AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 17, 1997
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1 UNDER
THE INVESTMENT COMPANY ACT OF 1940
SECURITY CAPITAL EMPLOYEE REIT FUND INCORPORATED
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 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 Chicago and the State of Illinois
on the 17th day of April, 1997.
SECURITY CAPITAL EMPLOYEE REIT FUND INCORPORATED
By: /s/Daniel F. Miranda
Daniel F. Miranda
Managing Director
Attest: /s/ Jeffrey C. Nellessen
Jeffrey C. Nellessen
Secretary
