UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-8076

               The Emerging Markets Telecommunications Fund, Inc.
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               (Exact name of registrant as specified in charter)


                    c/o Credit Suisse Asset Management, LLC
                              466 Lexington Avenue
                            New York, New York 10017
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              (Address of principal executive offices) (Zip code)

                               J. Kevin Gao, Esq.
                              466 Lexington Avenue
                            New York, New York 10017
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                    (Name and address of agent for service)

Registrant's telephone number, including area code: (212) 875-3500

Date of fiscal year end: 10/31
Date of reporting period: July 1, 2005 - June 30, 2006


ITEM 1. PROXY VOTING RECORD

The Emerging Markets Telecommunications Fund, Inc.


============== THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC. ==============


AES TIETE SA(FORMERLY COMPANHIA DE GERACAO DE ENERGIA TIETE)

Ticker:                      Security ID:  P4991B101
Meeting Date: MAR 21, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports and Approve Allocation of Income
2     Approve Aggregate Annual  Remuneration of For       For        Management
      Directors
3     Elect Employee Representative and         For       For        Management
      Alternate to the Board
4     Elect Directors                           For       For        Management
5     Elect Supervisory Board                   For       For        Management


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BEZEQ THE ISRAELI TELECOM CORP

Ticker:                      Security ID:  M2012Q100
Meeting Date: AUG 3, 2005    Meeting Type: Special
Record Date:  JUL 26, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Extension of Current              For       Against    Management
      Director/Officer Liability and
      Indemnification Insurance


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BEZEQ THE ISRAELI TELECOM CORP

Ticker:                      Security ID:  M2012Q100
Meeting Date: DEC 20, 2005   Meeting Type: Annual
Record Date:  DEC 8, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
3     Elect Directors                           For       For        Management


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BEZEQ THE ISRAELI TELECOM CORP

Ticker:                      Security ID:  M2012Q100
Meeting Date: JUN 21, 2006   Meeting Type: Annual
Record Date:  MAY 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Discuss Financial Statements and          For       For        Management
      Directors' Report for Year 2005
2     Approve Somech, Chaikin, and Shoti as     For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
3     Elect M. Garbiner, D. Weisglass, Z.       For       For        Management
      Cohen, Y. Rubinstein and Reelect M.
      Arkin, P. Bucris, R. Gottfried, A. Saban,
      M. Inbar, A. Chesnoff, and K. Kiari as
      Directors
4     Approve Compensation of Dov Weisglass as  For       For        Management
      Director for NIS 150,000 Per Month


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BEZEQ THE ISRAELI TELECOM CORP

Ticker:                      Security ID:  M2012Q100
Meeting Date: MAR 23, 2006   Meeting Type: Special
Record Date:  MAR 12, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cash Dividend of NIS 0.4606446    For       For        Management
      Per Share
2     Approve Management Agreement with         For       Against    Management
      Significant Shareholder


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BEZEQ THE ISRAELI TELECOM CORP

Ticker:                      Security ID:  M2012Q100
Meeting Date: NOV 24, 2005   Meeting Type: Special
Record Date:  OCT 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Directors                           For       For        Management
2     Approve Director/Officer Liability and    For       Against    Management
      Indemnification Insurance


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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)

Ticker:                      Security ID:  Y0885K108
Meeting Date: FEB 28, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 92A and 117(a) of the      For       For        Management
      Articles of Association Re: Licensing
      Agreement with the Department of
      Telecommunication and Composition of the
      Board of Directors, Respectively
2     Amend Clause III Pertaining to Object     For       For        Management
      Clause of Memorandum of Association Re:
      License Agreement by the Department of
      Telecommunication


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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)

Ticker:                      Security ID:  Y0885K108
Meeting Date: MAR 20, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Change Company Name to Bharti Airtel Ltd  For       For        Management


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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)

Ticker:                      Security ID:  Y0885K108
Meeting Date: NOV 26, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Limit on Foreign      For       For        Management
      Shareholding


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BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD)

Ticker:                      Security ID:  Y0885K108
Meeting Date: SEP 6, 2005    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Reappoint R.B. Mittal as Director         For       For        Management
3     Reappoint L. Toon as Director             For       For        Management
4     Approve Price Waterhouse as Auditors and  For       For        Management
      Authorize Board to Fix Their Remuneration
5     Appoint S.B. Mittal as Director           For       For        Management
6     Appoint R.B. Mittal as Director           For       For        Management
7     Appoint A. Gupta as Director              For       For        Management
8     Approve ESOP Scheme - 2005 for Employees  For       Against    Management
      and Directors of the Company and Its
      Subsidiaries
9     Amend Articles of Association             For       Against    Management


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CHINA MOBILE (HONG KONG) LIMITED

Ticker:       CHLKF          Security ID:  Y14965100
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:  MAY 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of HK$ 0.57 Per    For       For        Management
      Share
3a    Reelect Lu Xiangdong as Director          For       For        Management
3b    Reelect Xue Taohai as Director            For       For        Management
3c    Reelect Sha Yuejia as Director            For       For        Management
3d    Reelect Liu Aili as Director              For       For        Management
3e    Reelect Xin Fanfei as Director            For       For        Management
3f    Reelect Xu Long as Director               For       For        Management
3g    Reelect Lo Ka Shui as Director            For       For        Management
3h    Reelect Moses Cheng Mo Chi as Director    For       For        Management
4     Reappoint KPMG as Auditors and Authorize  For       For        Management
      Board to Fix Their Remuneration
5     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares
8     Change Company Name from China Mobile     For       For        Management
      (Hong Kong) Limited to China Mobile
      Limited


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CHINA NETCOM GROUP CORP HONGKONG LTD

Ticker:                      Security ID:  Y1505N100
Meeting Date: OCT 25, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition by the Company of the For       For        Management
      Entire Issued Share Capital of China
      Netcom Group New Horizon Communications
      Corp. (BVI) Ltd. at a Consideration of
      RMB 12.8 Billion
2     Approve Continuing Connected Transactions For       For        Management
      Contemplated Under the Engineering and
      Information Technology Services Agreement
      and Materials Procurement Agreement; and
      the Relevant Annual Caps
3     Approve Continuing Connected Transactions For       For        Management
      Contemplated Under the Domestic
      Interconnection Settlement Agreement and
      the International Long Distance Voice
      Services Settlement Agreement


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CHINA TELECOM CORPORATION LTD

Ticker:                      Security ID:  Y1505D102
Meeting Date: MAY 23, 2006   Meeting Type: Annual
Record Date:  APR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports and Authorize Board to Prepare
      the Budget for 2006
2     Approve Final Dividend and Profit         For       For        Management
      Distribution Proposal
3     Reappoint KPMG and KPMG Huazen as         For       For        Management
      International and Domestic Auditors
      Respectively, and Authorize Board to Fix
      Their Remuneration
4     Approve Resignation of Wei Leping as      For       For        Management
      Executive Director
5a    Authorize Issuance of Short-Term          For       Against    Management
      Commercial Papers with a Maximum
      Outstanding Repayment Amount of RMB 30.0
      Billion and RMB 40.0 Billion (Issue)
5b    Authorize Board to Determine the Specific For       Against    Management
      Terms, Conditions and Other Matters of
      the Issue and Do All Acts and Steps
      Necessary to Execute the Issue
6     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
7     Approve Increase in Registered Capital to For       Against    Management
      Reflect the Issue of Shares under the
      General Mandate and Amend the Articles to
      Reflect Such Increase


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CHINA TELECOM CORPORATION LTD

Ticker:                      Security ID:  Y1505D102
Meeting Date: OCT 18, 2005   Meeting Type: Special
Record Date:  SEP 16, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Issue of Short Term Commercial  For       For        Management
      Paper in One or More Tranches with a
      Maximum Outstanding Repayment Amount of
      RMB30 Billion and the First Tranche of
      Issue Expected Not to Exceed RMB10
      Billion
2     Authorize Board to Determine Specific     For       For        Management
      Terms, Conditions and Other Matters
      Relating to the Issuance of the Short
      Term Commercial Paper and Do Acts and
      Take Steps Necessary for the Issuance of
      the Short Term Commercial Paper


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CHINA TELECOM CORPORATION LTD

Ticker:                      Security ID:  Y1505D102
Meeting Date: SEP 9, 2005    Meeting Type: Special
Record Date:  AUG 9, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Reelect Wang Xiaochu as Director and      For       For        Management
      Authorize Board to Fix His Remuneration
1b    Reelect Leng Rongquan as Director and     For       For        Management
      Authorize Board to Fix His Remuneration
1c    Reelect Wu Andi as Director and Authorize For       For        Management
      Board to Fix Her Remuneration
1d    Reelect Zhang Jiping as Director and      For       For        Management
      Authorize Board to Fix His Remuneration
1e    Reelect Huang Wenlin as Director and      For       For        Management
      Authorize Board to Fix Her Remuneration
1f    Reelect Li Ping as Director and Authorize For       For        Management
      Board to Fix His Remuneration
1g    Reelect Wei Leping as Director and        For       For        Management
      Authorize Board to Fix His Remuneration
1h    Reelect Yang Jie as Director and          For       For        Management
      Authorize Board to Fix His Remuneration
1i    Reelect Sun Kangmin as Director and       For       For        Management
      Authorize Board to Fix His Remuneration
1j    Reelect Li Jinming as Director and        For       For        Management
      Authorize Board to Fix His Remuneration
1k    Reelect Zhang Youcai as Independent       For       For        Management
      Non-Executive Director and Authorize
      Board to Fix His Remuneration
1l    Reelect Vincent Lo Hong Sui as            For       For        Management
      Independent Non-Executive Director and
      Authorize Board to Fix His Remuneration
1m    Reelect Shi Wanpeng as Independent        For       For        Management
      Non-Executive Director and Authorize
      Board to Fix His Remuneration
1n    Elect Xu Erming as Independent            For       For        Management
      Non-Executive Director and Authorize
      Board to Fix His Remuneration
1o    Elect Tse Hau Yin, Aloysius as            For       For        Management
      Independent Non-Executive Director and
      Authorize Board to Fix His Remuneration
2a    Reelect Zhang Xiuqin as Supervisor and    For       For        Management
      Authorize the Supervisory Committee to
      Fix Her Remuneration
2b    Reelect Zhu Lihao as Supervisor and       For       For        Management
      Authorize the Supervisory Committee to
      Fix Her Remuneration
2c    Elect Li Jian as Supervisor and Authorize For       For        Management
      the Supervisory Committee to Fix His
      Remuneration
2d    Elect Xu Cailiao as Supervisor and        For       For        Management
      Authorize the Supervisory Committee to
      Fix His Remuneration
3a    Amend Articles Re: Capital Structure      For       For        Management
3b    Amend Articles Re: Number of Independent  For       For        Management
      Directors


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COMSTAR UNITED TELESYSTEMS

Ticker:                      Security ID:  47972P109
Meeting Date: JUN 30, 2006   Meeting Type: Annual
Record Date:  JUN 2, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE MEETING PROCEDURE.        For       For        Management
2     APPROVAL OF THE ANNUAL REPORT AND ANNUAL  For       For        Management
      ACCOUNTING REPORTING, INCLUDING THE
      PROFIT AND LOSS REPORT.
3     APPROVAL OF THE DISTRIBUTION OF PROFITS   For       For        Management
      AND LOSS OF JSC COMSTAR - UNITED
      TELESYSTEMS 2005 FOR THE FINANCIAL YEAR
      2005.
4     APPROVAL OF THE PAYOUT OF THE YEARLY 2005 For       For        Management
      DIVIDEND FOR THE COMMON SHARES IN AMOUNT
      OF 62,000,000 RUBLES BEFORE OCTOBER 1,
      2006.
5     ELECTION OF DIRECTORS. IF YOU WISH TO     For       For        Management
      VOTE SELECTIVELY OR CUMULATE, PLEASE
      CONTACT YOUR REPRESENTATIVE.
6     ELECTION TO JSC COMSTAR - UNITED          For       For        Management
      TELESYSTEMS 2005 AUDIT COMMITTEE FOR THE
      YEAR 2006: INOZEMTSEV, VJACHESLAV
      IVANOVICH.
7     ELECTION TO JSC COMSTAR - UNITED          For       For        Management
      TELESYSTEMS 2005 AUDIT COMMITTEE FOR THE
      YEAR 2006: KURMAHOV SHAMIL RAVILYEVICH.
8     ELECTION TO JSC COMSTAR - UNITED          For       For        Management
      TELESYSTEMS 2005 AUDIT COMMITTEE FOR THE
      YEAR 2006: PLATOSHIN VASILY VASILYEVICH.
9     APPROVAL OF THE CLOSED JOINT STOCK        For       For        Management
      COMPANY DELOITTE & TOUCHE AS AUDITOR OF
      JSC COMSTAR - UNITED TELESYSTEMS FOR
      2006.
10    APPROVAL OF JSC COMSTAR - UNITED          For       Against    Management
      TELESYSTEMS BOARD OF DIRECTORS BYLAWS.
11    APPROVAL OF BYLAWS CONCERNING PREPARATION For       Against    Management
      AND CONVENING OF JSC COMSTAR - UNITED
      TELESYSTEMS BOARD OF DIRECTORS MEETINGS.
12    APPROVAL OF JSC COMSTAR - UNITED          For       Against    Management
      TELESYSTEMS GENERAL SHAREHOLDERS MEETING
      BYLAWS.
13    APPROVAL OF MAKING TRANSACTIONS, WHICH    For       Against    Management
      CAN BE MADE BY THE COMPANY IN THE FUTURE
      IN THE PROCESS OF CONDUCTING BUSINESS.


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EGYPTIAN COMPANY FOR  MOBILE SERVICES-MOBINIL

Ticker:                      Security ID:  M36763106
Meeting Date: DEC 4, 2005    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board Report for Nine Month Period For       Did Not    Management
      Ended June 30, 2005                                 Vote
2     Accept Audditors' Report on Financial     For       Did Not    Management
      Statements for Nine Month Period Ended              Vote
      June 30, 2005
3     Accept Financial Statements for Nine      For       Did Not    Management
      Month Period Ended June 30, 2005                    Vote
4     Approve Allocation of Income for Nine     For       Did Not    Management
      Month Period Ended June 30, 2005                    Vote
5     Approve Changes to Board for Nine Month   For       Did Not    Management
      Period Ended June 30, 2005                          Vote


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EGYPTIAN COMPANY FOR  MOBILE SERVICES-MOBINIL

Ticker:                      Security ID:  M36763106
Meeting Date: SEP 6, 2005    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board Report for Fiscal Year Ended For       Did Not    Management
      June 30, 2005                                       Vote
2     Accept Statutory Report for Fiscal Year   For       Did Not    Management
      Ended June 30, 2005                                 Vote
3     Accept Financial Statements for Fiscal    For       Did Not    Management
      Year Ended June 30, 2005                            Vote
4     Approve Allocation of Income for Fiscal   For       Did Not    Management
      Year Ended June 30, 2005                            Vote


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EMERGING MARKETS TELECOMMUNICATIONS FUNDS, INC., THE

Ticker:       ETF            Security ID:  290890102
Meeting Date: FEB 10, 2006   Meeting Type: Annual
Record Date:  JAN 11, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Walter Eberstadt           For       For        Management
1.2   Elect Director Phillip Goldstein          For       For        Management
1.3   Elect Director Steven N. Rappaport        For       For        Management
1.4   Elect Director Martin M. Torino           For       For        Management


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HUTCHISON TELECOMMUNICATIONS INTL LTD

Ticker:       HTX            Security ID:  G46714104
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:  MAY 9, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2a    Reelect FOK Kin-ning, Canning as Director For       For        Management
2b    Reelect Tim PENNINGTON as Director        For       For        Management
2c    Reelect Naguib SAWIRIS as Director        For       For        Management
2d    Reelect Aldo MAREUSE as Director          For       For        Management
2e    Authorize Board to Fix the Remuneration   For       For        Management
      of Directors
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4a    Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
4b    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
4c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
5     Approve Share Option Scheme of Hutchison  For       For        Management
      Essar Limited
6     Approve Share Option Plan of Partner      For       For        Management
      Communications Company Ltd.


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INVESTCOM LLC

Ticker:                      Security ID:  46130T102
Meeting Date: JUN 5, 2006    Meeting Type: Annual
Record Date:  MAY 12, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Elect Taha Mikati, Mohamad Najib Mikati,  For       For        Management
      Azmi Mikati, Jean-Francois Pontal and
      Berge Setrakian as Directors
3     Reappoint Ernst & Young as Auditors and   For       For        Management
      Fix Their Remuneration
4     Other Business (Voting)                   For       Against    Management


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ITISSALAT AL-MAGHRIB  (MAROC TELECOM)

Ticker:                      Security ID:  F6077E108
Meeting Date: MAR 30, 2006   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Did Not    Management
      Discharge of Directors for Fiscal Year              Vote
      Ended 12-31-05
2     Accept Consolidated Financial Statements  For       Did Not    Management
      and Statutory Reports for Fiscal Year               Vote
      Ended 12-31-05
3     Approve Special Auditors' Report Re:      For       Did Not    Management
      Related Party Transactions                          Vote
4     Approve Allocation of Income and          For       Did Not    Management
      Dividends in the Amount of DH 6,96 per              Vote
      Share for Fiscal Year 2005
5     Ratify Appointment of M. Chakib Benmoussa For       Did Not    Management
      as Director                                         Vote
6     Authorize Reduction in Stated Capital Via For       Did Not    Management
      the Reduction of Share Par Value                    Vote
7     Amend Article 4 of the Company Bylaws     For       Did Not    Management
                                                          Vote
8     Authorize Issuance of Options or Warrants For       Did Not    Management
      with Preemptive Rights                              Vote
9     Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote


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MAGYAR TELEKOM  (FRM. MATAV RT)

Ticker:                      Security ID:  X5215H163
Meeting Date: NOV 7, 2005    Meeting Type: Special
Record Date:  OCT 27, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement with T-Mobile    For       Did Not    Management
      Hungary (Wholly-Owned Subsidiary)                   Vote
2     Transact Other Business                   For       Did Not    Management
                                                          Vote


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MTN GROUP LTD.(FORMERLY M-CELL)

Ticker:                      Security ID:  S8039R108
Meeting Date: AUG 10, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for Year Ended March 31, 2005
2     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
3.1   Reelect D.D.B. Band as Director           For       For        Management
3.2   Reelect R.S. Dabengwa as Director         For       For        Management
3.3   Reelect P.L. Heinamann as Director        For       For        Management
3.4   Reelect A.F. van Bilijon as Director      For       For        Management
4     Elect M.A. Moses as Director Appointed    For       For        Management
      During the Year
5     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
6     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
7     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights up to a Maximum of 10
      Percent of Issued Capital
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


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MTN GROUP LTD.(FORMERLY M-CELL)

Ticker:                      Security ID:  S8039R108
Meeting Date: JUN 13, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for Year Ended December 31, 2005
2.1   Reelect R.D. Nisbet as Director           For       For        Management
2.2   Reelect J.H.N. Strydom as Director        For       For        Management
3.1   Elect K. Kaylan as Director Appointed     For       For        Management
      During the Year
3.2   Elect C.O. Kolade as Director Appointed   For       For        Management
      During the Year
3.3   Elect M.J.N. Njeke as Director Appointed  For       For        Management
      During the Year
3.4   Elect M. Ramphele as Director Appointed   For       For        Management
      During the Year
3.5   Elect A. Sharbatley as Director Appointed For       For        Management
      During the Year
3.6   Elect P.L. Woicke as Director Appointed   For       For        Management
      During the Year
4     Place Authorized But Unissued Shares      For       For        Management
      under Control of Directors
5     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to a Maximum of 10
      Percent of Issued Capital
6     Approve Remuneration of Directors         For       For        Management
7     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


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MTN GROUP LTD.(FORMERLY M-CELL)

Ticker:                      Security ID:  S8039R108
Meeting Date: JUN 27, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Investcom LLC by   For       For        Management
      MTN Mauritius
2     Approve Issuance of 204.3 Million New MTN For       For        Management
      Group Shares in Connection with the
      Acquisition
3     Approve Listing of New MTN Group Shares   For       For        Management
      on the Johannesburg Stock Exchange
4     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions


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NII HOLDINGS, INC.

Ticker:       NIHD           Security ID:  62913F201
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:  MAR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carolyn Katz               For       For        Management
1.2   Elect Director Donald E. Morgan           For       For        Management
1.3   Elect Director George A. Cope             For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adjourn Meeting                           For       Against    Management


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ORASCOM TELECOM  HOLDING

Ticker:                      Security ID:  M7526D107
Meeting Date: APR 30, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board Report for Fiscal Year 2005  For       Did Not    Management
                                                          Vote
2     Accept Financial Statements for Fiscal    For       Did Not    Management
      Year 2005                                           Vote
3     Accept Statutory Reports for Fiscal Year  For       Did Not    Management
      2005                                                Vote
4     Approve Allocation of Income for Fiscal   For       Did Not    Management
      Year 2005                                           Vote
5     Approve Director Indemnification for      For       Did Not    Management
      Fiscal Year 2005                                    Vote
6     Approve Bonuses and Allowances of         For       Did Not    Management
      Directors for Fiscal Year 2006                      Vote
7     Approve Auditors and Fix Their            For       Did Not    Management
      Remuneration for Fiscal Year 2006                   Vote
8     Authorize Board to Sign Third Party       For       Did Not    Management
      Contracts with Sister and Subsidiary                Vote
      Companies
9     Authorize Board to Sign Loan Contracts,   For       Did Not    Management
      Mortgage Contracts, and Issuance                    Vote
      Guarantees to Borrowers for the Company
      and Sister and Subsidiary Companies
10    Approve Donations Made in Fiscal Year     For       Did Not    Management
      2005 and Authorize Board to Make                    Vote
      Donations in Fiscal Year 2006
11    Approve Changes to Board                  For       Did Not    Management
                                                          Vote


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ORASCOM TELECOM  HOLDING

Ticker:                      Security ID:  M7526D107
Meeting Date: NOV 1, 2005    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratification of the Board of Directors'   For       Did Not    Management
      Report on the Activities of the Company             Vote
      for the First Half of the Financial Year
      Ending December 31, 2005
2     Ratification of the Auditor's Report on   For       Did Not    Management
      the Balance Sheet and Income Statement of           Vote
      the Company for First Half of the
      Financial Year ending December 31, 2005
3     Approval of the Balance Sheet and Income  For       Did Not    Management
      Statement of the Company for First Half             Vote
      of the Financial Year Ending December 31,
      2005
4     Consider the Board of Director's Proposal For       Did Not    Management
      Re: Dividend Distribution for First Half            Vote
      of the Financial Year Ending December 31,
      2005
5     Ratify Changes to the Membership of the   For       Did Not    Management
      Board of Directors of the Company and               Vote
      Reconstitution of the Board of Directors


--------------------------------------------------------------------------------

PHILIPPINE LONG DISTANCE TELEPHONE CO.

Ticker:       PHI            Security ID:  718252109
Meeting Date: JUN 13, 2006   Meeting Type: Annual
Record Date:  APR 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Audited Financial Statements for  For       For        Management
      the Period Ending Dec. 31, 2005 Contained
      in the Company's 2005 Annual Report
2.1   Elect Bienvenido F. Nebres as Director    For       For        Management
2.2   Elect Oscar S. Reyes as Director          For       For        Management
2.3   Elect Pedro E. Roxas as Director          For       For        Management
2.4   Elect Alfred Vy Ty as Director            For       For        Management
2.5   Elect Antonio O. Cojuangco as Director    For       For        Management
2.6   Elect Helen Y. Dee as Director            For       For        Management
2.7   Elect Ray C. Espinosa as Director         For       For        Management
2.8   Elect Tatsu Kono as Director              For       For        Management
2.9   Elect Napoleon L. Nazareno as Director    For       For        Management
2.10  Elect Manuel V. Pangilinan as Director    For       For        Management
2.11  Elect Corazon S. de la Paz as Director    For       For        Management
2.12  Elect Albert F. del Rosario as Director   For       For        Management
2.13  Elect Shigeru Yoshida as Director         For       For        Management


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PT INDOSAT, INDONESIAN SATELLITE CORPORATION

Ticker:                      Security ID:  Y7130D110
Meeting Date: DEC 22, 2005   Meeting Type: Special
Record Date:  DEC 6, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Deputy President Director           For       For        Management


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PT INDOSAT, INDONESIAN SATELLITE CORPORATION

Ticker:                      Security ID:  Y7130D110
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  JUN 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of IDR 154.2 Per Share
3     Approve Remuneration of Commissioners     For       For        Management
4     Approve Prasetio Sarwoko & Sandjaja as    For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration


--------------------------------------------------------------------------------

PT TELEKOMUNIKASI INDONESIA TBK

Ticker:                      Security ID:  Y71474137
Meeting Date: DEC 21, 2005   Meeting Type: Special
Record Date:  DEC 5, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles of Association             For       Against    Management
2     Authorize Share Repurchase Program        For       For        Management
3     Approve Remuneration of Directors         For       For        Management


--------------------------------------------------------------------------------

PT TELEKOMUNIKASI INDONESIA TBK

Ticker:                      Security ID:  Y71474137
Meeting Date: JUN 30, 2006   Meeting Type: Annual
Record Date:  JUN 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Annual Report                      For       For        Management
2     Approve Financial Statements and          For       For        Management
      Discharge of Directors and Commissioners
3     Approve Allocation of Income and          For       For        Management
      Dividends of IDR 152 Per Share
4     Approve Siddharta Siddharta & Widjaja as  For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Elect Commissioners                       For       For        Management
6     Approve Remuneration of Directors and     For       For        Management
      Commissioners
7     Elect Directors                           For       For        Management


--------------------------------------------------------------------------------

RBK INFORMATION SYSTEMS JSC

Ticker:                      Security ID:  75523Q102
Meeting Date: JUN 29, 2006   Meeting Type: Written Consent
Record Date:  MAY 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO APPROVE THE COMPANY S ANNUAL REPORT,   For       For        Management
      ANNUAL ACCOUNTING STATEMENT, INCLUDING A
      PROFIT AND LOSS STATEMENT (PROFIT AND
      LOSS ACCOUNTS). NOT TO PAY DIVIDENDS FOR
      2005. TO ALLOCATE THE COMPANY S NET
      PROFIT FOR COVERING PREVIOUS LOSSES.
2     TO APPROVE A NEW EDITION OF THE ARTICLES  For       Against    Management
      OF ASSOCIATION OF THE COMPANY.
3     ELECT TO THE AUDIT AND COMPLIANCE         For       For        Management
      COMMISSION: ALEXANDRA SAVCHENKO.
4     ELECT TO THE AUDIT AND COMPLIANCE         For       For        Management
      COMMISSION: TATYANA KNYAZEVA.
5     ELECT TO THE AUDIT AND COMPLIANCE         For       For        Management
      COMMISSION: ELENA ASHITKO.
6     APPROVE AS THE AUDITOR: AUDITING COMPANY  For       For        Management
      KPMG LIMITED FOR INTERNATIONAL AUDITING.
7     APPROVE AS THE AUDITOR: OOO ONLINE AUDIT  For       For        Management
      FOR AUDITING UNDER RUSSIAN STANDARDS.
8     TO APPROVE A LOAN OF 160,000 (ONE HUNDRED For       For        Management
      SIXTY THOUSAND) RUBLES FROM THE COMPANY
      TO THE AUTONOMOUS NON-PROFIT ORGANIZATION
      STEERING COMMITTEE OF THE BRAND OF THE
      YEAR AWARD, AT AN ANNUAL INTEREST RATE OF
      6% (SIX PERCENT). BENEFICIARY IS THE
      LENDER, OAO
9     TO APPROVE A LOAN OF 697,000 (SIX HUNDRED For       For        Management
      NINETY SEVEN THOUSAND) RUBLES FROM THE
      COMPANY TO OOO MERKOT, AT AN ANNUAL
      INTEREST RATE OF 6% (SIX PERCENT).
      BENEFICIARY IS THE LENDER, OAO RBC
      INFORMATION SYSTEMS.
10    TO APPROVE A LOAN OF 720,000 (SEVEN       For       For        Management
      HUNDRED TWENTY THOUSAND) RUBLES FROM THE
      COMPANY TO OOO MERKOT, AT AN ANNUAL
      INTEREST RATE OF 6% (SIX PERCENT).
      BENEFICIARY IS THE LENDER, OAO RBC
      INFORMATION SYSTEMS.
11    TO APPROVE A LOAN OF 6,500 (SIX THOUSAND  For       For        Management
      FIVE HUNDRED) RUBLES FROM THE COMPANY TO
      THE NATIONAL AWARD COMMITTEE AUTONOMOUS
      NON-PROFIT ORGANIZATION, AT AN ANNUAL
      INTEREST RATE OF 6% (SIX PERCENT).
      BENEFICIARY IS THE LENDER, OAO RBC
      INFORMATION SYSTEMS.
12    TO APPROVE A LOAN OF 240,000,000 (TWO     For       For        Management
      HUNDRED FORTY MILLION) RUBLES FROM THE
      COMPANY TO ZAO RBC HOLDING, AT AN ANNUAL
      INTEREST RATE OF 6% (SIX PERCENT).
      BENEFICIARY IS THE LENDER, OAO RBC
      INFORMATION SYSTEMS.
13    TO APPROVE A LOAN OF 154,000,000 (ONE     For       For        Management
      HUNDRED FIFTY FOUR MILLION) RUBLES FROM
      THE COMPANY TO ITS SUBSIDIARY ZAO RBC
      HOLDING, AT AN ANNUAL INTEREST RATE OF 6%
      (SIX PERCENT). BENEFICIARY IS THE LENDER,
      OAO RBC INFORMATION SYSTEMS.
14    TO APPROVE A LOAN OF 400,000 (FOUR        For       For        Management
      HUNDRED THOUSAND) RUBLES FROM THE COMPANY
      TO OOO RBC PRO, AT AN ANNUAL INTEREST
      RATE OF 6% (SIX PERCENT). BENEFICIARY IS
      THE LENDER, OAO RBC INFORMATION SYSTEMS.
15    TO APPROVE A LOAN OF 1,300,000 (ONE       For       For        Management
      MILLION THREE HUNDRED THOUSAND) RUBLES
      FROM THE COMPANY TO OOO RBC PRO, AT AN
      ANNUAL INTEREST RATE OF 6% (SIX PERCENT).
      BENEFICIARY IS THE LENDER, OAO RBC
      INFORMATION SYSTEMS.
16    TO APPROVE A LOAN OF 300,000 (THREE       For       For        Management
      HUNDRED THOUSAND) RUBLES FROM THE COMPANY
      TO OOO SMTP PRESS, AT AN ANNUAL INTEREST
      RATE OF 6% (SIX PERCENT). BENEFICIARY IS
      THE LENDER, OAO RBC INFORMATION SYSTEMS.
17    TO APPROVE A LOAN OF 11,000,000 (ELEVEN   For       For        Management
      MILLION) RUBLES FROM THE COMPANY TO OOO
      SMTP PRESS, AT AN ANNUAL INTEREST RATE OF
      6% (SIX PERCENT). BENEFICIARY IS THE
      LENDER, OAO RBC INFORMATION SYSTEMS.
18    TO APPROVE A LOAN OF 3,000,000 (THREE     For       For        Management
      MILLION) RUBLES FROM THE COMPANY TO OOO
      SMTP PRESS, AT AN ANNUAL INTEREST RATE OF
      6% (SIX PERCENT). BENEFICIARY IS THE
      LENDER, OAO RBC INFORMATION SYSTEMS.
19    TO APPROVE A LOAN OF 10,000,000 (TEN      For       For        Management
      MILLION) RUBLES FROM THE COMPANY TO OOO
      SMTP PRESS, AT AN ANNUAL INTEREST RATE OF
      6% (SIX PERCENT). BENEFICIARY IS THE
      LENDER, OAO RBC INFORMATION SYSTEMS.
20    TO APPROVE A LOAN OF 12,000,000 (TWELVE   For       For        Management
      MILLION) RUBLES FROM THE COMPANY TO OOO
      SMTP PRESS, AT AN ANNUAL INTEREST RATE OF
      6% (SIX PERCENT). BENEFICIARY IS THE
      LENDER, OAO RBC INFORMATION SYSTEMS.
21    TO APPROVE A LOAN OF 5,000,000 (FIVE      For       For        Management
      MILLION) RUBLES FROM THE COMPANY TO OOO
      SMTP PRESS, AT AN ANNUAL INTEREST RATE OF
      6% (SIX PERCENT). BENEFICIARY IS THE
22    TO APPROVE TRANSACTIONS THAT MAY BE       For       For        Management
      CONCLUDED IN FUTURE IN THE NORMAL COURSE
      OF THE COMPANY S BUSINESS BETWEEN THE
      COMPANY, ALL AS MORE FULLY DESCRIBED IN
23    TO ELECT THE COMPANY S BOARD OF           For       For        Management
      DIRECTORS.


--------------------------------------------------------------------------------

SIBIRTELECOM (FRMLY ELEKTROSVYAZ NOVOSIBIRSK)

Ticker:                      Security ID:  X78131103
Meeting Date: JUN 19, 2006   Meeting Type: Annual
Record Date:  MAY 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income
2     Approve Dividends                         For       For        Management
3.1   Elect Nikolay Arutyunov as Director       For       For        Management
3.2   Elect Konstantin Beliaev as Director      For       Against    Management
3.3   Elect Andrey Beskorovainy as Director     For       Against    Management
3.4   Elect Yury Bovkun as Director             For       Against    Management
3.5   Elect Ivan Deriabin as Director           For       Against    Management
3.6   Elect Vladimir Dudchenko as Director      For       For        Management
3.7   Elect Alexander Ermolich as Director      For       Against    Management
3.8   Elect Elena Zabuzova as Director          For       Against    Management
3.9   Elect Lola Kabilova as Director           For       Against    Management
3.10  Elect Sergey kalinin as Director          For       Against    Management
3.11  Elect Gennady Kovalenko as Director       For       Against    Management
3.12  Elect Sergey Kuznetsov as Director        For       Against    Management
3.13  Elect Yury Lepikhov as Director           For       Against    Management
3.14  Elect Andrey Morozov as Director          For       For        Management
3.15  Elect Anatoly Nikulin as Director         For       Against    Management
3.16  Elect Igor Pozhidaev as Director          For       Against    Management
3.17  Elect Igor Polovnev as Director           For       For        Management
3.18  Elect Igor Repin as Director              For       For        Management
3.19  Elect Sergey Sitnikov as Director         For       Against    Management
3.20  Elect Vladimir Statyin as Director        For       For        Management
3.21  Elect Evgeny Chechelnitsky as Director    For       Against    Management
3.22  Elect Dmitry Shtykov as Director          For       Against    Management
3.23  Elect Oleg Yastrebov as Director          For       Against    Management
4.1   Elect Natalya Vorobyeva as Member of      For       For        Management
      Audit Commission
4.2   Elect Alexey Kopyev as Member of Audit    For       For        Management
      Commission
4.3   Elect Olga Koroleva as Member of Audit    For       Against    Management
      Commission
4.4   Elect Igor Polovnev as Member of Audit    For       Against    Management
      Commission
4.5   Elect Elena Selvich as Member of Audit    For       For        Management
      Commission
4.6   Elect Vyacheslav Charkovsky as Member of  For       For        Management
      Audit Commission
4.7   Elect Alexander Shevchuk as Member of     For       For        Management
      Audit Commission
5     Ratify Auditor                            For       For        Management
6     Approve Remuneration of Directors         For       For        Management
7     Amend Charter                             For       For        Management
8     Amend Regulations on Audit Commission     For       For        Management


--------------------------------------------------------------------------------

SISTEMA JSFC

Ticker:                      Security ID:  48122U105
Meeting Date: JUN 30, 2006   Meeting Type: Annual
Record Date:  MAY 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve AGM Procedures                    For       For        Management
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends
4     Approve Remuneration of Directors         For       For        Management
5.1   Elect Alexander Goncharuk as Director     For       Abstain    Management
5.2   Elect Alexander Gorbatovskiy as Director  For       For        Management
5.3   Elect Sergey Drozdov as Director          For       Abstain    Management
5.4   Elect Vladimir Evtushenkov as Director    For       Abstain    Management
5.5   Elect Dmitry Zubov as Director            For       Abstain    Management
5.6   Elect Ron Summer as Director              For       For        Management
5.7   Elect Vyacheslav Kopiev as Director       For       Abstain    Management
5.8   Elect Alexander Leiviman as Director      For       Abstain    Management
5.9   Elect Nikolay Mikhailov as Director       For       For        Management
5.10  Elect Evgeny Novitsky as Director         For       Abstain    Management
5.11  Elect Stephan Newhouse as Director        For       For        Management
6.1   Elect Vyacheslav Inozemtsev as Member of  For       For        Management
      Audit Commission
6.2   Elect Elena Rudova as Member of Audit     For       For        Management
      Commission
6.3   Elect Vsevolod Rosanov as Member of Audit For       For        Management
      Commission
7     Ratify JSC Audit-Garantee-M as Auditor of For       For        Management
      Company's Accounts Prepared in Accordance
      with Russian Accounting Standards; Ratify
      Deloitte & Touche Regional Consulting
      Services Ltd. as Auditor of Company's
      Accounts Prepared in Accordance with U.S.
      GAAP
8     Amend Charter                             For       Against    Management
9     Approve 50:1 (Fifty New Shares for Each   For       For        Management
      Share Currently Held) Stock Split
10    Approve Regulations on Management         For       Against    Management
11    Approve Regulations on General Director   For       Against    Management
12    Approve Regulations on Remuneration of    For       For        Management
      Board of Directors
13    Amend Regulations on General Meetings     For       Against    Management


--------------------------------------------------------------------------------

SISTEMA JSFC

Ticker:                      Security ID:  48122U204
Meeting Date: JUN 30, 2006   Meeting Type: Annual
Record Date:  MAY 15, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve AGM Procedures                    For       For        Management
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends
4     Approve Remuneration of Directors         For       For        Management
5.1   Elect Alexander Goncharuk as Director     For       Abstain    Management
5.2   Elect Alexander Gorbatovskiy as Director  For       For        Management
5.3   Elect Sergey Drozdov as Director          For       Abstain    Management
5.4   Elect Vladimir Evtushenkov as Director    For       Abstain    Management
5.5   Elect Dmitry Zubov as Director            For       Abstain    Management
5.6   Elect Ron Summer as Director              For       For        Management
5.7   Elect Vyacheslav Kopiev as Director       For       Abstain    Management
5.8   Elect Alexander Leiviman as Director      For       Abstain    Management
5.9   Elect Nikolay Mikhailov as Director       For       For        Management
5.10  Elect Evgeny Novitsky as Director         For       Abstain    Management
5.11  Elect Stephan Newhouse as Director        For       For        Management
6.1   Elect Vyacheslav Inozemtsev as Member of  For       For        Management
      Audit Commission
6.2   Elect Elena Rudova as Member of Audit     For       For        Management
      Commission
6.3   Elect Vsevolod Rosanov as Member of Audit For       For        Management
      Commission
7     Ratify JSC Audit-Garantee-M as Auditor of For       For        Management
      Company's Accounts Prepared in Accordance
      with Russian Accounting Standards; Ratify
      Deloitte & Touche Regional Consulting
      Services Ltd. as Auditor of Company's
      Accounts Prepared in Accordance with U.S.
      GAAP
8     Amend Charter                             For       Against    Management
9     Approve 50:1 (Fifty New Shares for Each   For       For        Management
      Share Currently Held) Stock Split
10    Approve Regulations on Management         For       Against    Management
11    Approve Regulations on General Director   For       Against    Management
12    Approve Regulations on Remuneration of    For       For        Management
      Board of Directors
13    Amend Regulations on General Meetings     For       Against    Management


--------------------------------------------------------------------------------

SISTEMA JSFC

Ticker:                      Security ID:  48122U105
Meeting Date: OCT 21, 2005   Meeting Type: Special
Record Date:  SEP 19, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVE THE RELATED PARTY TRANSACTION     For       For        Management
      (INTEREST OF V.S. LAGUTIN, THE MEMBER OF
      BOARD OF DIRECTORS, SISTEMA JSFC) - THE
      PURCHASE CONTRACT TO BE SIGNED AT
      ALLOCATION OF ADDITIONAL GENERAL AND
      REGISTERED STOCK OF COMSTAR - JOINT
      TELESYSTEMS BETWEEN SISTEMA


--------------------------------------------------------------------------------

SK TELECOM

Ticker:       SKMTF          Security ID:  Y4935N104
Meeting Date: MAR 10, 2006   Meeting Type: Annual
Record Date:  DEC 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Appropriation of Income and       For       For        Management
      Year-End Dividend of KRW 8000 Per Share
2     Amend Articles of Incorporation to Expand For       For        Management
      Business Objectives
3     Approve Limit on Remuneration of          For       For        Management
      Directors
4     Elect Members of Audit Committee          For       For        Management


--------------------------------------------------------------------------------

TELE NORTE LESTE PARTICIPACOES (TELEMAR)

Ticker:                      Security ID:  P9036X117
Meeting Date: APR 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for Fiscal Year Ended 12-31-05
2     Approve Allocation of Income, Dividends   For       For        Management
      and Interest on Capital, and Capital
      Budget
3     Elect Members to the Board of Directors   For       For        Management
4     Elect Supervisory Board Members and       For       For        Management
      Alternates
5     Approve Remuneration of Directors and     For       For        Management
      Supervisory Board


--------------------------------------------------------------------------------

TELE NORTE LESTE PARTICIPACOES (TELEMAR)

Ticker:                      Security ID:  P9036X117
Meeting Date: APR 28, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of HiCorp             For       For        Management
      Comunicacoes Corporativas S.A.


--------------------------------------------------------------------------------

TELE NORTE LESTE PARTICIPACOES (TELEMAR)

Ticker:                      Security ID:  P9036X117
Meeting Date: MAR 30, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Accounting Adjustment for         For       For        Management
      Interest on Capital up to BRL 800 Million
      for 2006


--------------------------------------------------------------------------------

TELEKOMUNIKACJA POLSKA S.A.

Ticker:                      Security ID:  X6669J101
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:  APR 21, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Elect Members of Vote Counting Commission For       Did Not    Management
                                                          Vote
6.1   Receive Financial Statements and          None      Did Not    Management
      Management Board Report on Company's                Vote
      Operations in 2005
6.2   Receive Management Board Proposal         None      Did Not    Management
      Regarding Allocation of Income and                  Vote
      Payment of Dividends
6.3   Receive Supervisory Board Report          None      Did Not    Management
                                                          Vote
6.4   Receive Supervisory Board Evaluation of   None      Did Not    Management
      Company's Standing                                  Vote
6.5   Receive Management Board Proposal         None      Did Not    Management
      Regarding Covering of Losses from                   Vote
      Previous Years
6.6   Receive Consolidated Financial Statements None      Did Not    Management
      and Management Board Report on                      Vote
      Telekomunikacja Polska Capital Group's
      Operations in 2005
6.7   Receive Supervisory Board Report on       None      Did Not    Management
      Consolidated Financial Statements and               Vote
      Management Board Report on
      Telekomunikacja Polska Capital Group's
      Operations in 2005
6.8   Receive Report on Supervisory Board's     None      Did Not    Management
      Activities                                          Vote
7.1   Approve Management Board Report on        For       Did Not    Management
      Company's Operations in 2005                        Vote
7.2   Approve Financial Statements              For       Did Not    Management
                                                          Vote
7.3   Approve Allocation of Income and          For       Did Not    Management
      Dividends of PLN 1 Per Share                        Vote
7.4   Approve Covering of Losses from Previous  For       Did Not    Management
      Years                                               Vote
7.5   Approve Management Board Report on        For       Did Not    Management
      Telekomunikacja Polska Capital Group's              Vote
      Operations in 2005
7.6   Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
7.7   Approve Discharge of Management and       For       Did Not    Management
      Supervisory Boards                                  Vote
8.1   Approve Issuance of Convertible Bonds (as For       Did Not    Management
      Part of Incentive Plan for Key Employees)           Vote
8.2   Approve Creation of PLN 21.4 Million Pool For       Did Not    Management
      of Conditional Capital to Guarantee                 Vote
      Conversion Rights (in Connection with
      Proposed Incentive Plan)
8.3   Amend Statute Re: PLN 21.4 Million        For       Did Not    Management
      Increase in Share Capital (in Connection            Vote
      with Proposed Incentive Plan)
8.4   Receive Management Board Explanation      None      Did Not    Management
      Regarding Exclusion of Preemptive Rights            Vote
      and Means of Determining Share Issue
      Price (in Connection with Proposed
      Incentive Plan)
8.5   Disapply Preemptive Rights with Respect   For       Did Not    Management
      to Issuance of Series B Shares (in                  Vote
      Connection with Proposed Incentive Plan)
9     Elect Supervisory Board                   For       Did Not    Management
                                                          Vote
10    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TELEKOMUNIKACJA POLSKA S.A.

Ticker:                      Security ID:  X6669J101
Meeting Date: JUL 18, 2005   Meeting Type: Special
Record Date:  JUL 11, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Elect Members of Vote Counting Commission For       Did Not    Management
                                                          Vote
6     Amend Statute Re: Editorial Changes       For       Did Not    Management
                                                          Vote
7     Approve Unified Text of Statute           For       Did Not    Management
                                                          Vote
8     Accept International Accounting Standards For       Did Not    Management
      as Official Accounting Standards for                Vote
      Preparing Company's Financial Statements
9     Approve Remuneration of Supervisory Board For       Did Not    Management
                                                          Vote
10    Close Meeting                             None      Did Not    Management
                                                          Vote


--------------------------------------------------------------------------------

TELKOM SA

Ticker:                      Security ID:  S84197102
Meeting Date: OCT 21, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for Year Ended March 31, 2005
2     Approve Simultaneous Re-Appointment of    For       Against    Management
      Retiring Directors
3.1   Reelect T.F. Mosololi as Director         For       For        Management
3.2   Reelect B. du Plessis as Director         For       For        Management
3.3   Reelect P.S.C. Luthuli as Director        For       For        Management
4     Ratify Ernst & Young as Auditors          For       For        Management
5     Authorize Repurchase of Up to 20 Percent  For       For        Management
      of Issued Share Capital
6     Amend Articles of Association Re: General For       Against    Management
      Matters


--------------------------------------------------------------------------------

TRUE CORPORATION PCL (FORMERLY TELECOM ASIA CORP. PLC)

Ticker:                      Security ID:  Y3187S100
Meeting Date: APR 11, 2006   Meeting Type: Annual
Record Date:  MAR 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Accept 2005 Operation Results             For       For        Management
3     Accept Financial Statements and Statutory For       For        Management
      Reports
4     Approve Non-Allocation of Income and      For       For        Management
      Omission of Dividends
5     Elect Vitthya Vejjajiva, Kosol            For       For        Management
      Petchsuwan, Joti Bhokavanij, Dhanin
      Chearavanont, Supachai Chearavanont, and
      Lee G. Lam as Directors
6     Approve Remuneration of Directors         For                  Management
7     Approve PricewaterhouseCoopers ABAS Ltd.  For       For        Management
      as Auditors and Authorize Board to Fix
      Their Remuneration
8     Approve Issuance of 36.05 Million         For       For        Management
      Warrants to Directors, Executives of the
      Company and/or Its Subsidiaries Under the
      Employee Stock Option Plan for the Year
      2006 (ESOP 2006 Project)
9     Approve Issuance of 36.05 Million         For       For        Management
      Warrants Under the ESOP 2006 Project to
      Directors, Executives of the Company
      and/or Its Subsidiaries that are
      Allocated with More Than 5 Percent of the
      Total Number of Warrants Issued
10    Approve Reduction in Registered Capital   For       For        Management
      to Baht 42.46 Billion By Canceling 431.89
      Million Unissued Ordinary Shares
11    Amend Clause 4 of the Memorandum of       For       For        Management
      Association to Conform with the Decrease
      in Registered Capital
12    Approve Increase in Registered Capital to For       For        Management
      Baht 47.13 Billion By Issuing 467.95
      Million New Ordinary Shares
13    Amend Clause 4 of the Memorandum of       For       For        Management
      Association to Conform with the Increase
      in Registered Capital
14    Approve Allocation of 36.05 Million New   For       For        Management
      Ordinary Shares Pursuant to the ESOP 2006
      Project, and Issuance of 29.89 Million
      and 402 Million New Ordinary Shares to
      Intl. Finance Corp. and for a Private
      Placement, Respectively
15    Other Business                            For       Against    Management


--------------------------------------------------------------------------------

TRUE CORPORATION PCL (FORMERLY TELECOM ASIA CORP. PLC)

Ticker:                      Security ID:  Y3187S100
Meeting Date: DEC 13, 2005   Meeting Type: Special
Record Date:  NOV 23, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous EGM           For       For        Management
2     Approve Acquisition of Shares and         For       For        Management
      Warrants in United Broadcasting
      Corporation Public Co. Ltd. and Shares in
      MKSC World Dot Com Co., Ltd.
3     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

TRUE CORPORATION PCL (FORMERLY TELECOM ASIA CORP. PLC)

Ticker:                      Security ID:  Y3187S100
Meeting Date: JUL 15, 2005   Meeting Type: Special
Record Date:  JUN 3, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Minutes of Previous AGM           For       For        Management
2     Approve Issuance of Warrants to           For       For        Management
      Directors, Employees, and Advisors of the
      Company
3     Approve Issuance of Warrants to           For       For        Management
      Directors, Employees and Advisors
      Exceeding Five Percent of the Total
      Issuance
4     Approve Reduction in Registered Capital   For       For        Management
      to Baht 42.3 Billion
5     Amend Memorandum of Association to        For       For        Management
      Reflect Decrease in Registered Capital
6     Approve Increase in Registered Capital to For       For        Management
      Baht 46.8 Billion
7     Amend Memorandum of Association to        For       For        Management
      Reflect Increase in Registered Capital
8     Approve Allotment of New Ordinary Shares  For       For        Management
      Pursuant to the Increase of the
      Authorized Capital and Offering of 402
      Million Shares on a Private Placement
9     Other Business                            For       Against    Management


--------------------------------------------------------------------------------

URALSVYAZINFORM

Ticker:                      Security ID:  X9520A103
Meeting Date: JUN 22, 2006   Meeting Type: Annual
Record Date:  MAY 5, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income
2     Approve Dividends of RUB 0.016 Per Common For       For        Management
      Share and RUB 0.028 Per Preferred Share
3.1   Elect Vladimir Adzhalov as Director       For       For        Management
3.2   Elect Boris Antonuk as Director           For       Abstain    Management
3.3   Elect Victor Basagin as Director          For       Abstain    Management
3.4   Elect Igor Belikov as Director            For       Abstain    Management
3.5   Elect Alla Grigorieva as Director         For       Abstain    Management
3.6   Elect Vladimir Dudchenko as Director      For       For        Management
3.7   Elect Evgeny Enin as Director             For       Abstain    Management
3.8   Elect Vladimir Kozin as Director          For       Abstain    Management
3.9   Elect Sergey Konkov as Director           For       Abstain    Management
3.10  Elect Olga Koroleva as Director           For       Abstain    Management
3.11  Elect Sergey Kuznetsov as Director        For       Abstain    Management
3.12  Elect Natalya Loginova as Director        For       Abstain    Management
3.13  Elect Andrey Morozov as Director          For       For        Management
3.14  Elect Vladimir Statyin as Director        For       For        Management
3.15  Elect Lubov Timoshenko as Director        For       Abstain    Management
3.16  Elect Anatoly Ufimkin as Director         For       Abstain    Management
3.17  Elect Sergey Chernogorodsky as Director   For       Abstain    Management
3.18  Elect Evgeny Chechelnitsky as Director    For       Abstain    Management
4     Amend Charter                             For       For        Management
5     Amend Regulations on General Meetings     For       For        Management
6     Amend Regulations on Audit Commission     For       For        Management
7     Amend Regulations on Board of Directors   For       For        Management
8     Amend Regulations on Management           For       For        Management
9.1   Elect Natalya Belyakova as Member of      For       For        Management
      Audit Commission
9.2   Elect Svetlana Bocharova as Member of     For       For        Management
      Audit Commission
9.3   Elect Bogdan Golubitsky as Member of      For       For        Management
      Audit Commission
9.4   Elect Lidia Kalinina as Member of Audit   For       For        Management
      Commission
9.5   Elect Evgeny Nechaev as Member of Audit   For       For        Management
      Commission
9.6   Elect Natalya Feoktistova as Member of    For       For        Management
      Audit Commission
9.7   Elect Kirill Frolov as Member of Audit    For       For        Management
      Commission
10    Ratify Ernst & Young, LLC as Auditor      For       For        Management
11    Approve Remuneration of Directors         For       For        Management
12    Terminate Membership in Association of    For       For        Management
      Federal Business Services Network
      Operators 'Iskra'
13    Terminate Membership in Association of    For       For        Management
      Operators of Federal Cellular Network
      NMT-450
14    Terminate Membership in Association of    For       For        Management
      Operators of Electric Networks of Ural
15    Terminate Membership in Kurgan Regional   For       For        Management
      Community Organization 'Association of
      Accountants and Auditors'


--------------------------------------------------------------------------------

URBI DESARROLLOS URBANOS S ADE C V

Ticker:                      Security ID:  P9592Y103
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Subdivision of Shares             For       Against    Management
2     Amend Articles Re: Reflect Change in      For       Against    Management
      Number of Shares in Article 8 as a Result
      of Share Subdivision in Item 1
3     Accept Financial Statements and Statutory For       For        Management
      Reports
4     Elect Directors, Supervisory Board        For       For        Management
      Members, and Respective Alternates;
      Approve Their Remuneration
5     Set Aggregate Nominal Amount of Share     For       For        Management
      Repurchase Reserve
6     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting


--------------------------------------------------------------------------------

VIDESH SANCHAR NIGAM LTD.

Ticker:       VSLSF          Security ID:  Y9371X128
Meeting Date: MAR 1, 2006    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Memorandum of Association Re:       For       For        Management
      License Agreement with the Department of
      Telecommunications
2     Amend Articles of Association Re: License For       For        Management
      Agreement with the Department of
      Telecommunications


--------------------------------------------------------------------------------

VIVAX SA

Ticker:                      Security ID:  P9802C123
Meeting Date: APR 28, 2006   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends
3     Approve Remuneration of Directors         For       For        Management
4     Elect Directors to Fill Vacancies         For       For        Management
5     Amend Article 5 to Increase in Capital    For       For        Management
      from BRL 419 Million to BRL 478 Million
      through the Issuance of 2.4 Million
      Common Shares and 4.8 Million Preferred
      Shares
6     Consolidate Bylaws                        For       Against    Management


--------------------------------------------------------------------------------

VIVO PARTICIPACOES SA (FRMLY TELESP CELULAR PARTICIPACOES)

Ticker:       TCP            Security ID:  87952L108
Meeting Date: FEB 22, 2006   Meeting Type: Special
Record Date:  DEC 20, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO APPROVE THE FINANCIAL STATEMENTS OF    For       For        Management
      TELESP CELULAR PARTICIPACOES S.A. DATED
      AS OF SEPTEMBER 30, 2005.
2     TO APPROVE A CAPITAL REDUCTION FOR THE    For       For        Management
      PURPOSES OF ABSORBING THE EXISTING LOSSES
      WITH POSSIBILITY OF DISTRIBUTING
      DIVIDENDS.
3     TO APPROVE THE TERMS AND CONDITIONS OF    For       For        Management
      (I) THE MERGER, OF ALL SHARES OF TCO, IN
      ORDER TO CONVERT IT INTO A WHOLLY-OWNED
      SUBSIDIARY; AND (II) THE MERGER, INTO THE
      COMPANY, TSD, TLE AND CRTPART.
4     TO RATIFY THE APPOINTMENT OF TCO, TSD,    For       For        Management
      TLE AND CRTPART (I) THE FIRM DELOITTE
      TOUCHE TOHMATSU, FOR PREPARATION OF THE
      STATUTORY BOOK VALUE REPORT, (II) THE
      SPECIALIZED FIRM OF GOLDMAN SACHS &
      COMPANHIA, FOR THE VALUATION OF THE
      SHAREHOLDERS EQUITY AND (II
5     TO APPROVE THE REPORTS REFERRED TO IN     For       For        Management
      ITEM (D) ABOVE.
6     TO APPROVE THE EXCHANGE RATIO OF THE      For       For        Management
      SHARES ISSUED BY TCO, TSD, TLE AND
      CRTPART FOR SHARES TO BE ISSUED BY THE
      COMPANY.
7     TO APPROVE A CAPITAL INCREASE IN          For       For        Management
      CONNECTION WITH THE MERGER
8     TO CHANGE THE CORPORATE NAME OF THE       For       For        Management
      COMPANY TO VIVO PARTICIPACOES S.A.


--------------------------------------------------------------------------------

VODAFONE EGYPT LTD

Ticker:                      Security ID:  M9760T103
Meeting Date: JAN 26, 2006   Meeting Type: Annual
Record Date:  JAN 23, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividends                         For       Did Not    Management
                                                          Vote
2     Authorize Board to Sign Documents         For       Did Not    Management
      Concerning Company's Final Selling                  Vote
      Contracts


--------------------------------------------------------------------------------

VODAFONE EGYPT LTD

Ticker:                      Security ID:  M9760T103
Meeting Date: JUN 22, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Board Report for Fiscal Year Ended For       Did Not    Management
      3-31-06                                             Vote
2     Accept Statutory Report for Fiscal Year   For       Did Not    Management
      Ended 3-31-06                                       Vote
3     Accept Financial Statements for Fiscal    For       Did Not    Management
      Year Ended 3-31-06                                  Vote
4     Approve Dividends of EGP 3.00 Per share   For       Did Not    Management
      for for Fiscal Year Ended 3-31-06                   Vote
5     Ratify Auditors for Fiscal Year Ending    For       Did Not    Management
      3-31-07; Determine Auditor Remuneration             Vote
6     Approve Discharge of Board for Fiscal     For       Did Not    Management
      Year Ended 3-31-06                                  Vote
7     Elect Directors for Fiscal Year Ending    For       Did Not    Management
      3-31-07                                             Vote
8     Approve Attendance Allowances and         For       Did Not    Management
      Transportation Expenses of Directors to             Vote
      be Paid for Fiscal Year Ending 3-31-07
9     Approve Special Auditors' Report          For       Did Not    Management
      Regarding Related-Party Transactions for            Vote
      Fiscal Year Ending 3-31-07
10    Authorize Board to Make Donations         For       Did Not    Management
                                                          Vote



                                   SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.

         The Emerging Markets Telecommunications Fund, Inc.

By:      /s/ Steven Plump
         ----------------------------
         Steven Plump
         Chief Executive Officer

Date:    August 25, 2006