EXHIBIT 13(g)
PURCHASE AGREEMENT
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The PNC/(R)/ Fund (the "Fund"), a Massachusetts business trust, and
Pennsylvania Merchant Group Ltd ("PMG"), a Delaware corporation, hereby agree
with each other as follows:
1. The Fund hereby offers PMG and PMG hereby purchases ten Service,
Investor and Institutional Shares of the Fund's Virginia Municipal
Money Market Portfolio (the "Money Market Shares") for $1 per share.
The Fund hereby acknowledges receipt from PMG of funds in the total
amount of $30 in full payment for the Money Market Shares.
2. The Fund hereby offers PMG and PMG hereby purchases ten Service,
Investor and Institutional Shares of each of the Fund's Government
Income, International Emerging Markets and International Fixed Income
Portfolios (the "Non-Money Market Shares") for $10 per share. The
Fund hereby acknowledges receipt from PMG of funds in the total amount
of $900 for the Non-Money Market Shares.
3. PMG represents and warrants to the Fund that the Money Market and Non-
Money Market Shares are being acquired for investment purchases and
not with a view to the distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed this Agreement as of the 1st day of February, 1994.
THE PNC/(R)/ FUND
By: /s/ Xxxxxx X. Xxxxx
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its: Treasurer
PENNSYLVANIA MERCHANT
GROUP LTD
By: /s/ Xxxxx X. Xxxxx
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its: Corporate
Secretary
