CIBC Private Client Fund - Change to Daily Dealing

The Board of Directors wish to announce that as of Thursday,

01 August 2002, shares in the above Fund will able to be dealt on a

daily basis, rather than Thursday of each week as at present. It is

anticipated that this added flexibility will bring significant

enhancements in service quality to shareholders.


Further inquiries please contact:


Contact: Mandy Trotter

Tel No: +44 (0) 1481 720321

Fax No: +44 (0) 1481 716117