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
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 requirement 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 Kansas City and the State of Missouri
on the 22nd day of June 1998.
Signature: Buffalo Small Cap Fund, Inc.
(Name of Registrant)
By: /s/Larry D. Armel
Larry D. Armel, President
ATTEST:/s/Martin A. Cramer
Martin A. Cramer, Secretary
