Investors Group Inc. announced Friday that it has served a notice to terminate its relationship agreement with Zurich Scudder Investments Inc., and notice of termination has been given by the above funds as to their sub-advisory agreements with Zurich Scudder.

The decision follows a change of control of Zurich Scudder, which is in the process of being acquired by Deutsche Bank AG.

Unitholders will be contacted regarding new proposed advisory arrangements for the affected funds in the coming weeks. The transition to new fund advisors will follow the 90-day notification period.

The Scudder sub-advisory relationship with Investors Group began in 1999 upon entering an agreement with Scudder Kemper Investments, Inc., later known as Zurich Scudder Investments, Inc.

In October 2001, the assets of MAXXUM Financial Services Co. (formerly Scudder MAXXUM Co.), including its family of funds, were sold to Mackenzie Financial Corp.

Scudder currently advises four funds for Investors Group with combined assets of approximately $330 million. The funds affected are: IG Scudder U.S. Allocation Fund, IG Scudder Emerging Markets Growth Fund, IG Scudder European Growth Fund, and IG Scudder Canadian All Cap Fund.