Cohen & Steers Real Assets Fund, Inc.

Exhibit (l)

Xxxxx & Steers Real Assets Fund, Inc.

000 Xxxx Xxxxxx

New York, New York 10017

January 5, 2012

Xxxxx & Steers Capital Management, Inc.

000 Xxxx Xxxxxx

New York, New York 10017

Dear Sirs:

Xxxxx & Steers Real Assets Fund, Inc. (the “Fund”) hereby accepts your offer to purchase 100 Class A shares, 100 Class C shares, 9,600 Class I shares, 100 Class R shares and 100 Class Z shares each at a price of $10.00 per share for an aggregate purchase price of $100,000. This agreement is subject to the understanding that you have no present intention of selling or redeeming the shares so acquired.

Sincerely,
Xxxxx & Steers Real Assets Fund, Inc.
By:		/s/    Xxxx Xxxxxxxx
		Xxxx Xxxxxxxx, President

Accepted:
Xxxxx & Steers Capital Management, Inc.
By:		/s/    Xxxxxxx X. Xxxx
		Xxxxxxx X. Xxxx, EVP and General Counsel