DESSAUER GLOBAL EQUITY FUND
N-18F1, 1998-12-02
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    As filed with the Securities and Exchange Commission on December 2, 1998

                                  FORM N-18f-1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                File No. 811-7691
                                ICA No. 333-63753



- --------------------------------------------------------------------------------
                 NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940
- --------------------------------------------------------------------------------



                         THE DESSAUER GLOBAL EQUITY FUND
                            Exact Name of Registrant

                                5 Bay State Court
                                  P.O. Box 1689
                          Orleans, Massachusetts 02653
                     (Address of Principal Executive Office)

                                  (800)560-0086
                        (Area Code and Telephone Number)





<PAGE>

                            NOTIFICATION OF ELECTION

         The undersigned  registered open-end investment company hereby notifies
the  Securities and Exchange  Commission  (the  "Commission")  that it elects to
commit itself to pay in cash all  redemptions  by a shareholder of record of the
Fund as  provided  by Rule 18f-1 under the  Investment  Company Act of 1940,  as
amended.  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, as amended, the Registrant has caused this notification of election
to be duly  executed  on its  behalf  in the City of  Orleans  and the  State of
Massachusetts on the 30th day of November, 1998.



                             Signature: The Dessauer Global Equity Fund

                                  By:  /s/John P. Dessauer
                                       ---------------------------------------
                                       John P. Dessauer, Chairman and Treasurer


Attest: /s/Thomas P. McIntyre  
        ---------------------  
        Thomas P. McIntyre
        President and Trustee



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