elect Razman Hafidz bin Abu Zarim as      For       For        Management
      Director
8     Elect Ibrahim bin Raja Shahriman as       For       For        Management
      Director
9     Elect Anuar bin Mohd Hassan as Director   For       For        Management
10    Elect Lee Chun Wah as Director            For       For        Management
11    Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR366,031 for the Financial
      Year Ended Sept. 30, 2003
12    Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
13    Amend Articles Re: Deletion of Article    For       For        Management
      65A, Amendment of Article 66 and the
      Addition of Articles 94A and 116A
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

MALAYSIAN OXYGEN BERHAD

Ticker:                      Security ID:  MYL3832OO002
Meeting Date: SEP 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Amendments to Clause 3   For       For        Management
      of the Memorandum of Association of the
      Company


--------------------------------------------------------------------------------

MALAYSIAN PACIFIC INDUSTRIES BERHAD

Ticker:                      Security ID:  MYL3867OO008
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR170,000
3     Elect Kwek Leng San as Director           For       For        Management
4     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

MALAYSIAN PACIFIC INDUSTRIES BERHAD

Ticker:                      Security ID:  MYL3867OO008
Meeting Date: OCT 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hong Leong Company
      (Malaysia) Bhd (HLCM) and Persons
      Connected with HLCM
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zaki Bin Tun Azmi and
      Persons Connected with Him
4     Approve Disposal of Up to 4.66 Million    For       For        Management
      Ordinary Shares of MYR1.00 Each of 0.45
      Percent of the Issued and Paid-Up Share
      Capital of Hong Leong Credit Bhd Through
      the Open  Market or Placement through
      Stockbrokers


--------------------------------------------------------------------------------

MALAYSIAN RESOURCES CORPORATION BERHAD

Ticker:                      Security ID:  MYL1651OO008
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Zahari Omar as Director             For       For        Management
3     Elect Shahril Ridza Ridzuan as Director   For       For        Management
4     Elect Roslan A. Ghaffar as Director       For       For        Management
5     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR195,000 for the Period Ended
      Dec. 31, 2003
6     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Set Out as Item 1 of Section
      2.1.2 of the Circular set out as item 2
      of Section 2.1.2 of the Circular
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Set Out as Item 2 of Section
      2.1.2 of the Circular
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Set Out as Items 3, 4 and 5
      of Section 2.1.2 of the Circular


--------------------------------------------------------------------------------

MAXIS COMMUNICATIONS BHD

Ticker:                      Security ID:  MYL5051OO007
Meeting Date: JUN 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with MEASAT Broadcast
      Network Systems Sdn Bhd and Multimedia
      Interactive Technologies Sdn Bhd '
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with SRG Asia Pacific Sdn
      Bhd and UT Projects Sdn Bhd
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Binariang Satellite
      Systems Sdn Bhd
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Tanjong Golden Village
      Sdn Bhd and Tanjong City Centre Property
      Management Sdn Bhd
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Arena Johnson Sdn Bhd
      and Asas Klasik Sdn Bhd
6     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Companies Specified in
      Sections 2.4 (I) and 2.4 (II) of Part A
      of the Company's Circular to Shareholders
      Dated  May 21, 2004
7     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with HeiTech Padu Bhd
8     Amend Existing Bye-Laws Governing the     For       Against    Management
      Employee Share Option Scheme
9     Approve Grant of Options to Jamaludin Bin For       Against    Management
      Ibrahim, Chief Executive Officer and an
      Executive Director of Maxis
      Communications Bhd Pursuant to the
      Employee Share Option Scheme and Contract
      of Service


--------------------------------------------------------------------------------

MAXIS COMMUNICATIONS BHD

Ticker:                      Security ID:  MYL5051OO007
Meeting Date: SEP 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Grant of an Option to MEASAT      For       For        Management
      Broadcast Network Systems to Subscribe
      for Ordinary Shares of MYR1.00 Each in
      Advanced Wireless Technologies, a
      Wholly-Owned Subsidiary of Maxis
      Communication Bhd
2     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with MEASAT Broadcast Network Systems Sdn
      Bhd and Multimedia Interactive
      Technologies Sdn Bhd
3     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with SRG Asia Pacific Sdn Bhd and UT
      Projects Sdn Bhd
4     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with Binariang Satellite Systems Sdn Bhd
5     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with Tanjong Golden Village Sdn Bhd and
      Tanjong City Centre Property Management
      Sdn Bhd
6     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with Arena Johan Sdn Bhd
7     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with Oakwood, Arab Malaysian Property
      Trust Management, MBf Property Holdings,
      AmFinance, Resorts World, Genting
      Highlands,Genting Golf Course & Genting
      Property Management
8     Implementation of Shareholders' Mandate   For       For        Management
      for Recurrent Related Party Transactions
      with HelTech Padu Bhd


--------------------------------------------------------------------------------

MAXIS COMMUNICATIONS BHD

Ticker:                      Security ID:  MYL5051OO007
Meeting Date: JUN 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Final Gross Dividend of MYR0.14   For       For        Management
      Per Share Less Malaysian Tax at 28
      Percent for the Financial Year Ended Dec.
      31, 2003
2     Elect Tan Poh Ching as Director           For       For        Management
3     Elect Megat Zaharuddin bin Megat Mohd Nor For       For        Management
      as Director
4     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
6     Amend Article 170 of the Articles of      For       For        Management
      Association Re: Payment of Dividends or
      Any Other Sum Payable by the Company in
      Respect of Shares by Bank or Other Funds
      Transfer Systems or Other Means to or
      Through Such Person as the Shareholder
      May Direct


--------------------------------------------------------------------------------

MULPHA INTERNATIONAL BHD.

Ticker:                      Security ID:  MYL3905OO006
Meeting Date: JUN 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Lee Seng Huang as Director          For       For        Management
3     Elect Chung Tze Hien as Director          For       For        Management
4     Elect Ooi Giap Ch'ng as Director          For       For        Management
5     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
6     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

MULTI-PURPOSE HOLDINGS BERHAD

Ticker:                      Security ID:  MYL3859OO005
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR144,000 for the Year Ended
      Dec. 31, 2003
3a    Elect Lim Tiong Ching as Director         For       For        Management
3b    Elect Ng Kok Cheang as Director           For       For        Management
4     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

MULTI-PURPOSE HOLDINGS BERHAD

Ticker:                      Security ID:  MYL3859OO005
Meeting Date: OCT 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Bonds with Provisional   For       For        Management
      Rights of Warrants
2     Approve Proposed Issue of Warrants        For       For        Management
      fromthe Provisional Rights of Warrants
3     Approve Proposed Placement of Provisional For       For        Management
      Rights with Warrants Equal to the Balance
      of 200 Million Provisional Rights of
      Warrants
4     Approve Proposed Offer for Sale of        For       For        Management
      Provisional Rights of Warrants to the
      Existing Shareholders of the Company on a
      Renounceable Basis


--------------------------------------------------------------------------------

NESTLE (MALAYSIA) BERHAD

Ticker:                      Security ID:  MYL4707OO005
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of MYR0.5001 Net   For       For        Management
      Per Share, Comprised of a Non-Tax-Exempt
      Dividend of MYR0.3895 Per Share and a
      Tax-Exempt Dividend of MYR0.2196 Per
      Share for the Financial Year Ended Dec.
      31, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
4     Elect Seri Syed Anwar Jamalullail as      For       Against    Management
      Director
5     Elect Mahaleel bin Tengku Ariff as        For       For        Management
      Director
6     Elect Sullivan Joseph O Carroll as        For       For        Management
      Director
7     Elect Stephane Nicolas Alby as Director   For       For        Management
8     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
9     Elect Mohd Ghazali Seth as Director       For       For        Management
10    Elect Ernest Zulliger as Director         For       For        Management
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions As Set Out Under Section 2.3
      (i) of the Circular to Shareholders Dated
      April 7, 2004
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions As Set Out Under Section 2.3
      (ii), (iii) and (iv) of the Circular to
      Shareholders Dated April 7, 2004


--------------------------------------------------------------------------------

NEW STRAITS TIMES PRESS (MALAYSIA) BHD.

Ticker:                      Security ID:  MYL3999OO009
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Abdul Rahman bin Ahmad as Director  For       For        Management
3     Elect Shahril Ridza bin Ridzuan as        For       For        Management
      Director
4     Elect Syed Faisal Albar bin Syed A. R     For       For        Management
      Albar as Director
5     Elect Kalimullah bin Masheerul Hassan as  For       For        Management
      Director
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR264,000 for the Financial
      Year Ended Dec. 31, 2003
7     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions
10    Elect Mohd Ghazali bin Haji Che Mat as    For       For        Management
      Director


--------------------------------------------------------------------------------

NEW STRAITS TIMES PRESS (MALAYSIA) BHD.

Ticker:                      Security ID:  MYL3999OO009
Meeting Date: JAN 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Establishment of a New   For       Against    Management
      Employee Share Option Scheme
2     Approve Proposed Allocation of Options to For       Against    Management
      Encik  Syed Faisal Albar Bin Syet A.R
      Albar


--------------------------------------------------------------------------------

ORIENTAL HOLDINGS BERHAD

Ticker:                      Security ID:  MYL4006OO002
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of Eight Percent   For       For        Management
      Less Tax and Special Dividend of Two
      Percent Less Tax for the Financial Year
      Ended Dec. 31, 2003
3     Elect Loh Say Bee as Director             For       For        Management
4     Elect Ahmad Rithauddeen Bin Tengku Ismail For       For        Management
      as Director
5     Elect Lim Su Tong @ Lim Chee Tong as      For       For        Management
      Director
6     Elect Tan Chong Siang as Director         For       For        Management
7     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR40,000 Each for the
      Financial Year Ended Dec. 31, 2003
8     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Boon Siew Sdn Bhd Group
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Honda Motor Co., Ltd.
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Syed Mohamad Bin Syed
      Murtaza
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Yusuf Bin Jamil, Datin
      Nik Yasmin Dianara Bt Nik M F Kamil and
      Ab. Rahim Bin Hussain
13    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with i-Logistics Corporation
      and Itochu Corporation
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Daiei & Co. Ltd and
      Itochu Corporation
15    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Ikegami Mold
      Engineering Co. Ltd
16    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Nichinan Corporation
17    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hyumal Motor Sdn Bhd
      and Loh Kian Chong
18    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

OSK HOLDINGS BERHAD

Ticker:                      Security ID:  MYL5053OO003
Meeting Date: APR 8, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividends of MYR0.05 Per    For       For        Management
      Share Less 28 Percent Malaysian Income
      Tax for the Financial Year Ended Dec. 31,
      2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR84,000
4     Elect Nik Mohamed Din Bin Datuk Nik       For       For        Management
      Yusoff  as Director
5     Elect Mohamed Tarmizi Bin Mohd Tahir as   For       For        Management
      Director
6     Approve HLB I.M. Chieng & Co. as Auditors For       For        Management
      and Authorize Board to Fix Their
      Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions
9     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

OSK HOLDINGS BERHAD

Ticker:                      Security ID:  MYL5053OO003
Meeting Date: JUN 18, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposal of OSK Ventures          For       Against    Management
      International Bhd (OSKVI), a Wholly-Owned
      Subsidiary of OSK Holdings Bhd for the
      Proposed Listing on the MESDAQ Market of
      Bursa Malaysia Securities Bhd
2     Approve Issuance of Up to Three Million   For       Against    Management
      OSKVI Shares to Nik Mohamed Din Bin Datuk
      Nik Yusoff Pursuant to the Proposed
      Public Issue
3     Approve Issuance of Up to Three Million   For       Against    Management
      OSKVI Shares to Ong Leong Huat @ Wong Joo
      Hwa Pursuant to the Proposed Public Issue
4     Approve Issuance of Up to Three Million   For       Against    Management
      OSKVI Shares to Nik Mohamed Bin Nik Yahya
      Pursuant to the Proposed Public Issue
5     Approve Issuance of Up to Three Million   For       Against    Management
      OSKVI Shares to Wong Chong Kim Pursuant
      to the Proposed Public Issue
6     Approve Issuance of Up to One Million     For       Against    Management
      OSKVI Shares to Wong Chong Che Pursuant
      to the Proposed Public Issue
7     Approve Issuance of Up to One Million     For       Against    Management
      OSKVI Shares to Mohamed Tarmizi Bin Mohd
      Tahir Pursuant to the Proposed Public
      Issue
8     Approve Issuance of Up to One Million     For       Against    Management
      OSKVI Shares to Choong Tuck Yew Pursuant
      to the Proposed Public Issue
9     Approve Issuance of Up to One Million     For       Against    Management
      OSKVI Shares to Sivalingam A/L Munusamy
      Pursuant to the Proposed Public Issue


--------------------------------------------------------------------------------

OYL INDUSTRIES BHD.

Ticker:                      Security ID:  MYL4014OO006
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Dividends of MYR0.49 Tax Exempt   For       For        Management
      Per Share for the Year Ended June 30,
      2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR249,151
4a    Elect Liu Wan Min as Director             For       For        Management
4b    Elect Kwek Leng San as Director           For       For        Management
4c    Elect Stephen Thomas Kapsalis as Director For       For        Management
4d    Elect Razman Md Hashim bin Che Din Md     For       For        Management
      Hashim as Director
5     Elect Raja Zainal Abidin bin Raja Haji    For       For        Management
      Tachik as Director
6     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

OYL INDUSTRIES BHD.

Ticker:                      Security ID:  MYL4014OO006
Meeting Date: OCT 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hong Leong Company
      (Malaysia) Bhd (HLCM) and Persons
      Connected with HLCM
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Raja Zainal Abidin Bin
      Raja Haji Tachik and Persons Connected
      with Him
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Liu Wan Min and Persons
      Connected with Him
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Foo Ah Sek @ Foo Chak
      Kuen and Persons Connected with Him
6     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Seri Haji Omar Yoke Lin
      Long and Persons Connected with Him
7     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Kwek Leng Beng and
      Persons Connected with Him
8     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Zaki Bin Tun Azmi and
      Persons Connected with Him
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Trasactions with Toyota Tsusho
      Corporation (Toyota) and Persons
      Connected with Toyota
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with York International
      Corporation and Persons Connected with
      York


--------------------------------------------------------------------------------

PETRONAS DAGANGAN BHD

Ticker:                      Security ID:  MYL5681OO001
Meeting Date: JUL 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Mohd Hassan bin Marican as        For       For        Management
      Director
4     Reelect Dr. R Thillainathan as Director   For       For        Management
5     Reelect Ainon Marziah bt Wahi as Director For       For        Management
6     Reelect Ibrahim bin Marsidi as Director   For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Reappoint KPMG Desa Megat & Co. as        For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

PETRONAS GAS BHD

Ticker:                      Security ID:  MYL6033OO004
Meeting Date: JUL 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Mar. 31, 2003
2     Approve Final Dividend of Ten Percent-Tax For       For        Management
      Exempt Per Ordinary Share for the
      Financial Year Ended Mar. 31, 2003
3     Approve Payment of Special Dividend of    For       For        Management
      Ten Percent-Tax Exempt Per Ordinary Share
      in Respect of the Year Ended Mar. 31,
      2003
4     Elect Mohd Hassan bin Marican as Director For       For        Management
5     Elect Muri bin Muhammad as Director       For       For        Management
6     Elect Chew Kong Seng as Director          For       For        Management
7     Elect Abdul Rahim bin Hashim as Director  For       For        Management
8     Elect Wan Zulkiflee bin Wan Ariffin as    For       For        Management
      Director
9     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Mar. 31, 2003
10    Approve KPMG Desa Megat & Co. as Auditors For       For        Management
      and Authorize Board to Fix Their
      Remuneration
11    Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

PLUS EXPRESSWAYS BHD

Ticker:                      Security ID:  MYL5052OO005
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Tax Exempt Dividend of      For       For        Management
      MYR0.035 Per Share for the Financial Year
      Ended Dec. 31, 2003
3     Elect Mohamed Azman Yahya as Director     For       For        Management
4     Elect Idrose Mohamed as Director          For       For        Management
5     Elect Hassan Ja'afar as Director          For       For        Management
6     Elect DiRaja Ungku Abdul Aziz Ungku Abdul For       For        Management
      Hamid as Director
7     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
8     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions as Set Out in Section 2.2 of
      the Circular to Shareholders of the
      Company Dated May 6, 2004
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Additional Recurrent Related
      Party Transactions as Set Out in Section
      2.3 of the Circular to Shareholders of
      the Company Dated May 6, 2004
12    Amend Article 138 of the Articles of      For       For        Management
      Association Re: Payment by Cheque or
      Electronic Transfer to the Account
      Provided by the Holder or to Such Person
      and to Such Address and to Such Account
      as the Holder May in Writing Direct


--------------------------------------------------------------------------------

PPB GROUP BHD (FRMRLY PERLIS PLANTATIONS BERHAD)

Ticker:                      Security ID:  MYL4065OO008
Meeting Date: MAY 14, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Privatization of FFM Bhd      For       For        Management
      (FFM) wherein PPB will Buy the Remaining
      Ordinary Shares of MYR1.00 Each in FFM By
      Issuing New PPB Shares at MYR5.97 Per
      Share on the Basis of One New PPB Share
      Plus MYR2.00 Cash for Every One FFM Share
2     Approve the Proposed Increase in the      For       For        Management
      Authorized Share Capital of the Company
      to MYR1 Billion Divided Into One Billion
      Ordinary Shares of MYR1.00 Each


--------------------------------------------------------------------------------

PPB GROUP BHD (FRMRLY PERLIS PLANTATIONS BERHAD)

Ticker:                      Security ID:  MYL4065OO008
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of MYR0.16 Per     For       For        Management
      Share Comprising MYR0.05 Tax Exempt and
      MYR0.11 Less 28 Percent Income Tax for
      the Financial Year Ended Dec. 31, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Year Ended Dec. 31, 2003
4     Elect Abdul Aziz bin Raja Salim as        For       For        Management
      Director
5     Elect Lim Chee Wah as Director            For       For        Management
6     Elect Ang Guan Seng as Director           For       For        Management
7     Approve Moores Rowland as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Kuok Brothers Sdn Bhd
      (KBSB) and Persons Connected to KBSB.
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Kerry Group
      Limited/Kerry Holdings Limited (KGL/KHL)
      and Persons Connected to KGL/KHL.
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Oh Siew Nam (DOSN) and
      Persons Connected to DOSN.
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Ang Guan Seng (AGS) and
      Persons Connected to AGS.
13    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Abd Jabid bin Mohd Don
      (DAJ) and Persons Connected to DAJ.
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Raymond Chow Ting Hsing
      (RC) and Persons Connected to RC.


--------------------------------------------------------------------------------

PROTON (PERUSAHAAN OTOMOBIL NASIONAL BERHAD)

Ticker:                      Security ID:  MYL5304OO000
Meeting Date: JAN 28, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization of the Proton      For       For        Management
      Group


--------------------------------------------------------------------------------

PROTON (PERUSAHAAN OTOMOBIL NASIONAL BERHAD)

Ticker:                      Security ID:  MYL5304OO000
Meeting Date: SEP 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports For the Year Ended Mar. 31, 2003
2     Approve Final Tax Exempt Dividend of      For       For        Management
      MYR0.12 Per Ordinary Share For the Year
      Ended Mar. 31, 2003
3     Elect Kisai Bin Rahmat as Director        For       For        Management
4     Elect Haji Abdul Majid bin Haji Hussein   For       For        Management
      as Director
5     Elect Hisayoshi Kumai as Director         For       For        Management
6     Elect A. Razak bin Ramli as Director      For       Against    Management
7     Elect Masaharu Iwata as Director          For       For        Management
8     Approve Remuneration of Directors For the For       For        Management
      Year Ended Mar. 31, 2003
9     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

PROTON (PERUSAHAAN OTOMOBIL NASIONAL BERHAD)

Ticker:                      Security ID:  MYL5304OO000
Meeting Date: JAN 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Exchange of Shares       For       For        Management
      Pursuant to a Scheme of Arrangement
      Between Proton and Its Shareholders
      Whereby All Proton Shareholders will
      Exchange All Their Ordinary Proton Shares
      of MYR1.00 Each for Proton Holdings Bhd
      Shares
2     Approve Proposed Transfer of the Listing  For       For        Management
      Status of Proton Holdings Bhd and the
      Simultaneous De-Listing Proton from the
      Main Board of the Malaysia Securities
      Exchange Bhd
3     Approve Reorganization of the Proton      For       For        Management
      Group


--------------------------------------------------------------------------------

PUBLIC BANK BERHAD

Ticker:                      Security ID:  MYF1295O1009
Meeting Date: APR 20, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Consolidation and Division of For       For        Management
      the Entire Share Capital of Public Bank
      Bhd into Ordinary Shares of Par Value of
      MYR1.00 Each from the Existing Ordinary
      Shares of Par Value MYR0.50 Each
2     Approve Proposed Extension of the Public  For       Against    Management
      Bank Bhd Employees Share Option Scheme
3     Approve Proposed Amendments to the        For       Against    Management
      Bye-Laws of the Public Bank Bhd ESOS
4     Approve Grant of Options to Teh Hong      For       Against    Management
      Piow, Director
5     Approve Grant of Options to Thong Yaw     For       Against    Management
      Hong
6     Approve Grant of Options to Yeoh Chin Kee For       Against    Management
7     Approve Grant of Options to Tengku Abdul  For       Against    Management
      Rahman Ibni Sultan Haji Ahmad Shah
      Al-Mustain Billah
8     Approve Grant of Options to Haji Abdul    For       Against    Management
      Aziz Bin Omar
9     Approve Grant of Options to Haji Mohamed  For       Against    Management
      Ishak Bin Haji Mohamed Ariff
10    Approve Grant of Options to Lee Chin Guan For       Against    Management
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions as Stated in Section 1.1.1
      Part C of the Circular to Shareholders
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
1     Approve Proposed Amendments to the        For       Against    Management
      Memorandum of Association of Public Bank
      Bhd as Set Out in Section 1.2(a), Part A
      of the Circular to Shareholders Dated
      Mar. 29, 2004
2     Amend Article 2 of the Articles of        For       For        Management
      Association of Public Bank Bhd
3     Amend Article 3 of the Articles of        For       For        Management
      Association of Public Bank Bhd
4     Amend Article 8 of the Articles of        For       Against    Management
      Association of Public Bank Bhd


--------------------------------------------------------------------------------

PUBLIC BANK BERHAD

Ticker:                      Security ID:  MYF1295O1009
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of 22 Percent Less For       For        Management
      28 Percent Income Tax for the Financial
      Year Ended Dec. 31, 2003
3     Elect Tay Ah Lek as Director              For       For        Management
4     Elect Haji Mohamed Ishak bin Haji Mohamed For       For        Management
      Ariff as Director
5     Elect Teh Hong Piow as Director           For       Against    Management
6     Elect Thong Yaw Hong as Director          For       For        Management
7     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR580,000 for the Financial
      Year Ended Dec. 31, 2003
8     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

PUNCAK NIAGA HOLDINGS

Ticker:                      Security ID:  MYL6807OO001
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Ir Lee Miang Koi as Director        For       For        Management
3     Elect Abdul Majid Abdul Karim as Director For       For        Management
4     Elect Ting Chew Peh as Director           For       For        Management
5     Elect Syed Danial Syed Ariffin as         For       For        Management
      Director
6     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

RESORTS WORLD BERHAD

Ticker:                      Security ID:  MYL4715OO008
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividends for the Financial For       Against    Management
      Year Ended Dec. 31, 2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR548,082 for the Financial
      Year Ended Dec. 31, 2003
4     Elect Tan Sri Wan Sidek bin Hj Wan Abdul  For       For        Management
      Rahman as Director
5     Elect Tan Sri Dr Lin See Yan as Director  For       For        Management
6     Elect Justin Tan Wah Joo as Director      For       For        Management
7     Elect Siew Nim Chee as Director           For       For        Management
8     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

RHB CAPITAL BERHARD

Ticker:                      Security ID:  MYL1066OO009
Meeting Date: DEC 8, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2     Elect Lim Kong Wai as Director            For       For        Management
3     Elect Sulaiman Abdul Rahman Taib as       For       For        Management
      Director
4     Elect Azlan Zainol as Director            For       For        Management
5     Elect Vaseehar Hassan bin Abdul Razack as For       For        Management
      Director
6     Elect Taha Ariffin as Director            For       For        Management
7     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR195,485 for the Year Ended
      June 30, 2003
8     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

ROAD BUILDER HOLDINGS BERHAD

Ticker:                      Security ID:  MYL5541OO007
Meeting Date: FEB 20, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale by Road Builder (M) Holdings For       For        Management
      Bhd of Its Entire 70 Percent Stake in RB
      Land Sdn Bhd Comprising 50.01 Million
      Ordinary Shares of MYR1.00 Each and
      193,487 Redeemable Preference Shares of
      MYR1.00 Each to Econstates Berhad


--------------------------------------------------------------------------------

ROAD BUILDER HOLDINGS BERHAD

Ticker:                      Security ID:  MYL5541OO007
Meeting Date: DEC 5, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2     Approve a Final Dividend of Three Percent For       For        Management
      Less 28 Percent Income Tax for the
      Financial Year Ended June 30, 2003
3     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended June 30, 2003
4     Elect Uzir Bin Tengku Ubaidillah as       For       For        Management
      Director
5     Elect Lee Teck Yuen as Director           For       For        Management
6     Elect Loh Siew Choh as Director           For       For        Management
7     Elect Ahmad Rithauddeen Bin Tengku Ismail For       For        Management
      as Director
8     Elect Chen Wing Sum as Director           For       For        Management
9     Approve GEP Associates as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Involving Road Builder (M)
      Sdn Bhd and Seremban Two Landscape Sdn
      Bhd with Shah Alam 2 Sdn Bhd
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Involving RB Trading Sdn Bhd
      with Ipmuda Berhad and Saga Makmur
      Industri Sdn Bhd
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Involving RB Trading Sdn Bhd
      with Link-Up Services Sdn Bhd
13    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions Involving Seremban Two
      Landscape Sdn Bhd with Moi Yee Nursery
      and Landscape and Garden Four Season Sdn
      Bhd
14    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

S.P. SETIA BHD (FORMERL SYARIKAT PEMBINAAN SETIA BERHAD)

Ticker:                      Security ID:  MYL8664OO004
Meeting Date: APR 21, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal by Bandar Setia Alam Sdn For       Against    Management
      Bhd, a Subsidiary of S P Setia Bhd, of
      Approximately 791.121 Acres of Land in
      the Mukim of Bukit Raja, Petaling
      District, Selangor State to Bandar
      Eco-Setia Sdn Bhd, a Subsidiary of S P
      Setia Bhd
2     Approve Shared Infrastructure Agreement   For       Against    Management
      Between Bandar Setia Alam Sdn Bhd and
      Bandar Eco-Setia Sdn Bhd
3     Approve Subscription Agreement Between    For       Against    Management
      Bandar Eco-Setia Sdn Bhd, the Company,
      the Employees Provident Fund Board and
      Great Eastern Life Assurance (Malaysia)
      Bhd
4     Approve Shareholders Agreement Between    For       Against    Management
      the Company, the Employees Provident Fun
      and Great Eastern Life Assurance
      (Malaysia) Bhd
5     Approve Project Management Agreement      For       Against    Management
      Between S P Setia Eco-Projects Management
      Sdn Bhd Bandar Eco-Setia Sdn Bhd


--------------------------------------------------------------------------------

S.P. SETIA BHD (FORMERL SYARIKAT PEMBINAAN SETIA BERHAD)

Ticker:                      Security ID:  MYL8664OO004
Meeting Date: FEB 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Oct. 31, 2003
2     Approve Final Dividend of Five Percent    For       For        Management
      Less Tax at 28 Percent and Two Percent
      Tax Exempt in Respect of the Financial
      Year Ended Oct. 31, 2003
3     Elect Abdul Rashid bin Abdul Manaf as     For       For        Management
      Director
4     Elect Voon Tin Yow as Director            For       For        Management
5     Elect Leong Kok Wah as Director           For       For        Management
6     Elect Mohd Radzi bin Sheikh Ahmad as      For       For        Management
      Director
7     Approve Moores Rowland as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

SIME DARBY BERHAD

Ticker:                      Security ID:  MYL4197OO009
Meeting Date: NOV 4, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve Final Dividends for the Year      For       For        Management
      Ended June 30, 2003
3     Elect Seri Ahmad bin Tunku Yahaya as      For       For        Management
      Director
4     Elect Michael Wong Pakshong as Director   For       For        Management
5     Elect Muhammad Alias bin Raja Muhammad    For       For        Management
      Ali as Director
6     Elect Khatijah binti Ahmad as Director    For       For        Management
7     Elect Nik Mohamed bin Nik Yaacob as       For       For        Management
      Director
8     Elect David Li Kwok Po as Director        For       For        Management
9     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
11    Authorize Repurchase of Issued Share      For       For        Management
      Capital
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions
13    Amend Stock Option Plan                   For       Against    Management


--------------------------------------------------------------------------------

STAR PUBLICATIONS

Ticker:                      Security ID:  MYL6084OO007
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Leong Tang Chong as Director        For       For        Management
3     Elect Wira Syed Abdul Jabbar bin Syed     For       For        Management
      Hassan as Director
4     Elect Sak Cheng Lum as Director           For       For        Management
5     Elect Yong Ming Sang as Director          For       For        Management
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR500,000 for the Financial
      Year Ended Dec. 31, 2003
7     Approve BDO Binder as Auditors and        For       For        Management
      Authorize Board to Fix Their Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

TA ENTERPRISE BHD.

Ticker:                      Security ID:  MYL4898OO002
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Jan.
      31, 2003
2     Approve Final Dividend of One Percent     For       For        Management
      Less Taxation Per Share for the Financial
      Year Ended Jan. 31, 2003
3a    Elect Tan Kuay Fong as Director           For       For        Management
3b    Elect Mohamed Bin Abid as Director        For       For        Management
3c    Elect Jory Leong Kam Weng as Director     For       For        Management
4     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR28,000 for the Financial
      Year Ended Jan. 31, 2003
5     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

TA ENTERPRISE BHD.

Ticker:                      Security ID:  MYL4898OO002
Meeting Date: JAN 9, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Termination of the       For       For        Management
      Company's Existing Employees' Share
      Option Scheme
2     Approve Proposed Establishment of a New   For       Against    Management
      Employees' Share Option Scheme
3     Approve Grant of Options to Datin Tan     For       Against    Management
      Kuay Fong, Executive Chairman of the
      Company
4     Approve Grant of Options to Zainab Bte    For       Against    Management
      Ahmad, Executive Director of the Company
5     Approve Grant of Options to Mohamed Bin   For       Against    Management
      Abid, Executive Director of the Company


--------------------------------------------------------------------------------

TA ENTERPRISE BHD.

Ticker:                      Security ID:  MYL4898OO002
Meeting Date: JAN 9, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposed Extension of Duration    For       For        Management
      and Exercise Period for the Outstanding
      TA Enterprise Bhd Warrants 1999/2004


--------------------------------------------------------------------------------

TAN CHONG MOTOR HOLDINGS BERHAD

Ticker:                      Security ID:  MYL4405OO006
Meeting Date: MAY 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to 10 Percent  For       For        Management
      or 65.2 Million of the Group's Issued
      Share Capital
2     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Nissan Motor Co. Ltd.
      Group
3     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Warisant TC Holdings
      Berhad Group
4     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with APM  Automotive
      Holdings Berhad Group
5     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Tan Chong International
      Limited Group
6     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Auto Dunia Sdn Bhd
7     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Renault S.A.S. Group
8     Approve Acquisition by Tan Chong & Sons   For       For        Management
      Motor Company Sdn Bhd of All That Parcel
      of Leasehold Land Expiring on Dec. 31,
      2796 for a Cash Consideration of MYR2.69
      Million


--------------------------------------------------------------------------------

TAN CHONG MOTOR HOLDINGS BERHAD

Ticker:                      Security ID:  MYL4405OO006
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of 10 Percent Less For       For        Management
      Income Tax for the Financial Year Ended
      Dec. 31, 2003
3     Elect Tan Eng Soon as Director            For       For        Management
4     Elect Ahmad bin Abdullah as Director      For       For        Management
5     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

TANJONG PLC

Ticker:                      Security ID:  MYJ2267OO006
Meeting Date: JUN 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Jan.
      31, 2004
2     Approve Directors' Remuneration Report    For       For        Management
      for the Financial Year Ended Jan. 31,
      2004
3     Approve Final Gross Dividend of MYR0.25   For       For        Management
      Per Share of GBP0.075 Each Less Malaysian
      Income Tax at 28 Percent for the
      Financial Year Ended Jan. 31, 2004
4     Elect Augustus Ralph Marshall as Director For       For        Management
5     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Any Other business of Which Due Notice    For       Against    Management
      Shall Have Been Given in Accordance with
      the United Kingdom Companies Act, 1985


--------------------------------------------------------------------------------

TELEKOM MALAYSIA BERHAD

Ticker:                      Security ID:  MYL4863OO006
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final and Special Dividend of     For       For        Management
      MYR0.10 Per Share Less 28 Percent
      Malaysian Income Tax for the Financial
      Year Ended Dec. 31, 2003
3     Elect Ir. Muhammad Radzi bin Haji Mansor  For       For        Management
      as Director
4     Elect Ir. Prabahar N.K. Singam as         For       For        Management
      Director
5     Elect Lim Kheng Guan as Director          For       For        Management
6     Elect Rosli bin Man as Director           For       For        Management
7     Elect Tan Poh Keat as Director            For       For        Management
8     Elect Halim bin Shafie as Director        For       Against    Management
9     Elect Abdul Majid bin Haji Hussein as     For       For        Management
      Director
10    Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
11    Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
12    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

TENAGA NASIONAL

Ticker:                      Security ID:  MYL5347OO009
Meeting Date: DEC 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Aug. 31, 2003
2     Approve Final Dividend of MYR0.08 Gross   For       For        Management
      Per Ordinary Share Less Income Tax 28
      Percent for the Financial Year Ended Aug.
      31, 2003
3     Approve Remuneration of Directors         For       For        Management
4     Elect Lau Yin Pin @ Lau Yen Beng as       For       For        Management
      Director
5     Elect Zainun Aishah binti Ahmad as        For       For        Management
      Director
6     Elect Halim bin Shafie as Director        For       For        Management
7     Elect Ng Lip Yong @ Ng Lip Sat as         For       For        Management
      Director
8     Elect Zainal Abidin bin Putih as Director For       For        Management
9     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
11    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with YTL Power International
      Bhd
12    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with B & Z Plastic
      Industries Sdn Bhd
13    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Hyrax Oil Sdn Bhd
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Opcom Cable Sdn Bhd
15    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions with Federal Power Sdn Bhd
16    Increase Authorized Share Capital to Five For       For        Management
      Billion Ordinary Shares of MYR1.00 Each,
      1 Special Share of MYR1.00, One Thousand
      Class A Redeemable Preference Shares of
      MYR1.00 Each and 500 Class B Redeemable
      Preference Shares of MYR1.00 Each
17    Amend Articles Re: Article 4 of the       For       For        Management
      Articles of Association and Clause 6 of
      the Memorandum of Association


--------------------------------------------------------------------------------

TIME ENGINEERING BHD

Ticker:                      Security ID:  MYL4456OO009
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Elect Haji Mohd Khalil Dato Haji Mohd as  For       For        Management
      Director
3     Elect Haji Abdullah Yusof as Director     For       For        Management
4     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
5     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
6     Other Business                            For       Against    Management
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

TIME ENGINEERING BHD

Ticker:                      Security ID:  MYL4456OO009
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal of Four Million Shares   For       For        Management
      of MYR1.00 Each and MYR11.60 Million
      Nominal Value Convertible Unsecured Loan
      Stocks in Powertron Resources Sdn Bhd and
      2.94 Million Shares of MYR1.00 Each in
      Penjanan Epetime Sdn Bhd to Ranhill Sdn
      Bhd


--------------------------------------------------------------------------------

TRANSMILE GROUP

Ticker:                      Security ID:  MYL7000OO002
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of Three Percent   For       Against    Management
      Less 28 Percent Income Tax Per Share for
      the Financial Year Ended Dec. 31, 2003
3     Elect Lee Chin Guan as Director           For       For        Management
4     Elect Khiudin bin Mohd as Director        For       For        Management
5     Elect Ling Liong Sik as Director          For       For        Management
6     Elect Kuok Khoon Ho as Director           For       For        Management
7     Elect Terence Khoo Boo Kheng as Director  For       For        Management
8     Approve Remuneration of Directors for the For       For        Management
      Financial Year Ended Dec. 31, 2003
9     Approve Deloitte & Touche as Auditors and For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
11    Approve Issuance of Shares Pursuant to    For       For        Management
      Employees' Share Option Scheme


--------------------------------------------------------------------------------

TRANSMILE GROUP

Ticker:                      Security ID:  MYL7000OO002
Meeting Date: JUN 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Article 5(v)(b) Re: Shareholder     For       For        Management
      Approval Should be Sought for the Issue
      of Shares or Options to Employees and/or
      Directors of the Company and for the
      Participation of Directors in Such Issue
      of Shares
1     Amend Bye-Laws of Employees' Share Option For       Against    Management
      Scheme
2     Approve Issuance of Options to Ling Liong For       Against    Management
      Sik Pursuant to the Transmile Group Bhd
      ESOS
3     Approve Issuance of Options to Kuok Khoon For       Against    Management
      Ho Pursuant to the Transmile Group Bhd
      ESOS
4     Approve Issuance of Options to Terence    For       Against    Management
      Khoo Boo Kheng Pursuant to the Transmile
      Group Bhd ESOS
5     Approve Issuance of Options to Chin Keem  For       Against    Management
      Feung Pursuant to the Transmile Group Bhd
      ESOS
6     Approve Issuance of Options to Shukri Bin For       Against    Management
      Sheikh Abdul Tawab Pursuant to the
      Transmile Group Bhd ESOS
7     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

UMW HOLDINGS BERHAD

Ticker:                      Security ID:  MYL4588OO009
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of MYR0.09 Per     For       Against    Management
      Share for the Financial Year Ended Dec.
      31, 2003 Giving a Total Gross Dividend of
      MYR0.24 Per Share for the Year
3     Elect Mohamed Noodin bin Hassan as        For       For        Management
      Director
4     Elect Haji Darwis bin Mohd Daid as        For       For        Management
      Director
5     Elect Asmat bin Kamaludin as Director     For       For        Management
6     Elect Mohamed Khatib bin Abdul Hamid as   For       For        Management
      Director
7     Elect Yusof bin Din as Director           For       For        Management
8     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR418,000 for the Year Ended
      Dec. 31, 2003
9     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

UMW HOLDINGS BERHAD

Ticker:                      Security ID:  MYL4588OO009
Meeting Date: AUG 27, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase Authorized Share Capital from    For       For        Management
      MYR500 Million Comprising 500 Million
      Ordinary Shares to MYR600 Million
      Comprising 600 Million Ordinary Shares
      and to Amend Clause 5 of the Memorandum
      of Association Accordingly
2     Approve Capitalization of Up to MYR203.23 For       For        Management
      Million in the Share Premium Account for
      a Two New Ordinary Shares for Every Three
      Existing Ordinary Shares Bonus Issue


--------------------------------------------------------------------------------

UNISEM (M) BERHAD

Ticker:                      Security ID:  MYL5005OO003
Meeting Date: FEB 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Proposed Issue of Up to $150    For       Against    Management
      Million Nominal Value of Five-Year
      Unsecured Euro-Convertible Bonds


--------------------------------------------------------------------------------

UNISEM (M) BERHAD

Ticker:                      Security ID:  MYL5005OO003
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec.
      31, 2003
2     Approve Final Dividend of 10 Percent      For       For        Management
      Tax-exempt for the Financial Year Ended
      Dec. 31, 2003
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR1.14 Million for the Year
      Ended Dec. 31, 2003
4     Elect Mohd. Rashdan bin Haji Baba as      For       For        Management
      Director
5     Elect Colin Garfield MacDonald as         For       For        Management
      Director
6     Elect Yen Woon @ Low Sau Chee as Director For       For        Management
7     Approve Deloitte KassimChan as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
8     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital


--------------------------------------------------------------------------------

WTK HOLDINGS (FRM. SAMANDA HLDGS BERHAD)

Ticker:                      Security ID:  MYL4243OO001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended Dec,
      31, 2003
2     Approve First and Final Dividend of Eight For       Against    Management
      Percent Less Tax  for the Financial Year
      Ended Dec. 31, 2003
3     Approve Increase in the Remuneration of   For       For        Management
      Directors to MYR120,000 for the Financial
      Year Ended Dec. 31, 2003
4     Elect Wong Kie Nai as Director            For       For        Management
5     Elect Loh Siew Choon as Director          For       For        Management
6     Approve Ernst & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
8     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
9     Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions


--------------------------------------------------------------------------------

YTL CORPORATION BERHAD

Ticker:                      Security ID:  MYL4677OO000
Meeting Date: DEC 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Approve First and Final Dividend of 15    For       For        Management
      Percent Gross Less Malaysian Income Tax
      in Respect of the Financial Year Ended
      June 30, 2003
3     Elect Yeoh Soo Min as Director            For       For        Management
4     Elect Michael Yeoh Sock Siong as Director For       For        Management
5     Elect Yeoh Soo Keng as Director           For       For        Management
6     Elect Lau Yin Pin @ Lau Yen Beng as       For       For        Management
      Director
7     Elect Eu Peng Meng @ Leslie Eu as         For       For        Management
      Director
8     Elect Yeoh Tiong Lay as Director          For       For        Management
9     Elect Yahya Bin Ismail as Director        For       For        Management
10    Approve Remuneration of Directors in the  For       For        Management
      Amount of MYR260,000
11    Approve Ler Lum & Co as Auditors and      For       For        Management
      Authorize Board to Fix Their Remuneration
12    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights in Any Amount Up to Ten
      Percent of Issued Share Capital
13    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
14    Approve Implementation of Shareholders'   For       For        Management
      Mandate for Recurrent Related Party
      Transactions




======================== ISHARES MSCI MEXICO INDEX FUND ========================


ALFA S.A.

Ticker:                      Security ID:  MXP000511016
Meeting Date: MAR 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of USD 0.075 Per Share; Set
      Maximum Limit of Share Repurchase Reserve
3     Elect Directors and Supervisory Board and For       For        Management
      Fix Their Remuneration
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

ALFA S.A.

Ticker:                      Security ID:  MXP000511016
Meeting Date: FEB 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve MXN 26 Million Reduction in       For       Did Not    Management
      Capital for Bonus Payment to Shareholders           Vote
2     Grant Board Authority to Conven an EGM in For       Did Not    Management
      First Quarter of 2005 Re: Reduction in              Vote
      Capital
3     Amend Article 7 Re: Reflect Changes in    For       Did Not    Management
      Capital and Compliance with Mexican                 Vote
      Market Regulations
4     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote
5     Approve Minutes of Meeting                For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

AMERICA MOVIL SA DE CV MEXICO

Ticker:                      Security ID:  MXP001691213
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Parent Company and                      Vote
      Subsidiaries; Approve Allocation of
      Income and Dividend of MXN 0.12 Per
      Series AA, A, and L Share
2     Approve Discharge of Management Board;    For       Did Not    Management
      Elect and Fix the Remuneration of the               Vote
      Management Board, Supervisory Board and
      Their Alternates
3     Approve Discharge of Executive, Audit,    For       Did Not    Management
      and Compensation Committee; Elect Members           Vote
      of Committees and Fix Their Remuneration
4     Accept Director's Report on Share         For       Did Not    Management
      Repurchase Plan; Set Limit for Share                Vote
      Repurchase Reserve
5     Approve Swap of Company's Shares          For       Did Not    Management
                                                          Vote
6     Designate Shareholder Representatives of  For       Did Not    Management
      Minutes of Meeting                                  Vote


--------------------------------------------------------------------------------

AMERICA MOVIL SA DE CV MEXICO

Ticker:                      Security ID:  MXP001691213
Meeting Date: APR 27, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors Representing Series L     For       For        Management
      Shares
2     Approve Swap of Company's Shares          For       For        Management
3     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

AMERICA TELECOM S.A. DE C.V

Ticker:                      Security ID:  MX01AM060000
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Management Board;    For       For        Management
      Elect Members to Management and
      Supervisory Board and Their Respective
      Alternates; Fix Their Remuneration
3     Elect Committee Members and Fix Their     For       For        Management
      Remuneration
4     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve for Fiscal Year 2004;
      Set Guidelines For Share Repurchase
      Program
5     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

AMERICA TELECOM S.A. DE C.V

Ticker:                      Security ID:  MX01AM060000
Meeting Date: DEC 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles                            For       Against    Management
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

APASCO S.A. DE C.V.

Ticker:       AASAY          Security ID:  MXP041021512
Meeting Date: OCT 7, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles                            For       Against    Management
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

CARSO GLOBAL TELECOM

Ticker:                      Security ID:  MXP740451010
Meeting Date: DEC 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles                            For       Against    Management
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

CARSO GLOBAL TELECOM

Ticker:                      Security ID:  MXP740451010
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Satutory
      Reports; Approve Allocation of Income
2     Approve Discharge of Management Board;    For       For        Management
      Elect Members to Management and
      Supervisory Board and Their Respective
      Alternates; Fix Their Remuneration
3     Elect Directors to Various Board          For       For        Management
      Committees; Fix Their Remuneration
4     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve for Fiscal Year 2004;
      Approve Share Repurchase Guidelines
5     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

CEMEX S.A.

Ticker:       CMXYY          Security ID:  MXP225611567
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income; Set         For       For        Management
      Aggregate Nominal Amount of Share
      Repurchase Reserve
3     Authorize Capitalization of Reserves      For       For        Management
4     Elect Directors and Supervisory Board     For       For        Management
5     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board
6     Designate Shareholder Representative(s)   For       For        Management
      of Minutes of Meeting


--------------------------------------------------------------------------------

CONSORCIO ARA SA

Ticker:       CNRFY          Security ID:  MXP001161019
Meeting Date: OCT 20, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Designate Inspector or Shareholder        For       For        Management
      Representatuve(s) of Minutes of Meeting
2     Elect Members to Management Board and     For       For        Management
      Alternates
3     Amend Articles Re: Compliance With        For       For        Management
      Mexican Securities Regulations
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

CONSORCIO ARA SA

Ticker:       CNRFY          Security ID:  MXP001161019
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Accept Audit Committee Report             For       For        Management
4     Elect Members to Management and           For       For        Management
      Supervisory Board; Elect Audit Committee,
      Board Secretary, and Their Respective
      Alternates
5     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve
6     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

CONTROLADORA COMERCIAL MEXICANA S.A.

Ticker:       CRRXY          Security ID:  MXP200821413
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       Against    Management
      Dividends of MXN 0.1115 Per Share
3     Elect Members to Management Board,        For       For        Management
      Supervisory Board, Executive Committee
      and Audit Committee
4     Approve Remuneration of Directors and     For       For        Management
      Supervisory Boards
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

CORPORACION INTERAMERICANA DE ENTRETENIMIENTO, S.A.

Ticker:                      Security ID:  MXP201161017
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board of Directors' Report         For       Abstain    Management
2     Accept Supervisory Board's Report         For       Abstain    Management
3     Accept Financial Statements               For       Abstain    Management
4     Elect Directors; Fix Their Remuneration   For       For        Management
5     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

FOMENTO ECONOMICO MEXICANO S.A. (FEMSA)

Ticker:                      Security ID:  MXP320321310
Meeting Date: MAR 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       Against    Management
      Dividends
3     Fix the Maximum Amount to Be Used in the  For       For        Management
      Share Repurchase
4     Elect Management and Supervisory Boards   For       For        Management
      and Fix Their Remuneration
5     Elect Committees                          For       For        Management
6     Designate Shareholders to Approve and     For       For        Management
      Sign Minutes of Meeting
7     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

FOMENTO ECONOMICO MEXICANO S.A. (FEMSA)

Ticker:                      Security ID:  MXP320321310
Meeting Date: DEC 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance with        For       For        Management
      Mexican Market Law
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
3     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO BIMBO

Ticker:                      Security ID:  MXP495211262
Meeting Date: SEP 25, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance With        For       For        Management
      Mexican Securities Regulations
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO BIMBO

Ticker:                      Security ID:  MXP495211262
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Dividend of MXN 0.24 Per Share    For       For        Management
4     Elect Management Board and Member to      For       For        Management
      Supervisory Board; Fix Their Remuneration
5     Elect Audit, Evaluation and Remuneration, For       For        Management
      and Finance and Planning Committee
      Members
6     Accept Director's Report on Share         For       Abstain    Management
      Repurchases; Set Limit for Share
      Repurchase Reserve
7     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO CARSO SA DE CV

Ticker:                      Security ID:  MXP461181085
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of MXN 0.70 Per Share
3     Authorize Repurchase of Shares up to      For       For        Management
      Aggregate Nominal Amount of MXN 3 Billion
4     Approve Discharge of Management Board     For       For        Management
5     Elect Members to Management and           For       For        Management
      Supervisory Board; Fix Their Remuneration
6     Designate Shareholder Representatives to  For       For        Management
      Approve and Sign Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO CONTINENTAL S.A. DE C.V.

Ticker:                      Security ID:  MXP3091R1239
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting;
      Open Meeting
2     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
3     Accept Audit Committee Report             For       Abstain    Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Allocation of Income and          For       For        Management
      Dividends
6     Accept Report Re: Shares Repurchased      For       Abstain    Management
7     Set Maximum Aggregate Amount for          For       For        Management
      Repurchase of Shares
8     Elect Management Board                    For       For        Management
9     Elect Members to Audit Committee          For       For        Management
10    Elect Supervisory Board                   For       For        Management
11    Approve Remuneration of Directors and     For       For        Management
      Supervisory Board
12    Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO ELEKTRA S.A.

Ticker:                      Security ID:  MX01EL000003
Meeting Date: DEC 16, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance with        For       For        Management
      Mexican Market Law
2     Approve Merger Agreement with ELektra     For       For        Management
      Trading and Consulting Group SA de CV
3     Approve Granting and Revoking of Powers   For       For        Management
4     Other Business (Voting)                   For       Against    Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) to File  Required
      Documents in the Public Commerce Registry
      and to Execute Approved Resolutions


--------------------------------------------------------------------------------

GRUPO ELEKTRA S.A.

Ticker:                      Security ID:  MX01EL000003
Meeting Date: MAR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board of Directors' Report         For       Abstain    Management
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports, Allocation of Income
      and Dividends
3     Elect Management Board, Supervisory Board For       For        Management
      Members, and Board Committee Members
4     Approve Directors' Report Re: Share       For       Abstain    Management
      Repurchase Program; Set Limit for Share
      Repurchase Reserve
5     Other Business (Voting)                   For       Against    Management
6     Designate Inspectors to Approve and Sign  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO FINANCIERO BANORTE S.A.

Ticker:                      Security ID:  MXP370711014
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger by Absorption of Generali  For       Against    Management
      Mexico - Compania de Seguros S.A., and of
      Another Financial Firm
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
3     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO FINANCIERO BANORTE S.A.

Ticker:                      Security ID:  MXP370711014
Meeting Date: OCT 16, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cash Dividend                     For       For        Management
2     Designate Inspector or Shareholder        For       For        Management
      Represntative(s) to Execute Dividend
      Distribution
3     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO FINANCIERO BANORTE S.A.

Ticker:                      Security ID:  MXP370711014
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Elect Members to Management and           For       For        Management
      Supervisory Boards
4     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board Members
5     Accept Director's Report on Share         For       For        Management
      Repurchase Plan; Set Limit for Share
      Repurchase Reserve
6     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
7     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GRUPO FINANCIERO BBVA BANCOMER

Ticker:                      Security ID:  MX01GF360007
Meeting Date: JAN 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance With        For       Did Not    Management
      Mexican Market Legislation                          Vote
2     Designate Two Shareholders to Approve and For       Did Not    Management
      Sign Minutes of Meeting                             Vote


--------------------------------------------------------------------------------

GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV)

Ticker:                      Security ID:  MXP370841019
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Audit Committee Report             For       Abstain    Management
3     Approve Allocation of Income              For       For        Management
4     Elect Members to Management and           For       For        Management
      Supervisory Boards and Audit, Executive,
      and Remuneration Committees
5     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board and Committee Members
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV)

Ticker:                      Security ID:  MXP370841019
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Cancel 48.6 Million Series B (Class II)   For       For        Management
      Company Treasury Shares and Corresponding
      Reduction in Variable Capital
2     Authorize Capitalization of Credits of    For       For        Management
      MXN 2.8 Billion for an  Issuance of 213.4
      Million New Series B (Class I) Shares at
      Subscription Price of MXN 13 per Share
3     Amend Articles to Reflect Changes in      For       For        Management
      Capital
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO SANBORN SA (FORMERLY SANBORN HERMANOS S.A.)

Ticker:                      Security ID:  MXP371151210
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Discharge of Directors            For       For        Management
4     Elect Management and Supervisory Boards;  For       For        Management
      Fix Their Remuneration
5     Designate Shareholders Representatives to For       For        Management
      Approve and Sign Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: DEC 23, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Deed of Issuance for Non-Redeemable For       For        Management
      CPOs Based on Shares Series A, D, and L
      to Comply with Mexican Market Law
      Approved on 6-2-01
2     Approve Resolutions Regarding Issuance of For       For        Management
      CPOs and Ratio of Underlying Shares
3     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Series D Representatives to         For       For        Management
      Management Board
2     Approve Dividends and Other Resolutions   For       For        Management
      Proposed in General Meetings to Be Held
      on Same Day
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Audit Committee Report             For       Abstain    Management
3     Approve Allocation of Income and          For       For        Management
      Aggregate Dividends of MXN 3.85 Billion
4     Set Aggregate Nominal Amount for Stock    For       For        Management
      Repurchase; Accept Report Re: Share
      Repurchase Policy; Accept Report Re:
      Long-Term Share Retention Plan
5     Elect Members to Management Board,        For       For        Management
      Supervisory Board, and Board Secretaries
6     Elect Members to Executive Committee      For       For        Management
7     Elect Members to Audit Committee          For       For        Management
8     Approve Remuneration of Directors,        For       For        Management
      Supervisory Board Members, Audit and
      Executive Committee Members, and Board
      Secretaries
9     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve 25:1 Stock Split For Each Share   For       For        Management
      Class; Amend Articles
2     Authorize Creation of Series B Shares;    For       For        Management
      Amend Articles
3     Approve Allocation of Stock Dividends to  For       For        Management
      Series B, D, and L Shares; Amend Articles
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

GRUPO TELEVISA, S.A.

Ticker:       TV             Security ID:  MXP4987V1378
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Series L Members to Management      For       For        Management
      Board
2     Approve Dividends and Other Resolutions   For       For        Management
      Proposed in General Meetings to Be Held
      on Same Day
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

HYLSAMEX SA DE CV

Ticker:                      Security ID:  MX01HY000013
Meeting Date: MAR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income; Fix Amount  For       For        Management
      of Funds Available for Share Repurchase
3     Elect Management and Supervisory Boards   For       For        Management
      and Fix Remuneration
4     Designate Shareholder Representatives to  For       For        Management
      Approve and Sign Minutes of Meeting
5     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

INDUSTRIAS PENOLES

Ticker:                      Security ID:  MXP554091415
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Elect Directors and Approve Remuneration  For       For        Management
4     Elect Supervisory Board and Approve       For       For        Management
      Remuneration
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

INDUSTRIAS PENOLES

Ticker:                      Security ID:  MXP554091415
Meeting Date: DEC 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Compliance with        For       For        Management
      Mexican Market Law
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

KIMBERLY CLARK DE MEXICO S.A. DE C.V.

Ticker:                      Security ID:  MXP606941179
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Did Not    Management
      Financial Statements and Statutory                  Vote
      Reports; Approve Allocation of Income
2     Approve Series A, B, and Special Series T For       Did Not    Management
      Cash Dividend of MXN 1.88 Per Share                 Vote
3     Elect Management Board, Supervisory Board For       Did Not    Management
      Members, and Respective Alternates                  Vote
4     Approve Remuneration of Directors,        For       Did Not    Management
      Supervisory Board, and Respective                   Vote
      Alternates
5     Approve Reduction of MXN 226,015.28 in    For       Did Not    Management
      Share Capital Via Cancellation of 27.6              Vote
      Million Shares (14.3 Million Series A and
      13.3 Million Series B)
6     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote
7     Approve Merger by Absorption of Papeles   For       Did Not    Management
      de Calidad San Rafael SA de CV                      Vote
8     Approve Issuance of 18 Million Special    For       Did Not    Management
      Series T Workers' Shares to Service                 Vote
      Employee Stock Ownership Plan
9     Amend Articles Re: Compliance With        For       Did Not    Management
      Mexican Market Regulation                           Vote
10    Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote


--------------------------------------------------------------------------------

ORGANIZACION SORIANA S.A.

Ticker:                      Security ID:  MXP8728U1671
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Chairman's Statutory Report        For       Abstain    Management
2     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of Dividend of
      MXN 0.25 Per Share
3     Accept Supervisory Board's Report         For       Abstain    Management
4     Accept Audit Committee Report             For       Abstain    Management
5     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve
6     Elect Management Board and Supervisory    For       For        Management
      Board
7     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

TELEFONOS DE MEXICO S.A. DE C.V.

Ticker:       TFONY          Security ID:  MXP904131325
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Series L Representative Directors   For       For        Management
2     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

TV AZTECA SA DE CV

Ticker:                      Security ID:  MXP740471117
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Reports of Management Board and    For       Abstain    Management
      Audit Committee
2     Accept Reports of Supervisory Board       For       Abstain    Management
3     Accept Financial Statements               For       Abstain    Management
4     Approve Allocation of Income              For       Against    Management
5     Approve Dividend of MXN 0.00707 Per Class For       Against    Management
      D-A and Class D-L Shares
6     Approve Reduction in Stated Capital Via   For       For        Management
      Bonus Payment to Shareholders
7     Authorize Repurchase of Shares and Set    For       For        Management
      Aggregate Nominal Amount of Share
      Repurchase Reserve
8     Elect Directors                           For       Against    Management
9     Approve Remuneration of Directors         For       Against    Management
10    Other Business (Voting)                   For       Against    Management
11    Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

VITRO CORPORATIVO, S.A. DE C.V.

Ticker:       VTO920         Security ID:  MXP9802B1093
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Dividend of MXN 0.30 Per Share    For       For        Management
4     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve
5     Elect Management Board and Supervisory    For       For        Management
      Board; Fix Their Remuneration
6     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

VITRO CORPORATIVO, S.A. DE C.V.

Ticker:       VTO            Security ID:  MXP9802B1093
Meeting Date: MAR 25, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 2, 6, 9, 13, 22, 29 In     For       For        Management
      Line With Mexican Securities Law
2     Designate Shareholder Representatives of  For       For        Management
      Minutes of Meeting


--------------------------------------------------------------------------------

WAL-MART DE MEXICO S.A. DE C.V. (FRMRLY. CIFRA S.A.)

Ticker:                      Security ID:  MXP810081010
Meeting Date: FEB 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Chairman's Report                  For       Did Not    Management
                                                          Vote
2     Accept Audit Committee's Report           For       Did Not    Management
                                                          Vote
3     Accept Supervisory Board Report           For       Did Not    Management
                                                          Vote
4     Accept Financial Statements               For       Did Not    Management
                                                          Vote
5     Accept Report Re: Share Repurchase        For       Did Not    Management
      Reserve                                             Vote
6     Cancel 27.6 Million Series C Treasury     For       Did Not    Management
      Shares                                              Vote
7     Approve Conversion of Class C Shares into For       Did Not    Management
      Class V Shares, Increasing Voting Rights            Vote
      of Class C Shareholders
8     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
9     Approve Dividend of MXN 0.44 Per Share    For       Did Not    Management
      Payable in Cash or Shares                           Vote
10    Approve MXN 1.9 Billion Increase in       For       Did Not    Management
      Variable Capital Through Issuance of 98.4           Vote
      Million Common Shares to Service Stock
      Dividend Payout Proposed in Previous
      Item; Cancel Unused Portion of Capital
      Increase
11    Amend Articles                            For       Did Not    Management
                                                          Vote
12    Accept Report Re: Employee Stock Option   For       Did Not    Management
      Plan                                                Vote
13    Accept Report Re: Wal-Mart de Mexico      For       Did Not    Management
      Foundation                                          Vote
14    Approve Discharge of Directors            For       Did Not    Management
                                                          Vote
15    Elect Members of Management and           For       Did Not    Management
      Supervisory Boards                                  Vote
16    Approve Minutes of Meeting                For       Did Not    Management
                                                          Vote




===================== ISHARES MSCI NETHERLANDS INDEX FUND ======================


ABN AMRO HOLDING NV

Ticker:       ABN            Security ID:  NL0000301109
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Management Board        None      Abstain    Management
2     Discussion about Company's Corporate      None      Abstain    Management
      Governance Report
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Approve Dividends                         For       For        Management
3.3   Approve Discharge of Management Board     For       For        Management
3.4   Approve Discharge of Supervisory Board    For       For        Management
4     Approve Remuneration Policy               For       For        Management
5     Reappoint Ernst & Young as Auditors       For       For        Management
6.1   Reelect T. Maas-de Bouwer to Supervisory  For       For        Management
      Board
6.2   Elect A. Olijslager to Supervisory Board  For       For        Management
7.1   Abolish Antitakeover Preference Shares    For       For        Management
      through Repurchase and Cancellation of
      Shares
7.2   Amend Articles to Reflect Cancellation of For       For        Management
      Preference Shares (Item 7.1)
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9.1   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares and Convertible Preference Shares
      Up to 20 Percent of Issued Share Capital
9.2   Grant Board Authority to Exclude          For       For        Management
      Preemptive Rights from Issuance Under
      Item 9.1
10    Other Business                            None      Against    Management


--------------------------------------------------------------------------------

AEGON NV

Ticker:       AEG            Security ID:  NL0000301760
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Discussion of the Annual Report 2003      None      None       Management
2.2   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.3   Discussion of the Reserves and Dividend   None      None       Management
      Policy
2.4   Approval of Dividend in the Amount of EUR For       For        Management
      0.40 per Ordinary Share
2.5   Approve Discharge of Management Board     For       For        Management
2.6   Approve Discharge of Supervisory Board    For       For        Management
3.1   Ratify Ernst & Young as Auditors          For       For        Management
3.2   Authorize Board to Prepare Annual Report  For       For        Management
      in English
4.1   Discussion about Company's Corporate      None      None       Management
      Governance Policy
4.2   Approve Remuneration Policy of Management For       For        Management
      Board
5.1A  Reelect T. Rembe to Supervisory Board     For       For        Management
5.1B  Reelect O. Olcay to Supervisory Board     For       For        Management
5.2A  Elect R. Dahan to Supervisory Board       For       For        Management
5.2B  Elect I. Bailey to Supervisory Board      For       For        Management
5.2C  Elect P Voser to Supervisory Board        For       For        Management
5.3   Announcement of Vacancies on Supervisory  None      None       Management
      Board in 2005
6.1   Grant Board Authority to Issue All        For       Against    Management
      Authorized Yet Unissued Shares
6.2   Grant Board Authority to Restrict/Exclude For       For        Management
      Preemptive Rights for Ordinary Share
      Issuance up to 30 Percent of the Issued
      Capital (Item 6.1)
6.3   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Up to One Percent of Issued Share
      Capital for Employee Compensation Plan
6.4   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Other Business                            None      Against    Management
8     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: SEP 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Explanation with Respect to       None      Abstain    Management
      Deferral of Publication of 2002 Annual
      Accounts and Annual Report
3.1A  Elect A.C. Moberg to Management Board     For       For        Management
3.1B  Elect M. van Olffen to Management Board   Against   Against    Management
3.2A  Elect H.R. Ryoeppoenen to Management      For       For        Management
      Board
3.2B  Elect J.W. Hoevers to Management Board    Against   Against    Management
4     Receive Presentation about Company's New  None      None       Management
      Strategy
5     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: MAR 3, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Discussion of Company's Corporate         None      None       Management
      Governance Structure
3     Amend Articles Re: Changes to Company's   For       For        Management
      Corporate Governance Structure to Reflect
      Recommendations by Dutch Corporate
      Governance Code
4     Approve Terms Governing Conversion of     For       For        Management
      Cumulative Preferred Financing Shares
      into Common Shares
5     Approve Remuneration Policy of Executive  For       For        Management
      Board
6     Receive Information on Current            None      None       Management
      Investigations and Lawsuits
7     Adjourn Meeting                           None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report Regarding Company Strategy None      Abstain    Management
      ('Road to Recovery')
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
3.3   Approve Discharge of Management Board     For       For        Management
3.4   Approve Discharge of Supervisory Board    For       For        Management
4.1   Elect Rene Dahan to Supervisory Board     For       For        Management
4.2   Elect Karen de Segundo to Supervisory     For       For        Management
      Board
5     Ratify Deloitte & Touche as Auditors      For       For        Management
6     Authorize Board to Change Official        For       For        Management
      Language of the Annual Report to English
7     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AHOLD KON NV

Ticker:       AHO            Security ID:  NL0000331817
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report for Fiscal Year 2002 by    None      Abstain    Management
      Management Board
3     Approve Financial Statements for Fiscal   For       Abstain    Management
      Year 2002
4     Elect Management Board                    For       For        Management
5     Amend Articles Re: Increase Authorized    For       Against    Management
      Share Capital to EUR 1.25 Billion; Make
      Supervisory Board Nomination to Executive
      Board Non Binding; Require Quorum to
      Adopt Shareholder Proposals; Remove Age
      Limit for Supervisory Board Membership
6.1   Grant Board Authority to Issue Authorized For       Against    Management
      Yet Unissued Shares Restricting/Excluding
      Preemptive Rights
6.2   Grant Board Authority to Exclude          For       Against    Management
      Preemptive Rights from Issuance Under
      Item 6.1
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Receive Information about Bonus of CEO    None      None       Management
      Anders Moberg
9     Allow Questions; Close Meeting            None      None       Management


--------------------------------------------------------------------------------

AKZO-NOBEL NV

Ticker:       AKZOY          Security ID:  NL0000009132
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Approve Dividends                         For       For        Management
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Discussion about Company's Corporate      None      None       Management
      Governance Policy
6.1   Approve Stock Option Plan for Management  For       For        Management
      Board
6.2   Approve Restricted Stock Plan for         For       For        Management
      Management Board
6.3   Approve Executive Stock Option Plan       For       For        Management
6.4   Approve Maximum Number of Shares for LTIP For       For        Management
7     Elect Members of Management Board         For       For        Management
8.1   Fix Number of Members of Supervisory      For       For        Management
      Board
8.2   Elect Members of Supervisory Board        For       For        Management
9     Authorize Board to Prepare Financial      For       For        Management
      Statements in English
10    Grant Board Authority to Issue Authorized For       For        Management
      Yet Unissued Shares Restricting/Excluding
      Preemptive Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

ASML HOLDING NV (FORMERLY ASM LITHOGRAPHY HLDG)

Ticker:                      Security ID:  NL0000334365
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Reserves and Dividend Policy      None      None       Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7     Approve Remuneration Policy for           For       For        Management
      Management Board Members
8.1   Approve Stock Option Plan for Management  For       For        Management
      Board; Approve Reservation of 500,000
      Shares to Guarantee Conversion Rights
8.2   Approve Stock Option Plans for Other      For       For        Management
      Employees; Approve Reservation of 4.5
      Million Shares to Guarantee Conversion
      Rights
9     Increase Size of Supervisory Board from   For       For        Management
      Six to Seven Members; Reelect H. Bodt and
      Elect F. Froehlich and A. van der Poel to
      Supervisory Board
10    Amend Articles Re: Changes to Company's   For       For        Management
      Corporate Governance Structure to Reflect
      Recommendations by Dutch Corporate
      Governance Code; Indemnification of
      Management and Supervisory Boards
11    Grant Board Authority to Issue Authorized For       For        Management
      Yet Unissued Ordinary Shares
      Restricting/Excluding Preemptive Rights
      Up to 20 Percent of Issued Share Capital
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Other Business (Non-Voting)               None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

DSM NV

Ticker:                      Security ID:  NL0000009769
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements              For       Abstain    Management
3.2   Approve Discharge of Management Board     For       For        Management
3.3   Approve Discharge of Supervisory Board    For       For        Management
4     Reelect C. Herkstroeter, H. Bodt, E.      For       For        Management
      Sosa; Elect E. Kist as New Member to
      Supervisory Board
5.1   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Up to 20 Percent of Issued
      Capital, and to Issue All Unissued but
      Authorized Preference Shares
5.2   Grant Board Authority to Restrict/Exclude For       For        Management
      Preemptive Rights from Issuance of
      Ordinary Shares Up to 20 Percent of
      Issued Share Capital (Item 5.1)
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Discussion about Company's Corporate      None      None       Management
      Governance Report
8     Amend Articles: Transfer Authority to     For       For        Management
      Appoint Management Board from Supervisory
      Board to General Meeting; Changes to
      Company's Corporate Governance Structure
      to Reflect Recommendations by Dutch
      Corporate Governance Code as Well as
      Pending Legislation
9     Other Business (Non-Voting)               None      Against    Management
10    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

HAGEMEYER NV

Ticker:                      Security ID:  NL0000355477
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Elect B. Bourigeaud BA and M. de Raad to  For       For        Management
      Supervisory Board
6     Elect R. de Becker to Management Board    For       For        Management
7     Ratify Deloitte Accountants as Auditors   For       For        Management
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9.1   Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Up to 20 Percent of Issued Share
      Capital
9.2   Grant Board Authority to Exclude          For       For        Management
      Preemptive Rights from Issuance Under
      Item 9.1
10    Discussion about Company's Corporate      None      None       Management
      Governance Report
11    Allow Questions                           None      None       Management
12    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

HEINEKEN NV

Ticker:                      Security ID:  NL0000009157
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3     Approve Allocation of Income              For       Against    Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Discharge of Supervisory Board    For       For        Management
6     Approve Lowering in Par Value from EUR 2  For       For        Management
      to EUR 1.60 via a 5:4 (Five New Shares
      for Every Four Currently Held) Stock
      Split
7     Amend Articles Re: 5:4 Stock Split;       For       For        Management
      Editorial Changes
8.1   Elect A. Risseeuwto Supervisory Board     For       For        Management
8.2   Elect R. Overgaauw to Supervisory Board   Against   Against    Management
9.1   Elect K. Bueche to Management Board       For       For        Management
9.2   Elect J. Buijs to Management Board        Against   Against    Management
10    Discussion about Company's Corporate      None      None       Management
      Governance Report


--------------------------------------------------------------------------------

IHC CALAND NV

Ticker:                      Security ID:  NL0000360584
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2.1   Receive Report of Management Board        None      Did Not    Management
                                                          Vote
2.2   Receive Report of Supervisory Board       None      Did Not    Management
                                                          Vote
2.3   Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
3     Receive Explanation of Company's Reserves None      Did Not    Management
      and Dividend Policy                                 Vote
4     Approve Allocation of Income and          For       Did Not    Management
      Dividends of $1.40 Per Share                        Vote
5.1   Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
5.2   Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
6     Discussion about Company's Corporate      None      Did Not    Management
      Governance Report                                   Vote
7     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
8.1   Grant Board Authority to Issue Ordinary   For       Did Not    Management
      Shares Up to 10 Percent of Issued                   Vote
      Ordinary Share Capital
8.2   Grant Board Authority to Exclude          For       Did Not    Management
      Preemptive Rights from Share Issuance               Vote
      Under Item 8.1
8.3   Grant Board Authority to Issue 240,000    For       Did Not    Management
      Shares for Company's Stock Option Plan              Vote
9     Elect L. Ligthart Supervisory Board       For       Did Not    Management
                                                          Vote
10    Approve Remuneration of Supervisory Board For       Did Not    Management
                                                          Vote
11    Other Business                            None      Did Not    Management
                                                          Vote
12    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ING GROEP NV

Ticker:       ING            Security ID:  NL0000303600
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Receive Reports of Management and         None      Abstain    Management
      Supervisory Boards
2.2   Receive Explanation of Reserves and       None      None       Management
      Dividend Policy
3.1   Approve Financial Statements of 2003      For       Abstain    Management
3.2   Approve Dividends                         For       For        Management
4     Ratify Ernst & Young Accountants as       For       For        Management
      Auditors
5.1   Approve Discharge of Management Board     For       For        Management
5.2   Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7.1   Approve Remuneration Policy of Management For       For        Management
      Board
7.2   Approve Long-Term Incentive Plan (50      For       For        Management
      Percent Stock Options and 50 Percent
      Performance Shares)
8     Amend Articles Re: Binding Director       For       For        Management
      Nominations; Establish Profile on
      Expertise and Ethical Standards for
      Directors; Approve Remuneration Policy
      for Management Board; Threshold for
      Submitting Shareholder Proposals; Reduce
      Par Value of B Preference Share
9.1   Elect E. Boyer de la Giroday as New       For       For        Management
      Member of Management Board
9.2   Elect E. Leenaars as New Member of        For       For        Management
      Management Board
9.3   Elect H. Verkoren as New Member of        For       For        Management
      Management Board
10    Elect E. Bourdais de Charbonniere as New  For       For        Management
      Member of Supervisory Board
11    Grant Board Authority to Issue Ordinary   For       For        Management
      Shares Restricting/Excluding Preemptive
      Rights Up to 20 Percent of Issued Capital
      and All Authorized Yet Unissued B
      Preference Shares Restricting/Excluding
      Preemptive Rights
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Other Business                            None      Against    Management


--------------------------------------------------------------------------------

NUMICO N.V.(FORMERLY NUTRICIA N.V.)

Ticker:                      Security ID:  NL0000375558
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Discussion about Company's Corporate      None      None       Management
      Governance Report
3     Receive Report of Management Board        None      Abstain    Management
4.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.3   Approve the Omission of Dividends for     For       For        Management
      Fiscal 2004
4.4   Approve Discharge of Management Board     For       For        Management
4.5   Approve Discharge of Supervisory Board    For       For        Management
5     Elect Barrie Spelling to Supervisory      For       For        Management
      Board
6.1   Reelect Jan Bennink to Management Board   For       For        Management
6.2   Reelect Jean-Marc Huet to Management      For       For        Management
      Board
6.3   Elect Ajai Puri to Management Board       For       For        Management
7     Approve Remuneration Policy for           For       For        Management
      Management Board Members
8     Amend Articles Re: Make Changes to        For       For        Management
      Reflect Dutch Corporate Governance Code;
      Discontinue Use of Depositary Receipts;
      Increase Authorized Share Capital from
      EUR 115 Million to EUR 200 Million;
      Mandatory Takeover Bid Threshold
9     Grant Board Authority to Issue Shares Up  For       For        Management
      to Five Percent of Issued Share Capital
      to Service Employee Share Option Schemes
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
12    Other Business                            None      Against    Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

NUMICO N.V.(FORMERLY NUTRICIA N.V.)

Ticker:                      Security ID:  NL0000375558
Meeting Date: JUN 7, 2004    Meeting Type: Special
Record Date:  JUN 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Amend Articles Re: Make Changes to        For       For        Management
      Reflect Dutch Corporate Governance Code;
      Discontinue Use of Depositary Receipts;
      Increase Authorized Share Capital from
      EUR 115 Million to EUR 200 Million;
      Mandatory Takeover Bid Threshold
3     Other Business (Non-Voting)               None      Against    Management
4     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

OCE NV (FORMERLY OCE VAN DER GRINTEN)

Ticker:       OCENY          Security ID:  NL0000354934
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Board of Supervisory    None      Abstain    Management
      Board
3     Receive Report of Management Board        None      Abstain    Management
4.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.2   Approve Dividends                         For       For        Management
5.1   Approve Discharge of Executive Board      For       For        Management
5.2   Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7     Approve Remuneration of Management Board; For       For        Management
      Approve Long-Term Incentive Plan for
      Management Board and 200 Senior
      Executives, Reserving Shares Up to One
      Percent of Issued Share Capital Annually
8     Approve Reserves and Dividend Policy      For       For        Management
9     Grant Board Authority to Issue Ordinary   For       For        Management
      and Financing Preference Shares Up to 50
      Percent of Issued Share Capital
10    Authorize Board to Exclude Preemptive     For       For        Management
      Rights from Share Issuance Under Item 9
      Up to 20 Percent of Issued Share Capital
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12.1  Approve Resignation and Discharge L.      For       For        Management
      Berndsen from Supervisory Board
12.2  Elect M. Arentsen to Supervisory Board    For       For        Management
13    Allow Questions; Close Meeting            For       For        Management


--------------------------------------------------------------------------------

PHILIPS ELECTRONICS NV

Ticker:       PHG            Security ID:  NL0000009538
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.2   Receive Explanation of Corporate          None      None       Management
      Governance Structure
2.3   Receive Explanation of Policy on Reserves None      None       Management
      and Dividends
2.4   Approve Dividends of EUR 0.36 Per Share   For       For        Management
2.5   Approve Discharge of Management Board     For       For        Management
2.6   Approve Discharge of Supervisory Board    For       For        Management
3.1   Reelect Elect K. van Miert to Supervisory For       For        Management
      Board
3.2   Elect E. Kist as New Member of            For       For        Management
      Supervisory Board
4.1   Approve Remuneration Policy of Management For       For        Management
      Board
4.2   Amend 2003 Long-Term Incentive Plan       For       For        Management
      Regarding Distribution of Shares:
      Allocate a Maximum of 2.5 Percent of
      Annual Pool of Shares Reserved for LTIP
      to Management Board on Annual Basis
5     Grant Board Authority to Issue Shares     For       For        Management
      Restricting/Excluding Preemptive Rights
      Up to 20 Percent of Issued Capital
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share  Capital
7     Authorize Board to Set Record Date        For       For        Management
8     Other Business (Non-Voting)               None      Against    Management
9     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

REED ELSEVIER NV (FORMERLY ELSEVIER NV)

Ticker:       ELNVY          Security ID:  NL0000349488
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Documents Received                        None      Abstain    Management
3     Receive Report of Management Board        None      Abstain    Management
4     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5     Approve Dividends of EUR 0.30 per         For       For        Management
      Ordinary Share
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7.1   Approve Discharge of Management Board     For       For        Management
7.2   Approve Discharge of Supervisory Board    For       For        Management
8     Reelect Deloitte Accountants as Auditors  For       For        Management
9.1   Reelect Lord Sharman as Member of         For       For        Management
      Supervisory Board
9.2   Reelect R. Stomberg as Member of          For       For        Management
      Supervisory Board
9.3   Reelect M. Tabaksblat as Member of        For       For        Management
      Supervisory Board
10    Reelect G. van de Aast as Member of       For       For        Management
      Management Board
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12.1  Grant Board Authority to Issue Shares Up  For       For        Management
      to Ten Percent of Issued Share Capital
12.2  Grant Board Authority to Restrict/Exclude For       For        Management
      Preemptive Rights for Share Issuance
      under Item 12.1
13    Other Business                            None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

RODAMCO EUROPE N.V. (FM.RODAMCO CONTINENTAL EUROPE NV)

Ticker:                      Security ID:  NL0000289320
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
4.1   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.2   Approve Dividends                         For       For        Management
5     Approve Discharge of Management Board     For       For        Management
6     Approve Discharge of Supervisory Board    For       For        Management
7     Approve Company's Corporate Governance    For       For        Management
      Structure
8     Approve Remuneration Policy for           For       For        Management
      Management Board Members
9     Amend Articles Re: Add Indemnification    For       For        Management
      Clause for Members of Management and
      Supervisory Boards; Require Shareholder
      Approval of Remuneration Policy for
      Management Board; Introduce Four-Year
      Terms for Supervisory Board Members;
      Other Changes
10    Designate Supervisory Board Member (H.    For       For        Management
      Okkens) to Represent Company in Case of
      Conflict of Interest Pursuant to Article
      11.4 of Articles of Association
11    Elect J. Die to Management Board          For       For        Management
12    Reelect K. Dornbush, H. Okkens, and H.    For       For        Management
      van Wijk to Supervisory Board
13    Other Business (Non-Voting)               None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ROYAL DUTCH PETROLEUM CO.

Ticker:       RD             Security ID:  NL0000009470
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:  JUN 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Management Board        None      Abstain    Management
2.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.2   Approve Total Dividend of EUR 1.76 Per    For       For        Management
      Share
2.3   Approve Discharge of Management Board     For       Against    Management
2.4   Approve Discharge of Supervisory Board    For       Against    Management
3     Elect L. Cook to Management Board         For       For        Management
4     Elect C. Morin-Postel to Supervisory      For       For        Management
      Board
5     Reelect van de Bergh to Supervisory Board For       For        Management
6     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ROYAL KPN NV

Ticker:       KPN            Security ID:  NL0000009082
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Receive Explanation of Reserves and       None      None       Management
      Dividend Policy
3.3   Approve Dividends                         For       For        Management
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Discussion about Company's Corporate      None      None       Management
      Governance Report
6     Approve Remuneration Policy               For       For        Management
7.1   Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
7.2   Authorize Board to Prepare Annual Report  For       For        Management
      in English
8.1   Opportunity for General Meeting to Make   None      None       Management
      Recommendations for Appointment Member of
      Supervisory Board
8.2   Reelect D. Eustace to Supervisory Board   For       For        Management
8.3   Receive Announcement of Vacancy on        None      None       Management
      Supervisory Board
8.4   Elect E. Blok as New Member to Management For       For        Management
      Board
9.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9.2   Grant Board Authority to Issue Ordinary   For       Against    Management
      Shares Up to 20 Percent of Issued Capital
      and All Unissued but Authorized Class B
      Preference Shares
9.3   Grant Board Authority to Exclude          For       Against    Management
      Preemptive Rights from Issuance Under
      Item 9.2
10    Approve Proposal to Reduce Capital        For       For        Management
      Through Cancellation of Own Shares Up to
      10 Percent of Issued Share Capital
11    Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

ROYAL VENDEX KBB (FORMERLY VENDEX INTERNATIONAL NV)

Ticker:                      Security ID:  NL0000390979
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Receive Report of Management Board        None      Did Not    Management
                                                          Vote
3.1   Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
3.2   Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
3.3   Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
4     Elect Dirk Goeminne to Management Board   For       Did Not    Management
                                                          Vote
5     Grant Board Authority to Issue Authorized For       Did Not    Management
      Yet Unissued Ordinary and Preference B              Vote
      Shares without Preemptive Rights Up to 30
      Percent of Issued Share Capital;
      Authorize Issuance of All Authorized
      Preference C Shares without Preemptive
      Rights
6     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
7     Discussion about Company's Corporate      None      Did Not    Management
      Governance Report                                   Vote
8     Discussion about VDXK Acquisition B.V.'s  None      Did Not    Management
      Public Offer to Purchase all Outstanding            Vote
      Royal Vendex KBB Shares
9     Amend Articles to Reflect Acquisition by  For       Did Not    Management
      VDXK Acquisition B.V.                               Vote
10    Approve Resignation of Current            For       Did Not    Management
      Supervisory Board Members; Elect Todd               Vote
      Fisher, Edward Gilhuly, John Pfeffer,
      Steven Petrow, and Erik Thyssen to
      Supervisory Board to Reflect Acquisition
      by VDXK Acquisition B.V.
11    Receive Announcements                     None      Did Not    Management
                                                          Vote
12    Other Business (Non-Voting)               None      Did Not    Management
                                                          Vote
13    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TPG NV (FORMERLY TNT POST GROUP NV)

Ticker:       TP             Security ID:  NL0000009058
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Presentation by M. Bakker         None      None       Management
3     Receive Report of Management Board        None      Abstain    Management
4     Discussion about Company's Corporate      None      None       Management
      Governance Policy
5.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
5.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
5.3   Approve Discharge of Management Board     For       For        Management
5.4   Approve Discharge of Supervisory Board    For       For        Management
5.5   Authorize Board to Prepare Annual Report  For       For        Management
      in English
6.1   Ratify Previous Appointment of D. Kulik   For       For        Management
      and M. Lombard as New Members to the
      Management Board
6.2   Reelect M. Bakker to Management Board     For       For        Management
7     Approve Remuneration Policy for           For       For        Management
      Management Board
8.1   Opportunity for General Meeting to Make   None      None       Management
      Recommendations for Appointment Member of
      Supervisory Board
8.2   Reelect R. Abrahamsen to Supervisory      For       For        Management
      Board
8.3   Receive Announcement of Resignation of J. None      None       Management
      Hommem from Supervisory Board
9.1   Grant Board Authority to Issue All        For       Against    Management
      Preference B Shares as well as Ordinary
      Shares Up to 20 Percent of Issued Share
      Capital
9.2   Grant Board Authority to Restrict/Exclude For       Against    Management
      Preemptive Rights from Ordinary Share
      Issuance Under Item 9.1
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Receive Announcement on the Conclusions   None      None       Management
      of Three-Year Assessment of the
      Functioning of the External Auditor
12    Amend Articles Re: Add Indemnity Clause   For       For        Management
      to Indemnify Members of Management Board
      and Supervisory Board
13    Allow Questions                           None      None       Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

UNILEVER N.V.

Ticker:       UN             Security ID:  NL0000009348
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAY 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and Report   None      Abstain    Management
      by Remuneration Committe
2     Approve Financial Statements and          For       Abstain    Management
      Allocation of Income and Dividends
3     Approve Discharge of Board of Directors   For       For        Management
4     Discussion of Company's Corporate         For       For        Management
      Governance Report; Amend Articles Re:
      Adopt One-Tier Board Structure; Enable
      Shareholders to Override Binding
      Nominations for Appointment of Directors;
      Other Changes
5.1   Elect A. Burgmans as Executive Director   For       For        Management
5.2   Elect A. Butler as Executive Director     For       For        Management
5.3   Elect P. Cescau as Executive Director     For       For        Management
5.4   Elect K. Dadiseth as Executive Director   For       For        Management
5.5   Elect NWA Fitzgerald KBE as Executive     For       For        Management
      Director
5.6   Elect A. van Heemstra as Executive        For       For        Management
      Director
5.7   Elect R. Markham as Executive Director    For       For        Management
5.8   Elect C. van der Graaf as New Executive   For       For        Management
      Director
6.1   Elect Rt Hon The Lord of Brittan of       For       For        Management
      Spennithorne QC DL as Non-Executive
      Director
6.2   Elect Baroness Chalker of Wallasey as     For       For        Management
      Non-Executive Director
6.3   Elect B. Collomb as Non-Executive         For       For        Management
      Director
6.4   Elect W. Dik as Non-Executive Director    For       For        Management
6.5   Elect O. Fanjul as Non-Executive Director For       For        Management
6.6   Elect C. Gonzalez as Non-Executive        For       For        Management
      Director
6.7   Elect H. Kopper as Non-Executive Director For       For        Management
6.8   Elect Lord Simon of Highbury CBE as       For       For        Management
      Non-Executive Director
6.9   Elect van der Veer as Non-Executive       For       For        Management
      Director
7     Approve Remuneration of Non-Executive     For       For        Management
      Directors in an Aggregate Amount of EUR
      800,000
8     Ratify PricewaterhouseCoopers as Auditors For       For        Management
9     Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Authorize Board to Set Record Date for a  For       For        Management
      Period of Five Years
12    Allow Questions                           None      None       Management


--------------------------------------------------------------------------------

VEDIOR NV

Ticker:                      Security ID:  NL0000390854
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Dividends of EUR 0.16 Per
      Share
3     Approve Discharge of Management and       For       For        Management
      Supervisory Boards
4     Discussion about Company's Corporate      None      None       Management
      Governance Report
5     Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect R. Laan to Supervisory Board      For       For        Management
8     Reelect Deloitte & Accountants as         For       For        Management
      Auditors
9     Amend Articles Re: Amendments to Comply   For       For        Management
      with Dutch Corporate Governance Code
10    Approve Remuneration Policy for           For       Against    Management
      Management Board Members
11    Approve Stock Option Plan and Restricted  For       Against    Management
      Share Plan for Management Board Members;
      Approve Employee Stock Purchase Plan for
      U.S. Based Employees
12    Other Business                            None      Against    Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

VNU (NV VERENIGD BEZIT VNU)

Ticker:       VNULY          Security ID:  NL0000389872
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      Abstain    Management
3.1   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
3.2   Approve Discharge of Management Board     For       For        Management
3.3   Approve Discharge of Supervisory Board    For       For        Management
4.1   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.2   Approve Dividends                         For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6.1   Grant Board Authority to Issue Common and For       For        Management
      Seven Percent Preference Shares Up to 20
      Percent of Issued Share Capital
6.2   Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Preference B
      Shares Restricting/Excluding Preemptive
      Rights
6.3   Grant Board Authority to Exclude          For       For        Management
      Preemptive Rights from Issuance of Common
      Shares Under Item 6.1
7     Ratify Auditors                           For       For        Management
8     Discussion about Company's Corporate      None      None       Management
      Governance Report
9     Approve Remuneration of Management Board  For       For        Management
10    Reelect P. Elverding and J. Brentjes to   For       For        Management
      Supervisory Board
11    Approve Remuneration of Supervisory Board For       For        Management
12    Other Business                            None      Against    Management
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

WOLTERS KLUWER NV

Ticker:       WTKWY          Security ID:  NL0000395887
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Receive Report of Management Board        None      Abstain    Management
2.2   Receive Report of Supervisory Board       None      Abstain    Management
2.3   Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.55 Per Share
3     Discussion about Company's Corporate      None      None       Management
      Governance Report
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5.1   Reelect K. van Miert to Supervisory Board For       For        Management
5.2   Elect H. Scheffers to Supervisory Board   For       For        Management
6.1   Approve Remuneration Policy for           For       For        Management
      Management Board Members
6.2   Approve Long-Term Incentive Plan for      For       For        Management
      Management Board Members
7     Grant Board Authority to Issue Up to 20   For       For        Management
      Percent of the Authorized Yet Unissued
      Shares Restricting/Excluding Preemptive
      Rights
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9     Other Business                            None      Against    Management
10    Close Meeting                             None      None       Management




=================== ISHARES MSCI PACIFIC EX-JAPAN INDEX FUND ===================


ALLGREEN PROPERTIES LTD

Ticker:                      Security ID:  SG1G61871305
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.035 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 302,000    For       For        Management
4     Reelect Ang Keng Lam as Director          For       For        Management
5     Reelect Jimmy Seet Keong Huat as Director For       For        Management
6     Reelect Andrew Choo Hoo as Director       For       For        Management
7     Reelect Khor Thong Meng as Director       For       For        Management
8     Reappoint Foo Kon Tan Grant Thornton as   For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme


--------------------------------------------------------------------------------

ALUMINA LTD (FORMERLY WMC LIMITED)

Ticker:                      Security ID:  AU000000AWC3
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Elect Peter A. F. Hay as Director         For       For        Management
3     Amend Articles Re: Unmarketable Parcels   For       For        Management
      of Shares


--------------------------------------------------------------------------------

AMCOR LTD.

Ticker:       AMCR           Security ID:  AU000000AMC4
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Ronald Keith Barton as Director     For       For        Management
2b    Elect George John Pizzey as Director      For       For        Management
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of Not Exceeding AUD 2,000,000


--------------------------------------------------------------------------------

AMP LIMITED

Ticker:                      Security ID:  AU000000AMP6
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect P Handley as Director               For       For        Management
2b    Elect P Mason as Director                 For       For        Management
2c    Elect N Scheinkestel as Director          For       For        Management
3     Approve Reduction in the Aggregate        For       For        Management
      Maximum Fees to AUD1.5 Million Plus
      Statutory Superannuation Guarantee
      Contributions


--------------------------------------------------------------------------------

AMP LIMITED

Ticker:                      Security ID:  AU000000AMP6
Meeting Date: DEC 9, 2003    Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement             For       For        Management


--------------------------------------------------------------------------------

AMP LIMITED

Ticker:                      Security ID:  AU000000AMP6
Meeting Date: DEC 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Cancellation of the           For       For        Management
      Cancellation Number Scheme Shares and
      then Convert the Remaining Number Scheme
      Shares Equal to the Original Number
      Scheme Shares
1     Approve Cancellation of 11.5 Million RPS  For       For        Management
      Preference Shares


--------------------------------------------------------------------------------

ANSELL LTD

Ticker:       PDLPY          Security ID:  AU000000ANN9
Meeting Date: OCT 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect I. Dale Crandall as Director        For       For        Management
2b    Elect Herbert J. Elliott as Director      For       For        Management


--------------------------------------------------------------------------------

ARISTOCRAT LEISURE LTD.

Ticker:                      Security ID:  AU000000ALL7
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect John Ducker as Director             Against   Against    Management
3     Elect Penelope Morris as Director         For       For        Management
4     Elect David Simpson as Director           For       For        Management
5     Approve Freezing of Retirement Allowance  For       For        Management
      for Eligible Non-Executive Directors
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 1.75 Million Per Annum


--------------------------------------------------------------------------------

ASM PACIFIC TECHNOLOGY LTD.

Ticker:                      Security ID:  KYG0535Q1174
Meeting Date: APR 23, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors,
      Appointment of Multiple Corporate
      Representatives by a Clearing House
2     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
3     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
4     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

ASM PACIFIC TECHNOLOGY LTD.

Ticker:                      Security ID:  KYG0535Q1174
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.84 Per     For       For        Management
      Share
3     Elect Director and Authorize Board to Fix For       For        Management
      Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

AUCKLAND INTL. AIRPORT LTD.

Ticker:                      Security ID:  NZAIAE0001S8
Meeting Date: NOV 19, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Chairman's Address                        None      None       Management
2     Chief Executive Officer's Presentation    None      None       Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4a    Elect Wilson Whineray as Director         For       For        Management
4b    Elect Anthony Frankham as Director        For       For        Management
5     Approve Deloitte Touche Tohmatsu as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of NZ$ 47,500 from NZ$ 290,000 to NZ$
      337,500


--------------------------------------------------------------------------------

AUSTRALIA & NZ BANKING GROUP LTD. (FORMERLY AUSTRALIA & NEW

Ticker:       ANZ            Security ID:  AU000000ANZ3
Meeting Date: AUG 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Confirm Member Approval to the Buy-Back   For       For        Management
      Agreement Relating to the Redeemable
      Preference Shares Issued by the Company
      in 1998
2     Amend Constitution                        For       For        Management
3     Approve Issuance of 12.5 Million Reset    For       For        Management
      Convertible Preference Shares


--------------------------------------------------------------------------------

AUSTRALIAN GAS LIGHT (AGL)

Ticker:                      Security ID:  AU000000AGL7
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports For the Year Ended June 30, 2003
2a    Elect Ronald Brierley as Director         For       For        Management
2b    Elect G. J. Reaney as Director            For       For        Management
3     Approve the Acquisition by G. J. W.       For       For        Management
      Martin of Rights Under the Long-Term
      Incentive Plan for June 30, 2003
4     Approve Increase in Remuneration of       For       For        Management
      Directors in the Amount of AUD 1.2
      Million Per Annum


--------------------------------------------------------------------------------

AUSTRALIAN STOCK EXCHANGE LIMITED

Ticker:                      Security ID:  AU000000ASX7
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports For the Year Ended June 30, 2003
2     Accept Financial Statements and Statutory None      Abstain    Management
      Reports For the National Guarantee Fund
      For the Year Ended June 30, 2003
3     Elect Jillian Shirley Segal as Director   For       For        Management
4     Elect Michael John Sharpe as Director     For       For        Management
5     Elect Catherine Mary Walter as Director   For       For        Management


--------------------------------------------------------------------------------

BANK OF EAST ASIA, LIMITED

Ticker:                      Security ID:  HK0023000190
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.62 Per     For       For        Management
      Share
3a    Reelect Aubrey Li Kwok-sing as Director   For       For        Management
3b    Reelect Winston Lo Yau-lai as Director    For       For        Management
3c    Reelect Khoo Kay-peng as Director         For       For        Management
3d    Reelect David Li Kwok-po as Director      For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Amend Articles of the Association         For       For        Management
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

BHP BILLITON LIMITED (FORMERLY BHP LTD.)

Ticker:       BHP            Security ID:  AU000000BHP4
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  NOV 11, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements for BHP       For       Abstain    Management
      Billiton Ltd and Statutory Reports for
      the Year Ended  June 30, 2003
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for BHP Billiton Plc for the Year
      Ended June 30, 2003
3     Elect D C Brink as Director of BHP        For       For        Management
      Billiton Ltd
4     Elect D C Brink as Director of BHP        For       For        Management
      Billiton Plc
5     Elect M A Chaney as Director of BHP       For       For        Management
      Billiton Ltd
6     Elect M A Chaney as Director of BHP       For       For        Management
      Billiton Plc
7     Elect Lord Renwick of Clifton as Director For       For        Management
      of BHP Billiton Ltd
8     Elect Lord Renwick of Clifton as Director For       For        Management
      of BHP Billitoon Plc  as Director
9     Elect M Salamon as Director of BHP        For       For        Management
      Billiton Ltd
10    Elect M Salamon as Director of BHP        For       For        Management
      Billiton Plc
11    Elect J G Buchanan as Director of BHP     For       For        Management
      Billiton Ltd
12    Elect J G Buchanan as Director of BHP     For       For        Management
      Billiton Plc
13    Approve KPMG Audit Plc and                For       For        Management
      PricewaterhouseCoopers LLP as Auditors
      and Authorize Board to Fix Their
      Remuneration
14    Approve Authority to Allot Shares in BHP  For       For        Management
      Billiton Plc
15    Approve Renewal of Authority to Allot     For       For        Management
      Equity Securities for Cash
16    Authorize Share Repurchase Program        For       For        Management
17    Approve Remuneration Report for the Year  For       For        Management
      Ended June 30, 2003
18    Approve the Grant of Deferred Shares,     For       For        Management
      Options and Performance Shares to
      Executive Director and Chief Executive
      Officer, C W Goodyear Under the BHP
      Billiton Limited Group Incentive Scheme
19    Approve the Grant of Deferred Shares,     For       For        Management
      Options and Performance Shares to
      Executive Director and Senior Minerals
      Executive, M Salamon Under the BHP
      Billiton Plc Group Incentive Scheme


--------------------------------------------------------------------------------

BLUESCOPE STEEL LTD (FORMERLY BHP STEEL LTD)

Ticker:                      Security ID:  AU000000BSL0
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect H K McCann as Director              For       For        Management
2b    Elect P Rizzo as Director                 For       For        Management
2c    Elect Y P Tan as Director                 For       For        Management
3     Change Company Name to BlueScope Steel    For       For        Management
      Limited
4     Approve Participation by Kirby Adams,     For       For        Management
      Managing Director and Chief Executive
      Officer in the Employee Share Purchase
      Plan
5     Approve Grant of Share Rights to Managing For       For        Management
      Director and Chief Executive Officer,
      Kirby Adams, Under the Long Term
      Incentive Plan
6     Approve Non-Executive Director Share Plan For       For        Management


--------------------------------------------------------------------------------

BOC HONG KONG (HOLDINGS) LTD

Ticker:                      Security ID:  HK2388011192
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.32 Per     For       For        Management
      Share
3a    Reelect ZHOU Zaiqun as Director           For       For        Management
3b    Reelect TUNG Chee Chen as Director        For       For        Management
3c    Reelect YANG Linda Tsao as Director       For       For        Management
4     Approve Remuneration to Non-Executive     For       For        Management
      Directors and Senior Adviser Who Serve as
      Board Committee Chairman or Members of
      HK$100,000 Per Annum Per Board Committee
      to Each Committee Chairman and HK$50,000
      Per Annum Per Board Committee to Each
      Member
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Retirement and Nomination of
      Directors, Material Interest of Directors
      in Contracts Entered into by the Company
7     Approve Payment of Fees Amounting to      For       For        Management
      HK$50,000 Per Annum to Each Member and
      Secretary of Board Committees Who Are Not
      Directors or Salaried Employees of the
      Group
8     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
9     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
10    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

BORAL LIMITED

Ticker:       BORAY          Security ID:  AU000000BLD2
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:  OCT 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Financial Year Ended June
      30, 2003
2a    Elect John Clooney as Director            For       For        Management
2b    Elect Elizabeth Alexander as Director     For       For        Management
2c    Elect Tony D'Aloisio as Director          For       For        Management
3     Adopt New Constitution and Renew          For       For        Management
      Proportional Takeover  Approval Article
4     Approve Increase in the Remuneration of   For       For        Management
      Non-Executive Directors'
5     Amend Non-Executive Directors' Share Plan For       For        Management
6     Approve Employee Incentive Plans          For       For        Management
7     Approve Grant of Options to Rod Pearse,   For       For        Management
      Managing Director
8     Approve Resolution Proposed by 'Boral     Against   Against    Shareholder
      Green Shareholders'
9     Amend Articles Re: Article 145            Against   For        Shareholder
10    Amend Articles Re: Article 123            Against   Against    Shareholder
11    Approve Resolution That the Company Cease Against   Against    Shareholder
      Issuing Any Further Options Under the
      Boral Senior Executive Option Plan
12    Approve Resolution That Any Subsequent    Against   Against    Shareholder
      Form of Long-Term Incentive Plan for
      Senior Executives Be Put to Shareholders
      for Approval as an Ordinary Resolution at
      the Company's 2004 AGM and as Required at
      Subsequent AGMs
13    Approve Resolution That Any Short-Term    Against   Against    Shareholder
      Incentive Payable to an Executive
      Director Be Put to Shareholders for
      Approval as an Ordinary Resolution at the
      Company's 2004 AGM and Thereafter as
      Necessary Each Year
14    Amend Senior Executive Remuneration       Against   For        Shareholder
      Policy to Link 30 Percent of the
      Short-Term Incentives to the Achievement
      of Safety Targets Set by the Health and
      Safety Subcommittee


--------------------------------------------------------------------------------

BRAMBLES INDUSTRIES LTD.

Ticker:                      Security ID:  AU000000BIL1
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:  NOV 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports For the Year Ended June 30, 2003
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports For Brambles Industries Plc For
      the Year Ended June 30, 2003
3     Approve Remuneration Report For the Year  For       For        Management
      Ended June 30, 2003 As Contained in the
      Brambles Industries Plc Annual Review
      2003
4     Elect R. D. Brown as Director of Brambles For       For        Management
      Industries Limited
5     Elect R. D. Brown as Director of Brambles For       For        Management
      Industries Plc
6     Elect CK Chow as Director of Brambles     None      None       Management
      Industries Limited
7     Elect CK Chow as Director of Bramble      None      None       Management
      Industries Plc
8     Elect David Lees as Director of Brambles  For       For        Management
      Industries Limited
9     Elect David Lees as Director  of Bramble  For       For        Management
      Industries Plc
10    Elect R. C. Milne as Director of Brambles For       For        Management
      Industries Limited
11    Elect R. C. Milne as Director of Bramble  For       For        Management
      Industries Plc
12    Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors of Brambles Industries plc
13    Approve Remuneration of Auditors          For       For        Management
14    Approve General Authority to Allot Up to  For       For        Management
      176.26 Million Shares in Brambles
15    Approve Disapplication of Pre-Emption     For       For        Management
      Rights in Brambles Industries Plc
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
17    Approve Establishment of a Dividend       For       For        Management
      Reinvestment Scheme
18    Approve Scrip Dividend Scheme             For       For        Management
19    Amendment of the Brambles Industries Plc  For       For        Management
      Articles of Association


--------------------------------------------------------------------------------

CAPITALAND LIMITED

Ticker:                      Security ID:  SG1J27887962
Meeting Date: APR 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare First and Final Dividend of SGD   For       For        Management
      0.04 Per Share
3     Approve Directors' Fees of SGD 971,340    For       For        Management
      for the Year Ended Dec. 31, 2003
4a    Reelect Alan Cockshaw as Director         For       For        Management
4b    Reelect Jackson Peter Tai as Director     For       For        Management
4c    Reelect Lucien Wong Yuen Kuai as Director For       For        Management
5     Elect Andrew Buxton as Director           For       For        Management
6a    Reelect Hsuan Owyang as Director          For       For        Management
6b    Reelect Lim Chin Beng as Director         For       For        Management
7     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management
9     Appoint Richard Hu Tsu Tau as Director    For       For        Management
10a   Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10b   Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option Plan


--------------------------------------------------------------------------------

CAPITALAND LIMITED

Ticker:                      Security ID:  SG1J27887962
Meeting Date: APR 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Reduction and by a        For       For        Management
      Maximum of SGD 952 Million Standing to
      the Credit of the Share Premium Account
      Which is to be Effected by a Distribution
      in Specie in CapitaCommercial Trust
2     Amend Share Option Plan, Performance      For       Against    Management
      Share Plan and Restricted Stock Plan


--------------------------------------------------------------------------------

CARTER HOLT HARVEY LTD.

Ticker:                      Security ID:  NZCAHE0001S6
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Andrew R. Lessin as Director        For       Against    Management
2     Elect T. Kerry McDonald as Director       For       For        Management
3     Elect Brian N. G. McDonald as Director    For       For        Management
4     Elect Helen M. Nugent as Director         For       For        Management
5     Approve Ernst & Young and Deloitte as     For       For        Management
      Joint Auditors and Authorize Board to Fix
      Their Remuneration


--------------------------------------------------------------------------------

CATHAY PACIFIC AIRWAYS

Ticker:                      Security ID:  HK0293001514
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Final Dividend                    For       For        Management
2a    Reelect Robert Atkinson as Director       For       For        Management
2b    Reelect Derek Cridland as Director        For       For        Management
2c    Reelect Zhang Xianlin as Director         For       For        Management
3     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
4     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Annual Director Fees Not          For       For        Management
      Exceeding HK$3 Million
8     Amend Articles Re: Postponement and       For       For        Management
      Voting at General Meetings, Manner of
      Conducting Board Meetings, Inclusion of
      Electronic Communication


--------------------------------------------------------------------------------

CENTRO PROPERTIES LTD.

Ticker:                      Security ID:  AU000000CEP9
Meeting Date: OCT 24, 2003   Meeting Type: Annual
Record Date:  OCT 22, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Brian Healey as Director            For       For        Management
2b    Elect Peter Graham Goldie as Director     For       For        Management
1     Amend Articles Re: Trust Deed             For       For        Management
2a    Approve Issuance of Stapled Securities on For       For        Management
      or Before Oct. 24, 2004 Pursuant to the
      Security Purchase Plan
2b    Approve Issuance of Up to 1.2 Million     For       For        Management
      Stapled Securities to Andrew Thomas
      Scott, Chief Executive Officer


--------------------------------------------------------------------------------

CENTRO PROPERTIES LTD.

Ticker:                      Security ID:  AU000000CEP9
Meeting Date: SEP 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify the Issuance of 10.34 Million      For       For        Management
      Stapled Securities at AUD1.05 Per Stapled
      Security on July 25, 2003
2     Ratify the Issuance of 1.74 Million       For       For        Management
      Stapled Securities at AUD4.05 Per Stapled
      Security on July 25, 2003 Under the Terms
      of the Group's Employee Share Plan on
      July 25, 2003
3     Ratify the Issuance of 48.90 Million      For       For        Management
      Stapled Securities at AUD3.90 Per Stapled
      Security on Aug. 5, 2003


--------------------------------------------------------------------------------

CENTRO PROPERTIES LTD.

Ticker:                      Security ID:  AU000000CEP9
Meeting Date: JUL 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issue of 54.5 Million Stapled     For       For        Management
      Securities


--------------------------------------------------------------------------------

CHARTERED SEMICONDUCTOR MANUF.

Ticker:                      Security ID:  SG1H23874727
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Reelect Andre Borrel as Director          For       For        Management
2b    Reelect Tay Siew Choon as Director        For       For        Management
2c    Reelect Peter Seah Lim Huat as Director   For       For        Management
2d    Reelect Philip Tan Yuen Fah as Director   For       For        Management
3a    Reelect Charles Thompson as Director      For       For        Management
3b    Reelect Robert La Blanc as Director       For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Approve Directors' Fees of SGD 427,125    For       For        Management
6     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Employees Share
      Purchase Plan
7     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Share Purchase
      Plan 2004 for Employees of SIlicon
      Manufacturing Partners Pte. Ltd.
8a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
8b    Approve Creation and Issuance of of       For       For        Management
      Securities Pursuant to the Issaunce of
      Shares without Preemptive Rights
8c    Approve Grant of Options and Issuance of  For       Against    Management
      Shares Pursuant to the Share Option Plan
      1999 Under the Share Issuance Mandate


--------------------------------------------------------------------------------

CHEUNG KONG HOLDINGS

Ticker:       CHEUY          Security ID:  HK0001000014
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAY 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$1.30 Per     For       For        Management
      Share
3a    Reelect Chung Sun Keung, Davy as Director For       For        Management
3b    Reelect Ip Tak Chuen, Edmond as Director  For       For        Management
3c    Reelect Chiu Kwok Hung, Justin as         For       For        Management
      Director
3d    Reelect Chow Kun Chee, Roland as Director For       For        Management
3e    Reelect Wong Yick-ming, Rosanna as        For       For        Management
      Director
3f    Reelect Yeh Yuan Chang, Anthony as        For       For        Management
      Director
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CHEUNG KONG HOLDINGS

Ticker:       CHEUY          Security ID:  HK0001000014
Meeting Date: MAY 20, 2004   Meeting Type: Special
Record Date:  MAY 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Nomination of          For       For        Management
      Directors, Voting at Meetings, Issuance
      of Share Certificate, Removal of Director
      by Ordinary Resolution


--------------------------------------------------------------------------------

CHEUNG KONG INFRASTRUCTURE

Ticker:                      Security ID:  BMG2098R1025
Meeting Date: MAY 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Editing Changes and    For       For        Management
      Director's Material Interest in Contracts


--------------------------------------------------------------------------------

CHEUNG KONG INFRASTRUCTURE

Ticker:                      Security ID:  BMG2098R1025
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.50 Per     For       For        Management
      Share
3a    Reelect Fok Kin Ning, Canning as Director For       For        Management
3b    Reelect Chow Woo Mo Fong, Susan as        For       For        Management
      Director
3c    Reelect Cheong Ying Chew, Henry as        For       For        Management
      Director
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

CITY DEVELOPMENTS LTD.

Ticker:                      Security ID:  SG1R89002252
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend                    For       For        Management
3     Approve Directors' Fees of SGD 220,000    For       For        Management
      for the Year Ended Dec. 31, 2003, and
      Approve Audit Committee Fees of SGD
      42,500 Per Quarter for the Period
      Commencing from July 1, 2004 to June 30,
      2005
4a    Reelect Kwek Leng Beng as Director        For       For        Management
4b    Reelect Kwek Leng Peck as Director        For       For        Management
5a    Reappoint Sim Miah Kian as Director       For       For        Management
5b    Reappoint Tan Tong as Director            For       For        Management
5c    Reappoint Ong Pang Boon as Director       For       For        Management
5d    Reappoint Chee Keng Soon as Director      For       For        Management
5e    Reappoint Tang See Chim as Director       For       For        Management
6     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
7     Other Business (Voting)                   For       Against    Management
8     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
9     Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

CITY DEVELOPMENTS LTD.

Ticker:                      Security ID:  SG1R89002252
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Cash Dividend for Each    For       For        Management
      Ordinary Share Held in the Company
2     Approve Issuance of Up to 82.72 Million   For       For        Management
      Bonus Warrants on the Basis of One Bonus
      Warrant for Every Ten Shares Held
3     Approve Rights Issue of Up to 330.87      For       For        Management
      Million Nonreedemable Convertible
      Noncumulative Preference Shares
4     Approve Increase in Authorized Capital    For       For        Management
5     Amend Memorandum of Association Re: To    For       For        Management
      Reflect New Share Capital of the Company
6     Authorize Share Repurchase Program        For       For        Management
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
1     Amend Articles of Association of the      For       For        Management
      Company in Conjunction with the Rights
      Issue
2     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

CLP HOLDINGS (FORMERLY CHINA LIGHT & POWER)

Ticker:                      Security ID:  HK0002007356
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Approve Final Dividend of HK$0.65 Per     For       For        Management
      Share
2b    Approve Special Final Dividend of HK$0.10 For       For        Management
      Per Share
3a    Reelect Vernon Francis Moore as Director  For       For        Management
3b    Reelect Rudolf Bischof as Director        For       For        Management
3c    Reelect Loh Chung Hon, Hansen as Director For       For        Management
3d    Reelect William Elkin Mocatta as Director For       For        Management
3e    Reelect Lee Yui Bor as Director           For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Amend Articles Re: Recognized Clearing    For       For        Management
      House, Appointment of Chairman or
      Managing Director, and Addition of
      Technical Definitions
6     Approve Rotation and Eventual Reelection  For       For        Management
      of Executive Directors Holding Office of
      Not More Than Three Years
7     Reelect Tse Pak Wing, Peter as Executive  For       For        Management
      Director
8a    Approve Remuneration of Chairman, Vice    For       For        Management
      Chairmen and Non-Executive Directors
      Amounting to HK$280,000, HK$220,000 and
      HK$200,000 Respectively
8b    Approve Remuneration of Non-Executive     For       For        Management
      Directors Serving on Different Board
      Committees of the Company
9     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
10    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
11    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

COCA-COLA AMATIL LTD.

Ticker:                      Security ID:  AU000000CCL2
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Jillian R. Broadbent as Director    For       For        Management
2b    Elect Henry A. Schimberg as Director      For       For        Management
2c    Elect Geoffrey J. Kelly as Director       For       For        Management
3     Approve Long Term Incentive Share Plan    For       For        Management
      Grant to T. J. Davis


--------------------------------------------------------------------------------

COCHLEAR LTD

Ticker:                      Security ID:  AU000000COH5
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:  OCT 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Brian Anderson as Director          For       For        Management
2b    Elect Peter North as Director             For       For        Management
3     Approve Executive Long Term Incentive     For       For        Management
      Plan
4     Approve Issue of Shares to John Parker    For       For        Management
      Under the Long Term Executive Incentive
      Plan


--------------------------------------------------------------------------------

COLES MYER LTD.

Ticker:       CM             Security ID:  AU000000CML1
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:  OCT 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Presentations by Chairman and Chief       None      None       Management
      Executive Officer
2     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
3a    Elect Richard H. Allert as Director       For       For        Management
3b    Elect R. Keith Barton as Director         For       For        Management
3c    Elect William P. Gurry as Director        For       For        Management
3d    Elect Anthony G. Hodgson as Director      For       For        Management
3e    Elect Sandra V. McPhee as Director        For       For        Management
3f    Elect J. Michael Wemms as Director        For       For        Management
4     Approve Issuance of 1.5 Million Options   For       For        Management
      to John E. Fletcher, Managing Director
      and Chief Executive Officer


--------------------------------------------------------------------------------

COMFORTDELGRO CORP LTD

Ticker:                      Security ID:  SG1N31909426
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.031 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 377,891    For       For        Management
      for the Year Ended Dec. 31, 2003
4     Reelect Lim Jit Poh as Director           For       For        Management
5     Reelect Kua Hong Pak as Director          For       For        Management
6     Reelect Tow Heng Tan as Director          For       For        Management
7     Reelect David Wong Chin Huat as Director  For       For        Management
8     Reappoint Deloitte & Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Other Business (Voting)                   For       Against    Management
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
11    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Employees' Share
      Option Scheme


--------------------------------------------------------------------------------

COMMONWEALTH BANK OF AUSTRALIA

Ticker:                      Security ID:  AU000000CBA7
Meeting Date: OCT 31, 2003   Meeting Type: Annual
Record Date:  OCT 29, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect A B Daniels as Director             For       For        Management
2b    Elect W G Kent as Director                For       For        Management
2c    Elect F D  Ryan as Director               For       For        Management
2d    Elect F J Swan as Director                For       For        Management
2e    Elect S C Kay as Director                 For       For        Management
3     Approve Resolution by 104 Shareholders    Against   Against    Shareholder


--------------------------------------------------------------------------------

COMMONWEALTH PROPERTY OFFICE FUND

Ticker:                      Security ID:  AU000000CPA7
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of 25 Percent of the  For       For        Management
      Leasehold Interest in Grosvenor Place,
      225 George Street, Sydney
2     Ratify Past Issuance of New CPA Units Via For       For        Management
      a Placement to Professional Investors on
      June 24, 2003


--------------------------------------------------------------------------------

COMPUTERSHARE LIMITED

Ticker:                      Security ID:  AU000000CPU5
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Chairman's Address and the Presentation   None      None       Management
      by the Chief Executive Officer
2     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
3a    Elect P J Maclagan as Director            For       For        Management
3b    Elect A N Wales as Director               For       For        Management
3c    Elect T Butler as Director                For       For        Management
3d    Elect W E Ford as Director                For       For        Management
4     Approve Increase in the Remuneration of   For       For        Management
      Non-Executive Directors in the Amount of
      AUD750,000


--------------------------------------------------------------------------------

CONTACT ENERGY

Ticker:                      Security ID:  NZCENE0001S6
Meeting Date: FEB 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
2     Elect John Milne as Director              For       For        Management
3     Elect Bob Edgell as Director              For       For        Management
4     Elect Patrick Strange as Director         For       For        Management
5     Elect Tom McDaniel as Director            For       For        Management
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of NZ$ 770,000
7     Approve Financial Assistance in           For       For        Management
      Connection with Directors' Restricted
      Share Scheme
8     Approve Abolition of Retirement           For       For        Management
      Allowances
9     Approve Provision of Financial Assistance For       For        Management
      to Directors
10    Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

CREATIVE TECHNOLOGY LTD

Ticker:                      Security ID:  SG1A98006814
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Reelect Lee Kheng Nam as Director         For       For        Management
3     Approve Directors' Fees of SGD120,000     For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Declare Ordinary Dividend of $0.25 Per    For       For        Management
      Share
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Creative
      Technology (1999) Share Option Scheme
8     Approve Issuance of Shares Pursuant to    For       For        Management
      the 1999 Employee Share Purchase Plan
9     Authorize Share Repurchase Program        For       For        Management
10    Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

CSL LTD

Ticker:                      Security ID:  AU000000CSL8
Meeting Date: OCT 16, 2003   Meeting Type: Annual
Record Date:  OCT 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect Peter H Wade as Director            For       For        Management
2b    Elect Arthur C Webster as Director        For       For        Management
3     Renew Partial Takeover Provision          For       For        Management
4     Approval of Dividend Reinvestment Plan    For       For        Management
5     Approval of Performance Rights Plan       For       For        Management
6     Approval of the Issuance of Performance   For       For        Management
      Rights to Executive Directors


--------------------------------------------------------------------------------

CSR LTD.

Ticker:       CSRLY          Security ID:  AU000000CSR5
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:  JUN 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Elect Carolyn Hewson as Director          For       For        Management
2.2   Elect John Wylie as Director              For       For        Management
2.3   Elect Barry Jackson as Director           For       For        Management
2.4   Elect John Story as Director              For       For        Management
1.1   Amend Articles Re: Provision for Selling  For       For        Management
      of Non-Marketable Parcels of Shares
1.2   Amend Articles Re: Renewal of             For       For        Management
      Proportional Takeover Provisions for
      Another Three Years
1.3   Amend Articles Re: Variation of the       For       For        Management
      Number of Non-Executive Directors
      Required to Retire at Each AGM


--------------------------------------------------------------------------------

DATACRAFT ASIA LTD

Ticker:                      Security ID:  SG1A79009654
Meeting Date: FEB 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Reelect Patrick Keith Quarmby as Director For       For        Management
3     Reelect Ronald John Cattell as Director   For       For        Management
4     Reelect Lal Chandra Singh as Director     For       For        Management
5     Reappoint Frank Yung-Cheng Yung as        For       For        Management
      Director
6     Approve Payment of SGD 45,000 as          For       For        Management
      Additional Directors' Fees
7     Approve Directors' Fees of SGD 229,000    For       For        Management
      for the Financial Year Starting Oct. 1,
      2003 to Sept. 30, 2004
8     Reappoint Deloitte & Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2003
11    Approve Scrip Dividend Scheme             For       For        Management


--------------------------------------------------------------------------------

DBS GROUP HOLDINGS LTD. (FORMERLY DEVELOPMENT BANK OF SINGAPORE)

Ticker:                      Security ID:  SG1L01001701
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

DBS GROUP HOLDINGS LTD. (FORMERLY DEVELOPMENT BANK OF SINGAPORE)

Ticker:                      Security ID:  SG1L01001701
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Declare Final Dividend of SGD 0.16 Per    For       For        Management
      Ordinary Share
2b    Declare Final Dividend of SGD 0.16 Per    For       For        Management
      Non-Voting Convertible Preference Share
2c    Declare Final Dividend of SGD 0.16 Per    For       For        Management
      Non-Voting Redeemable Convertible
      Preference Share
3     Approve Directors' Fees of SGD 647,851    For       For        Management
      for the Year Ended Dec. 31, 2003
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5a    Reelect S. Dhanabalan as Director         For       For        Management
5b    Reelect Bernard Chen Tien Lap as Director For       For        Management
5c    Reelect Fock Siew Wah as Director         For       For        Management
5d    Reelect Kwa Chong Seng as Director        For       For        Management
5e    Reelect Narayana Murthy as Director       For       For        Management
5f    Reelect Frank Wong Kwong Shing as         For       For        Management
      Director
5g    Reappoint Thean Lip Ping as Director      For       For        Management
6a    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option Plan
6b    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Performance Share
      Plan
6c    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

ESPRIT HOLDINGS

Ticker:                      Security ID:  BMG3122U1291
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Approve Special Dividend                  For       For        Management
4     Reelect Directors                         For       For        Management
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

FISHER &  PAYKEL HEALTHCARE CORP (FRMLY FISHER & PAYKEL )

Ticker:                      Security ID:  NZFAPE0001S2
Meeting Date: AUG 7, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Lindsay Gillanders as Director      For       For        Management
2     Elect Colin Maiden as Director            For       For        Management
3     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
4     Approve Stock Option Plan Grant of up to  For       For        Management
      70,000 Options to Michael Daniell


--------------------------------------------------------------------------------

FISHER & PAYKEL APPLIANCES

Ticker:                      Security ID:  NZFPAE0001S2
Meeting Date: AUG 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Peter Lucas as Director             For       For        Management
2b    Elect Gary Paykel as Director             For       For        Management
2c    Elect Julian Williams as Director         For       For        Management
3     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
4a    Amend Articles Re: Takeovers Code         For       For        Management
4b    Amend Articles Re: Definition of Material For       For        Management
      Transaction With a Related Party


--------------------------------------------------------------------------------

FLETCHER BUILDING LTD. (FRMRLY. FLETCHER CHALLENGE BUILDING)

Ticker:       FLB.           Security ID:  NZFBUE0001S0
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  NOV 7, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect Roderick Sheldon Deane as Director  For       For        Management
1b    Elect Hugh Alasdair as Director           For       For        Management
1c    Elect Geoffrey James McGrath as Director  For       For        Management
2     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration
3     Ratify Past Issuance of 25 Million        For       For        Management
      Fletcher Building Ltd Ordinary Shares by
      Way of Private Placement for a Total
      Consideration of NZD102.5 Million
4     Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

FOSTER'S GROUP LTD (FORMERLY FOSTER'S BREWING GROUP LTD)

Ticker:       FBRWY          Security ID:  AU000000FGL6
Meeting Date: OCT 27, 2003   Meeting Type: Annual
Record Date:  OCT 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Lyndsey Cattermole as Director      For       For        Management
2     Approve Foster's Employee Share Plans     For       For        Management
3     Approve Foster's Long Term Incentive Plan For       For        Management
4     Approve The Participation of Edward T     For       For        Management
      Kunkel, President and CEO of the Company
      in the Foster's Long Term Incentive Plan


--------------------------------------------------------------------------------

FOSTER'S GROUP LTD (FORMERLY FOSTER'S BREWING GROUP LTD)

Ticker:       FBRWY          Security ID:  AU000000FGL6
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Further Share Repurchase        For       For        Management
      Program
2     Elect Maxwell G. Ould as Director         For       For        Management


--------------------------------------------------------------------------------

FRASER AND NEAVE, LIMITED

Ticker:                      Security ID:  SG1M29902574
Meeting Date: JUL 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Fraser & Neave Pro Rata Capital   For       For        Management
      Reduction
2     Approve Fraser & Neave Selective Capital  For       For        Management
      Reduction


--------------------------------------------------------------------------------

FRASER AND NEAVE, LIMITED

Ticker:                      Security ID:  SG1O43912722
Meeting Date: JAN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.30 Per    For       For        Management
      Share
3a    Reelect Michael Fam as Director           For       For        Management
3b    Reelect Lee Ek Tieng as Director          For       For        Management
3c    Reelect Ho TianYee as Director            For       For        Management
3d    Reelect Lee Tih Shih as Director          For       For        Management
3e    Reelect Nicky Tan Ng Kuang as Director    For       For        Management
4     Approve Directors' Fees of SGD 547,000    For       For        Management
      for the Year Ending Sept. 30, 2004
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme
8     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Executives' Share
      Option Scheme 1999
9     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

FUTURIS CORPORATION LTD.

Ticker:                      Security ID:  AU000000FCL5
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2.1   Elect A Salim as Director                 For       For        Management
2.2   Elect J C Fox as Director                 For       For        Management
2.3   Elect A L Newman as Director              For       For        Management
3     Approve Allotment of Options to L P       For       For        Management
      Wozniczka, Chief Executive Officer
4     Approve Allotment of Shares to L P        For       For        Management
      Wozniczka, Chief Executive Officer, in
      Lieu of Annual Incentive Payments if L P
      Wozniczka So Elects Under the Company's
      Employee Share Plan


--------------------------------------------------------------------------------

GENERAL PROPERTY TRUST

Ticker:                      Security ID:  AU000000GPT8
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Kenneth John Moss as Director       For       For        Management


--------------------------------------------------------------------------------

GIORDANO INTERNATIONAL LIMITED

Ticker:                      Security ID:  BMG6901M1010
Meeting Date: MAR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Ongoing Connected Transactions    For       For        Management
      with Placita Hldgs. Ltd. and Its
      Subsidiaries and Associates


--------------------------------------------------------------------------------

GIORDANO INTERNATIONAL LIMITED

Ticker:                      Security ID:  BMG6901M1010
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Approve Special Dividend                  For       For        Management
4     Reelect Director                          For       For        Management
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6d    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

HANG LUNG PROPERTIES LTD

Ticker:                      Security ID:  HK0101000591
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  NOV 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

HANG SENG BANK

Ticker:                      Security ID:  HK0011000095
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Directors                           For       For        Management
3     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
4     Appoint Managing Director                 For       For        Management
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights


--------------------------------------------------------------------------------

HARVEY NORMAN HOLDINGS LTD.

Ticker:                      Security ID:  AU000000HVN7
Meeting Date: NOV 25, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Dividend as Recommended by the    None      None       Management
      Board
3a    Elect Gerald Harvey as Director           For       For        Management
3b    Elect Raymond John Skippen as Director    For       For        Management
3c    Elect Stephen Patrick Hauville as         For       For        Management
      Director
4     Approve Remuneration of Directors in the  For       For        Management
      Amount of A$500,000 Per Annum
5     Approve Deferred Executive Incentive      For       For        Management
      Share Plan
6     Approve the Harvey Norman Executive       For       For        Management
      Option Plan
7a    Approve Issuance of 500,000 Fully Paid    For       For        Management
      Ordinary Shares to Gerald Harvey Under
      the Deferred Executive Incentive Share
      Plan
7b    Approve Issuance of 500,000 Fully Paid    For       For        Management
      Ordinary Shares to Kay Lesley Page Under
      the Deferred Executive Incentive Share
      Plan
7c    Approve Issuance of 650,000 Fully Paid    For       For        Management
      Ordinary Shares to Raymond John Skippen
      Under the Deferred Executive Incentive
      Share Plan
7d    Approve Issuance of 433,333 Fully Paid    For       For        Management
      Ordinary Shares to Stephen Patrick
      Hauville Under the Deferred Executive
      Incentive Share Plan
7e    Approve Issuance of 433,333 Fully Paid    For       For        Management
      Ordinary Shares to John Evyn Slack-Smith
      Under the Deferred Executive Incentive
      Share Plan
7f    Approve Issuance of 60,000 Fully Paid     For       For        Management
      Ordinary Shares to Arthur Bayly Brew
      Under the Deferred Executive Incentive
      Share Plan
8a    Approve Issuance of Three Million Options For       For        Management
      to Gerald Harvey
8b    Approve Issuance of Three Million Options For       For        Management
      to Kay Lesley Page
8c    Approve Issuance of 2.4 Million Options   For       For        Management
      to Raymond John Skippen
8d    Approve Issuance of 1.6 Million Options   For       For        Management
      to Stephen Patrick Hauville
8e    Approve Issuance of 1.6 Million Options   For       For        Management
      to John Evyn Slack-Smith
8f    Approve Issuance of 240,000 Options to    For       For        Management
      Arthur Bayly Brew


--------------------------------------------------------------------------------

HAW PAR CORPORATION

Ticker:                      Security ID:  SG1D25001158
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Second and Final Dividend of SGD  For       For        Management
      0.110 Per Share, Comprised of a Dividend
      and a Tax Exempt Dividend of SGD 0.049
      and SGD 0.061
3     Reelect Lim Kee Ming as Director          For       For        Management
4     Reelect Wee Cho Yaw as Director           For       For        Management
5     Reelect Lee Suan Yew as Director          For       For        Management
6     Reelect Hwang Soo Jin as Director         For       For        Management
7     Reelect Chng Hwee Hong as Director        For       For        Management
8     Reelect Reggie Thein as Director          For       For        Management
9     Reelect Wee Ee Chao as Director           For       For        Management
10    Approve Directors' Fees of SGD 202,000    For       For        Management
11    Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
12    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the 2002 Share Option
      Scheme
13    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

HENDERSON LAND DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0012000102
Meeting Date: DEC 1, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve New Share Option Scheme of        For       Against    Management
      Henderson China Hldgs. Ltd.


--------------------------------------------------------------------------------

HENDERSON LAND DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0012000102
Meeting Date: DEC 1, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividends of HK$0.45 Per Share    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
5d    Approve Increase in Authorized Capital if For       For        Management
      the Issuance of Shares Exceed HK$3.6
      Billion
6     Amend Articles Re: Technical Definitions  For       For        Management


--------------------------------------------------------------------------------

HONG KONG AND CHINA GAS CO. LTD.

Ticker:       HORCY          Security ID:  HK0003000038
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors                         For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Remuneration of Each Director at  For       For        Management
      HK$130,000 Per Annum and Approve an
      Additional HK$130,000 Per Annum for the
      Chairman
6a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6b    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6d    Amend Articles Re: Voting at General      For       For        Management
      Meetings, Nomination of Directors


--------------------------------------------------------------------------------

HONG KONG EXCHANGE

Ticker:                      Security ID:  HK0388009489
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.42 Per     For       For        Management
      Share
3     Approve Special Dividend of HK$1.68 Per   For       For        Management
      Share
4a    Elect John Estmond Strickland as Director For       For        Management
4b    Elect Wong Sai Hung, Oscar as Director    For       For        Management
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6d    Approve Fees Amounting to HK$100,000 to   For       For        Management
      be Given to Each of the Nonexecutive
      Directors
6e    Approve Repricing of Options              For       Against    Management
6f    Amend Articles Re: Technical Definitions  For       For        Management


--------------------------------------------------------------------------------

HONGKONG ELECTRIC HOLDINGS LTD.

Ticker:       HGKGY          Security ID:  HK0006000050
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$1.13 Per     For       For        Management
      Share
3a    Reelect Francis Lee Lan-yee as Director   For       For        Management
3b    Reelect Frank J. Sixt as Director         For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Approve Remuneration of Audit Committee   For       For        Management
      Members at an Amount of HK$50,000 Each
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Articles Re: Change to Existing     For       For        Management
      References and Definitions


--------------------------------------------------------------------------------

HOPEWELL HOLDINGS LTD.

Ticker:                      Security ID:  HK0054007841
Meeting Date: JUL 16, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Spin-Off of the Shares in         For       For        Management
      Hopewell Highway Infrastructure Ltd.
2     Approve Share Option Scheme of Hopewell   For       Against    Management
      Highway Infrastructure Ltd.


--------------------------------------------------------------------------------

HOPEWELL HOLDINGS LTD.

Ticker:                      Security ID:  HK0054007841
Meeting Date: OCT 21, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Option Plan Grants Under    For       For        Management
      the Existing Share Option Scheme to
      Gordon Ying Sheung Wu and Eddie Ping
      Chang Ho
2     Approve New Share Option Scheme and       For       Against    Management
      Termination of Existing Share Option
      Scheme


--------------------------------------------------------------------------------

HOPEWELL HOLDINGS LTD.

Ticker:                      Security ID:  HK0054007841
Meeting Date: OCT 21, 2003   Meeting Type: Annual
Record Date:  OCT 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

HUTCHISON WHAMPOA

Ticker:                      Security ID:  HK0013000119
Meeting Date: MAY 20, 2004   Meeting Type: Special
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Voting at Meetings,    For       For        Management
      Nomination of Directors, Material
      Interest of Directors in Contracts
      Entered into by the Company
1     Approve Share Option Scheme of Hutchison  For       Against    Management
      Harbour Ring Ltd.
2     Approve Share Option Scheme of Hutchison  For       Against    Management
      3G UK Hldgs. Ltd.
3     Approve Share Option Scheme of Hutchison  For       Against    Management
      3G Italia S.p.A.


--------------------------------------------------------------------------------

HUTCHISON WHAMPOA

Ticker:                      Security ID:  HK0013000119
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAY 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$1.22 Per     For       For        Management
      Share
3a    Elect Li Ka-shing as Director             For       For        Management
3b    Elect Frank John Sixt as Director         For       For        Management
3c    Elect George Colin Magnus as Director     For       For        Management
3d    Elect Michael David Kadoorie as Director  For       For        Management
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

HYSAN DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0014000126
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors                         For       For        Management
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

ILUKA RESOURCES LTD. (FORMERLY WESTRALIAN SANDS)

Ticker:                      Security ID:  AU000000ILU1
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Richard A Tastula as Director       For       For        Management
1.2   Elect Robert L Every as Director          For       For        Management
2     Approve Increase in the Remuneration of   For       For        Management
      Directors to AUD1.1 Million Per Annum


--------------------------------------------------------------------------------

INDEPENDENT NEWSPAPERS LTD.

Ticker:                      Security ID:  NZINLE0001S8
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Theresa Gattung as Director         For       For        Management
2b    Elect Robert William Bryden as Director   For       For        Management
2c    Elect Peter Jonh Macourt as Director      For       For        Management
2d    Elect Peter Floyd Wylie as Director       For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      KPMG as Auditors


--------------------------------------------------------------------------------

INDEPENDENT NEWSPAPERS LTD.

Ticker:                      Security ID:  NZINLE0001S8
Meeting Date: MAR 25, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve NZ$340 Million Pro Rata Return of For       For        Management
      Capital to Shareholders


--------------------------------------------------------------------------------

INSURANCE AUSTRALIA GROUP LTD(FORMERLY NRMA INSURANCE GROUP

Ticker:                      Security ID:  AU000000IAG3
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividend Reinvestment Plan        For       For        Management
2a    Ratify Past Issuance of 16,239,756 Shares For       For        Management
      at AUD 2.79 Per Share Pursuant to the
      Dividend Reinvestment Plan
2b    Ratify Past Issuance of 10,366,388 Shares For       For        Management
      at AUD 2.79 Per Share Pursuant to the
      Dividend Reinvestment Plan
3     Ratify Past Issuance of 2 Million Reset   For       For        Management
      Preference Shares at AUD 100 Per Share
4     Approve Grant of Performance Award Rights For       For        Management
      Of Up to 1.5 Million Rights to Michael
      Hawker, Chief Executive Officer
5     Amend Constitution Re: Regulatory Changes For       Against    Management
6     Amend Constitution Re: Adoption of New    For       Against    Management
      Preference Share Terms
7     Elect Neil Hamilton as Director           For       For        Management
8     Elect James Strong as Director            For       For        Management


--------------------------------------------------------------------------------

INVESTA PROPERTY GROUP (FORMERLY WESTPAC PROPERTY TRUST)

Ticker:                      Security ID:  AU000000IPG1
Meeting Date: OCT 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect S Mays as Director                  For       For        Management
2     Approve Increase in the Remuneration of   For       For        Management
      Directors by AUD400,000 to a Total of
      AUD1 Million


--------------------------------------------------------------------------------

JAMES HARDIE INDUSTRIES NV

Ticker:                      Security ID:  AU000000JHX1
Meeting Date: AUG 15, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Reelect M. Hellicar to Supervisory and    For       For        Management
      Joint Boards
2.2   Reelect M. Gillfillan to Supervisory and  For       For        Management
      Joint Boards
2.3   Elect P. Cameron to Supervisory and Joint For       For        Management
      Boards
2.4   Elect D.G. McGauchie to Supervisory and   For       For        Management
      Joint Boards
3     Authorize Cameron and McGauchie to        For       For        Management
      Participate in Supervisory Board Stock
      Purchase Plan
4     Elect F. Zwinkels to Management Board     For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Authorize US$48.4 Million Capitalization  For       For        Management
      of Reserves for an Increase in Par Value
      to Allow for Return of Capital to
      Shareholders (Item 7)
7     Approve Reduction in Capital via Lowering For       For        Management
      of Par Value by US$0.15 Per Share; Return
      Capital in the Aggregate Amount of
      US$48.4 to Shareholders
8     Authorize Members of Joint and Management For       For        Management
      Boards and De Brauw Blackstone Westbroek
      N.V. to Make Editorial Changes to Adopted
      Resolutions in Connection with
      Registration with Dutch Authorities


--------------------------------------------------------------------------------

JARDINE CYCLE & CARRIAGE LTD(FORMERLY CYCLE & CARRIAGE LTD)

Ticker:                      Security ID:  SG1B51001017
Meeting Date: NOV 27, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Change in Company Name to Jardine For       For        Management
      Cycle & Carriage Ltd.


--------------------------------------------------------------------------------

JARDINE CYCLE & CARRIAGE LTD(FORMERLY CYCLE & CARRIAGE LTD)

Ticker:                      Security ID:  SG1B51001017
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of $0.07 Per Share For       For        Management
3     Approve Directors' Fees of SGD 576,000    For       For        Management
      for the Year Ending Dec. 31, 2004
4a    Reelect Philip Eng Heng Nee as Director   For       For        Management
4b    Reelect Chang See Hiang as Director       For       For        Management
4c    Reelect Hassan Abas as Director           For       For        Management
5     Reelect James Watkins as Director         For       For        Management
6a    Reelect Alan Yeo Chee Yeow as Director    For       For        Management
6b    Reelect Owen Phillimore Howell-Price as   For       For        Management
      Director
7     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management
9a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
9b    Authorize Share Repurchase Program        For       For        Management
9c    Approve Mandate for Transactions with     For       For        Management
      Related Parties
9d    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme 2000
9e    Approve Scrip Dividend Scheme             For       For        Management


--------------------------------------------------------------------------------

JOHN FAIRFAX HOLDINGS LTD.

Ticker:                      Security ID:  AU000000FXJ5
Meeting Date: OCT 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Mark Burrows as Director            For       For        Management
2     Elect Roger Corbett as Director           For       For        Management
3     Elect David Gonski as Director            For       For        Management
4     Elect Margaret Jackson as Director        For       For        Management
5     Elect Ronald Walker as Director           For       For        Management
6     Approve Issuance of 110.25 Million        For       For        Management
      Ordinary Shares for a Private Placement
7     Approve the Terms of Dividend             For       For        Management
      Reinvestment Plan


--------------------------------------------------------------------------------

JOHNSON ELECTRIC HOLDINGS LTD.

Ticker:                      Security ID:  BMG5150J1403
Meeting Date: JUL 21, 2003   Meeting Type: Annual
Record Date:  JUL 16, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.09 Per     For       For        Management
      Share
3     Reelect Directors                         For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6     Fix Maximum Board Size at 15 and          For       For        Management
      Authorize Directors to Elect or Appoint
      Additional Directors Up to the Maximum
      Number
7a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
7b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

KEPPEL CORPORATION LTD

Ticker:                      Security ID:  SG1E04001251
Meeting Date: APR 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Distribution to           For       For        Management
      Shareholders of SGD 0.18 in Cash for
      Every Share Held


--------------------------------------------------------------------------------

KEPPEL CORPORATION LTD

Ticker:                      Security ID:  SG1E04001251
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.11 Per    For       For        Management
      Share
3     Reelect Choo Chiau Beng as Director       For       For        Management
4     Reelect Lim Hock San as Director          For       For        Management
5     Reelect Lee Soo Ann Tsao Yuan as Director For       For        Management
6     Reelect Leung Chun Ying as Director       For       For        Management
7     Approve Directors' Fees of SGD 492,000    For       For        Management
8     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
9     Authorize Share Repurchase Program        For       For        Management
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
11    Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

KEPPEL CORPORATION LTD

Ticker:                      Security ID:  SG1E04001251
Meeting Date: MAY 26, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Reduction of SGD 110      For       For        Management
      Million and a Maximum of Up to SGD 32.16
      Million Standing to the Credit of the
      Company's Special Reserve Account and
      Share Premium Account, Respectively,
      Which is to be Effected by a Cash
      Distribution to Shareholders


--------------------------------------------------------------------------------

KEPPEL LAND LTD. (FORMERLY STRAITS STEAMSHIP LAND)

Ticker:                      Security ID:  SG1R31002210
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Dividends                         For       For        Management
3     Reelect Ian Yam Pin as Director           For       For        Management
4     Reelect Niam Chiang Meng as Director      For       For        Management
5     Reelect Kevin Wong Kingcheung as Director For       For        Management
6     Reelect Thai Chee Ken as Director         For       For        Management
7     Reelect Khor Poh Hwa as Director          For       For        Management
8     Approve Directors' Fees of SGD 236,268    For       For        Management
      for the Year Ended Dec. 31, 2003
9     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
11    Approve Mandate for Transactions with     For       For        Management
      Related Parties
12    Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

KEPPEL LAND LTD. (FORMERLY STRAITS STEAMSHIP LAND)

Ticker:                      Security ID:  SG1R31002210
Meeting Date: APR 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

KERRY PROPERTIES

Ticker:                      Security ID:  BMG524401079
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Master Agreement                  For       For        Management
2     Adopt Company's Chinese Name              For       For        Management
3     Adopt New Bylaws                          For       For        Management


--------------------------------------------------------------------------------

KINGBOARD CHEMICAL HOLDINGS LTD

Ticker:                      Security ID:  KYG525621085
Meeting Date: JUN 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Shirai Supply Agreement and       For       For        Management
      Annual Caps


--------------------------------------------------------------------------------

LEIGHTON HOLDINGS LTD.

Ticker:                      Security ID:  AU000000LEI5
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:  NOV 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Elect A Drescher as Director              For       For        Management
2.2   Elect I R Johnson as Director             For       For        Management
2.3   Elect D A Mortimer as Director            For       For        Management


--------------------------------------------------------------------------------

LEND LEASE CORPORATION LTD.

Ticker:                      Security ID:  AU000000LLC3
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect J. E. Curin as Director             For       For        Management
3     Elect G. G. Edington as Director          For       For        Management
4     Elect P. C. Goldmark as Director          For       For        Management
5     Elect R. A. Longes as Director            For       For        Management
6     Renew Partial Takeover Provision          For       For        Management
7     Approve Renewal of Non-Executive          For       For        Management
      Directors' Share Ownership Plan
8     Approve Market Share Buyback              For       For        Management


--------------------------------------------------------------------------------

LI & FUNG

Ticker:                      Security ID:  BMG5485F1445
Meeting Date: SEP 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Remaining Interest For       For        Management
      in International Sourcing Group LLC. for
      a Total Consideration of $5.2 Million to
      be Satisfied by the Issuance of 3.8
      Million New Shares of HK$0.025 Each


--------------------------------------------------------------------------------

LI & FUNG

Ticker:                      Security ID:  BMG5485F1445
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.25 Per     For       For        Management
      Share
3a    Reelect Danny Lau Sai Wing as Executive   For       For        Management
      Director
3b    Reelect Annabella Leung Wai Ping as       For       For        Management
      Executive Director
3c    Reelect Paul Edward Selway-Swift as       For       For        Management
      Independent Non-Executive Director
4     Approve Remuneration of All Directors at  For       For        Management
      HK$80,000 and Additional Remuneration of
      HK$50,000 for Non-Executive Directors
      Serving on the Audit Committee
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Bylaws Re: Voting at General        For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

LION NATHAN LTD.

Ticker:                      Security ID:  AU000000LNN6
Meeting Date: DEC 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2a    Elect Naomichi Asano as Director          For       For        Management
2b    Elect Glenn Lawrence Lord Barnes as       For       For        Management
      Director
2c    Elect Hitoshi Oshima as Director          For       For        Management
2d    Elect Yasuhiro Satoh as Director          For       For        Management
2e    Elect Barbara Kay Ward as Director        For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of NZ$ 900,000


--------------------------------------------------------------------------------

MACQUARIE BANK LTD

Ticker:                      Security ID:  AU000000MBL3
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Barrie Martin as Director           For       For        Management
3     Elect Kevin McCann as Director            For       For        Management
4     Elect Laurie Cox as Director              For       For        Management
5     Elect John Niland as Director             For       For        Management
6     Elect Peter Kirby as Director             For       For        Management
7     Approve Increase in Maximum Aggregate     For       For        Management
      Remuneration of Voting Directors in the
      Amount of AUD 1.6 Million


--------------------------------------------------------------------------------

MACQUARIE GOODMAN INDUSTRIAL TRUST(FORMERLY GOODMAN HARDIE I

Ticker:                      Security ID:  AU000000MGI8
Meeting Date: OCT 27, 2003   Meeting Type: Annual
Record Date:  OCT 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Past Issuance of 109.27 Million    For       For        Management
      MGI Units in Apr. 2003
2     Ratify Past Issuance of 43.38 Million MGI For       For        Management
      Units in Sept. 2003
3     Approve Issuance of 13.89 Million MGI     For       For        Management
      Units to Goodman Holdings
4     Approve Issuance of MGI Units to          For       For        Management
      Underwriters of the Dividend Reinvestment
      Plan


--------------------------------------------------------------------------------

MACQUARIE INFRASTRUCTURE GROUP  (INFRASTRUCTURE TRUST OF AUSTRAL

Ticker:                      Security ID:  AU000000MIG8
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Ratification of the Issue of      For       For        Management
      Conversion Rights in the Form of Options
2     Approve Issue of Fully-Paid Securities    For       For        Management
3     Amend Constitution RE: Distribution and   For       For        Management
      Dividend Reinvestment Plan
1     Approve Ratification of the Issue of      For       For        Management
      Conversion Rights in the Form of Options
2     Approve Issue of Fully-Paid Securities    For       For        Management
3     Amend Constitution RE: Distribution and   For       For        Management
      Dividend Reinvestment Plan
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect John Poulter as Director            For       For        Management
3     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Stock Dividend Program            For       For        Management
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 780,743,788
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 780,743,788
7     Approve Issue of Fully-Paid Securities    For       For        Management


--------------------------------------------------------------------------------

MAYNE GROUP LTD (FORMERLY MAYNE NICKLESS LIMITED )

Ticker:       MAYNY          Security ID:  AU000000MAY8
Meeting Date: MAR 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Buyback of up to 180 Million      For       For        Management
      Ordinary Shares


--------------------------------------------------------------------------------

MAYNE GROUP LTD (FORMERLY MAYNE NICKLESS LIMITED )

Ticker:       MAYNY          Security ID:  AU000000MAY8
Meeting Date: NOV 10, 2003   Meeting Type: Annual
Record Date:  NOV 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect Peter Barnett as Director           For       For        Management
3     Elect Rowan Russel as Director            For       For        Management
4     Renew Partial Takeover Provision          For       For        Management
5     Approve Stock Option Plan Grant to S B    For       For        Management
      James


--------------------------------------------------------------------------------

MIRVAC GROUP

Ticker:                      Security ID:  AU000000MGR9
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:  NOV 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Anna Buduls as Director             For       For        Management
2     Elect Barry Nell as Director              For       For        Management
3     Elect Robert Webster as Director          For       For        Management
4     Approve Distribution Reinvestment Plan    For       For        Management
5     Ratify Past Issuance of 49.75 Million     For       For        Management
      Fully Paid Ordinary Mirvac Group Stapled
      Securities on Feb. 18, 2003
6     Approve Increase in the Remuneration of   For       For        Management
      Non-Executive Directors to AUD600,000 Per
      Annum
7     Approve the Participation of Barry H R    For       For        Management
      Neri, Executive Director, in the Employee
      Incentive Scheme
8     Approve the Participation of Dennis J     For       For        Management
      Broil, Execuitve Director, in the
      Employee Incentive Scheme


--------------------------------------------------------------------------------

MTR CORP

Ticker:                      Security ID:  HK0066009694
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  MAY 28, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Final Dividend of HK$0.28 Per     For       Did Not    Management
      Share                                               Vote
3a    Reelect Chow Chung Kong as Director       For       Did Not    Management
                                                          Vote
3b    Reelect Christine Fang Meng Sang as       For       Did Not    Management
      Director                                            Vote
3c    Reelect Raymond Ch'ien Kuo Fung as        For       Did Not    Management
      Director                                            Vote
3d    Reelect David Gordon Eldon as Director    For       Did Not    Management
                                                          Vote
4     Reappoint KPMG as Auditors and Authorize  For       Did Not    Management
      Board to Fix Their Remuneration                     Vote
5     Approve Issuance of Equity or             For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       Did Not    Management
      Issued Capital                                      Vote
7     Authorize Reissuance of Repurchased       For       Did Not    Management
      Shares                                              Vote
8     Amend Articles of Association to Reflect  For       Did Not    Management
      Recent Amendments to the Rules Governing            Vote
      the Listing of Securities on The Stock
      Exchange of Hong Kong Limited and the
      Companies Ordinance


--------------------------------------------------------------------------------

NEPTUNE ORIENT LINES

Ticker:                      Security ID:  SG1F90001388
Meeting Date: APR 20, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reduction in Authorized Capital   For       For        Management
      Through the Cancellation of Unissued
      Nonvoting Participative Redeemable
      Nonconvertible Preference Shares
2     Amend Articles 5 and 7A of the Articles   For       For        Management
      of Association of the Company
3     Amend Articles of Association             For       For        Management
4     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
5     Amend Share Option Plan                   For       Against    Management
6     Approve Performance Share Plan 2004       For       For        Management
7     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

NEPTUNE ORIENT LINES

Ticker:                      Security ID:  SG1F90001388
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.038 Per   For       For        Management
      Share
3     Approve Nonexecutive Directors' Fees of   For       For        Management
      SGD 1.32 Million
4     Reelect Cheng Wai Keung as Director       For       For        Management
5     Reelect Lim How Teck as Director          For       For        Management
6     Reelect Yasumasa Mizushima as Director    For       For        Management
7     Reelect Ang Kong Hua as Director          For       For        Management
8     Reelect Willie Cheng Jue Hiang as         For       For        Management
      Director
9     Reelect David Lim Tik En as Director      For       For        Management
10    Reelect Gan Chee Yen as Director          For       For        Management
11    Reelect Robert Holland Jr. as Director    For       For        Management
12    Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
13    Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

NEW WORLD DEVELOPMENT CO. LTD.

Ticker:                      Security ID:  HK0017000149
Meeting Date: MAR 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Approve Rights Issue of New Shares of     For       For        Management
      HK$1 Each in the Proportion of Two Rights
      Shares for Every Five Shares Held by
      Shareholders


--------------------------------------------------------------------------------

NEWCREST MINING LTD.

Ticker:                      Security ID:  AU000000NCM7
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:  OCT 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Mick O'Leary as Director            For       For        Management
2b    Elect Ian Johnson as Director             For       For        Management
2c    Elect Bryan Davis as Director             For       For        Management
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 200,000 From AUD 800,000 to AUD 1
      Million


--------------------------------------------------------------------------------

NEWS CORPORATION LTD.

Ticker:       NWS            Security ID:  AU000000NCP0
Meeting Date: OCT 15, 2003   Meeting Type: Annual
Record Date:  OCT 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Lachlan Murdoch as Director         For       For        Management
2     Elect Thomas Perkins as Director          For       For        Management
3     Elect Stanley Shuman as Director          For       For        Management
4     Elect Arthur Siskind as Director          For       For        Management
5     Approve Stock Option Plan Grants to       For       For        Management
      Executive Directors
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of Up to AUD 1.85 Million


--------------------------------------------------------------------------------

NGC HOLDINGS LTD.

Ticker:                      Security ID:  NZNCHE0001S9
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect R. G. Bettle as Director            For       For        Management
1b    Elect G. J. Hayes as Director             For       For        Management
1c    Elect M. R. Harper as Director            For       For        Management
2     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of NZ$ 100,000 from NZ$ 300,000 to NZ$
      400,000 Per Annum
4     Amend Constitution Re: Provision of       For       For        Management
      Director's Retirement Allowances
5     Approve Arrangement Relating to the       For       For        Management
      Return of NZ$ 525 Million of Capital to
      Shareholders


--------------------------------------------------------------------------------

ONESTEEL

Ticker:                      Security ID:  AU000000OST6
Meeting Date: NOV 17, 2003   Meeting Type: Annual
Record Date:  NOV 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect N J Roach as Director               For       For        Management
2b    Elect P J Smedley as Director             For       For        Management
3     Approve Increase in the Remuneration of   For       For        Management
      Directors from AUD1 Million to AUD1.3
      Million Per Annum


--------------------------------------------------------------------------------

ORICA LTD. (FORMERLY ICI AUSTRALIA)

Ticker:                      Security ID:  AU000000ORI1
Meeting Date: DEC 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Catherine Walter as Director        For       For        Management
2b    Elect Peter Kirby as Director             For       For        Management
2c    Elect Michael Tilley as Director          For       For        Management


--------------------------------------------------------------------------------

ORIGIN ENERGY LIMITED

Ticker:                      Security ID:  AU000000ORG5
Meeting Date: OCT 16, 2003   Meeting Type: Annual
Record Date:  OCT 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect Helen M Nugent as Director          For       For        Management
2b    Elect H Kevin McCann as Director          For       For        Management
2c    Elect Bruce G Beeren as Director          For       For        Management
2d    Elect Colin B Carter as Director          For       For        Management
3     Approve Stock Option Plan Grant of Up to  For       For        Management
      One Million Ordinary Shares to Grant A
      King, Managing Director
4     Approve Stock Option Plan Grant of Up to  For       For        Management
      550,000 Ordinary Shares to Bruce G
      Beeren, Executive Director
5     Approve Increase in Remuneration of       For       For        Management
      Directors in the Amount of AUD 300,000 to
      AUD 950,000 Per Annum
6     Amend Articles Re: Proportional Takeover  For       For        Management
      Bids


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 15, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
      and Approve Alterations to the Articles
      of Association
2     Approve Preference Share Issue Mandate    For       For        Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Reelect Lee Seng Wee as Director          For       For        Management
2b    Reelect Michael Wong Pakshong as Director For       For        Management
2c    Reelect Cheong Choong Kong as Director    For       For        Management
2d    Reelect Fong Weng Phak as Director        For       For        Management
2e    Reelect David Wong Cheong Fook as         For       For        Management
      Director
3     Declare Final Dividend of SGD 0.12 Per    For       For        Management
      Share
4     Approve Directors' Fees of SGD 625,000    For       For        Management
      for 2003
5     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
6b    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme 1994
6c    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
6d    Approve Conversion of the Ordinary Shares For       For        Management
      into Stock Units Transferable in Amounts
      and Multiples of SGD1.00 Each
6e    Amend Articles of Association             For       For        Management
7     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Voluntary Offer for All the       For       Did Not    Management
      Ordinary Shares Held in Great Eastern               Vote
      Holdings Ltd., and Approve Issuance of
      the Company's New Ordinary Shares
2     Approve Increase in Authorized Capital,   For       Did Not    Management
      Alterations to the Articles of                      Vote
      Association, and Issuance of Class H
      Preference Shares
3     Approve Selective Capital Reduction       For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: JUL 28, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reduction in Stated Capital and   For       For        Management
      Share Premium Account


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Employee Share Purchase Plan      For       For        Management


--------------------------------------------------------------------------------

OVERSEAS UNION ENTERPRISE LTD.

Ticker:                      Security ID:  SG1N99002122
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend                    For       For        Management
3     Approve Directors' Fees of SGD 435,000    For       For        Management
4a    Reelect Wee Cho Yaw as Director           For       For        Management
4b    Reelect Lim Boon Kheng as Director        For       For        Management
5a    Reelect Margaret Lien Wen Hsien as        For       For        Management
      Director
5b    Reelect Kua Hong Pak as Director          For       For        Management
6     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
7     Other Business (Voting)                   For       Against    Management
8     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

PAPERLINX LIMITED

Ticker:                      Security ID:  AU000000PPX1
Meeting Date: OCT 23, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect D G Abotomey as Director            For       For        Management
2b    Elect A F Guy as Director                 For       For        Management
2c    Elect P R Waterworth as Director          For       For        Management
3     Ratify Past Issuance of Shares            For       For        Management
4a    Amend Articles Re: Three Year Terms for   For       For        Management
      Directors
4b    Amend Articles Re: Approval of Partial    For       For        Management
      Takeover Bids
4c    Amend Articles Re: Sale of Non-Marketable For       For        Management
      Parcels of Shares


--------------------------------------------------------------------------------

PARKWAY HOLDINGS LTD.

Ticker:                      Security ID:  SG1R90002267
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.04 Per    For       For        Management
      Share
3a    Reelect Tony Tan Choon Keat as Director   For       For        Management
3b    Reelect Ho Kian Guan as Director          For       For        Management
3c    Reelect Sunil Chandiramani as Director    For       For        Management
4     Reappoint Prathap Reddy as Director       For       For        Management
5     Approve Directors' Fees of SGD 550,000    For       For        Management
      for the Year 2003
6     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
7a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7b    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

PARKWAY HOLDINGS LTD.

Ticker:                      Security ID:  SG1R90002267
Meeting Date: MAR 31, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

PATRICK CORPORATION LTD.  (FRMRLY. LANG CORPORATION)

Ticker:                      Security ID:  AU000000PRK4
Meeting Date: FEB 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect Peter Scanlon as Director           For       For        Management
2b    Elect Edwin John Cloney as Director       For       For        Management
2c    Elect Geoff Carmody as Director           For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 500,000
4     Approve Subdivision of Existing Ordinary  For       For        Management
      Share Capital Into Three Shares Effective
      Feb. 12, 2004


--------------------------------------------------------------------------------

PATRICK CORPORATION LTD.  (FRMRLY. LANG CORPORATION)

Ticker:                      Security ID:  AU000000PRK4
Meeting Date: DEC 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of up to 3.25 Million    For       For        Management
      Convertible Notes at an Issue price of
      A$100 Each


--------------------------------------------------------------------------------

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  HK0008011667
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Reelect Li Tzar Kai, Richard as Director  For       For        Management
2b    Reelect So Chak Kwong, Jack as Director   For       For        Management
2c    Reelect Alexander Anthony Arena as        For       For        Management
      Director
2d    Reelect Li Kwok Po, David as Director     For       For        Management
2e    Reelect Roger Lobo as Director            For       For        Management
2f    Reelect Aman Mehta as Director            For       For        Management
2g    Authorize Board to Fix Their Remuneration For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Termination of Existing Share     For       Against    Management
      Option Scheme and Adopt New Share Option
      Scheme
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


--------------------------------------------------------------------------------

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  HK0008011667
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of Interest-Bearing Loans    For       For        Management
      Worth Approximately HK$3.5 Billion, the
      Queen's Road Exchange and the Entire
      Issued Capital of Ipswich Hldgs. Ltd. to
      Dong Fang Gas Hldgs. Ltd.


--------------------------------------------------------------------------------

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  HK0008011667
Meeting Date: MAY 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cancellation of Share Premium     For       For        Management
      Account to Offset Accumulated Losses of
      Approximately HK$152 Billion and Transfer
      the Balance of HK$21.5 Billion to a
      Special Reserve Account


--------------------------------------------------------------------------------

PUBLISHING AND BROADCASTING LTD.

Ticker:                      Security ID:  AU000000PBL6
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect John Alexander as Director          For       For        Management
2b    Elect Graham Cubbin as Director           For       For        Management
2c    Elect Richard Turner as Director          For       For        Management
2d    Elect Laurence Muir as Director           For       For        Management
3     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 650,000 from AUD 350,000 to AUD 1
      Million


--------------------------------------------------------------------------------

QBE INSURANCE GROUP LTD.

Ticker:                      Security ID:  AU000000QBE9
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect L. F. Bleasel as Director           For       For        Management
2b    Elect N. F. Greiner as Director           For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 2.2 Million Per Annum
4     Amend Constitution Re: Non-Executive      For       For        Management
      Directors' Retirement Allowances
5     Approve Issue of Conditional Rights and   For       For        Management
      Options Under the Senior Executive Equity
      Scheme to F. M. O'Halloran, Chief
      Executive Officer


--------------------------------------------------------------------------------

RINKER GROUP LTD

Ticker:                      Security ID:  AU000000RIN3
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Elect Marshall Criser as Director         For       For        Management
2.2   Elect John Arthur as Director             For       For        Management
2.3   Elect Walter Revell as Director           For       For        Management
2.4   Elect David Clarke as Director            For       For        Management


--------------------------------------------------------------------------------

RIO TINTO LTD. (FORMERLY CRA LTD.)

Ticker:                      Security ID:  AU000000RIO1
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Renewal of Share Buy-Back         For       For        Management
      Authorities
2     Approve Adoption of Executive Incentive   For       For        Management
      Plans (Mining Companies Comparative Plan
      2004 and Share Option Plan 2004)
3     Approve Awards to Directors Under         For       For        Management
      Executive Incentive and Share Savings
      Plans
4     Elect John Kerr as Director               For       For        Management
5     Elect Leigh Clifford as Director          For       For        Management
6     Elect Guy Elliot as Director              For       For        Management
7     Elect Richard Sykes as Director           For       For        Management
8     Elect Richard Giordano as Director        For       For        Management
9     Approve the Remuneration Report as Set    For       For        Management
      Out in the 2003 Annual Review and the
      2003 Annual Report and Financial
      Statements
10    Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
11    Approve the Company's Financial           For       Abstain    Management
      Statements, the Report of the Directors
      and the Report of the Auditors in the
      Year Ended Dec. 31, 2003


--------------------------------------------------------------------------------

SANTOS LTD.

Ticker:       STOSY          Security ID:  AU000000STO6
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2.1   Elect Richard Michael Harding as Director For       For        Management
2.2   Elect Judith Sloan as Director            For       For        Management
2.3   Elect Stephen Gerlach as Director         For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 1.5 Million Per Annum


--------------------------------------------------------------------------------

SCMP GROUP LTD. (FRMRLY. SOUTH CHINA MORNING POST)

Ticker:                      Security ID:  BMG7867B1054
Meeting Date: MAY 24, 2004   Meeting Type: Annual
Record Date:  MAY 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Authorize Board to  For       For        Management
      Fix Their Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Amend Bylaws                              For       For        Management
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

SEMBCORP INDUSTRIES LIMITED

Ticker:                      Security ID:  SG1G26864940
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.05 Per    For       For        Management
      Share
3     Reelect K Shanmugam as Director           For       For        Management
4     Reelect Goh Geok Ling as Director         For       For        Management
5     Reelect Richard Hale as Director          For       For        Management
6     Reelect Yong Ying-I as Director           For       For        Management
7     Reelect Vichit Suraphongchai as Director  For       For        Management
8     Reappoint Tetsuro Kawakami as Director    For       For        Management
9     Approve Directors' Fees of SGD 675,321    For       For        Management
      for the Year Ended Dec. 31, 2003
10    Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
12    Approve Mandate for Transactions with     For       For        Management
      Related Parties
13    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option Plan
      and Performance Share Plan and Restricted
      Stock Plan


--------------------------------------------------------------------------------

SEMBCORP LOGISTICS LTD (FRM.SEMBAWANG MARITIME LTD.)

Ticker:                      Security ID:  SG1J98892651
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.0275 Per  For       For        Management
      Share
3     Reelect Barry Desker as Director          For       For        Management
4     Reelect Klaus Herms as Director           For       For        Management
5     Reelect Lim Kok Hoong, Steven as Director For       For        Management
6     Approve Directors' Fees of SGD 284,000    For       For        Management
      for the Year Ended Dec. 31, 2003
7     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
8     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
9     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Plan, the Performance Share Plan and the
      Restricted Stock Plan
10    Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

SEMBCORP MARINE LTD (FRM.JURONG SHIPYARD LTD.)

Ticker:                      Security ID:  SG1H97877952
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.01 Per    For       For        Management
      Share and Special Dividend of SGD 0.025
      Per Share
3     Reelect Wong Kok Siew as Director         For       For        Management
4     Reelect Tan Pheng Hock as Director        For       For        Management
5     Reelect Tan Tew Han as Director           For       For        Management
6     Reelect Ajaib Haridass as Director        For       For        Management
7     Approve Directors' Fees of SGD 332,332    For       For        Management
      for the Year Ended Dec. 31, 2003
8     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Mandate for Transactions with     For       For        Management
      Related Parties
11    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Plan, the Performance Share Plan and the
      Restricted Stock Plan


--------------------------------------------------------------------------------

SHANGRI-LA-ASIA LTD.

Ticker:                      Security ID:  BMG8063F1068
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:  JUN 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Master Agreement                  For       For        Management


--------------------------------------------------------------------------------

SHANGRI-LA-ASIA LTD.

Ticker:                      Security ID:  BMG8063F1068
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAY 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.08 Per     For       For        Management
      Share
3a    Reelect Giovanni Angelini as Director     For       For        Management
3b    Reelect Lui Man Shing as Director         For       For        Management
3c    Reelect Ho Kian Guan as Director          For       For        Management
3d    Reelect Roberto V. Ongpin as Director     For       For        Management
3e    Reelect Timothy David Dattels as Director For       For        Management
4     Fix Remuneration of Directors Including   For       For        Management
      Fees Payable to Members of the Audit and
      Remuneration Committees
5     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Amend Bylaws Re: Voting at General        For       For        Management
      Meetings, Nomination of Directors,
      Material Interest of Directors in
      Contracts Entered into by the Company,
      Electronic Communication


--------------------------------------------------------------------------------

SINGAPORE AIRLINES LIMITED

Ticker:                      Security ID:  SG1H95001506
Meeting Date: JUL 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Authorize Share Repurchase Program        For       For        Management
4     Amend Employee Share Option Plan          For       Against    Management
5     Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

SINGAPORE AIRLINES LIMITED

Ticker:                      Security ID:  SG1H95001506
Meeting Date: JUL 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.09 Per    For       For        Management
      Share
3     Elect Brian Pitman as Director            For       For        Management
4a    Reelect Fock Siew Wah as Director         For       For        Management
4b    Reelect Ho Kwon Ping as Director          For       For        Management
5     Reelect Chew Choon Seng as Director       For       For        Management
6     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
7     Approve Directors' Fees of SGD 571,000    For       For        Management
      for the Year Ended Mar. 31, 2003
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SINGAPORE EXCHANGE LTD.

Ticker:                      Security ID:  SG1J26887955
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Reelect Hsieh Fu Hua as Director          For       For        Management
2b    Reelect Tang Wee Loke as Director         For       For        Management
3a    Reelect Joseph Yuvaraj Pillay as Director For       For        Management
3b    Reelect Richard Gnodde as Director        For       For        Management
4a    Appoint Ng Kee Choe as Director           For       For        Management
4b    Appoint Loh Boon Chye as Director         For       For        Management
5     Appoint Geoffrey Wong as Director         For       For        Management
6     Approve Directors' Fees of SGD 370,100    For       For        Management
7     Declare Gross Final Dividend of SGD 0.035 For       For        Management
      Per Share
8     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme


--------------------------------------------------------------------------------

SINGAPORE EXCHANGE LTD.

Ticker:                      Security ID:  SG1J26887955
Meeting Date: OCT 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Declare Special Dividend of SGD 0.27 Per  For       For        Management
      Share
4     Approve Proposed Modification to Rule     For       For        Management
      11.1 of the SGX Share Option Plan
5     Approve Proposed Modification to Rule     For       For        Management
      7.3(b)of the SGX Share Option Plan


--------------------------------------------------------------------------------

SINGAPORE LAND LTD.

Ticker:                      Security ID:  SG1S69002321
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.125 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 294,500    For       For        Management
      for the Year Ended Dec. 31, 2003
4a    Reelect James Go as Director              For       For        Management
4b    Reelect Lance Gokongwei as Director       For       For        Management
4c    Reelect Gwee Lian Kheng as Director       For       For        Management
4d    Reelect Pang Cheng Lian as Director       For       For        Management
5a    Reelect Wee Cho Yaw as Director           For       For        Management
5b    Reelect John Gokongwei, Jr. as Director   For       For        Management
5c    Reelect Tan Boon Teik as Director         For       For        Management
5d    Reelect Gabriel Singson as Director       For       For        Management
6     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SINGAPORE PRESS HOLDINGS LTD.

Ticker:                      Security ID:  SG1G28865390
Meeting Date: MAY 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Subdivision of Shares, the    For       For        Management
      Reduction of Capital and the Cash
      Distribution to Shareholders


--------------------------------------------------------------------------------

SINGAPORE PRESS HOLDINGS LTD.

Ticker:                      Security ID:  SG1G28865390
Meeting Date: DEC 5, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.50 Per    For       For        Management
      Share, and a Special Dividend of SGD 0.30
      Per Share
3a    Reelect Lim Chin Beng as Director         For       For        Management
3b    Reelect Michael Fam Yue Onn as Director   For       For        Management
3c    Reelect Lee Ek Tieng as Director          For       For        Management
3d    Reelect Tang I-Fang as Director           For       For        Management
4     Reelect Ngiam Tong Dow as Director        For       For        Management
5a    Elect Philip Pillai as Director           For       For        Management
5b    Elect Sum Soon Lim as Director            For       For        Management
6     Approve Directors' Fees of SGD 700,207    For       For        Management
7     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management
9a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
9b    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme
9c    Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

SINGAPORE TECHNOLOGIES ENGINEERING

Ticker:                      Security ID:  SG1F60858221
Meeting Date: MAR 31, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management
2     Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

SINGAPORE TECHNOLOGIES ENGINEERING

Ticker:                      Security ID:  SG1F60858221
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend and Special Tax    For       For        Management
      Exempt Dividend
3a    Reelect Koh Beng Seng as Director         For       For        Management
3b    Reelect Ng Yat Chung as Director          For       For        Management
3c    Reelect Tan Kim Siew as Director          For       For        Management
3d    Reelect Lui Pao Chuen as Director         For       For        Management
3e    Reelect Winston Tan Tien Hin as Director  For       For        Management
3f    Approve Retirement of Tan Guong Ching as  For       For        Management
      Director
4     Approve Directors' Fees of SGD 361,959    For       For        Management
      for the Year Ended Dec. 31, 2003
5     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
6     Other Business (Voting)                   For       Against    Management
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
8     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Plan, Performance Share Plan and the
      Restricted Stock Plan


--------------------------------------------------------------------------------

SINGAPORE TELECOMMUNICATIONS LTD.

Ticker:                      Security ID:  SG1A62000819
Meeting Date: AUG 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Performance Share Plan            For       For        Management
2     Approve Performance Share Plan for        For       For        Management
      Purposes of Exception to the Listing Rule
      of the Australian Stock Exchange
3     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Performance Share
      Plan
4     Authorize Share Repurchase Program        For       For        Management
5     Amend Articles of Association             For       For        Management
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

SINGAPORE TELECOMMUNICATIONS LTD.

Ticker:                      Security ID:  SG1A62000819
Meeting Date: AUG 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.055 Per   For       For        Management
      Share
3     Reelect Lee Hsien Yang as Director        For       For        Management
4     Reelect Quek Poh Huat as Director         For       For        Management
5     Reelect Heng Swee Keat as Director        For       For        Management
6     Reelect Simon Israel as Director          For       For        Management
7     Reelect Tommy Koh as Director             For       For        Management
8     Approve Directors' Fees of SGD 675,375    For       For        Management
      and SGD 855,375 for the Year Ended Mar.
      31, 2003
9     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
10    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Share Option
      Scheme 1999


--------------------------------------------------------------------------------

SINO LAND COMPANY

Ticker:                      Security ID:  HK0083000502
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:  NOV 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5a    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

SKY CITY ENTERTAINMENT GROUP (FORMERLY SKY CITY LTD)

Ticker:                      Security ID:  NZSKCE0001S2
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect W R Trotter as Director             For       For        Management
2     Elect P L Reddy as Director               For       For        Management
3     Approve Increase in the Remuneration of   For       For        Management
      Director from NZD450,000 Per Annum Plus
      GST to NZD600,000 Per Annum Plus GST
4     Authorize Board to Fix The Remuneration   For       For        Management
      of the Auditor


--------------------------------------------------------------------------------

SKY NETWORK TELEVISION LTD

Ticker:                      Security ID:  NZSKYE0001S6
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
2     Elect Robert Bryden as Director           For       For        Management


--------------------------------------------------------------------------------

SMARTONE TELECOMMUNICATIONS HOLDINGS LTD.

Ticker:                      Security ID:  BMG8219Z1059
Meeting Date: NOV 7, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final and Special Dividends       For       For        Management
3     Elect Directors and Authorize Board to    For       For        Management
      Fix Their Remuneration
4     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
6     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Approve Cancellation of Share Premium     For       For        Management
      Account


--------------------------------------------------------------------------------

SMRT CORPORATION LTD

Ticker:                      Security ID:  SG1I86884935
Meeting Date: JUL 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Approve Adoption of a New Mandate for     For       For        Management
      Transactions with Related Parties


--------------------------------------------------------------------------------

SMRT CORPORATION LTD

Ticker:                      Security ID:  SG1I86884935
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.017 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 187,344    For       For        Management
      for the Year Ended Mar. 31, 2003
4a    Reelect Cheah Kean Huat as Director       For       For        Management
4b    Reelect Chew Choon Seng and Jimmy Phoon   For       For        Management
      Siew Heng as Directors
5a    Reelect Choo Chiau Beng as Director       For       For        Management
5b    Reelect Niam Chiang Meng as Director      For       For        Management
5c    Reelect Nithiah Nandan s/o Arumugam as    For       For        Management
      Director
5d    Reelect Saw Phaik Hwa as Director         For       For        Management
6     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
7     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Employee Share
      Option Scheme
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SONIC HEALTHCARE LIMITED

Ticker:                      Security ID:  AU000000SHL7
Meeting Date: NOV 27, 2003   Meeting Type: Annual
Record Date:  NOV 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect B Patterson as Director             For       For        Management
2     Elect C Jackson as Director               For       Against    Management
3     Elect M Robinson as Director              For       For        Management
4     Renewal of Approval of Employee Option    For       For        Management
      Plan
5     Approve Amendments to Executive Options   For       For        Management
      Issued to C Goldschmidt
6     Approve Amendments to Executive Options   For       For        Management
      Issued to C Wilks
7     Renew Partial Takeover Provision          For       For        Management


--------------------------------------------------------------------------------

SOUTHCORP HOLDINGS LTD.

Ticker:                      Security ID:  AU000000SRP7
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect T P Burnet as Director              For       For        Management
2b    Elect J W Murphy as Director              For       For        Management
2c    Elect E J J Pope as Director              For       For        Management
3     Elect R I Oatley as Director              For       For        Management
4a    Approve Issuance of Options to J C        For       For        Management
      Ballard
4b    Approve the Company Entering into the     For       For        Management
      Managing Director Share Option Deed with
      J C Ballard
5a    Approve the Allotment of Shares to T P    For       For        Management
      Burnet on the Exercise of Options
      Previously Granted
5b    Approve the Grant of Options to R P       For       For        Management
      Burnet
5c    Approve the Company Entering into the     For       For        Management
      Executive Director Share Option Deed with
      T P Burnet


--------------------------------------------------------------------------------

STOCKLAND CORPORATION LTD.(TRUST GROUP)

Ticker:                      Security ID:  AU000000SGP0
Meeting Date: OCT 20, 2003   Meeting Type: Annual
Record Date:  OCT 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect T W Williamson as Director          For       For        Management
3     Elect M J Quinn as Director               For       For        Management
4     Elect D J Fairfull as Director            For       For        Management
5     Approve Increase In Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 950,000 Per Annum From AUD 600,000
6     Approve Issuance of 60 Million Stapled    For       For        Management
      Securities at AUD 4.75 Per Stapled
      Security on Apr. 8, 2003 for a Private
      Placement
7     Approve Issuance of Approximately 228     For       For        Management
      Million Stapled Securities at AUD 5.01
      Per Stapled Security from June 12 to July
      24, 2003 Pursuant to a Takeover Bid for
      AMP Diversified Property Trust


--------------------------------------------------------------------------------

SUN HUNG KAI PROPERTIES LTD.

Ticker:                      Security ID:  HK0016000132
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Reelect Directors and Fix Their           For       For        Management
      Remuneration
4     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SUNCORP-METWAY LIMITED (FORMERLY METWAY LTD.)

Ticker:                      Security ID:  AU000000SUN6
Meeting Date: OCT 29, 2003   Meeting Type: Annual
Record Date:  OCT 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect I D Blackburne as Director          For       For        Management
2b    Elect J J Kennedy as Director             For       For        Management
2c    Elect W J Bartlett as Director            For       For        Management
2d    Elect C Skilton as Director               For       For        Management
3     Approve Suncorp Metway Dividend           For       For        Management
      Reinvestment Plan


--------------------------------------------------------------------------------

SWIRE PACIFIC

Ticker:                      Security ID:  HK0019000162
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Final Dividend of HK$1.02 Per A   For       For        Management
      Share and HK$0.204 Per B Share
2a    Reelect P.A. Johansen as Director         For       For        Management
2b    Reelect Adrian Swire as Director          For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Amend Articles Re: Corporate              For       For        Management
      Communications, Postponement of General
      Meetings, Editing Changes


--------------------------------------------------------------------------------

TAB LIMITED

Ticker:                      Security ID:  AU000000TAB1
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:  OCT 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2a    Elect Fergus Allan McDonald as Director   For       For        Management
2b    Elect Geoffrey Wild as Director           For       For        Management


--------------------------------------------------------------------------------

TABCORP HOLDINGS LTD

Ticker:                      Security ID:  AU000000TAH8
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports for the Year Ended June 30, 2003
2a    Elect A G Hodgson as Director             For       For        Management
2b    Elect R F E Warburton as Director         For       For        Management
3     Approve Amendments to the Constitution    For       For        Management
4     Approve Increase in the Remuneration of   For       For        Management
      Directors from AUD1.2 Million Per Annum
      to a Total of AUD1.5 Million Per Annum
5     Approve the TABCORP Holdings Ltd Long     For       For        Management
      Term Performance Plan
6     Approve the TABCORP Holdings Ltd Deferred For       For        Management
      Share Plan for Eligible Employees
7     Approve Participation by the Managing     For       For        Management
      Director and Chief Executive Officer in
      TABCORP Employee Share Schemes
8     Approve Exclusion of Issues Under the     For       For        Management
      Employee Share Schemes from ASX 15
      Percent Cap
9     Approve the TABCORP Holdings Limited      For       For        Management
      Dividend Reinvestment Plan


--------------------------------------------------------------------------------

TECHTRONIC INDUSTRIES

Ticker:                      Security ID:  HK0669002195
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Grant of Options to Horst Julius  For       Against    Management
      Pudwill and Roy Chi Ping Chung to
      Subscribe for Ordinary Shares in the
      Capital of the Company Pursuant to the
      Share Option Scheme
2     Approve Stock Split of Every Share of     For       For        Management
      HK$0.2 in the Capital of the Company into
      Two Shares of HK$0.1 Each
3     Amend Articles to Reflect Changes in      For       Against    Management
      Capital


--------------------------------------------------------------------------------

TECHTRONIC INDUSTRIES

Ticker:                      Security ID:  HK0669002195
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAY 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.1775 Per   For       Against    Management
      Share
3a    Reelect Roy Chi Ping Chung as Group       For       For        Management
      Executive Director
3b    Reelect Kin Wah Chan as Group Executive   For       For        Management
      Director
3c    Reelect Joel Arthur Schleicher as         For       For        Management
      Independent Non-Executive Director
3d    Authorize Board to Fix Their Remuneration For       For        Management
4     Reappoint Deloitte Touche Tohmatsu as     For       For        Management
      Auditors and Fix Their Remuneration
5     Approve Increase in Authorized Capital    For       Against    Management
      from HK$160 Million to HK$240 Million by
      the Creation of 400 Million Shares of
      HK$0.2 Each
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
8     Authorize Reissuance of Repurchased       For       For        Management
      Shares
9     Amend Articles Re: Postponement and       For       For        Management
      Voting at General Meetings, Appointment
      of Alternate Director, Material Interest
      of Directors in Contracts Entered into by
      the Company, Electronic Communication,
      Indemnification of Directors and Officers
      of the Company


--------------------------------------------------------------------------------

TELECOM CORP. OF NEW ZEALAND

Ticker:       NZT            Security ID:  NZTELE0001S4
Meeting Date: OCT 9, 2003    Meeting Type: Annual
Record Date:  OCT 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Board to the Auditors'          For       For        Management
      Remuneration
2     Elect Roderick Deane as Director          For       For        Management
3     Elect Paul Baines as Director             For       For        Management
4     Approve Remuneration of Directors in the  For       For        Management
      Amount of NZD 1.5 Million Per Annum for
      the Directors of the Company and Its
      Subsidiaries
5     Elect Lindsay Pyne as Director            For       For        Management
6     Approve Issuance by the Board to Theresa  For       For        Management
      Gattung, Chief Executive Officer and
      Managing Director, During the Period to
      Sept. 30, 2006 of Up to 500,000 Ordinary
      Shares in the Company Under the
      Performance Incentive Scheme
7     Approve Issuance by the Board to Theresa  For       For        Management
      Gattung, Chief Executive and Managing
      Director, During the Period to Sept. 30,
      2006 of Up to 1.5  Million Options in the
      Company Under the Performance Option
      Scheme


--------------------------------------------------------------------------------

TELEVISION BROADCAST LTD.

Ticker:                      Security ID:  HK0511001957
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  APR 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3     Elect Directors and Fix Their             For       For        Management
      Remuneration
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
5d    Approve Extension of the Number of Days   For       For        Management
      During which the Company's Register of
      Members May Be Closed for the Calendar
      Year 2004 to 60 Days from 30 Days
5e    Adopt New Articles of Association         For       For        Management
5f    Amend Memorandum of Association Re:       For       For        Management
      Deletion of the Objects Clause


--------------------------------------------------------------------------------

TELSTRA  CORP.

Ticker:       TLS.P          Security ID:  AU000000TLS2
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:  NOV 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Chairman and CEO Presentations            None      None       Management
2a    Elect John Fletcher as Director           For       For        Management
2b    Elect Donald McGauchie as Director        For       For        Management
2c    Elect Mervyn Vogt as Director             Against   Against    Management
2d    Elect John Ralph as Director              For       For        Management
2e    Elect John Stocker as Director            For       For        Management
2f    Elect Leonard Cooper as Director          Against   Against    Management
2g    Elect Kevin Bentley as Director           Against   Against    Management
3     Approve Increase in Remuneration of       For       For        Management
      Directors in the Amount of AUD 170,000
      From AUD 1,150,000 to AUD 1,320,000
4     Amend Constitution                        For       For        Management
5     Accept Financial Statements and Statutory For       Abstain    Management
      Reports


--------------------------------------------------------------------------------

TENON LTD (FRMLY FLETCHER CHALLENGE FORESTS)

Ticker:       FFS            Security ID:  NZFLCE0020S7
Meeting Date: FEB 20, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of Company Assets to a       For       For        Management
      Consortium Led by Kiwi Forests Group
      Limited for a Price of Approximately
      NZ$725 Million
2     Approve Return of Capital to Shareholders For       For        Management
      of Up to NZ$523 Million


--------------------------------------------------------------------------------

TENON LTD (FRMLY FLETCHER CHALLENGE FORESTS)

Ticker:       FZID20         Security ID:  NZFLCE0020S7
Meeting Date: DEC 19, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect Rodger Herbert Fisher as Director   For       For        Management
1b    Elect Simon Luke Moriarty as Director     For       For        Management
2     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
3     Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

TEXWINCA HOLDINGS LIMITED

Ticker:                      Security ID:  BMG8770Z1068
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of HK$0.14 Per     For       For        Management
      Share
3     Elect Directors and Authorize Board to    For       For        Management
      Fix Their Remuneration
4     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration


--------------------------------------------------------------------------------

TEXWINCA HOLDINGS LIMITED

Ticker:                      Security ID:  BMG8770Z1068
Meeting Date: AUG 28, 2003   Meeting Type: Special
Record Date:  AUG 20, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
2     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
3     Authorize Reissuance of Repurchased       For       For        Management
      Shares


--------------------------------------------------------------------------------

TOLL HOLDINGS LIMITED

Ticker:                      Security ID:  AU000000TOL1
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      Abstain    Management
      Reports
2     Elect Mark Rowsthorn as Director          For       For        Management
3     Elect Alastair Lucas as Director          For       For        Management
4     Approve Increase in Aggregate             For       For        Management
      Remuneration of Directors in the Amount
      of AUD 200,000 from AUD 800,000 to AUD 1
      Million
5     Renew Partial Takeover Provision          For       For        Management
6     Approve Issuance of 2.4 Million Shares    For       For        Management
      for a Private Placement On Apr. 15, 2003
      at an Issue Price of AUD 6.50 Per Share
7     Approve Issuance of Shares Pursuant to    For       Against    Management
      Employee Share Ownership Plan
8     Approve Issuance of Options Pursuant to   For       Against    Management
      Executive Option Plan
9     Approve Non-Executive Director Share Plan For       For        Management
10    Amend Constitution Re: Issuance of        For       For        Management
      Preference Shares With Non-Cumulative
      Dividend
11    Approve Issuance of 2.5 Million Reset     For       For        Management
      Preference Shares


--------------------------------------------------------------------------------

TOWER LTD

Ticker:                      Security ID:  NZTWRE0001S3
Meeting Date: FEB 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
2a    Elect Olaf O'Duill as Director            For       For        Management
2b    Elect Susannah Staley as Director         For       For        Management
2c    Elect William John Falconer as Director   For       For        Management
2d    Elect Maurice William Loomes as Director  For       For        Management
2e    Elect John Lewis Spencer as Director      For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of NZ$ 900,000
4     Approve Grant of Up to 1.5 Million        For       For        Management
      Options to Keith Taylor, Group Managing
      Director
5     Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

TOWER LTD

Ticker:                      Security ID:  NZTWRE0001S3
Meeting Date: JUL 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Approve Early Expiry   For       For        Management
      of the Company's 10 Percent Share Cap
2     Approve Placement of 50 Million Shares to For       For        Management
      Guiness Peat Group Plc.
3     Approve Underwriting Agreement and Rights For       For        Management
      Issue Participation by Guiness Peat Group
      Plc.


--------------------------------------------------------------------------------

TRANSURBAN GROUP

Ticker:                      Security ID:  AU000000TCL6
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  NOV 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect David John Ryan as Director         For       For        Management
2b    Elect Petr Charles Byers as Director      For       For        Management
2c    Elect Laurence Grimes Cox as Director     For       For        Management
3     Approve Issuance of 750,000 Convertible   For       For        Management
      Adjusting Rate Securities (CARS) by
      Transurban CARS Trust in April 2003


--------------------------------------------------------------------------------

UNITED OVERSEAS BANK

Ticker:       UOVEY          Security ID:  SG1M31001969
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.40 Per    For       For        Management
      Share
3     Approve Directors' Fees of SGD 618,750    For       For        Management
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5     Reelect Sim Wong Hoo as Director          For       For        Management
6     Reelect Lim Pin as Director               For       For        Management
7     Reelect Margaret Lien Wen Hsien as        For       For        Management
      Director
8     Reelect Ng Boon Yew as Director           For       For        Management
9     ReappointWee Cho Yaw as Director          For       For        Management
10    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the 1999 Share Option
      Scheme
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

UNITED OVERSEAS BANK

Ticker:       UOVEY          Security ID:  SG1M31001969
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

UNITED OVERSEAS LAND LTD.

Ticker:                      Security ID:  SG1S83002349
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare First and Final Dividend of SGD   For       For        Management
      0.075 Per Share
3     Approve Directors' Fees of SGD 251,000    For       For        Management
      for the Year Ended Dec. 31, 2003
4a    Reappoint Wee Cho Yaw as Director         For       For        Management
4b    Reappoint Lim Kee Ming as Director        For       For        Management
4c    Reappoint Alan Choe Fook Cheong as        For       For        Management
      Director
5     Reelect Wee Ee Cheong as Director         For       For        Management
6     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7a    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the 2000 Share Option
      Scheme
7b    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

VENTURE CORPORATION LTD (FRMLY VENTURE MANUFACTURING)

Ticker:                      Security ID:  SG0531000230
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Adopt Venture Corporation Executives'     For       Against    Management
      Share Option Scheme


--------------------------------------------------------------------------------

VENTURE CORPORATION LTD (FRMLY VENTURE MANUFACTURING)

Ticker:                      Security ID:  SG0531000230
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final and Bonus Dividends         For       For        Management
3     Reelect Soo Eng Hiong as Director         For       For        Management
4     Reelect Goh Geok Ling as Director         For       For        Management
5     Reelect Goon Kok Loon as Director         For       For        Management
6     Reelect Cecil Vivian Richard Wong as      For       For        Management
      Director
7     Approve Directors' Fees of SGD 86,000     For       For        Management
8     Reappoint Deloiotte & Touche as Auditors  For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Venture
      Manufacturing (Singapore) Ltd.
      Executives' Share Option Scheme


--------------------------------------------------------------------------------

WAREHOUSE GROUP LTD, THE

Ticker:                      Security ID:  NZWHSE0001S6
Meeting Date: NOV 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect PG Inger as Director                For       For        Management
2b    Elect JR Avery as Director                For       For        Management
2c    Elect JC Dahlsen as Director              For       For        Management
3     Approve Ernts & Young as Auditors and     For       For        Management
      Authorize Board to Fix Their Remuneration
4     Amend the Constitution of the Company Re: For       For        Management
      Section 37.6
5     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

WESFARMERS LTD.

Ticker:                      Security ID:  AU000000WES1
Meeting Date: NOV 3, 2003    Meeting Type: Annual
Record Date:  NOV 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect P. A. Cross as Director             For       For        Management
1b    Elect T. J. Flugge as Director            For       For        Management
1c    Elect L. A. Giglia as Director            For       For        Management
1d    Elect C. Macek as Director                For       For        Management
2     Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

WESFARMERS LTD.

Ticker:                      Security ID:  AU000000WES1
Meeting Date: DEC 5, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Return of A$2.50 Per      For       For        Management
      Fully Paid Ordinary Share


--------------------------------------------------------------------------------

WESTFIELD HOLDINGS

Ticker:                      Security ID:  AU000000WSF8
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Constitution Amendment Resolution For       For        Management
2     Approve Stapling Deed Resolution          For       For        Management


--------------------------------------------------------------------------------

WESTFIELD HOLDINGS

Ticker:                      Security ID:  AU000000WSF8
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Carla Zampatti as Director          For       For        Management
3     Elect Robert Ferguson as Director         For       For        Management
4     Elect David Lowy as Director              For       For        Management
5     Elect Frank Lowy as Director              For       Against    Management


--------------------------------------------------------------------------------

WESTFIELD HOLDINGS

Ticker:                      Security ID:  AU000000WSF8
Meeting Date: JUN 25, 2004   Meeting Type: Court
Record Date:  JUN 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Share Scheme Resolution           For       For        Management


--------------------------------------------------------------------------------

WESTFIELD TRUST

Ticker:                      Security ID:  AU000000WFT6
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Amendments to Constitution        For       Did Not    Management
                                                          Vote
2     Approve Merger                            For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

WHARF (HOLDINGS) LTD.

Ticker:                      Security ID:  HK0004000045
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a    Reelect Hans Michael Jebsen as Director   For       For        Management
3b    Reelect Gonzaga W.J. Li as Director       For       For        Management
3c    Reelect T.Y. Ng as Director               For       For        Management
3d    Reelect James E. Thompson as Director     For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination and Removal of Directors


--------------------------------------------------------------------------------

WING TAI HOLDINGS

Ticker:                      Security ID:  SG1K66001688
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend                    For       For        Management
3     Approve Directors' Fees                   For       For        Management
4     Reelect Cheng Wai Keung as Director       For       For        Management
5     Reelect Boey Tak Hap as Director          For       For        Management
6     Reelect Cheng Man Tak as Director         For       For        Management
7     Reelect Christopher Patrick Langley as    For       For        Management
      Director
8     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Reelect Phua Bah Lee as Director          For       For        Management
10    Reelect Lee Han Yang as Director          For       For        Management
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
12    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Wing Tai Hldgs.
      Ltd. Executives' Share Option Scheme
13    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Wing Tai Hldgs.
      Ltd. (2001) Share Option Scheme


--------------------------------------------------------------------------------

WING TAI HOLDINGS

Ticker:                      Security ID:  SG1K66001688
Meeting Date: NOV 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

WMC RESOURCES LTD

Ticker:                      Security ID:  AU000000WMR6
Meeting Date: APR 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Elect P J Knight as Director              For       For        Management
1b    Elect I E Webber as Director              For       For        Management
1c    Elect G W McGregor as Director            For       For        Management
1d    Elect G J Pizzey as Director              For       For        Management


--------------------------------------------------------------------------------

WOODSIDE PETROLEUM LTD.

Ticker:                      Security ID:  AU000000WPL2
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2a    Elect Rory Edward Stanley Argyle as       For       For        Management
      Director
2b    Elect Charles Barrington Goode as         For       For        Management
      Director
2c    Elect Peter Maas van Rossum as Director   For       For        Management
3     Approve Restructuring of Remuneration of  For       For        Management
      Directors
4     Approve Directors' Deeds                  For       For        Management
5     Adopt New Constitution                    For       For        Management


--------------------------------------------------------------------------------

WOOLWORTHS LTD.

Ticker:                      Security ID:  AU000000WOW2
Meeting Date: NOV 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Elect J. A. Strong as Director            For       For        Management
2b    Elect R. S. Deane as Director             For       For        Management
3     Amend Constitution                        For       For        Management


--------------------------------------------------------------------------------

YUE YUEN INDUSTRIAL

Ticker:                      Security ID:  BMG988031446
Meeting Date: FEB 24, 2004   Meeting Type: Annual
Record Date:  FEB 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Dividends of HK$0.46 Per Share    For       For        Management
3     Elect Directors and Authorize Board to    For       For        Management
      Fix Their Remuneration
4     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
5a    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5b    Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares




====================== ISHARES MSCI SINGAPORE INDEX FUND =======================


ALLGREEN PROPERTIES LTD

Ticker:                      Security ID:  SG1G61871305
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.035 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 302,000    For       For        Management
4     Reelect Ang Keng Lam as Director          For       For        Management
5     Reelect Jimmy Seet Keong Huat as Director For       For        Management
6     Reelect Andrew Choo Hoo as Director       For       For        Management
7     Reelect Khor Thong Meng as Director       For       For        Management
8     Reappoint Foo Kon Tan Grant Thornton as   For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme


--------------------------------------------------------------------------------

CAPITALAND LIMITED

Ticker:                      Security ID:  SG1J27887962
Meeting Date: APR 12, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Reduction and by a        For       For        Management
      Maximum of SGD 952 Million Standing to
      the Credit of the Share Premium Account
      Which is to be Effected by a Distribution
      in Specie in CapitaCommercial Trust
2     Amend Share Option Plan, Performance      For       Against    Management
      Share Plan and Restricted Stock Plan


--------------------------------------------------------------------------------

CAPITALAND LIMITED

Ticker:                      Security ID:  SG1J27887962
Meeting Date: APR 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare First and Final Dividend of SGD   For       For        Management
      0.04 Per Share
3     Approve Directors' Fees of SGD 971,340    For       For        Management
      for the Year Ended Dec. 31, 2003
4a    Reelect Alan Cockshaw as Director         For       For        Management
4b    Reelect Jackson Peter Tai as Director     For       For        Management
4c    Reelect Lucien Wong Yuen Kuai as Director For       For        Management
5     Elect Andrew Buxton as Director           For       For        Management
6a    Reelect Hsuan Owyang as Director          For       For        Management
6b    Reelect Lim Chin Beng as Director         For       For        Management
7     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management
9     Appoint Richard Hu Tsu Tau as Director    For       For        Management
10a   Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10b   Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option Plan


--------------------------------------------------------------------------------

CHARTERED SEMICONDUCTOR MANUF.

Ticker:                      Security ID:  SG1H23874727
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Reelect Andre Borrel as Director          For       For        Management
2b    Reelect Tay Siew Choon as Director        For       For        Management
2c    Reelect Peter Seah Lim Huat as Director   For       For        Management
2d    Reelect Philip Tan Yuen Fah as Director   For       For        Management
3a    Reelect Charles Thompson as Director      For       For        Management
3b    Reelect Robert La Blanc as Director       For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Approve Directors' Fees of SGD 427,125    For       For        Management
6     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Employees Share
      Purchase Plan
7     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Share Purchase
      Plan 2004 for Employees of SIlicon
      Manufacturing Partners Pte. Ltd.
8a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
8b    Approve Creation and Issuance of of       For       For        Management
      Securities Pursuant to the Issaunce of
      Shares without Preemptive Rights
8c    Approve Grant of Options and Issuance of  For       Against    Management
      Shares Pursuant to the Share Option Plan
      1999 Under the Share Issuance Mandate


--------------------------------------------------------------------------------

CITY DEVELOPMENTS LTD.

Ticker:                      Security ID:  SG1R89002252
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend                    For       For        Management
3     Approve Directors' Fees of SGD 220,000    For       For        Management
      for the Year Ended Dec. 31, 2003, and
      Approve Audit Committee Fees of SGD
      42,500 Per Quarter for the Period
      Commencing from July 1, 2004 to June 30,
      2005
4a    Reelect Kwek Leng Beng as Director        For       For        Management
4b    Reelect Kwek Leng Peck as Director        For       For        Management
5a    Reappoint Sim Miah Kian as Director       For       For        Management
5b    Reappoint Tan Tong as Director            For       For        Management
5c    Reappoint Ong Pang Boon as Director       For       For        Management
5d    Reappoint Chee Keng Soon as Director      For       For        Management
5e    Reappoint Tang See Chim as Director       For       For        Management
6     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
7     Other Business (Voting)                   For       Against    Management
8     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
9     Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

CITY DEVELOPMENTS LTD.

Ticker:                      Security ID:  SG1R89002252
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Cash Dividend for Each    For       For        Management
      Ordinary Share Held in the Company
2     Approve Issuance of Up to 82.72 Million   For       For        Management
      Bonus Warrants on the Basis of One Bonus
      Warrant for Every Ten Shares Held
3     Approve Rights Issue of Up to 330.87      For       For        Management
      Million Nonreedemable Convertible
      Noncumulative Preference Shares
4     Approve Increase in Authorized Capital    For       For        Management
5     Amend Memorandum of Association Re: To    For       For        Management
      Reflect New Share Capital of the Company
6     Authorize Share Repurchase Program        For       For        Management
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
1     Amend Articles of Association of the      For       For        Management
      Company in Conjunction with the Rights
      Issue
2     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

COMFORTDELGRO CORP LTD

Ticker:                      Security ID:  SG1N31909426
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.031 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 377,891    For       For        Management
      for the Year Ended Dec. 31, 2003
4     Reelect Lim Jit Poh as Director           For       For        Management
5     Reelect Kua Hong Pak as Director          For       For        Management
6     Reelect Tow Heng Tan as Director          For       For        Management
7     Reelect David Wong Chin Huat as Director  For       For        Management
8     Reappoint Deloitte & Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Other Business (Voting)                   For       Against    Management
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
11    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Employees' Share
      Option Scheme


--------------------------------------------------------------------------------

CREATIVE TECHNOLOGY LTD

Ticker:                      Security ID:  SG1A98006814
Meeting Date: NOV 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Reelect Lee Kheng Nam as Director         For       For        Management
3     Approve Directors' Fees of SGD120,000     For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Declare Ordinary Dividend of $0.25 Per    For       For        Management
      Share
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Creative
      Technology (1999) Share Option Scheme
8     Approve Issuance of Shares Pursuant to    For       For        Management
      the 1999 Employee Share Purchase Plan
9     Authorize Share Repurchase Program        For       For        Management
10    Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

DATACRAFT ASIA LTD

Ticker:                      Security ID:  SG1A79009654
Meeting Date: FEB 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Reelect Patrick Keith Quarmby as Director For       For        Management
3     Reelect Ronald John Cattell as Director   For       For        Management
4     Reelect Lal Chandra Singh as Director     For       For        Management
5     Reappoint Frank Yung-Cheng Yung as        For       For        Management
      Director
6     Approve Payment of SGD 45,000 as          For       For        Management
      Additional Directors' Fees
7     Approve Directors' Fees of SGD 229,000    For       For        Management
      for the Financial Year Starting Oct. 1,
      2003 to Sept. 30, 2004
8     Reappoint Deloitte & Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2003
11    Approve Scrip Dividend Scheme             For       For        Management


--------------------------------------------------------------------------------

DBS GROUP HOLDINGS LTD. (FORMERLY DEVELOPMENT BANK OF SINGAPORE)

Ticker:                      Security ID:  SG1L01001701
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

DBS GROUP HOLDINGS LTD. (FORMERLY DEVELOPMENT BANK OF SINGAPORE)

Ticker:                      Security ID:  SG1L01001701
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Declare Final Dividend of SGD 0.16 Per    For       For        Management
      Ordinary Share
2b    Declare Final Dividend of SGD 0.16 Per    For       For        Management
      Non-Voting Convertible Preference Share
2c    Declare Final Dividend of SGD 0.16 Per    For       For        Management
      Non-Voting Redeemable Convertible
      Preference Share
3     Approve Directors' Fees of SGD 647,851    For       For        Management
      for the Year Ended Dec. 31, 2003
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5a    Reelect S. Dhanabalan as Director         For       For        Management
5b    Reelect Bernard Chen Tien Lap as Director For       For        Management
5c    Reelect Fock Siew Wah as Director         For       For        Management
5d    Reelect Kwa Chong Seng as Director        For       For        Management
5e    Reelect Narayana Murthy as Director       For       For        Management
5f    Reelect Frank Wong Kwong Shing as         For       For        Management
      Director
5g    Reappoint Thean Lip Ping as Director      For       For        Management
6a    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option Plan
6b    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Performance Share
      Plan
6c    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

FRASER AND NEAVE, LIMITED

Ticker:                      Security ID:  SG1M29902574
Meeting Date: JUL 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Fraser & Neave Pro Rata Capital   For       For        Management
      Reduction
2     Approve Fraser & Neave Selective Capital  For       For        Management
      Reduction


--------------------------------------------------------------------------------

FRASER AND NEAVE, LIMITED

Ticker:                      Security ID:  SG1O43912722
Meeting Date: JAN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.30 Per    For       For        Management
      Share
3a    Reelect Michael Fam as Director           For       For        Management
3b    Reelect Lee Ek Tieng as Director          For       For        Management
3c    Reelect Ho TianYee as Director            For       For        Management
3d    Reelect Lee Tih Shih as Director          For       For        Management
3e    Reelect Nicky Tan Ng Kuang as Director    For       For        Management
4     Approve Directors' Fees of SGD 547,000    For       For        Management
      for the Year Ending Sept. 30, 2004
5     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme
8     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Executives' Share
      Option Scheme 1999
9     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

HAW PAR CORPORATION

Ticker:                      Security ID:  SG1D25001158
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Second and Final Dividend of SGD  For       For        Management
      0.110 Per Share, Comprised of a Dividend
      and a Tax Exempt Dividend of SGD 0.049
      and SGD 0.061
3     Reelect Lim Kee Ming as Director          For       For        Management
4     Reelect Wee Cho Yaw as Director           For       For        Management
5     Reelect Lee Suan Yew as Director          For       For        Management
6     Reelect Hwang Soo Jin as Director         For       For        Management
7     Reelect Chng Hwee Hong as Director        For       For        Management
8     Reelect Reggie Thein as Director          For       For        Management
9     Reelect Wee Ee Chao as Director           For       For        Management
10    Approve Directors' Fees of SGD 202,000    For       For        Management
11    Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
12    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the 2002 Share Option
      Scheme
13    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

JARDINE CYCLE & CARRIAGE LTD(FORMERLY CYCLE & CARRIAGE LTD)

Ticker:                      Security ID:  SG1B51001017
Meeting Date: NOV 27, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Change in Company Name to Jardine For       For        Management
      Cycle & Carriage Ltd.


--------------------------------------------------------------------------------

JARDINE CYCLE & CARRIAGE LTD(FORMERLY CYCLE & CARRIAGE LTD)

Ticker:                      Security ID:  SG1B51001017
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of $0.07 Per Share For       For        Management
3     Approve Directors' Fees of SGD 576,000    For       For        Management
      for the Year Ending Dec. 31, 2004
4a    Reelect Philip Eng Heng Nee as Director   For       For        Management
4b    Reelect Chang See Hiang as Director       For       For        Management
4c    Reelect Hassan Abas as Director           For       For        Management
5     Reelect James Watkins as Director         For       For        Management
6a    Reelect Alan Yeo Chee Yeow as Director    For       For        Management
6b    Reelect Owen Phillimore Howell-Price as   For       For        Management
      Director
7     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management
9a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
9b    Authorize Share Repurchase Program        For       For        Management
9c    Approve Mandate for Transactions with     For       For        Management
      Related Parties
9d    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme 2000
9e    Approve Scrip Dividend Scheme             For       For        Management


--------------------------------------------------------------------------------

KEPPEL CORPORATION LTD

Ticker:                      Security ID:  SG1E04001251
Meeting Date: MAY 26, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Reduction of SGD 110      For       For        Management
      Million and a Maximum of Up to SGD 32.16
      Million Standing to the Credit of the
      Company's Special Reserve Account and
      Share Premium Account, Respectively,
      Which is to be Effected by a Cash
      Distribution to Shareholders


--------------------------------------------------------------------------------

KEPPEL CORPORATION LTD

Ticker:                      Security ID:  SG1E04001251
Meeting Date: APR 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Distribution to           For       For        Management
      Shareholders of SGD 0.18 in Cash for
      Every Share Held


--------------------------------------------------------------------------------

KEPPEL CORPORATION LTD

Ticker:                      Security ID:  SG1E04001251
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.11 Per    For       For        Management
      Share
3     Reelect Choo Chiau Beng as Director       For       For        Management
4     Reelect Lim Hock San as Director          For       For        Management
5     Reelect Lee Soo Ann Tsao Yuan as Director For       For        Management
6     Reelect Leung Chun Ying as Director       For       For        Management
7     Approve Directors' Fees of SGD 492,000    For       For        Management
8     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
9     Authorize Share Repurchase Program        For       For        Management
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
11    Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

KEPPEL LAND LTD. (FORMERLY STRAITS STEAMSHIP LAND)

Ticker:                      Security ID:  SG1R31002210
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Dividends                         For       For        Management
3     Reelect Ian Yam Pin as Director           For       For        Management
4     Reelect Niam Chiang Meng as Director      For       For        Management
5     Reelect Kevin Wong Kingcheung as Director For       For        Management
6     Reelect Thai Chee Ken as Director         For       For        Management
7     Reelect Khor Poh Hwa as Director          For       For        Management
8     Approve Directors' Fees of SGD 236,268    For       For        Management
      for the Year Ended Dec. 31, 2003
9     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
11    Approve Mandate for Transactions with     For       For        Management
      Related Parties
12    Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

KEPPEL LAND LTD. (FORMERLY STRAITS STEAMSHIP LAND)

Ticker:                      Security ID:  SG1R31002210
Meeting Date: APR 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management


--------------------------------------------------------------------------------

NEPTUNE ORIENT LINES

Ticker:                      Security ID:  SG1F90001388
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.038 Per   For       For        Management
      Share
3     Approve Nonexecutive Directors' Fees of   For       For        Management
      SGD 1.32 Million
4     Reelect Cheng Wai Keung as Director       For       For        Management
5     Reelect Lim How Teck as Director          For       For        Management
6     Reelect Yasumasa Mizushima as Director    For       For        Management
7     Reelect Ang Kong Hua as Director          For       For        Management
8     Reelect Willie Cheng Jue Hiang as         For       For        Management
      Director
9     Reelect David Lim Tik En as Director      For       For        Management
10    Reelect Gan Chee Yen as Director          For       For        Management
11    Reelect Robert Holland Jr. as Director    For       For        Management
12    Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
13    Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

NEPTUNE ORIENT LINES

Ticker:                      Security ID:  SG1F90001388
Meeting Date: APR 20, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reduction in Authorized Capital   For       For        Management
      Through the Cancellation of Unissued
      Nonvoting Participative Redeemable
      Nonconvertible Preference Shares
2     Amend Articles 5 and 7A of the Articles   For       For        Management
      of Association of the Company
3     Amend Articles of Association             For       For        Management
4     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
5     Amend Share Option Plan                   For       Against    Management
6     Approve Performance Share Plan 2004       For       For        Management
7     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
      and Approve Alterations to the Articles
      of Association
2     Approve Preference Share Issue Mandate    For       For        Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 15, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Voluntary Offer for All the       For       Did Not    Management
      Ordinary Shares Held in Great Eastern               Vote
      Holdings Ltd., and Approve Issuance of
      the Company's New Ordinary Shares
2     Approve Increase in Authorized Capital,   For       Did Not    Management
      Alterations to the Articles of                      Vote
      Association, and Issuance of Class H
      Preference Shares
3     Approve Selective Capital Reduction       For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Reelect Lee Seng Wee as Director          For       For        Management
2b    Reelect Michael Wong Pakshong as Director For       For        Management
2c    Reelect Cheong Choong Kong as Director    For       For        Management
2d    Reelect Fong Weng Phak as Director        For       For        Management
2e    Reelect David Wong Cheong Fook as         For       For        Management
      Director
3     Declare Final Dividend of SGD 0.12 Per    For       For        Management
      Share
4     Approve Directors' Fees of SGD 625,000    For       For        Management
      for 2003
5     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
6b    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme 1994
6c    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
6d    Approve Conversion of the Ordinary Shares For       For        Management
      into Stock Units Transferable in Amounts
      and Multiples of SGD1.00 Each
6e    Amend Articles of Association             For       For        Management
7     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: JUL 28, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reduction in Stated Capital and   For       For        Management
      Share Premium Account


--------------------------------------------------------------------------------

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  SG1L51001825
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Employee Share Purchase Plan      For       For        Management


--------------------------------------------------------------------------------

OVERSEAS UNION ENTERPRISE LTD.

Ticker:                      Security ID:  SG1N99002122
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend                    For       For        Management
3     Approve Directors' Fees of SGD 435,000    For       For        Management
4a    Reelect Wee Cho Yaw as Director           For       For        Management
4b    Reelect Lim Boon Kheng as Director        For       For        Management
5a    Reelect Margaret Lien Wen Hsien as        For       For        Management
      Director
5b    Reelect Kua Hong Pak as Director          For       For        Management
6     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
7     Other Business (Voting)                   For       Against    Management
8     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

PARKWAY HOLDINGS LTD.

Ticker:                      Security ID:  SG1R90002267
Meeting Date: MAR 31, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

PARKWAY HOLDINGS LTD.

Ticker:                      Security ID:  SG1R90002267
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.04 Per    For       For        Management
      Share
3a    Reelect Tony Tan Choon Keat as Director   For       For        Management
3b    Reelect Ho Kian Guan as Director          For       For        Management
3c    Reelect Sunil Chandiramani as Director    For       For        Management
4     Reappoint Prathap Reddy as Director       For       For        Management
5     Approve Directors' Fees of SGD 550,000    For       For        Management
      for the Year 2003
6     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
7a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7b    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SEMBCORP INDUSTRIES LIMITED

Ticker:                      Security ID:  SG1G26864940
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.05 Per    For       For        Management
      Share
3     Reelect K Shanmugam as Director           For       For        Management
4     Reelect Goh Geok Ling as Director         For       For        Management
5     Reelect Richard Hale as Director          For       For        Management
6     Reelect Yong Ying-I as Director           For       For        Management
7     Reelect Vichit Suraphongchai as Director  For       For        Management
8     Reappoint Tetsuro Kawakami as Director    For       For        Management
9     Approve Directors' Fees of SGD 675,321    For       For        Management
      for the Year Ended Dec. 31, 2003
10    Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
12    Approve Mandate for Transactions with     For       For        Management
      Related Parties
13    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option Plan
      and Performance Share Plan and Restricted
      Stock Plan


--------------------------------------------------------------------------------

SEMBCORP LOGISTICS LTD (FRM.SEMBAWANG MARITIME LTD.)

Ticker:                      Security ID:  SG1J98892651
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.0275 Per  For       For        Management
      Share
3     Reelect Barry Desker as Director          For       For        Management
4     Reelect Klaus Herms as Director           For       For        Management
5     Reelect Lim Kok Hoong, Steven as Director For       For        Management
6     Approve Directors' Fees of SGD 284,000    For       For        Management
      for the Year Ended Dec. 31, 2003
7     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
8     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
9     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Plan, the Performance Share Plan and the
      Restricted Stock Plan
10    Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

SEMBCORP MARINE LTD (FRM.JURONG SHIPYARD LTD.)

Ticker:                      Security ID:  SG1H97877952
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.01 Per    For       For        Management
      Share and Special Dividend of SGD 0.025
      Per Share
3     Reelect Wong Kok Siew as Director         For       For        Management
4     Reelect Tan Pheng Hock as Director        For       For        Management
5     Reelect Tan Tew Han as Director           For       For        Management
6     Reelect Ajaib Haridass as Director        For       For        Management
7     Approve Directors' Fees of SGD 332,332    For       For        Management
      for the Year Ended Dec. 31, 2003
8     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Mandate for Transactions with     For       For        Management
      Related Parties
11    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Plan, the Performance Share Plan and the
      Restricted Stock Plan


--------------------------------------------------------------------------------

SINGAPORE AIRLINES LIMITED

Ticker:                      Security ID:  SG1H95001506
Meeting Date: JUL 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Authorize Share Repurchase Program        For       For        Management
4     Amend Employee Share Option Plan          For       Against    Management
5     Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

SINGAPORE AIRLINES LIMITED

Ticker:                      Security ID:  SG1H95001506
Meeting Date: JUL 26, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.09 Per    For       For        Management
      Share
3     Elect Brian Pitman as Director            For       For        Management
4a    Reelect Fock Siew Wah as Director         For       For        Management
4b    Reelect Ho Kwon Ping as Director          For       For        Management
5     Reelect Chew Choon Seng as Director       For       For        Management
6     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
7     Approve Directors' Fees of SGD 571,000    For       For        Management
      for the Year Ended Mar. 31, 2003
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SINGAPORE EXCHANGE LTD.

Ticker:                      Security ID:  SG1J26887955
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2a    Reelect Hsieh Fu Hua as Director          For       For        Management
2b    Reelect Tang Wee Loke as Director         For       For        Management
3a    Reelect Joseph Yuvaraj Pillay as Director For       For        Management
3b    Reelect Richard Gnodde as Director        For       For        Management
4a    Appoint Ng Kee Choe as Director           For       For        Management
4b    Appoint Loh Boon Chye as Director         For       For        Management
5     Appoint Geoffrey Wong as Director         For       For        Management
6     Approve Directors' Fees of SGD 370,100    For       For        Management
7     Declare Gross Final Dividend of SGD 0.035 For       For        Management
      Per Share
8     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme


--------------------------------------------------------------------------------

SINGAPORE EXCHANGE LTD.

Ticker:                      Security ID:  SG1J26887955
Meeting Date: OCT 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Declare Special Dividend of SGD 0.27 Per  For       For        Management
      Share
4     Approve Proposed Modification to Rule     For       For        Management
      11.1 of the SGX Share Option Plan
5     Approve Proposed Modification to Rule     For       For        Management
      7.3(b)of the SGX Share Option Plan


--------------------------------------------------------------------------------

SINGAPORE LAND LTD.

Ticker:                      Security ID:  SG1S69002321
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.125 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 294,500    For       For        Management
      for the Year Ended Dec. 31, 2003
4a    Reelect James Go as Director              For       For        Management
4b    Reelect Lance Gokongwei as Director       For       For        Management
4c    Reelect Gwee Lian Kheng as Director       For       For        Management
4d    Reelect Pang Cheng Lian as Director       For       For        Management
5a    Reelect Wee Cho Yaw as Director           For       For        Management
5b    Reelect John Gokongwei, Jr. as Director   For       For        Management
5c    Reelect Tan Boon Teik as Director         For       For        Management
5d    Reelect Gabriel Singson as Director       For       For        Management
6     Reappoint Auditors and Authorize Board to For       For        Management
      Fix Their Remuneration
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

SINGAPORE PRESS HOLDINGS LTD.

Ticker:                      Security ID:  SG1G28865390
Meeting Date: DEC 5, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.50 Per    For       For        Management
      Share, and a Special Dividend of SGD 0.30
      Per Share
3a    Reelect Lim Chin Beng as Director         For       For        Management
3b    Reelect Michael Fam Yue Onn as Director   For       For        Management
3c    Reelect Lee Ek Tieng as Director          For       For        Management
3d    Reelect Tang I-Fang as Director           For       For        Management
4     Reelect Ngiam Tong Dow as Director        For       For        Management
5a    Elect Philip Pillai as Director           For       For        Management
5b    Elect Sum Soon Lim as Director            For       For        Management
6     Approve Directors' Fees of SGD 700,207    For       For        Management
7     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
8     Other Business (Voting)                   For       Against    Management
9a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
9b    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme
9c    Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

SINGAPORE PRESS HOLDINGS LTD.

Ticker:                      Security ID:  SG1G28865390
Meeting Date: MAY 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Subdivision of Shares, the    For       For        Management
      Reduction of Capital and the Cash
      Distribution to Shareholders


--------------------------------------------------------------------------------

SINGAPORE TECHNOLOGIES ENGINEERING

Ticker:                      Security ID:  SG1F60858221
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend and Special Tax    For       For        Management
      Exempt Dividend
3a    Reelect Koh Beng Seng as Director         For       For        Management
3b    Reelect Ng Yat Chung as Director          For       For        Management
3c    Reelect Tan Kim Siew as Director          For       For        Management
3d    Reelect Lui Pao Chuen as Director         For       For        Management
3e    Reelect Winston Tan Tien Hin as Director  For       For        Management
3f    Approve Retirement of Tan Guong Ching as  For       For        Management
      Director
4     Approve Directors' Fees of SGD 361,959    For       For        Management
      for the Year Ended Dec. 31, 2003
5     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
6     Other Business (Voting)                   For       Against    Management
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
8     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Plan, Performance Share Plan and the
      Restricted Stock Plan


--------------------------------------------------------------------------------

SINGAPORE TECHNOLOGIES ENGINEERING

Ticker:                      Security ID:  SG1F60858221
Meeting Date: MAR 31, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management
2     Approve Mandate for Transactions with     For       For        Management
      Related Parties


--------------------------------------------------------------------------------

SINGAPORE TELECOMMUNICATIONS LTD.

Ticker:                      Security ID:  SG1A62000819
Meeting Date: AUG 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Performance Share Plan            For       For        Management
2     Approve Performance Share Plan for        For       For        Management
      Purposes of Exception to the Listing Rule
      of the Australian Stock Exchange
3     Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Performance Share
      Plan
4     Authorize Share Repurchase Program        For       For        Management
5     Amend Articles of Association             For       For        Management
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

SINGAPORE TELECOMMUNICATIONS LTD.

Ticker:                      Security ID:  SG1A62000819
Meeting Date: AUG 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.055 Per   For       For        Management
      Share
3     Reelect Lee Hsien Yang as Director        For       For        Management
4     Reelect Quek Poh Huat as Director         For       For        Management
5     Reelect Heng Swee Keat as Director        For       For        Management
6     Reelect Simon Israel as Director          For       For        Management
7     Reelect Tommy Koh as Director             For       For        Management
8     Approve Directors' Fees of SGD 675,375    For       For        Management
      and SGD 855,375 for the Year Ended Mar.
      31, 2003
9     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
10    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Share Option
      Scheme 1999


--------------------------------------------------------------------------------

SMRT CORPORATION LTD

Ticker:                      Security ID:  SG1I86884935
Meeting Date: JUL 17, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Approve Adoption of a New Mandate for     For       For        Management
      Transactions with Related Parties


--------------------------------------------------------------------------------

SMRT CORPORATION LTD

Ticker:                      Security ID:  SG1I86884935
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.017 Per   For       For        Management
      Share
3     Approve Directors' Fees of SGD 187,344    For       For        Management
      for the Year Ended Mar. 31, 2003
4a    Reelect Cheah Kean Huat as Director       For       For        Management
4b    Reelect Chew Choon Seng and Jimmy Phoon   For       For        Management
      Siew Heng as Directors
5a    Reelect Choo Chiau Beng as Director       For       For        Management
5b    Reelect Niam Chiang Meng as Director      For       For        Management
5c    Reelect Nithiah Nandan s/o Arumugam as    For       For        Management
      Director
5d    Reelect Saw Phaik Hwa as Director         For       For        Management
6     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
7     Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Employee Share
      Option Scheme
8     Other Business (Voting)                   For       Against    Management


--------------------------------------------------------------------------------

UNITED OVERSEAS BANK

Ticker:       UOVEY          Security ID:  SG1M31001969
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.40 Per    For       For        Management
      Share
3     Approve Directors' Fees of SGD 618,750    For       For        Management
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5     Reelect Sim Wong Hoo as Director          For       For        Management
6     Reelect Lim Pin as Director               For       For        Management
7     Reelect Margaret Lien Wen Hsien as        For       For        Management
      Director
8     Reelect Ng Boon Yew as Director           For       For        Management
9     ReappointWee Cho Yaw as Director          For       For        Management
10    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the 1999 Share Option
      Scheme
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

UNITED OVERSEAS BANK

Ticker:       UOVEY          Security ID:  SG1M31001969
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

UNITED OVERSEAS LAND LTD.

Ticker:                      Security ID:  SG1S83002349
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare First and Final Dividend of SGD   For       For        Management
      0.075 Per Share
3     Approve Directors' Fees of SGD 251,000    For       For        Management
      for the Year Ended Dec. 31, 2003
4a    Reappoint Wee Cho Yaw as Director         For       For        Management
4b    Reappoint Lim Kee Ming as Director        For       For        Management
4c    Reappoint Alan Choe Fook Cheong as        For       For        Management
      Director
5     Reelect Wee Ee Cheong as Director         For       For        Management
6     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7a    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the 2000 Share Option
      Scheme
7b    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


--------------------------------------------------------------------------------

VENTURE CORPORATION LTD (FRMLY VENTURE MANUFACTURING)

Ticker:                      Security ID:  SG0531000230
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       For        Management
2     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
3     Adopt Venture Corporation Executives'     For       Against    Management
      Share Option Scheme


--------------------------------------------------------------------------------

VENTURE CORPORATION LTD (FRMLY VENTURE MANUFACTURING)

Ticker:                      Security ID:  SG0531000230
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final and Bonus Dividends         For       For        Management
3     Reelect Soo Eng Hiong as Director         For       For        Management
4     Reelect Goh Geok Ling as Director         For       For        Management
5     Reelect Goon Kok Loon as Director         For       For        Management
6     Reelect Cecil Vivian Richard Wong as      For       For        Management
      Director
7     Approve Directors' Fees of SGD 86,000     For       For        Management
8     Reappoint Deloiotte & Touche as Auditors  For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Venture
      Manufacturing (Singapore) Ltd.
      Executives' Share Option Scheme


--------------------------------------------------------------------------------

WING TAI HOLDINGS

Ticker:                      Security ID:  SG1K66001688
Meeting Date: NOV 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


--------------------------------------------------------------------------------

WING TAI HOLDINGS

Ticker:                      Security ID:  SG1K66001688
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       Abstain    Management
      and Auditors' Reports
2     Declare Final Dividend                    For       For        Management
3     Approve Directors' Fees                   For       For        Management
4     Reelect Cheng Wai Keung as Director       For       For        Management
5     Reelect Boey Tak Hap as Director          For       For        Management
6     Reelect Cheng Man Tak as Director         For       For        Management
7     Reelect Christopher Patrick Langley as    For       For        Management
      Director
8     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Reelect Phua Bah Lee as Director          For       For        Management
10    Reelect Lee Han Yang as Director          For       For        Management
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
12    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Wing Tai Hldgs.
      Ltd. Executives' Share Option Scheme
13    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Wing Tai Hldgs.
      Ltd. (2001) Share Option Scheme




===================== ISHARES MSCI SOUTH AFRICA INDEX FUND =====================


AFRICAN BANK INVESTMENTS (FORMERLY THETA GROUP )

Ticker:                      Security ID:  ZAE000030060
Meeting Date: FEB 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
1.2.2 Reelect A.S. Mabogoane as Director        For       For        Management
1.2.3 Reelect L. Kirkinis as Director           For       For        Management
1.2.4 Reelect G. Schachat as Director           For       For        Management
1.2.5 Reelect D.F.G. Tembe as Director          For       For        Management
1.2.6 Reelect J.A. de Ridder as Director        For       For        Management
1.2.7 Reelect D. F. Woollam as Director         For       For        Management
2     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
3     Approve Company to Make Payments to       For       For        Management
      Shareholders
4     Approve Reduction in Share Capital by Way For       For        Management
      of Cancellation of 20 Million Shares Held
      by Standard General Insurance Company
      Ltd.
5     Approve Reappointment of Delotte & Touche For       For        Management
      as Auditors and Authorize Board to Fix
      Their Remuneration
6     Amend Articles to Reflect Approval of     For       For        Management
      Share Repurchase
7     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
8     Amend Articles of Association Re:         For       For        Management
      Dividends


--------------------------------------------------------------------------------

ALEXANDER FORBES LIMITED (FORMERLY FORBES GROUP)

Ticker:                      Security ID:  ZAE000018230
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Mar. 31, 2003
2.1   Reelect G.W. Kerrigan as Director         For       For        Management
2.2   Reelect M.C. Ramaphosa as Director        For       For        Management
2.3   Reelect J.V.H. Robins as Director         For       For        Management
2.4   Reelect C.P. van Niekerk as Director      For       For        Management
3     Reappoint PricewaterhouseCoopers Inc. as  For       For        Management
      Auditors
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Cash Distribution to Shareholders For       For        Management
      in the Amount of ZAR 0.15 by Means of a
      Reduction of Share Premium Account
6     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ANGLO AMERICAN PLATINUM CORP. LTD.

Ticker:                      Security ID:  ZAE000013181
Meeting Date: MAR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Creation of 40 Million          For       For        Management
      Convertible Perpetual Cumulative
      Preference Shares
2     Amend Articles to Re: Rights and          For       For        Management
      Privileges of Preference Shares
3     Approve Increase in Authorized Capital    For       For        Management
      Equal to Any Increase in Issued Capital
      Due to Conversion of Preference Shares
      into Ordinary Shares
4     Place Authorized But Unissued Preference  For       For        Management
      Shares under Control of Directors


--------------------------------------------------------------------------------

ANGLO AMERICAN PLATINUM CORP. LTD.

Ticker:                      Security ID:  ZAE000013181
Meeting Date: MAR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Share Option Scheme, Long-Term    For       Against    Management
      Incentive Plan, Deferred Bonus Plan, and
      Share Trust
2     Authorize Board to Ratify and Execute     For       Against    Management
      Approved Resolutions


--------------------------------------------------------------------------------

ANGLO AMERICAN PLATINUM CORP. LTD.

Ticker:                      Security ID:  ZAE000013181
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2.1   Reelect L. Boyd as Director               For       For        Management
2.2   Reelect W.A. Nairn as Director            For       For        Management
2.3   Reelect R. Havenstein as Director         For       For        Management
      Appointed During the Year
2.4   Reelect B.A. Khumalo as Director          For       For        Management
      Appointed During the Year
2.5   Reelect R.G. Mills as Director Appointed  For       For        Management
      During the Year
2.6   Reelect A.M. Thebyane as Director         For       For        Management
      Appointed During the Year
2.7   Reelect P.L Zim as Director Appointed     For       For        Management
      During the Year
3     Ratify Deloitte & Touche as Auditors      For       For        Management
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Remuneration of Directors         For       For        Management


--------------------------------------------------------------------------------

ANGLO AMERICAN PLC (FORMERLY ANGLO AME. CORP. OF S. AFRICA L

Ticker:                      Security ID:  GB0004901517
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 39 US cents Per For       For        Management
      Ordinary Share
3     Elect M Marques as Director               For       For        Management
4     Re-elect Barry Davison as Director        For       For        Management
5     Re-elect Chris Fay as Director            For       For        Management
6     Re-elect Tony Lea as Director             For       For        Management
7     Re-elect Rob Margetts as Director         For       For        Management
8     Re-elect Bill Nairn as Director           For       For        Management
9     Re-elect Nicky Oppenheimer as Director    For       For        Management
10    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
11    Approve Remuneration Report               For       For        Management
12    Approve Anglo American Bonus Share Plan   For       For        Management
      2004
13    Authorise the Directors to Establish      For       For        Management
      Further Similar Bonus Share Plans
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 246,500,000
15    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 31,750,000
16    Authorise 148 Million Shares for Market   For       For        Management
      Purchase


--------------------------------------------------------------------------------

ANGLOGOLD ASHANTI LTD.

Ticker:       ASL            Security ID:  ZAE000043485
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Reelect J.G. Best as Director             For       For        Management
3     Reelect E. le R. Bradley as Director      For       For        Management
4     Reelect A.J. Trahar as Director           For       Against    Management
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Approve Increase in Remuneration of       For       For        Management
      Directors
8     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

ANGLOGOLD ASHANTI LTD.

Ticker:       ASL            Security ID:  ZAE000043485
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of Up to 15.4 Million  For       For        Management
      Shares Pursuant to Conversion of 2.375
      Percent Guaranteed Convertible Bonds
2     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
3     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of Ten
      Percent of Issued Capital


--------------------------------------------------------------------------------

ANGLOGOLD ASHANTI LTD.

Ticker:       ASHHF          Security ID:  ZAE000043485
Meeting Date: APR 8, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Change of Company Name to         For       For        Management
      AngloGold Ashanti Limited


--------------------------------------------------------------------------------

AVI LTD(FRMLY ANGLOVAAL INDUSTRIES LTD. (AVI))

Ticker:                      Security ID:  ZAE000030102
Meeting Date: OCT 20, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Reelect KPMG Inc. as Auditors             For       For        Management
3     Reelect A.J. Ardington as Director        For       For        Management
4     Reelect P.M. Goss as Director             For       For        Management
5     Reelect J.R. Hersov as Director           For       For        Management
6     Reelect B.T. Wood as Director             For       For        Management
7     Change Company Name to AVI Limited        For       For        Management
8     Amend The Anglovaal Industries Limited    For       Against    Management
      Equity Participation Plan
9     Amend Articles Re: Preference Shares      For       Against    Management
10    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
12    Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors


--------------------------------------------------------------------------------

BARLOWORLD LIMITED (FORMERLY BARLOW LTD.)

Ticker:                      Security ID:  ZAE000026639
Meeting Date: JAN 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allotment and Issuance of Shares  For       For        Management
      Pursuant to Avis Southern Africa Scheme
      of Arrangement
2     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BARLOWORLD LIMITED (FORMERLY BARLOW LTD.)

Ticker:                      Security ID:  ZAE000026639
Meeting Date: JAN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Sept. 30, 2003
2     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
3.1   Reelect L.S. Day as Director              For       For        Management
3.2   Reelect S.B. Pfeiffer as Director         For       For        Management
3.3   Reelect A.J. Phillips as Director         For       For        Management
3.4   Reelect P.M. Surgey as Director           For       For        Management
3.5   Elect C.B. Thomson as Director            For       For        Management
3.6   Reelect R.C. Tomkinson as Director        For       For        Management
4     Reappoint Deloitte & Touche as Auditors   For       For        Management
5     Approve Stock Option Plan Grants          For       Against    Management
6     Amend Stock Option Scheme Re: Reduce      For       Against    Management
      Maximum Life of Options to Six Years


--------------------------------------------------------------------------------

BIDVEST GROUP LTD.

Ticker:                      Security ID:  ZAE000008132
Meeting Date: NOV 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement Re:         For       For        Management
      Acquisition of 45 Million Bidvest Shares
      by Dinatla, and Issuance of Securities in
      BidBEE and Call Options in Bidvest to
      Scheme Participants


--------------------------------------------------------------------------------

BIDVEST GROUP LTD.

Ticker:                      Security ID:  ZAE000008132
Meeting Date: NOV 25, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Approve Remuneration of Directors         For       For        Management
3     Reappoint Auditors                        For       For        Management
4     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Approve Reduction of Share Premium        For       For        Management
      Account by Way of Cash Payment to
      Shareholders in Lieu of Dividends
8.1   Reelect M.C. Berzack as Director          For       For        Management
8.2   Reelect D. Masson as Director             For       For        Management
8.3   Reelect S.P. Ngwenya as Director          For       For        Management
8.4   Reelect L.P. Ralphs as Director           For       For        Management
8.5   Reelect D.K. Rosevear as Director         For       Against    Management
8.6   Reelect P.C. Steyn as Director            For       For        Management
8.7   Reelect P.D. Womersley as Director        For       For        Management
8.8   Reelect L.K. Matisonm as Director         For       For        Management
8.9   Elect D.D.B. Band as Director Appointed   For       For        Management
      During the Year
8.10  Elect F.J. Barnes as Director Appointed   For       For        Management
      During the Year
8.11  Elect B.L. Berson as Director Appointed   For       For        Management
      During the Year
8.12  Elect N. Cassim as Director Appointed     For       For        Management
      During the Year
8.13  Elect M.B.N. Dube as Director Appointed   For       For        Management
      During the Year
8.14  Elect L. Jacobs as Director Appointed     For       For        Management
      During the Year
8.15  Elect B.R. Chipkin as Director Appointed  For       For        Management
      During the Year


--------------------------------------------------------------------------------

BIDVEST GROUP LTD.

Ticker:                      Security ID:  ZAE000008132
Meeting Date: NOV 10, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of up to 18 Million    For       For        Management
      Ordinary Shares to Scheme Participants


--------------------------------------------------------------------------------

DIMENSION DATA HOLDINGS PLC

Ticker:                      Security ID:  GB0008435405
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Re-elect Stephen Joubert as Director      For       For        Management
4     Re-elect Patrick Quarmby as Director      For       For        Management
5     Re-elect Peter Wharton-Hood as Director   For       For        Management
6     Elect Josua Malherbe as Director          For       Against    Management
7     Elect Brett Dawson as Director            For       For        Management
8     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Amend The Dimension Data Holdings plc     For       For        Management
      Share Option Scheme 2000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pree-mptive
      Rights up to Aggregate Nominal Amount of
      USD 4,473,850
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 671,070


--------------------------------------------------------------------------------

FIRSTRAND LIMITED

Ticker:                      Security ID:  ZAE000014973
Meeting Date: DEC 2, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Reelect V.W. Bartlett as Director         For       For        Management
3     Reelect D.J.A Craig as Director           For       For        Management
4     Reelect P.M. Goss as Director             For       For        Management
5     Approve Remuneration of Directors for     For       For        Management
      Year Ended June 30, 2003
6     Approve Remuneration of Directors for     For       For        Management
      Fiscal Year 2004
7     Reappoint PricewaterhouseCoopers Inc. as  For       For        Management
      Auditors
8     Authorize Board to Fix and Pay            For       For        Management
      Remuneration of the Auditors
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
11    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
12    Authorize Creation of B Variable Rate     For       For        Management
      Non-Cumulative Non-Redeemable Preference
      Shares
13    Authorize Creation of C Variable Rate     For       For        Management
      Non-Cumulative Non-Redeemable Preference
      Shares
14    Authorize Creation of D Variable Rate     For       For        Management
      Non-Cumulative Non-Redeemable Preference
      Shares
15    Amend Articles 53, 54, and 55 Re: Rights  For       For        Management
      and Privileges of Preference Shares
16    Amend Memorandum of Association Re:       For       For        Management
      Composition of Share Capital
17    Place Authorized But Unissued Preference  For       For        Management
      Shares under Control of Directors
18    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

FOSCHINI LTD.

Ticker:                      Security ID:  ZAE000031019
Meeting Date: SEP 3, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Company and Group Financial        For       Abstain    Management
      Statements and Statutory Reports for Year
      Ended Mar. 31, 2003
2     Reappoint KPMG Inc. as Auditors and       For       For        Management
      Authorize Board to Fix Their Remuneration
3     Reelect E. Osrin as Director              For       For        Management
4     Reelect D.M. Durek as Director            For       For        Management
5     Reelect D.M. Polak as Director            For       For        Management
6     Reelect F. Abrahams as Director           For       For        Management
7     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GOLD FIELDS LIMITED

Ticker:       DRFNY          Security ID:  ZAE000018123
Meeting Date: MAR 8, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance by GFI Mining of New     For       For        Management
      Shares Representing 15 Percent of Issued
      Capital of GFI to Mvelaphanda Gold (Pty)
      Ltd.
2     Approve Issuance by Company of New Shares For       For        Management
      to Mvelaphanda, Micawber or Mezzanine
      Financiers if Shares Equivalent to 15
      Percent of Issused Capital of GFI Mining
      are Acquired by Company Pursuant to Right
      of Call
3     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

GOLD FIELDS LIMITED

Ticker:       DRFNY          Security ID:  ZAE000018123
Meeting Date: NOV 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2.1   Reelect J.M. McMahon as Director          For       For        Management
2.2   Reelect B.R. Van Rooyen as Director       For       For        Management
2.3   Reelect C.I. Von Christierson as Director For       For        Management
2.4   Reelect A.J. Wright as Director           For       For        Management
3     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
4     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
5     Authorize the Company and Any of Its      For       For        Management
      Subsidiaries to Repurchase Up to 20
      Percent of the Company's Issued Share
      Capital


--------------------------------------------------------------------------------

HARMONY GOLD MINING LTD.

Ticker:       HMY            Security ID:  ZAE000015228
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Fiscal Year Ended June
      30, 2003
2     Approve Remuneration of Directors         For       For        Management
3.1   Elect M.M.M.M. Bakane-Tuoane as Director  For       For        Management
3.2   Elect W.M. Gule as Director               For       For        Management
3.3   Elect M.W. King as Director               For       For        Management
3.4   Elect P.T. Motsepe as Director            For       For        Management
3.5   Elect C.M.L. Savage as Director           For       For        Management
3.6   Elect S.P. Sibisi as Director             For       For        Management
3.7   Elect D.V. Simelane as Director           For       For        Management
3.8   Elect R.V. Simelane as Director           For       For        Management
3.9   Elect M.V. Sisulu as Director             For       For        Management
3.10  Elect P. Taljaard e as Director           For       For        Management
3.11  Elect A.J. Wilkens as Director            For       For        Management
4.1   Reelect T.S.A. Grobicki as Director       For       For        Management
4.2   Reelect M.F. Pleming as Director          For       For        Management
4.3   Reelect Z.B. Swanepoel as Director        For       For        Management
5     Amend Articles of Association to Reflect  For       For        Management
      Amended JSE Listing Requirements Re:
      Share Issuances
6     Amend Articles of Association to Reflect  For       For        Management
      Amended JSE Listing Requirements Re:
      Announcements of Notices of Meetings
      Through SENS
7     Amend Articles of Association Re: Quorum  For       For        Management
      at Board Meetings
8     Amend Articles of Association Re:         For       For        Management
      Approval of Board Resolutions
9     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
10    Approve Harmony (2003) Share Option       For       Against    Management
      Scheme
11    Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
12    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

HARMONY GOLD MINING LTD.

Ticker:       HMY            Security ID:  ZAE000015228
Meeting Date: SEP 1, 2003    Meeting Type: Special
Record Date:  AUG 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       Did Not    Management
      From ZAR 125 Million to ZAR 175 Million             Vote
2     Approve Scheme of Arrangement Between     For       Did Not    Management
      Company and African Rainbow Minerals Gold           Vote
      Ltd., Substitute Offer, and Issuance of
      Up to 64 Million Harmony Shares
3     Place Authorized But Unissued Shares      For       Did Not    Management
      under Control of Directors                          Vote
4     Approve Issuance of Shares without        For       Did Not    Management
      Preemptive Rights up to a Maximum of 15             Vote
      Percent of Issued Capital
5     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote


--------------------------------------------------------------------------------

HARMONY GOLD MINING LTD.

Ticker:       HMY            Security ID:  ZAE000015228
Meeting Date: MAY 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issuance of 1,700 Convertible   For       For        Management
      Bonds without Preemptive Rights
2     Authorize Board to Allot and Issue New    For       For        Management
      Shares Pursuant to Conversion of
      Convertible Bonds
3     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

IMPALA PLATINUM HOLDINGS LTD.

Ticker:                      Security ID:  ZAE000003554
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2     Confirm Appointment of T.V. Mokgatlha and For       For        Management
      L.J. Paton as Directors
3     Reelect M.V. Mennell, D.H. Brown, K.C.    For       For        Management
      Rumble, and D.M. O'Connor as Directors
4     Approve Remuneration of Directors         For       For        Management
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Approve Amendments to Deed of Implats     For       For        Management
      Share Incentive Trust Re: Deed of
      Agreements Entered into Between Impala
      Platinum Ltd. and Implats Share Incentive
      Trust
8     Amend Articles of Association Re: Board   For       Against    Management
      Size and Board Decisions
9     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

IMPERIAL HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000003620
Meeting Date: NOV 4, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Nov. 4, 2002 AGM       For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Remuneration of Directors         For       For        Management
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares, Options, or   For       For        Management
      Convertible Securities without Preemptive
      Rights up to a Maximum of 15 Percent of
      Issued Capital
7     Confirm Appointment of M.J. Leeming and   For       For        Management
      S.A. Tati as Directors
8     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
9.1   Reelect L. Boyd as Director               For       For        Management
9.2   Reelect P.L. Erasmus as Director          For       For        Management
9.3   Reelect E. Molobi as Director             For       For        Management
10    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
11    Approve Reduction of Share Premium        For       For        Management
      Account
12    Other Business                            None      Against    Management


--------------------------------------------------------------------------------

IMPERIAL HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000003620
Meeting Date: MAR 5, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Creation of up to 50 Million      For       For        Management
      Deferred Ordinary Shares
2     Amend Articles Re: Rights and Conditions  For       For        Management
      Attached to Deferred Ordinary Shares
3     Approve Issuance of 22.8 Million Deferred For       For        Management
      Ordinary Shares to Ukhamba Holdings (Pty)
      Ltd.
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ISCOR LTD.

Ticker:                      Security ID:  ZAE000037453
Meeting Date: NOV 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30 , 2003
2     Reelect R.G. Cottrell as Director         For       For        Management
3     Reelect S. Maheshwari as Director         For       For        Management
4     Reelect K.D.K. Mokhele as Director        For       For        Management
5     Reelect A.M. Thebyane as Director         For       For        Management
6     Reelect M.J.U.T. Van Wijngaarden as       For       For        Management
      Director
7     Approve Non-Executive Directors Fees for  For       For        Management
      the Year Ended June 30, 2003
8     Approve Remuneration of Non- Executive    For       For        Management
      Directors for the Period of Jan. 1, 2004
      to June 30, 2004
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

ISCOR LTD.

Ticker:                      Security ID:  ZAE000037453
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.1   Reelect Davinder Chugh as Director        For       For        Management
2.2   Reelect Malcolm MacDonald as Director     For       For        Management
2.3   Reelect Cathie Marcus as Director         For       For        Management
2.4   Reelect Aditya Mittal as Director         For       For        Management
2.5   Reelect Khaya Ngqula as Director          For       For        Management
3     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
4     Approve Remuneration of Directors for     For       For        Management
      Fiscal Year 2004
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

JD GROUP LTD.

Ticker:                      Security ID:  ZAE000030771
Meeting Date: AUG 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Odd Lot Offers         For       For        Management
2     Authorize Repurchase of Shares Pursuant   For       For        Management
      to Odd-Lot Offer
3     Approve Odd-Lot Offer                     For       For        Management
4     Approve Amended JD Group Employee Share   For       Against    Management
      Incentive Scheme
5     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

JD GROUP LTD.

Ticker:                      Security ID:  ZAE000030771
Meeting Date: FEB 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Aug. 31, 2003
2     Reelect M.E. King, D. Konar, and I.D.     For       Against    Management
      Sussman as Directors
3     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of Six
      Percent of Issued Capital
4     Reappoint Deloitte & Touche as Auditors   For       For        Management


--------------------------------------------------------------------------------

LIBERTY GROUP (FORMERLY LIBERTY LIFE ASSOCIATION OF AFRICA)

Ticker:                      Security ID:  ZAE000024543
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Approve Remuneration of Chairman in the   For       For        Management
      Amount of ZAR 825,000
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of ZAR 50,000
4     Approve Remuneration of Chairman of Audit For       For        Management
      and Actuarial Committee in the Amount of
      ZAR 75,000
5     Approve Remuneration of Members of Audit  For       For        Management
      and Actuarial Committee in the Amount of
      ZAR 40,000
6     Approve Remuneration of Chairman of Risk  For       For        Management
      Committee in the Amount of ZAR 50,000
7     Approve Remuneration of Members of Risk   For       For        Management
      Committee in the Amount of ZAR 25,000
8     Approve Remuneration of Chairman of       For       For        Management
      Remuneration Committee in the Amount of
      ZAR 40,000
9     Approve Remuneration of Members of        For       For        Management
      Remuneration Committee in the Amount of
      ZAR 25,000
10    Approve Remuneration of Chairman of       For       For        Management
      Transformation Committee in the Amount of
      ZAR 50,000
11    Approve Remuneration of Members of        For       For        Management
      Transformation Committee in the Amount of
      ZAR 25,000
12.1  Reelect A.W.B. Band as Director           For       For        Management
12.2  Reelect D.A. Hawton as Director           For       For        Management
12.3  Reelect S.J. Macozoma as Director         For       For        Management
12.4  Reelect L. Patel as Director              For       For        Management
12.5  Reelect S.P. Sibisi as Director           For       For        Management
13    Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
14    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of Ten
      Percent of Issued Capital
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

METRO CASH & CARRY LIMITED

Ticker:                      Security ID:  ZAE000012688
Meeting Date: SEP 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended Apr. 30, 2003
2.1   Reelect J.R. McAlpine as Director         For       For        Management
2.2   Reelect H. Mer as Director                For       For        Management
2.3   Reelect S.O. Shonhiwa as Director         For       For        Management
2.4   Reelect F. v. Z. Slabbert as Director     For       For        Management
2.5   Reelect R.D. Taurog as Director           For       For        Management
3     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
4     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital


--------------------------------------------------------------------------------

METROPOLITAN HOLDINGS LIMITED (FORMERLY NEW AFRICA CAPITAL)

Ticker:                      Security ID:  ZAE000033361
Meeting Date: NOV 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Company Name to Metropolitan       For       For        Management
      Holdings Ltd.
2     Amend Articles Re: Odd Lot Offers         For       For        Management
3     Authorize Repurchase of Shares Pursuant   For       For        Management
      to Odd-Lot Offer
4     Authorize Repurchase of 36.4 Million      For       For        Management
      Shares Held by New Africa Investments
      Ltd.
5     Approve Odd-Lot Offer                     For       For        Management
6     Approve Issuance of Shares with           For       For        Management
      Preemptive Rights Pursuant to Odd-Lot
      Offer
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 10
      Percent of Issued Capital
8     Authorize Any Director or Officer of      For       For        Management
      Company to Ratify and Execute Approved
      Resolutions


--------------------------------------------------------------------------------

METROPOLITAN HOLDINGS LIMITED (FORMERLY NEW AFRICA CAPITAL)

Ticker:                      Security ID:  ZAE000050456
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt New Articles of Association         For       For        Management
2     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
4     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
5     Approve Resignation of Ernst & Young as   For       For        Management
      Joint Auditors
6     Ratify PriceWaterhouseCoopers as Auditors For       For        Management
7     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
8.1   Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
8.2.1 Reelect W.P. Esterhuyse as Director       For       For        Management
8.2.2 Reelect S.A. Muller as Director           For       For        Management
8.2.3 Reelect M.L. Smith as Director            For       For        Management
8.2.4 Reelect F.A. Sonn as Director             For       For        Management
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

MTN GROUP LTD.(FORMERLY M-CELL)

Ticker:                      Security ID:  ZAE000042164
Meeting Date: SEP 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Company and Group Financial        For       Abstain    Management
      Statements and Statutory Reports for Year
      Ended Mar. 31, 2003
2     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
3.1   Reelect D.D.B. Band as Director           For       For        Management
3.2   Reelect R.S. Dabengwa as Director         For       For        Management
3.3   Reelect P.L. Heinamann as Director        For       For        Management
3.4   Reelect R.D. Nisbet as Director           For       For        Management
4.1   Elect A.F. van Biljon as Director         For       For        Management
4.2   Elect S.L. Botha as Director              For       For        Management
5     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
6     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
7     Waive Preemptive Rights for Share         For       For        Management
      Issuances
8     Approve Remuneration of Directors for     For       For        Management
      Year Ending Mar. 31, 2004
9     Approve Extension of Three Year Service   For       Against    Management
      Contract of P.F. Nhleko to Five Years
10    Amend Share Incentive Scheme Re: Pricing  For       For        Management
      of Options, Payment of Purchase Price,
      and Exercise of Options
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

NAMPAK LTD.

Ticker:                      Security ID:  ZAE000004933
Meeting Date: JAN 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect R.P. Becker as Director             For       For        Management
2.1   Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
2.1.1 Reelect M.M. Katz as Director             For       For        Management
2.1.2 Reelect A.M. Martinusen as Director       For       For        Management
2.1.3 Reelect K.M. Mokoape as Director          For       For        Management
2.1.4 Reelect M.L. Ndlovu as Director           For       For        Management
3     Approve Remuneration of Directors         For       For        Management
4     Approve Stock Option Grants to R.P.       For       Against    Management
      Becker and T. Evans
5     Approve Issuance of Up to 10.4 Million    For       Against    Management
      Shares Pursuant to Share Option Schemes
6     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

NEDCOR LTD.

Ticker:                      Security ID:  ZAE000004875
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
3     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

NEDCOR LTD.

Ticker:                      Security ID:  ZAE000004875
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Approve Award of Capitalization Shares as For       For        Management
      Dividends
3     Approve Distribution of Cash Dividends in For       For        Management
      the Amount of ZAR 2.40 for Shareholders
      Electing Cash Dividends
4.1   Reelect C.J.W. Ball as Director           For       For        Management
4.2   Reelect W.A.M. Clewlow as Director        For       For        Management
4.3   Reelect B.E. Davison as Director          For       For        Management
4.4   Reelect M.M. Katz as Director             For       For        Management
4.5   Reelect M.E. Mkwanazi as Director         For       For        Management
4.6   Reelect J.V.F Roberts as Director         For       For        Management
4.7   Reelect J.H. Sutcliffe as Director        For       For        Management
5     Elect Directors Proposed at the Meeting   For       Against    Management
6     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
7     Ratify Deloitte & Touche and KPMG as      For       For        Management
      Joint Auditors
8     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

NETWORK HEALTHCARE HOLDINGS LTD.

Ticker:                      Security ID:  ZAE000011953
Meeting Date: JAN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Sept. 30, 2003
2     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
3     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
4.1   Reelect R.H. Bush as Director             For       For        Management
4.2   Reelect J.M. Kahn as Director             For       For        Management
4.3   Reelect H.R. Levin as Director            For       For        Management
4.4   Reelect P.J. Lindeque as Director         For       For        Management
4.5   Reelect N. Weltman as Director            For       For        Management
5     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
6     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
8     Approve Reduction of Share Premium        For       For        Management
      Account by Means of Cash Distribution to
      Shareholders
9     Authorize Any Two Directors to Ratify and For       For        Management
      Execute Approved Resolutions
10    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

OLD MUTUAL PLC

Ticker:                      Security ID:  GB0007389926
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 3.1 Pence Per   For       For        Management
      Ordinary Share
3.1   Elect Michael Marks as Director           For       For        Management
3.2   Re-elect Rudi Bogni as Director           For       For        Management
3.3   Re-elect Norman Broadhurst as Director    For       For        Management
3.4   Re-elect Julian Roberts as Director       For       For        Management
4     Re-appoint KPMG Audit Plc as Auditors of  For       For        Management
      the Company
5     Authorise Audit Committee to Fix          For       For        Management
      Remuneration of the Auditors
6     Approve Remuneration Report               For       For        Management
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 127,917,000
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 19,187,000
9     Authorise 383,752,930 Ordinary Shares for For       For        Management
      Market Purchase
10.1  Approve the Contingent Purchase Contract  For       For        Management
      with Merrill Lynch South Africa (Pty)
      Limited up to 383,752,930 Ordinary Shares
10.2  Approve the Contingent Purchase Contract  For       For        Management
      with Investment House Namibia (Pty)
      Limited up to 383,752,930 Ordinary Shares
10.3  Approve the Contingent Purchase Contract  For       For        Management
      with Fleming Martin Edwards Securities
      (Private) Limited up to 383,752,930
      Ordinary Shares
10.4  Approve the Contingent Purchase Contract  For       For        Management
      with Stockbrokers Malawi Limited up to
      383,752,930 Ordinary Shares
11    Adopt New Articles of Association         For       For        Management
12    Approve Proposals Relating to the         For       For        Management
      Unclaimed Shares Trusts; Amend Memorandum
      of Association


--------------------------------------------------------------------------------

OLD MUTUAL PLC

Ticker:                      Security ID:  GB0007389926
Meeting Date: MAY 14, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Proposals Relating to the         For       For        Management
      Unclaimed Shares Trusts and Amend
      Memorandum of Association


--------------------------------------------------------------------------------

PICK 'N PAY STORES

Ticker:                      Security ID:  ZAE000005443
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Feb. 29, 2004
2     Reappoint KPMG Inc. as Auditors           For       For        Management
3.1   Reelect Rene de Wet as Director           For       For        Management
3.2   Reelect Colin Hultzer as Director         For       For        Management
3.3   Reelect Davis Nurek as Director           For       For        Management
3.4   Reelect Sean Summers as Director          For       Against    Management
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Remuneration of Directors         For       For        Management
6     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SANLAM LIMITED

Ticker:                      Security ID:  ZAE000028262
Meeting Date: APR 1, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Authorize Creation of A and B Convertible For       For        Management
      Redeemable Non-Participating Preference
      Shares
3     Amend Articles Re: Creation of A and B    For       For        Management
      Convertible Redeemable Non-Participating
      Preference Shares
4     Authorize Allotment and Issuance of       For       For        Management
      Shares to Ubuntu-Botho and
      Demutualization Trust
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SANLAM LIMITED

Ticker:                      Security ID:  ZAE000028262
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Year Ended Dec. 31, 2003                Vote
2     Reappoint External Auditors               For       Did Not    Management
                                                          Vote
3.1   Reelect M.M.M. Bakane-Tuoane as Director  For       Did Not    Management
                                                          Vote
3.2   Reelect F.A. du Plessis as Director       For       Did Not    Management
                                                          Vote
3.3   Reelect W. James as Director              For       Did Not    Management
                                                          Vote
4     Reelect J.J.M. van Zyl as Director        For       Did Not    Management
                                                          Vote
5     Reelect Three Directors to Be Appointed   For       Did Not    Management
      in Casual Vacancies or as Additional                Vote
      Directors Following Completion of
      Ubuntu-Botho Transactions
6     Authorize Board to Fix Remuneration of    For       Did Not    Management
      the Auditors                                        Vote
7     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
8     Place Authorized But Unissued Shares      For       Did Not    Management
      under Control of Directors                          Vote
9     Authorize Repurchase of Up to 20 Percent  For       Did Not    Management
      of Issued Share Capital                             Vote


--------------------------------------------------------------------------------

SAPPI LTD.

Ticker:                      Security ID:  ZAE000006284
Meeting Date: MAR 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Confirm Appointment of J.C.A. Leslie as   For       For        Management
      Director
1.2   Confirm Appointment of H.C.J. Mamsch as   For       For        Management
      Director
2.1   Reelect M.R. Haymon as Director           For       For        Management
2.2   Reelect E. van As as Director             For       For        Management
2.3   Reelect D.G. Wilson  as Director          For       For        Management
3     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
4     Authorize Sale of Treasury Shares to      For       For        Management
      Sappi Share Incentive Scheme
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SASOL LTD.

Ticker:       SSL            Security ID:  ZAE000006896
Meeting Date: NOV 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Company and Group Financial       For       Abstain    Management
      Statements and Statutory Reports For Year
      Ended June 30, 2003
2.1   Reelect W.A.M. Clewlow as Director        For       For        Management
2.2   Reelect P.V. Cox as Director              For       For        Management
2.3   Reelect S. Montisi as Director            For       For        Management
2.4   Reelect C.B. Strauss as Director          For       For        Management
2.5   Reelect T.S. Munday as Director           For       For        Management
3.1   Reelect E. le R. Bradley as Director      For       For        Management
4.1   Reelect M.V.S. Gantsho as Director        For       For        Management
4.2   Reelect A. Jain as Director               For       For        Management
4.3   Reelect S.B. Pfeiffer as Director         For       For        Management
5     Reappoint KPMG Inc. as Auditors           For       For        Management
6     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
7     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
8     Approve Remuneration of Directors         For       For        Management


--------------------------------------------------------------------------------

SHOPRITE HOLDINGS LTD.

Ticker:                      Security ID:  ZAE000012084
Meeting Date: OCT 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended 30, 2003
2     Approve Remuneration of Directors         For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors
4     Approve Dividends                         For       For        Management
5     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 15
      Percent of Issued Capital
7     Reelect C.H. Wiese as Director            For       For        Management
8     Reelect J.A. Louw as Director             For       For        Management
9     Reelect A.N. van Zyl as Director          For       For        Management
10    Reelect B.R. Meyers as Director           For       For        Management
11    Elect T.R.P. Hlongwane as Director        For       For        Management
      Appointed During the Year
12    Elect B. Harisunker as Director Appointed For       For        Management
      During the Year
13    Elect J.G. Rademeyer as Director          For       For        Management
      Appointed During the Year
14    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
15    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

STANDARD BANK GROUP LTD (FORMERLY STANDARD BANK INVESTMENT C

Ticker:                      Security ID:  ZAE000038873
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Dec. 31, 2003
2     Approve Remuneration of International     For       For        Management
      Directors in the Amount of GBP 10,000 for
      Past Fiscal Year
3.1   Approve Remuneration of Chairman in the   For       For        Management
      Amount of ZAR 2,044,900
3.2   Approve Remuneration of Directors in the  For       For        Management
      Amount of ZAR 83,000
3.3   Approve Remuneration of International     For       For        Management
      Directors in the Amount of GBP 20,000
3.4   Approve Remuneration of Credit Committee  For       For        Management
      Members in the Amount of ZAR 9,000 per
      Meeting
3.5   Approve Remuneration of Directors'        For       For        Management
      Affairs Committee Members in the Amount
      of ZAR 18,000
3.6   Approve Remuneration of Risk Management   For       For        Management
      Committee Members and Chairman in the
      Amount of ZAR 47,250 and ZAR 84,500,
      Respectively
3.7   Approve Remuneration of Remuneration      For       For        Management
      Committee Members and Chairman in the
      Amount of ZAR 41,500 and ZAR 83,000,
      Respectively
3.8   Approve Remuneration of Transformation    For       For        Management
      Committee Members and Chairman in the
      Amount of ZAR 35,500 and ZAR 71,000,
      Respectively
3.9   Approve Remuneration of Audit Committee   For       For        Management
      Members and Chairman in the Amount of ZAR
      71,000 and ZAR 142,000, Respectively
3.10  Approve Remuneration of Alternate         For       For        Management
      Directors in the Amount of ZAR 9,000 per
      Meeting
4.1   Reelect Doug Band as Director             For       For        Management
4.2   Reelect Elisabeth Bradley as Director     For       For        Management
4.3   Reelect Trevor Evans as Director          For       For        Management
4.4   Reelect Thulani Gcabashe as Director      For       For        Management
4.5   Reelect Buddy Hawton as Director          For       For        Management
4.6   Reelect Paul Judge as Director            For       For        Management
4.7   Reelect Kgomotso Moroka as Director       For       For        Management
4.8   Reelect Chris Nissen as Director          For       For        Management
4.9   Reelect Robert Smith as Director          For       For        Management
5     Place Authorized But Unissued Shares      For       For        Management
      Reserved for Standard Bank Group
      Incentive Scheme under Control of
      Directors
6     Place Authorized But Unissued Ordinary    For       For        Management
      Shares under Control of Directors
7     Place Authorized But Unissued             For       For        Management
      Non-Redeemable Non-Cumulative
      Non-Participating Preference Shares under
      Control of Directors
8     Authorize Directors to Make Payments to   For       For        Management
      Shareholders
9     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
10    Approve Creation of One Billion           For       For        Management
      Non-Redeemable Non-Cumulative
      Non-Participating Preference Shares
11    Amend Articles Re: Rights and Conditions  For       For        Management
      of Non-Redeemable Non-Cumulative
      Non-Participating Preference Shares
12    Amend Articles to Reflect Increase in     For       For        Management
      Authorized Capital
13    Amend Articles of Association Re:         For       For        Management
      Delegation of Board Powers


--------------------------------------------------------------------------------

TELKOM SA

Ticker:                      Security ID:  ZAE000044897
Meeting Date: AUG 27, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Mar. 31, 2003
2     Ratify Auditors                           For       For        Management
3     Approve Telkom Management Share Option    For       For        Management
      Plan (MSOP) and Telkom Employee Share
      Ownership Plan (ESOP)
4     Place 33.4 Million Authorized But         For       For        Management
      Unissued Shares under Control of
      Directors
5     Amend Articles of Association Re: Board   For       For        Management
      Meetings
6     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

TELKOM SA

Ticker:                      Security ID:  ZAE000044897
Meeting Date: JAN 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Year Ended Mar. 31, 2003                Vote
2     Other Business (Voting)                   For       Did Not    Management
                                                          Vote
3     Approve Telkom Conditional Share Option   For       Did Not    Management
      Scheme                                              Vote
4     Approve Issuance of Up to 22.3 Million    For       Did Not    Management
      Shares Representing Four Percent of                 Vote
      Issued Capital Pursuant to Share Option
      Scheme
5     Amend Articles of Association Re: Reduce  For       Did Not    Management
      Minimum Number of Board Meetings From Six           Vote
      to Four Annually
6     Authorize Repurchase of Up to 20 Percent  For       Did Not    Management
      of Issued Share Capital                             Vote


--------------------------------------------------------------------------------

TIGER BRANDS (FORMERLY TIGER OATS LTD.)

Ticker:                      Security ID:  ZAE000023560
Meeting Date: OCT 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Conversion of 555,000 5.5 Percent For       For        Management
      Cumulative Preference Shares into 555,000
      Redeemable Preference Shares with Par
      Value ZAR 2.00
2     Amend Articles Re: Share Capital and      For       For        Management
      Terms of Preference Shares


--------------------------------------------------------------------------------

TIGER BRANDS (FORMERLY TIGER OATS LTD.)

Ticker:                      Security ID:  ZAE000023560
Meeting Date: FEB 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended Sept. 30, 2003
2     Reelect A.C. Nissen as Director           For       For        Management
3     Reelect R.A. Williams as Director         For       For        Management
4     Reelect D.D.B. Band as Director           For       For        Management
5     Reelect B.L. Sibiya as Director           For       For        Management
6     Reelect L.C. van Vught as Director        For       For        Management
7     Ratify Ernst and Young as Auditors        For       For        Management
8     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

TRUWORTHS INTERNATIONAL LTD

Ticker:                      Security ID:  ZAE000028296
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Year Ended June 30, 2003
2.1.1 Reelect C.T. Ndlovu as Director           For       For        Management
2.1.2 Reelect M.S. Mark as Director             For       For        Management
2.1.3 Reelect R.G. Dow as Director              For       For        Management
2.2.1 Elect H. Saven as Director Appointed      For       For        Management
      During the Year
3     Place Authorized But Unissued Shares      For       Against    Management
      Reserved for Share Sceheme under Control
      of Directors
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
6     Reelect Ernst & Young as Auditors and     For       For        Management
      Authorize Audit Committee to Fix Their
      Remuneration
7     Approve Remuneration of Directors for     For       For        Management
      Past Fiscal Year
8     Approve Stock Option Grants of 50,000     For       Against    Management
      Shares to H. Saven


--------------------------------------------------------------------------------

WOOLWORTHS HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000028288
Meeting Date: SEP 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cash Distribution in the Amount   For       For        Management
      of ZAR 0.19 per Share in Lieu of Final
      Dividends by Way of Reduction of Share
      Premium Account by ZAR 173 Million
2     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

WOOLWORTHS HOLDINGS LIMITED

Ticker:                      Security ID:  ZAE000028288
Meeting Date: NOV 20, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for the Year Ended June 30, 2003
2     Appoint Ernst & Young as Joint Auditors   For       For        Management
3     Appoint SAB&T as Joint Auditors           For       For        Management
4     Reelect D.A. Hawton as Director           For       For        Management
5     Reelect B.J. Frost as Director            For       For        Management
6     Reelect M. Barnes as Director             For       For        Management
7     Approve Remuneration of Directors for the For       For        Management
      Year Ended June 30, 2003
8     Approve Remuneration of Directors for the For       For        Management
      Current Fiscal Year
9     Place Authorized But Unissued Shares      For       Against    Management
      under Control of Directors for the
      Purpose of the Woolworths Holdings
      Limited Share Trust
10    Amend Articles - Remove Requirement to    For       For        Management
      Propose Reduction of Share Premium
      Account by Special Resolution in
      Accordance with Changes to Companies Act;
      Approve Delivery of Proxy Forms to
      Locations other than Registered Office
11    Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
12    Approve General Authority for the Company For       For        Management
      to Make Payments to its Shareholders
13    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions




===================== ISHARES MSCI SOUTH KOREA INDEX FUND ======================


AMOREPACIFIC CORP. (FORMERLY PACIFIC CORP)

Ticker:                      Security ID:  KR7002790004
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Dividend of KRW 2300 Per Ordinary Share
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

CHEIL COMMUNICATIONS INC.

Ticker:                      Security ID:  KR7030000004
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 3000 Per Share
2     Elect Directors                           For       For        Management
3     Appoint Auditor                           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

CHEIL INDUSTRIES

Ticker:                      Security ID:  KR7001300003
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements               For       Abstain    Management
2     Elect Directors                           For       For        Management
3     Appoint Auditor                           For       Against    Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

CJ CORP. (FORMERLY CHEIL JEDANG CORP.)

Ticker:                      Security ID:  KR7001040005
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1750 Per Ordinary Share
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

DAEDUCK ELECTRONICS CO.

Ticker:                      Security ID:  KR7008060006
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 300 Per Share
2     Elect Directors                           For       For        Management
3     Appoint Auditors                          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

DAELIM INDUSTRIAL

Ticker:                      Security ID:  KR7000210005
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1300 Per Ordinary Share
      and KRW 1350 Per Preferred Share
2     Elect Director(s)                         For       For        Management
3     Elect Member(s) of Audit Committee        For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

DAEWOO SECURITIES CO.

Ticker:                      Security ID:  KR7006800007
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Amend Articles of Incorporation Re:       For       For        Management
      Minimum Board Size
3     Elect Internal Director                   For       For        Management
4     Elect External Director                   For       For        Management
5     Elect Members of Audit Committee          For       For        Management
6     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

DAEWOO SHIPBUILDING & MARINE ENGINEERING CO.

Ticker:                      Security ID:  KR7042660001
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 350 Per Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Additional Business Objectives, Written
      Exercise of Voting Rights
3     Elect Directors                           For       For        Management
4     Elect Member of Audit Committee           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

DAEWOO SHIPBUILDING & MARINE ENGINEERING CO.

Ticker:                      Security ID:  KR7042660001
Meeting Date: OCT 21, 2003   Meeting Type: Special
Record Date:  SEP 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Incorporation to        For       For        Management
      Increase Maximum Board Size
2     Elect Director                            For       For        Management
3.1   Elect Member of Audit Committee           For       For        Management
3.2   Elect Member of Audit Committee           For       For        Management
3.3   Elect Member of Audit Committee           For       For        Management


--------------------------------------------------------------------------------

DAISHIN SECURITIES CO.

Ticker:                      Security ID:  KR7003540002
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 650 Per Common Share
2     Amend Articles of Incorporation to        For       Against    Management
      Increase Limit on Issuance of New Shares
      in a Public Offering - Bring Forward
      Payment of Dividends - Apply Same Ratio
      for Interim Dividends on Ordinary Shares
      and Preferred Shares
3.1   Elect Executive Director                  For       For        Management
3.2   Elect Outside Directors                   For       For        Management
3.3   Elect Member of Audit Committee           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Amend Terms of Retirement Payments to     For       For        Management
      Executives


--------------------------------------------------------------------------------

DAUM COMMUNICATIONS CORPORATION

Ticker:                      Security ID:  KR7035720002
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Amend Articles of Incorporation Re:       For       For        Management
      Interim Dividends, Board Committees
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

DONG-A PHARMACEUTICAL CO.

Ticker:                      Security ID:  KR7000640003
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 600 Per Share
2     Elect Directors                           For       For        Management
3     Appoint Auditor                           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

DONGWON FINANCIAL HOLDING

Ticker:                      Security ID:  KR7071050009
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Approve Appropriation of Income           For       For        Management
3     Amend Articles of Incorporation           For       Against    Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

DONGWON FINANCIAL HOLDING

Ticker:                      Security ID:  KR7071050009
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Approve Appropriation of Retained         For       For        Management
      Earnings
3     Amend Articles of Incorporation           For       For        Management
4     Elect Directors                           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

GOOD MORNING SHINHAN SECURITIES CO. LTD.

Ticker:                      Security ID:  KR7008670002
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Did Not    Management
      Appropriation of Income                             Vote
2     Elect Directors                           For       Did Not    Management
                                                          Vote
3     Approve Limit on Remuneration of          For       Did Not    Management
      Directors                                           Vote
4     Approve Stock Option Grants               For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

HANA BANK

Ticker:                      Security ID:  KR7002860005
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Approve Appropriation of Retained         For       For        Management
      Earnings and Dividends of KRW 500 Per
      Share
3     Approve Capital Reduction/Share           For       For        Management
      Cancellation
4.1   Elect Directors                           For       For        Management
4.2   Elect Members of Audit Committee          For       Against    Management
4.3   Appoint Auditor                           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

HANJIN SHIPPING

Ticker:                      Security ID:  KR7000700005
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 750 Per Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Payment of Quarterly Dividends
3     Elect Directors                           For       For        Management
4     Elect Member of Audit Committee           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

HANKOOK TIRE CO.

Ticker:                      Security ID:  KR7000240002
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 150 Per Share
2     Elect Director(s)                         For       For        Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors
4     Amend Terms of Severance Payments to      For       For        Management
      Executives


--------------------------------------------------------------------------------

HITE BREWERY (CHO SUN BREWERY)

Ticker:                      Security ID:  KR7000140004
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1100 Per Share
2     Elect Directors                           For       For        Management
3     Appoint Auditors                          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

HONAM PETROCHEMICAL CORPORATION

Ticker:                      Security ID:  KR7011170008
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 500 Per Share
2     Elect Directors                           For       Against    Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors
4     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

HUMAX CO LTD

Ticker:                      Security ID:  KR7028080000
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 150 Per Share
2     Elect Director(s)                         For       For        Management
3     Appoint Auditor(s)                        For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management
6     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

HYOSUNG CORP.

Ticker:                      Security ID:  KR7004800009
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends
2     Elect Director(s)                         For       For        Management
3     Elect Member(s) of Audit Committee        For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

HYUNDAI DEPARTMENT STORE CO LTD

Ticker:                      Security ID:  KR7069960003
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 600 Per Share
2     Approve Limit on Remuneration of          For       For        Management
      Directors
3     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

HYUNDAI HEAVY INDUSTRIES

Ticker:                      Security ID:  KR7009540006
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1500 Per Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Business Objectives, Quarterly Dividends,
      Proportion of Outsiders on Board of
      Directors
3     Elect Directors                           For       Against    Management
4     Elect Member of Audit Committee           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

HYUNDAI MOBIS

Ticker:                      Security ID:  KR7012330007
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1250 Per Ordinary Share
2     Amend Articles of Incorporation           For       For        Management
3     Elect Director(s)                         For       For        Management
4     Elect Member(s) of Audit Committee        For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

HYUNDAI MOTOR CO.

Ticker:                      Security ID:  KR7005380001
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1000 Per Share
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       For        Management
4     Elect Member of Audit Committee           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

HYUNDAI SECURITIES

Ticker:                      Security ID:  KR7003450004
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Appropriation of Income
2     Amend Articles of Incorporation           For       For        Management
3.1   Elect Inside Director                     For       For        Management
3.2   Elect Outside Directors                   For       For        Management
3.3   Elect Members of Audit Committee          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Amend Terms of Severance Payments to      For       For        Management
      Executives


--------------------------------------------------------------------------------

KANGWON LAND INC.

Ticker:                      Security ID:  KR7035250000
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director(s)                         For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

KANGWON LAND INC.

Ticker:                      Security ID:  KR7035250000
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Incorporation Re: Stock For                  Management
      Split and Corresponding Reduction in Par
      Value
2.1.1 Elect CEO (Candidate 1)                   None                 Management
2.1.2 Elect CEO (Candidate 2)                   None                 Management
2.1.3 Elect CEO (Candidate 3)                   None                 Management
2.1.4 Elect CEO (Candidate 4)                   None                 Management
2.2   Elect Standing Director                   For                  Management
2.3   Elect Standing Director                   For                  Management
2.4   Elect Non-Standing Director               For                  Management
2.5   Elect Non-Standing Director               For                  Management
2.6   Elect Non-Standing Director               For                  Management
2.7   Elect Non-Standing Director               For                  Management


--------------------------------------------------------------------------------

KANGWON LAND INC.

Ticker:                      Security ID:  KR7035250000
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 320 Per Share
2     Approve Dismissal of Two Directors        For       For        Management
3     Elect Four Directors                      For       Against    Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditor  For       For        Management


--------------------------------------------------------------------------------

KANGWON LAND INC.

Ticker:                      Security ID:  KR7035250000
Meeting Date: AUG 21, 2003   Meeting Type: Special
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director(s)                         For       For        Management


--------------------------------------------------------------------------------

KANGWON LAND INC.

Ticker:                      Security ID:  KR7035250000
Meeting Date: SEP 30, 2003   Meeting Type: Special
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors                           For       For        Management
2     Amend Articles of Incorporation Re: Stock For       For        Management
      Split and Corresponding Reduction in Par
      Value


--------------------------------------------------------------------------------

KIA MOTORS

Ticker:                      Security ID:  KR7000270009
Meeting Date: OCT 17, 2003   Meeting Type: Special
Record Date:  SEP 19, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director                            For       For        Management


--------------------------------------------------------------------------------

KIA MOTORS

Ticker:                      Security ID:  KR7000270009
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 350 Per Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Additional Business Objectives, Stock
      Option Exercise Period, Size of Board,
      Payment of Quarterly Dividends,
      Qualifications of Audit Committee Members
3     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

KOOKMIN BANK

Ticker:       KKBKY          Security ID:  KR7060000007
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Non-Consolidated Financial        For       Abstain    Management
      Statements and Disposition of Deficit,
      with No Dividends
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

KOOKMIN BANK

Ticker:       KKBKY          Security ID:  KR7031150006
Meeting Date: SEP 5, 2003    Meeting Type: Special
Record Date:  JUL 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement with Kookmin     For       For        Management
      Bank
2     Amend Terms of Severance Payments to      For       For        Management
      Directors


--------------------------------------------------------------------------------

KOREA ELECTRIC POWER CORP

Ticker:       KEP            Security ID:  KR7015760002
Meeting Date: JUL 31, 2003   Meeting Type: Special
Record Date:  JUN 30, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors                           For       Did Not    Management
                                                          Vote
2     Amend Articles of Incorporation Re:       For       Did Not    Management
      Preemptive Rights                                   Vote


--------------------------------------------------------------------------------

KOREA ELECTRIC POWER CORP

Ticker:       KEP            Security ID:  KR7015760002
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1050 Per Share
2     Elect Han Joon-Ho as New President        For       For        Management


--------------------------------------------------------------------------------

KOREA EXCHANGE BANK

Ticker:       KOOQY          Security ID:  KR7004940003
Meeting Date: JAN 29, 2004   Meeting Type: Special
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors                           For       For        Management
2     Amend Articles of Incorporation           For       For        Management


--------------------------------------------------------------------------------

KOREA EXCHANGE BANK

Ticker:       KOOQY          Security ID:  KR7004940003
Meeting Date: SEP 16, 2003   Meeting Type: Special
Record Date:  AUG 13, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of New Shares Below Par  For       For        Management
      Value and Setting of Minimum Issue Price
      for Such Shares
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

KOREA EXCHANGE BANK

Ticker:       KOOQY          Security ID:  KR7004940003
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Approve Financial Statements of KEB       For       Abstain    Management
      Credit Service
3     Amend Articles of Incorporation Re:       For       For        Management
      Qualifications of Outside Directors and
      Audit Committee Members
4     Elect Directors                           For       For        Management
5     Elect Members of Audit Committee          For       Against    Management
6     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

KOREAN AIR CO. LTD. (FORMERLY KOREAN AIR LINES)

Ticker:                      Security ID:  KR7003490000
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Appropriation of Income, with No
      Dividends
2     Elect Directors                           For       Against    Management
3     Elect Members of Audit Committee          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

KT CORP (FORMERLY KOREA TELECOM CORPORATION)

Ticker:                      Security ID:  KR7030200000
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 2000 Per Common Share
2     Amend Articles of Incorporation to Reduce For       For        Management
      Maximum Board Size, Allow Multiple
      Representative Directors, Change
      Newspaper Used for Public Notices
3     Elect Members of Audit Committee          For       For        Management
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect a Shareholder-Nominee to the Board  Against   Against    Shareholder
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6     Amend Terms of Management Contract with   For       For        Management
      Company President


--------------------------------------------------------------------------------

KT&G CORP. (FORMERLY KOREA TOBACCO & GINSENG)

Ticker:                      Security ID:  KR7033780008
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1600 Per Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Electronic Distribution of Meeting
      Notices, Create Position of Lead
      Director, Allow Participation in Board
      Meetings by Teleconference
3     Appoint President (Kwak Young-Kyoon)      For       For        Management
4     Elect Two Executive Directors (Lee        For       For        Management
      Kwang-Youl and Min Young-Jin)
5     Elect One Outside Director (Cha Sun-Gak)  For       For        Management
6     Elect Five Members of Audit Committee     For       For        Management
7     Approve Limit on Remuneration of          For       For        Management
      Directors
8     Amend Terms of Severance Payments to      For       For        Management
      Executive Directors
9     Amend Terms of Severance Payments to      For       For        Management
      Managerial Officers


--------------------------------------------------------------------------------

KUMGANG KOREA CHEMICAL CO. LTD. (KEUMKANG LTD)

Ticker:                      Security ID:  KR7002380004
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Abstain    Management
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       Against    Management
4     Approve Limit on Remuneration of          For       Against    Management
      Directors


--------------------------------------------------------------------------------

LG CABLE (FORMERLY LG CABLE & MACHINERY)

Ticker:                      Security ID:  KR7006260004
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1000 Per Share
2     Amend Articles of Incorporation to        For       For        Management
      Introduce Executive Officer System, Lower
      Minimum Dividend Rate for Preferred
      Shares
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6     Amend Terms of Severance Payments to      For       For        Management
      Executives


--------------------------------------------------------------------------------

LG CARD CO LTD

Ticker:                      Security ID:  KR7032710006
Meeting Date: MAR 15, 2004   Meeting Type: Special
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Incorporation to        For       For        Management
      Increase Authorized Capital, Raise Limits
      on Convertible Bond and Warrant Bond
      Issuances
2     Elect Directors                           For       For        Management
3     Elect Members of Audit Committee          For       For        Management


--------------------------------------------------------------------------------

LG CARD CO LTD

Ticker:                      Security ID:  KR7032710006
Meeting Date: DEC 16, 2003   Meeting Type: Special
Record Date:  NOV 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Incorporation           For       For        Management


--------------------------------------------------------------------------------

LG CARD CO LTD

Ticker:                      Security ID:  KR7032710006
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposition of Deficit            For       For        Management
2     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

LG CHEM LTD.

Ticker:                      Security ID:  KR7051910008
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1750 Per Ordinary Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Separation of Posts of Representative
      Director and Chairman of the Board
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

LG CORP. (FORMERLY LG CHEM INVESTMENTS LTD.)

Ticker:                      Security ID:  KR7003550001
Meeting Date: MAY 28, 2004   Meeting Type: Special
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Corporate Split Agreement         For       For        Management


--------------------------------------------------------------------------------

LG CORP. (FORMERLY LG CHEM INVESTMENTS LTD.)

Ticker:                      Security ID:  KR7003550001
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 250 Per Ordinary Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Additional Business Lines, Determination
      of Record Date for Voting Rights at EGMs
3     Elect Directors                           For       Against    Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

LG ELECTRONICS INC

Ticker:                      Security ID:  KR7066570003
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1250 Per Ordinary Share
2     Amend Articles of Incorporation           For       For        Management
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6     Approve Terms of Severance Payments to    For       Against    Management
      Executives


--------------------------------------------------------------------------------

LG ENGINEERING & CONSTRUCTION LTD. (FORMERLY LG CONSTRUCTION)

Ticker:                      Security ID:  KR7006360002
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1250 Per Share
2     Elect Directors                           For       For        Management
3     Elect Members of Audit Committee          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

LG HOUSEHOLD & HEALTH CARE LTD

Ticker:                      Security ID:  KR7051900009
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1500 Per Ordinary Share
      and KRW 1550 Per Preferred Share
2     Elect Directors                           For       For        Management
3     Elect Members of Audit Committee          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

LG INVESTMENT & SECURITIES CO. (FORMERLY LG SECURITIES CO)

Ticker:                      Security ID:  KR7005940002
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income, with No  For       For        Management
      Dividend on Ordinary Shares
2     Amend Articles of Incorporation Re:       For       For        Management
      Business Objectives, Director
      Authorities, Interim Dividends
3     Elect Directors                           For       For        Management
4     Elect Member of Audit Committee (Inside   For       For        Management
      Director)
5     Elect Members of Audit Committee (Outside For       For        Management
      Directors)
6     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

LG PETROCHEMICAL

Ticker:                      Security ID:  KR7012990008
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1500 Per Share
2     Elect Director(s)                         For       For        Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

NCSOFT

Ticker:                      Security ID:  KR7036570000
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income, with No  For       For        Management
      Dividends
2     Amend Articles of Incorporation Re:       For       For        Management
      Business Objectives
3     Elect Directors                           For       For        Management
4     Appoint Auditor                           For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

NONG SHIM CO., LTD.

Ticker:                      Security ID:  KR7004370003
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 3000 Per Share
2     Elect Director                            For       For        Management
3     Appoint Auditors                          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

NONG SHIM HOLDINGS CO LTD

Ticker:                      Security ID:  KR7004370003
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       Did Not    Management
      Dividends of KRW 1000 Per Share                     Vote
2     Amend Articles of Incorporation to Expand For       Did Not    Management
      Business Objectives, Increase Authorized            Vote
      Capital from 7.3 Million Share to 15
      Million Shares, Create Position of Vice
      Chairman, Clarify Director Authorities
3     Approve Limit on Remuneration of          For       Did Not    Management
      Directors                                           Vote
4     Approve Limit on Remuneration of Auditors For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

POONGSAN CORP

Ticker:                      Security ID:  KR7005810007
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 550 Per Share
2     Amend Articles of Incorporation to Allow  For       For        Management
      Electronic Distribution of Meeting
      Notices, Allow a Proxy to Be Someone
      Other Than a Shareholder, Allow Issuance
      of Subscription Rights to Officers and
      Directors
3     Elect Directors                           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

POSCO (FORMERLY POHANG IRON & STEEL)

Ticker:       PKX            Security ID:  KR7005490008
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income, with a   For       For        Management
      Year-End Dividend of KRW 5000 Per Share
2.1   Amend Articles of Incorporation Re:       For       For        Management
      Cumulative Voting
2.2   Amend Articles of Incorporation Re:       For       For        Management
      Corporate Governance
3.1.1 Elect Outside Director                    For       For        Management
3.1.2 Elect Outside Director                    For       For        Management
3.1.3 Elect Outside Director                    For       For        Management
3.1.4 Elect Outside Director                    For       For        Management
3.2.1 Elect Member of Audit Committee           For       For        Management
3.2.2 Elect Member of Audit Committee           For       For        Management
3.3.1 Elect Inside Director                     For       For        Management
3.3.2 Elect Inside Director                     For       For        Management
3.3.3 Elect Inside Director                     For       For        Management
3.3.4 Elect Inside Director                     For       For        Management
3.3.5 Elect Inside Director                     For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

S-OIL  (SSANGYONG OIL REFINING)

Ticker:                      Security ID:  KR7010950004
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1750 Per Ordinary Share
2     Amend Articles of Incorporation           For       For        Management
3     Elect Outside Directors                   For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Amend Terms of Severance Payments to      For       For        Management
      Executives


--------------------------------------------------------------------------------

S1 CORPORATION

Ticker:                      Security ID:  KR7012750006
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends
2     Elect Directors                           For       For        Management
3     Appoint Auditor                           For       Against    Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management
6     Approve Enactment of Standard for         For       For        Management
      Adjustment of Stock Options


--------------------------------------------------------------------------------

SAMSUNG CORP.

Ticker:                      Security ID:  KR7000830000
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 250 Per Ordinary Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Additional Business Objectives
3     Elect Director                            For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SAMSUNG ELECTRO-MECHANICS CO

Ticker:                      Security ID:  KR7009150004
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Handling of Net Loss, with No     For       For        Management
      Dividend
2     Elect Director                            For       For        Management
3     Elect Member of Audit Committee           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SAMSUNG ELECTRONICS CO. LTD.

Ticker:       SSNHY          Security ID:  KR7005930003
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Appropriation of Income, with Total
      Dividend of KRW 5500 Per Share
2.1   Elect Two Outside Directors               For       For        Management
2.2   Appoint One Member of Audit Committee     For       For        Management
2.3   Elect One Executive Director              For       For        Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SAMSUNG FINE CHEMICAL

Ticker:                      Security ID:  KR7004000006
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 600 Per Share
2     Elect Directors                           For       For        Management
3     Appoint Auditor                           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

SAMSUNG FIRE & MARINE INS

Ticker:                      Security ID:  KR7000810002
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1000 Per Share
2     Amend Articles of Incorporation in        For       For        Management
      Connection with Changes to Korean Laws
3     Elect Director                            For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

SAMSUNG HEAVY INDUSTRIES CO LTD

Ticker:                      Security ID:  KR7010140002
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends
2     Elect Director(s)                         For       For        Management
3     Elect Member(s) of Audit Committee        For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SAMSUNG SDI CO.

Ticker:                      Security ID:  KR7006400006
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 2500 Per Share
2     Elect Director                            For       For        Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SAMSUNG SECURITIES CO. LTD.

Ticker:                      Security ID:  KR7016360000
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 750 Per Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Maximum Board Size, Proportion of Outside
      Directors
3.1   Elect Outside Director                    For       For        Management
3.2   Elect Members of Audit Committee          For       For        Management
3.3   Elect Inside Directors                    For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Stock Option Grants               For       For        Management


--------------------------------------------------------------------------------

SHINHAN FINANCIAL GROUP CO. LTD.

Ticker:                      Security ID:  KR7055550008
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Appropriation of Income, with Dividends
      of KRW 600 Per Ordinary Share
2     Amend Articles of Incorporation to        For       For        Management
      Introduce Outside Director Recommendation
      Committee and Compensation Committee,
      Allow Electronic Distribution of
      Financial Statements
3     Elect Directors                           For       For        Management
4     Elect Members of Audit Committee          For       For        Management
5     Approve Limit on Remuneration of          For       For        Management
      Directors
6.1   Approve Stock Option Grants to Department For       For        Management
      Heads of Shinhan Financial Group and its
      Subsidiaries
6.2   Approve Stock Option Grants to Executives For       For        Management
      of Shinhan Financial Group and its
      Subsidiaries


--------------------------------------------------------------------------------

SHINSEGAE CO. (FORMERLY SHINSEGAE DEPARTMENT STORE)

Ticker:                      Security ID:  KR7004170007
Meeting Date: MAR 5, 2004    Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       Against    Management
      Dividends of KRW 1000 Per Share
2     Elect Director                            For       For        Management
3     Elect Member of Audit Committee           For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors


--------------------------------------------------------------------------------

SK TELECOM

Ticker:                      Security ID:  KR7017670001
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 5500 Per Share
2     Amend Articles of Incorporation           For       For        Management
3     Approve Limit on Remuneration of          For       For        Management
      Directors
4.1   Elect Director(s)                         For       For        Management
4.2   Elect Member(s) of Audit Committee        For       For        Management


--------------------------------------------------------------------------------

TRIGEM COMPUTER

Ticker:                      Security ID:  KR7014900005
Meeting Date: MAR 19, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposition of Deficit            For       For        Management
2     Elect Directors                           For       For        Management
3     Appoint Auditors                          For       For        Management
4     Approve Limit on Remuneration of          For       For        Management
      Directors
5     Approve Limit on Remuneration of Auditors For       For        Management


--------------------------------------------------------------------------------

YUHAN CORP

Ticker:                      Security ID:  KR7000100008
Meeting Date: MAR 12, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividends of KRW 1000 Per Ordinary Share
2     Amend Articles of Incorporation Re:       For       For        Management
      Permitted Business Objectives
3     Approve Limit on Remuneration of          For       For        Management
      Directors
4     Approve Limit on Remuneration of Auditors For       For        Management




======================== ISHARES MSCI SPAIN INDEX FUND =========================


ABERTIS INFRAESTRUCTURAS (FRMELY ACESA INFRAESTRUCTURAS SA(FORMERLY AUTOPISTAS C

Ticker:                      Security ID:  ES0111845014
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Discharge Directors
2     Authorize Capitalization of Reserves of   For       For        Management
      EUR 78.8 Million for  a 1:20 Bonus Issue;
      Amend Article 5 Accordingly
3     Elect Unicaja, Jose Luis Olivas Martinez, For       For        Management
      Pablo Vallbona Vadell, and Comunidades
      Gestoras to Management Board
4     Reelect PriceWaterhouseCoopers Auditores, For       For        Management
      S.L. as Auditors
5     Authorize Repurchase of Shares            For       For        Management
6     Authorize Issuance of Bonds or Other      For       For        Management
      Financial Instruments
7     Approve General Meeting Guidelines; Amend For       For        Management
      Article 12 of Bylaws; Present Information
      Re: Board Guidelines
8     Approve Merger by Absorption of Iberica   For       For        Management
      de Autopistas, S.A.
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ABERTIS INFRAESTRUCTURAS (FRMELY ACESA INFRAESTRUCTURAS SA(FORMERLY AUTOPISTAS C

Ticker:                      Security ID:  ES0111845014
Meeting Date: SEP 15, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for Fiscal Year Ended 5-31-03
2     Authorize Capitalization of Reserves and  For       For        Management
      Subsequent Amendment to Article 5;
      Approve Listing in Stock Exchange
3     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ACS, ACTIVIDADES DE CONSTRUCCIONES (FORMERLY GINES NAVARRO C

Ticker:                      Security ID:  ES0167050311
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Group Financial    For       Abstain    Management
      Statements, Allocation of Income; Present
      Corporate Governance Report
2     Approve Discharge of Management Board     For       For        Management
3     Elect Management Board                    For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Approve Auditors                          For       For        Management
6     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of 902,453 Treasury Shares;
      Amend Articles Accordingly
7     Approve 3:1 Stock Split and Subsequent    For       For        Management
      Reduction in Par Value to EUR 0.50 from
      EUR 1.50
8     Amend Articles 13, 15, 20b, 22, 26, and   For       For        Management
      28 Re: Board Numbers, Composition,
      Functions, and General Meetings
      Attendance and Information
9     Approve Stock Option Plan                 For       For        Management
10    Approve General Meeting Guidelines;       For       For        Management
      Present Report Re: Board Guidelines
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
12    Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

ALTADIS S.A. (FORMERLY TABACALERA, S.A.)

Ticker:                      Security ID:  ES0177040013
Meeting Date: JUN 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of EUR 0.80
      Per Share Dividend, and Discharge
      Directors
2     Ratify Management Board                   For       For        Management
3     Approve Auditors                          For       For        Management
4     Approve EUR 4.4 Million Reduction in      For       For        Management
      Capital Via Cancellation of 7.3 Million
      Shares; Ammend Company's By-Laws
      Accordingly
5     Authorize Share Repurchase Program        For       For        Management
6     Authorize Issuance of Bonds               For       For        Management
7     Amend Articles 22, 23, 25, and 28 Re:     For       For        Management
      Elimination of Shareholidng Requirement
      to Attend Shareholder Meetings, Remote
      Voting, Elimination of Supermajority
      Quorums and Vote Requirement for Certain
      Proposals, Increase Shareholders' Access
      to Information
8     Approve General Meeting Guidelines        For       For        Management
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

AMADEUS GLOBAL TRAVEL DISTRIBUTION SA

Ticker:                      Security ID:  ES0109169013
Meeting Date: JUN 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income              For       Against    Management
4     Approve Discharge of Management Board     For       For        Management
5     Elect Management Board                    For       For        Management
6     Reelect Deloitte & Touche Espana S.L. as  For       For        Management
      Auditors
7     Approve Reduction in Share Capital Via    For       For        Management
      Cancellation of 48.54 Million Class B
      Shares; Amend Article 5 to Reflect Change
      in Capital
8     Amend Articles                            For       For        Management
      12,14,17,20,22,23,25,27,29,30,31,32,33
      Re: Shareholder Meetings, Meeting Notice,
      Attendance and Participation at the
      Meetings, Board Guidelines, General
      Meeting Guidelines, Remote Vote,
      Shareholder Access to Information
9     Approve General Meeting Guidelines        For       For        Management
10    Modify Executive Stock Option Plan        For       Against    Management
      Approved at 06-16-00 AGM
11    Authorize Repurchase of Shares            For       For        Management
12    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ANTENA 3 DE TELEVISION SA, MADRID

Ticker:                      Security ID:  ES0109427635
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Group and Individual Financial    For       Abstain    Management
      Statements, Allocation of Income, and
      Discharge Directors
2     Approve Necessary Steps to Ensure         For       For        Management
      Stability of Company Subsidiary Uniprex
3     Ratify Appointment of Directors to        For       For        Management
      Management Board
4     Approve Remuneration of Directors At      For       For        Management
      Maximum Aggregate EUR 3 Million
5     Approve Incentive Compensation Scheme     For       For        Management
6     Authorize Repurchase of Shares            For       For        Management
7     Approve Deloitte and Touche Esapana S.L   For       For        Management
      as Auditors
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BANCO BILBAO VIZCAYA ARGENTARIA

Ticker:       BBV            Security ID:  ES0113211835
Meeting Date: FEB 27, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of Dividend,
      and Discharge Directors
2     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with or without
      Preemptive Rights
3     Authorize Issuance of Bonds up to         For       For        Management
      Aggregate Nominal Amount of EUR 71.8
      Billion
4     Amend Articles 24, 29, 31, 34, 35, 37,    For       For        Management
      38, 45 Re: Attendance Rights, Shareholder
      Information Rights, Adoption of
      Agreements, Board Election and Size,
      Board Member Requirements, Board
      Vacancies, Chairman and Secretary,
      Creation and Composition of Board
5     Approve General Meeting Guidelines;       For       For        Management
      Information Re: Board Guidelines
6     Approve Listing (or Delisting) of Shares  For       For        Management
      on Secondary/Foreign Exchanges
7     Authorize Repurchase of Shares and        For       For        Management
      Subsequent Cancellation of Repurshased
      Shares
8     Reelect Deloitte & Touche Espana, S.L. as For       For        Management
      Auditors
9     Elect Jose Antonio Fernandez Rivero and   For       For        Management
      Carlos Loring as New Directors; Reelect
      Directors
10    Approve Fund Transfer to Employee         For       For        Management
      Retirement Fund
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BANCO POPULAR ESPANOL

Ticker:                      Security ID:  ES0113790234
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements and Statutory
      Reports, Allocation of Income, and
      Discharge Directors
2     Elect Management Board                    For       For        Management
3     Reelect Pricewaterhouse Coopers as        For       For        Management
      Auditors
4     Amend Articles 14,15,16,18,21, and 22 Re: For       For        Management
      Remote Vote, Shareholder Access to
      Information, Number of Directors and
      Remuneration, Audit Committee
5     Approve General Meeting Guidelines;       For       For        Management
      Information Re: Board Guidelines
6     Authorize Share Repurchase Program and    For       For        Management
      Cancellation of Repurchased Shares;
      Approve Reduction in Capital
7     Approve Transfer of Reserves to Early     For       Against    Management
      Retirement Fund
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)

Ticker:       SBP            Security ID:  ES0113900J37
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
2     Approve Allocation of Income              For       For        Management
3     Reelect and Ratify Management Board       For       For        Management
4     Reelect Deloitte & Touche Espana SL as    For       For        Management
      Auditors
5     Authorize Share Repurchase Program        For       For        Management
6     Amend Articles 8,15,16,22,and 23 Re:      For       For        Management
      Share Registry Entity, Elimination of
      Shareholding Requirement to Attend
      Shareholder Meetings, Remote Voting and
      Attendance; Add New Article and Change
      Numeration of Company's By-Laws
7     Approve New General Meeting Guidelines    For       For        Management
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities  with Preemptive
      Rights
9     Authorize Issuance of Non-Convertible     For       For        Management
      Bonds
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
11    Accept Board Guidelines Report            For       Abstain    Management


--------------------------------------------------------------------------------

BANKINTER S.A.

Ticker:                      Security ID:  ES0113679338
Meeting Date: MAR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income; Approve Pre-Retirement Fund in
      Amount of EUR 20.9 Million
2     Approve Discharge of Management           For       For        Management
      Supervisory Board; Approve Distribution
      of Dividends of EUR 0.97 Per Share
3     Re-Elect Jose Ramon Arce to Management    For       For        Management
      Board
4     Re-Appoint PriceWaterhouseCoopers         For       For        Management
      Auditores, S.L. as Auditors
5     Amend Articles 21, 25 and 42 Re: General  For       For        Management
      Meeting Guidelines, Board Guidelines and
      Remote Voting, Respectively
6     Approve General Meeting Guidelines;       For       For        Management
      Information on Board Guidelines
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Issuance of Convertible Bonds   For       For        Management
      with Preemptive Rights up to Aggregate
      Nominal Amount of EUR 1 Billion for
      Convertible Bonds or EUR 8.5 Billion for
      Simple Bonds
9     Authorize Share Repurchase Program and    For       For        Management
      Cancellation of Repurchased Shares
10    Approve Director Compensation Plan        For       For        Management
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

CORPORACION MAPFRE SA

Ticker:                      Security ID:  ES0124244C36
Meeting Date: MAR 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Did Not    Management
      Financial Statements and Statutory                  Vote
      Reports; Allocate Income
2     Approve Dividends                         For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Elect Management Board; Nominate and      For       Did Not    Management
      Ratify Appointment of Director                      Vote
5     Amend Article 23 Re: Introduction of      For       Did Not    Management
      Audit Committee Regulations                         Vote
6     Approve General Meeting Guidelines        For       Did Not    Management
                                                          Vote
7     Approve Board Guidelines; Approve Annual  For       Did Not    Management
      Corporate Governance Report; Approve                Vote
      Audit Committee Report
8     Approve Reappointment of Ernst & Young SA For       Did Not    Management
      y Cia. as Auditors                                  Vote
9     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote
10    Approve Minutes of Meeting                For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

EBRO PULEVA (AZUCARERA EBRO AGRICOLAS )

Ticker:                      Security ID:  ES0112501012
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports; Allocation of Income
2     Approve Discharge of Management Board     For       For        Management
3     Re-elect Ernst & Young, SA y Cia, as      For       For        Management
      Auditors
4     Authorize Share Repurchase Program        For       For        Management
5     Amend Articles 14, 17 and 25 Re: Board    For       For        Management
      Representation, Board and Remote Voting,
      and Board Responsibilities
6     Amend Articles 5, 6, 7, 8 and 14 of       For       For        Management
      General Meeting Guidelines
7     Elect Management Board                    For       For        Management
8     Authorize Funding of Puleva Foundation    For       For        Management
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

ENDESA S.A.

Ticker:                      Security ID:  ES0130670112
Meeting Date: APR 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Amend Articles 16 and 33 Re: Issue of     For       For        Management
      Debt and Right to Information, and
      Include New Article Re: Remote Voting
4     Amend General Meeting Guidelines via      For       For        Management
      Amendment to Articles 9 (Right to
      Information), 12 (Public Request for
      Representation) and 18 (Interventions),
      and New Article Re: Remote Voting
5     Elect Management Board                    For       For        Management
6     Approve Auditors                          For       For        Management
7     Authorize Share Repurchase                For       For        Management
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
9     Information Re: Board Guidelines          For       For        Management


--------------------------------------------------------------------------------

FAES FARMA SA(FORMERLY FAES, FABRICA ESPANOLA DE PRODUCTOS Q

Ticker:                      Security ID:  ES0134950536
Meeting Date: JUN 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Allocation of
      Income
2     Amend Articles 17, 18, 22, 35 Re:         For       For        Management
      Shareholder Meetings, Information to
      Shareholders, Audit Committee
      Composition, Arbitrage Regulation
3     Approve General Meeting Guidelines;       For       For        Management
      Information Re: Board Guidelines
4     Elect Management Board                    For       For        Management
5     Authorize Issuance of Bonds               For       For        Management
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights
7     Authorize Share Repurchase Program and    For       For        Management
      Cancellation of  Repurchased Shares;
      Reduction of Capital
8     Approve Increase in Capital Via           For       For        Management
      Capitalization of Reserves; Amend Article
      5 to Reflect Changes in Capital
9     Approve Auditors                          For       For        Management
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
11    Allow Questions                           For       For        Management
12    Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A.

Ticker:                      Security ID:  ES0122060314
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Statury Reports,
      and Discharge Directors
2     Approve Allocation of Income              For       For        Management
3     Amend Articles 12,19,23,24,33 and 34 Re:  For       For        Management
      General Meeting, Representation, Access
      to Information, Accords, Board Powers
4     Approve General Meeting Guidelines        For       For        Management
5     Elect Management Board                    For       For        Management
6     Authorize Share Repurchase Program        For       For        Management
7     Reelect Deloitte & Touche Espana SL as    For       For        Management
      Auditors
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
9     Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

GAS NATURAL SDG, S.A.

Ticker:                      Security ID:  ES0116870314
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Discharge Directors
2     Approve Transfer of Amortization Account  For       For        Management
      to Voluntary Reserves
3     Approve Transfer of Emergency Reserves,   For       For        Management
      Balance Standardization Reserve, Social
      Reserve, and Merger Reserve to Voluntary
      Reserves
4     Elect Management Board                    For       For        Management
5     Approve General Meeting Guidelines;       For       For        Management
      Present Board Guidelines Report
6     Authorize Board to Transfer Gas           For       For        Management
      Distribution Activities to Gas Natural
      Distribucion SDG, S.A.
7     Authorize Repurchase of Shares            For       For        Management
8     Reelect PriceWaterhouseCoopers, S.L. as   For       For        Management
      Auditors
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
10    Allow Questions                           None      None       Management


--------------------------------------------------------------------------------

GRUPO DRAGADOS (FRM. DRAGADOS Y CONSTRUCCIONES,)

Ticker:                      Security ID:  ES0127070110
Meeting Date: OCT 13, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Balance Sheet Dated        For       Against    Management
      4-30-03
2     Approve Acquisition by ACS, Actividades   For       Against    Management
      de Construccion y Servicios SA
3     Authorize Board to Ratify and Execute     For       Against    Management
      Approved Resolutions


--------------------------------------------------------------------------------

GRUPO EMPRESARIAL ENCE(FRM.EMP. NAC.  DE CELULOSAS)

Ticker:                      Security ID:  ES0130625017
Meeting Date: JUN 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Discharge Directors
2     Adopt New Articles of Association         For       For        Management
3     Approve General Meeting Guidelines        For       For        Management
4     Approve Remuneration of Directors         For       For        Management
5     Authorize Share Repurchase Program        For       For        Management
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Issuance of Convertible Bonds   For       For        Management
      without Preemptive Rights
8     Reelect Deloitte & Touche Espana SL as    For       For        Management
      Auditors
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
10    Accept Board Guidelines Report            For       For        Management


--------------------------------------------------------------------------------

GRUPO FERROVIAL S.A

Ticker:                      Security ID:  ES0162601019
Meeting Date: MAR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Information Re: Board Guidelines          None      None       Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.60 Per Share
5     Approve Discharge of Management Board     For       For        Management
6     Amend Articles 11, 14, 15 and 20  Re:     For       For        Management
      General Meeting
7     Approve General Meeting Guidelines        For       For        Management
8     Approve Stock Option Plan                 For       For        Management
9     Authorize Share Repurchase Program        For       For        Management
10    Authorize Issuance of Convertible or      For       Against    Management
      Non-Convertible Bonds and/or Warrants
      without Preemptive Rights
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

IBERDROLA S.A.

Ticker:                      Security ID:  ES0144580018
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Dividends, and Discharge
      Directors
2     Adopt New Articles of Association         For       For        Management
3     Approve General Meeting Guidelines;       For       For        Management
      Information on Board Guidelines
4     Approve Merger by Absorption of           For       For        Management
      Subsidiaries Iberdrola Gas S.A. and Star
      21 Networks Espana, S.A.
5     Authorize Issuance of Convertible Bonds   For       For        Management
      and/or Warrants without Preemptive Rights
      with a Maximum Limit of EUR 1 Billion
6     Authorize Issuance of Convertible Bonds   For       For        Management
      and/or Warrants with Preemptive Rights
      with a Maximum Limit of EUR 1 Billion
7     Authorize Issuance of Bonds/Debentures up For       For        Management
      to Aggregate Nominal Amount of EUR 1.2
      Billion, or EUR 1.5 Billion in the Case
      of Debentures
8     Authorize Repurchase of Shares and Reduce For       For        Management
      Capital Via Cancellation of Repurchased
      Shares
9     Approve Listing of Shares on Secondary    For       For        Management
      Exchanges in Spain or Overseas
10    Approve Creation of Foundations           For       For        Management
11    Approve Auditors                          For       For        Management
12    Ratify Appointment of Directors           For       For        Management
13    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

INDRA SISTEMAS SA

Ticker:                      Security ID:  ES0118594417
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports; Approve Allocation of Income
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Discharge of Management Board     For       For        Management
4     Approve Merger Balance Sheet; Approve     For       For        Management
      Merger by Absorption of Sistemas
      Integrales Indraseg S.L.
5     Amend Articles 14 Re: Remote Voting,      For       For        Management
      Representation and Voting Rights
6     Approve Changes to General Meeting        For       For        Management
      Guidelines
7     Accept Report on Changes to the Board     For       For        Management
      Guidelines
8     Fix Number of Directors; Elect Directors  For       For        Management
9     Approve Remuneration of Directors         For       For        Management
10    Approve Auditors                          For       For        Management
11    Authorize Share Repurchase Program        For       For        Management
12    Allow Questions                           For       For        Management
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


--------------------------------------------------------------------------------

INDUSTRIA DE DISENO TEXTIL (INDITEX)

Ticker:                      Security ID:  ES0148396015
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements and Statutory
      Reports; Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Elect Directors                           For       For        Management
4     Amend Articles Re: General Meetings,      For       For        Management
      Voting Rights, Adoption of Resolutions,
      Board Composition, Quorum Requirements,
      and Establishment of Audit Committee
5     Approve Board Guidelines                  For       For        Management
6     Authorize Repurchase of shares            For       For        Management
7     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

PROMOTORA DE INFORMACIONES (FRMELY GRUPO PRISA)

Ticker:                      Security ID:  ES0171743117
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements; Allocation of
      Income
2     Approve Discharge of Board of Directors   For       For        Management
3     Approve Auditors                          For       For        Management
4     Elect Management Board                    For       For        Management
5     Amend Articles Re: Legal Provisions       For       For        Management
      Governing the Company, Competencies,
      General Meeting, Number of Members and
      Duties, Audit Committee, Substitutions
      and Appointments, and Legal Compliance
6     Approve General Meeting Guidelines        For       For        Management
7     Approve Stock Option Plan For Executive   For       For        Management
      Directors and Managers
8     Authorize Repurchase of Shares            For       For        Management
9     Accept Report Re: Board of Directors'     For       Abstain    Management
      Guidelines
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

REPSOL YPF SA (FORMERLY REPSOL, S.A.)

Ticker:       REP            Security ID:  ES0173516115
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income and Distribution of Dividend of
      EUR 0.40 Per Share, and Discharge
      Directors
2     Elect Management Board                    For       For        Management
3     Approve Deloitte & Touche Espana Auditors For       For        Management
      SL as Auditors
4     Authorize Repurchase of Shares up to a    For       For        Management
      Maximum of Five Percent of Capital
5     Amend Articles Re: Legal Provisions       For       For        Management
      Governing the Company, Shareholders
      Meeting, Right of Attendance,
      Representation, Board Composition,
      Administrators' Liability, and Debentures
      Issuance
6     Amend Articles Re: Regulations of the     For       For        Management
      General Shareholder's Meeting
7     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

SACYR VALLERMOSO (FRMELY VALLEHERMOSO, S.A.)

Ticker:                      Security ID:  ES0182870214
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Individual and Consolidated        For       Abstain    Management
      Financial Statements and Statutory
      Reports
2     Approve Allocation of Income              For       For        Management
3     Fix Number of Directors; Elect Directors  For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Adopt New Articles of Association/Charter For       For        Management
6     Approve General Meeting Guidelines        For       For        Management
7     Approve Remuneration of Directors         For       For        Management
8     Authorize Issuance of 13.85 Million       For       For        Management
      Shares without Preemptive Rights at EUR
      11.50 Per Share; Amend Article 5
      Accordingly; Approve Listing of New
      Shares in Stock Exchange
9     Authorize Capitalization of Reserves of   For       For        Management
      EUR 6.49 Million for a Share Issuance;
      Amend Article 5 Accordingly; Approve
      Listing of Shares in Stock Exchange
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
11    Authorize Issuance of Convertible Bonds   For       For        Management
      without Preemptive Rights
12    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
13    Information Regarding Board Guidelines    For       For        Management


--------------------------------------------------------------------------------

SOCIEDAD GENERAL DE AGUAS DE BARCELONA

Ticker:                      Security ID:  ES0141330C19
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements and Statutory
      Reports, and Discharge Directors
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.3182 Per Share
3     Fix Number of and Elect Members to        For       For        Management
      Management Board
4     Reelect Deloitte and Touche Espana S.L.   For       For        Management
      as Auditor
5     Amend Articles Re: 'Registry of           For       For        Management
      Compensation and Stock Trade Institution'
      and Shareholder Information Rights
6     Approve General Meeting Guidelines        For       For        Management
7     Accept Report: Board of Directors'        For       Abstain    Management
      Guidelines
8     Authorize Repurchase of Shares            For       For        Management
9     Approve Reduction in Share Capital Via    For       For        Management
      Cancellation of 300,000 Class B Shares
      Remaining From May 2001 Stock Option Plan
10    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

TELEFONICA  S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)

Ticker:       TEF            Security ID:  ES0178430E18
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Discharge Directors
2     Approve Dividend Per Share                For       For        Management
3     Approve Auditors                          For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Approve General Meeting Guidelines        For       For        Management
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

TPI TELEFONICA PUBLICA E INFORMACION

Ticker:                      Security ID:  ES0178419117
Meeting Date: APR 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Allocation of
      Income, and Discharge Directors
2     Approve Dividend of EUR 0.25 Per Share    For       For        Management
3     Approve Auditors                          For       For        Management
4     Authorize Repurchase of Shares            For       For        Management
5     Approve Application for Consolidated Tax  For       For        Management
      Status
6     Approve General Meeting Guidelines        For       For        Management
7     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

UNION FENOSA

Ticker:                      Security ID:  ES0181380017
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income              For       For        Management
3     Approve Auditors                          For       For        Management
4     Amend Articles Re: Spanish Law            For       Against    Management
      Compliance, Vote Instructions and
      Representation, Shareholder Information
      Rights, Remote Voting, Management's
      Remuneration, and Audit Committee
5     Amend General Meeting Guidelines          For       For        Management
6     Elect Members to Management Board         For       For        Management
7     Authorize Repurchase of Shares            For       For        Management
8     Amend Terms of Convertible Non-rights     For       Against    Management
      Bond Issuance Authorization Granted at
      June 17, 2003 AGM
9     Accept Report Re: Board of Directors'     For       Abstain    Management
      Guidelines
10    Approve Listing and Delisting of          For       For        Management
      Securities in Secondary Markets
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
12    Approve Minutes of Meeting                For       For        Management


--------------------------------------------------------------------------------

URALITA S.A.

Ticker:                      Security ID:  ES0182170011
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       Abstain    Management
      Financial Statements, Allocation of
      Income, and Discharge Directors
2     Approve Auditors                          For       For        Management
3     Approve Stock Split                       For       For        Management
4     Approve Delisting of Shares with Current  For       For        Management
      Par Value from Stock Exchange and
      Issuance of Shares With New Par Value in
      Stock Exchanges
5     Approve General Meeting Guidelines        For       For        Management
6     Amend Articles                            For       For        Management
7     Accept Annual Corporate Governance Report For       For        Management
8     Approve Remuneration of Directors         For       For        Management
9     Authorize Repurchase of Shares            For       For        Management
10    Amend Articles Re: Board of Directors     For       Against    Management
11    Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

URALITA S.A.

Ticker:                      Security ID:  ES0182170011
Meeting Date: NOV 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Balance Sheet Dated        For       For        Management
      6-30-03
2     Approve Merger by Absorption of Energia e For       For        Management
      Industrias Aragonesas EIA SA
3     Approve Report Re: Appraisal of Net       For       For        Management
      Equity Value and Terms and Conditions of
      Share Exchange Ratio
4     Approve Capital Increase Resulting from   For       For        Management
      Merger; Amend Article 5 Accordingly
5     Approve Listing of New Shares Issued as   For       For        Management
      Result of Merger in Madrid, Barcelona,
      and Valencia Stock Exchanges, and
      Incorporation in the Continuous Market
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


--------------------------------------------------------------------------------

VISCOFAN SA, PAMPLONA(FORMERLY VISCOFAN, INDUSTRIA NAVARRA D

Ticker:                      Security ID:  ES0184262212
Meeting Date: JUN 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Meeting Agenda/Notice             For       For        Management
2     Designate Two Shareholders to Approve and For       For        Management
      Sign Minutes of Meeting
3     Approve Financial Statements, Allocation  For       Abstain    Management
      of Income, and Discharge Directors
4     Approve Auditors                          For       For        Management
5     Amend Articles 23 and 24 Re: Remote Vote  For       For        Management
6     Approve General Meeting Guidelines;       For       For        Management
      Report on Changes to Made to Guidelines
      of the Board of Directors
7     Approve EUR 146,504.70 Reduction in Share For       For        Management
      Capital Via Cancellation of 488,349
      Company Treasury Shares; Amend Article 5
      Accordingly
8     Authorize Share Repurchase Program        For       For        Management
9     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions




======================== ISHARES MSCI SWEDEN INDEX FUND ========================


ATLAS COPCO AB

Ticker:       AZKB60         Security ID:  4050982
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman of Meeting   For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
7     Receive President's Report                None      Abstain    Management
8     Receive Board and Committee Reports       None      Abstain    Management
9.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
9.2   Approve Discharge of Board and President  For       For        Management
9.3   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 7.50 Per Share
9.4   Approve Record Date (April 30) for        For       For        Management
      Dividend
10    Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
11    Reelect Sune Carlsson, Jacob Wallenberg,  For       For        Management
      Gunnar Brock, Staffan Boman, Kurt
      Hellstroem, Thomas Leysen, Ulla Litzen,
      and Anders Ullberg as Directors; Elect
      Grace Reksten Skaugen as New Director
12    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 3 Million;
      Approve Remuneration of SEK 500,000 for
      Committee Work
13    Approve Stock Option and Stock            For       For        Management
      Appreciation Rights Plan for Key
      Employees; Approve Reissuance of 950,000
      Repurchased Shares to Guarantee
      Conversion Rights
14.1  Shareholder Proposal: Approve Unification Against   Against    Shareholder
      of Capital Structure without Compensation
      to Class A Shareholders
14.2  Shareholder Proposal: Approve (Voluntary) Against   Against    Shareholder
      Conversion of Class B Shares into Class A
      Shares
15.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
15.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Four Representatives of Company's Largest
      Shareholders to Serve on Nominating
      Committee
16    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

AXFOOD AB

Ticker:                      Security ID:  SE0000635401
Meeting Date: MAR 4, 2004    Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
8     Receive President's Report                None      Abstain    Management
9     Allow Questions                           None      None       Management
10.1  Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10.2  Approve Allocation of Income and          For       For        Management
      Dividends of SEK 5.50 Per Share
10.3  Approve Discharge of Board and President  For       For        Management
11    Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board; Determine
      Number of Auditors (2) and Deputy
      Auditors (0)
12    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.7 Million;
      Approve Remuneration of Auditors
13    Reelect Goeran Ennerfelt, Antonia Ax:son  For       For        Management
      Johnson, Marcus Storch, Goesta Toernroth,
      Peggy Bruzelius, Annika Aahnberg, Mats
      Jansson, Maria Curman, and Gunnar
      Soederling as Directors; Ratify KPMG
      Bohlins (Per Bergman and Ola Forsberg) as
      Auditors
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize
      Reissuance of Repurchased Shares
15.1  Shareholder Proposal: Authorize General   Against   Against    Shareholder
      Meeting to Elect Members of Election
      Committee
15.2  Shareholder Proposal: Authorize Board to  Against   Against    Shareholder
      Establish a Remuneration Committee
15.3  Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish an Audit Committee
16    Receive Board Report On Audit and         None      Abstain    Management
      Non-Audit Fees Paid to Company Audit Firm
      (KPMG Bohlins)
17    Other Business (Non-Voting)               None      Against    Management
18    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

BILLERUD

Ticker:                      Security ID:  SE0000862997
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Approve Agenda of Meeting                 For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
8     Receive President's Report                None      Abstain    Management
9.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
9.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 6.50 Per Share
9.3   Approve Discharge of Board and President  For       For        Management
10    Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
11    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 400,000 for Chairman and
      SEK 200,000 for Other Board Members;
      Approve Remuneration of Auditors
12    Reelect Ingvar Petersson, Bjoern          For       For        Management
      Bjoernsson, Gunilla Joenson, Per
      Lundberg, Mats Pousette, Meg Tiveus, and
      Bert Oestlund as Directors
13    Amend Articles Re: Set Range for Minimum  For       For        Management
      (SEK 500 Million) and Maximum (SEK 2
      Billion) Issued Share Capital
14    Approve SEK 58.2 Million Reduction in     For       For        Management
      Share Capital via Share Cancellation
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16    Authorize Reissuance of Repurchased       For       For        Management
      Shares
17    Approve Transfer of Reserves in the       For       For        Management
      Amount of SEK 530 Million to Unrestricted
      Shareholders' Equity
18    Receive Board Report On Audit and         None      Abstain    Management
      Non-Audit Fees Paid to Company Audit Firm
      (KPMG)
19.1A Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
19.1B Authorize Chairman of Board to Appoint    For       Against    Management
      Three Representatives of Company's
      Largest Shareholders to Serve on
      Nominating Committee
19.2  Shareholder Proposal: Authorize Board to  Against   Against    Shareholder
      Establish a Remuneration Committee
19.3  Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish an Audit Committee
20    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

CASTELLUM AB

Ticker:                      Security ID:  SE0000379190
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive President's
      Report
7     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8     Approve Allocation of Income and          For       For        Management
      Dividends of SEK 8.50 Per Share
9     Approve Discharge of Board and President  For       For        Management
10    Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.1 Million;
      Approve Remuneration of Auditors
12    Reelect Jan Kvarstroem, Ulla-Britt        For       For        Management
      Fraejdin-Hellqvist, Mats Israelsson,
      Lars-Erik Jansson, Gunnar Larsson,
      Stig-Arne Larsson, and Goeran Linden as
      Directors
13    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize
      Reissuance of Repurchased Shares
14    Authorize Chairman of Board to Appoint    For       For        Management
      Members of Nominating Committee


--------------------------------------------------------------------------------

ELECTROLUX AB

Ticker:       ELUX           Security ID:  SE0000103814
Meeting Date: JUN 16, 2004   Meeting Type: Special
Record Date:  JUN 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6.1   Approve SEK 76.7 Million Reduction in     For       For        Management
      Share Capital via Cancellation of 15.3
      Million Class A and/or B Shares
6.2   Approve Issuance of 15.3 Million New      For       For        Management
      Class C-shares in Connection with Share
      Cancellation
6.3   Approve SEK 76.3 Million Reduction in     For       For        Management
      Share Capital via Cancellation of 15.3
      Million Class C-shares
7     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ELECTROLUX AB

Ticker:       ELUX           Security ID:  SE0000103814
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
7     Receive President's Report                None      Abstain    Management
8     Receive Board, Committee, and Auditor's   None      Abstain    Management
      Reports
9     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10    Approve Discharge of Board and President  For       For        Management
11    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 6.50 Per Share
12    Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
13    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 3.8 Million;
      Approve Remuneration of Auditors
14    Reelect Peggy Bruzelius, Thomas           For       For        Management
      Halvorsen, Louis Hughes, Hans Straaberg,
      Michael Treschow, Karel Vuursteen, and
      Barbara Thoralfsson as Directors; Elect
      Aina Nilsson as New Director
15    Approve Redemption Offer to Shareholders  For       For        Management
16.1  Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16.2  Authorize Reissuance of Repurchased       For       For        Management
      Shares
17.1  Approve Restricted Stock Plan for Key     For       For        Management
      Employees
17.2  Approve Reissuance of 1.5 Million         For       For        Management
      Repurchased Class B Shares for Restricted
      Stock Plan (Item 17.1)
17.3  Approve Reissuance of 1.3 Million         For       For        Management
      Repurchased Shares to Cover Expenses
      Connected to 1999-2003 Stock Option Plans
18.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
18.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
19    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ENIRO AB

Ticker:                      Security ID:  SE0000718017
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
8     Receive President's Report                None      Abstain    Management
9.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
9.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 1.80 Per Share
9.3   Approve Discharge of Board and President  For       For        Management
10    Determine Number of Members and Deputy    For       For        Management
      Members of Board
11    Elect Directors                           For       For        Management
12    Approve Remuneration of Directors         For       For        Management
13    Ratify Auditors                           For       For        Management
14    Approve Remuneration of Auditors          For       For        Management
15    Approve Use of SEK 470.2 Million of       For       For        Management
      Unrestricted Shareholders' Equity Reserve
      for Repayment to Shareholders and
      Repurchase of Share Capital (Items 16 and
      17)
16    Approve Transfer of Reserves in the       For       For        Management
      Amount of SEK 790.5 Million for Repayment
      to Shareholders in Connection with
      Repurchase of Shares; Approve SEK 9.3
      Million Reduction in Share Capital
17    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
18.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
18.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
19    Other Business (Non-Voting)               None      Against    Management
20    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ENIRO AB

Ticker:                      Security ID:  SE0000718017
Meeting Date: SEP 25, 2003   Meeting Type: Special
Record Date:  SEP 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Approve Transfer of Reserves in the       For       For        Management
      Amount of SEK 1 Billion to Unrestricted
      Shareholders' Equity
8     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

ERICSSON (TELEFONAKTIEBOLAGET L M ERICSSON)

Ticker:       ERIAF          Security ID:  SE0000108656
Meeting Date: APR 6, 2004    Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Receive Financial Statements, Statutory   None      Abstain    Management
      Reports, and Board Report; Allow
      Questions
7.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
7.2   Approve Discharge of Board and President  For       For        Management
7.3   Approve Allocation of Income and Omission For       For        Management
      of Dividends
8     Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
9     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 8 Million
10    Reelect Peter Bonfield, Sverker           For       For        Management
      Martin-Loef, Arne Maartensson, Eckhard
      Pfeiffer, Lena Torell, Carl-Henric
      Svanberg, Michael Treschow, and Marcus
      Wallenberg; Elect Nancy McKinstry as New
      Director
11    Approve Remuneration of Auditors          For       For        Management
12    Ratify Peter Clemendtson (Oehrlings       For       For        Management
      PricewaterhouseCoopers) as Auditor and
      Robert Bernden (Oehrlings
      PricewaterhouseCoopers) as Deputy Auditor
13    Elect Bengt Belfrage, Christer Elmehagen, For       For        Management
      Anders Nyren, Bjoern Svedberg, and
      Michael Treschow as Members of Nominating
      Committee
14.1  Reserve 23.5 Million Shares for New       For       For        Management
      Long-Term Incentive Plan (Stock Purchase
      Plan) for Key Employees
14.2  Authorize Board to Examine Reasonableness For       For        Management
      of Performance Criteria Attached to
      Incentive Plan (Item 14.1)
14.3  Amend 2003 Employee Stock Purchase Plan   For       For        Management
      Re: Threshold for Employee's Maximum
      Contribution to Plan
14.4  Authorize Reissuance of 24.6 Million      For       For        Management
      Repurchased Class B Shares in Connection
      with 2003 and 2004 Employee Stock
      Purchase Plans
14.5  Authorize Reissuance of 55.8 Million      For       For        Management
      Repurchased Class B Shares in Connection
      with 2001 and 2003 Employee Compansation
      Plans
15    Shareholder Proposal: Provide All Shares  Against   For        Shareholder
      with Equal Voting Rights
16    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

FABEGE AB (FORMERLY DROTT AB)

Ticker:                      Security ID:  SE0000500308
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Chairman of Meeting                 For       Did Not    Management
                                                          Vote
3     Prepare and Approve List of Shareholders  For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote
6     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
7     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
8     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
9     Approve Allocation of Income and          For       Did Not    Management
      Distribution of Shares in                           Vote
      Bostadsaktiebolaget Drott (One Share for
      Every Four Shares Currently Held in Drott
      AB)
10    Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
11    Determine Number of Members (8) and       For       Did Not    Management
      Deputy Members (0) of Board                         Vote
12    Determine Number of Auditors and Deputy   For       Did Not    Management
      Auditors                                            Vote
13    Approve Remuneration of Directors;        For       Did Not    Management
      Approve Remuneration of Auditors                    Vote
14    Reelect Urban Jansson, Anders Boos, Lars  For       Did Not    Management
      Soederblom, and Jonas Wahlstroem as                 Vote
      Directors; Elect Sven Hagstroemer, Mats
      Paulsson, Anne-Marie Pouteaux, and
      Lennart Sten as New Directors
15    Ratify Auditors                           For       Did Not    Management
                                                          Vote
16    Amend Articles Re: Change Company Name to For       Did Not    Management
      Fabege AB; Set Range for Minimum (SEK 120           Vote
      Million) and Maximum (SEK 480 Million)
      Issued Share Capital
17    Approve SEK 900,000 Reduction in Share    For       Did Not    Management
      Capital via Cancellation of Class B                 Vote
      Shares
18    Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital; Authorize                  Vote
      Reissuance of Repurchased Shares
19    Approve Issuance of Bonds with Warrants   For       Did Not    Management
      Attached to Key Employees; Approve                  Vote
      Creation of SEK 1.1 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
20    Approve SEK 44.5 Million Reduction in     For       Did Not    Management
      Share Capital via Repayment to                      Vote
      Shareholders
21    Approve Creation of SEK 45.4 Million Pool For       Did Not    Management
      of Conditional Capital for Issuance of              Vote
      Class C Shares to Handelsbanken to
      Facilitate Reduction in Share Capital
22    Approve SEK 45.4 Million Reduction in     For       Did Not    Management
      Share Capital via Cancellation of Class C           Vote
      Shares and Repayment to Shareholder
23    Authorize Chairman of Meeting to Make     For       Did Not    Management
      Editorial Changes to Adopted Resolutions            Vote
      in Connection with Registration with
      Swedish Authorities
24.1  Shareholder Proposal: Authorize General   Against   Did Not    Shareholder
      Meeting to Elect Members of Nominating              Vote
      Committee
24.2  Authorize Chairman of Board to Appoint    For       Did Not    Management
      Members of Nominating Committee                     Vote
25    Other Business (Non-Voting)               None      Did Not    Management
                                                          Vote
26    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

GAMBRO AB

Ticker:                      Security ID:  SE0000164477
Meeting Date: APR 13, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive President's
      Report
8     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
9     Approve Allocation of Income and          For       For        Management
      Dividends of SEK 1.10 Per Share
10    Approve Discharge of Board and President  For       For        Management
11    Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
12    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 4 Million
13    Approve Remuneration of Auditors          For       For        Management
14    Reelect Claes Dahlbaeck, Sandra Austin    For       For        Management
      Crayton, Wilbur Gantz, Peter Grassman,
      Juha Kokko, Soeren Mellstig, Haakan
      Mogren, and Lena Torell as Directors;
      Elect Adine Grate Axen as New Director
15    Ratify Haakan Malmstroem and Anna         For       For        Management
      Hesselman as Deputy Auditors
16    Approve Stock Option Plan for Key         For       For        Management
      Employees and Issuance of Up to 2.4
      Million Shares to Guarantee Conversion
      Rights; Approve Issuance of 400,000
      Shares for Employee Stock Purchase Plans
17    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize
      Reissuance of Repurchased Plans
18    Shareholder Proposal: Question to Board   None      None       Shareholder
      Concerning Absence of Policy on Human
      Rights
19    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

GETINGE AB

Ticker:                      Security ID:  SE0000202624
Meeting Date: NOV 10, 2003   Meeting Type: Special
Record Date:  OCT 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Approve 4:1 Stock Split                   For       For        Management
8     Amend Corporate Purpose                   For       For        Management
9     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

GETINGE AB

Ticker:                      Security ID:  SE0000202624
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Remuneration
      Committee Report; Receive Information
      Regarding Non-Audit Fees Paid to Auditor
8     Receive President's Report                None      Abstain    Management
9     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 1.35 Per Share
11    Approve Discharge of Board and President  For       For        Management
12    Shareholder Proposal: Authorize Board to  For       For        Shareholder
      Establish an Audit Committee
13    Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
14    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 2.1 Million;
      Approve Remuneration of Auditors
15    Reelect Fredrik Arp, Carl Bennet, Carola  For       For        Management
      Lemne, and Johan Malmquist as Directors;
      Elect Rolf Ekedahl, Margareta
      Norell-Bergendahl, and Johan Stern as New
      Directors
16    Ratify Deloitte & Touche (Jan Nilsson) as For       For        Management
      Auditors
17.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
17.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
18    Approve Stock Appreciation Rights Plan    For       For        Management
      for Key Employees in the USA
19    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

HENNES & MAURITZ AB

Ticker:                      Security ID:  SE0000106270
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Receive President's Report                None      Abstain    Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
8.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8.2   Approve Allocation of Income, Ordinary    For       For        Management
      Dividends of SEK 2.90 Per Share, and
      Special Dividends of SEK 3.10 Per Share
8.3   Approve Discharge of Board and President  For       For        Management
9     Determine Number of Members (7) and       For       For        Management
      Deputy Members (2) of Board
10    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 3.9 Million;
      Approve Remuneration of Auditors
11    Reelect Fred Andersson, Werner Hofer,     For       For        Management
      Sussi Kvart, Bo Lindquist, Stig Nordfelt,
      Stefan Persson, and Melker Schoerling as
      Directors; Reelect Jan Jacobsen and Rolf
      Eriksen as Deputy Directors
12.1A Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
12.1B Authorize Chairman of Board to Appoint    For       Against    Management
      Four Representatives of Company's Largest
      Shareholders to Serve on Nominating
      Committee
12.2  Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish a Remuneration Committee
12.3  Shareholder Proposal: Authorize Board to  Against   Against    Shareholder
      Establish an Audit Committee
13    Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

HOGANAS AB

Ticker:                      Security ID:  SE0000232175
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman of Meeting   For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive President's
      and Committee Reports
7.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
7.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 5 Per Share
7.3   Approve Discharge of Board and President  For       For        Management
8     Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
9     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.3 Million;
      Approve Remuneration of Auditors
10    Reelect Ulf Linden, Per Molin, Bernt      For       For        Management
      Magnusson, Hans Miver, Claes Lindqvist,
      Magnus Lindstam, and Agnete
      Raaschou-Nielsen as Directors; Elect
      Jenny Linden Urnes as New Director
11.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
11.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Four Representatives of Company's Largest
      Shareholders to Serve on Nominating
      Committee
12    Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish an Audit Committee


--------------------------------------------------------------------------------

HOLMEN AB (FORMERLY MO OCH DOMSJOE)

Ticker:                      Security ID:  SE0000109290
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive President's
      Report
8     Allow Questions                           None      None       Management
9     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10    Approve Allocation of Income, Ordinary    For       For        Management
      Dividends of SEK 10 Per Share, and
      Special Dividends of SEK 30 Per Share
11    Approve Discharge of Board and President  For       For        Management
12    Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
13    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.8 Million;
      Approve Remuneration of Auditors
14    Reelect Fredrik Lundberg, Carl Kempe,     For       For        Management
      Hans Larsson, Goeran Lundin, Arne
      Maartensson, and Bengt Pettersson as
      Directors; Elect Lilian Fossum, Ulf
      Lundahl, and Magnus Hall as New Directors
15    Ratify KPMG Bohlins AB as Auditors        For       For        Management
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize
      Reissuance of Repurchased Shares
17    Shareholder Proposal: Establish a         For       For        Shareholder
      Nominating Committee; Elect Fredrik
      Lundberg, Carl Kempe, and Arne
      Maartensson as Members of Nominating
      Committee
18    Shareholder Proposal: Authorize Board to  None      For        Shareholder
      Establish a Remuneration Committee
19    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

MODERN TIMES GROUP AB

Ticker:                      Security ID:  SE0000412371
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
7     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8     Approve Allocation of Income and Omission For       For        Management
      of Dividends
9     Approve Discharge of Board and President  For       For        Management
10    Determine Number of Members and Deputy    For       For        Management
      Members of Board; Determine Number of
      Auditors
11    Approve Remuneration of Directors and     For       For        Management
      Auditors
12    Reelect Asger Aamund, David Chance,       For       For        Management
      Lars-Johan Jarnheimer, Christina
      Stenbeck, and Pelle Toernberg as
      Directors; Elect Nick Humby and David
      Marcus as New Directors
13.1  Shareholder Proposal: Authorize General   None      For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
13.2  Shareholder Proposal: Authorize Board to  None      Against    Shareholder
      Establish a Remuneration Committee
13.3  Shareholder Proposal: Authorize Board to  None      For        Shareholder
      Establish an Audit Committee
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

NOBEL BIOCARE HOLDING AG, ZUERICH

Ticker:                      Security ID:  CH0014030040
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.30 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4.1   Reelect Jan Ekberg, Jan Kvarnstrom, Rolf  For       For        Management
      Soiron, and Ernst Zaengerle as Directors
4.2   Elect Michel Orsinger and Jane Royston as For       For        Management
      Directors
4.3   Ratify KPMG Fides Peat as Auditors        For       For        Management


--------------------------------------------------------------------------------

NORDEA BANK AB (FORMERLY NORDEA AB)

Ticker:                      Security ID:  SE0000427361
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive President's
      and Board Reports
7     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.25 Per Share
9     Approve Discharge of Board and President  For       For        Management
10    Amend Articles Re: Reduce Directors' Term For       For        Management
      of Office from Two Years to One Year
11    Determine Number of Members (11) and      For       For        Management
      Deputy Members (0) of Board
12    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 950,000; Approve
      Remuneration of Auditors
13    Reelect Kjell Aamot, Hans Dahlberg, Bernt For       For        Management
      Magnusson, Joergen Hoeg Pedersen, and
      Maija Torkko as Directors
14.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
14.2  Shareholder Proposal: Authorize General   Against   Against    Shareholder
      Meeting to Elect Members of Nominating
      Committee
15    Approve EUR 32.3 Million Reduction in     For       For        Management
      Share Capital via Share Cancellation
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital for Purposes
      Other Than Equity Trading
17    Authorize Repurchase of Up to Three       For       For        Management
      Percent of Issued Share Capital for
      Equity Trading Purposes


--------------------------------------------------------------------------------

OMHEX AB (FORMERLY OM AB)

Ticker:                      Security ID:  SE0000110165
Meeting Date: AUG 18, 2003   Meeting Type: Special
Record Date:  AUG 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Approve Issuance of 31.8 Million Shares   For       For        Management
      in Connection with Acquisition of HEX Oyj
8     Amend Articles Re: Change Company Name to For       For        Management
      OM HEX AB; Amend Corporate Purpose; Set
      Range for Minimum (5) and Maximum (12)
      Number of Board Members; Require Meeting
      Notice to be Published in Swedish Gazette
      and in One Swedish As Well As One Finnish
      Newspaper
9     Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
10    Elect Timo Ihamuotila, Tarmo Korpela,     For       For        Management
      Mikael Lilius, and Markku Pohjola as New
      Directors
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 200,000 Per Year
      For Each Board Member
12    Approve Stock Option Plan for Key         For       For        Management
      Employees; Approve Creation of SEK 2.3
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights
13    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

OMHEX AB (FORMERLY OM AB)

Ticker:                      Security ID:  SE0000110165
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Board and
      Committee Reports
8.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8.2   Approve Discharge of Board and President  For       For        Management
8.3   Approve Allocation of Income and Omission For       For        Management
      of Dividends
9     Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
10    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 700,000 for Chairman, SEK
      300,000 for Vice Chairman, and SEK
      200,000 for Other Board Members; Approve
      Aggregate Remuneration of SEK 125,000 for
      Committee Work; Approve Remuneration of
      Auditors
11    Reelect Adine Grate Axen, Gunnar Brock,   For       For        Management
      Thomas Franzen, Bengt Halse, Timo
      Ihamuotila, Tarmo Korpela, Mikael Lilius,
      Markku Pohjola, and Olof Stenhammar as
      Directors
12.1  Shareholder Proposal: Authorize General   Against   Against    Shareholder
      Meeting to Elect Members of Nominating
      Committee
12.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
13    Other Business (Non-Voting)               None      Against    Management
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SANDVIK AB

Ticker:                      Security ID:  SE0000667891
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Board and
      Committee Reports; Receive President's
      Report
8     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
9     Approve Discharge of Board and President  For       For        Management
10    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 10.50 Per Share
11    Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
12    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 975,000 for Chairman and
      SEK 325,000 for Other Board Members;
      Approve Remuneration of SEK 200,000 for
      Committee Work
13    Reelect George Ehrnrooth, Clas Aake       For       For        Management
      Hedstroem, Sigrun Hjelmquist, Egil
      Myklebust, Arne Maartensson, Lars Nyberg,
      Anders Nyren, and Lars Pettersson as
      Directors
14    Amend Articles Re: Specify that Audit     For       For        Management
      Firm (One) or Individuals (Two or Three
      and Two or Three Deputies) May be
      Appointed as Auditor(s)
15    Determine Number of Auditors (One Audit   For       For        Management
      Firm)
16    Approve Remuneration of Auditors          For       For        Management
17    Ratify KPMG Bohlins AB as Auditors        For       For        Management
18.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Four Representatives of Company's Largest
      Shareholders to Serve on Nominating
      Committee
18.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
19    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


--------------------------------------------------------------------------------

SAS AB

Ticker:                      Security ID:  SE0000805574
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements              None      Abstain    Management
8     Receive Auditors' Report                  None      Abstain    Management
9     Receive Board and Committee Reports;      None      Abstain    Management
      Receive President's Report; Allow
      Questions
10    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
11    Approve Allocation of Income and Omission For       For        Management
      of Dividends
12    Approve Discharge of Board and President  For       For        Management
13    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.9 Million
14    Approve Remuneration of Auditors          For       For        Management
15    Reelect Egil Myklebust, Berit Kjoell,     For       For        Management
      Fritz Schur, Anitra Steen, Lars Reiben
      Soerensen, and Jacob Wallenberg as
      Directors
16    Elect Eva Halvarsson, Jacob Heinsen,      For       For        Management
      Palle Olsen, Rune Selmar, Reier Soeberg,
      Pia Rudengren, and Ragnhild Wiborg as
      Members of Nominating Committee
17    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SECURITAS AB

Ticker:                      Security ID:  SE0000163594
Meeting Date: APR 6, 2004    Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive President's Report                None      Abstain    Management
8     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
9.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
9.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 2 Per Share
9.3   Approve Record Date (April 13, 2004) for  For       For        Management
      Dividend
9.4   Approve Discharge of Board and President  For       For        Management
10    Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
11    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 3 Million;
      Approve Remuneration of Auditors
12    Reelect Thomas Berglund, Annika Bolin,    For       For        Management
      Carl Douglas, Gustaf Douglas, Anders
      Frick, Berthold Lindqvist, Fredrik
      Palmstierna, and Melker Schoerling as
      Directors; Ratify PricewaterhouseCoopers
      AB as Auditors
13.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
13.2  Reelect Gustaf Douglas and Melker         For       Against    Management
      Schoerling as Members of Nominating
      Committee
14    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SKANDIA FORSAKRINGS AB(SKANDIA GROUP INSURANCE COMPANY LTD)

Ticker:                      Security ID:  SE0000113094
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Prepare and Approve List of Shareholders  For       For        Management
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Board and
      Committee Reports
8     Receive President's Report                None      Abstain    Management
9     Receive Auditor's Report                  None      Abstain    Management
10    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
11    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 0.30 Per Share
12    Approve Discharge of Board and President  For       For        Management
13    Approve Remuneration of Directors: SEK 1  For       For        Management
      Million for Chairman, SEK 600,000 for
      Vice Chairman and SEK 300,000 for Other
      Board Members; Additional Remuneration of
      SEK 1.5 Million for Chairman and Vice
      Chairman; SEK 700,000 Remuneration for
      Committee Work
14    Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
15    Reelect Karl-Olof Hammarkvist as          For       For        Management
      Director; Elect Kajsa Lindstaahl and
      Anders Ullberg as New Directors
16    Approve Remuneration of Auditors          For       For        Management
17    Ratify Goeran Engquist and Svante         For       For        Management
      Forsberg (Deloitte & Touche) as Auditors
18    Ratify Gunnar Abrahamsson and Hans        For       For        Management
      Stenberg (Deloitte & Touche AB) as Deputy
      Auditors
19.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
19.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
20    Amend Articles Re: Reduce Directors' Term For       For        Management
      of Office from 2 Years to 1 Year;
      Stipulate that One Director Be Elected by
      Swedish Financial Supervisory Authority;
      Authorize Company to Appoint One or Two
      Auditors (Audit Firm or Individual);
      Editorial Changes
21.1  Shareholder Proposal: Enroll              None      Against    Shareholder
      Policyholders of Skandia as Members of
      the Swedish Insurance Savings
      Policyholders' Association
21.2  Shareholder Proposal: Disclose All        None      Against    Shareholder
      Agreements Involving Directors; Cancel
      All Agreements with Directors Made Prior
      to AGM; Complement Skandia Investigation
      with Respect to Bengt Braun's and Lars
      Ramqvist's Liability
22    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SKANDINAVISKA ENSKILDA BANKEN (SKANDINAVIA ENSKILDA BANK)

Ticker:                      Security ID:  SE0000148884
Meeting Date: APR 1, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
8     Receive Board Report                      None      Abstain    Management
9     Receive President's Report                None      Abstain    Management
10    Receive Information about Remuneration    None      Abstain    Management
      and Stock Option Plan for Key Personnel
11    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
12    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 4 Per Share
13    Approve Discharge of Board and President  For       For        Management
14    Determine Number of Members (10) and      For       For        Management
      Deputy Members (0) of Board
15    Determine Number of Auditors (1) and      For       For        Management
      Deputy Auditors (0)
16    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 5.5 Million;
      Approve Remuneration of Auditors
17    Reelect Jacob Wallenberg, Penny Hughes,   For       For        Management
      Urban Jansson, Tuve Johannesson,
      Hans-Joachim Koerber, Carl Wilhelm Ros,
      Lars Thunell, Marcus Wallenberg, and
      Goesta Wiking as Directors; Elect Jesper
      Ovesen as New Director
18    Ratify PricewaterhouseCoopers as Auditors For       For        Management
19.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
19.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
20    Approve Stock Option Plan for Key         For       For        Management
      Employees
21.1  Authorize Repurchase of Up to Three       For       For        Management
      Percent of Issued Share Capital for
      Equity Trading Purposes
21.2  Authorize Repurchase of Up to 6.2 Million For       For        Management
      Issued Shares and Authorize Reissuance of
      Up to 19.4 Million Repurchased Shares in
      Connection with Stock Option Plan
21.3  Approve Use of 6.2 Million Repurchased    For       For        Management
      Shares for Stock Option Plan
21.4  Authorize Repurchase of Up to Three       For       For        Management
      Percent of Issued Share Capital to
      Improve Capital Structure
22    Ratify Auditors for Foundations           For       For        Management
      Administered by Bank
23    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SKANSKA AB

Ticker:                      Security ID:  SE0000113250
Meeting Date: MAR 30, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Chairman's and President's        None      Abstain    Management
      Reports
8     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
9     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 3 Per Share
11    Approve Discharge of Board and President  For       For        Management
12    Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
13    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 3.5 Million;
      Approve Aggregate Remuneration of SEK
      500,000 for Committee Work; Approve
      Remuneration of Auditors
14.1  Reelect Roger Flanagan, Ulrika Francke,   For       For        Management
      Jane Garvey, Stuart Graham, Soeren Gyll,
      Finn Johnsson, Sverker Martin-Loef, Arne
      Maartensson, and Ander Nyren as Directors
14.2  Shareholder Proposal: Elect Lena Nyberg   Against   Against    Shareholder
      as New Director
15.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
15.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
16    Shareholder Proposal: Request that AGM be None      Against    Shareholder
      Held Alternatively in Gothenburg, Malmoe,
      and Stockholm
17    Shareholder Proposal: Request CEO to      None      Against    Shareholder
      Present Plan Explaining  How Skanska will
      Become a Leading Construction Company By
      July 1, 2004
18    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

SKF AB

Ticker:       SKFRF          Security ID:  SE0000108201
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Board and
      Committee Reports
8     Receive President's Report                None      Abstain    Management
9     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 10 Per Share
11    Approve Discharge of Board and President  For       For        Management
12    Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
13    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 2.4 Million;
      Authorize Directors to Receive Cash Value
      Equivalent of Market Value of 300 Class B
      Shares Each (800 For Chairman); Approve
      Remuneration of SEK 150,000 for Committee
      Work
14    Approve Remuneration of Auditors          For       For        Management
15    Reelect Anders Scharp, Soeren Gyll, Vito  For       For        Management
      Baumgartner, Ulla Litzen, Philip Green,
      Clas Aake Hedstroem, and Tom Johnstone as
      Directors; Elect Winnie Kin Wah Fok as
      New Director
16.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
16.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee


--------------------------------------------------------------------------------

SSAB SWEDISH STEEL

Ticker:                      Security ID:  4847184
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Approve Agenda of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Chairman's and
      President's Reports
7.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
7.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 6 Per Share
7.3   Approve Record Date (April 26, 2004) for  For       For        Management
      Dividend
7.4   Approve Discharge of Board and President  For       For        Management
8     Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
9     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 2.1 Million;
      Approve Remuneration of Auditors
10    Reelect Anders Carlberg, Per-Olof         For       For        Management
      Eriksson, Sverker Martin-Loef, Marianne
      Nivert, Anders Nyren, and Anders Ullberg
      as Directors; Elect Carl Bennet and Matti
      Sundberg as New Directors
11.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
11.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
12    Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish an Audit Committee


--------------------------------------------------------------------------------

SVENSKA CELLULOSA AB (SCA)

Ticker:       SCAPY          Security ID:  SE0000112724
Meeting Date: APR 1, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
7.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
7.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 10.50 Per Share
7.3   Approve Discharge of Board and President  For       For        Management
8     Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board; Approve
      Remuneration of Directors in the
      Aggregate Amount of SEK 3.1 Million
9     Reelect Rolf Boerjesson, Soeren Gyll, Tom For       For        Management
      Hedelius, Sverker Martin-Loef, Anders
      Nyren, Indra Aasander, and Jan Aastroem
      as Directors
10    Determine Number of Auditors (1) and      For       For        Management
      Deputy Auditors (0); Approve Remuneration
      of Auditors
11    Ratify PricewaterhouseCoopers AB as       For       For        Management
      Auditors
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize
      Reissuance of Repurchased Shares
13.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
13.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
13.3  Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish an Audit Committee


--------------------------------------------------------------------------------

SVENSKA HANDELSBANKEN

Ticker:                      Security ID:  SE0000152084
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive Board and
      Committee Reports; Receive Report
      Concerning Audit and Non-Audit Fees
7     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8     Approve Discharge of Board and President  For       For        Management
9     Approve Allocation of Income and          For       For        Management
      Dividends of SEK 5.25 Per Share
10    Authorize Repurchase of Up to 40 Million  For       For        Management
      Issued Class A or B Shares; Authorize
      Reissuance of Repurchased Shares
11    Authorize Repurchase of Up to Two Percent For       For        Management
      of Issued Share Capital for Trading
      Purposes
12    Approve SEK 85.4 Million Reduction in     For       For        Management
      Share Capital via Share Cancellation
13    Authorize Capitalization of Reserves of   For       For        Management
      SEK 104 Million for an Increase in Par
      Value From SEK 4 to SEK 4.25 Per Share to
      Facilitate Capital Reduction (Item 12)
14    Amend Articles to Reflect Changes in      For       For        Management
      Capital (Item 13)
15    Determine Number of Members (13) and      For       For        Management
      Deputy Members (0) of Board
16    Determine Number of Auditors (2) and      For       For        Management
      Deputy Auditors (0)
17    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 5.6 Million;
      Approve Remuneration of Auditors
18    Reelect Alitalo, Bylund, Baksaas,         For       For        Management
      Ennerfelt, Groenstedt, Hjelmquist,
      Larsson, Lundberg, Martin-Loef,
      Maartensson, and Nyren as Directors;
      Elect Bente Rathe and Ulrika Boethius as
      New Directors
19    Ratify KPMG Bohlins AB and Ernst & Young  For       For        Management
      AB as Auditors
20.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Four Representatives of Company's Largest
      Shareholders to Serve on Nominating
      Committee
20.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
21    Shareholder Proposal: Question to Board   None      None       Shareholder
      Concerning Absence of Policy on Human
      Rights
22    Shareholder Proposal: Require Company to  None      Against    Shareholder
      Adhere to the following Legislation: SFS
      1999:268 (Credit Transfers within the EU)
      and SFS 2002:598 (Regulation on
      Cross-Border Payments in Euro)


--------------------------------------------------------------------------------

TELE2 AB (FORMERLY NETCOM AB)

Ticker:       NECSA          Security ID:  SE0000314312
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
7     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8     Approve Allocation of Income and          For       For        Management
      Dividends of SEK 3 Per Share
9     Approve Discharge of Board and President  For       For        Management
10    Determine Number of Members and Deputy    For       For        Management
      Members of Board; Determine Number of
      Auditors
11    Approve Remuneration of Directors and     For       For        Management
      Auditors
12    Reelect Marc Beuls, Vigo Carlund, Sven    For       For        Management
      Hagstroemer, John Shakeshaft, and
      Christina Stenbeck as Directors; Elect
      Jan Loeber as New Director
13    Ratify Deloitte & Touche (Tommy           For       For        Management
      Maartensson) as Auditors
14    Amend 2002 Stock Option Plan              For       For        Management
15    Shareholder Proposal: Approve Voluntary   None      For        Shareholder
      Conversion of Class A Shares into Class B
      Shares
16.1  Shareholder Proposal: Authorize General   None      For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
16.2  Shareholder Proposal: Authorize Board to  None      For        Shareholder
      Establish a Remuneration Committee
16.3  Shareholder Proposal: Authorize Board to  None      For        Shareholder
      Establish an Audit Committee
17    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

TRELLEBORG AB

Ticker:                      Security ID:  SE0000114837
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
7     Receive President's Report                None      Abstain    Management
8.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
8.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 4.50 Per Share
8.3   Approve Discharge of Board and President  For       For        Management
9     Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
10    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.7 Million;
      Approve Remuneration of Auditors
11    Reelect Fredrik Arp, Staffan Bohman, Rolf For       For        Management
      Kjellman, Berthold Lindqvist, and Anders
      Narvinger as Directors; Elect Helene
      Bergquist and Claes Linqvist as New
      Directors; Ratify Oehrlings
      PricewaterhouseCoopers as Auditors
12    Authorize Reissuance of Repurchased       For       For        Management
      Shares
13.1A Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
13.1B Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
13.2  Shareholder Proposal: Authorize Board to  Against   For        Shareholder
      Establish an Audit Committee
14    Shareholder Proposal: Question to Board   None      None       Shareholder
      Concerning Remuneration Committee Report
15    Shareholder Proposal: Question to Board   None      None       Shareholder
      Concerning Board Report On Audit and
      Non-Audit Fees Paid to Company Audit Firm
      (KPMG Bohlins)
16    Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

VOLVO AB

Ticker:       VOLVY          Security ID:  4937728
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:  APR 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive Board and Committee Reports       None      Abstain    Management
8     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
9     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
10    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 8 Per Share; Approve
      Distribution of an Aggregate of 27.1
      Million Shares in Ainax AB
11    Approve Discharge of Board and President  For       For        Management
12    Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
13    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 4.8 Million
14    Reelect Per-Olof Eriksson, Patrick Faure, For       For        Management
      Haruko Fukuda, Tom Hedelius, Leif
      Johansson, Finn Johnsson, Neelie Kroes,
      Louis Schweitzer, and Ken Whipple as
      Directors
15.1  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
15.2  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize
      Reissuance of Repurchased Capital
17    Approve Reissuance of 1.2 Million         For       For        Management
      Repurchased Class B Shares to Guarantee
      Conversion Rights of 2002 Stock Option
      Plan
18.1  Approve Incentive Plan for Key Employees  For       Against    Management
18.2  Approve Reissuance of 110,000 Repurchased For       Against    Management
      Class B Shares for Incentive Plan (Item
      18.1)
19    Shareholder Proposal: Allow Voluntary     Against   For        Shareholder
      Conversion of Class A Shares into Class B
      Shares


--------------------------------------------------------------------------------

WM-DATA AB

Ticker:                      Security ID:  SE0000115404
Meeting Date: DEC 10, 2003   Meeting Type: Special
Record Date:  NOV 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman of Meeting   For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6.1   Authorize Issuance of 62.2 Million Shares For       For        Management
      in Connection with Acquisition of Novo
      Group
6.2   Authorize Board to Issue Shares Under     For       For        Management
      Item 6.1; Approve Creation of SEK 1.9
      Million Pool of Conditional Capital to
      Guarantee Conversion Rights of Existing
      Stock Options in Novo Group
7     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

WM-DATA AB

Ticker:                      Security ID:  SE0000115404
Meeting Date: NOV 4, 2003    Meeting Type: Special
Record Date:  OCT 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman of Meeting   For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Approve Issuance of Convertible Bonds to  For       For        Management
      All Employees up to Aggregate Nominal
      Amount of SEK 230 Million; Approve
      Creation of SEK 9.9 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
7     Close Meeting                             None      None       Management


--------------------------------------------------------------------------------

WM-DATA AB

Ticker:                      Security ID:  SE0000115404
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman of Meeting   For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports; Receive President's
      and Board Reports
7.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
7.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 0.20 Per Share
7.3   Approve Discharge of Board and President  For       For        Management
8     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 1.7 Million;
      Approve Remuneration of Auditors
9     Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
10    Reelect Boerje Ekholm, Jonas Fredriksson, For       For        Management
      Lisbeth Gustafsson, Hans Mellstroem,
      Gundor Rentsch, Lars Wedenborg, and Thord
      Wilkne as Directors
11    Approve Stock Option Plan for Key         For       For        Management
      Employees
12    Amend Articles Re: Amend Corporate        For       For        Management
      Purpose; Specify that One or Two Audit
      Firm(s) May be Appointed as Auditor;
      Editorial Changes; Delete Requirement to
      Send Meeting Notice by Mail
13.1  Shareholder Proposal: Authorize General   Against   For        Shareholder
      Meeting to Elect Members of Nominating
      Committee
13.2  Authorize Chairman of Board to Appoint    For       Against    Management
      Members of Nominating Committee
14    Close Meeting                             None      None       Management




===================== ISHARES MSCI SWITZERLAND INDEX FUND ======================


ABB LTD. ZUERICH

Ticker:                      Security ID:  CH0012221716
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Approve Allocation of Income and Omission For       For        Management
      of Dividends
5     Reelect Roger Agnelli, Juergen Dormann,   For       For        Management
      Louis Hughes, Hans Maerki, Michel de
      Rosen, Michael Treschow, Bernd Voss, and
      Jacob Wallenberg as Directors
6     Ratify Ernst & Young AG as Auditors       For       For        Management


--------------------------------------------------------------------------------

ADECCO SA

Ticker:       ADO            Security ID:  CH0012138605
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Receive Auditors Report                   None      Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 0.70 per Share
5     Approve Discharge of Board and Senior     For       Against    Management
      Management
6.1   Reelect Philippe Foriel-Destezet and      For       For        Management
      Philippe Marcel as Directors; Elect Jakob
      Baer, Juergen Dormann, Klaus Jacobs,
      Fancis Mer, Thomas O'Neill, David Prince,
      and Peter Ueberoth as Directors
6.2.1 Ratify Ernst and Young as Auditors        For       For        Management
6.2.2 Ratify OBT AG as Special Auditors         For       For        Management
7     Amend Articles Re: Remove Voting          For       For        Management
      Restrictions


--------------------------------------------------------------------------------

BANQUE CANTONALE VAUDOISE ANC.CREDIT FONCIER VAUDOIS

Ticker:                      Security ID:  CH0015251710
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Directors' Report                 None      Abstain    Management
3     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
4     Approve Discharge of the Board and Senior For       For        Management
      Management
5     Approve Allocation of Income              For       For        Management
6     Ratify Auditors                           For       For        Management
7     Amend Articles Re: Dividend Payment to    For       Against    Management
      Preference Shares; Submission of Reports
      to Shareholders
8     Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

CIBA SPECIALTY CHEMICALS AG

Ticker:                      Security ID:  CH0005819724
Meeting Date: FEB 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 3.00 per Share
3     Approve Discharge of the Board and Senior For       For        Management
      Management
4     Approve CHF 7.8 Million Reduction in      For       For        Management
      Share Capital via Cancellation of Shares
5     Approve CHF 212.5 Million Reduction in    For       For        Management
      Share Capital via Repayment to
      Shareholders
6     Amend Articles Re: Submission of          For       For        Management
      Shareholder Proposals
7     Approve Creation of CHF 12 Million Pool   For       For        Management
      of Conditional Capital with Preemptive
      Rights
8     Reelect Gertrud Hoehler and Armin Meyer   For       For        Management
      as Directors
9     Ratify Ernst & Young AG, Zurich as        For       For        Management
      Auditors


--------------------------------------------------------------------------------

CLARIANT

Ticker:                      Security ID:  CH0012142631
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 0.20 per Share
3     Approve Discharge of the Board and Senior For       For        Management
      Management
4     Approve Creation of CHF 460.3 Million     For       For        Management
      Pool of Conditional Capital with
      Preemptive Rights
5     Reelect Roland Loesser as Director; Elect For       For        Management
      Kajo Neukirchen and Peter Isler as
      Directors
6     Ratify PricewaterhouseCoopers Ltd as      For       For        Management
      Auditors


--------------------------------------------------------------------------------

CREDIT SUISSE GROUP (FORMERLY CS HOLDING)

Ticker:       CSR            Security ID:  CH0012138530
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3.1   Approve Allocation of Income and Omission For       For        Management
      of Dividends
3.2   Approve CHF 597.5 Million Reduction in    For       For        Management
      Share Capital via Reduction in Par Value
      and Repayment to Shareholders
4.1   Reelect Thomas Bell and Aziz Syriani as   For       For        Management
      Directors; Elect Peter Weibel, Noreen
      Doyle, and David Syz as Directors
4.2   Reelect KPMG Klynveld Peat Marwick        For       For        Management
      Goerdeler SA as Auditors
4.3   Reelect BDO Sofirom as Special Auditors   For       For        Management
5.1   Amend Articles Re: Submission of          For       For        Management
      Shareholder Proposals
5.2   Amend Articles Re: Delete Provisions      For       For        Management
      Concerning Contributions In Kind


--------------------------------------------------------------------------------

GEBERIT

Ticker:                      Security ID:  CH0008038223
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 17 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Reelect Klaus Weisshaar as Director       For       For        Management
5     Reelect PricewaterhouseCoopers AG as      For       For        Management
      Auditors
6     Approve Creation of CHF 200,000 Pool of   For       For        Management
      Conditional Capital without Preemptive
      Rights


--------------------------------------------------------------------------------

GIVAUDAN AG

Ticker:                      Security ID:  CH0010645932
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and an       For       For        Management
      Ordinary Dividend of CHF 8.90 per Share;
      Approve Payment of an Extraordinary
      Dividend of CHF 6.50 per Share
4     Approve CHF 2 Million Reduction in Share  For       For        Management
      Capital via Cancellation of Shares
5     Approve Creation of CHF 10 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
6     Reelect Henri Meier as Director; Elect    For       For        Management
      Dietrich Fuhrmann as Director
7     Reelect PricewaterhouseCoopers SA as      For       For        Management
      Auditors


--------------------------------------------------------------------------------

HOLCIM LTD.  (FORMERLY HOLDERBANK FINANCIERE GLARUS)

Ticker:                      Security ID:  CH0012214059
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Use of Electronic      For       For        Management
      Means at Shareholder Meetings
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.15 per Share
5     Approve Creation of CHF 57.5 Million Pool For       For        Management
      of Conditional Capital without Preemptive
      Rights
6     Amend Articles Re: Establish a Classified For       Against    Management
      Board
7.1.1 Elect Onno Ruding as Director             For       For        Management
7.1.2 Reelect Rolf Soiron, Markus Akermann, and For       For        Management
      Peter Kuepfer as Directors
7.2   Ratify Ernst & Young AG as Auditors       For       For        Management


--------------------------------------------------------------------------------

JULIUS BAER HOLDING AG (FORMERLY BAER HOLDINGS)

Ticker:                      Security ID:  CH0012083009
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 6.00 per Bearer Share
      and CHF 1.20 per Registered Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Elect Monika Baumann, Felix Ehrat, and    For       For        Management
      Daniel Borel as Directors
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors
6.1   Approve Partial Conversion of Registered  For       For        Management
      Shares into Bearer Shares
6.2   Approve CHF 86,400 Reduction in Share     For       For        Management
      Capital via Reduction in Share Capital
7     Transact Other Business (Non-Voting)      None      Against    Management


--------------------------------------------------------------------------------

KUDELSKI SA

Ticker:                      Security ID:  CH0012268360
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Reelect Andre Kudelski, Claude Smadja,    For       For        Management
      Norbert Bucher, Laurent Dassault, Patrick
      Foetisch, Stefan Kudelski, and Gerard
      Limat as Directors; Elect Pierre Lescure
      as Director
5     Ratify PricewaterhouseCoopers SA as       For       For        Management
      Auditors
6     Extend Terms of Conditional Pool          For       For        Management
      Authorization by Two Years
7     Transact Other Business (Non-Voting)      None      Against    Management


--------------------------------------------------------------------------------

KUONI  REISEN HOLDING AG

Ticker:                      Security ID:  CH0003504856
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Agenda of Meeting                 For       For        Management
2     Receive Financial Statements and          None      Abstain    Management
      Statutory Reports
3     Receive Auditors Report                   None      Abstain    Management
4.1   Accept Annual Report                      For       Abstain    Management
4.2   Accept Annual Account                     For       Abstain    Management
4.3   Accept Group Account                      For       Abstain    Management
4.4   Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.40 per 'A' Share and
      CHF 7.00 per 'B' Share
4.5   Approve Discharge of Board and Senior     For       For        Management
      Management
5.1   Elect Annette Schoemmel as Director       For       For        Management
5.2   Ratify KPMG Fides Peat as Auditors        For       For        Management


--------------------------------------------------------------------------------

LOGITECH INTERNATIONAL

Ticker:                      Security ID:  CH0012607195
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Board Report on Company           None      Abstain    Management
      Operations
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3     Approve Allocation of Income and Omission For       For        Management
      of Dividends
4     Approve Creation of CHF 10 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
5     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
6     Approve Discharge of Board and Senior     For       For        Management
      Management
7.1.1 Elect Monika Ribar as Director            For       For        Management
7.1.2 Elect Shin'ichi Okamoto as Director       For       For        Management
7.1.3 Reelect Guerrino De Luca as Director      For       For        Management
7.1.4 Reelect Daniel Borel as Director          For       For        Management
7.2   Ratify PricewaterhouseCoopers SA as       For       For        Management
      Auditors


--------------------------------------------------------------------------------

LONZA GROUP LTD.

Ticker:                      Security ID:  CH0013841017
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.30 per Share
4     Approve Discharge of Board and Senior     For       For        Management
      Management
5     Reelect Peter Kalantzis, Bernard Mach,    For       For        Management
      Sergio Marchionne, and Richard Sykes as
      Directors; Elect Peter Wilden as Director
6     Reelect KPMG Fides Peat as Auditors       For       For        Management


--------------------------------------------------------------------------------

NESTLE SA

Ticker:       NSRGY          Security ID:  CH0012056047
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1b    Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 7.20 per Share
4a    Elect Edward George as Directors          For       For        Management
4b    Elect Kaspar Villiger as Directors        For       For        Management
4c    Elect Rolf Haenggi as Directors           For       For        Management
4d    Elect Daniel Borel as Directors           For       For        Management
4e    Elect Carolina Mueller as Directors       For       For        Management


--------------------------------------------------------------------------------

NOVARTIS AG

Ticker:       NVS            Security ID:  CH0012005267
Meeting Date: FEB 24, 2004   Meeting Type: Annual
Record Date:  FEB 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of the Board and Senior For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.00 per Share
4     Approve Transfer of CHF 360.9 Million     For       For        Management
      from General Reserves to Free Reserves
5     Approve CHF 12.1 Million Reduction in     For       For        Management
      Share Capital via Share Cancellation
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
7     Amend Articles Re: Reduce Board Terms     For       For        Management
      from Four to Three Years
8.1   Approve Resignation of Walter Frehner and For       For        Management
      Heini Lippuner
8.2   Elect Helmut Sihler, Hans-Joerg Rudloff   For       For        Management
      and Daniel Vasella as Directors
9     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors


--------------------------------------------------------------------------------

RICHEMONT (COMPAGNIE FINANCIERE RICHEMONT AG)

Ticker:                      Security ID:  CH0012731458
Meeting Date: SEP 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve Discharge of Management Board     For       For        Management
4     Reelect Rupert, Aeschimann, Cologni, Du   For       For        Management
      Plessis, Deschuyteneer, Douro, Istel,
      Kanoui, Quasha, Lord Renwick of Clifton,
      and Verloop as Directors; Elect Alan
      Perrin, Simon Murray, and Juergen
      Schrempp as New Directors
5     Reelect PwC as Auditors                   For       For        Management


--------------------------------------------------------------------------------

SCHINDLER HOLDING AG

Ticker:                      Security ID:  CH0013914129
Meeting Date: MAR 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 6 per Share
3     Approve Discharge of the Board and Senior For       For        Management
      Management
4     Ratify Ernst and Young AG as Auditors     For       For        Management
5     Approve CHF 365,350 Reduction in Share    For       For        Management
      Capital via Cancellation of Shares
6     Amend Articles to Reflect Changes in      For       For        Management
      Capital


--------------------------------------------------------------------------------

SERONO SA (FORMERLY ARES-SERONO SA)

Ticker:                      Security ID:  CH0010751920
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 3.20 per Regestered
      Share and 8.00 per Bearer Share
3a    Approve Creation of CHF 36.3 Million Pool For       For        Management
      of Conditional Capital with Preemptive
      Rights
3b    Approve Stock Option Plan; Approve        For       Against    Management
      Creation of CHF 18.8 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
4     Approve Creation of CHF 35 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
5     Amend Articles Re: Submission of          For       For        Management
      Shareholder Proposals
6     Approve Discharge of Board and Senior     For       For        Management
      Management
7.1   Elect Ernesto Bartarelli, Pierre Douaze,  For       For        Management
      Bernard Mach, Sergio Marchionne, Georges
      Muller, Jacques Theurillat, and Hans
      Thierstein as Directors
7.2   Elect Patrick Gage as a Director          For       For        Management
7.3   Reelect PricewaterhouseCoopers SA as      For       For        Management
      Auditors
7.4   Reelect Ernst & Young SA as Special       For       For        Management
      Auditors


--------------------------------------------------------------------------------

SGS SOCIETE GENERALE DE SURVEILLANCE HOLDING SA

Ticker:                      Security ID:  CH0002497458
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of the Board and Senior For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 9 per Share
4     Reelect Delloite and Touche SA as         For       For        Management
      Auditors


--------------------------------------------------------------------------------

SGS SOCIETE GENERALE DE SURVEILLANCE HOLDING SA

Ticker:                      Security ID:  CH0002497458
Meeting Date: DEC 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Company Name to SGS SA             For       For        Management
2     Approve Creation of CHF 20 Million Pool   For       For        Management
      of Conditional Capital without Preemptive
      Rights
3     Approve Creation of CHF 10 Million Pool   For       For        Management
      of Authorised Capital without Preemptive
      Rights


--------------------------------------------------------------------------------

SULZER AG

Ticker:                      Security ID:  CH0002376454
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 6.00 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Reelect Louis Hughes and Hans Lienhard as For       For        Management
      Directors; Elect Luciano Respini as
      Director
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors


--------------------------------------------------------------------------------

SWATCH GROUP (FORMERLY SMH SCHWEIZERISCHE GESELLSCHAFT )

Ticker:                      Security ID:  CH0012255144
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       Against    Management
      Dividends of CHF 0.29 per Registered
      Share and CHF 1.45 per Bearer Share
4     Reelect Esther Grether, Nayla Hayek,      For       For        Management
      Peter Baumberger, Peter Gross, Nicolas
      Hayek, Johann Schneider-Ammann, and Ernst
      Tanner as Directors
5     Ratify PricewaterhouseCoopers Ltd as      For       For        Management
      Auditors


--------------------------------------------------------------------------------

SWISS REINSURANCE (SCHWEIZERISCHE RUECKVERSICHERUNGS)

Ticker:                      Security ID:  CH0012332372
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.10 per Share
4     Approve Creation of CHF 2 Million Pool of For       For        Management
      Conditional Capital without Preemptive
      Rights
5.1a  Reelect George Farr and Rajna Gibson as   For       For        Management
      Directors
5.1b  Elect Kaspar Villiger as Director         For       For        Management
5.2   Reelect PricewaterhouseCoopers Ltd as     For       For        Management
      Auditors


--------------------------------------------------------------------------------

SYNGENTA AG

Ticker:                      Security ID:  CH0011037469
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and Omission For       For        Management
      of Dividends
4     Approve CHF 191.4 Million Reduction in    For       For        Management
      Share Capital via Reduction in Par Value
      and Repayment to Shareholders
5     Amend Articles Re: Submission of          For       For        Management
      Shareholder Proposals
6     Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Rupert Gasser, Heinz Imhof, and   For       For        Management
      Michael Pragnell as Directors
8     Reelect Ernst and Young AG as Auditors    For       For        Management


--------------------------------------------------------------------------------

SYNTHES-STRATEC INC

Ticker:       ICR            Security ID:  US87162M1027
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
2     Accept Consolidated Financial Statements  For       Did Not    Management
      and Statutory Reports                               Vote
3     Present Report on Dividend Approved by    For       Did Not    Management
      Board                                               Vote
4     Elect Director Charles Hedgepeth, Amin    For       Did Not    Management
      Khoury and Dr. Rolf                                 Vote
5     Ratify Auditors                           For       Did Not    Management
                                                          Vote
6     Increase Authorized Common Stock          For       Did Not    Management
                                                          Vote
7     Change Company Name                       For       Did Not    Management
                                                          Vote
8     Authorize Issuance of Equity              For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

SYNTHES-STRATEC INC

Ticker:       ICR            Security ID:  US87162M1027
Meeting Date: OCT 23, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Size of Board from    For       For        Management
      Nine to 10 Members
2     Approve Issuance of 510,725 Shares        For       For        Management
      without Preemptive Rights


--------------------------------------------------------------------------------

UBS AG

Ticker:                      Security ID:  CH0012032030
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 2.60 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4.1   Reelect Peter Davis as Director           For       For        Management
4.2.1 Elect Stephan Haeringer as Director       For       For        Management
4.2.2 Elect Helmut Panke as Director            For       For        Management
4.2.3 Elect Peter Spuhler as Director           For       For        Management
4.3   Ratify Ernst and Young as Auditors        For       For        Management
5.1   Approve CHF 47.6 Million Reduction in     For       For        Management
      Share Capital via Cancellation of Shares
5.2   Authorize Repurchase of Issued Share      For       For        Management
      Capital


--------------------------------------------------------------------------------

VALORA HOLDING AG (FORMERLY MERKUR HOLDING)

Ticker:                      Security ID:  CH0002088976
Meeting Date: NOV 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve CHF 1.8 Million Reduction in      For       For        Management
      Share Capital via Cancellation of Shares
2     Authorize Repurchase of up to 11 Percent  For       For        Management
      of Issued Share Capital
3     Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

VALORA HOLDING AG (FORMERLY MERKUR HOLDING)

Ticker:                      Security ID:  CH0002088976
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 9.00 per Share
4.1   Reelect Peter Kuepfer, Fritz Frohofer,    For       For        Management
      and Fritz Ammann as Directors.
4.2   Reelect PricewaterhouseCoopers AG as      For       For        Management
      Auditors


--------------------------------------------------------------------------------

VONTOBEL HOLDING AG

Ticker:                      Security ID:  CH0012335540
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.10 per Share
4     Elect Heinz Roth as Director              For       For        Management
5     Ratify Ernst & Young AG as Auditors       For       For        Management
6     Amend Quorum Requirements                 For       For        Management


--------------------------------------------------------------------------------

ZURICH FINANCIAL SERVICES AG (FORMERLY ZURICH ALLIED AG)

Ticker:                      Security ID:  CH0011075394
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve CHF 360 Million Reduction in      For       For        Management
      Share Capital
4     Approve Discharge of Board and Senior     For       For        Management
      Management
5.1.1 Elect Thomas Escher as Director           For       For        Management
5.1.2 Reelect Lodewijk van Wachem as Director   For       For        Management
5.1.3 Reelect Philippe Pidoux as Director       For       For        Management
5.1.4 Reelect Armin Meyer as Director           For       For        Management
5.1.5 Reelect Rolf Watter as Director           For       For        Management
5.2   Reelect PricewaterhouseCoopers AG as      For       For        Management
      Auditors




======================== ISHARES MSCI TAIWAN INDEX FUND ========================


ACCTON TECHNOLOGY CORP.

Ticker:                      Security ID:  TW0002345006
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Execution Status on None      Abstain    Management
      Endorsement and Guarantee
1.4   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.5   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
3.1   Amend Articles of Association             For       For        Management
4.1   Elect Directors and Supervisors           For       For        Management
5.1   Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ACER INC.

Ticker:       ACERY          Security ID:  TW0002353000
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Report on Mergers and Acquisition None      Abstain    Management
1.3   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.4   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.5   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Issuance of New Shares            For       For        Management
2.4   Amend Articles of Association             For       For        Management
2.5   Amend Endorsement and Guarantee Operating For       For        Management
      Guidelines
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ADVANCED SEMICONDUCTOR ENGINEERING

Ticker:       ADVA10         Security ID:  TW0002311008
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement and         None      Abstain    Management
      Guarantees
1.4   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
1.5   Receive Report on Issuance of Domestic    None      Abstain    Management
      Convertible Bonds
1.6   Receive Report on Mergers and Acquisition None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Issuance of New Shares for the    For       Against    Management
      Merger Among the Company, ASE (Chung Li)
      Inc and ASE Material Inc
3.1   Amend Procedures Governing the            For       Against    Management
      Acquisition or Disposal of Assets
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.3   Approve Issuance of Shares, or            For       Against    Management
      Convertible Corporate Bonds to Sponsor
      Depository Receipts Offering
3.4   Approve Issuance of Shares in Private     For       Against    Management
      Placement to Sponsor Depository Receipts
      Offering
3.5   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3.6   Amend Articles of Association             For       Against    Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Abstain    Management


--------------------------------------------------------------------------------

ADVANTECH

Ticker:                      Security ID:  TW0002395001
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Status of           None      Abstain    Management
      Endorsement and Guarantee
1.4   Receive Report on Execution of Unsecured  None      Abstain    Management
      Convertible Bonds
1.5   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.6   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3.4   Approve Investment Ceiling in People's    For       For        Management
      Republic of China
4     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

AMBIT MICROSYSTEMS

Ticker:                      Security ID:  TW0002386000
Meeting Date: DEC 24, 2003   Meeting Type: Special
Record Date:  NOV 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement with Hon Hai     For       For        Management
      Precision Industry
2     Approve Plan of Liquidation               For       For        Management


--------------------------------------------------------------------------------

ARIMA COMPUTER

Ticker:                      Security ID:  TW0002381001
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on the 2003 Business       None      Abstain    Management
      Operating Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Endorsement and Guarantee Report  None      Abstain    Management
1.4   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
3     Amend Articles of Association             For       Against    Management
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ASIA CEMENT CORPORATION

Ticker:                      Security ID:  TW0001102002
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Did Not    Management
      Results                                             Vote
1.2   Receive Financial Report                  None      Did Not    Management
                                                          Vote
1.3   Receive Supervisors' Report               None      Did Not    Management
                                                          Vote
1.4   Receive Report on Status of Endorsements  None      Did Not    Management
      and Guarantees                                      Vote
1.5   Receive Report on Issuance of Corporate   None      Did Not    Management
      Bonds                                               Vote
1.6   Receive Report on the Amendment of Board  None      Did Not    Management
      Meeting Procedures                                  Vote
2.1   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2.2   Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
3     Approve Capitalization of 2003 Dividends  For       Did Not    Management
      and Employee  Profit  Sharing                       Vote
4     Other Business                            None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

ASUSTEK COMPUTER

Ticker:                      Security ID:  TW0002357001
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Financial Report                  None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on Issuance of Overseas    None      Abstain    Management
      Convertible Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

AU OPTRONICS CORP

Ticker:                      Security ID:  TW0002409000
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Indirect Investments in None      Abstain    Management
      Mainland China
1.4   Receive Report on Execution of Secured    None      Abstain    Management
      Corporate Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Amend Articles of Association             For       For        Management
2.3.1 Elect Kuen Yao Lee as Director            For       For        Management
2.3.2 Elect Hsuan Bin Chen as Director          For       For        Management
2.3.3 Elect Hsi Hua Sheaffer Lee as Director    For       For        Management
2.3.4 Elect Po Yen Lu as Director               For       For        Management
2.3.5 Elect Chin-Bing Peng as Director          For       For        Management
2.3.6 Elect Stan Hung as Director               For       For        Management
2.3.7 Elect Vivien Huey Juan Hsieh as Director  For       For        Management
2.3.8 Elect Cheng Chu Fan as Director           For       For        Management
2.3.9 Elect TJ Huang as Director                For       For        Management
2.3.1 Elect Chieh Chien Chao as Supervisor      For       For        Management
2.3.1 Elect Ko Yung Yu as Supervisor            For       For        Management
2.3.1 Elect Hsiu Hsing Hu as Supervisor         For       For        Management
2.4   Approve Allocation of Income and          For       For        Management
      Dividends
2.5   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.6   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
2.7   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

AURORA CORPORATION

Ticker:                      Security ID:  TW0002373008
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
3     Elect Directors and Supervisors           For       For        Management
4     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

BENQ CORPORATION

Ticker:       ACMUY          Security ID:  TW0002352002
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report Regarding Board Meeting    None      Abstain    Management
      Rules
1.4   Receive Report on Investments in Mainland None      Abstain    Management
      China
1.5   Receive Report on Execution of Treasury   None      Abstain    Management
      Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends, and Capitalization of 2003
      Dividends
2.3   Amend Articles of Association             For       For        Management
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

BES ENGINEERING CORP

Ticker:                      Security ID:  TW0002515004
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Financial Reports                 None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on the Loan of Funds to    None      Abstain    Management
      Other Parties
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CATHAY CONSTRUCTION( FORMERLY CATHAY REAL ESTATE DEVELOPMENT

Ticker:                      Security ID:  TW0002501004
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Auditors' Report                  None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Articles of Association             For       For        Management
3.2   Amend Procedures Governing the            For       For        Management
      Acquisition and Disposal of Assets
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CATHAY FINANCIAL HOLDING COMPANY

Ticker:                      Security ID:  TW0002882008
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Nomination Procedures for the       For       For        Management
      Board
3.2   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHANG HWA COMMERCIAL BANK

Ticker:                      Security ID:  TW0002801008
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Issuance of GDR         None      Abstain    Management
1.4   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3.1   Approve Allocation of Income and          For       For        Management
      Dividends
3.2   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
3.3   Approve Upgrading of Kunshan              For       For        Management
      Representative Office
3.4   Amend Articles of Association             For       For        Management
4     Amend Procedures Governing Financial      For       Against    Management
      Derivative Transactions
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHENG HSING RUBBER INDUSTRY CO. LTD.

Ticker:                      Security ID:  TW0002105004
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement and         None      Abstain    Management
      Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Issuance of New Shares            For       For        Management
2.4   Amend Articles of Association             For       For        Management
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHINA AIRLINES

Ticker:                      Security ID:  TW0002610003
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Financial Report                  None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
1.5   Receive Report on the Secured Corporate   None      Abstain    Management
      Bonds
1.6   Receive Report on Issuance of Unsecured   None      Abstain    Management
      Corporate Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Amend Procedures Governing Derivative     For       For        Management
      Financial Instruments
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHINA DEVELOPMENT FINANCIAL HOLDING CORP.

Ticker:                      Security ID:  TW0002883006
Meeting Date: APR 5, 2004    Meeting Type: Annual
Record Date:  FEB 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Issuance of         None      Abstain    Management
      Overseas Convertible Debentures
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
3.1   Approve Cancellation of Rules and         For       For        Management
      Procedures Regarding Endorsement and
      Guarantee
3.2   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHINA MOTOR CO LTD

Ticker:                      Security ID:  TW0002204005
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results of FY 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Issuance of         None      Abstain    Management
      Unsecured Corporate Bonds
1.4   Receive Report on Endorsement Guaranty to None      Abstain    Management
      Third Party
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Amend Articles of Association             For       Against    Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHINA STEEL CORPORATION

Ticker:                      Security ID:  TW0002002003
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsements and        None      Abstain    Management
      Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Amend Articles of Association             For       For        Management
2.5   Amend Rules and Procedures of             For       For        Management
      Shareholders Meeting
2.6   Amend Nomination Procedures for the       For       For        Management
      Board
2.7   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
2.8   Elect Directors and Supervisors           For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

CHINA SYNTHETIC RUBBER

Ticker:                      Security ID:  TW0002104007
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Other Reports                     None      Abstain    Management
2.1   Approve Financial Statements, and Ratify  For       Abstain    Management
      2003 Net Loss
2.2   Amend Articles of Association             For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

CHINA TRUST FINANCIAL HOLDINGS COMPANY LTD.

Ticker:                      Security ID:  TW0002891009
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.4   Receive Report on Execution of Unsecured  None      Abstain    Management
      Subordinate Corporate Bonds
2.1   Accept the Revision of Plan for           For       Against    Management
      Utilization of 2002 Euro Convertible
      Bonds Funds
2.2   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.3   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Operating Procedures for the Loan   For       For        Management
      of Funds and Guarantees to Other  Parties
3.2   Approve Capitalization of Capital Reserve For       For        Management
3.3   Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHINA TRUST FINANCIAL HOLDINGS COMPANY LTD.

Ticker:                      Security ID:  TW0002891009
Meeting Date: AUG 20, 2003   Meeting Type: Special
Record Date:  JUL 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Issuance of 2003        None      Abstain    Management
      Corporate Bonds
2.1   Approve Equity Swap to Acquire Grand      For       For        Management
      Commercial Bank
2.2   Amend Articles of Association             For       For        Management
3.1   Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHUNGHWA TELECOM

Ticker:                      Security ID:  TW0002412004
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the 2002 Financial      None      Abstain    Management
      Statements Approved by the Ministry of
      Audit
1.4   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
2.1   Ratify 2003 Financial Statements          For       Abstain    Management
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Procedures Governing the          For       For        Management
      Acquisition or Disposal of Assets
3.2   Amend Articles of Association             For       For        Management
3.3   Amend Endorsement and Guarantee Operating For       For        Management
      Guidelines
3.4   Amend Rules and Procedures on Shareholder For       For        Management
      Meeting
3.5   Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CHUNGWHA PICTURE T

Ticker:                      Security ID:  TW0002475001
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsements and        None      Abstain    Management
      Guarantees
1.4   Receive Report on Issuance of Overseas    None      Abstain    Management
      Marketable Securities
1.5   Receive Report on Execution of Treasury   None      Abstain    Management
      Shares
1.6   Receive Report on the Investments in      None      Abstain    Management
      Mainland China
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Authorize Board to Ratify and Execute     For       Against    Management
      Resolutions Regarding Loans, Foreign
      Exchange, Endorsement
2.4   Approve 5-Year Income Tax Exemption       For       For        Management
      Regarding Rights Offering in 2003 Under
      Statute for Upgrading Industry
2.5   Approve Issuance of New Shares            For       Against    Management
2.6   Amend Articles of Association             For       Against    Management
3     Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CMC MAGNETICS

Ticker:                      Security ID:  TW0002323003
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.4   Receive Report on the Acquisition and     None      Abstain    Management
      Disposal of Assets
1.5   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
1.6   Receive Report on the Status of Indirect  None      Abstain    Management
      Investment in Mainland China
1.7   Receive Report on Issuance of Unsecured   None      Abstain    Management
      Corporate Bonds
1.8   Receive Report on Issuance of Unsecured   None      Abstain    Management
      Convertible Corporate Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Amend Employee Stock Option Plan          For       For        Management
3.1   Amend Articles of Association             For       For        Management
3.2   Amend Rules and Procedures on Shareholder For       For        Management
      Meeting
3.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

COMPAL ELECTRONICS

Ticker:                      Security ID:  TW0002324001
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Operating Procedures for the Loan   For       Against    Management
      of Funds to Other  Parties
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

COMPEQ MANUFACTURING CO LTD

Ticker:                      Security ID:  TW0002313004
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsments and         None      Abstain    Management
      Guarantees
1.4   Receive Report on the Issuance of         None      Abstain    Management
      Unsecured Corporate Bond
1.5   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Amend Articles of Association             For       For        Management
2.4   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
2.5   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
2.6   Approve Investment in People's Republic   For       For        Management
      of China
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

CONTINENTAL ENGINE

Ticker:                      Security ID:  TW0002526001
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Issuance of Secured     None      Abstain    Management
      Corporate Bonds
1.2   Receive Report on Endorsements and        None      Abstain    Management
      Guarantees
1.3   Receive Report on Execution of Treasury   None      Abstain    Management
      Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       Against    Management
3.3   Amend Procedures on Shareholders' Meeting For       Against    Management
3.4   Approve Remuneration for Independent      For       For        Management
      Director
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

D-LINK CORP.

Ticker:                      Security ID:  TW0002332004
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsments and         None      Abstain    Management
      Guarantees
1.4   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Employee   For       For        Management
      Profit  Sharing
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
3.3   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

DELTA ELECTRONIC

Ticker:                      Security ID:  TW0002308004
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Financial Report                  None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
1.5   Receive Report on Endorsement and         None      Abstain    Management
      Guarantee
1.6   Receive Report on Board Meeting           None      Abstain    Management
      Procedures
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 2.25 per Share and Stock
      Dividend of 50 Shares per 1000 Shares
3.1   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.3   Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ELITEGROUP COMPUT

Ticker:                      Security ID:  TW0002331006
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Overseas Unsecured      None      Abstain    Management
      Corporate Bonds
1.4   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
1.5   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3.1   Approve Allocation of Income and          For       For        Management
      Dividends
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.3   Amend Endorsement and Guarantee Operating For       Against    Management
      Guidelines
3.4   Amend Articles of Association             For       Against    Management
3.5   Elect Directors and Supervisors           For       For        Management
3.6   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ELITEGROUP COMPUT

Ticker:                      Security ID:  TW0002331006
Meeting Date: NOV 27, 2003   Meeting Type: Special
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of a Maximum of 120      For       For        Management
      Million Ordinary Shares in Private
      Placement
2     Amend Articles of Association Re:         For       For        Management
      Authorized Capital


--------------------------------------------------------------------------------

ETERNAL CHEMICAL

Ticker:                      Security ID:  TW0001717007
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  FEB 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on the Company Performance None      Abstain    Management
      for the Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement and         None      Abstain    Management
      Guarantee
1.4   Receive Report on the Issuance of         None      Abstain    Management
      Debentures
1.5   Receive Report on the  Derivatives        None      Abstain    Management
1.6   Receive Report on the Acquisition and     None      Abstain    Management
      Disposal of Assets
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Articles of Association             For       For        Management
4.1   Elect Yang Wen-Hsiung as Director         For       For        Management
4.2   Elect Kao Kuo-Lun as Director             For       For        Management
4.3   Elect Kao Ying-Shih as Director           For       For        Management
4.4   Elect Lu Yao-Nan as Director              For       For        Management
4.5   Elect Ke Chun-Bin as Director             For       For        Management
4.6   Elect Lee Wen-Tsung as Director           For       For        Management
4.7   Elect Yang Huai-Kun as Director           For       For        Management
4.8   Elect Wu Rong-Hui as Director             For       For        Management
4.9   Elect Huang Wu-Tong as Director           For       For        Management
4.10  Elect Yang Kuan-Hsien as Director         For       For        Management
4.11  Elect Hsiao Tsu-Fei as Director           For       For        Management
4.12  Elect Kao Ying-Zhi as Supervisor          For       For        Management
4.13  Elect Chen Mao-Cheng as Supervisor        For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

EVA AIRWAYS  CORPORATION

Ticker:                      Security ID:  TW0002618006
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Execution of Unsecured  None      Abstain    Management
      Corporate Bonds
1.4   Receive Report on Execution of Secured    None      Abstain    Management
      Corporate Bonds
2.1   Accept Financial Statements and Statutory For       For        Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Amend Articles of Association             For       For        Management
3     Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

EVERGREEN MARINE CORP.

Ticker:                      Security ID:  TW0002603008
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       Against    Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

FAR EASTERN  DEPARTMENT STORES

Ticker:                      Security ID:  TW0002903002
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive 2003 Financial Report             None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on Endorsement and         None      Abstain    Management
      Guarantees
1.5   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
1.6   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

FAR EASTERN TEXTILE LTD.

Ticker:                      Security ID:  TW0001402006
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive 2003 Financial Report             None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
1.5   Receive Report Regarding Establishment of None      Abstain    Management
      Guidelines for the Board of Director's
      Meeting
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Articles of Association             For       For        Management
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

FIRST FINANCIAL HOLDING COMPANY

Ticker:                      Security ID:  TW0002892007
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Issuance of Global  None      Abstain    Management
      Depository Receipts (GDR)
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       Against    Management
3     Amend Articles of Association             For       Against    Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

FORMOSA CHEMICAL & FIBER CO. LTD.

Ticker:                      Security ID:  TW0001326007
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Change of Director      None      Abstain    Management
1.4   Receive Report on the Issuance of         None      Abstain    Management
      Unsecured Corporate Debt
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Issuance of New Shares            For       For        Management
2.4   Amend Articles of Association             For       For        Management
2.5   Approve Split of Detergent Department to  For       For        Management
      the Subsidiary
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

FORMOSA PLASTICS

Ticker:                      Security ID:  TW0001301000
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
2     Approve Financial Statements, and         For       Abstain    Management
      Allocation of Income and Dividend
3     Approve Capitalization of 2003 Dividends  For       For        Management
      and Capital Reserve


--------------------------------------------------------------------------------

FORMOSA TAFFETA CO

Ticker:                      Security ID:  TW0001434009
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report on 2003 Business Operation None      None       Management
      Results
2     Accept Financial Statements, Allocation   For       Abstain    Management
      of Income and Dividends
3     Approve Capitalization of 2003 Dividends  For       For        Management
4     Amend Articles of Association             For       Against    Management
5     Other Busines                             For       Against    Management


--------------------------------------------------------------------------------

FUBON FINANCIAL HOLDING

Ticker:                      Security ID:  TW0002881000
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  APR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Amend Articles of Association             For       For        Management
4     Elect an Independent Director             For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

GIANT MANUFACTURING COMPANY LTD

Ticker:                      Security ID:  TW0009921007
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

GIGA BYTE TECHNOLOGY CO LTD

Ticker:                      Security ID:  TW0002376001
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 2.50 per Share and Stock
      Dividend of 50 Shares per 1000 Shares
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Approve Investment in People's Republic   For       For        Management
      of China
3.4   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

HON HAI PRECISION INDUSTRY

Ticker:       HNHXY          Security ID:  TW0002317005
Meeting Date: DEC 24, 2003   Meeting Type: Special
Record Date:  NOV 24, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement with Ambit       For       For        Management
      Microsystem Corp. Agreement
2     Issue Shares in Connection with Merger    For       For        Management
      with Ambit Microsystem Corp.
3     Amend Articles of Association Re: Changes For       For        Management
      in Articles to Reflect Merger


--------------------------------------------------------------------------------

HON HAI PRECISION INDUSTRY

Ticker:       HNHXY          Security ID:  TW0002317005
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Indirect Investment     None      Abstain    Management
1.4   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
1.5   Receive Report on Mergers and Acquisition None      Abstain    Management
1.6   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
2.5   Amend Articles of Association             For       For        Management
2.6   Elect Directors and Supervisors           For       For        Management
2.7   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

HUA NAN FINANCIAL HOLDINGS

Ticker:                      Security ID:  TW0002880002
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3.1   Amend Articles of Association             For       For        Management
3.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

INTERNATIONAL BANK OF TAIPEI (TAIPEI BUSINESS BANK)

Ticker:                      Security ID:  TW0002808003
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       Against    Management
3.3   Amend Procedures Governing Financial      For       Against    Management
      Derivative Transactions
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

INVENTEC CO LTD.

Ticker:                      Security ID:  TW0002356003
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.4   Receive Report on Indirect Investments in None      Abstain    Management
      Mainland China
1.5   Receive Report on the Amendment of Board  None      Abstain    Management
      and Supervisor's Meeting Procedures
2.1   Amend Procedures on Shareholders' Meeting For       For        Management
2.2   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.3   Approve Allocation of Income and          For       For        Management
      Dividends
2.4   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.5   Amend Operating Procedures for the Loan   For       For        Management
      of Funds to Other  Parties
2.6   Amend Nomination Procedures for the       For       For        Management
      Board
2.7   Amend Articles of Association             For       For        Management
2.8   Approve Reduction in Shareholding in a    For       For        Management
      Subsidiary
3     Elect Directors and Supervisors           For       For        Management
4     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

KINPO ELECTRONICS INC

Ticker:                      Security ID:  TW0002312006
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Amend Procedures Governing Acquisition or For       Against    Management
      Disposal of Assets
3.4   Elect Directors and Supervisors           For       For        Management
3.5   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

LITE-ON TECHNOLOGY CORP.

Ticker:                      Security ID:  TW0002301009
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Mergers and Acquisition None      Abstain    Management
1.4   Amend Endorsement and Guarantee Operating None      None       Management
      Guidelines
1.5   Receive Report on Issuance of Domestic    None      Abstain    Management
      Convertible Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Amend Operating Procedures for the Loan   For       For        Management
      of Funds to Other  Parties, and
      Endorsement and Guarantee
2.5   Amend Articles of Association             For       For        Management
3     Elect Directors and Supervisors           For       For        Management
4     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

MACRONIX INTERNATIONAL CO. LTD.

Ticker:       MXICY          Security ID:  TW0002337003
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Related Party           None      Abstain    Management
      Transaction
1.4   Receive Report on Endorsement and         None      Abstain    Management
      Guarantees
1.5   Receive Report on Share Issuance          None      Abstain    Management
1.6   Receive Report on the Issuance of Global  None      Abstain    Management
      Depository Receipts (GDR)
1.7   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
3.1   Amend Articles of Association             For       For        Management
3.2   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
3.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3.4   Approve Increase in Size of Board         For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

MEDIA TEK INCORP

Ticker:                      Security ID:  TW0002454006
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

MEGA FINANCIAL HOLDINGS CO(FRM CTB FINANCIAL HOLDING CO LTD)

Ticker:                      Security ID:  TW0002886009
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Issuance of Overseas    None      Abstain    Management
      Corporate Bonds
1.4   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.5   Receive Report on the Amendment of        None      Abstain    Management
      Employee Stock Option Plan
1.6   Receive Report on the Establishment of    None      Abstain    Management
      Board of Directors' Meeting Guidelines
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Articles of Association             For       For        Management
3.2   Amend Procedures Governing Derivative     For       For        Management
      Financial Instruments
3.3   Amend Shareholders' Meeting Rules and     For       For        Management
      Procedures
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

MICRO-STAR INTERNATIONAL CO., LTD.

Ticker:                      Security ID:  TW0002377009
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Unsecured Corporate     None      Abstain    Management
      Bonds
1.4   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
1.5   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Articles of Association             For       For        Management
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3.4   Other Discussions                         None      Against    Management
4     Other Businessq                           None      Against    Management


--------------------------------------------------------------------------------

MICROELECTRONICS TECHNOLOGY INC

Ticker:                      Security ID:  TW0002314002
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.4   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.5   Amend Rules and Procedures on Board       None      Abstain    Management
      Meeting
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
3     Elect Directors and Supervisors           For       For        Management
4     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

MOSEL VITELIC INC.

Ticker:                      Security ID:  TW0002342003
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  JUN 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Reduction in Stated Capital       For       For        Management
3     Amend Articles of Association             For       For        Management
4     Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

NAN YA PLASTIC

Ticker:                      Security ID:  TW0001303006
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive 2003 Report                       None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of Capital         For       For        Management
      Reserves
2.4   Amend Articles of Association             For       For        Management
3     Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

NIEN HSING TEXTILE CO LTD

Ticker:                      Security ID:  TW0001451003
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
1.4   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Amend Articles of Association             For       For        Management
3.2   Amend Rules and Procedures on Shareholder For       For        Management
      Meeting
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

NIEN MADE ENTERPRISE CO LTD

Ticker:                      Security ID:  TW0009915009
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2002 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Purchase of         None      Abstain    Management
      Building from Related Party
1.4   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.5   Receive Report on Indirect Investments    None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 1.20 and Stock Dividend
      of 280 Shares per 1000 Shares
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       Against    Management
3.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ORIENTAL UNION CHEMICAL

Ticker:                      Security ID:  TW0001710002
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results of FY 2003
1.2   Receive 2003 Financial Report             None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Approve Issuance of New Shares            For       For        Management
3.3   Amend Articles of Association             For       For        Management
4     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

PACIFIC ELECTRIC WIRE AND CABLE CORP.

Ticker:                      Security ID:  TW0001602001
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
1.3   Receive Report on Endorsement Guaranty    None      Abstain    Management
1.4   Receive Report on the Delisting of        None      Abstain    Management
      Company Shares
1.5   Receive Supervisors' Report               None      Abstain    Management
2.1   Re-Approve 1998 Financial Statements      For       Abstain    Management
2.2   Re-Approve 1999 Financial Statements      For       Abstain    Management
2.3   Re-Approve 2000 Financial Statements      For       Abstain    Management
2.4   Re-Approve 2001 Financial Statements and  For       Abstain    Management
      Consolidated Statements
2.5   Re-Approve 2002 Financial Statements and  For       Abstain    Management
      Consolidated Statements
2.6   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.7   Ratify 2003 Net Loss                      For       For        Management
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

PHOENIXTEC POWER

Ticker:                      Security ID:  TW0002411006
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Status of the       None      Abstain    Management
      Indirect Investment of the Company
1.4   Receive Report on Endorsments and         None      Abstain    Management
      Guarantees
1.5   Receive Report on the Amendment of        None      Abstain    Management
      Employee Stock Option Plan
1.6   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

PICVUE ELECTRONICS

Ticker:                      Security ID:  TW0002333002
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
1.4   Receive Report on Issuance of Domestic    None      Abstain    Management
      Convertible Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

POU CHEN

Ticker:                      Security ID:  TW0009904003
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.4   Receive Report on Assets Acquisitions     None      Abstain    Management
1.5   Receive Report on Indirect Investments in None      Abstain    Management
      Mainland China
1.6   Receive Report on Issuance of 9th Secured None      Abstain    Management
      Corporate Bonds
1.7   Receive Report on Execution of Unsecured  None      Abstain    Management
      Corporate Bonds
1.8   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.9   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend NTD 1.00 per Share and Stock
      Dividend of 100 Shares per 1000 Shares
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Approve Transfer of a Business to         For       For        Management
      Subsidiary Company
2.5   Amend Articles of Association             For       Against    Management
2.6   Elect Directors and Supervisors           For       For        Management
2.7   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

PREMIER IMAGE TECHNOLOGY CORP. ( FORMERLY PREMIER CAMERA TAI

Ticker:                      Security ID:  TW0002394004
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Other Businessq                           None      Against    Management


--------------------------------------------------------------------------------

PRESIDENT CHAIN ST

Ticker:                      Security ID:  TW0002912003
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results of FY 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement Guaranty to None      Abstain    Management
      Third Party
1.4   Receive Report on Related Party           None      Abstain    Management
      Transaction
1.5   Receive Report on the Status of Indirect  None      Abstain    Management
      Investment in Mainland China
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Elect a Supervisor                        For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

PRODISC TECHNOLOGY INC( FORMERLY PRODISC INTERNATIONAL)

Ticker:                      Security ID:  TW0002396009
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report Regarding Board Meetings   None      Abstain    Management
1.4   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
1.5   Receive Report on Indirect Investments in None      Abstain    Management
      Mainland China
1.6   Amend Employee Stock Option Plan          None      None       Management
1.7   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Approve Issuance of New Shares            For       For        Management
3.3   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

QUANTA COMPUTER INC.

Ticker:                      Security ID:  TW0002382009
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operating None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Issuance of Global  None      Abstain    Management
      Depository Receipts (GDR)
1.4   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Elect Directors and Supervisors           For       For        Management
3.4   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

REALTEK SEMICONDUCTOR CORP.

Ticker:                      Security ID:  TW0002379005
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

RITEK CORPORATION (FORMERLY RITEK INC)

Ticker:                      Security ID:  TW0002349008
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Status of           None      Abstain    Management
      Acquisition or Disposal of Assets with
      Related Parties for 2003
1.4   Receive Report on the Execution Status on None      Abstain    Management
      Endorsement and Guarantee
1.5   Receive Report on the Amendment of Board  None      Abstain    Management
      Meeting Procedures
1.6   Receive Report on Issuance of Overseas    None      Abstain    Management
      Convertible Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

SAMPO CORPORATION

Ticker:                      Security ID:  TW0001604007
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsments and         None      Abstain    Management
      Guarantees
1.4   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

SHIHLIN ELEC & ENG

Ticker:                      Security ID:  TW0001503001
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Issuance of Secured     None      Abstain    Management
      Corporate Bonds
1.4   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.5   Receive Report Regarding Acquisition or   None      Against    Management
      Disposal of Assets
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Amend Articles of Association             For       For        Management
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

SILICONWARE PRECISION INDUSTRIES CO

Ticker:                      Security ID:  TW0002325008
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Revisions to the    None      Abstain    Management
      2003 Employee Stock Options Plan
1.4   Receive Report on Execution of Unsecured  None      Abstain    Management
      Corporate Bonds
1.5   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3.3   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3.4   Approve Investment in People's Republic   For       For        Management
      of China
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

SINOPAC HOLDINGS

Ticker:                      Security ID:  TW0002890001
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Amend Endorsement and Guarantee Operating For       For        Management
      Guidelines
2.3   Amend Operating Procedures for the Loan   For       For        Management
      of Funds to Other  Parties
2.4   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
2.5   Amend Procedures Governing Financial      For       For        Management
      Derivative Transactions
2.6   Approve Change of Usage of Proceeds from  For       For        Management
      Overseas Convertible Bonds Issuance
2.7   Approve Investment in a Company           For       For        Management
3.1   Approve Allocation of Income and          For       For        Management
      Dividends
3.2   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.3   Amend Articles of Association             For       Against    Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

SYNNEX TECHNOLOGY INTERNATIONAL

Ticker:                      Security ID:  TW0002347002
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:  MAR 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive 2002 Financial Report             None      Abstain    Management
1.3   Receive Endorsement and Guarantee Report  None      Abstain    Management
1.4   Receive Report on Process Procedures for  None      Abstain    Management
      the Loan of Funds to Other Parties
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

SYSTEX CORPORATION

Ticker:                      Security ID:  TW0002343001
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsments and         None      Abstain    Management
      Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

TAISHIN FINANCIAL HOLDINGS CO LTD

Ticker:                      Security ID:  TW0002887007
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
2.1   Approve Change of Usage of Proceeds from  For       For        Management
      Domestic and Overseas Convertible Bond
      Issuance
2.2   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.3   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 1.20 per Share and Stock
      Dividend of 60 Shares per 1000 Shares
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3.3   Amend Articles of Association             For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TAIWAN CELLULAR CORP

Ticker:                      Security ID:  TW0003045001
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Amendment of        None      Abstain    Management
      Employee Stock Option Plan
1.4   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 2.40 per Share
2.3   Amend Articles of Association             For       Against    Management
2.4   Amend Procedures Governing the            For       Against    Management
      Acquisition or Disposal of Assets
2.5   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3     Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TAIWAN CEMENT

Ticker:                      Security ID:  TW0001101004
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      None       Management
      Results
1.2   Receive Supervisors' Report               None      None       Management
1.3   Receive Report on Issuance of Unsecured   None      None       Management
      Corporate Bonds
1.4   Receive Report on Endorsement and         None      None       Management
      Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports, and Allocation of Income and
      Dividends
2.2   Approve Issuance of New Shares            For       For        Management
2.3   Amend Articles of Association             For       For        Management
2.4   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TAIWAN GLASS

Ticker:                      Security ID:  TW0001802007
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results of FY 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Indirect Investment None      Abstain    Management
      to China
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3.1   Approve Allocation of Income and          For       For        Management
      Dividends
3.2   Approve Issuance of New Shares            For       For        Management
3.3   Amend Articles of Association             For       For        Management
3.4   Amend Operating Procedures for the Loan   For       For        Management
      of Funds to Other  Parties
3.5   Amend Endorsement and Guarantee Operating For       For        Management
      Guideline
3.6   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TAIWAN SECOM

Ticker:                      Security ID:  TW0009917005
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TAIWAN SEMICONDUCTOR MANUFACTURING CO.

Ticker:       TSM.P          Security ID:  TW0002330008
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Acquisition and     None      Abstain    Management
      Disposal of Assets
1.4   Receive Report on Endorsments and         None      Abstain    Management
      Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 0.60 per Share and Stock
      Dividend of 140 Shares per 1000 Shares
      Held
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TAIWAN STYRENE MONOMER

Ticker:                      Security ID:  TW0001310001
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement and         None      Abstain    Management
      Guarantees
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 0.65 per Share
3     Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TATUNG

Ticker:                      Security ID:  TW0002371002
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Omission For       For        Management
      of Dividends
2.3   Amend Articles of Association             For       For        Management
2.4   Amend Nomination Procedures for the       For       Against    Management
      Board
2.5   Amend Procedures Governing Derivative     For       Against    Management
      Financial Instruments
2.6   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TECO ELECTRIC & MACHINERY

Ticker:                      Security ID:  TW0001504009
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and Cash     For       For        Management
      Dividend of NTD 0.50 per Share
3     Amend Articles of Association             For       Against    Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

TUNG HO STEEL

Ticker:                      Security ID:  TW0002006004
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsements and        None      Abstain    Management
      Guarantees
1.4   Receive Report Regarding Loan of Funds to None      Abstain    Management
      Other Parties
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Amend Articles of Association             For       Against    Management
2.5   Amend Operating Procedures for the Loan   For       Against    Management
      of Funds to Other  Parties
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

UNI-PRESIDENT ENTERPRISES CORP.

Ticker:                      Security ID:  TW0001216000
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement Processing  None      Abstain    Management
      Policies
1.4   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
1.5   Receive Report on the Cancellation of     None      Abstain    Management
      Treasury Shares
1.6   Receive Report Regarding Establishment of None      Abstain    Management
      Guidelines for the Board of Director's
      Meeting
1.7   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
1.8   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Investment in People's Republic   For       Against    Management
      of China
2.4   Amend Articles of Association             For       Against    Management
2.5   Elect Directors and Supervisors           For       For        Management
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

UNITED MICRO ELECTRONIC

Ticker:                      Security ID:  TW0002303005
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 AGM                None      Abstain    Management
1.2   Receive Report on Business Operation      None      Abstain    Management
      Results for Fiscal Year 2003
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Report on the Acquisition and     None      Abstain    Management
      Disposal of Assets
1.5   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

VIA TECHNOLOGIES

Ticker:                      Security ID:  TW0002388006
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsements and        None      Abstain    Management
      Guarantees
1.4   Receive Report on Indirect Investments to None      Abstain    Management
      Mainland China
1.5   Receive Report on Treasury Shares         None      Abstain    Management
1.6   Receive Report on Issuance of Convertible None      Abstain    Management
      Bonds
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of Capital Reserve For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
3.3   Amend Operating Procedures for the Loan   For       Against    Management
      of Funds to Other  Parties
3.4   Amend Endorsement and Guarantee Operating For       For        Management
      Guidelines
3.5   Amend Procedures Governing the            For       For        Management
      Acquisition or Disposal of Assets
3.6   Amend Procedures Governing Derivative     For       For        Management
      Financial Instruments
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

WALSIN LIHWA CORP OF TAIWAN

Ticker:                      Security ID:  TW0001605004
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve New Rights Issue to Sponsor       For       For        Management
      Depository Receipts Offering
4     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

WAN HAI LINES LIMITED

Ticker:                      Security ID:  TW0002615002
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on Business Operation      None      Abstain    Management
      Results of FY 2003
1.2   Receive Report on Consolidated Business   None      Abstain    Management
      Operation Results of FY 2003
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive 2003 Financial Reports            None      Abstain    Management
1.5   Receive Report on Overseas Convetible     None      Abstain    Management
      Bonds
1.6   Receive Report on Indirect Investments in None      Abstain    Management
      Mainland China
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
2.3   Approve Allocation of Income and          For       For        Management
      Dividends
2.4   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

WINBOND ELECTRONICS CORPORATION

Ticker:       WBEKY          Security ID:  TW0002344009
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report of General Manager         None      Abstain    Management
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Ratify 2003 Net Loss                      For       For        Management
2.3   Amend Rules and Procedures Regarding      For       For        Management
      Acquisition and Disposal of Assets,
      Derivative Financial Instruments,
      Endorsement and Guarantee Operating
      Guideline
2.4   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
2.5   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
3     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

WUS PRINTD CIRCUIT

Ticker:                      Security ID:  TW0002316007
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Endorsement and         None      Abstain    Management
      Guarantees
1.4   Receive Report on the Execution of        None      Abstain    Management
      Treasury Shares
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Procedures Governing Derivative     For       Against    Management
      Financial Instruments
3.3   Amend Articles of Association             For       Against    Management
3.4   Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

YAGEO CORP

Ticker:                      Security ID:  TW0002327004
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Execution of Treasury   None      Abstain    Management
      Stocks
1.4   Receive Report on the Issuance of         None      Abstain    Management
      Corporate Debt
1.5   Receive Report on the Execution of        None      Abstain    Management
      Employee Stock Option Plan
1.6   Receive Report on the Establishment of    None      Abstain    Management
      Board of Directors' Meeting Guidelines
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Compensation of the Accumulated   For       For        Management
      Losses of the Company
3     Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
6     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

YANG MING MARINE TRANSPORT CORP.

Ticker:                      Security ID:  TW0002609005
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive 2003 Financial Reports            None      Abstain    Management
1.3   Receive Supervisors' Report               None      Abstain    Management
1.4   Receive Other Reports                     None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
2.3   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
2.4   Amend Procedures Governing the            For       Against    Management
      Acquisition or Disposal of Assets
3     Elect Directors and Supervisors           For       For        Management
4     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

YULON MOTOR (FRMLY YUE LOONG MOTOR)

Ticker:                      Security ID:  TW0002201001
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.2   Receive Supervisors' Report               None      Abstain    Management
1.3   Receive Report on Status of Endorsements  None      Abstain    Management
      and Guarantees
1.4   Receive Report on the Acquisition or      None      Abstain    Management
      Disposal of Assets
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
      and Employee  Profit  Sharing
3.2   Amend Articles of Association             For       For        Management
4     Elect Directors and Supervisors           For       For        Management
5     Other Business                            None      Against    Management


--------------------------------------------------------------------------------

ZYXEL COMMUNICTIONS

Ticker:                      Security ID:  TW0002391000
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Report on 2003 Operation Status   None      Abstain    Management
1.2   Receive Report on 2003 Business Operation None      Abstain    Management
      Results
1.3   Receive Supervisors' Report               None      Abstain    Management
2.1   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2.2   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Capitalization of 2003 Dividends  For       For        Management
3.2   Amend Articles of Association             For       For        Management
3.3   Approve Investment Ceiling in People's    For       For        Management
      Republic of China
4     Approve Release of Restrictions of        For       For        Management
      Competitive Activities  of  Directors
5     Other Business                            None      Against    Management




==================== ISHARES MSCI UNITED KINGDOM INDEX FUND ====================


3I GROUP PLC (FORMERLY INVESTORS IN INDUSTRY)

Ticker:                      Security ID:  GB0008886938
Meeting Date: JUL 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 8.6 Pence Per   For       For        Management
      Share
4     Elect Christine Morin-Postel as Director  For       For        Management
5     Reelect Martin Gagen as Director          For       For        Management
6     Reelect Michael Queen as Director         For       For        Management
7     Reelect Danny Rosenkranz as Director      For       For        Management
8     Ratify Ernst and Young LLP as Auditors    For       For        Management
9     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
10    Authorize 61,095,275 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

AEGIS GROUP PLC

Ticker:       AEGSY          Security ID:  GB0009657569
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 0.8 Pence Per   For       For        Management
      Ordinary Share
3     Re-elect Bernard Fournier as Director     For       For        Management
4     Re-elect Robert Lerwill as Director       For       For        Management
5     Elect Daniel Farrar as Director           For       For        Management
6     Elect Charles Strauss as Director         For       For        Management
7     Elect Leslie Van de Walle as Director     For       For        Management
8     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Approve Remuneration Report               For       Against    Management
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 18,539,204
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,780,511
13    Authorise 55,617,614 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

AGGREKO

Ticker:                      Security ID:  GB0001478998
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 3.45 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect George Walker as Director        For       For        Management
5     Re-elect Hendrik Jan Molenaar as Director For       For        Management
6     Elect Rupert Soames as Director           For       For        Management
7     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
8     Approve Aggreko Performance Share Plan    For       For        Management
      2004
9     Approve Aggreko Co-investment Plan 2004   For       For        Management
10    Approve Aggreko Employee Benefit Trust    For       For        Management
11    Authorise Directors to Vote On and Be     For       For        Management
      Counted in the Quorum on Any Matter
      Connected with the Aggreko Performance
      Share Plan 2004, the Aggreko
      Co-investment Plan 2004 and the Aggreko
      Employee Benefit Trust
12    Amend Articles of Association Re:         For       For        Management
      Electronic Communications
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,678,000
14    Authorise 26,780,000 Shares for Market    For       For        Management
      Purchase


--------------------------------------------------------------------------------

ALLIANCE UNICHEM PLC (FRM.UNICHEM PLC)

Ticker:                      Security ID:  GB0009165720
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 11 Pence Per    For       For        Management
      Share
4     Re-elect Jeff Harris as Director          For       For        Management
5     Re-elect Ken Clarke as Director           For       For        Management
6     Re-elect Geoff Cooper as Director         For       For        Management
7     Re-elect George Fairweather as Director   For       For        Management
8     Elect Per Utnegaard as Director           For       For        Management
9     Elect Adrian Loader as Director           For       For        Management
10    Elect Manfred Stach as Director           For       For        Management
11    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
12    Approve Waiver on Tender-Bid Requirement  For       For        Management
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 8,222,518.90
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,753,505.50
15    Approve Scrip Dividend                    For       For        Management
16    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 300,000
      to GBP 500,000
17    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 75,000


--------------------------------------------------------------------------------

AMEC PLC

Ticker:                      Security ID:  GB0000282623
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 6.9 Pence Per   For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Approve the Remuneration Policy Set Out   For       For        Management
      in the Directors' Remuneration Report
5     Re-elect Jock Green-Armytage as Director  For       For        Management
6     Elect Carlos Riva as Director             For       For        Management
7     Re-elect Stuart Siddall as Director       For       For        Management
8     Re-elect Martha Hesse as Director         For       For        Management
9     Re-appoint KPMG Audit Plc as Auditors and For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
10    Authorise 30,097,456 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

AMERSHAM PLC (FORMERLY NYCOMED AMERSHAM PLC)

Ticker:       NYE            Security ID:  GB0002747532
Meeting Date: MAR 17, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement Re:         For       For        Management
      Acquisition by General Electric Company
      and GE Investments, Inc. of Amersham


--------------------------------------------------------------------------------

AMERSHAM PLC (FORMERLY NYCOMED AMERSHAM PLC)

Ticker:       NYE.B          Security ID:  GB0002747532
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement; and Amend  For       For        Management
      Articles Re: Scheme


--------------------------------------------------------------------------------

AMVESCAP PLC

Ticker:                      Security ID:  GB0001282697
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 6.5 Pence Per   For       For        Management
      Ordinary Share
4     Re-elect Joseph Canion as Director        For       For        Management
5     Re-elect Robert Graham as Director        For       For        Management
6     Elect Thomas Fischer as Director          For       For        Management
7     Re-elect Bevis Longstreth as Director     For       For        Management
8     Elect James Robertson as Director         For       For        Management
9     Re-elect Stephen West as Director         For       For        Management
10    Reappoint Ernst and Young LLP as Auditors For       For        Management
      and Authorise Board to Fix Remuneration
      of Auditors
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 61,750,000
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 10,032,500
13    Authorise 80,260,000 Ordinary Shares for  For       For        Management
      Market Purchase
14    Amend Articles of Association Re:         For       For        Management
      Retirement of Directors by Rotation and
      Repurchase of Shares to be Held in
      Treasury
15    Approve Amvescap International Sharesave  For       For        Management
      Plan


--------------------------------------------------------------------------------

ARM HOLDINGS PLC

Ticker:                      Security ID:  GB0000595859
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve a Combined Interim and Final      For       For        Management
      Dividend of 0.6 Pence Per Share
3     Approve Remuneration Report               For       For        Management
4     Re-elect Warren East as Director          For       For        Management
5     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
6     Authorise 102,330,000 Shares for Market   For       For        Management
      Purchase
7     Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

ASSOCIATED BRITISH PORTS HOLDINGS PLC

Ticker:                      Security ID:  GB0000564343
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 8.5 Pence Per   For       For        Management
      Share
4     Re-elect Andrew Simon as Director         For       Against    Management
5     Re-elect Derek Sach as Director           For       For        Management
6     Re-elect Tim Bowdler as Director          For       For        Management
7     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 50,000
10    Amend the Associated British Ports Share  For       For        Management
      Incentive Plan, Executive Share Option
      Scheme, Savings-Related Share Option
      Scheme, Long Term Incentive Plan and the
      US and Californian Employee Stock
      Purchase Plans
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 27,498,996
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 4,124,849
13    Authorise 32.9 Million Shares for Market  For       For        Management
      Purchase
14    Amend Articles of Association Re:         For       For        Management
      Treasury Shares


--------------------------------------------------------------------------------

ASTRAZENECA PLC (FORMERLY ZENECA PLC)

Ticker:       ZEN            Security ID:  GB0009895292
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Confirm First Interim Dividend of USD     For       For        Management
      0.255 Per Ordinary Share and Confirm as
      the Final Dividend the Second Interim
      Dividend of USD 0.540 Per Ordinary Share
3     Reappoint KPMG Audit Plc as Auditors of   For       For        Management
      the Company
4     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
5a    Re-elect Percy Barnevik as Director       For       For        Management
5b    Re-elect Hakan Mogren as Director         For       For        Management
5c    Re-elect Sir Tom McKillop as Director     For       For        Management
5d    Re-elect Jonathan Symonds as Director     For       For        Management
5e    Re-elect Sir Peter Bonfield as Director   For       For        Management
5f    Re-elect John Buchanan as Director        For       For        Management
5g    Re-elect Jane Henney as Director          For       For        Management
5h    Elect Michele Hooper as Director          For       For        Management
5i    Elect Joe Jimenez as Director             For       For        Management
5j    Re-elect Erna Moller as Director          For       For        Management
5k    Re-elect Dame Bridget Ogilvie as Director For       For        Management
5l    Elect Louis Schweitzer as Director        For       For        Management
5m    Re-elect Marcus Wallenberg as Director    For       For        Management
6     Approve Remuneration Report               For       For        Management
7     Adopt New Articles of Association         For       For        Management
8     Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of USD 150,000
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 140,456,500
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 21,068,745
11    Authorise up to 10 Percent of the         For       For        Management
      Company's Issued Share Capital for Market
      Purchase
12    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 750,000
      to GBP 1,100,000


--------------------------------------------------------------------------------

AVIVA PLC (FORMERLY CGNU PLC)

Ticker:                      Security ID:  GB0002162385
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 15.15 Pence Per For       For        Management
      Share
3     Elect Anna Catalano as Director           None      None       Management
4     Elect Carole Piwnica as Director          For       For        Management
5     Re-elect George Paul as Director          For       For        Management
6     Re-elect Philip Scott as Director         For       For        Management
7     Re-elect Patrick Snowball as Director     For       For        Management
8     Re-elect Elizabeth Vallance as Director   For       For        Management
9     Reappoint Ernst and Young LLP as Auditors For       For        Management
      of the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 185,000,000
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 28,000,000
13    Approve Remuneration Report               For       For        Management
14    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 100,000
15    Approve Scrip Dividend Program            For       For        Management
16    Amend Articles of Association Re:         For       For        Management
      Treasury Shares
17    Authorise 225 Million Ordinary Shares for For       For        Management
      Market Purchase
18    Authorise 100 Million 8.75 Percent        For       For        Management
      Preference Shares for Market Purchase1
19    Authorise 100 Million 8.375 Percent       For       For        Management
      Preference Shares for Market Purchase


--------------------------------------------------------------------------------

BAA PLC

Ticker:       BAAPY          Security ID:  GB0000673409
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 12.7 Pence Per  For       For        Management
      Share
4     Elect Janis Kong as Director              For       For        Management
5     Reelect Brian Collie as Director          For       For        Management
6     Reelect John Hoerner as Director          For       For        Management
7     Reelect Tony Ward as Director             For       For        Management
8     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 230,000,000
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 53,489,000
11    Approve Increase in Remuneration of       For       For        Management
      Non-executive Directors to GBP 450,000


--------------------------------------------------------------------------------

BAE SYSTEMS (FRM.BRITISH AEROSPACE PLC )

Ticker:                      Security ID:  GB0002634946
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 5.5 Pence Per   For       For        Management
      Ordinary Share
4     Re-elect Ulrich Cartellieri as Director   For       For        Management
5     Re-elect Lord Hesketh as Director         For       For        Management
6     Re-elect Steven Mogford as Director       For       For        Management
7     Re-elect George Rose as Director          For       For        Management
8     Elect Michael Hartnall as Director        For       For        Management
9     Re-appoint KPMG Audit Plc as Auditors of  For       For        Management
      the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 19,748,171
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,825,091
13    Authorise 306,007,313 Ordinary Shares for For       For        Management
      Market Purchase
14    Amend Articles of Association Re:         For       For        Management
      Treasury Shares


--------------------------------------------------------------------------------

BALFOUR BEATTY PLC (FORMERLY BICC PLC)

Ticker:                      Security ID:  GB0000961622
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 3.4 Pence Per   For       For        Management
      Ordinary Share
4     Re-elect Sir David John as Director       For       For        Management
5     Re-elect Robert Walvis as Director        For       For        Management
6     Re-elect Michael Welton as Director       For       For        Management
7     Elect Chalmers Carr as Director           For       For        Management
8     Elect Gordon Sage as Director             For       For        Management
9     Elect Christoph Von Rohr as Director      For       For        Management
10    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 70,086,274
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 10,512,941
13    Authorise 42,051,764 Ordinary Shares and  For       For        Management
      22,448,679 Convertible Preference Shares
      for Market Purchase
14    Authorise EU Political Donations and EU   For       For        Management
      Political Expenditure up to Aggregate
      Nominal Amount of GBP 25,000 Per Annum
15    Approve Reduction of Share Premium        For       For        Management
      Account to GBP 148,161,291.30; and
      Cancellation of the Capital Redemption
      Reserve


--------------------------------------------------------------------------------

BARCLAYS PLC

Ticker:       MVCI           Security ID:  GB0031348658
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Sir Richard Broadbent as Director   For       For        Management
4     Elect Roger Davis as Director             For       For        Management
5     Elect Gary Hoffman as Director            For       For        Management
6     Elect Naguib Kheraj as Director           For       For        Management
7     Elect David Roberts as Director           For       For        Management
8     Re-elect Sir Peter Middleton as Director  For       For        Management
9     Re-elect Stephen Russell as Director      For       For        Management
10    Re-elect Christopher Lendrum as Director  For       For        Management
11    Re-elect Sir Brian Jenkins as Director    For       For        Management
12    Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
13    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 82,053,000
15    Authorise 984,600,000 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

BARRATT DEVELOPMENTS PLC

Ticker:                      Security ID:  GB0000811801
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 12.32 Pence Per For       For        Management
      Share
3     Reelect S Boyes as Director               For       For        Management
4     Reelect P Gieron as Director              For       For        Management
5     Reelect G Hester as Director              For       For        Management
6     Elect C Fenton as Director                For       For        Management
7     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Approve Remuneration Report               For       For        Management
9     Approve Barratt Developments Long-Term    For       For        Management
      Performance Plan
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,136,425
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 1,193,179
12    Authorize 23,863,575 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

BBA GROUP

Ticker:                      Security ID:  GB0000677483
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 7.6 Pence Per   For       For        Management
      Ordinary Share
3     Re-elect Roberto Quarta as Director       For       For        Management
4     Re-elect Richard Stillwell as Director    For       For        Management
5     Re-elect Andrew Wood as Director          For       For        Management
6     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 37,554,327
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,638,787
10    Authorise 67,620,345 Ordinary Shares for  For       For        Management
      Market Purchase
11    Authorise 8,409,089 of 6.75 Percent       For       For        Management
      Cumulative Redeemable Preference Shares
      of GBP 1 Each for Market Purchase
12    Approve Remuneration Report               For       For        Management
13    Approve BBA Group 2004 Long-Term          For       For        Management
      Incentive Plan
14    Approve BBA Group Savings Related Share   For       For        Management
      Option Scheme
15    Authorise Directors to Adopt Further      For       For        Management
      Employee Share Plans Which are Based on
      the BBA Group 2004 Long-Term Incentive
      Plan and the BBA Group 2004 Savings
      Related Share Option Scheme
16    Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

BERKELEY GROUP PLC (THE)

Ticker:                      Security ID:  GB0000941772
Meeting Date: FEB 24, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve The Berkeley Group plc 2004       For       For        Management
      Long-Term Incentive Plan
2     Approve The Berkeley Group plc 2004 Share For       For        Management
      Incentive Plan
3     Approve The Berkeley Group plc            For       For        Management
      Remuneration Committee Policy


--------------------------------------------------------------------------------

BERKELEY GROUP PLC (THE)

Ticker:                      Security ID:  GB0000941772
Meeting Date: AUG 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 14.4 Pence Per  For       For        Management
      Share
3     Reelect Greg Fry as Director              For       For        Management
4     Reelect Tony Pidgley as Director          For       For        Management
5     Reelect Fred Wellings as Director         For       For        Management
6     Approve Remuneration Report               For       Abstain    Management
7     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 11,334,028
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 1,587,255
10    Authorize 12,698,043 Shares for Share     For       For        Management
      Repurchase Program
11    Authorize EU Political Donations up to    For       For        Management
      GBP 50,000


--------------------------------------------------------------------------------

BG GROUP PLC (FRM. BG PLC)

Ticker:       BRG            Security ID:  GB0008762899
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 1.86 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect Peter Backhouse as Director      For       For        Management
5     Re-elect Paul Collins as Director         For       For        Management
6     Re-elect William Friedrich as Director    For       For        Management
7     Re-elect Lord Sharman as Director         For       For        Management
8     Re-elect Keith Mackrell as Director       For       For        Management
9     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
10    Authorise Audit Committee to Fix          For       For        Management
      Remuneration of the Auditors
11    Authorise EU Political Donations and EU   For       For        Management
      Political Expenditure up to Aggregate
      Nominal of GBP 25,000
12    Approve the Use of Treasury Shares for    For       For        Management
      the Exercise of Options or the Vesting of
      Other Share Awards Under the Company's
      Share Schemes
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 117,730,026
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 17,659,504
15    Authorise 353,190,078 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

BHP BILLITON PLC (FORMERLY BILLITON PLC)

Ticker:                      Security ID:  GB0000566504
Meeting Date: OCT 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for BHP Billiton Ltd.
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports for BHP Billiton Plc
3     Reelect David Brink as Director of BHP    For       For        Management
      Billiton Ltd.
4     Reelect David Brink as Director of BHP    For       For        Management
      Billiton Plc
5     Reelect Michael Chaney as Director of BHP For       For        Management
      Billiton Ltd.
6     Reelect Michael Chaney as Director of BHP For       For        Management
      Billiton Plc
7     Reelect Robin Renwick as Director of BHP  For       For        Management
      Billiton Ltd.
8     Reelect Robin Renwick as Director of BHP  For       For        Management
      Billiton Plc
9     Elect Mike Salamon as Director of BHP     For       For        Management
      Billiton Ltd.
10    Elect Mike Salamon as Director of BHP     For       For        Management
      Billiton Plc
11    Elect John Buchanan as Director of BHP    For       For        Management
      Billiton Ltd.
12    Elect John Buchanan as Director of BHP    For       For        Management
      Billiton Plc
13    Approve KPMG Audit Plc and                For       For        Management
      PricewaterhouseCoopers LLP as Joint
      Auditors of BHP Billiton Plc and
      Authorize Board to Fix Their Remuneration
14    Authorize BHP Billiton Plc Issuance of    For       For        Management
      Equity or Equity-Linked Securities with
      Preemptive Rights up to Aggregate Nominal
      Amount of USD 265,926,499
15    Authorize BHP Billiton Plc Issuance of    For       For        Management
      Equity or Equity-Linked Securities
      without Preemptive Rights up to Aggregate
      Nominal Amount of USD 61,703,675
16    Authorize 246,814,700 Shares for BHP      For       For        Management
      Billiton Plc Share Repurchase Program
17    Approve Remuneration Report               For       For        Management
18    Approve Grant of Deferred Shares, Options For       For        Management
      and Performance Shares to Charles
      Goodyear under the BHP Billiton Ltd.
      Group Incentive Scheme
19    Approve Grant of Deferred Shares, Options For       For        Management
      and Performance Shares to Mike Salamon
      under the BHP Billiton Plc Group
      Incentive Scheme


--------------------------------------------------------------------------------

BOC GROUP PLC

Ticker:       BOX            Security ID:  GB0001081206
Meeting Date: JAN 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Andrew Bonfield as Director         For       For        Management
4     Reelect Christopher O'Donnell as Director For       For        Management
5     Reelect Julie Baddeley as Director        For       For        Management
6     Reelect John Walsh as Director            For       For        Management
7     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
8     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
9     Approve Dividend Policy                   For       For        Management
10    Authorize EU Political Donations up to    For       For        Management
      GBP 150,000
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 18,580,721
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 6,222,335
13    Authorize 49,778,680 Shares for Share     For       For        Management
      Repurchase Program
14    Amend Articles of Association Re:         For       For        Management
      Treasury Shares and Directors' Fees


--------------------------------------------------------------------------------

BOOTS GROUP PLC(FORMERLY BOOTS CO. PLC)

Ticker:       BTXSY          Security ID:  GB0032310780
Meeting Date: JUL 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 20.2 Pence Per  For       For        Management
      Share
3     Reelect Paul Bateman as Director          For       For        Management
4     Reelect Jan Bennink as Director           For       For        Management
5     Reelect Howard Dodd as Director           For       For        Management
6     Reelect John McGrath as Director          For       For        Management
7     Reelect Helene Ploix as Director          For       For        Management
8     Reelect Martin Read as Director           For       For        Management
9     Reelect Nigel Rudd as Director            For       For        Management
10    Reelect Andrew Smith as Director          For       For        Management
11    Approve Remuneration Report               For       Abstain    Management
12    Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 67.8 million
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 10.17 million
15    Authorize 81,300,000 Shares for Share     For       For        Management
      Repurchase Program
16    Authorize the Company to Make EU          For       For        Management
      Political Donations up to a Maximum
      Aggregate Sum of GBP 100,000
17    Authorize Boots Company Plc to Make EU    For       For        Management
      Political Donations up to Maximum
      Aggregate Sum of GBP 400,000


--------------------------------------------------------------------------------

BP PLC  (FORM. BP AMOCO PLC )

Ticker:       BP.PP          Security ID:  GB0007980591
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Re-elect The Lord Browne of Madingley as  For       For        Management
      Director
2     Re-elect Byron Grote as Director          For       For        Management
3     Re-elect Michael Miles as Director        For       For        Management
4     Re-elect Sir Robin Nicholson as Director  For       For        Management
5     Re-elect Dick Olver as Director           For       For        Management
6     Re-elect Sir Ian Prosser as Director      For       For        Management
7     Elect Antony Burgmans as Director         For       For        Management
8     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
9     Amend Articles of Association Re:         For       For        Management
      Treasury Shares and Annual Retirement of
      Directors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 1,820 Million
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 273 Million
12    Authorise 2.2 Billion Shares for Market   For       For        Management
      Purchase
13    Authorise the Company to use Treasury     For       For        Management
      Shares for the Purpose of the Employee
      Share Schemes Operated by the Company
14    Approve Remuneration Report               For       For        Management
15    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 1.5
      Million to GBP 2.5 Million
16    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
17    Require the Company to Prepare a Report   Against   Against    Shareholder
      Re: Mitigating Risks to Shareholder Value
      when Operating in Protected and Sensitive
      Areas


--------------------------------------------------------------------------------

BPB PLC (FORMERLY BPB INDUSTRIES PLC)

Ticker:                      Security ID:  GB0000687078
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 8.9 Pence Per   For       For        Management
      Share
4A    Reelect Lady Balfour of Burleigh as       For       For        Management
      Director
4B    Reelect Jean-Pierre Clavel as Director    For       For        Management
4C    Reelect Richard Cousins as Director       For       For        Management
4D    Reelect Mark Higson as Director           For       For        Management
4E    Reelect Paul Withers as Director          For       For        Management
5     Elect Gerry Acher as Director             For       For        Management
6     Approve Ernst and Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
7     Authorize 49 Million Ordinary Shares for  For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

BRITISH AIRWAYS PLC

Ticker:       BAB            Security ID:  GB0001290575
Meeting Date: JUL 15, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Amend Articles of Association Re:         For       For        Management
      Remuneration Report
4     Reelect Rod Eddington as Director         For       For        Management
5     Reelect Martin Broughton as Director      For       For        Management
6     Reelect Baroness O'Cathain as Director    For       For        Management
7     Reelect Martin Read as Director           For       For        Management
8     Ratify Ernst and Young LLP as Auditors    For       For        Management
9     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
10    Authorize Company to Carry Out Rights     For       For        Management
      Issues up to Aggregate Nominal Amount of
      GBP 89 Million and to Carry Out Limited
      Issuance without Preemptive Rights up to
      Aggregate Nominal Amount of GBP 13.5
      Million


--------------------------------------------------------------------------------

BRITISH AMERICAN TOBACCO PLC

Ticker:                      Security ID:  GB0002875804
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 27 Pence Per    For       For        Management
      Ordinary Share
4     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
5     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
6a    Elect Paul Adams as Director              For       For        Management
6b    Elect Antonio Monteiro de Castro as       For       For        Management
      Director
6c    Elect Jan du Plessis as Director          For       For        Management
6d    Re-elect Wong Kok Siew as Director        For       For        Management
7     Authorise 207.7 Million Shares for Market For       For        Management
      Purchase
8a    Amend Articles of Association Re:         For       For        Management
      Treasury Shares
8b    Amend Articles of Association Re:         For                  Management
      Directors' Fees


--------------------------------------------------------------------------------

BRITISH LAND COMPANY PLC (THE)

Ticker:                      Security ID:  GB0001367019
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 9.3 Pence Per   For       For        Management
      Share
3     Reelect Robert Swannell as Director       For       For        Management
4     Elect Christopher Gibson-Smith as         For       For        Management
      Director
5     Elect David Michels as Director           For       For        Management
6     Ratify Deloitte and Touche as Auditors    For       For        Management
7     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
8     Approve Remuneration Report               For       Abstain    Management
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 43,382,855
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 6,107,298
11    Authorize 30,320,954 Shares for Share     For       For        Management
      Repurchase Program
12    Approve Long-Term Incentive Plan          For       For        Management
13    Remove John Ritblat as a Director         Against   Against    Shareholder


--------------------------------------------------------------------------------

BRITISH SKY BROADCASTING PLC

Ticker:       BSY            Security ID:  GB0001411924
Meeting Date: NOV 14, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Lord Wilson as Director             For       For        Management
3     Elect James Murdoch as Director           For       For        Management
4     Elect Chase Carey as Director             For       For        Management
5     Reelect David Evans as Director           For       For        Management
6     Reelect Lord St John as Director          For       For        Management
7     Reelect Martin Stewart as Director        For       For        Management
8     Approve Deloitte and Touche LLP as        For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Remuneration Report               For       Against    Management
10    Authorize EU Political Donations up to    For       For        Management
      GBP 200,000
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 319,000,000
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 48,000,000
13    Approve Reduction of GBP 1.120 Billion    For       For        Management
      from Share Premium Account


--------------------------------------------------------------------------------

BT GROUP PLC (FORMERLY BRITISH TELECOMMUNICATIONS PLC)

Ticker:       BTY            Security ID:  GB0030913577
Meeting Date: JUL 16, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 4.25 Pence Per  For       For        Management
      Share
4     Reelect Anthony Greener as Director       For       For        Management
5     Reelect Louis Hughes as Director          For       For        Management
6     Reelect Maarten van den Bergh as Director For       For        Management
7     Elect Clayton Brendish as Director        For       For        Management
8     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 143 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 21 Million
11    Authorize 867 Million Shares for Share    For       For        Management
      Repurchase Program
12    Authorize British Telecommunications plc  For       For        Management
      to Make EU Political Donations up to GBP
      100,000


--------------------------------------------------------------------------------

BUNZL PLC

Ticker:                      Security ID:  GB0001540045
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 8.25 Pence Per  For       For        Management
      Share
3     Elect Michael Roney as Director           For       For        Management
4     Re-elect Alexander Dyer as Director       For       For        Management
5     Re-elect Jeff Harris as Director          For       For        Management
6     Reappoint KPMG Audit Plc as Auditors and  For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
7     Approve Remuneration Report               For       For        Management
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 40,800,000
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,606,250
10    Authorise 44,850,000 Ordinary Shares for  For       For        Management
      Market Purchase
11    Approve Part A Long-Term Incentive Plan   For       For        Management
      2004 (Share Option Awards)
12    Approve Part B of the Long-Term Incentive For       For        Management
      Plan 2004 (Performance Share Awards)


--------------------------------------------------------------------------------

CABLE & WIRELESS PLC

Ticker:       CWP            Security ID:  GB0001625572
Meeting Date: JUL 25, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Elect Richard Lapthorne as Director       For       For        Management
4     Elect Francesco Caio as Director          For       For        Management
5     Elect Kevin Loosemore as Director         For       For        Management
6     Elect Robert Rowley as Director           For       For        Management
7     Elect Anthony Rice as Director            For       For        Management
8     Elect Bernhard Gray as Director           For       For        Management
9     Elect Graham Howe as Director             For       For        Management
10    Elect Kaspar Rorsted as Director          For       For        Management
11    Ratify KPMG Audit Plc as Auditors         For       For        Management
12    Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
13    Approve the Cable and Wireless Employee   For       Against    Management
      Savings Related Share Option Scheme
14    Approve Cable and Wireless Global Savings For       Against    Management
      Related Share Option Scheme
15    Amend Cable and Wireless Share Purchase   For       For        Management
      Plan
16    Authorize EU Political Donations up to    For       For        Management
      GBP 200,000
17    Approve Cancellation of Share Premium     For       For        Management
      Account (Subject to Confirmation of the
      Court)
18    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 198,593,791.25
19    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 29,789,068.50


--------------------------------------------------------------------------------

CADBURY SCHWEPPES PLC

Ticker:       CSG            Security ID:  GB0006107006
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 8.35 Pence Per  For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Re-elect John Sunderland as Director      For       For        Management
5     Elect Ken Hanna as Director               For       For        Management
6     Re-elect Rick Braddock as Director        For       For        Management
7     Re-elect Roger Carr as Director           For       For        Management
8     Re-elect David Thompson as Director       For       For        Management
9     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 85.27 Million
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 12.92 Million
13    Authorise 25.84 Million Ordinary Shares   For       For        Management
      for Market Purchase
14    Amend Cadbury Schweppes Share Option Plan For       For        Management
      1994
15    Amend Cadbury Schweppes plc 1997          For       For        Management
      Long-Term Incentive Plan
16    Approve Cadbury Schweppes Bonus Share     For       For        Management
      Retention Plan 2004
17    Amend Overseas Employee Share Schemes     For       For        Management
18    Authorise the Board to Establish Further  For       For        Management
      Employees Share Plan or Plans


--------------------------------------------------------------------------------

CANARY WHARF GROUP

Ticker:                      Security ID:  GB0031016099
Meeting Date: NOV 12, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Reelect Peter Anderson as Director        For       For        Management
4     Reelect John Carter as Director           For       For        Management
5     Reelect George Iacobescu as Director      For       For        Management
6     Reelect Andrew Tisch as Director          For       For        Management
7     Approve Deloitte and Touche LLP as        For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Authorize the Company to Make EU          For       For        Management
      Political Donations up to GBP 100,000
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 1,950,000
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 290,000
11    Authorize 87 Million Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

CANARY WHARF GROUP

Ticker:                      Security ID:  GB0031016099
Meeting Date: MAR 22, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the Proposed Investment by Canary For       Did Not    Management
      Investments S.a.r.l in CWG Acquisition              Vote
      Holdings Ltd and the Proposed Management
      and Consultancy Arrangements Relating to
      Paul Reichmann on the terms described in
      the Circular to Shareholders Dated 5
      March 2004


--------------------------------------------------------------------------------

CANARY WHARF GROUP

Ticker:                      Security ID:  GB0031016099
Meeting Date: FEB 23, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement; and Amend  For       Did Not    Management
      Articles                                            Vote


--------------------------------------------------------------------------------

CANARY WHARF GROUP

Ticker:                      Security ID:  GB0031016099
Meeting Date: FEB 23, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement             For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

CANARY WHARF GROUP

Ticker:                      Security ID:  GB0031016099
Meeting Date: DEC 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of Properties at 5 Canada    For       For        Management
      Square and 25 Canada Square, Canary Wharf


--------------------------------------------------------------------------------

CAPITA GROUP PLC

Ticker:                      Security ID:  GB0001734747
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 2.7 Pence Per   For       For        Management
      Share
4     Re-elect Rodney Aldridge as Director      For       For        Management
5     Re-elect Peter Cawdron as Director        For       For        Management
6     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 4,403,547
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 667,207
10    Authorise 66,720,159 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

CARLTON COMMUNICATIONS PLC

Ticker:       CCTVY          Security ID:  GB0003419255
Meeting Date: JAN 13, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     To Give Effect to the Scheme of           For       For        Management
      Arrangement Between the Company and
      Holders of its Ordinary Shares


--------------------------------------------------------------------------------

CARLTON COMMUNICATIONS PLC

Ticker:       CCTVY          Security ID:  GB0003419255
Meeting Date: JAN 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     To Give Effect to the Scheme of           For       For        Management
      Arrangement Between the Company and
      Holders of its Ordinary Shares
2     To Give Effect to the Scheme of           For       For        Management
      Arrangement Between the Company and
      Holders of its 6.5 Pence Cumulative
      Convertible Redeemable Preference Shares
3     Approve ITV Approved Executive Share      For       For        Management
      Option Scheme
4     Approve ITV Unapproved Executive Share    For       For        Management
      Option Plan
5     Approve ITV Commitment Scheme             For       For        Management
6     Approve ITV Savings-Related Share Option  For       For        Management
      Plan
7     Approve ITV Share Incentive Plan          For       For        Management
8     Establish Plans for Oversea Employees of  For       For        Management
      ITV


--------------------------------------------------------------------------------

CARNIVAL PLC (FORMERLY P & O PRINCESS CRUISES PLC)

Ticker:                      Security ID:  GB0031215220
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Re-elect Micky Arison as Director of      For       For        Management
      Carnival Corporation and Carnival plc
2     Re-elect Ambassador Richard Capen Jr as   For       For        Management
      Director of Carnival Corporation and
      Carnival plc
3     Re-elect Robert Dickinson as Director of  For       For        Management
      Carnival Corporation and Carnival plc
4     Re-elect Arnold Donald as Director of     For       For        Management
      Carnival Corporation and Carnival plc
5     Re-elect Pier Luigi Foschi as Director of For       For        Management
      Carnival Corporation and Carnival plc
6     Re-elect Howard Frank as Director of      For       For        Management
      Carnival Corporation and Carnival plc
7     Re-elect Baroness Hogg as Director of     For       For        Management
      Carnival Corporation and Carnival plc
8     Re-elect Kirk Lanterman as Director of    For       For        Management
      Carnival Corporation and Carnival plc
9     Re-elect Modesto Maidique as Director of  For       For        Management
      Carnival Corporation and Carnival plc
10    Elect John McNulty as Director of         For       For        Management
      Carnival Corporation and Carnival plc
11    Re-elect Peter Ratcliffe as Director of   For       For        Management
      Carnival Corporation and Carnival plc
12    Re-elect Sir John Parker as Director of   For       For        Management
      Carnival Corporation and Carnival plc
13    Re-elect Stuart Subotnick as Director of  For       For        Management
      Carnival Corporation and Carnival plc
14    Re-elect Uzi Zucker as Director of        For       For        Management
      Carnival Corporation and Carnival plc
15    Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
16    Authorise the Board to Fix Remuneration   For       For        Management
      of the Auditors
17    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
18    Approve Remuneration Report               For       For        Management
19    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 24,299,397
20    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 17,535,030


--------------------------------------------------------------------------------

CATTLES PLC (FORMERLY CATTLE

Ticker:                      Security ID:  GB0001803666
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 8.15 Pence Per  For       For        Management
      Ordinary Share
3a    Re-elect Norman Broadhurst as Director    For       For        Management
3b    Re-elect Mark Collins as Director         For       For        Management
3c    Re-elect James Corr as Director           For       For        Management
3d    Re-elect Barrie Cottingham as Director    For       For        Management
4     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
5     Approve Remuneration Report               For       For        Management
6     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 10,932,386
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,639,857


--------------------------------------------------------------------------------

CELLTECH GROUP PLC (FRMCELLTECH CHIROSCIENCE PLC)

Ticker:                      Security ID:  GB0001822765
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Goran Ando as Director              For       For        Management
4     Elect Peter Cadbury as Director           For       For        Management
5     Elect Ingelise Saunders as Director       For       For        Management
6     Re-appoint KPMG Audit Plc as Auditors and For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 45,800,000
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 6,900,000
9     Authorise 27,776,636 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

CENTRICA PLC

Ticker:                      Security ID:  GB0005734388
Meeting Date: MAY 10, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 3.7 Pence Per   For       For        Management
      Share
4     Re-elect Phil Bentley as Director         For       For        Management
5     Re-elect Mark Clare as Director           For       For        Management
6     Re-elect Roger Carr as Director           For       For        Management
7     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 37,993,659
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 11,850,317
11    Authorise 426,611,414 Ordinary Shares for For       For        Management
      Market Purchase
12    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 125,000


--------------------------------------------------------------------------------

CLOSE BROTHERS GROUP PLC

Ticker:                      Security ID:  GB0007668071
Meeting Date: OCT 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Against    Management
3     Approve Final Dividend of 17 Pence Per    For       For        Management
      Share
4.1   Reelect P Buckley as Director             For       For        Management
4.2   Reelect S Hodges as Director              For       For        Management
4.3   Reelect P Macpherson as Director          For       For        Management
4.4   Reelect M McLintock as Director           For       For        Management
4.5   Reelect P Winkworth as Director           For       For        Management
5     Ratify Deloitte and Touche LLP as         For       For        Management
      Auditors
6     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
7     Authorize 21,600,000 Shares for Share     For       For        Management
      Repurchase Program
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 12,000,000
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 900,000
10    Approve Increase in Remuneration of       For       For        Management
      Nonexecutive Directors to GBP 600,000


--------------------------------------------------------------------------------

COBHAM PLC (FORMERLY FR GROUP)

Ticker:                      Security ID:  GB0003430062
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 19.8 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect Allan Cook as Director           For       For        Management
5     Re-elect Geoff Cooper as Director         For       For        Management
6     Elect Warren Tucker as Director           For       For        Management
7     Elect Andy Stevens as Director            For       For        Management
8     Elect Marcus Beresford as Director        For       For        Management
9     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
10    Approve the Cobham Executive Share Option For       For        Management
      Scheme 2004
11    Approve the Cobham Savings-Related Share  For       For        Management
      Option Scheme 2004
12    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 25,000
      to GBP 35,000
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 9,156,161
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,391,191


--------------------------------------------------------------------------------

COMPASS GROUP PLC

Ticker:                      Security ID:  GB0005331532
Meeting Date: FEB 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 5.7 Pence Per   For       For        Management
      Share
4     Re-elect Michael Bailey as Director       For       For        Management
5     Re-elect Denis Cassidy as Director        For       For        Management
6     Re-elect Sir Francis Mackay as Director   For       For        Management
7     Ratify Deloitte and Touche LLP as         For       For        Management
      Auditors
8     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
9     Authorise EU Political Donations up to    For       For        Management
      GBP 125,000
10    Amend the Compass Group UK                For       For        Management
      Savings-Related Share Option Scheme, the
      Compass Group PLC Internation Sharesave
      Scheme, the Compass Group Share Option
      Plan, the Compass Group Management Share
      Option Plan and the Compass Group
      Long-Term Incentive Plan
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 10.8 Million
12    Authorise 216,887,191 Shares for Market   For       For        Management
      Repurchase


--------------------------------------------------------------------------------

CORUS GROUP PLC (FRM.BSKH PLC (FORMERLY BRIT. STEEL PLC )

Ticker:       BST            Security ID:  GB0008280538
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Remuneration Report               For       For        Management
2     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
3.1   Elect Philippe Varin as Director          For       For        Management
3.2   Elect Kurt Lauk as Director               For       For        Management
3.3   Elect Andrew Robb as Director             For       For        Management
3.4   Re-elect James Leng as Director           For       For        Management
3.5   Re-elect Eric van Amerongen as Director   For       For        Management
4     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
5     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 147,825,301
6     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 22,173,795
7     Approve the Corus Group plc Leveraged     For       For        Management
      Equity Acquisition Plan
8     Amend the Rules of the Corus Sharesave    For       For        Management
      Scheme and the Corus Group Employee Share
      Ownership Plan
9     Authorise Corus Group plc to Make EU      For       For        Management
      Political Donations up to Aggregate
      Nominal Amount of GBP 50,000
10    Authorise Corus UK Limited to Make EU     For       For        Management
      Political Donations up  to Aggregate
      Nominal Amount of GBP 50,000
11    Authorise Orb Electrical Steels Limited   For       For        Management
      to Make EU Political Donations up to
      Aggregate Nominal Amount of GBP 50,000
12    Authorise 443,475,905 Ordinary Shares for For       For        Management
      Market Purchase
13    Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

DAVIS SERVICE GROUP

Ticker:                      Security ID:  GB0002572716
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 10.6 Pence Per  For       For        Management
      Share
4     Re-elect Neil Benson as Director          For       For        Management
5     Re-elect Roger Dye as Director            For       For        Management
6     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
7     Approve Increase in Remuneration of       For       For        Management
      Directors from GBP 50,000 to GBP 75,000
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 16,775,000
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,516,000
10    Authorize 20,130,000 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

DE LA RUE PLC (FORMERLY DE LA RUE CO. PLC)

Ticker:                      Security ID:  GB0009380592
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 9.2 Pence Per   For       For        Management
      Share
4     Elect Stephen King as Director            For       For        Management
5     Reelect Nicholas Brookes as Director      For       For        Management
6     Reelect Michael Jeffries as Director      For       For        Management
7     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
8     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 15,149,011
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 2,272,351
11    Authorize 27,250,041 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

DIAGEO PLC (FORMERLY GUINNESS PLC)

Ticker:       DEO            Security ID:  GB0002374006
Meeting Date: OCT 22, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 15.7 Pence Per  For       For        Management
      Share
4     Reelect Lord Blyth as Director            For       For        Management
5     Reelect Keith Oates as Director           For       For        Management
6     Reelect Paul Walsh as Director            For       For        Management
7     Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 44,833,003
9     Authorize 309,885,718 Shares for Share    For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

DIXONS GROUP PLC

Ticker:       DXNGY          Security ID:  GB0000472455
Meeting Date: SEP 10, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 5.145 Pence Per For       For        Management
      Share
3     Elect David Longbottom as Director        For       For        Management
4     Elect Andrew Lynch as Director            For       For        Management
5     Elect John Whybrow as Director            For       For        Management
6     Elect Rita Clifton as Director            For       For        Management
7     Reelect John Clare as Director            For       For        Management
8     Approve Deloitte and Touche LLP as        For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Approve Remuneration Report               For       Abstain    Management
10    Authorize EU Political Donations up to    For       For        Management
      GBP 50,000
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 16,224,672
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 2,433,701
13    Authorize 194 Million Ordinary Shares for For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

ELECTROCOMPONENTS PLC

Ticker:                      Security ID:  GB0003096442
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 11.75 Pence Per For       For        Management
      Share
4     Reelect Timothy Barker as Director        For       For        Management
5     Reelect Jeff Hewitt as Director           For       For        Management
6     Reelect Nick Temple as Director           For       For        Management
7     Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
8     Authorize 43,520,665 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

EMAP PLC

Ticker:                      Security ID:  GB0002993037
Meeting Date: JUL 10, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 14.6 Pence Per  For       For        Management
      Share
4     Reelect Adam Broadbent as Director        For       For        Management
5     Reelect Karen Jones as Director           For       For        Management
6     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 21,680,000
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 3,202,000
9     Authorize 25,645,063 Ordinary Shares for  For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

EMI GROUP PLC (FORMERLY THORN EMI)

Ticker:                      Security ID:  GB0000444736
Meeting Date: JUL 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 6.0 Pence Per   For       For        Management
      Share
3     Approve Remuneration Report               For       Abstain    Management
4     Reelect Eric Nicoli as Director           For       For        Management
5     Reelect Peter Georgescu as Director       For       For        Management
6     Elect David Londoner as Director          For       For        Management
7     Ratify Ernst and Young LLP as Auditors    For       For        Management
8     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 41,672,749
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 5,520,186
11    Authorize 78,859,793 Shares for Share     For       For        Management
      Repurchase Program
12    Approve Executive Share Incentive Plan    For       Against    Management


--------------------------------------------------------------------------------

ENTERPRISE INNS PLC

Ticker:                      Security ID:  GB0033872275
Meeting Date: MAR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Outstanding Equity For       For        Management
      in The Unique Pub Company Limited;
      Procurement by the Company of Funding to
      Enable Unique Pub Holding Company Limited
      (UPH), a Subsidiary of Unique, to Redeem
      all Outstanding Deep Discount Bonds in
      UPH's Capital


--------------------------------------------------------------------------------

ENTERPRISE INNS PLC

Ticker:                      Security ID:  GB0003104758
Meeting Date: JAN 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 11.4 Pence Per  For       For        Management
      Share
3     Elect David Harding as Director           For       For        Management
4     Reelect Michael Garner as Director        For       For        Management
5     Reelect Simon Townsend as Director        For       For        Management
6     Approve Ernst and Young LLP as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
7     Approve Remuneration Report               For       For        Management
8     Approve Sub-Division of Each Issued and   For       For        Management
      Unissued Ordinary Share of Ten Pence Each
      into Two Ordinary Shares of Five Pence
      Each
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 5,680,832
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 852,124
11    Authorize 51,093,410 Ordinary Shares for  For       For        Management
      Share Repurchase Program
12    Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

EXEL PLC

Ticker:       NFC            Security ID:  GB0004486881
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 16.8 Pence Per  For       For        Management
      Ordinary Share
4     Elect Dennis Millard as Director          For       For        Management
5     Elect John McDonough as Director          For       For        Management
6     Re-elect John Allan as Director           For       For        Management
7     Re-elect Mick Fountain as Director        For       For        Management
8     Re-elect Ian Smith as Director            For       For        Management
9     Re-appoint Ernst and Young LLP Auditors   For       For        Management
      and Authorise Board to Fix Remuneration
      of Auditors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 23,831,000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 4,141,000
12    Authorise 29,820,000 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

FIRSTGROUP PLC (FRM.FIRSTBUS PLC)

Ticker:                      Security ID:  GB0003452173
Meeting Date: JUL 3, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 7.45 Pence Per  For       For        Management
      Share
3     Reelect Mike Mitchell as Director         For       For        Management
4     Reelect David Dunn as Director            For       For        Management
5     Reelect Jim Forbes as Director            For       For        Management
6     Elect Martyn Williams as Director         For       For        Management
7     Approve Deloitte and Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,889,938
9     Approve Remuneration Report               For       Abstain    Management
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 1,033,490
11    Authorize 61,500,000 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

FKI PLC

Ticker:                      Security ID:  GB0003294591
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 0.3 Pence Per   For       For        Management
      Share
4     Elect Paul Heiden as Director             For       For        Management
5     Reelect Keith Orrell-Jones as Director    For       For        Management
6     Reelect Russell Edey as Director          For       For        Management
7     Reelect Chris Clark as Director           For       For        Management
8     Reelect Mike Hodgkinson as Director       For       For        Management
9     Reelect John Rodewig as Director          For       For        Management
10    Ratify Ernst and Young LLP as Auditors    For       For        Management
11    Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 16,300,000
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 2,900,000
14    Authorize 29,000,000 Shares for Share     For       For        Management
      Repurchase Program


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FRIENDS PROVIDENT PLC

Ticker:                      Security ID:  GB0030559776
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 4.9 Pence Per   For       For        Management
      Ordinary Share
3     Elect Ray King as Director                For       For        Management
4     Elect Philip Moore as Director            For       For        Management
5     Re-elect Lady Judge as Director           For       For        Management
6     Re-elect Lord MacGregor as Director       For       For        Management
7     Re-elect David Newbigging as Director     For       For        Management
8     Re-elect Keith Satchell as Director       For       For        Management
9     Re-elect Brian Sweetland as Director      For       For        Management
10    Approve Remuneration Report               For       For        Management
11    Re-appoint KPMG Audit Plc as Auditors of  For       For        Management
      the Company
12    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 57,430,303.70
14    Approve the Use of Treasury Shares for    For       For        Management
      the Exercise of Options or the Vesting of
      Other Share Awards Under the Company's
      Share Schemes
15    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 8,614,545.60
16    Authorise 172,290,911 Ordinary Shares for For       For        Management
      Market Purchase
17    Amend Articles of Association Re:         For       For        Management
      Treasury Shares


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GKN PLC (GUEST KEEN & NETFLD.)

Ticker:                      Security ID:  GB0030646508
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 7.8 Pence Per   For       For        Management
      Ordinary Share
3     Re-elect Roy Brown as Director            For       For        Management
4     Re-elect Ian Griffiths as Director        For       For        Management
5     Elect Helmut Mamsch as Director           For       For        Management
6     Elect Sir Christopher Meyer as Director   For       For        Management
7     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Approve Remuneration Report               For       For        Management
10    Authorise 73,411,339 Ordinary Shares for  For       For        Management
      Market Purchase
11    Amend Articles of Association Re: Sale of For       For        Management
      Treasury Shares
12    Approve GKN Long Term Incentive Plan 2004 For       For        Management
13    Approve GKN Executive Share Option Scheme For       For        Management
      2004
14    Approve New Overseas Executive Incentive  For       For        Management
      Schemes


--------------------------------------------------------------------------------

GLAXOSMITHKLINE PLC (FORMERLY GLAXO WELLCOME PLC )

Ticker:       SBH            Security ID:  GB0009252882
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Lawrence Culp as Director           For       For        Management
4     Elect Crispin Davis as Director           For       For        Management
5     Elect Sir Robert Wilson as Director       For       For        Management
6     Elect Tachi Yamada as Director            For       For        Management
7     Re-elect Sir Christopher Hogg as Director For       For        Management
8     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 100,000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 74,330,954
12    Authorise 594,647,632 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

GRANADA PLC (FRMRLY. GRANADA COMPASS)

Ticker:                      Security ID:  GB0008275660
Meeting Date: JAN 13, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     To Give Effect to the Scheme of           For       For        Management
      Arrangement Between the Company and
      Holders of Scheme Shares


--------------------------------------------------------------------------------

GRANADA PLC (FRMRLY. GRANADA COMPASS)

Ticker:                      Security ID:  GB0008275660
Meeting Date: JAN 13, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     To Give Effect to the Scheme of           For       For        Management
      Arrangement Between the Company and
      Holders of its Scheme Shares
2     Approve ITV Approved Executive Share      For       For        Management
      Option Scheme
3     Approve ITV Unapproved Executive Share    For       For        Management
      Option Scheme
4     Approve ITV Commitment Scheme             For       For        Management
5     Approve ITV Savings-Related Share Option  For       For        Management
      Scheme
6     Approve ITV Share Incentive Plan          For       For        Management
7     Establish Plans for Oversea Employees of  For       For        Management
      ITV


--------------------------------------------------------------------------------

GREAT PORTLAND ESTATES PLC

Ticker:                      Security ID:  GB0009629519
Meeting Date: JUL 15, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 6.83 Pence Per  For       For        Management
      Share
3     Approve Remuneration Report               For       Abstain    Management
4     Reelect David Godwin as Director          For       For        Management
5     Reelect John Edgcumnbe as Director        For       For        Management
6     Elect Robert Noel as Director             For       For        Management
7     Elect Kathleen O'Donovan as Director      For       For        Management
8     Approve Ernst and Young LLP as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
9     Approve Increase in Remuneration of       For       For        Management
      Non-executive Directors to GBP 400,000
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 33,815,70
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 5,077,337
12    Authorize 30,443,717 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

GUS PLC (FORMERLY GREAT UNIVERSAL STORES)

Ticker:                      Security ID:  GB0003847042
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 16.4 Pence Per  For       For        Management
      Share
4     Elect Craig Smith as Director             For       For        Management
5     Reelect Philip Harris as Director         For       For        Management
6     Reelect Louise Patten as Director         For       For        Management
7     Reelect John Peace as Director            For       For        Management
8     Reelect Oliver Stocken as Director        For       For        Management
9     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Authorize 100,000,000 Shares for Share    For       For        Management
      Repurchase Program
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 60,684,309
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 12,590,785
13    Approve Increase in Remuneration of       For       For        Management
      Non-executive Directors to GBP 500,000
14    Authorize Homebase Ltd. to Make EU        For       For        Management
      Political Donations up to GBP 25,000


--------------------------------------------------------------------------------

HAMMERSON PLC

Ticker:       HPD            Security ID:  GB0004065016
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 11.71 Pence Per For       For        Management
      Ordinary Share
4     Re-elect Ronald Spinney as Director       For       For        Management
5     Re-elect John Bywater as Director         For       For        Management
6     Re-elect Gerard Devaux as Director        For       For        Management
7     Re-elect Graham Pimlott as Director       For       Against    Management
8     Elect David Edmonds as Director           For       For        Management
9     Elect John Hirst as Director              For       For        Management
10    Elect John Nelson as Director             For       For        Management
11    Reappoint Deloitte and Touche LLP as      For       For        Management
      Auditors of the Company
12    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 23,269,613
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,455,271
15    Authorise 41,186,829 Ordinary Shares for  For       For        Management
      Market Purchase
16    Amend 2000 Deferred Share Plan            For       Against    Management
17    Amend 2000 Deferred Share Plan            For       Against    Management
18    Amend Articles and Memorandum of          For       For        Management
      Association Re: Electronic Communications
      Act, CREST, and Retirement of Directors
      by Rotation


--------------------------------------------------------------------------------

HANSON PLC

Ticker:       HANT           Security ID:  GB0004089834
Meeting Date: SEP 19, 2003   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement Re:         For       For        Management
      Introduction of a New Holdings Company


--------------------------------------------------------------------------------

HANSON PLC

Ticker:       HANT           Security ID:  GB0033516088
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Remuneration Report               For       Did Not    Management
                                                          Vote
3     Approve Final Dividend of 11.95 Pence Per For       Did Not    Management
      Ordinary Share                                      Vote
4.1   Re-elect Christopher Collins as Director  For       Did Not    Management
                                                          Vote
4.2   Re-elect Alan Murray as Director          For       Did Not    Management
                                                          Vote
4.3   Re-elect Lord Baker of Dorking as         For       Did Not    Management
      Director                                            Vote
4.4   Re-elect Frank Blount as Director         For       Did Not    Management
                                                          Vote
4.5   Re-elect Graham Dransfield as Director    For       Did Not    Management
                                                          Vote
4.6   Re-elect Simon Keswick as Director        For       Did Not    Management
                                                          Vote
4.7   Elect Sam Laidlaw as Director             For       Did Not    Management
                                                          Vote
4.8   Re-elect Jonathan Nicholls as Director    For       Did Not    Management
                                                          Vote
4.9   Re-elect Baronees Noakes as Director      For       Did Not    Management
                                                          Vote
5     Reappoint Ernst and Young LLP as Auditors For       Did Not    Management
      and Authorise Board to Fix Their                    Vote
      Remuneration
6.1   Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities with Pre-emptive           Vote
      Rights up to Aggregate Nominal Amount of
      GBP 24,550,000
6.2   Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,680,000
7     Authorise 73.6 Million Ordinary Shares    For       Did Not    Management
      for Market Purchase                                 Vote


--------------------------------------------------------------------------------

HANSON PLC

Ticker:       HANT           Security ID:  GB0004089834
Meeting Date: SEP 19, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement Re:         For       For        Management
      Introduction of a New Holding Company


--------------------------------------------------------------------------------

HAYS PLC

Ticker:                      Security ID:  GB0004161021
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of the Trading Operations    For       For        Management
      and Certain Assets of the Logistics
      Division of Hays plc to Certain
      Purchasers Formed by Platinum Equity, LLC


--------------------------------------------------------------------------------

HAYS PLC

Ticker:                      Security ID:  GB0004161021
Meeting Date: NOV 19, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 3.63 Pence Per  For       For        Management
      Share
3     Approve Remuneration Report               For       Against    Management
4     Elect John Martin as Director             For       For        Management
5     Reelect Xavier Urbain as Director         For       For        Management
6     Reelect Brian Wallace as Director         For       For        Management
7     Reelect Denis Waxman as Director          For       For        Management
8     Ratify Deloitte and Touche LLP as         For       For        Management
      Auditors
9     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 5,783,762
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 867,564
12    Authorize 260,000,000 Shares for Share    For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

HAYS PLC

Ticker:                      Security ID:  GB0004161021
Meeting Date: NOV 19, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Hays Long Term Co-Investment Plan For       Against    Management
2     Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

HBOS PLC

Ticker:                      Security ID:  GB0030587504
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 20.6 Pence Per  For       For        Management
      Ordinary Share
4     Elect Kate Nealon as Director             For       For        Management
5     Elect David Shearer as Director           For       For        Management
6     Re-elect James Crosby as Director         For       For        Management
7     Re-elect Phil Hodkinson as Director       For       For        Management
8     Re-elect Brian Ivory as Director          For       For        Management
9     Re-appoint KPMG Audit Plc Auditors and    For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 48,147,509
11    Authorise 385,035,595 Ordinary Shares for For       For        Management
      Market Purchase
12    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 25,000
      and Authorise HBOS UK plc, a Subsidiary
      of the Company, to Make EU Political
      Donations up to Aggregate Nominal Amount
      of GBP 75,000
13    Amend Articles of Association Re:         For       For        Management
      Preference Shares


--------------------------------------------------------------------------------

HILTON GROUP PLC (FRM.LADBROKE GROUP PLC)

Ticker:                      Security ID:  GB0005002547
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 5.52 Pence Per  For       For        Management
      10p Ordinary Share
3.1   Re-elect Sir Ian Robinson as Director     For       For        Management
3.2   Re-elect Patrick Lupo as Director         For       For        Management
3.3   Elect Ian Livingston as Director          For       For        Management
3.4   Elect Christopher Rodrigues as Director   For       For        Management
4     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
5.1   Approve Remuneration Report               For       For        Management
5.2   Approve Donations by the Company to EU    For       For        Management
      political Orgs. up to GBP 15,000 and to
      Incur EU Political Exp. up to GBP 15,000;
      and Approve Ladbrokes Ltd. to Make
      Donations to EU Political Orgs. up to GBP
      35,000 and Incur EU Political Exp. up to
      GBP 35,000
5.3   Approve Increase in Authorised Capital    For       For        Management
      from GBP 216,000,000 to GBP 226,000,000
      by the Creation of 100,000,000 Additional
      Ordinary Shares of 10 Pence Each
5.4   Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 52,700,000
5.5   Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to an Aggregate
      Nominal Amount of GBP 7,911,979 and up to
      Aggregate Nominal Amount of GBP
      52,700,000 in Connection with a Rights
      Issue
5.6   Authorise 158,239,580 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

HSBC HOLDINGS PLC

Ticker:                      Security ID:  GB0005405286
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2a    Re-elect Lord Butler as Director          For       For        Management
2b    Re-elect Baroness Lydia Dunn as Director  For       For        Management
2c    Elect Rona Fairhead as Director           For       For        Management
2d    Re-elect William Fung as Director         For       For        Management
2e    Elect Michael Geoghegan as Director       For       For        Management
2f    Re-elect Sharon Hintze as Director        For       For        Management
2g    Re-elect John Kemp-Welch as Director      For       For        Management
2h    Re-elect Sir Mark Moody-Stuart as         For       For        Management
      Director
2i    Re-elect Helmut Sohmen as Director        For       For        Management
3     Re-appoint KPMG Audit Plc as Auditors and For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
4     Approve Remuneration Report               For       For        Management
5     Authorise 1,099,900,000 Ordinary Shares   For       For        Management
      for Market Purchase
6     Auth. Issuance of Non-Cumulative Pref.    For       For        Management
      Shares with Pre-emptive Rights up to
      Aggregate Nominal Amount of GBP 100,000,
      USD 100,000 and EUR 100,000; and Auth.
      Issuance of Ord. Shares with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 1,099,900,000
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 274,975,000
8     Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 35,000
      to GBP 55,000 Per Annum


--------------------------------------------------------------------------------

ICI (IMPERIAL CHEMICAL INDUSTRIES PLC)

Ticker:       ICI            Security ID:  GB0004594973
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     To Confirm the First and Second Interim   For       For        Management
      Dividends of 2.75 and 3.50 Pence Per
      Ordinary Share
4     Re-elect John McAdam as Director          For       For        Management
5     Re-elect Lord Butler as Director          For       For        Management
6     Elect Peter Ellwood as Director           For       For        Management
7     Elect David Hamill as Director            For       For        Management
8     Elect Baroness Noakes as Director         For       For        Management
9     Reappoint KPMG Audit plc as Auditors of   For       For        Management
      the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Approve ICI Executive Share Option Plan   For       For        Management
      2004
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 208,799,624
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 59,560,019
14    Authorise 119,120,038 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

IMI PLC

Ticker:                      Security ID:  GB0004579636
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.5 Pence Per   For       For        Management
      Ordinary Share
4     Elect T Gateley as Director               For       For        Management
5     Elect W Whitney as Director               For       For        Management
6     Elect D Nicholas as Director              For       For        Management
7     Re-elect T Slack as Director              For       For        Management
8     Re-elect G Allen as Director              For       For        Management
9     Re-appoint KPMG Audit Plc as Auditors of  For       For        Management
      the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 29,330,000
12    Approve IMI Sharesave Plan                For       For        Management
A     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 4,400,000
B     Authorise 35,200,000 Ordinary Shares for  For       For        Management
      Market Purchase
C     Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

IMPERIAL TOBACCO GROUP PLC

Ticker:       ITY            Security ID:  GB0004544929
Meeting Date: FEB 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 30 Pence Per    For       For        Management
      Share
4     Reelect Sipko Huismans as Director        For       For        Management
5     Reelect Iain Napier as Director           For       For        Management
6     Elect David Cresswell as Director         For       For        Management
7     Elect Frank Rogerson as Director          For       For        Management
8     Elect Bruce Davidson as Director          For       For        Management
9     Elect David Thursfield as Director        For       For        Management
10    Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
11    Amend Articles of Association Re: Maximum For       For        Management
      Number of Directors
12.1  Authorize the Company to Make EU          For       For        Management
      Political Donations up to GBP 100,000
12.2  Authorize Imperial Tobacco Ltd. to Make   For       For        Management
      EU Political Donations up to GBP 100,000
12.3  Authorize Imperial Tobacco International  For       For        Management
      Ltd. to Make EU Political Donations up to
      GBP 100,000
12.4  Authorize Van Nelle Tabak Nederland B.V.  For       For        Management
      to Make EU Political Donations up to GBP
      100,000
12.5  Authorize John Player and Sons Ltd. to    For       For        Management
      Make EU Political Donations up to GBP
      100,000
12.6  Authorize Reemtsma Cigarettenfabriken     For       For        Management
      GmbH to Make EU Political Donations up to
      GBP 100,000
12.7  Authorize Compagnie Independante des      For       For        Management
      Tabacs S.A. to Make EU Political
      Donations up to GBP 100,000
13    Authorize the Board to Grant Options to   For       For        Management
      Employees Resident in France Under the
      Imperial Tobacco Group International
      Sharesave Plan for a Further 38 Months
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 24,300,000
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 3,645,000
16    Authorize 72,900,000 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

INTERCONTINENTAL HOTELS GROUP PLC

Ticker:                      Security ID:  GB0032612805
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Remuneration Report               For       Did Not    Management
                                                          Vote
3     Approve Final Dividend of 9.45 Pence Per  For       Did Not    Management
      IHG PLC Share                                       Vote
4a    Elect Richard Hartman as Director         For       Did Not    Management
                                                          Vote
4b    Elect Ralph Kugler as Director            For       Did Not    Management
                                                          Vote
4c    Elect Robert Larson as Director           For       Did Not    Management
                                                          Vote
4d    Elect Richard North as Director           For       Did Not    Management
                                                          Vote
4e    Elect Stevan Porter as Director           For       Did Not    Management
                                                          Vote
4f    Elect David Prosser as Director           For       Did Not    Management
                                                          Vote
4g    Elect Richard Solomons as Director        For       Did Not    Management
                                                          Vote
4h    Elect Sir Howard Stringer as Director     For       Did Not    Management
                                                          Vote
4i    Elect David Webster as Director           For       Did Not    Management
                                                          Vote
5     Re-appoint Ernst and Young LLP as         For       Did Not    Management
      Auditors of the Company                             Vote
6     Authorise Board to Fix Remuneration of    For       Did Not    Management
      the Auditors                                        Vote
7     Approve Increase in Remuneration of       For       Did Not    Management
      Non-Executive Directors from GBP 550,000            Vote
      to GBP 750,000
8     Authorise EU Political Donations up to    For       Did Not    Management
      Aggregate Nominal Amount of GBP 100,000             Vote
9     Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities with Pre-emptive           Vote
      Rights up to Aggregate Nominal Amount of
      GBP 235,529,677
10    Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 35,329,451
11    Authorise 105,917,695 Ordinary Shares for For       Did Not    Management
      Market Purchase                                     Vote


--------------------------------------------------------------------------------

INTERNATIONAL POWER PLC (FORMERLY NATIONAL POWER PLC)

Ticker:       NP             Security ID:  GB0006320161
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Elect Mark Williamson as Director         For       For        Management
3     Elect Stephen Riley as Director           For       For        Management
4     Elect Anthony Concannon as Director       For       For        Management
5     Re-elect Sir Neville Simms as Director    For       For        Management
6     Re-appoint KPMG Audit Plc Auditors and    For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
7     Approve Remuneration Report               For       For        Management
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 184,565,843
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 27,684,876.50
10    Authorise 110,739,506 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

INVENSYS PLC (FORMELRY BTR SIEBE PLC)

Ticker:                      Security ID:  GB0008070418
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3.1   Reelect Rolf Borjesson as Director        For       For        Management
3.2   Elect Jean-Claude Guez as Director        For       For        Management
3.3   Elect Adrian Hennah as Director           For       For        Management
3.4   Elect Martin Jay as Director              For       For        Management
3.5   Elect Andrew Macfarlane as Director       For       For        Management
4     Ratify Ernst and Young LLP as Auditors    For       For        Management
5     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
6     Authorize 349,000,000 Shares for Share    For       For        Management
      Repurchase Program
7     Authorize EU Political Donations up to    For       For        Management
      GBP 200,000


--------------------------------------------------------------------------------

INVENSYS PLC (FORMELRY BTR SIEBE PLC)

Ticker:                      Security ID:  GB0008070418
Meeting Date: MAY 14, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal of the Powerware         For       For        Management
      Business of Invensys plc to the Eaton
      Corporation


--------------------------------------------------------------------------------

INVENSYS PLC (FORMELRY BTR SIEBE PLC)

Ticker:                      Security ID:  GB0008070418
Meeting Date: DEC 9, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of the Metering Systems      For       For        Management
      Division of Invensys plc


--------------------------------------------------------------------------------

INVENSYS PLC (FORMELRY BTR SIEBE PLC)

Ticker:                      Security ID:  GB0008070418
Meeting Date: MAR 2, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sub-Division of Each Issued       For       For        Management
      Ordinary Share of 25 Pence Each into 1
      Ordinary Share of 1 Pence and 1 Deferred
      Share of 24 Pence; and Sub-Division of
      Each Authorised but Unissued Ordinary
      Share of 1 Pence Each into 25 Ordinary
      Shares of 1 Pence Each
2     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to GBP 21,873,630 Pursuant to
      Placing and Open Offer and Otherwise up
      to Aggregate Nominal Amount of GBP
      18,957,146
3     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to GBP 21,873,630
      Pursuant to Placing and Open Offer and
      Otherwise up to Aggregate Nominal Amount
      of GBP 2,843,572


--------------------------------------------------------------------------------

ITV PLC

Ticker:                      Security ID:  GB0033986497
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Sir Peter Burt as Director          For       For        Management
2     Elect David Chance as Director            For       For        Management
3     Elect James Crosby as Director            For       For        Management
4     Elect John McGrath as Director            For       For        Management
5     Elect Brian Pitman as Director            For       For        Management
6     Elect George Russell as Director          For       For        Management
7     Elect Etienne de Villiers as Director     For       For        Management
8     Elect Charles Allen as Director           For       For        Management
9     Elect Henry Staunton as Director          For       For        Management
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 140,000,000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 21,000,000
12    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 150,000
13    Authorize 408 Million Ordinary Shares and For       For        Management
      12 Million Convertible Shares for Market
      Purchase
14    Approve Performance Share Plan            For       For        Management


--------------------------------------------------------------------------------

J SAINSBURY PLC

Ticker:                      Security ID:  GB0007676405
Meeting Date: JUL 23, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 11.36 Pence Per For       For        Management
      Share
4     Reelect George Bull as Director           For       For        Management
5     Reelect Peter Davis as Director           For       For        Management
6     Reelect Roger Matthews as Director        For       For        Management
7     Reelect Keith Butler-Wheelhouse as        For       For        Management
      Director
8     Reelect June de Moller as Director        For       For        Management
9     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Approve Increase in Authorized Capital to For       For        Management
      GBP 700,000,000
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 161,000,000
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 24,218,000
13    Authorize 193,750,000 Shares for Share    For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

JOHNSON MATTHEY PLC

Ticker:                      Security ID:  GB0004764071
Meeting Date: JUL 16, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 17.7 Pence Per  For       For        Management
      Share
4     Elect A Thomson as Director               For       For        Management
5     Elect R Walvis as Director                For       For        Management
6     Reelect H Miles as Director               For       For        Management
7     Reelect N Carson as Director              For       For        Management
8     Reelect D Morgan as Director              For       For        Management
9     Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 72,508,907
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 10,974,555
12    Authorize 21,949,109 Shares for Share     For       For        Management
      Repurchase Program
13    Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

KELDA GROUP  (FORMERLY YORKSHIRE WATER PLC)

Ticker:                      Security ID:  GB0009877944
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 18.19 Pence Per For       For        Management
      Share
4     Reelect Derek Roberts as Director         For       For        Management
5     Elect Richard Schmidt as Director         For       For        Management
6     Elect Martin Towers as Director           For       For        Management
7     Approve Ernst and Young LLP as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
8     Authorize 39,298,331 Shares for Share     For       For        Management
      Repurchase Program
9     Approve Kelda Group Long Term Incentive   For       For        Management
      Plan 2003
10    Elect Christopher Fisher as Director      For       For        Management


--------------------------------------------------------------------------------

KESA ELECTRICALS PLC

Ticker:                      Security ID:  GB0033040113
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
3     Approve Remuneration Report               For       For        Management
4     Approve Final Dividend of 7.5 Pence Per   For       For        Management
      Ordinary Share
5     Elect David Newlands as Director          For       For        Management
6     Elect Jean-Noel Labroue as Director       For       For        Management
7     Elect Martin Reavley as Director          For       For        Management
8     Elect Peter Wilson as Director            For       For        Management
9     Elect Michel Brossard as Director         For       For        Management
10    Elect Andrew Robb as Director             For       For        Management
11    Elect Bernard Dufau as Director           For       For        Management
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 44,129,432
13    Approve the Kesa Electricals plc Share    For       For        Management
      Incentive Plan
14    Approve the Kesa Electricals plc Plan     For       For        Management
      d'Espargne de Groupe (PEG)
15    Approve the Kesa Electricals plc          For       For        Management
      Long-Term Incentive Plan
16    Authorise the Directors to Amend the      For       For        Management
      Rules of the SIP, PEG, LTIP and Any Other
      Schemes They Consider Necessary
17    Authorise the Company to Make EU          For       For        Management
      Political Donations and Incur EU
      Political Expenditure up to Aggregate
      Nominal Amount of GBP 250,000
18    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 6,619,415
19    Authorise 52,955,321 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

KIDDE PLC

Ticker:                      Security ID:  GB0000154020
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 1.81 Pence Per  For       For        Management
      Share
4     Elect Richard Gillingwater as Director    For       For        Management
5     Re-elect Michael Kirkwood as Director     For       For        Management
6     Re-elect John Poulter as Director         For       For        Management
7     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 26,960,627.90
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 4,200,000
11    Authorise 42 Million Shares for Market    For       For        Management
      Purchase
12    Amend Articles of Association Re:         For       For        Management
      Electronic Communication


--------------------------------------------------------------------------------

KINGFISHER PLC

Ticker:       KGFHY          Security ID:  GB0030738503
Meeting Date: JUL 4, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Demerger of Kingfisher Plc's      For       For        Management
      Electrical Business to Kesa Electricals
      Plc By Way of Dividend in Specie
2     Approve Capital Reorganization            For       For        Management
3     Approve Kesa Group Sharesave Scheme and   For       For        Management
      Kesa Group International Sharesave Plan
      and Authorize Directors to Modify and
      Establish Such Plans
4     Approve Kesa Group Demerger Award Plan    For       For        Management
      and Authorize Directors to Modify and
      Establish Such Plans
5     Approve Kesa Group Incentive Compensation For       For        Management
      Plan and Authorize Directors to Modify
      and Establish Such Plans
6     Approve Kesa Group Employee Benefit Trust For       For        Management
      and Authorize Directors to Modify and
      Establish Such Plans


--------------------------------------------------------------------------------

KINGFISHER PLC

Ticker:       KGFHY          Security ID:  GB0033195214
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Remuneration Report               For       Did Not    Management
                                                          Vote
3     Approve Final Dividend of 6.15 Pence Per  For       Did Not    Management
      Ordinary Share                                      Vote
4     Elect Duncan Tatton-Brown as Director     For       Did Not    Management
                                                          Vote
5     Re-elect Sir Francis Mackay as Director   For       Did Not    Management
                                                          Vote
6     Re-elect Michael Hepher as Director       For       Did Not    Management
                                                          Vote
7     Re-elect Margaret Salmon as Director      For       Did Not    Management
                                                          Vote
8     Re-appoint PricewaterhouseCoopers LLP as  For       Did Not    Management
      Auditors and Authorise Board to Fix                 Vote
      Remuneration of Auditors
9     Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities with Pre-emptive           Vote
      Rights up to Aggregate Nominal Amount of
      GBP 108,526,099
10    Approve Scrip Dividend                    For       Did Not    Management
                                                          Vote
11    Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Pre-emptive Rights up to a Nominal Value
      of 5 Percent of the Issued Share Capital
      of the Company
12    Authorise 233,210,664 Ordinary Shares for For       Did Not    Management
      Market Purchase                                     Vote


--------------------------------------------------------------------------------

LAND SECURITIES PLC

Ticker:                      Security ID:  GB0031809436
Meeting Date: JUL 17, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 26 Pence Per    For       For        Management
      Share
3     Approve Remuneration Report               For       Abstain    Management
4     Elect Mark Collins as Director            For       For        Management
5     Elect Ian Ellis as Director               For       For        Management
6     Elect Stuart Rose as Director             For       For        Management
7     Reelect Ian Henderson as Director         For       For        Management
8     Reelect Francis Salway as Director        For       For        Management
9     Reelect Andrew Macfarlane as Director     For       For        Management
10    Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
11    Approve the Land Securities Group Plc     For       For        Management
      2003 Savings-Related Share Option Scheme
12    Authorize 69,375,000 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

LEGAL & GENERAL GROUP PLC

Ticker:                      Security ID:  GB0005603997
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 3.33 Pence Per  For       For        Management
      Ordinary Share
3     Re-elect Kate Avery as Director           For       For        Management
4     Re-elect Barrie Morgans as Director       For       For        Management
5     Elect John Pollock as Director            For       For        Management
6     Re-elect David Prosser as Director        For       For        Management
7     Re-elect Ronaldo Schmitz as Director      For       For        Management
8     Elect James Strachan as Director          For       For        Management
9     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Approve Remuneration Report               For       For        Management
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 8,129,827
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 8,129,827
14    Authorise 325,193,096 Ordinary Shares for For       For        Management
      Market Purchase
15    Amend Articles of Association Re:         For       For        Management
      Authorised Share Capital
16    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 750,000
      to GBP 1,000,000
17    Amend Articles of Association Re:         For       For        Management
      Retirement of Directors by Rotation
18    Approve Legal and General Group Plc Share For       For        Management
      Bonus Plan 2004
19    Approve Legal and General Group Plc       For       For        Management
      Performance Share Plan 2004


--------------------------------------------------------------------------------

LIBERTY INTERNATIONAL PLC (FORMERLY TRANSATLANTIC HOLDI

Ticker:                      Security ID:  GB0006834344
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 13.25 Pence Per For       For        Management
      Share
3     Re-elect John Abel as Director            For       For        Management
4     Re-elect Aidan Smith as Director          For       For        Management
5     Re-elect David Bramson as Director        For       For        Management
6     Re-elect Patrick Burgess as Director      For       For        Management
7     Re-elect Michael Rapp as Director         For       Against    Management
8     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorise Board to Fix Their
      Remuneration
9     Approve Remuneration Report               For       For        Management
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 53,613,883
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 8,042,082
12    Authorise 32,168,329 Shares for Market    For       For        Management
      Repurchase


--------------------------------------------------------------------------------

LLOYDS TSB GROUP PLC (FORMERLY TSB GROUP)

Ticker:                      Security ID:  GB0008706128
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3a    Elect Peter Ayliffe as Director           For       For        Management
3b    Elect Wolfgang Berndt as Director         For       For        Management
3c    Elect Angela Knight as Director           For       For        Management
3d    Elect Helen Weir as Director              For       For        Management
4a    Re-elect Ewan Brown as Director           For       For        Management
4b    Re-elect Eric Daniels as Director         For       For        Management
4c    Re-elect David Pritchard as Director      For       For        Management
4d    Re-elect Maarten van den Bergh as         For       For        Management
      Director
5     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
6     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 334,068,329; USD 40,000,000; EUR
      40,000,000 and JPY 1,250,000,000
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 70,913,582
9     Authorise 567 Million Ordinary Shares for For       For        Management
      Market Purchase
10    Adopt New Articles of Association         For       For        Management
11    Approve Lloyds TSB Performance Share Plan For       For        Management
      and Amend Lloyds TSB Group No 2 Executive
      Share Options Scheme 1997


--------------------------------------------------------------------------------

LOGICACMG PLC(FRMLY LOGICA PLC)

Ticker:                      Security ID:  GB0005227086
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 3.4 Pence Per   For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Re-appoint Auditors and Authorise Board   For       For        Management
      to Fix Remuneration of Auditors
5     Re-elect Seamus Keating as Director       For       For        Management
6     Re-elect Angela Knight as Director        For       For        Management
7     Re-elect Martin Read as Director          For       For        Management
8     Authorise 75,001,960 Ordinary Shares for  For       For        Management
      Market Purchase
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 25,000,653
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,750,098


--------------------------------------------------------------------------------

MAN GROUP PLC  (FORMERLY ED & F MAN GROUP PLC)

Ticker:                      Security ID:  GB0002944055
Meeting Date: JUL 9, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 14.1 Pence Per  For       For        Management
      Share
4     Reelect Peter Clarke as Director          For       For        Management
5     Reelect Kevin Davis as Director           For       For        Management
6     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
7     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 10,223,379
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 1,533,506
10    Authorize 30,670,138 Ordinary Shares for  For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

MARKS & SPENCER GROUP PLC (FORMERLY MARKS & SPENCER PLC)

Ticker:                      Security ID:  GB0031274896
Meeting Date: JUL 16, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Against    Management
3     Approve Final Dividend of 6.5 Pence Per   For       For        Management
      Share
4     Elect Justin King as Director             For       For        Management
5     Elect Vittorio Radice as Director         For       For        Management
6     Reelect Roger Holmes as Director          For       For        Management
7     Reelect Jack Keenan as Director           For       For        Management
8     Reelect Laurel Power-Freeling as Director For       For        Management
9     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 189,208,626
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 28,381,293
12    Authorize 227 Million Ordinary Shares for For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

MFI FURNITURE GROUP PLC

Ticker:                      Security ID:  GB0005576813
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 2 Pence Per     For       For        Management
      Ordinary Share
3     Re-elect Martin Clifford-King as Director For       For        Management
4     Re-elect Tony De Nunzio as Director       For       For        Management
5     Re-elect Bob Wilson as Director           For       For        Management
6     Elect Shaun O'Callaghan as Director       For       For        Management
7     Approve Remuneration Report               For       Against    Management
8     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 15,428,675
10    Adopt New Articles of Association         For       For        Management
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,104,326
12    Authorise 62,086,526 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

MISYS PLC

Ticker:                      Security ID:  GB0003857850
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Against    Management
3     Approve Final Dividend of 3.55 Pence Per  For       For        Management
      Share
4     Reelect Kevin Lomax as Director           For       For        Management
5     Reelect Dominic Cadbury as Director       For       For        Management
6     Reelect George Farr as Director           For       For        Management
7     Elect Jurgen Zech as Director             For       For        Management
8     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 1,864,606
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 279,690
11    Authorize up to GBP 559,381 for Share     For       For        Management
      Repurchase Program
12    Authorize EU Political Donations up to    For       For        Management
      GBP 50,000
13    Amend Employee Share Incentive Plans      For       Against    Management


--------------------------------------------------------------------------------

MITCHELLS & BUTLERS PLC

Ticker:                      Security ID:  GB0033839910
Meeting Date: FEB 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 5.65 Pence Per  For       For        Management
      Share
4.1   Reelect Mike Bramley as Director          For       For        Management
4.2   Reelect Roger Carr as Director            For       For        Management
4.3   Reelect Tim Clarke as Director            For       For        Management
4.4   Reelect George Fairweather as Director    For       For        Management
4.5   Reelect Tony Hughes as Director           For       For        Management
4.6   Reelect Tim Lankester as Director         For       For        Management
4.7   Reelect Karim Naffah as Director          For       For        Management
4.8   Reelect Sara Weller as Director           For       For        Management
5     Approve Ernst and Young LLP as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 12,271,560
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 1,840,730
8     Authorize 51,973,920 Shares for Share     For       For        Management
      Repurchase Program
9     Authorize the Company to Make EU          For       For        Management
      Political Donations up to GBP 100,000


--------------------------------------------------------------------------------

MITCHELLS & BUTLERS PLC

Ticker:                      Security ID:  GB0032612797
Meeting Date: DEC 1, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Share Consolidation Re: 17        For       For        Management
      Existing Ordinary Shares for 12 New
      Ordinary Shares
2     Authorize 51,971,500 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

NATIONAL GRID TRANSCO PLC (FORMERLY NATIONAL GRID GROUP PLC,

Ticker:       NGG            Security ID:  GB0031223877
Meeting Date: JUL 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 10.34 Pence Per For       For        Management
      Share
3     Elect Nick Winser as Director             For       For        Management
4     Elect John Parker as Director             For       For        Management
5     Elect Steve Lucas as Director             For       For        Management
6     Elect John Wybrew as Director             For       For        Management
7     Elect Kenneth Harvey as Director          For       For        Management
8     Elect Stephen Pettit as Director          For       For        Management
9     Elect George Rose as Director             For       For        Management
10    Reelect Steve Holliday as Director        For       For        Management
11    Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
12    Approve Remuneration Report               For       Abstain    Management
13    Authorize 307,722,000 Shares for Share    For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

NEXT PLC

Ticker:                      Security ID:  GB0032089863
Meeting Date: JAN 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association Re:         For       For        Management
      Borrowing Powers


--------------------------------------------------------------------------------

NEXT PLC

Ticker:                      Security ID:  GB0032089863
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Against    Management
3     Approve Final Dividend of 24 Pence        For       For        Management
      Ordinary Share
4     Elect Nick Brookes as Director            For       For        Management
5     Re-elect David Keens as Director          For       For        Management
6     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
7     Authorise Directors to Alter the Rules of For       For        Management
      the Company's Employee Share Option
      Schemes to Permit Options Granted Over
      Treasury Shares
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities and the Sale of
      Treasury Shares without Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 1,300,000
9     Authorise 39 Million Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

NOVAR PLC (FORMERLY CARADON PLC)

Ticker:                      Security ID:  GB0001762680
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.5 Pence Per   For       For        Management
      Share
4.1   Elect Daniel Dayan as Director            For       For        Management
4.2   Elect Hans Nilsson as Director            For       For        Management
4.3   Re-elect Jurgen Hintz as Director         For       For        Management
4.4   Re-elect Stephen Howard as Director       For       For        Management
4.5   Re-elect Oliver Stocken as Director       For       For        Management
4.6   Re-elect Sir Geoffrey Whalen as Director  For       For        Management
5     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
6     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 39,505,270
7     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,985,645
8     Authorise 43,096,650 Ordinary Shares for  For       For        Management
      Market Purchase
9     Authorise 18,825,000 Preference Shares    For       For        Management
      for Market Purchase


--------------------------------------------------------------------------------

PEARSON PLC

Ticker:       PSO            Security ID:  GB0006776081
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 14.8 Pence Per  For       For        Management
      Share
3     Re-elect Dennis Stevenson as Director     For       For        Management
4     Re-elect John Makinson as Director        For       For        Management
5     Re-elect Reuben Mark as Director          For       For        Management
6     Re-elect Vernon Sankey as Director        For       For        Management
7     Approve Remuneration Report               For       For        Management
8     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 66,871,000
11    Approve Increase in Authorised Capital    For       For        Management
      from GBP 294,500,000 to GBP 295,500,000
      by the Creation of 4 Million Ordinary
      Shares of 25 Pence Each
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 10,030,000
13    Authorise 80 Million Ordinary Shares for  For       For        Management
      Market Purchase
14    Adopt New Articles of Association         For       For        Management
15    Amend Pearson plc UK Worldwide Save for   For       For        Management
      Shares Plan


--------------------------------------------------------------------------------

PENINSULAR & ORIENTAL STEAM NAVIGATION CO. (P&O)

Ticker:                      Security ID:  GB0006800485
Meeting Date: MAR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of Stake in P and O Nedlloyd For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

PENINSULAR & ORIENTAL STEAM NAVIGATION CO. (P&O)

Ticker:                      Security ID:  GB0006800485
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.0 Pence Per   For       For        Management
      Share
4     Re-elect Sir David Brown as Director      For       For        Management
5     Re-elect Sir John Collins as Director     For       For        Management
6     Elect Russ Peters as Director             For       For        Management
7     Re-elect Peter Smith as Director          For       For        Management
8     Re-appoint KPMG Audit Plc as Auditors of  For       For        Management
      the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Amend P and O 2000 Executive Stock Option For       For        Management
      Plan
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 36 Million
12    Approve P and O 2004 UK Sharesave Plan    For       For        Management
13    Approve Extension of P and O 2004 UK      For       For        Management
      Sharesave Plan to Overseas Employees
14    Authorise GBP 36 Million Deferred Stock   For       For        Management
      for Market Purchase
15    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors up to GBP 500,000


--------------------------------------------------------------------------------

PERSIMMON PLC

Ticker:                      Security ID:  GB0006825383
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 11.3 Pence Per  For       For        Management
      Ordinary Share
3     Re-elect John White as Director           For       For        Management
4     Re-elect Michael Farley as Director       For       For        Management
5     Re-elect David Bryant as Director         For       For        Management
6     Re-elect Sir Chips Keswick as Director    For       For        Management
7     Elect Neil Davidson as Director           For       For        Management
8     Reappoint KPMG Audit Plc as Auditors and  For       For        Management
      Authorise Board to Fix Their Remuneration
9     Approve Remuneration Report               For       For        Management
10    Authorise 28,386,136 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

PILKINGTON PLC

Ticker:                      Security ID:  GB0006884620
Meeting Date: JUL 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 3.25 Pence Per  For       For        Management
      Share
4     Reelect Nigel Rudd as Director            For       For        Management
5     Reelect William Harrison as Director      For       For        Management
6     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 31,505,512
8     Authorize 126,022,050 Shares for Share    For       For        Management
      Repurchase Program
9     Approve Scrip Dividend Program            For       For        Management
10    Amend Articles of Association Re:         For       For        Management
      Technical Amendment


--------------------------------------------------------------------------------

PREMIER FARNELL PLC

Ticker:       PFP            Security ID:  GB0003318416
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 5 Pence Per     For       For        Management
      Ordinary Share
4     Re-elect Andrew Fisher as Director        For       For        Management
5     Elect Laurence Bain as Director           For       For        Management
6     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,048,532
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 907,370
10    Authorise 36,294,823 Ordinary Shares for  For       For        Management
      Market Purchase
11    Authorise 7,575,221 Cumulative            For       For        Management
      Convertible Redeemable Preference Shares
      of GBP 1 Each for Market Purchase
12    Adopt New Articles of Association         For       For        Management
13    Approve the Premier Farnell plc UK        For       For        Management
      Savings Related Share Option Plan


--------------------------------------------------------------------------------

PROVIDENT FINANCIAL PLC

Ticker:                      Security ID:  GB0002685963
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 19.9 Pence Per  For       For        Management
      Share
4     Elect Ray Miles as Director               For       For        Management
5     Elect Graham Pimlott as Director          For       For        Management
6     Re-elect Chris Johnstone as Director      For       For        Management
7     Re-elect John Maxwell as Director         For       For        Management
8     Re-elect David Swann as Director          For       For        Management
9     Re-elect Charles Gregson as Director      For       For        Management
10    Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
11    Authorise 25,480,000 Ordinary Shares for  For       For        Management
      Market Purchase
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,320,348
13    Authorise EU Political Donations and EU   For       For        Management
      Political Expenditure up to Aggregate
      Nominal Amount of GBP 50,000
14    Approve Increase in Aggregate             For       For        Management
      Remuneration of Non-Executive Directors
      from GBP 250,000 to GBP 300,000


--------------------------------------------------------------------------------

PRUDENTIAL PLC (FRM.PRUDENTIAL CORPORATION PLC )

Ticker:       PUK            Security ID:  GB0007099541
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Re-elect Jonathan Bloomer as Director     For       For        Management
4     Re-elect Philip Broadley as Director      For       For        Management
5     Re-elect Rob Rowley as Director           For       For        Management
6     Elect Kathleen O'Donovan as Director      For       For        Management
7     Elect Bridget Macaskill as Director       For       For        Management
8     Elect Mark Norbom as Director             For       For        Management
9     Re-appoint KPMG Audit Plc as Auditors and For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
10    Authorise the Company to Make EU          For       For        Management
      Political Donations up to Aggregate
      Nominal Amount of GBP 50,000
11    Authorise Egg plc to Make EU Political    For       For        Management
      Donations up to Aggregate Nominal Amount
      of GBP 25,000
12    Approve Increase in Authorised Capital    For       For        Management
      from GBP 150 Million to GBP 170 Million
      and USD 20 Million and EUR 20 Million; by
      the Creation of 2 Billion Sterling
      Preference Shares, 2 Billion Dollar
      Preference Shares and 2 Billion Euro
      Preference Shares
13    Authorise Issuance of Sterling Preference For       For        Management
      Shares with Pre-emptive Rights up to GBP
      20 Million; Dollar Preference Shares with
      Pre-emptive Rights up to USD 20 Million;
      and Euro Preference Shares with
      Pre-emptive Rights up to EUR 20 Million
14    Authorise Issuance of Ordinary Shares     For       For        Management
      with Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 33,480,000
15    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,000,000
16    Authorise 200 Million Ordinary Shares for For       For        Management
      Market Purchase
17    Amend Articles of Association Re:         For       For        Management
      Preference Shares and Final Dividend


--------------------------------------------------------------------------------

RANK GROUP PLC

Ticker:       RANKY          Security ID:  GB0007240764
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.3 Pence Per   For       For        Management
      Ordinary Share
4     Re-elect Peter Jarvis as Director         For       For        Management
5     Re-elect Alun Cathcart as Director        For       For        Management
6     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 21,960,000
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,980,850
10    Authorise 89,442,000 Ordinary Shares for  For       For        Management
      Market Purchase
11    Approve Scrip Dividend                    For       For        Management


--------------------------------------------------------------------------------

RECKITT BENCKISER PLC (FORMERLY RECKITT & COLMAN PLC )

Ticker:                      Security ID:  GB0007278715
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 14 Pence Per    For       For        Management
      Ordinary Share
4     Re-elect George Greener as Director       For       For        Management
5     Re-elect Peter White as Director          For       For        Management
6     Re-elect Colin Day as Director            For       For        Management
7     Elect Judith Sprieser as Director         For       For        Management
8     Elect Kenneth Hydon as Director           For       For        Management
9     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 24,842,000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,726,000
12    Authorise 70,800,000 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

REED ELSEVIER PLC(FORMERLY REED INTERNATIONAL PLC)

Ticker:       RUK            Security ID:  GB0007308355
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1b    Approve Remuneration Report               For       For        Management
2     Approve Final Dividend of 8.7 Pence Per   For       For        Management
      Ordinary Share
3a    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
3b    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
4a    Re-elect Gerard van de Aast as Director   For       For        Management
4b    Re-elect Morris Tabaksblat as Director    For       For        Management
4c    Re-elect Rolf Stomberg as Director        For       For        Management
4d    Re-elect Lord Sharman Of Redlynch as      For       For        Management
      Director
5     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 25,000,000
6     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 7,900,000
7     Authorise 127 Million Shares for Market   For       For        Management
      Purchase


--------------------------------------------------------------------------------

RENTOKIL INITIAL PLC(FORMERLY RENTOKIL GROUP PLC )

Ticker:                      Security ID:  GB0007327124
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 4.35 Pence Per  For       For        Management
      Ordinary Share
4.1   Re-elect Edward Brown as Director         For       For        Management
4.2   Re-elect Ronald Spinney as Director       For       For        Management
4.3   Re-elect James Wilde as Director          For       For        Management
5     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
6     Authorise 235,420,780 Ordinary Shares for For       For        Management
      Market Purchase
7     Other Business (Non-Voting)               None      Against    Management


--------------------------------------------------------------------------------

REUTERS GROUP PLC (FORMERLY REUTERS HOLDINGS PLC)

Ticker:                      Security ID:  GB0002369139
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 6.15 Pence Per  For       For        Management
      Share
4     Re-elect Tom Glocer as Director           For       For        Management
5     Re-elect David Grigson as Director        For       For        Management
6     Re-elect Sir Christopher Hogg as Director For       For        Management
7     Re-elect Ian Strachan as Director         For       For        Management
8     Re-elect Charles Sinclair as Director     For       For        Management
9     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Approve Increase in Remuneration for Each For       For        Management
      of the Non-Executive Directors from GBP
      35,000 to GBP 50,000 Per Annum
12    Amend Long-Term Incentive Plan            For       For        Management
13    Approve Restricted Share Plan             For       For        Management
14    Approve Additional Restricted Share Plans For       For        Management
15    Approve Annual Bonus Profit Sharing Plan  For       For        Management
16    Approve Additional Bonus Profit Sharing   For       For        Management
      Plans
17    Authorise 143,254,000 Ordinary Shares for For       For        Management
      Market Purchase
18    Adopt New Articles of Association         For       For        Management
19    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 107,400,000
20    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 17,000,000


--------------------------------------------------------------------------------

REXAM PLC (FORMERLY BOWATER)

Ticker:       REXMY          Security ID:  GB0004250451
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.58 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect Stefan Angwald as Director       For       For        Management
5     Re-elect Carl Symon as Director           For       For        Management
6     Re-elect Michael Buzzacott as Director    For       For        Management
7     Re-elect Yves Dominioni as Director       For       For        Management
8     Re-elect David Tucker as Director         For       For        Management
9     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 140,500,000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 17,600,000
12    Authorise 54,800,000 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

RIO TINTO PLC (FORMERLY RTZ CORP. PLC)

Ticker:                      Security ID:  GB0007188757
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 34,470,000
2     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 6,890,000
3     Authorise 106.7 Million Rio Tinto plc     For       For        Management
      Shares for Market Purchase
4     Approve the Mining Companies Comparative  For       For        Management
      Plan 2004 and the Rio Tinto Share Option
      Plan 2004
5     Elect Sir John Kerr as Director           For       For        Management
6     Re-elect Leigh Clifford as Director       For       For        Management
7     Re-elect Guy Elliott as Director          For       For        Management
8     Re-elect Sir Richard Sykes as Director    For       For        Management
9     Re-elect Sir Richard Giordano as Director For       For        Management
10    Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise Board to Fix Their
      Remuneration
11    Approve Remuneration Report               For       For        Management
12    Accept Financial Statements and Statutory For       Abstain    Management
      Reports


--------------------------------------------------------------------------------

RMC GROUP PLC

Ticker:                      Security ID:  GB0007266413
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 21.8 Pence Per  For       For        Management
      Ordinary Share
3     Elect David Munro as Director             For       For        Management
4     Re-elect Bill Alexander as Director       For       For        Management
5     Re-elect Alastair Robinson as Director    For       For        Management
6     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
7     Approve Remuneration Report               For       For        Management
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 22,177,997
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,327,032
10    Authorise 26,537,390 Ordinary Shares for  For       For        Management
      Market Purchase
11    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 50,000


--------------------------------------------------------------------------------

ROLLS-ROYCE GROUP PLC ( FORMERLY ROLLS-ROYCE PLC)

Ticker:       RYCEY          Security ID:  GB0032836487
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Re-elect Euan Baird as Director           For       For        Management
4     Elect Amy Bondurant as Director           For       For        Management
5     Re-elect Peter Byrom as Director          For       For        Management
6     Re-elect John Cheffins as Director        For       For        Management
7     Elect Carl-Peter Forster as Director      For       For        Management
8     Re-elect Colin Green as Director          For       For        Management
9     Re-elect James Guyette as Director        For       For        Management
10    Re-elect Michael Howse as Director        For       For        Management
11    Re-elect Lord Moore of Lower Marsh as     For       For        Management
      Director
12    Re-elect Sir Robin Nicholson as Director  For       For        Management
13    Re-elect Sir John Rose as Director        For       For        Management
14    Re-elect Andrew Shilston as Director      For       For        Management
15    Elect Ian Strachan as Director            For       For        Management
16    Re-elect Carl Symon as Director           For       For        Management
17    Re-elect Sir John Weston as Director      For       For        Management
18    Re-appoint KPMG Audit Plc as Auditors and For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
19    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 111,843,332
20    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 16,776,499
21    Authorise 167,764,998 Shares for Market   For       For        Management
      Purchase
22    Amend Articles of Association Re: Removal For       For        Management
      of Restrictions on the Company's
      Borrowing Power
23    Approve Rolls-Royce Group plc Performance For       For        Management
      Share Plan
24    Approve Increase in Authorised Capital    For       For        Management
      from GBP 500,050,000.60 to GBP
      1,500,050,000.60; Approve Issue of B
      Shares; and Amend Articles Re: B Shares
25    Approve Final Dividend of 5 Pence Per     For       For        Management
      Share If Resolution 24 is Not Passed
26    Approve Scrip Dividend If Resolution 24   For       For        Management
      is Not Passed


--------------------------------------------------------------------------------

ROYAL & SUN ALLIANCE INSURANCE GROUP(FORMERLY SUN ALLIANCE GROU

Ticker:                      Security ID:  GB0006616899
Meeting Date: SEP 22, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital to For       For        Management
      GBP 1,379,000,000
2     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 396,000,000 Pursuant to Rights Issue
      and Otherwise up to GBP 132,003,857


--------------------------------------------------------------------------------

ROYAL & SUN ALLIANCE INSURANCE GROUP(FORMERLY SUN ALLIANCE GROU

Ticker:                      Security ID:  GB0006616899
Meeting Date: MAY 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 2.9 Pence Per   For       For        Management
      Ordinary Share
3     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
4     Elect Edward Lea as Director              For       For        Management
5     Elect John Maxwell as Director            For       For        Management
6     Elect Noel Harwerth as Director           For       For        Management
7     Elect Malcolm Le May as Director          For       For        Management
8     Elect George Culmer as Director           For       For        Management
9     Approve Remuneration Report               For       For        Management
10    Approve the Royal Sun and Alliance        For       For        Management
      Insurance Group Plc Share Matching Plan
11    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 100,000
      and Incur EU Political Expenditure up to
      Aggregate Nominal Amount of GBP 100,000
12    Amend Articles of Association Re:         For       For        Management
      Electronic Communication
13    Authorise Directors to Establish a Scrip  For       For        Management
      Dividend Scheme
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 439,023,157
15    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 39,603,474
16    Authorise 288,025,262 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

ROYAL BANK OF SCOTLAND GROUP PLC

Ticker:       RBS            Security ID:  GB0007547838
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 35.7 Pence Per  For       For        Management
      Share
4     Re-elect Emilio Botin as Director         For       For        Management
5     Re-elect Lawrence Fish as Director        For       For        Management
6     Re-elect Sir Angus Grossart as Director   For       For        Management
7     Re-elect Sir George Mathewson as Director For       For        Management
8     Re-elect Gordon Pell as Director          For       For        Management
9     Re-elect Iain Robertson as Director       For       For        Management
10    Re-elect Sir Iain Vallance as Director    For       For        Management
11    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
12    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 247,120,127
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 37,068,019
15    Authorise 296,544,152 Ordinary Shares for For       For        Management
      Market Purchase
16    Approve Increase in Authorised Capital by For       For        Management
      Creation of 110 Million Category II
      Non-cumulative Dollar Preference Shares;
      Issue Equity with Pre-emptive Rights up
      to All the Existing Preference Shares
17    Amend Articles Re: Preference Shares      For       For        Management


--------------------------------------------------------------------------------

SABMILLER PLC (FORMERLY SOUTH AFRICAN BREWERIES LTD.)

Ticker:       SBWRY          Security ID:  GB0004835483
Meeting Date: JUL 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Remuneration Report               For       Did Not    Management
                                                          Vote
3     Elect Geoffrey Bible as Director          For       Did Not    Management
                                                          Vote
4     Elect Louis Camilleri as Director         For       Did Not    Management
                                                          Vote
5     Elect Nancy De Lisi as Director           For       Did Not    Management
                                                          Vote
6     Reelect Robert Fellowes as Director       For       Did Not    Management
                                                          Vote
7     Reelect Robin Renwick as Director         For       Did Not    Management
                                                          Vote
8     Approve Final Dividend of US Cents 18.5   For       Did Not    Management
      Per Share                                           Vote
9     Approve PricewaterhouseCoopers LLP as     For       Did Not    Management
      Auditors and Authorize Board to Fix Their           Vote
      Remuneration
10    Authorize Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities with Preemptive            Vote
      Rights up to Aggregate Nominal Amount of
      USD 33,293,420
11    Authorize Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Preemptive Rights up to Aggregate Nominal
      Amount of USD 4,994,013
12    Authorize 99,880,261 Shares for Share     For       Did Not    Management
      Repurchase Program                                  Vote
13    Authorize up to 116 Million Ordinary      For       Did Not    Management
      Shares for Share Repurchase Program in              Vote
      Conjunction with Contingent Purchase
      Contract between the Company and
      SABMiller Finance B.V.
14    Adopt New Articles of Association         For       Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

SAFEWAY PLC(FORMERLY ARGYLL GROUP)

Ticker:                      Security ID:  GB0000492412
Meeting Date: JUL 8, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 6.61 Pence Per  For       For        Management
      Ordinary Share
4     Reelect Lawrence Christensen as Director  For       For        Management
5     Reelect Richard Williams as Director      For       For        Management
6     Reelect Peter Foy as Director             For       For        Management
7     Elect Sharon Hintze as Director           For       For        Management
8     Elect Peter Smith as Director             For       For        Management
9     Ratify KPMG Audit Plc as Auditors         For       For        Management
10    Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
11    Authorize Ten Percent of the Issued       For       For        Management
      Ordinary Share Capital for Share
      Repurchase Program
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 100.5 Million
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 13.2 Million


--------------------------------------------------------------------------------

SAFEWAY PLC(FORMERLY ARGYLL GROUP)

Ticker:                      Security ID:  GB0000492412
Meeting Date: FEB 11, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement             For       For        Management


--------------------------------------------------------------------------------

SAFEWAY PLC(FORMERLY ARGYLL GROUP)

Ticker:                      Security ID:  GB0000492412
Meeting Date: FEB 11, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement; Approve    For       For        Management
      Share Capital Reorganisation, Share
      Capital Reduction and Restoration and
      Allotment of Relevant Securities to
      Morrisons; and Amend Articles


--------------------------------------------------------------------------------

SAGE GROUP PLC (THE)

Ticker:                      Security ID:  GB0008021650
Meeting Date: MAR 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 1.095 Pence Per For       For        Management
      Share
3     Re-elect Michael Jackson as Director      For       For        Management
4     Re-elect Paul Walker as Director          For       For        Management
5     Re-elect Paul Harrison as Director        For       For        Management
6     Re-elect Paul Stobart as Director         For       For        Management
7     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorise Board to Fix Their
      Remuneration
8     Approve Remuneration Report               For       For        Management
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 4,263,861
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 639,579


--------------------------------------------------------------------------------

SCHRODERS PLC

Ticker:                      Security ID:  GB0002405495
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 13 Pence Per    For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Elect Merlyn Lowther as Director          For       For        Management
5     Re-elect George Mallinckrodt as Director  For       For        Management
6     Re-elect Bruno Schroder as Director       For       For        Management
7     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 500,000
      to GBP 1,000,000
10    Authorise 14,750,000 Non-Voting Ordinary  For       For        Management
      Shares for Market Purchase
11    Amend Articles of Association Re:         For       For        Management
      Treasury Shares, The Uncertificated
      Securities Regulations 2001 and
      Retirement of Directors by Rotation
12    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 50,000
13    Authorise EU Political Donations by       For       For        Management
      Schroder Investment Management Ltd up to
      Aggregate Nominal Amount of GBP 50,000
14    Authorise EU Political Donations by       For       For        Management
      Schroder Investment Management
      (Luxembourg) S.A. up to Aggregate Nominal
      Amount of GBP 50,000


--------------------------------------------------------------------------------

SCOTTISH & NEWCASTLE PLC

Ticker:                      Security ID:  GB0007839698
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Remuneration Report               For       Did Not    Management
                                                          Vote
3     Approve Final Dividend of 13.41 Pence Per For       Did Not    Management
      Share                                               Vote
4     Re-elect Iain Anderson as Director        For       Did Not    Management
                                                          Vote
5     Re-elect Erik Hartwall as Director        For       Did Not    Management
                                                          Vote
6     Re-elect Neville Isdell as Director       For       Did Not    Management
                                                          Vote
7     Re-elect Ian McAllister as Director       For       Did Not    Management
                                                          Vote
8     Re-elect Ian McHoul as Director           For       Did Not    Management
                                                          Vote
9     Re-appoint Ernst and Young LLP as         For       Did Not    Management
      Auditors of the Company                             Vote
10    Authorise Board to Fix Remuneration of    For       Did Not    Management
      the Auditors                                        Vote
11    Approve Increase in Remuneration of       For       Did Not    Management
      Non-Executive Directors from GBP 280,000            Vote
      to GBP 310,000
12    Adopt New Articles of Association         For       Did Not    Management
                                                          Vote
13    Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities with Pre-emptive           Vote
      Rights up to Aggregate Nominal Amount of
      GBP 34 Million
14    Authorise Issuance of Equity or           For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 8,900,000
15    Authorise 89 Million Ordinary Shares for  For       Did Not    Management
      Market Purchase                                     Vote
16    Approve Scottish and Newcastle            For       Did Not    Management
      Performance Share Plan                              Vote


--------------------------------------------------------------------------------

SCOTTISH & NEWCASTLE PLC

Ticker:                      Security ID:  GB0007839698
Meeting Date: OCT 29, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of S and N Retail to Spirit  For       For        Management
      Amder Bidco Ltd.


--------------------------------------------------------------------------------

SCOTTISH & NEWCASTLE PLC

Ticker:                      Security ID:  GB0007839698
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 20 Pence Per    For       For        Management
      Share
4     Reelect Henry Fairweather as Director     For       For        Management
5     Reelect Angus Grossart as Director        For       For        Management
6     Reelect John Nicolson as Director         For       For        Management
7     Reelect Brian Stewart as Director         For       For        Management
8     Reelect John Dunsmore as Director         For       For        Management
9     Reelect Tony Froggatt as Director         For       For        Management
10    Ratify Ernst and Young LLP as Auditors    For       For        Management
11    Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 34,000,000
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 8,700,000
14    Authorize 87,000,000 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

SCOTTISH & SOUTHERN ENERGY PLC (FRM.HYDRO ELECTRIC POWER PLC

Ticker:       SCTZ40         Security ID:  GB0007908733
Meeting Date: JUL 24, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 24.5 Pence Per  For       For        Management
      Ordinary Share
4     Elect Gregor Alexander as Director        For       For        Management
5     Elect Rene Medori as Director             For       For        Management
6     Elect Susan Rice as Director              For       For        Management
7     Elect Robert Smith as Director            For       For        Management
8     Reelect Colin Hood as Director            For       For        Management
9     Reelect David Payne as Director           For       For        Management
10    Reelect David Sigsworth as Director       For       For        Management
11    Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
12    Approve Increase in Remuneration of       For       For        Management
      Nonexecutive Directors to GBP 400,000
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 21,452,330
14    Authorize 85,809,319 Ordinary Shares for  For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

SCOTTISH POWER PLC

Ticker:       SPI            Security ID:  GB0006900707
Meeting Date: JUL 25, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Elect Nick Rose as Director               For       For        Management
4     Elect Donald Brydon as Director           For       For        Management
5     Reelect Charles Smith as Director         For       For        Management
6     Reelect David Nish as Director            For       For        Management
7     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
8     Authorize EU Political Donations up to    For       For        Management
      GBP 100,000
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 46,403,949
10    Authorize 185,615,798 Shares for Share    For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

SECURICOR PLC (FORMERLY SECURICOR GROUP PLC)

Ticker:                      Security ID:  GB0032739848
Meeting Date: JUN 28, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement between the For       For        Management
      Company and Holders of Securicor Scheme
      Shares; and the Merger Agreement between
      the Company and Group 4 Falck A/S
2     Approve the Group 4 Securicor Performance For       For        Management
      Share Plan
3     Approve the Group 4 Securicor Share       For       For        Management
      Incentive Plan


--------------------------------------------------------------------------------

SECURICOR PLC (FORMERLY SECURICOR GROUP PLC)

Ticker:                      Security ID:  GB0032739848
Meeting Date: JUN 28, 2004   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement             For       For        Management


--------------------------------------------------------------------------------

SECURICOR PLC (FORMERLY SECURICOR GROUP PLC)

Ticker:                      Security ID:  GB0032739848
Meeting Date: MAR 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Confirm Payment of the Interim Dividend   For       For        Management
      and Approve Final Dividend of 1.62 Pence
      Per Share
3.1   Re-elect Jonathan Kitchen as Director     For       For        Management
3.2   Re-elect Nigel Griffiths as Director      For       For        Management
4     Elect Lord Sharman as Director            For       For        Management
5     Approve Baker Tilly as Auditors and       For       For        Management
      Authorise Board to Fix Their Remuneration
6     Approve Remuneration Report               For       For        Management
7     Authorise 53,153,500 Shares for Market    For       For        Management
      Repurchase


--------------------------------------------------------------------------------

SERCO GROUP PLC

Ticker:                      Security ID:  GB0007973794
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 1.62 Pence Per  For       For        Management
      Share
4     Re-elect Kevin Beeston as Director        For       For        Management
5     Re-elect Ralph Hodge as Director          For       For        Management
6     Elect David Richardson as Director        For       For        Management
7     Elect Margaret Ford as Director           For       For        Management
8     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,870,902
10    Authorise the Company to Grant EU         For       For        Management
      Political Donations up to Aggregate
      Nominal Amount of GBP 50,000
11    Authorise Serco Limited, a Wholly-owned   For       For        Management
      Subsidiary of the Company, to Grant EU
      Political Donations up to Aggregate
      Nominal Amount of GBP 50,000
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 434,985
13    Authorise 43,488,084 Ordinary Shares for  For       For        Management
      Market Purchase
14    Adopt New Articles of Association         For       For        Management


--------------------------------------------------------------------------------

SEVERN TRENT  PLC

Ticker:                      Security ID:  GB0000546324
Meeting Date: JUL 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 28.56 Pence Per For       For        Management
      Ordinary Share
3     Reelect David Arculus as Director         For       For        Management
4     Reelect Robert Walker as Director         For       For        Management
5     Reelect Eric Anstee as Director           For       For        Management
6     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
7     Authorize the Company to Make EU          For       For        Management
      Political Donations up to GBP 50,000
8     Authorize Severn Trent Water Limited to   For       For        Management
      Make EU Political Donations up to GBP
      50,000
9     Authorize Biffa Waste Services Limited to For       For        Management
      Make EU Political Donations up to GBP
      25,000
10    Authorize Biffa Waste Services SA to Make For       For        Management
      EU Political Donations up to GBP 25,000
11    Authorize Severn Trent Services Limited   For       For        Management
      to Make EU Political Donations up to GBP
      25,000
12    Approve Remuneration Report               For       Abstain    Management
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 11,224,491
14    Authorize 34,397,636 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

SHELL TRANSPORT AND TRADING COMPANY PLC (THE)

Ticker:       SC             Security ID:  GB0008034141
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Malcolm Brinded as Director         For       For        Management
4     Re-elect Eileen Buttle as Director        For       For        Management
5     Re-elect Luis Giusti as Director          For       For        Management
6     Re-elect Nina Henderson as Director       For       For        Management
7     Re-elect Lord Oxburgh as Director         For       For        Management
8     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Authorise 483 Million Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

SIGNET GROUP PLC (FORMERLY RATNERS)

Ticker:                      Security ID:  GB0000403740
Meeting Date: JUL 8, 2003    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 1.8 Pence Per   For       For        Management
      Share
4     Elect Russell Walls as Director           For       For        Management
5     Reelect Lee Abraham as Director           For       For        Management
6     Reelect Brook Land as Director            For       For        Management
7     Reelect James McAdam as Director          For       For        Management
8     Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,856,670
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 428,501
11    Authorize 171,400,228 Shares for Share    For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

SIGNET GROUP PLC (FORMERLY RATNERS)

Ticker:                      Security ID:  GB0000403740
Meeting Date: JUL 8, 2003    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve 2003 International Share Option   For       For        Management
      Plan, 2003 UK Inland Revenue Approved
      Share Option Plan and 2003 US Share
      Option Plan


--------------------------------------------------------------------------------

SIGNET GROUP PLC (FORMERLY RATNERS)

Ticker:                      Security ID:  GB0000403740
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 2.16 Pence Per  For       For        Management
      Ordinary Share
4     Elect Dale Hilpert as Director            For       For        Management
5     Re-elect Robert Blanchard as Director     For       For        Management
6     Re-elect Walker Boyd as Director          For       For        Management
7     Re-elect James McAdam as Director         For       For        Management
8     Re-appoint KPMG Audit Plc as Auditors and For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,877,342
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 431,601
11    Authorise 172,640,523 Ordinary Shares for For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

SLOUGH ESTATES

Ticker:                      Security ID:  GB0008141045
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 9.2 Pence Per   For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       Against    Management
4a    Elect Andrew Palmer as Director           For       For        Management
4b    Elect Christopher Peacock as Director     For       For        Management
4c    Re-elect Lord Blackwell as Director       For       For        Management
4d    Re-elect Lord MacGregor of Pulham Market  For       For        Management
      as Director
4e    Re-elect Nigel Mobbs as Director          For       For        Management
5     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
6     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
7     Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 20,000
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,222,170; and
      Amend the Articles of Association
      Accordingly
9     Authorise up to Ten Percent of the Issued For       For        Management
      Ordinary Share Capital for Market
      Purchase
10    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 250,000
      to GBP 500,000


--------------------------------------------------------------------------------

SMITH & NEPHEW PLC

Ticker:       SNN            Security ID:  GB0009223206
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 3.1 Pence Per   For       For        Management
      Share
3     Re-elect Warren Knowlton as Director      For       For        Management
4     Re-elect Christopher O'Donnell as         For       For        Management
      Director
5     Re-elect Richard De Schutter as Director  For       For        Management
6     Re-elect Rolf Stomberg as Director        For       For        Management
7     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 33,321,078
9     Approve Remuneration Report               For       For        Management
10    Approve the Smith and Nephew 2004         For       For        Management
      Performance Share Plan
11    Approve the Smith and Nephew 2004         For       For        Management
      Executive Share Option Plan
12    Approve the Smith and Nephew 2004         For       For        Management
      Co-investment Plan
13    Authorise the Directors to Establish      For       For        Management
      Overseas Share Schemes
14    Authorise the Directors to Establish the  For       For        Management
      New Discretionary Trust
15    Amend the Smith and Nephew 2001 UK        For       For        Management
      Approved Share Option Plan
16    Amend the Smith and Nephew 2001 UK        For       For        Management
      Unapproved Share Option Plan
17    Approve Reclassification of the One       For       For        Management
      Issued 'B' Ordinary Share of 12 2/9 Pence
      as an Ordinary Share Having the Same
      Rights and Subject to the Same
      Restrictions as Existing Ordinary Shares
18    Authorise 93,486,408 Shares for Market    For       For        Management
      Purchase
19    Adopt New Articles of Association         For       For        Management
20    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,713,057
21    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors to GBP 900,000
      Per Year


--------------------------------------------------------------------------------

SMITHS GROUP PLC (FORMERLY SMITHS INDUSTRIES PLC)

Ticker:                      Security ID:  GB0008182700
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 17.25 Pence Per For       For        Management
      Share
4     Reelect K Butler-Wheelhouse as Director   For       For        Management
5     Reelect J Ferrie as Director              For       For        Management
6     Reelect J Horn-Smith as Director          For       For        Management
7     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
8     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 46,629,434
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 6,994,415
11    Authorize 55,955,321 Shares for Share     For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

SSL INTERNATIONAL PLC (FRM.SETON HEALTHCARE PLC)

Ticker:                      Security ID:  GB0007981128
Meeting Date: JUN 16, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Disposal of Biogel Surgical       For       For        Management
      Gloves and Hibi Medical Antiseptics
      Business


--------------------------------------------------------------------------------

SSL INTERNATIONAL PLC (FRM.SETON HEALTHCARE PLC)

Ticker:                      Security ID:  GB0007981128
Meeting Date: JUL 15, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 8.4 Pence Per   For       For        Management
      Ordinary Share
4     Reelect Brian Buchan as Director          For       For        Management
5     Reelect Bernd Beetz as Director           For       For        Management
6     Approve KPMG Audit Plc as Auditors and    For       For        Management
      Authorize Board to Fix Their Remuneration
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,000,000
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 946,564
9     Authorize 18,931,295 Ordinary Shares for  For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

STAGECOACH GROUP PLC

Ticker:       STA            Security ID:  GB0004146675
Meeting Date: AUG 29, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 1.8 Pence Per   For       For        Management
      Share
4i    Reelect Martin Griffiths as Director      For       For        Management
4ii   Reelect Ann Gloag as Director             For       For        Management
4iii  Reelect Russell Walls as Director         For       For        Management
5     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,203,969
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 330,595
8     Authorize Ten Percent of Issued Equity    For       For        Management
      Share Capital for Share Repurchase
      Program
9     Approve Cancellation of GBP 200,000,000   For       For        Management
      from Share Premium Account


--------------------------------------------------------------------------------

TATE & LYLE PLC

Ticker:       TATYY          Security ID:  GB0008754136
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Approve Final Dividend of 12.8 Pence Per  For       For        Management
      Share
4     Elect Iain Ferguson as Director           For       For        Management
5     Elect Stanley Musesengwa as Director      For       For        Management
6     Reelect Carole Piwnica as Director        For       For        Management
7     Reelect Stuart Strathdee as Director      For       For        Management
8     Reelect Allen Yurko as Director           For       For        Management
9     Reelect Keith Hopkins as Director         For       For        Management
10    Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
11    Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
12    Approve Tate and Lyle 2003 Performance    For       For        Management
      Share Plan
13    Authorize up to Ten Percent of Issued     For       For        Management
      Share Capital for Share Repurchase
      Program
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 40,177,815
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 6,026,672


--------------------------------------------------------------------------------

TAYLOR WOODROW PLC

Ticker:                      Security ID:  GB0008782301
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 6.5 Pence Per   For       For        Management
      Share
3     Approve Remuneration Report               For       For        Management
4     Elect Norman Askew as Director            For       For        Management
5     Elect Michael Davis as Director           For       For        Management
6     Elect Graeme McCallum as Director         For       For        Management
7     Elect Vernon Sankey as Director           For       For        Management
8     Re-elect Lady Robin Innes Ker as Director For       For        Management
9     Re-elect Denis Mac Daid as Director       For       For        Management
10    Reappoint Deloitte and Touche LLP         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
11    Approve Taylor Woodrow 2004               For       For        Management
      Savings-Related Share Option Plan
12    Approve Taylor Woodrow 2004 Share         For       For        Management
      Incentive Plan
13    Approve Taylor Woodrow 2004 Performance   For       For        Management
      Share Plan
14    Approve Taylor Woodrow 2004 Deferred      For       For        Management
      Bonus Plan
15    Approve Taylor Woodrow 2004 Employee      For       For        Management
      Benefit Trust
16    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 300,000
      to GBP 600,000
17    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 48,783,941
18    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 7,310,802
19    Authorise 58,486,423 Shares for Market    For       For        Management
      Purchase


--------------------------------------------------------------------------------

TAYLOR WOODROW PLC

Ticker:                      Security ID:  GB0008782301
Meeting Date: SEP 24, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Wilson Connolly    For       For        Management
      Holdings Plc; Authorize Issuance of
      Equity or Equity-Linked Securities with
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 10,000,000 Pursuant to the
      Offer and in Addition up to GBP
      48,487,092
2     Approve Increase in Authorized Capital to For       For        Management
      GBP 205,000,000 by the Creation of
      40,000,000 Preference Shares and
      Authorize Issuance of Equity or
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 10,000,000
3     Amend Articles of Association Re:         For       For        Management
      Dividend Payment and Capital Structure


--------------------------------------------------------------------------------

TESCO PLC

Ticker:                      Security ID:  GB0008847096
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 4.77 Pence Per  For       For        Management
      Ordinary Share
4     Amend Articles of Association Re:         For       For        Management
      Director's Retirement Age
5     Re-elect Charles Allen as Director        For       For        Management
6     Re-elect Philip Clarke as Director        For       For        Management
7     Re-elect Harald Einsmann as Director      For       For        Management
8     Re-elect Veronique Morali as Director     For       For        Management
9     Re-elect Graham Pimlott as Director       For       For        Management
10    Elect Richard Brasher as Director         For       For        Management
11    Elect Ken Hydon as Director               For       For        Management
12    Elect Mervyn Davies as Director           For       For        Management
13    Elect David Reid as Director              For       For        Management
14    Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
15    Approve Increase in Authorised Share      For       For        Management
      Capital from GBP 481,600,000 to GBP
      530,000,000
16    Approve Scrip Dividend                    For       For        Management
17    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 128.07 Million
18    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 19.21 Million
19    Authorise 768.44 Million Ordinary Shares  For       For        Management
      for Market Purchase
20    Authorise Tesco Stores CR a.s. to Make EU For       For        Management
      Political Donations up to GBP 25,000 and
      Incur EU Political Expenditure up to GBP
      25,000
21    Authorise Tesco Stores SR a.s. to Make EU For       For        Management
      Political Donations up to GBP 25,000 and
      Incur EU Political Expenditure up to GBP
      25,000
22    Authorise Tesco Global Rt to Make EU      For       For        Management
      Political Donations up to GBP 25,000 and
      Incur EU Political Expenditure up to GBP
      25,000
23    Authorise Tesco Polska Sp z.o.o. to Make  For       For        Management
      EU Political Donations up to GBP 25,000
      and Incur EU Political Expenditure up to
      GBP 25,000
24    Approve the Tesco PLC Performance Share   For       For        Management
      Plan 2004
25    Approve the Tesco PLC 2004 Discretionary  For       For        Management
      Share Option Plan


--------------------------------------------------------------------------------

TOMKINS PLC

Ticker:       TKS            Security ID:  GB0008962655
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 7.4 Pence Per   For       For        Management
      Share
4     Re-elect David Newlands as Director       For       For        Management
5     Re-elect Kenneth Lever as Director        For       For        Management
6     Re-elect Sir Brian Pitman as Director     For       For        Management
7     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 12,887,706
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,933,155
11    Authorise 77,326,236 Ordinary Shares for  For       For        Management
      Market Purchase
12    Amend Articles Re: Wordings               For       For        Management


--------------------------------------------------------------------------------

TOMKINS PLC

Ticker:       TKS            Security ID:  GB0008962655
Meeting Date: AUG 11, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association Re:         For       For        Management
      Redemption of the Redeemable Convertible
      Shares
2     Authorize the Early Redemption of the     For       For        Management
      Redeemable Preference Shares


--------------------------------------------------------------------------------

UNILEVER PLC

Ticker:       UL             Security ID:  GB0005748735
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 11.92 Pence Per For       For        Management
      Ordinary Share
4     Re-elect Niall Fitzgerald as Director     For       For        Management
5     Re-elect Antony Burgmans as Director      For       For        Management
6     Re-elect Clive Butler as Director         For       For        Management
7     Re-elect Patrick Cescau as Director       For       For        Management
8     Re-elect Keki Dadiseth as Director        For       For        Management
9     Re-elect Andre baron van Heemstra as      For       For        Management
      Director
10    Re-elect Rudy Markham as Director         For       For        Management
11    Elect Kees van der Graaf as Director      For       For        Management
12    Re-elect Lord Brittan of Spennithorne as  For       For        Management
      Director
13    Re-elect Baroness Chalker of Wallasey as  For       For        Management
      Director
14    Re-elect Bertrand Collomb as Director     For       For        Management
15    Re-elect Wim Dik as Director              For       For        Management
16    Re-elect Oscar Fanjul as Director         For       For        Management
17    Re-elect Claudio Gonzalez as Director     For       For        Management
18    Re-elect Hilmar Kopper as Director        For       For        Management
19    Re-elect The Lord Simon of Highbury as    For       For        Management
      Director
20    Re-elect Jeroen van der Veer as Director  For       For        Management
21    Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
22    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
23    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 13,450,000
24    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2 Million
25    Authorise 290 Million Ordinary Shares for For       For        Management
      Market Purchase
26    Amend Articles of Association Re: New     For       For        Management
      Corporate Governance Arrangements
27    Amend Articles of Association Re:         For       For        Management
      Treasury Shares


--------------------------------------------------------------------------------

UNITED BUSINESS MEDIA PLC (FM. UNITED NEWS & MEDIA PLC)

Ticker:       UNEWY          Security ID:  GB0030224215
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 5.7 Pence Per   For       For        Management
      Share
4     Re-elect John Botts as Director           For       For        Management
5     Re-elect Malcolm Wall as Director         For       For        Management
6     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
7     Authorise 33,582,615 Ordinary Shares for  For       For        Management
      Market Purchase
8     Authorise 6,212,819 B Shares for Market   For       For        Management
      Purchase
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 27,985,513
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 4,197,827
11    Authorise EU Political Donations  and     For       For        Management
      Incur  EU Political Expenditure up to
      Aggregate Nominal Amount of GBP 100,000
12    Approve United Business Media 2004 Uk and For       For        Management
      International Sharesave Schemes


--------------------------------------------------------------------------------

UNITED UTILITIES PLC

Ticker:                      Security ID:  GB0006462336
Meeting Date: AUG 26, 2003   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase Authorized Capital;      For       For        Management
      Allot A Shares Pursuant to Rights Issue
      and Issue Further Shares;Issuance Without
      Preemptive Rights;Authorize Ord. Shares/A
      Shares for Market Repurchases;Amend
      Articles;Authorize Consolidation of A
      Shares


--------------------------------------------------------------------------------

UNITED UTILITIES PLC

Ticker:                      Security ID:  GB0006462336
Meeting Date: JUL 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 32.1 Pence Per  For       Abstain    Management
      Share
3     Reelect John Roberts as Director          For       For        Management
4     Reelect Gordon Waters as Director         For       For        Management
5     Reelect Jane Newell as Director           For       For        Management
6     Approve Remuneration Report               For       Abstain    Management
7     Approve Deloitte and Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      GBP 185,565,137
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 27,834,770
10    Authorize 55,669,541 Ordinary Shares for  For       For        Management
      Share Repurchase Program


--------------------------------------------------------------------------------

VODAFONE GROUP PLC

Ticker:                      Security ID:  GB0007192106
Meeting Date: JUL 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       Abstain    Management
3     Reelect Lord MacLaurin of Knebworth as    For       For        Management
      Director
4     Reelect Kenneth Hydon as Director         For       For        Management
5     Reelect Thomas Geitner as Director        For       For        Management
6     Reelect Alec Broers as Director           For       For        Management
7     Reelect Juergen Schrempp as Director      For       For        Management
8     Elect John Buchanan as Director           For       For        Management
9     Approve Final Dividend of 0.8983 Pence    For       For        Management
      Per Share
10    Ratify Deloitte and Touche as Auditors    For       For        Management
11    Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
12    Authorize EU Political Donations up to    For       For        Management
      GBP 100,000
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      USD 900,000,000
14    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of USD 340,000,000
15    Authorize 6,800,000,000 Shares for Share  For       For        Management
      Repurchase Program


--------------------------------------------------------------------------------

WHITBREAD PLC

Ticker:                      Security ID:  GB0030345457
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 16.15 Pence Per For       For        Management
      Ordinary Share
4     Elect Angie Risley as Director            For       For        Management
5     Re-elect Sir John Banham as Director      For       For        Management
6     Re-elect Alan Parker as Director          For       For        Management
7     Re-elect Stewart Miller as Director       For       For        Management
8     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
9     Amend the Whitbread Long Term Incentive   For       For        Management
      Plan
10    Authorise the Directors to Set up Share   For       For        Management
      Plans for Employees Overseas
11    Authorise Market Purchase of Ordinary     For       For        Management
      Shares up to GBP 14,875,000
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 7,437,500


--------------------------------------------------------------------------------

WILLIAM HILL PLC

Ticker:                      Security ID:  GB0031698896
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9 Pence Per     For       For        Management
      Ordinary Share
4     Re-elect David Allvey as Director         For       For        Management
5     Re-elect Barry Gibson as Director         For       For        Management
6     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
8     Amend the 2004 Senior Management          For       For        Management
      Operating Bonus Scheme, the William Hill
      Executive Director Incentive Plan, the
      William Hill Long Term Incentive Plan and
      the William Hill SAYE Share Option
      Schemes
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 14,060,370
10    Amend Articles of Association Re:         For       For        Management
      Disapplication of Pre-emptive Rights
11    Amend Articles of Association Re:         For       For        Management
      Treasury Shares
12    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount Equal to Five Percent of
      the Issued Share Capital
13    Authorise 42,811,111 Ordinary Shares for  For       For        Management
      Market Purchase


--------------------------------------------------------------------------------

WOLSELEY PLC

Ticker:                      Security ID:  GB0009764027
Meeting Date: NOV 21, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 15.6 Pence Per  For       For        Management
      Share
4     Elect Gareth Davis as Director            For       For        Management
5     Elect Gerard Legtmann as Director         For       For        Management
6     Reelect John Whybrow as Director          For       For        Management
7     Reelect Stephen Webster as Director       For       For        Management
8     Reelect Fenton Hord as Director           For       For        Management
9     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of GBP 7,259,465
11    Authorize 58,075,722 Shares for Share     For       For        Management
      Repurchase Program
12    Approve Wolesley Share Option Plan 2003   For       For        Management
13    Authorize EU Political Donations up to    For       For        Management
      GBP 125,000


--------------------------------------------------------------------------------

WPP GROUP PLC

Ticker:       WPPG10         Security ID:  GB0009740423
Meeting Date: APR 7, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve 2004 Leadership Equity            For       For        Management
      Acquisition Plan


--------------------------------------------------------------------------------

WPP GROUP PLC

Ticker:       WPPG10         Security ID:  GB0009740423
Meeting Date: JUN 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Abstain    Management
      Reports
2     Approve Final Dividend of 4.4 Pence Per   For       For        Management
      Ordinary Share
3a    Elect Orit Gadiesh as Director            For       For        Management
3b    Elect Koichiro Naganuma as Director       For       For        Management
3c    Elect Paul Spencer as Director            For       For        Management
3d    Re-elect Philip Lader as Director         For       For        Management
3e    Re-elect Jeremy Bullmore as Director      For       For        Management
3f    Re-elect John Jackson as Director         For       For        Management
3g    Re-elect Stanley Morten as Director       For       For        Management
3h    Re-elect John Quelch as Director          For       For        Management
4     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
5     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 39,334,225
6     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,900,134
7     Authorise 118,002,676 Ordinary Shares for For       For        Management
      Market Purchase
8     Approve Remuneration Report               For       For        Management
9     Amend the Capital Investment Plan         For       For        Management
10    Amend the Notional Share Award Plan       For       For        Management
11    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 450,000
      to GBP 1,000,000
</PRE>
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)

By		/s/ MICHAEL LATHAM

(Signature & Title)

Secretary/Treasurer iShares Trust & Inc.