Using axiomatic joint spectra we obtain a functional calculus which extends our previous Gelfand-Waelbroeck type results to include a Banach-valued Taylor-Waelbroeck spectrum.

In this paper we consider Bessel equations of the type $t^2{X}^{\left(2\right)}\left(t\right)+t{X}^{\left(1\right)}\left(t\right)+(t^{2}I-A^2)X\left(t\right)=0$, where A is an n$\times$n complex matrix and X(t) is an n$\times$m matrix for t > 0. Following the ideas of the scalar case we introduce the concept of a fundamental set of solutions for the above equation expressed in terms of the data dimension. This concept allows us to give an explicit closed form solution of initial and two-point boundary value problems related to the Bessel equation.