EDGAR EXHIBIT 11
September 27, 2000
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Exhibit 11
Calvert Impact Fund, Inc.
File Numbers 811-10045, 333-44064
Ladies and Gentlemen:
As counsel to Calvert Impact Fund, Inc., it is my opinion, based upon an
examination of the articles of incorporation, amendments, restatements and
by-laws and such other original or photostatic copies of fund records,
certificates of public officials, documents, papers, statutes, and authorities
as I deemed necessary to form the basis of this opinion, that the securities
being registered by this Pre-Effective Amendment No. 3 will, when sold, be
legally issued, fully paid and non-assessable.
Consent is hereby given to file this Opinion of Counsel with the Securities and
Exchange Commission as an exhibit to the Fund's Pre-Effective Amendment No. 3 to
the Form N-14.
Sincerely,
/s/ Ivy Wafford Duke
Ivy Wafford Duke
Associate General Counsel
