UNITED STATES
         SECURITIES AND EXCHANGE COMMISSION
                Washington, D.C. 20549

                      FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
            MANAGEMENT INVESTMENT COMPANY

Investment Company Act File number: 811-02679

		 DAVIS SERIES, INC.
__________________________________________________________
     (Exact name of registrant as specified in charter)


DAVIS SERIES, INC.
2949 East Elvira Road, Suite 101
Tucson, Arizona 85756
__________________________________________________________
(Address of principal executive offices)	(Zip code)

Registrant's telephone number, including area code:

(800) 279-2279

Date of fiscal year end: 12/31

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

			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.

Davis Series, Inc.
___________________________________________________________
                       (Registrant)


Person signing this Report on Behalf of reporting Registrant:

Name:     Kenneth C Eich
Title:    Principal Executive Officer
Phone:    (520) 806-7600
Signature, Place, and Date of Signing:
Kenneth C Eich, Arizona  August 28, 2008

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

ICA File Number: 811-02679
Reporting Period: 07/01/2007 - 06/30/2008
Davis Series, Inc.


======================= DAVIS APPRECIATION & INCOME FUND =======================


AES CORP., THE

Ticker:       AES            Security ID:  00130H105
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  MAR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Paul Hanrahan              For       For        Management
1.2   Elect Director Kristina M. Johnson        For       For        Management
1.3   Elect Director John A. Koskinen           For       Withhold   Management
1.4   Elect Director Philip Lader               For       For        Management
1.5   Elect Director Sandra O. Moose            For       For        Management
1.6   Elect Director Philip A. Odeen            For       For        Management
1.7   Elect Director Charles O. Rossotti        For       Withhold   Management
1.8   Elect Director Sven Sandstrom             For       Withhold   Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael A. Callen          For       For        Management
1.2   Elect Director Jill M. Considine          For       For        Management
1.3   Elect Director Philip N. Duff             For       For        Management
1.4   Elect Director Thomas C. Theobald         For       For        Management
1.5   Elect Director Laura S. Unger             For       For        Management
1.6   Elect Director Henry D.G. Wallace         For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     Ratify Auditors                           For       For        Management


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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       Withhold   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 Merger or consolidation		For       For        Management
5     Reduce Supermajority Vote Requirement
	for Sale, lease, exchange or other
	disposition of all or substantially
	all of the Company's assets outside
	the ordinary course of business		For       For        Management
6     Reduce Supermajority Vote Requirement
	for Plan for the exchange of shares	For       For        Management
7     Reduce Supermajority Vote Requirement
	for Authorization of dissolution	For       For        Management
8     Provide for Cumulative Voting             Against   Against    Shareholder


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AMERICAN INTERNATIONAL GROUP, INC.

Ticker:       AIG            Security ID:  026874107
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Stephen F. Bollenbach      For       For        Management
2     Elect Director Martin S. Feldstein        For       For        Management
3     Elect Director Ellen V. Futter            For       For        Management
4     Elect Director Richard C. Holbrooke       For       Against    Management
5     Elect Director Fred H. Langhammer         For       For        Management
6     Elect Director George L. Miles, Jr.       For       For        Management
7     Elect Director Morris W. Offit            For       For        Management
8     Elect Director James F. Orr, III          For       Against    Management
9     Elect Director Virginia M. Rometty        For       For        Management
10    Elect Director Martin J. Sullivan         For       For        Management
11    Elect Director Michael H. Sutton          For       For        Management
12    Elect Director Edmund S.W. Tse            For       For        Management
13    Elect Director Robert B. Willumstad       For       For        Management
14    Ratify Auditors                           For       For        Management
15    Report on Human Rights Policies Relating  Against   Against    Shareholder
      to Water Use
16    Report on Political Contributions         Against   Against    Shareholder


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

AUTOZONE, INC.

Ticker:       AZO            Security ID:  053332102
Meeting Date: DEC 12, 2007   Meeting Type: Annual
Record Date:  OCT 15, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Charles M. Elson           For       For        Management
1.2   Elect Director Sue E. Gove                For       For        Management
1.3   Elect Director Earl G. Graves, Jr.        For       For        Management
1.4   Elect Director N. Gerry House             For       For        Management
1.5   Elect Director J.R. Hyde, III             For       For        Management
1.6   Elect Director W. Andrew McKenna          For       For        Management
1.7   Elect Director George R. Mrkonic, Jr.     For       For        Management
1.8   Elect Director William C. Rhodes, III     For       For        Management
1.9   Elect Director Theodore W. Ullyot         For       For        Management
2     Ratify Auditors                           For       For        Management


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AVON PRODUCTS, INC.

Ticker:       AVP            Security ID:  054303102
Meeting Date: MAY 1, 2008    Meeting Type: Annual
Record Date:  MAR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director W. Don Cornwell            For       For        Management
1.2   Elect Director Edward T. Fogarty          For       For        Management
1.3   Elect Director Fred Hassan                For       For        Management
1.4   Elect Director Andrea Jung                For       For        Management
1.5   Elect Director Maria Elena Lagomasino     For       For        Management
1.6   Elect Director Ann S. Moore               For       For        Management
1.7   Elect Director Paul S. Pressler           For       For        Management
1.8   Elect Director Gary M. Rodkin             For       For        Management
1.9   Elect Director Paula Stern                For       For        Management
1.10  Elect Director Lawrence A. Weinbach       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Report on Nanomaterial Product Safety     Against   Against    Shareholder


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

COCA-COLA COMPANY, THE

Ticker:       KO             Security ID:  191216100
Meeting Date: APR 16, 2008   Meeting Type: Annual
Record Date:  FEB 22, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Herbert A. Allen           For       For        Management
2     Elect Director Ronald W. Allen            For       For        Management
3     Elect Director Cathleen P. Black          For       For        Management
4     Elect Director Barry Diller               For       For        Management
5     Elect Director Alexis M. Herman           For       For        Management
6     Elect Director E. Neville Isdell          For       For        Management
7     Elect Director Muhtar Kent                For       For        Management
8     Elect Director Donald R. Keough           For       For        Management
9     Elect Director Donald F. McHenry          For       For        Management
10    Elect Director Sam Nunn                   For       For        Management
11    Elect Director James D. Robinson III      For       For        Management
12    Elect Director Peter V. Ueberroth         For       For        Management
13    Elect Director Jacob Wallenberg           For       For        Management
14    Elect Director James B. Williams          For       For        Management
15    Ratify Auditors                           For       For        Management
16    Approve Stock Option Plan                 For       For        Management
17    Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
18    Require Independent Board Chairman        Against   Against    Shareholder
19    Amend Bylaws to Establish a Board         Against   Against    Shareholder
      Committee on Human Rights


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

COSTCO WHOLESALE CORPORATION

Ticker:       COST           Security ID:  22160K105
Meeting Date: JAN 29, 2008   Meeting Type: Annual
Record Date:  NOV 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Susan L. Decker            For       For        Management
1.2   Elect Director Richard D. Dicerchio       For       For        Management
1.3   Elect Director Richard M. Libenson        For       For        Management
1.4   Elect Director John W. Meisenbach         For       For        Management
1.5   Elect Director Charles T. Munger          For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

DIGITAL REALTY TRUST INC.

Ticker:       DLR            Security ID:  253868608
Meeting Date: MAY 5, 2008    Meeting Type: Annual
Record Date:  MAR 6, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard A. Magnuson        For       For        Management
1.2   Elect Director Michael F. Foust           For       For        Management
1.3   Elect Director Laurence A. Chapman        For       For        Management
1.4   Elect Director Kathleen Earley            For       For        Management
1.5   Elect Director Ruann F. Ernst, Ph.D.      For       For        Management
1.6   Elect Director Dennis E. Singleton        For       For        Management
2     Ratify Auditors                           For       For        Management


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FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC.

Ticker:       FCS            Security ID:  303726103
Meeting Date: MAY 7, 2008    Meeting Type: Annual
Record Date:  MAR 12, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Charles P. Carinalli       For       For        Management
1.2   Elect Director Robert F. Friel            For       For        Management
1.3   Elect Director Thomas L. Magnanti         For       For        Management
1.4   Elect Director Kevin J. McGarity          For       For        Management
1.5   Elect Director Bryan R. Roub              For       For        Management
1.6   Elect Director Ronald W. Shelly           For       For        Management
1.7   Elect Director Mark S. Thompson           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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FOREST CITY ENTERPRISES, INC.

Ticker:       FCE.A          Security ID:  345550107
Meeting Date: JUN 19, 2008   Meeting Type: Annual
Record Date:  APR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael P. Esposito, Jr    For       For        Management
1.2   Elect Director Joan K. Shafran            For       For        Management
1.3   Elect Director Louis Stokes               For       For        Management
1.4   Elect Director Stan Ross                  For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Executive Short-Term Incentive Plan For       For        Management
4     Amend Executive Long-Term Incentive Plan  For       For        Management
5     Ratify Auditors                           For       For        Management


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

GENERAL ELECTRIC CO.

Ticker:       GE             Security ID:  369604103
Meeting Date: APR 23, 2008   Meeting Type: Annual
Record Date:  FEB 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director James I. Cash, Jr.         For       For        Management
2     Elect Director William M. Castell         For       For        Management
3     Elect Director Ann M. Fudge               For       For        Management
4     Elect Director Claudio X. Gonzalez        For       For        Management
5     Elect Director Susan Hockfield            For       For        Management
6     Elect Director Jeffrey R. Immelt          For       For        Management
7     Elect Director Andrea Jung                For       For        Management
8     Elect Director Alan G. Lafley             For       For        Management
9     Elect Director Robert W. Lane             For       For        Management
10    Elect Director Ralph S. Larsen            For       For        Management
11    Elect Director Rochelle B. Lazarus        For       For        Management
12    Elect Director James J. Mulva             For       For        Management
13    Elect Director Sam Nunn                   For       For        Management
14    Elect Director Roger S. Penske            For       For        Management
15    Elect Director Robert J. Swieringa        For       For        Management
16    Elect Director Douglas A. Warner III      For       For        Management
17    Ratify Auditors                           For       For        Management
18    Provide for Cumulative Voting             Against   Against    Shareholder
19    Require Independent Board Chairman        Against   Against    Shareholder
20    Claw-back of Payments under Restatements  Against   Against    Shareholder
21    Adopt Policy on Overboarded Directors     Against   Against    Shareholder
22    Report on Charitable Contributions        Against   Against    Shareholder
23    Report on Global Warming                  Against   Against    Shareholder
24    Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation


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

GENERAL GROWTH PROPERTIES, INC.

Ticker:       GGP            Security ID:  370021107
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Matthew Bucksbaum          For       For        Management
1.2   Elect Director Bernard Freibaum           For       For        Management
1.3   Elect Director Beth Stewart               For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

J. C. PENNEY CO., INC (HLDG CO)

Ticker:       JCP            Security ID:  708160106
Meeting Date: MAY 16, 2008   Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Colleen C. Barrett         For       For        Management
2     Elect Director M. Anthony Burns           For       For        Management
3     Elect Director Maxine K. Clark            For       For        Management
4     Elect Director Thomas J. Engibous         For       For        Management
5     Elect Director Kent B. Foster             For       For        Management
6     Elect Director Ken C. Hicks               For       For        Management
7     Elect Director Leonard H. Roberts         For       For        Management
8     Elect Director Javier G. Teruel           For       For        Management
9     Elect Director Myron E. Ullman, III       For       For        Management
10    Ratify Auditors                           For       For        Management
11    Submit Severance Agreement (Change in     Against   Against    Shareholder
      Control) to shareholder Vote


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

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   Against    Shareholder
      of Directors
13    Pay For Superior Performance              Against   Against    Shareholder


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

MASCO CORPORATION

Ticker:       MAS            Security ID:  574599106
Meeting Date: MAY 13, 2008   Meeting Type: Annual
Record Date:  MAR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Verne G. Istock            For       Against    Management
2     Elect Director David L. Johnston          For       Against    Management
3     Elect Director J. Michael Losh            For       Against    Management
4     Elect Director Timothy Wadhams            For       For        Management
5     Ratify Auditors                           For       For        Management


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MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  FEB 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Carol T. Christ            For       Did Not    Management
							  Vote
2     Elect Director Armando M. Codina          For       Did Not    Management
							  Vote
3     Elect Director Judith Mayhew Jonas        For       Did Not    Management
							  Vote
4     Elect Director John A. Thain              For       Did Not    Management
							  Vote
5     Ratify Auditors                           For       Did Not    Management
							  Vote
6     Provide for Cumulative Voting             Against   Did Not    Shareholder
							  Vote
7     Compensation- Miscellaneous Company       Against   Did Not    Shareholder
      Specific--Prohibiting Executive Officer             Vote
      Stock Sales during Buyback
8     Advisory Vote to Ratify Named Executive   Against   Did Not    Shareholder
      Officers' Compensation                              Vote
9     Adopt Employment Contract                 Against   Did Not    Shareholder
							  Vote

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

NABORS INDUSTRIES, LTD.

Ticker:       NBR            Security ID:  G6359F103
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 4, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Anthony G. Petrello       For       For        Management
1.2   Elect  Director Myron M. Sheinfeld        For       Against    Management
1.3   Elect  Director Martin J. Whitman         For       Against    Management
2     Ratify Auditors                           For       For        Management
3     SHAREHOLDER PROPOSAL TO ADOPT A PAY FOR   Against   Against    Shareholder
      SUPERIOR PERFORMANCE STANDARD IN THE
      COMPANY S EXECUTIVE COMPENSATION PLAN FOR
      SENIOR EXECUTIVES.
4     SHAREHOLDER PROPOSAL REGARDING GROSS-UP   Against   Against    Shareholder
      PAYMENTS TO SENIOR EXECUTIVES.


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

NEWS CORPORATION CLASS B

Ticker:       NWS            Security ID:  65248E203
Meeting Date: OCT 19, 2007   Meeting Type: Annual
Record Date:  AUG 28, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director K. Rupert Murdoch          For       For        Management
1.2   Elect Director Peter L. Barnes            For       For        Management
1.3   Elect Director Kenneth E. Cowley          For       For        Management
1.4   Elect Director David F. DeVoe             For       For        Management
1.5   Elect Director Viet Dinh                  For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder
4     Company Specific-Governance Related-      Against   Against    Shareholder
      Eliminate Company's Dual Class Capital
      Structure


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

PROLOGIS

Ticker:       PLD            Security ID:  743410102
Meeting Date: MAY 9, 2008    Meeting Type: Annual
Record Date:  MAR 13, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stephen L. Feinberg        For       For        Management
1.2   Elect Director George L. Fotiades         For       For        Management
1.3   Elect Director Christine N. Garvey        For       For        Management
1.4   Elect Director Lawrence V. Jackson        For       For        Management
1.5   Elect Director Donald P. Jacobs           For       For        Management
1.6   Elect Director Jeffrey H. Schwartz        For       For        Management
1.7   Elect Director D. Michael Steuert         For       For        Management
1.8   Elect Director J. Andre Teixeira          For       For        Management
1.9   Elect Director William D. Zollars         For       For        Management
1.10  Elect Director Andrea M. Zulberti         For       For        Management
2     Ratify Auditors                           For       For        Management


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

QUANTA SERVICES, INC.

Ticker:       PWR            Security ID:  74762E102
Meeting Date: AUG 30, 2007   Meeting Type: Special
Record Date:  JUL 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

QUANTA SERVICES, INC.

Ticker:       PWR            Security ID:  74762E102
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James R. Ball              For       For        Management
1.2   Elect Director John R. Colson             For       For        Management
1.3   Elect Director J. Michal Conaway          For       For        Management
1.4   Elect Director Ralph R. Disibio           For       For        Management
1.5   Elect Director Bernard Fried              For       For        Management
1.6   Elect Director Louis C. Golm              For       For        Management
1.7   Elect Director Worthing F. Jackman        For       For        Management
1.8   Elect Director Bruce Ranck                For       For        Management
1.9   Elect Director John R. Wilson             For       For        Management
1.10  Elect Director Pat Wood, III              For       For        Management
2     Ratify Auditors                           For       For        Management


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SAP AG

Ticker:       SAP            Security ID:  803054204
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     RESOLUTION ON THE APPROPRIATION OF THE    For       For        Management
      RETAINED EARNINGS OF THE FISCAL YEAR 2007
2     RESOLUTION ON THE FORMAL APPROVAL OF THE  For       For        Management
      ACTS OF THE EXECUTIVE BOARD IN THE FISCAL
      YEAR 2007
3     RESOLUTION ON THE FORMAL APPROVAL OF THE  For       For        Management
      ACTS OF THE SUPERVISORY BOARD IN THE
      FISCAL YEAR 2007
4     Ratify Auditors                           For       For        Management
5     ELECTION TO THE SUPERVISORY BOARD         For       For        Management
6     RESOLUTION ON THE AUTHORIZATION TO        For       For        Management
      ACQUIRE AND USE TREASURY SHARES, ALL AS
      MORE FULLY DESCRIBED IN THE PROXY
      STATEMENT
7     RESOLUTION ON THE AUTHORIZATION TO USE    For       For        Management
      EXISTING TREASURY SHARES, ALL AS MORE
      FULLY DESCRIBED IN THE PROXY STATEMENT
8     RESOLUTION ON THE AUTHORIZATION TO USE    For       For        Management
      EQUITY DERIVATIVES IN CONNECTION WITH THE
      ACQUISITION OF TREASURY SHARES
9     RESOLUTION ON THE AMENDMENT OF SECTION 4  For       For        Management
      OF THE ARTICLES OF INCORPORATION DUE TO
      THE EXPIRY OF AUTHORIZED CAPITAL III
10    RESOLUTION ON THE AMENDMENT OF SECTION 23 For       For        Management
      OF THE ARTICLES OF INCORPORATION, ALL AS
      MORE FULLY DESCRIBED IN THE PROXY
      STATEMENT


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

SCHOOL SPECIALTY, INC.

Ticker:       SCHS           Security ID:  807863105
Meeting Date: AUG 29, 2007   Meeting Type: Annual
Record Date:  JUL 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director A. Jacqueline Dout         For       For        Management
1.2   Elect Director Terry L. Lay               For       For        Management
1.3   Elect Director Herbert A. Trucksess, III  For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Ratify Auditors                           For       For        Management


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

SEALED AIR CORPORATION

Ticker:       SEE            Security ID:  81211K100
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Hank Brown                 For       For        Management
2     Elect Director Michael Chu                For       For        Management
3     Elect Director Lawrence R. Codey          For       For        Management
4     Elect Director T. J. Dermot Dunphy        For       For        Management
5     Elect Director Charles F. Farrell, Jr.    For       For        Management
6     Elect Director William V. Hickey          For       For        Management
7     Elect Director Jacqueline B. Kosecoff     For       For        Management
8     Elect Director Kenneth P. Manning         For       For        Management
9     Elect Director William J. Marino          For       For        Management
10    Amend Omnibus Stock Plan                  For       For        Management
11    Amend Executive Incentive Bonus Plan      For       For        Management
12    Ratify Auditors                           For       For        Management


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

TYSON FOODS, INC.

Ticker:       TSN            Security ID:  902494103
Meeting Date: FEB 1, 2008    Meeting Type: Annual
Record Date:  DEC 10, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Don Tyson                  For       Withhold   Management
1.2   Elect Director John Tyson                 For       Withhold   Management
1.3   Elect Director Richard L. Bond            For       For        Management
1.4   Elect Director Scott T. Ford              For       Withhold   Management
1.5   Elect Director Lloyd V. Hackley           For       Withhold   Management
1.6   Elect Director Jim Kever                  For       For        Management
1.7   Elect Director Kevin M. McNamara          For       For        Management
1.8   Elect Director JoAnn R. Smith             For       For        Management
1.9   Elect Director Barbara A. Tyson           For       For        Management
1.10  Elect Director Albert C. Zapanta          For       Withhold   Management
2     Ratify Auditors                           For       For        Management


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

UNITED RENTALS, INC.

Ticker:       URI            Security ID:  911363109
Meeting Date: OCT 19, 2007   Meeting Type: Special
Record Date:  SEP 10, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

UNITED RENTALS, INC.

Ticker:       URI            Security ID:  911363109
Meeting Date: JUN 11, 2008   Meeting Type: Annual
Record Date:  APR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Wayland R. Hicks          For       For        Management
1.2   Elect  Director John S. McKinney          For       For        Management
1.3   Elect  Director Singleton B. McAllister   For       For        Management
1.4   Elect  Director Jenne K. Britell          For       For        Management
2     Ratify Auditors                           For       For        Management


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

UNIVERSAL HEALTH SERVICES, INC.

Ticker:       UHS            Security ID:  913903100
Meeting Date: MAY 21, 2008   Meeting Type: Annual
Record Date:  APR 1, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J.F. Williams Jr.          For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Amend Restricted Stock Plan               For       For        Management


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

WASTE CONNECTIONS, INC.

Ticker:       WCN            Security ID:  941053100
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert H. Davis            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


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

WHOLE FOODS MARKET, INC.

Ticker:       WFMI           Security ID:  966837106
Meeting Date: MAR 10, 2008   Meeting Type: Annual
Record Date:  JAN 16, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John B. Elstrott           For       For        Management
1.2   Elect Director Gabrielle E. Greene        For       For        Management
1.3   Elect Director Hass Hassan                For       For        Management
1.4   Elect Director John P. Mackey             For       For        Management
1.5   Elect Director Morris J. Siegel           For       For        Management
1.6   Elect Director Ralph Z. Sorenson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors
4     Require Independent Board Chairman        Against   Against    Shareholder




============================= DAVIS FINANCIAL FUND =============================


AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael A. Callen          For       For        Management
1.2   Elect Director Jill M. Considine          For       For        Management
1.3   Elect Director Philip N. Duff             For       For        Management
1.4   Elect Director Thomas C. Theobald         For       For        Management
1.5   Elect Director Laura S. Unger             For       For        Management
1.6   Elect Director Henry D.G. Wallace         For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     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       Withhold   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 Merger or consolidation		For       For        Management
5     Reduce Supermajority Vote Requirement
	for Sale, lease, exchange or other
	disposition of all or substantially
	all of the Company's assets outside
	the ordinary course of business		For       For        Management
6     Reduce Supermajority Vote Requirement
	for Plan for the exchange of shares	For       For        Management
7     Reduce Supermajority Vote Requirement
	for Authorization of dissolution	For       For        Management
8     Provide for Cumulative Voting             Against   Against    Shareholder


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

AMERICAN INTERNATIONAL GROUP, INC.

Ticker:       AIG            Security ID:  026874107
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Stephen F. Bollenbach      For       For        Management
2     Elect Director Martin S. Feldstein        For       For        Management
3     Elect Director Ellen V. Futter            For       For        Management
4     Elect Director Richard C. Holbrooke       For       Against    Management
5     Elect Director Fred H. Langhammer         For       For        Management
6     Elect Director George L. Miles, Jr.       For       For        Management
7     Elect Director Morris W. Offit            For       For        Management
8     Elect Director James F. Orr, III          For       Against    Management
9     Elect Director Virginia M. Rometty        For       For        Management
10    Elect Director Martin J. Sullivan         For       For        Management
11    Elect Director Michael H. Sutton          For       For        Management
12    Elect Director Edmund S.W. Tse            For       For        Management
13    Elect Director Robert B. Willumstad       For       For        Management
14    Ratify Auditors                           For       For        Management
15    Report on Human Rights Policies Relating  Against   Against    Shareholder
      to Water Use
16    Report on Political Contributions         Against   Against    Shareholder


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

AMERIPRISE FINANCIAL, INC.

Ticker:       AMP            Security ID:  03076C106
Meeting Date: APR 23, 2008   Meeting Type: Annual
Record Date:  FEB 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director W. Walker Lewis            For       Against    Management
2     Elect Director  Siri S. Marshall          For       Against    Management
3     Elect Director William H. Turner          For       For        Management
4     Ratify Auditors                           For       For        Management


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

BANK OF NEW YORK MELLON CORP., THE

Ticker:       BK             Security ID:  064058100
Meeting Date: APR 8, 2008    Meeting Type: Annual
Record Date:  FEB 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Frank J. Biondi, Jr.       For       For        Management
1.2   Elect Director Ruth E. Bruch              For       For        Management
1.3   Elect Director Nicholas M. Donofrio       For       For        Management
1.4   Elect Director Steven G. Elliott          For       For        Management
1.5   Elect Director Gerald L. Hassell          For       For        Management
1.6   Elect Director Edmund F. Kelly            For       For        Management
1.7   Elect Director Robert P. Kelly            For       For        Management
1.8   Elect Director Richard J. Kogan           For       For        Management
1.9   Elect Director Michael J. Kowalski        For       For        Management
1.10  Elect Director John A. Luke, Jr.          For       For        Management
1.11  Elect Director Robert Mehrabian           For       For        Management
1.12  Elect Director Mark A. Nordenberg         For       For        Management
1.13  Elect Director Catherine A. Rein          For       For        Management
1.14  Elect Director Thomas A. Renyi            For       For        Management
1.15  Elect Director William C. Richardson      For       For        Management
1.16  Elect Director Samuel C. Scott III        For       For        Management
1.17  Elect Director John P. Surma              For       For        Management
1.18  Elect Director Wesley W. von Schack       For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Nonqualified Employee Stock       For       For        Management
      Purchase Plan
4     Approve Executive Incentive Bonus Plan    For       For        Management
5     Ratify Auditors                           For       For        Management
6     Restore or Provide for Cumulative Voting  Against   Against    Shareholder
7     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation


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

CANADIAN NATURAL RESOURCES LTD.

Ticker:       CNQ            Security ID:  136385101
Meeting Date: MAY 8, 2008    Meeting Type: Annual
Record Date:  MAR 19, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Catherine M. Best          For       For        Management
1.2   Elect Director N. Murray Edwards          For       For        Management
1.3   Elect Director Gary A. Filmon             For       For        Management
1.4   Elect Director Gordon D. Giffin           For       For        Management
1.5   Elect Director John G. Langille           For       For        Management
1.6   Elect Director Steve W. Laut              For       For        Management
1.7   Elect Director Keith A.J. MacPhail        For       For        Management
1.8   Elect Director Allan P. Markin            For       For        Management
1.9   Elect Director Norman F. McIntyre         For       For        Management
1.10  Elect Director Frank J. McKenna           For       For        Management
1.11  Elect Director James S. Palmer            For       For        Management
1.12  Elect Director Eldon R. Smith             For       For        Management
1.13  Elect Director David A. Tuer              For       For        Management
2     Approve PricewaterhouseCoopers LLP as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration


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

CHINA LIFE INSURANCE CO. LIMITED

Ticker:       LFC            Security ID:  16939P106
Meeting Date: MAY 28, 2008   Meeting Type: Annual
Record Date:  APR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO CONSIDER AND APPROVE THE REPORT OF THE For       For        Management
      BOARD OF DIRECTORS OF THE COMPANY FOR THE
      YEAR 2007
2     TO CONSIDER AND APPROVE THE REPORT OF THE For       For        Management
      SUPERVISORY COMMITTEE OF THE COMPANY FOR
      THE YEAR 2007
3     TO CONSIDER AND APPROVE THE AUDITED       For       For        Management
      FINANCIAL STATEMENTS OF THE COMPANY AND
      THE AUDITORS  REPORT FOR THE YEAR 2007
4     TO CONSIDER AND APPROVE THE PROFIT        For       For        Management
      DISTRIBUTION AND CASH DIVIDEND
      DISTRIBUTION PLAN OF THE COMPANY FOR THE
      YEAR 2007
5     TO CONSIDER THE INTERIM MANAGEMENT        For       For        Management
      MEASURES ON REMUNERATION OF DIRECTORS,
      SUPERVISORS AND SENIOR MANAGEMENT
      OFFICERS
6     TO CONSIDER AND APPROVE THE REMUNERATION  For       For        Management
      OF DIRECTORS AND SUPERVISORS OF THE
      COMPANY
7     Ratify Auditors                           For       For        Management
8     TO CONSIDER AND APPROVE THE CONTINUED     For       For        Management
      DONATIONS TO THE CHINA LIFE CHARITY FUND
9     TO REVIEW THE DUTY REPORT OF THE          None      None       Management
      INDEPENDENT DIRECTORS FOR THE YEAR 2007
10    TO REVIEW THE REPORT ON THE STATUS OF     None      None       Management
      CONNECTED TRANSACTIONS AND EXECUTION OF
      CONNECTED TRANSACTIONS MANAGEMENT SYSTEMS
11    TO GRANT A GENERAL MANDATE TO THE BOARD   For       For        Management
      TO ALLOT, ISSUE AND DEAL WITH NEW
      DOMESTIC SHARES AND NEW H SHARES PROVIDED
      THAT THE RESPECTIVE NUMBER OF SHARES
      SHALL NOT EXCEED 20% OF THE DOMESTIC
      SHARES OR H SHARES


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

COMMERCE BANCORP, INC.

Ticker:       CBH            Security ID:  200519106
Meeting Date: FEB 6, 2008    Meeting Type: Special
Record Date:  DEC 14, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

DUN & BRADSTREET CORP, THE

Ticker:       DNB            Security ID:  26483E100
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  MAR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven W. Alesio           For       For        Management
1.2   Elect Director Naomi O. Seligman          For       For        Management
1.3   Elect Director Michael J. Winkler         For       For        Management
2     Ratify Auditors                           For       For        Management


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

EVEREST RE GROUP LTD

Ticker:       RE             Security ID:  G3223R108
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas J. Gallagher       For       For        Management
1.2   Elect  Director William F. Galtney, Jr.   For       For        Management
2     TO APPOINT PRICEWATERHOUSECOOPERS LLP AS  For       For        Management
      THE COMPANY S REGISTERED PUBLIC
      ACCOUNTING FIRM FOR THE YEAR ENDING
      DECEMBER 31, 2008 AND AUTHORIZE THE BOARD
      OF DIRECTORS ACTING BY THE AUDIT
      COMMITTEE OF THE BOARD TO SET THE FEES.
3     TO APPROVE AN AMENDMENT TO THE COMPANY S  For       For        Management
      BY-LAWS TO ALLOW THE COMPANY TO HOLD
      TREASURY SHARES.


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

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


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

FPIC INSURANCE GROUP, INC.

Ticker:       FPIC           Security ID:  302563101
Meeting Date: JUN 6, 2008    Meeting Type: Annual
Record Date:  APR 1, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kenneth M. Kirschner      For       For        Management
1.2   Elect  Director David M. Shapiro, M.D.    For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

H&R  BLOCK, INC.

Ticker:       HRB            Security ID:  093671105
Meeting Date: SEP 6, 2007    Meeting Type: Proxy Contest
Record Date:  JUL 5, 2007


White Proxy Card
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Donna R. Ecton             For       None       Management
2     Elect Director Louis W. Smith             For       None       Management
3     Elect Director Rayford Wilkins, Jr.       For       None       Management
4     Ratify Auditors                           For       None       Management
5     Separate Chairman and CEO Positions       Against   None       Shareholder


Blue Proxy Card
#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Richard C. Breeden         For       For        Management
2     Elect Director Robert A. Gerard           For       For        Management
3     Elect Director L. Edward Shaw, Jr.        For       For        Management
4     Ratify Auditors                           For       For        Management
5     Separate Chairman and CEO Positions       For       For        Shareholder


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

H&R  BLOCK, INC.

Ticker:       HRB            Security ID:  093671105
Meeting Date: DEC 14, 2007   Meeting Type: Special
Record Date:  NOV 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Declassify the Board of Directors         For       For        Management


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

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Crandall C. Bowles         For       For        Management
2     Elect Director Stephen B. Burke           For       For        Management
3     Elect Director David M. Cote              For       For        Management
4     Elect Director James S. Crown             For       For        Management
5     Elect Director James Dimon                For       For        Management
6     Elect Director Ellen V. Futter            For       For        Management
7     Elect Director William H. Gray, III       For       For        Management
8     Elect Director Laban P. Jackson, Jr.      For       For        Management
9     Elect Director Robert I. Lipp             For       For        Management
10    Elect Director David C. Novak             For       For        Management
11    Elect Director Lee R. Raymond             For       For        Management
12    Elect Director William C. Weldon          For       For        Management
13    Ratify Auditors                           For       For        Management
14    Amend Omnibus Stock Plan                  For       For        Management
15    Amend Executive Incentive Bonus Plan      For       For        Management
16    Report on Government Service of Employees Against   Against    Shareholder
17    Report on Political Contributions         Against   Against    Shareholder
18    Require Independent Board Chairman        Against   Against    Shareholder
19    Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
20    Require More Director Nominations Than    Against   Against    Shareholder
      Open Seats
21    Report on Human Rights Investment         Against   Against    Shareholder
      Policies
22    Report on Lobbying Activities             Against   Against    Shareholder


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

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   Against    Shareholder
13    Pay For Superior Performance              Against   Against    Shareholder
14    Adopt Principles for Health Care Reform   Against   Against    Shareholder
15    Amend Tobacco Marketing Strategies        Against   Against    Shareholder


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

MARKEL CORP.

Ticker:       MKL            Security ID:  570535104
Meeting Date: MAY 13, 2008   Meeting Type: Annual
Record Date:  MAR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J. Alfred Broaddus, Jr.    For       For        Management
1.2   Elect Director Douglas C. Eby             For       For        Management
1.3   Elect Director Leslie A. Grandis          For       For        Management
1.4   Elect Director Stewart M. Kasen           For       For        Management
1.5   Elect Director Alan I. Kirshner           For       For        Management
1.6   Elect Director Lemuel E. Lewis            For       For        Management
1.7   Elect Director Anthony F. Markel          For       For        Management
1.8   Elect Director Steven A. Markel           For       For        Management
1.9   Elect Director Jay M. Weinberg            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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

MBIA INC.

Ticker:       MBI            Security ID:  55262C100
Meeting Date: MAY 1, 2008    Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Joseph W. Brown            For       For        Management
2     Elect Director David A. Coulter           For       For        Management
3     Elect Director Claire L. Gaudiani         For       For        Management
4     Elect Director Daniel P. Kearney          For       For        Management
5     Elect Director Kewsong Lee                For       For        Management
6     Elect Director Laurence H. Meyer          For       For        Management
7     Elect Director David M. Moffett           For       For        Management
8     Elect Director John A. Rolls              For       For        Management
9     Elect Director Richard C. Vaughan         For       For        Management
10    Elect Director Jeffery W. Yabuki          For       For        Management
11    Approve Conversion of Securities          For       For        Management
12    Approve Restricted Stock Awards to Joseph For       For        Management
      W. Brown
13    Ratify Auditors                           For       For        Management

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

MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  FEB 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Carol T. Christ            For       Did Not    Management
							  Vote
2     Elect Director Armando M. Codina          For       Did Not    Management
							  Vote
3     Elect Director Judith Mayhew Jonas        For       Did Not    Management
							  Vote
4     Elect Director John A. Thain              For       Did Not    Management
							  Vote
5     Ratify Auditors                           For       Did Not    Management
							  Vote
6     Provide for Cumulative Voting             Against   Did Not    Shareholder
							  Vote
7     Compensation- Miscellaneous Company       Against   Did Not    Shareholder
      Specific--Prohibiting Executive Officer             Vote
      Stock Sales during Buyback
8     Advisory Vote to Ratify Named Executive   Against   Did Not    Shareholder
      Officers' Compensation                              Vote
9     Adopt Employment Contract                 Against   Did Not    Shareholder
							  Vote

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

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   Against    Shareholder


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

PROGRESSIVE CORP., THE

Ticker:       PGR            Security ID:  743315103
Meeting Date: APR 18, 2008   Meeting Type: Annual
Record Date:  FEB 19, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Charles A. Davis           For       For        Management
1.2   Elect Director Bernadine P. Healy, M.D    For       For        Management
1.3   Elect Director Jeffrey D. Kelly           For       For        Management
1.4   Elect Director Abby F. Kohnstamm          For       For        Management
2     Adopt Majority Voting for Uncontested     For       For        Management
      Election of Directors
3     Amend Code of Regulations to Modify       For       For        Management
      Definition of Director's Term of Office
4     Approve Increase in Size of Board         For       For        Management
5     Ratify Auditors                           For       For        Management


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

RHJ INTERNATIONAL SA

Ticker:       RHJI BB        Security ID:  B70883101
Meeting Date: SEP 18, 2007   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' Report                 None      None       Management
2     Receive Auditors' Report                  None      None       Management
3     Receive Consolidated Financial Statements None      None       Management
4     Accept Financial Statements and           For       For        Management
      Allocation of Income
5     Approve Discharge of Directors            For       For        Management
6     Approve Discharge of Auditors             For       For        Management
7     Elect Leonhard Fischer as Director        For       For        Management
8     Ratify KPMG Reviseurs d'Entreprises as    For       For        Management
      Auditors


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

SEALED AIR CORPORATION

Ticker:       SEE            Security ID:  81211K100
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Hank Brown                 For       For        Management
2     Elect Director Michael Chu                For       For        Management
3     Elect Director Lawrence R. Codey          For       For        Management
4     Elect Director T. J. Dermot Dunphy        For       For        Management
5     Elect Director Charles F. Farrell, Jr.    For       For        Management
6     Elect Director William V. Hickey          For       For        Management
7     Elect Director Jacqueline B. Kosecoff     For       For        Management
8     Elect Director Kenneth P. Manning         For       For        Management
9     Elect Director William J. Marino          For       For        Management
10    Amend Omnibus Stock Plan                  For       For        Management
11    Amend Executive Incentive Bonus Plan      For       For        Management
12    Ratify Auditors                           For       For        Management


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

TRANSATLANTIC HOLDINGS, INC.

Ticker:       TRH            Security ID:  893521104
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven J. Bensinger        For       For        Management
1.2   Elect Director C. Fred Bergsten           For       For        Management
1.3   Elect Director Ian H. Chippendale         For       For        Management
1.4   Elect Director John G. Foos               For       For        Management
1.5   Elect Director John L. Mccarthy           For       For        Management
1.6   Elect Director Robert F. Orlich           For       For        Management
1.7   Elect Director William J. Poutsiaka       For       For        Management
1.8   Elect Director Richard S. Press           For       For        Management
1.9   Elect Director Martin J. Sullivan         For       For        Management
1.10  Elect Director Thomas R. Tizzio           For       For        Management
2     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
3     Amend Stock Option Plan                   For       For        Management
4     Ratify Auditors                           For       For        Management





============================ DAVIS OPPORTUNITY FUND ============================


AFLAC INCORPORATED

Ticker:       AFL            Security ID:  001055102
Meeting Date: MAY 5, 2008    Meeting Type: Annual
Record Date:  FEB 27, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Daniel P. Amos             For       For        Management
1.2   Elect Director John Shelby Amos, II       For       For        Management
1.3   Elect Director Paul S. Amos, II           For       For        Management
1.4   Elect Director Yoshiro Aoki               For       For        Management
1.5   Elect Director Michael H. Armacost        For       For        Management
1.6   Elect Director Kriss Cloninger, III       For       For        Management
1.7   Elect Director Joe Frank Harris           For       For        Management
1.8   Elect Director Elizabeth J. Hudson        For       For        Management
1.9   Elect Director Kenneth S. Janke, Sr.      For       For        Management
1.10  Elect Director Douglas W. Johnson         For       For        Management
1.11  Elect Director Robert B. Johnson          For       For        Management
1.12  Elect Director Charles B. Knapp           For       For        Management
1.13  Elect Director E. Stephen Purdom          For       For        Management
1.14  Elect Director Barbara K. Rimer           For       For        Management
1.15  Elect Director Marvin R. Schuster         For       For        Management
1.16  Elect Director David Gary Thompson        For       For        Management
1.17  Elect Director Robert L. Wright           For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Advisory Vote to Ratify Named Executive   For       For        Management
      Officers' Compensation
5     Ratify Auditors                           For       For        Management


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

AGILENT TECHNOLOGIES INC.

Ticker:       A              Security ID:  00846U101
Meeting Date: FEB 27, 2008   Meeting Type: Annual
Record Date:  JAN 2, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Heidi Kunz                 For       For        Management
1.2   Elect Director David M. Lawrence          For       For        Management
1.3   Elect Director A. Barry Rand              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management


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

AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael A. Callen          For       For        Management
1.2   Elect Director Jill M. Considine          For       For        Management
1.3   Elect Director Philip N. Duff             For       For        Management
1.4   Elect Director Thomas C. Theobald         For       For        Management
1.5   Elect Director Laura S. Unger             For       For        Management
1.6   Elect Director Henry D.G. Wallace         For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     Ratify Auditors                           For       For        Management


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

AMERICAN STANDARD COMPANIES INC.

Ticker:       ASD            Security ID:  029712106
Meeting Date: SEP 28, 2007   Meeting Type: Special
Record Date:  AUG 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Company Name                       For       For        Management


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

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


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

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   Against    Shareholder
4     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
5     Report on Product Safety                  Against   Against    Shareholder


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

BLOUNT INTERNATIONAL, INC.

Ticker:       BLT            Security ID:  095180105
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director R. Eugene Cartledge       For       For        Management
1.2   Elect  Director Joshua L. Collins         For       For        Management
1.3   Elect  Director Eliot M. Fried            For       For        Management
1.4   Elect  Director Thomas J. Fruechtel       For       For        Management
1.5   Elect  Director E. Daniel James           For       For        Management
1.6   Elect  Director Robert D. Kennedy         For       For        Management
1.7   Elect  Director Harold E. Layman          For       For        Management
1.8   Elect  Director James S. Osterman         For       For        Management
2     Ratify Auditors                           For       For        Management


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

BROWN & BROWN, INC.

Ticker:       BRO            Security ID:  115236101
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:  MAR 3, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J. Hyatt Brown             For       For        Management
1.2   Elect Director Samuel P. Bell, III        For       For        Management
1.3   Elect Director Hugh M. Brown              For       For        Management
1.4   Elect Director J. Powell Brown            For       For        Management
1.5   Elect Director Bradley Currey, Jr.        For       For        Management
1.6   Elect Director Jim W. Henderson           For       For        Management
1.7   Elect Director Theodore J. Hoepner        For       For        Management
1.8   Elect Director Toni Jennings              For       For        Management
1.9   Elect Director Wendell S. Reilly          For       For        Management
1.10  Elect Director John R. Riedman            For       For        Management
1.11  Elect Director Jan E. Smith               For       For        Management
1.12  Elect Director Chilton D. Varner          For       For        Management
2     Approve Nonqualified Employee Stock       For       For        Management
      Purchase Plan


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

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       For        Management
      Stock Plan
5     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
6     Performance-Based Equity Awards           Against   For        Shareholder


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

CARMAX INC

Ticker:       KMX            Security ID:  143130102
Meeting Date: JUN 24, 2008   Meeting Type: Annual
Record Date:  APR 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas J. Folliard        For       For        Management
1.2   Elect  Director Shira D. Goodman          For       For        Management
1.3   Elect  Director W. Robert Grafton         For       For        Management
1.4   Elect  Director Edgar H. Grubb            For       For        Management
1.5   Elect  Director Ronald E. Blaylock        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan


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

CONVERA CORP.

Ticker:       CNVR           Security ID:  211919105
Meeting Date: JUL 24, 2007   Meeting Type: Annual
Record Date:  JUN 13, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ronald J. Whittier         For       For        Management
1.2   Elect Director Herbert A. Allen           For       For        Management
1.3   Elect Director Herbert A. Allen, III      For       For        Management
1.4   Elect Director Patrick C. Condo           For       For        Management
1.5   Elect Director John C. Botts              For       Withhold   Management
1.6   Elect Director Eli S. Jacobs              For       Withhold   Management
1.7   Elect Director Donald R. Keough           For       For        Management
1.8   Elect Director Ajay Menon                 For       Withhold   Management
1.9   Elect Director Sydney Pollack             For       For        Management
1.10  Elect Director Carl J. Rickertsen         For       For        Management
1.11  Elect Director Jeffrey White              For       Withhold   Management
1.12  Elect Director Alexander F. Parker        For       For        Management

Davis Opportunity Fund purchased shares of Convera though a private placement.
These shares were held in certificate form and the proxy for these shares was
not voted.  These shares represented approximately 85% of Convera shares
owned by the fund.


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

COSTCO WHOLESALE CORPORATION

Ticker:       COST           Security ID:  22160K105
Meeting Date: JAN 29, 2008   Meeting Type: Annual
Record Date:  NOV 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Susan L. Decker            For       For        Management
1.2   Elect Director Richard D. Dicerchio       For       For        Management
1.3   Elect Director Richard M. Libenson        For       For        Management
1.4   Elect Director John W. Meisenbach         For       For        Management
1.5   Elect Director Charles T. Munger          For       For        Management
2     Amend Omnibus Stock Plan                  For       For        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     Elect Director CRAIG ARNOLD       	For       For        Management
2     Elect Director ROBERT H. BRUST     	For       For        Management
3     Elect Director JOHN M. CONNORS,JR.    	For       For        Management
4     Elect Director CHRISTOPHER J. COUGHLIN  	For       For        Management
5     Elect Director TIMOTHY M. DONAHUE  	For       For        Management
6     Elect Director KATHY J. HERBERT    	For       For        Management
7     Elect Director RANDALL J. HOGAN, III   	For       For        Management
8     Elect Director RICHARD J. MEELIA   	For       For        Management
9     Elect Director DENNIS H. REILLEY   	For       For        Management
10    Elect Director TADATAKA YAMADA     	For       For        Management
11    Elect Director JOSEPH A. ZACCAGNINO      	For       For        Management
12    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       Withhold   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       For        Management
4     Stock Retention/Holding Period            Against   For        Shareholder
5     Declaration of Dividend                   Against   Against    Shareholder


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

DISCOVER FINANCIAL SERVICES

Ticker:       DFS            Security ID:  254709108
Meeting Date: APR 10, 2008   Meeting Type: Annual
Record Date:  FEB 11, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Jeffrey S. Aronin          For       For        Management
2     Elect Director Mary K. Bush               For       For        Management
3     Elect Director Gregory C. Case            For       For        Management
4     Elect Director Dennis D. Dammerman        For       For        Management
5     Elect Director Robert M. Devlin           For       For        Management
6     Elect Director Philip A. Laskawy          For       For        Management
7     Elect Director Michael H. Moskow          For       For        Management
8     Elect Director David W. Nelms             For       For        Management
9     Elect Director Michael L. Rankowitz       For       For        Management
10    Elect Director E. Follin Smith            For       For        Management
11    Elect Director Lawrence A. Weinbach       For       For        Management
12    Ratify Auditors                           For       For        Management


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

DUN & BRADSTREET CORP, THE

Ticker:       DNB            Security ID:  26483E100
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  MAR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven W. Alesio           For       For        Management
1.2   Elect Director Naomi O. Seligman          For       For        Management
1.3   Elect Director Michael J. Winkler         For       For        Management
2     Ratify Auditors                           For       For        Management


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

E*TRADE FINANCIAL CORP.

Ticker:       ETFC           Security ID:  269246104
Meeting Date: MAY 16, 2008   Meeting Type: Annual
Record Date:  MAR 31, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Donald H. Layton           For       For        Management
1.2   Elect Director Robert Druskin             For       For        Management
1.3   Elect Director Frederick W. Kanner        For       For        Management
1.4   Elect Director C. Cathleen Raffaeli       For       Withhold   Management
2     Increase Authorized Common Stock          For       For        Management
3     Ratify Auditors                           For       For        Management


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

EVEREST RE GROUP LTD

Ticker:       RE             Security ID:  G3223R108
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas J. Gallagher       For       For        Management
1.2   Elect  Director William F. Galtney, Jr.   For       For        Management
2     TO APPOINT PRICEWATERHOUSECOOPERS LLP AS  For       For        Management
      THE COMPANY S REGISTERED PUBLIC
      ACCOUNTING FIRM FOR THE YEAR ENDING
      DECEMBER 31, 2008 AND AUTHORIZE THE BOARD
      OF DIRECTORS ACTING BY THE AUDIT
      COMMITTEE OF THE BOARD TO SET THE FEES.
3     TO APPROVE AN AMENDMENT TO THE COMPANY S  For       For        Management
      BY-LAWS TO ALLOW THE COMPANY TO HOLD
      TREASURY SHARES.


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

FIRST DATA CORP.

Ticker:       FDC            Security ID:  319963104
Meeting Date: JUL 31, 2007   Meeting Type: Special
Record Date:  JUN 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

FPIC INSURANCE GROUP, INC.

Ticker:       FPIC           Security ID:  302563101
Meeting Date: JUN 6, 2008    Meeting Type: Annual
Record Date:  APR 1, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kenneth M. Kirschner      For       For        Management
1.2   Elect  Director David M. Shapiro, M.D.    For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

FRANKLIN ELECTRIC CO., INC.

Ticker:       FELE           Security ID:  353514102
Meeting Date: MAY 2, 2008    Meeting Type: Annual
Record Date:  FEB 29, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David T. Brown             For       For        Management
1.2   Elect Director David A. Roberts           For       For        Management
1.3   Elect Director Howard B. Witt             For       For        Management
2     Ratify Auditors                           For       For        Management


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

GARMIN LTD.

Ticker:       GRMN           Security ID:  G37260109
Meeting Date: JUN 6, 2008    Meeting Type: Annual
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald H. Eller           For       For        Management
1.2   Elect  Director Clifton A. Pemble         For       For        Management
2     RATIFICATION OF THE APPOINTMENT OF ERNST  For       For        Management
      & YOUNG LLP AS GARMIN'S INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM FOR THE
      2008 FISCAL YEAR.


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

GLOBAL LOGISTICS ACQUISITION CORP.

Ticker:       GLA.U          Security ID:  379414105
Meeting Date: FEB 7, 2008    Meeting Type: Special
Record Date:  JAN 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition                       For       For        Management
2     If you vote FOR Proposal 1 you should     None      For        Management
      also vote FOR this proposal. If you voted
      AGAINST Proposal 1 and wish to Exercise
      your Conversion Rights, you should vote
      AGAINST this proposal and follow the
      instructions in the company's filing with
      the SEC
3     Change Company Name                       For       For        Management
4     Amend Certificate of Incorporation to     For       For        Management
      Remove Certain Provisions
5     Approve Omnibus Stock Plan                For       For        Management
6.1   Elect Director James J. Martell           For       For        Management
6.2   Elect Director Gregory E. Burns           For       For        Management
6.3   Elect Director Donald G. Mcinnes          For       For        Management
6.4   Elect Director Edward W. Cook             For       For        Management
6.5   Elect Director Maurice Levy               For       For        Management
6.6   Elect Director Brian H. Bowers            For       For        Management
6.7   Elect Director Timothy Teagan             For       For        Management
7     Adjourn Meeting                           For       For        Management


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

GOOGLE INC

Ticker:       GOOG           Security ID:  38259P508
Meeting Date: MAY 8, 2008    Meeting Type: Annual
Record Date:  MAR 11, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Eric Schmidt               For       For        Management
1.2   Elect Director Sergey Brin                For       For        Management
1.3   Elect Director Larry Page                 For       For        Management
1.4   Elect Director L. John Doerr              For       For        Management
1.5   Elect Director John L. Hennessy           For       For        Management
1.6   Elect Director Arthur D. Levinson         For       For        Management
1.7   Elect Director Ann Mather                 For       For        Management
1.8   Elect Director Paul S. Otellini           For       For        Management
1.9   Elect Director K. Ram Shriram             For       For        Management
1.10  Elect Director Shirley M. Tilghman        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Adopt Internet Censorship Policies        Against   Against    Shareholder
5     Amend Bylaws to Establish a Board         Against   Against    Shareholder
      Committee on Human Rights


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

GRUPO TELEVISA


Ticker:       TV             Security ID:  40049J206
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:  APR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory	For	  Did Not    Mangaement
      reports 						  Vote
2     Accept Auditor Report			For	  Did Not    Management
							  Vote
3     Approve Allocation of Profit/Dividends	For	  Did Not    Management
							  Vote
4     Authorize Company to Repurchase Shares	For	  Did Not    Management
							  Vote
5     Approve Company's Stock Option Plan       For	  Did Not    Management
  							  Vote
6     Elect Directors			 	For	  Did Not    Management
							  Vote
7     Elect Board Committee Members		For	  Did Not    Management
							  Vote
8     Elect Audit Committee Chairman            For	  Did Not    Management
						          Vote
9     Approve Directors Fees                    For	  Did Not    Management
						          Vote
10    Elect Meeting Delegates			For	  Did Not    Management
							  Vote

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

GRUPO TELEVISA


Ticker:       TV             Security ID:  40049J206
Meeting Date: APR 30, 2008   Meeting Type: Special
Record Date:  APR 28, 2008

1    Authorize Board to Reduce Shares	        For	  Did Not    Management
						          Vote
2    Approve Amendments to Articles of         For	  Did Not    Management
      Association				          Vote
3    Elect Meeting Delegates			For	  Did Not    Management
							  Vote
--------------------------------------------------------------------------------

H&R  BLOCK, INC.

Ticker:       HRB            Security ID:  093671105
Meeting Date: DEC 14, 2007   Meeting Type: Special
Record Date:  NOV 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Declassify the Board of Directors         For       For        Management


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

HEINEKEN HOLDING NV

Ticker:       HEIO           Security ID:  N39338194
Meeting Date: APR 17, 2008   Meeting Type: Annual
Record Date:  MAR 27, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Management Board        None      None       Management
      (Non-Voting)
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Receive Explanation on Company's Reserves None      None       Management
      and Dividend Policy
4     Approve Discharge of Board of Directors   For       For        Management
5     Approve Acquisition by Sunrise            For       For        Management
      Acquisitions of Scottish & Newcastle Plc
6     Ratify KPMG Accountants as Auditors       For       For        Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Grant Board Authority to Issue Shares and For       For        Management
      Restricting/Excluding Preemptive Rights


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

HUNTER DOUGLAS NV

Ticker:       HDG NA         Security ID:  N4327C122
Meeting Date: JUN 11, 2008   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividends                         For       For        Management
2     Other Business (Voting)                   For       For        Management


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

HUNTER DOUGLAS NV

Ticker:       HDG NA         Security ID:  N4327C122
Meeting Date: JUN 11, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Report to Shareholders                    For       For        Management
2     Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
3     Approve Discharge of Management and       For       For        Management
      Supervisory Board
4     Approve Dividends                         For       For        Management
5     Elect Directors and Substitutes           For       For        Management
6     Ratify Auditors                           For       For        Management
7     Amendment of Articles of Association      For       For        Management
8     Other Business (Voting)                   For       For        Management


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

IDEXX LABORATORIES, INC.

Ticker:       IDXX           Security ID:  45168D104
Meeting Date: MAY 7, 2008    Meeting Type: Annual
Record Date:  MAR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Directors Thomas Craig             For       For        Management
1.2   Elect  Directors Errol B. Desouza, Ph.D.  For       For        Management
1.3   Elect  Directors R.M. Henderson, Ph.D.    For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

IRON MOUNTAIN INC.

Ticker:       IRM            Security ID:  462846106
Meeting Date: JUN 5, 2008    Meeting Type: Annual
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Clarke H. Bailey           For       For        Management
1.2   Elect Director Constantin R. Boden        For       For        Management
1.3   Elect Director Robert T. Brennan          For       For        Management
1.4   Elect Director Kent P. Dauten             For       For        Management
1.5   Elect Director Michael Lamach             For       For        Management
1.6   Elect Director Arthur D. Little           For       For        Management
1.7   Elect Director C. Richard Reese           For       For        Management
1.8   Elect Director Vincent J. Ryan            For       For        Management
1.9   Elect Director Laurie A. Tucker           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend 2006 Executive Incentive Bonus Plan For       For        Management
4     Amend 2003 Executive Incentive Bonus Plan For       For        Managemen
5     Ratify Auditors                           For       For        Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  FEB 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Mary Sue Coleman           For       For        Management
1.2   Elect Director James G. Cullen            For       For        Management
1.3   Elect Director Michael M.E. Johns         For       For        Management
1.4   Elect Director Arnold G. Langbo           For       For        Management
1.5   Elect Director Susan L. Lindquist         For       For        Management
1.6   Elect Director Leo F. Mullin              For       For        Management
1.7   Elect Director Wiliam D. Perez            For       For        Management
1.8   Elect Director Christine A. Poon          For       For        Management
1.9   Elect Director Charles Prince             For       For        Management
1.10  Elect Director Steven S. Reinemund        For       For        Management
1.11  Elect Director David Satcher              For       For        Management
1.12  Elect Director William C. Weldon          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation


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

JULIUS BAER HOLDING AG (FORMERLY BAER HOLDINGS)

Ticker:       BAER VX        Security ID:  H4407G263
Meeting Date: APR 15, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 0.50 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Reelect Peter Kuepfer and Charles         For       For        Management
      Stonehill as Directors
5     Ratify KPMG Ltd. as Auditors              For       For        Management
6     Approve CHF 611,111 Reduction in Share    For       For        Management
      Capital via Cancellation of 12.2 Million
      Repurchased Shares
7     Authorize Share Repurchase Program and    For       For        Management
      Cancellation of Repurchased Shares


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

KUEHNE & NAGEL INTERNATIONAL AG

Ticker:       KNIN VX        Security ID:  H4673L145
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 1.90 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4.1   Elect Juergen Fitschen as Director        For       For        Management
4.2   Reelect Bernd Wrede as Director           For       For        Management
4.3   Reelect Hans Lerch as Director            For       For        Management
5     Approve Creation of CHF 20 Million Pool   For       For        Management
      of Capital without Preemptive Rights
6     Ratify KPMG AG as Auditors                For       For        Management


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

LAGARDERE SCA

Ticker:       MMB            Security ID:  F5485U100
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 Management
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.30 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Reelect Pierre Lescure as Supervisory     For       For        Management
      Board Member
7     Reelect Didier Pineau-Valencienne as      For       For        Management
      Supervisory Board Member
8     Reelect Groupama as Supervisory Board     For       For        Management
      Member
9     Reelect Javier Monzon as Supervisory      For       For        Management
      Board Member
10    Elect Francois David as Supervisory Board For       For        Management
      Member
11    Elect Martine Chene as Supervisory Board  For       For        Management
      Member
12    Reappoint Mazars & Guerard as Auditor and For       For        Management
      Appoint Patrick Cambourg as Deputy
      Auditor
13    Amend Restricted Stock Plan               For       For        Management
14    Approve Merger by Absorption of MP 55     For       For        Management
15    Approve Accounting Treatment of           For       For        Management
      Absorption
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

LEGG MASON, INC.

Ticker:       LM             Security ID:  524901105
Meeting Date: JUL 19, 2007   Meeting Type: Annual
Record Date:  MAY 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Harold L. Adams                     For       For        Management
1.2   Elect Raymond A. Mason                    For       For        Management
1.3   Elect Margaret Milner Richardson          For       For        Management
1.4   Elect Kurt L. Schmoke                     For       For        Management
1.5   Elect Robert E. Angelica                  For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Non-Employee Director Stock Option  For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management
5     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

MARKEL CORP.

Ticker:       MKL            Security ID:  570535104
Meeting Date: MAY 13, 2008   Meeting Type: Annual
Record Date:  MAR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J. Alfred Broaddus, Jr.    For       For        Management
1.2   Elect Director Douglas C. Eby             For       For        Management
1.3   Elect Director Leslie A. Grandis          For       For        Management
1.4   Elect Director Stewart M. Kasen           For       For        Management
1.5   Elect Director Alan I. Kirshner           For       For        Management
1.6   Elect Director Lemuel E. Lewis            For       For        Management
1.7   Elect Director Anthony F. Markel          For       For        Management
1.8   Elect Director Steven A. Markel           For       For        Management
1.9   Elect Director Jay M. Weinberg            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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

MBIA INC.

Ticker:       MBI            Security ID:  55262C100
Meeting Date: MAY 1, 2008    Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Joseph W. Brown            For       For        Management
2     Elect Director David A. Coulter           For       For        Management
3     Elect Director Claire L. Gaudiani         For       For        Management
4     Elect Director Daniel P. Kearney          For       For        Management
5     Elect Director Kewsong Lee                For       For        Management
6     Elect Director Laurence H. Meyer          For       For        Management
7     Elect Director David M. Moffett           For       For        Management
8     Elect Director John A. Rolls              For       For        Management
9     Elect Director Richard C. Vaughan         For       For        Management
10    Elect Director Jeffery W. Yabuki          For       For        Management
11    Approve Conversion of Securities          For       For        Management
12    Approve Restricted Stock Awards to Joseph For       For        Management
      W. Brown
13    Ratify Auditors                           For       For        Management


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

MICROSOFT CORP.

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 13, 2007   Meeting Type: Annual
Record Date:  SEP 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director William H. Gates, III      For       For        Management
2     Elect Director Steven A. Ballmer          For       For        Management
3     Elect Director James I. Cash, Jr.         For       For        Management
4     Elect Director Dina Dublon                For       For        Management
5     Elect Director Raymond V. Gilmartin       For       For        Management
6     Elect Director Reed Hastings              For       For        Management
7     Elect Director David F. Marquardt         For       For        Management
8     Elect Director Charles H. Noski           For       For        Management
9     Elect Director Helmut Panke               For       For        Management
10    Elect Director Jon A. Shirley             For       For        Management
11    Ratify Auditors                           For       For        Management
12    Adopt Policies to Protect Freedom of      Against   Against    Shareholder
      Access to the Internet
13    Amend Bylaws to Establish a Board         Against   Against    Shareholder
      Committee on Human Rights


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

MOLEX INCORPORATED

Ticker:       MOLX           Security ID:  608554200
Meeting Date: OCT 26, 2007   Meeting Type: Annual
Record Date:  AUG 28, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Birck          For       For        Management
1.2   Elect  Director Frederick A. Krehbiel     For       For        Management
1.3   Elect  Director Kazumasa Kusaka           For       For        Management
1.4   Elect  Director Martin P. Slark           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Ratify Auditors                           For       For        Management


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

NETFLIX. INC

Ticker:       NFLX           Security ID:  64110L106
Meeting Date: MAY 21, 2008   Meeting Type: Annual
Record Date:  MAR 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Reed Hastings             For       For        Management
1.2   Elect  Director Jay C. Hoag               For       For        Management
1.3   Elect  Director A. George (Skip) Battle   For       For        Management
2     Ratify Auditors                           For       For        Management


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

NONGSHIM HOLDINGS CO.

Ticker:       072710 KS      Security ID:  Y6355X108
Meeting Date: MAR 21, 2008   Meeting Type: Annual
Record Date:  DEC 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Dividend of KRW 2,000 Per Share
2     Elect Lee Sang-Yoon as Inside Director    For       For        Management
3     Approve Remuneration of Executive         For       For        Management
      Directors and Independent Non-Executive
      Directors
4     Approve Limit on Remuneration of          For       For        Management
      Auditor(s)


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

NYMEX HOLDINGS INC.

Ticker:       NMX            Security ID:  62948N104
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James Newsome             For       For        Management
1.2   Elect  Director Dennis Suskind            For       For        Management
1.3   Elect  Director William Ford              For       For        Management
1.4   Elect  Director William Maxwell           For       For        Management
1.5   Elect  Director John McNamara             For       For        Management
1.6   Elect  Director Stephen Ardizzone         For       For        Management
1.7   Elect  Director A. George Gero            For       For        Management
1.8   Elect  Director Thomas Gordon             For       For        Management
1.9   Elect  Director Howard Gabler             For       For        Management
2     Ratify Auditors                           For       For        Management


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

PARGESA HOLDING SA

Ticker:       PARG SW        Security ID:  H60477207
Meeting Date: MAY 5, 2008    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 2.62 per Bearer Share
      and CHF 0.262 per Registered Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4.1.1 Reelect Paul Desmarais as Director        For       For        Management
4.1.2 Reelect Albert Frere as Director          For       For        Management
4.1.3 Reelect Andre de Pfyffer as Director      For       For        Management
4.1.4 Reelect Marc-Henri Chaudet as Director    For       For        Management
4.1.5 Reelect Andre Desmarais as Director       For       For        Management
4.1.6 Reelect Michel Plessis-Belair as Director For       For        Management
4.1.7 Reelect Michel Pebereau as Director       For       For        Management
4.2   Ratify Ernst & Young SA as Auditors       For       For        Management
5     Renew Existing CHF 253 Million Pool of    For       For        Management
      Capital for Further Two Years
6     Transact Other Business (Non-Voting)      None      None       Management


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

POWER CORPORATION OF CANADA

Ticker:       POW            Security ID:  739239101
Meeting Date: MAY 9, 2008    Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Pierre Beaudoin            For       For        Management
1.2   Elect Director Laurent Dassault           For       For        Management
1.3   Elect Director Andre Desmarais            For       For        Management
1.4   Elect Director Paul Desmarais             For       For        Management
1.5   Elect Director Paul Desmarais Jr          For       For        Management
1.6   Elect Director Anthony Graham             For       For        Management
1.7   Elect Director Robert Gratton             For       For        Management
1.8   Elect Director Donald F. Mazankowski      For       For        Management
1.9   Elect Director Jerry E.A. Nickerson       For       For        Management
1.10  Elect Director James R. Nininger          For       For        Management
1.11  Elect Director R. Jeffery Orr             For       For        Management
1.12  Elect Director Robert Parizeau            For       For        Management
1.13  Elect Director Michel Plessis-Belair      For       For        Management
1.14  Elect Director John A. Rae                For       For        Management
1.15  Elect Director Amaury de Seze             For       For        Management
1.16  Elect Director Emoke J.E. Szathmary       For       For        Management
2     Ratify Deloitte & Touche LLP as Auditors  For       For        Management
3     Amend Executive Stock Option Plan         For       For        Management
4     Report regarding investments related      Against   Against    Shareholder
      to Burma
5     Increase Dividends for Longer-Term  	Against   Against    Shareholder
      Shareholders
6     Limit Voting Rights for             	Against   Against    Shareholder
      Shorter-Term Shareholders
7     Provide Payment into Employee       	Against   Against    Shareholder
      Pension Fund in the Event of a Merger
8     Increase Number of Women Directors  	Against   Against    Shareholder
9     Obtain Shareholder Pre-Approval for 	Against   Against    Shareholder
      Executive Compensation Policy and
      Director Fees
10    Restrict Executives' and Directors' 	Against   Against    Shareholder
      Exercise of Options
11    Disclose Participation in Hedge     	Against   Against    Shareholder
      Funds and Subprime Mortgage Loans
12    Provide for Cumulative Voting       	Against   Against    Shareholder

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

REDWOOD TRUST, INC.  **

Ticker:       RWT            Security ID:  758075402
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 31, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Douglas B. Hansen          For       For        Management
1.2   Elect Director Greg H. Kubicek            For       For        Management
1.3   Elect Director C.J. Toeniskoetter         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
5     Declassify the Board of Directors         Against   For        Shareholder

**Notice of Votes made in Non-Conformance of Proxy Policy:
The Redwood Trust, Inc. corporate charter limits beneficial ownership of capital
stock by any person to 9.8% of each class of outstanding Capital Stock.
The Redwood Trust, Inc. board of directors agreed to waive this limitation on
behalf of Davis Selected Advisers, L.P. ("Davis Advisors") and its clients on
condition that Davis Advisors deliver a proxy to Redwood Trust, Inc. management
empowering them to "Mirror Vote" all shares in excess of 9.8%.   In "Mirror
Voting" management votes the excess shares on each matter or action to be voted
on in the same proportion of votes for or against any matter or action, or
withheld as to any matter or action, as the proportion voted for or against any
such matter or action, or withheld as to any such matter or action, by all
stockholders excluding Davis Advisors and its clients.  Thus, Davis Advisors
voted 9.8% of shares in conformance with its Proxy Policies and Procedures
and all shares in excess of 9.8% were Mirror Voted by management of Redwood
Trust, Inc.


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

RENAISSANCERE HOLDINGS LTD.

Ticker:       RNR            Security ID:  G7496G103
Meeting Date: MAY 19, 2008   Meeting Type: Annual
Record Date:  MAR 20, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director DAVID C. BUSHNELL          For       For        Management
1.2   Elect Director JAMES L. GIBBONS           For       For        Management
1.3   Elect Director JEAN D. HAMILTON           For       For        Management
1.4   Elect Director ANTHONY M. SANTOMERO       For       For        Management
2     TO APPOINT THE FIRM OF ERNST & YOUNG,     For       For        Management
      LTD., AN INDEPENDENT REGISTERED PUBLIC
      ACCOUNTING FIRM, TO SERVE AS OUR AUDITORS
      FOR THE 2008 FISCAL YEAR UNTIL OUR 2009
      ANNUAL GENERAL MEETING


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

SEALED AIR CORPORATION

Ticker:       SEE            Security ID:  81211K100
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Hank Brown                 For       For        Management
2     Elect Director Michael Chu                For       For        Management
3     Elect Director Lawrence R. Codey          For       For        Management
4     Elect Director T. J. Dermot Dunphy        For       For        Management
5     Elect Director Charles F. Farrell, Jr.    For       For        Management
6     Elect Director William V. Hickey          For       For        Management
7     Elect Director Jacqueline B. Kosecoff     For       For        Management
8     Elect Director Kenneth P. Manning         For       For        Management
9     Elect Director William J. Marino          For       For        Management
10    Amend Omnibus Stock Plan                  For       For        Management
11    Amend Executive Incentive Bonus Plan      For       For        Management
12    Ratify Auditors                           For       For        Management


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

SHAW GROUP INC., THE

Ticker:       SGR            Security ID:  820280105
Meeting Date: JAN 29, 2008   Meeting Type: Annual
Record Date:  DEC 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J.M. Bernhard, Jr.         For       For        Management
1.2   Elect Director James F. Barker            For       Withhold   Management
1.3   Elect Director Thos. E. Capps             For       For        Management
1.4   Elect Director L. Lane Grigsby            For       For        Management
1.5   Elect Director Daniel A. Hoffler          For       For        Management
1.6   Elect Director David W. Hoyle             For       Withhold   Management
1.7   Elect Director Michael J. Mancuso         For       For        Management
1.8   Elect Director Albert D. McAlister        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       For        Management


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

SIGMA-ALDRICH CORP.

Ticker:       SIAL           Security ID:  826552101
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  MAR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Rebecca M. Bergman         For       For        Management
1.2   Elect Director David R. Harvey            For       For        Management
1.3   Elect Director W. Lee McCollum            For       For        Management
1.4   Elect Director Jai P. Nagarkatti          For       For        Management
1.5   Elect Director Avi M. Nash                For       For        Management
1.6   Elect Director Steven M. Paul             For       For        Management
1.7   Elect Director J. Pedro Reinhard          For       For        Management
1.8   Elect Director Timothy R.G. Sear          For       For        Management
1.9   Elect Director D. Dean Spatz              For       For        Management
1.10  Elect Director Barrett A. Toan            For       For        Management
2     Ratify Auditors                           For       For        Management


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

SINO-FOREST CORPORATION

Ticker:       TRE            Security ID:  82934H101
Meeting Date: MAY 26, 2008   Meeting Type: Annual
Record Date:  APR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Allen T.Y. Chan, Kai Kit Poon,      For       For        Management
      Edmund Mak, Simon Murray, James M.E.
      Hyde, Judson Martin and Peter Wang as
      Directors
2     Approve Ernst & Young LLP as Auditors and For       For        Management
      Authorize Board to Fix Their Remuneration


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

SK TELECOM CO.

Ticker:       SKM            Security ID:  78440P108
Meeting Date: MAR 14, 2008   Meeting Type: Annual
Record Date:  DEC 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements for 24th     For       For        Management
      Fiscal Year
2     Amend Articles of Incorporation Regarding For       For        Management
      Addition of Preamble and Business
      Objectives Expansion
3     Approve Remuneration of Executive         For       For        Management
      Directors and Independent Non-Executive
      Directors
4     Elect Kim Shin-Bae and Park Young-Ho as   For       For        Management
      Inside (Executive) Directors (Bundled)
5     Elect Uhm Nak-Yong and Chung Jae-Young as For       For        Management
      Outside (Independent Non-Executive)
      Directors (Bundled)
6     Elect Cho Jae-Ho as Outside (Independent  For       For        Management
      Non-Executive) Director Who Will Be Also
      Member of Audit Committee


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

SPRINT NEXTEL CORP

Ticker:       S              Security ID:  852061100
Meeting Date: MAY 13, 2008   Meeting Type: Annual
Record Date:  MAR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Robert R. Bennett          For       Against    Management
2     Elect Director Gordon M. Bethune          For       Against    Management
3     Elect Director Larry C. Glasscock         For       For        Management
4     Elect Director James H. Hance, Jr.        For       Against    Management
5     Elect Director Daniel R. Hesse            For       For        Management
6     Elect Director V. Janet Hill              For       Against    Management
7     Elect Director Irvine O. Hockaday, Jr.    For       Against    Management
8     Elect Director Rodney O'Neal              For       For        Management
9     Elect Director Ralph V. Whitworth         For       For        Management
10    Ratify Auditors                           For       For        Management
11    Amend Articles/Bylaws/Charter -- Call     Against   Against    Shareholder
      Special Meetings


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

TENARIS SA

Ticker:       TS             Security ID:  88031M109
Meeting Date: JUN 4, 2008    Meeting Type: Annual
Record Date:  APR 30, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE COMPANY'S CONSOLIDATED    For       For        Management
      FINANCIAL STATEMENTS FOR THE YEAR ENDED
      DECEMBER 31, 2007, 2006 AND 2005.
2     APPROVAL OF COMPANY'S ANNUAL ACCOUNTS AS  For       For        Management
      AT DECEMBER 31, 2007.
3     ALLOCATION OF RESULTS AND APPROVAL OF     For       For        Management
      DIVIDEND PAYMENT.
4     DISCHARGE TO THE MEMBERS OF THE BOARD OF  For       For        Management
      DIRECTORS.
5     ELECTION OF THE MEMBERS OF THE BOARD OF   For       For        Management
      DIRECTORS.
6     COMPENSATION OF THE MEMBERS OF THE BOARD  For       For        Management
      OF DIRECTORS.
7     AUTHORIZATION TO BOARD OF DIRECTORS TO    For       For        Management
      CAUSE DISTRIBUTION OF ALL SHAREHOLDER
      COMMUNICATIONS, INCLUDING ITS SHAREHOLDER
      MEETING.
8     Ratify Auditors                           For       For        Management


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

TEXAS INSTRUMENTS, INC.

Ticker:       TXN            Security ID:  882508104
Meeting Date: APR 17, 2008   Meeting Type: Annual
Record Date:  FEB 19, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director James R. Adams             For       For        Management
2     Elect Director David L. Boren             For       For        Management
3     Elect Director Daniel A. Carp             For       For        Management
4     Elect Director Carrie S. Cox              For       For        Management
5     Elect Director David R. Goode             For       For        Management
6     Elect Director Pamela H. Patsley          For       For        Management
7     Elect Director Wayne R. Sanders           For       For        Management
8     Elect Director Ruth J. Simmons            For       For        Management
9     Elect Director Richard K. Templeton       For       For        Management
10    Elect Director Christine Todd Whitman     For       For        Management
11    Ratify Auditors                           For       For        Management
12    Require Director Nominee Qualifications   Against   Against    Shareholder


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

TRANE INC.

Ticker:       TT             Security ID:  892893108
Meeting Date: JUN 5, 2008    Meeting Type: Special
Record Date:  APR 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

TRANSATLANTIC HOLDINGS, INC.

Ticker:       TRH            Security ID:  893521104
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven J. Bensinger        For       For        Management
1.2   Elect Director C. Fred Bergsten           For       For        Management
1.3   Elect Director Ian H. Chippendale         For       For        Management
1.4   Elect Director John G. Foos               For       For        Management
1.5   Elect Director John L. Mccarthy           For       For        Management
1.6   Elect Director Robert F. Orlich           For       For        Management
1.7   Elect Director William J. Poutsiaka       For       For        Management
1.8   Elect Director Richard S. Press           For       For        Management
1.9   Elect Director Martin J. Sullivan         For       For        Management
1.10  Elect Director Thomas R. Tizzio           For       For        Management
2     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
3     Amend Stock Option Plan                   For       For        Management
4     Ratify Auditors                           For       For        Management


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

TRANSOCEAN INC.

Ticker:       RIG            Security ID:  G90078109
Meeting Date: NOV 9, 2007    Meeting Type: Court
Record Date:  OCT 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE SCHEME OF ARRANGEMENT,    For       For        Management
      ATTACHED TO THE ACCOMPANYING JOINT PROXY
      STATEMENT AS ANNEX G, WHICH PROVIDES FOR
      THE RECLASSIFICATION OF OUR ORDINARY
      SHARES.
2     APPROVAL OF THE ISSUANCE OF OUR ORDINARY  For       For        Management
      SHARES TO SHAREHOLDERS OF GLOBALSANTAFE
      CORPORATION IN THE MERGER UNDER THE TERMS
      OF THE AGREEMENT AND PLAN OF MERGER,
      ATTACHED TO THE ACCOMPANYING JOINT PROXY
      STATEMENT AS ANNEX A.
3     APPROVAL OF THE AMENDMENT AND RESTATEMENT For       For        Management
      OF OUR MEMORANDUM AND ARTICLES OF
      ASSOCIATION TO, AMONG OTHER THINGS,
      INCREASE THE MAXIMUM NUMBER OF DIRECTORS
      CONSTITUTING THE BOARD OF DIRECTORS OF
      TRANSOCEAN INC. FROM 13 TO 14.


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

TRANSOCEAN INC.

Ticker:       RIG            Security ID:  G90073100
Meeting Date: MAY 16, 2008   Meeting Type: Annual
Record Date:  MAR 19, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director JON A. MARSHALL 		For       For        Management
2     Elect Director MARTIN B. MCNAMARA  	For       For        Management
3     Elect Director ROBERT E. ROSE      	For       For        Management
4     Elect Director: IAN C. STRACHAN     	For       For        Management
5     APPROVAL OF THE APPOINTMENT OF ERNST &    For       For        Management
      YOUNG LLP TO SERVE AS OUR INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM FOR
      2008.

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

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


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

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  G9143X208
Meeting Date: MAR 13, 2008   Meeting Type: Annual
Record Date:  JAN 2, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director Brian Duperreault         For       For        Management
1.4   Elect  Director Bruce S. Gordon           For       For        Management
1.5   Elect  Director Rajiv L. Gupta            For       For        Management
1.6   Elect  Director John A. Krol              For       For        Management
1.7   Elect  Director Brendan R. O'Neill        For       For        Management
1.8   Elect  Director William S. Stavropoulos   For       For        Management
1.9   Elect  Director Sandra S. Wijnberg        For       For        Management
1.10  Elect  Director Jerome B. York            For       For        Management
1.11  Elect  Director Timothy M. Donahue        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amendemnts to the company's by-laws       For       For        Management


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

UNITEDHEALTH GROUP INCORPORATED

Ticker:       UNH            Security ID:  91324P102
Meeting Date: JUN 5, 2008    Meeting Type: Annual
Record Date:  APR 9, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director William C. Ballard, Jr.    For       Against    Management
2     Elect Director Richard T. Burke           For       For        Management
3     Elect Director Robert J. Darretta         For       For        Management
4     Elect Director Stephen J. Hemsley         For       For        Management
5     Elect Director Michele J. Hooper          For       For        Management
6     Elect Director Douglas W. Leatherdale     For       For        Management
7     Elect Director Glenn M. Renwick           For       For        Management
8     Elect Director Gail R. Wilensky           For       For        Management
9     Amend Omnibus Stock Plan                  For       For        Management
10    Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
11    Ratify Auditors                           For       For        Management
12    Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
13    Performance-Based Equity Awards           Against   For        Shareholder


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

VIRGIN MEDIA INC.

Ticker:       VMED           Security ID:  92769L101
Meeting Date: MAY 21, 2008   Meeting Type: Annual
Record Date:  APR 3, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William R. Huff            For       For        Management
1.2   Elect Director James F. Mooney            For       For        Management
2     Ratify Auditors                           For       For        Management


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

WABCO HOLDINGS INC

Ticker:       WBC            Security ID:  92927K102
Meeting Date: MAY 28, 2008   Meeting Type: Annual
Record Date:  APR 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director G. Peter D'Aloia           For       For        Management
1.2   Elect Director Juergen W. Gromer          For       For        Management
2     Ratify Auditors                           For       For        Management


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

WALT DISNEY COMPANY, THE

Ticker:       DIS            Security ID:  254687106
Meeting Date: MAR 6, 2008    Meeting Type: Annual
Record Date:  JAN 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Susan E.  Arnold           For       For        Management
2     Elect Director John E.  Bryson            For       For        Management
3     Elect Director John S.  Chen              For       For        Management
4     Elect Director Judith L.  Estrin          For       For        Management
5     Elect Director Robert A. Iger             For       For        Management
6     Elect Director Steven P. Jobs             For       For        Management
7     Elect Director Fred H. Langhammer         For       For        Management
8     Elect Director Aylwin B. Lewis            For       For        Management
9     Elect Director Monica C. Lozano           For       For        Management
10    Elect Director Robert W. Matschullat      For       For        Management
11    Elect Director John E. Pepper, Jr.        For       For        Management
12    Elect Director Orin C. Smith              For       For        Management
13    Ratify Auditors                           For       For        Management
14    Amend Omnibus Stock Plan                  For       For        Management
15    Amend Executive Incentive Bonus Plan      For       For        Management


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

WHOLE FOODS MARKET, INC.

Ticker:       WFMI           Security ID:  966837106
Meeting Date: MAR 10, 2008   Meeting Type: Annual
Record Date:  JAN 16, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John B. Elstrott           For       For        Management
1.2   Elect Director Gabrielle E. Greene        For       For        Management
1.3   Elect Director Hass Hassan                For       For        Management
1.4   Elect Director John P. Mackey             For       For        Management
1.5   Elect Director Morris J. Siegel           For       For        Management
1.6   Elect Director Ralph Z. Sorenson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   Against    Shareholder
      of Directors
4     Require Independent Board Chairman        Against   Against    Shareholder


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

WPP GROUP PLC

Ticker:       WPP            Security ID:  G9787H105
Meeting Date: DEC 21, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve that the Satisfaction of the      For       For        Management
      Awards Due to Sir Martin Sorrell Under
      the WPP Group plc 2004 Leadership Equity
      Acquisition Plan Granted in 2004 be
      Deferred
2     Approve that the Satisfaction of the      For       For        Management
      Awards Due to Sir Martin Sorrell Under
      the Deferred Stock Units Award Agreements
      Dated 16 August 2004 be Deferred


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

WPP GROUP PLC

Ticker:       WPP            Security ID:  G9787H105
Meeting Date: JUN 24, 2008   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 9.13 Pence Per  For       For        Management
      Ordinary Share
3     Elect Timothy Shriver as Director         For       For        Management
4     Re-elect Orit Gadiesh as Director         For       For        Management
5     Re-elect Stanley Morten as Director       For       For        Management
6     Re-elect Koichiro Naganuma as Director    For       For        Management
7     Re-elect Esther Dyson as Director         For       For        Management
8     Re-elect John Quelch as Director          For       For        Management
9     Re-elect Mark Read as Director            For       For        Management
10    Re-elect Paul Spencer as Director         For       For        Management
11    Re-elect Sir Martin Sorrell as Director   For       For        Management
12    Reappoint Deloitte & Touche LLP as        For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
13    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 43,812,326.40
14    Authorise 117,155,289 Ordinary Shares for For       For        Management
      Market Purchase
15    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,867,764.45
16    Approve Remuneration Report               For       For        Management
17    Adopt New Articles of Association         For       For        Management
18    Subject to the Passing of Resolution 17,  For       For        Management
      Amend Articles of Association Re:
      Directors' Conflicts of Interest
19    Amend WPP Group plc Annual Bonus Deferral For       For        Management
      Programme
20    Authorise the Company to Defer            For       For        Management
      Satisfaction of the Awards Due to Sir
      Martin Sorrell Under the WPP Group plc
      2004 Leadership Equity Acquisition Plan
      Granted in 2005


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

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       For        Management
5     Adopt MacBride Principles                 Against   Against    Shareholder
6     Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation
7     Report on Sustainability and Food Safety  Against   Against    Shareholder
      in the Supply Chain
8     Report on Animal Welfare Policies         Against   Against    Shareholder




============================ DAVIS REAL ESTATE FUND ============================


ALEXANDER & BALDWIN, INC.

Ticker:       ALEX           Security ID:  014482103
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  FEB 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director W. Blake Baird             For       For        Management
1.2   Elect Director Michael J. Chun            For       For        Management
1.3   Elect Director W. Allen Doane             For       For        Management
1.4   Elect Director Walter A. Dods, Jr.        For       For        Management
1.5   Elect Director Charles G. King            For       For        Management
1.6   Elect Director Constance H. Lau           For       For        Management
1.7   Elect Director Douglas M. Pasquale        For       For        Management
1.8   Elect Director Maryanna G. Shaw           For       For        Management
1.9   Elect Director Jeffrey N. Watanabe        For       For        Management
2     Ratify Auditors                           For       For        Management


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

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Ticker:       ARE            Security ID:  015271109
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 31, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joel S. Marcus             For       For        Management
1.2   Elect Director James H. Richardson        For       For        Management
1.3   Elect Director Richard B. Jennings        For       For        Management
1.4   Elect Director John L. Atkins, III        For       For        Management
1.5   Elect Director Richard H. Klein           For       For        Management
1.6   Elect Director Martin A. Simonetti        For       For        Management
1.7   Elect Director Alan G. Walton             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

AMB PROPERTY CORP.

Ticker:       AMB            Security ID:  00163T109
Meeting Date: MAY 8, 2008    Meeting Type: Annual
Record Date:  MAR 6, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director T. Robert Burke            For       For        Management
2     Elect Director David A. Cole              For       For        Management
3     Elect Director Lydia H. Kennard           For       For        Management
4     Elect Director J. Michael Losh            For       For        Management
5     Elect Director Hamid R. Moghadam          For       For        Management
6     Elect Director Frederick W. Reid          For       For        Management
7     Elect Director Jeffrey L. Skelton         For       For        Management
8     Elect Director Thomas W. Tusher           For       For        Management
9     Elect Director Carl B. Webb               For       For        Management
10    Ratify Auditors                           For       For        Management


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

AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael A. Callen          For       For        Management
1.2   Elect Director Jill M. Considine          For       For        Management
1.3   Elect Director Philip N. Duff             For       For        Management
1.4   Elect Director Thomas C. Theobald         For       For        Management
1.5   Elect Director Laura S. Unger             For       For        Management
1.6   Elect Director Henry D.G. Wallace         For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     Ratify Auditors                           For       For        Management


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

AMERICAN CAMPUS COMMUNITIES, INC.

Ticker:       ACC            Security ID:  024835100
Meeting Date: MAY 8, 2008    Meeting Type: Annual
Record Date:  MAR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William C. Bayless, Jr.   For       For        Management
1.2   Elect  Director R.D. Burck                For       For        Management
1.3   Elect  Director G. Steven Dawson          For       For        Management
1.4   Elect  Director Cydney C. Donnell         For       For        Management
1.5   Elect  Director Edward Lowenthal          For       For        Management
1.6   Elect  Director Brian B. Nickel           For       For        Management
1.7   Elect  Director Scott H. Rechler          For       For        Management
1.8   Elect  Director Winston W. Walker         For       For        Management
2     Ratify Auditors                           For       For        Management


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

AVALONBAY COMMUNITIES, INC.

Ticker:       AVB            Security ID:  053484101
Meeting Date: MAY 21, 2008   Meeting Type: Annual
Record Date:  MAR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Bryce Blair                For       For        Management
1.2   Elect Director Bruce A. Choate            For       For        Management
1.3   Elect Director John J. Healy, Jr.         For       For        Management
1.4   Elect Director Gilbert M. Meyer           For       For        Management
1.5   Elect Director Timothy J. Naughton        For       For        Management
1.6   Elect Director Lance R. Primis            For       For        Management
1.7   Elect Director Peter S. Rummell           For       For        Management
1.8   Elect Director H. Jay Sarles              For       For        Management
2     Ratify Auditors                           For       For        Management


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

BOSTON PROPERTIES INC.

Ticker:       BXP            Security ID:  101121101
Meeting Date: MAY 12, 2008   Meeting Type: Annual
Record Date:  MAR 20, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Lawrence S. Bacow          For       For        Management
1.2   Elect Director Zoe Baird                  For       For        Management
1.3   Elect Director Alan J. Patricof           For       For        Management
1.4   Elect Director Martin Turchin             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

BRIXTON PLC

Ticker:       BXTN           Security ID:  G15932109
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Reappoint Ernst & Young LLP as Auditors   For       For        Management
      and Authorise the Board to Determine
      Their Remuneration
4     Approve Final Dividend of 8.8 Pence Per   For       For        Management
      Ordinary Share
5     Re-elect Steven Owen as Director          For       For        Management
6     Elect Peter Dawson as Director            For       For        Management
7     Elect Steven Lee as Director              For       For        Management
8     Elect Mark Moran as Director              For       For        Management
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 12,232,591
10    Subject to the Passing of Resolution 9,   For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,383,370
11    Authorise 27,066,963 Ordinary Shares for  For       For        Management
      Market Purchase
12    Adopt New Articles of Association         For       For        Management


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

BURLINGTON NORTHERN SANTA FE CORP.

Ticker:       BNI            Security ID:  12189T104
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  FEB 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Alan L. Boeckmann          For       For        Management
2     Elect Director Donald G. Cook             For       For        Management
3     Elect Director Vilma S. Martinez          For       For        Management
4     Elect Director Marc F. Racicot            For       For        Management
5     Elect Director Roy S. Roberts             For       For        Management
6     Elect Director Matthew K. Rose            For       For        Management
7     Elect Director Marc J. Shapiro            For       For        Management
8     Elect Director J.C. Watts, Jr.            For       For        Management
9     Elect Director Robert H. West             For       For        Management
10    Elect Director J. Steven Whisler          For       For        Management
11    Elect Director Edward E. Whitacre, Jr.    For       For        Management
12    Ratify Auditors                           For       For        Management
13    Advisory Vote to Ratify Named Executive   Against   Against    Shareholder
      Officers' Compensation


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

COGDELL SPENCER, INC.

Ticker:       CSA            Security ID:  19238U107
Meeting Date: MAY 29, 2008   Meeting Type: Annual
Record Date:  APR 1, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James Cogdell              For       For        Management
1.2   Elect Director Frank Spencer	        For       For        Management
1.3   Elect Director John Georgius		For 	  For	     Management
1.4   Elect Director Richard Jennings		For 	  For	     Management
1.5   Elect Director Chrisopher Lee		For 	  For	     Management
1.6   Elect Director David Lubar		For 	  For	     Management
1.7   Elect Director Richard Neugent		For 	  For	     Management
1.8   Elect Director Scott Ransom		For 	  For	     Management
1.9   Elect Director Randolph Smoak		For 	  For	     Management
2     Ratify Auditors                           For       For        Management
3     Approve Exchange of Alternative OP Units	For 	  For 	     Management


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


CORPORATE OFFICE PROPERTIES TRUST, INC.

Ticker:       OFC            Security ID:  22002T108
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert L. Denton           For       For        Management
1.2   Elect Director Randall M. Griffin         For       For        Management
2     Declassify the Board of Directors         For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Ratify Auditors                           For       For        Management


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

COUSINS PROPERTIES INC.

Ticker:       CUZ            Security ID:  222795106
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  MAR 20, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Thomas D. Bell, Jr.        For       For        Management
1.2   Elect Director Erskine B. Bowles          For       For        Management
1.3   Elect Director James D. Edwards           For       For        Management
1.4   Elect Director Lillian C. Giornelli       For       For        Management
1.5   Elect Director S. Taylor Glover           For       For        Management
1.6   Elect Director James H. Hance, Jr.        For       For        Management
1.7   Elect Director W.B. Harrison, Jr.         For       For        Management
1.8   Elect  Director Boone A. Knox             For       For        Management
1.9   Elect Director William Porter Payne       For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

DCT INDUSTRIAL TRUST INC.

Ticker:       DCT            Security ID:  233153105
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAR 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas G. Wattles         For       For        Management
1.2   Elect  Director Philip L. Hawkins         For       For        Management
1.3   Elect  Director Phillip R. Altinger       For       For        Management
1.4   Elect  Director Thomas F. August          For       For        Management
1.5   Elect  Director John S. Gates, Jr.        For       For        Management
1.6   Elect  Director Tripp H. Hardin           For       For        Management
1.7   Elect  Director James R. Mulvihill        For       For        Management
1.8   Elect  Director John C. O'Keeffe          For       For        Management
1.9   Elect  Director Bruce L. Warwick          For       For        Management
2     Ratify Auditors                           For       For        Management


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

DERWENT LONDON PLC

Ticker:       DLN LN         Security ID:  G27300105
Meeting Date: JUN 5, 2008    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 15 Pence Per    For       For        Management
      Ordinary Share
4     Re-elect John Ivey as Director            For       For        Management
5     Re-elect Simon Silver as Director         For       For        Management
6     Re-elect Chris Odom as Director           For       For        Management
7     Re-elect Robert Farnes as Director        For       For        Management
8     Re-elect Simon Neathercoat as Director    For       For        Management
9     Elect David Silverman as Director         For       For        Management
10    Reappoint BDO Stoy Hayward LLP as         For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 1,678,386.55
12    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 251,758
13    Authorise 10,070,319 Ordinary Shares for  For       For        Management
      Market Purchase
14    Adopt New Articles of Association         For       For        Management
15    Amend Derwent London plc Performance      For       For        Management
      Share Plan
16    Approve Derwent London Employee Share     For       For        Management
      Option Plan


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

DIGITAL REALTY TRUST INC.

Ticker:       DLR            Security ID:  253868103
Meeting Date: MAY 5, 2008    Meeting Type: Annual
Record Date:  MAR 6, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard A. Magnuson        For       For        Management
1.2   Elect Director Michael F. Foust           For       For        Management
1.3   Elect Director Laurence A. Chapman        For       For        Management
1.4   Elect Director Kathleen Earley            For       For        Management
1.5   Elect Director Ruann F. Ernst, Ph.D.      For       For        Management
1.6   Elect Director Dennis E. Singleton        For       For        Management
2     Ratify Auditors                           For       For        Management


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

ESSEX PROPERTY TRUST, INC.

Ticker:       ESS            Security ID:  297178105
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  FEB 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director David W. Brady             For       For        Management
1.2   Elect Director Robert E. Larson           For       For        Management
1.3   Elect Director Michael J. Schall          For       For        Management
1.4   Elect Director Willard H. Smith, Jr.      For       For        Management
2     Ratify Auditors                           For       For        Management


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

FEDERAL REALTY INVESTMENT TRUST

Ticker:       FRT            Security ID:  313747206
Meeting Date: MAY 7, 2008    Meeting Type: Annual
Record Date:  MAR 19, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Trustee Warren M. Thompson          For       For        Management
2     Elect Trustee Donald C. Wood              For       For        Management
3     Ratify Auditors                           For       For        Management
4     Declassify the Board of Trustees          Against   Against    Shareholder


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

FIRST POTOMAC REALTY TRUST

Ticker:       FPO            Security ID:  33610F109
Meeting Date: MAY 22, 2008   Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee Robert H. Arnold            For       For        Management
1.2   Elect Trustee Richard B. Chess            For       For        Management
1.3   Elect Trustee Douglas J. Donatelli        For       For        Management
1.4   Elect Trustee Louis T. Donatelli          For       For        Management
1.5   Elect Trustee J. Roderick Heller, III     For       For        Management
1.6   Elect Trustee R. Michael McCullough       For       For        Management
1.7   Elect Trustee Alan G. Merten              For       For        Management
1.8   Elect Trustee Terry L.Stevens             For       For        Management


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

FLORIDA EAST COAST INDUSTRIES, INC.

Ticker:       FLA            Security ID:  340632108
Meeting Date: JUL 24, 2007   Meeting Type: Special
Record Date:  JUN 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

FOREST CITY ENTERPRISES, INC.

Ticker:       FCE.A          Security ID:  345550107
Meeting Date: JUN 19, 2008   Meeting Type: Annual
Record Date:  APR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael P. Esposito, Jr    For       For        Management
1.2   Elect Director Joan K. Shafran            For       For        Management
1.3   Elect Director Louis Stokes               For       For        Management
1.4   Elect Director Stan Ross                  For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Executive Short-Term Incentive Plan For       For        Management
4     Amend Executive Long-Term Incentive Plan  For       For        Management
5     Ratify Auditors                           For       For        Management


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

GENERAL GROWTH PROPERTIES, INC.

Ticker:       GGP            Security ID:  370021107
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Matthew Bucksbaum          For       For        Management
1.2   Elect Director Bernard Freibaum           For       For        Management
1.3   Elect Director Beth Stewart               For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

GRAMERCY CAPITAL CORP

Ticker:       GKK            Security ID:  384871109
Meeting Date: FEB 13, 2008   Meeting Type: Special
Record Date:  JAN 2, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with           For       For        Management
      Acquisition
2     Adjourn Meeting                           For       For        Management


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

GRAMERCY CAPITAL CORP

Ticker:       GKK            Security ID:  384871109
Meeting Date: JUN 25, 2008   Meeting Type: Annual
Record Date:  APR 4, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jeffrey E. Kelter          For       For        Management
1.2   Elect Director Charles S. Laven           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Qualified Employee Stock Purchase For       For        Management
      Plan


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

KIMCO REALTY CORP.

Ticker:       KIM            Security ID:  49446R109
Meeting Date: MAY 13, 2008   Meeting Type: Annual
Record Date:  MAR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Milton Cooper              For       For        Management
1.2   Elect Director Richard G. Dooley          For       For        Management
1.3   Elect Director Michael J. Flynn           For       For        Management
1.4   Elect Director Joe Grills                 For       For        Management
1.5   Elect Director David B. Henry             For       For        Management
1.6   Elect Director F. Patrick Hughes          For       For        Management
1.7   Elect Director Frank Lourenso             For       For        Management
1.8   Elect Director Richard Saltzman           For       For        Management
1.9   Elect Director Philip Coviello            For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

MINERVA PLC

Ticker:       MNR LN         Security ID:  G6139T100
Meeting Date: NOV 15, 2007   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect John Matthews as Director           For       For        Management
4     Elect John McNeil as Director             For       For        Management
5     Re-elect Salmaan Hasan as Director        For       For        Management
6     Re-elect Clive Richards as Director       For       For        Management
7     Re-elect Christopher Sheridan as Director For       For        Management
8     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 13,431,197
10    Subject to the Passing of Resolution 9,   For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,014,679
11    Authorise up to 24,160,038 Ordinary       For       For        Management
      Shares for Market Purchase


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

MITSUBISHI ESTATE CO. LTD.

Ticker:       8802 JP        Security ID:  J43916113
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAR 31, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 8
2.1   Elect Director Mr. Kimura                 For       For        Management
2.2   Elect Director Mr. Iizuka                 For       For        Management
2.3   Elect Director Mr. Nagashima              For       For        Management
2.4   Elect Director Mr. Danno                  For       For        Management
2.5   Elect Director Mr. Endo                   For       For        Management
2.6   Elect Director Mr. Suzuki                 For       For        Management
2.7   Elect Director Mr. Takagi                 For       For        Management
2.8   Elect Director Mr. Ito                    For       For        Management
2.9   Elect Director Mr. Sugiyama               For       For        Management
2.10  Elect Director Mr. Matsuhashi             For       For        Management
2.11  Elect Director Mr. Tokiwa                 For       For        Management
2.12  Elect Director Mr. Okamoto                For       For        Management
2.13  Elect Director Mr. Tomioka                For       For        Management
3.1   Elect Internal Statutory Auditor Mr. Hata For       For        Management
3.2   Elect Internal Statutory Auditor          For       For        Management
      Mr. Hasegawa


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

MITSUI FUDOSAN CO. LTD.

Ticker:       8801 JP        Security ID:  J4509L101
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAR 31, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 11
2.1   Elect Internal Statutory Auditor		For       For        Management
      Mr. Isobe
2.2   Elect Internal Statutory Auditor          For       For        Management
      Mr. Hasegawa
3     Approve Payment of Annual Bonuses to      For       For        Management
      Directors


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

REGENCY CENTERS CORP.

Ticker:       REG            Security ID:  758849103
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  FEB 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Martin E. Stein, Jr.      For       For        Management
1.2   Elect  Director Raymond L. Bank           For       For        Management
1.3   Elect  Director C. Ronald Blankenship     For       For        Management
1.4   Elect  Director A.R. Carpenter            For       For        Management
1.5   Elect  Director J. Dix Druce, Jr.         For       For        Management
1.6   Elect  Director Mary Lou Fiala            For       For        Management
1.7   Elect  Director Bruce M. Johnson          For       For        Management
1.8   Elect  Director Douglas S. Luke           For       For        Management
1.9   Elect  Director John C. Schweitzer        For       For        Management
1.10  Elect  Director Thomas G. Wattles         For       For        Management
1.11  Elect  Director Terry N. Worrell          For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

TAUBMAN CENTERS, INC.

Ticker:       TCO            Security ID:  876664103
Meeting Date: MAY 29, 2008   Meeting Type: Annual
Record Date:  APR 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ronald W. Tysoe            For       For        Management
1.2   Elect Director Robert S. Taubman          For       For        Management
1.3   Elect Director Lisa A. Payne              For       For        Management
1.4   Elect Director William U. Parfet          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Declassify the Board of Directors         Against   For        Shareholder


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

TOLL BROTHERS, INC.

Ticker:       TOL            Security ID:  889478103
Meeting Date: MAR 12, 2008   Meeting Type: Annual
Record Date:  JAN 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert I. Toll             For       For        Management
1.2   Elect Director Bruce E. Toll              For       For        Management
1.3   Elect Director Joel H. Rassman            For       For        Management
2     Approve Executive Incentive Bonus Plan    For       Against    Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     Approve Repricing of Options              For       Against    Management
6     Ratify Auditors                           For       For        Management


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

U-STORE-IT TRUST

Ticker:       YSI            Security ID:  91274F104
Meeting Date: MAY 6, 2008    Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director J.C. (Jack) Dannemiller    For       For        Management
1.2   Elect Director W.M. Diefenderfer III      For       For        Management
1.3   Elect Director Harold S. Haller           For       For        Management
1.4   Elect Director Daniel B. Hurwitz          For       For        Management
1.5   Elect Director Dean Jernigan              For       For        Management
1.6   Elect Director Marianne M. Keler          For       For        Management
1.7   Elect Director David J. Larue             For       For        Management
2     Ratify Auditors                           For       For        Management


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

VENTAS, INC.

Ticker:       VTR            Security ID:  92276F100
Meeting Date: MAY 19, 2008   Meeting Type: Annual
Record Date:  MAR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Debra A. Cafaro           For       For        Management
1.2   Elect  Director Douglas Crocker II        For       For        Management
1.3   Elect  Director Ronald G. Geary           For       For        Management
1.4   Elect  Director Jay M. Gellert            For       For        Management
1.5   Elect  Director Robert D. Reed            For       For        Management
1.6   Elect  Director Sheli Z. Rosenberg        For       For        Management
1.7   Elect  Director James D. Shelton          For       For        Management
1.8   Elect  Director Thomas C. Theobald        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Eliminate the Board's Ability to grant    For       For        Management
      Waivers


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

VORNADO REALTY TRUST

Ticker:       VNO            Security ID:  929042109
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  MAR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Trustee Anthony W. Deering          For       For        Management
1.2   Elect Trustee Michael Lynne               For       For        Management
1.3   Elect Trustee Robert H. Smith             For       For        Management
1.4   Elect Trustee Ronald G. Targan            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require a Majority Vote for the Election  Against   For        Shareholder
      of Trustees


============================ DAVIS GOVERNMENT BOND =============================


The Fund did not hold any voting securities and accordingly
did not vote any proxies during the reporting period.

======================== DAVIS GOVERNMENT MONEY MARKET =========================


The Fund did not hold any voting securities and accordingly
did not vote any proxies during the reporting period.


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