Unitholders Approve Proposed Changes to the Desjardins Family of Mutual Funds



    LEVIS, QC, Nov. 9 /CNW Telbec/ - The Fédération des caisses Desjardins du
Québec announces that the following previously announced changes to its
Desjardins family of mutual funds were approved by the unitholders of the
affected funds at special meetings held on November 9, 2007 :

    
    - The investment objective of the Desjardins Fidelity Small Cap America
      Fund will be changed to allow the Fund to achieve long-term capital
      growth by investing primarily in a diversified portfolio of securities
      of small capitalization Foreign and Canadian companies. From there on
      the Fund may effectuate direct investments in issuers' securities
      rather than being restricted to investing through another mutual fund.
      This change is also intended to broaden the Fund's mandate and enhance
      diversification by permitting the purchase of securities of non-U.S.
      issuers. Pursuant to this change the name of the Fund will be changed
      to Desjardins Global Small Cap Equity Fund.

    - The investment objective of the Desjardins Select Global Equity Fund
      will be changed to allow the Fund to achieve long-term capital growth
      by investing primarily in a diversified portfolio of equity securities
      of Foreign and Canadian companies. From there on the Fund may
      effectuate direct investments in issuers' securities rather than being
      restricted to investing through other mutual funds. This change is also
      intended to broaden the Fund's mandate and enhance global
      diversification. Pursuant to this change the name of the Fund will be
      changed to Desjardins Global All Cap Equity Fund.

    - The Desjardins Select Canadian Equity Fund will be merged into the
      Desjardins Canadian Equity Value Fund;

    - The Desjardins CI Canadian Investment Fund will be merged into the
      Desjardins Canadian Equity Value Fund;

    - The Desjardins Fidelity Canadian Growth Company Fund will be merged
      into the Desjardins Canadian Small Cap Equity Fund;

    - The Desjardins Select Canadian Balanced Fund will be merged into the
      Desjardins Canadian Balanced Fund;

    - The Desjardins Select American Equity Fund will be merged into the
      Desjardins American Equity Value Fund;

    - The Desjardins Fidelity Global Fund will be merged into the Desjardins
      Select Global Equity Fund which will have adopted a new investment
      objective and changed its name as mentioned above;

    - The Desjardins Global Science and Technology Fund will be merged into
      the Desjardins Global Equity Value Fund.
    

    It is expected that the changes of investment objective along with the
changes of name will be implemented on January 15, 2008. As for the mergers,
subject to the approval of the concerned regulators, they should be
effectuated on January 18, 2008.

    About Desjardins Group

    Desjardins Group is the largest integrated cooperative financial group in
Canada, with overall assets of more than $143 billion, as at June 30, 2007. It
comprises a network of caisses, credit unions and business centres in Québec
and Ontario, and some twenty subsidiary companies in life and general
insurance, securities brokerage, venture capital and asset management, many of
which are active across the country. Drawing on the expertise of its
40,000 employees and the commitment of nearly 6,800 elected officers,
Desjardins offers its 5.8 million individual and corporate members and clients
a full range of financial products and services. Its physical distribution
network is complemented by leading-edge virtual access methods. To find out
more, consult www.desjardins.com.

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For further information:

For further information: (for media only): André Chapleau, Director,
Information and Media Relations, (514) 281-7229, 1-866-866-7000, ext. 7229,
andre.chapleau@desjardins.com


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