ATB Investment Management Inc. clarifies proposed changes to Compass Conservative Portfolio

    EDMONTON, Jan. 8 /CNW/ - ATB Investment Management Inc. (ATBIM) clarified
that the proposed changes to the Compass Conservative Portfolio described in
the December 20, 2007 press release will not involve a change to the
investment objective of the Portfolio. The December 20th press release was
issued to announce certain amendments to the asset allocation of the Portfolio
that will become effective January 31, 2008, and also indicated that the
objective of the Portfolio would be amended as described in the press release.
ATBIM clarified today that the objective of the Portfolio will not be changed.
However, the previously announced changes to the asset allocation of the
Portfolio will become effective January 31st.

    About ATB Investor Services

    ATB Investor Services is the trade name for the wealth management
business of ATB Financial. The four licensed users of the trade name are ATB
Investment Services Inc. (ATBIS), ATB Investment Management Inc. (ATBIM), ATB
Securities Inc. (ATBS), and ATB Insurance Advisors Inc. which are wholly owned
subsidiaries of ATB Financial. ATBIS is a member of the Mutual Fund Dealers
Association and, as the mutual fund dealer, provides access to a full range of
mutual fund products (including the Compass Portfolio Series) to Albertans.
ATBS, as a member of the Investment Dealers Association, is a full service
investment dealer, providing access to a full range of fixed income, equities
and mutual fund products. ATBIM is the investment management firm and is the
manager, portfolio advisor and trustee of the Compass Portfolio Series. ATBIM
also provides managed discretionary investment services for high net worth
private and institutional clients. The ATB Investor Services team of
professionals is committed to objectivity, and integrity in the delivery of
sound solutions to meet each client's investment objectives.

    About ATB Financial

    ATB Financial is the largest Alberta-based financial institution in
Canada with assets of $21.4 billion that provides Personal and Business
Financial Services, Investor Services, and Corporate Financial Services. ATB
Financial serves more than 600,000 Albertans in 244 communities through 157
branches and 134 agencies. Services are also available through a Customer
Contact Centre, Automated Banking Machines, Internet and telephone. ATB
Financial was established in 1938 and is a provincial Crown corporation since
1997. For further information about ATB Financial, visit

For further information:

For further information: Marin Polis, Acting Director - Corporate
Communications, ATB Financial, (780) 408-7307,

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