AIC Group Of Funds

March 5, 2004

We would like to place on record our satisfaction with the way your company has assisted us over the last 10 years and, in particular, when we moved into our new building in Burlington. We developed 104,000 square feet of additional office space and the furnishings for this area were supplied and installed entirely by your company.

Over the last two years, AIC has expanded into the Caribbean and you have continued to support us in our remanufacturing and renovation programs. The new National Commercial Bank and AIC (Jamaica) Limited offices are spectacular and are a delight to our staff and our customers.

The first six branches of the National Commercial Bank that were redesigned are now complete and in the coming year we plan to continue our program of renovation for our head office and other branches.

With our good wishes for your continued success,

Yours Sincerely,

Paul Brooks

Vice President

AIC (Barbados) Ltd.