Exhibit (13)(i)
PURCHASE AGREEMENT
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The PNC(R) Fund (the "Fund"), a Massachusetts business trust, and Provident
Distributors, Inc. ("PDI"), a Delaware corporation, hereby agree as follows:
1. The Fund hereby offers PDI and PDI hereby purchases (a) one share of
each series of Shares of the Fund's New Jersey Tax-Free Income Portfolio, Core
Bond Portfolio, Multi-Sector Mortgage Portfolio III and International Bond
Portfolio, (b) one Series C Investor Share of each of the Fund's other twenty-
five portfolios, (c) one Institutional Share and one Service Share of the Fund's
Government Income Portfolio, and (d) one Series B Investor Share of each of the
Government Money Market, Municipal Money Market, New Jersey Municipal Money
Market, North Carolina Municipal Money Market, Ohio Municipal Money Market,
Pennsylvania Municipal Money Market and Virginia Municipal Money Market
Portfolios for $10 per non-money market portfolio Share and $1 per money market
portfolio Share. The Fund hereby acknowledges receipt from PDI of funds in full
payment for the foregoing Shares.
2. PDI represents and warrants to the Fund that the foregoing Shares are
being acquired for investment purposes and not with a view to the distribution
thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the
parties hereto have executed this Agreement as of January 10, 1996.
THE PNC(R) FUND
By: /s/ Xxxxxx X. Xxxxx
______________________
its: Vice President and Treasurer
PROVIDENT DISTRIBUTORS, INC.
By: /s/ Xxxxxx X. Xxxxxxx
__________________________
its: Chief Operating Officer
