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: 811-41

                    General American Investors Company, Inc.
               (Exact name of registrant as specified in charter)
                        450 Lexington Avenue, Suite 3300
                               New York, NY 10017
               (Address of principal executive offices) (Zip Code)

                                Eugene S. Stark
                         Vice-President, Administration
                    General American Investors Company, Inc.
                        450 Lexington Avenue, Suite 3300
                               New York, NY 10017
                    (Name and address of agent for service)

Registrant's Telephone Number:  212-916-8400

Date of fiscal year end:  December 31

Date of reporting period:  July 1, 2005 - June 30, 2006

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

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

Item 1.  Proxy Voting Record.



                            Investment Company Report
                              7/1/2005 To 6/30/2006
                                                                                                     
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AMERICAN TOWER CORPORATION

       CUSIP:           029912201
       Ticker:          AMT
       Meeting Date:    03-Aug-2005


                  Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Approve Merger Agreement                    For                 675000     0               0            0
       2          Approve Charter Amendment                   For                 675000     0               0            0
       3          Approve Motion To Adjourn Meeting           For                 675000     0               0            0



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UNOCAL CORPORATION

       CUSIP:           915289102
       Ticker:          UCL
       Meeting Date:    10-Aug-2005


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Approve Merger Agreement                    For                 450000     0               0            0
       2          Approve Motion To Adjourn Meeting           For                 450000     0               0            0



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AMERICAN INTERNATIONAL GROUP, INC.

       CUSIP:           026874107
       Ticker:          AIG
       Meeting Date:    11-Aug-2005


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  M. AIDINOFF                                                  350000     0               0            0
                  2  P. CHIA                                                      350000     0               0            0
                  3  M. COHEN                                                     350000     0               0            0
                  4  W. COHEN                                                     350000     0               0            0
                  5  M. FELDSTEIN                                                 350000     0               0            0
                  6  E. FUTTER                                                    350000     0               0            0
                  7  S. HAMMERMAN                                                 350000     0               0            0
                  8  C. HILLS                                                     350000     0               0            0
                  9  R. HOLBROOKE                                                 350000     0               0            0
                  10 D. KANAK                                                     350000     0               0            0
                  11 G. MILES, JR.                                                350000     0               0            0
                  12 M. OFFIT                                                     350000     0               0            0
                  13 M. SULLIVAN                                                  350000     0               0            0
                  14 E. TSE                                                       350000     0               0            0
                  15 F. ZARB                                                      350000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 350000     0               0            0



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MEDTRONIC, INC.

       CUSIP:           585055106
       Ticker:          MDT
       Meeting Date:    25-Aug-2005


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  SHIRLEY A. JACKSON, PHD                                      450000     0               0            0
                  2  DENISE M. O'LEARY                                            450000     0               0            0
                  3  JEAN-PIERRE ROSSO                                            450000     0               0            0
                  4  JACK W. SCHULER                                              450000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 450000     0               0            0

       3          ADOPT STOCK PURCHASE PLAN                   For                 450000     0               0            0

       4          Adopt Director Stock Option Plan            For                 450000     0               0            0



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ALKERMES, INC

       CUSIP:           01642T108
       Ticker:          ALKS
       Meeting Date:    23-Sep-2005


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  FLOYD E. BLOOM                                               340000     0               0            0
                  2  ROBERT A. BREYER                                             340000     0               0            0
                  3  GERRI HENWOOD                                                340000     0               0            0
                  4  PAUL J. MITCHELL                                             340000     0               0            0
                  5  RICHARD F. POPS                                              340000     0               0            0
                  6  ALEXANDER RICH                                               340000     0               0            0
                  7  PAUL SCHIMMEL                                                340000     0               0            0
                  8  MARK B. SKALETSKY                                            340000     0               0            0
                  9  MICHAEL A. WALL                                              340000     0               0            0

       2          Amend Stock Option Plan To Increase Shares  For                 340000     0               0            0



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ROYCE VALUE TRUST INC.

       CUSIP:           780910105
       Ticker:          RVT
       Meeting Date:    29-Sep-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  DONALD R. DWIGHT                                             108001     0               0            0
                  2  STEPHEN L. ISAACS                                            108001     0               0            0



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DIAGEO PLC

       CUSIP:           25243Q205
       Ticker:          DEO
       Meeting Date:    18-Oct-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Miscellaneous Corporate Governance - Global For                 350000     0               0            0
       2          Receive Directors' Report                   For                 350000     0               0            0
       3          Dividend                                    For                 350000     0               0            0
       4          Miscellaneous Corporate Governance          For                 350000     0               0            0
       5          Miscellaneous Corporate Governance          For                 350000     0               0            0
       6          Miscellaneous Corporate Governance          For                 350000     0               0            0
       7          Miscellaneous Corporate Governance          For                 350000     0               0            0
       8          Appoint Auditors And Approve Remuneration   For                 350000     0               0            0
       9          Approve Allotment Of Relevant Securities    For                 350000     0               0            0
       10         Eliminate Preemptive Rights                 For                 350000     0               0            0
       11         Miscellaneous Shareholder Equity - Global   For                 350000     0               0            0
       12         Miscellaneous Corporate Governance - Global For                 350000     0               0            0
       13         Articles Of Association                     For                 350000     0               0            0



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BROOKS AUTOMATION, INC.

       CUSIP:           114340102
       Ticker:          BRKS
       Meeting Date:    26-Oct-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Approve Merger Agreement                    For                 491500     0               0            0
       2          Approve Authorized Common Stock Increase    For                 491500     0               0            0
       3          Approve Motion To Adjourn Meeting           For                 491500     0               0            0



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MICROSOFT CORPORATION

       CUSIP:           594918104
       Ticker:          MSFT
       Meeting Date:    09-Nov-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  WILLIAM H. GATES III                                         1525000    0               0            0
                  2  STEVEN A. BALLMER                                            1525000    0               0            0
                  3  JAMES I. CASH JR.                                            1525000    0               0            0
                  4  DINA DUBLON                                                  1525000    0               0            0
                  5  RAYMOND V. GILMARTIN                                         1525000    0               0            0
                  6  A. MCLAUGHLIN KOROLOGOS                                      1525000    0               0            0
                  7  DAVID F. MARQUARDT                                           1525000    0               0            0
                  8  CHARLES H. NOSKI                                             1525000    0               0            0
                  9  HELMUT PANKE                                                 1525000    0               0            0
                  10 JON A. SHIRLEY                                               1525000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1525000    0               0            0



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CISCO SYSTEMS, INC.

       CUSIP:           17275R102
       Ticker:          CSCO
       Meeting Date:    15-Nov-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  CAROL A. BARTZ                                               900000     0               0            0
                  2  M. MICHELE BURNS                                             900000     0               0            0
                  3  LARRY R. CARTER                                              900000     0               0            0
                  4  JOHN T. CHAMBERS                                             900000     0               0            0
                  5  DR. JOHN L. HENNESSY                                         900000     0               0            0
                  6  RICHARD M. KOVACEVICH                                        900000     0               0            0
                  7  RODERICK C. MCGEARY                                          900000     0               0            0
                  8  JAMES C. MORGAN                                              900000     0               0            0
                  9  JOHN P. MORGRIDGE                                            900000     0               0            0
                  10 STEVEN M. WEST                                               900000     0               0            0
                  11 JERRY YANG                                                   900000     0               0            0

       2          Adopt Incentive Stock Option Plan           For                 900000     0               0            0

       3          Ratify Appointment Of Independent Auditors  For                 900000     0               0            0

       4          S/H Proposal - Declassify Board             Against             0          900000          0            0

       5          S/H Proposal - Increase Disclosure Of ExecutAgainst             0          900000          0            0
                  Compensation

       6          S/H Proposal - Human Rights Related         Against             0          900000          0            0



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ETHAN ALLEN INTERIORS INC.

       CUSIP:           297602104
       Ticker:          ETH
       Meeting Date:    15-Nov-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  M. FAROOQ KATHWARI                                           275000     0               0            0
                  2  HORACE G. MCDONELL                                           275000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 275000     0               0            0



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ANNUITY AND LIFE RE (HOLDINGS), LTD.

       CUSIP:           G03910109
       Ticker:          ANNRF
       Meeting Date:    01-Dec-2005

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Miscellaneous Corporate Actions             For                 500000     0               0            0

       2          Miscellaneous Corporate Governance          For                 500000     0               0            0

       3          Miscellaneous Corporate Governance          For                 500000     0               0            0

       4          Ratify Appointment Of Independent Auditors  For                 500000     0               0            0



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COSTCO WHOLESALE CORPORATION

       CUSIP:           22160K105
       Ticker:          COST
       Meeting Date:    25-Jan-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  JAMES D. SINEGAL                                             700000     0               0            0
                  2  JEFFREY H. BROTMAN                                           700000     0               0            0
                  3  RICHARD A. GALANTI                                           700000     0               0            0
                  4  DANIEL J. EVANS                                              700000     0               0            0

       2          Adopt Incentive Stock Option Plan           For                 700000     0               0            0

       3          S/H Proposal - Board Of Directors           Against             0          700000          0            0

       4          S/H Proposal - Human Rights Related         Against             0          700000          0            0

       5          Appoint Auditors                            For                 700000     0               0            0



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BANCROFT CONVERTIBLE FUND, INC.

       CUSIP:           059695106
       Ticker:          BCV
       Meeting Date:    13-Feb-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  ELIZABETH C. BOGAN, PHD                                      21088      0               0            0
                  2  ROBERT J. MCMULLAN                                           21088      0               0            0

       2          Approve New Advisory Agreetment             For                 21088      0               0            0

       3          Approve Agreement of Merger to Reorganize   For                 21088      0               0            0

       4          Ratify Selection of Auditors                For                 21088      0               0            0



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EMCORE CORPORATION

       CUSIP:           290846104
       Ticker:          EMKR
       Meeting Date:    13-Feb-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  THOMAS G. WERTHAN                                            197000     0               0            0
                  2  JOHN GILLEN                                                  197000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 197000     0               0            0

       3          Amend Stock Option Plan To Increase Shares  For                 197000     0               0            0

       4          Amend Stock Purchase Plan To Increase SharesFor                 197000     0               0            0



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BROOKS AUTOMATION, INC.

       CUSIP:           114340102
       Ticker:          BRKS
       Meeting Date:    07-Mar-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  A. CLINTON ALLEN                                             323000     0               0            0
                  2  ROGER D. EMERICK                                             323000     0               0            0
                  3  EDWARD C. GRADY                                              323000     0               0            0
                  4  AMIN J. KHOURY                                               323000     0               0            0
                  5  ROBERT J. LEPOFSKY                                           323000     0               0            0
                  6  JOSEPH R. MARTIN                                             323000     0               0            0
                  7  JOHN K. MCGILLICUDDY                                         323000     0               0            0
                  8  KRISHNA G. PALEPU                                            323000     0               0            0
                  9  ALFRED WOOLLACOTT, III                                       323000     0               0            0
                  10 MARK S. WRIGHTON                                             323000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 323000     0               0            0

       3          Amend Incentive Stock Option Plan To IncreasFor                 323000     0               0            0

       4          Amend Stock Purchase Plan To Increase SharesFor                 323000     0               0            0



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CENTRAL SECURITIES CORPORATION

       CUSIP:           155123102
       Ticker:          ADX
       Meeting Date:    08-Mar-2006


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  SIMMS C. BROWNING                                            26055      0               0            0
                  2  DONALD G. CALDER                                             26055      0               0            0
                  3  JAY R. INGLIS                                                26055      0               0            0
                  4  DUDLEY D. JOHNSON                                            26055      0               0            0
                  5  WILMOT H. KIDD                                               26055      0               0            0
                  6  C. CARTER WALKER, JR.                                        26055      0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 26055      0               0            0



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ADAMS EXPRESS COMPANY

       CUSIP:           006212104
       Ticker:          ADX
       Meeting Date:    28-Mar-2006


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  ENRIQUE R. ARZAC                                             105075     0               0            0
                  2  PHYLLIS O. BONANNO                                           105075     0               0            0
                  3  DANIEL E. EMERSON                                            105075     0               0            0
                  4  FREDERIC A. ESCHERIC                                         105075     0               0            0
                  5  ROGER W. GALE                                                105075     0               0            0
                  6  THOMAS H. LENAGH                                             105075     0               0            0
                  7  KATHLEEN T. MCGAHRAN                                         105075     0               0            0
                  8  DOUGLAS G. OBER                                              105075     0               0            0
                  9  JOHN J. ROBERTS                                              105075     0               0            0
                  10 CRAIG R. SMITH                                               105075     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 105075     0               0            0



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GENERAL AMERICAN INVESTORS COMPANY, INC.

       CUSIP:           368802104
       Ticker:          GAM
       Meeting Date:    12-Apr-2006


       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MR. BUTTENWIESER                                             449457     0               0            0
                  2  MR. CULLMAN                                                  449457     0               0            0
                  3  MR. DAVIDSON                                                 449457     0               0            0
                  4  DR. EDELMAN                                                  449457     0               0            0
                  5  MR. GORDAN                                                   449457     0               0            0
                  6  MR. PIVIROTTO                                                449457     0               0            0
                  7  MS. SHUMAN                                                   449457     0               0            0
                  8  MR. STEWART                                                  449457     0               0            0
                  9  MR. TROUBH                                                   449457     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 449457     0               0            0



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RIO TINTO PLC

       CUSIP:           767204100
       Ticker:          RTP
       Meeting Date:    12-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Allot Securities                            For                 65000      0               0            0

       2          Allot Securities                            For                 65000      0               0            0

       3          Authorize Directors To Repurchase Shares    For                 65000      0               0            0

       4          Approve Article Amendments                  For                 65000      0               0            0

       5          Miscellaneous Corporate Governance          For                 65000      0               0            0

       6          Miscellaneous Corporate Governance          For                 65000      0               0            0

       7          Miscellaneous Corporate Governance          For                 65000      0               0            0

       8          Miscellaneous Corporate Governance          For                 65000      0               0            0

       9          Miscellaneous Corporate Governance          For                 65000      0               0            0

       10         Miscellaneous Corporate Governance          For                 65000      0               0            0

       11         Ratify Appointment Of Independent Auditors  For                 65000      0               0            0

       12         Approve Renumeration Of Directors And AuditoFor                 65000      0               0            0

       13         Approve Financial Statements                For                 65000      0               0            0



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SUNTRUST BANKS, INC.

       CUSIP:           867914103
       Ticker:          STI
       Meeting Date:    18-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  J. HYATT BROWN                                               200000     0               0            0
                  2  ALSTON D. CORRELL                                            200000     0               0            0
                  3  DAVID H. HUGHES                                              200000     0               0            0
                  4  E. NEVILLE ISDELL                                            200000     0               0            0
                  5  G. GILMER MINOR, III                                         200000     0               0            0
                  6  THOMAS M. GARROTT                                            200000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 200000     0               0            0

       3          S/H PROPOSAL - DECLASSIFY BOARD             Against             0          200000          0            0



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M&T BANK CORPORATION

       CUSIP:           55261F104
       Ticker:          MTB
       Meeting Date:    18-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  BRENT D. BAIRD                                               310000     0               0            0
                  2  ROBERT J. BENNETT                                            310000     0               0            0
                  3  C. ANGELA BONTEMPO                                           310000     0               0            0
                  4  ROBERT T. BRADY                                              310000     0               0            0
                  5  EMERSON L. BRUMBACK                                          310000     0               0            0
                  6  MICHAEL D. BUCKLEY                                           310000     0               0            0
                  7  T.J. CUNNINGHAM III                                          310000     0               0            0
                  8  COLM E. DOHERTY                                              310000     0               0            0
                  9  RICHARD E. GARMAN                                            310000     0               0            0
                  10 DANIEL R. HAWBAKER                                           310000     0               0            0
                  11 PATRICK W.E. HODGSON                                         310000     0               0            0
                  12 RICHARD G. KING                                              310000     0               0            0
                  13 REGINALD B. NEWMAN, II                                       310000     0               0            0
                  14 JORGE G. PEREIRA                                             310000     0               0            0
                  15 MICHAEL P. PINTO                                             310000     0               0            0
                  16 ROBERT E. SADLER, JR.                                        310000     0               0            0
                  17 EUGENE J. SHEEHY                                             310000     0               0            0
                  18 STEPHEN G. SHEETZ                                            310000     0               0            0
                  19 HERBERT L. WASHINGTON                                        310000     0               0            0
                  20 ROBERT G. WILMERS                                            310000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 310000     0               0            0



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GENENTECH, INC.

       CUSIP:           368710406
       Ticker:          DNA
       Meeting Date:    20-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  HERBERT W. BOYER                                             330000     0               0            0
                  2  WILLIAM M. BURNS                                             330000     0               0            0
                  3  ERICH HUNZIKER                                               330000     0               0            0
                  4  JONATHAN K.C. KNOWLES                                        330000     0               0            0
                  5  ARTHUR D. LEVINSON                                           330000     0               0            0
                  6  DEBRA L. REED                                                330000     0               0            0
                  7  CHARLES A. SANDERS                                           330000     0               0            0

       2          Adopt Stock Option Plan                     For                 330000     0               0            0

       3          Ratify Appointment Of Independent Auditors  For                 330000     0               0            0



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METLIFE, INC.

       CUSIP:           59156R108
       Ticker:          MET
       Meeting Date:    25-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  C. ROBERT HENRIKSON                                          285000     0               0            0
                  2  JOHN M. KEANE                                                285000     0               0            0
                  3  HUGH B. PRICE                                                285000     0               0            0
                  4  KENTON J. SICCHITANO                                         285000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 285000     0               0            0



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BANK OF AMERICA CORPORATION

       CUSIP:           060505104
       Ticker           BAC
       Meeting Date:    26-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  WILLIAM BARNET, III                                          280000     0               0            0
                  2  FRANK P. BRAMBLE, SR.                                        280000     0               0            0
                  3  JOHN T. COLLINS                                              280000     0               0            0
                  4  GARY L. COUNTRYMAN                                           280000     0               0            0
                  5  TOMMY R. FRANKS                                              280000     0               0            0
                  6  PAUL FULTON                                                  280000     0               0            0
                  7  CHARLES K. GIFFORD                                           280000     0               0            0
                  8  W. STEVEN JONES                                              280000     0               0            0
                  9  KENNETH D. LEWIS                                             280000     0               0            0
                  10 MONICA C. LOZANO                                             280000     0               0            0
                  11 WALTER E. MASSEY                                             280000     0               0            0
                  12 THOMAS J. MAY                                                280000     0               0            0
                  13 PATRICIA E. MITCHELL                                         280000     0               0            0
                  14 THOMAS M. RYAN                                               280000     0               0            0
                  15 O. TEMPLE SLOAN, JR.                                         280000     0               0            0
                  16 MEREDITH R. SPANGLER                                         280000     0               0            0
                  17 ROBERT L. TILLMAN                                            280000     0               0            0
                  18 JACKIE M. WARD                                               280000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 280000     0               0            0

       3          Adopt Stock Option Plan                     For                 280000     0               0            0

       4          S/H Proposal - Political/Government         Against             0          280000          0            0

       5          S/H Proposal - Corporate Governance         Against             0          280000          0            0

       6          S/H PROPOSAL - ESTABLISH Independent ChairmaAgainst             0          280000          0            0

       7          S/H Proposal - Human Rights Related         Against             0          280000          0            0



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PFIZER INC.

       CUSIP:           717081103
       Ticker:          PFE
       Meeting Date:    27-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MICHAEL S. BROWN                                             1250000    0               0            0
                  2  M. ANTHONY BURNS                                             1250000    0               0            0
                  3  ROBERT N. BURT                                               1250000    0               0            0
                  4  W. DON CORNWELL                                              1250000    0               0            0
                  5  WILLIAM H. GRAY III                                          1250000    0               0            0
                  6  CONSTANCE J. HORNER                                          1250000    0               0            0
                  7  WILLIAM R. HOWELL                                            1250000    0               0            0
                  8  STANLEY O. IKENBERRY                                         1250000    0               0            0
                  9  GEORGE A. LORCH                                              1250000    0               0            0
                  10 HENRY A. MCKINNELL                                           1250000    0               0            0
                  11 DANA G. MEAD                                                 1250000    0               0            0
                  12 RUTH J. SIMMONS                                              1250000    0               0            0
                  13 WILLIAM C. STEERE, JR.                                       1250000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1250000    0               0            0

       3          Approve Charter Amendment                   For                 1250000    0               0            0

       4          Miscellaneous Shareholder Proposal          Against             0          1250000         0            0

       5          Miscellaneous Shareholder Proposal          Against             0          1250000         0            0

       6          S/H Proposal - Adopt Cumulative Voting      Against             0          1250000         0            0

       7          S/H Proposal - Separate Chairman/CEO        Against             0          1250000         0            0

       8          S/H Proposal - Establish Nominating CommitteAgainst             0          1250000         0            0

       9          S/H Proposal - Animal Rights                Against             0          1250000         0            0

       10         S/H Proposal - Animal Rights                Against             0          1250000         0            0



------------------------------------------------------------------------------------------------------------------------------------
CEMEX, S.A. DE C.V.

       CUSIP:           151290889
       Ticker:          CX
       Meeting Date:    27-Apr-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Approve Stock Split                         For                 1143041    0               0            0

       2          Approve Charter Amendment                   For                 0          0               1143041      0

       3          Authorize Directors To Repurchase Shares    For                 0          0               1143041      0

       4          Approve Financial Statements                For                 0          0               1143041      0

       5          Authorize Purchase Of Assets                For                 1143041    0               0            0

       6          Increase Share Capital                      For                 0          0               1143041      0

       7          Approve Nominee's Election To The Board     For                 1143041    0               0            0

       8          Miscellaneous Compensation Plans            For                 1143041    0               0            0

       9          Miscellaneous Compensation Plans            For                 1143041    0               0            0



------------------------------------------------------------------------------------------------------------------------------------
EOG RESOURCES, INC.

       CUSIP:           26875P101
       Ticker:          EOG
       Meeting Date:    02-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  GEORGE A. ALCORN                                             450000     0               0            0
                  2  CHARLES R. CRISP                                             450000     0               0            0
                  3  MARK G. PAPA                                                 450000     0               0            0
                  4  EDMUND P. SEGNER, III                                        450000     0               0            0
                  5  WILLIAM D. STEVENS                                           450000     0               0            0
                  6  H. LEIGHTON STEWARD                                          450000     0               0            0
                  7  DONALD F. TEXTOR                                             450000     0               0            0
                  8  FRANK G. WISNER                                              450000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 450000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINANCIAL CORPORATION

       CUSIP:           381317106
       Ticker:          GDW
       Meeting Date:    03-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MARYELLEN C. HERRINGER                                       585000     0               0            0
                  2  KENNETH T. ROSEN                                             585000     0               0            0
                  3  HERBERT M. SANDLER                                           585000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 585000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
PEPSICO, INC.

       CUSIP:           713448108
       Ticker:          PEP
       Meeting Date:    03-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  J.F. AKERS                                                   175000     0               0            0
                  2  R.E. ALLEN                                                   175000     0               0            0
                  3  D. DUBLON                                                    175000     0               0            0
                  4  V.J. DZAU                                                    175000     0               0            0
                  5  R.L. HUNT                                                    175000     0               0            0
                  6  A. IBARGUEN                                                  175000     0               0            0
                  7  A.C. MARTINEZ                                                175000     0               0            0
                  8  I.K. NOOYI                                                   175000     0               0            0
                  9  S.S REINEMUND                                                175000     0               0            0
                  10 S.P. ROCKEFELLER                                             175000     0               0            0
                  11 J.J. SCHIRO                                                  175000     0               0            0
                  12 F.A. THOMAS                                                  175000     0               0            0
                  13 C.M. TRUDELL                                                 175000     0               0            0
                  14 D. VASELLA                                                   175000     0               0            0
                  15 M.D. WHITE                                                   175000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 175000     0               0            0

       3          S/H Proposal - Political/Government         Against             0          175000          0            0

       4          S/H Proposal - Establish Nominating CommitteAgainst             0          175000          0            0



------------------------------------------------------------------------------------------------------------------------------------
ARCH CAPITAL GROUP LTD.

       CUSIP:           G0450A105
       Ticker:          ACGL
       Meeting Date:    03-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  CONSTANTINE IORDANOU                                         350000     0               0            0
                  2  JAMES J. MEENAGHAN                                           350000     0               0            0
                  3  JOHN M. PASQUESI                                             350000     0               0            0
                  4  JAMES J. ANSALDI                                             350000     0               0            0
                  5  GRAHAM B. COLLIS                                             350000     0               0            0
                  6  MARC GRANDISSON                                              350000     0               0            0
                  7  W. PRESTON HUTCHINGS                                         350000     0               0            0
                  8  CONSTANTINE IORDANOU                                         350000     0               0            0
                  9  RALPH E. JONES III                                           350000     0               0            0
                  10 THOMAS G. KAISER                                             350000     0               0            0
                  11 MARK D. LYONS                                                350000     0               0            0
                  12 NICHOLAS J. METCALF                                          350000     0               0            0
                  13 MARTIN J. NILSEN                                             350000     0               0            0
                  14 NICOLAS PAPADOPOULO                                          350000     0               0            0
                  15 MICHAEL QUINN                                                350000     0               0            0
                  16 MAAMOUN RAJEH                                                350000     0               0            0
                  17 PAUL S. ROBOTHAM                                             350000     0               0            0
                  18 ROBERT T. VAN GIESON                                         350000     0               0            0
                  19 JOHN D. VOLLARO                                              350000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 350000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
EMC CORPORATION

       CUSIP:           268648102
       Ticker:          EMC
       Meeting Date:    04-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  GAIL DEEGAN                                                  300000     0               0            0
                  2  OLLI-PEKKA KALLASVUO                                         300000     0               0            0
                  3  WINDLE B. PRIEM                                              300000     0               0            0
                  4  ALFRED M. ZEIEN                                              300000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 300000     0               0            0

       3          S/H Proposal - Corporate Governance         Against             0          300000          0            0

       4          S/H Proposal - Executive Compensation       Against             0          300000          0            0

       5          S/H PROPOSAL - Declassify Board             Against             0          300000          0            0

       6          S/H proposal - Audit Committee              Against             0          300000          0            0



------------------------------------------------------------------------------------------------------------------------------------
ABB LTD

       CUSIP:           000375204
       Ticker:          ABB
       Meeting Date:    04-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Approve Financial Statements                For                 1150000    0               0            0

       2          Approve Discharge Of Board And President    For                 1150000    0               0            0

       3          Miscellaneous Corporate Governance          For                 1150000    0               0            0

       4          Miscellaneous Corporate Governance          For                 1150000    0               0            0

       5          Ratify Appointment Of Independent Auditors  For                 1150000    0               0            0



------------------------------------------------------------------------------------------------------------------------------------
APACHE CORPORATION

       CUSIP:           037411105
       Ticker:          APA
       Meeting Date:    04-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  FREDERICK M. BOHEN                                           665000     0               0            0
                  2  GEORGE D. LAWRENCE                                           665000     0               0            0
                  3  RODMAN D. PATTON                                             665000     0               0            0
                  4  CHARLES J. PITMAN                                            665000     0               0            0
                  5  JAY A. PRECOURT                                              665000     0               0            0

       2          Amend Non-Employee Director Plan            For                 0          0               0            0



------------------------------------------------------------------------------------------------------------------------------------
BERKSHIRE HATHAWAY INC.

        CUSIP:          084670108
        Ticker:         BRKA
        Meeting Date:   08-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  WARREN E. BUFFETT                                            300        0               0            0
                  2  CHARLES T. MUNGER                                            300        0               0            0
                  3  HOWARD G. BUFFETT                                            300        0               0            0
                  4  MALCOLM G. CHACE                                             300        0               0            0
                  5  WILLIAM H. GATES III                                         300        0               0            0
                  6  DAVID S. GOTTESMAN                                           300        0               0            0
                  7  CHARLOTTE GUYMAN                                             300        0               0            0
                  8  DONALD R. KEOUGH                                             300        0               0            0
                  9  THOMAS S. MURPHY                                             300        0               0            0
                  10 RONALD L. OLSON                                              300        0               0            0
                  11 WALTER SCOTT, JR.                                            300        0               0            0



------------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTERNATIONAL LTD.

       CUSIP:           G95089101
       Ticker:          WFT
       Meeting Date:          09-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  NICHOLAS F. BRADY                                            1220000    0               0            0
                  2  WILLIAM E. MACAULAY                                          1220000    0               0            0
                  3  DAVID J. BUTTERS                                             1220000    0               0            0
                  4  ROBERT B. MILLARD                                            1220000    0               0            0
                  5  BERNARD J. DUROC-DANNER                                      1220000    0               0            0
                  6  ROBERT K. MOSES, JR.                                         1220000    0               0            0
                  7  SHELDON B. LUBAR                                             1220000    0               0            0
                  8  ROBERT A. RAYNE                                              1220000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1220000    0               0            0

       3          Adopt Omnibus Stock Option Plan             For                 1220000    0               0            0

       4          Approve Authorized Common Stock Increase    For                 1220000    0               0            0



------------------------------------------------------------------------------------------------------------------------------------
TALISMAN ENERGY INC.

       CUSIP:           87425E103
       Ticker:          TLM
       Meeting Date:    09-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  DOUGLAS D. BALDWIN                                           1000000    0               0            0
                  2  JAMES W. BUCKEE                                              1000000    0               0            0
                  3  WILLIAM R.P. DALTON                                          1000000    0               0            0
                  4  KEVIN S. DUNNE                                               1000000    0               0            0
                  5  LAWRENCE G. TAPP                                             1000000    0               0            0
                  6  STELLA M. THOMPSON                                           1000000    0               0            0
                  7  ROBERT G. WELTY                                              1000000    0               0            0
                  8  CHARLES R. WILLIAMSON                                        1000000    0               0            0
                  9  CHARLES W. WILSON                                            1000000    0               0            0

       2          Appoint Auditors                            For                 1000000    0               0            0
       3          Approve Article Amendments                  For                 1000000    0               0            0



------------------------------------------------------------------------------------------------------------------------------------
REPUBLIC SERVICES, INC.

       CUSIP:           760759100
       Ticker:          RSG
       Meeting Date:    11-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  JAMES E. O'CONNOR                                            1175000    0               0            0
                  2  HARRIS W. HUDSON                                             1175000    0               0            0
                  3  JOHN W. CROGHAN                                              1175000    0               0            0
                  4  W. LEE NUTTER                                                1175000    0               0            0
                  5  RAMON A. RODRIGUEZ                                           1175000    0               0            0
                  6  ALLAN C. SORENSEN                                            1175000    0               0            0
                  7  MICHAEL W. WICKHAM                                           1175000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1175000    0               0            0



------------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER CORPORATION

       CUSIP:           029912201
       Ticker:          AMT
       Meeting Date:    11-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  RAYMOND P. DOLAN                                             675000     0               0            0
                  2  CAROLYN F. KATZ                                              675000     0               0            0
                  3  GUSTAVO LARA CANTU                                           675000     0               0            0
                  4  FRED R. LUMMIS                                               675000     0               0            0
                  5  PAMELA D.A. REEVE                                            675000     0               0            0
                  6  JAMES D. TAICLET, JR.                                        675000     0               0            0
                  7  SAMME L. THOMPSON                                            675000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 675000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
AXIS CAPITAL HOLDINGS LTD.

       CUSIP:           G0692U109
       Ticker:          AXS
       Meeting Date:    12-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MICHAEL A. BUTT                                              175000     0               0            0
                  2  JOHN R. CHARMAN                                              175000     0               0            0
                  3  CHARLES A. DAVIS                                             175000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 175000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
PARTNERRE LTD.

       CUSIP:           G6852T105
       Ticker:          PRE
       Meeting Date:    12-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  ROBERT M. BAYLIS                                             365000     0               0            0
                  2  JAN H. HOLSBOER                                              365000     0               0            0
                  3  KEVIN M. TWOMEY                                              365000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 365000     0               0            0

       3          Transact Other Business                     For                 365000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
TOTAL S.A.

       CUSIP:           89151E109
       Ticker:          TOT
       Meeting Date:    12-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Approve Financial Statements                None                0          0               0            330000

       2          Approve Financial Statements                None                0          0               0            330000

       3          Dividends                                   None                0          0               0            330000

       4          Elect Supervisory Board Member              None                0          0               0            330000

       5          Approve Article Amendments                  None                0          0               0            330000

       6          Approve Previous Board's Actions            None                0          0               0            330000

       7          Election Of Directors                       None

                  1  ANNE LAUVERGEON                                              0          0               0            330000
                  2  DANIEL BOUTON                                                0          0               0            330000
                  3  BERTRAND COLLOMB                                             0          0               0            330000
                  4  A JEANCOURT-GALIGNANI                                        0          0               0            330000
                  5  MICHEL PEBEREAU                                              0          0               0            330000
                  6  PIERRE VAILLAUD                                              0          0               0            330000
                  7  CHRISTOPHE DE MARGERIE                                       0          0               0            330000

       8          Elect Supervisory Board Member              None                0          0               0            330000

       9          Approve Reverse Stock Split                 None                0          0               0            330000

       10         Approve Article Amendments                  None                0          0               0            330000

       11         Miscellaneous Corporate Governance          None                0          0               0            330000

       12         Miscellaneous Corporate Governance          None                0          0               0            330000



------------------------------------------------------------------------------------------------------------------------------------
THE ALLSTATE CORPORATION

       CUSIP:           020002101
       Ticker:          ALL
       Meeting Date:    16-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  F. DUANE ACKERMAN                                            275000     0               0            0
                  2  JAMES G. ANDRESS                                             275000     0               0            0
                  3  W. JAMES FARRELL                                             275000     0               0            0
                  4  JACK M. GREENBERG                                            275000     0               0            0
                  5  RONALD T. LEMAY                                              275000     0               0            0
                  6  EDWARD M. LIDDY                                              275000     0               0            0
                  7  J. CHRISTOPHER REYES                                         275000     0               0            0
                  8  H. JOHN RILEY, JR.                                           275000     0               0            0
                  9  JOSHUA I. SMITH                                              275000     0               0            0
                  10 JUDITH A. SPRIESER                                           275000     0               0            0
                  11 MARY ALICE TAYLOR                                            275000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 275000     0               0            0

       3          Adopt Incentive Stock Option Plan           For                 275000     0               0            0

       4          Approve Stock Compensation Plan             For                 275000     0               0            0

       5          S/H Proposal - Corporate Governance         Against             0          275000          0            0

       6          S/H Proposal - Corporate Governance         Against             0          275000          0            0



------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON COMPANY

       CUSIP:           406216101
       Ticker:          HAL
       Meeting Date:    17-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  A.M. BENNETT                                                 440000     0               0            0
                  2  J.R. BOYD                                                    440000     0               0            0
                  3  R.L. CRANDALL                                                440000     0               0            0
                  4  K.T DERR                                                     440000     0               0            0
                  5  S.M. GILLIS                                                  440000     0               0            0
                  6  W.R. HOWELL                                                  440000     0               0            0
                  7  R.L. HUNT                                                    440000     0               0            0
                  8  D.J. LESAR                                                   440000     0               0            0
                  9  J.L.MARTIN                                                   440000     0               0            0
                  10 J.A. PRECOURT                                                440000     0               0            0
                  11 D.L. REED                                                    440000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 440000     0               0            0

       3          Approve Authorized Common Stock Increase    For                 440000     0               0            0

       4          Approve Charter Amendment                   For                 440000     0               0            0

       5          S/H Proposal - Human Rights Related         Against             0          440000          0            0

       6          S/H Proposal - Corporate Governance         Against             0          440000          0            0

       7          S/H Proposal - Rescind Or Allow Shareholder Against             0          440000          0            0
                  Poison Pill



------------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTERNATIONAL GROUP, INC.

       CUSIP:           026874107
       Ticker:          AIG
       Meeting Date:    17-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  PEI-YUAN CHIA                                                350000     0               0            0
                  2  MARSHALL A. COHEN                                            350000     0               0            0
                  3  MARTIN S. FELDSTEIN                                          350000     0               0            0
                  4  ELLEN V. FUTTER                                              350000     0               0            0
                  5  STEPHEN L. HAMMERMAN                                         350000     0               0            0
                  6  RICHARD C. HOLBROOKE                                         350000     0               0            0
                  7  FRED H. LANGHAMMER                                           350000     0               0            0
                  8  GEORGE L. MILES, JR.                                         350000     0               0            0
                  9  MORRIS W. OFFIT                                              350000     0               0            0
                  10 JAMES F. ORR III                                             350000     0               0            0
                  11 MARTIN J. SULLIVAN                                           350000     0               0            0
                  12 MICHAEL H. SUTTON                                            350000     0               0            0
                  13 EDMUND S.W. TSE                                              350000     0               0            0
                  14 ROBERT B. WILLUMSTAD                                         350000     0               0            0
                  15 FRANK G. ZARB                                                350000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 350000     0               0            0

       3          Approve Cash/Stock Bonus Plan               For                 350000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
EVEREST RE GROUP, LTD.

       CUSIP:           G3223R108
       Ticker:          RE
       Meeting Date:    23-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MARTIN ABRAHAMS                                              540000     0               0            0
                  2  JOHN R. DUNNE                                                540000     0               0            0
                  3  JOHN A. WEBER                                                540000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 540000     0               0            0

       3          Amend Incentive Stock Option Plan           For                 540000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
XEROX CORPORATION

       CUSIP:           984121103
       Ticker:          XRX
       Meeting Date:    24-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  GLENN A. BRITT                                               1900000    0               0            0
                  2  RICHARD J. HARRINGTON                                        1900000    0               0            0
                  3  WILLIAM CURT HUNTER                                          1900000    0               0            0
                  4  VERNON E. JORDAN, JR.                                        1900000    0               0            0
                  5  HILMAR KOPPER                                                1900000    0               0            0
                  6  RALPH S. LARSEN                                              1900000    0               0            0
                  7  ROBERT A. MCDONALD                                           1900000    0               0            0
                  8  ANNE M. MULCAHY                                              1900000    0               0            0
                  9  N.J. NICHOLAS, JR.                                           1900000    0               0            0
                  10 ANN N. REESE                                                 1900000    0               0            0
                  11 MARY AGNES WILDEROTTER                                       1900000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1900000    0               0            0

       3          S/H Proposal - Corporate Governance         Against             0          1900000         0            0

       4          S/H Proposal - Override Csa Vote RestrictionAgainst             0          1900000         0            0



------------------------------------------------------------------------------------------------------------------------------------
MEDIMMUNE, INC.

       CUSIP:           584699102
       Ticker:          MEDI
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  WAYNE T. HOCKMEYER                                           400000     0               0            0
                  2  DAVID M. MOTT                                                400000     0               0            0
                  3  DAVID BALTIMORE                                              400000     0               0            0
                  4  M. JAMES BARRETT                                             400000     0               0            0
                  5  JAMES H. CAVANAUGH                                           400000     0               0            0
                  6  BARBARA H. FRANKLIN                                          400000     0               0            0
                  7  GORDON S. MACKLIN                                            400000     0               0            0
                  8  GEORGE M. MILNE, JR.                                         400000     0               0            0
                  9  ELIZABETH H.S. WYATT                                         400000     0               0            0

       2          Amend Non-Employee Director Plan            For                 400000     0               0            0

       3          Ratify Appointment Of Independent Auditors  For                 400000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
THE HOME DEPOT, INC.

       CUSIP:           437076102
       Ticker:          HD
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  GREGORY D. BRENNEMAN                                         1570000    0               0            0
                  2  JOHN L. CLENDENIN                                            1570000    0               0            0
                  3  CLAUDIO X. GONZALEZ                                          1570000    0               0            0
                  4  MILLEDGE A. HART, III                                        1570000    0               0            0
                  5  BONNIE G. HILL                                               1570000    0               0            0
                  6  LABAN P. JACKSON, JR.                                        1570000    0               0            0
                  7  LAWRENCE R. JOHNSTON                                         1570000    0               0            0
                  8  KENNETH G. LANGONE                                           0          0               1570000      0
                  9  ANGELO R. MOZILO                                             1570000    0               0            0
                  10 ROBERT L. NARDELLI                                           1570000    0               0            0
                  11 THOMAS J. RIDGE                                              1570000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1570000    0               0            0

       3          Miscellaneous Shareholder Proposal          Against             1570000    0               0            0

       4          S/H Proposal - Report on EEO                Against             0          1570000         0            0

       5          S/H PROPOSAL - ESTABLISH Independent ChairmaAgainst             1570000    0               0            0

       6          S/H Proposal - Corporate Governance         Against             1570000    0               0            0

       7          S/H Proposal - Put Golden Parachute To ShareAgainst             1570000    0               0            0

       8          S/H Proposal - Political/Government         Against             1570000    0               0            0

       9          Miscellaneous Shareholder Proposal          Against             1570000    0               0            0

       10         S/H Proposal - Political/Government         Against             1570000    0               0            0



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TRANSATLANTIC HOLDINGS, INC.

       CUSIP:           893521104
       Ticker:          TRH
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  JAMES BALOG                                                  225000     0               0            0
                  2  STEVEN J. BENSINGER                                          225000     0               0            0
                  3  C. FRED BERGSTEN                                             225000     0               0            0
                  4  JOHN J. MACKOWSKI                                            225000     0               0            0
                  5  DIANA K. MAYER                                               225000     0               0            0
                  6  ROBERT F. ORLICH                                             225000     0               0            0
                  7  MARTIN J. SULLIVAN                                           225000     0               0            0
                  8  THOMAS R. TIZZIO                                             225000     0               0            0

       2          Amend Stock Option Plan                     For                 225000     0               0            0

       3          Amend Incentive Stock Option Plan           For                 225000     0               0            0

       4          Ratify Appointment Of Independent Auditors  For                 225000     0               0            0



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MFA MORTGAGE INVESTMENTS, INC.

       CUSIP:           55272X102
       Ticker:          MFA
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MICHAEL L. DAHIR                                             1300000    0               0            0
                  2  GEORGE H. KRAUSS                                             1300000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 1300000    0               0            0



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ANNALY MORTGAGE MANAGEMENT, INC.

       CUSIP:           035710409
       Ticker:          NLY
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  W. J. DENAHAN-NORRIS                                         500000     0               0            0
                  2  DONNELL A. SEGALAS                                           500000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 500000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
BIOGEN IDEC INC.

       CUSIP:           09062X103
       Ticker:          BIIB
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  LAWRENCE C. BEST                                             170000     0               0            0
                  2  ALAN B. GLASSBERG                                            170000     0               0            0
                  3  ROBERT W. PANGIA                                             170000     0               0            0
                  4  WILLIAM D. YOUNG                                             170000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 170000     0               0            0

       3          Adopt Non-Employee Director Plan            For                 170000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
LAMAR ADVERTISING COMPANY

       CUSIP:           512815101
       Ticker:          LAMR
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  JOHN MAXWELL HAMILTON                                        350000     0               0            0
                  2  ROBERT M. JELENIC                                            350000     0               0            0
                  3  STEPHEN P. MUMBLOW                                           350000     0               0            0
                  4  THOMAS V. REIFENHEISER                                       350000     0               0            0
                  5  ANNA REILLY                                                  350000     0               0            0
                  6  KEVIN P. REILLY, JR.                                         350000     0               0            0
                  7  WENDELL REILLY                                               350000     0               0            0

       2          Amend Incentive Stock Option Plan           For                 350000     0               0            0



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CYTOKINETICS, INCORPORATED

       CUSIP:           23282W100
       Ticker:          CYTK
       Meeting Date:    25-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  JAMES A. SPUDICH                                             604900     0               0            0
                  2  CHARLES HOMCY                                                604900     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 604900     0               0            0

       3          Amend Stock Purchase Plan                   For                 604900     0               0            0



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VERISIGN, INC.

       CUSIP:           92343E102
       Ticker:          VRSN
       Meeting Date:    26-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  MICHELLE GUTHRIE                                             133500     0               0            0
                  2  ROGER H. MOORE                                               133500     0               0            0
                  3  EDWARD A. MUELLER                                            133500     0               0            0
                  4  WILLIAM A. ROPER, JR.                                        133500     0               0            0

       2          Adopt Incentive Stock Option Plan           For                 133500     0               0            0

       3          Ratify Appointment Of Independent Auditors  For                 133500     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
DOLLAR GENERAL CORPORATION

       CUSIP:           256669102
       Ticker:          DG
       Meeting Date:    31-May-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  DAVID L. BERE                                                750000     0               0            0
                  2  DENNIS C. BOTTORFF                                           750000     0               0            0
                  3  BARBARA L. BOWLES                                            750000     0               0            0
                  4  REGINALD D. DICKSON                                          750000     0               0            0
                  5  E. GORDON GEE                                                750000     0               0            0
                  6  BARBARA M. KNUCKLES                                          750000     0               0            0
                  7  DAVID A. PERDUE                                              750000     0               0            0
                  8  J. NEAL PURCELL                                              750000     0               0            0
                  9  JAMES D. ROBBINS                                             750000     0               0            0
                  10 DAVID M. WILDS                                               750000     0               0            0

       2          Amend Incentive Stock Option Plan           For                 0          750000          0            0

       3          Ratify Appointment Of Independent Auditors  For                 750000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
WAL-MART STORES, INC.

       CUSIP:           931142103
       Ticker:          WMT
       Meeting Date:    02-Jun-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  AIDA M. ALVAREZ                                              575000     0               0            0
                  2  JAMES W. BREYER                                              575000     0               0            0
                  3  M. MICHELE BURNS                                             575000     0               0            0
                  4  JAMES I. CASH, JR.                                           575000     0               0            0
                  5  DOUGLAS N. DAFT                                              575000     0               0            0
                  6  DAVID D. GLASS                                               575000     0               0            0
                  7  ROLAND A. HERNANDEZ                                          575000     0               0            0
                  8  H. LEE SCOTT, JR.                                            575000     0               0            0
                  9  JACK C. SHEWMAKER                                            575000     0               0            0
                  10 JIM C. WALTON                                                575000     0               0            0
                  11 S. ROBSON WALTON                                             575000     0               0            0
                  12 CHRISTOPHER J. WILLIAMS                                      575000     0               0            0
                  13 LINDA S. WOLF                                                575000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 575000     0               0            0

       3          S/H Proposal - Animal Rights                Against             0          575000          0            0

       4          S/H Proposal - Political/Government         Against             575000     0               0            0

       5          S/H Proposal - Corporate Governance         Against             575000     0               0            0

       6          S/H Proposal - Environmental                Against             0          575000          0            0

       7          S/H Proposal - Executive Compensation       Against             0          575000          0            0

       8          S/H Proposal - Executive Compensation       Against             0          575000          0            0



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THE TJX COMPANIES, INC.

       CUSIP:           872540109
       Ticker:          TJX
       Meeting Date:    06-Jun-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Election Of Directors                       For

                  1  DAVID A. BRANDON                                             2500000    0               0            0
                  2  BERNARD CAMMARATA                                            2500000    0               0            0
                  3  GARY L. CRITTENDEN                                           2500000    0               0            0
                  4  GAIL DEEGAN                                                  2500000    0               0            0
                  5  DENNIS F. HIGHTOWER                                          2500000    0               0            0
                  6  AMY B. LANE                                                  2500000    0               0            0
                  7  RICHARD G. LESSER                                            2500000    0               0            0
                  8  JOHN F. O'BRIEN                                              2500000    0               0            0
                  9  ROBERT F. SHAPIRO                                            2500000    0               0            0
                  10 WILLOW B. SHIRE                                              2500000    0               0            0
                  11 FLETCHER H. WILEY                                            2500000    0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 2500000    0               0            0

       3          S/H Proposal - Corporate Governance         Against             0          2500000         0            0



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ANNUITY AND LIFE RE (HOLDINGS), LTD.

       CUSIP:           G03910109
       Ticker:          ANNRF
       Meeting Date:    07-Jun-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action

       1          Miscellaneous Corporate Governance          For                 500000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 500000     0               0            0



------------------------------------------------------------------------------------------------------------------------------------
BED BATH & BEYOND INC.

       CUSIP:           075896100
       Ticker:          BBBY
       Meeting Date:    29-Jun-2006

       Item       Proposal                                    Recommendation      For        Against         Abstain  Take No Action


       1          Election Of Directors                       For

                  1  STEVEN H. TEMARES                                            200000     0               0            0
                  2  KLAUS EPPLER                                                 200000     0               0            0
                  3  FRAN STOLLER                                                 200000     0               0            0

       2          Ratify Appointment Of Independent Auditors  For                 200000     0               0            0

       3          S/H Proposal - Add Women  To Board          Against             0          200000          0            0

       4          S/H Proposal - Human Rights Related         Against             0          200000          0            0

       5          S/H Proposal - Environmental                Against             0          200000          0            0

       6          Declassify Board                            For                 200000     0               0            0



                                   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.

(Registrant)  General American Investors Company, Inc.

By (Signature and Title)  /s/Spencer Davidson
                          Spencer Davidson
                          President and Chief Executive Officer

Date  August 3, 2006