Talvest Fund Management says it intends to seek regulatory and unitholder approval for the merger of several of its mutual funds.

Talvest Asian RSP Fund will merge into its underlying fund, Talvest Asian Fund.

Talvest Global Resource RSP Fund will merge into its underlying fund, Talvest Global Resource Fund.

Talvest European RSP Fund will merge into its underlying fund, Talvest European Fund.

Talvest FPX Growth Fund, Talvest FPX Balanced Fund and Talvest FPX Income Fund will each merge into Talvest Cdn. Asset Allocation Fund.

“In each case, the merger will provide greater flexibility or efficiency in managing the respective portfolios,” says Murray Douglas, president and COO of Talvest.”

Notice of the upcoming unitholder meetings and management information circular with all relevant information on each fund merger will be mailed in the next several weeks.

Subject to regulatory and unitholder approval, the mergers are scheduled to take place on or around April 30, 2004.