WPC*  
      m)     틷N\xXnlz!n?-A6G_mBgRB/ڃ܀hF	a,:hy焙d?<pTixM?>a|ӡnG;-D(;u-ub߭OQ}
=z'S`W<*)>}vL%$QS80i#?~b7QyLIᤗGU
|.N`.~UkdF<uEΥɎMKQȯq
!!
5$Vnޣ|%sAAG[S8S;5,K|2#}	$!u$_mW}54g{߯~,(	k>I`+(k_Nx՞ m1aVX 5
f8ұL5>PP	A<3mbX;q 
           #        U   N     	%        0         U   D   {  w   @     4                      "   H P   L a s e r J e t   I I I S i                                         HPPCL5MS      ,,,,, ,0                                                                                                                                                            nL( 9  	   Z  6 T i m e s   N e w   R o m a n   R e g u l a r           X    (   h               $          X X  X X      &d & X X         UKUS. ,       ,  
  A   Z   , A r i a l   ( W 1 )   R e g u l a r         
    E     	( e
 D  Ӏ     V  D ["    x  x x l < 3| x           
   !    X X  X X      &l & X X         UKUS. ,           ݛ@      MATERIALCHANGEREPORTUNDER   	       @    $	$	  SECURITIESACT(BRITISHCOLUMBIA)SECTION67(1)FORM27   	 `   @    

  SECURITIESACT(ALBERTA)SECTION118(1)FORM27   	 8   @      THESECURITIESACT(SASKATCHEWAN)SECTION84(1)FORM25   	 `   @    

  THESECURITIESACT(MANITOBA)   	 8   @    

  SECURITIESACT(ONTARIO)SECTION75(2)FORM27   	 	   @      SECURITIESACT(QUEBEC)SECTION73   	 
   @      THESECURITIESACT(NEWFOUNDLAND)SECTION76(2)FORM26   	 p   @    

  SECURITIESACT(NOVASCOTIA)SECTION81(2)FORM27   	 H	   @    		  SECURITIESFRAUDSPREVENTIONACT(NEWBRUNSWICK)   	  p
   @    XX  SECURITIESACT(PRINCEEDWARDISLAND)   	 H	   1.     ReportingIssuer:   	         EnerMarkIncomeFund,Suite1900,7009thAvenueS.W.,Calgary,Alberta,T2P3V4.   	 0   2.     DateofMaterialChange:   	         July25,1997.   	 x   3.     PressRelease:   	 l        APressReleaseannouncingthematerialchangeswasissuedonJuly24,1997for   	         CanadawidedistributionthroughCanadaNewsWire.   	    4.     SummaryofMaterialChange:   	 <   0     EnerMarkhasenteredintoanunderwritingagreementwithasyndicateledbyCIBCWood   	 <   GundySecuritiesInc.forthe hteissuebyEnerMarkof12millionTrustUnitsatapriceof$7.10perTrustUnit,fortotalgrossproceedsof$85.2million.Theunderwritingagreementalsograntstotheunderwritersanoverallotmentoptiontopurchaseanadditional1millionTrust 	U	 nt 	its		Units	attheissuepriceonorbeforeclosing.    (#(#  5.     FullDescriptionofMaterialChange:   	 !#        SeeattachedPressRelease.   	 d#%   6.     RelianceonSubsection118(2)ofSecuritiesAct(Alberta)orequivalentsection:   	 $L '        Notapplicable.   	 &!)   7.     OmittedInformation:   	 D(#+        Notapplicable.   	 )D%-   8.     SeniorOfficers:   	 +&/        EricTremblay		,VicePresident,CorporateDevelopmentof		EMR		ResourceManagementLtd.,   	 <-(1   ManagerofEnerMarkIncomeFund,maybereachedat(403)2982293. 
   	 .X)2      	 .X)2   
	   	 .X)2   @    JJ(  29.     StatementofSeniorOfficer:   	 d        Theforegoingaccuratelydisclosesthematerialchangereferredtoherein.   	    0     0    `	(#(# 0    `	(#`	(# 0    (#(# 0    h(#(# 0    h(#h(# ThestatementismadeintheCityofCalgary,intheProvinceofAlbertaasofJuly25,1997.    (#(#  ̜         `	               h               `	               h      (Sgd.)KellyI.Drader		    (#(#K (#    	 @            `	               h      SeniorVicePresidentandChiefFinancialOfficer,         `	               h      EnerMarkIncomeFundITISANOFFENSEFORAPERSONTOMAKEASTATEMENTINADOCUMENTREQUIREDTO   	 <   BEFILEDORFURNISHEDUNDERTHESECURITIESACTORTHISREGULATIONTHAT,ATTHETIMEANDINTHELIGHTOFTHECIRCUMSTANCESUNDERWHICHITISMADE,ISAMISREPRESENTATION.   	 t   М	   	 L   ̜ 	   	 h   @      AVISDECHANGEMENT		IMPORTANT   	       1.     		metteur				assujetti		   	 8        EnerMarkIncomeFund,700		9th		AvenueS.W.Bureau1900,Calgary(Alberta)T2P3V4.   	 8   2.     Datedu		changement		important   	 
        Le25		juillet		1997.   	 0	   3.     Communiqude		presse		   	 	   0     Uncommuniqude		presse				annonant				le				changement		importanta		t				diffus				le		24		juillet		   	 x
   1997au		moyen		du		rseau		dediffusioncanadiendeCanadaNewsWire.    D (#(#  4.     Sommaireduchangementimportant   	 @   0     Le24juillet1997EnerMarkIncomeFundaannonclinscriptiondunprospectussimplifi   	    provisoirepouruneoffredesespartsdefiducie.EnerMarkesprelev85,2millionsdedollars.    (#(#  5.     Descriptioncomplteduchangementimportant   	          Voirlecommuniqudepresse.   	    6     Sansobjet   	 h   7.     Sansobjet   	    8.     Membresdelahautedirection   	 x   0     VouspouvezjoindreM.ricTremblay,VicePrsident,Expansiondelasocit,chezEMR   	 (x    ResourceManagementLtd.,legestionnairedeEnerMarkIncomeFund,au(403)2982293.    (#(#  	   	  "   @    JJ(  29.     Dclarationdumembredelahautedirection   	 0   0     Letextequiprcdeconstitueunedivulgationcomplteduchangementimportantdontilest   	 	   questionauxprsentes.    (#(#  0     0    `	(#(# 0    `	(#`	(# 0    (#(# 0    h(#(# 0    h(#h(# 0    (#(# AvisfaitenlavilledeCalgary,provincedAlberta,endatedu25juillet1997.    (#(#           `	               h           (sgd)    p KellyI.Drader   	 $t
   0     0    `	(#(# 0    `	(#`	(# 0    (#(# 0    h(#(# 0    h(#h(# 0    (#(# 0    p(#(# Premierviceprsidentetchefdeladirectiondesfinances,    p(#p(#           `	               h               p EnerMarkIncomeFundCOMMETUNEOFFENCE,TOUTEPERSONNEQUIFAITUNEDCLARATIONDANSTOUT   	  p   DOCUMENTDEVANT*TREDPOSOUSOUMISENVERTUDESLOISDESVALEURSMOBILI.RES,LASACHANTFAUSSEAUMOMENTET LALUMI.REDESCIRCONSTANCESDANSLAQUELLEELLEATFAITE.   	    	   	     @    $  PRESSRELEASE   	 @	   @      ENERMARKINCOMEFUNDANNOUNCES@      NEWISSUEOFTRUSTUNITSCalgaryJuly24,1997EnerMarkIncomeFundtodayannouncedthatithasenteredintoan   	 (x   underwritingagreementwithasyndicateledbyCIBCWoodGundySecuritiesInc.fortheissuebyEnerMarkof12millionTrustUnitsatapriceof$7.10perTrustUnit,fortotalgrossproceedsof$85.2million.Theunderwritingagreementalsograntstotheunderwritersanoverallotmentoptiontopurchaseanadditional1millionTrustUnitsattheissuepriceonorbeforeclosing.TheissueissubjecttoEnerMarkreceivingreceiptsforafinalprospectus,whichEnerMarkisintheprocessoffilingwithsecuritiesregulatoryauthoritiesineachoftheprovincesofCanada.ClosingoftheissueisscheduledforAugust8.Assumingthatthisissueclosesasscheduled,UnitholdersacquiringTrustUnitspursuanttotheofferingwillbeentitledtoreceivemonthlycashdistributionsoftheFundaftertheclosingdate.TherecorddatefortheFundsnextcashdistributionisAugust10,1997.Forfurtherinformation,pleasecall18003196462         `	               h               p      ChristinaS.Meeuwsen         `	               h               p      Secretary         `	               h               p      EnerMarkIncomefund