The Fédération des caisses Desjardins du Québec is seeking the approval of unitholders in connection with changes to the investment objectives of three funds.

It is proposed that the investment objective of Desjardins Dividend Fund be revised to:

“The objective of this fund is to provide a high level of income, mostly in the form of dividends, and, to a lesser degree, long term capital appreciation by investing primarily in Canadian, and to a lesser extent, foreign income producing securities.”

It is proposed that the investment objective of Desjardins CI Value Trust Corporate Class Fund be revised to:

“ The objective of this Fund is to achieve long-term capital growth. The Fund invests primarily in equity and equity-related securities of United States companies and / or units of mutual funds which themselves invest primarily in equity and equity-related securities of United States companies.”

It is proposed that the investment objective of Desjardins Ethical Canadian Balanced Fund be revised to:

“The objective of this Fund is to achieve income as well as a certain long-term capital appreciation. The fund invests primarily in Canadian, and to a lesser extent, foreign equity and fixed income securities and /or in units of mutual funds which themselves invest primarily in Canadian, and to a lesser extent, foreign equity and fixed income securities. The fund follows a socially responsible approach to investing.”

Unitholders will be asked to approve these changes at special meetings to be scheduled for November 2008.

If the proposals are approved, the funds will change their name to reflect the new investment objectives. If approved, these changes would be made effective on Jan. 15, 2009.