TSX: COS.UN: 26.99  -0.57
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Canadian Oil Sands Trust meets with investment community

01/30/2002


CALGARY, Jan. 30 /CNW/ - Marcel Coutu, President and Chief Executive Officer of Canadian Oil Sands Trust, will be presenting at the RBC Capital Markets Fourth Annual Income Trust Investor Symposium in Toronto on January 31 at 4:40 p.m. Eastern time (2:40 p.m. Calgary time).

The presentation slides can be accessed via Canadian Oil Sands' Web site, www.cos-trust.com under "Investor Relations." Canadian Oil Sands Trust is an open-ended investment trust that generates income from its 21.74 per cent working interest in the Syncrude Joint Venture. The Trust currently has approximately 56.8 million units outstanding, which trade on The Toronto Stock Exchange under the symbol COS.UN. Historically, the Trust has paid quarterly distributions to its Unitholders. The Trust is managed by Canadian Oil Sands Investments Inc. and Athabasca Oil Sands Investments Inc.

Advisory - Certain information regarding the Trust set forth above, including Management's assessment of the Trust's future plans and operations, may constitute forward-looking statements under applicable securities law. The energy business necessarily involves risks associated with development, production, marketing and transportation of energy. These risks include loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

Canadian Oil Sands Investments Inc.
Marcel Coutu
President & Chief Executive Officer
Units Listed - Symbol: COS.UN
Toronto Stock Exchange

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For further information: Investor relations:(403) 290-3329, COST_InvestorRelations@pancanadianenergy.com, Web site:
www.cos-trust.com