Superior Propane Income Fund - s. 147

WHEREAS Superior Propane Income Fund (the "Applicant") filed a preliminary prospectus dated January 15, 2001 (the "Preliminary Prospectus") in accordance with National Instrument 44-101 -- Short Form Prospectus Distributions (the "Short Form Rule") relating to an offering of 100,000 Subscription Receipts of the Applicant and received a receipt therefor dated January 16, 2001;

AND WHEREAS the Applicant may file a (final) prospectus on or before January 26, 2001 (the "Prospectus") in accordance with the Short Form Rule and seeks a receipt forthwith thereafter;

AND WHEREAS the Short Form Rule may not provide for relief from the requirement contained in subsection 65(1) of the Act that a period of ten days elapse between the issuance by the Director of a receipt for a preliminary prospectus relating to the offering of a security and the issuance of a receipt for a (final) prospectus (the "Waiting Period Requirement");

AND WHEREAS the Applicant has applied to the Ontario Securities Commission (the "Commission") for an order pursuant to section 147 of the Act that the offering be exempt from the Waiting Period Requirement;

AND WHEREAS the Commission has considered the application and the recommendation of staff to the Commission and is satisfied that to do so would not be prejudicial to the public interest

IT IS ORDERED pursuant to section 147 of the Act that:

(a) the Waiting Period Requirement shall not apply to the Offering; and

(b) no fee shall be payable in connection with the making of this application.

January 19, 2001.

John A. Geller, R. Stephen Paddon