Kennedy Capital Management, Inc.
10829 Olive Boulevard
St. Louis, MO 63141
December 14, 2000
Threshold Advisor Funds, Inc.
10829 Olive Boulevard
St. Louis, Missouri 63141
Gentleman/Ladies:
We are writing in connection with the 10,000 shares of Class I common
stock of Threshold Small Cap Value Fund, a series of Threshold Advisor Funds,
Inc. that we have purchased from you at a price of $10.00 per share. This is to
advise you that the shares we have purchased were purchased for investment only
with no present intention of selling such shares, and we do not now have any
intention of selling such shares.
Very truly yours,
Kennedy Capital Management, Inc.
/s/ Charles W. Schweizer
Charles W. Schweizer
President
