INVESTMENT LETTER
XXXXXXXX XXXXXXXXX GLOBAL FUND SERIES, INC.
Xxxxxxxx Xxxxxxxxx Global Fund Series, Inc. (the "Fund"), an open-end
diversified management investment company, and the undersigned ("Purchaser"),
intending to be legally bound, hereby agree as follows:
1. The Fund hereby sells to Purchaser and Purchaser purchases 1 Class C share
of Capital Stock (par value $.001) of the Xxxxxxxx Xxxxxxxxx International
Series of the Fund (the "International Series") at a price equivalent to
the net asset value of one Class D share of the International Series as of
the close of business on May 27, 1999, 1 Class C share of Capital Stock
(par value $.001) of the Xxxxxxxx Xxxxxxxxx Emerging Markets Growth Series
of the Fund (the "Emerging Markets Growth Series") at a price equivalent to
the net asset value of one Class D share of the Emerging Markets Growth
Series as of the close of business on May 27, 1999, 1 Class C share of
Capital Stock (par value $.001) of the Xxxxxxxx Xxxxxxxxx Global Growth
Opportunities Series of the Fund (the "Global Growth Opportunities Series")
at a price equivalent to the net asset value of one Class D share of the
Global Growth Opportunities Series as of the close of business on May 27,
1999, 1 Class C share of Capital Stock (par value $.001) of the Xxxxxxxx
Xxxxxxxxx Global Smaller Companies Series of the Fund (the "Global Smaller
Companies Series") at a price equivalent to the net asset value of one
Class D share of the Global Smaller Companies Series as of the close of
business on May 27, 1999, and 1 Class C share of Capital Stock (par value
$.001) of the Xxxxxxxx Xxxxxxxxx Global Technology Series of the Fund (the
"Global Technology Series") at a price equivalent to the net asset value of
one Class D share of the Global Technology Series as of the close of
business on May 27, 1999 (collectively, the "Shares"). The Fund hereby
acknowledges receipt from Purchaser of funds in such amount in full payment
for the Shares
2. Purchaser represents and warrants to the Fund 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 Share.
IN WITNESS WHEREOF, the parties have executed this agreement as of the
28th day of May, 1999 ("Purchase Date").
XXXXXXXX XXXXXXXXX GLOBAL FUND SERIES, INC.
By: _______________________________
Name: Xxxxxxxx X. Xxxxx
Title: Vice President
X. & X. XXXXXXXX & CO. INCORPORATED
By: ________________________________
Name: Xxxxx X. Xxxx
Title: President
