0001047469-97-008294 Sample Contracts

EXHIBIT 5(b)
Management Agreement • December 19th, 1997 • Valiant Fund
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EXHIBIT 9(b)
Transfer Agency and Service Agreement • December 19th, 1997 • Valiant Fund • Massachusetts
EXHIBIT 9(a)
Administration Agreement • December 19th, 1997 • Valiant Fund • Massachusetts
EXHIBIT 6(a) Form of Notice with respect to Distribution Agreement
Valiant Fund • December 19th, 1997
EXHIBIT 13 Subscription Agreement
Valiant Fund • December 19th, 1997

The Valiant Fund (the "Fund") proposes to issue and sell to the public its shares of beneficial interest without par value (the "Shares") pursuant to a registration statement on Form N-1A (the "Registration Statement") filed with the Securities and Exchange Commission. In order to provide the Fund with a net worth of at least $100,000 as required by Section 14 of the Investment Company Act of 1940, as amended, and additional capitalization, we hereby offer to purchase 100,000 Shares at a price of $1.00 per Share [two] days prior to the effective date of the Registration Statement (or such earlier date as may be agreed upon).

EXHIBIT 1
Valiant Fund • December 19th, 1997 • Valiant Fund • Massachusetts
EXHIBIT 6(b) Distribution Agreement between Integrity Management & Research, Inc., Integrity Investments, Inc. and The Valiant Fund
Distribution Agreement • December 19th, 1997 • Valiant Fund • Massachusetts
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