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SIGNATURE ARTHUR BRODY
TITLE PRESIDENT
<PAGE>
ITEM 77C - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS
The Registrant's most recent Annual Meeting of Stockholders was held at 11:00
a.m. Pacific Time, on October 18, 1996. At that meeting, the shareholders
ratified the selection of Coopers & Lybrand as the Registrant's accountants and
selected each of the nominees listed in the Registrant's Proxy Statement dated
October 18, 1996, as a Director, to serve for the ensuing year.
<PAGE>
SIGNATURE
This report is signed on behalf of the Registrant.
City of: Solana Beach State of: California
Date: 2/19/97
Name of Registrant: BDI Investment Corporation
By: /s/Arthur Brody Witness: /s/Teresa Whorton
------------ --------------
Arthur Brody Teresa Whorton
President and Assistant Treasurer
Chief Executive Officer
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