FORM OF
INVESTMENT LETTER
XXXXXXXX HIGH INCOME FUND SERIES
Xxxxxxxx High Income Fund Series (the "Trust"), an open-end diversified
management investment company, and the undersigned (the "Purchaser"), intending
to be legally bound, hereby agree to the following:
1. The Trust hereby sells to Purchaser and Purchaser purchases such number of
Class R shares (the "Shares") of Beneficial Interest (par value $.001) of
the Xxxxxxxx High-Yield Bond Series of the Trust (the "High-Yield Series")
corresponding to a $1,000.00 investment, at a price per share equivalent
to the net asset value of one Class A share of the High-Yield Series as of
the close of business on ________________, 2003 and such number of Class R
shares of Beneficial Interest (par value $.001) of the Seligman U.S.
Government Securities Series of the Trust (the "U.S. Government Series")
corresponding to a $1,000.00 investment, at a price per share equivalent
to the net asset value of one Class A share of the U.S. Government Series
as of the close of business on ____________, 2003 (the "Purchase Date").
The Trust hereby acknowledges receipt from the Purchaser of funds in the
amount of $2,000.00 in full payment for the Shares.
2. Purchaser represents and warrants to the Trust that the Shares are being
acquired for investment and not with a view to distribution thereof, and
that Purchaser has no present intention to redeem or dispose of the
Shares.
IN WITNESS WHEREOF, the parties have executed this agreement as of the Purchase
Date.
XXXXXXXX HIGH INCOME FUND SERIES
By:
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Name: Xxxxxxxx X. Xxxxx
Title: Vice President
XXXXXXXX ADVISORS, INC.
By:
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Name: Xxxxxxx X. Xxxxxxx
Title: President
