WASHINGTON, D.C. 20549

                                    FORM F-X

                                 AND UNDERTAKING

A.       Name of issuer or person filing ("Filer"):  BRASCAN CORPORATION

B.       This is [check one]:

                  [x] an original filing for the Filer

                  [ ] an amended filing for the Filer

C.       Identify the filing in conjunction with which this Form is being filed:

           Name of Registrant:                            BRASCAN CORPORATION
           Form type:                                     F-9
           File Number (if known):
           Filed by:                                      BRASCAN CORPORATION
           Date Filed
           (if filed concurrently, so indicate):          FILED CONCURRENTLY

D.       The Filer is incorporated or organized under the laws of:

                                 ONTARIO, CANADA

and has its principal place of business at:

                                    BCE PLACE
                                 181 BAY STREET
                                  P.O. BOX 762
                                   SUITE 4400
                        TORONTO, ONTARIO, CANADA M5J 2T3
                                 (416) 363-9491

E.       The Filer designates and appoints:

                                    TORYS LLP
                                 237 PARK AVENUE
                            NEW YORK, NEW YORK, 10017

as the agent ("Agent") of the Filer upon whom may be served any process,
pleadings, subpoenas, or other papers in:

          (a) any investigation or administrative proceeding conducted by the
     Commission; and

          (b) any civil suit or action brought against the Filer or to which the
     Filer has been joined as defendant or respondent, in any appropriate court
     in any place subject to the jurisdiction of any state or of the United
     States or of any of its territories or possessions or of the District of
     Columbia, where the investigation, proceeding or cause of action arises out
     of or relates to or concerns: (i) any offering made or purported to be made
     in connection with securities registered or qualified by the Filer on Form
     F-9 on February 19, 2003 or any purchases or sales of any security in
     connection therewith; (ii) the securities in relation to which the
     obligation to file an annual report on Form 40-F arises, or any purchases
     or sales of such securities; (iii) any tender offer for the securities of a
     Canadian issuer with respect to which filings are made by the Filer with
     the Commission on Schedule 13E-4F, 14D-1F or 14D-9F; or (iv) the securities
     in relation to which the Filer acts as trustee pursuant to an exemption
     under Rule 10a-5 under the Trust Indenture Act of 1939. The Filer
     stipulates and agrees that any such civil suit or action or administrative
     proceeding may be commenced by the service of process upon, and that
     service of an administrative subpoena shall be effected by service upon
     such agent for service of process, and that service as aforesaid shall be
     taken and held in all courts and administrative tribunals to be valid and
     binding as if personal service thereof had been made.

          F. Each Filer stipulates and agrees to appoint a successor agent for
     service of process and file an amended Form F-X if the Filer discharges the
     Agent or the Agent is unwilling or unable to accept service on behalf of
     the Filer at any time until six years have elapsed from the date the Filer
     has ceased reporting under the Securities Exchange Act of 1934. Each Filer
     further undertakes to advise the Commission promptly of any change to the
     Agent's name or address during the applicable period by amendment of this
     Form, referencing the file number of the relevant form in conjunction with
     which the amendment is being filed.

          G. Each person filing this Form, other than a trustee filing in
     accordance with General Instruction I.(e) of this Form, undertakes to make
     available, in person or by telephone, representatives to respond to
     inquiries made by the Commission staff, and to furnish promptly, when
     requested to do so by the Commission staff, information relating to: the
     Forms, Schedules and offering statements described in General Instructions
     I.(a), I.(b), I.(c), I.(d) and I.(f) of this Form, as applicable; the
     securities to which such Forms, Schedules and offering statements relate;
     and the transactions in such securities.

                                      * * *

         The Filer certifies that it has duly caused this power of attorney,
consent, stipulation and agreement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Toronto, Country of
Canada this 19th day of February, 2003.

                                    BRASCAN CORPORATION

                                    By: /s/  Brian D. Lawson
                                    Name:    Brian D. Lawson
                                    Title:   Executive Vice-President and Chief
                                             Financial Officer

         This statement has been signed by the following person in the capacity
indicated as of this 19th day of February, 2003

                                    TORYS LLP
                                    (Agent for Service)

                                    By: /s/  Andrew J. Beck
                                    Name:    Andrew J. Beck
                                    Title:   Partner