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Proxy Votes: How They Work

South African operations: Kimberly-Clark holds a 39 percent equity interest--it owns 39 percent of the shares of--Carlton Paper Corp. Ltd., a South African company.

Total number of shares: 45 million. Harvard's holdings: 17,500 shares.

Motorols Corp., Schaumburg, III.

Size: 71,000 employees, 1983 revenues: $3.79 billion.

Business: electronic and communications equipment.

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Proxy vote achieve category L. Sullivan Principles rating.

Annual meeting date: May 6, Proxy will be finalized March 20.

South African operations: Owns one communication-equipment plant in Johannesburg which employs 200 workers, some of whom are Black, according to spokesman George Grumsroot.

Total number of shares: 118.4 million. Harvard's holdings: 58.958 share.

Phibro-Salomon, New York, N.Y.

Size: 45,000 employees, 1983 revenues: $26.7 billion.

Business: Industrial raw materialist such as minerals, coal and oil.

Proxy vote: no petroleum sales to South Africa.

Annual meeting date: May 1, Proxy will be finalized April 1.

South African operations: According to a spokesman, the company does 1 to 2 percent of its total business in South Africa, and is a signatory to the Sullivan Principles.

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