Royal Mutual Funds Inc. plans to amend the management expense ratio on five of its index funds.

The maximum management expense ratios on the Royal Canadian Bond Index Fund, Royal Canadian Index Fund, Royal U.S. Index Fund, Royal U.S. RSP Index Fund and Royal International RSP Index Fund will rise to levels no higher than 0.95% effective April 1, 2002.

These amendments place the Royal Index Funds in the mid-range of other bank-owned index funds. The management fee will remain unchanged at 0.50%.