SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-05189
The Spain Fund, Inc.
(Exact name of registrant as specified in charter)
Alliance Capital Management L.P.
1345 Avenue of the Americas, New York, New York l0105
(Address of Principal Executive Office) (Zip Code)
Registrant's Telephone Number, including Area Code:
(800) 221-5672
MARK R. MANLEY
Alliance Capital Management L.P.
1345 Avenue of the Americas
New York, New York l0105
(Name and address of agent for service)
Copies of communications to:
Patricia A. Poglinco
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
Date of fiscal year end: November 30
Date of reporting period: July 1, 2005 - June 30, 2006
Item 1. Proxy Voting Record.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-05189
Reporting Period: 07/01/2005 - 06/30/2006
The Spain Fund, Inc.
============================= THE SPAIN FUND, INC. =============================
ACERINOX S.A.
Ticker: Security ID: E0060D145
Meeting Date: MAY 31, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, and Statutory
Reports; Approve Allocation of Income
2 Approve Discharge of Management; Approve For For Management
Payments of Dividends Made in 1-4-06 and
4-4-06
3 Authorize Repurchase of Shares For For Management
4 Approve Distribution of Bonus Charged to For For Management
the Issuance Premium Reserve
5 Amend Article 12 of Company By-Laws Re: For For Management
Notice Period for General Meetings
6 Amend Article 4 of General Meeting For For Management
Guidelines Re: Notice Period for General
Meetings
7 Elect Directors For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
9 Designate Two Shareholders to Approve and For For Management
Sign Minutes of Meeting
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ACS, ACTIVIDADES DE CONSTRUCCIONES (FORMERLY GINES NAVARRO C
Ticker: Security ID: E7813W163
Meeting Date: MAY 18, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements and Statutory
Reports; Approve Allocation of Income;
Presentation of Annual Corporate
Governance Report
2 Approve Discharge of Directors For For Management
3 Elect Directors For For Management
4 Authorize Repurchase of Shares For For Management
5 Approve Auditors For For Management
6 Amend Articles 14 and 25 of the Company's For Against Management
By-Laws Re: Director Terms; Convocation
of General Meetings
7 Amend Article 5 of the General Meeting For For Management
Guidelines Re: Convocation of General
Meeting
8 Present Information About the For For Management
Modifications to the Board Guidelines
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
10 Approve Minutes of Meeting For For Management
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BANCO BILBAO VIZCAYA ARGENTARIA
Ticker: Security ID: E11805103
Meeting Date: MAR 18, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements and Statutory
Reports for Fiscal Ended 12-31-05,
Allocation of Income and Distribution of
Dividends, and Discharge Directors
2 Fix Number of Directors None None Management
2.1 Appoint Tomas Alfaro Drake as Director For For Management
2.2 Relect Juan Carlos Alvarez Mezquiriz to For For Management
Management Board
2.3 Relect Carlos Loring Martinez de Irujo to For For Management
Management Board
2.4 Reelect Susana Rodriguez Vidarte to For For Management
Management Board
3 Authorize Issuance of Non-Convertible For For Management
Securities up to Aggregate Nominal Amount
of EUR 105 Million
4 Authorize Repurchase of Shares by Company For For Management
and/or Subsidiaries; Approve Capital
Reduction Via Amortization of Shares
5 Reelect Deloitte & Touche Espana S.L. as For For Management
Auditors for 2006
6 Approve Stock Compensation Plan for For For Management
Executive Directors, including Executives
Members of the Board, and Members of the
Management Committee
7 Amend Article 53 of ByLaws Re: Include For For Management
the Possibility to Compensate Board
Members with Stock or Stock Options In
Connection to the Value of the Shares
8 Approve Non-Executive Director Deferred For For Management
Stock Compensation
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO PASTOR S. A.
Ticker: Security ID: E1943H121
Meeting Date: APR 26, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
Financial Statements for Fiscal Year
2005; Approve Discharge of Directors
2 Approve Allocation of Income and For For Management
Extraordinary Dividends
3 Authorize Repurchase of Shares by the For For Management
Company or its Subsidiaries
4 Elect Directors For For Management
5 Amend Articles Re: Convening of General For Against Management
Shareholder Meetings, Director
Compensation and Duration of Terms
6 Amend General Meeting Guidelines Re: For For Management
Publication of Meeting Notice
7 Amend Articles Re: Capitalization of For For Management
Reserves, 4:1 Stock Split, Attendance at
Meetings, Requirements to be a Director
8 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
9 Authorize Issuance of Nonconvertible For For Management
Bonds/Debt Securities
10 Approve Auditors For For Management
11 Approve Incentive Stock Option Plan For For Management
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
13 Approve Minutes of Meeting For For Management
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BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)
Ticker: Security ID: E19790109
Meeting Date: JUN 16, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements for Fiscal Year
Ended 12-31-05, and Discharge Directors
2 Approve Allocation of Income For For Management
3.1 Elect Jay S. Sidhu as Director For Against Management
3.2 Reelect Fernando de Asua Alvarez as For Against Management
Director
3.3 Reelect Alfredo Saenz Abad as Director For Against Management
3.4 Reelect Ana Patricia Botin-Sanz de For Against Management
Sautoula y O'Shea as Director
3.5 Reelect Rodrigo Echenique Gordillo as For Against Management
Director
3.6 Reelect Lord Burns as Director For Against Management
4 Reelect Auditors For For Management
5 Authorize Repurchase of Shares by Company For For Management
and/or Subsidiaries; Void Authorization
Granted at 2005 AGM
6.1 Amend Article 16 of Bylaws Re: Delegation For For Management
of Powers
6.2 Amend Article 20 of Bylaws Re: Notice of For For Management
General Meetings
6.3 Amend Article 30 of Bylaws Re: Maximun For Against Management
Number of Board Members, Board Term, and
Annual Renewal
6.4 Amend Article 38 of Bylaws Re: Share For For Management
Profits due to Board Members
7.1 Amend Article 5 of General Meeting For For Management
Guidelines Re: Notice of Meeting
7.2 Amend Article 6 of General Meeting For For Management
Guidelines Re: Disclosure of Meeting
Materials
7.3 Amend Article 8 of General Meeting For For Management
Guidelines Re: Proxies
8 Authorize Issuance of Equity or For For Management
Equity-Linked Securities with Preemptive
Rights; Void Authorization Granted at the
2005 AGM
9 Authorize Issuance of Non-Convertible For For Management
Fixed Rate Securities
10 Approve Incentive Plan for Managers of For For Management
Abbey National Bank by Delivering
Santander Shares
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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CORPORACION MAPFRE SA
Ticker: Security ID: E3449V117
Meeting Date: APR 27, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Acccept Individual and Consolidated For For Management
Financial Statements and Statutory
Reports; Allocation of Income
2 Approve Dividends For For Management
3 Approve Discharge of Directors For For Management
4 Elect Directors For For Management
5 Adjust Par Value of Common Stock For For Management
6 Amend Article 5 of General Meeting For For Management
Guidelines Re: Notice of General Meeting
7 Approve Auditors For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
9 Approve Minutes of Meeting For For Management
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ENAGAS SA
Ticker: Security ID: E41759106
Meeting Date: APR 21, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
Financial Statements and Statutory
Reports for Fiscal Tear 2005
2 Approve Allocation of Income for Fiscal For For Management
Year 2005
3 Approve Discharge of Management Board For For Management
Corresponding to Fiscal Year 2005
4 Elect Directors to the Board For For Management
5 Amend Articles 20 and 22 of the Company's For For Management
By-Laws Re: Convocation and Celebration
of Shareholder Meetings
6 Amend Articles 3.1 and 5.2.1 of the For For Management
Company's General Meeting Guidelines Re:
Convocation and Celebration of
Shareholder Meetings
7 Approve Remuneration of Directors For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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ENDESA S.A.
Ticker: ELEZF Security ID: E41222113
Meeting Date: FEB 24, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements for Fiscal Year
Ended 12-31-05 and Discharge Directors
2 Approve Allocation of Income and For For Management
Dividends
3 Approve Auditors for Company and Its For For Management
Consolidated Group
4 Authorize Company and Its Subsidiaries to For For Management
Repurchase Shares in Accordance with
Spanish Public Company Law
5 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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GAS NATURAL SDG, S.A.
Ticker: Security ID: E5499B123
Meeting Date: APR 7, 2006 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve EUR 602.4 Million Capital For For Management
Increase Through Issuance of 602.4
Million New Shares Withouth Preemptive
Rights at EUR 1 Nominal Value; and Set
Share Issuance Premium Re: Endesa's
Takeover Bid
2 Approve Listing of New Shares on the For For Management
Madrid, Barcelona, Bilbao and Valencia
Stock Exchanges, and Inclusion of Shares
in the Continues Market, and the Listing
of ADSs on the New York Stock Exchange
3 Delegate Powers to the Board to Determine For For Management
Terms and Conditions of Capital Increase
Inlcuding Fixing the Share Issuance
Premium; Amend Articles 5 and 6 of the
Bylaws Accordingly
4 Ratify and Appoint Board Member For For Management
5 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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GRUPO CATALANA OCCIDENTE (FORMERLY CATALANA OCCIDENTE)
Ticker: Security ID: E5701Q108
Meeting Date: MAY 25, 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 12-31-05
2 Approve Allocation of Income For For Management
3 Accept Consolidated Financial Statements For For Management
and Statutory Reports
4 Approve Discharge of the Board of For For Management
Directors
5 Elect Directors For For Management
6 Approve Auditors For For Management
7 Approve 5:1 Stock Split For For Management
8 Amend Article 10 of the Company's By-Laws For For Management
and Articles 4.1.2 and 4.9 of the General
Meeting Guidelines Re: Modifications to
Article 97.5 of Spanish Company Law
9 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
10 Authorize Repurchase of Shares For For Management
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
12 Approve Minutes of Meeting For For Management
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GRUPO FERROVIAL S.A
Ticker: Security ID: E5701R106
Meeting Date: MAR 31, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended 12-31-05
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended 12-31-05
3 Approve Allocation of Income For For Management
4 Approve Discharge of Directors For For Management
5.1 Reelect Rafael del Pinto y Calvo Sotelo For For Management
to the Board
5.2 Reelect Casa Grande de Cartagena SL to For For Management
the Board
5.3 Reelect Portman Baela SL to the Board For For Management
5.4 Reelect Jose Maria Perez Tremps to the For For Management
Board
5.5 Reelect Juan Arena de la Mora to the For For Management
Board
5.6 Reelect Santiago Eguidazu Mayor to the For For Management
Board
6 Reelect Auditors For For Management
7 Amend Articles 12, 14, 15, and 26 of For For Management
Bylaws Re: Notice of Meeting and General
Meeting
8 Amend Articles 6-8, 10, 12, 13, 17, and For For Management
18 of General Meeting Guidelines Re:
Notice of Meeting and General Meeting
9.1 Approve Stock Option Plan for Senior For For Management
Executive Members, including Executives
Members of the Board
9.2 Approve Stock in Lieu of Cash Retribution For For Management
Plan for Senior Executive Members and
Executive Members of the Board
10 Authorize EUR 70 Million Capital Increase For For Management
without Preemptive Rights
11 Authorize Repurchase of Shares; Authorize For For Management
Allocation of Repurchased Shares to
Service Stock Compensation Plans
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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IBERDROLA S.A.
Ticker: Security ID: E6164R104
Meeting Date: MAR 29, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Accept Individual and Consolidated For For Management
Financial Statements for Fiscal Year
Ended 12-31-05
1.2 Accept Statutory Reports for Fiscal Year For For Management
Ended December 31, 2005; Approve
Discharge Directors
2 Approve Allocation of Income and For For Management
Dividends for Fiscal Year Ended Dec. 31,
2005
3.1 Amend Article 19 of the By-laws Re: For For Management
Increase Notice Period and Include
Provisions that Allow Shareholders with 5
Percent of Stake to Include Resolutions
to the General Meeting Agenda
3.2 Amend Articles 22 of the By-laws and For For Management
Articles 8 and 10 of the General Meeting
Guidelines Re: Eliminate Shareholding
Restrictions for Participation in the
General Meeting
4 Approve Increase in Capital Through the For For Management
Issuance of Securities without Preemptive
Rights; Ammend Article 5 of the By-laws
5 Authorize Issuance of For For Management
Bonds/Debentures/Other Debt Securities up
to Aggregate Nominal Amount of EUR 9
Billion and Promissory Notes Up to the
Amount of EUR 4 Billion
6 Authorize Repurchase of Shares and For For Management
Subsequent Capital Reduction; Modify
Article 5 of the Bylaws
7 Approve Listing and Delisting of Shares For For Management
on Secondary Exchanges in Spain and
Overseas
8 Approve Creation of Foundation For For Management
9 Approve Auditors For For Management
10.1 Ratify Appointment of Xabier de Irala For For Management
Estevez to the Board of Directors
10.2 Ratify the Appointment of Jesus Maria For For Management
Cadenato Matia to Management Board
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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INDRA SISTEMAS SA
Ticker: Security ID: E6271Z155
Meeting Date: JUN 21, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual Financial Statements For For Management
and Allocation of Income
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports
3 Approve Discharge of Directors For For Management
4 Approve Merger by Absorption of For For Management
Algoritmos y Sistemas, S.L.; Approve
Merged Balance Sheet Closing 12-31-05;
Approve Fiscal Consolidation of the Tax
Regime
5 Approve Merger by Absorption of Indra For For Management
ATM, S.L.; Approve Merged Balance Sheet
Closing 12-31-05; Approve Fiscal
Consolidation of the Tax Regime
6 Amend Article 13 of the Company Bylaws For For Management
Re: Convening of General Meeting
7 Amend Articles 2 and 31 of the Company For For Management
Bylaws Re: Company's Mission; Fiscal Year
End
8 Amend Articles of the General Meeting For For Management
Guidelines Re: Convening of General
Meeting
9 Approve Auditors for Fiscal Year 2006 For For Management
10 Authorize Repurchase of Shares For For Management
11 Allow Questions None None Management
12 Approve Minutes of Meeting For For Management
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INDUSTRIA DE DISENO TEXTIL (INDITEX)
Ticker: Security ID: E6282J109
Meeting Date: JUL 15, 2005 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements and Discharge
Directors for Fiscal Year Ended 01-31-05
2 Approve Allocation of Income and For For Management
Dividends
3 Elect Directors For For Management
4 Reelect Directors For For Management
5 Approve Ratification of Auditors For For Management
6 Authorize Share Repurchase Program For For Management
7 Approve Remuneration of Directors For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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PROMOTORA DE INFORMACIONES (FRMELY GRUPO PRISA)
Ticker: Security ID: E8183K102
Meeting Date: MAR 23, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
Financial Statements and Statutory
Reports for Fiscal Year Ended 2005;
Approve Allocation of Income
2 Approve Discharge of Board of Directors For For Management
for Fiscal Year Ended 2005
3 Approve Auditors Report and Approve For For Management
Auditors for Fiscal Year 2006
4 Elect and Reelect Directors to Management For For Management
Board
5 Amend Articles 6 and 14 of the Company For For Management
By-laws Re: Share Capital and Annual
General Meeting Guidelines
6 Amend Article 5 of Meeting Guidelines For For Management
7 Authorize Repurchase of Shares For For Management
8 Authorize Issuance of Redeemable Shares For For Management
without Preemptive Rights
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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RED ELECTRICA DE ESPANA
Ticker: Security ID: E42807102
Meeting Date: MAY 25, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended 12-31-05
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended 12-31-05
3 Approve Allocation of Income and For For Management
Dividends for Fiscal Year Ended 12-31-05
4 Approve Discharge of Directors For For Management
5.1 Elect Martin Gallego Malaga as Director For For Management
5.2 Elect Francisco Javier Salas Collantes as For For Management
Director
6.1 Approve Merged Balance Sheet Closing For For Management
12-31-05
6.2 Approve Merger by Absorption of Red de For For Management
Alta Tension, S.A. and Infraestructuras
de Alta Tension, S.A.
6.3 Approve Modification to Company's Capital For For Management
as a Result of the Merger
6.4 Approve Fiscal Consolidation of the Tax For For Management
Regime
7 Amend Articles 12 and 13 of the Company's For For Management
By-Laws Re: Types of General Meetings;
Notice of General Meeting
8 Amend Articles 4 and 5 of General Meeting For For Management
Guidelines Re: Types of General Meetings;
Notice of General Meeting
9 Approve Auditors For For Management
10.1 Authorize Repurchase of Shares For For Management
10.2 Approve Use of Repurchased Shares for For For Management
Executive and Director Remuneration
10.3 Revoke Previous Authority to Repurchase For For Management
Shares Granted at 5-25-05 Shareholder
Meeting
11 Authorize Issuance of Convertible Bonds For For Management
or Other Debt Instruments
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
13 Present and Inform Re: 2005 Corporate For For Management
Govrenance Report
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REPSOL YPF SA (FORMERLY REPSOL, S.A.)
Ticker: REPYF Security ID: E8471S130
Meeting Date: JUN 15, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements for Fiscal Year
Ended 12-31-05, Allocation of Income, and
Discharge Directors
2 Amend Articles 19 and 20 of Bylaws Re: For For Management
Convocation of General Meetings and Power
and Obligation to Convene General
Meetings
3 Amend Article 5 of General Meeting For For Management
Guidelines Re: Convocation of General
Meetings
4.1 Ratify Paulina Beato Blanco as Director For For Management
4.2 Ratify Henri Philippe Reichstul as For For Management
Director
4.3 Elect Other Board Members For Against Management
5 Elect Auditors For For Management
6 Authorize Repurchase of Shares; Void For For Management
Previous Authorization Granted at AGM
Held on 5-31-05
7 Grant Authorization to the Board to Issue For For Management
Convertible Fixed Rate Securities and
Warrants with Powers of Excluding
Preemptive Rights; Void Authorization
Granted at the AGM Held on 4-21-02
8 Present Report Re: Amendments to General For For Management
Meeting Guidelines
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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TELEFONICA PUBLICIDAD E INFORMACION S.A.
Ticker: Security ID: E9016X113
Meeting Date: APR 8, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income and Discharge Directors
2 Approve Dividend For For Management
3 Elect and Ratify Management Board For Against Management
4 Authorize Repurchase of Shares For For Management
5 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
6 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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TELEFONICA S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)
Ticker: TEF Security ID: 879382109
Meeting Date: JUN 20, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, Allocation of
Income, and Discharge Directors
2 Approve Merger by Absorption of For For Management
Telefonica Moviles SA; Adopt Consolidated
Tax Regime
3.1 Reelect Carlos Colomer Casellas as For For Management
Director
3.2 Reelect Isidro Faine Casas as Director For For Management
3.3 Reelect Alfonso Ferrari Herrero as For For Management
Director
3.4 Reelect Luis Lada Diaz as Director For For Management
3.5 Reelect Antonio Massanell Lavilla as For For Management
Director
3.6 Ratify the Appointment of David Arculus For For Management
as Director
3.7 Ratify the Appointment of Peter Erskine For For Management
as Director
3.8 Ratify the Appointment of Julio Linares For For Management
Lopez as Director
3.9 Ratify the Appointment of Vitalino Manuel For For Management
Nafria Aznar as Director
4 Approve Equity-Based Incentive Plan For For Management
5 Authorize Repurchase of Shares For For Management
6 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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UNIDAD EDITORIAL SA
Ticker: Security ID: E92467104
Meeting Date: SEP 15, 2005 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Re-elect Directors to Management Board For For Management
2 Approve Dividend For For Management
3 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
========== END NPX REPORT
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.
Registrant: The Spain Fund, Inc.
By: Marc O. Mayer*
-----------------------
President
Date: August 29, 2006
*By: /s/ Emilie D. Wrapp
--------------------
Emilie D. Wrapp
Secretary