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SIGNATURE GRETCHEN B. ZEPERNICK
TITLE CORP COMPLIANCE ADMN
Exhibit 99
Sub-Item 77C
Special Meeting of Shareholders
A special meeting of shareholders was held on January 31, 1997,
to elect the seven members to the Board of Trustees, to vote on
a new sub-investment advisory agreement among the Fund, Timothy
Partners, LTD., and Awad & Associates, a division of Raymond
James & Associates, Inc., and to vote on a revised 12b-1
distribution plan on behalf of the Retail Class only. The
results were as follows:
For the election of the seven members to the Board of Trustees:
VOTES FOR VOTES WITHHELD
Arthur D. Ally 514,374 9,727
Joseph E. Boatwright 514,638 9,463
Daniel D. Busby 514,839 9,462
Philip B. Crosby 514,537 9,564
Wesley W. Pennington 514,840 9,261
Mark Schweizer 514,840 9,261
Jock M. Sneddon 514,537 9,564
For the election of the new sub-investment advisory agreement:
GRANT: 512,562
WITHHOLD: 11,539
For the election of the revised 12b-1 distribution plan on
behalf of the Retail Class only (which is to become effective
upon implementation of a CDSC. As of June 30, 1997, the
revision is not in effect):
GRANT: 166,112
WITHHOLD: 4,272
At a meeting held March 4, 1997, the Board of Trustees
appointed a new independent Trustee to fill the vacancy created
by the death of Mr. Mark Schweizer. Following a review of
possible candidates, the current independent Trustees nominated
and the full Board subsequently elected Mr. Scott Fehrenbacher
as a Trustee, to serve in such capacity, unless earlier removed
or until the election and qualification of his successor.
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