▇▇▇▇▇ & Steers Realty Focus Fund, Inc.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
September 30, 2004
▇▇▇▇▇ & Steers Capital Management, Inc.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Dear Sirs:
▇▇▇▇▇ & Steers Realty Focus Fund, Inc. (the "Fund") hereby accepts your
offer to purchase such number of Class A, Class B and Class C shares of the Fund
corresponding to an aggregate $________ investment in each class, at a price per
share equivalent to the net asset value of one Class I share of the Fund as of
the close of business on September 30, 2004.
This agreement is subject to the understanding that you have no present
intention of selling or redeeming the shares so acquired.
Sincerely,
▇▇▇▇▇ & Steers
Realty Focus Fund, Inc.
By:
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Accepted:
▇▇▇▇▇ & Steers Capital Management, Inc.
By:
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