KIEWIT INVESTMENT TRUST
N-18F1/A, 1997-02-28
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                       	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









                            	KIEWIT 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 the 
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 Omaha and the State of Nebraska on the
19th day of February, 1997.


                                      					KIEWIT INVESTMENT TRUST
				

                                       				By:  /s/ Ann C. McCulloch     
                                           					Ann C. McCulloch
                                           					Chairman and President
				


Attest:  /s/ Kenneth D. Gaskins      
       		Kenneth D. Gaskins
       		Secretary



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