Objective

The Fund aims to provide long-term capital growth with a moderate level of risk and volatility by investing in a diversified portfolio of equities, Canadian and global (U.S. and international) and fixed income assets.

Stocks chosen are considered to be either undervalued in relation to their historical price, industry competitors and/or the overall market, or have prospects for above average earnings growth.

The Fund's fixed income component will primarily invest in high quality debt. Returns in excess of income will be gained through active duration, yield curve and sector management.

McLean Budden adjusts the Fund's asset mix percentages periodically to take advantage of market opportunities, but stays within the following ranges: stocks 49 to 61%, fixed income 30 to 50% and cash 0 to 15%.

Fund Startup		September 2002
Distribution Frequency		Quarterly
DC/DB Pensions Eligible		Yes
Individual RRSP Eligible		No

Fund Managers

McLean Budden Asset Mix, Canadian Equity (Core), Global Equity (Core) and Fixed Income Teams

Volatility Profile

The MB LifePlan Income Fund is suitable for clients with low to moderate risk tolerance and a medium term investment horizon.

The Fund invests in a broad array of assets (stocks, bonds and cash) therefore; it is less risky than an investment in a single asset class. However, the Fund will increase or decrease in value based on the market value of the assets it holds.

MB Balanced Growth Pension MB Balanced Growth MB Balanced Value MB Balanced MB Private Balanced MB Canadian Equity Growth MB Canadian Equity Value MB Canadian Equity MB Canadian Equity Plus MB Global Equity Growth MB Global Equity Value MB Global Equity MB American Equity

MB International Equity MB Fixed Income MB Long Term Fixed Income MB Short Term Fixed Income MB Fixed Income Plus MB Money Market MB Select Balanced MB Select Canadian Equity MB Select Global Equity MB Select Fixed Income MB LifePlan Income MB LifePlan Growth & Income MB LifePlan Growth