BURRIDGE FUNDS
N-18F1, 1996-09-09
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                                 FORM N-18F-1
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

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

                    ________________________________________
                                 
                                BURRIDGE FUNDS

                   ________________________________________

          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, and to the extent
required, 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 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 Chicago and the state of Illinois
on September 9, 1996.

                                       BURRIDGE FUNDS


 
                                       
                                       By:  /s/ Kenneth M. Arenberg 
                                            Kenneth M. Arenberg
                                            President


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