Exhibit (l) Cohen & Steers VIF Realty Fund, Inc. 757 Third Avenue New York, New York 10017 December 22, 2004 Cohen & Steers Capital Management, Inc. 757 Third Avenue New York, New York 10017 Dear Sirs: Cohen & Steers VIF Realty Fund, Inc. (the "Fund")...

                                                                     Exhibit (l)



                      ▇▇▇▇▇ & Steers VIF Realty Fund, Inc.
                                ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
                            ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇


                                                               December 22, 2004


▇▇▇▇▇ & Steers Capital Management, Inc.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇

Dear Sirs:

         ▇▇▇▇▇ & Steers VIF Realty Fund, Inc. (the "Fund") hereby accepts your
offer to purchase 10,000 shares, each at a price of $10.00 per share for an
aggregate purchase price of $100,000. This agreement is subject to the
understanding that you have no present intention of selling or redeeming the
shares so acquired.

                                                     Sincerely,

                                                     ▇▇▇▇▇ & Steers VIF
                                                     Realty Fund, Inc.



                                                     By:
                                                        -----------------------


Accepted:

▇▇▇▇▇ & Steers Capital Management, Inc.



By:
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