N-PX

 

FORM N-PX

 

ANNUAL REPORT OF PROXY VOTING RECORD OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-03170

 

THE MEXICO FUND, INC.

(Exact name of registrant as specified in charter)

 

1775 I Street, N.W., Washington, DC 20006-2401

(Address of principal executive offices) (Zip Code)

 

José Luis Gómez Pimienta, President, THE MEXICO FUND, INC.

(Name and address of agent for service)

 

José Luis Gómez Pimienta

President

The Mexico Fund, Inc.

1775 I Street, NW

Washington, DC 20006-2401

(Name and Address of Agent for Service)

 

Copies of Communications to:

 

Sander M. Bieber, Esq.

Dechert LLP

1775 I Street, NW

Washington, DC 20006-2401

 

Registrant’s telephone number, including area code: (202) 261-7941

 

Date of fiscal year-end: October 31, 2004

 

Date of reporting period: July 1, 2003 through June 30, 2004

 

Item 1. Proxy Voting Record

 

Below is the Fund’s proxy voting record for the period July 1, 2003 through July 1, 2004. The Fund was not entitled to vote with respect to its investments in the following companies. Alfa, S.A. de C.V.; Grupo Carso, S.A. de C.V.; Empresas Ica Sociedad Controladora S.A. de C.V.; Kimberly-Clark de México, S.A. de C.V.; Carso Global Telecom, S.A. de C.V.; and Vitro S.A. de C.V.

 

Company

    Symbol
   

Cusip

No.

   

MTG

Date

   

Type of

MTG

   

Matter Voted On

    Proponent
    Voted
   

Type
of

Vote

   

For

Mgmt

   (NYSE)
    (BMV)
                        
Alsea, S.A de C.V.    N/A    ALSEA    N/A    04/29/04    Annual    Presentation of 2003 results    Mgmt.    Yes    For    Yes
Alsea, S.A de C.V.    N/A    ALSEA    N/A    04/29/04    Annual    Amount of the share buyback Fund    Mgmt.    Yes    For    Yes
Alsea, S.A de C.V.    N/A    ALSEA    N/A    04/29/04    Annual    Payment of a cash dividend    Mgmt.    Yes    For    Yes
Alsea, S.A de C.V.    N/A    ALSEA    N/A    04/29/04    Annual    Election of Directors    Mgmt.    Yes    For    Yes
Alsea, S.A de C.V.    N/A    ALSEA    N/A    04/29/04    Annual    Appointment of Statutory Auditors and Secretaries for FY 2004    Mgmt.    Yes    For    Yes
America Telecom, S.A. de C.V.    N/A    AMTEL    23647100    12/08/03    Extraordinary    Amendments in the articles of incorporation    Mgmt.    Yes    For    Yes
America Telecom, S.A. de C.V.    N/A    AMTEL    23647100    04/27/04    Annual    Presentation of 2003 results    Mgmt.    Yes    For    Yes
America Telecom, S.A. de C.V.    N/A    AMTEL    23647100    04/27/04    Annual    Amount of the share buyback Fund    Mgmt.    Yes    For    Yes
America Telecom, S.A. de C.V.    N/A    AMTEL    23647100    04/27/04    Annual    Election of Directors    Mgmt.    Yes    For    Yes
America Telecom, S.A. de C.V.    N/A    AMTEL    23647100    04/27/04    Annual    Appointment of Statutory Auditors and Secretaries for FY 2004    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    12/08/03    Extraordinary    Amendments in the articles of incorporation    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    04/27/04    Special    Election of Directors    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    04/27/04    Annual    Presentation of 2003 results    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    04/27/04    Annual    Amount of the share buyback Fund    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    04/27/04    Annual    Payment of a cash dividend    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    04/27/04    Annual    Election of Directors    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W204    04/27/04    Annual    Appointment of Statutory Auditors and Secretaries for FY 2004    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    12/08/03    Extraordinary    Amendments in the articles of incorporation    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    04/27/04    Special    Election of Directors    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    04/27/04    Annual    Presentation of 2003 results    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    04/27/04    Annual    Amount of the share buyback Fund    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    04/27/04    Annual    Payment of a cash dividend    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    04/27/04    Annual    Election of Directors    Mgmt.    Yes    For    Yes
América Móvil, S.A. de C.V.    AMX    AMX    2364W105    04/27/04    Annual    Appointment of Statutory Auditors and Secretaries for FY 2004    Mgmt.    Yes    For    Yes
Apasco, S.A. de C.V.    N/A    APASCO    37488103    10/07/03    Extraordinary    Amendments in the articles of incorporation    Mgmt.    Yes    For    Yes
Consorcio Ara, S.A. de C.V.    N/A    ARA    21030R100    10/20/03    Extraordinary    Amendments in the articles of incorporation    Mgmt.    Yes    For    Yes
Consorcio Ara, S.A. de C.V.    N/A    ARA    21030R100    10/20/03    Ordinary    Election of Directors    Mgmt.    Yes    For    Yes
Consorcio Ara, S.A. de C.V.    N/A    ARA    21030R100    04/22/04    Annual    Presentation of 2003 results    Mgmt.    Yes    For    Yes
Consorcio Ara, S.A. de C.V.    N/A    ARA    21030R100    04/22/04    Annual    Amount of the share buyback Fund    Mgmt.    Yes    For    Yes
Consorcio Ara, S.A. de C.V.    N/A    ARA    21030R100    04/22/04    Annual    Election of Directors    Mgmt.    Yes    For    Yes
Consorcio Ara, S.A. de C.V.    N/A    ARA    21030R100    04/22/04    Annual    Appointment of Statutory Auditors and Secretaries for FY 2004    Mgmt.    Yes    For    Yes
Embotelladoras Arca, S.A. de C.V.    N/A    ARCA    N/A    12/04/03    Ordinary    Payment of a cash dividend    Mgmt.    Yes    For    Yes
Embotelladoras Arca, S.A. de C.V.    N/A    ARCA    N/A    04/27/04    Annual    Presentation of 2003 results    Mgmt.    Yes    For    Yes
Embotelladoras Arca, S.A. de C.V.    N/A    ARCA    N/A    04/27/04    Annual    Amount of the share buyback Fund    Mgmt.    Yes    For    Yes
Embotelladoras Arca, S.A. de C.V.    N/A    ARCA    N/A    04/27/04    Annual    Payment of a cash dividend    Mgmt.    Yes    For    Yes
Embotelladoras Arca, S.A. de C.V.    N/A    ARCA    N/A    04/27/04    Annual    Election of Directors    Mgmt.    Yes    For    Yes

Embotelladoras Arca, S.A. de C.V.

    N/A    ARCA    N/A    04/27/04    Annual    Appointment of Statutory Auditors and Secretaries for FY 2004    Mgmt.    Yes    For    Yes

Company

   Symbol
  

Cusip

No.

  

MTG

Date

  

Type of

MTG

   Matter Voted On
   Proponent
   Voted
  

Type
of

Vote

  

For

Mgmt

  (NYSE)
   (BMV)
                
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   12/30/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   12/30/03   Ordinary   Amendments in
capital ownership		   Mgmt.   Yes   For   Yes
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   04/29/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   04/29/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   04/29/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   04/29/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Aeroportuario del Sureste, S.A. de C.V.   ASR   ASUR   40051E202   04/29/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo Bimbo, S.A. de C.V.   N/A   BIMBO   N/A   09/25/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Bimbo, S.A. de C.V.   N/A   BIMBO   N/A   04/29/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Bimbo, S.A. de C.V.   N/A   BIMBO   N/A   04/29/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Bimbo, S.A. de C.V.   N/A   BIMBO   N/A   04/29/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Bimbo, S.A. de C.V.   N/A   BIMBO   N/A   04/29/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Bimbo, S.A. de C.V.   N/A   BIMBO   N/A   04/29/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Cemex, S.A. de C.V.   CX   CEMEX   151290889   04/29/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Cemex, S.A. de C.V.   CX   CEMEX   151290889   04/29/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Cemex, S.A. de C.V.   CX   CEMEX   151290889   04/29/04   Annual   Payment of a cash
(or share) dividend		   Mgmt.   Yes   For   Yes
Cemex, S.A. de C.V.   CX   CEMEX   151290889   04/29/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Cemex, S.A. de C.V.   CX   CEMEX   151290889   04/29/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Corporación Interamericana de Entretenimiento, S.A. de C.V.   N/A   CIE   21988J100   04/28/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Corporación Interamericana de Entretenimiento, S.A. de C.V.   N/A   CIE   21988J100   04/28/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Corporación Interamericana de Entretenimiento, S.A. de C.V.   N/A   CIE   21988J100   04/28/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Controladora Comercial Mexicana, S.A. de C.V.   MCM   COMERCI   21238A206   03/31/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Controladora Comercial Mexicana, S.A. de C.V.   MCM   COMERCI   21238A206   03/31/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Controladora Comercial Mexicana, S.A. de C.V.   MCM   COMERCI   21238A206   03/31/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Controladora Comercial Mexicana, S.A. de C.V.   MCM   COMERCI   21238A206   03/31/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Controladora Comercial Mexicana, S.A. de C.V.   MCM   COMERCI   21238A206   03/31/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo Continental, S.A. de C.V.   N/A   CONTAL   40050H107   12/11/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Continental, S.A. de C.V.   N/A   CONTAL   40050H107   04/22/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Continental, S.A. de C.V.   N/A   CONTAL   40050H107   04/22/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Continental, S.A. de C.V.   N/A   CONTAL   40050H107   04/22/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Continental, S.A. de C.V.   N/A   CONTAL   40050H107   04/22/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Continental, S.A. de C.V.   N/A   CONTAL   40050H107   04/22/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   03/08/04   Ordinary   Amendments in
share structure		   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   03/08/04   Special   Amendments in
share structure		   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   03/08/04   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   03/08/04   Extraordinary   Equity Offering   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   04/26/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   04/26/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Desc, S.A. de C.V.   DES   DESC   250309101   04/26/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes

Company

   Symbol
  

Cusip

No.

  

MTG

Date

  

Type of

MTG

   Matter Voted On
   Proponent
   Voted
  

Type
of

Vote

  

For

Mgmt

  (NYSE)
   (BMV)
                
Fomento Económico Mexicano, S.A. de C.V.   FMX   FEMSA   344419106   12/10/03   Extraordinary   Amendments in
the articles
of incorporation		   Mgmt.   Yes   For   Yes
Fomento Económico Mexicano, S.A. de C.V.   FMX   FEMSA   344419106   03/11/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Fomento Económico Mexicano, S.A. de C.V.   FMX   FEMSA   344419106   03/11/04   Annual   Amount of the
share buyback
Fund		   Mgmt.   Yes   For   Yes
Fomento Económico Mexicano, S.A. de C.V.   FMX   FEMSA   344419106   03/11/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Fomento Económico Mexicano, S.A. de C.V.   FMX   FEMSA   344419106   03/11/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Fomento Económico Mexicano, S.A. de C.V.   FMX   FEMSA   344419106   03/11/04   Annual   Appointment of
Statutory Auditors
and Secretaries
for FY 2004		   Mgmt.   Yes   For   Yes
Corporativo Fragua, S.A. de C.V.   N/A   FRAGUA   N/A   03/23/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Corporativo Fragua, S.A. de C.V.   N/A   FRAGUA   N/A   03/23/04   Annual   Amount of the
share buyback
Fund		   Mgmt.   Yes   For   Yes
Corporativo Fragua, S.A. de C.V.   N/A   FRAGUA   N/A   03/23/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Corporativo Fragua, S.A. de C.V.   N/A   FRAGUA   N/A   03/23/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Corporativo Fragua, S.A. de C.V.   N/A   FRAGUA   N/A   03/23/04   Annual   Appointment of
Statutory Auditors
and Secretaries
for FY 2004		   Mgmt.   Yes   For   Yes
Grupo Cementos de Chihuahua, S.A. de C.V.   N/A   GCC   N/A   04/27/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Cementos de Chihuahua, S.A. de C.V.   N/A   GCC   N/A   04/27/04   Annual   Amount of the
share buyback
Fund		   Mgmt.   Yes   For   Yes
Grupo Cementos de Chihuahua, S.A. de C.V.   N/A   GCC   N/A   04/27/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Cementos de Chihuahua, S.A. de C.V.   N/A   GCC   N/A   04/27/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Cementos de Chihuahua, S.A. de C.V.   N/A   GCC   N/A   04/27/04   Annual   Appointment of
Statutory Auditors
and Secretaries
for FY 2004		   Mgmt.   Yes   For   Yes
Corporación Geo, S.A. de C.V.   N/A   GEO   21986V105   04/21/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Corporación Geo, S.A. de C.V.   N/A   GEO   21986V105   04/21/04   Annual   Amount of the
share buyback
Fund		   Mgmt.   Yes   For   Yes
Corporación Geo, S.A. de C.V.   N/A   GEO   21986V105   04/21/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Corporación Geo, S.A. de C.V.   N/A   GEO   21986V105   04/21/04   Annual   Appointment of
Statutory Auditors
and Secretaries
for FY 2004		   Mgmt.   Yes   For   Yes
Corporación Geo, S.A. de C.V.   N/A   GEO   21986V105   04/21/04   Extraordinary   Amendments in
the articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Financiero BBVA Bancomer, S.A.   N/A   GFBB   40051M204   01/07/04   Extraordinary   Amendments in
the articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Financiero Inbursa, S.A. de C.V.   N/A   GFINBUR   40048D101   04/14/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Financiero Inbursa, S.A. de C.V.   N/A   GFINBUR   40048D101   04/14/04   Annual   Amount of the
share buyback
Fund		   Mgmt.   Yes   For   Yes
Grupo Financiero Inbursa, S.A. de C.V.   N/A   GFINBUR   40048D101   04/14/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Financiero Inbursa, S.A. de C.V.   N/A   GFINBUR   40048D101   04/14/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Financiero Inbursa, S.A. de C.V.   N/A   GFINBUR   40048D101   04/14/04   Annual   Appointment of
Statutory Auditors
and Secretaries
for FY 2004		   Mgmt.   Yes   For   Yes
Grupo Financiero Inbursa, S.A. de C.V.   N/A   GFINBUR   40048D101   04/14/04   Extraordinary   Amendments in
the articles of
incorporation		   Mgmt.   Yes   For   Yes

Company

   Symbol
  

Cusip

No.

  

MTG

Date

  

Type of

MTG

   Matter Voted On
   Proponent
   Voted
  

Type
of

Vote

  

For

Mgmt

  (NYSE)
   (BMV)
                
Grupo Financiero Banorte, S.A. de C.V.   N/A   GFNORTE   N/A   10/16/03   Ordinary   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Financiero Banorte, S.A. de C.V.   N/A   GFNORTE   N/A   04/29/04   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Financiero Banorte, S.A. de C.V.   N/A   GFNORTE   N/A   04/29/04   Annual   Presentation of 2003
results		   Mgmt.   Yes   For   Yes
Grupo Financiero Banorte, S.A. de C.V.   N/A   GFNORTE   N/A   04/29/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Financiero Banorte, S.A. de C.V.   N/A   GFNORTE   N/A   04/29/04   Annual   Election of Directors   Mgmt.   Yes   For   Yes
Grupo Financiero Banorte, S.A. de C.V.   N/A   GFNORTE   N/A   04/29/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo México, S.A. de C.V.   N/A   GMEXICO   N/A   09/30/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo México, S.A. de C.V.   N/A   GMEXICO   N/A   09/30/03   Extraordinary   Equity Offering   Mgmt.   Yes   For   Yes
Grupo México, S.A. de C.V.   N/A   GMEXICO   N/A   04/30/04   Annual   Presentation of 2003
results		   Mgmt.   Yes   For   Yes
Grupo México, S.A. de C.V.   N/A   GMEXICO   N/A   04/30/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo México, S.A. de C.V.   N/A   GMEXICO   N/A   04/30/04   Annual   Election of Directors   Mgmt.   Yes   For   Yes
Grupo México, S.A. de C.V.   N/A   GMEXICO   N/A   04/30/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo Modelo, S.A. de C.V.   N/A   GMODELO   40051F100   04/19/04   Annual   Presentation of 2003
results		   Mgmt.   Yes   For   Yes
Grupo Modelo, S.A. de C.V.   N/A   GMODELO   40051F100   04/19/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Modelo, S.A. de C.V.   N/A   GMODELO   40051F100   04/19/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Modelo, S.A. de C.V.   N/A   GMODELO   40051F100   04/19/04   Annual   Election of Directors   Mgmt.   Yes   For   Yes
Grupo Modelo, S.A. de C.V.   N/A   GMODELO   40051F100   04/19/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Gruma, S.A. de C.V.   GMK   GRUMA   400131306   12/04/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Gruma, S.A. de C.V.   GMK   GRUMA   400131306   04/30/04   Annual   Presentation of 2003
results		   Mgmt.   Yes   For   Yes
Gruma, S.A. de C.V.   GMK   GRUMA   400131306   04/30/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Gruma, S.A. de C.V.   GMK   GRUMA   400131306   04/30/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Gruma, S.A. de C.V.   GMK   GRUMA   400131306   04/30/04   Annual   Election of Directors   Mgmt.   Yes   For   Yes
Gruma, S.A. de C.V.   GMK   GRUMA   400131306   04/30/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo Sanborns, S.A. de C.V.   N/A   GSANBOR   N/A   04/21/04   Annual   Presentation of 2003
results		   Mgmt.   Yes   For   Yes
Grupo Sanborns, S.A. de C.V.   N/A   GSANBOR   N/A   04/21/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Sanborns, S.A. de C.V.   N/A   GSANBOR   N/A   04/21/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Sanborns, S.A. de C.V.   N/A   GSANBOR   N/A   04/21/04   Annual   Election of Directors   Mgmt.   Yes   For   Yes
Grupo Sanborns, S.A. de C.V.   N/A   GSANBOR   N/A   04/21/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Hylsamex, S.A. de C.V.   N/A   HYLSAMX   448919209   03/22/04   Annual   Presentation of 2003
results		   Mgmt.   Yes   For   Yes
Hylsamex, S.A. de C.V.   N/A   HYLSAMX   448919209   03/22/04   Annual   Amount of the share
buyback Fund		   Mgmt.   Yes   For   Yes
Hylsamex, S.A. de C.V.   N/A   HYLSAMX   448919209   03/22/04   Annual   Election of Directors   Mgmt.   Yes   For   Yes
Hylsamex, S.A. de C.V.   N/A   HYLSAMX   448919209   03/22/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Hylsamex, S.A. de C.V.   N/A   HYLSAMX   448919209   06/25/04   Extraordinary   Equity Offering   Mgmt.   Yes   For   Yes

Company

   Symbol
  

Cusip

No.

  

MTG

Date

  

Type of

MTG

   Matter Voted On
   Proponent
   Voted
  

Type
of

Vote

  

For

Mgmt

  (NYSE)
   (BMV)
                
Grupo Imsa, S.A. de C.V.   IMY   IMSA   40048T106   04/22/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Imsa, S.A. de C.V.   IMY   IMSA   40048T106   04/22/04   Annual   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Imsa, S.A. de C.V.   IMY   IMSA   40048T106   04/22/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Imsa, S.A. de C.V.   IMY   IMSA   40048T106   04/22/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Imsa, S.A. de C.V.   IMY   IMSA   40048T106   04/22/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo Imsa, S.A. de C.V.   IMY   IMSA   40048T106   04/22/04   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Coca-Cola Femsa, S.A. de C.V.   KOF   KOF   191241108   12/09/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Coca-Cola Femsa, S.A. de C.V.   KOF   KOF   191241108   03/09/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Coca-Cola Femsa, S.A. de C.V.   KOF   KOF   191241108   03/09/04   Annual   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Coca-Cola Femsa, S.A. de C.V.   KOF   KOF   191241108   03/9/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Coca-Cola Femsa, S.A. de C.V.   KOF   KOF   191241108   03/09/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Coca-Cola Femsa, S.A. de C.V.   KOF   KOF   191241108   03/09/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Sare Holding, S.A. de C.V.   N/A   SARE   803606102   04/28/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Sare Holding, S.A. de C.V.   N/A   SARE   803606102   04/28/04   Annual   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Sare Holding, S.A. de C.V.   N/A   SARE   803606102   04/28/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Sare Holding, S.A. de C.V.   N/A   SARE   803606102   04/28/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   03/01/04   Ordinary   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   04/29/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   04/29/04   Annual   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   04/29/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   04/29/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   04/29/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403707   04/29/04   Special   Amendments in
share structure		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   03/01/04   Ordinary   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   04/29/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   04/29/04   Annual   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   04/29/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   04/29/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   04/29/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Teléfonos de México, S.A. de C.V.   TMX   TELMEX   879403780   04/29/04   Special   Amendments in
share structure		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   12/23/03   Extraordinary   Amendments in the
articles of
incorporation		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Annual   Presentation of
2003 results		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Annual   Amount of the
share buyback Fund		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Annual   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Annual   Appointment of
Statutory Auditors
and Secretaries for
FY 2004		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Extraordinary   Amendments in
share structure		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Extraordinary   Payment of a cash
dividend		   Mgmt.   Yes   For   Yes
Grupo Televisa, S.A.   TV   TLEVISA   40049J206   04/16/04   Special   Amendments in
share structure		   Mgmt.   Yes   For   Yes

Company

   Symbol
  

Cusip

No.

  

MTG

Date

  

Type of

MTG

   Matter Voted On
   Proponent
   Voted
  

Type
of

Vote

  

For

Mgmt

  (NYSE)
   (BMV)
                
Wal-mart de México, S.A. de C.V.   N/A   WALMEX   93114W107   02/25/04   Annual   Presentation
of 2003
results		   Mgmt.   Yes   For   Yes
Wal-mart de México, S.A. de C.V.   N/A   WALMEX   93114W107   02/25/04   Annual   Amount of
the share
buyback
Fund		   Mgmt.   Yes   For   Yes
Wal-mart de México, S.A. de C.V.   N/A   WALMEX   93114W107   02/25/04   Annual   Payment of a
cash (or
share)
dividend		   Mgmt.   Yes   For   Yes
Wal-mart de México, S.A. de C.V.   N/A   WALMEX   93114W107   02/25/04   Annual   Election of
Directors		   Mgmt.   Yes   For   Yes
Wal-mart de México, S.A. de C.V.   N/A   WALMEX   93114W107   02/25/04   Annual   Appointment
of Statutory
Auditors and
Secretaries
for FY 2004		   Mgmt.   Yes   For   Yes
Wal-mart de México, S.A. de C.V.   N/A   WALMEX   93114W107   02/25/04   Extraordinary   Amendments
in the
articles of
incorporation		   Mgmt.   Yes   For   Yes

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.

 

/s/ José Luis Gómez Pimienta*

(Registrant)

 

 

By: José Luis Gómez Pimienta

 

 

 

(Signature & Title)

 

 

Date: August 24, 2004

* Executed by Dilia M. Caballero, Attorney-in-fact pursuant to Power of Attorney dated July 18, 2002 and incorporated by reference from Post-Effective Amendment No. 37 filed on July 11, 2002.