WORLDWIDE HEALTH SCIENCES PORTFOLIO
N-18F1, 1996-07-22
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                                                              File No. 811-07723


                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549


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

                         WORLDWIDE HEALTH SCIENCES PORTFOLIO
                             (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 holder of record of an interest
     in the  registrant, limited in  amount with respect  to each holder  during
     any 90-day  period to the  lesser of (i)  $250,000, or (ii) one  percent of
     the net  asset value of the registrant at the  beginning of such period, 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  Hamilton, Bermuda on  the
     24th day of June, 1996.

                                       WORLDWIDE HEALTH SCIENCES PORTFOLIO


                                       By  /s/ James B. Hawkes
                                           -------------------------------
                                           James B. Hawkes
                                           President 


     Attest: /s/ Thomas Otis
              -----------------------------
              Thomas Otis
              Secretary
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