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, AS AMENDED
FORWARD FUNDS, INC.
(Exact Name of Registrant)
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NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf of
The Global Fund (the "Fund"), hereby notifies the Securities and Exchange
Commission that the 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, as amended. It is understood that this election is
irrevocable while such rule is in effect unless the Securities and Exchange
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, as amended, the Registrant has caused this Notification of Election
to be duly executed on its behalf on the 24th day of February, 1998.
FORWARD FUNDS, INC.
By: /s/ Steven L. Levy
Name: Steven L. Levy
Title: Treasurer
Attest: /s/ Kristin A. Kowal
Name: Kristin A. Kowal
Title: Asst. Treasurer
