<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>peonpx06302005.txt
<TEXT>
FORM N-PX



ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-02736
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PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------
  (Exact name of registrant as specified in charter)



7 Saint Paul Street, Suite 1140, Baltimore, Maryland 21202
-------------------------------------------------------------------------
  (Address of principal executive offices)



Lawrence L. Hooper, Jr.
Petroleum & Resources Corporation
7 Saint Paul Street
Suite 1140
Baltimore, Maryland  21202
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  (Name and address of agent for service)



Registrant's telephone number, including area code: 410-752-5900

Date of fiscal year end:  December 31, 2005

Date of reporting period: July 1, 2004 - June 30, 2005



Item 1. Proxy Voting Record


             Description                  Proposal  Voted     Vote     For/
                                            Type                       Agnst
                                                                       Mgmt

Issuer:  AGL Resources Inc.
Ticker:  ATG
CUSIP:  001204-10-6
Meeting Date:  04/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Approval of amendment to articles of        MGMT     YES      FOR       FOR
incorporation
Approval of Amended & Restated              MGMT     YES      FOR       FOR
Employee Stock Purchase Plan
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Air Products and Chemicals,
Inc.
Ticker:  APD
CUSIP:  009158-10-6
Meeting Date:  01/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Amerada Hess Corporation
Ticker:  AHC
CUSIP:  023551-10-4
Meeting Date:  05/04/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Apache Corporation
Ticker:  APA
CUSIP:  037411-10-5
Meeting Date:  05/05/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Approval of 2005 Stock Option Plan          MGMT     YES      FOR       FOR
Approval of 2005 Share Appreciation         MGMT     YES      FOR       FOR
Plan
Proposal regarding Director Election        SHLDR    YES     AGNST      FOR
Majority Vote Standard
Proposal regarding Auditor                  SHLDR    YES     AGNST      FOR
Independence

Issuer:  Aqua America, Inc.
Ticker:  WTR
CUSIP:  03836W-20-3
Meeting Date:  05/19/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR

Issuer:  Aquila, Inc.
Ticker:  ILA
CUSIP: 03840P-10-2
Meeting Date:  05/04/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR

Issuer:  Arch Coal, Inc.
Ticker:  ACI
CUSIP:  039380-10-0
Meeting Date:  04/28/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
IRS Code Section 162(m) approval for        MGMT     YES      FOR       FOR
Incentive Compensation Plan for
Executive Officers

Issuer:  Baker Hughes Incorporated
Ticker:  BHI
CUSIP:  057224-10-7
Meeting Date:   04/28/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal to amend Company's Restated        MGMT     YES      FOR       FOR
Certificate of Incorporation to
declassify the Board of Directors and
provide for the annual election of
all directors
Proposal regarding majority votes           SHLDR    YES     AGNST      FOR
protocol

Issuer:  BJ Services Company
Ticker:  BJS
CUSIP:  055482-10-3
Meeting Date:  3/24/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR

Issuer:  BP  p.l.c.
Ticker:  BP
CUSIP:  055622-10-4
Meeting Date:  04/14/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Directors' authority to allot shares        MGMT     YES      FOR       FOR
(relevant securities)
Directors' authority to allot shares        MGMT     YES      FOR       FOR
(equity securities)
Proposal regarding Share buyback            MGMT     YES      FOR       FOR
Approval of Directors' Remuneration         MGMT     YES      FOR       FOR
Report
Renewal of Executive Directors'             MGMT     YES      FOR       FOR
Incentive Plan

Issuer:  Burlington Resources Inc.
Ticker:  BR
CUSIP:  122014-10-3
Meeting Date:  04/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  ChevronTexaco Corporation
Ticker:  CVX
CUSIP:  166764-10-0
Meeting Date:  04/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal on Director's Compensation         SHLDR    YES     AGNST      FOR
Proposal on future use of Executive         SHLDR    YES     AGNST      FOR
Severance Agreements
Proposal on Stock Option Expensing          SHLDR    YES     AGNST      FOR
Proposal on use of Animal Testing           SHLDR    YES     AGNST      FOR
Proposal on Oil and Gas Drilling in         SHLDR    YES     AGNST      FOR
Protected and Sensitive Areas
Proposal to Report on Ecuador               SHLDR    YES     AGNST      FOR

Issuer:  Conocophillips
Ticker:  COP
CUSIP:  20825C-10-4
Meeting Date:  05/05/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal regarding Compensation             SHLDR    YES     AGNST      FOR
Limitations
Proposal regarding Director Election        SHLDR    YES     AGNST      FOR
Vote Standard

Issuer:  Devon Energy
Ticker:  DVN
CUSIP:  25179M-10-3
Meeting Date:  06/08/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Consider and vote on adoption of            MGMT     YES     AGNST     AGNST
Devon Energy Corporation 2005 Long-
Term Incentive Plan
Proposal for a director election vote       SHLDR    YES     AGNST      FOR
standard

Issuer:  Duke Energy Corporation
Ticker:  DUK
CUSIP:  264399-10-6
Meeting Date:  05/12/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Approval of amendments to Company's         MGMT     YES      FOR       FOR
Restated Articles of Incorporation to
eliminate classification of Company's
Board of Directors
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  E. I. Du Pont De Nemours and
Company
Ticker:  DD
CUSIP:  263534-10-9
Meeting Date:  04/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal on Government Service              SHLDR    YES     AGNST      FOR
Proposal on International Workplace         SHLDR    YES     AGNST      FOR
Standards
Proposal on Executive Compensation          SHLDR    YES     AGNST      FOR
Proposal on Animal Testing                  SHLDR    YES     AGNST      FOR
Proposal on Genetically Modified Food       SHLDR    YES     AGNST      FOR
Proposal on Performance-Based Options       SHLDR    YES     AGNST      FOR
Proposal on Disclosure of PFOA Costs        SHLDR    YES     AGNST      FOR

Issuer:  Energen Corporation
Ticker:  EGN
CUSIP:  29265N-10-8
Meeting Date:  04/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Proposed amendment to Company's             MGMT     YES      FOR       FOR
Restated Certificate of Incorporation
increasing the number of authorized
shares of common stock

Issuer:  EOG Resources, Inc.
Ticker:  EOG
CUSIP:  26875P-10-1
Meeting Date:  05/03/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Approve amendment to Restated               MGMT     YES      FOR       FOR
Certificate of Inc. to increase the
number of authorized shares of Common
Stock

Issuer:  Equitable Resources
Ticker:  EQT
CUSIP:  294549-10-0
Meeting Date:  04/13/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Exxon Mobil Corporation
Ticker:  XOM
CUSIP:  30231G-10-2
Meeting Date:  05/25/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal regarding Political                SHLDR    YES     AGNST      FOR
Contributions
Proposal regarding Board Compensation       SHLDR    YES     AGNST      FOR
Proposal regarding Industry                 SHLDR    YES     AGNST      FOR
Experience
Proposal regarding ACEH Security            SHLDR    YES     AGNST      FOR
Report
Proposal regarding Amendment of EEO         SHLDR    YES     AGNST      FOR
Policy
Proposal regarding Biodiversity             SHLDR    YES     AGNST      FOR
Impact Report
Proposal regarding Climate Science          SHLDR    YES     AGNST      FOR
Report
Proposal regarding Kyoto Compliance         SHLDR    YES     AGNST      FOR
Report

Issuer:  General Electric Company
Ticker:  GE
CUSIP:  369604-10-3
Meeting Date:  04/27/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal regarding Cumulative Voting        SHLDR    YES     AGNST      FOR
Proposal regarding report on Nuclear        SHLDR    YES     AGNST      FOR
Risk
Proposal regarding report on PCB            SHLDR    YES     AGNST      FOR
Cleanup Costs
Proposal regarding Curbing Over-            SHLDR    YES     AGNST      FOR
Extended Directors
Proposal regarding Report on                SHLDR    YES     AGNST      FOR
Sustainability
Proposal regarding Disclosure of            SHLDR    YES     AGNST      FOR
Political Contributions
Proposal regarding Animal Testing           SHLDR    YES     AGNST      FOR

Issuer:  GlobalSantaFe
Ticker:  GSF
CUSIP:  G3930E-10-1
Meeting Date:  06/07/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Amendment to Company's 2003 Long-Term       MGMT     YES      FOR       FOR
Incentive Plan to reduce the number
of shares authorized for issuance
under the plan and increase the
number of such shares available for
full-value stock awards
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Grant Prideco,  Inc.
Ticker:  GRP
CUSIP:  38821G-10-1
Meeting Date:  05/11/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR

Issuer:  Holly Corporation
Ticker:  HOC
CUSIP:  435758-30-5
Meeting Date:  05/09/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR

Issuer:  Kerr-McGee Corporation
Ticker:  KMG
CUSIP:  492386-10-7
Meeting Date:  05/10/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Approval of 2005 Long Term Incentive        MGMT     YES     AGNST     AGNST
Plan
Approval to Amend the Amended and           MGMT     YES      FOR       FOR
Restated Certificate of Incorporation
to Increase the Authorized Number of
Shares of Common Stock
Proposal requesting establishment of        SHLDR    YES     AGNST      FOR
an Office of the Board of Directors

Issuer:  Keyspan Corporation
Ticker:
CUSIP:
Meeting Date:  05/20/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Martin Marietta Materials,
Inc.
Ticker:  MLM
CUSIP:  573284-10-6
Meeting Date:  05/24/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  MDU Resources Group, Inc.
Ticker:  MDU
CUSIP:  552690-10-9
Meeting Date:  04/26/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Re-approve the material terms of the        MGMT     YES      FOR       FOR
performance goals under the 1997
Executive Long-Term Incentive Plan

Issuer:  Murphy Oil Corporation
Ticker:  MUR
CUSIP:  626717-10-2
Meeting Date:  05/11/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Proposed amendment to Company's             MGMT     YES      FOR       FOR
Certificate of Incorporation to
increase the number of authorized
shares of Common Stock
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Nabors Industries, LTD.
Ticker:  NBR
CUSIP:  G6359F-10-3
Meeting Date:  06/07/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Amendment to the Amended and Restated       MGMT     YES      FOR       FOR
ByLaws to require shareholder
approval of certain dispositions of
Company assets
Amendment to 2003 Employee Stock Plan       MGMT     YES      FOR       FOR
to make non-employee directors
eligible participants
Shareholder proposal to require             SHLDR    YES     AGNST      FOR
Company to adopt a policy that a
significant amount of future stock
grants to senior executives be
performance-based

Issuer:  National Fuel Gas Company
Ticker:  NFG
CUSIP:  636180-10-1
Meeting Date:  02/17/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Amendment to Company's Restated             MGMT     YES      FOR       FOR
Certificate of Incorporation
Limitation of future Company benefits       SHLDR    YES     AGNST      FOR
for Executive Officers

Issuer:  New Jersey Resources
Corporation
Ticker:  NJR
CUSIP:  646025-10-6
Meeting Date:  01/19/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Noble Corporation
Ticker:  NE
CUSIP:  G65422-10-0
Meeting Date:  04/28/2005
Election of Directors                       MGMT     YES      FOR       FOR
Proposal to amend article 54 of             MGMT     YES      FOR       FOR
Company's articles of association to
increase the director retirement age
to 72 from 70
Proposal regarding 1992 Nonqualified        MGMT     YES      FOR       FOR
Stock Option Plan for Non-Employee
Directors
Proposal to amend Equity Compensation       MGMT     YES      FOR       FOR
Plan for Non-employee Directors
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Noble Energy, Inc.
Ticker:  NBL
CUSIP:  655044-10-5
Meeting Date:  04/26/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Approve 2005 Stock Plan for Non-            MGMT     YES      FOR       FOR
Employee Directors

Issuer:  Noble Energy, Inc.
(Proposed Merger with Patina Oil &
Gas Corp.)
Ticker:  NBL
CUSIP:  655044-10-5
Meeting Date:  05/11/2005
Proposal to approve the issuance of         MGMT     YES      FOR       FOR
shares of common stock
Proposal to amend Company's                 MGMT     YES      FOR       FOR
certificate of incorporation to
increase the number of authorized
shares of common stock

Issuer:  Occidental Petroleum
Corporation
Ticker:  OXY
CUSIP:  674599-10-5
Meeting Date:  05/06/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Approval of 2005 Long-Term Incentive        MGMT     YES     AGNST     AGNST
Plan
Stockholder Statement opposing Board-       SHLDR    YES     AGNST      FOR
Sponsored Proposals
Vote regarding future golden                SHLDR    YES     AGNST      FOR
parachutes

Issuer:  OfficeMax
Ticker:  OMX
CUSIP:  67622P101
Meeting Date:  05/09/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal regarding Classified Board         SHLDR    YES      FOR      AGNST

Issuer:   Pioneer Natural Resources
Co.  (Special Mtg.)
Ticker:  PXD
CUSIP:   723787-10-7
Meeting Date:  09/28/2004
Issuance of shares of Pioneer Common        MGMT     YES      FOR       FOR
Stock in connection with the merger
of BC Merger Sub, Inc. with and into
Evergreen Resources, Inc.
Meeting Adjournment to solicit more         MGMT     YES      FOR       FOR
proxies

Issuer:  Pioneer Natural Resources
Co.
Ticker:  PXD
CUSIP:  723787-10-7
Meeting Date:  05/11/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Questar Corporation
Ticker:  STR
CUSIP:  748356-10-2
Meeting Date:  05/17/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Approve Annual Management Incentive         MGMT     YES      FOR       FOR
Plan II

Issuer:  Rohm and Haas Company
Ticker:  ROH
CUSIP:  775371-10-7
Meeting Date:  05/02/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Adoption of 2005 Non-employee               MGMT     YES      FOR       FOR
Directors' Stock Plan
Adoption of 2005 Non-Qualified              MGMT     YES      FOR       FOR
Savings Plan
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Royal Dutch Petroleum
Company
Ticker: RD
CUSIP:  780257-80-4
Meeting Date:  06/28/2005
Review of Annual Accounts 2005              MGMT     YES      FOR       FOR
Discussion of reserves and dividend         MGMT     YES      FOR       FOR
policy & declaration  of total
dividend for 2004
Discharge of Managing Directors of          MGMT     YES      FOR       FOR
responsibility in respect of their
management for 2004 & Discharge of
members of Supervisory Board of
responsibility for their supervision
for 2004
Appointment of a member of the              MGMT     YES      FOR       FOR
Supervisory Board owing to retirement
by rotation
Authorization for the acquisition of        MGMT     YES      FOR       FOR
ordinary shares
Cancellation of ordinary shared held        MGMT     YES      FOR       FOR
by Company
Corporate Governance                        MGMT     YES      FOR       FOR
Proposal for unification of Company         MGMT     YES      FOR       FOR
and The "Shell" Transport and Trading
Company, p.l.c. - Discussion of
public exchange offer issued by
Company for all ordinary shares  &
Approval of Implementation Agreement
Proposal to amend articles of               MGMT     YES      FOR       FOR
association of Company, grant
authorization to acquire all 1,500
priority shares, as well as
subsequent cancellation of all
priority shares thus acquired
Appointment of Non-executive                MGMT     YES    FOR ALL     FOR
Directors
Adoption of remuneration policy for         MGMT     YES      FOR       FOR
Board of Directors
Approval of amended Long-Term               MGMT     YES      FOR       FOR
Incentive Plan
Approval of amended Restricted Share        MGMT     YES      FOR       FOR
Plan
Approval of amended Deferred Bonus          MGMT     YES      FOR       FOR
Plan

Issuer:  Schlumberger Limited
Ticker: SLB
CUSIP:  806857-10-8
Meeting Date:  04/13/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Approval of Company's Consolidated          MGMT     YES      FOR       FOR
Balance Sheet, Consolidated Statement
of Income and Declaration of
Dividends
Adoption of amendments to the               MGMT     YES      FOR       FOR
Articles of Incorporation: (a)
revisions to comply with changes in
Netherlands Antilles law; (b)
revisions to take advantage of the
flexibility provided by Netherlands
Antilles law OR clarify or update
provisions of Company Articles of
Incorporation.
Adoption of 2005 Stock Option Plan          MGMT     YES     AGNST     AGNST
Approve adoption of amendment to            MGMT     YES      FOR       FOR
Discounted Stock Purchase Plan
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Smurfit-Stone Container
Corporation
Ticker:  SSCC
CUSIP:  832727-10-1
Meeting Date:  05/11/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  Total S.A.
Ticker: TOT
CUSIP:  89151E-10-9
Meeting Date:  05/17/2005
Report of BOD on operations and             MGMT     YES      FOR       FOR
financial statements for the year
ended 12/21/2004.  Auditors' general
report on these financial statements.
Approval of parent company financial        MGMT     YES      FOR       FOR
statements dated 12/31/2004
Approval of the Group's consolidated        MGMT     YES      FOR       FOR
financial statements dated 12/31/2004
Allocation of earnings, declaration         MGMT     YES      FOR       FOR
of dividend and dividend payment date
Special report of auditors on               MGMT     YES      FOR       FOR
agreements covered by Article L. 225-
38 of the French Commercial Code
Authorization for the BOD to trade          MGMT     YES      FOR       FOR
the shares of the Company
Election of Directors                       MGMT     YES    FOR ALL     FOR
Delegation of authority to BOD for          MGMT     YES      FOR       FOR
the purpose of issuing convertible or
other equity securities with
preferential subscription rights
Delegation of authority to BOD to use       MGMT     YES      FOR       FOR
the aforementioned delegation to
issue convertible or other equity-
related securities without
preferential subscription rights
Delegation of authority to BOD for          MGMT     YES      FOR       FOR
the purpose of conducting capital
increases reserved for employees
participating in a company savings
plan
Authorization for the BOD to grant          MGMT     YES      FOR       FOR
(for no consideration) shares of the
Company to employees and executive
officers of the Company and of Group
companies

Issuer:  Weatherford International
LTD.
Ticker:  WFT
CUSIP:  G95089-10-1
Meeting Date:  05/13/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors

Issuer:  The Williams Companies, Inc.
Ticker:  WMB
CUSIP:  969457-10-0
Meeting Date:  05/19/2005
Election of Directors                       MGMT     YES      FOR       FOR
Ratification of appt. of Ind.               MGMT     YES      FOR       FOR
Auditors
Proposal for a majority vote standard       SHLDR    YES     AGNST      FOR
for board elections

Issuer:  XTO Energy      (Special
Mtg.)
Ticker:  XTO
CUSIP:  98385X-10-6
Meeting Date:  11/16/2004
Approval of the Company 2004 Stock          MGMT     YES     AGNST     AGNST
Incentive Plan

Issuer:  XTO Energy
Ticker:  XTO
CUSIP:  98385X-10-6
Meeting Date:  05/17/2005
Election of Directors                       MGMT     YES    FOR ALL     FOR



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.


PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------
(Registrant)



BY: /s/ Douglas G. Ober
        -----------------------
        Douglas G. Ober
        Chief Executive Officer
	(Principal Executive Officer)


Date:   July 20, 2005
</TEXT>
</DOCUMENT>
