CI Funds is proposing to simplify the fee structure of the Insight Program, a comprehensive fee-based investment program.

Under the proposal, CI will include the annual CI administration service fee with the management fee of each Insight Pool, instead of showing it as part of the adviser service fee.

“This change will have no effect on the total fees charged to Insight investors,” said Peter W. Anderson, President of CI Mutual Funds Inc. “However, the fee structure of the Insight Program will be easier to understand.”

In addition, the change will allow CI to add funds to the Insight Program, Mr. Anderson said. “We are committed to maintaining Insight as one of the leading fee-based investment programs available in Canada.”

The change requires the approval of Insight investors. CI will be mailing a proxy circular to these investors by Friday, August 3, 2001, for special meetings to be held on August 24, 2001. If approved, the changes are expected to take effect on September 26, 2001.