Exhibit 23(l)
FORM OF
INVESTMENT LETTER
XXXXXXXX INVESTMENT GRADE FIXED INCOME FUND, INC.
Xxxxxxxx Investment Grade Fixed Income Fund, Inc. (the "Fund"), an open-end
diversified management investment company, and the undersigned ("Purchaser"),
intending to be legally bound, hereby agree as follows:
1. The Fund hereby sells to Purchaser and Purchaser purchases such number of
Class R shares (the "Shares") of Capital Stock (par value $.001) of the
Fund corresponding to a $1,500.00 investment, at a price per share
equivalent to the net asset value of one Class A share of the Fund as of
the close of business on ________________, 2003 (the "Purchase Date"). The
Fund hereby acknowledges receipt from Purchaser of funds in the amount of
$1,500.000 in full payment for the Shares.
2. Purchaser represents and warrants to the Fund that the Shares are being
acquired for investment and not with a view to distribution thereof, and
that Purchaser has no present intention to redeem or dispose of the
Shares.
IN WITNESS WHEREOF, the parties have executed this agreement as of the Purchase
Date.
XXXXXXXX INVESTMENT GRADE
FIXED INCOME FUND, INC.
By:
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Name: Xxxxxxxx X. Xxxxx
Title: Vice President
XXXXXXXX ADVISORS, INC.
By:
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Name: Xxxxxxx X. Xxxxxxx
Title: President
