TORONTO, Aug. 7 /CNW/ - TD Asset Management Inc. (TDAM) announced
long-term fund net sales of $113 million and money market fund net sales of
$15 million for total net fund sales of $128 million in the month of July.
    TD Mutual Funds' top selling funds for the month included the TD Dividend
Income Fund, TD Dividend Growth Fund, TD Monthly Income Fund, TD Income
Advantage Portfolio and the TD Managed Income Portfolio.

    About TD Asset Management Inc.
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    Under the TD Mutual Funds name, TDAM provides a diverse range of over 68
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 July 31, 2007, TDAM was the
fourth largest mutual fund company in Canada, with $55.1 billion invested in
TD Mutual Funds.

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