INVESTMENT LETTER
XXXXXXXX INCOME FUND, INC.
Xxxxxxxx Income Fund, Inc. (the "Fund"), an open-end diversified management
investment company, and the undersigned ("Purchaser"), intending to be legally
bound, hereby agree as follows:
1. The Fund hereby sells to purchaser and Purchaser purchases 1 Class D
share (the "Share") of Capital Stock (par value $1.00) of the Fund at a
price equivalent to the net asset value of one share of the Fund as of
the close of business on April 30, 1993. The Fund hereby acknowledges
receipt from Purchaser of funds in such amount in full payment for the
Share.
2. Purchaser represents and warrants to the Fund that the Share is being
acquired for investment and not with a view to distribution therof, and
that Purchaser has no present intention to redeem or dispose of the
Share.
IN WITNESS WHEREOF, the parties have executed this agreement as of the --- day
of ------------, 1993 ("Purchase Date").
SELIGMAN INCOME FUND, INC.
By:
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Name:
Title:
X. & X. XXXXXXXX & CO. INCORPORATED
SELIGMAN INCOME FUND, INC.
By:
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Name:
Title:
