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EXHIBIT (i)
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ICON Funds - Part C Page 109 of 000
Xxxxx, Xxxxxx, Xxxxxxx & Xxxxx, XXX
Xxxxxxxxx at Law
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000-0000
------------------
Telephone (000) 000-0000 Fax (000) 000-0000
November 27, 2000
ICON Funds
c/o Meridian Investment Management Corporation
00000 Xxxx Xxxxxxxx Xxxx, Xxxxx XX
Xxxxxxxxx, Xxxxxxxx 00000
Ladies and Gentlemen:
As counsel to ICON FUNDS, a Massachusetts business trust (the
"Trust"), we have been asked to render our opinion with respect to the issuance
of an indefinite number of shares of beneficial interest in the Trust (the
"Shares") representing interests in ICON Materials Fund, ICON Consumer
Discretionary Fund, ICON Energy Fund, ICON Financials Fund, ICON Healthcare
Fund, ICON Leisure and Consumer Staples Fund, ICON Information Technology Fund,
ICON Telecommunication & Utilities Fund, ICON Industrials Fund, ICON Asia Region
Fund, ICON South Pacific Region Fund, ICON North Europe Region Fund, ICON South
Europe Region Fund, ICON Western Hemisphere Fund and ICON Short-Term Fixed
Income Fund (collectively, the "Funds"), the Shares of each of such Funds being
a series of the Trust, as more fully described in the Prospectus and Statement
of Additional Information in the form contained in the Trust's Registration
Statement on Form N-1A, as amended through the date hereof, to which this
opinion is an exhibit, to be filed with the Securities and Exchange Commission.
We have examined the Master Trust Agreement of the Trust, dated
September 19, 1996, as amended through the date hereof, the Prospectus and
Statement of Additional Information contained in such other documents, records
and certificates as we have deemed necessary for the purposes of this opinion.
In rendering this opinion, we have, with your approval, relied, as to all
questions of fact material to this opinion, upon certain certificates of public
officials and of your officers and assumed the genuineness of the signatures on,
and the authenticity of, all documents furnished to us, which facts we have not
independently verified.
Based upon the foregoing, we are of the opinion that the Shares, when
issued, delivered and paid for in accordance with the terms of the Master Trust
Agreement, the Prospectus and the Statement of Additional Information, will be
legally issued, fully paid and non-assessable by the Trust.
ICON FUNDS
November 27, 2000
Page 2 of 2
We hereby consent to your filing this opinion as an exhibit to Post
Effective Amendment Number 9 to the Registration Statement. In giving such
consent, we do not thereby admit that we come within the category of persons
whose consent is required under Section 7 of the Securities Act of 1933, as
amended, or the rules and regulations of the Securities and Exchange Commission.
Very truly yours,
/s/ Lynch, Brewer, Xxxxxxx & Xxxxx, LLP
LYNCH, BREWER, XXXXXXX & SANDS, LLP
