Dear  Investor:

As a valued client of TD Waterhouse Investor Services, you know we are committed to providing you with exceptional support and services, as well as the opportunity to trade whenever you want, however you want. This is why we enable our clients to apply online to take advantage of the flexible accounts and services we offer - including Margin accounts, Short Selling and Options trading.

We are pleased to inform you that your application for a Margin account, Short Selling and Options trading has been approved.

Benefit from our competitive rates of interest whenever you choose to trade on margin. Simply continue using your TD Waterhouse account number and enjoy the support, service and access we provide our clients. Your account has been approved for:

    Calls, Puts and Covered Writing            __X__
    Spreads                                    __X__
    Uncovered Writing                          __X__

If you require additional information, please contact a TD Waterhouse Investment Representative by calling 1 800 465-5463. Thank you for investing with TD Waterhouse. We look forward to helping you achieve your financial goals.

New Accounts Dept.





TD Waterhouse Investor Services (Canada) Inc. ("TD Waterhouse") is a subsidiary of TD Waterhouse Group, Inc., a subsidiary of TD Bank. TD Waterhouse - Member CIPF.