26.99% total return if called after 2.5 years

bestLINK Protected Deposit Notes ^TM – Callable Class, Series 7

The Callable Class Notes offer a potential 26.99% total return, 100% principal protection at maturity, and are linked to Franklin Templeton Balanced Growth Portfolio, the most popular portfolio in our Quotential® Program.

FundSERV Code: JHN122 – 4.25% commission

Available until: June 16, 2006 Minimum investment: $2,000

Potential 26.99% total return: Your clients will receive a 26.99% total return if the Bank of Montreal* calls the Notes after 2.5 years. If the Bank of Montreal does not call the Notes, they still have the full growth potential of the underlying portfolio if held to maturity.

Growth Potential: Your clients access the underlying Franklin Templeton Balanced Growth Portfolio, a solution that offers a high concentration of equity to income – adding growth potential to a stable investment.

Strength of Reputation: Your clients invest in a solution from Franklin Templeton Investments and Bank of Montreal* – two financial services institutions with long and distinguished reputations as market leaders in Canada. Plus, they gain access to Franklin Templeton Investments’ Private Client Group**, which manages the Quotential Program with more than 20 years of high net worth investment expertise.

A World of Diversification: The underlying Franklin Templeton Balanced Growth Portfolio offers your clients diversification by asset class, geographic region and market capitalization, along with our four distinct investment styles – an approach that may reduce portfolio volatility and enhance its returns.

To get this solution working for you: Please contact your Franklin Templeton Investments sales manager at 1.800.897.7286 or visit advisorsource at www.franklintempleton.ca.

*The Notes are issued by and constitute direct, unconditional obligations of Bank of Montreal. **Franklin Templeton Investments Private Client Group is a part of Fiduciary Trust Company of Canada, a wholly-owned subsidiary of Franklin Templeton Investments Corp.

May 2006

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.