PURCHASE AGREEMENT

                               PURCHASE AGREEMENT

                  The Glenmede Fund, Inc., a Maryland corporation (the
"Company") and The Glenmede Trust Company, a Pennsylvania trust Company
("Glenmede Trust"), hereby agree with each other as follows:

                  1. The Company hereby offers Glenmede Trust and Glenmede Trust
hereby purchases one share (the "Share") of the Company's Global Equity
Portfolio for $10 per share. The Company hereby acknowledges receipt from
Glenmede Trust of funds in the total amount of $10 in full payment for such
Share.

                  2. Glenmede Trust represents and warrants to the Company that
the Share is 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 the 16th day of
September, 1997.


                                  THE GLENMEDE FUND, INC.
ATTEST:



 /s/ Xxxxxxxx X. Xxxxxxx          /s/ XxxxXxx X. Xxxxx
 -----------------------          --------------------------
By: Xxxxxxxx X. Xxxxxxx               By:  XxxxXxx X. Xxxxx
Title: President                      Title: President


                                  THE GLENMEDE TRUST COMPANY
ATTEST:



 /s/ Xxxxxxxx X. Xxxxxxx          /s/ Xxxxxx X. Xxxxxxxx
 -----------------------          --------------------------
By:  Xxxxxxxx X. Xxxxxxx              By:  Xxxxxx X. Xxxxxxxx
Title: Executive Vice President       Title: Senior Vice President