EXHIBIT 13
SUBSCRIPTION AGREEMENT
TO PURCHASE SHARES OF COMMON STOCK
MILLENIUM TAX-FREE INCOME FUND, INC.
C/X XXXXXX SECURITIES, INC.
00 XXXXX XXXXXX
XXXXXXXX, XXX XXXXXX 00000
(000) 000-0000
1. Upon the terms and conditions contained in this Subscription Agreement,
the undersigned hereby subscribes for and agrees to purchase the number of
shares indicated below of Class A Common Stock, $.01 par value per share (the
"Common Stock"), of Millenium Tax-Free Income Fund, Inc., a Maryland corporation
(the "Fund"). The undersigned has executed and delivered this Subscription
Agreement in connection with the registration of common stock described in the
Fund's Registration Statement on Form N-1A dated __________, 1998.
2. The undersigned agrees to purchase the shares of Common Stock subscribed
for herein at the subscription price (the "Subscription Price") of $100,000, and
prior to obtaining an order of the SEC accelerating the effective date of the
Registration Statement, will deliver a check, bank draft or money order payable
to "Millenium Tax-Free Income Fund, Inc." in an amount equal to the total
Subscription Price of all shares subscribed for herein.
3. The undersigned is an "Accredited Investor" as defined under Regulation
D promulgated under the Securities Act of 1933, as amended, and is acquiring its
interest in the Fund (not as nominee or agent) for investment and not with view
to, or for sale in connection with, any distribution thereof (in whole or in
part). The undersigned has no present intention of distributing, transferring,
reselling or redeeming any portion of its interest in the Fund.
THE FOLLOWING IS TO BE COMPLETED BY THE UNDERSIGNED:
( 100,000 ) Number of Shares
-------------
$100,000 Total Subscription Price Due
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XXXXXX SECURITIES, INC.
00 Xxxxx Xxxxxx
Xxxxxxxx, Xxx Xxxxxx 00000
By: /s/ Xxxx X. Xxxx
----------------
Xxxx X. Xxxx
Chairman and Chief Executive Officer
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