Principal Protected Notes

Dundee Bank of Canada S&P/TSX 60® Absolute Return V-Notes, Series 1

Issuer:	Dundee Bank of Canada
Issue Date:	October 5, 2007
Maturity Date:	November 5, 2009 – 2 yr term
Principal Payment:	100% Principal repayment if held to maturity
Variable Payment:	Variable Return, if any, linked to the price performance of the Index(See Variable Return Calculation for more details)
Index:	S&P/TSX 60® Index
FundSERV Code:	DUN220

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