o-G8 - Wednesday, February14, 1996 - North Shore.Nows

Gordon Pape calls Scotiabank “A New Fund Powerhouse”

9.97% 16.24% 6.23% - 818% 19.54% 36.84% ae N/A a. 16% © 14.20%"

13.62% .

19.95% 12.49% 16.70% .-13.50% °

“Scotia ‘Securities -Make every: year. count.

*Registered Trade-marks of The Bank of Nova Scotia, ™Trade-mark of Mointreal Trust Company of Canada. Scotia Securities i is a licensed user of these ‘intirks, Importan: formation abou

Scotia Excelsior Funds is contained in the Funds' sirnplified prospectus. Copies are available through all branches of The Bank of N WA Scotia, Montreal Tnist, and Scotiabank’and Ti ‘read carefully before investing. Unit values (yields for income funds) and investment returns will fluctuate. The indicated rates of returnare the historical annual compounded total returns : © unit value and reinvestment of distributions as of January 31, 1996. Units of Scotia Excelsior Funds are not insured by the Canada DepositiInsurance Corporation, the: Régie de'l'assurance-dé “or by: any other deposit insurer, and are not guaranteed by The Bank of Nova Scotia or Montreal Trust. Scotia Sccurities is a corporate entity separate from, though whale owned ed by The Bank of Nc