The Fédération des caisses Desjardins du Québec, manager of the Desjardins Funds, announced today that Desjardins Global Asset Management Inc. has been appointed as portfolio sub-advisor to Desjardins Canadian Bond Fund.

In conjunction with this change in portfolio sub-advisor, the Desjardins Funds announced that the fund would start using derivatives for hedging and non-hedging purposes after written notice is sent to unitholders. It is expected that the fund will start using derivatives on or about April 1, 2006.

In addition, the Desjardins Funds announced that the name of Desjardins CI Value Trust Sector Fund has been changed to Desjardins CI Value Trust Corporate Class Fund, following a recent change to the name of its underlying fund.