• Commission savings - Active investors can earn commission discounts of up to 50% on Canadian and U.S. Equity and option trades made through our online, automated telephone and live-agent telephone service channels*.
  
  

  Level	Quarterly Gross Commission	Commission Discount Online, Automated Telephone and Live-Agent Trades
  5	$1,250 - $3,749	20%
  4	$3,750 - $6,249	25%
  3	$6,250 - $12,499	30%
  2	$12,500 - $24,999	40%
  1	$25,000 +	50%
  6	Accounts with assets of $1 million or more	5%

  
  With Scotia Select Service, your commission discounts are applied immediately as you trade. There's no need to wait for a rebate to be deposited to your account each month or each quarter. Your discount applies to trades made through your choice of our online, automated telephone and live-agent telephone channels.
  
  And, when you make multiple trades in the same account, for the same security, on the same exchange and same side of the market on the same day, your trades will be consolidated and your commission will be calculated based on the total shares traded.
  
  Your eligibility for Scotia Select Service is based on the total gross commission generated by all of your qualified accounts**.
  
  
• QuoteStream^β - exclusive access to a revolutionary online tool that offers a broad range of live, streaming financial information.
  
  
• Online research - world-class, institutional research from Canadian and U.S. resources.
  
  
• Individualized service - a dedicated team of Scotia Select Investment Specialists to provide assistance with all your account needs.
  
  
• A preferred telephone number - enjoy direct telephone access to a specially-qualified team of Investment Specialists.
  
  
• No-fee banking services - special offers from the Scotiabank Group give you the ability to save on fees and see your whole financial picture on one website with one log in.
  
  
• Preferred rates - benefit from preferred interest rates on credit and margin balances.
  
  
• No-fee RSP - save on the annual administration fees for your RSP and RIF accounts.
  
  

Be sure to take full advantage of this exceptional opportunity. By consolidating your investments at other financial institutions with ScotiaMcLeod Direct Investing, you’ll not only simplify the record-keeping and management of your accounts – you can also enhance the level of discount you receive on trading commissions.

For more information about Scotia Select Service, call 1 800 263-3430 today.

* Membership in Scotia Select Service is reviewed quarterly each year in January (3-month period ending December 31), April (3-month period ending March 31), July (3-month period ending June 30), and October (3-month period ending September 30) to ensure qualification criteria are met. Your earned commission discount will be adjusted automatically on the first business day of the month following the review. ScotiaMcLeod Direct Investing reserves the right to alter the benefits of Scotia Select Service at any time. Commission discounts are quoted as of August 1, 2006 and are subject to change at any time.

** Qualified accounts include all accounts at the same mailing address of which you are the owner or co-owner and the accounts of your spouse or partner. For Level 6, you must have one account that qualifies.

β QuoteStream is a trademark of QuoteMedia Inc. ScotiaMcLeod Direct Investing is an authorized user of the mark. Access to QuoteStream is available at no charge to clients who qualify for Scotia Select Service at Levels 1 through 5 only.

The information and opinions contained in this publication are those of the author(s) and have been arrived at from sources believed to be reliable, but no representation or warranty express or implied, is made as to their accuracy or completeness. Neither ScotiaMcLeod Direct Investing (SMDI) nor its affiliates accepts any liability whatsoever for any loss arising from any use of this information or its contents. This information is not, and is not to be construed as, an offer to sell or solicitation of an offer to buy any securities. SMDI, its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold, or sell the securities mentioned herein as principal agent and may serve as directors of corporations referred to herein. SMDI and/or its affiliates may have acted as financial advisor and/or underwriter for certain of the corporations mentioned herein and may have received and may receive remuneration for same.