ADVANTUS VENTURE FUND INC
N-18F1, 1996-09-19
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                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549









                   NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1

                       UNDER THE INVESTMENT COMPANY ACT OF 1940












                             Advantus Venture Fund, Inc.
                             ----------------------------
                               Exact Name of Registrant

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                               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 except as provided by Rule 18f-
1(a) 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 St. Paul and the State of Minnesota on the
19th day of September, 1996.


                                       Advantus Venture Fund, Inc.
                                       ----------------------------------------
                                       (Name of Registrant)


                                       By /s/Paul H. Gooding
                                           -------------------------------------
                                           Paul H. Gooding


                                       President and Director
                                       ----------------------------------------
                                       (Title)


Attest: /s/Frederick P. Feuerherm
        ------------------------------

        Treasurer and Director
        ------------------------------
        (Title)



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