LIPPER FUNDS INC
N-18F1, 1995-12-28
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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



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