Securities and Exchange Commission
Washington, D.C. 20549
Form N-18F-1
NOTIFICATION OF ELECTION PURSUANT TO RULE
18F-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
TEXAS CAPITAL VALUE FUND - VALUE & GROWTH
PORTFOLIO
(Exact Name of Registrant)
The undersigned registered open-end investment
company hereby notifies the Securities and Exchange
Commission that it elects to commit itself to pay in cash all
redemptions by a shareholder of record as provided by Rule
18f-1 under the Investment Company Act of 1940. It is
understood that this election is irrevocable while such Rule is
in effect unless the Commission by order upon application
permits the withdrawal of this Notification of Election
Pursuant to the requirements of the Investment
Company Act of 1940, the registrant has caused this
notification of election to be duly signed on its behalf in the
City of Austin and State of Illinois on the 9th day of January,
1996.
Signature: Texas Capital Value Funds -
Value and Growth Portfolio
By: /s/ Mark A. Coffelt
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Mark A. Coffelt, President
Attest: /s/ Eric D. Barden
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Eric D. Barden, Secretary
