On October 10, 2003, the Canadian Securities Administrators published advance notice of amendments to National Instrument 81 - 102 Mutual Funds and National Instrument 81 - 101 Mutual Fund Prospectus Disclosure (the "Amendments"). Generally, the purpose of the Amendments is to provide a regulatory framework to permit publicly offered mutual funds to invest in other publicly offered mutual funds without many of the previous limitations on these types of investments. The Amendments also include miscellaneous housekeeping changes to other sections of NI 81 - 102. The Amendments are expected to be implemented by all jurisdictions effective December 31, 2003.

type Investment Funds Advisory - New "Fund of Fund" Rules Adopted - Top Ten Issues Revisited