SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
MEMORIAL FUNDS
Two Portland Square
Portland, Maine 04101
File Nos. 811-8529; 333-41461
NOTIFICATION OF RULE 18F-1 ELECTION
The undersigned registered open-end investment company, on behalf of
its series that have the right to redeem in kind, hereby notifies the Securities
and Exchange Commission that it elects to commit such series to pay in cash all
redemptions by a shareholder of record in accordance with the provisions of 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 Portland and the State of Maine on the
13th day of March, 1998.
MEMORIAL FUNDS
By: /s/ Max Berueffy
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Max Berueffy
Vice President and Secretary
Attest: /s/ D. Blaine Riggle
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D. Blaine Riggle
Assistant Secretary
