OSC Staff Notice: Processing Prospectuses Before Year-End

OSC STAFF NOTICE

PROCESSING PROSPECTUSES BEFORE YEAR-END

As in previous years, Commission staff wishes to advise that there can be no assurancethat the review of a long form prospectus will be completed and the necessary receiptissued before December 31, 2000 if the preliminary prospectus is not filed on or beforeNovember 1, 2000.

Similarly, a preliminary prospectuses filed for a new mutual fund should be filed beforeNovember 1, 2000 to receive a receipt for the new mutual fund's prospectus before yearend. Pro forma prospectuses for existing mutual funds must be filed within the time periodsset by securities legislation.

Any concerns resulting from the foregoing or any scheduling concerns in respect of anyprospectus should be brought to Commission staff's attention as soon as possible.

For further information contact:

Paul Dempsey
Assistant Manager/Senior Legal Counsel
Investment Funds, Capital Markets
(416)593-8091

Margo Paul
Manager, Corporate Finance
(416)593-8136

Iva Vranic
Manager, Corporate Finance
(416)593-8115