TORONTO, Dec. 5 /CNW/ - TD Asset Management Inc., the manager of TD
Mutual Funds, is pleased to announce that TD Mutual Funds was honoured by the
Canadian investment industry at the 14th annual Canadian Investment Awards
held on December 3. The TD U.S. Mid-Cap Growth Fund was awarded the Mutual
Fund Analysts' Choice Award for the "US Small/Mid Cap Equity Fund of the
Year."
    This award is granted to a fund that demonstrates excellence in a range
of quantitative and qualitative criteria including performance, risk/return
profile, fee structure and management quality.
    "We are very proud to have this fund recognized as the best in its
category for the second year in a row," says Tim Pinnington, President of TD
Mutual Funds. "This accomplishment speaks to the strength of our funds and the
reputation of our professional money managers. In spite of challenging market
conditions, we continue to offer a strong line-up of mutual funds to
investors."
    TD Bank Financial Group was also awarded silver in a new award category,
"Green Company Award for Environmental Leadership."
    "To be recognized as a leader for our environmental efforts is a great
honour," continues Pinnington. "Through our TD Friends of the Environment
Foundation, we have been preserving and protecting the environment for nearly
two decades. TD is also the first major bank in Canada to commit to ensuring
our operational footprint is carbon neutral - a goal we will achieve in 2010."

    Three other TD Mutual Funds were named as finalists in the following
categories.
    -   TD U.S. Small-Cap Equity - U.S. Small/Mid Cap Equity Fund
    -   TD Dividend Growth - Canadian Dividend & Income Equity Fund
    -   TD Health Sciences - Healthcare Equity Fund

    About TD Asset Management Inc. (TDAM)

    Under the TD Mutual Funds name, TDAM provides a diverse range of over 60
mutual funds and 15 professionally managed portfolios. TDAM manages retail
mutual fund assets on behalf of more than 1.4 million investors and TD Mutual
Funds is one of the most broadly diversified fund families in Canada. Funds
are available at TD Canada Trust branches (through TD Investment Services Inc.
representatives), TD Waterhouse Discount Brokerage, Financial Planning and
Private Investment Advice, as well as leading investment dealers, independent
brokers, advisors and financial planners. As of November 30, 2008, TDAM was
the fourth largest mutual fund company in Canada, with $46.7 billion invested
in TD Mutual Funds.

For further information: Maria Leung, TD Bank Financial Group, (416)
983-4093, maria.leung@td.com