Beutel, Goodman & Company as of March 31, 2013

                Beutel, Goodman & Company Ltd.
                     Form 13F Information Table
                                                                                             Form 13F File Number
            31-Mar-13                                                                        28 - 11939

FX:                  1.0156
                                                       FX Total            Investment  Other    Voting Authority
Name of Issuer       Title of Class           CUSIP   (x $1000)     Shares Discretion   Mgr.         So Shared     None
{C}                  {C}               {C}                  {C}        {C}        {C}    {C}       {C}     {C}      {C}
Agrium Inc.                     Common       8916108     134,084  1,374,683      Sole         1,179,483          195,200
Bank of Nova Scotia             Common      64149107     812,492 13,959,861      Sole        11,752,192        2,207,669
Cameco Corp.                    Common    13321L108      220,877 10,641,507      Sole         9,003,907        1,637,600
CIBC                            Common     136069101     511,509  6,519,689      Sole         5,448,488        1,071,201
CDN National Railway            Common     136375102     400,812  3,986,924      Sole         3,377,704          609,220
Cdn. Natural Resource           Common     136385101     496,691 15,487,827      Sole        13,179,507        2,308,320
CDN Pacific Railway             Common    13645T100      277,664  2,127,628      Sole         1,818,568          309,060
Cenovus Energy Inc.             Common    15135U109      258,393  8,341,512      Sole         7,044,907        1,296,605
Encana                          Common     292505104     157,820  8,111,412      Sole         6,864,712        1,246,700
Magna Intl  Inc.                Common     559222401     458,366  7,796,304      Sole         6,568,589        1,227,715
Manulife Financial              Common    56501R106      418,638 28,420,375      Sole        23,858,720        4,561,655
Molson Coors Canada     ExchNonVot CLB     608711206     315,900  6,501,083      Sole         5,423,765        1,077,318
Open Text                       Common     683715106     132,668  2,244,142      Sole         1,928,742          315,400
Potash Corp. of Sask.           Common    73755L107      290,214  7,386,995      Sole         6,291,145        1,095,850
Rogers Communications Class BNonVoting     775109200     555,073 10,863,977      Sole         9,108,101        1,755,876
Royal Bank CDA                  Common     780087102     697,931 11,582,016      Sole         9,683,877        1,898,139
Talisman Energy Inc             Common    87425E103      237,064 19,385,051      Sole        16,335,517        3,049,534
Teck Resources Ltd.    Class B Sub Vtg     878742204     136,564  4,849,448      Sole         4,131,348          718,100
Telus Corp.                     Common    87971M103      653,519  9,459,999      Sole         7,962,089        1,497,910
Thomson Reuters Corp.           Common     884903105     159,301  4,908,552      Sole         4,194,787          713,765
Toronto Dominion Bank           Common    891160509      908,220 10,905,506      Sole         9,135,794        1,769,712

Total                                                  8,233,800