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<PAGE> PAGE 11
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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SIGNATURE EILEEN NEWHOUSE
TITLE COUNSELLOR
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<NAME> STRATEGIST WORLD TECHNOLOGIES FUND
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SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
STRATEGIST WORLD FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
Rodney P. Burwell
Affirmative 308,081.615 89.813% 99.641%
Withhold 1,109.936 .324% .359%
TOTAL 309,191.551 90.137% 100.000%
Jean B. Keffeler
Affirmative 308,081.615 89.813% 99.641%
Withhold 1,109.936 .324% .359%
TOTAL 309,191.551 90.137% 100.000%
Thomas R. McBurney
Affirmative 308,081.615 89.813% 99.641%
Withhold 1,109.936 .324% .359%
TOTAL 309,191.551 90.137% 100.000%
James A. Mitchell
Affirmative 308,081.615 89.813% 99.641%
Withhold 1,109.936 .324% .359%
TOTAL 309,191.551 90.137% 100.000%
John R. Thomas
Affirmative 308,081.615 89.813% 99.641%
Withhold 1,109.936 .324% .359%
TOTAL 309,191.551 90.137% 100.000%
2. Ratify the selection of independent auditors
Affirmative 302,959.109 88.320% 97.984%
Against 6,232.442 1.817% 2.016%
Abstain .000 .000% .000%
TOTAL 309,191.551 90.137% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
STRATEGIST WORLD FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 343,024.055
VOTED SHARES 309,191.551
PERCENT VOTED 90.137%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
STRATEGIST EMERGING MARKETS
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
Rodney P. Burwell
Affirmative 133,331.060 89.521% 99.174%
Withhold 1,109.936 .745% .826%
TOTAL 134,440.996 90.266% 100.000%
Jean B. Keffeler
Affirmative 133,331.060 89.521% 99.174%
Withhold 1,109.936 .745% .826%
TOTAL 134,440.996 90.266% 100.000%
Thomas R. McBurney
Affirmative 133,331.060 89.521% 99.174%
Withhold 1,109.936 .745% .826%
TOTAL 134,440.996 90.266% 100.000%
James A. Mitchell
Affirmative 133,331.060 89.521% 99.174%
Withhold 1,109.936 .745% .826%
TOTAL 134,440.996 90.266% 100.000%
John R. Thomas
Affirmative 133,331.060 89.521% 99.174%
Withhold 1,109.936 .745% .826%
TOTAL 134,440.996 90.266% 100.000%
2. Ratify the selection of independent auditors
Affirmative 128,208.554 86.081% 95.364%
Against 6,232.442 4.185% 4.636%
Abstain .000 .000% .000%
TOTAL 134,440.996 90.266% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
STRATEGIST EMERGING MARKETS
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
3. Approve changes to the Investment Management Services
Agreement
Affirmative 132,719.508 89.110% 98.720%
Against 1,109.936 .745% .825%
Abstain 611.552 .411% .455%
TOTAL 134,440.996 90.266% 100.000%
4. Changes to investment policies
4.2 Senior Securities
Affirmative 133,621.629 89.716% 99.391%
Against .000 .000% .000%
Abstain 819.367 .550% .609%
TOTAL 134,440.996 90.266% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
STRATEGIST EMERGING MARKETS
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 148,938.598
VOTED SHARES 134,440.996
PERCENT VOTED 90.266%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
STRATEGIST WORLD GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
Rodney P. Burwell
Affirmative 74,897.782 86.307% 100.000%
Withhold .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
Jean B. Keffeler
Affirmative 74,897.782 86.307% 100.000%
Withhold .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
Thomas R. McBurney
Affirmative 74,897.782 86.307% 100.000%
Withhold .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
James A. Mitchell
Affirmative 74,897.782 86.307% 100.000%
Withhold .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
John R. Thomas
Affirmative 74,897.782 86.307% 100.000%
Withhold .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
2. Ratify the selection of independent auditors
Affirmative 74,897.782 86.307% 100.000%
Against .000 .000% .000%
Abstain .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
STRATEGIST WORLD GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
3. Approve changes to the Investment Management Services
Agreement.
Affirmative 74,897.782 86.307% 100.000%
Against .000 .000% .000%
Abstain .000 .000% .000%
TOTAL 74,897.782 86.307% 100.000%
4. Changes to investment policies
4.1 Prohibited conflict of interest
Affirmative 74,658.214 86.031% 99.680%
Against .000 .000% .000%
Abstain 239.568 .276% .320%
TOTAL 74,897.782 86.307% 100.000%
4.2 Senior securities
Affirmative 74,658.214 86.031% 99.680%
Against .000 .000% .000%
Abstain 239.568 .276% .320%
TOTAL 74,897.782 86.307% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
STRATEGIST WORLD GROWTH
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 86,780.382
VOTED SHARES 74,897.782
PERCENT VOTED 86.307%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
STRATEGIST WORLD INCOME
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
Rodney P. Burwell
Affirmative 99,852.773 93.055% 100.000%
Withhold .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
Jean B. Keffeler
Affirmative 99,852.773 93.055% 100.000%
Withhold .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
Thomas R. McBurney
Affirmative 99,852.773 93.055% 100.000%
Withhold .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
James A. Mitchell
Affirmative 99,852.773 93.055% 100.000%
Withhold .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
John R. Thomas
Affirmative 99,852.773 93.055% 100.000%
Withhold .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
2. Ratify the selection of independent auditors
Affirmative 99,852.773 93.055% 100.000%
Against .000 .000% .000%
Abstain .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
STRATEGIST WORLD INCOME
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Changes to investment policies
4.1 Prohibited conflict of interest
Affirmative 99,852.773 93.055% 100.000%
Against .000 .000% .000%
Abstain .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
4.2 Senior securities
Affirmative 99,852.773 93.055% 100.000%
Against .000 .000% .000%
Abstain .000 .000% .000%
TOTAL 99,852.773 93.055% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
STRATEGIST WORLD INCOME
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 107,305.075
VOTED SHARES 99,852.773
PERCENT VOTED 93.055%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
STRATEGIST WORLD TECHNOLOGIES
June 16, 1999
% of Outstanding % of Shares
Shares Voted
--------------- ----------------
1. Election of Board members.
Rodney P. Burwell
Affirmative 100.000% 100.000%
Withhold .000% .000%
TOTAL 100.000% 100.000%
Jean B. Keffeler
Affirmative 100.000% 100.000%
Withhold .000% .000%
TOTAL 100.000% 100.000%
Thomas R. McBurney
Affirmative 100.000% 100.000%
Withhold .000% .000%
TOTAL 100.000% 100.000%
James A. Mitchell
Affirmative 100.000% 100.000%
Withhold .000% .000%
TOTAL 100.000% 100.000%
John R. Thomas
Affirmative 100.000% 100.000%
Withhold .000% .000%
TOTAL 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 100.000% 100.000%
Against .000% .000%
Abstain .000% .000%
TOTAL 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
STRATEGIST WORLD TECHNOLOGIES
June 16, 1999
% of Outstanding % of Shares
Shares Voted
--------------- ----------------
4. Changes to investment policies
4.2 Senior securities
Affirmative 100.000% 100.000%
Against .000% .000%
Abstain .000% .000%
TOTAL 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
STRATEGIST WORLD TECHNOLOGIES
June 16, 1999
% of Outstanding % of Shares
Shares Voted
--------------- ----------------
** FUND TOTALS: SHARES
PERCENT VOTED 100.000%
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
Strategist World Fund, Inc.:
In planning and performing our audit of the financial statements of Strategist
Emerging Markets Fund, Strategist World Growth Fund, Strategist World Income
Fund, and Strategist World Technologies Fund ( series within Strategist World
Fund, Inc.) for the period ended October 31, 1999, we considered their
internal control, including control activities for safeguarding securities,
in order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on the internal control.
The management of Strategist World Fund, Inc. is responsible for establishing
and maintaining of internal control. In fulfillin this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity
with generally accepted accounting principles. Those controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or irregularities
may occur and not be detected. Also, projection of any evaluation of
internal control to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control would not necessarily disclose all
matters in the internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that errors or irregularities in amounts
that would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by employees
in the normal course of performing their assigned functions. However,
we noted no matters involving the internal control and its operation,
including controls for safeguarding securities, that we consider to be a
material weakness as defined above.
This report is intended solely for the information and use of management,
the Board of Directors of Strategist World Fund, Inc., and the Securities and
Exchange Commission.
KPMG LLP
Minneapolis, Minnesota
December 3, 1999
