Order: In the Matter of the Crabbe Huson Group, Inc.

August 4, 1999

Order

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF
THE CRABBE HUSON GROUP, INC.

ORDER
(Section 127(1))

WHEREAS on July 22, 1999, the Ontario Securities Commission (the "Commission") issueda notice of hearing (the "Notice of Hearing") pursuant to section 127(1) of the Securities Act (the"Act") in respect of The Crabbe Huson Group, Inc. ("Crabbe Huson");

AND WHEREAS Crabbe Huson entered into a settlement agreement dated July 22, 1999(the "Settlement Agreement") in which the respondent agreed to a proposed settlement of theproceeding in respect of the Notice of Hearing, subject to the approval of the Commission;

AND UPON reviewing the Settlement Agreement and the Statement of Allegations of Staff of the Commission, and upon hearing submissions from counsel for Crabbe Huson and from Staff ofthe Commission;

AND WHEREAS the Commission is of the opinion that it is in the public interest to makethis order;

IT IS ORDERED THAT the Settlement Agreement dated July 22, 1999, attached to thisorder, is hereby approved.

August 10^th, 1999.

"Howard I. Wetston" "J. F. Howard"