SUBSCRIPTION AGREEMENT
April 16, 1996
Income Trust
IDS Tower 10
Xxxxxxxxxxx, Xxxxxxxxx 00000
Dear Trustees:
The Income Trust (the "Trust") proposes to issue and sell in private placements,
units of beneficial interest (the "Units") in certain series of Units (each a
"Portfolio" and together, the "Portfolios") pursuant to a registration statement
on Form N-1A filed with the Securities and Exchange Commission (the "SEC"). The
Trust currently consists of three Portfolios as follows:
High Yield Portfolio
Government Income Portfolio
Quality Income Portfolio
In order to provide the Trust with a net worth of at least $100,000, we hereby
offer to purchase $100,000 worth of Units, divided between the Portfolios.
We represent and warrant to the Trust that the Units are being acquired by us
for investment and not with a view to the resale or further distribution thereof
and that we have no present intention to redeem the Units.
Please confirm that the foregoing correctly sets forth our agreement with the
Trust.
Sincerely,
STRATEGIST INCOME FUND, INC.
By /s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
President
Confirmed, as of the date first above mentioned.
INCOME TRUST
By /s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President and General Counsel
