WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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EX-99.77C VOTES
Shareholder Voting Results
On April 17, 2000, a special meeting of shareholders of Advantus Real
Estate Securities Fund, Inc. was held. Shareholders of record on
February 28, 2000, were entitled to vote on the proposals described below.
(1) To elect a Board of Directors as follows:
Votes Votes
Director For Withheld
Charles E. Arner 930,552 0
Ellen S. Berscheid 930,552 0
Ralph D. Ebbott 930,552 0
Frederick P. Feuerherm 930,552 0
William N. Westhoff 930,552 0
(2) To approve the elimination or modification of the following investment
policies for.
Votes Votes Votes
For Against Withheld
A. Modify policy regarding borrowing
and the issuance of senior securities 928,256 0 0
B. Modify policy regarding concentration
in a particular industry 928,256 0 0
C. Modify policy regarding investments
in real estate and commodities 928,256 0 0
D. Modify policy regarding lending 928,256 0 0
E. Eliminate policy restricting
margin purchases and short sales 928,256 0 0
F. Eliminate policy prohibiting
participation in a joint trading
account 928,256 0 0
3. To approve an amendment to the
investment advisory agreement between
the Fund and Advantus Capital Management,
Inc., as described in the proxy statement 928,256 0 0
4. To ratify the selection of KPMG LLP
as independent public accountants for
the Fund 930,552 0 0
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