Securities Law & Instruments


Clause 213(3)(b) of the Loan and Trust Corporations Act - application for approval to act as trustee.

Statutes Cited

Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., clause 213(3)(b).

January 13, 2004

Borden Ladner Gervais LLP
20 Queen Street West
Suite 800
Toronto, Ontario
M5H 3S8

Attention: Leslie Erlich

Dear Sirs/Mesdames:

Crystal Wealth Management System Limited ("Crystal")
Application for approval to act as trustee of OneFund Diversified Plus and other pooled funds which may be established and managed by Crystal in the future and offered pursuant to a prospectus exemption (the "Funds")

Further to your application dated December 23, 2003 (the "Application") filed on behalf of Crystal and based on the facts set out in the Application, pursuant to the authority conferred on the Ontario Securities Commission (the "Commission") in clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that Crystal act as trustee of the Funds.

"Paul M. Moore"
"Lorne H. Morphy"