Exhibit 24(b)(13)
FORM OF SUBSCRIPTION AGREEMENT
January 27, 1997
Orchard Series Fund
0000 Xxxx Xxxxxxx Xxxx
Xxxxxxxxx, Xxxxxxxx 00000
Attention: Xxxx Xxxxxxx, Treasurer
Re: Subscription for Stock of Orchard Series Fund Trust
Dear Xx. Xxxxxxx:
Great-West Life & Annuity Insurance Company ("GWL&A") hereby offers
to purchase the following shares of common stock of Orchard Series
Fund: 100,000 shares of each of the Orchard Money Market Fund,
Orchard Preferred Stock Fund, Orchard Index European Fund, Orchard
Index Pacific Fund, Orchard Index 600 Fund and the Orchard Index
500 Fund; each with no par value per shares, for an aggregate
purchase price of $600,000, such shares to be fully paid and non-
assessable upon issuance and receipt by Orchard Series Fund of said
payment.
GWL&A hereby represents that it is acquiring such shares for its
own account for the purpose of investment and not with a view to or
for sale in connection with any distribution of such shares, nor
with any present intention of distributing or selling such shares.
GWL&A does, however, reserve the freedom of action with regard to
the possible redemption of those shares in the future at a time and
in a manner which would be consistent with the Securities Act of
1933, as amended, and the Investment Company Act of 1940, as
amended.
Sincerely, Accepted and Agreed to this
27th day of January, 1997
/s/ X.X. Xxxxxx
ORCHARD SERIES FUND
X.X. Xxxxxx
Vice President, By: /s/ X.X. Xxxxxxx
Investment Administration Xxxx X. Xxxxxxx, Treasurer
and Financial Control
/s/ X.X. XxXxxx
X.X. XxXxxx
Assistant Vice President,
Investment Administration
