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
THE VICTORY VARIABLE INSURANCE FUNDS
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Exact Name of Registrant
c/o Bisys Fund Services
3435 Stelzer Road
Columbus, OH 43219
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Address of Principal Executive Officer
1-800-539-3863
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Area Code and Telephone Number
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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, as amended (the "1940 Act"). It
is understood that this election is irrevocable while such Rule is in effect
unless the Commission order upon application permits the withdrawal of this
Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the 1940 Act,
the Registrant has caused this notification of election to be duly executed on
its behalf in the City of New York and the State of New York on the 15th day of
October, 1998.
Signature: THE VICTORY VARIABLE INSURANCE FUNDS
(Name of Registrant)
By: /s/ Michael Sullivan
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Name: Michael Sullivan
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Title: Secretary
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Attest: /s/ Alaina V. Metz
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Name: Alaina V. Metz
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Title: Assistant Secretary
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