SECURITIES AND EXCHANGE
                            COMMISSION
                      Washington, D.C. 20549
                           SCHEDULE 13G


            Under the Securities Exchange Act of 1934


                      Toronto Dominion Bank
                ---------------------------------

                         (Name of Issuer)



                           Common Stock
                ---------------------------------

                  (Title of Class of Securities)



                            891160103
                ---------------------------------
                          (CUSIP Number)



                        December 31, 1997
                ---------------------------------
     (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:

                       |X| Rule 13d-1(b)
                       |_| Rule 13d-1(c)
                       |_| Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).


---------------------------- ----------------------------- CUSIP No. 891160103 13G Page 2 of 6 Pages ---------------------------- ----------------------------- ----------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RT Investment Management Holdings Inc. ----------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| ----------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION The jurisdiction of organization is Canada (federally incorporated company) ----------------------------------------------------------------------- 5. SOLE VOTING POWER -------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES 16,787,182 BENEFICIALLY -------------------------------------------------------- OWNED BY EACH 7. SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER 16,787,182 ----------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,787,182 ----------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| ----------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.7% ----------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* Foreign Parent Holding Company which received SEC no-action relief to file on Schedule 13G as a "Qualified Institutional Investor" ----------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT!

Item 1(a). Name of Issuer: Toronto Dominion Bank Item 1(b). Address of Issuer's Principal Executive Offices: Toronto Dominion Bank P. O. Box 1 Toronto, Ontario Canada M5K 1A2 (416) 982-8222 Item 2(a). Name of Person Filing: RT Investment Management Holdings Inc. ("RTIM") Item 2(b). Address of Principal Business Office or, if None, Residence: RT Investment Management Holdings Inc. Royal Trust Tower, P.O. Box 97 77 King Street West, Suite 3900 Toronto, Ontario M5K 1G8 Item 2(c). Citizenship: Incorporated by reference to Item 4 of the cover page Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 891160103 Item 3. If this statement is filed pursuant to Rules 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: RT Investment Management Holdings Inc. is a Foreign Parent Holding Company which received SEC no-action relief to file on Schedule 13G as a Qualified Institutional Investor.

Item 4. Ownership. (a) Amount beneficially owned: 16,787,182 (b) Percent of class: 5.7% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote (ii) Shared power to vote or to direct the vote 16,787,182 (iii) Sole power to dispose or to direct the disposition of (iv) Shared power to dispose or to direct the disposition of 16,787,182 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. RT Investment Management Holdings Inc., a foreign parent holding company which received SEC no-action relief to file on Schedule 13G as a Qualified Institutional Investor, is reporting holdings over which it is deemed to be a beneficial owner by virtue of the fact that the holdings belong to client accounts managed on a discretionary basis by RT Investment Management Holdings Inc.'s subsidiary foreign investment advisors. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Please see attached Exhibit A, Disclosure Respecting Subsidiaries. Item 8. Identification and Classification of Members of the Group. N/A

Item 9. Notice of Dissolution of Group. N/A Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Friday, February 13, 1998 ----------------------------- (Date) /s/ Jennifer Lederman ----------------------------- (Signature) Jennifer Lederman / Senior Vice-President, Compliance, RT Investment Management Holdings Inc. ----------------------------- (Name/Title)


                     EXHIBIT A TO SCHEDULE 13G
             ITEM 7 DISCLOSURE RESPECTING SUBSIDIARIES


RT Investment Management Holdings Inc, ("RTIM") is a parent
holding company as that term is defined by Rule
13d-1(b)(1)(ii)(G) of the Securities Exchange Act of 1934 (the
"Act") and is eligible to file on Schedule 13G pursuant to an SEC
no-action relief application. RTIM's aggregation holdings represent
securities that are beneficially owned by its subsidiaries which
manage these securities on behalf of their respective clients.
RTIM's subsidiaries include, Royal Bank Investment Management, RT
Capital Management Inc., and RT Investment Counsel Inc.

Royal Bank Investment Management Inc. ("RBIM") is a wholly-owned
subsidiary of RTIM. RBIM is a foreign investment adviser that has
received SEC no-action relief to file on Schedule 13G.

RT Capital Management Inc. ("RT Capital") is a wholly-owned
subsidiary of RTIM. RT Capital is a foreign investment adviser
that has received SEC no-action relief to file on Schedule 13G.

RT Investment Counsel Inc. ("RTIC") is a wholly-owned subsidiary
of RTIM. RTIC is a foreign investment adviser that has received
SEC no-action relief to file on Schedule 13G.

RTIM, RBIM, RT Capital and RTIC are federally incorporated
Canadian corporations whose business addresses are as follows:

RT Investment Management            Royal Bank Investment
Holdings Inc.                       Management Inc.
Royal Trust Tower, P.O. Box 97      Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3900     77 King Street West, Suite 3800
Toronto, Ontario                    Toronto, Ontario
M5K 1G8                             M5K 1G8

RT Capital Management Inc.          RT Investment Counsel Inc.
Royal Trust Tower, P.O. Box 97      Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3700     77 King Street West, Suite 3900
Toronto, Ontario                    Toronto, Ontario
M5K 1G8                             M5K 1G8




                    EXHIBIT B
 TO SCHEDULE 13G


              RT INVESTMENT MANAGEMENT HOLDINGS INC.


I, Lee Bentley, President of RT Investment Management Holdings
Inc., a corporation organized and existing under the laws of
Canada (the "Corporation"), hereby certify that Jennifer
Lederman, Senior Vice-President, Compliance, and Corporate
Secretary, is authorized to sign reports to be filed under
Sections 13 and 16 of the Securities Exchange Act of 1934 on
effect of this date.

      IN WITNESS HEREOF, I have hereunto set my name and affixed
the seal of the Corporation as of the 12th day of February, 1998.


                               /s/ Lee Bentley
                              -----------------------
                                President


[seal]