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      Media Alert/Conference Call GGOF Talks Income Funds  
      WHAT:
        

      GGOF Guardian Group of Funds will host a conference call providing analysis on the best options for generating income in a low interest rate environment. The managers of the various asset classes represented in GGOF Monthly Diversified Income Fund will discuss the advantages of preferred shares, high yield bonds, income trusts and dividend-paying common shares.

      Media are invited to hear commentary from managers Michael Stanley, Steve Kearns and Kevin Hall and Gavin Graham, GGOF’s Director of Investments, followed by a question and answer session.

      WHO:
       

      Michael Stanley, Equity Manager, GGOF Monthly Diversified Income Fund
      Jones Heward Investment Counsel Inc.

      Steve Kearns, High Yield Manager, GGOF Monthly Diversified Income Fund
      Guardian Capital Inc.

      Kevin Hall, Preferred Share and Income Trust Manager, GGOF Monthly Diversified Income Fund
      Guardian Capital Inc.

      Gavin Graham, Vice- President, Director of Investments
      GGOF Guardian Group of Funds

      Moderator:
      John Boeckh, Senior Vice-President, Marketing
      GGOF Guardian Group of Funds

      WHEN:
        Thursday, November 20, 2003
      11:30 a.m. EST
      WHERE:
        Call in number: 1-866-228-3847

      An audio CD and print transcript of the conference call will be available upon request.

      -30-