Toronto, Dec. 8, 2008 – TD Asset Management Inc. (“TDAM”), the manager of TD Mutual Funds, today announced the launch of the TD Comfort Portfolios. “The TD Comfort Portfolios provide customers with access to some of our top quality funds through one ready-made solution,” says Tim Pinnington, President TD Mutual Funds. “Investors can rest assured that through our best-in-class fund managers, we are helping them stay on track in reaching their investing goals.”

The Comfort Portfolios are a convenient all-in-one investment solution that offers:

• Diversification – Comfort Portfolios are comprised of up to five quality TD Mutual Funds wrapped into one easy-to-understand portfolio
• Reassurance – There is a Comfort Portfolio designed to meet specific investor preferences, from conservative to aggressive
• Confidence – Professional portfolio managers regularly monitor and adjust the Comfort Portfolios as needed, seeking to maximize their potential returns over the long-term according to their risk levels
• Value – Comfort Portfolios have management fees currently among the lowest in the industry for comparable investments

TD Comfort Portfolios are sold through TD Canada Trust branches¹. They are available in no-load Investor Series units only and are designed to meet a range of investment objectives. The Comfort Portfolios are as follows:

• TD Comfort Conservative Portfolio
• TD Comfort Moderate Portfolio
• TD Comfort Balanced Portfolio
• TD Comfort Growth Portfolio
• TD Comfort Equity Portfolio

“By combining the exciting new TD Comfort Portfolios with the award-winning service offered at TD Canada Trust, our customers can truly enjoy a comfortable investing experience,” adds Pinnington.

About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 mutual funds and 15 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 million investors and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Waterhouse Discount Brokerage, Financial Planning and Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of November 30, 2008, TDAM was the fourth largest mutual fund company in Canada, with $46.7 billion invested in TD Mutual Funds.

For more information, please see the TD Mutual Funds prospectus, or contact:

Maria Leung
TD Bank Financial Group
416-983-4093

¹Mutual Fund Representatives with TD Investment Services Inc. distribute mutual funds at TD Canada Trust branches.