TORONTO, Jan. 7 /CNW/ - TD Asset Management Inc. (TDAM) announced money
market fund net sales of $432 million and long-term fund net sales of
$9 million for total net fund sales of $441 million in the month of December.
    TD Mutual Funds' top selling long-term funds for the month included the
TD Dividend Income Fund, TD Dividend Growth Fund, TD Emerging Markets Fund and
TD Balanced Growth Fund.

    About TD Asset Management Inc.
    ------------------------------
    Under the TD Mutual Funds name, TDAM provides a diverse range of over
70 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 December 31, 2007, TDAM was
the fourth largest mutual fund company in Canada, with $55.8 billion invested
in TD Mutual Funds.

For further information: Lisa Hodgins, TD Bank Financial Group, (416)
983-2982, lisa.hodgins@td.com