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BNY Mellon Appreciation Fund

Filed: 20 Aug 07, 8:00pm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY 
Investment Company Act file number: 811- 3081 
Dreyfus Appreciation Fund, Inc.
(Exact name of registrant as specified in charter)
c/o The Dreyfus Corporation
200 Park Avenue
New York, New York 10166

(Address of principal executive offices) (Zip code)
Michael A. Rosenberg, Esq.
200 Park Avenue
New York, New York 10166

(Name and address of agent for service)
Registrant's telephone number, including area code: (212) 922-6000 
Date of fiscal year end: 12/31
Date of reporting period: July 1, 2006-June 30, 2007


Item 1. Proxy Voting Record

======================= DREYFUS APPRECIATION FUND, INC. ========================

ABBOTT LABORATORIES         
 
Ticker: ABT  Security ID: 002824100     
Meeting Date: APR 27, 2007  Meeting Type: Annual     
Record Date: FEB 28, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director R.S. Austin  For  For  Management 
1.2  Elect Director W.M. Daley  For  For  Management 
1.3  Elect Director W.J. Farrell  For  For  Management 
1.4  Elect Director H.L. Fuller  For  For  Management 
1.5  Elect Director R.A. Gonzalez  For  For  Management 
1.6  Elect Director D.A.L. Owen  For  For  Management 
1.7  Elect Director B. Powell Jr.  For  For  Management 
1.8  Elect Director W.A. Reynolds  For  For  Management 
1.9  Elect Director R.S. Roberts  For  For  Management 
1.10  Elect Director S.C. Scott III  For  For  Management 
1.11  Elect Director W.D. Smithburg  For  For  Management 
1.12  Elect Director G.F. Tilton  For  For  Management 
1.13  Elect Director M.D. White  For  For  Management 
 Ratify Auditors    For  For  Management 
 Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
 Separate Chairman and CEO Positions  Against  Against  Shareholder 

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ALTRIA GROUP, INC.         
 
Ticker: MO  Security ID: 02209S103     
Meeting Date: APR 26, 2007  Meeting Type: Annual     
Record Date: MAR 5, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Elizabeth E. Bailey  For  For  Management 
1.2  Elect Director Harold Brown  For  For  Management 
1.3  Elect Director Mathis Cabiallavetta  For  For  Management 
1.4  Elect Director Louis C. Camilleri  For  For  Management 
1.5  Elect Director J. Dudley Fishburn  For  For  Management 
1.6  Elect Director Robert E. R. Huntley  For  For  Management 
1.7  Elect Director Thomas W. Jones  For  For  Management 
1.8  Elect Director George Munoz  For  For  Management 
1.9  Elect Director Lucio A. Noto  For  For  Management 
1.10  Elect Director John S. Reed  For  For  Management 
1.11  Elect Director Stephen M. Wolf  For  For  Management 
 Ratify Auditors    For  For  Management 
 Provide for Cumulative Voting  Against  Against  Shareholder 
 Disclose Information on Secondhand Smoke  Against  Against  Shareholder 
 Cease Add Campaigns Oriented to Prevent  Against  Against  Shareholder 
  Youth Smoking         
 Cease Production, Promotion, and  Against  Against  Shareholder 
  Marketing of Tobacco Products       
 Adopt Animal Welfare Policy  Against  Against  Shareholder 


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AMERICAN EXPRESS CO.         
 
Ticker: AXP  Security ID:  025816109     
Meeting Date: APR 23, 2007  Meeting Type: Annual     
Record Date: FEB 28, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Daniel F. Akerson  For  For  Management 
1.2  Elect Director Charlene Barshefsky  For  For  Management 
1.3  Elect Director Ursula M. Burns  For  For  Management 
1.4  Elect Director Kenneth I. Chenault  For  For  Management 
1.5  Elect Director Peter Chernin  For  For  Management 
1.6  Elect Director Vernon E. Jordan, Jr.  For  For  Management 
1.7  Elect Director Jan Leschly  For  For  Management 
1.8  Elect Director Richard C. Levin  For  For  Management 
1.9  Elect Director Richard A. McGinn  For  For  Management 
1.10  Elect Director Edward D. Miller  For  For  Management 
1.11  Elect Director Frank P. Popoff  For  For  Management 
1.12  Elect Director Steven S. Reinemund  For  For  Management 
1.13  Elect Director Robert D. Walter  For  For  Management 
1.14  Elect Director Ronald A. Williams  For  For  Management 
 Ratify Auditors    For  For  Management 
 Approve Omnibus Stock Plan  For  For  Management 
 Provide for Cumulative Voting  Against  Against  Shareholder 

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AMERICAN INTERNATIONAL GROUP, INC.       
 
Ticker: AIG  Security ID:  026874107     
Meeting Date: MAY 16, 2007  Meeting Type: Annual     
Record Date: MAR 23, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Marshall A. Cohen  For  For  Management 
1.2  Elect Director Martin S. Feldstein  For  For  Management 
1.3  Elect Director Ellen V. Futter  For  For  Management 
1.4  Elect Director Stephen L. Hammerman  For  For  Management 
1.5  Elect Director Richard C. Holbrooke  For  For  Management 
1.6  Elect Director Fred H. Langhammer  For  For  Management 
1.7  Elect Director George L. Miles, Jr.  For  For  Management 
1.8  Elect Director Morris W. Offit  For  For  Management 
1.9  Elect Director James F. Orr, III  For  For  Management 
1.10  Elect Director Virginia M. Rometty  For  For  Management 
1.11  Elect Director Martin J. Sullivan  For  For  Management 
1.12  Elect Director Michael H. Sutton  For  For  Management 
1.13  Elect Director Edmund S.W. Tse  For  For  Management 
1.14  Elect Director Robert B. Willumstad  For  For  Management 
1.15  Elect Director Frank G. Zarb  For  For  Management 
 Ratify Auditors    For  For  Management 
 Approve Omnibus Stock Plan  For  For  Management 
 Performance-Based and/or Time-Based  Against  For  Shareholder 


 Equity Awards

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AMERIPRISE FINANCIAL, INC.         
 
Ticker: AMP  Security ID:  03076C106     
Meeting Date: APR 25, 2007  Meeting Type: Annual     
Record Date: FEB 28, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director James M. Cracchiolo  For  For  Management 
 Elect Director Warren D. Knowlton  For  For  Management 
 Elect Director H. Jay Sarles  For  For  Management 
 Elect Director Robert F. Sharpe, Jr.  For  For  Management 
 Amend Omnibus Stock Plan  For  For  Management 
 Ratify Auditors    For  For  Management 

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ANHEUSER-BUSCH COMPANIES, INC.       
 
Ticker: BUD  Security ID:  035229103     
Meeting Date: APR 25, 2007  Meeting Type: Annual     
Record Date: FEB 28, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director August A. Busch III  For  For  Management 
1.2  Elect Director August A. Busch IV  For  For  Management 
1.3  Elect Director Carlos Fernandez G.  For  For  Management 
1.4  Elect Director James R. Jones  For  For  Management 
1.5  Elect Director Andrew C. Taylor  For  For  Management 
1.6  Elect Director Douglas A. Warner III  For  For  Management 
 Approve Omnibus Stock Plan  For  For  Management 
 Approve Nonqualified Employee Stock  For  For  Management 
  Purchase Plan         
 Ratify Auditors    For  For  Management 
 Report on Charitable Contributions  Against  Against  Shareholder 

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AUTOMATIC DATA PROCESSING, INC.       
 
Ticker: ADP  Security ID:  053015103     
Meeting Date: NOV 14, 2006  Meeting Type: Annual     
Record Date: SEP 15, 2006         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Gregory D. Brenneman  For  For  Management 
1.2  Elect Director Leslie A. Brun  For  For  Management 
1.3  Elect Director Gary C. Butler  For  For  Management 
1.4  Elect Director Leon G. Cooperman  For  For  Management 
1.5  Elect Director R. Glenn Hubbard  For  For  Management 
1.6  Elect Director John P. Jones  For  For  Management 


1.7  Elect Director Ann Dibble Jordan  For  For  Management 
1.8  Elect Director Frederic V. Malek  For  For  Management 
1.9  Elect Director Henry Taub  For  For  Management 
1.10  Elect Director Arthur F. Weinbach  For  For  Management 
 Approve Executive Incentive Bonus Plan  For  For  Management 
 Ratify Auditors  For  For  Management 

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BANK OF AMERICA CORP.         
 
Ticker: BAC  Security ID:  060505104     
Meeting Date: APR 25, 2007  Meeting Type: Annual     
Record Date: MAR 2, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director William Barnet, III  For  For  Management 
 Elect Director Frank P. Bramble, Sr.  For  For  Management 
 Elect Director John T. Collins  For  For  Management 
 Elect Director Gary L. Countryman  For  For  Management 
 Elect Director Tommy R. Franks  For  For  Management 
 Elect Director Charles K. Gifford  For  For  Management 
 Elect Director W. Steven Jones  For  For  Management 
 Elect Director Kenneth D. Lewis  For  For  Management 
 Elect Director Monica C. Lozano  For  For  Management 
10  Elect Director Walter E. Massey  For  For  Management 
11  Elect Director Thomas J. May  For  For  Management 
12  Elect Director Patricia E. Mitchell  For  For  Management 
13  Elect Director Thomas M. Ryan  For  For  Management 
14  Elect Director O. Temple Sloan, Jr.  For  For  Management 
15  Elect Director Meredith R. Spangler  For  For  Management 
16  Elect Director Robert L. Tillman  For  For  Management 
17  Elect Director Jackie M. Ward  For  For  Management 
18  Ratify Auditors    For  For  Management 
19  Prohibit Executive Stock-Based Awards  Against  Against  Shareholder 
20  Change Size of Board of Directors  Against  Against  Shareholder 
21  Separate Chairman and CEO Positions  Against  Against  Shareholder 

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BERKSHIRE HATHAWAY INC.         
 
Ticker: BRK.A  Security ID:  084670108     
Meeting Date: MAY 5, 2007  Meeting Type: Annual     
Record Date: MAR 6, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Warren E. Buffett  For  For  Management 
1.2  Elect Director Charles T. Munger  For  For  Management 
1.3  Elect Director Howard G. Buffett  For  For  Management 
1.4  Elect Director Susan L. Decker  For  For  Management 
1.5  Elect Director William H. Gates III  For  For  Management 
1.6  Elect Director David S. Gottesman  For  For  Management 
1.7  Elect Director Charlotte Guyman  For  For  Management 
1.8  Elect Director Donald R. Keough  For  For  Management 


1.9  Elect Director Thomas S. Murphy  For  For  Management 
1.10  Elect Director Ronald L. Olson  For  For  Management 
1.11  Elect Director Walter Scott, Jr.  For  For  Management 
 Prohibit Investments in Foreign  Against  Against  Shareholder 
  Corporations Operating in Markets       
  Embargoed by the United States Government     

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BP PLC             
 
Ticker:  BP  Security ID: 055622104     
Meeting Date: APR 12, 2007  Meeting Type: Annual     
Record Date:  FEB 9, 2007           
 
 Proposal      Mgt Rec  Vote Cast  Sponsor 
 TO RECEIVE THE DIRECTORS  ANNUAL REPORT  For  For  Management 
  AND ACCOUNTS           
 TO APPROVE THE DIRECTORS  REMUNERATION  For  For  Management 
  REPORT             
3.1  Elect  Director Dr D C Allen  For  For  Management 
3.2  Elect  Director Lord Browne  For  For  Management 
3.3  Elect  Director Mr A Burgmans  For  For  Management 
3.4  Elect  Director Sir William Castell  For  For  Management 
3.5  Elect  Director Mr I C Conn  For  For  Management 
3.6  Elect  Director Mr E B Davis, Jr  For  For  Management 
3.7  Elect  Director Mr D J Flint  For  For  Management 
3.8  Elect  Director Dr B E Grote  For  For  Management 
3.9  Elect  Director Dr A B Hayward  For  For  Management 
3.10  Elect  Director Mr A G Inglis  For  For  Management 
3.11  Elect  Director Dr D S Julius  For  For  Management 
3.12  Elect  Director Sir Tom Mckillop  For  For  Management 
3.13  Elect  Director Mr J A Manzoni  For  For  Management 
3.14  Elect  Director Dr W E Massey  For  For  Management 
3.15  Elect  Director Sir Ian Prosser  For  For  Management 
3.16  Elect  Director Mr P D Sutherland  For  For  Management 
 Ratify Auditors      For  For  Management 
 TO GIVE LIMITED AUTHORITY TO MAKE  For  For  Management 
  POLITICAL DONATIONS AND INCUR POLITICAL       
  EXPENDITURE           
 TO AUTHORIZE THE USE OF ELECTRONIC  For  For  Management 
  COMMUNICATIONS           
 SPECIAL RESOLUTION: TO GIVE LIMITED  For  For  Management 
  AUTHORITY FOR THE PURCHASE OF ITS OWN       
  SHARES BY THE COMPANY         
 TO GIVE AUTHORITY TO ALLOT SHARES UP TO A For  For  Management 
  SPECIFIED AMOUNT           
 SPECIAL RESOLUTION: TO GIVE AUTHORITY TO  For  For  Management 
  ALLOT A LIMITED NUMBER OF SHARES FOR CASH     
  FREE OF PRE-EMPTION RIGHTS       

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CHEVRON CORPORATION

Ticker: CVX  Security ID: 166764100     
Meeting Date: APR 25, 2007  Meeting Type: Annual     
Record Date: MAR 12, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Samuel H. Armacost  For  For  Management 
 Elect Director Linnet F. Deily  For  For  Management 
 Elect Director Robert E. Denham  For  For  Management 
 Elect Director Robert J. Eaton  For  For  Management 
 Elect Director Sam Ginn  For  For  Management 
 Elect Director Franklyn G. Jenifer  For  For  Management 
 Elect Director Sam Nunn  For  For  Management 
 Elect Director David J. O'Reilly  For  For  Management 
 Elect Director Donald B. Rice  For  For  Management 
10  Elect Director Peter J. Robertson  For  For  Management 
11  Elect Director Kevin W. Sharer  For  For  Management 
12  Elect Director Charles R. Shoemate  For  For  Management 
13  Elect Director Ronald D. Sugar  For  For  Management 
14  Elect Director Carl Ware  For  For  Management 
15  Ratify Auditors    For  For  Management 
16  Reduce Supermajority Vote Requirement  For  For  Management 
17  Adopt Human Rights Policy  Against  Against  Shareholder 
18  Adopt Greenhouse Gas Emission Reduction  Against  Against  Shareholder 
  Goals         
19  Adopt Animal Welfare Policy  Against  Against  Shareholder 
20  Separate Chairman and CEO Positions  Against  Against  Shareholder 
21  Approve/Amend Terms of Existing Poison  Against  Against  Shareholder 
  Pill         
22  Report on Market Specific Environmental  Against  Against  Shareholder 
  Laws         

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CHRISTIAN DIOR         
 
Ticker: CDI  Security ID: F26334106     
Meeting Date: MAY 10, 2007  Meeting Type: Annual/Special   
Record Date: MAY 4, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Accept Consolidated Financial Statements  For  For  Management 
  and Statutory Reports       
 Approve Financial Statements and  For  For  Management 
  Discharge Directors         
 Approve Special Auditors' Report  For  Against  Management 
  Regarding Related-Party Transactions       
 Approve Allocation of Income and  For  For  Management 
  Dividends of EUR 1.41 per Share       
 Reelect Raymond Wibaux as Director  For  Against  Management 
 Authorize Repurchase of Up to 0.5 Percent For  For  Management 
  of Issued Share Capital       
 Approve Reduction in Share Capital via  For  For  Management 
  Cancellation of Repurchased Shares       
 Authorize Issuance of Equity or  For  For  Management 
  Equity-Linked Securities with Preemptive       
  Rights up to Aggregate Nominal Amount of       


  EUR 40 Million       
 Authorize Issuance of Equity or  For  For  Management 
  Equity-Linked Securities without       
  Preemptive Rights up to Aggregate Nominal     
  Amount of EUR 40 Million       
10  Authorize Capital Increase of Up to EUR  For  For  Management 
  40 Million for Future Exchange Offers       
11  Authorize Board to Increase Capital in  For  For  Management 
  the Event of Additional Demand Related to     
  Delegation Submitted to Shareholder Vote     
  Above       
12  Amend Article 17 of Association Re:  For  For  Management 
  Record Date       

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CITIGROUP INC.         
 
Ticker: C  Security ID: 172967101     
Meeting Date: APR 17, 2007  Meeting Type: Annual     
Record Date: FEB 21, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director C. Michael Armstrong  For  For  Management 
 Elect Director Alain J.P. Belda  For  For  Management 
 Elect Director George David  For  For  Management 
 Elect Director Kenneth T. Derr  For  For  Management 
 Elect Director John M. Deutch  For  For  Management 
 Elect Director Roberto Hernandez Ramirez  For  For  Management 
 Elect Director Klaus Kleinfeld  For  For  Management 
 Elect Director Andrew N. Liveris  For  For  Management 
 Elect Director Anne Mulcahy  For  For  Management 
10  Elect Director Richard D. Parsons  For  For  Management 
11  Elect Director Charles Prince  For  For  Management 
12  Elect Director Judith Rodin  For  For  Management 
13  Elect Director Robert E. Rubin  For  For  Management 
14  Elect Director Franklin A. Thomas  For  For  Management 
15  Ratify Auditors    For  For  Management 
16  Report on Government Service of Employees Against  Against  Shareholder 
17  Report on Political Contributions  Against  Against  Shareholder 
18  Report on Charitable Contributions  Against  Against  Shareholder 
19  Approve Report of the Compensation  Against  For  Shareholder 
  Committee         
20  Report on Pay Disparity  Against  Against  Shareholder 
21  Separate Chairman and CEO Positions  Against  Against  Shareholder 
22  Stock Retention/Holding Period  Against  Against  Shareholder 
23  Restore or Provide for Cumulative Voting  Against  Against  Shareholder 
24  Amend Bylaws to Permit Shareholders to  Against  For  Shareholder 
  Call Special Meetings       

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COCA-COLA COMPANY, THE     
Ticker: KO  Security ID:  191216100 


Meeting Date: APR 18, 2007 Meeting Type: Annual     
Record Date: FEB 20, 2007       
 
 Proposal  Mgt Rec  Vote Cast  Sponsor 
 Elect Director Herbert A. Allen  For  For  Management 
 Elect Director Ronald W. Allen  For  For  Management 
 Elect Director Cathleen P. Black  For  For  Management 
 Elect Director Barry Diller  For  For  Management 
 Elect Director E. Neville Isdell  For  For  Management 
 Elect Director Donald R. Keough  For  For  Management 
 Elect Director Donald F. McHenry  For  For  Management 
 Elect Director Sam Nunn  For  For  Management 
 Elect Director James D. Robinson, III  For  For  Management 
10  Elect Director Peter V. Ueberroth  For  For  Management 
11  Elect Director James B. Williams  For  For  Management 
12  Ratify Auditors  For  For  Management 
13  Approve Executive Incentive Bonus Plan  For  For  Management 
14  Limit Executive Compensation  Against  Against  Shareholder 
15  Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
16  Report on Chemical and Biological Testing Against  Against  Shareholder 
  Data       
17  Report on Environmental Liabilities in  Against  Against  Shareholder 
  India       
18  Performance-Based and/or Time-Based  Against  For  Shareholder 
  Equity Awards       

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CONOCOPHILLIPS         
 
Ticker: COP  Security ID: 20825C104     
Meeting Date: MAY 9, 2007  Meeting Type: Annual     
Record Date: MAR 12, 2007       
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director James E. Copeland, Jr.  For  For  Management 
 Elect Director Kenneth M. Duberstein  For  For  Management 
 Elect Director Ruth R. Harkin  For  For  Management 
 Elect Director William R. Rhodes  For  For  Management 
 Elect Director J. Stapleton Roy  For  For  Management 
 Elect Director William E. Wade, Jr.  For  For  Management 
 Ratify Auditors    For  For  Management 
 Report on Political Contributions  Against  Against  Shareholder 
 Report on Renewable Energy Sources  Against  Against  Shareholder 
10  Require Director Nominee Qualifications  Against  Against  Shareholder 
11  Report on Environmental Damage from  Against  Against  Shareholder 
  Drilling in the National Petroleum       
  Reserve         
12  Report on Indigenous Peoples Rights  Against  Against  Shareholder 
  Policies         
13  Report on Community Impact of Operations  Against  Against  Shareholder 

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EMERSON ELECTRIC CO.         
 
Ticker: EMR  Security ID:  291011104     
Meeting Date: FEB 6, 2007  Meeting Type: Annual     
Record Date: NOV 28, 2006       
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director C. Fernandez G  For  For  Management 
1.2  Elect Director W. J. Galvin  For  For  Management 
1.3  Elect Director R. L. Ridgway  For  For  Management 
1.4  Elect Director R. L. Stephenson  For  For  Management 
 Ratify Auditors    For  For  Management 

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ESTEE LAUDER COMPANIES INC., THE       
 
Ticker: EL  Security ID: 518439104     
Meeting Date: OCT 31, 2006  Meeting Type: Annual     
Record Date: SEP 15, 2006         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Rose Marie Bravo  For  For  Management 
1.2  Elect Director Paul J. Fribourg  For  For  Management 
1.3  Elect Director Mellody Hobson  For  For  Management 
1.4  Elect Director Irvine O. Hockaday, Jr.  For  For  Management 
1.5  Elect Director Barry S. Sternlicht  For  For  Management 
 Ratify Auditors    For  For  Management 

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EXXON MOBIL CORP.         
 
Ticker: XOM  Security ID: 30231G102     
Meeting Date: MAY 30, 2007  Meeting Type: Annual     
Record Date: APR 5, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Michael J. Boskin  For  For  Management 
1.2  Elect Director William W. George  For  For  Management 
1.3  Elect Director James R. Houghton  For  For  Management 
1.4  Elect Director William R. Howell  For  For  Management 
1.5  Elect Director Reatha Clark King  For  For  Management 
1.6  Elect Director Philip E. Lippincott  For  For  Management 
1.7  Elect Director Marilyn Carlson Nelson  For  For  Management 
1.8  Elect Director Samuel J. Palmisano  For  For  Management 
1.9  Elect Director Steven S Reinemund  For  For  Management 
1.10  Elect Director Walter V. Shipley  For  For  Management 
1.11  Elect Director J. Stephen Simon  For  For  Management 
1.12  Elect Director Rex W. Tillerson  For  For  Management 
 Ratify Auditors    For  For  Management 
 Restore or Provide for Cumulative Voting  Against  Against  Shareholder 
 Amend Articles/Bylaws/Charter -- Call  Against  For  Shareholder 
  Special Meetings         
 Separate Chairman and CEO Positions  Against  Against  Shareholder 


 Initiate Payment of Cash Dividend  Against  Against  Shareholder 
 Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
 Company-Specific- Amend Article IX of the Against  Against  Shareholder 
  Corporation's by-laws       
 Review Executive Compensation  Against  Against  Shareholder 
10  Limit Executive Compensation  Against  Against  Shareholder 
11  Claw-back of Payments under Restatements  Against  For  Shareholder 
12  Report on Political Contributions  Against  Against  Shareholder 
13  Amend Equal Employment Opportunity Policy Against  Against  Shareholder 
  to Prohibit Discrimination Based on       
  Sexual Orientation       
14  Report on Environmental Accountability  Against  Against  Shareholder 
15  Report on Emission Reduction Goals  Against  Against  Shareholder 
16  Report on Carbon Dioxide Emissions  Against  Against  Shareholder 
  Information at Gas Stations       
17  Adopt Policy to Increase Renewable Energy Against  Against  Shareholder 
  Portfolio       

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

GENERAL ELECTRIC CO.         
 
Ticker: GE  Security ID: 369604103     
Meeting Date: APR 25, 2007  Meeting Type: Annual     
Record Date: FEB 26, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director James I. Cash, Jr.  For  For  Management 
1.2  Elect Director William M. Castell  For  For  Management 
1.3  Elect Director Ann M. Fudge  For  For  Management 
1.4  Elect Director Claudio X. Gonzalez  For  For  Management 
1.5  Elect Director Susan Hockfield  For  For  Management 
1.6  Elect Director Jerry R. Immelt  For  For  Management 
1.7  Elect Director Andrea Jung  For  For  Management 
1.8  Elect Director Alan G. Lafley  For  For  Management 
1.9  Elect Director Robert W. Lane  For  For  Management 
1.10  Elect Director Ralph S. Larsen  For  For  Management 
1.11  Elect Director Rochelle B. Lazarus  For  For  Management 
1.12  Elect Director Sam Nunn  For  For  Management 
1.13  Elect Director Roger S. Penske  For  For  Management 
1.14  Elect Director Robert J. Swieringa  For  For  Management 
1.15  Elect Director Douglas A. Warner III  For  For  Management 
1.16  Elect Director Robert C. Wright  For  For  Management 
 Ratify Auditors    For  For  Management 
 Adopt Majority Vote Standard in Director  For  For  Management 
  Elections         
 Approve Omnibus Stock Plan  For  For  Management 
 Company-Specific-Approve Material Terms  For  For  Management 
  of Senior Officer Performance Goals       
 Provide for Cumulative Voting  Against  Against  Shareholder 
 Company-Specific -- Adopt Policy on  Against  Against  Shareholder 
  Overboarded Directors       
 Company-Specific -- One Director from the Against  Against  Shareholder 
  Ranks of Retirees         
 Separate Chairman and CEO Positions  Against  Against  Shareholder 


10  Limit Dividend and Dividend Equivalent  Against  Against  Shareholder 
  Payments to Executives       
11  Report on Charitable Contributions  Against  Against  Shareholder 
12  Report on Global Warming  Against  Against  Shareholder 
13  Adopt Ethical Criteria for Military  Against  Against  Shareholder 
  Contracts       
14  Report on Pay Disparity  Against  Against  Shareholder 

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

HALLIBURTON CO.         
 
Ticker: HAL  Security ID:  406216101     
Meeting Date: MAY 16, 2007  Meeting Type: Annual     
Record Date: MAR 19, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Kathleen M. Bader  For  For  Management 
 Elect Director Alan M. Bennett  For  For  Management 
 Elect Director James R. Boyd  For  For  Management 
 Elect Director Milton Carroll  For  For  Management 
 Elect Director Robert L. Crandall  For  For  Management 
 Elect Director Kenneth T. Derr  For  For  Management 
 Elect Director S. Malcolm Gillis  For  For  Management 
 Elect Director W. R. Howell  For  For  Management 
 Elect Director David J. Lesar  For  For  Management 
10  Elect Director J. Landis Martin  For  For  Management 
11  Elect Director Jay A. Precourt  For  For  Management 
12  Elect Director Debra L. Reed  For  For  Management 
13  Ratify Auditors    For  For  Management 
14  Review Human Rights Policies  Against  Against  Shareholder 
15  Report on Political Contributions  Against  Against  Shareholder 
16  Amend Terms of Existing Poison Pill  Against  Against  Shareholder 

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

HILTON HOTELS CORP.         
 
Ticker: HLT  Security ID:  432848109     
Meeting Date: MAY 24, 2007  Meeting Type: Annual     
Record Date: MAR 29, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director A. Steven Crown  For  For  Management 
 Elect Director John H. Myers  For  For  Management 
 Elect Director Donna F. Tuttle  For  For  Management 
 Ratify Auditors    For  For  Management 
 Separate Chairman and CEO Positions  Against  Against  Shareholder 

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

HOME DEPOT, INC.     
Ticker: HD  Security ID:  437076102 


Meeting Date: MAY 24, 2007 Meeting Type: Annual     
Record Date: MAR 26, 2007       
 
 Proposal  Mgt Rec  Vote Cast  Sponsor 
 Elect Director David H. Batchelder  For  For  Management 
 Elect Director Francis S. Blake  For  For  Management 
 Elect Director Gregory D. Brenneman  For  For  Management 
 Elect Director John L. Clendenin  For  For  Management 
 Elect Director Claudio X. Gonzalez  For  Against  Management 
 Elect Director Milledge A. Hart, III  For  For  Management 
 Elect Director Bonnie G. Hill  For  For  Management 
 Elect Director Laban P. Jackson, Jr.  For  For  Management 
 Elect Director Helen Johnson-Leipold  For  For  Management 
10  Elect Director Lawrence R. Johnston  For  For  Management 
11  Elect Director Kenneth G. Langone  For  Against  Management 
12  Ratify Auditors  For  For  Management 
13  Submit Shareholder Rights Plan (Poison  Against  Against  Shareholder 
  Pill) to Shareholder Vote       
14  Prepare Employment Diversity Report  Against  Against  Shareholder 
15  Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
16  Claw-back of Payments under Restatements  Against  For  Shareholder 
17  Submit Supplemental Executive Retirement  Against  For  Shareholder 
  Plans to Shareholder vote       
18  Performance-Based Equity Awards  Against  For  Shareholder 
19  Pay for Superior Performance  Against  For  Shareholder 
20  Affirm Political Non-partisanship  Against  Against  Shareholder 
21  Separate Chairman and CEO Positions  Against  Against  Shareholder 

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

HSBC HOLDINGS PLC         
 
Ticker: HBC  Security ID: 404280406     
Meeting Date: MAY 25, 2007  Meeting Type: Annual     
Record Date: MAR 23, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 TO RECEIVE THE REPORT AND ACCOUNTS FOR  For  For  Management 
  2006         
 TO APPROVE THE DIRECTORS REMUNERATION  For  For  Management 
  REPORT FOR 2006         
3(a)  TO RE-ELECT THE LORD BUTLER A DIRECTOR  For  For  Management 
3(b)  TO RE-ELECT THE BARONESS DUNN A DIRECTOR  For  For  Management 
3(c)  TO RE-ELECT R A FAIRHEAD A DIRECTOR  For  For  Management 
3(d)  TO RE-ELECT W K L FUNG A DIRECTOR  For  For  Management 
3(e)  TO RE-ELECT SIR BRIAN MOFFAT A DIRECTOR  For  For  Management 
3(f)  TO RE-ELECT G MORGAN A DIRECTOR  For  For  Management 
 Ratify Auditors    For  For  Management 
 TO AUTHORISE THE DIRECTORS TO ALLOT  For  For  Management 
  SHARES         
 TO DISAPPLY PRE-EMPTION RIGHTS (SPECIAL  For  For  Management 
  RESOLUTION)         
 TO AUTHORISE THE COMPANY TO PURCHASE ITS  For  For  Management 
  OWN ORDINARY SHARES         
 TO AUTHORISE THE DIRECTORS TO OFFER A  For  For  Management 


  SCRIP DIVIDEND ALTERNATIVE       
 TO AUTHORISE THE COMPANY TO MAKE  For  For  Management 
  POLITICAL DONATIONS AND INCUR POLITICAL       
  EXPENDITURE       
10  TO AUTHORISE HSBC BANK PLC TO MAKE  For  For  Management 
  POLITICAL DONATIONS AND INCUR POLITICAL       
  EXPENDITURE       
11  TO AUTHORISE ELECTRONIC COMMUNICATIONS  For  For  Management 
  WITH SHAREHOLDERS IN ACCORDANCE WITH THE     
  COMPANIES ACT 2006       
12  TO ALTER THE ARTICLES OF ASSOCIATION  For  For  Management 
  (SPECIAL RESOLUTION)       

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

INTEL CORP.         
 
Ticker: INTC  Security ID: 458140100     
Meeting Date: MAY 16, 2007  Meeting Type: Annual     
Record Date: MAR 19, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Craig R. Barrett  For  For  Management 
 Elect Director Charlene Barshefsky  For  For  Management 
 Elect Director Susan L. Decker  For  For  Management 
 Elect Director D. James Guzy  For  For  Management 
 Elect Director Reed E. Hundt  For  For  Management 
 Elect Director Paul S. Otellini  For  For  Management 
 Elect Director James D. Plummer  For  For  Management 
 Elect Director David S. Pottruck  For  For  Management 
 Elect Director Jane E. Shaw  For  For  Management 
10  Elect Director John L. Thornton  For  For  Management 
11  Elect Director David B. Yoffie  For  For  Management 
12  Ratify Auditors    For  For  Management 
13  Amend Omnibus Stock Plan  For  For  Management 
14  Approve Executive Incentive Bonus Plan  For  For  Management 
15  Limit Executive Compensation  Against  Against  Shareholder 

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

JOHNSON & JOHNSON         
 
Ticker: JNJ  Security ID:  478160104     
Meeting Date: APR 26, 2007  Meeting Type: Annual     
Record Date: FEB 27, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Mary Sue Coleman  For  For  Management 
1.2  Elect Director James G. Cullen  For  For  Management 
1.3  Elect Director Michael M.E. Johns  For  For  Management 
1.4  Elect Director Arnold G. Langbo  For  For  Management 
1.5  Elect Director Susan L. Lindquist  For  For  Management 
1.6  Elect Director Leo F. Mullin  For  For  Management 
1.7  Elect Director Christine A. Poon  For  For  Management 
1.8  Elect Director Charles Prince  For  For  Management 


1.9  Elect Director Steven S Reinemund  For  For  Management 
1.10  Elect Director David Satcher  For  For  Management 
1.11  Elect Director William C. Weldon  For  For  Management 
 Ratify Auditors  For  For  Management 
 Require a Majority Vote for the Election  Against  For  Shareholder 
  of Directors       
 Submit Supplemental Executive Retirement  Against  For  Shareholder 
  Plans to Shareholder vote       

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

JPMORGAN CHASE & CO.         
 
Ticker: JPM  Security ID: 46625H100     
Meeting Date: MAY 15, 2007  Meeting Type: Annual     
Record Date: MAR 16, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Crandall C. Bowles  For  For  Management 
1.2  Elect Director Stephen B. Burke  For  For  Management 
1.3  Elect Director James S. Crown  For  For  Management 
1.4  Elect Director James Dimon  For  For  Management 
1.5  Elect Director Ellen V. Futter  For  For  Management 
1.6  Elect Director William H. Gray, III  For  For  Management 
1.7  Elect Director Laban P. Jackson, Jr.  For  For  Management 
1.8  Elect Director Robert I. Lipp  For  For  Management 
1.9  Elect Director David C. Novak  For  For  Management 
1.10  Elect Director Lee R. Raymond  For  For  Management 
1.11  Elect Director William C. Weldon  For  For  Management 
 Ratify Auditors    For  For  Management 
 Put Repricing of Stock Options to  Against  Against  Shareholder 
  Shareholder Vote         
 Performance-Based and/or Time-Based  Against  For  Shareholder 
  Equity Awards         
 Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
 Separate Chairman and CEO Positions  Against  Against  Shareholder 
 Provide for Cumulative Voting  Against  Against  Shareholder 
 Require a Majority Vote for the Election  Against  For  Shareholder 
  of Directors         
 Report on Political Contributions  Against  Against  Shareholder 
10  Report on Management Initiatives to  Against  Against  Shareholder 
  Address Links to Slavery and Human Rights     
  Abuse         

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

MCDONALD'S CORP.         
 
Ticker: MCD  Security ID:  580135101     
Meeting Date: MAY 24, 2007  Meeting Type: Annual     
Record Date: MAR 26, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Edward A. Brennan  For  For  Management 


 Elect Director Walter E. Massey  For  For  Management 
 Elect Director John W. Rogers, Jr.  For  For  Management 
 Elect Director Roger W. Stone  For  For  Management 
 Ratify Auditors  For  For  Management 
 Label Genetically Modified Organisms  Against  Against  Shareholder 
 Adopt and Implement ILO Based Code of  Against  Against  Shareholder 
  Conduct       

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

MCGRAW-HILL COMPANIES, INC., THE       
 
Ticker: MHP  Security ID:  580645109     
Meeting Date: APR 25, 2007  Meeting Type: Annual     
Record Date: MAR 12, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Pedro Aspe  For  For  Management 
1.2  Elect Director Robert P. Mcgraw  For  For  Management 
1.3  Elect Director H. Ochoa-Brillembourg  For  For  Management 
1.4  Elect Director Edward B. Rust, Jr.  For  For  Management 
 Ratify Auditors    For  For  Management 
 Declassify the Board of Directors  Against  For  Shareholder 
 Amend Vote Requirements to Amend  Against  For  Shareholder 
  Articles/Bylaws/Charter       
 Political Contributions/Activities  Against  Against  Shareholder 

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

MERCK & CO., INC.         
 
Ticker: MRK  Security ID: 589331107     
Meeting Date: APR 24, 2007  Meeting Type: Annual     
Record Date: FEB 23, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Richard T. Clark  For  For  Management 
1.2  Elect Director Johnnetta B. Cole, Ph.D.  For  For  Management 
1.3  Elect Director William B. Harrison, Jr.  For  For  Management 
1.4  Elect Director William N. Kelley, M.D.  For  For  Management 
1.5  Elect Director Rochelle B. Lazarus  For  For  Management 
1.6  Elect Director Thomas E. Shenk, Ph.D.  For  For  Management 
1.7  Elect Director Anne M. Tatlock  For  For  Management 
1.8  Elect Director Samuel O. Thier, M.D.  For  For  Management 
1.9  Elect Director Wendell P. Weeks  For  For  Management 
1.10  Elect Director Peter C. Wendell  For  For  Management 
 Ratify Auditors    For  For  Management 
 Reduce Supermajority Vote Requirement  For  For  Management 
 Reduce Supermajority Vote Requirement  For  For  Management 
 Establish Range For Board Size  For  For  Management 
 Replace Cumulative Voting to Majority  For  For  Management 
  Vote Standard for the Election of       
  Directors         
 Publish Political Contributions  Against  Against  Shareholder 
 Advisory Vote to Ratify Named Executive  Against  For  Shareholder 


 Officers' Compensation

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

MERRILL LYNCH & CO., INC.         
 
Ticker: MER  Security ID: 590188108     
Meeting Date: APR 27, 2007  Meeting Type: Annual     
Record Date: FEB 28, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director John D. Finnegan  For  For  Management 
1.2  Elect Director Joseph W. Prueher  For  For  Management 
1.3  Elect Director Ann N. Reese  For  For  Management 
 Ratify Auditors    For  For  Management 
 Restore or Provide for Cumulative Voting  Against  Against  Shareholder 
 Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
 Performance-Based and/or Time-Based  Against  For  Shareholder 
  Equity Awards         

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

MICROSOFT CORP.         
 
Ticker: MSFT  Security ID: 594918104     
Meeting Date: NOV 14, 2006  Meeting Type: Annual     
Record Date: SEP 8, 2006         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director William H. Gates, III  For  For  Management 
 Elect Director Steven A. Ballmer  For  For  Management 
 Elect Director James I. Cash, Jr., Ph.D.  For  For  Management 
 Elect Director Dina Dublon  For  For  Management 
 Elect Director Raymond V. Gilmartin  For  For  Management 
 Elect Director David F. Marquardt  For  For  Management 
 Elect Director Charles H. Noski  For  For  Management 
 Elect Director Helmut Panke  For  For  Management 
 Elect Director Jon A. Shirley  For  For  Management 
10  Ratify Auditors    For  For  Management 
11  Cease Product Sales that Can Be Used to  Against  Against  Shareholder 
  Violate Human Rights         
12  Amend EEO Statement to Not Reference  Against  Against  Shareholder 
  Sexual Orientation         
13  Establish Shareholder Advisory Committee  Against  Against  Shareholder 

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

NESTLE SA     
 
Ticker:  NSRGY  Security ID: 641069406 
Meeting Date: APR 19, 2007  Meeting Type: Annual 
Record Date:  MAR 5, 2007   


 Proposal  Mgt Rec  Vote Cast  Sponsor 
 APPROVAL OF THE 2006 ANNUAL REPORT, OF  For  For  Management 
  THE ACCOUNTS OF NESTLE S.A. AND OF THE       
  CONSOLIDATED ACCOUNTS OF THE NESTLE       
  GROUP.       
 RELEASE OF THE MEMBERS OF THE BOARD OF  For  For  Management 
  DIRECTORS AND OF THE MANAGEMENT.       
 APPROVAL OF THE APPROPRIATION OF PROFITS  For  For  Management 
  RESULTING FROM THE BALANCE SHEET OF       
  NESTLE S.A., AS SET FORTH IN THE       
  INVITATION       
 CAPITAL REDUCTION AND CONSEQUENT  For  For  Management 
  AMENDMENT TO ARTICLE 5 OF THE ARTICLES OF     
  ASSOCIATION, AS SET FORTH IN THE       
  INVITATION.       
 RE-ELECTION OF MR. PETER  For  For  Management 
  BRABECK-LETMATHE, TO THE BOARD OF       
  DIRECTORS FOR A TERM OF FIVE (5) YEARS.       
 RE-ELECTION MR. EDWARD GEORGE (LORD  For  For  Management 
  GEORGE), TO THE BOARD OF DIRECTORS FOR A       
  TERM OF FOUR (4) YEARS.       
 MARK THE FOR BOX AT RIGHT IF YOU WISH  None  Against  Management 
  TO GIVE A PROXY TO THE INDEPENDENT       
  REPRESENTATIVE, MR. JEAN-LUDOVIC HARTMANN     
  (AS FURTHER DISCUSSED IN THE COMPANY S       
  INVITATION).       

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

NEWS CORPORATION         
 
Ticker: NWS  Security ID: 65248E203     
Meeting Date: OCT 20, 2006  Meeting Type: Annual     
Record Date: SEP 5, 2006         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Jose Maria Aznar  For  For  Management 
1.2  Elect Director Lachlan K. Murdoch  For  For  Management 
1.3  Elect Director Thomas J. Perkins  For  For  Management 
1.4  Elect Director Arthur M. Siskind  For  For  Management 
1.5  Elect Director John L. Thornton  For  For  Management 
 Ratify Auditors    For  For  Management 
 Adopt or Amend Shareholder Rights Plan  For  Against  Management 
  (Poison Pill)         
 Declassify the Board of Directors  Against  For  Shareholder 

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

NEWS CORPORATION       
 
Ticker: NWS  Security ID: 65248E203     
Meeting Date: APR 3, 2007  Meeting Type: Special     
Record Date: FEB 27, 2007       
 
# Proposal  Mgt Rec  Vote Cast  Sponsor 


 Share Exchange Agreement  For  For  Management 
 Adjourn Meeting  For  Against  Management 

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

OCCIDENTAL PETROLEUM CORP.         
 
Ticker: OXY  Security ID: 674599105     
Meeting Date: MAY 4, 2007  Meeting Type: Annual     
Record Date: MAR 15, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Spencer Abraham  For  Against  Management 
 Elect Director Ronald W. Burkle  For  For  Management 
 Elect Director John S. Chalsty  For  Against  Management 
 Elect Director Edward P. Djerejian  For  For  Management 
 Elect Director R. Chad Dreier  For  Against  Management 
 Elect Director John E. Feick  For  For  Management 
 Elect Director Ray R. Irani  For  For  Management 
 Elect Director Irvin W. Maloney  For  Against  Management 
 Elect Director Rodolfo Segovia  For  Against  Management 
10  Elect Director Aziz D. Syriani  For  For  Management 
11  Elect Director Rosemary Tomich  For  Against  Management 
12  Elect Director Walter L. Weisman  For  For  Management 
13  Ratify Auditors    For  For  Management 
14  Amend Omnibus Stock Plan  For  For  Management 
15  Publish a Scientific Global Warming  Against  Against  Shareholder 
  Report         
16  Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers Compensation       
17  Performance-Based and/or Time-Based  Against  For  Shareholder 
  Equity Awards         

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

PEPSICO, INC.         
 
Ticker: PEP  Security ID: 713448108     
Meeting Date: MAY 2, 2007  Meeting Type: Annual     
Record Date: MAR 9, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Dina Dublon  For  For  Management 
 Elect Director Victor J. Dzau, M.D.  For  For  Management 
 Elect Director Ray L. Hunt  For  For  Management 
 Elect Director Alberto Ibarguen  For  For  Management 
 Elect Director Arthur C. Martinez  For  For  Management 
 Elect Director Indra K. Nooyi  For  For  Management 
 Elect Director Sharon Percy Rockefeller  For  For  Management 
 Elect Director James J. Schiro  For  For  Management 
 Elect Director Daniel Vasella  For  For  Management 
10  Elect Director Michael D. White  For  For  Management 
11  Ratify Auditors    For  For  Management 
12  Approve Omnibus Stock Plan  For  For  Management 
13  Report on Charitable Contributions  Against  Against  Shareholder 


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

PFIZER INC.         
 
Ticker: PFE  Security ID: 717081103     
Meeting Date: APR 26, 2007  Meeting Type: Annual     
Record Date: MAR 1, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Dennis A. Ausiello  For  For  Management 
1.2  Elect Director Michael S. Brown  For  For  Management 
1.3  Elect Director M. Anthony Burns  For  For  Management 
1.4  Elect Director Robert N. Burt  For  For  Management 
1.5  Elect Director W. Don Cornwell  For  For  Management 
1.6  Elect Director William H. Gray, III  For  For  Management 
1.7  Elect Director Constance J. Horner  For  For  Management 
1.8  Elect Director William R. Howell  For  For  Management 
1.9  Elect Director Jeffrey B. Kindler  For  For  Management 
1.10  Elect Director George A. Lorch  For  For  Management 
1.11  Elect Director Dana G. Mead  For  For  Management 
1.12  Elect Director William C. Steere, Jr.  For  For  Management 
 Ratify Auditors    For  For  Management 
 Restore or Provide for Cumulative Voting  Against  Against  Shareholder 
 Report on Animal Testing Policies  Against  Against  Shareholder 
 Amend Animal Welfare Policy  Against  Against  Shareholder 
 Require Director Nominee Qualifications  Against  Against  Shareholder 

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

PRAXAIR, INC.         
 
Ticker: PX  Security ID: 74005P104     
Meeting Date: APR 24, 2007  Meeting Type: Annual     
Record Date: MAR 1, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Jose P. Alves  For  For  Management 
1.2  Elect Director Ronald L. Kuehn, Jr.  For  For  Management 
1.3  Elect Director H. Mitchell Watson, Jr.  For  For  Management 
1.4  Elect Director Robert L. Wood  For  For  Management 
 Require a Majority Vote for the Election  Against  For  Shareholder 
  of Directors         
 Submit Shareholder Rights Plan (Poison  Against  For  Shareholder 
  Pill) to Shareholder Vote       
 Ratify Auditors    For  For  Management 

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PROCTER & GAMBLE COMPANY, THE 
 
Ticker: PG  Security ID: 742718109 
Meeting Date: OCT 10, 2006  Meeting Type: Annual 
Record Date: AUG 11, 2006   


 Proposal  Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Norman R. Augustine  For  For  Management 
1.2  Elect Director A.G. Lafley  For  For  Management 
1.3  Elect Director Johnathan A. Rodgers  For  For  Management 
1.4  Elect Director John F. Smith, Jr.  For  For  Management 
1.5  Elect Director Margaret C. Whitman  For  For  Management 
 Approve Decrease in Size of Board  For  For  Management 
 Ratify Auditors  For  For  Management 
 Amend Omnibus Stock Plan  For  For  Management 
 Put Repricing of Stock Options to  Against  Against  Shareholder 
  Shareholder Vote       

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ROYAL DUTCH SHELL PLC         
 
Ticker: RDS.B  Security ID: 780259206     
Meeting Date: MAY 15, 2007  Meeting Type: Annual     
Record Date: APR 4, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 ADOPTION OF ANNUAL REPORT AND ACCOUNTS  For  For  Management 
 APPROVAL OF REMUNERATION REPORT  For  For  Management 
 ELECTION OF RIJKMAN GROENINK AS A  For  For  Management 
  DIRECTOR OF THE COMPANY       
 RE-ELECTION OF MALCOLM BRINDED AS A  For  For  Management 
  DIRECTOR OF THE COMPANY       
 RE-ELECTION OF LINDA COOK AS A DIRECTOR  For  For  Management 
  OF THE COMPANY         
 RE-ELECTION OF MAARTEN VAN DEN BERGH AS A For  For  Management 
  DIRECTOR OF THE COMPANY       
 RE-ELECTION OF NINA HENDERSON AS A  For  For  Management 
  DIRECTOR OF THE COMPANY       
 RE-ELECTION OF CHRISTINE MORIN-POSTEL AS  For  For  Management 
  A DIRECTOR OF THE COMPANY       
 Ratify Auditors    For  For  Management 
10  REMUNERATION OF AUDITORS  For  For  Management 
11  AUTHORITY TO ALLOT SHARES  For  For  Management 
12  DISAPPLICATION OF PRE-EMPTION RIGHTS  For�� For  Management 
13  AUTHORITY TO PURCHASE OWN SHARES  For  For  Management 
14  AUTHORITY FOR CERTAIN DONATIONS AND  For  For  Management 
  EXPENDITURE         

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SUNTRUST BANKS, INC.         
 
Ticker: STI  Security ID:  867914103     
Meeting Date: APR 17, 2007  Meeting Type: Annual     
Record Date: FEB 27, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Robert M. Beall, II  For  For  Management 
1.2  Elect Director Jeffrey C. Crowe  For  For  Management 


1.3  Elect Director J. Hicks Lanier  For  For  Management 
1.4  Elect Director Larry L. Prince  For  For  Management 
1.5  Elect Director Frank S. Royal, M.D.  For  For  Management 
1.6  Elect Director Phail Wynn, Jr.  For  For  Management 
1.7  Elect Director James M. Wells, III  For  For  Management 
 Amend Rights and Preferences of Preferred For  For  Management 
  Stock       
 Declassify the Board of Directors  For  For  Management 
 Require a Majority Vote for the Election  Against  For  Shareholder 
  of Directors       
 Ratify Auditors  For  For  Management 

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SYSCO CORPORATION         
 
Ticker: SYY  Security ID: 871829107     
Meeting Date: NOV 10, 2006  Meeting Type: Annual     
Record Date: SEP 12, 2006         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Jonathan Golden  For  For  Management 
1.2  Elect Director Joseph A. Hafner, Jr.  For  For  Management 
1.3  Elect Director Nancy S. Newcomb  For  For  Management 
1.4  Elect Director Richard J. Schnieders  For  For  Management 
1.5  Elect Director Manuel A. Fernandez  For  For  Management 
 Ratify Auditors    For  For  Management 
 Require a Majority Vote for the Election  None  For  Shareholder 
  of Directors         

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TARGET CORPORATION         
 
Ticker: TGT  Security ID: 87612E106     
Meeting Date: MAY 24, 2007  Meeting Type: Annual     
Record Date: MAR 26, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Calvin Darden  For  For  Management 
1.2  Elect Director Anne M. Mulcahy  For  For  Management 
1.3  Elect Director Stephen W. Sanger  For  For  Management 
1.4  Elect Director Gregg W. Steinhafel  For  For  Management 
 Ratify Auditors    For  For  Management 
 Approve Executive Incentive Bonus Plan  For  For  Management 
 Company Specific- Require Majority Vote  For  For  Management 
  for the Election of Directors       
 Report on Political Contributions  Against  Against  Shareholder 

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TOTAL SA (FORMERLY TOTAL FINA ELF S.A ) 
Ticker: TOT Security ID: 89151E109 


Meeting Date: MAY 11, 2007 Meeting Type: Annual     
Record Date: APR 4, 2007       
 
 Proposal  Mgt Rec  Vote Cast  Sponsor 
 APPROVAL OF PARENT COMPANY FINANCIAL  For  For  Management 
  STATEMENTS       
 APPROVAL OF CONSOLIDATED FINANCIAL  For  For  Management 
  STATEMENTS       
 ALLOCATION OF EARNINGS, DECLARATION OF  For  For  Management 
  DIVIDEND       
 AGREEMENTS COVERED BY ARTICLE L. 225-38  For  For  Management 
  OF THE FRENCH COMMERCIAL CODE       
 AUTHORIZATION FOR THE BOARD OF DIRECTORS  For  For  Management 
  TO TRADE SHARES OF THE COMPANY       
 RENEWAL OF THE APPOINTMENT OF MR. THIERRY For  Against  Management 
  DESMAREST AS A DIRECTOR       
 RENEWAL OF THE APPOINTMENT OF MR. THIERRY For  Against  Management 
  DE RUDDER AS A DIRECTOR       
 RENEWAL OF THE APPOINTMENT OF MR. SERGE  For  Against  Management 
  TCHURUK AS A DIRECTOR       
 APPOINTMENT OF A DIRECTOR REPRESENTING  For  Against  Management 
  EMPLOYEE SHAREHOLDERS IN APPLICATION OF       
  ARTICLE 11 OF THE ARTICLES OF ASSOCIATION     
10  APPOINTMENT OF A DIRECTOR REPRESENTING  Against  Against  Management 
  EMPLOYEE SHAREHOLDERS IN APPLICATION OF       
  ARTICLE 11 OF THE ARTICLES OF ASSOCIATION     
11  APPOINTMENT OF A DIRECTOR REPRESENTING  Against  Against  Management 
  EMPLOYEE SHAREHOLDERS IN APPLICATION OF       
  ARTICLE 11 OF THE ARTICLES OF ASSOCIATION     
12  DETERMINATION OF THE TOTAL AMOUNT OF  For  For  Management 
  DIRECTORS COMPENSATION       
13  DELEGATION OF AUTHORITY GRANTED TO THE  For  For  Management 
  BOARD OF DIRECTORS TO INCREASE CAPITAL BY     
  ISSUING COMMON SHARES OR ANY SECURITIES       
  PROVIDING ACCESS TO CAPITAL WHILE       
  MAINTAINING SHAREHOLDERS PREFERENTIAL       
  SUBSCRIPTION RIGHTS       
14  DELEGATION OF AUTHORITY GRANTED TO THE  For  Against  Management 
  BOARD OF DIRECTORS TO INCREASE CAPITAL BY     
  ISSUING COMMON SHARES OR ANY SECURITIES       
  PROVIDING ACCESS TO CAPITAL WITHOUT       
  PREFERENTIAL SUBSCRIPTION RIGHTS       
15  DELEGATION OF AUTHORITY GRANTED TO THE  For  For  Management 
  BOARD OF DIRECTORS TO INCREASE CAPITAL       
  UNDER THE CONDITIONS PROVIDED FOR IN       
  ARTICLE 443-5 OF THE FRENCH LABOR CODE       
16  AUTHORIZATION TO GRANT SUBSCRIPTION OR  For  For  Management 
  PURCHASE OPTIONS FOR THE COMPANY S STOCK       
  TO CERTAIN EMPLOYEES OF THE GROUP AS WELL     
  AS TO THE MANAGEMENT OF THE COMPANY OR OF     
  OTHER GROUP COMPANIES       
17  AUTHORIZATION TO BE GRANTED TO THE BOARD  For  For  Management 
  OF DIRECTORS TO REDUCE CAPITAL BY       
  CANCELING SHARES       
18  AMENDMENT OF ARTICLE 13, PARAGRAPH 2, OF  For  For  Management 
  THE COMPANY S ARTICLES OF ASSOCIATION       
  WITH REGARD TO THE METHODS THAT MAY BE       


  USED TO PARTICIPATE IN BOARD OF DIRECTORS     
  MEETINGS       
19  AMENDMENT OF ARTICLE 17-2 OF THE COMPANY  For  For  Management 
  S ARTICLES OF ASSOCIATION TO TAKE INTO       
  ACCOUNT NEW RULES FROM THE DECREE OF       
  DECEMBER 11, 2006 RELATING TO THE COMPANY     
  S BOOK-BASED SYSTEM FOR RECORDING SHARES       
  FOR SHAREHOLDERS WISHING TO PARTICIPATE       
  IN ANY FORM WH       
20  AMENDMENT OF ARTICLE 17-2 OF THE COMPANY  For  For  Management 
  S ARTICLES OF ASSOCIATION TO TAKE INTO       
  ACCOUNT RULES RELATING TO ELECTRONIC       
  SIGNATURES IN THE EVENT OF A VOTE CAST       
  VIA TELECOMMUNICATION       
21  NEW PROCEDURE TO NOMINATE THE  Against  For  Shareholder 
  EMPLOYEE-SHAREHOLDER DIRECTOR       
22  AUTHORIZATION TO GRANT RESTRICTED SHARES  Against  For  Shareholder 
  OF THE COMPANY TO GROUP EMPLOYEES       
23  AMENDMENT OF ARTICLE 18, PARAGRAPH 7 OF  Against  For  Shareholder 
  THE COMPANY S ARTICLES OF ASSOCIATION IN       
  VIEW OF DELETING THE STATUTORY CLAUSE       
  LIMITING VOTING RIGHTS       

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UNITED PARCEL SERVICE, INC.       
 
Ticker: UPS  Security ID:  911312106     
Meeting Date: MAY 10, 2007  Meeting Type: Annual     
Record Date: MAR 12, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Michael J. Burns  For  For  Management 
1.2  Elect Director D. Scott Davis  For  For  Management 
1.3  Elect Director Stuart E. Eizenstat  For  For  Management 
1.4  Elect Director Michael L. Eskew  For  For  Management 
1.5  Elect Director James P. Kelly  For  For  Management 
1.6  Elect Director Ann M. Livermore  For  For  Management 
1.7  Elect Director Victor A. Pelson  For  For  Management 
1.8  Elect Director John W. Thompson  For  For  Management 
1.9  Elect Director Carol B. Tome  For  For  Management 
1.10  Elect Director Ben Verwaayen  For  For  Management 
 Ratify Auditors    For  For  Management 

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UNITEDHEALTH GROUP INCORPORATED       
 
Ticker: UNH  Security ID: 91324P102     
Meeting Date: MAY 29, 2007  Meeting Type: Annual     
Record Date: APR 9, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director William C. Ballard, Jr.  For  For  Management 
1.2  Elect Director Richard T. Burke  For  For  Management 


1.3  Elect Director Stephen J. Hemsley  For  For  Management 
1.4  Elect Director Robert J. Darretta  For  For  Management 
 Company Specific--Majority Vote for the  For  For  Management 
  Election of Directors       
 Declassify the Board of Directors  For  For  Management 
 Reduce Supermajority Vote Requirement for For  For  Management 
  Removal of Directors       
 Reduce Supermajority Vote Requirement  For  For  Management 
 Amend Articles-Make Stylistic, Clarifying For  For  Management 
  and Conforming Changes       
 Ratify Auditors  For  For  Management 
 Performance-Based and/or Time-Based  Against  For  Shareholder 
  Equity Awards       
 Establish SERP Policy  Against  Against  Shareholder 
10  Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
11  Equal Access to the Proxy for Purpose of  Against  Against  Shareholder 
  Electing a Director       

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WAL-MART STORES, INC.         
 
Ticker: WMT  Security ID: 931142103     
Meeting Date: JUN 1, 2007  Meeting Type: Annual     
Record Date: APR 5, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
 Elect Director Aida M. Alvarez  For  For  Management 
 Elect Director James W. Breyer  For  For  Management 
 Elect Director M. Michele Burns  For  For  Management 
 Elect Director James I. Cash, Jr.  For  For  Management 
 Elect Director Roger C. Corbett  For  For  Management 
 Elect Director Douglas N. Daft  For  For  Management 
 Elect Director David D. Glass  For  For  Management 
 Elect Director Roland A. Hernandez  For  For  Management 
 Elect Director Allen I. Questrom  For  For  Management 
10  Elect Director H. Lee Scott, Jr.  For  For  Management 
11  Elect Director Jack C. Shewmaker  For  For  Management 
12  Elect Director Jim C. Walton  For  For  Management 
13  Elect Director S. Robson Walton  For  For  Management 
14  Elect Director Christopher J. Williams  For  For  Management 
15  Elect Director Linda S. Wolf  For  For  Management 
16  Ratify Auditors    For  For  Management 
17  Report on Charitable Contributions  Against  Against  Shareholder 
18  Report on Healthcare Policies  Against  Against  Shareholder 
19  Pay For Superior Performance  Against  Against  Shareholder 
20  Report on Equity Compensation by Race and Against  Against  Shareholder 
  Gender        ��
21  Report on Pay Disparity  Against  Against  Shareholder 
22  Prepare Business Social Responsibility  Against  Against  Shareholder 
  Report         
23  Advisory Vote to Ratify Named Executive  Against  For  Shareholder 
  Officers' Compensation       
24  Report on Political Contributions  Against  Against  Shareholder 
25  Report on Social and Reputation Impact of Against  Against  Shareholder 


  Failure to Comply with ILO Conventions       
26  Restore or Provide for Cumulative Voting  Against  Against  Shareholder 
27  Require Director Nominee Qualifications  Against  Against  Shareholder 

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WALGREEN CO.         
 
Ticker: WAG  Security ID: 931422109     
Meeting Date: JAN 10, 2007  Meeting Type: Annual     
Record Date: NOV 13, 2006         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director David W. Bernauer  For  For  Management 
1.2  Elect Director William C. Foote  For  For  Management 
1.3  Elect Director James J. Howard  For  For  Management 
1.4  Elect Director Alan G. McNally  For  For  Management 
1.5  Elect Director Cordell Reed  For  For  Management 
1.6  Elect Director Jeffrey A. Rein  For  For  Management 
1.7  Elect Director Nancy M. Schlichting  For  For  Management 
1.8  Elect Director David Y. Schwartz  For  For  Management 
1.9  Elect Director James A. Skinner  For  For  Management 
1.10  Elect Director Marilou M. von Ferstel  For  For  Management 
1.11  Elect Director Charles R. Walgreen, III  For  For  Management 
 Ratify Auditors    For  For  Management 
 Amend Omnibus Stock Plan  For  For  Management 

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WHOLE FOODS MARKET, INC.         
 
Ticker: WFMI  Security ID:  966837106     
Meeting Date: MAR 5, 2007  Meeting Type: Annual     
Record Date: JAN 8, 2007         
 
 Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director David W. Dupree  For  For  Management 
1.2  Elect Director John B. Elstrott  For  For  Management 
1.3  Elect Director Gabrielle E. Greene  For  For  Management 
1.4  Elect Director Hass Hassan  For  For  Management 
1.5  Elect Director John P. Mackey  For  For  Management 
1.6  Elect Director Linda A. Mason  For  For  Management 
1.7  Elect Director Morris J. Siegel  For  For  Management 
1.8  Elect Director Ralph Z. Sorenson  For  For  Management 
 Ratify Auditors    For  For  Management 
 Approve Omnibus Stock Plan  For  For  Management 
 Approve Qualified Employee Stock Purchase For  For  Management 
  Plan         
 Report on Energy Efficiency  Against  Against  Shareholder 
 Separate Chairman and CEO Positions  Against  Against  Shareholder 


SIGNATURES

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

 Dreyfus Appreciation Fund, Inc.
By:  /s/ J. David Officer 
  J. David Officer 
  President 
 
Date:  August 21, 2007