EQ ADVISORS TRUST
N-18F1, 1997-04-29
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<PAGE>
 
                      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.



                               EQ ADVISORS TRUST
                               -----------------
                           Exact Name of Registrant
<PAGE>
 
                           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 to the extent set forth in 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 the city of Boston and the Commonwealth of
Massachusetts on the 29th day of April, 1997.



                                         EQ ADVISORS TRUST



                                         By:  /s/ Lloyd Lipsett
                                              ----------------------------------
                                              Lloyd Lipsett, Assistant Secretary



Attest:  /s/ Karl O. Hartmann
         -------------------------------------
         Karl O. Hartmann, Assistant Secretary


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