N:\shared\legal\lipper\forms\rul18f-1.doc
THIS PAPER DOCUMENT IS BEING SUBMITTED PURSUANT TO RULE 902(g) OF
REGULATION S-T.
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
THE LIPPER FUNDS, INC.
----------------------
Exact Name of Registrant
NOTIFICATION OF ELECTION
------------------------
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.
SIGNATURE
---------
Pursuant to the requirements of Rule 18f-1 under the
Investment Company Act of 1940, the registrant has caused this
notification of election to be duly executed on its behalf in the
city of Boston and the state of Massachusetts on the 28th day of
December 1995.
The Lipper Funds, Inc.
By: /s/ Robert E. O'Hare
---------------------
Assistant Secretary
Attest: /s/ Michael Leary
--------------------
Assistant Treasurer