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EXHIBIT 99.L
PURCHASE AGREEMENT
The Vantagepoint Funds (the "Fund"), a Delaware business trust and
Vantagepoint Investment Advisers, LLC ("Vantagepoint"), a Delaware limited
liability company, hereby agree with each other as follows:
1. The Fund hereby offers Vantagepoint and Vantagepoint
hereby purchases 100,000 units of beneficial interest
in the Vantagepoint Money Market Fund (such 100,000
units of beneficial interest being hereinafter
collectively known as "Shares") at a price of $1.00
per Share. Vantagepoint hereby acknowledges purchase
of the Shares and the Fund hereby acknowledges
receipt from Vantagepoint of funds in the amount of
$100,000 in full payment for the Shares.
2. Vantagepoint represents and warrants to the Fund that
the Shares are being acquired for investment purposes
and not with a view to the distribution thereof.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the 25th day of February, 1999.
The Vantagepoint Funds
By: ________________________________________
[Title]
Vantagepoint Investment Advisers, LLC
By: ________________________________________
[Title]
