<PAGE>
EXHIBIT (I)
CHARLES W. LUTTER, JR.
ATTORNEY AND COUNSELOR AT LAW
103 Canyon Oaks
San Antonio, Tx. 78232-1305
(210)495-5438
Fax (210)496-1631
July 6, 2000
Board of Trustees
ICON Funds
12835 E. Arapahoe Road
Tower II, PH
Englewood, Co. 80112
Re: ICON Funds - Legal Opinion concerned the ICON Fund
Dear Sirs:
I have been asked to provide this legal opinion and consent so that ICON Funds
(the "Trust") my have a current opinion to complete post-effective amendment No.
8 (the "PEA") to its registration statement on Form N-1A.
I have considered, among other things, the Trust's registration statement, trust
documents. the legal opinions of Lynch, Brewer, Hoffman & Sands, LLP previously
filed as exhibits to the Trust's registration statement and actions of the
Trustees as furnished by the Trust.
Based on my review, I am of the opinion that shares of beneficial interest in
the ICON Fund series of the Trust are duly authorized and when purchased and
paid for as described in the Trust's registration statement, will be validly
issued, fully paid and non-assessable.
I am delivering this letter to the Trust and no person other than the Trust may
rely on it.
I hereby consent to the filing of this opinion of counsel as an exhibit to the
PEA.
Sincerely,
/s/ Charles W. Lutter, Jr.
Charles W. Lutter, Jr.
