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SIGNATURE STEVE KEANE
TITLE ASST. GEN. COUNSEL
Exhibit 77Q(1)
Item 77 C -- Submission of Matters to a Vote of Security Holders
A Special Meeting of Shareholders of Liquid Cash Trust was held on March
22, 1999. The following items, which are required to be reported under
this Item 77C, were approved at the meeting:
1. Vote on Trustees.
Names Shares voted Withheld authority
affirmatively to vote
Thomas G. Bigley 251,810,331 14,636,595
John T. Conroy, Jr. 251,810,331 14,636,595
Nicholas P. Constantakis 251,810,331 14,636,595
John F. Cunningham 251,810,331 14,636,595
J. Christopher Donohue 251,810,331 14,636,595
Peter E. Madden 251,810,331 14,636,595
Charles F. Mansfield, Jr. 251,810,331 14,636,595
John E. Murray, Jr. 251,810,331 14,636,595
John S. Walsh 251,810,331 14,636,595
Shares voted affirmatively.....................251,810,331
Shares abstaining..............................14,636,595
2. To ratify the selection of Deloitte & Touche LLP as the Trust's
independent auditors.
Shares voted affirmatively.....................251,582,084
Shares voted negatively........................228,246
Shares abstaining..............................14,636,595
3. To make changes to the Trust's fundamental investment policies:
(a) To approve making non-fundamental, and amending, the Trust's
fundamental investment policy regarding maturity of money market
instruments.
Shares voted affirmatively.....................235,662,518
Shares voted negatively........................10,259,559
Shares abstaining..............................20,524,849
(b) To approve making non-fundamental, and amending, the Trust's
fundamental investment policy regarding investing in restricted
securities.
Shares voted affirmatively.....................219,214,455
Shares voted negatively........................31,668,388
Shares abstaining..............................15,564,081
(c) To approve making non-fundamental the Trust's policy prohibiting
investment in securities to exercise control of an issuer.
Shares voted affirmatively.....................234,064,591
Shares voted negatively........................16,818,253
Shares abstaining..............................15,564,081
(d) To approve making non-fundamental, and amending, the Trust's ability
to invest in the securities of other investment companies.
Shares voted affirmatively.....................233,351,372
Shares voted negatively........................17,531,472
Shares abstaining..............................15,564,081
(e) To approve a revision in the Trust's fundamental investment policy
regarding borrowing to permit the purchase of securities while
borrowings are outstanding.
Shares voted affirmatively.....................237,299,639
Shares voted negatively........................13,583,205
Shares abstaining..............................15,564,081
4. To eliminate certain of the Trust's fundamental investment policies:
(a) To approve removing the Trust's fundamental investment policy on
investing in new issuers.
Shares voted affirmatively.....................220,717,218
Shares voted negatively........................30,165,625
Shares abstaining..............................15,564,081
(b) To approve removing the Trust's fundamental investment policy on
investing in oil, gas, and minerals.
Shares voted affirmatively.....................197,133,450
Shares voted negatively........................53,404,394
Shares abstaining..............................15,909,081
(c) To approve removing the Trust's fundamental policy on investing in
issuers whose securities are owned by Officers and Trustees.
Shares voted affirmatively.....................197,966,185
Shares voted negatively........................52,916,659
Shares abstaining..............................15,564,081
(d) To approve removing the Trust's fundamental investment policy on
investing in options.
Shares voted affirmatively.....................223,931,818
Shares voted negatively........................26,951,026
Shares abstaining..............................15,564,081
(e) To approve removing the Trust's fundamental investment policy
regarding short-term liquidity.
Shares voted affirmatively.....................240,332,504
Shares voted negatively........................10,550,339
Shares abstaining..............................15,564,081
(f) To approve removing the Trust's fundamental investment policy
regarding concentration and to reserve freedom to concentrate
investments in the domestic banking industry.
Shares voted affirmatively.....................246,845,863
Shares voted negatively........................4,036,980
Shares abstaining..............................15,564,081
5. To approve a clarifying amendment to the Trust's Investment Advisory
Agreement to exclude Rule 12b-1 fees and shareholder service fees from
the expense cap.
Shares voted affirmatively.....................230,440,398
Shares voted negatively........................10,312,518
Shares abstaining..............................25,694,009
6. To approve an amendment and restatement to the Trust's Declaration of
Trust to require the approval by a "1940 Act" majority of the
outstanding voting shares in the event of the sale or conveyance of the
assets of the Trust to another trust or corporation.
Shares voted affirmatively.....................231,349,479
Shares voted negatively........................4,442,670
Shares abstaining..............................30,654,776
7. To approve a proposed Agreement and Plan of Reorganization between
the Trust and Money Market Obligations Trust, on behalf of its series,
Liquid Cash Trust (the "New Fund"), whereby the New Fund would acquire
all of the assets of the Trust in exchange for shares of the New Fund to
be distributed pro rata by the Trust to its shareholders in complete
liquidation and termination of the Trust.
Shares voted affirmatively.....................228,670,408
Shares voted negatively........................7,258,547
Shares abstaining..............................30,517,970
The Definitive Proxy Statement for the Special Meeting held on March 22,
1999 was filed with the Securities and Exchange Commission on February
3, 1999, and is incorporated by reference. (File No. 811-3057)
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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