BERKSHIRE CAPITAL INVESTMENT TRUST
N-18F1, 1999-05-10
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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


                              The Berkshire Funds
                 (formerly Berkshire Capital Investment Trust)
                 ---------------------------------------------
                           Exact Name of Registrant


                           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. 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.


                                   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  San  Jose and the state of
California on the 10th day of May, 1999.



                                Signature:  /s/ THE BERKSHIRE FUNDS
                                            -----------------------
                                            (Name of Registrant)



ATTEST:  /s/ RONALD G. SEGER           BY:  /s/ MALCOLM R. FOBES III
         ------------------                 ------------------------
By:      Ronald G. Seger                    Malcolm R. Fobes III
Title:   Secretary                          President






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