Assante Announces Changes To Assante Artisan Portfolios

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  ASSANTE CORPORATION

TSX SYMBOL:  LMS

JUNE 17, 2003 - 17:06 ET

Assante Announces Changes To Assante Artisan Portfolios

WINNIPEG, MANITOBA--Assante Corporation (TSX: LMS) subsidiary 
Assante Asset Management Ltd., manager of the Assante Artisan(TM) 
Portfolios, today announced proposed changes to the underlying 
fund holdings of the Artisan New Economy Portfolio and the 
Artisan RSP Global Advantage Portfolio. These changes result from 
Assante's continual review and monitoring of the Assante Artisan 
Portfolios and their holdings. 

The attached charts summarize, for each affected Assante Artisan 
Portfolio, the proposed revisions to its underlying fund holdings 
and their respective target weightings.  

Changes to the Artisan New Economy Portfolio will be made on or 
about August 15, 2003. Changes to the Artisan RSP Global 
Advantage Portfolio will begin no earlier than 30 days from the 
date that notice is given to its unitholders. All of the changes 
will be implemented by September 10, 2003.  

Assante Asset Management Ltd. also announced a change to the 
current underlying fund holdings of the Artisan RSP Global 
Advantage Portfolio. Effective on or about June 15, 2003, AGF 
Funds Inc. merged the AGF RSP International Equity Allocation 
Fund into the AGF RSP World Companies Fund. As a result of the 
proposed merger, the Artisan RSP Global Advantage Portfolio now 
holds units of the AGF RSP World Companies Fund in the same 
percentage weighting as it held units of the AGF RSP 
International Equity Allocation Fund immediately prior to the 
merger.  


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Artisan New Economy Portfolio
Revisions to Underlying Fund Target Weightings
------------------------------------------------------------------------
Underlying Mutual Fund               Current            Proposed  Change
                                  Allocation          Allocation
------------------------------------------------------------------------
AIM Global Technology Fund                9%                 12%      3%
C.I. Global Technology Sector Shares      7%                 12%      5%
Fidelity Focus Technology Fund            9%                  9%       -
Trimark Discovery Fund                    9%                 12%      3%
AIM Global Telecommunications Class       8%                   -     -8%
C.I. Global Telecommunications
 Sector Shares                            8%                   -     -8%
AIM Global Health Sciences Fund          14%                 14%       -
C.I. Global Biotechnology Sector Shares  12%                 12%       -
Fidelity Focus Health Care Fund          14%                 14%       -
C.I. Global Boomernomics Sector Shares   10%                 15%      5%
                                            
Total                                   100%                100%        
------------------------------------------------------------------------


Artisan RSP Global Advantage Portfolio
Revisions to Underlying Fund Target Weightings

Underlying Mutual Fund               Current            Proposed  Change
                                  Allocation          Allocation
------------------------------------------------------------------------
Altamira Bond Fund                       10%                 10%       -
Bissett Bond Fund                        10%                 10%       -
Dynamic Income Fund                      10%                 10%       -
Trimark Canadian Bond Fund               10%                 10%       -
Altamira Precision U.S. RSP Index Fund    5%                  5%       -
Fidelity Small Cap America Fund           3%                  3%       -
AGF RSP International Value Fund         10%                 15%      5%
AGF RSP World Companies Fund             15%                   -    -15%
Altamira Precision International
 RSP Index Fund                            -                 10%     10%
C.I. Global Fund                          6%                  6%       -
Fidelity International Portfolio Fund     6%                  6%       -
Fidelity Overseas Fund                    4%                  4%       -
Templeton Global Smaller Companies Fund   3%                  3%       -
Trimark Select Growth Fund                8%                  8%       -
                                            
Total                                   100%                100%        
------------------------------------------------------------------------

/T/

The Assante Artisan Portfolios consist of 14 portfolios designed 
to provide a diversified and risk-managed solution for clients' 
investment needs. Assante Artisan uses top mutual funds from some 
of Canada's leading mutual fund companies to create this program. 
 

Assante's review of the Assante Artisan Portfolios has two parts. 
First, Assante assesses the underlying funds. Factors such as 
adherence to stated investment mandate, returns, risk-adjusted 
return measures, assets, investment management process, style, 
consistency and continued portfolio fit are considered. This may 
lead to suggested revisions to target weightings of the 
underlying funds, the inclusion of new underlying funds or the 
removal of one or more underlying funds. Second, Assante conducts 
periodic assessments to determine if fundamental changes to the 
Assante Artisan Portfolios are required or desirable.  

Provided an amendment to the simplified prospectus is filed with 
and receipted by Canadian securities regulators and investors are 
given advance notice of the proposed change(s), Assante can 
remove an underlying fund, add a new underlying fund or change 
the target weighting of an underlying fund.  

Assante Asset Management Ltd. is a subsidiary of Assante 
Corporation that provides a range of state-of-the-art portfolio 
management and integrated wealth management services exclusively 
through financial advisors affiliated with Assante Corporation. 
Headquartered in Winnipeg, Manitoba, Assante Corporation takes a 
multidisciplinary approach to financial planning, investment 
advice, wealth management, estate and succession planning, 
insurance and business and sports management services - Assante 
Life Management SolutionsTM. The company's mission is to simplify 
and enhance the lives of its clients by providing integrated 
financial and personal services that are tailored to each 
client's unique objectives. 

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FOR FURTHER INFORMATION PLEASE CONTACT:

Assante Corporation

Gail Granger

Vice President, Corporate Communications

Direct: (204) 954-5166, toll free: (877) 277-2683

ggranger@assante.com