RICHARDSON T O TRUST
N-18F1, 1998-06-30
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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




                                               T.O. RICHARDSON TRUST
                                             Exact Name of Registrant










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                                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 Hartford and the State of  Connecticut  on
the 29th day of June 1998.

                  Signature         T.O. Richardson Trust
                                    (Name of Registrant)


                                    By /s/Samuel Bailey, Jr.
                                          Samuel Bailey, Jr.
                                          Trustee


Attest: /s/Kathleen M. Russo
           Kathleen M. Russo
           Secretary


         The name "T.O.  Richardson  Trust" is the  designation  of the Trustees
under the  Declaration  of Trust,  dated June 2, 1998,  as amended  from time to
time. The Declaration of Trust has been filed with the Secretary of State of the
Commonwealth of  Massachusetts.  The obligations of the Trust are not personally
binding  upon,  nor shall  resort be had to, the private  property of any of the
Trustees, shareholders, officers, employees or agents of the Trust, but only the
Trust's property shall be bound.







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