ONE Financial is pleased to announce the launch of another very unique investment solution, the ONE

Date: Wednesday, August 4, 2004

ONE Financial is pleased to announce the launch of another very unique investment solution, the ONE Financial MSCI Hedge Invest Index Notes™, Series 2, with returns linked to a broad-based hedge fund index published by Morgan Stanley Capital International Inc. ("MSCI"). Key Facts: - Available until September 30, 2004 - FundSERV order code: ONE104. Investment Highlights: - Positive return potential in all market environments - 100% principal protection, provided by Société Générale (rated AA-) - 2x participation in the Adjusted Index Fund Return - 14.97% per year historical pro-forma returns of the Index Fund, with 1/5 the volatility of the S&P 500. - Competitive management fee structure, no fund-of-fund performance fees. For a complete dealer kit please call us at 1.866.360.7888 or email info@one-financial.ca, or visit www.one-financial.ca. ONE Financial is dedicated to creating wealth through innovation for Canadian investors by providing leading-edge investment solutions, including principal-protected growth, income and hedge products.