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Exhibit 13 (h)
PURCHASE AGREEMENT
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The ARCH Fund, Inc. (the "Fund"), a Maryland corporation with transferrable
shares, and BISYS Funds Services Ohio, Inc. ("BISYS Ohio"), an Ohio
corporation, hereby agree with each other as follows:
1. The Fund hereby offers BISYS Ohio and BYSYS Ohio hereby purchases one
(1) Class M share of common stock, one (1) Class M - Special Series 1 share of
common stock, one (1) Class M - Special Series 2 share of common stock and (1)
Class M - Special Series 3 share of common stock, each such share representing
an interest in the ARCH Equity Income Portfolio (the "Portfolio") at a price of
$10 per share (such shares of common stock in the Portfolio being hereinafter
known as the "Shares"). BISYS Ohio hereby acknowledges the purchase of the
Shares and the Fund hereby acknowledges receipt from BISYS Ohio of funds in the
aggregate amount of $40 in full payment for the Shares.
2. BISYS Ohio 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 27th day of February, 1997.
THE ARCH FUND, INC.
By: /s/ Xxxx X. Xxxxxxx
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Title: President
BISYS FUND SERVICES OHIO, INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Title: Executive Vice President
