News Releases

BMO Harris Investment Management Inc. announced today that, effective September 28, 2004, Sands Capital Management, Inc. of Arlington, Virginia will become the investment adviser for the BMO Harris U.S. Growth Portfolio.

Sands Capital, founded in 1992, provides advisory services to individual and institutional investors exclusively in the U.S. large-cap, growth equity asset class. With over US$8.5 billion in assets under management, Sands Capital's mission is to enhance the wealth of its clients by adding value, with prudence, over time.

Sands Capital replaces Harris Bretall Sullivan & Smith LLC, the advisor for the Portfolio since June 2000.

"We are looking forward to working closely with the team at Sands Capital. The firm has a very clear approach that invests in high quality companies with established growth characteristics. Within our clients' portfolios this strategy will complement our core U.S. equity strategy that has a value tilt," said Paul Taylor, Chief Investment Officer, BMO Harris Investment Management Inc. "Sands Capital's exclusive focus on the large-cap growth space combined with a disciplined portfolio construction process has a proven track record. This is evidenced by their consistent success over a number of years of enhancing their clients' wealth."

BMO Harris Private Portfolios are available exclusively through BMO Harris Private Banking. BMO Harris Private Banking, a member of BMO Financial Group, serves the needs of high net-worth clients and their families and helps them deal with a wide range of complex financial issues. Modeled on the private banking business of Harris Bank, BMO Financial Group's Chicago-based U.S. subsidiary, which has been managing money for affluent clients for over 100 years, BMO Harris Private Banking provides seamless North American delivery of integrated wealth management solutions.

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