Pursuit Financial Management Corp. and Pursuit Funds - ss. 62(5)

Order

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED (the "Act")

AND
IN THE MATTER OF
PURSUIT FINANCIAL MANAGEMENT CORPORATION

AND

IN THE MATTER OF

PURSUIT CANADIAN BOND FUND
PURSUIT CANADIAN EQUITY FUND
PURSUIT MONEY MARKET FUND
PURSUIT GLOBAL BOND FUND
PURSUIT GLOBAL EQUITY FUND
PURSUIT GROWTH FUND
(collectively, the "Funds")

ORDER
(Subsection 62(5))

UPON an application (the "Application") from Pursuit Financial Management
Corporation (the "Manager") on behalf of the Funds for an order pursuant to subsection 62(5) of the Act that the time limits pertaining to the distribution of Mutual Fund units under the current simplified prospectus and annual information form (the "Prospectus") of the Funds be extended to those time limits that would be applicable if the lapse date of the Prospectus was January 2, 2001;

AND UPON considering the Application and the recommendation of staff of the
Ontario Securities Commission;

AND UPON the Manager having represented as follows:

1.Each of the Funds is established under the laws of the Province of Ontario by its respective declaration of trust.

2.The Funds are reporting issuers under the Act and are not in default of any of the requirements of the Act or the Regulations made thereunder.

3.The units of the Funds are currently being offered only in Ontario and this Application is not being made in any other jurisdiction.

4.Pursuant to subsection 62(5) of the Act, the lapse date (the "Lapse Date") for distribution of the securities of the Funds is December 22, 2000.

5.A pro forma simplified prospectus and annual information form for the securities of the Funds was filed in Ontario on November 22, 2000. The Manager has received comments from the Ontario Securities Commission indicating a concern with the disclosure provided for the Pursuit Global Bond Fund and, due to the nature of the concerns raised, the Manager needs additional time to consider the comments and reach a resolution with staff at the Ontario Securities Commission.

AND UPON the undersigned being satisfied that to do so would not be prejudicial
to the public interest;

IT IS ORDERED pursuant to subsection 62(5) of the Act that the time limits
provided by the Act as they apply to the distribution of units pursuant to the Prospectus are hereby extended to the time limits that would be applicable if the Lapse Date for the distribution of securities under the Prospectus of the Funds was January 2, 2001.

January 2, 2001


Paul A. Dempsey
Assistant Manager/Senior Legal Counsel
Investment Funds, Capital Markets