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EXHIBIT (13)(i)
PURCHASE AGREEMENT
The PNC(R) Fund (the "Fund"), a Massachusetts business trust, and
Provident Distributors, Inc. ("PDI"), a Delaware corporation, hereby agree as
follows:
1. The Fund hereby offers PDI and PDI hereby purchases ten
Service, Series A Investor, Series B Investor and
Institutional Shares (collectively, the "New Portfolio
Shares") of the Fund's New Jersey Tax-Free Income and Core
Fixed Income Portfolios and of the Fund's Multi-Sector
Mortgage Securities Portfolio III for $10 per share. The Fund
hereby acknowledges receipt from PDI of funds in the total
amount of $120 in full payment for the New Portfolio Shares.
2. PDI represents and warrants to the Fund that the New Portfolio
Shares are being acquired for investment purposes 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 September 29, 1995.
THE PNC(R) FUND
By:
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Vice President and Treasurer
PROVIDENT DISTRIBUTORS, INC.
By:
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