2. SHAREHOLDER VOTES. During the fiscal year period ended June 30, 2006,
action was taken by the shareholders of the Portfolios, as follows:
On May 15, 2006 a Special Meeting of the Shareholders of the Growth Equity
Portfolio approved a Portfolio Management Contract with Sustainable Growth
Advisers. Such agreement was approved by the following votes:
Votes
------------------------------------
% of Shares % of Shares
For Against Abstain Present Voted For Present Voted Against
------------------- ------- ------- ----------------- ---------------------
62,656,247 0 0 100 0
On May 15, 2006 a Special Meeting of the Shareholders of the International
Equity Portfolio approved a Portfolio Management Contract with Causeway
Capital. Such agreement was approved by the following votes:
Votes
------------------------------------
% of Shares % of Shares
For Against Abstain Present Voted For Present Voted Against
------------------- ------- ------- ----------------- ---------------------
73,130,454 0 0 100 0
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