LASALLE REAL ESTATE SECURITIES FUND INC
N-18F1, 1999-07-13
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549







              NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1 UNDER
                       THE INVESTMENT COMPANY ACT OF 1940






                          LA SALLE PARTNERS FUNDS, INC.
                            Exact Name of Registrant


<PAGE>


                            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 the 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 Baltimore and the state of Maryland on the
2nd day of January, 1998.



                              LaSalle Partners Funds, Inc.


                              By:  /s/  William K. Morrill, Jr.
                                 ---------------------------------
                                 William K. Morrill, Jr.
                                 President


Attest: /s/  Keith R. Pauley
       ----------------------------
        Keith R. Pauley
        Executive Vice President



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