YORK PENSION FUND

TOTAL VALUE $700 million (approximately) as of January 1 1997

Management as of June/July 1997.

                                                   % of  amount    type of management,
                                                  Total    in      active or passive
                                                   Fund  millions


        Sceptre Investment Counsel                   20%      140  Canadian equities, active
        Sceptre Investment Counsel                   20%      140  Canadian bonds active
        Sceptre Investment Counsel                   10%       70  Foreign (including U.S.) active
                  TOTAL
  (a)   Sceptre Investment Counsel                   50%      350  balanced Fund, active

  (b)   McLean Budden Ltd                            10%       70  Canadian equities, active

  (c)   Foyston Gordon & Payne, Inc.                 10%       70  Canadian equities, active

  (d)   Templeton Management Ltd.                     5%       35  International, non-U.S.A. equities, active

        TD Asset Management Ltd.                     20%      140  Canadian fixed income (bonds), passive
        TD Asset Management Ltd.                      5%       35  U.S.A. equities, passive
                   TOTAL
  (e)   TD Asset Management Ltd.                     25%      175  passive fund


                                      TOTAL         100%      700



        Total Canadian equities                      40%      280
        Total Canadian Bonds                         40%      280
        Total Foreign                                20%      140

        Total                                       100%      700
m.abramson 1997 fund management