September 14, 2000
Board of Directors
Baird Funds, Inc.
777 East Wisconsin Avenue
Milwaukee, WI 53202
Re: SUBSCRIPTION FOR SHARES OF THE BAIRD HORIZON GROWTH FUND, BAIRD
INTERMEDIATE BOND FUND, BAIRD CORE BOND FUND, AND BAIRD AGGREGATE
BOND FUND (THE "FUNDS")
Dear Directors:
Robert W. Baird & Co. Incorporated offers to purchase from Baird
Funds, Inc. shares of common stock of the Funds at a price of $10.00 per share
for an aggregate purchase price of $100,000 cash, all such shares to be validly
issued, fully paid and non-assessable, except to the extent provided in Section
180.0622(2)(b) of the Wisconsin Statutes, upon issuance of such shares and
receipt of said payment by the Funds as follows:
FUND: PURCHASE PRICE:
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Baird Horizon Growth Fund
Institutional Class $12,500.00
Investor Class $12,500.00
Baird Intermediate Bond Fund
Institutional Class $12,500.00
Investor Class $12,500.00
Baird Core Bond Fund
Institutional Class $12,500.00
Investor Class $12,500.00
Baird Aggregate Bond Fund
Institutional Class $12,500.00
Investor Class $12,500.00
TOTAL: $100,000.00
These shares are not being purchased with any present intent of
distributing or reselling the same to the public and will be held for
investment.
Sincerely,
Robert W. Baird & Co. Incorporated
/S/ GLEN F. HACKMANN
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Glen F. Hackmann
Secretary
ACCEPTED AND AGREED to this 14th day of September, 2000.
Baird Funds, Inc.
By:/S/ BRETT R. MEILI
--------------------------
Name: BRETT R. MEILI
Title: SECRETARY
