News Releases

WHAT:

GGOF Guardian Group of Funds will host a conference call on investing within the current global environment, including an overview of the trend toward multi-asset class products. Media are invited to hear commentary followed by a question and answer session. The call will review:

• Global investing in the context of inflation and interest rates and their effect on:
  o The US and Canadian dollar
  o Different market sectors
• An emerging investment category - the new multi-asset class funds:
  o What are they
  o Why have they been created
  o Who is buying them

WHO:

Paul Matthews, Matthews International Capital Management
Paul Matthews is Chairman of Matthews International Capital Management (MICM). Mr. Matthews entered the industry in 1982 and founded MICM in 1991. He is lead manager of GGOF Asian Growth and Income Fund.

John Priestman, Guardian Capital LP
John Priestman is a Managing Director at Guardian Capital LP. Mr. Priestman began his investment career in 1975 and joined Guardian Capital in 1985. He is co-manager of GGOF Monthly High Income Fund, GGOF Monthly High Income Fund II, GGOF Monthly Dividend Fund, and GGOF Canadian Diversified Monthly Income Fund.

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:
Tuesday, December 14, 2004
11:00 a.m. EST

WHERE:

Call in number: 1-800-814-4941 or 416-640-4127

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

-30-