EXHIBIT ITEM 23(l)
Purchase Agreement
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 I 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 November 30, 2001 (the "Purchase Date"). The Trust
hereby acknowledges receipt from the Purchaser of funds in the amount of
$1,000.00 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: /s/ Xxxxxxxx X. Xxxxx
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Name: Xxxxxxxx X. Xxxxx
Title: Vice President
XXXXXXXX ADVISORS, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
-----------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President
