Securityholders approve fixed administration fee and new Master Declaration of Trust for Investors Group funds

    WINNIPEG, Sept. 28 /CNW/ - Investors Group today announced that the
proposal to establish a fixed administration fee for Investors Group Funds(*)
that will replace certain fund operating expenses was approved at meetings
held this morning. The fixed administration fee will take effect on October 1,
    In addition, at meetings held today, securityholders of all mutual funds
for which I.G. Investment Management, Ltd., is the trustee (with the exception
of Investors Real Property Fund and the Pools under the iProfile, Managed
Asset Program(TM) which will continue to be governed by their own unique Trust
Declarations), approved the adoption of a Master Declaration of Trust for
their funds which will simplify and make more consistent their future

    (*) The iProfile(TM) Pools offered through the iProfile, Managed Asset
        Program, and most non-retail funds and series are excluded from the
        fixed administration fee proposal.

    Investors Group, founded in 1926, is a national leader in delivering
personalized financial solutions to Canadians through a network of over 4,100
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 banking 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 over
$123 billion in total assets under management.

For further information:

For further information: Media Contact: Ron Arnst, Investors Group,
(204) 956-3364,

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Investors Group Inc.

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