30. TD Asset Management Inc. ("TD Asset Management")
was appointed Investment Manager of the Trust Fund pursuant
to Orders of the Courts. The Joint Committee recommends
the continuation of that appointment.
31. The Courts approved an annual budget for TD Asset Management
of $263,004.00 for the year ended March 31, 2002.
32. Total fees charged by TD Asset Management for the year ended March 31,
2001 were $203,573.31. No payments have been made to TD Asset Management beyond
those expenses actually incurred. Attached as Schedule
"J" is the TD Asset Management Report setting out the actual
charges for the year ended March 31, 2002 by quarter.
33. TD Asset Management proposes and the Joint Committee
recommends that its budget for the year April 1, 2002 to
March 31, 2003 be identical to its previous budget. As with
last year, TD Asset Management will charge monthly an amount
not to exceed $21,917.00.