STRONG MUNICIPAL FUNDS INC
485BPOS, EX-99.L, 2000-12-15
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                        STRONG MUNICIPAL FUNDS, INC.
                           -STRONG TAX-FREE MONEY FUND

                          STOCK SUBSCRIPTION AGREEMENT

To the Board of Directors of Strong Common Stock Fund, Inc.:

         The  undersigned  purchaser  (the  "Purchaser")  hereby  subscribes  to
210,000  shares (the  "Shares") of common stock,  $.00001 par value (the "Common
Stock"),  of Strong  Municipal  Funds,  Inc.  - Strong  Tax-Free  Money  Fund in
consideration for which the Purchaser agrees to transfer to you upon demand cash
in the amount of Two Million One Hundred Thousand Dollars ($2,100,000).

         It is understood  that a certificate  representing  the Shares shall be
issued to the  undersigned  upon  request  at any time  after  receipt by you of
payment therefore, and said Shares shall be deemed fully paid and nonassessable,
except  to the  extent  provided  in  Section  180.0622(2)(b)  of the  Wisconsin
Statutes, as interpreted by courts of competent  jurisdiction,  or any successor
provision to said Section 180.0622(2)(b).

         The Purchaser agrees that the Shares are being purchased for investment
with no present intention of reselling or redeeming said Shares.

         Dated and effective this 15th day of December, 2000.

                                            STRONG INVESTMENTS, INC.


                                            By: /S/ RICHARD W. SMIRL
                                                Richard W. Smirl
                                                Vice President and Chief
                                                Compliance Officer

                                   ACCEPTANCE

         The foregoing  subscription is hereby accepted.  Dated and effective as
of this 15th day of December, 2000.

                                            STRONG MUNICIPAL FUNDS, INC.
                                             -Strong Tax-Free Money Fund

                                            By: /S/ CATHLEEN A. EBACHER
                                                Cathleen A. Ebacher
                                                Vice President and Assistant
                                                Secretary

                                        Attest: /S/ SUSAN A. HOLLISTER
                                                Susan A. Hollister
                                                Vice President and Assistant
                                                Secretary




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