EXHIBIT (13) (E)
PURCHASE AGREEMENT
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Excelsior Funds, Inc. (the "Company"), a Maryland corporation, and Edgewood
Services, Inc. ("Edgewood"), a New York corporation, hereby agree with each
other as follows:
1. The Company hereby offers Edgewood and Edgewood hereby purchases two
Shares of the Emerging Markets Fund of the Company at $10 per Share.
The Company hereby acknowledges receipt from Edgewood of funds in the
total amount of $20 in full payment for the Shares.
2. Edgewood represents and warrants to the Company that the Shares are
being acquired for investment purposed and not with a view to the
distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed this Agreement as of the 30th day of December, 1997.
EXCELSIOR FUNDS, INC.
By: /s/ F. S. Wonham
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Title: President
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EDGEWOOD SERVICES, INC.
By: /s/ X. Xxxxxx, Xx.
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Title: Treasurer
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