EXHIBIT 23L
SUBSCRIPTION AGREEMENT
May 22, 2003
To the Board of Directors of Xxxxxxxxxxx Funds, Inc:
The undersigned (the `Purchaser') hereby subscribes to purchase a
beneficial interest (`Interest') in the Xxxxxxxxxxx Value Fund, a
series of Xxxxxxxxxxx Funds, Inc., in the amount of one hundred
thousand dollars ($100,000.00) for 10,000 shares at a net asset value
of ten dollars ($10.00) per share, in consideration for which the
Purchaser agrees to transfer to you upon request cash in the amount of
one hundred thousand dollars ($100,000.00).
The Purchaser agrees that the Interest is being purchases for
investment purposes only and with no present intention of reselling or
redeeming said Interest.
/s/ Xxxxxxxxx X. Xxxxxxx May 22, 2003
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Xxxxxxxxx X. Xxxxxxx Date
