UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
Brazil Fund, Inc.
Investment Company Act file number 811-5269
Brazil Fund, Inc.
(Exact name of registrant as specified in charter)
345 Park Avenue
New York, NY 10154
(Address of principal executive offices) (Zip code)
John Millette
Secretary
Two International Place
Boston, MA 02110
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-295-1000
Date of fiscal year end: 06/30
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Date of reporting period: 7/1/03-6/30/04
----------------
Form N-PX is to be used by a registered management investment company, other
than 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.
DeAM - Investment Company Report Report Date: 08/04/2004
Meeting Date Range: 07/01/2003 to 06/30/2004
Selected Accounts: Brazil Fund
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CIA VALE DO RIO DOCE EGM Meeting Date: 08/29/2003
Issuer: P2605D109 ISIN: BRVALEACNPA3
SEDOL: 2256630, 2257127, 5896851
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Vote Group: UNASSIGNED
Proposal Proposal Vote Against
Number Proposal Type Cast Mgmt.
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* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON ALL RESOLUTIONS
1. APPROVE, UNDER THE TERMS OF ARTICLES 224TH AND Management For No
225TH OF LAW NUMBER 6404/76, TH E PROTOCOLS AND
JUSTIFICATIONS FOR THE TAKEOVERS OF CELMAR S.A.
INDUSTRIA DE C ELULOSE PAPEL AND FERTECO MINERACAO
S.A., FULL SUBSIDIARIES OF THE COMPANY
2. APPROVE THE APPOINTMENT OF THE SPECIALIZED COMPANIES Management For No
CONTRACT TO EVALUATE THE COMPANIES TO BE TAKEN
OVER
3. APPROVE THE RESPECTIVE EVALUATION REPORTS PREPARED Management For No
BY THE SPECIALIZED COMPANIE S
4. APPROVE THE TAKEOVER, WITHOUT INCREASING THE Management For No
CORPORATE STOCK AND WITHOUT ISSUI NG NEW SHARES,
OF CELMAR S.A. INDUSTRIA DE CELULOSE PAPEL AND
FERTECO MINERACA O S.A.
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CIA SOUZA CRUZ INDUSTRIA E COMERCIO CRUZ EGM Meeting Date: 09/12/2003
Issuer: P26663107 ISIN: BRCRUZACNOR0
SEDOL: 2832148
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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A. APPROVE TO INCREASE THE CORPORATE OBJECTIVES, Management For No
AS PROVIDED BY ARTICLE 2, TO ALL OW FOR THE PROVISION
OF TRANSPORT, DISTRIBUTION AND LOGISTIC SERVICES,
AS WELL AS BUSINESS MANDATE ACTIVITIES
B. AMEND ARTICLE 26 TO CREATE STATUTORY RESERVE Management For No
C. APPROVE TO CONSOLIDATE THE COMPANY BY-LAWS AS A Management For No
RESULT OF THE CHANGES
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COMPANHIA PARANAENSE DE ENERGIA , BRAZIL EGM Meeting Date: 09/30/2003
Issuer: P30557105 ISIN: BRCPLEACNOR8
SEDOL: 2192831
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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1. ELECT THE PRESIDENT OF THE BOARD OF DIRECTORS; AND Management For No
FILL A VACANCY IN THE BOARD OF DIRECTORS
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CIA SANEAMENTO BASICO DO ESTADO DE SAO PAULO SABESP EGM Meeting Date: 10/28/2003
Issuer: P8228H104 ISIN: BRSBSPACNOR5
SEDOL: 2158543
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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1. APPOINT EXPERTS TO PRODUCE THE APPRAISAL REPORT FOR Management For No
ECONOMIC VALUE OF THE SAO BERNARDO DOCAMPO
CITY SANITATION SYSTEM
2. RATIFY THE EXECUTIVE OFFICER S PAY, THE BOARD OF Management For No
DIRECTORS AND THE FISCAL COMM ITTEE
3. OTHER MATTERS Other Against Yes
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COMPANHIA PARANAENSE DE ENERGIA, BRAZIL EGM Meeting Date: 11/13/2003
Issuer: P30557105 ISIN: BRCPLEACNOR8
SEDOL: 2192831
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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1. AMEND THE COMPANY BY LAWS Management For No
2. APPROVE TO FILL THE VACANCIES ON THE BOARD OF Management For No
DIRECTORS
3. RECONFIRM THE DECISIONS TAKEN AT THE 159TH EGM Management For No
HELD ON 2 OCT 2003
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TELE NORTE LESTE PARTICIPACOES SA, BRAZIL AGM Meeting Date: 03/01/2004
Issuer: P9036X117 ISIN: BRTNLPACNOR3
SEDOL: 2292719
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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1. ACKNOWLEDGE THE DIRECTORS ACCOUNTS AND APPROVE THE Management For No
BOARD OF DIRECTORS REPORT AND THE FINANCIAL
STATEMENTS FOR THE FYE 31 DEC 2003, ACCOMPANIED
BY THE INDE PENDENT AUDITORS OPINION
2. APPROVE THE DISTRIBUTION OF NET PROFITS FROM THE FY Management For No
2003 AND PAY COMPANY DIVID ENDS, WITHIN
THE LIMITS OF INTEREST ON OWN CAPITAL DECLARED
DURING THE FY 2003 AND PAY PROFIT SHARING TO
EMPLOYEES AS PROVIDED IN ARTICLE 41 OF THE COMPANY
BYLAWS
3. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND Management For No
THEIR RESPECTIVE SUBSTITUTES W ITH A TERM OF
OFFICE OF 3 FISCAL YEARS, IN ACCORDANCE WITH
SECTION V OF ARTICL E 11 AND SOLE PARAGRAPH OF
ARTICLE 20 OF THE COMPANY BYLAWS
4. ELECT MEMBERS OF THE FINANCE COMMITTEE AND THEIR Management For No
RESPECTIVE SUBSTITUTES FOR TH E FY STARTING ON
01 JAN 2004
5. APPROVE TO DECIDE THE REMUNERATION FOR THE DIRECTORS Management For No
AND MEMBERS OF THE FINANC E COMMITTEE
6. APPROVE TO SET THE NEWSPAPERS IN WHICH THE COMPANYS Management For No
LEGAL NOTICES WILL BE PUB LISHED
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU
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CIA SOUZA CRUZ INDUSTRIA E COMERCIO CRUZ MIX Meeting Date: 03/04/2004
Issuer: P26663107 ISIN: BRCRUZACNOR0
SEDOL: 2832148
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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A.1 APPROVE TO EXAMINE, DISCUSS AND VOTE UPON THE Management For No
BOARD OF DIRECTORS ANNUAL REPOR T, THE FINANCIAL
STATEMENTS AND INDEPENDENT AUDITOR S REPORT RELATING
TO THE F YE 31 DEC 2003
A.2 APPROVE THE DISTRIBUTION OF THE NET PROFITS FROM Management For No
THE FY, INCLUDING THE REMUNER ATION TO SHAREHOLDERS
BY DIVIDENDS BRL 1.00 PER SHARE TO BE PAID
FROM 23 MAR 2004
A.3 ELECT THE MEMBERS OF THE BOARD OF DIRECTORS Management For No
A.4 APPROVE TO SET THE GLOBAL ANNUAL BUDGET FOR DIRECTOR Management For No
REMUNERATION
E.1 APPROVE TO INCREASE THE CAPITAL STOCK FROM BRL Management For No
466,434,863.99 TO BRL 625,280,0 09.19 BY CAPITALIZING
THE REALIZABLE PROFITS RESERVES OF BRL158,845,145.20
E.2 AMEND ARTICLE 5 OF THE COMPANY BYE-LAWS AS A Management For No
RESULT OF THE CAPITALIZATION MENT IONED ABOVE
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BANCO BRADESCO SA BRAD AGM Meeting Date: 03/10/2004
Issuer: P1808G117 ISIN: BRBBDCACNPR8
SEDOL: 2074520, 7074280
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON ITEM NO 2 AND 3 ONLY
1. RECEIVE THE ACCOUNTS OF THE DIRECTOR S AND APPROVE Non-Voting Non-Vote
Proposal THE BOARD OF DIRECTORS ANN UAL REPORT, THE FINANCIAL
STATEMENTS INCLUDING THE DISTRIBUTION OF THE
NET PRO FITS AND THE INDEPENDENT AUDITOR S REPORT
FOR THE FYE 31 DEC 2003
2. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS UNDER Management For No
SECURITIES AND THE EXCHANGE COMMISSION CVM ,
INSTRUCTIONS NUMBERS OF 165 OF 11 DEC 1991 AND 282 OF 26 JUN 1998, A
MINIMUM PERCENTAGE OF 5% SHARE IN THE CAPITAL VOTING STOCK IS NECESSA
RY FOR SHAREHOLDERS TO BE ABLE TO ADOPT OF THE MULTIPLE VOTING
PROCEDURE
3. ELECT THE MEMBERS OF THE FINANCE COMMITTEE Management For No
4. APPROVE THE DIRECTORS GLOBAL ANNUAL REMUNERATION Non-Voting Non-Vote
Proposal IN ACCORDANCE WITH THE TERMS OF THE COMPANY BY-LAW
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KLABIN S A AGM Meeting Date: 03/23/2004
Issuer: P60933101 ISIN: BRKLBNACNPR9
SEDOL: 2813347
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ONLY ON ITEMS III AND V. THAN K YOU
I. RECEIVE AND APPROVE THE BOARD OF DIRECTORS ACCOUNTS, Non-Voting
Non-Vote Proposal THE BOARD OF DIRECTORS REPORT, THE FINANCIAL
STATEMENTS, THE INDEPENDENT AUDITORS OPINION,
THE FINAN CE COMMITTEE RELATING TO THE FYE 31
DEC 2003 FINANCIAL REPORTS, AND THE BOARD OF
DIRECTORS REPRESENTATIONS
II. APPROVE THE DISTRIBUTION OF THE PROFITS FORM Non-Voting Non-Vote
Proposal THE FISCAL YEAR AND DISTRIBUTE TH E DIVIDENDS
III. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS Management For No
IV. APPROVE TO SET THE DIRECTORS REMUNERATION Non-Voting Non-Vote Proposal
V. ELECT THE MEMBERS OF THE FINANCE COMMITTEE AND Management For No
APPROVE TO SET THEIR SALARY
VI. DETERMINE THE PUBLICATIONS REQUIRES UNDER LAW Non-Voting Non-Vote
Proposal NUMBER 6.404/76
VII. OTHERS Non-Voting Non-Vote Proposal
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU
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TELE CENTRO OESTE CELULAR PARTICIPACOES SA AGM Meeting Date: 03/25/2004
Issuer: P9029W100 ISIN: BRTCOCACNPR5
SEDOL: 2292601
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTION NO.V ONLY
I. APPROVE THE DIRECTORS ACCOUNTS, THE FINANCIAL Non-Voting Non-Vote
Proposal STATEMENTS AND THE BOARD OF DIR ECTORS REPORT
RELATING TO THE FYE 31 DEC 2003
II. APPROVE THE DISTRIBUTION OF THE NET PROFITS FOR Non-Voting Non-Vote Proposal
THE PERIOD
III. APPROVE TO PROPOSAL TO CAPITALIZE THE EXCESS Non-Voting Non-Vote
Proposal IN PROFIT RESERVES IN RELATION TO THE CAPITAL
STOCK, AGAINST THE PROFIT RESERVES FOR EXPANSION
ACCOUNT
IV. APPROVE THE COMPANY S CAPITAL BUDGET FOR THE Non-Voting Non-Vote Proposal
2004 FISCAL YEAR
V. ELECT THE MEMBERS OF THE FINANCE COMMITTEE Management For No
VI. FIX THE REMUNERATION OF THE DIRECTOR S AND FINANCE Non-Voting Non-Vote
Proposal COMMITTEE THE ANNUAL GLOBAL MOUNT OF MONEY OF
THE DIRECTOR S AND INDIVIDUAL OF THE FINANCE COMMITTEE
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU
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SAO PAULO ALPARGATAS SA AGM Meeting Date: 03/26/2004
Issuer: P8511H118 ISIN: BRALPAACNPR7
SEDOL: 2051244
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON ITEM 3 ONLY. THANK YOU.
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
1. RECEIVE AND APPROVE THE BOARD OF DIRECTOR S ANNUAL Non-Voting Non-Vote
Proposal REPORT, THE FINANCIAL STATE MENTS AND THE INDEPENDENT
AUDITORS REPORT RELATING TO FISCAL YEAR 2003
2. APPROVE THE DISTRIBUTION OF THE REMAINING BALANCE Non-Voting Non-Vote
Proposal OF NET PROFITS FROM THE FISC AL YEAR 2003, THE
CAPITAL BUDGET FOR 2004, AND TO CONFIRM THE PAYMENTS
OF INTE REST ON OWN CAPITAL AND THE DIVIDENDS
APPROVED BY THE BOARD OF DIRECTORS AND REFERENDUM
OF ANNUAL GENERAL MEETING
3. ELECT THE FINANCE COMMITTEE MEMBERS Management For No
4. APPROVE TO SET THE GLOBAL ANNUAL BUDGET FOR DIRECT Non-Voting Non-Vote
Proposal OR REMUNERATION
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TELESP CELULAR PARTICIPACOES SA AGM Meeting Date: 03/26/2004
Issuer: P9036T108 ISIN: BRTSPPACNPR0
SEDOL: 2292690
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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I. APPROVE THE ACCOUNTS OF THE DIRECTOR S, THE BOARD Non-Voting Non-Vote
Proposal OF DIRECTORS ANNUAL REPORT, RELATING TO FYE
31 DEC 2003
II. ELECT THE MEMBERS OF THE FINANCE COMMITTEE Management For No
III. APPROVE TO ESTABLISH THE ANNUAL BUDGET OF THE Non-Voting Non-Vote
Proposal BOARD OF DIRECTORS AND EACH MEM BER S SALARY
* PLEASE NOTE THAT THE PREFERRED SHAREHOLDERS CAN Non-Voting Non-Vote Proposal
VOTE ON ITEM II ONLY. THANK YOU
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU
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PETROLEO BRASILEIRO SA PETROBRAS AGM Meeting Date: 03/29/2004
Issuer: P78331108 ISIN: BRPETRACNPR6
SEDOL: 2684532, 7394621
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON ITEM NO. IV ONLY. THANK YO U.
I. APPROVE THE BOARD OF DIRECTORS ANNUAL REPORT, Non-Voting Non-Vote
Proposal THE FINANCIAL STATEMENTS AND TH E FINANCE COMMITTEE
REPORT RELATING TO FY 2003
II. APPROVE THE CAPITAL BUDGET RELATIVE TO 2004 EXERCISE Non-Voting Non-Vote Proposal
III. APPROVE THE DESTINATION OF THE YEAR-END RESULTS Non-Voting Non-Vote Proposal
OF 2003
IV. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS, Management For No
FINANCE COMMITTEE AND RESPECTIVE SUBSTITUTES
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WEG SA ELMJ MIX Meeting Date: 04/05/2004
Issuer: P9832B111 ISIN: BRELMJACNPR7
SEDOL: 2945433
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ITEM 5. THANK YOU.
1. APPROVE THE ANNUAL REPORT, THE FINANCIAL STATEMENTS, Non-Voting
Non-Vote Proposal THE EXTERNAL AUDITORS AND OF THE FINANCE COMMITTEE
AND THE DOCUMENTS OPINION REPORT RELATING TO
FY 2003
2. APPROVE THE DISTRIBUTION OF THE FISCAL YEAR S Non-Voting Non-Vote Proposal
NET PROFITS
3. APPROVE THE DIVIDENDS AND INTEREST ON OWN CAPITAL, Non-Voting Non-Vote
Proposal AND CONFIRM THE DECISION OF THE BOARD OF DIRECTORS
MINUTES OF 17 JUL 2003, 11 DEC 2003 AND 12 FEB 2004
4. APPROVE TO SET THE DIRECTORS GLOBAL REMUNERATION Non-Voting Non-Vote
Proposal
5. ELECT THE FINANCE COMMITTEE Management For No
6. OTHER MATTERS Non-Voting Non-Vote Proposal
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SADIA SA AGM Meeting Date: 04/16/2004
Issuer: P8711W105 ISIN: BRSDIAACNPR1
SEDOL: 2706072
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN ONLY Non-Voting Non-Vote Proposal
VOTE ON ITEMS 3 AND 4. THANK YOU.
1. ACKNOWLEDGE THE DIRECTORS ACCOUNTS AND APPROVE, Non-Voting Non-Vote
Proposal EXAMINE AND DISCUSS THE BOARD OF DIRECTORS REPORT,
THE COMPANY S CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FYE 31 DEC 2003
2. APPROVE THE DESTINATION OF THE NET PROFIT OF Non-Voting Non-Vote
Proposal THE FY AND APPROVE THE DIVIDENDS DISTRIBUTED
3. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND Management For No
APPROVE TO DETERMINE THE ANNUA L REMUNERATION
FOR THE DIRECTORS
4. ELECT THE PRINCIPAL AND SUBSTITUTE MEMBERS OF THE Management For No
FINANCE COMMITTEE AND APPROV E TO DETERMINE
THEIR REMUNERATION
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BRASIL TELECOM PARTICIPACOES SA AGM Meeting Date: 04/19/2004
Issuer: P18430150 ISIN: BRBRTPACNPR2
SEDOL: 2292656
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Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
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* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU.
* PLEASE NOTE THE PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTION 3
I. APPROVE AND EXAMINE ALL COMPANY DOCUMENTS CONCERNING Non-Voting
Non-Vote Proposal FYE 31 DEC 2004
II. APPROVE THE USAGE OF THE YE EARNINGS OF DIVIDENDS Non-Voting Non-Vote Proposal
III. ELECT THE MEMBERS OF THE FINANCE COMMITTEE ALTERNATES Management For No
IV. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND Non-Voting Non-Vote Proposal
THEIR ALTERNATES
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BRASIL TELECOM PARTICIPACOES SA AGM Meeting Date: 04/19/2004
Issuer: P18430150 ISIN: BRBRTPACNPR2
SEDOL: 2292656
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON ITEM NO. 3 ONLY.
1. APPROVE AND EXAMINE ALL COMPANY DOCUMENTS CONCERNING Non-Voting
Non-Vote Proposal FYE 31 DEC 2004
2. APPROVE THE USAGE OF YE EARNINGS OF DIVIDENDS Non-Voting Non-Vote Proposal
3. ELECT THE MEMBERS OF THE FINANCE COMMITTEE ALTERNATES Management For No
4. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND Non-Voting Non-Vote Proposal
THEIR ALTERNATES
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BRASIL TELECOM SA EGM Meeting Date: 04/19/2004
Issuer: P18445158 ISIN: BRBRTOACNPR5
SEDOL: 2880385
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTION NO. 3 ONLY. THA NK YOU
1. APPROVE TO EXAMINE, DISCUSS AND VOTE UPON THE Non-Voting Non-Vote
Proposal FINANCIAL STATEMENTS RELATING TO FY 2003
2. APPROVE THE ALLOCATION OF 2003 PROFITS Non-Voting Non-Vote Proposal
3. ELECT THE FINANCE COMMITTEE AND THE RESPECTIVE Management For No
SUBSTITUTES
4. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND Non-Voting Non-Vote
Proposal THE RESPECTIVE SUBSTITUTES
-----------------------------------------------------------------------------------------------------------------------------------
EMBRAER EMPRESA BRASILEIRA DE AERONAUTICA OGM Meeting Date: 04/26/2004
Issuer: P3700H169 ISIN: BREMBRACNPR1
SEDOL: 2428569
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU.
1. RECEIVE THE FINANCIAL STATEMENTS AND THE COMPANY Non-Voting Non-Vote Proposal
REPORTS FOR FY 2003
2. APPROVE TO ALLOCATE THE PROFITS Non-Voting Non-Vote Proposal
3. ELECT THE MEMBERS OF THE FINANCE COMMITTEE Management For No
4. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR Management For No
A 3 YEAR TERM FROM 2004 UNTIL 2007
5. APPROVE TO FIX THE REMUNERATION FOR THE AUDITORS Non-Voting Non-Vote Proposal
COMMITTEE
-----------------------------------------------------------------------------------------------------------------------------------
BANCO ITAU HOLDING FINANCEIRA SA EGM Meeting Date: 04/28/2004
Issuer: P1391K111 ISIN: BRITAUACNPR3
SEDOL: 2459581, 2508568
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTION NO.3 ONLY
1. APPROVE TO INCREASE THE CURRENT SUBSCRIBED CORPORATE Non-Voting
Non-Vote Proposal STOCK FROM BRL 4,780,000, 000.00 TO BRL
8,101,000,000.00
WITHOUT ISSUING NEW SHARES BUT BY CAPITALIZING
RESERVES
2. APPROVE TO CANCEL 664,281,925 COMMON BOOK-ENTRY Non-Voting Non-Vote
Proposal SHARES OF ITS OWN ISSUE THAT E XIST IN TREASURY
WITHOUT REDUCING THE VALUE OF THE CAPITAL STOCK
3. APPROVE THE GROUP 115,585,340,539 BOOK-ENTRY SHARES Management For No
OF NO PAR VALUE THAT REPRE SENT THE SUBSCRIBED
CAPITAL STOCK AT THE RATE OF 1000 SHARES FOR 1 SHARE OF TH E
RESPECTIVE TYPE, RESULTING IN 115,585,340 BOOK-ENTRY SHARES OF WHICH
60,687, 553 ARE COMMON SHARES AND 54,897,787 ARE PREFERRED SHARES, AS
A RESULT THE INT EREST OF OWN CAPITAL PAID MONTHLY BE ADJUSTED BY THE
SAME AMOUNT AS THIS GROUP ING, THE VALUE GOING FROM BRL 0.13 PER LOT
OF 1,000 SHARES TO BRL 0.13 PER SHA RE
4. AMEND THE AUTHORIZED CAPITAL STOCK UP TO 200,000,000 Non-Voting
Non-Vote Proposal SHARES, BEING 100,000,000 COMMON SHARES AND AN
EQUAL NUMBER OF PREFERRED SHARES
5. APPROVE TO CREATE A SOLE AUDIT COMMITTEE FOR Non-Voting Non-Vote
Proposal THE ITAU FINANCIAL CONGLOMERATE, BY TRANSFORMING
THE CURRENT INTERNAL CONTROLS COMMITTEE BY INCREASING ITS AIMS AND
PURPOSES, MAKING IT COMPLIANT WITH THE PROVISIONS OF RESOLUTION 3081
OF T HE NATIONAL MONETARY COUNCIL AND THE SARBANES-OXLEY ACT OF THE
NORTH AMERICAN HOUSE OF CONGRESS
6. APPROVE TO RESTRUCTURE THE CONSULTATIVE COUNCIL Non-Voting Non-Vote
Proposal AND THE INTERNATIONAL CONSULTA TIVE COMMITTEE
7. AMEND THE WORDING OF ARTICLES 3 HEADING AND Non-Voting Non-Vote
Proposal 3.1 , 5 5.6 , 7, 10 AND 11 OF TH E COMPANY BY
LAWS AS A RESULT OF THE PREVIOUS ITEMS, AS WELL AS THE HEADING OF
ARTICLE 16 TO MAKE IT COMPLIANT WITH THE PROVISIONS OF ARTICLE 202 OF
LAW NUM BER 6,404/76 AND THE AMENDMENTS INTRODUCED BY LAW NUMBER
10.303/01
8. APPROVE TO IMPROVE THE PROVISIONS IN THE PLAN Non-Voting Non-Vote
Proposal TO GRANT STOCK OPTIONS
-----------------------------------------------------------------------------------------------------------------------------------
CIA VALE DO RIO DOCE AGM Meeting Date: 04/28/2004
Issuer: P2605D109 ISIN: BRVALEACNPA3
SEDOL: 2256630, 2257127, 5896851
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* PREFERRED SHAREHOLDERS CAN VOTE ON ITEM 4 Non-Voting Non-Vote Proposal
* PLEASE NOTE THAT THIS IS A MIX MEETING. THANK Non-Voting Non-Vote Proposal
YOU.
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
1. APPROVE TO EXAMINE AND VOTE UPON ALL COMPANY Non-Voting Non-Vote
Proposal DOCUMENTS REGARDING OPERATIONS DU RING FYE 31
DEC 2003
2. APPROVE TO ALLOCATE PROFITS Non-Voting Non-Vote Proposal
3. APPROVE TO DETERMINE THE DIRECTOR S SALARY Non-Voting Non-Vote
Proposal
4. ELECT THE MEMBERS OF THE FINANCE COMMITTEE AND Management For No
APPROVE TO DETERMINE THEIR SALA RY
-----------------------------------------------------------------------------------------------------------------------------------
ARACRUZ CELULOSE SA AGM Meeting Date: 04/29/2004
Issuer: P0441Z110 ISIN: BRARCZACNPB3
SEDOL: 2051103, 5842188
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
* PREFFERED SHAREHOLDERS CAN VOTE IN ITEM III. Non-Voting Non-Vote Proposal
THANK YOU.
I. ACKNOWLEDGE THE DIRECTORS ACCOUNTS AND APPROVE Non-Voting Non-Vote
Proposal THE FINANCIAL STATEMENTS FOR T HE FYE 31 DEC 2003
II. APPROVE THE DISTRIBUTION OF NET PROFITS FROM Non-Voting Non-Vote
Proposal THE FY AND THE DISTRIBUTION OF TH E DIVIDENDS
III. APPROVE TO DELIBERATE ABOUT THE CONTINUANCE OF Management For No
THE FINANCE COMMITTEE, AND TO E LECT ITS MEMBERS
AND RESPECTIVE SUBSTITUTES
IV. APPROVE TO DETERMINE THE SALARY OF THE MEMBERS Non-Voting Non-Vote
Proposal OF THE BOARD OF DIRECTORS AND T HE FINANCE COMMITTEE
V. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS Non-Voting Non-Vote Proposal
-----------------------------------------------------------------------------------------------------------------------------------
CIA SIDERURGICA NACIONAL MIX Meeting Date: 04/29/2004
Issuer: P8661X103 ISIN: BRCSNAACNOR6
SEDOL: 2210261
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU.
A.1 RECEIVE THE BOARD OF DIRECTORS REPORT, THE FINANCIAL Management For No
STATEMENTS AND THE AUDITO RS REPORT FOR THE
FY 2003
A.2 APPROVE THE ALLOCATION OF NET PROFITS OF BRL Management For No
1,058,837,256.75 AND DECLARE A DI VIDEND WORTH BRL 52,941,862.84 AND
THE PAYMENT OF INTEREST OVER CAPITAL WORTH 245,521,000 AT BRL 3.422885
PER 1000 SHARES AND BRL 471,779,000 AS DIVIDENDS A T BRL 6.5772 18 PER
1000 SHARES AND A BALANCE OF BRL 487,202,762.65 BE ALLOCAT ED TO THE
RESERVES ACCOUNT, TO BE USED FOR INVESTMENT PROJECTS
A.3 APPROVE THE BUDGET Management For No
A.4 ELECT THE MEMBERS OF THE BOARD OF DIRECTORS Management For No
A.5 APPROVE TO FIX THE DIRECTOR S SALARY AT BRL 28,000,000 Management Against Yes
E.1 APPROVE TO CONFIRM THE RE-EVALUATION OF THE FIXED Management For No
ASSETS APPROVED IN THE AGM A ND EGM HELD ON 29
APR 2003, IN ACCORDANCE WITH ITEM 5.7 OF THE MINUTES OF THES E
MEETINGS, BY RECTIFYING THE TRANSCRIPTION MISTAKES IN THESE VALUES:
BRL 10,4 93,777,369.90 TO BRL 10,769,704,117.19 ATTRIBUTED AS THE
TOTAL VALUE OF THE FI XED ASSETS AFTER RE-EVALUATION, AND BRL
6,425,218,216.69 TO BRL 6,701,144,964. 69 ATTRIBUTED TO AS THE
RESIDUAL VALUE OF THE FIXED ASSETS BEFORE THE RE-EVALU ATION TO KEEP
THE VALUE OF THE INCREASE IN THE BALANCE SHEET UNALTERED AT BRL
4,068,559,153.21 AND NOT CAUSE ANY CHANGE AND/OR IMPACT ON THE COMPANY
S CURRE NT BALANCE SHEET AS THE BALANCE SHEET HAS REGISTERED THE
CORRECT VALUES SINCE THE DATE OF THE MENTIONED MEETINGS
E.2 APPROVE TO CHANGE THE PRESS THROUGH WHICH THE Management For No
COMPANY PUBLISHES ITS LEGAL NOTI CES UNDER THE
TERMS OF ARTICLE 135 OF LAW NUMBER 6.404/76 AND SUBJECT TO THE A
TTENDANCE OF 2/3 OF, TO APPROVE THE ALTERATION OF ARTICLE 2 OF THE
COMPANY BYL AWS TO DETAIL THE RELATED AND SIMILAR ACTIVITIES TO
METALLURGIC ACTIVITIES THE RE PROVIDED, BY INCLUDING THE ACTIVITIES OF
MANUFACTURE, TRANSFORMATION AND CO MMERCIALIZATION OF METALLURGY
DERIVED SUB PRODUCTS; AND APPROVE THE STOCK SPLI T OF SHARES
REPRESENTING THE COMPANY S CAPITAL STOCK, THE OPERATION BY WHICH E ACH
CAPITAL STOCK SHARE WILL BE REPRESENTED BY 4 SHARES, FOLLOWED BY THE
GROUP ING OF THESE SHARES AT THE RATE OF 1,000 SHARES FOR 1 SHARE,
WHICH WILL RESULT IN ONE SINGLE GROUPING EVENT OF 250 SHARES FOR 1, AS
WELL AS THE CHANGE IN RE LATION OF SHARES PER ADR OF 1 SHARE PER 1 ADR
AS A RESULT OF THE STOCK SPLIT A ND GROUPING OF SHARES AND THE HEADING
OF ARTICLE 5 AND ARTICLE 7 OF THE COMPAN Y BYLAWS BE AMENDED AND THE
PAID UP CAPITAL STOCK IS BRL 1,680,947,363.71, DIV IDED INTO
286,917,045 COMMON BOOK ENTRY SHARES OF NO PAR VALUE AND THE COMPANY S
CAPITAL STOCK BE INCREASED UP TO 400,000,000 SHARES BY THE ISSUE OF
113,082 ,955 NEW BOOK ENTRY SHARES OF NO PAR VALUE
-----------------------------------------------------------------------------------------------------------------------------------
COMPANHIA PARANAENSE DE ENERGIA - COPEL AGM Meeting Date: 04/29/2004
Issuer: P30557139 ISIN: BRCPLEACNPB9
SEDOL: 2200154, 7389360
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTION 4 ONLY
1. APPROVE THE BOARD OF DIRECTORS REPORT, THE COMPANY Non-Voting Non-Vote
Proposal S CONSOLIDATED FINANCIAL S TATEMENTS, THE EXTERNAL
AUDITORS AND OF THE FINANCE COMMITTEE OPINION
REPORT F OR THE FYE 31 DEC 2003
2. APPROVE TO DISTRIBUTE THE FY S NET PROFIT AND Non-Voting Non-Vote
Proposal TO DISTRIBUTE THE DIVIDENDS
3. APPROVE TO ANALYZE AND VOTE THE EXECUTIVE COMMITTEE Non-Voting
Non-Vote Proposal S PROPOSAL, KEEPING THE SA ME NUMBER OF SHARES
WITH THE INCORPORATION OF THE INCOME RETENTION
RESERVES AN D SUBSEQUENT ADJUSTMENTS IN ARTICLE
4 OF THE BY-LAWS
4. ELECT THE MEMBERS OF THE FINANCE COMMITTEE Management For No
5. ELECT THE MEMBERS OF THE BOARD OF DIRECTOR S Non-Voting Non-Vote Proposal
6. APPROVE TO SET THE DIRECTOR S GLOBAL REMUNERATION Non-Voting Non-Vote Proposal
7. APPROVE TO CONFIRM THE NEWSPAPERS ON WHICH THE Non-Voting Non-Vote
Proposal COMPANY WILL HAVE ITS PUBLICATI ONS DONE UNDER
FEDERAL LAW NUMBER 6.404/76
-----------------------------------------------------------------------------------------------------------------------------------
GERDAU SA COSG AGM Meeting Date: 04/29/2004
Issuer: P2867P113 ISIN: BRGGBRACNPR8
SEDOL: 2160407, 2645517, 7514377, 7588811
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTIONS 3 AND 4 ONLY. THANK YOU.
1. ACKNOWLEDGE THE DIRECTORS ACCOUNTS, TO EXAMINE, Non-Voting Non-Vote
Proposal DISCUSS AND VOTE THE FINANCIA L STATEMENTS FOR
THE FYE 31 DEC 2003
2. APPROVE THE DISTRIBUTION OF THE FISCAL YEAR S Non-Voting Non-Vote
Proposal NET PROFITS AND DISTRIBUTION DIV IDENDS
3. ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND Management For No
APPROVE TO SET THE DIRECTORS R EMUNERATION
4. ELECT THE MEMBERS OF THE FINANCE COMMITTEE AND Management For No
APPROVE TO SET THE REMUNERATION
-----------------------------------------------------------------------------------------------------------------------------------
CENTRAIS ELETRICAS BRASILEIRAS SA-ELETROBRAS EGM Meeting Date: 04/30/2004
Issuer: P22854106 ISIN: BRELETACNPB7
SEDOL: 2308445, 4453989
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
IN ITEM 3. THANK YOU.
1. ACKNOWLEDGE THE DIRECTORS ACCOUNTS AND APPROVE Non-Voting Non-Vote
Proposal THE BOARD OF DIRECTORS REPORT , THE COMPANY
S CONSOLIDATED FINANCIAL STATEMENTS FOR THE FYE
31 DEC 2003
2. APPROVE THE DESTINATION OF THE YEAR-END RESULTS Non-Voting Non-Vote
Proposal OF 2003 AND TO DISTRIBUTE DIVI DENDS
3. ELECT THE MEMBERS OF THE FINANCE COMMITTEE AND Management For No
THE RESPECTIVE SUBSTITUTES
4. APPROVE TO SET THE GLOBAL REMUNERATION OF THE Non-Voting Non-Vote
Proposal BOARD OF DIRECTORS AND THE EXECU TIVE DIRECTORS
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU
-----------------------------------------------------------------------------------------------------------------------------------
CIA ENERGETICA DE MINAS GERAIS CEMIG CMIG AGM Meeting Date: 04/30/2004
Issuer: P2577R110 ISIN: BRCMIGACNPR3
SEDOL: 2192712, 7400153
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU.
* PLEASE NOTE THAT PREFERRED SHAREHOLDERS CAN VOTE Non-Voting Non-Vote Proposal
ON RESOLUTION 3. THANK YOU.
1. APPROVE THE BOARD OF DIRECTORS REPORT AND THE Non-Voting Non-Vote
Proposal FINANCIAL STATEMENTS FOR THE FY E 31 DEC 2003,
AS WELL AS THE RESPECTIVE COMPLEMENTARY DOCUMENTS
2. APPROVE TO DISTRIBUTE THE NET PROFITS FROM THE Non-Voting Non-Vote
Proposal FY 2003 IN ACCORDANCE WITH THE PROVISIONS OF
ARTICLE 192 OF LAW NUMBER 6.404/76 AS AMENDED
3. ELECT THE MEMBERS AND THE SUBSTITUTE MEMBERS OF THE Management For No
FINANCE COMMITTEE AND APPR OVE TO SET
THEIR REMUNERATION
4. APPROVE TO SET THE REMUNERATION OF THE COMPANY Non-Voting Non-Vote
Proposal S DIRECTORS
-----------------------------------------------------------------------------------------------------------------------------------
CIA SANEAMENTO BASICO DO ESTADO DE SAO PAULO SABESP AGM Meeting Date: 04/30/2004
Issuer: P8228H104 ISIN: BRSBSPACNOR5
SEDOL: 2158543
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
I. APPROVE THE ADMINISTRATORS ACCOUNTS AND THE FINANCIAL Management For No
STATEMENTS DOCUMENTED WI TH OPINIONS FROM THE
STATUTORY AUDIT COMMITTEE AND THE EXTERNAL AUDITORS
REFER RED TO THE YEAR 2003, ACCORDING TO THE
MANAGEMENT REPORT, THE BALANCE SHEET AN D THE
CORRESPONDING EXPLANATORY REMARKS
II. APPROVE TO DELIBERATE ON PROFITS ALLOCATION AND Management For No
TRANSFER OF THE PROFITS BALANC E ACCUMULATED
FOR INVESTMENT RESERVE
III. ELECT THE MEMBERS OF BOARD OF DIRECTORS AND THE Management For No
FINANCE COMMITTEE
IV. APPROVE TO SET THE DIRECTORS, THE BOARD OF DIRECTORS Management For No
AND THE FINANCE COMMITTEE S GLOBAL REMUNERATION
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU
-----------------------------------------------------------------------------------------------------------------------------------
CIA ENERGETICA DE MINAS GERAIS CEMIG CMIG EGM Meeting Date: 05/07/2004
Issuer: P2577R110 ISIN: BRCMIGACNPR3
SEDOL: 2192712, 7400153
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* PLEASE NOTE THAT PREFERED SHAREHOLDERS CAN VOTE Non-Voting
ON THIS ITEM
1. APPROVE TO REMOVE THE MEMBERS OF THE BOARD OF DIRECTORS AND Management
ELECT THE FULL AND SUBSTITUTE MEMBERS
OF THE BOARD OF DIRECTORS BY MULTIPLE VOTING
-----------------------------------------------------------------------------------------------------------------------------------
ULTRAPAR PARTICIPACOES SA OGM Meeting Date: 05/18/2004
Issuer: P94396101 ISIN: BRUGPAACNPR5
SEDOL: 2502593
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF AT TORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTION
S IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECTED . SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESENTA TIVE AT ADP. THANK YOU
1. AMEND THE ARTICLE 12 OF THE COMPANY BY-LAWS TO Management Against Yes
EQUALIZE THE DIVIDENDS RECEIVED BY COMMON AND
PREFERRED SHAREHOLDERS, WITH THE EXCLUSION OF
THE PREFERRED SHA REHOLDERS RIGHT TO RECEIVE
DIVIDENDS AT LEAST 10% GREATER THAN THOSE TO
WHICH COMMON HOLDERS ARE ENTITLED TO RECEIVE
* PLEASE NOTE THAT THIS IS A SPECIAL PREFERRED Non-Voting Non-Vote Proposal
SHAREHOLDERS MEETING. THANK YOU
-----------------------------------------------------------------------------------------------------------------------------------
TELE NORTE LESTE PARTICIPACOES SA EGM Meeting Date: 05/24/2004
Issuer: P9036X117 ISIN: BRTNLPACNOR3
SEDOL: 2292719
-----------------------------------------------------------------------------------------------------------------------------------
Vote Group: UNASSIGNED
Proposal Proposal Vote
Number Proposal Type Cast
-----------------------------------------------------------------------------------------------------------------------------------
* IMPORTANT MARKET PROCESSING REQUIREMENT: A BENEFICIAL Non-Voting Non-Vote Proposal
OWNER SIGNED POWER OF A TTORNEY (POA) IS REQUIRED
IN ORDER TO LODGE AND EXECUTE YOUR VOTING INSTRUCTIO
NS IN THIS MARKET. ABSENCE OF A POA, MAY CAUSE
YOUR INSTRUCTIONS TO BE REJECT ED. SHOULD YOU
HAVE ANY QUESTIONS, PLEASE CONTACT YOUR CLIENT
SERVICE REPRESE NTATIVE AT ADP. THANK YOU.
1. APPROVE TO CANCEL 2,312,168,000 COMPANY COMMON Management For No
ISSUED SHARES, CORRESPONDING TO THE PART CURRENTLY
HELD IN TREASURY (4,156,100,000 COMMON SHARES)
AND ALL 4,6 24,336,826 PREFERRED COMPANY SHARES
CURRENTLY HELD IN TREASURY WITHOUT REDUCIN G
THE COMPANY S CORPORATE STOCK
2. APPROVE TO GROUP ALL THE SHARES THAT REPRESENT THE Management For No
COMPANY S CORPORATE STOCK AFTER CANCELING
THE SHARES IN TREASURY AT THE RATE OF 1000 SHARES
OF 1 SHARE OF THE SAME TYPE AND CLASS
3. AUTHORIZE THE EXECUTIVE COMMITTEE TO CARRY OUT ALL Management For No
ACTS NECESSARY TO PUT THE A BOVE RESOLUTIONS
IN TO EFFECT
4. AMEND ARTICLES 5 AND 6 OF THE COMPANY BY-LAWS Management For No
AS A RESULT OF THE CANCELLATION AND GROUPING
OF SHARES, TO CONCILIATE THE NUMBER OF COMMON,
AND PREFERRED SHAR ES IN TO WHICH THE COMPANY S CORPORATE STOCK IS
DIVIDED, AS WELL AS THE NUMBER OF SHARES OF THE COMPANY IS AUTHORIZED
TO INCREASE THE CORPORATE STOCK AUTHO RIZED CORPORATE STOCK AND TO
AMEND ARTICLES 13, 25, 27, 29, PARAGRAPHS 1, 2 A ND 30 OF THE COMPANY
BY-LAWS TO CREATE THE POSITIONS OF COMPANY CHIEF EXECUTIV E OFFICER
AND COMPANY GENERAL SUPERINTENDENT EXECUTIVE OFFICER TO SUBSTITUTE T
HE SUPERINTENDENT EXECUTIVE OFFICER, AND PROPERLY TO DEFINE THE CASES
OF TEMPO RARY ABSENCE AND INCAPACITY OF MEMBERS OF THE EXECUTIVE
COMMITTEE
SIGNATURES
[See General Instruction F]
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) Brazil Fund, Inc.
By (Signature and Title)* /s/Julian Sluyters
-----------------------------------------------
Julian Sluyters, Chief Executive Officer
Date 8/18/04
-------
* Print the name and title of each signing officer under his or her signature.