front-end-load mutual funds it sells in Canada.

Effective Monday, most of the 1,100 funds sold by TD Waterhouse Investor Services, Canada's biggest discount broker, eliminated their 1% to 2.5% sales commissions on investments of up to $16,700, said John See, vice chairman at TD Waterhouse Group. Instead, he said, investors will be charged $30 when they redeem shares, and there will be an additional bonus for customers who invest on-line -- a 25% discount on redemption fees.

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