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NATCAN INVESTMENT MANAGEMENT INC
> CNI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,335,567 | -36,631 | 105,966,000 | -2,177,000 | $79.34 |
| 12/31/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,372,198 | 176,973 | 108,143,000 | 27,575,000 | $78.81 |
| 09/30/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,195,225 | 180,201 | 80,568,000 | -630,000 | $67.41 |
| 06/30/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,015,024 | -253,331 | 81,198,000 | -14,274,000 | $80.00 |
| 03/31/2011 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,268,355 | -347,583 | 95,472,000 | -12,328,000 | $75.27 |
| 12/31/2010 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,615,938 | -363,460 | 107,800,000 | -18,675,000 | $66.71 |
| 09/30/2010 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,979,398 | 7,224 | 126,475,000 | 13,028,000 | $63.90 |
| 06/30/2010 | CANADIAN NATIONAL RAILWAY CO | CNI | 1,972,174 | -344,572 | 113,447,000 | -27,164,000 | $57.52 |
| 03/31/2010 | CANADIAN NATIONAL RAILWAY CO | CNI | 2,316,746 | -34,610 | 140,611,000 | 11,787,000 | $60.69 |
| 12/31/2009 | CANADIAN NATIONAL RAILWAY CO | CNI | 2,351,356 | -11,484 | 128,824,000 | 12,621,000 | $54.79 |
| 09/30/2009 | CANADIAN NATIONAL RAILWAY CO | CNI | 2,362,840 | -208,795 | 116,203,000 | 5,661,000 | $49.18 |
| 06/30/2009 | CANADIAN NATIONAL RAILWAY CO | CNI | 2,571,635 | -281,846 | 110,542,000 | -18,435,000 | $42.99 |
| 03/31/2009 | CANADIAN NATIONAL RAILWAY CO | CNI | 2,853,481 | 35,029 | 128,977,000 | 11,870,000 | $45.20 |
| 12/31/2008 | CANADIAN NATIONAL RAILWAY CO | CNI | 2,818,452 | -287,590 | 117,107,000 | -40,618,000 | $41.55 |
| 09/30/2008 | CANADIAN NATIONAL RAILWAY CO | CNI | 3,106,042 | 3,106,042 | 157,725,000 | 157,725,000 | $50.78 |
| 06/30/2008 | CANADIAN NATIONAL RAILWAY CO | CNI | 4,239,666 | -1,043,000 | 207,659,000 | -55,259,000 | $48.98 |
| 03/31/2008 | CANADIAN NATIONAL RAILWAY CO | CNI | 5,282,666 | 426,500 | 262,918,000 | 36,378,000 | $49.77 |
| 12/31/2007 | CANADIAN NATIONAL RAILWAY CO | CNI | 4,856,166 | -615,781 | 226,540,000 | -84,048,000 | $46.65 |
| 09/30/2007 | CANADIAN NATIONAL RAILWAY CO | CNI | 5,471,947 | 5,471,947 | 310,588,000 | 310,588,000 | $56.76 |
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