June __, 2003 Cohen & Steers Capital Management, Inc. 757 Third Avenue New York, New York 10017 Dear Sirs: Cohen & Steers REIT and Preferred Income Fund, Inc. (the "Fund") hereby accepts your offer to purchase 4,200 shares at a price of $23.875 per...

                                                                Exhibit 2(p)


               Xxxxx & Steers REIT and Preferred Income Fund, Inc.
                                000 Xxxxx Xxxxxx
                            Xxx Xxxx, Xxx Xxxx 00000

                                               June __, 2003

Xxxxx & Steers Capital Management, Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000

Dear Sirs:

     Xxxxx & Steers REIT and Preferred Income Fund, Inc. (the "Fund") hereby
accepts your offer to purchase 4,200 shares at a price of $23.875 per share for
an aggregate purchase price of $100,275. This agreement is subject to the
understanding that you have no present intention of selling or redeeming the
shares so acquired.

                                               Sincerely,

                                               Xxxxx & Steers REIT and Preferred
                                               Income Fund, Inc.


                                               By:
                                                  ------------------------------

Accepted:

Xxxxx & Steers Capital Management, Inc.


By:
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