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Exhibit (13)(f)(1)
PURCHASE AGREEMENT
The ARCH Fund, Inc. (the "Fund"), a Maryland corporation with
transferable shares, and BISYS Fund Services Ohio, Inc. ("BISYS Ohio"), an Ohio
corporation, hereby agree with each other as follows:
1. The Fund hereby offers BISYS Ohio and BISYS Ohio hereby
purchases 1 Class N share(s) of common stock, 1 Class N-Special Series 1
share(s) of common stock and 1 Class N-Special Series 2 share(s) of common
stock, each such share representing an interest in the ARCH National Municipal
Bond Portfolio (the "Portfolio") at a price of $10 per share for Class N common
stock, $10 per share for Class N-Special Series 1 common stock and $10 per share
for Class N-Special Series 2 common stock (such shares of common stock in the
Portfolio being hereinafter known as the "Shares"). BISYS Ohio hereby
acknowledges the purchase of the Shares and the Fund hereby acknowledges receipt
from BISYS Ohio of funds in the aggregate amount of $30 in full payment for the
Shares.
2. BISYS Ohio represents and warrants to the Fund that the
Shares are being acquired for investment purposes and not with a view to the
distribution thereof.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the 14th day of November, 1996.
THE ARCH FUND, INC.
By: /s/ Xxxxx X. Xxxxxxx
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Title: President
BISYS FUND SERVICES OHIO, INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Title: Executive Vice President
