AMERICAN SKANDIA MASTER TRUST
N-18F1, 1997-08-18
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    As filed with the Securities and Exchange Commission on August 18, 1997

                Investment Company Act of 1940 File No. 811-8087

                              ---------------------

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



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                 NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940

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                          AMERICAN SKANDIA MASTER TRUST
                           (Exact Name of Registrant)



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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  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 Dublin  and the  Country  of
Ireland on the 14th day of August, 1997.

                          AMERICAN SKANDIA MASTER TRUST


                            By: /s/ J. Fergus McKeon
                                J. Fergus McKeon
                                Assistant Controller and
                                Assistant Corporate Secretary


Attest: /s/ Robert T. Kelly
        Robert T. Kelly


20818-1


 


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