SUBSCRIPTION AGREEMENT
TRUST FOR INVESTMENT MANAGERS (the "Trust") , a registered open-end
management investment company, and St. Xxxxx X. Xxxxxxx & Co., (the
"Purchaser"), intending to be legally bound, hereby agree as follows:
1. In order to provide the Trust with its initial capital, the Trust hereby
sells to the Purchaser, and the Purchaser hereby purchases 10,000 shares of
beneficial interest, no par value of the Trust (the "Shares"), at a price of
$10.00 per share. The Trust hereby acknowledges receipt from the Purchaser of
funds in the amount of $100,000 in full payment for the shares.
2. The 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 the Purchaser has no present intention to redeem or dispose of any of the
Shares.
IN WITNESS WHEREOF, the parties have executed this agreement as of the __
day of September, 1999.
TRUST FOR INVESTMENT MANAGERS
By:
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ST. XXXXX X. XXXXXXX & CO.
By:
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