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008 D010001 CHICAGO
008 D020001 IL
008 D030001 60675
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008 D020002 MA
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<PAGE> PAGE 2
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SIGNATURE /EDWARD D. BEACH
TITLE PRESIDENT
Sub-Item 77c: Submission of matters to a vote of
security holders:
The annual meeting of the shareholders of
BMC Fund, Inc. was held on July 31, 1999.
The following individuals were elected directors
and all were in office at September 30, 1999:
Paul H. Broyhill
E. D. Beach
James T. Broyhill
William E. Cooper
Lawrence Z. Crockett
Willard A. Gortner
Harry Heltzer
Allene B. Heilman
Gene A. Hoots
Michael G. Landry
L. Glenn Orr, Jr.
Dolph W. von Arx
The shareholders approved an Investment Advisory
Agreement between the Corporation and The Northern
Trust Company, N.A. dated as of August 1, 1999,
with 4,851,522 affirmative votes, no negative
votes and 100 votes abstaining.
The shareholders approved an Investment Advisory
Agreement between the Corporation and Wellington
Management Company, LLP dated as of August 1, 1999,
with 4,794,324 affirmative votes, 57,198 negative
votes and 100 votes abstaining.
The shareholders approved an amendment to the
Corporation's fundamental investment policies to
permit the issuance of certain senior securities
representing indebtedness with 4,851,622 affirmative
votes and no negative votes.
The firm of Deloitte & Touche was approved as auditors
for the year ending March 31, 2000 with 4,851,622
affirmative votes and no negative votes.
Approved all actions of the Board of Directors
for the fiscal year ended March 31, 1999 with
4,851,622 affirmative votes and no negative votes.
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