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									Press Release                                  Source: TD Bank; TD Bank Financial Group; TD Asset Management Inc.

TD Canadian Bond Fund Wins Best Canadian Income Fund of the Year
Thursday December 4, 3:39 pm ET

Outstanding fixed-income team recognized by investment industry for second year in a row.

TORONTO, Dec. 4 /CNW/ - For the second year in a row, the Canadian investment industry has chosen a
TD Mutual Fund product as the "Canadian Income Fund of the Year." The TD Canadian Bond Fund took top
honours in this category at last night's 9th annual Canadian Investment Awards gala, held at Toronto's
Liberty Grand.

2003 proved to be a stellar year for the TD Canadian Bond Fund which was named one of the Top Choices
for 2003 by Gordon Pape, a Heavy Hitter for 2003 by Ranga Chand, and one of the Top Funds 2003 by
Fallon & Moynes. The fund has an overall Morningstar rating of five stars and has averaged a return of 8.9%
since its inception in 1988, meeting or exceeding industry benchmarks most years.

Co-managed by Satish Rai and Geoff Wilson of TD Asset Management Inc. (last year's winning team for the
TD Real Return Bond Fund), the goal of the TD Canadian Bond Fund is to earn a high rate of interest
income by investing in high-quality Canadian corporate and government bonds. In order to achieve this
goal, the managers:

                - Hold a substantial weighting of corporate bonds to take advantage of
                  their higher returns relative to government bonds.
                - Thoroughly analyze bond-issuing corporations on an individual basis
                  and in the context of global macroeconomic trends.
                - Use a buy and hold strategy to minimize fund expenses.

"We're honoured and very pleased to be in the winner's circle again this year - this time with the TD
Canadian Bond Fund," says Satish Rai, Vice Chair, TD Asset Management Inc.. "This fund is ideal for the
fixed income portion of an investor's diversified portfolio and offers the higher return potential associated
with corporate bonds relative to government bonds."

About TD Asset Management Inc.

TD Asset Management Inc. (TDAM), a member of TD Bank Financial Group and part of the TD Wealth
Management group of companies, is one of Canada's largest asset managers. As of October 31, 2003,
TDAM managed approximately $31 billion CDN in retail mutual funds on behalf of more than 1.3 million
investors. In total, TDAM manages approximately $113.4 billion CDN for mutual funds, pension funds,
corporations, institutions, endowments, foundations and high net worth individuals.

For further information

         Kelly Hechler, Media Relations, TD Bank Financial Group, (416) 982-2469,

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