EXHIBIT 99.P
SUBSCRIPTION AGREEMENT
between
TRAVELERS CORPORATE LOAN FUND INC.
and
XXXXXXX XXXXX XXXXXX INC.
For and in consideration of the mutual agreements herein contained, Xxxxxxx
Xxxxx Barney Inc. (the "Subscriber") hereby agrees to purchase from Travelers
Corporate Loan Fund Inc. (the "Fund"), a Maryland corporation, and Fund agrees
to sell to subscriber 6,667 shares of its Common Stock, par value $.001 per
share, for cash at the price of $15.00 a share upon the following terms and
conditions:
Subscriber agrees to pay $100,005 to Fund upon demand.
Subscriber agrees that these initial shares are being purchased for investment
with no present intention of reselling or redeeming said shares.
XXXXXXX XXXXX XXXXXX INC.
(Subscriber for shares of Travelers Corporate Loan Fund Inc.)
By:_______________________________
Subscription agreed to:
TRAVELERS CORPORATE LOAN FUND INC.
By:___________________________________________________
Xxxxx X. XxXxxxxx, Chief Executive Officer
Date:_________________________________________________