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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950134-06-017029.txt : 20060830
<SEC-HEADER>0000950134-06-017029.hdr.sgml : 20060830
<ACCEPTANCE-DATETIME>20060830144013
ACCESSION NUMBER:		0000950134-06-017029
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060630
FILED AS OF DATE:		20060830
DATE AS OF CHANGE:		20060830
EFFECTIVENESS DATE:		20060830

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Highland Credit Strategies Fund
		CENTRAL INDEX KEY:			0001356115
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21869
		FILM NUMBER:		061065159

	BUSINESS ADDRESS:	
		STREET 1:		TWO GALLERIA TOWER
		STREET 2:		13455 NOEL ROAD, SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		877-665-1287

	MAIL ADDRESS:	
		STREET 1:		TWO GALLERIA TOWER
		STREET 2:		13455 NOEL ROAD, SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>d39201anvpx.txt
<DESCRIPTION>FORM N-PX
<TEXT>
<PAGE>

                                  UNITED STATES
                       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 811-21869

                         Highland Credit Strategies Fund
               (Exact name of registrant as specified in charter)

                           13455 Noel Road, Suite 800
                                Dallas, TX 75240
               (Address of principal executive offices) (Zip code)

                                James D. Dondero
                         Highland Credit Strategies Fund
                           13455 Noel Road, Suite 800
                                Dallas, TX 75240
                     (Name and address of agent for service)

       Registrant's telephone number, including area code: (877) 665-1287

                      Date of fiscal year end: December 31

             Date of reporting period: July 1, 2005 - June 30, 2006

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 (Sections 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 there under (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, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. Section 3507.

<PAGE>

ITEM 1. PROXY VOTING RECORD

The Registrant  commenced  operations on June 29, 2006 and therefore has did not
vote any proxies during the reporting period.

<PAGE>

                                   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 Highland Credit Strategies Fund

(Signature and Title)*


By /s/ James D. Dondero
   -------------------------------------
   James D. Dondero,
   Chief Executive Officer and President
   (Principal Executive Officer)

Date August 25, 2006

*    Print the name and title of each signing officer under his or her
     signature.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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