Managed Future Notes - Program Diversification

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	Advisor / Index Diversification As of March 2007


	Market Diversification As of March 2007

Summary


	Advisor/Index		Market		Per cent Allocation

	C-View Limited (4X)		Global Currency		3.13%
	Cornerstone Quantitative Investment Group (2X)		Global Diversification		6.42%
	Cornerstone Quantitative Investment Group (RCA-2X)		Global Commodities		3.72%
	Grinham Corporation (1.5X)		Global Diversification		10.64%
	Mississippi River Investments		Commodities Program		2.97%
	Rogers Agricultural Index		Agricultural Index		4.79%
	Rogers International Commodity Index^SM (RICI)		Commodities Index		4.28%
	Unallocated Assets				64.05%

Historical Performance >>


	CWB Managed Futures Notes are only offered for sale in the provinces and territories of Canada. CWB Managed Futures Notes are only offered for sale in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such securities.

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