Beutel, Goodman & Company

Beutel, Goodman & Company as of March 31, 2012

Portfolio Holdings for Beutel, Goodman & Company

Beutel, Goodman & Company holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                Form 13F File Number
           31-Mar-12                                                                    28 - 11939

FX: 1.0009
                                                   FX Total     Shares Investment Other    Voting Authority
Name of Issuer      Title of Class        CUSIP   (x $1000)            Discretion  Mgr.      Sole  Shared    None
{C}                            {C}          {C}         {C}        {C}       {C}    {C}       {C}     {C}     {C}
Agrium Inc.                 Common       8916108     139,168   1,615,085           Sole   1,430,570         184,515
Bank of Nova Scotia         Common      64149107     449,374   8,034,533           Sole   7,078,866         955,667
Baytex Energy Corp.         Common     07317Q105     123,010   2,373,022           Sole   2,025,987         347,035
Cameco Corp.                Common     13321L108     179,046   8,355,220           Sole   7,524,720         830,500
CIBC                        Common     136069101     456,765   5,985,751           Sole   5,284,519         701,232
CDN National Railway        Common     136375102     295,916   3,729,662           Sole   3,305,279         424,383
CDN Pacific Railway         Common     13645T100     279,706   3,691,110           Sole   3,300,265         390,845
Cenovus Energy Inc.         Common     15135U109     241,644   6,724,980           Sole   6,017,500         707,480
Encana                      Common     292505104     123,337   6,290,238           Sole   5,660,588         629,650
Magna Intl  Inc.            Common     559222401     277,952   5,838,985           Sole   5,212,645         626,340
Manulife Financial          Common     56501R106     289,972  21,444,205           Sole  19,202,845        2,241,36
Molson Coors Canada ExchNonVot CLB     608711206     301,479   6,674,233           Sole   5,981,083         693,150
Potash Corp. of Sask        Common     73755L107     240,389   5,273,889           Sole   4,667,714         606,175
Rogers CommunicationClass BNonVotin    775109200     349,110   8,807,978           Sole   7,848,127         959,851
Royal Bank CDA              Common     780087102     590,606  10,207,142           Sole   8,972,682        1,234,46
Talisman Energy Inc         Common     87425E103     196,266  15,637,184           Sole  13,837,885        1,799,29
Thomson Reuters Corp        Common     884903105     112,689   3,903,883           Sole   3,450,238         453,645
Toronto Dominion Ban        Common     891160509     691,688   8,162,843           Sole   7,222,208         940,635

Total                                              5,338,117