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EXHIBIT (i)
OPINION AND CONSENT OF COUNSEL
DYKEMA GOSSETT PLLC
400 Renaissance Center
Detroit, Michigan 48243
October 6, 2000
Board of Trustees
Lindner Investments
7711 Carondelet Avenue, Suite 700
St. Louis, MO 63105
Gentlemen:
Lindner Investments, a Massachusetts business trust (the "Trust")
has registered under the Securities Act of 1933, as amended (the "1933
Act"), an indefinite number of shares of beneficial interest, as
permitted by Rule 24f-2 under the Investment Company Act of 1940, as
amended (the "1940 Act"). The Trust proposes to file Post-Effective
Amendment No. 24 to its Registration Statement on Form N-1A (the "Post-
Effective Amendment") as required by Section 10(a)(3) of the 1933 Act
with respect to certain units of beneficial interest of the Trust (the
"Shares").
We have examined the Trust's Declaration of Trust on file with the
Secretary of the Commonwealth of Massachusetts and the Clerk of the City
of Boston. We have also examined a copy of the Trust's Bylaws and such
other documents and records as we have deemed necessary for the purpose
of this opinion.
Based on the foregoing, we are of the opinion that the issue and
sale of the authorized but unissued shares of beneficial interest in the
Series have been duly authorized under Massachusetts law and by the
Board of Trustees of the Trust. Upon the original issue and sale of the
Trust's authorized and unissued shares and upon receipt of the full
consideration therefor in an amount not less than the net asset value of
the shares established and in force at the time of their sale, the
Shares will be validly issued, fully-paid and non-assessable.
Lindner Investments is an entity of the type commonly known as a
"Massachusetts business trust." Under Massachusetts law, shareholders
could, under certain circumstances, be held personally liable for the
obligations of the Trust. However, the Declaration of Trust for Lindner
Investments provides for indemnification out of the property of a
particular series of shares for all loss and expense of any shareholder
of that series that is held personally liable solely by reason of
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his or her being or having been a shareholder. Thus, the risk of
shareholder liability is limited to circumstances in which that series
of shares itself would be unable to meet its obligations.
We understand that this opinion is to be used in connection with
the filing of the Post-Effective Amendment. We consent to the filing of
this opinion with and as an exhibit to the Post-Effective Amendment.
Very truly yours,
DYKEMA GOSSETT PLLC
/S/ DYKEMA GOSSETT PLLC
PRR/kjh
