UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-01728


Nicholas Fund, Inc.
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  (Exact name of registrant as specified in charter)

700 North Water Street
Milwaukee, Wisconsin 53202
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  (Address of principal executive offices)

Jeffrey T. May
700 North Water Street
Milwaukee, Wisconsin 53202
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  (Name and address of agent for service)


Registrant's telephone number, including area code: 414-272-4650

Date of Fiscal year-end: 03/31/2009

Date of reporting period: 07/01/2007 - 06/30/2008


``

`AFFILIATED MANAGERS GROUP, INC.`

`Ticker:       AMG            Security ID:  008252108`

`Meeting Date: JUN 3, 2008    Meeting Type: Annual`

`Record Date:  APR 22, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Richard E. Floor          For       For        Management`

`1.2   Elect  Director Sean M. Healey            For       For        Management`

`1.3   Elect  Director Harold J. Meyerman        For       For        Management`

`1.4   Elect  Director William J. Nutt           For       For        Management`

`1.5   Elect  Director Rita M. Rodriguez         For       For        Management`

`1.6   Elect  Director Patrick T. Ryan           For       For        Management`

`1.7   Elect  Director Jide J. Zeitlin           For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`AMERICAN EXPRESS CO.`

`Ticker:       AXP            Security ID:  025816109`

`Meeting Date: APR 28, 2008   Meeting Type: Annual`

`Record Date:  FEB 29, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Daniel F. Akerson          For       For        Management`

`1.2   Elect Director Charlene Barshefsky        For       For        Management`

`1.3   Elect Director Ursula M. Burns            For       For        Management`

`1.4   Elect Director Kenneth I. Chenault        For       For        Management`

`1.5   Elect Director Peter Chernin              For       For        Management`

`1.6   Elect Director Jan Leschly                For       For        Management`

`1.7   Elect Director Richard C. Levin           For       For        Management`

`1.8   Elect Director Richard A. McGinn          For       For        Management`

`1.9   Elect Director Edward D. Miller           For       For        Management`

`1.10  Elect Director Steven S Reinemund         For       For        Management`

`1.11  Elect Director Robert D. Walter           For       For        Management`

`1.12  Elect Director Ronald A. Williams         For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Require Majority Vote for Non-Contested   For       For        Management`

`Election`

`4     Reduce Supermajority Vote Requirement     For       For        Management`

`5     Reduce Supermajority Vote Requirement     For       For        Management`

`6     Reduce Supermajority Vote Requirement     For       For        Management`

`7     Reduce Supermajority Vote Requirement     For       For        Management`

`8     Provide for Cumulative Voting             Against   For        Shareholder`

`--------------------------------------------------------------------------------`

`APACHE CORP.`

`Ticker:       APA            Security ID:  037411105`

`Meeting Date: MAY 8, 2008    Meeting Type: Annual`

`Record Date:  MAR 19, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director G. Steven Farris           For       For        Management`

`2     Elect Director Randolph M. Ferlic         For       For        Management`

`3     Elect Director A. D. Frazier, Jr.         For       For        Management`

`4     Elect Director John A. Kocur              For       For        Management`

`5     Reimburse Proxy Contest Expenses          Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`BANK MUTUAL CORPORATION`

`Ticker:       BKMU           Security ID:  063750103`

`Meeting Date: MAY 6, 2008    Meeting Type: Annual`

`Record Date:  MAR 3, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director David C. Boerke            For       For        Management`

`1.2   Elect Director Richard A. Brown           For       For        Management`

`1.3   Elect Director Thomas J. Lopina, Sr.      For       For        Management`

`1.4   Elect Director Robert B. Olson            For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`BED BATH & BEYOND INC.`

`Ticker:       BBBY           Security ID:  075896100`

`Meeting Date: JUL 10, 2007   Meeting Type: Annual`

`Record Date:  MAY 14, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Warren Eisenberg           For       For        Management`

`1.2   Elect Director Stanley F. Barshay         For       For        Management`

`1.3   Elect Director Patrick R. Gaston          For       For        Management`

`1.4   Elect Director Victoria A. Morrison       For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Report on Climate Change Policies         Against   For        Shareholder`

`4     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder`

`Officers' Compensation`

`5     Report on Product Safety                  Against   For        Shareholder`

`--------------------------------------------------------------------------------`

`BEMIS COMPANY, INC.`

`Ticker:       BMS            Security ID:  081437105`

`Meeting Date: MAY 1, 2008    Meeting Type: Annual`

`Record Date:  MAR 3, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Edward N. Perry            For       For        Management`

`1.2   Elect Director William J. Scholle         For       For        Management`

`1.3   Elect Director Timothy M. Manganello      For       For        Management`

`1.4   Elect Director Philip G. Weaver           For       For        Management`

`1.5   Elect Director Henry J. Theisen           For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Report on Pay Disparity                   Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`BERKSHIRE HATHAWAY INC.`

`Ticker:       BRK.A          Security ID:  084670108`

`Meeting Date: MAY 3, 2008    Meeting Type: Annual`

`Record Date:  MAR 5, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Warren E. Buffett          For       For        Management`

`1.2   Elect Director Charles T. Munger          For       For        Management`

`1.3   Elect Director Howard G. Buffett          For       For        Management`

`1.4   Elect Director Susan L. Decker            For       For        Management`

`1.5   Elect Director William H. Gates III       For       For        Management`

`1.6   Elect Director David S. Gottesman         For       For        Management`

`1.7   Elect Director Charlotte Guyman           For       For        Management`

`1.8   Elect Director Donald R. Keough           For       For        Management`

`1.9   Elect Director Thomas S. Murphy           For       For        Management`

`1.10  Elect Director Ronald L. Olson            For       For        Management`

`1.11  Elect Director Walter Scott, Jr.          For       For        Management`

`--------------------------------------------------------------------------------`

`BEST BUY CO., INC.`

`Ticker:       BBY            Security ID:  086516101`

`Meeting Date: JUN 25, 2008   Meeting Type: Annual`

`Record Date:  APR 28, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Bradbury H. Anderson      For       For        Management`

`1.2   Elect  Director Kathy J. Higgins Victor   For       For        Management`

`1.3   Elect  Director Allen U. Lenzmeier        For       For        Management`

`1.4   Elect  Director Rogelio M. Rebolledo      For       For        Management`

`1.5   Elect  Director Frank D. Trestman         For       For        Management`

`1.6   Elect  Director George L. Mikan, III      For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Approve Qualified Employee Stock Purchase For       For        Management`

`Plan`

`4     Amend By-laws for Majority Voting         For       Against    Management`

`Standard`

`--------------------------------------------------------------------------------`

`CALIFORNIA PIZZA KITCHEN, INC.`

`Ticker:       CPKI           Security ID:  13054D109`

`Meeting Date: MAY 21, 2008   Meeting Type: Annual`

`Record Date:  APR 9, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director William C. Baker           For       For        Management`

`1.2   Elect Director Leslie E. Bider            For       For        Management`

`1.3   Elect Director Marshall S. Geller         For       For        Management`

`1.4   Elect Director Larry S. Flax              For       For        Management`

`1.5   Elect Director Charles G. Phillips        For       For        Management`

`1.6   Elect Director Richard L. Rosenfield      For       For        Management`

`1.7   Elect Director Alan I. Rothenberg         For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`CARDINAL HEALTH, INC.`

`Ticker:       CAH            Security ID:  14149Y108`

`Meeting Date: NOV 7, 2007    Meeting Type: Annual`

`Record Date:  SEP 10, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Colleen F. Arnold          For       For        Management`

`1.2   Elect Director R. Kerry Clark             For       For        Management`

`1.3   Elect Director George H. Conrades         For       For        Management`

`1.4   Elect Director Calvin Darden              For       For        Management`

`1.5   Elect Director John F. Finn               For       For        Management`

`1.6   Elect Director Philip L. Francis          For       For        Management`

`1.7   Elect Director Gregory B. Kenny           For       For        Management`

`1.8   Elect Director Richard C. Notebaert       For       For        Management`

`1.9   Elect Director David W. Raisbeck          For       For        Management`

`1.10  Elect Director Robert D. Walter           For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Reduce Supermajority Vote Requirement     For       For        Management`

`4     Approve Non-Employee Director Omnibus     For       Against    Management`

`Stock Plan`

`5     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder`

`Officers' Compensation`

`6     Performance-Based Equity Awards           Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`CDW CORP.`

`Ticker:       CDWC           Security ID:  12512N105`

`Meeting Date: AUG 9, 2007    Meeting Type: Special`

`Record Date:  JUL 5, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Approve Merger Agreement                  For       For        Management`

`2     Adjourn Meeting                           For       For        Management`

`--------------------------------------------------------------------------------`

`CEMEX S.A.B. DE C.V.`

`Ticker:       CX             Security ID:  151290889`

`Meeting Date: APR 24, 2008   Meeting Type: Annual`

`Record Date:  MAR 24, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     PRESENTATION OF THE REPORT BY THE CHIEF   For       For        Management`

`EXECUTIVE OFFICER, INCLUDING THE COMPANY`

`S FINANCIAL STATEMENTS, REPORT OF`

`VARIATIONS OF CAPITAL STOCK, AND`

`PRESENTATION OF THE REPORT BY THE BOARD`

`OF DIRECTORS, FOR THE FISCAL YEAR ENDED`

`DECEMBER 31, 2007.`

`2     PROPOSAL FOR: (I) THE ALLOCATION OF       For       For        Management`

`PROFITS AND (II) THE MAXIMUM AMOUNT OF`

`FUNDS TO BE USED FOR THE PURCHASE OF`

`COMPANY SHARES.`

`3     PROPOSAL TO INCREASE THE CAPITAL STOCK OF For       For        Management`

`THE COMPANY IN ITS VARIABLE PORTION`

`THROUGH CAPITALIZATION OF RETAINED`

`EARNINGS.`

`4     APPOINTMENT OF DIRECTORS, AND MEMBERS AND For       For        Management`

`PRESIDENT OF THE AUDIT AND CORPORATE`

`PRACTICES COMMITTEE.`

`5     COMPENSATION OF DIRECTORS AND MEMBERS OF  For       For        Management`

`THE AUDIT AND CORPORATE PRACTICES`

`COMMITTEE.`

`6     APPOINTMENT OF DELEGATES TO FORMALIZE THE For       For        Management`

`RESOLUTIONS ADOPTED AT THE MEETING.`

`--------------------------------------------------------------------------------`

`CHICAGO BRIDGE & IRON CO.`

`Ticker:       CBI            Security ID:  167250109`

`Meeting Date: NOV 16, 2007   Meeting Type: Special`

`Record Date:  OCT 17, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     TO APPROVE AND AUTHORIZE THE ACQUISITION  For       For        Management`

`OF THE LUMMUS GLOBAL BUSINESS OF ABB ASEA`

`BROWN BOVERI LTD. BY CB&I OR DIRECT OR`

`INDIRECT WHOLLY-OWNED SUBSIDIARIES OF`

`CB&I.`

`--------------------------------------------------------------------------------`

`CINTAS CORP.`

`Ticker:       CTAS           Security ID:  172908105`

`Meeting Date: OCT 23, 2007   Meeting Type: Annual`

`Record Date:  AUG 24, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Gerald S. Adolph           For       For        Management`

`1.2   Elect Director Paul R. Carter             For       For        Management`

`1.3   Elect Director Gerald V. Dirvin           For       For        Management`

`1.4   Elect Director Richard T. Farmer          For       For        Management`

`1.5   Elect Director Scott D. Farmer            For       For        Management`

`1.6   Elect Director Joyce Hergenhan            For       For        Management`

`1.7   Elect Director Roger L. Howe              For       For        Management`

`1.8   Elect Director Robert J. Kohlhepp         For       For        Management`

`1.9   Elect Director David C. Phillips          For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Separate Chairman and CEO Positions       Against   Against    Shareholder`

`4     Require a Majority Vote for the Election  Against   Against    Shareholder`

`of Directors`

`--------------------------------------------------------------------------------`

`CONSTELLATION BRANDS, INC.`

`Ticker:       STZ.B          Security ID:  21036P108`

`Meeting Date: JUL 26, 2007   Meeting Type: Annual`

`Record Date:  MAY 31, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Barry A. Fromberg          For       For        Management`

`1.2   Elect Director Jeananne K. Hauswald       For       For        Management`

`1.3   Elect Director James A. Locke, III        For       For        Management`

`1.4   Elect Director Richard Sands, Ph.D.       For       For        Management`

`1.5   Elect Director Robert Sands               For       For        Management`

`1.6   Elect Director Thomas C. McDermott        For       For        Management`

`1.7   Elect Director Paul L. Smith              For       For        Management`

`1.8   Elect Director Peter H. Soderberg         For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Increase Authorized Common Stock          For       For        Management`

`4     Amend Omnibus Stock Plan                  For       Against    Management`

`5     Amend Executive Incentive Bonus Plan      For       For        Management`

`--------------------------------------------------------------------------------`

`CONSTELLATION BRANDS, INC.`

`Ticker:       STZ.B          Security ID:  21036P108`

`Meeting Date: DEC 6, 2007    Meeting Type: Special`

`Record Date:  OCT 15, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Authorize a New Class of Common Stock     For       For        Management`

`2     Amend Omnibus Stock Plan                  For       For        Management`

`--------------------------------------------------------------------------------`

`COPART, INC.`

`Ticker:       CPRT           Security ID:  217204106`

`Meeting Date: DEC 6, 2007    Meeting Type: Annual`

`Record Date:  OCT 17, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Willis J. Johnson          For       For        Management`

`1.2   Elect Director A. Jayson Adair            For       Withhold   Management`

`1.3   Elect Director James E. Meeks             For       Withhold   Management`

`1.4   Elect Director Steven D. Cohan            For       Withhold   Management`

`1.5   Elect Director Daniel J. Englander        For       For        Management`

`1.6   Elect Director Barry Rosenstein           For       For        Management`

`1.7   Elect Director Thomas W. Smith            For       Withhold   Management`

`2     Approve Omnibus Stock Plan                For       Against    Management`

`3     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`COVIDIEN LTD.`

`Ticker:       COV            Security ID:  G2552X108`

`Meeting Date: MAR 18, 2008   Meeting Type: Annual`

`Record Date:  JAN 16, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     ELECTION OF DIRECTOR: CRAIG ARNOLD        For       For        Management`

`2     ELECTION OF DIRECTOR: ROBERT H. BRUST     For       For        Management`

`3     ELECTION OF DIRECTOR: JOHN M. CONNORS,    For       For        Management`

`JR.`

`4     ELECTION OF DIRECTOR: CHRISTOPHER J.      For       For        Management`

`COUGHLIN`

`5     ELECTION OF DIRECTOR: TIMOTHY M. DONAHUE  For       For        Management`

`6     ELECTION OF DIRECTOR: KATHY J. HERBERT    For       For        Management`

`7     ELECTION OF DIRECTOR: RANDALL J. HOGAN,   For       For        Management`

`III`

`8     ELECTION OF DIRECTOR: RICHARD J. MEELIA   For       For        Management`

`9     ELECTION OF DIRECTOR: DENNIS H. REILLEY   For       For        Management`

`10    ELECTION OF DIRECTOR: TADATAKA YAMADA     For       For        Management`

`11    ELECTION OF DIRECTOR: JOSEPH A.           For       For        Management`

`ZACCAGNINO`

`12    Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`DAVITA INC.`

`Ticker:       DVA            Security ID:  23918K108`

`Meeting Date: JUN 9, 2008    Meeting Type: Annual`

`Record Date:  APR 15, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director Charles G. Berg            For       For        Management`

`2     Elect Director Willard W. Brittain, Jr.   For       For        Management`

`3     Elect Director Nancy-Ann DeParle          For       For        Management`

`4     Elect Director Paul J. Diaz               For       For        Management`

`5     Elect Director Peter T. Grauer            For       For        Management`

`6     Elect Director John M. Nehra              For       For        Management`

`7     Elect Director William L. Roper, M.D.     For       For        Management`

`8     Elect Director Kent J. Thiry              For       For        Management`

`9     Elect Director Roger J. Valine            For       For        Management`

`10    Elect Director Richard C. Vaughan         For       For        Management`

`11    Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`DELL INC.`

`Ticker:       DELL           Security ID:  24702R101`

`Meeting Date: DEC 4, 2007    Meeting Type: Annual`

`Record Date:  OCT 26, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Donald J. Carty            For       For        Management`

`1.2   Elect Director Michael S. Dell            For       For        Management`

`1.3   Elect Director William H. Gray, III       For       For        Management`

`1.4   Elect Director Sallie L. Krawcheck        For       For        Management`

`1.5   Elect Director Alan (A.G.) Lafley         For       For        Management`

`1.6   Elect Director Judy C. Lewent             For       For        Management`

`1.7   Elect Director Klaus S. Luft              For       For        Management`

`1.8   Elect Director Thomas W. Luce, III        For       For        Management`

`1.9   Elect Director Alex J. Mandl              For       For        Management`

`1.10  Elect Director Michael A. Miles           For       For        Management`

`1.11  Elect Director Samuel A.  Nunn, Jr.       For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Amend Omnibus Stock Plan                  For       Against    Management`

`4     Stock Retention/Holding Period            Against   Against    Shareholder`

`5     Declaration of Dividend                   Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`FISERV, INC.`

`Ticker:       FISV           Security ID:  337738108`

`Meeting Date: MAY 21, 2008   Meeting Type: Annual`

`Record Date:  MAR 26, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Donald F. Dillon           For       For        Management`

`1.2   Elect Director Gerald J. Levy             For       For        Management`

`1.3   Elect Director Denis J. O'Leary           For       For        Management`

`1.4   Elect Director Glenn M. Renwick           For       For        Management`

`1.5   Elect Director Doyle R. Simons            For       For        Management`

`1.6   Elect Director Peter J. Kight             For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`FORTUNE BRANDS, INC.`

`Ticker:       FO             Security ID:  349631101`

`Meeting Date: APR 29, 2008   Meeting Type: Annual`

`Record Date:  FEB 29, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Richard A. Goldstein       For       Withhold   Management`

`1.2   Elect Director Pierre E. Leroy            For       Withhold   Management`

`1.3   Elect Director A.D. David Mackay          For       Withhold   Management`

`2     Ratify Auditors                           For       For        Management`

`3     Declassify the Board of Directors         Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`GENERAL DYNAMICS CORP.`

`Ticker:       GD             Security ID:  369550108`

`Meeting Date: MAY 7, 2008    Meeting Type: Annual`

`Record Date:  MAR 10, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director Nicholas D. Chabraja       For       For        Management`

`2     Elect Director James S. Crown             For       For        Management`

`3     Elect Director William P. Fricks          For       For        Management`

`4     Elect Director Charles H. Goodman         For       For        Management`

`5     Elect Director Jay L. Johnson             For       For        Management`

`6     Elect Director George A. Joulwan          For       For        Management`

`7     Elect Director Paul G. Kaminski           For       For        Management`

`8     Elect Director John M. Keane              For       For        Management`

`9     Elect Director Deborah J. Lucas           For       For        Management`

`10    Elect Director Lester L. Lyles            For       For        Management`

`11    Elect Director Carl E. Mundy, Jr.         For       For        Management`

`12    Elect Director J. Christopher Reyes       For       For        Management`

`13    Elect Director Robert Walmsley            For       For        Management`

`14    Ratify Auditors                           For       For        Management`

`15    Adopt Ethical Criteria for Military       Against   Against    Shareholder`

`Contracts`

`16    Amend Articles/Bylaws/Charter -- Call     Against   For        Shareholder`

`Special Meetings`

`--------------------------------------------------------------------------------`

`GILEAD SCIENCES, INC.`

`Ticker:       GILD           Security ID:  375558103`

`Meeting Date: MAY 8, 2008    Meeting Type: Annual`

`Record Date:  MAR 19, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Paul Berg                  For       For        Management`

`1.2   Elect Director John F. Cogan              For       For        Management`

`1.3   Elect Director Etienne F. Davignon        For       For        Management`

`1.4   Elect Director James M. Denny             For       For        Management`

`1.5   Elect Director Carla A. Hills             For       For        Management`

`1.6   Elect Director John W. Madigan            For       For        Management`

`1.7   Elect Director John C. Martin             For       For        Management`

`1.8   Elect Director Gordon E. Moore            For       For        Management`

`1.9   Elect Director Nicholas Moore             For       For        Management`

`1.10  Elect Director Gayle E. Wilson            For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Amend Omnibus Stock Plan                  For       For        Management`

`4     Increase Authorized Common Stock          For       For        Management`

`--------------------------------------------------------------------------------`

`HEARTLAND EXPRESS, INC.`

`Ticker:       HTLD           Security ID:  422347104`

`Meeting Date: MAY 8, 2008    Meeting Type: Annual`

`Record Date:  MAR 14, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Russell A. Gerdin          For       For        Management`

`1.2   Elect Director Michael J. Gerdin          For       For        Management`

`1.3   Elect Director Richard O. Jacobson        For       For        Management`

`1.4   Elect Director Benjamin J. Allen          For       For        Management`

`1.5   Elect Director Lawrence D. Crouse         For       For        Management`

`1.6   Elect Director James G. Pratt             For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`HELEN OF TROY LTD.`

`Ticker:       HELE           Security ID:  G4388N106`

`Meeting Date: AUG 21, 2007   Meeting Type: Annual`

`Record Date:  JUN 25, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Gary B. Abromovitz        For       For        Management`

`1.2   Elect  Director John B. Butterworth       For       For        Management`

`1.3   Elect  Director Timothy F. Meeker         For       For        Management`

`1.4   Elect  Director Byron H. Rubin            For       For        Management`

`1.5   Elect  Director Gerald J. Rubin           For       For        Management`

`1.6   Elect  Director Stanlee N. Rubin          For       For        Management`

`1.7   Elect  Director Adolpho R. Telles         For       For        Management`

`1.8   Elect  Director Darren G. Woody           For       For        Management`

`2     TO APPROVE AN AMENDMENT TO THE COMPANY S  For       For        Management`

`BYE-LAWS TO MAKE THE COMPANY ELIGIBLE FOR`

`A DIRECT REGISTRATION PROGRAM`

`3     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`HEWITT ASSOCIATES, INC.`

`Ticker:       HEW            Security ID:  42822Q100`

`Meeting Date: JAN 30, 2008   Meeting Type: Annual`

`Record Date:  DEC 3, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Russell P. Fradin          For       For        Management`

`1.2   Elect Director Cheryl A. Francis          For       For        Management`

`1.3   Elect Director Alex J. Mandl              For       For        Management`

`1.4   Elect Director Thomas J. Neff             For       For        Management`

`2     Amend Omnibus Stock Plan                  For       For        Management`

`3     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`IHOP CORP.`

`Ticker:       IHP            Security ID:  449623107`

`Meeting Date: MAY 21, 2008   Meeting Type: Annual`

`Record Date:  APR 1, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Michael S. Gordon         For       For        Management`

`1.2   Elect  Director Larry Alan Kay            For       For        Management`

`1.3   Elect  Director Julia A. Stewart          For       For        Management`

`2     Amend Omnibus Stock Plan                  For       Against    Management`

`3     Approve Executive Incentive Bonus Plan    For       For        Management`

`4     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`J. B. HUNT TRANSPORT SERVICES, INC.`

`Ticker:       JBHT           Security ID:  445658107`

`Meeting Date: MAY 1, 2008    Meeting Type: Annual`

`Record Date:  FEB 26, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Kirk Thompson              For       For        Management`

`1.2   Elect Director Leland Tollett             For       For        Management`

`1.3   Elect Director John A. White              For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`JOS. A. BANK CLOTHIERS, INC.`

`Ticker:       JOSB           Security ID:  480838101`

`Meeting Date: JUN 19, 2008   Meeting Type: Annual`

`Record Date:  APR 30, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Robert N. Wildrick        For       Withhold   Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`KAYNE ANDERSON ENERGY DEVELOPMENT COMPANY`

`Ticker:       KED            Security ID:  48660Q102`

`Meeting Date: JUN 17, 2008   Meeting Type: Annual`

`Record Date:  MAR 31, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director William R. Cordes          For       For        Management`

`1.2   Elect Director Barry R. Pearl             For       For        Management`

`2     Authorize Company to Sell Shares Below    For       For        Management`

`Net Asset Value`

`--------------------------------------------------------------------------------`

`KAYNE ANDERSON ENERGY TOTAL RETURN FUND, INC.`

`Ticker:       KYE            Security ID:  48660P104`

`Meeting Date: JUN 17, 2008   Meeting Type: Annual`

`Record Date:  APR 18, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Gerald I. Isenberg         For       For        Management`

`2     Authorize Company to Sell Shares Below    For       For        Management`

`Net Asset Value`

`--------------------------------------------------------------------------------`

`KAYNE ANDERSON MLP INVESTMENT COMPANY`

`Ticker:       KYN            Security ID:  486606106`

`Meeting Date: JUN 17, 2008   Meeting Type: Annual`

`Record Date:  APR 18, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Gerald I. Isenberg         For       For        Management`

`2     Authorize Company to Sell Shares Below    For       For        Management`

`Net Asset Value`

`--------------------------------------------------------------------------------`

`KOHL'S CORP.`

`Ticker:       KSS            Security ID:  500255104`

`Meeting Date: APR 30, 2008   Meeting Type: Annual`

`Record Date:  MAR 5, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director Steven A. Burd             For       For        Management`

`2     Elect Director Wayne Embry                For       For        Management`

`3     Elect Director John F. Herma              For       For        Management`

`4     Elect Director William S. Kellogg         For       For        Management`

`5     Elect Director Kevin Mansell              For       For        Management`

`6     Elect Director R. Lawrence Montgomery     For       For        Management`

`7     Elect Director Frank V. Sica              For       For        Management`

`8     Elect Director Peter M. Sommerhauser      For       For        Management`

`9     Elect Director Stephanie A. Streeter      For       For        Management`

`10    Elect Director Stephen E. Watson          For       For        Management`

`11    Ratify Auditors                           For       For        Management`

`12    Require a Majority Vote for the Election  Against   For        Shareholder`

`of Directors`

`13    Pay For Superior Performance              Against   For        Shareholder`

`--------------------------------------------------------------------------------`

`LEUCADIA NATIONAL CORP.`

`Ticker:       LUK            Security ID:  527288104`

`Meeting Date: MAY 13, 2008   Meeting Type: Annual`

`Record Date:  MAR 25, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Ian M. Cumming             For       For        Management`

`1.2   Elect Director Paul M. Dougan             For       For        Management`

`1.3   Elect Director Lawrence D. Glaubinger     For       For        Management`

`1.4   Elect Director Alan J. Hirschfield        For       For        Management`

`1.5   Elect Director James E. Jordan            For       For        Management`

`1.6   Elect Director Jeffrey C. Keil            For       For        Management`

`1.7   Elect Director J. Clyde Nichols, III      For       For        Management`

`1.8   Elect Director Joseph S. Steinberg        For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`LEVEL 3 COMMUNICATIONS, INC.`

`Ticker:       LVLT           Security ID:  52729N100`

`Meeting Date: MAY 20, 2008   Meeting Type: Annual`

`Record Date:  MAR 27, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Directors James Q. Crowe            For       For        Management`

`1.2   Elect Directors Douglas C. Eby            For       For        Management`

`1.3   Elect Directors James O. Ellis, Jr.       For       For        Management`

`1.4   Elect Directors Richard R. Jaros          For       For        Management`

`1.5   Elect Directors Robert E. Julian          For       For        Management`

`1.6   Elect Directors Michael J. Mahoney        For       For        Management`

`1.7   Elect Directors Arun Netravali            For       For        Management`

`1.8   Elect Directors John T. Reed              For       For        Management`

`1.9   Elect Directors Walter Scott, Jr.         For       For        Management`

`1.10  Elect Directors Michael B. Yanney         For       For        Management`

`1.11  Elect Directors Albert C. Yates           For       For        Management`

`2     Approve Reverse Stock Split               For       For        Management`

`3     Reduce Supermajority Vote Requirement     For       For        Management`

`4     Declassify the Board of Directors         For       For        Management`

`--------------------------------------------------------------------------------`

`LINCOLN ELECTRIC HOLDINGS, INC.`

`Ticker:       LECO           Security ID:  533900106`

`Meeting Date: APR 25, 2008   Meeting Type: Annual`

`Record Date:  MAR 14, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director David H. Gunning           For       Withhold   Management`

`1.2   Elect Director G. Russell Lincoln         For       For        Management`

`1.3   Elect Director Hellene S. Runtagh         For       For        Management`

`2     Amend Code of Regulations to Include      For       Against    Management`

`Certain Provisions`

`3     Amend Article V of Code of Regulations    For       Against    Management`

`4     Permit Board to Amend Bylaws Without      For       For        Management`

`Shareholder Consent`

`5     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`LOEWS CORP.`

`Ticker:       LTR            Security ID:  540424108`

`Meeting Date: MAY 13, 2008   Meeting Type: Annual`

`Record Date:  MAR 17, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director Ann E. Berman              For       For        Management`

`2     Elect Director Joseph L. Bower            For       For        Management`

`3     Elect Director Charles M. Diker           For       For        Management`

`4     Elect Director Paul J. Fribourg           For       For        Management`

`5     Elect Director Walter L. Harris           For       For        Management`

`6     Elect Director Philip A. Laskawy          For       For        Management`

`7     Elect Director Gloria R. Scott            For       For        Management`

`8     Elect Director Andrew H. Tisch            For       For        Management`

`9     Elect Director James S. Tisch             For       For        Management`

`10    Elect Director Jonathan M. Tisch          For       For        Management`

`11    Ratify Auditors                           For       For        Management`

`12    Provide for Cumulative Voting             Against   For        Shareholder`

`13    Pay For Superior Performance              Against   For        Shareholder`

`14    Adopt Principles for Health Care Reform   Against   Against    Shareholder`

`15    Amend Tobacco Marketing Strategies        Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`MARSHALL & ILSLEY CORP.`

`Ticker:       MI             Security ID:  571834100`

`Meeting Date: OCT 25, 2007   Meeting Type: Special`

`Record Date:  SEP 19, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Approve Spin-Off Agreement                For       For        Management`

`2     Adjourn Meeting                           For       For        Management`

`--------------------------------------------------------------------------------`

`MARSHALL & ILSLEY CORP.`

`Ticker:       MI             Security ID:  571837103`

`Meeting Date: APR 22, 2008   Meeting Type: Annual`

`Record Date:  FEB 26, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Andrew N. Baur             For       For        Management`

`1.2   Elect Director Jon F. Chait               For       For        Management`

`1.3   Elect Director John W. Daniels, Jr.       For       Withhold   Management`

`1.4   Elect Director Dennis J. Kuester          For       For        Management`

`1.5   Elect Director David J. Lubar             For       For        Management`

`1.6   Elect Director John A. Mellowes           For       For        Management`

`1.7   Elect Director Robert J. O?Toole          For       For        Management`

`1.8   Elect Director San W. Orr, Jr             For       For        Management`

`1.9   Elect Director John S. Shiely             For       For        Management`

`1.10  Elect Director Debra S. Waller            For       For        Management`

`1.11  Elect Director George E. Wardeberg        For       For        Management`

`2     Amend Executive Incentive Bonus Plan      For       For        Management`

`3     Ratify Auditors                           For       For        Management`

`4     Require a Majority Vote for the Election  Against   Against    Shareholder`

`of Directors`

`--------------------------------------------------------------------------------`

`MEDTRONIC, INC.`

`Ticker:       MDT            Security ID:  585055106`

`Meeting Date: AUG 23, 2007   Meeting Type: Annual`

`Record Date:  JUN 25, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director David L. Calhoun          For       For        Management`

`1.2   Elect  Director Arthur D. Collins, Jr.    For       For        Management`

`1.3   Elect  Director James T. Lenehan          For       For        Management`

`1.4   Elect  Director Kendall J. Powell         For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Declassify the Board of Directors         For       For        Management`

`--------------------------------------------------------------------------------`

`MGIC INVESTMENT CORP.`

`Ticker:       MTG            Security ID:  552848103`

`Meeting Date: MAY 15, 2008   Meeting Type: Annual`

`Record Date:  MAR 14, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director David S. Engelman          For       For        Management`

`1.2   Elect Director Kenneth M. Jastrow, II     For       For        Management`

`1.3   Elect Director Daniel P. Kearney          For       For        Management`

`1.4   Elect Director Donald T. Nicolaisen       For       For        Management`

`2     Amend Omnibus Stock Plan                  For       For        Management`

`3     Amend Executive Incentive Bonus Plan      For       For        Management`

`4     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`MGIC INVESTMENT CORP.`

`Ticker:       MTG            Security ID:  552848103`

`Meeting Date: JUN 27, 2008   Meeting Type: Special`

`Record Date:  MAY 8, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Approve Issuance of Convertible           For       For        Management`

`Debentures`

`2     Increase Authorized Common Stock          For       For        Management`

`3     Adopt Majority Voting for Uncontested     For       For        Management`

`Election of Directors`

`--------------------------------------------------------------------------------`

`MOODY'S CORPORATION`

`Ticker:       MCO            Security ID:  615369105`

`Meeting Date: APR 22, 2008   Meeting Type: Annual`

`Record Date:  MAR 1, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director Robert R. Glauber          For       For        Management`

`2     Elect Director Connie Mack                For       For        Management`

`3     Elect Director Nancy S. Newcomb           For       For        Management`

`4     Ratify Auditors                           For       For        Management`

`5     Reduce Supermajority Vote Requirement     Against   For        Shareholder`

`--------------------------------------------------------------------------------`

`O'REILLY AUTOMOTIVE, INC.`

`Ticker:       ORLY           Security ID:  686091109`

`Meeting Date: MAY 6, 2008    Meeting Type: Annual`

`Record Date:  FEB 28, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director David E. O'Reilly         For       Withhold   Management`

`1.2   Elect  Director Jay D. Burchfield         For       For        Management`

`1.3   Elect  Director Paul R. Lederer           For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`OSHKOSH TRUCK CORP.`

`Ticker:       OSK            Security ID:  688239201`

`Meeting Date: FEB 5, 2008    Meeting Type: Annual`

`Record Date:  DEC 12, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director J. William Andersen        For       For        Management`

`2     Elect Director Robert G. Bohn             For       For        Management`

`3     Elect Director Robert A. Cornog           For       For        Management`

`4     Elect Director Richard M. Donnelly        For       For        Management`

`5     Elect Director Frederick M. Franks, Jr.   For       For        Management`

`6     Elect Director Michael W. Grebe           For       For        Management`

`7     Elect Director Kathleen J. Hempel         For       For        Management`

`8     Elect Director Harvey N. Medvin           For       For        Management`

`9     Elect Director J. Peter Mosling, Jr.      For       For        Management`

`10    Elect Director Timothy J. Roemer          For       For        Management`

`11    Elect Director Richard G. Sim             For       For        Management`

`12    Elect Director Charles L. Stews           For       For        Management`

`13    Change Company Name from Oshkosh Truck    For       For        Management`

`Corp. to Oshkosh Corporation`

`14    Ratify Auditors                           For       For        Management`

`15    Submit Shareholder Rights Plan (Poison    Against   For        Shareholder`

`Pill) to Shareholder Vote`

`--------------------------------------------------------------------------------`

`PENSKE AUTOMOTIVE GROUP, INC.`

`Ticker:       PAG            Security ID:  70959W103`

`Meeting Date: MAY 1, 2008    Meeting Type: Annual`

`Record Date:  MAR 10, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director John D. Barr               For       For        Management`

`1.2   Elect Director Michael R. Eisenson        For       For        Management`

`1.3   Elect Director Hiroshi Ishikawa           For       For        Management`

`1.4   Elect Director Robert H. Kurnick, Jr      For       For        Management`

`1.5   Elect Director William J. Lovejoy         For       For        Management`

`1.6   Elect Director Kimberly J. Mcwaters       For       For        Management`

`1.7   Elect Director Euslace W. Mita            For       For        Management`

`1.8   Elect Director Lucio A. Noto              For       Withhold   Management`

`1.9   Elect Director Roger S. Penske            For       For        Management`

`1.10  Elect Director Richard J. Peters          For       For        Management`

`1.11  Elect  Director Ronald G. Steinhart       For       For        Management`

`1.12  Elect  Director H. Brian Thompson         For       For        Management`

`2     Other Business                            For       Against    Management`

`--------------------------------------------------------------------------------`

`PHILADELPHIA CONSOLIDATED HOLDING CORP.`

`Ticker:       PHLY           Security ID:  717528103`

`Meeting Date: MAY 16, 2008   Meeting Type: Annual`

`Record Date:  MAR 7, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Aminta Hawkins Breaux      For       For        Management`

`1.2   Elect Director Michael J. Cascio          For       For        Management`

`1.3   Elect Director Elizabeth H. Gemmill       For       For        Management`

`1.4   Elect Director Paul R. Hertel, Jr.        For       For        Management`

`1.5   Elect Director James J. Maguire           For       For        Management`

`1.6   Elect Director James J. Maguire, Jr.      For       For        Management`

`1.7   Elect Director Michael J. Morris          For       For        Management`

`1.8   Elect Director Shaun F. O'Malley          For       For        Management`

`1.9   Elect Director Donald A. Pizer            For       For        Management`

`1.10  Elect Director Ronald R. Rock             For       For        Management`

`1.11  Elect Director Sean S. Sweeney            For       For        Management`

`2     Adopt Majority Voting for Uncontested     For       For        Management`

`Election of Directors`

`3     Increase Authorized Common Stock          For       For        Management`

`4     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`SALLY BEAUTY HOLDINGS, INC.`

`Ticker:       SBH            Security ID:  79546E104`

`Meeting Date: JAN 24, 2008   Meeting Type: Annual`

`Record Date:  NOV 28, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Kathleen J. Affeldt        For       For        Management`

`1.2   Elect Director Walter L. Metcalfe, Jr.    For       For        Management`

`1.3   Elect Director Edward W. Rabin            For       For        Management`

`1.4   Elect Director Gary G. Winterhalter       For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`SIX FLAGS, INC.`

`Ticker:       SIX            Security ID:  83001P109`

`Meeting Date: MAY 22, 2008   Meeting Type: Annual`

`Record Date:  MAR 31, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Charles Elliott Andrews   For       For        Management`

`1.2   Elect  Director Mark Jennings             For       For        Management`

`1.3   Elect  Director Jack Kemp                 For       For        Management`

`1.4   Elect  Director Robert McGuire            For       For        Management`

`1.5   Elect  Director Perry Rogers              For       For        Management`

`1.6   Elect  Director Dwight Schar              For       For        Management`

`1.7   Elect  Director Mark Shapiro              For       For        Management`

`1.8   Elect  Director Daniel M. Snyder          For       For        Management`

`1.9   Elect  Director Harvey Weinstein          For       Withhold   Management`

`2     Ratify Auditors                           For       For        Management`

`3     Approve Omnibus Stock Plan                For       For        Management`

`--------------------------------------------------------------------------------`

`STEPAN CO.`

`Ticker:       SCL            Security ID:  858586100`

`Meeting Date: APR 22, 2008   Meeting Type: Annual`

`Record Date:  FEB 22, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Thomas F. Grojean          For       For        Management`

`1.2   Elect Director F. Quinn Stepan, Jr.       For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`THERMO FISHER SCIENTIFIC INC.`

`Ticker:       TMO            Security ID:  883556102`

`Meeting Date: MAY 20, 2008   Meeting Type: Annual`

`Record Date:  MAR 28, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1     Elect Director Scott M. Sperling          For       For        Management`

`2     Elect Director Bruce L. Koepfgen          For       For        Management`

`3     Elect Director Michael E. Porter          For       For        Management`

`4     Approve Omnibus Stock Plan                For       For        Management`

`5     Approve Executive Incentive Bonus Plan    For       For        Management`

`6     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`TYCO ELECTRONICS LTD.`

`Ticker:       TEL            Security ID:  G9144P105`

`Meeting Date: MAR 10, 2008   Meeting Type: Annual`

`Record Date:  JAN 8, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Pierre R. Brondeau        For       For        Management`

`1.2   Elect  Director Ram Charan                For       For        Management`

`1.3   Elect  Director Juergen W. Gromer         For       For        Management`

`1.4   Elect  Director Robert M. Hernandez       For       For        Management`

`1.5   Elect  Director Thomas J. Lynch           For       For        Management`

`1.6   Elect  Director Daniel J. Phelan          For       For        Management`

`1.7   Elect  Director Frederic M. Poses         For       For        Management`

`1.8   Elect  Director Lawrence S. Smith         For       For        Management`

`1.9   Elect  Director Paula A. Sneed            For       For        Management`

`1.10  Elect  Director David P. Steiner          For       For        Management`

`1.11  Elect  Director Sandra S. Wijnberg        For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`UNITED STATIONERS INC.`

`Ticker:       USTR           Security ID:  913004107`

`Meeting Date: MAY 14, 2008   Meeting Type: Annual`

`Record Date:  MAR 17, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect  Director Richard W. Gochnauer      For       For        Management`

`1.2   Elect  Director Daniel J. Good            For       For        Management`

`1.3   Elect  Director Jean S. Blackwell         For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`VCA ANTECH, INC.`

`Ticker:       WOOF           Security ID:  918194101`

`Meeting Date: JUN 4, 2008    Meeting Type: Annual`

`Record Date:  APR 21, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director John B. Chickering, Jr.    For       For        Management`

`1.2   Elect Director John Heil                  For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`W.W. GRAINGER, INC.`

`Ticker:       GWW            Security ID:  384802104`

`Meeting Date: APR 30, 2008   Meeting Type: Annual`

`Record Date:  MAR 3, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director Brian P. Anderson          For       For        Management`

`1.2   Elect Director Wilbur H. Gantz            For       For        Management`

`1.3   Elect Director V. Ann Hailey              For       For        Management`

`1.4   Elect Director William K. Hall            For       For        Management`

`1.5   Elect Director Richard L. Keyser          For       For        Management`

`1.6   Elect Director Stuart L. Levenick         For       For        Management`

`1.7   Elect Director John W. McCarter, Jr.      For       For        Management`

`1.8   Elect Director Neil S. Novich             For       For        Management`

`1.9   Elect Director Michael J. Roberts         For       For        Management`

`1.10  Elect Director Gary L. Rogers             For       For        Management`

`1.11  Elect Director James T. Ryan              For       For        Management`

`1.12  Elect Director James D. Slavik            For       For        Management`

`1.13  Elect Director Harold B. Smith            For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`--------------------------------------------------------------------------------`

`WALGREEN CO.`

`Ticker:       WAG            Security ID:  931422109`

`Meeting Date: JAN 9, 2008    Meeting Type: Annual`

`Record Date:  NOV 12, 2007`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director William C. Foote           For       For        Management`

`1.2   Elect Director Alan G. McNally            For       For        Management`

`1.3   Elect Director Cordell Reed               For       For        Management`

`1.4   Elect Director Jeffrey A. Rein            For       For        Management`

`1.5   Elect Director Nancy M. Schlichting       For       For        Management`

`1.6   Elect Director David Y. Schwartz          For       For        Management`

`1.7   Elect Director Alejandro Silva            For       For        Management`

`1.8   Elect Director James A. Skinner           For       For        Management`

`1.9   Elect Director Marilou M. von Ferstel     For       For        Management`

`1.10  Elect Director Charles R. Walgreen III    For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Report on Charitable Contributions        Against   Against    Shareholder`

`4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder`

`Pill) to Shareholder Vote`

`5     Separate Chairman and CEO Positions       Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

`YUM BRANDS, INC.`

`Ticker:       YUM            Security ID:  988498101`

`Meeting Date: MAY 15, 2008   Meeting Type: Annual`

`Record Date:  MAR 17, 2008`

`#     Proposal                                  Mgt Rec   Vote Cast  Sponsor`

`1.1   Elect Director David W. Dorman            For       For        Management`

`1.2   Elect Director Massimo Ferragamo          For       For        Management`

`1.3   Elect Director J. David Grissom           For       For        Management`

`1.4   Elect Director Bonnie G. Hill             For       For        Management`

`1.5   Elect Director Robert Holland, Jr.        For       For        Management`

`1.6   Elect Director Kenneth G. Langone         For       For        Management`

`1.7   Elect Director Jonathan S. Linen          For       For        Management`

`1.8   Elect Director Thomas C. Nelson           For       For        Management`

`1.9   Elect Director David C. Novak             For       For        Management`

`1.10  Elect Director Thomas M. Ryan             For       For        Management`

`1.11  Elect Director Jing-Shyh S. Su            For       For        Management`

`1.12  Elect Director Jackie Trujillo            For       For        Management`

`1.13  Elect Director Robert D. Walter           For       For        Management`

`2     Ratify Auditors                           For       For        Management`

`3     Adopt Majority Voting for Uncontested     For       For        Management`

`Election of Directors`

`4     Amend Omnibus Stock Plan                  For       Against    Management`

`5     Adopt MacBride Principles                 Against   Against    Shareholder`

`6     Advisory Vote to Ratify Named Executive   Against   For        Shareholder`

`Officers' Compensation`

`7     Report on Sustainability and Food Safety  Against   For        Shareholder`

`in the Supply Chain`

`8     Report on Animal Welfare Policies         Against   Against    Shareholder`

`--------------------------------------------------------------------------------`

Any ballot marked
'Abstain' is considered to have been voted. Ballots marked 'Abstain' are
considered to be have been voted against management's recommendation, regardless
of whether the recommendation is 'For' or 'Against,' except where management has
made no recommendation or has recommended that shareholders
'Abstain.'Where management has recommended that shareholders 'Abstain'
from voting on a ballot item: 1) a ballot market 'Abstain' is considered to have
been voted for management's recommendation to 'Abstain' and 2) a ballot voted
'For" or 'Against' is considered to have been voted against management's
recommendation to 'Abstain.'Where management has made no recommendation
on a ballot item, the abbreviation "N/A" is used to denote that there is no
applicable recommendation compared to which a vote may be 'For' or 'Against' the
recommendation of management.

SIGNATURES

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

|(Registrant)                 | Nicholas Fund, Inc.                                
|---------------------------- | ---------------------------------------------------
|                             |                                                    
|By (Signature and
    Title) | /s/ Albert O. Nicholas                             
|                             | Albert O. Nicholas,
    Principal Executive Officer
|                             |                                                    
|Date                         | 08/25/2008                                         



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