UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

**FORM N-PX**

**ANNUAL REPORT OF PROXY VOTING RECORD OF**

**DWS Communications Fund, Inc.**

Investment Company Act file number  811-03883

DWS Communications Fund, Inc.

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154

(Address of principal executive offices)             (Zip code)

John Millette

Secretary

One Beacon Street

Boston, MA  02108-3106

(Name and address of agent for service)

Registrant's telephone number, including area code:  617-295-1000

Date of fiscal year end:  12/31

Date of reporting period:  7/1/07-6/30/08

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
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******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-03883
Reporting Period: 07/01/2007 - 06/30/2008
DWS Communications Fund, Inc.

========================= A    DWS COMMUNICATIONS FUND =========================

AMERICA MOVIL, S.A.B. DE C.V.

Ticker:       AMX            Security ID:  02364W105
Meeting Date: APR 29, 2008   Meeting Type: Special
Record Date:  MAR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPOINTMENT OR, AS THE CASE MAY BE,       For       For        Management
      REELECTION OF THE MEMBERS OF THE BOARD OF
      DIRECTORS OF THE COMPANY THAT THE HOLDERS
      OF THE SERIES  L  SHARES ARE ENTITLED TO
      APPOINT. ADOPTION OF RESOLUTIONS THEREON.
2     APPOINTMENT OF DELEGATES TO EXECUTE AND,  For       For        Management
      IF APPLICABLE, FORMALIZE THE RESOLUTIONS
      ADOPTED BY THE MEETING. ADOPTION OF
      RESOLUTIONS THEREON.

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AMERICAN TOWER CORP.

Ticker:       AMT            Security ID:  029912201
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  MAR 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Raymond P. Dolan           For       For        Management
1.2   Elect Director Ronald M. Dykes            For       For        Management
1.3   Elect Director Carolyn F. Katz            For       For        Management
1.4   Elect Director Gustavo Lara Cantu         For       For        Management
1.5   Elect Director JoAnn A. Reed              For       For        Management
1.6   Elect Director Pamela D.A. Reeve          For       For        Management
1.7   Elect Director David E. Sharbutt          For       For        Management
1.8   Elect Director James D. Taiclet, Jr.      For       For        Management
1.9   Elect Director Samme L. Thompson          For       For        Management
2     Ratify Auditors                           For       For        Management

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ATLANTIC TELE-NETWORK, INC.

Ticker:       ATNI           Security ID:  049079205
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  APR 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Martin L. Budd            For       For        Management
1.2   Elect  Director Thomas V. Cunningham      For       For        Management
1.3   Elect  Director Cornelius B. Prior, Jr.   For       For        Management
1.4   Elect  Director Michael T. Prior          For       For        Management
1.5   Elect  Director Charles J. Roesslein      For       For        Management
1.6   Elect  Director Brian A. Schuchman        For       For        Management
1.7   Elect  Director Henry U. Wheatley         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management

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CBEYOND, INC

Ticker:       CBEY           Security ID:  149847105
Meeting Date: JUN 13, 2008   Meeting Type: Annual
Record Date:  APR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James F. Geiger            For       For        Management
1.2   Elect Director Douglas C. Grissom         For       For        Management
1.3   Elect Director David A. Rogan             For       For        Management
2     Ratify Auditors                           For       For        Management

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CHUNGHWA TELECOM CO. LTD.

Ticker:       CHT            Security ID:  17133Q304
Meeting Date: JUN 19, 2008   Meeting Type: Annual
Record Date:  MAY 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     ISSUES TO BE APPROVED BY SHAREHOLDERS: TO For       For        Management
      ACCEPT 2007 BUSINESS REPORT AND FINANCIAL
      STATEMENTS.
2     ISSUES TO BE APPROVED BY SHAREHOLDERS: TO For       For        Management
      APPROVE THE PROPOSAL FOR DISTRIBUTION OF
      2007 EARNINGS.
3     ISSUES TO BE DISCUSSED: TO REVISE THE     For       For        Management
      ARTICLES OF INCORPORATION.
4     ISSUES TO BE DISCUSSED: TO APPROVE THE    For       For        Management
      PROPOSAL FOR ISSUANCE OF NEW SHARES.
5     ISSUES TO BE DISCUSSED: TO REVISE THE     For       For        Management
      PROCEDURES FOR ACQUISITIONS OR DISPOSAL
      OF ASSETS.

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CLEARWIRE CORP

Ticker:       CLWR           Security ID:  185385309
Meeting Date: JUN 20, 2008   Meeting Type: Annual
Record Date:  APR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Craig O. McCaw             For       For        Management
1.2   Elect Director Benjamin G. Wolff          For       For        Management
1.3   Elect Director Peter L.S. Currie          For       For        Management
1.4   Elect Director Richard P. Emerson         For       For        Management
1.5   Elect Director Nicolas Kauser             For       For        Management
1.6   Elect Director David Perlmutter           For       For        Management
1.7   Elect Director Michael J. Sabia           For       For        Management
1.8   Elect Director R. Gerard Salemme          For       For        Management
1.9   Elect Director Stuart M. Sloan            For       For        Management
1.10  Elect Director Michelangelo A. Volpi      For       For        Management
2     Ratify Auditors                           For       For        Management

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COMSTAR UNITED TELESYSTEMS

Ticker:                      Security ID:  47972P208
Meeting Date: JUN 30, 2008   Meeting Type: Written Consent
Record Date:  MAY 27, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report and Financial       For       For        Management
      Statements
2     Approve Allocation of Income              For       For        Management
3     Approve Dividends of RUB 0.15 per Common  For       For        Management
      Share
4.1   Elect Anatoly Akimenko as Director        None      Against    Management
4.2   Elect Anna Goldin as Director             None      Against    Management
4.3   Elect Jan Dauman as Director              None      Against    Management
4.4   Elect Sergey Drozdov as Director          None      Against    Management
4.5   Elect Andrey Matyukhov as Director        None      Against    Management
4.6   Elect Sergey Pridantsev as Director       None      Against    Management
4.7   Elect Yngve Redling as Director           None      For        Management
4.8   Elect Vitaly Savelyev as Director         None      Against    Management
4.9   Elect Dmitry Ustinov as Director          None      Against    Management
5.1   Elect Igor Potapenko to Audit Commission  For       For        Management
5.2   Elect Natalya Motalova to Audit           For       For        Management
      Commission
5.3   Elect Vasily Platoshin to Audit           For       For        Management
      Commission
6     Ratify CJSC Deloitte and Touche CIS as    For       For        Management
      Auditor
7     Amend Stock Option Plan                   For       Against    Management
8     Amend Charter                             For       For        Management

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

DEUTSCHE TELEKOM AG

Ticker:       DTLSF          Security ID:  D2035M136
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2007
      (Non-Voting)
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.78 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2007
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2007
5     Ratify PricewaterhouseCoopers AG and      For       For        Management
      Ernst & Young AG as Auditors for Fiscal
      2008
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares
7     Elect Ulrich Lehner to the Supervisory    For       For        Management
      Board
8     Elect Hans Bury to the Supervisory Board  For       For        Management
9     Approve Affiliation Agreement with        For       For        Management
      Subsidiary Lambda
      Telekommunikationsdienste GmbH
10    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Omikron
      Telekommunikationsdienste GmbH
11    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Theta
      Telekommunikationsdienste GmbH
12    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Eta Telekommunikationsdienste
      GmbH
13    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Epsilon
      Telekommunikationsdienste GmbH
14    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Omega
      Telekommunikationsdienste GmbH
15    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Sigma
      Telekommunikationsdienste GmbH
16    Approve Affiliation Agreement with        For       For        Management
      Subsidiary Kappa
      Telekommunikationsdienste GmbH
17    Amend Articles Re: Remuneration Policy    For       For        Management
      for Nominating Committee

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

FIRST MARBLEHEAD CORP.

Ticker:       FMD            Security ID:  320771108
Meeting Date: NOV 8, 2007    Meeting Type: Annual
Record Date:  SEP 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Leslie L. Alexander        For       For        Management
1.2   Elect Director Stephen E. Anbinder        For       For        Management
1.3   Elect Director William R. Berkley         For       For        Management
1.4   Elect Director Dort A. Cameron III        For       For        Management
1.5   Elect Director George G. Daly             For       For        Management
1.6   Elect Director Peter S. Drotch            For       For        Management
1.7   Elect Director William D. Hansen          For       For        Management
1.8   Elect Director Jack L. Kopnisky           For       For        Management
1.9   Elect Director Peter B. Tarr              For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Ratify Auditors                           For       For        Management

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

HELLENIC TELECOMMUNICATION ORGANIZATION

Ticker:       HLTOF          Security ID:  X3258B102
Meeting Date: JUN 26, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and Income   For       Did Not    Management
      Allocation                                          Vote
2     Approve Discharge of Board and Auditors   For       Did Not    Management
                                                          Vote
3     Approve Auditors and Fix Their            For       Did Not    Management
      Remuneration                                        Vote
4     Approve Director Remuneration             For       Did Not    Management
                                                          Vote
5     Approve Remuneration of Chairman and CEO  For       Did Not    Management
                                                          Vote
6     Approve Director Liability Agreements     For       Did Not    Management
                                                          Vote
7     Approve Related Party Transaction         For       Did Not    Management
                                                          Vote
8     Approve Stock Option Plan                 For       Did Not    Management
                                                          Vote
9     Elect Directors                           For       Did Not    Management
                                                          Vote

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

IHS INC.

Ticker:       IHS            Security ID:  451734107
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  MAR 5, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jerre L. Stead             For       For        Management
1.2   Elect Director C. Michael Armstrong       For       For        Management
1.3   Elect Director Balakrishnan S. Iyer       For       For        Management
1.4   Elect Director Brian H. Hall              For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management

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LEAP WIRELESS INTERNATIONAL, INC.

Ticker:       LEAP           Security ID:  521863308
Meeting Date: MAY 29, 2008   Meeting Type: Annual
Record Date:  MAR 31, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John D. Harkey, Jr.       For       For        Management
1.2   Elect  Director S. Douglas Hutcheson      For       For        Management
1.3   Elect  Director Robert V. LaPenta         For       For        Management
1.4   Elect  Director Mark H. Rachesky, M.D.    For       For        Management
1.5   Elect  Director Michael B. Targoff        For       For        Management
2     Ratify Auditors                           For       For        Management

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

LIBERTY MEDIA CORPORATION

Ticker:       LINTA          Security ID:  53071M104
Meeting Date: OCT 23, 2007   Meeting Type: Special
Record Date:  SEP 6, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Create Tracking Stock                     For       For        Management
2     Approve Dual Class Stock Recapitalization For       For        Management
3     Convert Common Stock into Tracking Stock  For       Against    Management
4     Approve Sale of Company Assets            For       Against    Management

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

LIBERTY MEDIA CORPORATION

Ticker:       LINTA          Security ID:  53071M302
Meeting Date: OCT 23, 2007   Meeting Type: Special
Record Date:  SEP 6, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Create Tracking Stock                     For       For        Management
2     Approve Dual Class Stock Recapitalization For       For        Management
3     Convert Common Stock into Tracking Stock  For       Against    Management
4     Approve Sale of Company Assets            For       Against    Management

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

LIQUIDITY SERVICES INC

Ticker:       LQDT           Security ID:  53635B107
Meeting Date: FEB 14, 2008   Meeting Type: Annual
Record Date:  DEC 17, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Phillip A. Clough          For       For        Management
1.2   Elect Director Jaime Mateus-Tique         For       For        Management
2     Ratify Auditors                           For       For        Management

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

MCGRAW-HILL COMPANIES, INC., THE

Ticker:       MHP            Security ID:  580645109
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:  MAR 11, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Winfried Bischoff          For       For        Management
1.2   Elect Director Douglas N. Daft            For       For        Management
1.3   Elect Director Linda Koch Lorimer         For       For        Management
1.4   Elect Director Harold McGraw III          For       For        Management
1.5   Elect Director Michael Rake               For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder
4     Reduce Supermajority Vote Requirement     Against   For        Shareholder

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

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

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

NEUSTAR, INC

Ticker:       NSR            Security ID:  64126X201
Meeting Date: JUL 9, 2007    Meeting Type: Annual
Record Date:  MAY 11, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jeffrey E. Ganek           For       For        Management
1.2   Elect Director Hellene S. Runtagh         For       For        Management
2     Ratify Auditors                           For       For        Management

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

NEUSTAR, INC

Ticker:       NSR            Security ID:  64126X201
Meeting Date: JUN 25, 2008   Meeting Type: Annual
Record Date:  APR 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James G. Cullen            For       For        Management
1.2   Elect Director Joel P. Friedman           For       For        Management
1.3   Elect Director Kenneth A. Pickar          For       For        Management
2     Ratify Auditors                           For       For        Management

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

NII HOLDINGS, INC.

Ticker:       NIHD           Security ID:  62913F201
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  APR 4, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Neal P. Goldman            For       For        Management
1.2   Elect Director Charles M. Herington       For       For        Management
1.3   Elect Director John W. Risner             For       For        Management
2     Ratify Auditors                           For       For        Management

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

PAGESJAUNES GROUPE

Ticker:                      Security ID:  F6954U126
Meeting Date: APR 29, 2008   Meeting Type: Annual/Special
Record Date:  APR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.96 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       Against    Management
      of Issued Share Capital
6     Ratify Appointment of Thomas Geitner as   For       Against    Management
      Director
7     Ratify Appointment of Nicolas Gheysens as For       Against    Management
      Director
8     Approve Transaction with Michel Datchary  For       For        Management
9     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 365,000
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

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

R.H. DONNELLEY CORP.

Ticker:       RHD            Security ID:  74955W307
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  MAR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Michael P. Connors         For       For        Management
2     Elect Director Thomas J. Reddin           For       For        Management
3     Elect Director David M. Veit              For       For        Management
4     Ratify Auditors                           For       For        Management
5     Approve Stock Option Exchange Program     For       Against    Management
6     Declassify the Board of Directors         Against   For        Shareholder
7     Declassify the Board of Directors         For       For        Management

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

SBA COMMUNICATIONS CORP.

Ticker:       SBAC           Security ID:  78388J106
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  MAR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven E. Bernstein        For       For        Management
1.2   Elect Director Duncan H. Cocroft          For       For        Management
2     Approve Qualified Employee Stock Purchase For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       Against    Management

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

SWISSCOM AG

Ticker:                      Security ID:  H8398N104
Meeting Date: APR 22, 2008   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 of CHF 20 per Share                       Vote
3     Approve Discharge of Board and Senior     For       Did Not    Management
      Management                                          Vote
4     Approve CHF 3.3 Million Reduction in      For       Did Not    Management
      Share Capital via Cancellation of 3.3               Vote
      Million Repurchased Shares
5.1   Amend Articles Re: Share Tranfer          For       Did Not    Management
      Restrictions                                        Vote
5.2   Amend Articles Re: Appointment of         For       Did Not    Management
      Directors by the Swiss Government                   Vote
5.3   Amend Articles Re: General Meeting,       For       Did Not    Management
      Publication of Annual Report, Auditors              Vote
5.4   Amend Articles Re: Composition of General For       Did Not    Management
      Management                                          Vote
6.1   Reelect Anton Scherrer as Director        For       Did Not    Management
                                                          Vote
6.2   Reelect Catherine Muehlemann as Director  For       Did Not    Management
                                                          Vote
6.3   Reelect Hugo Gerber as Director           For       Did Not    Management
                                                          Vote
7     Ratify KPMG AG as Auditors                For       Did Not    Management
                                                          Vote

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

TELE2 AB (FORMERLY NETCOM AB)

Ticker:                      Security ID:  W95878117
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     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(s) of Minutes of      For       For        Management
      Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      None       Management
      Statutory Reports
7     Approve Financial Statements and          For       For        Management
      Statutory Reports
8     Approve Allocation of Income and          For       For        Management
      Dividends of SEK 7.85 per Share
9     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 5 Million;
      Approve Remuneration of Auditors
12    Reelect Mia Brunell Livfors, Vigo         For       For        Management
      Carlund, John Hepburn, Mike Parton, John
      Shakeshaft, Cristina Stenbeck, and Pelle
      Toernberg as Directors; Elect Jere Calmes
      as New Director
13    Ratify Deloitte as Auditors               For       For        Management
14    Authorize Board Member Cristina Stenbeck  For       For        Management
      and Representatives of at Least Three of
      Company's Largest Shareholders to Serve
      on Nominating Committee
15    Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
16a   Approve Incentive Plan for Key Employees  For       For        Management
16b   Approve Issuance of 850,000 Class C       For       For        Management
      Shares to Nordea Bank
16c   Authorize Repurchase of Class C Shares    For       For        Management
16d   Authorize Reissuance of Shares Converted  For       For        Management
      from Class C to Class B
17    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
18    Close Meeting                             None      None       Management

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

TELECOM ITALIA SPA.( FORMERLY OLIVETTI SPA )

Ticker:       TIAOF          Security ID:  T92778108
Meeting Date: APR 14, 2008   Meeting Type: Special
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 9 (Board of Directors), 17 For       Did Not    Management
      (Board of Internal Statutory Auditors),             Vote
      and 18 (Shareholders' Meetings) of the
      Company Bylaws

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

TELECOM ITALIA SPA.( FORMERLY OLIVETTI SPA )

Ticker:       TIAOF          Security ID:  T92778108
Meeting Date: APR 14, 2008   Meeting Type: Annual
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements as of Dec.    For       Did Not    Management
      31, 2007                                            Vote
2.1   Elect Directors - Slate 1                 For       Did Not    Management
                                                          Vote
2.2   Elect Directors - Slate 2                 For       Did Not    Management
                                                          Vote
2.3   Elect Directors - Slate 3                 For       Did Not    Management
                                                          Vote
3     Approve Stock Option Plan for Top         For       Did Not    Management
      Management of Telecom Italia SpA;                   Vote
      Authorize Share Repurchase Program and
      Reissuance of Repurchased Shares

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

TELEFONICA S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)

Ticker:       TEF            Security ID:  879382109
Meeting Date: APR 21, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       For        Management
      Financial Statements, Allocation of
      Income, and Discharge Directors
2.1   Reelect Jose Fernando de Almansa          For       For        Management
      Morreno-Barreda to the Board
2.2   Elect Jose Maria Abril Perez to the Board For       For        Management
2.3   Elect Francisco Javier de Paz Mancho to   For       For        Management
      the Board
2.4   Elect Maria Eva Castillo Sanz to the      For       For        Management
      Board
2.5   Elect Luis Fernando Furlan to the Board   For       For        Management
3     Authorize Repurchase of Shares            For       For        Management
4     Approve Reduction in Capital via the      For       For        Management
      Cancellation of Treasury Shares; Amend
      Articles Accordingly
5     Ratify Auditors for 2008                  For       For        Management
6     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions

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

TELEKOM AUSTRIA AG

Ticker:                      Security ID:  A8502A102
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports for Fiscal 2007                   Vote
      (Non-Voting)
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management and       For       Did Not    Management
      Supervisory Board for Fiscal 2007                   Vote
4     Approve Remuneration of Supervisory Board For       Did Not    Management
      Members for Fiscal 2007                             Vote
5a    Reelect Peter Michaelis as Supervisory    For       Did Not    Management
      Board Member                                        Vote
5b    Reelect Edith Hlawati as Supervisory      For       Did Not    Management
      Board Member                                        Vote
5c    Reelect Stephan Koren as Supervisory      For       Did Not    Management
      Board Member                                        Vote
5d    Reelect Wilfred Stadler as Supervisory    For       Did Not    Management
      Board Member                                        Vote
5e    Reelect Harald Stoeber as Supervisory     For       Did Not    Management
      Board Member                                        Vote
5f    Reelect Rainer Wieltsch as Supervisory    For       Did Not    Management
      Board Member                                        Vote
5g    Elect New Supervisory Board Member        For       Did Not    Management
      Nominated by Oesterreichische                       Vote
      Industrie-Holding AG
5h    Elect New Supervisory Board Member        For       Did Not    Management
      Nominated by Oesterreichische                       Vote
      Industrie-Holding AG
6     Ratify Auditors                           For       Did Not    Management
                                                          Vote
7     Receive Report on Share Repurchase        None      Did Not    Management
      Program (Non-Voting)                                Vote
8     Authorize Share Repurchase Program;       For       Did Not    Management
      Authorize Use of Repurchased Shares for             Vote
      Stock Option Plan, Settlement of
      Convertible Bonds, Acquisitions, and
      Other Purposes; Approve EUR 100.3 Million
      Reduction in Share Capital via
      Cancellation of Repurchased Shares

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

TELEKOMUNIKACJA POLSKA S.A.

Ticker:                      Security ID:  X6669J101
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  APR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Elect Members of Vote Counting Commission For       Did Not    Management
                                                          Vote
6.1   Receive Financial Statements and          None      Did Not    Management
      Management Board Report on Company's                Vote
      Operations in Fiscal 2007
6.2   Receive Management Board Proposal         None      Did Not    Management
      Regarding Allocation of Company's 2007              Vote
      Income, Including Dividend Payout
6.3   Receive Supervisory Board Report on       None      Did Not    Management
      Management Board Report on Company's                Vote
      Operations in Fiscal 2007, Financial
      Statements, and Management Board Proposal
      Regarding Allocation of Company's 2007
      Income
6.4   Receive Consolidated Financial Statements None      Did Not    Management
      and Management Board Report on Group's              Vote
      Operations in Fiscal 2007
6.5   Receive Supervisory Board Report on       None      Did Not    Management
      Management Board Report on Group's                  Vote
      Operations in Fiscal 2007 and
      Consolidated Financial Statements
6.6   Receive Supervisory Board's Evaluation of None      Did Not    Management
      Company's Standing in Fiscal 2007 and               Vote
      Report on Supervisory Board's Activities
      in Fiscal 2007
7.1   Approve Management Board Report on        For       Did Not    Management
      Company's Operations in Fiscal 2007                 Vote
7.2   Approve Financial Statements              For       Did Not    Management
                                                          Vote
7.3   Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
7.4   Approve Allocation of Income from         For       Did Not    Management
      Previous Years                                      Vote
7.5   Approve Management Board Report on        For       Did Not    Management
      Group's Operations in Fiscal 2007                   Vote
7.6   Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
7.7   Approve Discharge of Management and       For       Did Not    Management
      Supervisory Boards                                  Vote
8     Authorize Share Repurchase Program        For       Did Not    Management
                                                          Vote
9     Amend Regulations on General Meetings     For       Did Not    Management
                                                          Vote
10    Approve Changes to Composition of         For       Did Not    Management
      Supervisory Board                                   Vote
11    Close Meeting                             None      Did Not    Management
                                                          Vote

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

TRIPLE CROWN MEDIA, INC.

Ticker:       TCMI           Security ID:  89675K102
Meeting Date: NOV 28, 2007   Meeting Type: Annual
Record Date:  OCT 15, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert S. Prather, Jr.    For       For        Management
1.2   Elect  Director Gerald N. Agranoff        For       For        Management
1.3   Elect  Director James W. Busby            For       For        Management
1.4   Elect  Director Hilton H. Howell, Jr.     For       For        Management
1.5   Elect  Director Monte C. Johnson          For       For        Management
1.6   Elect  Director G.E. "Nick" Nicholson     For       For        Management
1.7   Elect  Director Thomas J. Stultz          For       For        Management
2     Ratify Auditors                           For       For        Management

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

VIMPEL COMMUNICATIONS OJSC

Ticker:       VIP            Security ID:  68370R109
Meeting Date: JUN 9, 2008    Meeting Type: Proxy Contest
Record Date:  APR 30, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of RUB 270.01 per Ordinary
      Share and RUB 0.01 per Preferred Share
4     Elect Alexander Gersh, Halvor Bru, and    For       For        Management
      Nigel Robinson as Members of Audit
      Commission
5     Ratify Ernst & Young (CIS) Ltd. and       For       For        Management
      Rosexpertiza LLC as Auditors
6     Amend Terms of Phantom ADS Plan for       For       For        Management
      Company's Non-executive Directors
7     Approve Reorganization of Company via     For       For        Management
      Merger with Seven Subsidiaries
8     Amend Charter Re: Reorganization of       For       For        Management
      Company Proposed under Item 7
1     Elect David Haines as Director            None      For        Management
2     Elect Mikhail Fridman as Director         None      Against    Management
3     Elect Kjell Johnsen as Director           None      Against    Management
4     Elect Hans Kohlhammer as Director         None      For        Management
5     Elect Jo Lunder as Director               None      Against    Management
6     Elect Oleg Malis as Director              None      Against    Management
7     Elect Leonid Novoselsky as Director       None      For        Management
8     Elect Alexey Reznikovich as Director      None      Against    Management
9     Elect Ole Sjulstad as Director            None      Against    Management
10    Elect Jan Thygesen as Director            None      Against    Management
1     Approve Annual Report                     For       Did Not    Management
                                                          Vote
2     Approve Financial Statements              For       Did Not    Management
                                                          Vote
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends of RUB 270.01 per Ordinary                Vote
      Share and RUB 0.01 per Preferred Share
4     Election of Audit Commission              For       Did Not    Management
                                                          Vote
5     Approval of External Auditors             For       Did Not    Management
                                                          Vote
6     Approval of a Change in the Compensation  For       Did Not    Management
      of the Members of the Board of Directors            Vote
7     Approve Reorganization of Company via     For       Did Not    Management
      Merger with Seven Subsidiaries                      Vote
8     Amend Charter Re: Reorganization of       For       Did Not    Management
      Company Proposed under Item 7                       Vote
1     Elect Jo Lunder as Director               None      Did Not    Management
                                                          Vote
2     Elect Hans Peter Kohlhammer as Director   None      Did Not    Management
                                                          Vote

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

VIRGIN MOBILE USA

Ticker:       VM             Security ID:  92769R108
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Daniel H. Schulman         For       For        Management
1.2   Elect Director Thomas O. Ryder            For       For        Management
1.3   Elect Director Frances Brandon-Farrow     For       For        Management
1.4   Elect Director L. Kevin Cox               For       For        Management
1.5   Elect Director Douglas B. Lynn            For       For        Management
1.6   Elect Director Mark Poole                 For       For        Management
1.7   Elect Director Robert Samuelson           For       For        Management
1.8   Elect Director Kenneth T. Stevens         For       For        Management
2     Ratify Auditors                           For       For        Management

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

VIVENDI

Ticker:       VIV            Security ID:  F97982106
Meeting Date: APR 24, 2008   Meeting Type: Annual/Special
Record Date:  APR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.30 per Share
5     Reelect Jean-Rene Fourtou as Supervisory  For       For        Management
      Board Member
6     Reelect Claude Bebear as Supervisory      For       For        Management
      Board Member
7     Reelect Gerard Bremond as Supervisory     For       For        Management
      Board Member
8     Reelect Mehdi Dazi as Supervisory Board   For       For        Management
      Member
9     Reelect Henri Lachmann as Supervisory     For       For        Management
      Board Member
10    Reelect Pierre Rodocanachi as Supervisory For       For        Management
      Board Member
11    Reelect Karel Van Miert as Supervisory    For       For        Management
      Board Member
12    Reelect Jean-Yves Charlier as Supervisory For       For        Management
      Board Member
13    Reelect Philippe Donnet as Supervisory    For       For        Management
      Board Member
14    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 1.5 Million
15    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Approve Stock Option Plans Grants         For       Against    Management
18    Authorize up to 0.5 Percent of Issued     For       Against    Management
      Capital for Use in Restricted Stock Plan
19    Approve Employee Stock Purchase Plan      For       For        Management
20    Approve Stock Purchase Plan Reserved for  For       For        Management
      International Employees
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities

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

YELL GROUP PLC

Ticker:                      Security ID:  G9835W104
Meeting Date: JUL 19, 2007   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 11.4 Pence Per  For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Re-elect John Condron as Director         For       For        Management
5     Re-elect John Davis as Director           For       For        Management
6     Re-elect Lyndon Lea as Director           For       For        Management
7     Re-elect Lord Powell of Bayswater as      For       For        Management
      Director
8     Re-elect Robert Scott as Director         For       For        Management
9     Re-elect John Coghlan as Director         For       For        Management
10    Re-elect Joachim Eberhardt as Director    For       For        Management
11    Re-elect Richard Hooper as Director       For       For        Management
12    Elect Tim Bunting as Director             For       For        Management
13    Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
14    Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
15    Approve Increase in Authorised Capital    For       For        Management
      from GBP 9,363,200 to GBP 10,403,200
16    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,597,497.93 if Resolution 15 is
      Passed or GBP 1,569,926.88 if Resolution
      15 is Not Passed
17    Authorise the Company and Yell Limited to For       For        Management
      Each Make EU Political Organisation
      Donations up to GBP 100,000 and to Incur
      EU Political Expenditure up to GBP
      100,000
18    Adopt New Articles of Association         For       For        Management
19    Subject to the Passing of Resolution 16,  For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 389,663
20    Authorise 77,932,731 Ordinary Shares for  For       For        Management
      Market Purchase

========== END NPX REPORT
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