Exhibit l(5)
FORM OF
PURCHASE AGREEMENT
Pictet Funds (the "Trust"), a Massachusetts business trust,
and Pictet International Management Limited (the "Buyer") hereby
agree as follows:
1. The Trust hereby offers the Buyer and the Buyer hereby
purchases one (1) share (the "Share") at $10 per share of the
Trust's Pictet International Equity Fund (the "Fund"), with par
value of $.001 per share. The Share is the "initial share" of the
Fund. The Buyer hereby acknowledges receipt of a purchase
confirmation reflecting the purchase of the Share, and the Trust
hereby acknowledges receipt from the Buyer of funds in the amount
of $10 in full payment for the Share.
2. The Buyer represents and warrants to the Trust that the
Share purchased by the Buyer is being acquired for investment
purposes and not for the purpose of distribution.
3. The Trust represents that a copy of its Declaration of
Trust, dated May 23, 1995, is on file in the Office of the
Secretary of the Commonwealth of Massachusetts.
4. This Agreement has been executed on behalf of the Trust
by the undersigned officer of the Trust in her capacity as an
officer of the Trust. The obligations of this Agreement shall be
binding only upon the assets and property of the Fund and not upon
the assets and property of any other fund of the Trust.
5. This Agreement may be executed in counterparts, each of
which shall be deemed to be an original, but such counterparts
shall, together, constitute only one instrument.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the [ ] day of July 2000.
PICTET FUNDS
Attest:
____________________________ By:
________________________
Attest: PICTET INTERNATIONAL MANAGEMENT
LIMITED
____________________________ By:
________________________
