0000922423-98-000099 Sample Contracts

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ROBERT J. KRAMER 500 FIFTH AVENUE NEW YORK, NEW YORK 10110
Trautman Kramer Trust • February 3rd, 1998

Robert J. Kramer, as Trustee of The Trautman Kramer 401K Plan (the "Trustees") hereby offers to purchase 10,128.400 Class A shares (the "Seed Capital Shares") of the Trautman Kramer Value Plus Fund (the "Fund"), a series of The Trautman Kramer Trust. This letter will confirm that the Trustee is purchasing the Seed Capital Shares for its own account for investment purposes only and not with a view to reselling or otherwise distributing such shares.

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