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Empire Financial Completes Implementation Of PORTIA

BOSTON, November 5, 2001 - Thomson Financial today announces Empire
Financial Group's completion of its PORTIA implementation, capping an
installation that took place last July in the Toronto investment office of
this top-tier Canadian life insurer, The Empire Life Insurance Company.
At present, 36 users across the front- to back-office are utilizing PORTIA
to streamline the workflow associated with managing assets of Empire
Financial's subsidiaries and related companies totaling CAD $5 billion.

Empire Financial went live with PORTIA last November, upon completing
phase one of its implementation. "With phase two nearly done, Empire
Financial has indicated PORTIA is already saving them a great deal of
time, which they hope to parlay into developing new lines of activity such
as securities lending," said Thomson Financial's Portfolio Solutions Group
General Manager for the Americas, Michael Slemmer.

Portfolio managers, traders, operations personnel and technologists at
investment and financial firms worldwide leverage the market leading
systems, services and content from Thomson Financial. These solutions,
each recognized by clients for their contribution to top line growth and
reduction in operating costs, include PORTIA, for portfolio analysis and
management; Oneva Trade EQ, for equity order management and execution
workflow; Oneva Trade FI, a fixed income order management system; and
Oneva Perform, for performance measurement and attribution analysis.

"We made the decision to spend a fair amount of time customizing our use
of PORTIA, particularly the performance module and reconciliation of
pricing data we import," said Empire's Vice President of Investments, Jill
Pepall. "Since our portfolio managers are looking for exactness on
yields, we can't afford to be one or two basis points off, so using PORTIA
helps us handle the details with precision."

Empire Financial also focused heavily on precise entry of bond ratings
from Scotia McLeod, DBRS (Dominion Bond Rating Services) and S&P Bond
Ratings. The company worked with Thomson Financial on fine-tuning the
module that produces reporting for its portfolio managers and back-office,
and is tailoring the securities restrictions module, as well as setting up
an automatic transfer of trades to custodians.

PORTIA is installed at the Toronto investment arm of Empire Financial
Group. A remote connection to PORTIA is also provided in the company's
Kingston office, where corporate accounting is centralized. Empire
Financial's back-office is split between both Toronto and Kingston.
PORTIA is mainly used in Toronto for trade entry, security set-up, fund
management and report generation. The Kingston office of Empire Financial
uses PORTIA to generate reports on investment results for various
constituencies, including shareholders and management.

"PORTIA has simplified our business processes and workflow tremendously,"
said Empire Financial Group Manager of Investment Administration and
Compliance, Valerie Wilkinson."Far less time is required for a variety
of tasks such as generating reports on current inventory, market value,
tracking and projecting cash balances, as well as performance reporting
that goes beyond just portfolios to include industry, asset class and currency. The ability to store a great deal more information on
individual trades and securities within PORTIA is also significant for

The Empire Life Insurance Company is a subsidiary of E-L Financial
Corporation Limited. The company offers financial products and services
throughout Canada, under the name Empire Financial Group.