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<PAGE> PAGE 13
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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SIGNATURE MICHAEL DISCIPIO
TITLE AST TREASURER
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<PERIOD-START> MAY-10-1999
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<INVESTMENTS-AT-COST> 4248124
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</TABLE>
FORWARD FUNDS, INC.
ITEM 77C:
Submission of Matters to a Vote of Security Holders
Date of Meeting:
A Special Meeting of Shareholders held on May 3, 1999.
Matters Voted on and Number of Affirmative and Negative Votes cast with
Respect to each Matter:
Proposal No. 1 - Adoption of a 12b-1 Plan
Fund Votes For Votes Against
Global Asset Allocation Fund 10,082,853 0
Global Bond Fund 2,918,825 0
International Equity Fund 2,054,132 0
U.S. Equity Fund 2,971,809 0
Proposal No. 2 - Amend the Global Bond Fund's investment objective
Fund Votes For Votes Against
Global Bond Fund 2,918,825 0
Proposal No. 3 - Arrangement for the Funds' investment adviser to hire or
terminate sub-advisers to the Funds without shareholder approval
Fund Votes For Votes Against
Global Asset Allocation Fund 10,082,853 0
Global Bond Fund 2,918,825 0
International Equity Fund 2,054,132 0
U.S. Equity Fund 2,971,809 0
