BMO Investments Inc. Proposes Changes to the Declarations of Trust for a Number of BMO Mutual Funds

    TORONTO, Sept. 13 /CNW/ - BMO Investments Inc., the manager of BMO Mutual
Funds, today announced proposed changes to the Declarations of Trust of all of
the Funds organized as trusts, other than the LifeStage Plus Funds.
    BMO Investments Inc. is proposing to amend and restate the Declaration of
Trust of each of the Funds in the form of a Master Declaration of Trust to
simplify and update the administration of the Funds.
    "We believe that an updated Master Declaration of Trust will allow for
greater uniformity in the administration of the Funds and will allow the Funds
to more efficiently meet the regulatory standards and industry best practices
of today and tomorrow," said Ed Legzdins, President and CEO, BMO Investments
    The Funds have an Independent Review Committee (the "IRC") that provides
independent oversight and advice to the manager. BMO Investments Inc. referred
this change to the IRC for its review and input as required by securities
regulation. The IRC was of the opinion that the proposed change will achieve a
fair and reasonable result for the Funds and provided a positive
recommendation to BMO Investments Inc.

    Certain Funds require unitholder approval to implement this change.
    These funds include:

    BMO T-Bill Fund                    BMO International Index Fund
    BMO Money Market Fund              BMO International Equity Fund
    BMO AIR MILES(R)+                  BMO European Fund
     Money Market Fund                 BMO Japanese Fund
    BMO Premium Money Market Fund      BMO Special Equity Fund
    BMO Bond Fund                      BMO U.S. Special Equity Fund
    BMO Monthly Income Fund            BMO Resource Fund
    BMO Asset Allocation Fund          BMO Precious Metals Fund
    BMO Dividend Fund                  BMO Global Science & Technology Fund
    BMO Equity Index Fund              BMO Emerging Markets Fund
    BMO Equity Fund                    BMO U.S. Dollar Money Market Fund
    BMO U.S. Equity Index Fund         BMO U.S. Dollar Equity Index Fund
    BMO U.S. Growth Fund
    BMO U.S. Equity Fund

    If the move to a Master Declaration of Trust is approved by unitholders,
certain Funds intend to offer a multi-series structure which will enable the
Funds to offer additional investment options that will help investors more
effectively meet their objectives.
    If approved, it is anticipated that the changes will become effective
shortly after the unitholder meetings on or about October 22, 2007.

    About BMO Investments Inc.

    BMO Investments Inc. is a member of the BMO Financial Group and part of
the organization's Private Client Group. The Private Client Group provides
integrated wealth management services in Canada and the United States and had
total assets under management and administration and term investments of
$277.19 billion as at July 31, 2007.

For further information:

For further information: JoAnne Hayes, Toronto,,
(416) 867-3996; Lucie Gosselin, Montreal,, (514)
877-1101; Laurie Grant, Vancouver,, (604) 665-7596;

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