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1933 Act File No. 333-30221
1940 Act File No. 811-8273
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
BUILDERS PROLOAN FUND, INC.
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 St. Louis and the State of
Missouri on the 17th day of October, 1997.
BUILDERS PROLOAN FUND, INC.
/s/ John W. Stewart
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John W. Stewart, President
Attest:
/s/ John W. Stewart
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John W. Stewart
Secretary