EXHIBIT 23I
OPINION AND CONSENT OF COUNSEL
DAVID JONES & ASSOC., P.C.
4747 Research Forest Drive
Suite 180, # 303
The Woodlands, TX 77381
281-367-9409 (Phone)
281-367-8401 (Facsimile)
AMIDEX Funds, Inc. June 9, 2000
555 North Lane, Suite 6160
Conshohocken, PA 19428
Dear Sirs:
As counsel to AMIDEX Funds, Inc. (the "Company"), a Maryland corporation
operating as a registered investment management company, I have been asked to
render my opinion with respect to the issuance of an indefinite number of shares
of beneficial interest of the Company (the "Shares") representing proportionate
interests in The ISDAQ Fund (the "Fund"). The Shares of the Fund are a series of
the Trust consisting of one class of shares, the No-Load Class, all as more
fully described in the Prospectus and Statement of Additional Information
contained in the Registration Statement on Form N-1A, to which this opinion is
an exhibit, to be filed with the Securities and Exchange Commission.
I have examined the Company's Articles of Incorporation, by-laws, the Prospectus
and Statement of Additional Information contained in the Registration Statement,
and such other documents, records and certificates as deemed necessary for the
purposes of this opinion.
Based on the foregoing, I am of the opinion that the Shares, when issued,
delivered and paid for in accordance with the terms of the Prospectus and
Statement of Additional Information, will be legally issued, fully paid, and
non-assessable by the Company. I also give my consent for the Company to
included this opinion as an Exhibit to the Company's Registration Statement on
Form N-1A.
Very Truly Yours,
/s/ David D. Jones
David D. Jones
Attorney & Counselor at Law
