UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-02273 ----------------------------------------- TRANSAMERICA INCOME SHARES, INC. ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 570 Carillon Parkway, St. Petersburg, Florida 33716 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Dennis Gallagher, Esq. P.O. Box 5068, Clearwater, Florida 33758-5068 ------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (727) 299-1800 Date of fiscal year end: March 31 ------------------------------------------------------ Date of reporting period: July 1, 2005 - June 30, 2006 ----------------------------------------------------- ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-02273 Reporting Period: 07/01/2005 - 06/30/2006 Transamerica Income Shares, Inc. ============== TRANSAMERICA INCOME SHARES, INC. (CLOSED END FUND) ============== The Fund held no securities during the period covered by this report in which there was a securityholder vote. Accordingly, there are no proxy votes to report. ========== 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. TRANSAMERICA INCOME SHARES, INC. -------------------------------- (Registrant) By: /s/ John K. Carter ------------------------------------------- John K. Carter President and Chief Executive Officer Date: August 30, 2006 -----------------------------------------