Cohen & Steers Select Utility Fund, Inc. 757 Third Avenue New York, New York 10017 Cohen & Steers Capital Management, Inc. 757 Third Avenue New York, New York 10017 Dear Sirs: Cohen & Steers Select Utility Fund, Inc. (the "Fund") hereby accepts your...

                    Xxxxx & Steers Select Utility Fund, Inc.
                                000 Xxxxx Xxxxxx
                            Xxx Xxxx, Xxx Xxxx 00000

                                                             _____________, 2004

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

Dear Sirs:

     Xxxxx & Steers Select Utility Fund, Inc. (the "Fund") hereby accepts your
offer to purchase ______ shares at a price of $______ per share for an aggregate
purchase price of $_______. This agreement is subject to the understanding that
you have no present intention of selling or redeeming the shares so acquired.

                                                    Sincerely,

                                                    Xxxxx & Steers Select
                                                    Utility Fund, Inc.


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

Accepted:

Xxxxx & Steers Capital Management, Inc.


By:
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