Securities Law & Instruments


Approval under clause 213(3)(b) of the Loan and Trust Corporations Act -- Manager of trust unable to rely upon Approval 81-901 -- Approval of Trustees of Mutual Fund Trusts as units to be sold pursuant to dealer registration and prospectus exemptions -- trust created to facilitate public offering by another trust -- each trusts' portfolio linked to the other through forward agreement - manager approved to act as trustee.

Statutes Cited

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

February 18, 2005

Stikeman Elliott LLP
5300 Commerce Court West
199 Bay Street, Toronto
M5L 1B9

Attention: Danielle Denomy

Application by Brompton AOG Management Limited (the "Applicant") for approval to act as trustee of O&G Trust
Application No. 088/05

Further to the application dated February 3, 2005 (the "Application") filed on behalf of the Applicant, and based on the facts set out in the Application, under 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 the Applicant act as trustee of O&G Trust which it will manage.

"Paul M. Moore"
"David L. Knight"