PRINCIPAL PARTNERS LARGECAP BLEND FUND INC, N-1A/A, EX-99.LINTCAPAGRE, 2000-12-22

PRINCIPAL PARTNERS LARGECAP BLEND FUND INC
N-1A/A, EX-99.LINTCAPAGRE, 2000-12-22

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Princor
   Financial
   Services
   Corporation


December 21, 2000



Mr. Ralph C. Eucher
President
Principal Partners LargeCap Blend Fund, Inc.
Principal Financial Group
Des Moines, IA 50392-0200



Dear Mr. Eucher

Principal Life Insurance  Company  intends to purchase  500,000 shares of Common
Stock of Principal  Partners LargeCap Blend Fund, Inc., par value $.01 per share
(the "Shares") at $10.00 per share. In connection with such purchase,  Principal
Life Insurance Company represents and warrants that it will purchase such Shares
as an investment and not with a view to resell, distribute or redeem.


                                            PRINCIPAL LIFE INSURANCE COMPANY


                                            By  /s/Michael D. Roughton
                                               ---------------------------------
                                                 Michael D. Roughton
                                                 Counsel

MDR/ka