CIBC Asset Management Inc., the manager of the Frontiers Pools, today announced the addition of a portfolio sub-advisor to Frontiers International Equity Pool.

CIBC is adding an international small-cap equity component to Frontiers International Equity Pool, to be sub-advised by Pictet Asset Management Ltd.

Pictet will sub-advise approximately 10% of Frontiers International Equity Pool. The Pool continues to benefit from the portfolio management expertise of Walter Scott & Partners Limited for its large-cap growth component, and Merrill Lynch Investment Managers Ltd. (UK) for its large-cap value component.

The sub-advisor change is effective June 1, 2006

Pictet, the institutional business division of Pictet & Cie, manages a range of products including a variety of equity portfolios for international institutional clients.

Pictet & Cie, a Swiss private bank founded in 1805, has US$148 billion in assets under management and administration for institutional and private clients (as of March 31, 2006).