PAPP AMERICA PACIFIC RIM FUND INC
N-18F1, 1997-01-03
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 Form N-18F-1

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                NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                   under the Investment Company Act of 1940

                      PAPP AMERICA-PACIFIC RIM FUND, INC.
                                 (Registrant)

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     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. 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 the Notification of Election.

     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 Phoenix, Arizona on December 18, 1996.


Papp America-Pacific Rim Fund, Inc.    Papp America-Pacific Rim Fund, Inc.
Corporate Seal
Maryland
                                       By: /s/ L. Roy Papp
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                                           L. Roy Papp, Chairman

Attest: /s/  Robert L. Mueller
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        Robert L. Mueller
        Secretary
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