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<SEC-DOCUMENT>0001204459-03-000396.txt : 20031022
<SEC-HEADER>0001204459-03-000396.hdr.sgml : 20031022
<ACCEPTANCE-DATETIME>20031021175143
ACCESSION NUMBER:		0001204459-03-000396
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20031022

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:		03950451

	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>eldorado13g.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">UNITED STATES </p>
<p align="center">SECURITIES AND EXCHANGE COMMISSION </p>
</b></font><font FACE="Times New Roman" SIZE="2">
<p align="center">Washington, D.C. 20549</font><font FACE="Times New Roman"> </p>
</font><b><font FACE="Times New Roman" SIZE="4">
<p align="center">SCHEDULE 13G </p>
</font><font FACE="Times New Roman" SIZE="2">
<p align="center">Under the Securities Exchange Act of 1934 (Amendment No. )*
</p>
</font><font FACE="Times New Roman">
<p align="center"><u>ELDORADO GOLD CORPORATION </u></font></b>
<font FACE="Times New Roman"><u><br>
</u>(Name of Issuer) </p>
<b>
<p align="center"><u>COMMON SHARES <br>
</u></b>(Title of Class of Securities) </p>
<b>
<p align="center"><u>284902103<br>
</u></b>(CUSIP Number) </font><font FACE="Times New Roman"><b></p>
<p align="center"><u>October 20, 2003 <br>
</u></b>(Date of Event Which Requires Filing of this Statement) </p>
<p>Check the appropriate box to designate the rule pursuant to which this
Schedule is filed: </p>
<p>[</font><font FACE="Times New Roman"><b> </b>] Rule 13d-1(b) <br>
[</font><font FACE="Times New Roman"><b>X </b>] Rule 13d-1(c) <br>
[</font><font FACE="Times New Roman"><b> </b>] Rule 13d-1(d) </p>
<p ALIGN="left">*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. </p>
<p ALIGN="left">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). </p>
<p ALIGN="center">Page 1 of 5 pages </p>
<hr>
<table CELLSPACING="0" BORDER="0" WIDTH="704" bordercolorlight="#000000" cellpadding="0" bordercolordark="#000000" style="border-collapse: collapse" bordercolor="#111111">
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman">CUSIP No.</font></td>
    <td WIDTH="272" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>284902103</b></font></td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="387" COLSPAN="3"><font FACE="Times New Roman" SIZE="2">1. </font>
    <font FACE="Times New Roman">Names of Reporting Persons.</font></td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="686"><font FACE="Times New Roman">I.R.S.
    Identification Nos. of above persons (entities only).</font></td>
  </tr>
  <tr>
    <td WIDTH="684" COLSPAN="7"><font FACE="Times New Roman"><b>Dynamic Mutual
    Funds Ltd., 55<sup>th </sup>Floor, Scotia Plaza, 40 King Street West,
    Toronto,</b></font></td>
  </tr>
  <tr>
    <td WIDTH="385" COLSPAN="3" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>Ontario, Canada&nbsp; M5H 4A9</b></font></td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="686"><font FACE="Times New Roman" SIZE="2">2. </font>
    <font FACE="Times New Roman">Check the Appropriate Box if a Member of a
    Group (See Instructions)</font></td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">(a)</font></td>
    <td WIDTH="64"><font FACE="Times New Roman"><b>N/A</b></font></td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman">(b)</font></td>
    <td WIDTH="64" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="206" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="179" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman" SIZE="2">3. </font>
    <font FACE="Times New Roman">SEC Use Only</font></td>
    <td WIDTH="206" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="288" COLSPAN="4" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman" SIZE="2">4. </font>
    <font FACE="Times New Roman">Citizenship or Place of Organization:</font></td>
    <td WIDTH="400" COLSPAN="3" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>Toronto, Ontario, Canada</b></font></td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">Number of</font></td>
    <td WIDTH="272" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman" SIZE="2">5.</font><font FACE="Times New Roman">
    Sole Voting Power</font></td>
    <td WIDTH="63" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>12,160,709</b></font></td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">Shares</font></td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">Beneficially</font></td>
    <td WIDTH="272" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman" SIZE="2">6.</font><font FACE="Times New Roman">
    Shared Voting Power</font></td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="104" colspan="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>Nil</b></font></td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">Owned by</font></td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">Each</font></td>
    <td WIDTH="173" COLSPAN="3" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman" SIZE="2">7.</font><font FACE="Times New Roman">
    Sole Dispositive Power</font></td>
    <td WIDTH="106" COLSPAN="2" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>12,160,709</b></font></td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113"><font FACE="Times New Roman">Reporting</font></td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman">Person With</font></td>
    <td WIDTH="173" COLSPAN="3" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman" SIZE="2">8.</font><font FACE="Times New Roman">
    Shared Dispositive Power</font></td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">
    <font FACE="Times New Roman"><b>Nil</b></font></td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="686"><font FACE="Times New Roman" SIZE="2">9. </font>
    <font FACE="Times New Roman">Aggregate Amount Beneficially Owned by Each
    Reporting Person </font><font FACE="Times New Roman"><b>12,160,709 Common</b></font></td>
  </tr>
  <tr>
    <td COLSPAN="7" width="686"><font FACE="Times New Roman"><b>Shares are held
    within mutual funds managed by Dynamic Mutual Funds Ltd. Acting as</b></font></td>
  </tr>
  <tr>
    <td WIDTH="392" COLSPAN="6"><font FACE="Times New Roman"><b>Investment
    Counsel and Portfolio Manager.</b></font></td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td COLSPAN="7" width="686"><font FACE="Times New Roman" SIZE="2">10. </font>
    <font FACE="Times New Roman">Check if the Aggregate Amount in Row (9)
    Excludes Certain Shares (See Instructions) </font>
    <font FACE="Times New Roman"><b>N/A</b></font></td>
  </tr>
  <tr>
    <td WIDTH="113" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="64" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="206" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="392" COLSPAN="6"><font FACE="Times New Roman" SIZE="2">11. </font>
    <font FACE="Times New Roman">Percent of Class Represented by Amount in Row
    (9)</font></td>
    <td WIDTH="292"><font FACE="Times New Roman"><b>5.10%</b></font></td>
  </tr>
  <tr>
    <td WIDTH="113" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="64" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="206" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113">&nbsp;</td>
    <td WIDTH="64">&nbsp;</td>
    <td WIDTH="206">&nbsp;</td>
    <td WIDTH="16">&nbsp;</td>
    <td WIDTH="50">&nbsp;</td>
    <td WIDTH="54">&nbsp;</td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="336" COLSPAN="5"><font FACE="Times New Roman" SIZE="2">12. </font>
    <font FACE="Times New Roman">Type of Reporting Person (See Instructions)</font></td>
    <td WIDTH="54"><font FACE="Times New Roman"><b>IA</b></font></td>
    <td WIDTH="292">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="113" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="64" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="206" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="16" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="50" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="54" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
    <td WIDTH="292" style="border-bottom-style: solid; border-bottom-width: 2">&nbsp;</td>
  </tr>
</table>
<b>
<p align="center">Page 2 of 5 pages </p>
<hr>
<p>Item 1.</b> (a) Name of Issuer <b>Eldorado Gold Corporation</b> </p>
<b>
<p>Item 1.</b> (b) Address of Issuer's Principal Executive Offices <b>920 - 1055
West Hastings Street, Vancouver, BC, V6E 2E9 </p>
<p>Item 2.</b> (a) Name of Person Filing <b>Dynamic Mutual Funds Ltd. </p>
<p>Item 2.</b> (b) Address of Principal Business Office or, if none, Residence
<b>55<sup>th</sup> Floor, Scotia Plaza, 40 King Street West, Toronto, Ontario,
Canada M5H 4A9 </p>
<p>Item 2.</b> (c) Citizenship <b>Canadian </p>
<p>Item 2.</b> (d) Title of Class of Securities <b>Common Shares </p>
<p>Item 2.</b> (e) CUSIP Number <b>284902103 </p>
<p>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: </p>
</b>
<table CELLSPACING="0" BORDER="0" WIDTH="927">
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(a)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">Broker or dealer
    registered under section 15 of the Act (15 U.S.C. 78o).</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(b)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">Bank as defined in
    section 3(a)(6) of the Act (15 U.S.C. 78c).</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(c)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">Insurance company as
    defined in section 3(a)(19) of the Act (15 U.S.C. 78c).</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(d)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">Investment company
    registered under section 8 of the Investment Company Act of 1940</font></td>
  </tr>
  <tr>
    <td WIDTH="48">&nbsp;</td>
    <td WIDTH="14">&nbsp;</td>
    <td WIDTH="37">&nbsp;</td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">(15 U.S.C 80a-8).</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(e)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">An investment adviser
    in accordance with Rule 13d-1(b)(1)(ii)(E);</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(f)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">An employee benefit
    plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(g)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">A parent holding
    company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(h)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">A savings associations
    as defined in Section 3(b) of the Federal Deposit Insurance Act (12</font></td>
  </tr>
  <tr>
    <td WIDTH="48">&nbsp;</td>
    <td WIDTH="14">&nbsp;</td>
    <td WIDTH="37">&nbsp;</td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">U.S.C. 1813);</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(i)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">A church plan that is
    excluded from the definition of an investment company under section</font></td>
  </tr>
  <tr>
    <td WIDTH="48">&nbsp;</td>
    <td WIDTH="14">&nbsp;</td>
    <td WIDTH="37">&nbsp;</td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">3(c)(14) of the
    Investment Company Act of 1940 (15 U.S.C. 80a-3);</font></td>
  </tr>
  <tr>
    <td WIDTH="48"><font FACE="Times New Roman" SIZE="3">(j)</font></td>
    <td WIDTH="14"><font FACE="Times New Roman" SIZE="3">[</font></td>
    <td WIDTH="37"><font FACE="Times New Roman" SIZE="3">]</font></td>
    <td WIDTH="820"><font FACE="Times New Roman" SIZE="3">Group, in accordance
    with Rule 13d-1(b)(1)(ii)(J).</font></td>
  </tr>
</table>
<b>
<p>CANADIAN INVESTMENT COUNSEL FIRM </p>
</b>
<p align="center">Page 3 of 5 pages </p>
<hr><b>
<p>Item 4. Ownership. </p>
</b><font FACE="Times New Roman" SIZE="3">
<p ALIGN="left">(a) Amount beneficially owned: </font>
<font FACE="Times New Roman" SIZE="3"><b>12,160,709 Common Shares </b></font>
</p>
<p ALIGN="left"><font FACE="Times New Roman" SIZE="3">(b) Percent of class:
</font><font FACE="Times New Roman" SIZE="3"><b>5.10% </b></font></p>
<p ALIGN="left"><font FACE="Times New Roman" SIZE="3">(c) Number of shares as to
which the person has: <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) Sole power to vote or to
direct the vote </font><font FACE="Times New Roman" SIZE="3"><b>12,160,709
Common Shares <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>(ii) Shared power to vote
or to direct the vote </font><font FACE="Times New Roman" SIZE="3"><b>Nil <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>(iii) Sole power to dispose or to
direct the disposition of </font><font FACE="Times New Roman" SIZE="3"><b>
12,160,709 Common Shares</b> <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv) Shared power to dispose or to
direct the disposition of </font><font FACE="Times New Roman" SIZE="3"><b>Nil</b>
</p>
</font><b>
<p>Item 5. Ownership of Five Percent or Less of a Class </p>
<dir>
  <dir>
    </b>
    <p>Not applicable. </p>
  </dir>
</dir>
<b>
<p>Item 6. Ownership of More Than Five Percent on Behalf of Another Person. </p>
<blockquote>
  <blockquote>
    <p></b>Not applicable. </p>
  </blockquote>
</blockquote>
<b>
<p>Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company </p>
<blockquote>
  <blockquote>
    <p></b>Not applicable. </p>
  </blockquote>
</blockquote>
<b>
<p>Item 8. Identification and Classification of Members of the Group </p>
<blockquote>
  <blockquote>
    <p></b>Not applicable. </p>
  </blockquote>
</blockquote>
<b>
<p>Item 9. Notice of Dissolution of Group </p>
<blockquote>
  <blockquote>
    <p></b>Not applicable.<b> </p>
  </blockquote>
</blockquote>
<p>Item 10. Certification </p>
<dir>
  <dir>
    </b>
    <p>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. </p>
  </dir>
</dir>
<p align="center">Page 4 of 5 pages</p>
<hr><font FACE="Times New Roman" SIZE="4"><b>
<p align="center">SIGNATURE </p>
</b></font>
<p>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. </p>
<div align="right">
  <table CELLSPACING="0" BORDER="0" WIDTH="405" bordercolorlight="#000000" cellpadding="0" bordercolordark="#000000" style="border-collapse: collapse" bordercolor="#111111">
    <tr>
      <td width="403" align="center">
      <div style="border-bottom: 1px solid #000000">
        <font FACE="Times New Roman">October 21, 2003</font></div>
      </td>
    </tr>
    <tr>
      <td width="403" align="center"><font FACE="Times New Roman">Date</font></td>
    </tr>
    <tr>
      <td width="403" align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="403" align="center">
      <div style="border-bottom: 1px solid #000000">
        <font FACE="Times New Roman">&quot;Rohit Sehgal&quot;</font></div>
      </td>
    </tr>
    <tr>
      <td width="403" align="center"><font FACE="Times New Roman">Signature</font></td>
    </tr>
    <tr>
      <td width="403" align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="403" align="center"><font FACE="Times New Roman">Rohit Sehgal,
      Vice-President, Counselling and Chief</font></td>
    </tr>
    <tr>
      <td width="403" align="center">
      <div style="border-bottom: 1px solid #000000">
        <font FACE="Times New Roman">Investment Strategist</font></div>
      </td>
    </tr>
    <tr>
      <td width="403" align="center"><font FACE="Times New Roman">Name/Title</font></td>
    </tr>
  </table>
</div>
<p>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. </p>
<dir>
  <dir>
    <dir>
      <dir>
        <dir>
          <dir>
            <dir>
              <dir>
                <dir>
                  <dir>
                    <p>Page 5 of 5 pages </p>
                  </dir>
                </dir>
              </dir>
            </dir>
          </dir>
        </dir>
      </dir>
    </dir>
  </dir>
</dir>
</font>

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