<PAGE>
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
STEIN ROE FLOATING RATE INCOME TRUST
Exact Name of Registrant
NOTIFICATION OF ELECTION
The undersigned registered 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 Chicago and the state of Illinois on the 23rd day of
September, 1998.
STEIN ROE FLOATING RATE INCOME TRUST
By WILLIAM H. BELDEN, III
William H. Belden, III, Trustee
Attest: HEIDI J. WALTER
Heidi J. Walter, Secretary
