Hussman Econometrics Advisors, Inc.
0000 Xxxxxxxx Xxxxx Xxxxx
Xxxxxxxx Xxxx, Xxxxxxxx 00000
_________________, 2000
Hussman Investment Trust
000 Xxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxx 00000
Re: Initial Capital Agreement
Gentlemen:
In connection with our purchase from you and your issuance to us of 10,000
shares of the Hussman Strategic Growth Fund for an aggregate cash consideration
of One Hundred Thousand Dollars ($100,000), this will confirm that we are buying
such shares for investment for our account only and not with a view to reselling
or otherwise distributing them.
Very truly yours,
Hussman Econometrics Advisors, Inc.
By: ____________________________
Name: Xxxx X. Xxxxxxx
Title: President
