G O D F R E Y & K A H N, S. C.
Attorneys At Law
780 North Water Street
Milwaukee, WI 53202-3590
TEL: (414) 273-3500 FAX: (414) 273-5198
www.gklaw.com
September 14, 2000
Baird Funds, Inc.
777 E. Wisconsin Avenue
Milwaukee, Wisconsin 53202
Gentlemen:
We have acted as your counsel in connection with the preparation of a
Registration Statement on Form N-1A (Registration Nos. 333-40128; 811-09997)
(the "Registration Statement") relating to the sale by you of an indefinite
number of shares (the "Shares") of common stock, $.01 par value of the Investor
and Institutional classes of the Baird Horizon Growth Fund, Baird Intermediate
Bond Fund, Baird Core Bond Fund, Baird Aggregate Bond Fund, Baird Short-Term
Bond Fund and Baird Intermediate Municipal Bond Fund (the "Funds"), each a
series of Baird Funds, Inc. (the "Company"), in the manner set forth in the
Registration Statement (and the Prospectuses of the Funds included therein).
We have examined: (a) the Registration Statement (and the Prospectuses
of the Funds included therein), (b) the Company's Articles of Incorporation and
By-Laws, (c) certain resolutions of the Company's Board of Directors, and (d)
such other proceedings, documents and records as we have deemed necessary to
enable us to render this opinion.
Based upon the foregoing, we are of the opinion that the Shares, when
sold as contemplated in the Registration Statement, will be duly authorized and
validly issued, fully paid and nonassessable except to the extent provided in
Section 180.0622(2)(b) of the Wisconsin Statutes.
We consent to the use of this opinion as an exhibit to the Registration
Statement. In giving this consent, however, we do not admit that we are
"experts" within the meaning of Section 11 of the Securities Act of 1933, as
amended, or within the category of persons whose consent is required by Section
7 of said Act.
Very truly yours,
/s/ Godfrey & Kahn, S.C.
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GODFREY & KAHN, S.C.
