Consider a homogenized spectral pencil of exactly solvable linear differential operators $T_{\la}=\sum_{i=0}^k Q_{i}(z)\la^{k-i}\frac {d^i}{dz^i}Q_{i}(z)i\la$ is the spectral parameter. We show that under mild nondegeneracy assumptions for all sufficiently large positive integers there exist exactly distinct values , , of the spectral parameter such that the operator has a polynomial eigenfunction of degree . These eigenfunctions split into different families according to the asymptotic behavior of their eigenvalues. We conjecture and prove sequential versions of three fundamental properties: the limits exist, are analytic and satisfy the algebraic equation $\sum_{i=0}^k Q_{i}(z) \Psi_{j}^i(z)=0\bCP$. As a consequence we obtain a class of algebraic functions possessing a branch near which is representable as the Cauchy transform of a compactly supported probability measure.

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