Edgar Filing: FIRST TRUST VALUE LINE DIVIDEND FUND

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 No. 811-21381

First Trust Value Line(R) Dividend Fund
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Exact Name of Registrant as Specified in Declaration of Trust

1001 Warrenville Road, Suite 300, Lisle, Illinois 60532
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Address of Principal Executive Offices (Number, Street, City, State, Zip Code)

W. Scott Jardine
First Trust Portfolios L.P.
1001 Warrenville Road, Suite 300
Lisle, Illinois 60532
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Name and Address (Number, Street, City, State, Zip Code) of Agent for Service

(630) 241-4141
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Registrant's Telephone Number, including Area Code

Date of fiscal year end: December 31
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Date of reporting period: July 1, 2006 - June 30, 2007
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Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington
D.C. 20549. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.

Item 1. Proxy Voting Record

AGM = Annual Meeting of Shareholders
EGM = Special Meeting of Shareholders

7/21/2006 EGM AT&T Inc T 00206R102 1 Approve Merger Agreement For For 6/1/2006 Mgmt
7/21/2006 EGM BellSouth Corp. BLS 079860102 1 Approve Merger Agreement For For 6/1/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.1 Elect Director D.H. Reilley For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.1 Elect Director Dean R. O' Hare For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.1 Elect Director Nelson Peltz For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.1 Elect Director W.R. Johnson For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.11 Elect Director L.C. Swann For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.11 Elect Director Lynn C. Swann For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.12 Elect Director T.J. Usher For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.12 Elect Director Thomas J. Usher For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.2 Elect Director C.E. Bunch For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.2 Elect Director Peter W. May For Withhld 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.3 Elect Director Edward P. Garden For Withhld 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.3 Elect Director M.C. Choksi For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.4 Elect Director Greg Norman For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.4 Elect Director L.S. Coleman, Jr. For TNA 6/8/2006 Mgmt

8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.5 Elect Director Michael F.
Weinstein For For 6/8/2006 Mgmt

8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.5 Elect Director P.H. Coors For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.6 Elect Director J.G. Drosdick For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.6 Elect Director William Johnson For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.7 Elect Director E.E. Holiday For TNA 6/8/2006 Mgmt

8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.7 Elect Director Leonard S.
Coleman For For 6/8/2006 Mgmt

8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.8 Elect Director C. Kendle For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.8 Elect Director Edith E. Holiday For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.9 Elect Director Candace Kendle For For 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 1.9 Elect Director D.R. O'Hare For TNA 6/8/2006 Mgmt

8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 2 Amend Articles/Repeal Certain
Amendments to By-Laws For For 6/8/2006 Mgmt

8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 2 Ratify Auditors For TNA 6/8/2006 Mgmt
8/16/2006 EGM H. J. Heinz Co. HNZ 423074103 3 Ratify Auditors For For 6/8/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 1 Approve Merger Agreement For For 7/3/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.1 Elect Director Robert B. Catell For For 7/3/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.1 Elect Director Vikki L. Pryor For For 7/3/2006 Mgmt

8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.2 Elect Director Andrea S.
Christensen For For 7/3/2006 Mgmt

8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.3 Elect Director Robert J. Fani For For 7/3/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.4 Elect Director Alan H. Fishman For For 7/3/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.5 Elect Director James R. Jones For For 7/3/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.6 Elect Director James L. Larocca For For 7/3/2006 Mgmt
8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.7 Elect Director Gloria C. Larson For For 7/3/2006 Mgmt

8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.8 Elect Director Stephen W.
Mckessy For For 7/3/2006 Mgmt

8/17/2006 AGM KeySpan Corporation KSE 49337W100 2.9 Elect Director Edward D. Miller For For 7/3/2006 Mgmt

8/17/2006 AGM KeySpan Corporation KSE 49337W100 3 Ratify Auditors For For 7/3/2006 Mgmt

8/17/2006 AGM KeySpan Corporation KSE 49337W100 4 Adopt Simple Majority Vote
Requirement Against For 7/3/2006 ShrHoldr

8/17/2006 AGM The J. M. Smucker Co. SJM 832696405 1.1 Elect Director Paul J. Dolan For For 6/19/2006 Mgmt
8/17/2006 AGM The J. M. Smucker Co. SJM 832696405 1.2 Elect Director Nancy Lopez For For 6/19/2006 Mgmt
8/17/2006 AGM The J. M. Smucker Co. SJM 832696405 1.3 Elect Director Gary A. Oatey For For 6/19/2006 Mgmt
8/17/2006 AGM The J. M. Smucker Co. SJM 832696405 1.4 Elect Director Timothy P.Smucker For For 6/19/2006 Mgmt
8/17/2006 AGM The J. M. Smucker Co. SJM 832696405 2 Ratify Auditors For For 6/19/2006 Mgmt
8/17/2006 AGM The J. M. Smucker Co. SJM 832696405 3 Approve Omnibus Stock Plan For For 6/19/2006 Mgmt

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8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 2 Adjourn Meeting For Against 7/7/2006 Mgmt

8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 3.1 Elect Director Josiah Austin For For 7/7/2006 Mgmt

8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 3.2 Elect Director Karen Garrison For For 7/7/2006 Mgmt

8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 3.3 Elect Director John Adam Kanas For For 7/7/2006 Mgmt

8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 3.4 Elect Director Raymond A.
Nielsen For For 7/7/2006 Mgmt

8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 3.5 Elect Director A. Robert Towbin For For 7/7/2006 Mgmt

8/22/2006 AGM North Fork
Bancorporation, Inc. NFB 659424105 4 Ratify Auditors For For 7/7/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 1 Approve Merger Agreement For For 6/23/2006 Mgmt
8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.1 Elect Director B. Wayne Hughes For Withhld 6/23/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.1 Elect Director Daniel C. Staton For For 6/23/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.2 Elect Director Ronald L.
Havner, Jr. For For 6/23/2006 Mgmt
8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.3 Elect Director Harvey Lenkin For For 6/23/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.4 Elect Director Robert J.
Abernethy For For 6/23/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.5 Elect Director Dann V. Angeloff For For 6/23/2006 Mgmt
8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.6 Elect Director William C. Baker For For 6/23/2006 Mgmt
8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.7 Elect Director John T. Evans For For 6/23/2006 Mgmt
8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.8 Elect Director Uri P. Harkham For For 6/23/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 2.9 Elect Director B. Wayne
Hughes, Jr. For Withhld 6/23/2006 Mgmt

8/22/2006 AGM Public Storage, Inc. PSA 74460D109 3 Ratify Auditors For For 6/23/2006 Mgmt
8/22/2006 AGM Public Storage, Inc. PSA 74460D109 4 Adjourn Meeting For For 6/23/2006 Mgmt

8/31/2006 EGM Wachovia Corp. WB 929903102 1 Issue Shares in Connection with
an Acquisition For For 7/11/2006 Mgmt

8/31/2006 EGM Wachovia Corp. WB 929903102 2 Amend Omnibus Stock Plan For For 7/11/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.1 Elect Director Barbara T.
Alexander For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.1 Elect Director Jeffrey M. Peek For For 6/30/2006 Mgmt
9/8/2006 AGM Freddie Mac FRE 313400301 1.11 Elect Director Ronald F. Poe For For 6/30/2006 Mgmt
9/8/2006 AGM Freddie Mac FRE 313400301 1.12 Elect Director Stephen A. Ross For For 6/30/2006 Mgmt
9/8/2006 AGM Freddie Mac FRE 313400301 1.13 Elect Director Richard F. Syron For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.2 Elect Director Geoffrey T.
Boisi For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.3 Elect Director Michelle Engler For For 6/30/2006 Mgmt
9/8/2006 AGM Freddie Mac FRE 313400301 1.4 Elect Director Robert R. Glauber For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.5 Elect Director Richard Karl
Goeltz For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.6 Elect Director Thomas S. Johnson For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.7 Elect Director William M.
Lewis, Jr. For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 1.8 Elect Director Eugene M. McQuade For For 6/30/2006 Mgmt
9/8/2006 AGM Freddie Mac FRE 313400301 1.9 Elect Director Shaun F. O'Malley For For 6/30/2006 Mgmt
9/8/2006 AGM Freddie Mac FRE 313400301 2 Ratify Auditors For For 6/30/2006 Mgmt

9/8/2006 AGM Freddie Mac FRE 313400301 3 Report on Charitable
Contributions Against Against 6/30/2006 ShrHldr

9/25/2006 AGM General Mills, Inc. GIS 370334104 1.1 Elect Director Paul Danos For For 7/27/2006 Mgmt
9/25/2006 AGM General Mills, Inc. GIS 370334104 1.1 Elect Director Robert L. Ryan For For 7/27/2006 Mgmt
9/25/2006 AGM General Mills, Inc. GIS 370334104 1.11 Elect Director Stephen W. Sanger For For 7/27/2006 Mgmt
9/25/2006 AGM General Mills, Inc. GIS 370334104 1.12 Elect Director A. Michael Spence For For 7/27/2006 Mgmt
9/25/2006 AGM General Mills, Inc. GIS 370334104 1.13 Elect Director Dorothy A.
Terrell For For 7/27/2006 Mgmt
9/25/2006 AGM General Mills, Inc. GIS 370334104 1.2 Elect Director William T. Esrey For For 7/27/2006 Mgmt

9/25/2006 AGM General Mills, Inc. GIS 370334104 1.3 Elect Director Raymond V.
Gilmartin For For 7/27/2006 Mgmt

9/25/2006 AGM General Mills, Inc. GIS 370334104 1.4 Elect Director Judith Richards
Hope For For 7/27/2006 Mgmt

9/25/2006 AGM General Mills, Inc. GIS 370334104 1.5 Elect Director Heidi G. Miller For For 7/27/2006 Mgmt

9/25/2006 AGM General Mills, Inc. GIS 370334104 1.6 Elect Director H. Ochoa-
Brillembourg For For 7/27/2006 Mgmt

9/25/2006 AGM General Mills, Inc. GIS 370334104 1.7 Elect Director Steve Odland For For 7/27/2006 Mgmt
9/25/2006 AGM General Mills, Inc. GIS 370334104 1.8 Elect Director Kendall J. Powell For For 7/27/2006 Mgmt

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9/25/2006 AGM General Mills, Inc. GIS 370334104 3 Approve Non-Employee Director
Stock Option Plan For For 7/27/2006 Mgmt

9/25/2006 AGM General Mills, Inc. GIS 370334104 4 Label Genetically Modified
Ingredients Against Against 7/27/2006 ShrHldr

9/28/2006 AGM Conagra Foods Inc. CAG 205887102 1.1 Elect Director David H.
Batchelder For For 7/31/2006 Mgmt

9/28/2006 AGM Conagra Foods Inc. CAG 205887102 1.2 Elect Director Steven F.
Goldstone For For 7/31/2006 Mgmt

9/28/2006 AGM Conagra Foods Inc. CAG 205887102 1.3 Elect Director Mark H.
Rauenhorst For For 7/31/2006 Mgmt

9/28/2006 AGM Conagra Foods Inc. CAG 205887102 1.4 Elect Director Gary M. Rodkin For For 7/31/2006 Mgmt
9/28/2006 AGM Conagra Foods Inc. CAG 205887102 2 Approve Omnibus Stock Plan For For 7/31/2006 Mgmt
9/28/2006 AGM Conagra Foods Inc. CAG 205887102 3 Ratify Auditors For For 7/31/2006 Mgmt
10/3/2006 EGM AmSouth Bancorporation ASO 032165102 1 Approve Merger Agreement For For 8/14/2006 Mgmt
10/3/2006 EGM AmSouth Bancorporation ASO 032165102 2 Adjourn Meeting For For 8/14/2006 Mgmt
10/3/2006 EGM Regions Financial Corp. RF 7591EP100 1 Approve Merger Agreement For For 8/14/2006 Mgmt
10/3/2006 EGM Regions Financial Corp. RF 7591EP100 2 Adjourn Meeting For For 8/14/2006 Mgmt

10/5/2006 AGM Telecom Corporation Of
New Zealand Limited TEL 879278208 1 TO AUTHORISE THE DIRECTORS TO
FIX THE REMUNERATION OF THE
AUDITORS. For For 8/29/2006 Mgmt

10/5/2006 AGM Telecom Corporation
Of New Zealand Limited TEL 879278208 2 TO RE-ELECT MR. MCLEOD AS A
DIRECTOR. For For 8/29/2006 Mgmt

10/5/2006 AGM Telecom Corporation
Of New Zealand Limited TEL 879278208 3 TO RE-ELECT MR. MCGEOCH AS A
DIRECTOR. For For 8/29/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 1.1 Elect Director Norman R.
Augustine For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 1.2 Elect Director A.G. Lafley For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 1.3 Elect Director Johnathan A.
Rodgers For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 1.4 Elect Director John F.
Smith, Jr. For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 1.5 Elect Director Margaret C.
Whitman For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 2 Approve Decrease in Size
of Board For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 3 Ratify Auditors For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 4 Amend Omnibus Stock Plan For For 8/11/2006 Mgmt

10/10/2006 AGM The Procter & Gamble Co. PG 742718109 5 Put Repricing of Stock Options
to Shareholder Vote Against Against 8/11/2006 ShrHldr

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.1 Elect Director Dennis R. Hendrix For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.1 Elect Director Roger Agnelli For Withhold 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.11 Elect Director Michael E.J.
Phelps For Withhold 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.12 Elect Director James T. Rhodes For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.13 Elect Director James E. Rogers For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.14 Elect Director Mary L. Schapiro For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.15 Elect Director Dudley S. Taft For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.2 Elect Director Paul M. Anderson For For 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.3 Elect Director William
Barnet, III For For 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.4 Elect Director G. Alex
Bernhardt, Sr. For For 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.5 Elect Director Michael G.
Browning For For 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.6 Elect Director Phillip R. Cox For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.7 Elect Director William T. Esrey For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.8 Elect Director Ann Maynard Gray For For 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 1.9 Elect Director James H.
Hance, Jr. For For 8/25/2006 Mgmt

10/24/2006 AGM Duke Energy Corp. DUK 26441C105 2 Approve Omnibus Stock Plan For For 8/25/2006 Mgmt
10/24/2006 AGM Duke Energy Corp. DUK 26441C105 3 Ratify Auditors For For 8/25/2006 Mgmt
10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.1 Elect Director Brenda C. Barnes For For 9/1/2006 Mgmt
10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.1 Elect Director Sir Ian Prosser For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.11 Elect Director Rozanne L.
Ridgway For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.12 Elect Director Jonathan P. Ward For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.2 Elect Director J.T.
Battenberg, III For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.3 Elect Director Christopher B.
Begley For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.4 Elect Director Cynthia B.
Carroll For For 9/1/2006 Mgmt

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10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.8 Elect Director Laurette T.
Koellner For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 1.9 Elect Director Cornelis J.A.
Van Lede For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 2 Ratify Auditors For For 9/1/2006 Mgmt

10/26/2006 AGM Sara Lee Corp. SLE 803111103 3 Separate Chairman and
CEO Positions Against For 9/1/2006 ShrHldr

10/26/2006 AGM Sara Lee Corp. SLE 803111103 4 Approve Report of the
Compensation Committee Against For 9/1/2006 ShrHldr

11/10/2006 AGM SYSCO Corporation SYY 871829107 1.1 Elect Director Jonathan Golden For For 9/12/2006 Mgmt

11/10/2006 AGM SYSCO Corporation SYY 871829107 1.2 Elect Director Joseph A.
Hafner, Jr. For For 9/12/2006 Mgmt

11/10/2006 AGM SYSCO Corporation SYY 871829107 1.3 Elect Director Nancy S. Newcomb For For 9/12/2006 Mgmt

11/10/2006 AGM SYSCO Corporation SYY 871829107 1.4 Elect Director Richard J.
Schnieders For For 9/12/2006 Mgmt

11/10/2006 AGM SYSCO Corporation SYY 871829107 1.5 Elect Director Manuel A. Fernandez For For 9/12/2006 Mgmt

11/10/2006 AGM SYSCO Corporation SYY 871829107 2 Ratify Auditors For For 9/12/2006 Mgmt

11/10/2006 AGM SYSCO Corporation SYY 871829107 3 Require a Majority Vote for the
Election of Directors For 9/12/2006 ShrHldr

11/15/2006 AGM The Clorox Company CLX 189054109 1 Elect Director Daniel Boggan, Jr. For For 9/19/2006 Mgmt
11/15/2006 AGM The Clorox Company CLX 189054109 2 Elect Director Tully M. Friedman For For 9/19/2006 Mgmt
11/15/2006 AGM The Clorox Company CLX 189054109 3 Elect Director George J. Harad For For 9/19/2006 Mgmt
11/15/2006 AGM The Clorox Company CLX 189054109 4 Elect Director Donald R. Knauss For For 9/19/2006 Mgmt

11/15/2006 AGM The Clorox Company CLX 189054109 5 Elect Director Robert W.
Matschullat For For 9/19/2006 Mgmt

11/15/2006 AGM The Clorox Company CLX 189054109 6 Elect Director Gary G. Michael For For 9/19/2006 Mgmt
11/15/2006 AGM The Clorox Company CLX 189054109 7 Elect Director Jan L. Murley For For 9/19/2006 Mgmt
11/15/2006 AGM The Clorox Company CLX 189054109 8 Elect Director Michael E. Shannon For For 9/19/2006 Mgmt

11/15/2006 AGM The Clorox Company CLX 189054109 9 Elect Director Pamela
Thomas-Graham For For 9/19/2006 Mgmt

11/15/2006 AGM The Clorox Company CLX 189054109 10 Elect Director Carolyn M. Ticknor For For 9/19/2006 Mgmt

11/15/2006 AGM The Clorox Company CLX 189054109 11 Ratify Auditors For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.1 Elect Director Edmund M. Carpenter For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.1 Elect Director Sara Mathew For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.11 Elect Director David C. Patterson For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.12 Elect Director Charles R. Perrin For For 9/19/2006 Mgmt
11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.13 Elect Director A. Barry Rand For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.14 Elect Director George
Strawbridge, Jr. For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.15 Elect Director Les C. Vinney For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.16 Elect Director Charlotte C. Weber For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.2 Elect Director Paul R. Charron For For 9/19/2006 Mgmt
11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.3 Elect Director Douglas R. Conant For For 9/19/2006 Mgmt
11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.4 Elect Director Bennett Dorrance For For 9/19/2006 Mgmt
11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.5 Elect Director Kent B. Foster For For 9/19/2006 Mgmt
11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.6 Elect Director Harvey Golub For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.7 Elect Director Randall W.
Larrimore For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.8 Elect Director Philip E.
Lippincott For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 1.9 Elect Director Mary Alice D.
Malone For For 9/19/2006 Mgmt

11/16/2006 AGM Campbell Soup Co. CPB 134429109 2 Ratify Auditors For For
9/19/2006 Mgmt
11/16/2006 AGM Campbell Soup Co. CPB 134429109 3 Sustainability Report Against For 9/19/2006 ShrHldr

11/20/2006 AGM Lancaster Colony Corp. LANC 513847103 1.1 Elect Director James B. Bachmann For For 9/22/2006 Mgmt
11/20/2006 AGM Lancaster Colony Corp. LANC 513847103 1.2 Elect Director Neeli Bendapudi For For 9/22/2006 Mgmt

11/20/2006 AGM Lancaster Colony Corp. LANC 513847103 1.3 Elect Director Robert S. Hamilton For For 9/22/2006 Mgmt

11/20/2006 AGM Lancaster Colony Corp. LANC 513847103 2 Ratify Auditors For For 9/22/2006 Mgmt

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12/6/2006 EGM WPS Resources Corp. TEG 92931B106 1 Issue Shares in Connection
with an Acquisition For For 10/16/2006 Mgmt

12/6/2006 EGM WPS Resources Corp. TEG 92931B106 2 Change Company Name from WPS
Resources Corp. to
INTEGRYS ENERGY GROUP, INC. For For 10/16/2006 Mgmt

12/6/2006 EGM WPS Resources Corp. TEG 92931B106 3 Adjourn Meeting For For 10/16/2006 Mgmt
12/8/2006 AGM Constellation Energy
Group, Inc. CEG 210371100 1.1 Elect Director Douglas L. Becker For For 10/27/2006 Mgmt

12/8/2006 AGM Constellation Energy
Group, Inc. CEG 210371100 1.2 Elect Director Edward A. Crooke For For 10/27/2006 Mgmt

12/8/2006 AGM Constellation Energy
Group, Inc. CEG 210371100 1.3 Elect Director Mayo A.
Shattuck III For For 10/27/2006 Mgmt

12/8/2006 AGM Constellation Energy
Group, Inc. CEG 210371100 1.4 Elect Director Michael D. Sullivan For For 10/27/2006 Mgmt

12/8/2006 AGM Constellation Energy
Group, Inc. CEG 210371100 2 Ratify Auditors For For 10/27/2006 Mgmt

12/8/2006 AGM Constellation Energy
Group, Inc. CEG 210371100 3 Declassify the Board of Directors For 10/27/2006 ShrHldr

12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.1 Elect Director Paul R. Tregurtha For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.1 Elect Director Sherry S. Barrat For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.2 Elect Director Robert M. Beall, II For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.3 Elect Director J. Hyatt Brown For Withhld 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.4 Elect Director James L. Camaren For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.5 Elect Director J. Brian Ferguson For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.6 Elect Director Lewis Hay, III For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.7 Elect Director Rudy E. Schupp For For 10/25/2006 Mgmt
12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.8 Elect Director Michael H. Thaman For For 10/25/2006 Mgmt

12/15/2006 AGM FPL Group, Inc. FPL 302571104 1.9 Elect Director Hansel E.
Tookes, II For For 10/25/2006 Mgmt

12/15/2006 AGM FPL Group, Inc. FPL 302571104 2 Ratify Auditors For For 10/25/2006 Mgmt

1/23/2007 AGM Capitol Federal Financial CFFN 14057C106 1.1 Elect Director John B. Dicus For For 12/1/2006 Mgmt

1/23/2007 AGM Capitol Federal Financial CFFN 14057C106 1.2 Elect Director Jeffrey R.
Thompson For For 12/1/2006 Mgmt

1/23/2007 AGM Capitol Federal Financial CFFN 14057C106 2 Ratify Auditors For For 12/1/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 1.1 Elect Director Lawrence R. Codey For For 12/6/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 1.2 Elect Director Laurence M. Downes For For 12/6/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 1.3 Elect Director Alfred C. Koeppe For For 12/6/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 1.4 Elect Director William H. Turner For For 12/6/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 1.5 Elect Director Jane M. Kenny For For 12/6/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 2 Approve Omnibus Stock Plan For For 12/6/2006 Mgmt
1/24/2007 AGM New Jersey Resources Corp. NJR 646025106 3 Ratify Auditors For For 12/6/2006 Mgmt

1/25/2007 AGM Air Products &
Chemicals, Inc. APD 009158106 1.1 Elect Director William L.
Davis III For For 11/30/2006 Mgmt

1/25/2007 AGM Air Products &
Chemicals, Inc. APD 009158106 1.2 Elect Director W. Douglas Ford For For 11/30/2006 Mgmt

1/25/2007 AGM Air Products &
Chemicals, Inc. APD 009158106 1.3 Elect Director Evert Henkes For For 11/30/2006 Mgmt

1/25/2007 AGM Air Products &
Chemicals, Inc. APD 009158106 1.4 Elect Director Margaret G.
Mcglynn For Withhold 11/30/2006 Mgmt

1/25/2007 AGM Air Products &
Chemicals, Inc. APD 009158106 2 Ratify Auditors For For 11/30/2006 Mgmt

1/25/2007 AGM Washington Federal, Inc. WFSL 938824109 1.1 Elect Director Derek L. Chinn For For 11/24/2006 Mgmt

1/25/2007 AGM Washington Federal, Inc. WFSL 938824109 1.2 Elect Director Thomas J. Kelley For For 11/24/2006 Mgmt

1/25/2007 AGM Washington Federal, Inc. WFSL 938824109 1.3 Elect Director Barbara L. Smith For For 11/24/2006 Mgmt

1/25/2007 AGM Washington Federal, Inc. WFSL 938824109 2 Ratify Auditors For For 11/24/2006 Mgmt

2/6/2007 AGM Emerson Electric Co. EMR 291011104 1.1 Elect Director C. Fernandez G For Withhold 11/28/2006 Mgmt
2/6/2007 AGM Emerson Electric Co. EMR 291011104 1.2 Elect Director W. J. Galvin For For 11/28/2006 Mgmt
2/6/2007 AGM Emerson Electric Co. EMR 291011104 1.3 Elect Director R. L. Ridgway For For 11/28/2006 Mgmt
2/6/2007 AGM Emerson Electric Co. EMR 291011104 1.4 Elect Director R. L. Stephenson For For 11/28/2006 Mgmt
2/6/2007 AGM Emerson Electric Co. EMR 291011104 2 Ratify Auditors For For 11/28/2006 Mgmt
2/7/2007 AGM Atmos Energy Corp. ATO 049560105 1.1 Elect Director Robert W. Best For Withhold 12/11/2006 Mgmt
2/7/2007 AGM Atmos Energy Corp. ATO 049560105 1.2 Elect Director Thomas J. Garland For For 12/11/2006 Mgmt
2/7/2007 AGM Atmos Energy Corp. ATO 049560105 1.3 Elect Director Phillip E. Nichol For For 12/11/2006 Mgmt
2/7/2007 AGM Atmos Energy Corp. ATO 049560105 1.4 Elect Director Charles K. Vaughan For Withhold 12/11/2006 Mgmt
2/7/2007 AGM Atmos Energy Corp. ATO 049560105 2 Amend Omnibus Stock Plan For For 12/11/2006 Mgmt

2/7/2007 AGM Atmos Energy Corp. ATO 049560105 3 Approve/Amend Executive Incentive
Bonus Plan For For 12/11/2006 Mgmt

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AGENDA
MEETING MEETING SECURITY ITEM MGMT VOTE RECORD
DATE TYPE COMPANY TICKER ID NUMBER AGENDA ITEM REC CAST DATE PROPONENT
-------- ------- --------------------- ------ --------- ------ ------------------------ ---- ---- ----- ---------
2/8/2007 AGM Hillenbrand Inds, Inc. HB 431573104 1.1 Elect Director Ray J. Hillenbrand For For 12/15/2006 Mgmt
2/8/2007 AGM Hillenbrand Inds, Inc. HB 431573104 1.2 Elect Director Mark D. Ketchum For For 12/15/2006 Mgmt
2/8/2007 AGM Hillenbrand Inds, Inc. HB 431573104 1.3 Elect Director Peter H. Soderberg For For 12/15/2006 Mgmt
2/8/2007 AGM Hillenbrand Inds, Inc. HB 431573104 2 Ratify Auditors For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.1 Elect Director J.W. Stratton For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.2 Elect Director S.D. Ban For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.3 Elect Director R.C. Gozon For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.4 Elect Director L.R. Greenberg For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.5 Elect Director M.O. Schlanger For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.6 Elect Director A. Pol For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.7 Elect Director E.E. Jones For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.8 Elect Director J.L. Walsh For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 1.9 Elect Director R.B. Vincent For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 2 Amend Omnibus Stock Plan For For 12/15/2006 Mgmt
2/27/2007 AGM UGI Corp. UGI 902681105 3 Ratify Auditors For For 12/15/2006 Mgmt

-6-

SIGNATURES

[See General Instruction F]

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.

(Registrant) FIRST TRUST VALUE LINE(R) DIVIDEND FUND
---------------------------------------

By (Signature and Title)* /s/ James A. Bowen
-----------------------------------
James A. Bowen, President

Date August 31, 2007
-------------------------

* Print the name and title of each signing officer under his or her signature.

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