EX-99.77C VOTES
Shareholder Voting Results
On April 28, 2000, a special meeting of shareholders of Advantus Horizon
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 1,809,761 103,829
Ellen S. Berscheid 1,809,931 103,659
Ralph D. Ebbott 1,809,761 103,829
Frederick P. Feuerherm 1,810,425 103,165
William N. Westhoff 1,810,450 103,140
(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 1,460,765 45,912 112,882
B. Modify policy regarding concentration
in a particular industry 1,461,817 44,761 112,980
C. Modify policy regarding investments
in real estate and commodities 1,471,404 35,373 112,782
D. Modify policy regarding lending 1,455,430 49,563 114,566
E. Eliminate policy restricting
the pledging of assets 1,451,439 52,696 115,424
F. Eliminate policy restricting
margin purchases and short sales 1,452,150 54,640 112,769
G. Eliminate policy prohibiting
transactions with affiliates 1,470,637 33,932 114,990
H. Eliminate policy prohibiting
participation in a joint trading
account 1,464,822 39,642 115,095
I. Eliminate policy limiting investment
in restricted securities and other
illiquid assets 1,468,061 41,898 109,600
J. Eliminate policy limiting
options transactions 1,447,098 53,986 118,474
K. Eliminate diversification policy 1,461,493 41,219 116,847
L. Eliminate policy regarding investments
in issuers that have been in operation
for less than 3 years 1,465,546 38,111 115,902
M. Eliminate policy addressing
potential conflicts of interest 1,453,930 54,043 111,585
N. Eliminate policy prohibiting
investing in companies for control 1,469,042 38,675 111,842
O. Eliminate policy restricting
investments in other investment
companies 1,467,691 39,949 111,919
(3) To approve a change in investment
objective 1,476,552 26,444 116,563
(4) To approve an amendment to the
investment advisory agreement between
the Fund and Advantus Capital Management,
Inc., as described in the proxy statement 1,465,604 33,613 120,342
(5) To ratify the selection of KPMG LLP
as independent public accountants for
the Fund 1,785,555 15,187 112,849
