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
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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 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 the 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 Falls Church and the State of Virginia on the 17th day of June, 1996.
Signature: Sage/Tso Trust
(Name of Registrant)
By: /s/ James C. Tso
James C. Tso
Title: President
Attest: /s/ Sharon Clark Chuang
