SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1 UNDER THE
INVESTMENT COMPANY ACT OF 1940.
PBHG ADVISOR FUNDS, INC.
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NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf of
PBHG Advisor Value Opportunities Fund, PBHG Advisor Core Value Fund, PBHG
Advisor New Contrarian Fund, PBHG Advisor REIT Fund, PBHG Advisor Defensive
Equity Fund, PBHG Large Cap Concentrated Fund, PBHG Advisor Growth II Fund, PBHG
Advisor New Opportunities Fund, PBHG Advisor Global Technology & Communications
Fund, PBHG Advisor Blue Chip Growth Fund, PBHG Advisor Growth Opportunities
Fund, PBHG Advisor Enhanced Equity Fund, PBHG Advisor Trend Fund, PBHG Advisor
Master Fixed Income Fund, PBHG Advisor High Yield Fund, PBHG Advisor Short-Term
Government Fund, and PBHG Advisor Cash Reserves Fund, each a series of the
Registrant, 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 Wayne and the Commonwealth of Pennsylvania
on the 19th day of June, 1998.
PBHG Advisor Funds, Inc.
By: /s/Brian F. Bereznak
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(Name of director, trustee or officer signing
on behalf of Registrant)
Vice President
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(Title)
Attest: /s/John M. Zerr
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(Name)
<PAGE>
Vice President and Secretary
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(Title)
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