SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-18F-1
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
POTOMAC FUNDS
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf of the
following series: the Potomac Japan/Long Fund, the Potomac Japan/Short Fund, the
Potomac U.S. Plus Fund, the Potomac U.S./Short Fund, the Potomac OTC Plus Fund,
the Potomac OTC/Short Fund, and the Potomac U.S. Government Money Market Fund
(each, a "Fund"), hereby notifies the Securities and Exchange Commission that
each Fund 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 Harrison and the State of New York on the
30th day of September, 1997.
POTOMAC FUNDS
By: /s/ Thomas A. Mulrooney
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Thomas A. Mulrooney
Chief Operating Officer
Attest:
/s/ Stephen P. Sprague
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Stephen P. Sprague
Assistant Secretary
