News Releases

In response to the passing of new legislation that eliminated the foreign content restrictions, BMO Nesbitt Burns Inc. announced today that it will be terminating the BMO Nesbitt Burns RRSP Stock Selection Fund (the “Fund”) after the close of business on December 29, 2005. BMO Nesbitt Burns will not accept purchases of this fund after 4:00 pm ET on September 23, 2005.

The Fund currently invests in units of two underlying mutual funds: the BMO Nesbitt Burns Canadian Stock Selection Fund and the BMO Nesbitt Burns U.S. Stock Selection Fund (the “underlying funds”). Upon termination, unitholders in the Fund will effectively exchange their units for units of equal value in each of the underlying funds on a proportionate basis. By holding units in the underlying funds directly, unitholders will benefit from reduced investing costs.

BMO Nesbitt Burns is part of BMO Financial Group'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 $295.3 billion as at July 31, 2005.

Sales commissions, service fees, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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