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Investors Group Fund Mergers Approved By Securityholders

Winnipeg, MB – September 2, 2008: At meetings held today, securityholders of several Investors Group Funds approved the following mergers involving funds with similar existing mandates. The mergers are expected to provide several benefits, including enhanced diversification opportunities and in some cases lower management and administration fees.

Merging Fund/Class*   Continuing Fund/Class*
IG FI U.S. Equity Fund/Class* into IG AGF U.S. Growth Fund/Class*
IG FI Global Equity Fund/Class* into Investors Global Fund/Class*
IG Templeton World Allocation Fund into Investors Tactical Asset Allocation Fund

Regulatory approval for these mergers has also been obtained. These mergers are expected to occur after the close of business on September 5, 2008. The costs associated with the fund mergers are being borne by Investors Group.

Adjustments will also be made to the composition of the AllegroTM Conservative and AllegroTM Moderate Conservative Portfolios, in conjunction with the merger involving the IG FI U.S. Equity Fund. Also, the Allegro Moderate Conservative Portfolio will be rebalanced to invest 8% of its assets in IG FI Canadian Equity Fund with an offsetting decrease in the Portfolio’s current investment in the IG Mackenzie Maxxum Canadian Equity Growth Fund. These changes are expected to occur in conjunction with the mergers after the close of business on September 5, 2008.

*The class versions of these mutual funds are separate classes of shares issued by Investors Group Corporate Class Inc.

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 4,300 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s premier financial services companies with $116.8 billion in total assets under management.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The Funds are distributed across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm), and Investors Group Securities Inc. (in Quebec, a firm in financial planning.)

Media Contact:
Ron Arnst
Media Relations
(204) 956-3364
ron.arnst@investorsgroup.com