Investors Group Fund Mergers Approved By Securityholders

    WINNIPEG, Sept. 2 /CNW/ - At meetings held today, securityholders of
several Investors Group Funds approved the following mergers involving funds
with similar existing mandates. The mergers are expected to provide several
benefits, including enhanced diversification opportunities and in some cases
lower management and administration fees.

    Merging Fund/Class(*)                            Continuing Fund/Class(*)
    IG FI U.S. Equity Fund/Class(*)    into  IG AGF U.S. Growth Fund/Class(*)
    IG FI Global Equity Fund/Class(*)  into    Investors Global Fund/Class(*)
    IG Templeton World Allocation Fund into         Investors Tactical Asset
                                                             Allocation Fund

    Regulatory approval for these mergers has also been obtained. These
mergers are expected to occur after the close of business on September 5,
2008. The costs associated with the fund mergers are being borne by Investors
    Adjustments will also be made to the composition of the Allegro(TM)
Conservative and Allegro(TM) Moderate Conservative Portfolios, in conjunction
with the merger involving the IG FI U.S. Equity Fund. Also, the Allegro
Moderate Conservative Portfolio will be rebalanced to invest 8% of its assets
in IG FI Canadian Equity Fund with an offsetting decrease in the Portfolio's
current investment in the IG Mackenzie Maxxum Canadian Equity Growth Fund.
These changes are expected to occur in conjunction with the mergers after the
close of business on September 5, 2008.

    (*) The class versions of these mutual funds are separate classes of
        shares issued by Investors Group Corporate Class Inc.

    Investors Group, founded in 1926, is a national leader in delivering
personalized financial solutions to Canadians through a network of over 4,300
Consultants located throughout Canada. In addition to an exclusive family of
mutual funds and other investment vehicles, Investors Group offers a wide
range of insurance, securities, mortgage and other financial services.
Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of
companies. IGM Financial is one of Canada's premier financial services
companies with $116.8 billion in total assets under management.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual funds investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated. The Funds are distributed across Canada
by Investors Group Financial Services Inc., (in Quebec, a financial services
firm), and Investors Group Securities Inc. (in Quebec, a firm in financial

For further information:

For further information: Media contact: Ron Arnst, Media Relations,
(204) 956-3364,

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