Mutual Fund Benchmarks as of February 28, 2006

Index Total Return Average Annual Compound Return
1 mo. 3 mo. 6 mo. 1 yr. 2 yrs. 3 yrs. 5 yrs. 10 yrs.
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.
BMO Nesbitt Burns Cdn Small Cap Index -1.2 14.8 18.5 19.5 16.2 28.4 16.8 11.2
Barra Canadian 300 Growth -5.8 8.8 6.2 20.3 13.8 20.8 5.8 6.9
Barra Canadian 300 Value 2.2 7.9 15.6 26.8 21.7 26.4 13.3 15.6
CPI - All Items 0.0 0.5 0.6 2.4 2.2 1.7 2.3 2.1
Canada Savings Bonds Index 0.1 0.4 0.8 1.4 1.5 1.6 2.0 2.9
Citigroup World Government Bond Index -1.0 -0.8 -7.2 -12.0 -6.5 -4.0 0.9 3.3
HANG SENG Total Return Index 0.6 3.7 2.5 4.4 -1.3 10.2 -4.3 1.7
MSCI EAFE ($ Cdn) -0.7 8.1 10.3 9.0 9.2 18.4 1.6 4.7
MSCI Emerging Markets Free ($ Cdn) -0.6 14.6 24.7 26.8 21.4 32.4 13.9 5.6
MSCI Europe ($ Cdn) -0.4 7.5 6.7 5.3 7.6 17.9 1.2 8.2
MSCI Japan ($ Cdn) -1.3 10.1 23.2 21.5 12.6 17.8 0.7 -1.2
MSCI World ($ Cdn) -0.6 4.0 5.8 5.2 4.3 12.4 -1.1 5.7
Mexico IPC (BOLSA) Price Index -1.6 9.5 30.0 33.2 29.6 36.5 16.4 14.8
NASDAQ Composite ($ Cdn) -1.6 -0.4 1.5 2.8 -2.3 9.3 -4.7 5.6
NIKKEI 225 Total Return Index -2.1 9.6 20.0 15.1 8.4 14.7 -1.1 -4.9
S&P 500 Composite ($ Cdn) -0.5 -0.1 0.5 -1.7 -2.5 5.2 -5.2 5.2
S&P/TSX Total Return -2.0 8.5 10.5 23.1 17.4 23.5 9.6 10.9
SC Universe Bond Total Return Index 0.5 0.7 -0.2 5.4 5.4 6.8 7.0 7.7
1-Year Average GIC Index 0.5 0.8 1.2 2.0 1.6 1.6 1.8 2.7
5-Year Average GIC Index 0.3 0.7 1.4 2.8 2.9 2.9 3.3 4.2
91 Day Treasury Bill Index 0.2 0.8 1.5 2.7 2.5 2.6 2.9 3.7