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EX-99.B13
SUBSCRIPTION AGREEMENT
INVESTORS FUND SERIES
▇▇▇▇▇▇-▇▇▇▇▇▇ High Return Equity Portfolio
▇▇▇▇▇▇-▇▇▇▇▇▇ Financial Services Portfolio
▇▇▇▇▇▇ International Growth and Income Portfolio
▇▇▇▇▇▇ Global Blue Chip Portfolio
1. Share Subscription. The undersigned agrees to purchase
from INVESTORS FUND SERIES (the "Fund") the number of shares (the
"Shares") of the Fund's ▇▇▇▇▇▇-▇▇▇▇▇▇ High Return Equity
Portfolio, ▇▇▇▇▇▇-▇▇▇▇▇▇ Financial Services Portfolio, ▇▇▇▇▇▇
International Growth and Income Portfolio and ▇▇▇▇▇▇ Global Blue
Chip Portfolios (the "Portfolios"), without par value, set forth
at the end of this Agreement on the terms and conditions set
forth herein and in the Preliminary Prospectus ("Preliminary
Prospectus") described below, and hereby tenders the amount of
the price required to purchase these Shares at the price set
forth at the end of this Agreement.
The undersigned understands that the Fund has prepared a
registration statement or an amendment thereto for filing with
the Securities and Exchange Commission on Form N-1A, which
contains the Preliminary Prospectus which describes the Fund, the
Portfolios and the Shares. By its signature hereto, the
undersigned hereby acknowledges receipt of a copy of the
Preliminary Prospectus.
The undersigned recognizes that the Portfolios will not be
fully operational until such time as they commence the public
offering of their shares. Accordingly, a number of features of
the Portfolios described in the Preliminary Prospectus,
including, without limitation, the declaration and payment of
dividends, and redemption of shares upon request of shareholders,
are not, in fact, in existence at the present time and will not
be instituted until the Fund's registration under the Securities
Act of 1933 is made effective.
2. Registration and Warranties. The undersigned hereby
represents and warrants as follows:
(a) It is aware that no Federal or state agency has
made any findings or determination as to the fairness for
investment, nor any recommendation or endorsement, of the
Shares;
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(b) It has such knowledge and experience of financial
and business matters as will enable it to utilize the
information made available to it in connection with the
offering of the Shares, to evaluate the merits and risks of
the prospective investment and to make an informed
investment decision;
(c) It recognizes that the Portfolios have no
financial or operating history and, further, that investment
in the Portfolios involves certain risks, and it has taken
full cognizance of and understands all of the risks related
to the purchase of the Shares, and it acknowledges that it
has suitable financial resources and anticipated income to
bear the economic risk of such an investment;
(d) It is purchasing the Shares for its own account,
for investment, and not with any present intention of
redemption, distribution, or resale of the Shares, either in
whole or in part;
(e) It will not sell the Shares purchased by it
without registration of the Shares under the Securities Act
of 1933 or exemption therefrom;
(f) This Agreement and the Preliminary Prospectus and
such material documents relating to the Fund as it has
requested have been provided to it by the Fund and have been
reviewed carefully by it; and
(g) It has also had the opportunity to ask questions
of, and receive answers from, representatives of the Fund
concerning the Fund and the terms of the offering.
3. The undersigned recognizes that the Fund reserves the
unrestricted right to reject or limit any subscription and to
close the offer at any time.
Number of Shares of each Portfolio: 1,200 shares at a
subscription price of $1.000 per share for an aggregate price of
$1,200 for each of the ▇▇▇▇▇▇-▇▇▇▇▇▇ High Return Equity, ▇▇▇▇▇▇-
▇▇▇▇▇▇ Financial Services, ▇▇▇▇▇▇ International Growth and Income
and ▇▇▇▇▇▇ Global Blue Chip Portfolios.
IN WITNESS WHEREOF, the undersigned has executed this
instrument this 24th day of April, 1998.
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ INVESTMENTS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Vice President
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