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TREATMENT OF NATIONAL POLICY STATEMENT NO. 36

Note: This table shows where each provision of National Policy Statement No. 36 has been dealt with in the proposed mutual fundprospectus disclosure documents. The table does not attempt to outline all amendments that may have been made to theseprovisions; reference to the footnotes in the relevant document and to the notice published with the proposed documents should bemade for that information.

In this table, "NI" means proposed National Instrument 81-101, "CP" means proposed Companion Policy 81-101CP, "Summary Form"means the proposed Fund Summary Form, Form 81-101F1 and "Prospectus Form," means the proposed Fund Prospectus Form,Form 81-101F2.

NP36 PROVISION TREATMENT COMMENT
SECTION 1 - APPLICATION
Section 1.1 Deleted Mandatory under the NI to prepare aFund Summary
Section 1.2 NI - section 1.3 Modified to exclude LSVCCs and mutualfunds listed and posted for trading on astock exchange or quoted on an OTCmarket
-paragraph (a) Deleted
-paragraph (b) NI - paragraph 1.3(b)
Section 1.3 NI - section 1.2 Reference to NI81-105 added
SECTION 2 - DOCUMENTSCOMPRISING THE SIMPLIFIEDPROSPECTUS DISCLOSURESYSTEM
Section 2.1 NI - section 3.1 Concept of a Fund's permanentinformation record not referred to in theNI
Section 2.2 CP - Part 4 No rule in the NI restricting consolidation
SECTION 3 - ANNUALINFORMATION FORM
Section 3.1 NI - section 2.1 Notification of annual acceptance to themutual fund not necessary
Section 3.2 NI - paragraphs 2.1(1)(a) and (b),subsection 2.2(3) and section 3.5

Prospectus Form - Items 1(1) and (6)

Section 3.3 NI - sections 3.2, 3.3 and 3.4

Summary Form - Items 3(1) and (2) and 20(2)

Prospectus Form - Item 33(2)

No undertaking required; replaced withrule to deliver documents upon request
Section 3.4 NI - section 2.2 Now refers more generally to supportingdocuments required to be filed undersecurities legislation
Section 3.5 Deleted Not necessary
SECTION 4 - SIMPLIFIEDPROSPECTUS
Section 4.1 NI - sections 2.2 and 3.5
Section 4.2 Summary Form - Items 1(3) and (4)
Section 4.3 Deleted
Section 4.4 NI - section 2.3
Section 4.5 Deleted Covered by securities legislation
Section 4.6 Deleted
Section 4.7 Deleted Covered by securities legislation
SECTION 5 - FINANCIALSTATEMENTS
Section 5.1 Deleted Financial statements are not required tobe filed with the Fund Summary;requirements concerning contents offinancial statements are covered bysecurities legislation
Section 5.2 NI - section 3.2 Annual and interim financial statementsare not required to be delivered with theFund Summary to purchasers
Section 5.3 Deleted Covered by securities legislation
Section 5.4 Deleted
Section 5.5 Summary Form - Item 13

Prospectus Form - Item 8

SECTION 6 - REVIEWPROCEDURE
Section 6.1 Deleted
Section 6.2 CP - section 2.6
Section 6.3 Deleted NP30 to be reformulated with NP1 inNational Policy 43-201
SCHEDULE A - INFORMATIONREQUIRED TO BE INCLUDEDIN A SIMPLIFIEDPROSPECTUS
General Instruction CP - section 2.2, Part 3

NI - section 4.1

Other documents do not accompany theFund Summary
Item 1. Cover Statement Deleted
Item 2. IntroductoryStatement Summary Form - Item 3

Summary Form - Item 19

Language re securityholder's rights hasbeen moved to Fund Summary - Item 19
Item 3. Name and Formationof Issuer Summary Form - Items 4 or 6.1, asapplicable

Prospectus Form - Item 3

No longer requires disclosure of promoter

Disclosure about laws and formation moved to Prospectus Form - Item 3

Item 4. Description ofBusiness Deleted
Item 5. Risk Factors Summary Form - Items 4 and 10
Item 6. Description ofSecurities Offered
- paragraph (a) Summary Form - Items 6.1 and 6.2 underitem Securities Offered

Prospectus Form - Item 9(1)

- paragraph (b) Deleted
- Instruction 1. Deleted
- Instruction 2. Prospectus Form - Item 10 The second and third sentences havebeen deleted
Item 7. Price of Securities onSale or Redemption
- paragraph (a) Summary Form - Item 14(2)
- paragraph (b) Summary Form - Item 16
- paragraph (c) Summary Form - Items 14 and 16
- paragraph (d) Prospectus Form - Item 12(5) Clause (i) not carried forward
- paragraph (e) Prospectus Form - Item 13(4) Clause (i) not carried forward
- paragraph (f) Summary Form - Item 12
- paragraph (g) Deleted
- Instruction 1. Deleted
Item 8. Method of Distribution Prospectus Form - Items 12 and 16.5
- Instructions Summary Form - Items 15 and 16.1
Item 9. Responsibility forPrincipal Functions
- paragraph (a) Summary Form - Items 4 and 6.1

Prospectus Form - Item 16

- paragraph (b) Deleted
- paragraph (c) Prospectus Form - Item 16.2(5)
- paragraph (d) Prospectus Form - Item 17
- Instruction 1. Deleted The tables in the Summary Form - Items4 and 6.1 determine the form of addressto be disclosed
- Instruction 2. Summary Form - Items 4 and 6.1
- Instruction 3. Summary Form - Items 4 and 6.1
Item 10. Management Feesand Other Expenses
- paragraph (a) Summary Form - Item 16
- paragraph (b) Summary Form - Item 16
- paragraph (c) Deleted Financial Highlights included in FundSummary
- paragraph (d) Summary Form - Item 13
- Instruction 1. Deleted NI - Part 6 mandates the method forcalculating management expense ratio
- Instruction 2. Deleted NI - Part 6 does not contemplatedisclosure of the management expenseratio for less than one financial year
- Instruction 3. NI - subsection 6.1(1)
- Instruction 4. Deleted, pending determination ofappropriate rule This provision will be included inNI81-102
- Instruction 5. Summary Form - Item 13
- Instruction 6. NI - section 6.1 NI - subsection 6.1(3) now requires amanagement fee paid directly byinvestors to be included in the calculationof the management expense ratio
- Instruction 7. Deleted
Item 11. Investment Objectivesand Practices
- paragraph (a) Summary Form - Item 8
- paragraph (b) Prospectus Form - Item 4(6)
- paragraph (c) Deleted
- paragraph (d) Deleted Replaced by Prospectus Form - Item 4(3)
- Instruction 1. Summary Form - Item 8 (Instructions)
- Instruction 2. Summary Form - Item 8 (Instructions)
- Instruction 3. Summary Form - Items 6 and 18
Item 12. Dividends orDistributions Summary Form - Items 12 and 13
- Instruction 1. Summary Form - Item 13
- Instruction 2. Summary Form - Item 13
Item 13. Tax Status ofSecurityholders Summary Form - Item 18

Prospectus Form - Item 22

Item 14. Legal Proceedings Prospectus Form - Item 25
- Instruction 1. Prospectus Form - Item 25
Item 15. Other Material Facts Prospectus Form - Item 26
Item 16. Auditors, TransferAgent and Registrar
- paragraph (a) Summary Form - Items 4 and 6

Prospectus Form - Item 16.8

- paragraph (b) Prospectus Form - Item 16.9 Information about the transfer agent is nolonger required to be disclosed
Item 17. Purchasers' StatutoryRights Summary Form - Item 19 The mandated language has beenrewritten in plain language
Item 18. Identification Summary Form - Item 1(5) Encoding requirement deleted - FundSummary to be dated on the front cover
- Instruction 1. Deleted
APPENDIX 1 TO SCHEDULE A
Summary of Fees, Charges andExpenses Payable by theSecurityholder Summary Form - Item 16
SCHEDULE B - INFORMATIONREQUIRED TO BE INCLUDEDIN THE ANNUALINFORMATION FORM
General Instructions CP - section 2.3
Item 1. Name and Formationof Issuer Prospectus Form - Item 3
Item 2. Business of Issuer Deleted
- Instruction 1. Prospectus Form - Item 3
- Instruction 2. Prospectus Form - Items 3(5) and 17 This is now a more general disclosurerequirement
Item 3. Price of Securities onSale or Redemption Prospectus Form - Items 11 and 15
- paragraph (a) Prospectus Form - Items 11 and 15
- paragraph (b) Deleted
- paragraph (c) Deleted
Item 4. Method of Distribution Prospectus Form - Items 12 and 16.5
- paragraph (a) Deleted
- paragraph (b) Deleted
- paragraph (c) Deleted
- Instruction 1. Deleted
Item 5. Responsibility forPrincipal Functions
- paragraph (a) Prospectus Form - Item 16 Mandates the information required to bedisclosed for each person or company
- paragraph (b) Prospectus Form - Item 8
- Instruction 1. Deleted
- Instruction 2. Prospectus Form - Item 16.5
- Instruction 3. Deleted
- Instruction 4. Prospectus Form - Item 16.4 Clauses (i), (ii) and (v) have not beencarried forward
- Instruction 5. Deleted
- Instruction 6. Deleted
Item 6. Investment Objectivesand Practices Prospectus Form - Item 4
- paragraph (a) Prospectus Form - Item 4
- paragraph (b) Prospectus Form - Item 4(6)
- Instruction 1. Deleted
- Instruction 2. Prospectus Form - Item 15(1) This disclosure is no longer confined tosecurities whose resale is restricted
- Instruction 3. Deleted
Item 7. Significant Holdings inOther Issuers Deleted
Item 8. Tax Status of Issuerand Security Holder
- paragraph (a) Prospectus Form - Item 22(1)
- paragraph (b) Prospectus Form - Item 22(3)
Item 9. Legal Proceedings Prospectus Form - Item 25
Item 10. Directors, Officersand Trustees Prospectus Form - Items 16.6 (1) and (2)
- Instruction 1. Deleted
- Instruction 2. Prospectus Form - Item 16.6(4)
- Instruction 3. Prospectus Form - Item 16.6(5)
Item 11. Remuneration ofDirectors, Officersand Trustees Prospectus Form - Item 23 This item has been substantially revised
Item 12. Indebtedness ofDirectors, Officersand Trustees Deleted
Item 13. Associated Persons Prospectus Form - Item 17 This item has been substantially revised
Item 14. Promoter Deleted A promoter is now only referred to inconnection with a promoter's certificate
Item 15. Principal Holders ofSecurities Prospectus Form - Item 17.1 This item has been substantially revised
Item 16. Interest ofManagement andOthers in MaterialTransactions Prospectus Form - Item 17 This item has been substantially revised
Item 17. Custodian of PortfolioTransactions
- paragraph (a) Prospectus Form - Item 16.7 This item now requires disclosure relatingto any principal sub-custodian
- paragraph (b) Prospectus Form - Item 24(1)(d)
Item 18. Material Contracts Prospectus Form - Item 24 This item no longer requires disclosure ofmaterial contracts only dating back twoyears
- Instruction 1. Prospectus Form - Item 24(1)(f) andInstruction
- Instruction 2. Deleted
- Instruction 3. Prospectus Form - Item 24(3)
- Instruction 4. Deleted
Item 19. Other Material Facts Prospectus Form - Item 26
Item 20. Certificates
- paragraph (a) Prospectus Form - Items 28 and 29 This item no longer specifies the personsrequired to sign the certificate or themutual fund, except where the mutualfund is established as a trust
- paragraph (b) Prospectus Form - Item 31
- Instruction 1. Deleted Prospectus Form - Item 29 specifies howthe manager's certificate shall be signed
- Instruction 2. Deleted Prospectus Form - Item 28 specifies howa certificate signed by a trustee shall besigned
- Instruction 3. Deleted
APPENDIX 1 TO SCHEDULE B- STATEMENT OF EXECUTIVECOMPENSATION Prospectus Form - Item 23 This item has been substantially revised