EX-99.77C VOTES
Shareholder Voting Results
On April 28, 2000, a special meeting of shareholders of Advantus
Mortgage 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 3,357,967 227,423
Ellen S. Berscheid 3,359,527 225,863
Ralph D. Ebbott 3,360,064 225,326
Frederick P. Feuerherm 3,360,064 225,326
William N. Westhoff 3,355,400 229,990
(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 2,529,582 31,065 270,685
B. Modify policy regarding concentration
in a particular industry 2,530,029 31,695 269,608
C. Modify policy regarding investments
in real estate and commodities 2,523,056 38,736 269,540
D. Modify policy regarding lending 2,526,259 34,500 270,572
E. Eliminate policy restricting
the pledging of assets 2,510,430 48,224 272,678
F. Eliminate policy restricting
margin purchases and short sales 2,511,750 48,565 271,017
G. Eliminate policy limiting
investment in restricted securities
and other illiquid assets 2,516,028 34,436 280,867
H. Eliminate diversification policy 2,518,562 34,045 278,725
I. Eliminate policy regarding
investments in issuers that have been
in operation for less than 3 years 2,519,634 32,699 278,999
J. Eliminate policy addressing
potential conflicts of interest 2,506,470 42,732 282,130
K. Eliminate policy prohibiting
investing in companies for control 2,515,935 45,622 269,774
L. Eliminate policy restricting
investments in other investment
companies 2,517,645 44,047 269,640
(3) To approve an amendment to the
investment advisory agreement between
the Fund and Advantus Capital Management,
Inc., as described in the proxy statement 2,511,078 36,940 283,314
(4) To ratify the selection of KPMG LLP
as independent public accountants for
the Fund 3,308,147 9,627 267,617
