-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HoqGKtLv8T4GRMMWHwqmrg+TVaS1oM9LaALfHuFvuCMiFMa8TzOtgUyrFsZEg2l+
 SRiNiTCVOehBU9qV4G3XgA==

<SEC-DOCUMENT>0001204459-03-000380.txt : 20031009
<SEC-HEADER>0001204459-03-000380.hdr.sgml : 20031009
<ACCEPTANCE-DATETIME>20031009094848
ACCESSION NUMBER:		0001204459-03-000380
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20031009

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELDORADO GOLD CORP                                      /FI
		CENTRAL INDEX KEY:			0000918608
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79121
		FILM NUMBER:		03934263

	BUSINESS ADDRESS:	
		STREET 1:		920 - 1055
		STREET 2:		WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 2E9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELDORADO CORP LTD                                       /FI
		DATE OF NAME CHANGE:	19960701

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DYNAMIC MUTUAL FUNDS LTD
		CENTRAL INDEX KEY:			0000944388

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		SCOTIA PLAZA
		STREET 2:		40 KING ST WEST 55TH FL
		CITY:			TORONTO CANA M5H 4A9
		BUSINESS PHONE:		4168636990

	MAIL ADDRESS:	
		STREET 1:		SCOTIA PLAZA
		STREET 2:		40 KING ST WEST 55TH FL
		CITY:			TORONTO CANADAM5H4A9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DUNDEE INVESTMENT MANAGEMENT & RESEARCH LTD
		DATE OF NAME CHANGE:	19980717
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>sched13geldorado.htm
<DESCRIPTION>ELDORADO GOLD CORPORATION - SCHEDULE 13G
<TEXT>
<html>

<head>

<title>Eldorado Gold Corporation - Schedule 13G - Prepared By TNT Filings</title>
</head>

<body>

<font FACE="Times New Roman"><b>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</b></font><font FACE="Times New Roman" SIZE="2"><br>
</font><font FACE="Times New Roman" style="font-size: 11pt">Washington, D.C.
20549 </p>
</font><b><font FACE="Times New Roman" size="5">
<p align="center">SCHEDULE 13G </p>
</font><font FACE="Times New Roman" style="font-size: 11pt">
<p align="center">Under the Securities Exchange Act of 1934 (Amendment No. )*
</p>
</font><font FACE="Times New Roman">
<p align="center"><u></u><font size="5"><u>ELDORADO GOLD CORPORATION </u><br>
</font></font></b><font FACE="Times New Roman"><font style="font-size: 11pt">
(Name of Issuer) </font></p>
<b>
<p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COMMON SHARES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><br>
</b><font style="font-size: 11pt">(Title of Class of Securities) </font></p>
<b>
<p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp; 284902103&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><br>
</b><font style="font-size: 11pt">(CUSIP Number) </font><b></p>
<p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
September 30, 2003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u><br>
</b><font style="font-size: 11pt">(Date of Event Which Requires Filing of this
Statement) </font></p>
<blockquote>
  <p><font style="font-size: 11pt">Check the appropriate box to designate the
  rule pursuant to which this Schedule is filed: </font></p>
  <p><font style="font-size: 11pt">[<b> </b>] Rule 13d-1(b) </font></font></p>
  <p><font FACE="Times New Roman"><font style="font-size: 11pt">[<b>X </b>] Rule
  13d-1(c) </font></font></p>
  <p><font FACE="Times New Roman"><font style="font-size: 11pt">[<b> </b>] Rule
  13d-1(d) </font></p>
  <p><font style="font-size: 11pt">*The remainder of this cover page shall be
  filled out for a reporting person's initial filing on this form with respect
  to the subject class of securities, and for any subsequent amendment
  containing information which would alter the disclosures provided in a prior
  cover page. The information required in the remainder of this cover page shall
  not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities
  Exchange Act of 1934 (&quot;Act&quot;) or otherwise subject to the liabilities of that
  section of the Act but shall be subject to all other provisions of the Act
  (however, see the Notes). </font></p>
</blockquote>
</font>
<table CELLSPACING="0" BORDER="0" WIDTH="875" cellpadding="0" style="border-collapse: collapse" bordercolor="#111111">
  <tr>
    <td WIDTH="98">&nbsp;</td>
    <td WIDTH="56">&nbsp;</td>
    <td WIDTH="103">&nbsp;</td>
    <td WIDTH="47">&nbsp;</td>
    <td WIDTH="24">&nbsp;</td>
    <td WIDTH="49">&nbsp;</td>
    <td WIDTH="498">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">CUSIP No.</font></td>
    <td WIDTH="159" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>284902103</b></font></td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="257" COLSPAN="3">
    <font FACE="Times New Roman" style="font-size: 11pt">1. Names of Reporting
    Persons.</font></td>
    <td WIDTH="47">&nbsp;</td>
    <td WIDTH="24">&nbsp;</td>
    <td WIDTH="49">&nbsp;</td>
    <td WIDTH="498">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="837">
    <font FACE="Times New Roman" style="font-size: 11pt">&nbsp;&nbsp;&nbsp;
    I.R.S. Identification Nos. of above persons (entities only).</font></td>
  </tr>
  <tr>
    <td WIDTH="837" COLSPAN="7" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>&nbsp;&nbsp;&nbsp;
    Dynamic Mutual Funds Ltd., 55<sup>th </sup>Floor, Scotia Plaza, 40 King
    Street West, Toronto, Ontario, Canada M5H 4A9</b></font></td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="837">
    <font FACE="Times New Roman" style="font-size: 11pt">2. Check the
    Appropriate Box if a Member of a Group (See Instructions)</font></td>
  </tr>
  <tr>
    <td WIDTH="98"><font FACE="Times New Roman" style="font-size: 11pt">&nbsp;&nbsp;&nbsp;
    (a)</font></td>
    <td WIDTH="56"><font FACE="Times New Roman" style="font-size: 11pt"><b>N/A</b></font></td>
    <td WIDTH="103">&nbsp;</td>
    <td WIDTH="47">&nbsp;</td>
    <td WIDTH="24">&nbsp;</td>
    <td WIDTH="49">&nbsp;</td>
    <td WIDTH="498">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">&nbsp;&nbsp;&nbsp; (b)</font></td>
    <td WIDTH="56" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="154" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">3. SEC Use Only</font></td>
    <td WIDTH="103" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="266" COLSPAN="4">
    <font FACE="Times New Roman" style="font-size: 11pt">4. Citizenship or Place
    of Organization:</font></td>
    <td WIDTH="571" COLSPAN="3">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>Toronto, Ontario,
    Canada</b></font></td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" rowspan="7">
    <font FACE="Times New Roman" style="font-size: 11pt">Number of<br>
    Shares<br>
    Beneficially<br>
    Owned by<br>
    Each<br>
    Reporting<br>
    Person With</font></td>
    <td WIDTH="159" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">5. Sole Voting Power</font></td>
    <td WIDTH="36" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="35" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>9,445,309</b></font></td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="159" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">6. Shared Voting Power</font></td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="73" colspan="2" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>Nil</b></font></td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="168" COLSPAN="3" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">7. Sole Dispositive
    Power</font></td>
    <td WIDTH="73" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>9,445,309</b></font></td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="168" COLSPAN="3" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt">8. Shared Dispositive
    Power</font></td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>Nil</b></font></td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="837">
    <font FACE="Times New Roman" style="font-size: 11pt">9. </font>
    <font FACE="Times New Roman"><font style="font-size: 11pt">Aggregate Amount
    Beneficially Owned by Each Reporting Person </font></font></td>
  </tr>
  <tr>
    <td COLSPAN="7" width="837" style="border-bottom-style: solid; border-bottom-width: 1">
    <font FACE="Times New Roman" style="font-size: 11pt"><b>
    <font FACE="Times New Roman"><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;
    9,445,309 Common </font></font>Shares are held within mutual funds managed
    by Dynamic Mutual Funds Ltd. Acting as Investment <br>
&nbsp;&nbsp;&nbsp; Counsel and Portfolio&nbsp;&nbsp; Manager.</b></font></td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98">&nbsp;</td>
    <td WIDTH="56">&nbsp;</td>
    <td WIDTH="103">&nbsp;</td>
    <td WIDTH="47">&nbsp;</td>
    <td WIDTH="24">&nbsp;</td>
    <td WIDTH="49">&nbsp;</td>
    <td WIDTH="498">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="837">
    <font FACE="Times New Roman" style="font-size: 11pt">10. </font>
    <font FACE="Times New Roman"><font style="font-size: 11pt">Check if the
    Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
    </font><b><font style="font-size: 11pt">N/A</font></b></font></td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="339" COLSPAN="6">
    <font FACE="Times New Roman" style="font-size: 11pt">11. Percent of Class
    Represented by Amount in Row (9)</font></td>
    <td WIDTH="498"><font FACE="Times New Roman" style="font-size: 11pt"><b>
    3.96%</b></font></td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-top-style: solid; border-top-width: 1">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="290" COLSPAN="5">
    <font FACE="Times New Roman" style="font-size: 11pt">12. Type of Reporting
    Person (See Instructions)</font></td>
    <td WIDTH="49"><font FACE="Times New Roman" style="font-size: 11pt"><b>IA</b></font></td>
    <td WIDTH="498">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="98" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="56" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="103" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="47" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="24" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="49" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
    <td WIDTH="498" style="border-bottom-style: solid; border-bottom-width: 1">&nbsp;</td>
  </tr>
</table>
<font FACE="Times New Roman" style="font-size: 11pt"><b>
<p>Item 1.</b> (a) Name of Issuer <b><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Eldorado Gold Corporation</b> </p>
</font><font FACE="Times New Roman"><b>
<p><font style="font-size: 11pt">Item 1.</font></b><font style="font-size: 11pt">
(b) Address of Issuer's Principal Executive Offices <br>
</font><b><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
920 - 1055 West Hastings Street, Vancouver, BC, V6E 2E9 </font></p>
<p><font style="font-size: 11pt">Item 2.</font></b><font style="font-size: 11pt">
(a) Name of Person Filing <br>
</font><b><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dynamic Mutual Funds Ltd. </font></p>
<p><font style="font-size: 11pt">Item 2.</font></b><font style="font-size: 11pt">
(b) Address of Principal Business Office or, if none, Residence </font><b>
<font style="font-size: 11pt"><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
55<sup>th</sup> Floor, Scotia Plaza, 40 King Street West, Toronto, Ontario,
Canada M5H 4A9 </font></p>
<p><font style="font-size: 11pt">Item 2.</font></b><font style="font-size: 11pt">
(c) Citizenship <br>
</font><b><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Canadian </font></p>
<p><font style="font-size: 11pt">Item 2.</font></b><font style="font-size: 11pt">
(d) Title of Class of Securities <br>
</font><b><font style="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Common Shares </font></p>
<p><font style="font-size: 11pt">Item 2.</font></b><font style="font-size: 11pt">
(e) CUSIP Number </font><b><font style="font-size: 11pt"><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
284902103 </font></p>
<p><font style="font-size: 11pt">Item 3. If this statement is filed pursuant to
Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: </font>
</p>
</b></font><font FACE="Times New Roman" style="font-size: 11pt">
<p>(a) [<b> </b>] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o). <br>
(b) [<b> </b>] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
<br>
(c) [<b> </b>] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c). <br>
(d) [<b> </b>] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8). <br>
(e) [<b> </b>] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
<br>
(f)&nbsp; [<b> </b>] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F); <br>
(g) [<b> </b>] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G); <br>
(h) [<b> </b>] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813); <br>
(i)&nbsp; [<b> </b>] A church plan that is excluded from the definition of an
investment company <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3); <br>
(j)&nbsp; [<b> </b>] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). </p>
<b>
<p>CANADIAN INVESTMENT COUNSEL FIRM </p>
<p>Item 4. Ownership. </p>
</b>
<blockquote>
  <p>(a) Amount beneficially owned: <b>9,445,309 Common Shares </b></font></p>
  <p><font FACE="Times New Roman" style="font-size: 11pt">(b) Percent of class:
  <b>3.96% </b></font></p>
  <p><font FACE="Times New Roman" style="font-size: 11pt">(c) Number of shares
  as to which the person has: </font><b></p>
  </b><font FACE="Times New Roman" style="font-size: 11pt">
  <blockquote>
    <p>(i) Sole power to vote or to direct the vote <b>9,445,309 Common Shares<br>
    </b>(ii) Shared power to vote or to direct the vote <b>Nil <br>
    </b>(iii) Sole power to dispose or to direct the disposition of <b>9,445,309
    Common Shares</b> <br>
    (iv) Shared power to dispose or to direct the disposition of <b>Nil</b> </p>
  </blockquote>
</blockquote>
</font><font FACE="Times New Roman"><b>
<p><font style="font-size: 11pt">Item 5. Ownership of Five Percent or Less of a
Class </font></p>
</b>
<blockquote>
  <p><font style="font-size: 11pt">Dynamic Mutual Funds Ltd. has disposed of
  3,500,000 common shares of Eldorado Gold Corporation and has ceased being a
  beneficial owner of more than five percent of the class of securities held as
  of the date hereof. </font></p>
</blockquote>
<b>
<p><font style="font-size: 11pt">Item 6. Ownership of More Than Five Percent on
Behalf of Another Person. </font></p>
<blockquote>
  <p></b><font style="font-size: 11pt">Not applicable. </font></p>
</blockquote>
<b>
<p><font style="font-size: 11pt">Item 7. Identification and Classification of
the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company </font></p>
<blockquote>
  <p></b><font style="font-size: 11pt">Not applicable. </font></p>
</blockquote>
<b>
<p><font style="font-size: 11pt">Item 8. Identification and Classification of
Members of the Group </font></p>
<blockquote>
  <p></b><font style="font-size: 11pt">Not applicable. </font></p>
</blockquote>
<b>
<p><font style="font-size: 11pt">Item 9. Notice of Dissolution of Group </font>
</p>
<blockquote>
  <p></b><font style="font-size: 11pt">Not applicable.</font><b><font style="font-size: 11pt">
  </font></p>
</blockquote>
<p><font style="font-size: 11pt">Item 10. Certification </font></p>
</b>
<blockquote>
  <p><font style="font-size: 11pt">By signing below I certify that, to the best
  of my knowledge and belief, the securities referred to above were not acquired
  and are not held for the purpose of or with the effect of changing or
  influencing the control of the issuer of the securities and were not acquired
  and are not held in connection with or as a participant in any transaction
  having that purpose or effect. </font></p>
</blockquote>
<hr></font><font FACE="Times New Roman" style="font-size: 11pt"><b>
<p align="center">SIGNATURE </p>
</b></font><font FACE="Times New Roman">
<p><font style="font-size: 11pt">After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement
is true, complete and correct. </font></p>
<div align="center">
  <center>
  <table CELLSPACING="0" BORDER="0" WIDTH="306" cellpadding="0" style="border-collapse: collapse" bordercolor="#111111">
    <tr>
      <td width="306" align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="306" align="center" style="border-bottom-style: solid; border-bottom-width: 1">
      <font FACE="Times New Roman">October 8, 2003</font></td>
    </tr>
    <tr>
      <td width="306" align="center" style="border-top-style: solid; border-top-width: 1">
      <font FACE="Times New Roman">Date</font></td>
    </tr>
    <tr>
      <td width="306" align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="306" align="center" style="border-bottom-style: solid; border-bottom-width: 1">
      <font FACE="Times New Roman"><i>&quot;Robert Cohen&quot;</i></font></td>
    </tr>
    <tr>
      <td width="306" align="center" style="border-top-style: solid; border-top-width: 1">
      <font FACE="Times New Roman">Signature</font></td>
    </tr>
    <tr>
      <td width="306" align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="306" align="center" style="border-bottom-style: solid; border-bottom-width: 1">
      <font FACE="Times New Roman">Robert Cohen, Analyst</font></td>
    </tr>
    <tr>
      <td width="306" align="center" style="border-top-style: solid; border-top-width: 1">
      <font FACE="Times New Roman">Name/Title</font></td>
    </tr>
    <tr>
      <td width="306">&nbsp;</td>
    </tr>
  </table>
  </center>
</div>
<p><font style="font-size: 11pt">The original statement shall be signed by each
person on whose behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner of the filing
person, evidence of the representative's authority to sign on behalf of such
person shall be filed with the statement, provided, however, that a power of
attorney for this purpose which is already on file with the Commission may be
incorporated by reference. The name and any title of each person who signs the
statement shall be typed or printed beneath his signature. </font></p>
</font>

</body>

</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
