Stone & Co. Ltd. has assumed the management of Canadian Anaesthetists’ Mutual Accumulating Fund. The change was approved by the shareholders of CAMAF at a meeting on December 18. The change has also received regulatory approval.

CAMAF and Stone & Co. Limited anticipate that the change will provide a greater opportunity to grow CAMAF’s assets, enhance investor services and create investment alternatives and cost efficiencies.

In conjunction with the change of manager, Stone & Co. Ltd. has announced its intention to transfer responsibility for CAMAF’s investment portfolio from Laketon Investment Management Inc. to Stone Asset Management Ltd., an affiliate of Stone & Co. Ltd., effective January 21, 2002.

As its name implies, CAMAF was originally established and promoted by the Canadian Anaesthetists’ Society although it is no longer directly affiliated with any medical or professional association and investors are not required to be physicians in order to purchase Class A Shares.