Endurance and innovation are the hallmarks of Canadas best organizations. In 2000, AGF stayed true to these traditions as we celebrated one of the most successful years in our 43-year history. As always, we look to the future but remain rooted by the values and priorities that motivate our clients and investors. I look forward to the coming year as we build on these accomplishments and continue to grow shareholder value.

C. Warren Goldring
Chairman
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