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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 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
Securities and Exchange 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 Portland and the
State of Maine on the 30th day of December, 1996.
Schroder Capital Funds II
By: /s/ John Y. Keffer
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John Y. Keffer
Vice President
By: /s/ Thomas G. Sheehan
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Thomas G. Sheehan
Assistant Secretary
