Registration 333-26223
File No. 811-8199
FORM N-18F-1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
MONUMENT SERIES FUND, INC.
8377 Cherry Lane
Laurel, MD 20707
(Name and Address 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.
<PAGE>
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 Laurel and the State of Maryland on
the 18 day of December, 1997.
MONUMENT SERIES FUND, INC.
Name of Registrant
By:/s/DAVID A. KUGLER
-------------------
David A. Kugler
President
ATTEST:
/s/HERBERT KLEIN, III
---------------------
Herbert Klein, III
Secretary
