TORONTO, June 6 /CNW/ - TD Asset Management Inc. (TDAM) announced
long-term fund net sales of $318 million and money market fund net sales of
$252 million for total net fund sales of $570 million in the month of May.
    "May was another great month for TD Mutual Funds," said Tim Pinnington,
President, TD Mutual Funds. "We feel that our strong sales reflect the
confidence that our investors and their advisors have in the value of our
product line-up."
    TD Mutual Funds' top selling funds in May included the TD Income
Advantage Portfolio, the TD Managed Income Portfolio, TD Dividend Income Fund
and the TD Managed Income & Moderate Growth Portfolio.

    About TD Asset Management Inc.
    ------------------------------
    Under the TD Mutual Funds name, TDAM provides a diverse range of over
65 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 May 31, 2007, TDAM was the
fourth largest mutual fund company in Canada, with nearly $56 billion invested
in TD Mutual Funds.

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