EX-99.B(l)tminitcap
AGREEMENT
Xxxxxxx & Xxxx, Inc., in consideration of the issuance and sale to it by United
Tax-Managed Equity Fund, Inc. (Fund) of 10,000 shares of the Fund's Class A
common stock for the total payment of $100,000.00, the receipt of which is
acknowledged by the Fund, hereby recognizes that said amount was paid to the
Fund in order for the Fund to comply with Section 14 of the Investment Company
Act of 1940, and agrees that it shall hold said shares for investment and not
with a view toward resale or requesting their redemption.
Dated this 2nd day of March, 2000.
XXXXXXX & XXXX, INC.
By /s/Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx, President
Accepted:
UNITED TAX-MANAGED EQUITY FUND, INC.
By /s/Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, Vice President
