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					FINANCIAL HIGHLIGHTS

                                                                                                                                   2002                                2001           Change


   Net income available to common shareholders (1) ($ Millions)                                                            $       491.1                   $         387.7               26.7 %
          Goodwill amortization(2)                                                                                                     –                               4.9
          Adjusted net income                                                                                                      491.1                             392.6               25.1
   Diluted earnings per share (1)                                                                                                  1.854                             1.564               18.5
          Goodwill amortization(2)                                                                                                     –                             0.020
          Adjusted diluted earnings per share                                                                                      1.854                             1.584               17.0
   Dividends per share                                                                                                             0.860                             0.730               17.8
   Return on equity                                                                                                               19.2%                             19.6%

   ($ Millions)
   Mutual funds
          Investors Group
          Sales                                                                                                            $     4,915.8                   $      6,027.0              (18.4) %
          Net sales                                                                                                               (108.6)                         1,030.6             (110.5)
          Assets under management                                                                                               37,588.1                         41,644.0               (9.7)
          Mackenzie Financial Corporation (3)
          Sales                                                                                                                  5,998.0                          3,453.8               N/M
          Net sales                                                                                                                288.1                             23.7               N/M
          Assets under management                                                                                               30,860.1                         33,399.6                (7.6)
          Combined mutual fund assets under management                                                                          68,448.2                         75,043.6                (8.8)
   Insurance in force (face amount)                                                                                             27,546.4                         24,374.5                13.0
   Securities operations assets under administration                                                                             4,937.6                          4,104.5                20.3
   Mortgages serviced                                                                                                            6,938.1                          7,659.2                (9.4)
   Deposits and certificates                                                                                                       709.0                            671.2                 5.6
   Clients                                                                                                                     2,578,173                        2,624,614                (1.8) %
   Client accounts                                                                                                             9,486,030                        9,488,293                   –
   Consultants                                                                                                                     3,324                            3,409                (2.5)
   Employees                                                                                                                       3,285                            3,650               (10.0)
   Financial Planning Centres                                                                                                        107                              102                 4.9
   (1)
       Net income and earnings per share for the year ended December 31, 2001 exclude a restructuring charge of $95.6 million ($56.0 million after-tax) taken in the second quarter and goodwill
   amortization related to the acquisition of Mackenzie Financial Corporation. (2) Represents goodwill amortization related to the Company’s investment in affiliate to reflect accounting standards
   now in effect. (See Note 1 of the consolidated financial statements). (3) Canadian operations only. 2001 results from acquisition date or as at December 31.
   Note: Certain comparative figures in this report have been restated to conform with current year presentation.



                                Client Assets under                                 Net Income*                                            Earnings Before Interest,
                                Management and                                      For the financial year                                 Taxes, Depreciation and
                                Administration                                      ($ Millions)                                           Amortization (EBITDA)*
                                As at December 31                                                                                          For the financial year
                                ($ Billions)                                                                                               ($ Millions)
                                  100                                                 500                                                  1200


                                                                                                                                           1000
                                   80                                                 400

                                                                                                                                             800
                                   60                                                 300

                                                                                                                                             600

                                   40                                                 200
                                                                                                                                             400

                                   20                                                 100
                                                                                                                                             200


                                     0                                                  0                                                      0
                                               98 99 00 01 02                                      98 99 00 01        02                                  98 99 00 01         02
                                Mackenzie
                                                              39.4 35.2                        188 236 284 388 491                                        578   634 738 1043 1149
                                Investors Group                                     *Excluding Mackenzie goodwill                          *Excluding restructuring costs in 2001
                                               36.9 41.9 46.2 43.7 39.6              amortization and restructuring
                                                                                     costs in 2001

				
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