UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
Investment Company Act File No. 811-09235
First Trust/Fiduciary Asset Management Covered Call 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, 2004 - June 30, 2005
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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. Section 3507.
Item 1. Proxy Voting Record
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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3/1/2005 Intl. Game IGT 459902102
Technology
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Ratify Auditors For For Mgmt
3/10/2005 Tyco Intl. Ltd. TYC 902124106
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
Harrah's
3/11/2005 Entertainment HET 413619107
1 Issue Shares in For For Mgmt
Connection with
Acquisition
2 Increase Authorized For For Mgmt
Common Stock
3/23/2005 Applied Materials AMAT 038222105
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3/29/2005 Lennar LEN 526057104
1 Elect Directors For For Mgmt
2 Report on Greenhouse Gas Against Against Shareholder
Emissions
4/6/2005 Goldman Sachs Group GS 38141G104
1 Approve Directors For For Mgmt
2 Approve Amdmts to For For Mgmt
Restated Certif. of
Incor. To Provide for
Annl. Election of
Directors
3 Ratify Auditors For For Mgmt
4/13/2005 Caterpillar CAT 149123101
1 Approve Directors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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2 Ratify Auditors For For Mgmt
3 Shareholder Prop.-Rights Against For Shareholder
Plan
4 Shareholder Prop.-Code of Against Against Shareholder
Conduct
5 Shareholder Prop.-Global Against Against Shareholder
Pandemics
6 Shareholder Against For Shareholder
Prop.-Director Election
4/14/2005 Genentech GNE 368710307
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
4/30/2005 Harley Davidson HDI 412822108
1 Approve Directors For Withhold Mgmt
2 Approve Employee For For Mgmt
Short-Term Incen. Plan
3 Ratify Auditors For For Mgmt
4/13/2005 United Technologies UTX 913017109
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve 2005 Long-Term For For Mgmt
Incen Plan
4 Shareholder Against Against Shareholder
Prop.-Disclose Exec Compen
5 Shareholder Prop.-Ethical Against Against Shareholder
Criteria for Mil Contr
6 Shareholder Prop.-CEO Against Against Shareholder
Compensation
4/19/2005 Washington Mutual WM 939322103
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
4/19/2005 Citigroup C 172967101
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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3 Approve Amended '99 Stock For For Mgmt
Incen. Plan
4 Shareholder Prop.-Request Against Against Shareholder
Curb on Exec Comp
5 Shareholder Prop.-Report Against Against Shareholder
on Political Contrib
6 Shareholder Against Against Shareholder
Prop.-Chairman of Board
Have No Management Duties
7 Shareholder Prop.-CEO Against Against Shareholder
Compensation Be Limited
to No More Than 100x
Average Non-Managerial
Comp.
8 Shareholder Prop.-Elec. Against For Shareholder
Of Dir. Nom. By Majority
of Votes Cast
9 Shareholder Prop.-Bylaw Against Against Shareholder
Amdmt Re Non-Deduc.
Compensation
10 Shareholder Prop.-Simple Against For Shareholder
Majority Vote on Each
Shareholder Vote
4/19/2005 Wachovia WB 929903102
1 Approve Directors For For Mgmt
2 Approve Auditors For Against Mgmt
4/22/2005 Alcoa AA 013817101
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
4/21/2005 Alltel AT 020039103 For
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
4/27/2005 American Express AXP 025816109
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop. Re Against Against Shareholder
Stock Options
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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4 Shareholder Prop. Re Against Against Shareholder
Separate Annual Rpt. Of
Company's Political
Contributions
4/27/2005 Bank of America BAC 060505104
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop. Re Against Against Shareholder
Political Contributions
4 Shareholder Prop. Re Against Against Shareholder
Nomination of Directors
4/28/2005 Broadcom BRCM 111320107
1 Approve Directors For For Mgmt
2 Approve Amended & For Against Mgmt
Restated '98 Stock Incen.
Plan
3 Ratify Auditors For For Mgmt
4 Consider Shareholder Against Against Shareholder
Prop. If Properly
Presented at Annual
Meeting
4/27/2005 General Electric GE 369604103
A Approve Directors For For Mgmt
B Ratify Auditors For For Mgmt
1 Cumulative Voting Against For Shareholder
2 Report on Nuclear Risk Against Against Shareholder
3 Report on PCB Cleanup Against Against Shareholder
Costs
4 Curb Over-Extended Against Against Shareholder
Directors
5 Report on Sustainability Against Against Shareholder
6 Disclose Political Against Against Shareholder
Contributions
7 Animal Testing Against Against Shareholder
Harrah's
4/28/2005 Entertainment HET 413619107
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
4/22/2005 Merrill Lynch MER 590188108
1 Approve Directors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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2 Ratify Auditors For For Mgmt
3 Approve Director Stock For For Mgmt
Unit Plan
4 Institute Cumulative Against For Shareholder
Voting
5 Limit CEO Compensation Against Against Shareholder
4/28/2005 Pfizer PFE 717081103
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop. Re Against Against Shareholder
Director Term Limits
4 Shareholder Prop. Re Against Against Shareholder
Requesting Report on
Increasing Access to
Pfizer Products
5 Shareholder Prop. Re Against Against Shareholder
Importation of
Prescription Drugs
6 Shareholder Prop. Re Against Against Shareholder
Political Contributions
7 Shareholder Prop. Re Against Against Shareholder
Product Availability in
Canada
8 Shareholder Prop. Re Against Against Shareholder
Separate Chairman/CEO
4/21/2005 Texas Instruments TXN 882508104
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Board Prop, To Approve For For Mgmt
'05 Employees Stock
Purchase Plan
4 Board Prop. To Reapprove For For Mgmt
Material Terms of the
Performance Goals under
'00 Long-Term Incen. Plan
4/26/2005 U.S. Steel X 912909108
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve '05 Stock For For Mgmt
Incentive Plan
4 Approve '05 Annl. Incen. For For Mgmt
Compen. Plan
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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5/4/2005 General Dynamics GD 369550108
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop Re Against Against Shareholder
Future Severance
Agreements
4 Shareholder Prop Re Against Against Shareholder
Foreign Military Sales
5/2/2005 MBNA Corp KRB 55262L100
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Proposal Re Against Against Shareholder
Stock Option Expensing
4 Shareholder Proposal Re Against Against Shareholder
Performance-Based Vesting
of Restricted Stock
5/3/2005 Unitedhealth Group UNH 91324P102
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop Re Against Against Shareholder
Perf-Vesting Shares
4 Shareholder Prop Re Against Against Shareholder
Perf-Based Options
Verizon
5/5/2005 Communications VZ 92343V104
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Cumulative Voting Against For Shareholder
4 Majority Vote for Against For Shareholder
Election of Directors
5 Board Composition Against Against Shareholder
6 Separate Chairman/CEO Against Against Shareholder
Positions
7 Directors' Liability Against Against Shareholder
8 Report on Political Against Against Shareholder
Contributions
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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5/2/2005 Zimmer Holdings ZMH 98956P102
1 Approve Directors For For Mgmt
2 Amdmt to Teamshare Stock For For Mgmt
Option Plan
3 Ratify Auditors For For Mgmt
4 Shareholder Prop Re Against Against Shareholder
Auditor Independence
5/11/2005 Amgen AMGN 031162100
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3A Shareholder Prop Re Against Against Shareholder
InVitro Testing
3B Shareholder Prop Re Exec Against Against Shareholder
Compensation
3C Shareholder Prop Re Stock Against Against Shareholder
Retention
5/10/2005 Boston Scientific BSX 101137107
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop Re Against For Shareholder
Require Majority Voting
for Election of Directors
5/12/2005 CVS Corp CVS 126650100
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop Re Against For Shareholder
Election of Directors
4 Shareholder Prop Re Perf. Against Against Shareholder
& Time-Based Restricted
Shares
5 Shareholder Prop Re Against Against Shareholder
Non-Deduc Exec Compen
5/11/2005 Eastman Kodak EK 277461109
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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3 Approve '05 Omnibus For For Mgmt
Long-Term Compen Plan
4 Approve Amended Exec For For Mgmt
Compen for Excellence &
Leadership Plan
5 Approve Amdmt to Sect 5 For For Mgmt
of Certif of Incor Re
Directors' Election
6 Approval of Amdmt to Sect For For Mgmt
7 of Certif of Incor Re
Certain Dispositions of
the Company
7 Approval of Amdmt to Sect For For Mgmt
8 of Certif of Incor Re
Removing Provision
Concerning Loans
5/11/2005 First Data FDC 319963104
1 Approve Directors For For Mgmt
2 Approve Increase in For For Mgmt
Shares of Common Stock
3 Approve Amdmts to Sr Exec For For Mgmt
Incen Plan
4 Ratify Auditors For For Mgmt
5 Shareholder Prop Re Job Against Against Shareholder
Loss & Dislocation Impact
Stmt
6 Shareholder Prop Re Against Against Shareholder
Director Liability
5/10/2005 Kinder Morgan KMI 49455P101
1 Approve Directors For For Mgmt
2 Amend Restated Artic of For For Mgmt
Incor to Increase Common
Stock
3 Approve '05 Annual Incen For For Mgmt
Plan
4 Approve Non-Employee For For Mgmt
Directors Stock Awds Plan
5 Ratify Auditors For For Mgmt
5/12/2005 MGIC Investment MTG 552848103
1 Approve Directors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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2 Approve Amdmts to '02 For For Mgmt
Stock Incentive Plan
3 Approve Perf. Formula for For For Mgmt
Maximum Annual Bonus Awds
4 Ratify Auditors For For Mgmt
5/12/2005 Nucor NUE 670346105
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Amdmt to Certif For For Mgmt
of Incor to Increase
Common Shares
4 Approve '05 Stock Option For For Mgmt
& Award Plan
5/10/2005 Quest Diagnostics DGX 74834l100
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Amended Employee For For Mgmt
Long-Term Incen Plan
4 Approve Amended Director For For Mgmt
Long-Term Incen Plan
5/25/2005 Exxon Mobil XOM 30231G102
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Political Contributions Against Against Shareholder
4 Board Compensation Against Against Shareholder
5 Industry Experience Against Against Shareholder
6 ACEH Security Report Against Against Shareholder
7 Amendment of EEO Policy Against Against Shareholder
8 Biodiversity Impact Report Against Against Shareholder
9 Climate Science Report Against Against Shareholder
10 Kyoto Compliance Report Against Against Shareholder
5/18/2005 Intel INTC 458140100
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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3 Approve Amdmt & Extension For For Mgmt
of '04 Equity Incen Plan
4 Approve Amdmt & Extension For For Mgmt
of Exec Officer Incen Plan
5/24/2005 Nordstrom JWN 655664100
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
5/20/2005 Time Warner TWX 887317105
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop Re Pay Against Against Shareholder
Comparison
5/26/2005 Home Depot HD 437076102
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Amend 6th Artic of Certif For For Mgmt
of Incorporation
4 Approve '05 Omnibus Stock For For Mgmt
Incentive Plan
5 Shareholder Prop Re Against Against Shareholder
Employment Diversity
Report Disclosure
6 Shareholder Prop Re Against For Shareholder
Method of Voting
7 Shareholder Prop Re Against Against Shareholder
Nondeductible Compensation
8 Shareholder Prop Re Against Against Shareholder
Future Severance
Agreements
9 Shareholder Prop Re Against Against Shareholder
Performance & Time-Based
Restr. Shares
10 Shareholder Prop Re Against Against Shareholder
Performance-Based Options
11 Shareholder Prop Re Against Against Shareholder
Political Nonpartisanship
5/27/2005 Lowe's Companies LOW 548661107
1 Elect Directors For For Mgmt
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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2 Amendment to Directors' For For Mgmt
Stock Option Plan
3 Ratify Auditors For For Mgmt
5/27/2005 Phelps Dodge PD 717265102
1 Elect Directors For For Mgmt
2 Approve '06 Exec For For Mgmt
Performance Incentive Plan
3 Approve Amdmt to Restated For For Mgmt
Certif of Incor to
Increase Shares
4 Ratify Auditors For For Mgmt
6/23/2005 Best Buy BBY 086516101
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
6/23/2005 BEA Systems BEAS 073325102
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Shareholder Prop. Re Against For Shareholder
Director Eelction by
Majority Vote
4 Shareholder Prop. Re Against For Shareholder
Declassification of Board
of Directors
6/1/2005 Comcast CMCSA 20030N101
1 Approve Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 2002 Restricted Stock Plan For For Mgmt
4 Dislcose Political Against Against Shareholder
Contributions
5 Require Chairman of Bd Against Against Shareholder
Not Have Managerial
Responsibilities
6 Eliminate Shareholder Against For Shareholder
Rights Plan unless
Shareholder Approval is
Received
7 Adopt Recapitalization Against Against Shareholder
Plan
Proposal Management Proposed
Meeting Date Company Ticker Cusip Proposal Description Rec Vote By
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6/24/2005 Symantec SYMC 871503108
1 To approve the issuance For Against Mgmt
and reservation for
issuance of Symantec
common stock to holders
of Veritas software
corporation securities
pursuant to the agreement
and plan of
reorganization dated
December 15, 2004
2 To approve amendments to For Against Mgmt
Symantec's cert of inc to
increase the authorized
number of shares of
common stock of Symantec
from 1,600,000,000
shares, $0.01 par value
per share, to
3,000,000,000 shares,
$0.01 par value per
share, and to authorize
one share of a class of
Special voting stock,
$1.00 par value per share.
3 To adjourn the special For Against Mgmt
meeting, if necessary, if
a quorum is present, to
solicit additional
proxies if there are not
sufficient votes in favor
of the foregoing
proposals.
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/FIDUCIARY ASSET MANAGEMENT
COVERED CALL FUND
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By (Signature and Title)* /s/ James A. Bowen
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James A. Bowen, President
Date August 31, 2005
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* Print the name and title of each signing officer under his or her signature.