April 28, 2008

Selected American Shares, Inc.
Selected Special Shares, Inc.
Selected Capital Preservation Trust

2949 East Elvira Road, Suite 101
Tucson, Arizona 85706

Ladies and Gentlemen:

We have acted as counsel for Selected  American Shares,  Inc.,  Selected Special
Shares,   Inc.,  and  Selected  Capital  Preservation  Trust  (the  "Funds")  in
connection with the registration under the Securities Act of 1933 (the "Act") of
an indefinite number of shares of beneficial interest in the Funds (collectively
the "Shares") in registration  statement Nos. 2-10699,  2-27514, and 33-15807 on
Form N-1A (the "Registration Statement").

In this connection we have examined originals,  or copies certified or otherwise
identified to our satisfaction, of such documents,  corporate and other records,
certificates  and other  papers as we deemed it  necessary  to  examine  for the
purpose of this opinion, including the Articles of Incorporation(or  Declaration
of Trust) and Bylaws of the Funds, actions of the Board of Directors authorizing
the issuance of Shares and the Registration Statements of the Funds.

Based on the foregoing examination, we are of the opinion that upon the issuance
and delivery of the Shares in accordance with the Articles of Incorporation  and
the actions of the Board of  Directors  authorizing  the issuance of the Shares,
and the  receipt  by the Funds of the  authorized  consideration  therefor,  the
Shares so issued will be validly issued, fully paid and nonassessable.

We  consent to the  filing of this  opinion  as an  exhibit to the  Registration
Statement.  In giving this consent,  we do not admit that we are in the category
of persons whose consent is required under section 7 of the Act.

                                        Very truly yours,


                                        /s/ Seyfarth Shaw LLP