Principal
Financial Principal Life
Group Insurance Company
November 30, 2000
Mr. Ralph C. Eucher
President
Principal Investors Fund, Inc. - Pacific Basin Fund
Principal Financial Group
Des Moines, IA 50392-0200
Dear Mr. Eucher
Principal Life Insurance Company intends to purchase 5,000,000 shares of Common
Stock of Principal Investors Fund, Inc. - Pacific Basin Fund, 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
