Shareholder Meeting Results (unaudited)
The Annual Meeting of Shareholders of Hawaiian Tax-Free Trust (the "Trust") was
held on September 15, 2000. The holders of shares representing 63% of the
total net asset value of the shares entitled to vote were present in person
or by proxy. At the meeting, the following matters were voted upon and
approved by the shareholders (the resulting votes for each matter are
presented below).
1. To elect Trustees.
Number of Votes:
Trustee For Withheld
Lacy B. Herrmann 34,763,034 388,377
Vernon R. Alden 34,690,911 460,500
Arthur K. Carlson 34,731,694 419,717
William M. Cole 34,748,445 402,966
Thomas W. Courtney 34,797,078 354,333
Richard W. Gushman, II 34,785,557 365,854
Stanley W. Hong 34,685,766 465,645
Theodore T. Mason 34,787,994 363,417
Russsell K. Okata 34,414,474 736,937
Douglas Philpotts 34,713,977 437,434
Oswald K. Stender 34,355,208 796,203
2. To ratify the selection of KPMG LLP as the Fund's independent auditors.
Number of Votes:
For Against Abstain
34,661,289 268,360 221,763
3. To act upon a proposal to change the fundamental policies of the Fund to
allow the use of additional nationally recognized statistical rating
organizations.
Number of Votes:
For Against Abstain
24,140,582 326,507 919,119
