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(a) Reported diluted exceeds basic in the quarter ended October 31, 2001 because of rounding. 

(b) All quarterly ratios have been annualized. 

(c) Composite of MoodyGLYPH<213>s and Standard & PoorGLYPH<213>s ratings on Senior Debt. 

In the opinion of Bank of Montreal management, information that is derived from unaudited GLYPH<222>nancial information, including information as at and for the interim periods, contains all adjustments necessary for a fair presentation of such information. All such adjustments are of  a normal and recurring nature. Financial ratios for interim periods are stated on an annualized basis where appropriate, and such ratios, as well as interim operating results, are no t necessarily indicative of actual results for the full GLYPH<222>scal year. 

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(a) Reflects full-time equivalent number of employees, comprising full-time and part-time employees and adjustments for overtime hours. 

