GRAND PRIX FUNDS INC
N-18F1, 1998-01-13
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                     Form N-18F-1
                           
                           
          SECURITIES AND EXCHANGE COMMISSION
                           
                Washington, D.C.  20549
                           
                           
                           
                           
NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1 UNDER 
          THE INVESTMENT COMPANY ACT OF 1940.
                           
                           
                           
                           
                           
                Grand Prix 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 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 Wilton and  the
State of Connecticut on the 24th day of December, 1997.
     
     
     
     
                                   GRAND PRIX FUNDS, INC.
                                   
                                   
                                   
                                   By:/s/ Robert Zuccaro
                                      --------------------
                                      Robert Zuccaro
                                      President
                                
                                
Attest:/s/ Phillipp Villhauer




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