INVESTMENT LETTER
XXXXXXXX TIME HORIZON/HARVESTER SERIES, INC.
Xxxxxxxx Time Horizon/Harvester Series, Inc. (the "Series"), an open-end
diversified management investment company, and the undersigned ("Purchaser"),
intending to be legally bound, hereby agree as follows:
1. In order to provide the Series with its initial capital, the Series hereby
sells to Purchaser and Purchaser purchases 3,502 shares of Class A Capital
Stock (par value $.001) of Xxxxxxxx Time Horizon 30 Fund, 3,502 shares of
Class A Capital Stock (par value $.001) of Xxxxxxxx Time Horizon 20 Fund,
3,502 shares of Class A Capital Stock (par value $.001) of Xxxxxxxx Time
Horizon 10 Fund and 3,502 shares of Class A Capital Stock (par value $.001)
of Xxxxxxxx Harvester Fund, in each case at a price of $7.14 per share (the
"Shares") as of the close of business on December __, 1999. The Series
hereby acknowledges receipt from Purchaser of funds in the amount of
$100,017.12 in full payment for the Shares.
2. Purchaser represents and warrants to the Series 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 __th day
of December, 1999 ("Purchase Date").
XXXXXXXX TIME HORIZON/HARVESTER SERIES, INC.
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
