Proceedings

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990 c. S. 5, AS AMENDED
AND
IN THE MATTER OF
DAVID G.C. ANDRUS
NOTICE OF HEARING
(Section 127)

TAKE NOTICE THAT the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990,c. S.5, as amended (the "Act") at its offices of the the 8th floor, 20 Queen Street West, Toronto, Ontario, commencing on the 24th day of March, 1998 at 2:00o'clock in the afternoon or so soon thereafter as the hearing can be held;

TO CONSIDER:

(a) whether in the opinion of the Commission it is in the public interest for the Commission to make an order pursuant to section 127 of the Act, suspending,restricting, terminating or imposing terms and conditions upon the registration of David G. C. Andrus ("Andrus");

(b) whether in the opinion of the Commission it is in the public interest for the Commission to make an order pursuant to section 127 of the Act, subject to suchterms and conditions as the Commission may impose, that any or all of the exemptions contained in Ontario securities law do not apply to Andrus; and

(c) such further and other orders as the Commission may deem appropriate.

BY REASON of the allegations as set out in the related Statement of Allegations made by staff of the Commission dated March 5th, 1998 that the conduct ofAndrus was not in the public interest;

AND TAKE NOTICE that any party to the proceeding may be represented by counsel at the hearing;

AND TAKE FURTHER NOTICE that, upon failure of any party to attend at the time and place aforesaid the hearing may proceed in the absence of that partyand such party is not entitled to any further notice in the proceeding.

March 5th, 1998.

"Daniel P. Iggers"