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SUBSCRIPTION AGREEMENT
April 16, 1996
Tax-Free Income Trust
IDS Tower 10
Xxxxxxxxxxx, Xxxxxxxxx 00000
Dear Trustees:
The Tax-Free 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 one Portfolio as follows:
Tax-Free High Yield 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.
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 TAX-FREE INCOME FUND, INC.
By /s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
President
Confirmed, as of the date first above mentioned.
TAX-FREE INCOME TRUST
By /s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President and General Counsel
