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 85706
__________________________________________________________
(Address of principal executive offices)	(Zip code)

Registrant's telephone number, including area code:

(520) 806-5008

Date of fiscal year end: 12/31/2005

Date of reporting period: 07/01/2004-06/30/2005

			SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940,
the registrant has duly casued 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 30, 2005

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*********************************************  FORM N-PX REPORT  *****************************
ICA File Number: 811-02679
Reporting Period: 07/01/2004 - 06/30/2005
Davis Series, Inc.
===================================== DAVIS APPRECIATION & INCOME FUND =======================


Company:        AutoZone Inc
Ticker:         AZO             Country:                     United States
Cusip / Sedol:  053332102 / 2065Meeting Type:                A
Meeting Date:   Dec. 16 2004    Record Date:                 Oct. 21 2004
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Charles M. Elson       For          Management   For
            1.02            1000Elect Earl G. Graves Jr.     For          Management   For
            1.03            1000Elect N. Gerry House         For          Management   For
            1.04            1000Elect J.R. Hyde III          For          Management   For
            1.05            1000Elect Edward S. Lampert      For          Management   For
            1.06            1000Elect W. Andrew McKenna      For          Management   For
            1.07            1000Elect Steve Odland           For          Management   For
            1.08            1000Elect James J. Postl         For          Management   For
               2            1560Approve Annual Bonus Plan    For          Management   For
               3            1010Ratify Selection of Auditors For          Management   For

Company:        Costco Wholesale Corp
Ticker:         COST            Country:                     United States
Cusip / Sedol:  22160K105 / 2701Meeting Type:                A
Meeting Date:   Jan. 27 2005    Record Date:                 Dec. 3 2004
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Richard D. DiCerchio   For          Management   For
            1.02            1000Elect Richard M. Libenson    For          Management   For
            1.03            1000Elect John W. Meisenbach     For          Management   For
            1.04            1000Elect Charles T. Munger      For          Management   For
            1.05            1000Elect Susan L. Decker        For          Management   For
               2            1501Amend Stock Incentive Plan   For          Management   For
               3            3681SP-Monitor/adopt ILO
				convention		     Against      Shareholder  Against
               4            3440SP-Preserve/report on
				natural habitat		     Against      Shareholder  Against
               5            1010Ratify selection of auditors For          Management   For

Company:        Citigroup Inc
Ticker:         C               Country:                     United States
Cusip / Sedol:  172967101 / 2297Meeting Type:                A
Meeting Date:   April 19 2005   Record Date:                 Feb. 25 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect C. Michael Armstrong   For          Management   For
            1.02            1000Elect Alain J.P. Belda       For          Management   For
            1.03            1000Elect George David           For          Management   For
            1.04            1000Elect Kenneth T. Derr        For          Management   For
            1.05            1000Elect John Deutch            For          Management   For
            1.06            1000Elect Roberto H. Ramirez     For          Management   For
            1.07            1000Elect Ann Dibble Jordan      For          Management   For
            1.08            1000Elect Klaus Kleinfeld        For          Management   For
            1.09            1000Elect Dudley C. Mecum II     For          Management   For
             1.1            1000Elect Anne M. Mulcahy        For          Management   For
            1.11            1000Elect Richard D. Parsons     For          Management   For
            1.12            1000Elect Charles Prince         For          Management   For
            1.13            1000Elect Judith Rodin           For          Management   For
            1.14            1000Elect Robert E. Rubin        For          Management   For
            1.15            1000Elect Franklin A. Thomas     For          Management   For
            1.16            1000Elect Sanford I. Weill       For          Management   For
            1.17            1000Elect Robert B. Willumstad   For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1502Add Shares to Stock Incentive
				Plan 			     For          Management   For
               4            2400SP-Restrict executive comp.  Against      Shareholder  Against
               5            3220SP-Review political spending Against      Shareholder  Against
               6            2214SP-Independent board chairmanAgainst      Shareholder  Against
               7            2400SP-Restrict executive comp.  Against      Shareholder  Against
               8            2111SP-Majority vote to elect
				direstors 		     Against      Shareholder  For
               9            2400SP-Restrict executive compensAgainst      Shareholder  Against
              10            2320SP-Eliminate supermajority
				provision		     Against      Shareholder  Against

Company:        General Growth Properties Inc
Ticker:         GGP             Country:                     United States
Cusip / Sedol:  370021107 / 2363Meeting Type:                A
Meeting Date:   May 4 2005      Record Date:                 March 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Matthew Bucksbaum      For          Management   For
            1.02            1000Elect Bernard Freibaum       For          Management   For
            1.03            1000Elect Beth A. Stewart        For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1502Add Shares to Stock Incentive
				Plan			     For          Management   For
               4            2111SP-Majority vote to elect
				directors		     Against      Shareholder  Against

Company:        Occidental Petroleum Corp
Ticker:         OXY             Country:                     United States
Cusip / Sedol:  674599105 / 2655Meeting Type:                A
Meeting Date:   May 6 2005      Record Date:                 March 3 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Spencer Abraham        For          Management   For
            1.02            1000Elect Ronald W. Burkle       For          Management   For
            1.03            1000Elect John S. Chalsty        For          Management   For
            1.04            1000Elect Edward P. Djerejian    For          Management   For
            1.05            1000Elect R. Chad Dreier         For          Management   For
            1.06            1000Elect John E. Feick          For          Management   For
            1.07            1000Elect Ray R. Irani           For          Management   For
            1.08            1000Elect Irvin W. Maloney       For          Management   For
            1.09            1000Elect Rodolfo Segovia        For          Management   For
             1.1            1000Elect Aziz D. Syriani        For          Management   For
            1.11            1000Elect Rosemary Tomich        For          Management   For
            1.12            1000Elect Walter L. Weisman      For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1500Adopt the 2005 Long-Term
				Incentive Plan		     For          Management   For
               4            2906SP-Shareholder statements
				againts mgt. proposals	     Against      Shareholder  Against
               5            2414SP-Golden parachutes         Against      Shareholder  Against

Company:        Developers Diversified Realty Corp
Ticker:         DDR             Country:                     United States
Cusip / Sedol:  251591103 / 2259Meeting Type:                A
Meeting Date:   May 10 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
               1            1332Approve board size           For          Management   For
            2.01            1000Elect Dean S. Adler          For          Management   For
            2.02            1000Elect Terrance R. Ahern      For          Management   For
            2.03            1000Elect Mohsen Anvari          For          Management   For
            2.04            1000Elect Robert H. Gidel        For          Management   For
            2.05            1000Elect Victor B. MacFarlane   For          Management   For
            2.06            1000Elect Craig Macnab           For          Management   For
            2.07            1000Elect Scott D. Roulston      For          Management   For
            2.08            1000Elect Barry A. Sholem        For          Management   For
            2.09            1000Elect William B. Summers Jr. For          Management   For
             2.1            1000Elect Scott A. Wolstein      For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Masco Corp
Ticker:         MAS             Country:                     United States
Cusip / Sedol:  574599106 / 2570Meeting Type:                A
Meeting Date:   May 10 2005     Record Date:                 March 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Verne G. Istock        For          Management   For
            1.02            1000Elect David L. Johnston      For          Management   For
            1.03            1000Elect J. Michael Losh        For          Management   For
            1.04            1000Elect Dennis W. Archer       For          Management   For
               2            1500Adopt the 2005 Long Term
				Incentive Plan		     For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        AvalonBay Communities Inc
Ticker:         AVB             Country:                     United States
Cusip / Sedol:  053484101 / 2131Meeting Type:                A
Meeting Date:   May 11 2005     Record Date:                 March 9 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Bryce Blair            For          Management   For
            1.02            1000Elect Bruce A. Choate        For          Management   For
            1.03            1000Elect John J. Healy Jr.      For          Management   For
            1.04            1000Elect Gilbert M. Meyer       For          Management   For
            1.05            1000Elect Charles D. Peebler Jr. For          Management   For
            1.06            1000Elect Lance R. Primis        For          Management   For
            1.07            1000Elect Allan D. Schuster      For          Management   For
            1.08            1000Elect Amy P. Williams        For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        CenterPoint Properties Trust
Ticker:         CNT             Country:                     United States
Cusip / Sedol:  151895109 / 2180Meeting Type:                A
Meeting Date:   May 16 2005     Record Date:                 March 10 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Nicholas C. Babson     For          Management   For
            1.02            1000Elect Martin Barber          For          Management   For
            1.03            1000Elect Norman R. Bobins       For          Management   For
            1.04            1000Elect Alan D. Feld           For          Management   For
            1.05            1000Elect Paul S. Fisher         For          Management   For
            1.06            1000Elect John S. Gates Jr.      For          Management   For
            1.07            1000Elect Donald A. King Jr.     For          Management   For
            1.08            1000Elect Michael M. Mullen      For          Management   For
            1.09            1000Elect Thomas E. Robinson     For          Management   For
             1.1            1000Elect John C. Staley         For          Management   For
            1.11            1000Elect Robert L. Stovall      For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        WCI Communities Inc
Ticker:         WCI             Country:                     United States
Cusip / Sedol:  92923C104 / 2850Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
               1            1402Repeal classified board      For          Management   For
            2.01            1000Elect Hilliard M. Eure III   For          Management   For
            2.02            1000Elect Alfred Hoffman Jr.     For          Management   For
            2.03            1000Elect Stewart Turley         For          Management   For

Company:        SL Green Realty
Ticker:         SLG             Country:                     United States
Cusip / Sedol:  78440X101 / 4632Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 30 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Marc Holliday          For          Management   For
            1.02            1000Elect John S. Levy           For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1500Adopt the 2005 Stock Option
				and Incentive Plan	     For          Management   For

Company:        Penney (J C) Co
Ticker:         JCP             Country:                     United States
Cusip / Sedol:  708160106 / 2680Meeting Type:                A
Meeting Date:   May 20 2005     Record Date:                 March 21 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Thomas J. Engibous     For          Management   For
            1.02            1000Elect Kent B. Foster         For          Management   For
            1.03            1000Elect Leonard H. Roberts     For          Management   For
            1.04            1000Elect Myron E. Ullman III    For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1500Adopt the 2005 Equity Comp.  For          Management   For
               4            2300SP-Repeal classified board   Against      Shareholder  For

Company:        Waste Connections Inc
Ticker:         WCN             Country:                     United States
Cusip / Sedol:  941053100 / 2248Meeting Type:                A
Meeting Date:   May 25 2005     Record Date:                 March 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Eugene V. Dupreau      For          Management   For
            1.02            1000Elect Robert H. Davis        For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Quanta Services Inc
Ticker:         PWR             Country:                     United States
Cusip / Sedol:  74762E102 / 2150Meeting Type:                A
Meeting Date:   May 26 2005     Record Date:                 March 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect James R. Ball          For          Management   For
            1.02            1000Elect John R. Colson         For          Management   For
            1.03            1000Elect Bernard Fried          For          Management   For
            1.04            1000Elect Louis C. Golm          For          Management   For
            1.05            1000Elect Worthing F. Jackman    For          Management   For
            1.06            1000Elect Bruce Ranck            For          Management   For
            1.07            1000Elect Gary A. Tucci          For          Management   For
            1.08            1000Elect John R. Wilson         For          Management   For
               2            1010Ratify selection of auditors For          Management   For



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

Company:        H&R Block, Inc.
Ticker:         HRB             Country:                     United States
Cusip / Sedol:  093671105       Meeting Type:                A
Meeting Date:   Sept. 8 2004    Record Date:                 June 30 2004
                Issue                                        MRV          Sponsor      Final vote
               1                Elect Directors              For          Management   For
               2                Increase Authorized Common
				Stock			     For          Management   For
               3                Amend Non-Employee Director
				Stock Option Plan	     For          Management   For
               4                Amend Stock Option Plan      For          Management   For
               5                Ratify Auditors              For          Management   For

Company:        Tyco International Ltd
Ticker:         TYC             Country:
Cusip / Sedol:  902124106 / 2038Meeting Type:                A
Meeting Date:   March 10 2005   Record Date:                 Jan. 10 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Dennis C. Blair        For          Management   For
            1.02            1000Elect Edward D. Breen        For          Management   For
            1.03            1000Elect George W. Buckley      For          Management   For
            1.04            1000Elect Brian Duperreault      For          Management   For
            1.05            1000Elect Bruce S. Gordon        For          Management   For
            1.06            1000Elect Rajiv L. Gupta         For          Management   For
            1.07            1000Elect John A. Krol           For          Management   For
            1.08            1000Elect Mackey J. McDonald     For          Management   For
            1.09            1000Elect H. Carl McCall         For          Management   For
             1.1            1000Elect Brendan R. O'Neill     For          Management   For
            1.11            1000Elect Sandra S. Wijnberg     For          Management   For
            1.12            1000Elect Jerome B. York         For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Fifth Third Bancorp
Ticker:         FITB            Country:                     United States
Cusip / Sedol:  316773100 / 2336Meeting Type:                A
Meeting Date:   March 22 2005   Record Date:                 Jan. 31 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect James P. Hackett       For          Management   For
            1.02            1000Elect Joan R. Herschede      For          Management   For
            1.03            1000Elect Robert L. Koch II      For          Management   For
            1.04            1000Elect Kenneth W. Lowe        For          Management   For
            1.05            1000Elect Thomas W. Traylor      For          Management   For
               2            1341Give board authority to set
				board size 		     For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Progressive Corp
Ticker:         PGR             Country:                     United States
Cusip / Sedol:  743315103 / 2705Meeting Type:                A
Meeting Date:   April 15 2005   Record Date:                 Feb. 17 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Charles A. Davis       For          Management   For
            1.02            1000Elect Bernadine P. Healy     For          Management   For
            1.03            1000Elect Jeffrey D. Kelly       For          Management   For
               2            1340No shareholder approval to
				fill vacancy		     For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Citigroup Inc
Ticker:         C               Country:                     United States
Cusip / Sedol:  172967101 / 2297Meeting Type:                A
Meeting Date:   April 19 2005   Record Date:                 Feb. 25 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect C. Michael Armstrong   For          Management   For
            1.02            1000Elect Alain J.P. Belda       For          Management   For
            1.03            1000Elect George David           For          Management   For
            1.04            1000Elect Kenneth T. Derr        For          Management   For
            1.05            1000Elect John Deutch            For          Management   For
            1.06            1000Elect Roberto H. Ramirez     For          Management   For
            1.07            1000Elect Ann Dibble Jordan      For          Management   For
            1.08            1000Elect Klaus Kleinfeld        For          Management   For
            1.09            1000Elect Dudley C. Mecum II     For          Management   For
             1.1            1000Elect Anne M. Mulcahy        For          Management   For
            1.11            1000Elect Richard D. Parsons     For          Management   For
            1.12            1000Elect Charles Prince         For          Management   For
            1.13            1000Elect Judith Rodin           For          Management   For
            1.14            1000Elect Robert E. Rubin        For          Management   For
            1.15            1000Elect Franklin A. Thomas     For          Management   For
            1.16            1000Elect Sanford I. Weill       For          Management   For
            1.17            1000Elect Robert B. Willumstad   For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1502Add Shares to Stock Incentive
				Plan			     For          Management   For
               4            2400SP-Restrict executive comp.  Against      Shareholder  Against
               5            3220SP-Review political spending
			    or lobbying			     Against      Shareholder  Against
               6            2214SP-Independent board chairmanAgainst      Shareholder  Against
               7            2400SP-Restrict executive comp.  Against      Shareholder  Against
               8            2111SP-Majority vote to elect
			    directors			     Against      Shareholder  For
               9            2400SP-Restrict executive comp.  Against      Shareholder  Against
              10            2320SP-Eliminate supermajority
			    provison			     Against      Shareholder  Against

Company:        Cincinnati Financial Corp
Ticker:         CINF            Country:                     United States
Cusip / Sedol:  172062101 / 2196Meeting Type:                A
Meeting Date:   April 23 2005   Record Date:                 Feb. 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Kenneth C. Lichtendahl For          Management   For
            1.02            1000Elect W. Rodney McMullen     For          Management   For
            1.03            1000Elect Thomas R. Schiff       For          Management   For
            1.04            1000Elect John F. Steele Jr.     For          Management   For
            1.05            1000Elect Larry R. Webb          For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1100Increase authorized common
			    stock			     For          Management   For
               4            1500Adopt Stock Incentive Plan   For          Management   For
               5            1510Adopt Director Stock
			    Incentive Plan		     For          Management   For

Company:        Golden West Financial Corp
Ticker:         GDW             Country:                     United States
Cusip / Sedol:  381317106 / 2375Meeting Type:                A
Meeting Date:   April 26 2005   Record Date:                 March 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Louis J. Galen         For          Management   For
            1.02            1000Elect Antonia Hernandez      For          Management   For
            1.03            1000Elect Bernard A. Osher       For          Management   For
               2            1500Adopt Stock Incentive Plan   For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Moody's Corp
Ticker:         MCO             Country:                     United States
Cusip / Sedol:  615369105 / 2252Meeting Type:                A
Meeting Date:   April 26 2005   Record Date:                 March 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Robert R. Glauber      For          Management   For
            1.02            1000Elect Connie Mack            For          Management   For
            1.03            1000Elect Nancy S. Newcomb       For          Management   For
               2            1100Increase authorized common
			    stock Plan			     For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        American Express
Ticker:         AXP             Country:                     United States
Cusip / Sedol:  025816109 / 2026Meeting Type:                A
Meeting Date:   April 27 2005   Record Date:                 Feb. 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Daniel F. Akerson      For          Management   For
            1.02            1000Elect Charlene Barshefsky    For          Management   For
            1.03            1000Elect William G. Bowen       For          Management   For
            1.04            1000Elect Ursula M. Burns        For          Management   For
            1.05            1000Elect Kenneth I. Chenault    For          Management   For
            1.06            1000Elect Peter R. Dolan         For          Management   For
            1.07            1000Elect Vernon E. Jordan Jr.   For          Management   For
            1.08            1000Elect Jan Leschly            For          Management   For
            1.09            1000Elect Richard A. McGinn      For          Management   For
             1.1            1000Elect Edward D. Miller       For          Management   For
            1.11            1000Elect Frank P. Popoff        For          Management   For
            1.12            1000Elect Robert D. Walter       For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            2400SP-Restrict executive compensAgainst      Shareholder  Against
               4            3220SP-Review political spending Against      Shareholder  Against

Company:        Altria Group Inc
Ticker:         MO              Country:                     United States
Cusip / Sedol:  02209S103 / 2692Meeting Type:                A
Meeting Date:   April 28 2005   Record Date:                 March 7 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Elizabeth E. Bailey    For          Management   For
            1.02            1000Elect Harold Brown           For          Management   For
            1.03            1000Elect Mathis Cabiallavetta   For          Management   For
            1.04            1000Elect Loius C. Camilleri     For          Management   For
            1.05            1000Elect Dudley Fishburn        For          Management   For
            1.06            1000Elect Robert E.R. Huntley    For          Management   For
            1.07            1000Elect Thomas W. Jones        For          Management   For
            1.08            1000Elect George Munoz           For          Management   For
            1.09            1000Elect Lucio A. Noto          For          Management   For
             1.1            1000Elect John S. Reed           For          Management   For
            1.11            1000Elect Carlos Slim Helu       For          Management   For
            1.12            1000Elect Stephen M. Wolf        For          Management   For
               2            1500Adopt the 2005 Performance
			    Incentive Plan                   For          Management   For
               3            1510Adopt the 2005 Stock
			    Compensation Plan for Non-Employees
			    Directors			     For          Management   For
               4            1010Ratify selection of auditors For          Management   For
               5            3320SP-Review or promote animal
			    welfare	  		     Against      Shareholder  Against
               6            3308SP-Review or reduce tobacco
			    harm to health                   Against      Shareholder  Against
               7            3308SP-Review or reduce tobacco
                            harm to health                   Against      Shareholder  Against
               8            3308SP-Review or reduce tobacco
                            harm to health                   Against      Shareholder  Against

Company:        Berkshire Hathaway
Ticker:         BRK             Country:                     United States
Cusip / Sedol:  084670108 / 2093Meeting Type:                A
Meeting Date:   April 30 2005   Record Date:                 March 2 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Warren E. Buffett      For          Management   For
            1.02            1000Elect Charles T. Munger      For          Management   For
            1.03            1000Elect Howard G. Buffett      For          Management   For
            1.04            1000Elect Malcolm G. Chace III   For          Management   For
            1.05            1000Elect William H. Gates III   For          Management   For
            1.06            1000Elect David S. Gottesman     For          Management   For
            1.07            1000Elect Charlotte Guyman       For          Management   For
            1.08            1000Elect Donald R. Keough       For          Management   For
            1.09            1000Elect Thomas S. Murphy       For          Management   For
             1.1            1000Elect Ronald L. Olson        For          Management   For
            1.11            1000Elect Walter Scott Jr.       For          Management   For
               2            1132Amend dual class common stockFor          Management   For
               3            1132Amend dual class common stockFor          Management   For

Company:        Dun & Bradstreet Corp
Ticker:         DNB             Country:                     United States
Cusip / Sedol:  26483E100 / 2636Meeting Type:                A
Meeting Date:   May 3 2005      Record Date:                 March 14 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Steven Alesio          For          Management   For
            1.02            1000Elect Ronald L. Kuehn Jr.    For          Management   For
            1.03            1000Elect Naomi O. Seligman      For          Management   For
            1.04            1000Elect Michael J. Winkler     For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1501Amend Stock Incentive Plan   For          Management   For
               4            1511Amend Director Stock
				Incentive Plan               For          Management   For

Company:        Loews Corp
Ticker:         LTR             Country:                     United States
Cusip / Sedol:  540424108 / 2523Meeting Type:                A
Meeting Date:   May 10 2005     Record Date:                 March 14 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Joseph L. Bower        For          Management   For
            1.02            1000Elect John Brademas          For          Management   For
            1.03            1000Elect Charles M. Diker       For          Management   For
            1.04            1000Elect Paul J. Fribourg       For          Management   For
            1.05            1000Elect Walter L. Harris       For          Management   For
            1.06            1000Elect Philip A. Laskawy      For          Management   For
            1.07            1000Elect Gloria R. Scott        For          Management   For
            1.08            1000Elect Andrew H. Tisch        For          Management   For
            1.09            1000Elect James S. Tisch         For          Management   For
             1.1            1000Elect Jonathan M. Tisch      For          Management   For
            1.11            1000Elect Preston R. Tisch       For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1502Add Shares to Stock IncentiveFor          Management   For
                            1501Amend Stock Incentive Plan
               4            1560Approve annual bonus plan    For          Management   For
               5            2220SP-Adopt cumulative voting   Against      Shareholder  For
               6            3220SP-Review political spending
				or lobbing		     Against      Shareholder  Against
               7            3308SP-Review or reduce tobacco
				harm to health               Against      Shareholder  Against
               8            3308SP-Review or reduce tobacco
				harm to health 		     Against      Shareholder  Against

Company:        Commerce Bancorp Inc
Ticker:         CBH             Country:                     United States
Cusip / Sedol:  200519106 / 2192Meeting Type:                A
Meeting Date:   May 17 2005     Record Date:                 April 1 2005
                Issue                                        MRV          Sponsor     Final vote
            1.01            1000Elect Vernon W. Hill II      For          Management  Withhold
            1.02            1000Elect Jack R. Bershad        For          Management  Withhold
            1.03            1000Elect Joseph E. Buckelew     For          Management  Withhold
            1.04            1000Elect Donald T. DiFrancesco  For          Management  Withhold
            1.05            1000Elect Morton N. Kerr         For          Management  Withhold
            1.06            1000Elect Steven M. Lewis        For          Management  Withhold
            1.07            1000Elect John K Lloyd           For          Management  Withhold
            1.08            1000Elect George E. Norcross III For          Management  Withhold
            1.09            1000Elect Daniel J. Ragone       For          Management  Withhold
             1.1            1000Elect William A. Schwartz Jr.For          Management  Withhold
            1.11            1000Elect Joseph T. Tarquini Jr. For          Management  Withhold
            1.12            1000Elect Joseph S. Vassalluzzo  For          Management  Withhold
               2            1010Ratify selection of auditors For          Management  For

Company:        JPMorgan Chase & Co
Ticker:         JPM             Country:                     United States
Cusip / Sedol:  46625H100 / 2190Meeting Type:                A
Meeting Date:   May 17 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Hans W. Becherer       For          Management   For
            1.02            1000Elect John H. Biggs          For          Management   For
            1.03            1000Elect Lawrence A. Bossidy    For          Management   For
            1.04            1000Elect Stephen B. Burke       For          Management   For
            1.05            1000Elect James S. Crown         For          Management   For
            1.06            1000Elect James Dimon            For          Management   For
            1.07            1000Elect Ellen V. Futter        For          Management   For
            1.08            1000Elect William H. Gray III    For          Management   For
            1.09            1000Elect William B. Harrison Jr.For          Management   Withhold
             1.1            1000Elect Laban P. Jackson Jr.   For          Management   For
            1.11            1000Elect John W. Kessler        For          Management   For
            1.12            1000Elect Robert I. Lipp         For          Management   For
            1.13            1000Elect Richard A. Manoogian   For          Management   For
            1.14            1000Elect David C. Novak         For          Management   For
            1.15            1000Elect Lee R. Raymond         For          Management   For
            1.16            1000Elect William C. Weldon      For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1500Adopt the 2005 Long-Term InceFor          Management   For
               4            2203SP-Director tenure/retirement
			    age				     Against      Shareholder  Against
               5            2214SP-Independent board chairmanAgainst      Shareholder  Against
               6            2400SP-Restrict executive comp.  Against      Shareholder  Against
               7            2400SP-Restrict executive comp.  Against      Shareholder  Against

Company:        Transatlantic Holdings Inc
Ticker:         TRH             Country:                     United States
Cusip / Sedol:  893521104 / 2900Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect James Balog            For          Management   For
            1.02            1000Elect Steven.J Bensinger     For          Management   For
            1.03            1000Elect C. Fred Bergsten       For          Management   For
            1.04            1000Elect Tomio Higuchi          For          Management   For
            1.05            1000Elect John J. Mackowski      For          Management   For
            1.06            1000Elect Robert F. Orlich       For          Management   For
            1.07            1000Elect Martin J. Sullivan     For          Management   For
            1.08            1000Elect Thomas R. Tizzio       For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Sealed Air Corp
Ticker:         SEE             Country:                     United States
Cusip / Sedol:  81211K100 / 2232Meeting Type:                A
Meeting Date:   May 20 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Hank Brown             For          Management   For
            1.02            1000Elect Michael Chu            For          Management   For
            1.03            1000Elect Lawrence R. Codey      For          Management   For
            1.04            1000Elect T.J. Dermot Dunphy     For          Management   For
            1.05            1000Elect Charles F. Farrell Jr. For          Management   For
            1.06            1000Elect William V. Hickey      For          Management   For
            1.07            1000Elect Jacqueline B. Kosecoff For          Management   For
            1.08            1000Elect Kenneth P. Manning     For          Management   For
            1.09            1000Elect William J. Marino      For          Management   For
               2            1530Adopt the 2005 Contingent
			    Stock Plan 			     For          Management   For
               3            1581Amend annual bonus plan      For          Management   For
               4            1010Ratify selection of auditors For          Management   For
Company:        Markel Corp
Ticker:         MKL             Country:                     United States
Cusip / Sedol:  570535104 / 2566Meeting Type:                A
Meeting Date:   May 23 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect J. Alfred Broaddus Jr. For          Management   For
            1.02            1000Elect Douglas C. Eby         For          Management   For
            1.03            1000Elect Leslie A. Grandis      For          Management   For
            1.04            1000Elect Stewart M. Kasen       For          Management   For
            1.05            1000Elect Alan I. Kirshner       For          Management   For
            1.06            1000Elect Anthony F. Markel      For          Management   For
            1.07            1000Elect Steven A. Markel       For          Management   For
            1.08            1000Elect Jay M. Weinberg        For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1581Amend annual bonus plan      For          Management   For

Company:        Everest Re Group Ltd
Ticker:         RE              Country:                     United States
Cusip / Sedol:  G3223R108 / 2556Meeting Type:                A
Meeting Date:   May 25 2005     Record Date:                 March 29 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Thomas J. Gallagher    For          Management   For
            1.02            1000Elect William F. Galtney Jr. For          Management   Withhold
               2            1010Ratify selection of auditors For          Management   For
               3            1511Amend Director Stock
				Incentive Plan		     For          Management   Against
               4            1581Amend annual bonus plan      For          Management   For

Company:        FPIC Insurance Group
Ticker:         FPIC            Country:                     United States
Cusip / Sedol:  302563101 / 5776Meeting Type:                A
Meeting Date:   June 1 2005     Record Date:                 April 6 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Kenneth M. Kirschner   For          Management   For
            1.02            1000Elect Guy T. Selander        For          Management   For
            1.03            1000Elect David M. Shapiro       For          Management   For
               2            1511Amend Director Stock
				Incentive Plan		     For          Management   For
               3            1501Amend Stock Incentive Plan   For          Management   For

Company:        China Life Insurance Co Ltd
Ticker:         LFC             Country:                     China
Cusip / Sedol:  16939P106 / 2196Meeting Type:                A
Meeting Date:   June 16 2005    Record Date:                 May 13 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4030Authorize legal formalities  For          Management   For
               2            4030Authorize legal formalities  For          Management   For
               3            4020Approve financial statements For          Management   For
               4            4230Approve directors' fees      For          Management   For
                            4231Approve supervisory board/corp. assembly fees
               5            4012Appoint auditors and set their
				fees			     For          Management   For
               6            4330Amend board powers/procedures
				/qualifications		     For          Management   For
                            4034Amend meeting procedures/change date
                            4321Amend board/supervisory board size
               7            4100Issue stock w/o preemptive
				rights 			     For          Management   For
                            4153Amend articles to reflect capital inc/decrease


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

Company:        Camden Property Trust
Ticker:         CPT             Country:                     United States
Cusip / Sedol:  133131102       Meeting Type:                S
Meeting Date:   Feb. 28 2005    Record Date:                 Jan. 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Approval of Merger Agreement For          Management   For

Company:        Duke Realty Corporation
Ticker:         DRE             Country:                     United States
Cusip / Sedol:  264411505       Meeting Type:                A
Meeting Date:   Apr. 27 2005    Record Date:                 Feb. 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Barrington Branch      For          Management   For
            1.02                Elect Geoffrey Button        For          Management   For
            1.03                Elect William Cavanaugh, III For          Management   For
            1.04                Elect Ngaire Cuneo           For          Management   For
            1.05                Elect Charles Eitel          For          Management   For
            1.06                Elect R. Glenn Hubbard       For          Management   For
            1.07                Elect Martin Jischke         For          Management   For
            1.08                Elect L. Ben Lytle           For          Management   For
            1.09                Elect William McCoy          For          Management   For
             1.1                Elect John Nelley, Jr.       For          Management   For
            1.11                Elect Dennis D. Oklak        For          Management   For
            1.12                Elect Jack Shaw              For          Management   For
            1.13                Elect Robert Woodward, Jr.   For          Management   For
               2                Elect John Nelley, Jr.       For          Management   For
               3                Amendment to Anti-Dilution
				Provisions of Previously Existing
				Long-term Incentive Plans    For          Management   For
               4                Ratification of Auditor      For          Management   For
               5                SP- Regarding Annual
				Disclosure of related party
				Transactions		     Against      Shareholder  Against

Company:        CarrAmerica Realty Corporation
Ticker:         CRE             Country:                     United States
Cusip / Sedol:  1444418100      Meeting Type:                A
Meeting Date:   April 28 2005   Record Date:                 March 4 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                ElectBryce Blair             For          Management   For
            1.02                Elect Andrew Brimmer         For          Management   For
            1.03                Elect Thomas Carr            For          Management   For
            1.04                Elect Joan Carter            For          Management   For
            1.05                Elect Philip Hawkins         For          Management   For
            1.06                Elect Robert Torray          For          Management   For
            1.07                Elect Wesley Williams, Jr.   For          Management   For
            1.06                Elect Robert Torray          For          Management   For
               2                Ratification of Auditor      For          Management   For

Company:        United Dominion Realty Trust, Inc.
Ticker:         UDR             Country:                     United States
Cusip / Sedol:  910197102       Meeting Type:                A
Meeting Date:   May 3 2005      Record Date:                 March 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Eric Foss              For          Management   For
            1.02                Elect Robert Freeman         For          Management   For
            1.03                Elect Jon Grove              For          Management   For
            1.04                Elect James Klingbeil        For          Management   For
            1.05                Elect Robert Larson          For          Management   For
            1.06                Elect Thomas Oliver          For          Management   For
            1.07                Elect Lynne Sagalyn, Ph.D    For          Management   For
            1.08                Elect Mark Sandler           For          Management   For
            1.09                Elect Robert Scharar         For          Management   For
             1.1                Ratify Thomas Toomey         For          Management   For
               2                Ratification of Auditor      For          Management   For
               3                Approval of the New Out-
				Performance Program and an
				Amendment to the Series A
				Out-Performance Program      For          Management   For
               4                Authorise the Isuance of the
				of the New Series F Preferred
				Stock			     For          Management   For

Company:        General Growth Properties Inc
Ticker:         GGP             Country:                     United States
Cusip / Sedol:  370021107 / 2363Meeting Type:                A
Meeting Date:   May 4 2005      Record Date:                 March 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Matthew Bucksbaum      For          Management   For
            1.02            1000Elect Bernard Freibaum       For          Management   For
            1.03            1000Elect Beth A. Stewart        For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1502Add Shares to Stock Incentive
			    plan 			     For          Management   For
               4            2111SP-Majority vote to elect
			    directors   		     Against      Shareholder  Against

Company:        Starwood Hotels & Resorts Worldwide
Ticker:         HOT             Country:                     United States
Cusip / Sedol:  85590A203 / 2371Meeting Type:                A
Meeting Date:   May 5 2005      Record Date:                 March 17 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Charlene Barshefsky    For          Management   For
            1.02            1000Elect Jean-Marc Chapus       For          Management   For
            1.03            1000Elect Bruce W. Duncan        For          Management   For
            1.04            1000Elect Steven J. Heyer        For          Management   For
            1.05            1000Elect Eric Hippeau           For          Management   For
            1.06            1000Elect Stephen R. Quazzo      For          Management   For
            1.07            1000Elect Thomas O. Ryder        For          Management   For
            1.08            1000Elect Barry S. Sternlicht    For          Management   For
            1.09            1000Elect Daniel W. Yih          For          Management   For
             1.1            1000Elect Kneeland C. Youngblood For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1582Reapprove option/bonus plan
			    for OBRA			     For          Management   For
               4            2100SP-Adopt confidential voting Against      Shareholder  For
               5            2416SP-Expense stock options     Against      Shareholder  For

Company:        Capital Automotive REIT
Ticker:         CARS            Country:                     United States
Cusip / Sedol:  139733109       Meeting Type:                A
Meeting Date:   May 10 2005     Record Date:                 March 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Thomas D. Eckert       For          Management   For
            1.02            1000Elect Craig L. Fuller        For          Management   For
            1.03            1000Elect Paul M. Higbee         For          Management   For
            1.04            1000Elect William B. Hoglund     For          Management   For
            1.05            1000Elect David B. Kay           For          Management   For
            1.06            1000Elect R. Michael McCullough  For          Management   For
            1.07            1000Elect John J. Pohanka        For          Management   For
            1.08            1000Elect Robert M. Rosenthal    For          Management   For
            1.09            1000Elect Vincent A. Sheehy      For          Management   For
               2            1010Ratification of Auditor      For          Management   For

Company:        Developers Diversified Realty Corp
Ticker:         DDR             Country:                     United States
Cusip / Sedol:  251591103 / 2259Meeting Type:                A
Meeting Date:   May 10 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
               1            1332Approve board size           For          Management   For
            2.01            1000Elect Dean S. Adler          For          Management   For
            2.02            1000Elect Terrance R. Ahern      For          Management   For
            2.03            1000Elect Mohsen Anvari          For          Management   For
            2.04            1000Elect Robert H. Gidel        For          Management   For
            2.05            1000Elect Victor B. MacFarlane   For          Management   For
            2.06            1000Elect Craig Macnab           For          Management   For
            2.07            1000Elect Scott D. Roulston      For          Management   For
            2.08            1000Elect Barry A. Sholem        For          Management   For
            2.09            1000Elect William B. Summers Jr. For          Management   For
             2.1            1000Elect Scott A. Wolstein      For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Essex Property Trust
Ticker:         ESS             Country:                     United States
Cusip / Sedol:  297178105 / 2316Meeting Type:                A
Meeting Date:   May 10 2005     Record Date:                 Feb. 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect David W. Brady         For          Management   For
            1.02            1000Elect Robert E. Larson       For          Management   For
            1.03            1000Elect Michael J. Schall      For          Management   For
            1.04            1000Elect Willard H. Smith Jr.   For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Simon Property Group, Inc.
Ticker:         SPG             Country:                     United States
Cusip / Sedol:  828806109       Meeting Type:                A
Meeting Date:   May 11 2005     Record Date:                 March 14 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Birch Bayh             For          Management   For
            1.02                Elect Melvyn Bergstein       For          Management   For
            1.03                Elect Linda Bynoe            For          Management   For
            1.04                Elect Karen Horn, Ph.D       For          Management   For
            1.05                Elect Reuben Leibowitz       For          Management   For
            1.06                Elect J. Albert Simth, Jr.   For          Management   For
            1.07                Elect Pieter Van Den Berg    For          Management   For
               2                Ratification of Auditor      For          Management   For
               3                SP-Regarding Greenhouse Gas
				Emissions		     Against      Shareholder  Against

Company:        Boston Properties, Inc.
Ticker:         BXP             Country:                     United States
Cusip / Sedol:  101121101       Meeting Type:                A
Meeting Date:   May 11 2005     Record Date:                 March 16 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Lawrence Bacow         For          Management   For
            1.02                Elect Zoe Baird              For          Management   For
            1.03                Elect Alan Patricof          For          Management   For
            1.04                Elect Martin Turchin         For          Management   For
               2                SP Regarding Greenhouse Gas
				Against Emissions	     Against      Shareholder  Against

Company:        Plum Creek Timber Co Inc
Ticker:         PCL             Country:                     United States
Cusip / Sedol:  729251108 / 2692Meeting Type:                A
Meeting Date:   May 11 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Rick R. Holley         For          Management   For
            1.02            1000Elect Ian B. Davidson        For          Management   For
            1.03            1000Elect Robin Josephs          For          Management   For
            1.04            1000Elect John G. McDonald       For          Management   For
            1.05            1000Elect Robert B. McLeod       For          Management   For
            1.06            1000Elect Hamid R. Moghadam      For          Management   For
            1.07            1000Elect John H. Scully         For          Management   For
            1.08            1000Elect Stephen C. Tobias      For          Management   For
            1.09            1000Elect Carl B. Webb           For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            2111SP-Majority vote to elect
			    directors 			     Against      Shareholder  Against
               4            2415SP-Award performance-based
			    stock options                    Against      Shareholder  Against
               5            3220SP-Review political spending
                            or lobbying                      Against      Shareholder  Against

Company:        Brixton
Ticker:         BXTN            Country:                     United Kingdom
Cusip / Sedol:  G15932109 / 0143Meeting Type:                A
Meeting Date:   May 12 2005     Record Date:                 April 15 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4020Approve financial statements For          Management   For
               2            4210Approve remuneration policy  For          Management   For
               3            4012Appoint auditors and set
			    their fees                       For          Management   For
               4            4021To declare a dividend        For          Management   For
               5            4006To re-elect as a director
                            Steven Owen                      For          Management   For
               6            4006To re-elect as a director
                            Michael Moore                    For          Management   For
               7            4101Issue stock w/ preemptive
                            rights                           For          Management   For
               8            4100Issue stock w/o preemptive
                            rights                           For          Management   For
               9            4140Authorize share repurchase   For          Management   For

Company:        CenterPoint Properties Trust
Ticker:         CNT             Country:                     United States
Cusip / Sedol:  151895109 / 2180Meeting Type:                A
Meeting Date:   May 16 2005     Record Date:                 March 10 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Nicholas C. Babson     For          Management   For
            1.02            1000Elect Martin Barber          For          Management   For
            1.03            1000Elect Norman R. Bobins       For          Management   For
            1.04            1000Elect Alan D. Feld           For          Management   For
            1.05            1000Elect Paul S. Fisher         For          Management   For
            1.06            1000Elect John S. Gates Jr.      For          Management   For
            1.07            1000Elect Donald A. King Jr.     For          Management   For
            1.08            1000Elect Michael M. Mullen      For          Management   For
            1.09            1000Elect Thomas E. Robinson     For          Management   For
             1.1            1000Elect John C. Staley         For          Management   For
            1.11            1000Elect Robert L. Stovall      For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Kilroy Realty Corporation
Ticker:         KRC             Country:                     United States
Cusip / Sedol:  49427F108       Meeting Type:                A
Meeting Date:   May 17 2005     Record Date:                 March 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect John Kilroy, Sr.       For          Management   For
            1.02                Elect Edward Brennan, Ph.D   For          Management   For
            1.03                Elect Mathhew Hart           For          Management   For

Company:        Kimco Realty Corp
Ticker:         KIM             Country:                     United States
Cusip / Sedol:  49446R109 / 2491Meeting Type:                A
Meeting Date:   May 17 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Martin S. Kimmel       For          Management   For
            1.02            1000Elect Milton Cooper          For          Management   For
            1.03            1000Elect Richard G. Dooley      For          Management   For
            1.04            1000Elect Michael J. Flynn       For          Management   For
            1.05            1000Elect Joe Grills             For          Management   For
            1.06            1000Elect David B. Henry         For          Management   For
            1.07            1000Elect F. Patrick Hughes      For          Management   For
            1.08            1000Elect Frank Lourenso         For          Management   For
            1.09            1000Elect Richard Saltzman       For          Management   For
               2            1100Increase authorized common stFor          Management   For
                            1133Increase authorized dual     For          Management   For
				class common stock

Company:        Vornado Realty Trust
Ticker:         VNO             Country:                     United States
Cusip / Sedol:  929042109       Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 April 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Anthony Deering        For          Management   For
            1.02                Elect Michael Lynne          For          Management   For
            1.03                Elect Robert H. Smith        For          Management   For
            1.04                Elect Ronald Targan          For          Management   For
               2                Ratification of Auditor      For          Management   For

Company:        Gramercy Capital Corp
Ticker:         GKK             Country:                     United States
Cusip / Sedol:  384871109       Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 March 30 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Hugh Hall              For          Management   For
            1.02                Elect Jeffrey E. Kelter      For          Management   For
            1.03                Ratification of Auditor      For          Management   For

Company:        WCI Communities, Inc.
Ticker:         WCI Communities,Country:                     United States
Cusip / Sedol:  92923C104       Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 March 25 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01                Elect Hilliard Eure, III     For          Management   For
            1.02                Elect Alfred Hoffman, Jr.    For          Management   For
            1.03                Stewart Turley               For          Management   For

Company:        Alexandria Real Estate Equities
Ticker:         ARE             Country:                     United States
Cusip / Sedol:  015271109       Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 31, 2005
            1.01                Elect Jerry M. Sudarsky      For          Management   For
            1.02                Elect Joel S. Marcus         For          Management   For
            1.03                Elect James H. Richardson    For          Management   For
            1.04                Elect Richard B. Jennings    For          Management   For
            1.05                Elect Richard H Klien        For          Management   For
            1.06                Elect Alan G. Ealton, Ph.D.  For          Management   For
            1.07                Elect Richmond A. Wolf       For          Management   For
               2                Ratification od Auditor      For          Management   For

Company:        Corporate Office Properties Trust
Ticker:         OFC             Country:                     United States
Cusip / Sedol:  22002T108       Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 15 2005
            1.01                Elect Robert L. Denton       For          Management   For
            1.02                Elect Randall M. Griffin     For          Management   For

Company:        Equity Office Properties Trust
Ticker:         EOP             Country:                     United States
Cusip / Sedol:  294741103       Meeting Type:                A
Meeting Date:   May 24 2005     Record Date:                 March 17 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Marilyn lexander       For          Management   For
            1.02            1000Elect Thomas Dobroski        For          Management   For
            1.03            1000Elect William Goodyear       For          Management   For
            1.04            1000Elect James Harper, Jr.      For          Management   For
            1.05            1000Elect Richard Kincaid        For          Management   For
            1.06            1000Elect David McKown           For          Management   For
            1.07            1000Elect Sheli Rosenberg        For          Management   For
            1.08            1000Elect Stephen Sadove         For          Management   For
            1.09            1000Elect Sally Susman           For          Management   For
             1.1            1000Elect Jan van der Vlist      For          Management   For
            1.11            1900Elect Samuel Zell            For          Management   For
               2            1010Ratification of Auditor      For          Management   For

Company:        IStar Financial
Ticker:         SFI             Country:                     United States
Cusip / Sedol:  45031U101 / 2259Meeting Type:                A
Meeting Date:   May 25 2005     Record Date:                 April 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Jay Sugarman           For          Management   For
            1.02            1000Elect Willis Andersen Jr.    For          Management   For
            1.03            1000Elect Robert W. Holman Jr.   For          Management   For
            1.04            1000Elect Robin Josephs          For          Management   For
            1.05            1000Elect John G. McDonald       For          Management   For
            1.06            1000Elect George R. Puskar       For          Management   For
            1.07            1000Elect Jeffrey A. Weber       For          Management   For
               2            1900Misc. executive pay          For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Mills Corp
Ticker:         MLS             Country:                     United States
Cusip / Sedol:  601148109 / 2887Meeting Type:                A
Meeting Date:   June 7 2005     Record Date:                 April 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Laurence C. Siegel     For          Management   For
            1.02            1000Elect Franz von Perfall      For          Management   For
            1.03            1000Elect Christina L. Rose      For          Management   For
            1.04            1000Elect Colombe M. Nicholas    For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Forest City Enterprises
Ticker:         FCE             Country:                     United States
Cusip / Sedol:  345550107 / 2346Meeting Type:                A
Meeting Date:   June 21 2005    Record Date:                 April 26 2005
                Issue                                        MRV          Sponsor      Final vote
             1.1            1000Elect Michael P. Esposito Jr.For          Management   For
            1.11            1000Elect Joan K. Shafran        For          Management   For
            1.12            1000Elect Louis Stokes           For          Management   For
            1.13            1000Elect Stan Ross              For          Management   For
               2            1501Amend Stock Incentive Plan   For          Management   For
               3            1010Ratify selection of auditors For          Management   For

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

Company:        Apogent Technolies Inc.
Ticker:         AOT             Country:                     United States
Cusip / Sedol:  03760A101       Meeting Type:                A
Meeting Date:   Sept 2 2004     Record Date:                 May 14 2004
                Issue                                        MRV          Sponsor      Final vote
               1                Approve Merger Agreement     For          Management   For
               2                Adjourn Meeting              For          Management   Against

Company:        Hunter Douglas
Ticker:         HUDN NA         Country:                     Netherlands
Cusip / Sedol:  N4327C122 / 5291Meeting Type:                A
Meeting Date:   Aug 11 2004     Record Date:                 July 30 2004
                Issue                                        MRV          Sponsor      Final vote
               1                Open Meeting                 None         Management   None
               2                Appoint Ernst & Young AuditorFor          Management   For
               3                Close Meeting                None         Management   None

Company:        BMC Software Inc.
Ticker:         BMC             Country:                     United States
Cusip / Sedol:  055921100       Meeting Type:                A
Meeting Date:   Aug 24 2004     Record Date:                 June 6 2004
                Issue                                        MRV          Sponsor      Final vote
               1                Elect Directors              For          Management   For
               2                Ratify Auditors              For          Management   For

Company:        WH Smith Plc
Ticker:         SMWH LN         Country:                     United Kingdom
Cusip / Sedol:  G8927V107       Meeting Type:                A
Meeting Date:   Sept 23 2004    Record Date:                 unknown
                Issue                                        MRV          Sponsor      Final vote
               1                Approve Sale of the Company's
				Entire Holding of shs in
				Hodder Headline Ltd to
				Hachette Livre SA	     For          Management   For
               2                Approve Return of Cash to
				Shareholders by the Company  For          Management   For
               3                Amend Articles of Association
                                Re: Borrowing Powers         For          Management   For
               4                Approve WH Smith 2004
                                Management Investment Plan   For          Management   For
               5                Amend WH Smith Sharesave
                                Scheme 1999  		     For          Management   For

Company:        Cardinal Health Inc
Ticker:         CAH             Country:                     United States
Cusip / Sedol:  14149Y108 / 2175Meeting Type:                A
Meeting Date:   Dec. 8 2004     Record Date:                 Oct. 25 2004
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect George H. Conrades     For          Management   For
            1.02            1000Elect Robert L. Gerbig       For          Management   For
            1.03            1000Elect Richard C. Notebaert   For          Management   Withhold
               2            1581Amend Annual Bonus Plan      For          Management   Against
               3            2300SP-Repeal Classified Board   Against      Shareholder  For

Company:        Taiwan Semiconductor Manufacturing
Ticker:         TSM             Country:                     Taiwan
Cusip / Sedol:  874039100 / 2113Meeting Type:                S
Meeting Date:   Dec. 21 2004    Record Date:                 unknown
                Issue                                        MRV          Sponsor      Final vote
               1            4025Amend Dividend Distribution
                                Rules                        For          Management   For

Company:        Costco Wholesale Corp
Ticker:         COST            Country:                     United States
Cusip / Sedol:  22160K105 / 2701Meeting Type:                A
Meeting Date:   Jan. 27 2005    Record Date:                 Dec. 3 2004
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Richard D. DiCerchio   For          Management   For
            1.02            1000Elect Richard M. Libenson    For          Management   For
            1.03            1000Elect John W. Meisenbach     For          Management   For
            1.04            1000Elect Charles T. Munger      For          Management   For
            1.05            1000Elect Susan L. Decker        For          Management   For
               2            1501Amend Stock Incentive Plan   For          Management   For
               3            3681SP-Monitor/adopt ILO
                            conventions                      Against      Shareholder  Against
               4            3440SP-Preserve/report on
                            natural habitat                  Against      Shareholder  Against
               5            1010Ratify selection of auditors For          Management   For

Company:        Reynolds & Reynolds
Ticker:         REY             Country:                     United States
Cusip / Sedol:  761695105 / 2733Meeting Type:                A
Meeting Date:   Feb. 17 2005    Record Date:                 Dec. 14 2004
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Stephanie W. Bergeron  For          Management   For
            1.02            1000Elect David E. Fry           For          Management   For
            1.03            1000Elect Richard H. Grant III   For          Management   For
            1.04            1000Elect Ira D. Hall            For          Management   For
               2            1540Adopt director stock award
                            plan 			     For          Management   For
               3            1582Reapprove option/bonus plan
                            for OBRA                         For          Management   For
               4            1010Ratify selection of auditors For          Management   Against

Company:        Agilent Technologies Inc
Ticker:         A               Country:                     United States
Cusip / Sedol:  00846U101 / 2520Meeting Type:                A
Meeting Date:   March 1 2005    Record Date:                 Jan. 3 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Heidi Kunz             For          Management   For
            1.02            1000Elect David M. Lawrence      For          Management   For
            1.03            1000Elect Addison Barry Rand     For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1560Approve annual bonus plan    For          Management   For

Company:        Tyco International Ltd
Ticker:         TYC             Country:                     United States
Cusip / Sedol:  902124106 / 2038Meeting Type:                A
Meeting Date:   March 10 2005   Record Date:                 Jan. 10 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Dennis C. Blair        For          Management   For
            1.02            1000Elect Edward D. Breen        For          Management   For
            1.03            1000Elect George W. Buckley      For          Management   For
            1.04            1000Elect Brian Duperreault      For          Management   For
            1.05            1000Elect Bruce S. Gordon        For          Management   For
            1.06            1000Elect Rajiv L. Gupta         For          Management   For
            1.07            1000Elect John A. Krol           For          Management   For
            1.08            1000Elect Mackey J. McDonald     For          Management   For
            1.09            1000Elect H. Carl McCall         For          Management   For
             1.1            1000Elect Brendan R. O'Neill     For          Management   For
            1.11            1000Elect Sandra S. Wijnberg     For          Management   For
            1.12            1000Elect Jerome B. York         For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        SK Telecom
Ticker:                         Country:                     Korea South
Cusip / Sedol:  78440P108 / 5333Meeting Type:                A
Meeting Date:   March 11 2005   Record Date:                 Dec. 31 2004
                Issue                                        MRV          Sponsor      Final vote
               1                Approve financial statements For          Management   For
               2                Set Final Dividend at 9300.00For          Management   For
               3                Amend board/supervisory board
				size                         For          Management   For
               4                Approve directors' fees      For          Management   For
               5                Election of directors by
				slate			     For          Management   For
               6                Elect board committee        For          Management   For

Company:        Sears Holdings Corp
Ticker:         SHLD            Country:                     United States
Cusip / Sedol:  812350106 / 2634Meeting Type:                S
Meeting Date:   March 24 2005   Record Date:                 Jan. 26 2005
                Issue                                        MRV          Sponsor      Final vote
               1            1200Approve merger/acquisition   For          Management   For
            2.01            1350Approve non-technical charter
				Amendments		     For          Management   For
            2.02            1350Approve non-technical charter
				Amendments		     For          Management   For
               3            1562Approve option/stock awards  For          Management   For

Company:        Sempra Energy
Ticker:         SRE             Country:                     United States
Cusip / Sedol:  816851109 / 2138Meeting Type:                A
Meeting Date:   April 5 2005    Record Date:                 Feb. 18 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Richard A. Collato     For          Management   For
            1.02            1000Elect Denise K. Fletcher     For          Management   For
            1.03            1000Elect William C. Rusnack     For          Management   For
            1.04            1000Elect William P. Rutledge    For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            2416SP-Expense stock options     Against      Shareholder  For
               4            2300SP-Repeal classified board   Against      Shareholder  For
               5            2415SP-Award performance-based
                            stock options                    Against      Shareholder  For
               6            2310SP-Redeem or vote on poison
                            pill                             Against      Shareholder  For

Company:        Julius Baer
Ticker:         BAER SW         Country:                     Switzerland
Cusip / Sedol:  B07CYQ2         Meeting Type:                A
Meeting Date:   April 12 2005   Record Date:
                Issue                                        MRV          Sponsor      Final vote
               1                Accounts and Reports         For          Management   For
               2                Appropriation of disposable PFor          Management   For
               3                Discharge of Board of
                                Directors                    For          Management   For
               4                Creation of Single Share TypeFor          Management   For
               5                Partial Amendments to ArticleFor          Management   For
               6                Capital Reductions           For          Management   For
               7                Election to the Board of
                                Directors                    For          Management   For
               8                Appointment of the Statutory
                                and the Group Auditors       For          Management   For

Company:        Heineken Holding NV
Ticker:         HEIA            Country:                     Netherlands
Cusip / Sedol:  BOCCH46         Meeting Type:                A
Meeting Date:   April 20 2005   Record Date:                 April 13 2005
                Issue                                        MRV          Sponsor      Final vote
               1                Accounts and Reports         For          Management   For
               2                Allocation of Profits/
				Dividends		     For          Management   For
               3                Ratification of Management
                                Board Acts                   For          Management   For
               4                Ratification of Supervisory
                                Board Acts                   For          Management   For
               5                Amendments to Articles       For          Management   For
               6                Compensation Policy for
                                Management Board             For          Management   For
               7                Approval of Long-Term
                                Incentive Plan               For          Management   For
               8                Authority to Repurchase
				Shares			     For          Management   For
               9                Authority to Issues Shares w/
				or w/o preemptive rights     For          Management   For
              10                Election of Supervisory
				Board Members		     For          Management   For
              11                Supervisory Board Member's
                                Fees                         For          Management   For
              12                Authority to Issue Reports
                                in English                   For          Management   For

Company:        Brown & Brown Inc
Ticker:         BRO             Country:                     United States
Cusip / Sedol:  115236101 / 2692Meeting Type:                A
Meeting Date:   April 21 2005   Record Date:                 Feb. 23 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect J. Hyatt Brown         For          Management   For
            1.02            1000Elect Samuel P. Bell III     For          Management   For
            1.03            1000Elect Hugh M. Brown          For          Management   For
            1.04            1000Elect Bradley Currey Jr.     For          Management   For
            1.05            1000Elect Jim W. Henderson       For          Management   For
            1.06            1000Elect Theodore J. Hoepner    For          Management   For
            1.07            1000Elect David H. Hughes        For          Management   For
            1.08            1000Elect John R. Riedman        For          Management   For
            1.09            1000Elect Jan E. Smith           For          Management   For
             1.1            1000Elect Chilton D. Varner      For          Management   For
               2            1582Reapprove option/bonus plan
                            for OBRA                         For          Management   For

Company:        Cincinnati Financial Corp
Ticker:         CINF            Country:                     United States
Cusip / Sedol:  172062101 / 2196Meeting Type:                A
Meeting Date:   April 23 2005   Record Date:                 Feb. 28 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Kenneth C. Lichtendahl For          Management   For
            1.02            1000Elect W. Rodney McMullen     For          Management   For
            1.03            1000Elect Thomas R. Schiff       For          Management   For
            1.04            1000Elect John F. Steele Jr.     For          Management   For
            1.05            1000Elect Larry R. Webb          For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1100Increase authorized common
                            stock                            For          Management   For
               4            1500Adopt Stock Incentive Plan   For          Management   For
               5            1510Adopt Director Stock
                            Incentive Plan                   For          Management   For

Company:        Golden West Financial Corp
Ticker:         GDW             Country:                     United States
Cusip / Sedol:  381317106 / 2375Meeting Type:                A
Meeting Date:   April 26 2005   Record Date:                 March 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Louis J. Galen         For          Management   For
            1.02            1000Elect Antonia Hernandez      For          Management   For
            1.03            1000Elect Bernard A. Osher       For          Management   For
               2            1500Adopt Stock Incentive Plan   For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Lagardere S.C.A
Ticker:         MMB FP          Country:                     France
Cusip / Sedol:  4547213FR       Meeting Type:                A
Meeting Date:   April 27 2005   Record Date:                 April 22 2005
                Issue                                        MRV          Sponsor      Final vote
               1                Accounts and Reports;
                                Ratifiction of Management
				Acts 			     For          Management   For
               2                Consolidated Accounts and
                                Reports                      For          Management   For
               3                Transfer of Reserves         For          Management   For
               4                Allocation of Profits/
				Dividends		     For          Management   For
               5                Related Party Transactions   For          Management   For
               6                Authority to Trade in
                                Company Stock                For          Management   For
               7                Appointment of Auditor and
                                Aternate Auditor             For          Management   For
               8                Discharge of Auditor/AltenateFor          Management   For
       	       9                Authority to Issue Convertible
				Debt			     For          Management   For
              10                Authority to Issue Shares and/
				or Convertible Debt w/
				preemptive rights	     For          Management   For
              11                Authority to Issue Shares and/
				or Convertible w/out preemptive
				rights			     For          Management   For
              12                Authority to Increase Number
				of shares in case of Capital
				Increase             	     For          Management   For
              13                Authority to Increase the
                                Share Capital in case of
				Exchange offer               For          Management   For
              14                Authority to Increase
                                Authorised Capital
                                Authorized Cap under Emp Savings
                                Plan                         For          Management   For
              15                Authority to Increase
                                Authorized Cap under ESP     For          Management   For
              16                Authority to Issue Restricted
                                Stock under ESP              For          Management   For
              17                Set Ceiling on Authorized
                                Capital Increase             For          Management   For
              18                Authority to Cancel Shares
                                and Reduce Authorized CapitalFor          Management   For
              19                Authority to Carry Out
                                Formalities                  For          Management   For

Company:        Lexmark International Inc
Ticker:         LXK             Country:                     United States
Cusip / Sedol:  529771107 / 2511Meeting Type:                A
Meeting Date:   April 28 2005   Record Date:                 March 4 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect B. Charles Ames        For          Management   For
            1.02            1000Elect Ralph E. Gomory        For          Management   For
            1.03            1000Elect Marvin L. Mann         For          Management   For
            1.04            1000Elect Teresa Beck            For          Management   For
               2            1510Adopt Director Stock
                                Incentive Plan               For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Aflac Inc
Ticker:         AFL             Country:                     United States
Cusip / Sedol:  001055102 / 2026Meeting Type:                A
Meeting Date:   May 2 2005      Record Date:                 Feb. 23 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Daniel P. Amos         For          Management   For
            1.02            1000Elect J. Shelby Amos II      For          Management   For
            1.03            1000Elect Michael H. Armacost    For          Management   For
            1.04            1000Elect Kriss Cloninger III    For          Management   For
            1.05            1000Elect Joe Frank Harris       For          Management   For
            1.06            1000Elect Elizabeth J. Hudson    For          Management   For
            1.07            1000Elect Kenneth S. Janke Sr.   For          Management   For
            1.08            1000Elect Douglas W. Johnson     For          Management   For
            1.09            1000Elect Robert B. Johnson      For          Management   For
             1.1            1000Elect Charles B. Knapp       For          Management   For
            1.11            1000Elect Hidefumi Matsui        For          Management   For
            1.12            1000Elect E. Stephen Purdom      For          Management   For
            1.13            1000Elect Barbara K. Rimer       For          Management   For
            1.14            1000Elect Marvin R. Schuster     For          Management   For
            1.15            1000Elect David Gary Thompson    For          Management   For
            1.16            1000Elect Tohru Tonoike          For          Management   For
            1.17            1000Elect Robert L. Wright       For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Dun & Bradstreet Corp
Ticker:         DNB             Country:                     United States
Cusip / Sedol:  26483E100 / 2636Meeting Type:                A
Meeting Date:   May 3 2005      Record Date:                 March 14 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Steven Alesio          For          Management   For
            1.02            1000Elect Ronald L. Kuehn Jr.    For          Management   For
            1.03            1000Elect Naomi O. Seligman      For          Management   For
            1.04            1000Elect Michael J. Winkler     For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1501Amend Stock Incentive Plan   For          Management   For
               4            1511Amend Director Stock
                            Incentive Plan    		     For          Management   For

Company:        Sigma-Aldrich
Ticker:         SIAL            Country:                     United States
Cusip / Sedol:  826552101 / 2807Meeting Type:                A
Meeting Date:   May 3 2005      Record Date:                 March 7 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Nina V. Fedoroff       For          Management   For
            1.02            1000Elect David R. Harvey        For          Management   For
            1.03            1000Elect W. Lee McCollum        For          Management   For
            1.04            1000Elect William C. O'Neil Jr.  For          Management   For
            1.05            1000Elect J. Pedro Reinhard      For          Management   For
            1.06            1000Elect Timothy R.G. Sear      For          Management   For
            1.07            1000Elect D. Dean Spatz          For          Management   For
            1.08            1000Elect Barrett A. Toan        For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Providian Financial Corp
Ticker:         PVN             Country:                     United States
Cusip / Sedol:  74406A102 / 2018Meeting Type:                A
Meeting Date:   May 5 2005      Record Date:                 March 7 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect James P. Holdcroft Jr. For          Management   For
            1.02            1000Elect Ruth M. Owades         For          Management   For
            1.03            1000Elect Jane A. Truelove       For          Management   For
               2            1582Reapprove option/bonus plan
				for OBRA		     For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Fisher Scientific International Inc
Ticker:         FSH             Country:                     United States
Cusip / Sedol:  338032204 / 2345Meeting Type:                A
Meeting Date:   May 6 2005      Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Rosanne F. Coppola     For          Management   For
            1.02            1000Elect Bruce L. Koepfgen      For          Management   For
            1.03            1000Elect Paul M. Meister        For          Management   For
            1.04            1000Elect W.. Clayton Stephens   For          Management   For
            1.05            1000Elect Richard W. Vieser      For          Management   For
               2            1500Adopt Stock Incentive Plan   For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        ServiceMaster Co
Ticker:         SVM             Country:                     United States
Cusip / Sedol:  81760N109 / 2136Meeting Type:                A
Meeting Date:   May 6 2005      Record Date:                 March 9 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Roberto R. Herencia    For          Management   For
            1.02            1000Elect Louis J. Giuliano      For          Management   For
            1.03            1000Elect Betty Jane Hess        For          Management   For
            1.04            1000Elect Jonathan P. Ward       For          Management   For
            1.05            1000Elect Eileen A. Kamerick     For          Management   For
            1.06            1000Elect Coleman H. Peterson    For          Management   For
               2            1350Approve non-technical charterFor          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Lincare Holdings Inc
Ticker:         LNCR            Country:                     United States
Cusip / Sedol:  532791100 / 2515Meeting Type:                A
Meeting Date:   May 9 2005      Record Date:                 March 31 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect John P. Byrnes         For          Management   For
            1.02            1000Elect Stuart H. Altman       For          Management   For
            1.03            1000Elect Chester B. Black       For          Management   For
            1.04            1000Elect Frank D. Byrne         For          Management   For
            1.05            1000Elect Frank T. Cary          For          Management   For
            1.06            1000Elect William F. Miller III  For          Management   For

Company:        Telewest Global Inc
Ticker:         TLWT            Country:                     United States
Cusip / Sedol:  87956T107 / B01VMeeting Type:                A
Meeting Date:   May 9 2005      Record Date:                 April 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Barry R. Elson         For          Management   For
            1.02            1000Elect Michael J. McGuiness   For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1564Approve long-term bonus plan For          Management   For

Company:        AutoNation Inc
Ticker:         AN              Country:                     United States
Cusip / Sedol:  05329W102 / 2732Meeting Type:                A
Meeting Date:   May 11 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Michael J. Jackson     For          Management   For
            1.02            1000Elect Robert J. Brown        For          Management   For
            1.03            1000Elect J.P. Bryan             For          Management   For
            1.04            1000Elect Rick L. Burdick        For          Management   For
            1.05            1000Elect William C. Crowley     For          Management   For
            1.06            1000Elect Edward S. Lampert      For          Management   For
            1.07            1000Elect Irene B. Rosenfeld     For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Transocean Inc
Ticker:         RIG             Country:                     Cayman Islands
Cusip / Sedol:  G90078109 / 2821Meeting Type:                A
Meeting Date:   May 12 2005     Record Date:                 March 17 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Judy.J. Kelly          For          Management   For
            1.02            1000Elect Roberto Monti          For          Management   For
            1.03            1000Elect Ian C. Strachan        For          Management   For
               2            1522Add shares to the Employee
                            Stock Purchase Plan              For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Commerce Bancorp Inc
Ticker:         CBH             Country:                     United States
Cusip / Sedol:  200519106 / 2192Meeting Type:                A
Meeting Date:   May 17 2005     Record Date:                 April 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Vernon W. Hill II      For          Management   Withhold
            1.02            1000Elect Jack R. Bershad        For          Management   Withhold
            1.03            1000Elect Joseph E. Buckelew     For          Management   Withhold
            1.04            1000Elect Donald T. DiFrancesco  For          Management   Withhold
            1.05            1000Elect Morton N. Kerr         For          Management   Withhold
            1.06            1000Elect Steven M. Lewis        For          Management   Withhold
            1.07            1000Elect John K Lloyd           For          Management   Withhold
            1.08            1000Elect George E. Norcross III For          Management   Withhold
            1.09            1000Elect Daniel J. Ragone       For          Management   Withhold
             1.1            1000Elect William A. Schwartz Jr.For          Management   Withhold
            1.11            1000Elect Joseph T. Tarquini Jr. For          Management   Withhold
            1.12            1000Elect Joseph S. Vassalluzzo  For          Management   Withhold
               2            1010Ratify selection of auditors For          Management   For

Company:        Advance Auto Parts
Ticker:         AAP             Country:                     United States
Cusip / Sedol:  00751Y106 / 2822Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 March 30 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect John C. Brouillard     For          Management   For
            1.02            1000Elect Lawrence P. Castellani For          Management   For
            1.03            1000Elect Michael N. Coppola     For          Management   For
            1.04            1000Elect Darren R. Jackson      For          Management   For
            1.05            1000Elect William S. Oglesby     For          Management   For
            1.06            1000Elect Gilbert T. Ray         For          Management   For
            1.07            1000Elect Carlos A. Saladrigas   For          Management   For
            1.08            1000Elect William L. Salter      For          Management   For
            1.09            1000Elect Francesca Spinelli     For          Management   For
             1.1            1000Elect Nicholas F. Taubman    For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            3615SP-Adopt sexual orientation
                            anti-bias                        Against      Management   Against

Company:        IDEXX Laboratories Inc
Ticker:         IDXX            Country:                     United States
Cusip / Sedol:  45168D104 / 2459Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Thomas Craig           For          Management   For
            1.02            1000Elect Errol B. De Souza      For          Management   For
            1.03            1000Elect Rebecca M. Henderson   For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        Mohawk Industries Inc
Ticker:         MHK             Country:                     United States
Cusip / Sedol:  608190104 / 2598Meeting Type:                A
Meeting Date:   May 18 2005     Record Date:                 March 21 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect John F. Fiedler        For          Management   For
            1.02            1000Elect Jeffrey S. Lorberbaum  For          Management   For
            1.03            1000Elect Robert N. Pokelwaldt   For          Management   For

Company:        Hughes Supply Inc
Ticker:         HUG             Country:                     United States
Cusip / Sedol:  444482103 / 2443Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect David H. Hughes        For          Management   For
            1.02            1000Elect Vincent S. Hughes      For          Management   For
            1.03            1000Elect Amos R. McMullian      For          Management   For
               2            1100Increase authorized common
                                stock                        For          Management   For
                            1350Approve non-technical charter
                                amendments
               3            1500Adopt the 2005 ESP           For          Management   For
               4            1560Adopt the 2005 Annual
                            Incentive plan                   For          Management   For
               5            1030Approve other business       For          Management   Against

Company:        Marsh & McLennan Companies Inc
Ticker:         MMC             Country:                     United States
Cusip / Sedol:  571748102 / 0567Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 21 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Michael G Cherkasky    For          Management   For
            1.02            1000Elect Stephen R. Hardis      For          Management   Withhold
            1.03            1000Elect Lord Lang              For          Management   Withhold
            1.04            1000Elect Morton O. Schapiro     For          Management   Withhold
            1.05            1000Elect Adele Simmons          For          Management   Withhold
               2            1010Ratify selection of auditors For          Management   For
               3            1570Exchange underwater options  For          Management   Against
               4            2400SP-Restrict executive comp.  Against      Shareholder  Against
               5            2415SP-Award performance-based
                            stock                            Against      Shareholder  For
               6            2111SP-Majority vote to elect
                            directors                        Against      Shareholder  For

Company:        Transatlantic Holdings Inc
Ticker:         TRH             Country:                     United States
Cusip / Sedol:  893521104 / 2900Meeting Type:                A
Meeting Date:   May 19 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect James Balog            For          Management   For
            1.02            1000Elect Steven.J Bensinger     For          Management   For
            1.03            1000Elect C. Fred Bergsten       For          Management   For
            1.04            1000Elect Tomio Higuchi          For          Management   For
            1.05            1000Elect John J. Mackowski      For          Management   For
            1.06            1000Elect Robert F. Orlich       For          Management   For
            1.07            1000Elect Martin J. Sullivan     For          Management   For
            1.08            1000Elect Thomas R. Tizzio       For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               4
Company:        Sealed Air Corp
Ticker:         SEE             Country:                     United States
Cusip / Sedol:  81211K100 / 2232Meeting Type:                A
Meeting Date:   May 20 2005     Record Date:                 March 22 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Hank Brown             For          Management   For
            1.02            1000Elect Michael Chu            For          Management   For
            1.03            1000Elect Lawrence R. Codey      For          Management   For
            1.04            1000Elect T.J. Dermot Dunphy     For          Management   For
            1.05            1000Elect Charles F. Farrell Jr. For          Management   For
            1.06            1000Elect William V. Hickey      For          Management   For
            1.07            1000Elect Jacqueline B. Kosecoff For          Management   For
            1.08            1000Elect Kenneth P. Manning     For          Management   For
            1.09            1000Elect William J. Marino      For          Management   For
               2            1530Adopt the 2005 Contingent
                            Stock Plan                       For          Management   For
               3            1581Amend annual bonus plan      For          Management   For
               4            1010Ratify selection of auditors For          Management   For

Company:        Markel Corp
Ticker:         MKL             Country:                     United States
Cusip / Sedol:  570535104 / 2566Meeting Type:                A
Meeting Date:   May 23 2005     Record Date:                 March 24 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect J. Alfred Broaddus Jr. For          Management   For
            1.02            1000Elect Douglas C. Eby         For          Management   For
            1.03            1000Elect Leslie A. Grandis      For          Management   For
            1.04            1000Elect Stewart M. Kasen       For          Management   For
            1.05            1000Elect Alan I. Kirshner       For          Management   For
            1.06            1000Elect Anthony F. Markel      For          Management   For
            1.07            1000Elect Steven A. Markel       For          Management   For
            1.08            1000Elect Jay M. Weinberg        For          Management   For
               2            1010Ratify selection of auditors For          Management   For
               3            1581Amend annual bonus plan      For          Management   For

Company:        Calpine Corp
Ticker:         CPN             Country:                     United States
Cusip / Sedol:  131347106 / 2224Meeting Type:                A
Meeting Date:   May 25 2005     Record Date:                 April 1 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Peter Cartwright       For          Management   Withhold
            1.02            1000Elect Susan C. Schwab        For          Management   For
            1.03            1000Elect Susan Wang             For          Management   Withhold
               2            1402Repeal classified board      For          Management   For
               3            1010Ratify selection of auditors For          Management   For

Company:        Everest Re Group Ltd
Ticker:         RE              Country:                     United States
Cusip / Sedol:  G3223R108 / 2556Meeting Type:                A
Meeting Date:   May 25 2005     Record Date:                 March 29 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Thomas J. Gallagher    For          Management   For
            1.02            1000Elect William F. Galtney Jr. For          Management   Withhold
               2            1010Ratify selection of auditors For          Management   For
               3            1511Amend Director Stock
				Incentive Plan		     For          Management   Against
               4            1581Amend annual bonus plan      For          Management   For

Company:        Iron Mountain Inc
Ticker:         IRM             Country:                     United States
Cusip / Sedol:  462846106 / 2542Meeting Type:                A
Meeting Date:   May 26 2005     Record Date:                 April 8 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Clarke H. Bailey       For          Management   For
            1.02            1000Elect Constantin R. Boden    For          Management   For
            1.03            1000Elect Kent P. Dauten         For          Management   For
            1.04            1000Elect B. Thomas Golisano     For          Management   For
            1.05            1000Elect John F. Kenny Jr.      For          Management   For
            1.06            1000Elect Arthur D. Little       For          Management   For
            1.07            1000Elect C. Richard Reese       For          Management   For
            1.08            1000Elect Vincent J. Ryan        For          Management   For
               2            1220Approve reincorporation      For          Management   For
               3            1522Add shares to the 2003 Emp
                            Stock Purchase Plan              For          Management   For
               4            1010Ratify selection of auditors For          Management   For

Company:        Rentokil Initial PLC
Ticker:         RTO LN          Country:                     United Kingdom
Cusip / Sedol:  G75093115 / 5684Meeting Type:                A
Meeting Date:   May 26 2005     Record Date:                 April 29 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4020Approve financial statements For          Management   For
               2            4210Approve remuneration policy  For          Management   For
               3            4021To declare a dividend        For          Management   For
             4.1            4006To re-elect as a director
                            Mr BD McGowan                    For          Management   For
             4.2            4006To re-elect as a director
                            Mr Harley                        For          Management   For
               5            4006To elect director Mr Flynn   For          Management   For
               6            4012Appoint auditors and set feesFor          Management   For
               7            4140Authorize share repurchase   For          Management   For

Company:        Rentokil Initial PLC
Ticker:         RTO LN          Country:                     United Kingdom
Cusip / Sedol:  G75093115 / 5684Meeting Type:                U
Meeting Date:   May 26 2005     Record Date:                 April 28 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4500Approve restructuring/
                            recapitalization                 For          Management   For

Company:        Rentokil Initial PLC
Ticker:         RTO LN          Country:                     United Kingdom
Cusip / Sedol:  G75093115 / 5684Meeting Type:                S
Meeting Date:   May 26 2005     Record Date:                 April 28 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4500Approve restructuring/recapitFor          Management   For
                            4101Issue stock w/ preemptive rights
                            4122Increase authorized preferred stock
                            4125Authorize new stock class
                            4130Increase authorized capital
                            4146Convert one form of stock to another
                            4508Approve reincorporation

Company:        FPIC Insurance Group
Ticker:         FPIC            Country:                     United States
Cusip / Sedol:  302563101 / 5776Meeting Type:                A
Meeting Date:   June 1 2005     Record Date:                 April 6 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Kenneth M. Kirschner   For          Management   For
            1.02            1000Elect Guy T. Selander        For          Management   For
            1.03            1000Elect David M. Shapiro       For          Management   For
               2            1511Amend Director Stock
                            Incentive Plan                   For          Management   For
               3            1501Amend Stock Incentive Plan   For          Management   For

Company:        Garmin
Ticker:         GRMN            Country:                     Cayman Islands
Cusip / Sedol:  G37260109 / 2695Meeting Type:                A
Meeting Date:   June 3 2005     Record Date:                 April 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            4008Elect Donald H. Eller        For          Management   For
            1.02            4008Elect Clifton A. Pemble      For          Management   For
            1.03            4008Elect Charles W. Peffer      For          Management   For
               2            4200Approve stock option plan    For          Management   For

Company:        Covad Communications Group
Ticker:         3COVD           Country:                     United States
Cusip / Sedol:  222814204 / 2377Meeting Type:                A
Meeting Date:   June 9 2005     Record Date:                 April 15 2005
                Issue                                        MRV          Sponsor      Final vote
            1.01            1000Elect Charles E. Hoffman     For          Management   For
            1.02            1000Elect Charles McMinn         For          Management   For
               2            1010Ratify selection of auditors For          Management   For

Company:        WPP Group PLC
Ticker:         WPPGY           Country:                     United Kingdom
Cusip / Sedol:  G97974102 / 0974Meeting Type:                A
Meeting Date:   June 27 2005    Record Date:                 May 27 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4020Approve financial statements For          Management   For
               2            4021To declare a dividend        For          Management   For
               3            4006To elect director Mrs Lubna  For          Management   For
               4            4006To elect director Mr Jeffrey For          Management   For
               5            4006To elect director Mr M Read  For          Management   For
               6            4006To re-elect director Martin  For          Management   For
               7            4006To re-elect director Stanley For          Management   For
               8            4006To re-elect director Quelch  For          Management   For
               9            4012Appoint auditors and set
                            theie fee                        For          Management   For
              10            4101Issue stock w/ preemptive
                            rights                           For          Management   For
              11            4140Authorize share repurchase   For          Management   For
              12            4100Issue stock w/o
                            preemptive rights                For          Management   For
              13            4210Approve remuneration policy  For          Management   For

Company:        Hunter Douglas
Ticker:         HUDN NA         Country:                     Netherlands
Cusip / Sedol:  N4327C122 / 5291Meeting Type:                S
Meeting Date:   June 30 2005    Record Date:                 June 20 2005
                Issue                                        MRV          Sponsor      Final vote
               1            4090NV Opening of meeting        For          Management   For
               2            4046Amend articles to reflect
                            regulatory chnages               For          Management   For
               3            4501Approve merger/acquisition   For          Management   For
               4            4044Consider other business      For          Management   Against
               5            4091NV Closing of meeting        For          Management   For


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

The Fund held no securities entitled to vote at a meeting of
shareholders during the reported period.


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

The Fund held no securities entitled to vote at a meeting of
shareholders during the reported period.


* END N-PX REPORT *
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