TD Asset Management Inc. announces intention to terminate operations of three mutual funds

    TORONTO, Feb. 6 /CNW/ - TD Asset Management Inc. (TDAM), the manager of
TD Mutual Funds, today announced plans to terminate the operations of three
mutual funds. Effective February 6, 2008, the Funds will cease offering units
for purchase and will be terminated on or about April 11, 2008.
    The decision to terminate the Funds is due to a low number of unitholders
and the associated costs of maintaining smaller funds. The Funds that will be
terminated are:

    TD U.S. Blue Chip Equity Currency Neutral Fund
    TD U.S. Mid-Cap Growth Currency Neutral Fund
    TD U.S. Small-Cap Equity Currency Neutral Fund

    Unitholders may redeem or switch their holdings in the Funds for
settlement on or prior to the termination date. As at April 11, 2008, TDAM
will liquidate the holdings of the terminating Funds at fair market value,
determine distributions and distribute the net assets to unitholders.
    Unitholders will not be required to pay any redemption fees, sales
charges or other fees associated with the termination of the Funds. All costs
associated with the termination of the Funds will be borne by TDAM.
Unitholders are encouraged to speak with their financial advisor to discuss
their investment options.

    About TD Asset Management Inc.

    Under the TD Mutual Funds name, TDAM provides a diverse range of over
70 mutual funds and 15 professionally managed portfolios. TDAM manages retail
mutual fund assets on behalf of more than 1.4 million investors and
TD Mutual Funds is one of the most broadly diversified fund families in
Canada. Funds are available at TD Canada Trust branches (through TD Investment
Services Inc. representatives), TD Waterhouse Discount Brokerage, Financial
Planning and Private Investment Advice, as well as leading investment dealers,
independent brokers, advisors and financial planners. As of January 31, 2008,
TDAM was the fourth largest mutual fund company in Canada, with $54.8 billion
invested in TD Mutual Funds.

For further information:

For further information: please see the TD Mutual Funds prospectus, or
contact: Lisa Hodgins, TD Bank Financial Group, (416) 983-2982,

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