Exhibit l (14)
PURCHASE AGREEMENT
The Galaxy Fund, a Massachusetts business trust (the "Trust"), and Liberty
Funds Distributor, Inc., a Massachusetts corporation ("LFDI"), hereby agree with
each other as follows:
1. The Trust hereby offers LFDI and LFDI hereby purchases ten (10) Class EE
- Series 1 Shares and ten (10) Class EE - Series 2 Shares (collectively
"Shares"), all such shares representing interests in the New York Municipal
Money Market Fund, at a purchase price of $1.00 per share. LFDI hereby
acknowledges purchase of the Shares and the Trust hereby acknowledges receipt
from LFDI of funds in the amount of $20 in full payment for the Shares.
2. LFDI represents and warrants to the Trust that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "The Galaxy Fund" and "Trustees of The Galaxy Fund" refer
respectively to the Trust created and the Trustees, as trustees but not
individually or personally, acting from time to time under a Declaration of
Trust dated March 31, 1986 which is hereby referred to and a copy of which is on
file at the office of the State Secretary of the Commonwealth of Massachusetts
and at the principal office of the Trust. The obligations of "The Galaxy Fund"
entered into in the name or on behalf thereof by any of the Trustees,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders or representatives of the
Trust personally, but bind only the Trust property, and all persons dealing with
any class of shares of the Trust must look solely to the Trust property
belonging to such class for the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the ___ day of ____________, 2002.
THE GALAXY FUND
By:
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▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Vice President
LIBERTY FUNDS DISTRIBUTOR, INC.
By:
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