News Releases

BMO Investments Inc. today announced that it is deferring the decision to appoint AllianceBernstein Institutional Investment Management, a unit of Alliance Capital Management L.P., as the investment advisor for BMO Emerging Markets Fund and for BMO Japanese Fund.  This appointment was originally scheduled to be effective on December 1, 2003.

J.P. Morgan Fleming Asset Management will continue to serve as the investment advisor for these funds for the interim period.

"We believe this decision is in the best interests of unitholders at this time. We will continue to monitor the situation closely," said Ed Legzdins, President and CEO, BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization’s Private Client Group.   The Private Client Group provides integrated wealth management services in Canada and the United States and has total assets under management and administration and term investments of $282 billion at October 31, 2003.

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