EXHIBIT 13(d)
PURCHASE AGREEMENT
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Excelsior Funds, Inc. (the "Company"), a Maryland corporation, and Edgewood
Services, Inc. ("Edgewood"), a New York corporation, hereby agree with each
other as follows:
1. The Company hereby offers Edgewood and Edgewood hereby purchases two
Shares of each of the Real Estate and Large Cap Growth Funds of the
Company at $10 per Share. The Company hereby acknowledges receipt
from Edgewood of funds in the total amount of $40 in full payment for
the Shares.
2. Edgewood represents and warrants to the Company that the Shares are
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 25th day of July, 1997.
EXCELSIOR FUNDS, INC.
By:/s/ Xxxxxxxxx X. Xxxxxx
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its President
EDGEWOOD SERVICES, INC.
By:/s/ Xxxxxxx X. Xxxxxx, Xx.
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its Treasurer
