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Prospectus

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Dated May 30, 2002. This simplified prospectus is a concise outline of the relevant information about the CEO Funds: CEO Hirsch Opportunistic Canadian Fund, CEO Hirsch Opportunistic Tactical Allocation Fund, CEO Hirsch Opportunistic Natural Resource Fund and CEO Canadian Demographic Fund which you should know before making an investment decision to purchase units of any of the funds. This simplified prospectus is available in both English and French.

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