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
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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
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 Syosset and the State of New York on the 9th day of
January, 1998.
Signature: Spirit of America Investment Fund, Inc.
(Name of Registrant)
By: /s/ David Lerner
David Lerner
Title: President & Chairman of the Board
Attest: /s/ Constance Ferreira
Constance Ferreira
Title: Vice President & Secretary
