EXHIBIT 99.77.C
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ITEM 77.C
1. DLB GLOBAL SMALL CAPITALIZATION FUND, DLB STEWART IVORY INTERNATIONAL
FUND AND DLB STEWART IVORY EMERGING MARKETS FUND - SPECIAL MEETING OF
SHAREHOLDERS HELD ON JUNE 5, 2000.
Shareholders of each of the Funds listed above were asked to vote upon
the approval of a new investment sub-advisory agreement with respect to
each Fund between David L. Babson & Company Inc. and
Babson-Stewart-Ivory International (the "New Investment Subadvisory
Agreements"). There were 9,706,011.249 votes eligible to be cast at
this Special Meeting, which were attributable to each Fund as follows:
DLB Global Small Capitalization Fund: 1,456,354.929
DLB Stewart Ivory International Fund: 5,691,921.739
DLB Stewart Ivory Emerging Markets Fund: 2,557,734.581
Each of the New Investment Subadvisory Agreements was approved by
shareholders. All shares of the DLB Global Small Capitalization Fund
and all shares of the DLB Emerging Markets Fund voted to approve the
New Investment Subadvisory Agreements with respect to such Funds. With
respect to the DLB Stewart Ivory International Fund, 88.09% of the
shares eligible to vote at the meeting, voted to approve the New
Investment Subadvisory Agreement with respect to that Fund. No negative
votes were received.
2. DLB GLOBAL SMALL CAPITALIZATION FUND, DLB STEWART IVORY INTERNATIONAL
FUND AND DLB STEWART IVORY EMERGING MARKETS FUND - SPECIAL MEETING OF
SHAREHOLDERS HELD ON SEPTEMBER 15, 2000.
Shareholders of each of the Funds listed above were asked to vote upon
the approval of a new investment sub-advisory agreement with respect to
each Fund between David L. Babson & Company Inc. and
Babson-Stewart-Ivory International (the "New Investment Subadvisory
Agreements"). There were 9,646,431.240 votes eligible to be cast at
this Special Meeting, which were attributable to each Fund as follows:
DLB Global Small Capitalization Fund: 1,446,496.630
DLB Stewart Ivory International Fund: 5,605,402.026
DLB Stewart Ivory Emerging Markets Fund: 2,594,532.584
Each of the New Investment Subadvisory Agreements was approved by
shareholders. All shares of the DLB Global Small Capitalization Fund
and all shares of the DLB Emerging Markets Fund voted to approve the
New Investment Subadvisory Agreements with respect to such Funds. With
respect to the DLB Stewart Ivory International Fund, 90.71% of the
shares eligible to vote at the meeting, voted to approve the New
Investment Subadvisory Agreement with respect to that Fund. No negative
votes were received.
